korea's most powerful up today. that's it for me but again how can i have the business news for you coming up shortly and don't forget you can always get the latest news anytime anywhere on our website that's d.w. dot com and you can also follow us on twitter and on facebook you're watching the news coming to you live from but stay with us. every journey begins with the first step and every language with the first word published in the. nico is in germany to learn german why not learn a simple online on your mobile and free stuff from d w z e learning course because

the german made easy. freedom of expression. a value that always has to be defended and you. all over the world. are a freedom freedom of art. a multimedia project about artists and their right to express their views freely. d w dot com to freedom. is there finally a breakthrough in bragg's it talks british newspapers say the highly controversial divorce bill issue is settled but the used chief negotiator says not so fast. leaders meet with african counterparts in abidjan to discuss migration to. we made

one young refugee striving to become an entrepreneur and. also on the show china's communist party stands accused of infiltrating western companies to influence management decisions. this is the end of your business i have an office in berlin well according to british media reports there has been a preliminary agreement on the so-called break that divorce bill the u.s.s. britain that money from long term financial obligations such as investment programs and infrastructure projects agreed before the break that referendum the divorce bill has proved a stumbling block in talks settlement could mean that real ago she actions about future relations and trade could start so newspaper reports say the two sides have reached an agreement in principle for the u.k. to pay between forty five and fifty five billion euros in a brags that bill to the e.u. the payment has been a sticking point in the recently start negotiations on the british side by briggs

it minister david davis the e.u. is demanding sixty billion euros from the u.k. as a kind of tap to be settled before breaks in a collection of budget commitments and pension promises expected from the u.k. through the year twenty twenty the e.u. has vowed not to move forward until the issue is resolved and it's even given a december fifteenth deadline for progress a new offer has been expected in recent days the u.k. needs to move beyond the divorce phase of talks before it can negotiate a future trade pact with the blog a critical issue for its post bragg's economy the possibility of leaving the union without a deal is widely viewed as an economic worst case scenario other stumbling blocks remain in the divorce phase including the nature of the border between ireland and post that you can. reacting to reports the european union's chief breaks it negotiated michelle ban years that on wednesday he was still working to reach agreement with britain saying that if it was successful the you could be ready to

proceed to talks about future trade relations is what he said. you know rules really court need proof i hope that when the european council meets and some days i can report that we've been able to negotiate. and that we have reached an important step in our relationship. if we reach this very important point of the agreement in the coming days we expect that in twenty eighteen the european council will set up the new framework for this partnership. china's communist party is trying to infiltrate german companies subsidiaries in china to gain control over management decisions german industry body is warning that china's government is trying to increase its influence through party councils inside the companies it's not a small problem china's huge market is critical for many of germany's best known multi-national force for one employs ninety five thousand workers as factories in

china engineering company bosses also major force with sixty thousand people on its payroll siemens is just over half of that some five thousand companies have operations in china last year alone they invested six point seven billion euros in the countries now china's law requires foreign companies to allow communist party representations inside the companies for a long time these were just symbolic units but now german businesses are increasingly facing political pressure from within their chinese operations for more details on that we're now joined by the director of the center for international economics god will further meyer who joins us now from munich it's been symbolic these representations have been largely symbolic for a long time what's different now. well the difference is the president as eugene being. wants a new model for the the chinese

a socialist and socialist with chinese characteristics and there he wants to you know stronger control of the party over the entire economy including the foreign affiliates and that means that these are party sells these companies now have a very specific role to do and a very specific objective namely to make sure that you know their foreign companies are in harmony that's how they say in harmony with the with the overall objectives of the chinese leadership is that the only problem that presents itself or or is the these these committees in inside the companies do they present other problems as well well there is of course the issue that they might influence business decisions for example when it comes to recruiting so that the companies lose degrees of liberty in their actions in china if they want to stay in close contact with the chinese government if they don't want to lose procurement contracts they

have to play by the rules but that might affect their decisions and it could come to the detriment of all the world over the p. d. and overall long term strategies of those companies in china but china recently styles itself increasingly as a big champion for free trade now that isolation is cynism is is coming over from across the atlantic. only seems to apply to other countries doesn't it. yes sure i mean when the chinese talk about free trade they mean free trade in their own interpretation and they like to have access to foreign export markets that's clear but at the same time the chinese model votes to reinforce control over the chinese economy in all its components in all its parts and that of course clashes sometimes with the idea of free trade how we understand it which is of course strongly weighted to the concept of market economy and that is something

that has been on the retreat in the last five years at least in china. thank you very much for this and i think you regardless of the flame war or poverty refugees are generally looking for a better life and they go to the countries they believe will give them the best shots germany is of course a key destination we met a young man from guinea who is trying his luck here as an entrepreneur and the language barrier is the least of his problems. from guinea is struggling with german tax law he's taking a special course for refugees because he wants to start his own company he arrived in germany four years ago with nothing. when the economic situation is no good and there is no democracy in the country then you have to go where there is humanity and justice. and bats were done.

guinea is one of africa's poorest countries in recent years it seemed continual political unrest in state run organizations like the post office where all mommy worked employees have gone without pay although the situation has improved due to investment from china but twenty six year old a mommy doesn't want to wait until things improve back home. he was studying economics in guinea before stepping onto a refugee boat that took him across the mediterranean sea now he's looking to sell german cars in guinea agencies like the l.ok.e. in berlin help young refugees as they try to become self-sufficient offering management courses and mentoring programs which we're dependent on our working relationships with other institutions especially banks because of course it's hard to get financing with this target group whose loan options are limited due to their

refugee status. and need startup capital it will be challenging to find even if berlin's investment bank recently established a loan program for refugees. in order for the bank to secure its investments we have to address the fact that we're dealing with people who only have a resident status whereas loan repayment terms are five to six years this means we need to involve a third party a citizen to act as guarantor on the loans then we won't have any problem authorizing them. it's uncertain whether our mommy suma will find a guarantee or he may have to go it alone provided he doesn't have to return to his homeland first drawn paul us president donald trump's pick for the federal reserve suggests that the central bank is likely to raise rates in december khalid told the senate banking committee that i was for raising rates as strong as life it was

going interest rates to between one point two five and one point five percent of the u.s. central bank will continue its predecessors policy of raising interest rates gradually. also hinted at a lighter touch for regulation of the banking sector saying that current rolls were already quote tough enough. federal prosecutors in the u.s. and western gating with the ride sharing company deployed a team of corporate spies to steal trade secrets from its rivals former manager disclosed the investigation on tuesday he said that the firm set up a special units to target overseas competitors he said the group kept its work off computer systems testimony was part of a google lawsuit against which alleges that he was told trade secrets from google's driving unit has been in hot water recently over its cover up of a major hack and data theft. now bitcoin is followed on fire clocking a new life time high above ten thousand dollars rising nine percent just today it's

been just a week since its top eight thousand dollars warnings multiply that the largest group to can see is an asset bubble billionaire hedge fund manager mike novogratz bitcoin is going to be the biggest bubble in our lifetime while john mcafee who founded the software company of the same name says bitcoin was headed to five hundred thousand dollars just within the next three years. and that's it for me and the business team here and i'll have an update for you in the next hour in the meantime do join us on twitter and facebook if you don't follow us already that before you go here's a real time check on global markets at this hour thank you very much for watching bob.

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