called on people to embrace reconciliation as a country much as from nearly five decades of military rule. the u.s. economy posts its fastest growth in three years despite a string of horak a third quarter g.d.p. comes in at three point three percent off the back of higher investment in order quitman and that competed. also coming up beijing's trying to increase its influence on foreign companies in china so it has the final say over doing business there. and they use cheap breaks in a deal on a divorce settlement with britain could come as soon as next month. this is your business update on how to hold free in berlin good to have you with us the u.s. economy continues to pick up pace the government has posted

a three point three percent rise for the last quarter that is the largest expansion in three years pushing the dow to a second record in a row or the root boston growth comes despite the nation being hit by two big hurricanes business investment is all the strengthening of call me would warrant continued interest rate increases but analysts have slashed fourth quarter growth estimates to two a slowdown in consumer spending and sluggish wage growth. well for more let's go over to our financial correspondent sophie szymanski in new york press sophie the u.s. economy is expanding at the fastest rate in three years and yet paychecks are appear to be getting any thicker so why is that. yes helena it doesn't really make sense that one reason might be that the unemployment rate does not consider and count people who gave completely are looking for

a job so the real unemployment rate if you want should be actually higher people in lower paid lower skilled jobs have little bargaining power to demand higher wages and there are more lower paid jobs than ever and at the same time middle the workers are being replaced by computers by robots and also by lesser paid jobs in low wage countries and think about the unions for a second the united states they now only represent less than eleven percent of the workforce so economists see this as a critical factor in a weak american wage growth given the most that most workers do not a bargain all together for safety this coming as republican lawmakers into that crucial phase into adopting a sweeping tax code overhaul which they claim will pay for itself but at one point five trillion dollars it states so is there any evidence to support this. well the white house and also lawmakers from there were probably can party have

argued that these one point five trillion dollars tax package will magically pay for itself by only spurring economic growth though economics say that there's little evidence to support this crime especially in an already growing economy and we just talked about the numbers from the council for economic advisers believe that such a cut would boost and you earnings by far thousand dollars for the average american and in that way also consumer spending but the evidence really suggests otherwise or it's a fisherman ski on a wall street thanks for that. meanwhile that rapidly swelling bitcoin bubble could be set to bust in a spectacular fashion the crypto currency skyrocketing slamming through the ten thousand dollar barrier just hours ago and now eleven thousand there's been a flurry of crypto hedge fund launches and futures trading about films boosting its

value with the prospects of the controversial currency crossing over into the financial mainstream will certainly be interesting to see it and when it does some bank bosses call it a fraud or that this could be made redundant by the currency as it bypasses them as middlemen using instead block chain technology as an online letter that china claims it is open to foreign firms but we all know that actions speak louder than words and it's not proving to be the easiest business climate china's communist party is trying to infiltrate the german subsidies there to increase its influence over management decisions that's according to a german industry body it's warning that beijing is trying to exert pressure through party councils inside the companies. chinese law requires companies with three or more employees who are members of the communist party to allow those members to set up a party so for a long time these were just symbolic units but now german companies in china report

increasing pressure to actively set up new cells or strengthen existing ones it's not a small problem china's huge market is critical for many of germany's best known multinationals . some five thousand german companies have operations in china last year alone they invested six point seven billion euros in the country folks in full one employs ninety five thousand workers at its factories in china engineering company bosch is also a major force with sixty thousand people on its payroll there siemens has just over half of that. first of all i think you can set up these party cells always been set up by party when there are three party members within a company then you can set up a party so i think the difference where would we have some examples is that they have been the companies have been actively approached to support that i think this is the difference i mean setting up parties sales and also more influence of the

party is not a completely new thing in china. says the cells are meant to help companies better understand chinese policies and to settle disputes that is beginning to make businesses easy a quarter of the firms recently surveyed highlighted legal and regulatory reasons for not increasing their investments in china. you know just say brits is set to call on the brakes a building that looks like they're going to be paying a bit more than prime minister theresa may intend it at worst an o. as the black money from financial obligations like investment programs and infrastructure projects agree to prior to the referendum the actual amount is what has caused. for the cameras it's all smiles in brussels but behind the scenes they're not pulling any punches the e.u. has set strict requirements for britain if the divorce is to move forward. the

brits have until mid december to meet them at the upcoming e.u. summit and there's still more to hash out such as agreements on the rights of europeans working in the u.k. and a solution to the irish border issue. so the pressure is mounting for british negotiators . in the same way as we have seen movement in the last twenty four hours in relation to the financial settlement i expect we will see movement in this regard in the next year this is where and hopefully we will because nobody wants to see a situation arise where we have to again in december detail insufficient progress in order to allow the next phase according to the british press the e.u. and the u.k. have agreed on a settlement offer of somewhere between forty five and fifty five billion euros. this is below the sixty billion the e.u. had originally called for so far there's been no confirmation. of what you just you could have there have been many articles rumors and reports as they

did with the i told you earlier replies i read that on the three key issues of these first phase negotiations is namely citizens' borders and the budget. there is still more work to be done we're not at a point of agreement and bob. the british government appears to be on the back foot a hard bragg's it could be devastating for business in the u.k. and some companies have already announced plans to move parts of their operation to other e.u. countries. but he was considering a new plan to bridge the divide between member states over migration it would have been a country's fish air of asylum seekers based on population and wealth could be off to offer assistance if the situation becomes critical but once migrants arrive in a country like germany what all the chances of settling it we met an energetic young man from guinea he's trying his luck a 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's humanity and justice. and vets what i've done. guinea is one of africa's poorest countries in recent years it seem continual political unrest in state run organizations like the post office where our 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. and mommy sue monied 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 two year 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 soumaya will find a guarantor he may have to go it alone provided he doesn't have to return to his

homeland first. that's it you say with a nice from the world of business from more head to our website the w. no slash business you can also find us on facebook follow us on twitter at d w business i'm there as well have a see how free is my handle i'm back tomorrow same time same place see that.

w.'s program guide on the internet right. to home. dot com highlights. their black living in germany. he's reminded what that means on a daily basis presenter john updike is nothing new to blend in and i was. taking a holiday group and being you know different than the rest. she traveled to germany to meet other black people and to hear their stories so. it's as. i grew up in a white family in a white neighborhood it was definitely

a challenge. and she decided to put me up for adoption. that means. thing was to keep your head down and your mouth shut of course of the face like this i could never completely disappear if you see all these stereotypes about it because it can't see you. do something for your country but you're still the black young man with a. afro germany starting december tenth d.w. . thank you. and welcome back to serious music oboe is this year's instrument of the year here in germany and according to the guinness book.