and just to clarify that subway line was not named after you two that is merely a coincidence and quick reminder now of the top story that we're following for you before we go israel is on edge and has deployed more forces to the occupied west bank in the wake of u.s. president donald trump's decision to recognize two roussillon as israel's capital you are looking at live pictures there from bethlehem where as you can see clashes have broken out the islamist group hamas has called for an end to fatah. where i come from we have to fight for a free press and was born and raised in a military dictatorship with just one t.v.

shadow and a few newspapers with official information as attorneys i have worked on the street for many can trust and they have problems with the same point to social inequality a lack of the freedom of the press. corruption weak on the floor to stay silent when it comes to the fans the humans and see them why do fools who have decided to put their trust in us. my name is johnny paris and i work with. more jail time over diesel gates a u.s. court hands a hefty prison sentence to a false flag an executive over his role in the company's emissions cheating scandal also on the program scavenging abandoned diamond mines in south africa and hoping

for a change in fortune for gazans of desperate south africans forced into the black market . seven years behind bars that's the price to pay for lying to consumers this is a business i'm christopher. the fox wagon senior executive all of a schmidt was also fine four hundred thousand dollars over his role in the company's massive emissions cheating scandal he's the second v.w. high level figure to be convicted over the diesel's good scandal in the united states now as requested by prosecutors both penalties represent the maximum that the court could have handed down. this wednesday was perhaps the worst day of all of the schmitz life the engineer's sentenced to seven years in prison at the toughest possible. and for perpetrating fraud against consumers he was emotional he apologized he regrets his decisions he said he takes responsibility

it's his fault. schmidt was responsible for us environmental matters at v.w. from twenty twelve until twenty fifteen the time that folks wagon admits to manipulating emissions tests using software loaded into its cars. he knew about the test manipulation and testified in court that he simply followed orders the judge ruled that without doubt the v.w. board shared responsibility for the scandal prosecutors said schmidt was in the same room as the c.e.o. they all worked on their stories that they would tell viewer thora teams. it remains to be seen if form of folks frog and c.e.o. martin venter calling could face charges in germany he has repeatedly denied knowing about emissions cheating schmidt's sentencing comes months after that of another former manager james liang having cooperated with authorities and handed in a guilty plea from the outset he received a forty month jail sentence. the next news

item concerns your money if there is anything we learned from the two thousand and eight financial crisis is that rescuing banks should never again fall to the taxpayer ever since central bankers and financial supervisors have been haggling over what this regulation specifically should look like later today these so-called basel committee will present the results the final component of the basel three regulation now here's the initial consensus central banks would determine how much equity banks would need to buffer wrists now and twenty ten the experts in basel determined that number to be eight per cent but this is where things get complicated what accounts equity and how does it change the percent also not all. right it is created equal as some customers are less likely than others to repay the borrowed capital therefore each loan has to be reviewed and evaluated which begs the question according to what criteria. so to answer some of these

questions let's bring in hospital because he's a professor for banking and financial services at the university of what i'm good to have you on the program the idea is to make wrists more comparable now european and u.s. regulators have different approaches does the new regulation make risk more comparable after all i think it will i think the difference between what we get from internal models where banks can use their own way to calculate risk and the standard provided by the regulator have become too big and that's a that's a crucial point here for the european banks some of them have these issues internal models and the idea was maybe they can have a little bit less equity capital because they have got better risk models but not so much and this has evolved into a big difference and that's where the regulators now stop to try to close this gap for the united states that's not so important because american banks they don't take much credit risk anyway they are more trading risk to the capital market so

they're not really interested in that and follow european banks that already had increase their capital charges a lot in the past and now seemingly there comes a new very very heavy charge which they have to fulfill very short term and that's a big problem for them now the big question is will these standards be enough to prevent another financial crisis after all the i.m.f. warrants today that the high debt levels in china for example are threatening the financial stability of the entire country. well that's a very fundamental questions it question is it possible to make a banking system totally safe and the answer is no it's not possible more equitable help to make this kind of crisis less probable but there is nothing like it will never happen again because in the end banks are liquidity pool for the whole society so they are safe as long as we trust them and the very moment we lose this trust we get into trouble so that's a promise of the politicians which can never be really fulfilled now speaking of politicians u.s.

president donald trump wants to scale back regulation what impact will the sell. well it might help the pending depending what how it does it it might help different people so you think you want to help regional banks to give easier loans and that's something we'd love to have in europe as well that would be very helpful to go on in this direction because we have just an overregulated especially of small and medium sized banks from the all this regulation be implemented after the big financial crisis but especially united states but suspicious because people who will do this they mainly come from the large investment banks so i wonder will who will profit in the end really a problem for europe is america will change the direction of regulation great britain has a great incentive to change the direction of regulation towards less regulation so if the european train goes very fast in one direction or the other trains going to the other direction questions how long we can be keep on going this direction has been a work of banking expert at the university of whole time thank you father. now

as you just heard the international monetary fund says china needs to do more to protect its banks against possible financial risks the i.m.f. says china's largest four banks passed its stress test but the rest have a problem the i.m.f. says three quarters of them are under-capitalized to want to stand or another china has relied on debt fuelled investment and exports to drive its economic growth but the i.m.f. says that model is no longer feasible. now according to the world bank over one hundred million people all over the world live from the proceeds of amateur mining activities compared to only seven million people who depend on industrial mining mining companies mostly perceive amateur mine as a threat and are clamping down on their activities in south africa desperate and hardworking locals are fighting to earn a living legally we have this exclusive report in this waste land on the outskirts of kimberley close to ten thousand informal miners are eking out

a living by sifting through the waste of the area's diamond mines locally they are known as some azzam as meaning keep on trying the local zulu language kimberley is situated in south africa's northern cape province and was once the world's diamond capital but the boom is long over many of the mines and supporting businesses closed or downscaled and working as a zama zama is the only work available. we don't do it is then you see sometimes if . you have the. receipt for a lot of these lands take us able to sell us out we have this way. see from mining affected communities in action is trying to help his n.g.o.s fighting to legalize the work of the zama zamost and to lift the country's blanket ban on informal mining though the government seems willing to negotiate it's the mining

industry that blocks the move. interested in helping his amazon mess even decide to pull out of the meeting that we are having with them. they'd be. better off when they're under stress and also the provision of government i don't hear they have to pull out of that meeting they're not interested in us they are only interested in profit making. it's estimated that close to one hundred thousand people in south africa depend on artists in a mining generating minerals worth four hundred million euros per year yet this is only zero point one percent of south africa's money economy. what we are dealing with the. question of greed versus need so often we see that. in fifty one companies control eighty percent of six hundred billion then market and they are denying people the opportunity to put food on the table even though our legislation requires requires the state to make these the resources available

to ordinary south africans if formalize there could be tangible benefits for the south african economy and for social cohesion in one of the most unequal societies in existence but for now artists will miners operate in a shadow economy and are only able to sell their non-certified diamonds on the black market. the fact is. this shops are closing down so days no. days. in crime. then. yeah we find some some do with those schools good weather got a good we will put a week local pool weeks we're lucky. if no permanent solution for to snow miners

like manya is found their future looks bleak. the individual behind the massive data theft is reportedly a twenty year old man from florida that's according to news agency reuters last month it emerged that the writer hailing company had paid the hacker one hundred thousand dollars to destroy the data of millions of passengers and hundreds of thousands of drivers which he had stolen before the company did not inform regulators at the time the scandal has already led to the departure of two of hoover's top security officials according to reuters then see old travis cullen nick was aware of the breach and the payment. a lot more business news for you at the top of the hour if you need to stay up to date on to check out our facebook page or our twitter feed for now thanks for watching.

connection they ran around shooting studio was the ad they wanted me to talk today has booked for gays and lesbians in russia ostracized passy cupid and abused not

tanya has experienced it fast hand. because sexuality is deemed as something dishonorable here but society takes an aggressive stance against it wasn't the. next. enters the conflict zone confronting the powerful for years now australia has faced the powers of criticism over its treatment of refugees now it has a seat on the un human rights council and the pressure is intensifying my guest this week is alexander downer the country's high commissioner how does he justify a policy so widely condemned around the world. in sixty minutes on d. w. x. . they know look like they know what we think. and soon they'll even know how we feel. well i'm not

a real person but i'm still just a piece of software scientists around the world are working to measure our emotions . so hopefully i can be a helpful piece assault with a virtual person as a therapist or a robot as a teacher neither would have human empathy. what does a machine need to do to create empathy and a medical context when i disclose more information to a person or to computer in this case. algorithms phin stead of feelings measuring emotion starting december sixteenth t w. hello and welcome to focus on europe i'm michelle henery glad you could join us

slavery is a thing of the past in europe or so one thought.