what a great idea to meet them both in person. and for these berliners truly an unforgettable commute. when the rock gods you too descended down into the you too for an unexpected moment my son loves you. and just to clarify that subway line was not named after you two it is merely a coincidence use your up to date now ended up going is i'm sorry kelly amber len after a short break it is first. every journey begins with the first step and every language with the first word published in the. eco is in germany to learn german why not learn it simple online on your mobile and free stuff from d w z e learning course you can speak german made easy.

your home life because of persecution society. starting from scratch in an unfamiliar country. five people who found a new home in a foreign land. with their stories books and music they've built bridges to the past to the future. after the escape starting december seventeenth d.w. . of the. more jail time all the diesel gates a u.s. court a hefty prison sentence for executives over his role in the company's emissions cheating scandal. from a thousand to more than fourteen thousand dollars in less than. yeah investors in

bitcoin are gloating as the crypto currency just keeps packing on value. and careful the i.m.f. tells beijing to prepare its banks probably for the next downturn. all this right here right now indeed of your business as well seven years behind bars that's the price to pay for lying to consumers a former senior executive a volkswagen was also find four hundred thousand dollars over his role in the company's massive emissions cheating scandal is the second v.w. high level figure to be convicted over diesel gate in the us. this wednesday was perhaps the worst day of all of the schmitz life the engineer sentenced to seven years in prison and the toughest possible sentence 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 fox 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 the authorities. it remains to be seen if former fox foreign c.e.o. martin venter corn 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. so seven years in jail for

a manager but is the company taking full responsibility let's bring in. the frankfurt stock exchange. is that man a scapegoat. and still i have to say that fox is taking responsibility as the company has paid about thirty billion us dollars in fines and rebates so that means the company sort of has taken on some of the response ability it had to be forced to do so of course and here in europe correspondent is much less willing than in the u.s. to really compensate its customers but still the company has. for sure. recognize that there is something went wrong and that it has to be corrected still all of us made of course is something like a scapegoat the judge himself said that more senior managers were to blame as well and people here in the trading hall of frankfurt stock exchange are joking there saying that martin the entire gone should better not consider traveling to the

united states any time soon he might be safe from imprisonment here in germany but the american authorities have shown that they really play it tough to be careful lots of interpol in other news and there's another easy be meeting happening today in frankfurt anything expected regarding interest rates there. there is no announcement expected in terms of basic interest rates or monetary policies what is expected though is a press conference by mario draghi where he is expected to announce an agreement on basel three you know this international set of rules for the banking sector and that's saying something and agreement on this high international level and agreement that the europeans have signed the americans and the chinese of course not all of those countries might always play by the rules but the mere fact that those parties sak together at the table negotiating common rules that's

a piece of positive news a positive indicator i would say calmer of those in the in frankly for us thank you . and here is our daily bitcoin watch the party is still on more and more investors are casting their doubts aside and joining the fray in listen to this the cryptocurrency gained more than three thousand dollars in just thirty hours on thursday it briefly shot even through the fifteen thousand dollars mark here's a little mind game head you board bitcoin at the beginning of the of the year if you only have you would have made a profit of your life bitcoin gained one thousand eight hundred percent but the warnings are not going away most analysts say the high volatility makes bitcoin unsuitable for hobby investors like you and me because when the bubble burst there will be tears the losses will be as spectacular and fast as the gains were.

banks have sold too many short term products on the promise of quick and easy returns the market is so big now for the products so complicated that the i.m.f. warns it threatens financial stability. it's a high stakes business that's worth trillions of dollars in china and you can buy so-called wealth management products at a.t.m.'s and on your phone their popularity has risen dramatically in recent years in twenty thirteen they were worth one point five trillion dollars three years later that figure had risen to four point four trillion. wealth management products promise investors high returns but many of them rely on borrowed funds to meet return targets soaring debt is a ready huge issue in china the international monetary fund has warned against a tendency to prop up unprofitable companies with loans that said it has praised china for efforts to reform its financial system. the authorities have recently

announced that they would allow the participation of. foreign foreigners into the financial sector. and they would do this slowly over time. and we think that this would help increase. competition and increase efficiency. it can also help. pricing risks more accurately. china has also recently established a financial oversight body its aim is to strengthen financial supervision and better manage risks such as those associated with high stakes wealth management products. chinese online retailer ali barbour's to partner with ford to sell cars on line china is the world's biggest car market and foreign producers are scrambling to increase their market share ford says they will partner to work on problems buying cars on lives such as test driving it was experimenting on new

transport services it's not as first foray into mobility as previously partnered with domestic firm s.a.i.c. to launch an internet connected car according to the world bank over one hundred million people in over eighty countries live from the proceeds of informal mining compared to just seven million people who depend on regular industrial mining commodity companies mostly perceive miners as a threat and that clamping down on their activities in south africa desperate and hardworking locals are now fighting for their right to earn a living legally. in this wasteland 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. i see. you have the. receipt for the loss of this land to take us all. of this way. to see from mining affected communities to 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 is a muslim us there even decided to pull out of the meeting that we are with them. they'd be. better off when they're under source and also the provisional government

i don't see 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 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 formalized 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. thank. you. defeated. the shops are closing down so days no. days no meaning for us it means that we must end up in crime long. yeah we find some some. got on t.v. has there been a fool before the week off for two weeks we. if no permanent solution for artists no miners like manya is found their future looks bleak. more news and see about why.

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