to tell you about including in business shock in south korea as a portal lets the samsung walk free after reducing his jail center's sentence for corruption the judge just said he was coerced into making a bribery payments. then we'll have all the all the details all right after this and i'm thinking at the top of the hour. what does a football loving country to reach its goals. we'll tell you how a german soccer needed to look charmed. you know with special double dot com. football made in germany. w. true diversity. where the world of science is at home in many languages.

on a lot of programming go and bury me show you can you tell us that our innovations magazine for any show of our trip every week and looking to the future on t w dot com science and research for. the global equity selloff continues stocks slide again in new york office such a long bull market is this a big correction. a south korean surprise the era of samsung walks free judges to spend jay wiley's corruption sentence and with bulgaria having taken up the e.u. presidency critics accuse the government of failing to fight rampant corruption. and bad physical and let's do business. yes the jitters are returning to trading

floors around the world the main financial markets have been enjoying record after record of course that can go on forever up wall street ensuring further falls of up to one percent today friday still the biggest weekly losses on the new york stock exchange in two years a u.s. jobs report showed a surge in wage growth sparking inflation fears and worries about an acceleration in interest rate hikes the equities slump spreading to asia where the nikkei took a massive hit europe also losing ground just as the opening bell in new york i spoke with our financial correspondent day ends quarter i asked him how the new week's getting underway. well right now the sale of just continue or when markets is opening here and it's interesting to see because the reason why we're selling off is not because the economy is weak but that because the economy is strong you already mentioned interest rates but we also see them heels increasing and what does that mean that means that it becomes more expensive for corporations to get to

adapt to finance their activities so we see some inflationary science and saw right now or the market is dropping again right at the beginning by about two hundred fifty points and by the way the six hundred sixty point drop that we saw on friday at least point wise was the biggest and biggest drop since the fall of two thousand and eight so since the midst of the financial crisis i can tell it's not big enough yet to call a correction but that is the word that's on everyone's lips what people want to trade is they're telling you. you know well so far they're still rather calm because the thing is we were waiting for some kind of a pullback for quite some time the only thing missing was the trigger and now we got the trigger with the bond market right now the market is off from the highs a good five percent that's a pullback a correction starts when we see a bull back of ten percent and then we're down fifteen twenty percent from the reason high it's then that we even talk about

a bear market but that's still some way to go so looking forward a lot will really depend on how many year olds and how interest rates will move and that is quite a nice or coincidence that today we will get a new fed chairman jerome powell saw a new man on board of the federal reserve and then also might cause a little bit of uncertainty and how his policy will look like he ends quarter for us on coincidences and corrections at the new york stock exchange thank you we'll get back to you later in the day. a leadership battle is brewing at samsung the air of one of the biggest world's. corporate empire is now out of jail judges shocking south korea's business and political establishments by suspending corruption sentence. he used a year behind bars to reflect will reflect with our asia correspondent in a moment first this report. bribery perjury embezzlement

just some of the charges in the long list levelled against a legion a young one up south korea's wealthiest and most influential managers nevertheless he served just one year of his five year sentence and is now free. again i feel very sorry to everyone for not showing my best side and it's been a really precious time for a year reflecting on myself that i will thoroughly check and do my best. to. lee was the subject of the biggest bribery scandal in south korean history in his first court case he was found guilty of bribing then president park geun hay in return for political favors the appeals court on monday dismissed most of the charges saying lee was coerced into making the payments more than three million dollars simply for horse riding lessons for the daughter of one of president park's friends two other samsung managers also had their sentences

commuted to probation leave the grandson of samsung's founder is estimated to be worth around eight billion dollars in twenty fourteen forbes magazine ranked him the thirty fifth most powerful person in the world. let's bring in hangouts singapore correspondent what's the public reaction in your part of the world. well it's a surprise all around even to lead himself as you can see from the video there's a lot of public outreach on the streets of seoul expressing this dealing with how the government is handling. reform with cheap balls all government or family owned conglomerates in korea and it's no wonder that they're angry because a lot of a lot of the senior officials including these own father in the past who has been pardoned for similar crimes in the past only to have his sentence reduced just four

months after the ruling how will this all affect ex-president pox bribery trial. well you know it's funny to think how it all started with the third great horse race on the serious note the judge didn't see that he found no power of business collusion and clearly in this case when gifted. a compass with the garbage horse in the past of twenty sunil now puck's own case is ongoing with a verdict to be out later this year and she's probably going to get a life sentence with this scandal weighing very heavily on that very well from the political side of this corporate dimension with live release samsung got a leadership battle on its hands. we it's not clear how leaves going to return in whether he's going to return is in the similar capacity at samsung scuse me whatever it it whatever the case commenters are saying that. it

will be chance this scandal will be a chance finally for change will stoop reform its copper governance act that being said samsung has been left in good hands while the was a we it rose shares rose forty one percent in twenty seven thousand during the trial itself and interesting stuff there an interesting analysis from asia correspondent based in singapore the european union's briggs and negotiator michaud bank he says the time has come for britain to make a choice of what sort of future relationship it really wants with the bloc he says without a customs union and outside the single market values to trade are unavoidable the u.k. wants the best of both worlds but he is in london ahead of the next phase of talks on leaving the view it will focus on the terms of a transition deal key issues including immigration and britain's ability to strike third party trade deals. garia has taken up the e.u.'s rotating presidency you know

what he's thinking so what well the nation isn't a role model economy it's dogged by organized crime and corruption and still has strong links to the russian oligarch you don't use christiane type went there for us. the city of vanna is bulgaria's largest port on the black sea. fleet pipeline sections were made in the german city of housing and have been delivered to a firm owned by the russian energy giant gazprom the port city is awash with rumors of what gazprom is doing here. sometimes make jokes here in bulgaria but the main thing that will be flowing through the south stream pipeline is russian corruption. local journalists busts of sees himself as a watchdog for good government and against political cronyism for years he's been

keeping a close eye on gas projects of a tease in the city. many of these pipeline sections have already been frighted out on special ships for about a year now work has been progressing to lay the turks stream pipeline across the black sea nine hundred kilometers in total. but is more than just a logistical hub the city attracts more russian tourists and business people than any other place in the e.u. russia has many friends here and still maintains full consular services involved. to many consulates and embassies reduce their staff or close their doors all together after the fall of communism in one thousand eight hundred nine. but the russian consulate. here. real estate agents know how attractive the russians find vanna russians own some eighty thousand homes here. real estate agent. says eight out of ten of her

customers come from russia today she's showing an apartment to a couple of pensioners from st petersburg all these very nice look at the view of the hill and the sea. the russians bring a lot of money into the region but with. the gas business comes corruption. also sits on the van a city council he's showing journalist the spot where gazprom has build a road straight through his vineyard illegally and without informing the relevant authorities agree or off says. this road is an example of the corruption that bring you know he. took an. absolutely this is part of the wave of corruption this road is just a small part of it it's not directly linked with vonage but it's been built in the church three avan

a municipality. suspect that bribed public servants somewhere in the central government allowed this road to go ahead. that seaside resort owned by moscow ivana has become a russian beachhead on the shores of europe the region may be profiting from russian money now but critics are warning of the future political costs. and just recapping our top stories for you the dow jones industrials can seems truth. walks free ice doing business with you.

predicting extreme weather events can prevent disasters. weather can be capricious can rapidly turn dangerous. scientists are trying to make me hear logical forecasts more precise claim. the latest advances in cloud research and how the drones can help predict the weather but tomorrow to do next d w.

n jerk the conflict zones this week on conflict zone i miss them both to talk to russia come back should come myself so it is ruining fun b b a k p she speaks for apology on human rights and is also the film's confident president out of the government positions military operations in syria and continues to crack down on civil liberties through his principle complex on sunday doubling. every journey begins with the first step and every language but the first word emerged and. nicole is in germany to learn german why not learn to spell simple online on your mobile and free to suffer. learning course nico speak german mating z. . it's food for ten thousand three hundred fifteen days and that's been good for ten thousand three hundred fifty. it once divided east in west germany the

berlin wall. an entire generation is growing up without it but it still casts a long shadow. the berlin wall is long gone but is it really our focus today indeed yes. you're tuned into tomorrow today coming up this week. new lease of life for cardiac patients research or develop an artificial heart. raindrops form glimpses into the secret lives of clouds. found the future of forecasting roads that could improve weather prediction. welcome to the show. over fifty years ago.