volatility is back u.s. stocks are raising all of this year's gains the dow hammered by a. day point in its history we'll get more. also coming up. goes from strength to strength despite the diesel gate scandal now with. output in africa. and with bold garia having taken up the e.u. presidency critics accuse the government of failing to find rampant corruption. and daniel winter in berlin this is your business update the global financial markets push stocks further into the red in monday's session u.s. markets a raising day gains for this year the dow down by the end of the trading more than four and a half percent s. and p. five hundred dropping by four as well in fact friday saw the biggest weekly drop on

the new york stock exchange in two years stoked by inflation fears the equity slump carried over the weekend and spread around the world on monday hitting both asia and europe. and the quarter is on wall street for us. what exactly went wrong triggering this selloff. that's what people are still trying to figure out point lost five hundred points within two minutes that is certainly not your usual trading session was a. so automated trading that kind of really put the pressure on nobody really knows at this point but the overall picture is that we see a big change in the bond market we see it yields increasing and if you look at corporations they finance themselves through the credit markets they certainly did so in the past couple of years and now with rates that was yields increasing debt

becomes more expensive and there is some rebalancing going on so that's also going to be the big questions will bond prices and also raids stabilize at this point or not so this is a broad selloff who's losing out on all of this is it is it getting everyone. and well i mean there are also people who are actually quite excited about those moves if you look at the traders here on wall street for example they don't really make their money when we're slowly crawling up they make money was high wall of chile to you was big changes with high volume either to the dollar or to the upside and also short sellers saw investors betting on stock prices to fall they also profit but the vast majority for sure they're losing out big pension funds of big investors and first certain all the retail investors ok so there are some winners today as well now money will get tighter this year that's the prediction over the fed

raising rates and we're going to see at some point and end to monetary stimulus and there's even worries of an overheating economy in the u.s. now is this just a simple selloff that we're seeing or are we looking at a sea change in the markets at least compared to the last two years. well not even two of the past two but probably even to the past ten years what we might be seeing and that's really interesting the market is reacting not so negatively because the economy is doing poorly but quite the contrary because the economy is doing so nicely and we might see some inflation pressure meaning the federal reserve and other central banks around the globe might also become more aggressive and that certainly could become a sea change so could we do not know yet and it will be very interesting to see what's going to happen on tuesday if markets established or if the pressure will continue but overall yes central banks all around the grope probably will become

a bit more aggressive and that might cause message changes also on the markets seems the baz are starting to salivate against thank you very much for that. opening statements begin today in a san francisco caught battle between the ride hailing service buba and way mo that's the self driving car technology company owned by alphabet claims that one of its former engineers took more than fourteen thousand confidential files before he went to lead in car unit twenty sixteen the case hinges on whether to use these trade secrets to advance its autonomous vehicle program. africa barely makes a dent in the balance sheet but with rapid growth on the continent it could become ever more important to competition with rival foreigners there is hotting up w. announcing it will double production at its plant in kenya it's also expanding into

rwanda and could launch a new model in the east african region soon now we're only talking a few hundred cars but these moves show folks flooding taking cautious further steps into the continental market. the folks back in factory on the outskirts of nairobi b.w. is already producing its polo viva model here it is assembled from pre-manufactured parts which is sourced in south africa if all goes well kenya's government says the plan is to expand production here dramatically that would eventually include assembling another v.w. model a small off road vehicle but suited for the local driving conditions but there are risks involved for germany's fox bogen first japanese brands are already very popular in kenya and while it is true that the middle class is growing many of the country's forty five million people still do not earn enough to afford a new car so can your remains a market for used cars not new ones. now this next story really gives

a new meaning to shopping on the fly and indian airport hoping to cash in on passengers eager to skip a supermarket trip after a long flight it sells and even grows its own vegetables. okra beans ash gourd all freshly picked the vegetables are grown and harvested by hand that coach an international airport in corolla right next to the airport's photovoltaic panels staff get the first chance to buy the fresh produce whatever's left is sold to passengers but i believe i have traveled to several different countries and i can see that it's quite convenient and useful to get vegetables from the org since the water used to clean the solar panels does not contain detergent it can be used to irrigate the crops below the moisture retained in the soil by the plant roots also helps to keep the panels dust free and saves the cost

of the weeding the land the airport's vegetable out put through to nearly eighty tons in twenty seventeen authorities now plan to extend the commercial cultivation to more vacant land at the airport. alex had back over to hear europe garriott has taken up the a use rotating presidency but the country isn't exactly a role model it's dogged by organized crime and corruption and still has strong links to the russian oligarchy w.'s christiane trip up went that far. the city of vanna is bulgaria's largest port on the black sea. 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 problem is doing here. we

sometimes make jokes here in bulgaria but the main thing that will be flowing through the south stream pipeline is russian corruption. local journalists past spots 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 turk stream pipeline across the black sea nine hundred kilometers in total. but 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 environ a. good many consulates and embassies reduce their staff or close their doors all together after the fall of communism

and nine hundred ninety 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 to see. the russians bring a lot of money into the region. but with the gas business comes corruption. also sits on the vine a city council he's showing journalist the spot spot software gazprom has built 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. took a. little child so loosely 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 of the municipality. suspect that bribed public servants somewhere in the central government allowed this road to go ahead. as seaside resort owned by moscow vonna 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 that's all your business if you want more check us out on social media just. business i'll be back with the same place same time until then i'm in the business. thank you very much for watching.

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