this week saw the biggest seven day fall in global stocks in the past six years on monday the dow jones tumbled as much as sixteen hundred points a record for a day's trading paradoxically analysts saw good u.s. economic data the previous week as part of the reason for the sharp drop closing was tough and in the past couple of days has been little bit of a hangover from those friday's pharaoh's numbers and in particular the shot draw is in wage growth and that i think has really crystallized concerns the federal reserve on a much. tightening cycle and that's pushed bond yields up but it's also put pressure on the u.s. stock mall case and not only u.s. markets the panic spread to asia where investors went on a selling spree on tuesday tokyo's nikkei index fell by nearly six percent. this is a normal it's probably because of the plunge in the u.s.

i thought the economy was in good shape with share prices going up but a sudden drop like this makes the future outlook unclear. the stock prices went up too far without reason it's time to hold tight and there were big losses in europe too although shares recovered slightly on wednesday only to slide again later in the week analysts tried to look on the bright side. because in through we went up too fast twenty one percent last year in the u.s. alone really can no one knew when a correction would come but one thing is clear the fundamentals are stable so we don't have to fear that it's going to keep going down divide to. get the weak final tally hung khans hang saying lost more than nine percent somewhat less than japan's nikkei and the depths in frankfurt. u.s. stocks gained on friday but the wild week of losses seem to prove the cliche that stocks take the stairs up and the elevator down. after

a marathon session germany's conservatives and social democrats struck a deal on forming a coalition government the grand coalition would keep america as chancellor the social democrats are to receive several top cabinet posts and the interior ministry will go to america's bavarian allies the c.s.u. they praise the agreement. on the sea but on september the one reads these one hundred seventy seven pages and i hope they will be widely read it will see that what we are proposing is good for the people of our country in the fall. but the optimism that the three leaders tried to convey is not entirely shared by the german business community industry associations complain that hoped for corporate tax cuts were not written into the deal. and they say the new agreement will end up making firms pay billions more to help insurers. employers also reject tighter restrictions on temporary job contracts they say don't make it harder to

react flexibly to the ups and downs of the economy. it's a screening together of costs regulations and additional changes for the worst especially compared to the program agreed in the initial talks between the parties and i go by them of course that this is significantly worse based on. business representatives responded positively to a vow to expand internet connectivity but found fault with the timeframe which would guarantee fast broadband throughout the country by two thousand and twenty five too little too late they say assistant options in the standpoint of german industry we can't be happy with this risk it's much more about redistribution than about creating the conditions for more prosperity than on bush trying to unions have signalled cautious approval of the agreement including moves to raise child benefits and invest more in schools than a schooling or mit if the coalition agreement succeeds in improving millions of people's lives. whether it's

a nursing or now education or in pensions as both and that would be a very positive signal of change in our society from the positive side to begin was like a special but for business lobby groups that is not a positive signal they want more investment in research and development in future oriented technologies like artificial intelligence otherwise they say the german economy will find itself lacking behind. after serving jail time on charges including bribery perjury and embezzlement one of south korea's wealthiest and most influential managers was released on monday lee j. young also known as jay wiley served just one year of his original five year sentence . over the room with a working girl again i feel very sorry to everyone for not showing my best side. new york to her and it's been

a really important year for reflecting on myself i'm going to do that i will thoroughly check in and do my best in the future. believe was embroiled in the biggest bribery scandal in south korean history. in his first trial he was found guilty of bribing the country's then president going hey an appeals court dismissed most of the charges including that payments for a horse for the daughter of one of president pacs friends were made in return for political favors to others some song managers also had their sentences suspended li is the grandson of some sons founder his fortune is estimated at around eight billion dollars in twenty fourteen forbes magazine ranked in the thirty fifth most powerful person in the world. u.s. justice officials say they've struck a major blow against an international cyber crime ring thirty six people were

charged with offenses linked to credit card and personal identity fraud thirteen members of an organization called in fraud were arrested in the u.s. australia britain france kosovo and serbia. investigators say the syndicate was a key hub for credit card fraud. it's believed to have caused more than five hundred million dollars in losses. german exports hit an all time high for twenty seventeen figures released this week show that germany shipped close to one point three trillion euros worth of goods an increase of more than six percent compared to the previous year's already record figures at the same time imports increased in twenty seven thousand to just over a trillion euros that's slightly narrow germany's high trade surplus which has drawn fire recently from the u.s. and other trading partners. germany's biggest industrial union reached an

agreement with employers in a dispute that led to a series of walkouts last week. the i.g. mittal union and employers in southwestern germany have agreed on a four point three percent wage hike. the deal also allows more flexible working hours enabling employees to choose to work as little as twenty eight hours a week the deal covers nearly one million employees and could be extended across the country. tuesday saw the successful launch of the world's most powerful unmanned rocket the falcon heavy made by ilan musk's private company space x. is capable of five million pounds of thrust and twice the payload of the current record holder this one lifted off with a red tesla roadster and an astronaut mannequin and released them into a solar orbit that could take them beyond mars.

crops throughout africa are under threat from river racialist larva the fall army were here in malawi farmers try to repel the past with mixtures of chili pepper and salt commercial insecticides have proven ineffective the crop munching pests arrived in nigeria in twenty sixteen and spread quickly there are now affecting harvests in almost every sub-saharan country last year the infected at least half of malawi's corn fields the plague has compounded the problem of the country's ongoing dry spell. but when we use this local concoction the fall army worms die instantly. so if all the farming families adopted this local pesticide we could rescue the remaining crop in the field. i disagree because then the farmers would have some harvest which i mean that you don't. the fall army were burrows into the plant and is often only spotted when it emerges once the damage is done it also builds up resistance to chemicals. the

insect eats around eighty different plants but corn is its favorite if left uncontrolled the army were and could destroy up to twenty percent of the sub's a hard corn crop. german national carrier lufthansa unveiled a new design this week this is what it looked like back in the one nine hundred twenty s. the plane sported the flying crane emblem and the company name in uppercase letters outside along with lots of luxury inside. the one nine hundred fifty s. a more female flight attendants hold up a dark stripe the black crane logo remain. in the one nine hundred sixty s. record profits in germany is postwar economic boom permitted a new livery design. look at times it became positively garish with a blue and yellow stripe and

a yellow background for the crane. but that iconic symbol is now about to be history in future the tale will sport and white crane on a blue background the gray underbelly will turn white although it will be some time before all three hundred thirty aircraft in love chances fleet have been repainted the airline expects the costly redesign to take seven years not only the planes but the uniforms accessories and even switches have to be redone. the familiar warm yellow will gradually disappear from planes and service areas to the sorrow of many design enthusiastic who consider the new look cold and commercial. look tons of current design has been unchanged since one nine hundred eighty eight and the unusually long time for an airline in twenty seventeen lufthansa carried one hundred thirty million passengers making it europe's largest airline in terms of tickets sold and its coffers are

well filled with tons of spending six billion euros on expanding its brand and its reach blue and white bodies are not unusual in the industry like scandinavian airlines s.a.'s or fin air which underwent a facelift in twenty eleven its new look included a modified logo and font as well as a new paint job new cabin design livery and service areas. all of that cost the airline an estimated ten million euros. chances new blue will be very exclusive the color was developed especially for the airline. and that ends our roundup of the week's business stories.

what does a football loving country to reach its goals. will tell you our german soccer made it back to the top. in our web special. dot com football made in germany. crime fighter the new season of radio crime thriller. domestic violence. and trafficking for investigators cases that you want to toast. the best idea ever so every young person needs to listen to crime fighter . fighters. climate change. waist length pollution.

isn't it time for good news eco africa people and projects that are changing our lives are meant for the best earth it's up to us to make a difference let him split each other. he could be environment magazine placed. d.w. . could be good to stay in good shape return intending sneer and you can win this school and fitness backpack if you want to know what's inside it is it all. good to have to turn into the most favorite holmgren's into my coffee. mamie no will get a chance to do so. good luck.