there's more world news on the top of the coming up shortly suspicions of corruption a top official of the european central bank has been detained a hell of a humphrey will have facts on the rest of the day's business news in just a moment. on freedom and the whole. world i come from the region is rich in history started on talent pool or any job creation opportunity and freedom this makes it especially difficult for him depend on drugs i see many of the younger promising journalists who are now making names for themselves all over the. song margaret along the way

some might follow. with continued. experience or freedom in a sense is like that few minutes of bury your car and visited your car come back home. my name is you're from florida and i work and if you don't pick. up the car. in a halt what's a top official at the european central bank to take and not anti corruption agency questions the country's central bank governor amid accusations of bribery and money laundering. also coming up get him up to speed when it comes to the internet germany's still lagging behind in the dark ages could

a digital minister help the country play catch up. and wearing your heart on your sleeve on your skin japanese research has come up with an ultra thin stick on display to show patience vital signs. this is your business update on how in a home free in berlin thanks for joining me. the governor of latvia's essential bank in modern save it was detained on sunday after being questioned by anti corruption with ortiz there him say which is also a member of the european central bank's governing body he was questioned for our was and made accusations of bribery a money don't bring in the country's financial system. that feels top banking official illness from savage arriving at the country's anti-corruption agency from savage seen here wearing a cap was questioned by authorities after they raided his offices and property it's unclear exactly what charges he is facing but the news comes a week after u.s. authorities proposed banning one of his largest private banks a.b.l.

the bank for allegedly to north korea latvia's finance minister sought to offer reassurance with. i can assure you that a lot in finance system is stable banks don't have liquidity issues so depositors can feel completely safe in a sense that the bigger flow of the small movie i have ever used is going on to achieve you know i think in order to protect the finance sector stability and reputation i think that room sivits should resign from his post while the investigation is ongoing now comes not to the latvian prime minister has also called for him savage to step down but markets are still likely to remain uneasy about the state of black his banking system on monday the e.c.b. said it was stopping all a.b.l. the bank payments amid the u.s. investigation and whether in savage case isn't linked to the a.b.l. the probe it calls beyond the country's borders as a member of the e.c. peace governing body savage has access to confidential information relating to

europe's most powerful financial institution and of course a financial correspondent claim about abuse and is tracking the story for us from frankfurt the home of course of the e.c.b. so i asked him what forward out these corruption allegations could end up having. well we go know exactly why the. corrupt investigators in latvia have arrested and interrogated of the central bank. is loyal. fans are about something that happened years ago so it remains open whether all those who do will. be. against north korea. the european central bank has imposed upon humans moratorium but whatever it is. raises about the us system on the european central bank in.

any other game now are not the cases of corruption and money laundering in latin in the lab and banking system so one has to of rather. control. our financial correspondent can add who's in frankfurt there now germany is one of the world's top exporters but when it comes to digital infrastructure you might be surprised to learn it is still lagging way behind to take the internet for example most states are still carried by underground copper cables which have been there for decades the coalition agreement between germany is still not official new government specifies that every person living in the country should have access to high speed data networks by twenty twenty five it's hard to make anything anymore without access to the internet. it's what startups are all about and central to the operations of mid-sized companies and major corporations alike. but

many places in germany outside the big cities suffer from slow connections germany is virtually a developing country when it comes to super fast fiber optic cables. in japan over three quarters of all broadband connections are over fiber optic cables. latvia leads europe though with over sixty percent via fiber optics by comparison the average for all always nations is slightly over twenty two percent but here in germany only about two percent of broadband is delivered via fiberoptics. many businesses are frustrated with berlin because there has been little progress over the last few years there have been ambitious initiatives by earlier governments but investment remains lacking. well joining me now in the studio is yanina mit says she's a board member of the german startups association and

a startup founder herself and last week that association launched a petition calling for the creation of a digital ministry in germany good to see danny and i thank you for coming in how could a digital minister help bring germany up to date so as we saw in your film germany's leaving behind invitation in so many ways no matter if it's about economic transformation. governor men are the to tell if you're cation and we think that central person responsible no matter if it's a minister or a secretary of state in the chancellor it would help to to to bundle all the efforts in the total affairs to other countries have a digital minister they do so if we look at friends at u.k. at poland austria we see that they already put in place central person for these digital transformation process and if you could then have sort of an agenda for this digital minister what would you like them to implement first would it be a case of faster broadband simply more cash research what's needed i

think it's probably a combination of all of it and especially a change in mindset so i think that we cannot tackle a lot of the biggest challenge in our society with doing everything that we always did and you name the broadband for example as a digital infrastructure would be very important that we accelerate our commitment in these fields where you are the board member of the german startups association but if you could just change happens for a minute you're also a startup found yourself in your experience has there been a moment where you have felt held back in your company because of a lack of digital infrastructure can you give an example i think if you look at startups there's always two crew for things that it's always about money and it's about people and if we look at money i would say that we have a good start of ecosystem when it's about seed. investments bad whenever it's about growth capital so when the need of more capital is there for a start of we all saw way behind the what the u.s.

market could probably provide is quite interesting that you mention people that because most people when they think about this they're thinking about you know cable's i think about networks so is germany lagging behind when it comes to the development of personnel in these industries is this also about education i would say so so if i look for example my own company we are tech company but in base tech company but we hire almost every second developer from approach just because we don't find the right people within germany and we're certainly seeing now in berlin itself when we look at the startup scene then so you're getting the sense that companies are getting further ahead than germany in this area would you say that germany is lagging behind in terms of business potential i see a problem definitely and i also don't see that we change if you cation the plans in these digital fields at the moment coding for example holding for example those countries like belgium or japan who train coding even in the mentor school and at

the family needed yes even or just this petition who signed up and what do you think its chances of success are to actually see a digital ministry anytime soon so we launched this petition last week and more than forty. associations already joined us and we have reached almost ten thousand votes on this petition already our goal is fifty thousand and i'm pretty optimistic that we can reach that oh right you know it's a board member of the german startups association which norge that petition calling for a digital ministry here in germany thank you. japan has posted strong growth in both exports and imports mean a continuation of the expansion same in twenty seventeen when the japanese economy grew at its fastest pace in thirty years now and january japan ended up booking its first trade deficit in eight months strong consumer spending and a rise in the price of crude and natural gas meant that more was spent on imports

and exports with the trade balance deficit ringing at almost eight point nine billion dollars last month not said the deficit was slightly lower than expected according to the finance ministry. well meanwhile here's something that could soon be a japanese export a group of researches in the country has developed a thin lastic display that can be pasted directly on to human skin university of tokyo professor who came up with the display says it will improve and even save lives. the display is about one millimeter thick and consists of micro l.-e. d.'s embedded in a rubber sheet it measures just six by ten centimeters just the right size to stick on the back of a hand the developers promise the monitor won't cause discomfort to users it can be adhered to any flexible areas of the body. this can display will allow everyone to access information on vital functions much more easily than ever before the purpose

of the display is to help improve people's quality of life. the device has direct applications in hospitals where patients can wear the display and sensors will allow doctors to read information like the patients electrocardiogram that's why it's hard not to like this sticky little flexible monitor. that's it you're up to date with the latest from the world over business from or find us on facebook follow us on twitter. under school business on there as well head on the sea home free is my hand leno will be back in an hour to bring you all the latest until then here's a real time check on the global markets at this hour and so watching about buying.

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