german cities can now ban diesel cars for downtown areas that's the latest court ruling that should help cities bring down excessive levels of pollution but the decision could have huge consequences for germany's auto industry we'll tell you why polls on the program john f. kennedy and female castro shared a passion for them we'll take a look at the iconic industry of cuban cigars and how it's dealing with new u.s. sanctions. it's time for business on the w. and how you got to get us welcome to the show a court in the german city of lights has allowed german cities to ban diesel cars from downtown areas it's the latest development in a nationwide debate while cities like stock got celebrate this decision business owners are worried about the immediate consequences of the ruling those who oppose it say it's not the right solution for cleaner air. the idea of small can normally conjures up notions of bustling capitals but lynn is just one of seventeen german cities notorious for breaking legal air pollution limits could

city centers across the country soon be no go areas for millions of cars. over in frankfurt used car dealer marcelled l r ball is only too aware of the diesel problem his yard is full of cars waiting for buyers the main difference between them one type sells well the other doesn't. as i mean any prize or the last year prices have been falling dramatically along with demand in some cases demand has fallen by ninety percent the prices have come through and i reckon about twenty five percent of what's happened today it means prices will go down again we'll have to see how things develop i think sales will come to a standstill. that's and for i in fact stock. car makers marketed diesels as the environmentally friendly choice they burn less fuel per

mile and emit less carbon dioxide no wonder one in three cars on german roads is a diesel car owners rely on them to get to work businesses for regular deliveries with a band those who place their trust in manufacturers would end up paying the price but some are welcoming the news whenever wonderful it's about time for the city center to just be made car free that would be super before the things immediately their dirty water. manufacturers are confident a general ban on diesel cars will never materialise the car industry lobby group v d f a says even partial measures could be damaging. to. the decisions problem is that different cities could have differing regulation. it this concerns us because a patchwork of different regulations in place that would obviously confuse rivals.

that's why we hope for a reasonable nationwide regulation. if you could or couldn't. diesels will stay on german streets for now whether they'll be restricted in some fashion is another matter. dizzle bans could be seen as another useful tool for cities in their fight against out of control air pollution but how to implement them without disrupting business or harming economic growth is it enough to exempt certain streets all vehicles vital to business cities across germany will now be asking themselves these questions. in the u.s. to rome powell is kicking off his tenure as fed chair with a hawkish tone in his first report to the u.s. congress he said that interest rate hikes could be necessary to stop the economy overheating markets declined on the use as investors speculate on the possibility of four rate increases in twenty eighteen inflation is expected to pick up pace as

the economy grows and president trump stimulus measures take effect many factors. listening very closely to that speech was our financial correspondent on wall street yes it's good to see you well yes we know that first impressions count so what was that first impression of general powell on wall street. well jerome paul seems to prefer a clear language other than his predecessors ben bernanke and janitor yellen he is not necessarily an academic he's a trained to a lawyer later he worked as an investment banker and by the way he also sort of mentioned that it might be the right time to loosen financial regulations some quite a bit but he is pretty transparent and that is also what we saw under jenin and also under ben bernanke you know yes let's talk about that economic policy about

what's ahead what can we expect for the u.s. economy and especially for that possible fourth interest rate hike. yeah that's what paul hinted at or at least to me he opened the door a tiny bit that we might even see a four interest rate increases this year well he doesn't know we don't know nobody really knows how many increases we will get because that depends on the course of the u.s. and global economy and especially also where inflation moves talking about inflation didn't mention that way just went up a quite a bit in the recent past and might continue to do so and that could be one stone that might move the federal reserve to be a bit more aggressive with interest rate increase but as i said nobody really knows at this time but he did sound a bit more hawkish then people lately expected him to be and that did cause some turmoil here at the markets we saw the yield of the ten year note gaining we saw

the dollar increasing and we saw a bit of pressure on a stock prices on the other side down by almost three hundred points is cause here in new york thank you very much for the analysis when crops fail farmers' livelihoods are at risk more than twelve thousand indian farm workers took their own lives in twenty fourteen that's according to the latest official statistics the top reason for the deaths crop failures and you company is hoping to reduce the impact by providing farmers with a stable income reporter christan woman spoke to some of them. i took out a loan from the bank for the second time. i used it to invest in my crown but the rains have destroyed all of. cumulated so much that i cannot read that i felt that

if i died well at least then my wife and children would receive some help from the government so i attempted suicide by consuming pesticide of. india's farmers are suffering under the effects of climate change extreme weather such as heat waves droughts all floods and destroying any idea that's super disturbing because i think that's the. how do you put it that's the sign of hopelessness. despair and. why would any farmer warn their kids to come and fight me if this see that their fellow farmers are moving into that kind of a hopeless and. katie a start up from hyderabad he's hoping to give these small holders a future providing reliable crop yields despite the uncertain climate the company has developed

a cheap modular greenhouse in open food if you use fifty liters of water to grow one kilogram of vegetables inside the greenhouse just one liter that's one aspect farmers find a great value with this greenhouse grow more with less water apart from the greenhouse katie offers up the services farmers in the region can get advice on taking out a loan or own choosing the right fertiliser or seeds the aim is to make harvests more reliable. i think healed here is higher in outdoor farming it's very low if this were growing outdoors where the crops would have been destroyed already by the rains. it would have been a total loss of them upon the someone. the company has set up fifty such greenhouses. demand is high. now katie needs the

infrastructure to give farmers from across the country access to that business model. cuba is trying to cope with a new reality after u.s. sanctions imposed on its exports came soon after relations had just started to improve but the cigar industry in cuba has grown steadily that's in part thanks to the search for other markets most recently yes you guessed it china. an icon of cuba no not fidel castro his cigar something the communist dictator had in common with u.s. president john f. kennedy who ordered twelve hundred cuban studies before blockading the island during the cold war. ties aren't quite so bad nowadays but the economic boycott is still in place so cuba has to look elsewhere for exports that's good news for aficionados in countries like canada for them anything but a cuban is close but no cigar as far as the passion and the dedication. of the

cigar it's really crafted in cuba which is different i think any place else it's. the place to be is have his annual signoff estable which draws visitors from fifty countries to place orders and sample latest offerings and more and more of those sales are headed for china. the government sells its a car through a panos it's a joint venture with britain's imperial tobacco and this year it hit a milestone. when you're living in terms of worldwide sales reached the historic figure of five hundred million dollars for the first time with twelve percent growth compared to twenty sixteen at a constant exchange rate it's a spectacular result. so cuba's cigar sales are on a roll even if its neighbor to the north isn't buying. it that was your business update thanks for joining us you next time in the back.

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