trump capture the u.s. presidency. conahan free will have that story coming right up and business. every journey begins with the first step and every language with the first word emerged in the. new coaches in germany to learn german and why not learn a simple online on your mobile and free shop w z learning course legal speak german made easy. germany state by state. the most colorful.

least. the most traditional. find it all at any time. check him with a web special. take a tour of germany state by state on d w dot com. a whistleblower catches facebook off guard with claims that fifty million users had their profiles plundered to help donald trump become president of the united states . and countdown to a trade war eighteen minutes is done to washington to try and secure exemptions from the terrorists that the trump administration has threatened to impose. this is your business update on how to humphrey glad you could join us now when a company announces a. a comprehensive internal and external review usually something has gone wrong

and facebook has done just that it's not showing a review in the wake of explosive whistleblower claims that they post on day two of fifty million uses was misused by britain's cambridge analytical in the twenty sixteen u.s. presidential election now facebook c.e.o. mark zuckerberg is facing some serious questions facebook's mark zuckerberg enjoys the limelight as much as the next guy had least when the news is good but as far as the latest data scandal is concerned he's keeping a low profile more than two years ago his company discovered that cambridge analytical was using a data leak to spy on fifty million of facebook's uses but facebook failed to inform those affected cambridge analytical was simply told to delete the data which according to media reports never happened instead facebook has opted to delete the accounts of those who brought the scandal to light people like chris wiley former

research director at cambridge analytical as part of an investigation by channel four news in the u.k. he described how the company worked a magic when i go and ask you i say hey if i give you a dollar two dollars could you fill out the survey for me just do it on the up and you say fine right i don't just capture what your responses are i capture all the information about you from facebook but also this app can crawl through your social network and captures all about data also so by you filling out my survey i capture three hundred records the users facebook friends were spied on without their consent of course their likes their gender their sexual orientation and political leanings everything was gathered on friday facebook announced it had suspended cambridge analytical but that's not enough for politicians in britain and the u.s. they now want to tackle the issue and confront those responsible from facebook.

now u.s. allies are scrambling to see exemptions from the terrorists the trumpet ministration has threatened to impose germany's economy minister is currently in washington for talks and the e.u. trade commissioner will join them tomorrow and the clock is ticking new u.s. import tariffs on steel and other media could be imposed as early as friday. the new tariffs come into force on friday and in some ways the german and european steel industries could simply sit back and relax after rules steel and aluminum make up only a very small proportion of european exports to the u.s. . and yet the e.u. will be the trading partner to be hit hardest by the new taxes the e.u. as a whole all twenty eight countries would have six point five billion dollars worth of steel and aluminum exports affected by the new tariffs it's followed by china with an export volume of around three billion dollars germany would pay taxes on a total of one point seven billion dollars worth of such exports each year making

it the country most affected from within the e.u. the fur institute warns that the new tariffs might terrill the beginning of a cascade of others which will spread across further sectors and countries and the european steel industry fears that europe may soon be flooded with cheap steel imports it being an alternative cheaper dumping ground. and we can speak to a fabby and live in the now he joins me in this studio he's from the i am k. macro economic policy institute at the hands book foundation thank you for being with us i think to think that you could say that you know the european union is worried when it dashes over to d.c. as it has done now what are its chances do you think of wrestling those tariffs off the table of an exception for the european union to be honest i really don't know. that you want some security conditions for a following exemption to those tariffs and we don't know what those security

conditions are really. it could be increases in women's arming expenditure by the european union but we just don't know and as long as we don't know we don't dream though the likelihood of getting exemption said i think the broader picture then the head of the i.m.f. christina got has said that if we look at the one nine hundred thirty s. the lesson from history is trade wars are on winnable do you subscribe to that view i think trade was on deed and winnable but we should perhaps not escalate or exaggerate the danger at the moment i don't see that we will see a repetition of what we saw in the one nine hundred thirty s. when we had this big depression was huge unemployment and so on so forth and also fascist regimes and the communism and totally tarion regimes and so i think we learnt the lesson and i think it's much smaller now the problem we beginning with was steel and we also have already had this kind of experience in two thousand to george bush the former us president also tried to impose tariffs on steel it didn't work out very well and i think we are not yet at a one nine hundred thirty s.

trade war scenario maybe not the one nine hundred thirty s. you know sort of depression scenario but let's be realistic at the end of the day the u.s. will potentially impose these tariffs the e.u. could retaliate and then we could see you know this tit for tat type of procedure that's a real risk though isn't it it is it is a risk but once when we go back to two thousand to two george bush we have both of course an opposition by the international community against those terrorists but also we see an opposition within the united states because most of my defectors are themselves consumers of steel like the car industry their prices will increase consumer prices will increase and they are already starting to be against those those tariffs and of course representatives in the respective districts of automotive manufacturers will say they don't want that and they would probably lose in the midterms so there's already in the opposition against those terrorists in

the united states. we take a step back from that trade war rhetoric some people say that this is just an attempt to reach dress and in balance for example the ran a ninety two billion dollar trade surplus against the united states in twenty sixteen in any way those terrorists from the european union towards the u.s. are actually highest so i mean can we say that trump perhaps has a point in a way he has a point because as you said we have the surpluses in the european union and we only have those surpluses since the euro crisis before that the european union as as an aggregate didn't have a surplus and special and not one viz a viz the united states and this is also there's also a real problem about steel we have a huge overcapacity in steel which everybody who knows about steel acknowledges so there are real problems but i think donald trump doesn't take those problems in a really corporative way he would have to get china and the european union others into one boat and by doing what he's actually doing he's stepping on a lot of feet and if we see indeed retaliation in terms of tariffs it will be us

but affect the u.s. consumers other u.s. produces which will be hurt and then the bottom line is that there will be more jobs lost in the united states by those terrorists than there will be gained in the into the small steel sector in the united states and very briefly what would the knock on effect of a trade will be for the global economy for global growth i think bill because that would be slow and perhaps even a little recession but we are not yet that so let's not exaggerate the risk at the moment i think we're right fabien in there from the i and k. macro economic policy institute at the hands booklet foundation thank you for your analysis. now tech giant apple is reported to be secretly developing its own micro l.-e. d. device displays at a plant in california that's according to bloomberg the report says apple's investing heavily into the project micro any disagreements are flat panel displays that are making gadgets thinner brighter and use less power compared with current

displays it could take up to three to five years before the screens appear on the market so far apple own designs chips for its mobile devices. and for more on this let's cross over to our financial correspondent do malone in frankfurt now good to see genelle no word from apple at the moment what people on the trading floor make of it. you know this is actually a story that went quiet for a while and seems out for surface now one of the key times that this was on the radar was four years ago when apple bought locke's two that's a taiwanese company that specializes in micro. even though at the time didn't make much fanfare about it as such investors were watching apple closely were waiting for this to come up now it also fits in with apple's vertical integration strategy meaning it's a push to develop more capabilities and else we know about trying to come up with the next big thing often this acetate investing more capital in in-house technology

as opposed to buying off the rack solutions even if the payoff could take a few years saying that however there's also been some speculation here that this could be a response to trump's trade tariffs given that apple has a lot of china exposure but given all has been investing in this technology for at least four years would seem to predate this issue now analysts also seem to think that the financial hit to apple. as a result of the punitive tariffs would be manageable indeed but given the current tensions it would probably hurt help more than it would hurt it to have more domestic production i'm joe what about those who supply outlet wondering how this news is going down with them. well they definitely don't think it's great we've seen the shares of sharp and japan displaying a drop on this news with some potential fallout also for the touch screen technology specialists in optics but the biggest hit of course would be to samsung samsung being. a market leader and is this is of course the industry standard for

the i phone ten and also it's also in the recently released s. nine so samsung delivered about ninety six percent of the d.s. last year and it would definitely feel the impact of micro l.c.d.'s coming onto the market and being dominated by apple two proprietary tech. front for us thank you. as that you're up to date with the latest from the business desk for more find us on facebook photos on twitter at school business right now here's a look at the global markets that's watching somebody. putting a. move. to. the to. the

to. cut cut cut cut. cut cut cut cut cut cut. cut. cut cut. cut cut cut cut cut cut. cut. automotive highlights and to. move on display in the geneva motor show. or sporting practical. for luxury as. carmakers are keen to show off their creme fraiche. take a tour around the geneva motor show bottom of the hour.

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the next generation about environmental protection. using all channels available to inspire people to take action and were determined to build something here for the next generation. global goods a multimedia environment series on d. w. . o. and welcome to driver the car show i b w coming up small gets all we take on honda each r.v. out for a spin. the latest version of a classy convertible the mazda m.x. five. and the newest designs in development such an even motor show. like a popcorn gets it might look.