prevent a trade war with the u.s. . and we'll be covering the chancellor speech to parliament by coming up in the next hour here watching the news still to come south africa's wine producers are praying for rain a catastrophic drought threatens one of the leading whynot in the world. chris has that story coming right up. they make a commitment. they find solutions. they inspire. africa on the. stories of people making a difference shaping their nation. and their continent africa on the

move their stories about motivational change makers taking their destinies into their own hands b.t.w. his new multimedia series for go. w. dot com africa. we're going to. germany's leading economists elevate their economic forecast for twenty eighteen but also see your risks increasing or get the word from one of the members of the economic council advising on the american government program regulators are tightening the screws on facebook as the fifty million years or as may have been compromised many are asking where is mark zuckerberg. this business i'm christopher welcome. and we start the show with breaking news the european union has approved buyers a buyout of monsanto under conditions the e.u.

antitrust commissioner says buyer will have to shed some seven and a half billion dollars in firms and other remedies to ensure fair competition in the market market vester also said the move would meet the competition concerns in full and that's poised to be one of the biggest corporate takeover so far on santa accepted a fifty seven billion dollar take over bid from the german chemicals giant buyer. now germany's economy has been booming for the past eight years and there's still no end in sight but the country's economic experts warn that the risks have increased the worldwide high time to buckle up. full order books increasing exports and too few qualified workers to cope with the high demand that's not just the case for this company but for many firms in germany according to the german government's council of experts the economy is projected to grow by two point three percent this

year but experts warn the international risks are a threat not just for germany but also for the global economy especially dangerous would be an escalation of the trade dispute between the u.s. and the rest of the world another threat is a messy breck's a divorce that would impact both the e.u. and britain loose monetary policy could create new bubbles worldwide debt is especially high for example in italy a resurgence of the eurozone crisis could happen it any time. a loose monetary policy would not solve the problem cheap loans have taken the pressure off many crisis stricken countries to reform that's why in germany economic experts are pushing for a quick end to low interest rates they say the interest rate should only be increased slowly to prevent the economic engine from stalling. for more i'm joined by is a novelist she's a member of the german council of economic experts which is vising the german government is about good to have you with us. tell us what is ball string german

and for that matter european economic growth as a german economic growth has been increased quite for quite some time and in the past this was driven by an increase in consumption but what we see now is that external factors have become more and more important so the recent upward revision that we've had we've had in the us is a menu driven by a globe a trait and speaking of external factors and trade the potential fresh u.s. tears on steel and aluminum are looming there are set to come into effect on friday what sort of impact would they have on the german to. and so these terrorists themselves will probably have a rather small impact but the big danger is that there will be a spiral of protectionist measures so that there will be additional terrorist

nation and so on so it's very important to avoid to trade war because this would be very detrimental for economic growth in the word and also in germany now the e.u. has already announced retaliatory measures so from your point of view that's not a smart move while i think some type of retaliation is important of course this has to take place in the context of the w t o routes but in general i think we should enter into negotiations in order to get to lower terrorists rather than higher tariffs and i mean the used trade commissioner is in washington for talks with. u.s. officials rather what do you make of that do you think these attempts will be successful in the end and i hope so it's very hard to predict with president trump you know that is certainly a factor now the economic situation in the entire euro zone has also been improving is this

a profound upper trend we're seeing here i mean we have to be aware of the fact that a large part of that is of course driven by the loose monetary policy but given the very robust economic growth and rising inflation it's clear that at some point this monetary expansion has to end and so of course this will lead to then rising interest rates and this may actually end the current but i want to get to the monetary policy in a moment just let me come back to the whole issue of global trade i mean obviously the german economy is very much dependent on on its exports with this threat of u.s. terrorist looming do you see other nations within the euro zone that could be. it quite heavily by these measures so actually i think the entire euro area is going to be affected so all these countries are heavily involved in the global supply chain so everybody in the end will be affected now you are calling for

a tighter monetary policy by the european central bank what should be the conditions under which this policy should be enforced so in fact the conditions of already there we see that output gaps have closed we see that inflation is rising slowly but steadily we also see that financial risks are rising and therefore we think that the time has come to end bond purchasing programs and to exit this type of monetary policy now and briefly if you can the small steps that the e.c.b. has been taking in the past are are they sufficient so in our view they are moving too slowly but at least these are steps in the right direction is of us novel of the german council for economic konami experts i thank you so much for your visit and your insight here on the double. and it's turbulent times over a b.m.w. prosecutors raid at the company's headquarters on tuesday as they search for

evidence in the ongoing diesel scandal b.m.w. c.e.o. khalid krieger says the company's diesel vehicles were not manipulated not today's publishing of the twenty seven thousand financial results are in stark contrast to the company's little worries b.m.w. posted record profits of ten point seven billion euros for last year just by saying its spend big on e-car research and development company believes that twenty eighteen will be their ninth record year in a row. europe versus silicon valley the european commission is set to present its proposals on wednesday in the fight against tax loopholes for internet giants like apple google and amazon the brussels agency wants to fundamentally shake up the tax model for internet companies and adapt the tax system to the digital age tech companies like google pay far less taxes in europe than traditional industries do the achieve this by locating their businesses in places where they get a tax advantage facebook for example has its international headquarters in ireland

the e.u. commission is now calling for tech companies to pay taxes wherever they sell their products. and regulators are putting new pressure on facebook in the wake of its dealings with cambridge analytic of the company says that it's specs to be questioned by the leading u.s. consumer regular agency over the data acquired by more than fifty million facebook profiles facebook's shares have plummeted over the last two days the company has now lost sixty billion of its stock market value in the wake of fears about lost advertising and new regulations facebook was also hit with a class action lawsuit in san francisco court on tuesday the first of many potential lawsuits by shareholders claiming losses because the company misled them about its ability to protect user data south africa has declared its current drought

a national disaster water levels are so low people are only allowed minimal quantities especially in big cities stis doesn't only affect the everyday lives but of course businesses as well south africa's wine industry one of the leading worldwide is among the ones hardest hit. if three year long drought in the western cape has caused the region's dams to reach critically low water levels prompting the government to declare a national disaster individuals are being limited to just fifty liters a day to proving to shut off water restrictions have not just hit families but businesses too including the region's waldron noun wine industry where there's just more to start. because there is water and it's really actually improves quality to this is an extent but it's not resistor because the smaller it is healed so you have a smaller august house and when you asked me was yes it's more to sell in there so

it is natural that. wind production has slumped by about twenty percent over the last twelve months forcing winemakers like mad lease to consider vines that require less water. obviously looking into getting caught it was consistent with the drought as far as costing as. well as and hold in the last dozen years or so i think this will be a general shaft first it's very difficult because the market doesn't know where is this one's. fruit growers are also feeling the brunt with industry bodies warning that thousands of jobs are on the line. situations like this these are very big focus on cutting cost as well. because you don't know what next year will. be will be a negative impact on usage it seems the efforts have paid off with the estimate for

the so-called days zero when taps run dry pushed back from next month to twenty nine thousand in the meantime so that's because wine industry can only hope for a little rain to make up the shortfall. and dress up this edition of business for more check out our social media feeds and our website that's d.w. dot com slash business for me and the entire team here in berlin thanks for watching before you go here's a look at how markets are trading at the south. korea .

was an industrial power house with the famous to pull. through. but the heyday of cold steel and heavy industry long gone i want to find out how all of this past and present shapes the city to this day. exposed the city's rough and ready chunk of her out. by the hour of every journey begins with the first step and every language from the first

word emerged and he. is in germany to learn german and why not learn english simple online on your mobile and shop. learning course from. because big german made easy. germany state by state. the most colorful. the longest. the most traditional. any time. check in with a web special. take a tour of germany state by state d. w. dot com. you're going to an official estimates more than one point two million venezuelans live in colombia neatly and illegally. but.

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