don't forget you can always get to have your news on the go download or out from google play off of the app store that will give you access to all the latest news from around the world of push notifications for any breaking news you can also use the data you have to send us your photos and your videos. and helen humphrey will have a roundup of your business headlines of coming up in one minute. when i was. mean to about changing the world. but i was a woman in egypt some things turned out differently forced marriage genital mutilation humiliation. so i know all those ago we rebelled i used the

written word to stand up for women's rights i am now well also the freeboard of egypt starting april eighth. with different languages we fight for different things that's fine but we all stick up for freedom freedom of speech and freedom of press. giving freedom of choice global news that matters w made for minds. of. looking up germany's leading economists it elevated the economic calls for twenty eight albeit cautiously risks to the global economy all increasing they say we find out why. europe gets tough on tech industry tax dodgers russell sets out plans to close it down. take just pushing it on

a collision course with silicon valley. this is your business update on having a home for thanks for joining me now the european union has given the green light to the german chemical company buy in its buy out all of us monsanto on the conditions the e.u. antitrust commissioner says by will have to shed some seven and a halt billion dollars in firms and all the remedies to ensure fair competition in the market market has to judge also said that the move would meet the use competition concerns in full and was poised to be one of the biggest corporate takeovers so far monsanto accepted fifty seven billion dollars from the german chemicals giant by zero must also be approved in the united states. well for more on this let's bring in our financial correspondent do my lound in frankfurt now. genelle this is such

a big merger how much market dominance will this new company end up having. well you said it yourself helena fifty seven billion dollars that's definitely a big deal and one that will create the largest integrated seeds and pesticides company in the world cornering about a quarter of the world's seeds and pesticides market now the scale of this deal is perhaps only rivaled by the level of resistance that it has met all over the world from n.g.o.s and farming unions they've called this the merger from hell and critics have warren commission nervous tiger she risks creating the facebook of farming and by that they just don't mean a company a big company that's under a lot of public scrutiny it's because buyer also has a wealth of digital farming data that allows it to tell farmers what to plant when to plant it when to tail it and when to fertilize so obviously this is a lot of power to concentrate in the hands of a single entity that goes way beyond market share. and it still has

a you conditions as you mentioned and that us regulates approval as well how high are these hurdles. well they're pretty high commission has already made satisfactory noises now buyer of course is looking to divest some of its seeds and herbicide sets to be to the tune of seven point two billion dollars and also to allow it to license its global farming data that's in order to comply with the divestitures that the commission wanted to see in order to force competition in a sector that's already seen some pretty deep consolidation don't forget that this is the third merger that we're seeing the other two being dupont dow chemical can china now the commission is set to decide on the deal on april sixteenth and we'll get the latest update then. in frankfurt for us thanks for explaining that all to us. well germany's economy has been booming for the past eight years in the still

no end in sight so says the country's economic experts but they also warn that the race to the global economy have increased 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 train 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 but they say the interest rate should only be increased slowly to prevent the economic engine from stalling. times over b.m.w. prosecutors raided the company's headquarters on cheers days they searched evidence in the ongoing diesel scandal b.m.w. c.e.o. howard kluger has said that the company's diesel vehicles were not manipulated today's publishing of the twenty seven thousand financial results are in stark contrast to the company's legal worries b.m.w. posted record profits of ten point seven billion euros from last year despite saying big. development the company believes that twenty eight will be the night record year in a row. well internet giants like apple google or amazon will have to pay considerably more tax in europe that's according to proposals presented by the e.u.

commission on wednesday now as an interim solution a three percent sales tax will be imposed on certain activities such as digital advertising ultimately a new regulation which the fans text in the countries where they make the sales even if the firm has no branch in the country in question at the moment tech giant preferred to have their headquarters in places like and where taxes and the resulting in losses of billions in tax revenue. and brussels bureau chief maxwell when joins us now max good to see you walk us through how this digital tax would work main difference of course and you mentioned it helena is that the companies wouldn't be taxed on their profit but on their revenue and one of the member states usually like i said the taxation is based on profit either at the place where the headquarters are or where the production takes place this is a difficult thing to do with the tool companies because the production is all over

the globe it's hard to pin down and the headquarters usually are not within the european union or in the very countries where they don't have to pay a whole lot of taxes that's something that the e.u. institutions don't like and that's why they want to change this of course they want to install certain thresholds so that small companies would be left out from this for example that you would need a minimum of seven million euros in that of revenue in that member states but that would be the final solution for this max does this add fuel to the fire of the prospects of a global trade will. well the commissioner in charge of this pay almost v.c. insisted that this is not against a certain country not against the usa and that of roughly one hundred twenty to one hundred fifty companies would be concerned by this but of course if you look at it the biggest the biggest companies in the whole field of course are american if

there weren't the big tech giants like amazon and google from the united states we wouldn't have this discussion at the moment i think that's for certain the question really is is it worth to risk a trade war because the united states might the trumpet ministration might take this as another slight as another probation but if you look at the actual numbers how much money could be made for example in germany just by taxing google that would be roughly in some colleagues calculated this sixty million in taxes annually and that's nothing compared overall to the business tax that's levied in germany because that's one hundred fifty billion euros right impressive mental arithmetic skills that studio brussels max hoffman for us thank you. well regulation supposing it fresh pressure on facebook in the wake of its dealings with cambridge analysts in the company says it expects to be questioned by the leading u.s. consumer regulator over the data acquired by more. than fifty million facebook

profiles now facebook's shares have plummeted over the past two days the company has now lost sixty billion dollars worth of its stock market value and in the wake of those fears about last advertising a new regulations facebook was also hit with a cost action lawsuit in a san francisco court on tuesday that was the first of many potential lawsuits by shareholders claiming losses because the company missed that than about its ability to protect the date. south africa has declared its current drought a national disaster water level to so low that people are only allowed minimal quantities especially in big cities this affects people's everyday lives and businesses south africa's wine industry is one of the needles in the world and this big hit. if three year long drought in the western cape is 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 prevent to shut off water restrictions have not just hit families but businesses too including the region's wooldridge wine industry who there's a small to start with. because there is water and it's it really actually improves quality to this is an extent but it's not resistance because the smaller in this is your field so you have a smaller hospitals and when you asked was that it's more to sell in so that it's a constant. wind production has slumped by about twenty percent over the last twelve months forcing winemakers like my lease to consider vines that require less water. obviously i'm looking into did you grow cotton was it consistent with the drought spanish going to cause or. so i was attending called in the us that doesn't

have as much water so i think this will be a general shaft first it's very difficult because the market doesn't really know where i was this once. fruit growers are also feeling the brunt with industry bodies warning that thousands of jobs are on the line. in a situation like this there's a very big focus on cutting costs as well because you don't know what next year will work for you. there will be a negative impact on the 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. thanks to washington and seizing. the i'm going to.

move. to. move move move move move. move move move move. move move move move move move move move move move move move the. spring in spain jets off to an explosive start. here five years festival is a celebration of life. please let's traditional costumes let's take care of perceptions and clear and wonderful characters.

please. would be fighting full details to take you seriously in the world of work here's what's coming up. on g.w. . the female super hero on a mission smart women smart talks about smart station and legitimately sometimes miss out on it or increasingly dangerous to. make. bursts lemuel home which is of species go and a home worth saving the problem those are big changes and most start with. small steps in global interiors tell stories of creative people and innovative projects around the world. ideas the protect the climate boost green

energy solutions and reforestation. results of people you cannot protect the forest create interactive content teaching the next generation about environmental protection. using all channels available to inspire people to take action and we're determined to build something here for the next generation the ideas feed series of global three thousand on t w. here we are again a warm welcome from our studios in berlin where every day we collate the best of european culture and lifestyle and here's what's in the mix for today's program. well coming spring the spanish city of. great annual i ask us.

to look at this year's trends in.