a place in the semifinals. are some very big changes at the top of europe's leading auto maker ben has got all the details coming up in business stay with us. entered the conflict zone confronting the powerful every challenging those in power asking tough questions demanding answers. as culprits intensify i'll be meeting

with key players on the ground in the centers of power cutting through the rhetoric holding the council about the conflicts. conflict zones confronting the powerful on d.w. . to the people of the world over d.w. on facebook and twitter to date and in touch. with. a corporate shake up at v.w. europe's leading comedy because sounds like it wants someone new in the driver's seat scandal ridden fog fog says it's considering an executive board reshuffle the german comic and says that could include replacing c.e.o. i.d.'s made up. is donald trump tower of tantrum getting him the attention he wanted the u.s. president's protection as threats suddenly have his chinese counterpart promising

to cut trade barriers rather than hike juvies even further the comments boy global markets. and they call it king city it's being billed as the future of urban living in saudi arabia but is there any soul behind the flawless for the. i'm good physical and let's do business is c.e.o. mathias miller headed for the exit ramp at fox fox the german auto giant has just released a statement that it's considering further evolving the leadership structure of the company it says that could include a new chief executive insiders say the board will meet as soon as friday for consultations german media is reporting that milicic says it could be habit dietz he's head of the b.w. branch. let's head over to the frankfurt stock exchange with daniel cope is standing by following this breaking news for us daniel. is this a surprise first of all yes i mean this has really been

a surprise here lots of restructuring it seems in germany's biggest companies at the moment first john prine the c.e.o. of losing is job now it seems that. germany's biggest car makers will also have to look for something all of this has not yet been confirmed by a volkswagen but they sent a so-called ad hoc message through to traders here saying there will be changes in the management structure of the company and that is that this could also mean the appointment of a new c.e.o. miller has been very much under fire because of the diesel gate scandal but was praised at the same time by investors for minutes in the crisis very well it'd be a lot to digest i mean two days to you c.e.o.'s what about word of his success to traders they say about mr deeds yes has had all of this has not yet been confirmed but insiders are indeed saying that have a decent current v.w. branch of will be in the seat of command he is sixty years old studied automotive

engineering joint works flying in the same year as was appointed to the c.e.o. he is going to have a very tough agenda from day one even though in general volkswagen is doing very well there is lots of the agenda lots of still pending lawsuits gaining trust again mostly from us customers so certainly a very challenging job ok we'll be back to you throughout the day to get more on that breaking news thank you daniel cope there for us. a sunny day for global stocks says china paused cold water on the heated tariff dispute with the united states both sides have been threatening each other with steep judy's on imports for the past month but the trade war could just start winding down with the chinese the first to flinch president xi jinping today repeating his vow to open the economy and actually cut tariffs. cars are a major sticking point in the trade conflict between the world's two biggest

economies the u.s. pays a twenty five percent tariff on cars it brings to china while china only pays two point five percent in duties on cars it exports to the u.s. that's not the complete picture the u.s. sells six times more cars in china than the other way around but appeasing washington was the thrust of chinese president xi jinping speech to an audience of international business leaders at the four ohm. young. we will lower the import tariffs for cars. john b. at the same time we will lower the import tariffs of some other products only hold our cards to respect the people's demands for special superior product imports. she also pledged improved access to the financial sector and stronger intellectual property rights although the u.s. was not specifically mentioned she speech seemed that addressing the sources of the

trade conflict his words were welcomed by markets the world over but china's made similar commitments before with little implementation this time around however the stakes are higher insufficient action could pave the way for further escalation. kristen's joins us now a senior partner of the international consultancy control risks in london chris first of all i want to point out to our viewers that there is quite a lot of trump bashing that is done in the business world clarify for me do these concessions from china mean trump strategy those those threatening tariffs and a trade war is actually working. well i think mr trump will perhaps believe they're working he will certainly trumpet these these measures as

a victory for him and obviously he's he's keen to get some tangible wins with the mid-term elections in the u.s. coming up in the autumn so he's going to emphasize that he's made progress and it's been his tough stance getting tough on china which is which has enabled him to do that but i think if you look at what president xi jinping actually said it. earlier today it's not that different from his his tone back in davos of the world economic forum last january and it's actually quite short on details so he is perhaps giving mr trump what he wants but if you look at those concessions these are things that have been talked about in the past for example the the lifting of the cop on foreign ownership in with automotive j.b.s. in china that was mentioned last november so it's it's positive broadly speaking because i think president xi jinping is is demonstrating perhaps that is taking the opportunity to show that he's the he's the grown up in the room and he's not just

going to engage in tit for tat tit for tat trade war so he's sort of taking the up a ground but he's not actually giving that much away at this stage again it was interesting from those statements to just see that mr she didn't actually mention the u.s. now tell me the chances of china eventually following through on these promises that. promised so many times. yes i mean it's easy to be a little cynical about about this perhaps but i think we have to remember that china needs foreign direct investment china's entire economy is based around ten percent growth which has been partly insured over the last three decades of double digit growth by foreign direct investment so it needs that to continue to bring wealth to its people and for the chinese communist party to continue to justify its

position as the as the ruling power certainly it needs f.b.i. i think perhaps the states are increasingly high now but as the market is opened up so china has opened up more strategic sectors such as automotive and financial services so i i think that we will genuinely see a lift on the investment at the end should count for automotive hopefully later this year and we'll continue to see certain sectors opening up other non-strategic sectors have been open open for years chris just give me a quick yes or no because we've got to leave the interview here is the trade war now over. i can sum it up in one word i hope so but there's a lot of skin in the game that's already got a good sort of taken place i will just have to wait and see but hopefully trump has what he wants ok we'll leave it there big hopeful maybe from chris toroids on that

one from control risks thank you. and when there was one sad saudi arabia's building a city in the middle of the desert the government expects two million people to live there in the king a dollar a can all make city projects the biggest of its kind and it's privately fining. welcome to the future this is king abdullah economic city perhaps not the catchiest name for what's being billed as the future of urban living in saudi arabia located on the coast of the red sea planners in vision some two million people living here one day so far there are only six and a half thousand residents the apartment blocks are separated according to the income levels of future inhabitants this area. feels like a ghost town. this one is designed for the rich but even here over half of the apartment blocks remain empty. as steve you for the wealthy with the swimming

pool out back among those living here already is the project's corporate communications manager it's the fact that my can my dogs can go out and walk the dog along the promenade there's no cars there's no traffic because it's all pedestrian ised it's easy for me to get around the city it's very convenient but it is a new city i don't have a shopping mall on the on the on the doorstep. inside two hundred fifty square metres of luxury three bedrooms about kony and the terrorists for eight hundred thousand euros the target market young ambitious executives from saudi arabia and beyond but the success of the city will depend on the rise and fall of the companies it attracts finds there tama and total have already arrived for now they've limited themselves to small scale production for the saudi market but there's plenty of room for growth city planners are especially proud of the harbor it's already the second largest in the country like the rest of the city it was

built by a private investor shows and demonstrates the maximum participation of the private sector this is purely private sector economy and it is none of the pendant and it is proving the quality of life but this may not be everybody's idea of a good quality of life project managers have organized jazz concerts in an attempt to inject life into the city a few hundred people turned up but that can't disguise the fact that king abdullah economic city is missing something perhaps a soul. business with you.

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robot next on d w. make your small t.v. even smaller the force of the move for small is. what you want for you want to. up to date. extraordinary. decide what's on. sunday oh my god w. just small. bursts coa home tunes of species close to home course avian flu and those are big changes and most start with small steps global ideas tell stories of creative people and innovative projects around the world. like to use the protect the climate boost green energy solutions and resource. the

station. was out of people you cannot protect the force to 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 global india's future fireman series of global three thousand on t.w. and online. i want to welcome to another week of your remarks i'm your host megan lee from gallo dancing in venice to making of musical instruments we have a packed show in store for you here's a look at what's coming up.