of more discussion going forward on this i guess my hope is that berlin based editor in chief of vises media tech motherboard really appreciate it thanks for having me. you're watching t w news we have a whole lot more to convent physical and joins you after a short break. frank food. international gateway to the best connection self you know road and radio. located in the heart of europe you are connected to the whole world. experience outstanding shopping and dining offers and trialling services. bialik gassed at frankfurt airport city managed by for.

me take it personally i do it with all the wonderful people in stories that make the game so special. for all true for. more than football on line. to the. global tensions spike and financial markets don't like that investors rush for safe havens while the double whammy of sanctions and syria hit the russian ruble hot. the slippery business of crude oil the e.u. tries tapping resources from authoritarian rule doesn't buy john to make it less dependent on russia and promises promises china vows to open its financial sector to foreign investors will it actually happen. also coming up

a great case of eating humble pie but wouldn't you do it if it made you three billion dollars richer. yep i'm talking about mock sack of his congressional grilling. i'm bad for us all and let's do business russia's ruble is falling fast against the u.s. dollar as tensions mount between the two countries washington's new sanctions against russian businessmen and their companies along with the shop the escalating diplomatic crisis in syria have seen the ruble plunged to just over fifteen u.s. cents a level last seen about a year and a half ago well the news of the sanctions last friday have hit and russia's currency is now plunged by about twelve percent. the sanctions washington announced on friday against russia are already beginning to be felt on the streets of moscow the ruble seems to be losing value by the hour the us said the sanctions are in

response to charges of russian meddling in u.s. elections and other ongoing issues but the russian prime minister continues to say they are really designed to give the u.s. an unfair advantage. u.s. administration decision on sanctions is an attempt to fight us through unfair competition to limit our development to create tensions on the economy and the currency markets. for the time being though the plummeting euro is a more acute problem that's because every day russians know that a weak ruble means trouble is just around the corner but the. sanctions will have negative consequences and the growing exchange rate of the dollar and the euro is a first indication that our economy will experience a drop. in the week which is and as the rhetoric heats up over the conflict in syria where russia and the u.s.

support opposite sides the ruble continues to slide. coming. in frankfurt what is around the corner as far as the russian economy. well then there is a lot at stake also for the russian economy an economy that depends a lot on the oil price since two thousand and thirteen i guess you can say that the russian economy is in as a state of stagnation and we have to remember that already now the country has to deal with sanctions from the u.s. but also from the e.u. but the biggest problems that's what investors are also telling me for the economy are actually made inside of the country corruption is still a very big issue foreign companies hesitate to and best but also russian companies are worried about big investment as well the country is not stable and until this is not going to change also the economy won't see a boos when you are founding of company and russia this can mean in lots of cases

lots of control from authorities maybe even having to pay private money and now there's war tension possibly new sanctions and escalating conflict all of this is going to hurt the economy even more bam and all the more interesting with oil prices up today the ruble folding at the same time what about european markets they're also falling no doubt because of the tensions in syria exactly well whenever we see the saber rattling investors get a warrior and become more reluctant after history directed to russia we have seen the curve of the decks i guess you can see it in the background going down the decks finished the trading day with a minus of zero point eight percent a similar situation also at the other european markets safehaven you mention a very much on demand today the swiss franc government bonds and also the gold price is up i shared with you this with you in the past and the investor here who has an app on his phone alerting him whenever it transcends out a tweet i'm sure he will be having

a very close look at the ads in these days we are all getting those tweets today and following a very closely daniel call for us in frankfurt thank you very much. exit polls show us about john's author tarion leader has been voted in again in snap elections and it was already a certainty politically the country has a difficult partner none the less the european union is dependent on azerbaijan economically because of the vast gas and oil reserves in the caspian sea pipelines are being constructed to europe the e.u. hopes this will make it less dependent on another very difficult russia. drilling rigs as far as the eye can see azerbaijan's well flies beneath the caspian sea in the form of oil and gas reserves foreign companies like b.p. own and total have invested billions here using technology and know how from around the world these german built cranes for example are used to construct further

drilling platforms gas from the caspian sea is now set to make its way to europe via a three and a half thousand kilometer long pipeline the pipeline will run through turkey to greece and italy and then northward toward central europe the bulk of the forty five billion dollar project is still under construction if europe is keen to reduce its dependency on russian gas and yet azerbaijan is widely viewed as an autocracy president multimillionaire. owns assets in the oil business and his vice president is none other than his wife of clan loves buildings and clearly wants to appear cosmopolitan and western oriented azerbaijan's capital baku is modeled on dubai many of its new buildings were built by friends a few years ago one human rights organization voted most corrupt man of the year. but he's not without supporters at the turn of the millennium fifty percent of

azerbaijanis lived below the poverty line now only six percent do despite alleged corruption many see him as a guarantor of stability but those who dare to question his power all suggest the country might be better off without him calm in the face imprisonment protests and open criticism a rare in this nation with its cult of personality a combination of oil based wealth and the whip swiftly eradicate any potential demands for greater democracy. facing has pledged to further pry open its financial say it's a foreign investments a people's bank of china says it will allow non chinese companies to compete in areas including financial leasing and consumer finance in the coming months analysts are unsure whether officials are just paying lip service to washington to settle an impending trade war. the linking of stock exchanges in shanghai and london will allow investors in both markets to directly acquire shares in the other

also foreign investors will now be allowed to take majority shareholdings in companies in the securities fund management and insurance sectors the initiatives were announced by china's central bank governor egon at the bar while forum for asia taking place in china but he suggested chinese regulators would be keeping a close watch. way you specially. opening up a venue make the market more competitive it should strengthen the regulation and make of the level awful plainfield of being. more fair and allow and and domestic and if we need to since to compete. china has a long record of promising to eventually open financial markets but these changes are scheduled for the end of the year the moves could take the wind out of the

sails of u.s. policymakers they're calling for higher import taxes on chinese goods and this beijing does more to open its markets to american companies. thought much is your. that's the question that ran through my head when facebook founder and c.e.o. mark zuckerberg faced congress today it was round two of his grilling for the massive data breach and even though the age difference of congressional members and their lack of understanding of how the company operates became very clear with the congressmen and women asking all sorts of relevant questions leaving a much younger looking about sometimes started they did put it to him that his business model will have to change dramatically to protect users privacy. let's have a listen in to part of the hearing is might just make you think twice about being lax the next time you're online or signing up for something without reading the fine print first when it comes to your data it is obviously worth quite a lot to the social media giant because without it facebook wouldn't exist. yes or

no will you commit to changing all the user default settings to minimize to the greatest extent possible the collection in user and use of users data you make that . congressman we try to collect and give people the ability i like to answer yes or no if you could will you make the commitment to change all the user to changing all the user default settings to minimize to the greatest extent possible the collection and use of users that i don't think that's hard for you to say yes to missing something congressman this is a complex issue that i think is deserves more than a one word and well again that's disappointing to me because i think you should make that commitment and maybe what we could do is follow up with you on this possible. well let's hope they get that sorted out sometime soon he was hiking close to mad a horn in the alps and hasn't returned home saturday. chief executive. went

missing from a ski region near the swiss a time an extensive search is still underway but authorities say the chances of finding him a slight in a letter to employees helps. our family was of course prepared for such a situation and company business will continue in a calm and orderly fashion please keep everything crossed that we find my brother very sick. over his crossed nice doing business with you and also you again very soon.

enjoy the conflict zone this week here in kiev is the statement he's a former president in georgia a former regional government in ukraine. multiple allegations of criminal activity it has me really the dawning of. the rose revolution in georgia somehow made too many enemies. and run out of. the fact. that. it's all happening.

from africa. in the stories and discussions continue on with. the killing program. uses easy. to deputed africa join us on facebook. africa. birth. of species. changes and most start with small steps. tell stories of creative people and innovative projects around the world. climate. solutions and reforestation. of people you can protect the force to create interactive content teaching the next generation about potential.

using all channels available to inspire people to take action and we're determined to build something here for the next generation. is. my guest this week here in kiev is stateless he's a former president of georgia a former regional governor in ukraine and tang over here multiple allegations of criminal activity and a three year prison sentence for abuse of power. once the darling of the west spearheading the rose revolution in georgia in two thousand and three but has he no made too many enemies and run out of road.