and new man at the helm of parks this week the german auto giant appointed a new boss he'll face the challenge of steering the company away from the diesel gate scandal and towards a future of more sustainable mobility good news was met with surprise after all b.w. is currently enjoying record sales. here's the new boss him revealing his vision at a press conference at v.w. headquarters involves book. wanted to list is our aim is to make fun of starting a front runner in matters of profitability innovation and sustainability. so good luck with it we're convinced that in the official company makes a strong brand start mark who. joined fox back in three years

ago since then he's enjoyed success as the company's brand chief earning him the respect of his colleagues. their focus is highly focused and always has an eye on future developments. i'm an employee here at fox. i've witnessed him at various events and can say that he's performed really well since he arrived here before. the new c.e.o. is planning a major overhaul of the company among his goals expanding the carmaker's business in china d. says it's about introducing reforms not reinventing the wheel. one of his priorities is to boost efficiency top of the agenda reorganizing the company's various brands here's what he has in mind. the company's mass market brands will form one group incorporating v.w. skoda and c.s.

then there's the premium segment featuring the super premium with the company's four luxury brands and truck and bus which v.w. says is one day to go public. and what about electric mobility many observers say v.w. is a little late to the party. but here but de seems ready to play catch up. with . the eyes of the world her on facebook boss mark zuckerberg this week as he appeared before a senate committee to face a grilling on de sac i'm privy to see at the social network. this after revelations that consulting group cambridge analytic have managed to access data belonging to eighty seven million facebook users without their knowledge or consent. are you willing to your business model. individual privacy.

where you are. continuing to make changes to reduce the amount of. your business model. congresswoman i'm not sure what that means it's the biggest crisis in the social networks fourteen year history while it's well known that the company makes its money out of advertising few people understand how it all works in practice. and the idea that the platform could have enabled foreign actors to influence the twenty six thousand us election has sent alarm bells ringing. with turkey. just on the basis that. they're going to protect. yes. yes community so corporate himself has acknowledged that regulation is quote inevitable but so far it's unclear how any laws might look and more importantly how they could

be enforced since the cambridge analytical scandal broke shares of facebook have declined steadily. chinese president xi jinping delivered a highly anticipated speech of the forum for asia this week his address came as the world two largest economies continued to target each other with punitive trade policies. in the end she struck a relatively conciliatory tone warning against the perils of isolationism without mentioning the us by name. well look for work here a cold war mentality and zero sum game thinking are old fashioned and out day shared isolationism will only create walls only by sticking to peaceful developments and cooperation can we truly achieve win win and multi win situations . she did respond to criticism about the difficulty of accessing the chinese market

though signaling he was willing to lower import tariffs on products like cars and to improve intellectual property protection. and in another a separate move towards opening up the chinese economy and link between the shanghai and london stock exchanges is to be established by the end of this year this will allow investors in both markets to directly acquire shares in the other. such a move comes as welcome news to those who criticize china for making it difficult to access its markets that the world's second largest economy will have to follow through to alleviate trade tensions with the united states. now for some news in brief germany's largest lender has got a new boss and sieving is taking over as c.e.o. of torture bank. he replaces britain john cryan who arrived in twenty fifteen with

the task of steering the embattled bank away from collapse. but after three consecutive years of losses the management's been shaken up sieving has spent almost three decades at the bank beginning as a trainee and working his way up the ranks. germany and france were both affected by public sector strikes this week in germany several hundred flights were canceled as airport staff walked off the job. the strike forced tens of thousands of passengers to make alternative plans some local transport services were also affected and in neighboring france rail strikes continued employees of the indebted state rail operator s.n.c.f. are demanding an end to reforms aimed at making the company cheaper to operate unions are planning to conduct more stoppages over the coming months. ukraine has

urged germany to abandon plans to build nord stream to a twelve hundred kilometer pipeline that is to pump russian gas to germany through the baltic sea following a meeting with ukrainian president petro poroshenko german chancellor angela merkel said the project would not go ahead without ukrainian involvement in overland transit ukraine fears that if it's tonight this role it could face losses of up to two billion euros a year scenario it says would amount to an economic and energy blockade of the country. how would you like to own some dinosaur bones turns out they're pretty sought after among the super wealthy this week to fossilized skeletons were sold at a paris auction for more than one point four million euros each the unnamed buyer is now the owner of an allosaurus and departed the two dinosaurs roamed the earth during the late jurassic period around one hundred fifty million years ago dinosaur

skeleton auctions are rare and the bones are usually snapped up by ultra rich collectors or museums in europe and the u.s. . this week saw the russian ruble continue to slide against the dollar as tensions mounted between the united states and russia the full came in response to a sharply escalating diplomatic crisis over syria and a fresh set of american sanctions. the united states says the measures are in response to charges of russian meddling in the u.s. election. but the russian prime minster claims they're designed to give the u.s. a competitive advantage. so. share with the latest decision by the u.s. administration on sanctions as an attempt to fight us through unfair competition. to limit our development and create tension in the economy under the currency and fund markets. but should the ruble continue to send lawmakers will come under

pressure to take action on the streets of moscow ordinary russians voiced their concerns. these sanctions will have negative consequences. for the exchange rate is the first indication that our economy is about to experience a drop in the week which is. with a diplomatic spot showing no prospect of letting up the impact on the economy could become even more pronounced. and finally to india where men keen to look their best are creating a boom in the beauty business twenty eight year old girl her swears by this charcoal mask. the event manager from kashmir spends around ten thousand rupees so one hundred twenty five euros every month on haircuts as well as beard and skin care products

he says it's key to his professional success. i have to be sure. it leaves an impression that if you're proper everything he's trying to do. thanks to consumers like your heart india's male grooming market has exploded in recent years rising disposable incomes in the middle class and growing fashion awareness have prompted giants like garny and if they are to jump on the trend. companies use bollywood superstars to peddle grooming products the industry is worth millions on it's attracted nice e-commerce players like the mom company co-founder he testing grass says most of his customers are from small indie intends and cities where there's a must have on top to marcus. so i think that.

obviously also had access to all these. cricketers and they wanted to look like they want to. being online has helped the company expand its customer base last year it sold half a million products through its website and there's plenty of business in the real world to customers at this deli after happy to fork out for pampering services. i can see that mean that i'm seeing that the man that got me there was and is spending within those these days they're getting their take on the getting there because. people are going to be there by your doctor that despite all the buzz for most indian men a grooming industry of this kind remains out of reach to spruce up the majority still head to traditional barber shops like this one and that wraps up your business update join us again next time.

you know center. find. discovery. video and audio podcast in language courses. d w media center. at media center w dot com. births. it. home to means of species. a home worth saving and. those are big changes and most start with small steps global ideas tell stories of creative people and innovative projects around the world. that protect the climate boost green energy

solutions and reforestation. results of people you cannot protect the first coming to interactive content teaching the next generation about environmental protection by. using all channels available to inspire people to take action and we're determined to build something here for the next generation the ideas for the fireman series of global three thousand. and nine yeah. and i think one day this war will be considered cruel and unjust war. and certainly all citizens of ukraine every man woman and child of. their own land of the enemy invades. no one wants russia here which is the. rebel against global news that matters. d.w. made for mines.