and new man at the helm of fox 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 old v.w. with currently enjoying record sales. here's the new boss him revealing his vision at a press conference at v.w. headquarters involves book. one so to list is our aim is to make fun of starting a front runner in matters of profitability innovation and sustainability. so mark good luck with it we're convinced that in the official company makes a strong brand. 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. by the i'm an employee here at fox. 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. he 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 the seems ready to play catch up. in 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 days i'm privy to see at the social network. this after revelations that consulting group cambridge analytic have managed to access days have belonging to the seven million facebook users without their knowledge or consent. are you willing to your business model.

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 we don't work 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. the turks are part of this just on the basis that somebody's. got to protect so. yes. yes community so copernican self 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 at 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. all the work here a cold war mentality and zero sum game thinking are old fashioned and our day shared isolationism will only create walls only by sticking to peaceful developments and cooperation can we truly achieve win win and multi win situation and. 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 marcus. 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 are named 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 minister claims they're designed to give the u.s. a competitive advantage. so you. start with the the latest decision by the u.s. administration on sanctions is 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 voice 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 region. with a diplomatic spat 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. just. the event manager from kashmir spends around ten thousand rupees one hundred twenty five euros every month on haircuts us 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 is fine did you. just think. thanks to consumers like who 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 superstar is to peddle grooming prada. it's the industry is worth millions and it's attracted nice e-commerce players like the man 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 marcus. so i think

that. obviously also had access to all these bollywood cricket and they wanted to look like they want to be good feel confident 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 than me but i'm seeing that the men that coming to us and they spending more than those these days yeah they're getting their freak out on the getting this basically that. people are going to go be there be your doctor leave despite all the buzz for most indian men a grooming industry of this kind remains out of reach to spruce up the majority still had to traditional barber shops like this one and that wraps up your business update join us again next time.

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