the apple store that will give you access to all the latest news from around the world as well as push notifications for any breaking means you can also use the app to send us your photos and videos. they're watching d.w. news of from berlin coming up next the co and the e.u. agreed to overhaul the trade agreement. that will have that story and more business news in just a moment stay with us. the whole d w. w made for minds for.

a news only to the once a. little cold chain cannot produce conses side but. people have put big dreams on the big screen. t.v. movie magazine on d w. a deal with a message mexico and the european union agree an overhaul of their trade agreement as companies sat fear u.s. president trumps protectionist policies are going to get them on. germany's for. company. pulls out of a billion euro takeover a few u.s.

drugmaker a kong with brought a strangely worded statement. this is the business live from berlin i'm as welcome to global trade relations are under fire by used u.s. president trump now mexico and the european union are taking a stand for free trade both sides are overhauling an older trade deal abolishing almost all tariffs between them german chancellor angela merkel and mexico's president and weak opinion yet opened the mexican exhibition stand at the world's biggest industrial tech in hanover today and it has said he's optimistic that a renewal of the north american free trade agreement could also be achieved a deal president trump has repeatedly threatened to tear on german chancellor angela merkel said multinational corporation was added value for parties echoing the thoughts of many at the fan. speed is the message at hand over customers want their products delivered faster and they want to be able to

customize them that means speeding up production and logistics it's a challenge with global reach the fare is therefore considered one of germany's most important annual events underlined by the attendance of german chancellor angela merkel she was joined by mexican president enrique pena nieto whose country is the partner nation for this year's fair yellin monica and is it good to the tough cliche situates you on germany's doing very well economically at the moment your employment rate is as low as ever but i recognise that today's numbers aren't tomorrow's prognosis and therefore it's important that we strengthen our innovative skills services and child and that's the only ones we're in about to once teach cut it off at the down can it head over that innovation translates to automation and machine learning often in the form of robots both require a very fast network that can handle massive data loads in real time. building that network known as five g.

is another focus at hand over. growing automation means the line between software and hardware is blurring take german software giant s a p they've long written programs to drive business logistics now they're writing software to drive and maintain the actual robots in the warehouse. we can connect to essence we can connect to everything actually right so we get the information from the thing to think and tell it tell us how it fits how it is so a machine for example can tell us well i might need maintenance navigating this shifting landscape is urgent for businesses around the world but especially those in germany small and mid-sized manufacturers are key to the country's export economy a frequent concern here is that they're not adapting quickly enough another is that more automation means fewer jobs mexico has its own concerns its industrial economy is under threat with questions hanging over the north american free trade agreement

now it needs to diversify it hopes hanover will be a good first step. well our importance even busy is in hanover for us stephen the fact that merkel is doing the onus with mexico today is not a friendly broadhead to the white house. yeah that's right there hard as you said this is a message about free trade if you actually look at the deal itself this is an update to something that was struck twenty one years ago but that agreement dealt mostly with industrial products this one deals with agricultural products but again this is really a symbol and a message to the white house says that in a time when both germany and mexico are coming under criticism for their trade balances with the u.s. and as the white house pushes more trade protectionism rhetoric that free trade is still valued by both countries. but the head of affairs showcasing the latest in industrial technology and on the macro says german companies have done some concert

up to do when it comes to us official intelligence for example why is that. i think there's been a fear as the piece that german companies have tended to lag behind in sort of the digital era what they've named here industry four point zero is sort of the next phase of updating manufacturing by digital izing factories digital izing manufacturing systems that are so important here in germany there's been a special concern that the small and mid-size companies here the manufacturers that are known as middle stuns in germany they are volunteered for what they do is this export economy but they have been seen as being sort of stuck in sort of an older form of manufacturing that hasn't been digitalized what hanover's really tried to bring forward is making more of this this technology this whatever you want to call it this organization more accessible to those companies and bringing them more in touch with it told him about that's our knowledge and the thing that caught your attention. right what think you can probably see behind me one of the robots

driving a lot of people's attention right now this is by a firm called ib ji here in germany as you can see this robot has unlike a lot of the robot arms here it has hands it has fingers also one of the things. notice is that the person who's driving it is using his arms and fingers to project the same motions on the robot this again speaks to one of the big themes here at hand over which is making these robots easier to use the robots themselves are novelties anymore but it's important that they are made easier to use so that they can be brought into companies that have no experience with them in this case the person moving it doesn't need to have a programmer's experience he just needs to show the robot what to do and the robot will do that motion from there on out. it's all quite frightening if you ask me this is there in hanover the grave for us thank you very much steve. of course in london has ordered the extradition of even childhood orage founder of

the ailing croatian foe food group coal to the origins to face charges linked to an alleged one hundred ten million euros and fraud are calling for some sixty thousand people all over the ball and was once gracious largest privately owned firm it was recently placed into government hands due to its high debt ration authorities. into the origin and a dozen others for potential links to the foods food groups financial troubles the businessman now has seven days to appeal the court's decision. central bank in iran has banned landis from using crypto currency as the state news agency says officials are concerned that the digital cash could be used for money laundering experts also fear that cyber money like bitcoin could be used for tax evasion and served to fund terrorism the same time iran is suffering a growing currency crisis a ryall has dropped to new lows against the u.s. dollar due to fears of more sanctions and cripple constance was seen as

a way around. german health care companies called off its four point four billion euro takeover of u.s. generics drug maker acorn said in a statement that several essential conditions that were part of the agreement have not been met on the acquisition would have been the second largest in the company's history despite the deal being cancelled for seniors is aiming for a stronger foothold in the u.s. generics market but there is some something more to this deal let's cross over to. financial correspondent a frankfurt stock exchange for their you office in yours seems all very straightforward but the wording of the statement it does have a strange smell doesn't it. well the story is a bit obscure also because it was in years was tipped off about what was going on at acorn by a man on the most letter or some sort of whistle blower who told because the news

that something was wrong with acorn data integrity which seems to imply that acorn did not always manage to comply with regulation by the american food and drug administration about how to generate how to store and how to communicate data in the process of producing pharmaceutical products now because the u.s. says that it has found out about this not only because of this obscure anonymous letter but also because of a acquiring independent inquiry prisoners have put into place here but some people here on the trading floor believe that this might be an excuse from physicians that the company might one to exit a deal because it was considered to be not very lucrative and that acorn actually was too expensive to take over we're going to look at the markets earning

season is getting underway in earnest here in europe really think taking your interest. yes philips the large electronics at home appliance maker from the netherlands managed to beat expectations with its earnings the profit margins. are looking much better than they did the same time last year so the share price of philips is up nicely on the other hand u.b.s. the largest swiss bank did not manage to convince investors with its earnings reports and that is seen by some people here as a bad omen for the bank which is going to come out with its first quarter earnings report next thursday and speaking of deutsche bank there's more to talk about here today h. and a the large chinese shareholder of a bank has reduced its stake in deutsche or from. around about five percent to only about eight percent that of course raises the discussion again about you know the. solvency and the reliability of a as a shareholder. that's

a highly leveraged company the chinese investor a lot of that involved is not always a good side and maybe more trouble ahead for germany's biggest lender. in frankfurt for us thank you very much for this announce it. does remind us how important it can be to stop and smell the flowers thousands of visitors flocked to the flow in the netherlands this weekend for the annual flop show spring of five hundred varieties of attracting flow aficionados from all over the world. and that's it for me for today. along.

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