you know why your inbox is being inundated with privacy policy emails well thats the e.u. new rules on data they say it'll protect your rights but some business leaders are scratching their heads also coming up angela merkel heads to china to see how they run that tech firms can she meant their recently rocky relationship. and daniel winter and this is your business update they call it g.d.p. ah the general data protection regulation put simply a new set of e.u. rules on data now the likes of facebook google or amazon will have to tell us what possible danger of ours they hold and we can even have it deleted they could face millions in fines if they don't but what about small firms butchers bakers and bookshops all they are also required to follow the new regulation but without the same resources of multibillion dollar empires of the hefty tome of g.d.p. rule book is hard to understand. of paper.

of the new e.u. days of rules have just told us chamber of cross president stumped because it's from the heart of course it's heavy stuff and e.u. commission a very euro vote tells us to keep cool the flood of information is more confusing than helpful the law wasn't really aimed at trades people. for brussels to create here that applies equally to social media giants as it does to small workshops and it's two hundred fifty six pages thick that's one page for every working day of the year it takes you all your time just to work out what they're after our members are completely overwhelmed. so it goes forward because if. the law was passed some time ago and in theory trades people have had two years to work out if they needed data protection manager but there are special cases such as the chamber's president himself he's

a professional chimneysweep with only four employees he thought he'd be exempt from the new regulations but as an official district chimneysweep he's classed as a kind of local authority. they told us the data protection laws apply to us in two ways to me as a tradesman and to me as i'm in a supply thorazine but i am only a one man authority he knows he has to protect his company's data but should he come under the same rules as giants like facebook. that's completely wrong to say someone with only four employees who does very little data processing needs a data protection manager that's simply not true. the responsible ministry acknowledges that the rules will need fine tuning. but for now the search is on for a day to protect manager. for once and i think the deadline is may twenty fifth and if i can't find for my maybe i'll just appoint my wife but what if that's

much use in terms of data protection is another story altogether. so are the rules bad for small businesses we asked one of the architects of the law in brussels our correspondent matters caught up with vera your of of the e.u. commissioner for justice and consumers. making it too tough for smaller companies for the business environment in europe. i think that the g.d.p. are as one important feature it has to be applied in a proportionate to a proportionate to the level of risk and i spoke about it before if the company does not have the processing of data as a core business if they do not sell the data if they do not make money on the privacy of people they should to cause some some minimum kind of measures up if the companies are monitored ice the data of people they shoot to kill if something

bad to the people and it's better protection so proportionate application of g.d.p. is necessary and also i would add common sense because i heard a lot of incredible stories about how g.d.p. will be a bright it's not necessary to go by nicking. fear chrysler is recalling over five million cars in north america after discovering a defect which prevents drivers from switching off cruise control the company is telling drivers not to activate the feature but to take their cars to receive a software update there have been no reported deaths or injuries over the fault which was discovered a during routine computer test. against quotas on wall street for against it's one of america's largest ever recalls and the stock of fear chrysler's taking a beating over. their well and the whole recall certainly shows the challenges of the modern car industry often different models use the same

software and same components in this case we've seen more than fifteen different models using or having those issues and so what i tried to say was that is a big van problem that we're seeing in one model it wouldn't have cost such a huge recall if we've seen it in this case with chrysler either way we do not have a price tag yet or what this recall might cost for chrysler and therefore we did not see a mess of sell off in their share but the stock price of surprise i was down two percent here in the friday session and oil is also heading south today what's behind the latest swing lower. that was quite a move that we saw here shortly before the weekend prices down by more than four per cent for the week all prices are down by a good five percent at the beginning of the requests so west texas intermediate we start at around seventy two dollars a barrel now we are down to

a good six the seven there are rumors that saudi arabia opec and to russia actually my decides to increase production next there months still rumors but it had quite an effect and oil went down and was it all thought the stocks of the big oil companies and that was also the reason why wall street overall traded at a bit lower here in the friday session for the week wall street is still up investors slipping on that oil slick called to have a great weekend thank you. in the past germany has accused china of encroaching on industries vital to german national security and locking out competition from the domestic market well now angela merkel is in the tech hub of shien's and was one message let's hit the reset button and work together in developing digital industry . a glimpse into the future chancellor merkel is getting to know the new china here in shenzhen this trip includes

a visit to ai carbon x a startup using genetic data to develop apps and healthcare gadgets china has invested heavily in artificial intelligence and the digital economy in recent years and now the chancellor is meeting a nation on the technological rise. you know i believe that this momentum shows that on the one hand there are very good opportunities for cooperation but also how we're called upon to approach digitalisation strategically along the growing challenges of the labor market. america received a warm welcome the day before on a visit to beijing china regards germany as its most important partner in europe especially after the us president donald trump turned well trade on its head but the countries are not marching in step just yet one of germany's major concerns is technology theft and china's cyber security laws oblige foreign companies to

disclose important data. data is the raw material we work with today and it must be available and secure for businesses it must be portable and compatible and obviously there's still a lot to do at this level. but compulsory joint ventures and the interference of the communist party in corporate issues mean german companies still feel at a loss but the chinese prime minister is taking the problems in his stride. if you encounter economic difficulties here in china don't worry just contact me directly and i will help to solve them. yet despite the difficulties china's huge market continues to attract in shenzhen siemens is manufacturing state of the art c.t.

scanners for the chinese health care market and investing more in domestic research china's technological advancement still offers plenty of opportunities. brazilian truck drivers are protesting for the fist consecutive day over rising fuel costs despite a deal being reached between the government and several trucker groups president michel tema has now ordered security forces to intervene. striking truck drivers full speed equals to polos brazil's main right there only allowing cars and buses to pass in what is now the fifth day of protest against the country's rising fuel prices brazil is the largest economy in latin america and highly dependent on road transport schools have shut food deliveries have halted and markets are close to running out of perishable goods. well by the same time i know many distribute one hundred tons of orange just today but now we have no oranges on the trucks

a puncture in the road eight trucks parks everything is stopped and you can't pay for anything else think. back and laugh. on thursday the government reached an agreement with several truck driver associations to suspend the fuel taxes for fifteen days but at least one major union has decided to continue striking until the price hike is scrapped entirely some drivers are even striking independently sought you know there was a new game which we don't have anyone representing us we want thomas we don't have a union we don't have a corporation absolutely nothing and that is giving us. all those you said the battle but diesel fuel is now at its second tie straight and brazil's history and president michel tama has now authorize federal forces to clear the roads but for now it seems the strike is a showing no signs of letting up. it is time for us to let up that's all for your

business update have a great weekend. well

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