trading in tesla stock was halted tuesday following a tweet by its brash c.e.o. elon musk announcing plans to take the electric car maker private it will be the largest leveraged buyout in history he said he'd secured funding to buy the company up at four hundred twenty dollars a share giving it a price tag of seventy two billion though he didn't say where the funding would actually come from shortly after his tweet must published a letter to tesla employees on the company's blog where he said that going private would be the best path forward and would allow tesla to operate at its best free from distraction and short term thinking going private would also be one way to avoid close scrutiny by the public market must pass feuded publicly with regulators critics short sellers and reporters the company is still trying to overcome production challenges which have held up its new model three sit down on which tesla's profitability rests in the meantime the u.s.

securities and exchange commission is looking into musts claim he secured funding as well as why the announcement was made via twitter and not fire a regulator refiling as its standard the f.c.c. also wants to ensure investor protection rules have been met. friday so the biggest wave of industrial action ever to hit europe's biggest budget airline has ryanair pilots walked out on a twenty four hour strike at frankfurt on airport check in desks were unstaffed and passengers nowhere to be seen pilots' unions representative say the message is that ryanair must change. almost any it's not about defeating ryanair it's about sending a clear sign that defeating their own employees has to end. some passengers at berlin shona failed airport were forced to spend the night there many didn't know when they'd finally be able to fly out but some are still sympathetic to the pilot's demands and it's

a bit unfair the pilots draw the short straw just because people want to fly on the cheap. i think it's a safety risk if someone's employed as a so-called freelance pilot then perhaps doesn't stay home when they're sick so i think it's justified. pilots in belgium ireland and sweden also walked out on friday in the airline's first coordinated europe wide strike a total of four hundred flights were cancelled disruption of european airports was at a minimum though with passengers informed in advance of the cancellations. the u.s. reinstated economic sanctions against iran beginning tuesday a few weeks after u.s. president donald trump a taken america out of the multi-nation nuclear deal with the country the sanctions prevent the iranian government from buying dollars they also target the auto and aeronautical sectors as well as iranian exports although not explicitly targeted

german companies exported goods worth three billion euros to iran last year and fear for their business the e.u. has offered to support them but trump says any company dealing with iran will not be allowed to do business in the u.s. car make a dime or became one of the first to suspend trade with iran. trade tensions between the u.s. and china also ratcheted up this week washington says that beginning august twenty third it will levy further penalty tariffs of twenty five percent on an expanded range of chinese imports the fresh tariffs will affect a total of sixteen billion dollars worth of products primarily industrial products like metals chemicals and electronics it's the second wave of tariff the u.s. has levied against china so far. despite global trade disputes germany's foreign trade continues to expand its statistics office says that exports in june rose seven point eight percent compared to june last year and

most of the demand for german goods came from european countries june imports grew even faster than exports coming in ten percent higher than in june twenty seventh seen the biggest rise in imports since records began in one nine hundred fifty s. the country was beginning its recovery from the second world war with current trade turbulence german industry is cautious about the outlook. the dust has yet to settle on the facebook cambridge analytical scandal in which the data of millions of users was harvested to further political agendas that facebook apparently now wants to collect detailed information on bank customers to broaden its range of services and increase user engagement on its messenger app which has one point three billion users the wall street journal says facebook has approached several major banks including j.p. morgan chase and citi group but many of them have turned their request down unhappy about the idea of passing clients bank account data on to facebook. facebook has

denied it's been asking banks for their clients' account data. it insists it simply works together with banks as a way of offering users a connection to check their account balance or to chat with their bank. a respected german newspaper reported this week that the black sea port of a desert is a hub of corruption many of the containers customs declarations are falsified zippers become shoelaces because shoelaces pay only a fraction in customs tariffs the charges are laid bare in documents made available to german daily sued doctored sites on papers are routinely forged many people are involved freight companies customs officers police and even the in. teligent service as the you that even though the port was supposed to become a flagship anticorruption project after the might and revolution twenty six year old civil rights activist. played

a key role in the protests in the capital kiev after which she was put in charge of customs in odessa and was supposed to drain the harbor of corruption she said customs officers to the u.s. for training and the e.u. supplied modern scanners that were able to identify what goods are in the containers as well as contraband none of it helped the scanners were vandalized. gave up her job frustrated in her resignation letter she said the ukrainian government had sabotaged her anti corruption drive. so corruption still flourishes on the black sea visit deutsche site and report estimates the losses to the ukrainian treasury topped four billion euros a year in tariffs alone. the small town of nothing used to be a prosperous coal mining community but the old shafts in the former industrial region have long been shuttered now there's very little work in the county of west

yorkshire a lot of the young have moved away only the local social club of as a little distraction run by former rail worker paul green like green many here feel left behind and forgotten they don't see any benefits in european union membership . you think. that your. so if you're look at me only through. your. next door a few women are playing bingo a popular game here almost everyone here voted leave to leave the european union so it can't happen fast or hard enough. to go away. and. sell our.

white cat with those because. why do we have good players well. interesting questions indeed others here also can't understand why things can't go back to what they once were but the age of coal is over for the north of england with hardly any investment in new industry to replace it will leaving you change your last year not only many at least think three years after breaks it will offer them plenty of chances. trashing fairy lights toys and electronic gadgets daisy one shop has it all for the last five years she and her husband have been running this store in cape town's chinatown shopping center a business model is simple but effective. but maybe. it's fine it's fine this is fine i mean

a year. dezi one is one of an estimated one million chinese traders who've arrived in africa over the last decade the influx was triggered by growing chinese investment paired with an employment back home. showing the u.s. daisy's landlord and the co-author of the model he recognized the demand among cape town consumers. didn't talk when local people can for you say they need this in my. to the oh you know something i call the street char. i got the words. by a wild child one close i can come to town and town to rise and get some money i get buys free clothes. for success speaks for itself since twenty ten lou and his partners have opened three miles in cape town with a total of one hundred fifty independent stores.

hot dry weather europe's recent heat wave has been perfect for the grapes at least here in germany's run hessen region famous for its white wine the high temperatures have had the teams out harvesting grapes earlier than ever before and into going on balls not special is that production started about two weeks earlier this year with harvesting at the beginning of august already we'll be finishing today the young one will be in the shops by friday that's great the markets are waiting for it. like many here the vul family near mines specializes in a partially for mentored young wine called feet of ice or because of the sun the grapes are especially sweet this year they'll yield a fruity wine with a high level of alcohol german wine makers expect the twenty eight team vintage to be exceptional they're among the few german businesses that might actually profit from climate change. the average annual temperatures are getting higher we can see

that but some forty years ago in one thousand nine hundred seventy six we also had a very hot and dry year. cannot was so extreme highs so it doesn't mean that it's happening more and more often now. because. maybe next summer will be very cool and wet let's wait and see. if the climate really is getting hotter and drier though right hasn't been you know its plan to start growing new varieties of grapes. in the fall family has decided they might transition to the red varieties. i don't.

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person the question is what can they do about it so it's very obvious to me walk when it moved and don't take the board elevators i do i do that every time i think about elevator a lift and this is still a did i take this test and i try and walk wherever i can instead of going in a car or even in public transport it's just you know doing the things that i think we're going to be called in to we just got out of the habit as it became very easy and quick to take court of appeals but actually it's not very hard to change this very easy for individuals to do but i think you know people cumulatively making a difference.