well you watching do that you news still to come up b.m.w. find millions of euros for emissions violations again gardell first we'll have that story and much more in the next fifteen minutes of this. lehman brothers ten years on a story of ambition greed and megalomania. we're so clever the elite and control the rich the last one of these full of investment bankers faltering carousel with you know her stock everybody was wrong to want to

ignore the reality of the whole thing might blow off in my place because of a system that spawned out of control. little bubbles that will make the call the river. the current investment bank lehman brothers start september thirteenth on g.w. . in . the eyes of the world on the german state of saxony with all dressed in ten minutes making its national headlines local businesses worry that it could have an impact on that also on. also coming up b.m.w. was fined ten million euros for violating emissions levels echoes of diesel gave up the german car john claims it was all down to a software god. also on the show making business a two way street china has built huge infrastructure projects. africa but what

costs. this is either of your business as well come small businesses here in germany pretty much like anywhere don't like to get involved in politics particularly when business is good but with images of angry protests in the german city of camden it's been broadcast around the world some local companies and us picking out about the backlash to germany's controversial immigration policy. its precision work here at no moss in saxony three hundred employees are making fine watches that sell all around the world the company has stellar reputation over three decades now manages worry that nazi protesters in the city of chemists might tarnish its image yeah vicinity of course was shocked by what's happening in cannes nets but i can't say i am that surprised because this has been brewing for years sadly the way these

people think is not uncommon for the state of saxony. has. some of the biggest names in jewelry make watches and glass hooter the little town is known around the world but after seeing the news about right wing extremists customers are irritated when this. they want to know if it was a nazi that put their watch together and who else has been working on it people are sensitive to this issue and saxony has a major problem now with its reputation in ruins i see this is a disadvantage for businesses in this area. a few kilometers down the road is the metal trading company run by the young brothers the two entrepreneurs are also worried about how the chemist's protests play all over the world they were hoping for more foreigners to move to saxony as they like many family owned companies are desperate to find workers. you know. every citizen and every guest should be able

to live here safely and in peace this is important for employers to have they might think twice about investing in an area with these problems and might come away thinking it's better to stay out of saxony big north. back in glass hooter no most wants to focus on confronting the extreme right in an effort to prevent any further damage to the reputation of saxony and their company . well let's bring in our financial correspondent on advance at the frankfurt stock exchange only these pictures from chemists are not pretty that we've been seeing all over the news are companies rights or be worried about the reputational damage that come from it. well some major business leaders here in germany seem to think so joe case his the c. of siemens one of germany's largest companies and basically active throughout the world and his company jewel cases says has about three hundred seventy eight

thousand people working for around the world and these people have to feel at home regardless of their cultural heritage and he's worried that the right wing extremist activity in saxon could raise questions about it and he says that events like in ten minutes ten minutes damage the image of germany in the world that no getting around the head of the industry associates association in germany is putting out a plea for all business leaders in germany just because you can see in a phobia that's what the talk him says the images he sees from there are unbearable he says. stay with us for a moment because we have to talk about the b.m.w. because b.m.w. has reportedly been ordered to pay a fine of ten million euros off the software was found on route eight thousand diesel cars that illegally shut off emissions filtering prosecutors say this appears to have been a bug in the software and not an intentional cheat that's according to german

newspapers who tortured sagal the comic or itself informed the authorities in february about the shuttle following a month long investigation that decided not to file charges against a neat b.m.w. executives. only in frankfurt ten million euros that seems to be peanuts for a company like b.m.w. is the damage the hidden damage bigger than. it is bigger than that i mean b.m.w. makes hundred billion one hundred billion in sales every year and close to nine billion in profit so that's nothing to complain about those ten million but of course it put four salt into the wound so far b.m.w. until the story servant surface was basically able to paint itself as the clean one the squeaky clean one on the block the good guy the innocent guy while everyone else was cheating now there's no cheating being proved these claims probably could not have been verified but you know everyone i talked to here at the market auto

analysts so forth they say you know it just really smells badly this story how accidentally some glitch like this could land in a software and produce exactly the same effect basically that other companies just in their cars and incidentally in two of the most heavy and powerful and polluting cars the company has to offer indeed a strange coincidence only bought in frankfurt for us thank you china's president hu jin payne has just announced that his country is to provide sixty billion dollars in financial support to africa and expand its imports from the constant continent especially manufactured products the move is welcome in the wake of growing concerns that by building costly infrastructure on the continent it's also saddling the partner countries with that. african leaders have high hopes for what chinese investment can do for their countries beijing's presence in the region has

grown exponentially since its emergence as a global trading power now africa has become a cornerstone in beijing's global belt and road project in sierra leone for example president julius marder b o c s china's thirst for investment as a way for his country to catch the wave of globalization. and there are so many benefits to globalization so force we want to be a part of the world community but the large investments which chinese state owned companies have pursued so aggressively in africa have not been an exercise in philanthropy africa's vast resources have helped fuel china's economic transformation still below rejects the accusation by some western countries that china is exploiting africa we are not fools enough we know where we want to take our point in various countries do we involve in a relationship that is designed to be it when we relationship if we do not think it

was so we wouldn't be involved in that so i don't subscribe to that and nor here i want to technical entry. some african countries have become heavily dependent on chinese financing and a recent study by the center for global development a u.s. think tank has raised serious concerns about the sustainability of sovereign debt in several african countries receiving belt and road funds. african leaders are meeting today with the chinese government at the forum on china africa cooperation in beijing now let's bring in our correspondent catherine catherine from the kenyan capital nairobi catherine there is growing criticism that chinese infrastructure projects are pushing african nations into debt how big is the problem of debt in kenya for example where you are. well maybe just to give viewers a background the i.m.f. puts you know at least forty percent of african countries are in debt distress now

when you look at kenya for example if you look at our debt to g.d.p. ratio it stands at sixty percent which is just to the ring of the edge but the countries in this on the continent that can attribute that debt crisis to china or loans from china and that includes djibouti which is about seventy seventy seven percent of its national debt to china and also the democratic republic of congo which goes china's seven billion and as well as china six billion dollars. china clearly sees the african come to them as a big supplier of natural resources but doesn't see anything beyond. well it does the president the chinese president xi jinping did announce eight new areas that china is very interested in deepening the relationship between africa and china and among them is health care which they you know intended to bring you

know clinics into the continent and also train african clinics as well all of medical personnel but then they also looking at green development tool issues to do with climate change as well as looking at agricultural revolution or agriculture and you know advancements but also they're also looking at peace and security and there's talk of starting a peace and security body as it stands china does give significant funding to the. african union force in somalia. these infrastructure projects are they a one way street what are the benefits for commissions. well it's interesting that you mention that because one of the issues that the united nations secretary general antonio guitarist did bring out with sustainable fiscal policies going forward now that china has pledged another sixty billion looking down on the ground you do see some kind of laxity when it comes to labor policies only by relations between china and african countries you're not seeing

a lot of absorption of local work because in some of these projects but then also in trade that needs to be some sort of balance for example kenya imports goods from china worth three hundred ninety billion dollars and kenya only exports to china goods worth nine point nine billion dollars so people are saying that there must be some sort of balance in the trade. from nairobi thank you very much. that's it for me and the business team here in berlin thank you very much for watching give up your business. woman.

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