and don't forget you can always good news on the go just download from google play all from the apple store and let me give you all the access to the latest news from around the wild as well as push notifications for any breaking news you can also use the app to send us photos and videos which you think might be of interest to us . here watching the w.'s come to life from button stay with us been for good and we'll have the business headlines for you coming up shortly. i'm not laughing at the jet but just sometimes i am nothing which is that the germans digs deep into the german culture looking at the stereotype the quiet that is think the future of the country that i now know. you don't see the picture this drama day oh you know it's all about. i'm rachel join

me to meet the gentleman from v.w. post. sometimes books more exciting than a real what's. going to. want to stir snow ski. patrollers. streets. the revenue slide continues at germany's biggest lead georgia bank disappoints again its latest restructuring weighing on performance. you know local wants to be a sort of a silly rules for the government as it refuses to budge on its budget and what's a chinese electronics giant doing in frankfurt. they could be listening in new york

or london. and benefits all that let's do business analysts say deutsche bank's new boss because he on saving is doing a great job saving by reducing costs but he's not saving the bank yet another restructuring is failing to halt the revenue slide its share price also sleeping this wednesday posting a sixty five percent decline in year on year net profit for the third quarter all of the land is the visions recording lower yields with revenues in its fixed income business and government and company bonds down significantly but in a letter to the bank's employees the chief executive said doj is on track to a profitable year for the first time since twenty fourteen once one of europe's leading financial institutions dodge a bank has struggled since the financial crisis. economist ben noted joins us from the steinberg university in berlin in the past decade shares have lost nearly ninety percent of their value is the bank beyond saving. yes

it's going through a difficult period it's the trade annual loss and therefore turnaround plan started by this year all in the beginning of this year zero she has to fall into a record low and plays. on at least all throughout the banks saw at the moment deutsche bank is captured in a vicious cycle. decline or revenue was sticky expenses and on the lowered rating finding costs for the bank but do you think the bank can actually be saved can it be turned around. yes but they have to be faster in reducing the costs and they have to develop a plan to earn money specially because investment banking of the last half to success against the company does in asia and america do you agree with

analysts that the new c.e.o. is doing an excellent job yes he's a in the beginning he's like a new trainer will put him so he needs i think one or two years to fulfill his plan and who show the success of the turnaround plan it's not a crucial period he says he shows the results of the former c.e.o. so so you reckon the coach needs a bit more time what what does he have to do to get his team up to speed. and he has come on an ice. specially the project which is called new poff and which will offer our services from modern financial. institutions and firms takes caught will help the bank to earn money and to offer new kinds of services financial services to small and medium sized firms but even to banks so to modernize the

production of polio in a client business is one of the main costs and of costs reducing expenses and the elephant economists ben those are thank you very much for being on the telly it. italian prime minister matteo said vinie says his government want bob join next year's budget despite e.u. demands he says italy no longer wants to be a servant to silly rules after rejecting the initial proposal brussels has demanded broad present revised spending plans within three weeks credit ratings agency moody's has downgraded italy's banks to a notch above junk status due to fears state date may become unsustainable. italy's planned budget includes a citizen's wage the basic income scheme is aimed at pulling the poorest italians out of poverty but it will cost ten billion euros and could drive up that.

inside a job center in a poor naples neighborhood dozens of people are filling out the same form. a team of five employees helps them but they use paper clips and piles of folders more than computers. soon the job centers will be launching a new welfare policy but no one's explain the details to local officials. all see by three we've met two or three times and labor minister luigi de marco asked us to explain our difficulties that but every region has different problems but. it didn't explain anything about the basic income scheme or how it will be implemented in the job centers guiding the change a bit on the basis of outside of money while they've already ali says he has no hope the jobs i will find him work in the mine. that it was the same for my father he was signed up here for more than thirty years and never received

a phone call never. mind. the unemployed greengrocer gets only a few hundred euros per month but under the new scheme his benefits will be much more generous up to seven hundred eighty euros per month. the government plans include investing large sums into modernizing job centers which will verify that recipients are actively looking for work. but currently only three percent of job seekers find employment with the help of the centers. the new policy is designed to lift five million a talionis out of poverty it's part of italy's proposed big spending budget aimed at boosting private consumption economic growth and tax revenues. but if the scheme fails some observers warn it could trigger another euro zone financial crisis. electronics giant can go high is the first big chinese company to list on the china europe international exchange in frankfurt. it's

a joint venture between the frankfurt and shanghai stock exchange's household appliance makers initial public offering went moderately well trading slightly high of in the offer price of one euro and six cents the joint exchange known as sign eggs enables investment in renminbi products beyond mainland china can go higher as is the stock traded on sign x. will help fund the expansion of its european business. and we have the c.e.o. of sine x. with us from frankfurt gen han mr chen a major chinese listing what's what's that mean for your exchange. yeah. the major financial center of europe so as you say three years ago. a group called the major chinese security change and the features change to set up a judge ventured china european or national change in frankfurt. before today the major overseas least even for chinese and of rice had been in hong kong new york

but today is a historical day because of the story yes very do you fit code to prepare ration to work we successfully supports the leading hominy from china the number one company in the white goods industry from china to all bought the european capital markets to become the first to ditch year lease. which is part whole feuille regulated market change tell me why not the nasdaq in new york or just a few years ago that was the listing that every company wanted to make why not hong kong why frank. five years ago. the first to. list its whole call exchange but as you know more chinese in the price the green they are opening the are becoming more international so more chinese go into europe to develop the herb in these here

so that's why we follow this day itself the chinese comedies to europe to support the financial surveys so i think that's the best the logic behind china has see some criticism especially here in berlin and a lot of resistance when it comes to high tech companies and taking the high tech companies is china still interested then it doing business with with germany on those terms. why we are here to set up the joint venture is shared between. china germany it's a kind of sign no european financial corporation to support a better and further real economic cooperation as you know e.u. has become the largest trading partner of china the the biggest. for chinese investment as you you know paused. maybe you're paying at the international investors they said our factory the main base play in china and now

they continue to do that china is becoming more open and all the more chinese the probably are also going what five m. to europe to develop the our european business so i think it's mutual cooperation and a new jury investment just briefly should china is becoming more open trying to resist gradually increasing foreign engagement with its companies but mostly at a distance you'd have to admit. you know that's our unique role we can play because it's a joint ventures so we can help the chinese at a price to decrease the communication coast to wave the european investors we support the high quality chinese you know price to go to the european cup the markets while we bring the a g. of the new opportunities for the european base or to invest in china directly is that gen think you very much for joining us the c.e.o.

of signing. thank you and just briefly was sorry to report you didn't win the one point six billion mega millions jackpot unless you're one very lucky person in the u.s. state of south carolina laurie's organizers say a single winning ticket has been identified so far no one has publicly come forward to claim the winnings that. has gripped the u.s. and overseas players in recent weeks as the jackpot continued to swell it cost two dollars to take pot a small investment the prospect of that coming a billionaire assuming the winner can find that golden ticket. think it's crossed nice doing business with the.

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