zeman c.e.o. jerry qasr praises saudi arabia's vision of a high tech future but after the killing of a saudi journalist he says business as usual is no longer an option also coming out of the u.s. federal reserve surprises no one keeping rates on hold with a hike expected expected play to eat at the dia. and schools of mysterious wooden towel was pop up all over hungry journalists blame corruption and gary and i want to. this is your business update on how to hunt for a glad you could join me well german industrial powerhouse siemens posted a mixed bag of results on thursday net profit for the fiscal year remained just over six billion euros that's a slight increase in the previous year the company's had some setbacks recently in securing new orders vying for a multi-billion euro order to build

a power grid in iraq a job the company might use to us can best the g.e. off to the white house and divvy is also problems in saudi arabia siemens was very late to counsel their attendance at the recent riyadh investment for him most companies who dropped out off to the murder of a saudi journalist kushal name on the home scene and saw the shares drop twenty percent over the course of this year. and earlier today my colleague. spoke with siemens c.e.o. a joke asr about a couple of particular geopolitical risks including saudi arabia and where the case his decision to pull out of a saudi invest a conference over the murder all of the journalists cost as he means a twenty billion dollar major power plant deal in the kingdom. the fact is that we did not sign a significant deal which was worth north of twenty billion that's true but obviously you know. things go as taiko and we have always made it clear we had

a very reliable partner competent partner of the kingdom of saudi arabia we have more than thirty million people mostly young people in the kingdom has been a lot of reforms which have been initiated so i think we need to look at all factors the things which really really are a bit well in the kim going to be shunted this thirty is a very very promising. vision and strategic concept going forward so there is a lot of cool things for there also have been talk things and i mean let's face it with the way what we have seen and heard about what happened in turkey is just not something which has moved into ordinary course of business with a greater sense parents either scallop the trust is this is what what the kingdom has promised to do and will see how it goes. staying in in the in the regions even

it was also in the running for thirteen billion dollars infrastructure project to electrify iraq again there are reports you lost that deal or parts of it at least to general electric after don't trump intervened can you confirm that. a lot of stories being written about this topic the fact of the matter is that stevens has had a very very comprehensive compelling concept not just about rebuilding iraq in terms of electrification but also help the country in training in education with the dual apprenticeship program of the german industry we also promised to help the people in the freed up so for basic healthcare so there was a very comprehensive concept which reached the government that the customer liked a lot that overstated has been. unusual special forces have been intervening maybe out of good reasons that's not my churchmen to make

on the other hand look i mean she even says in the united states there was almost sixty thousand people creating another one hundred fifty thousand indirect jobs so we are a massive economic force in the country we are training people there will be two revenues of more than twenty billion dollars so we are first and foremost also an american company which i believe deserves respect and a level playing field we are actually asking for they're going to go so you know and it's the kids are talking about the u.s. and you being very strong there how much money will the iran sanctions cost you you've already won down some of your business that you. well. the after the after the implementation dave years ago we have been studying opus li our contacts and. with our customers in iran now with the

unilateral move from the united states through to bail out of the the agreement we obviously need to see what that is who you are you know respecting the saying since we are very very very clear on that matter and that's exactly what we do i mean obviously these are unfortunate that there was a unilateral bail out of the agreement but it is what it is we need to deal with it and we are going to deal with it. that's exactly what we do and look at the economic impact is not really available to siemens thought as the money goes how much we're concerned about a further let's say it's collation on on on on the conflict in the middle east which is the last place we see to yet another conflict seaman c.e.o. joe case i thank you very much for joining us your case is speaking to my colleague says that while the u.s. federal reserve kept the benchmark lending rate unchanged on thursday the move

highlighting the continued strong performance all for the economy but it also pointed to a slowdown in business investment the fed's noted solid job gains for winning on employment and growing household spending they also signaled that there may be further rate royce after the rate rise before the end off the year. and i want to bring in our financial correspondent now jose luis and hot oh jose luis no rate rise this time around how is the market reacting to that and what all investor expectations for the next meeting. reaction from investors helen i was a pretty muted as there was no press conference or any update on economic projections that said as it is there right now the central bank is ready to increase rates have poured a fourth time this year next a design birth children from president criticism of freddie's looking those are full employment and salaries that are growing at its fastest paisley nearly

a decade are signs of that will justify such a move and avoid a danger was overheating of the u.s. economy trend will continue next year even. economic growth moderates right now investors are ready for at least two hikes in two thousand and nineteen while to put all these are projects three something that will call down the financial conditions and probably a stock markets but for sure will not sit well with the white house. or on wall street for us thanks as ever for your insights. google says it will change the way i handle sexual harassment claims google c.e.o. sun that shine promised more transparency in how allegations are handled as a week after twenty thousand cuban employees around the world stage to walk out to protest against what they call the culture of complicity and dismissiveness the shyness that they'll be no more mandatory operation sexual harassment and sexual assault claims and

a willing complainants to go public or see in future employees will also have to complete compulsory sexual harassment training. mysterious wooden towers cropping up across hungry and nobody knows why the hungaroring government's trying to silence journalists who keep asking questions and anti corruption activists suspect the towers are just another example of the local fest of a funds. a citizen's initiative is collecting signatures in budapest. they're petitioning for a european public prosecutor. the hungary in government is still refusing to accept independent investigations from brussels but the pressure is growing with every signature. doing this because the e.u. money in hungry gets stolen. and there's no institution in hungary to deal with this case is a fraud free sale effect at fairly. took at this and i get that i support

a european public prosecutor. without one of these thieves will live their whole lives never being brought to justice. in the village of to quote the european anti fraud office olof is already investigating and e.u. project is thought to have been declared far more expensive than it was eleven wouldn't towers were erected using e.u. money at seventy thousand euros per tower they were apparently built to promote tourism but there's no hotel or restaurant in sight hardly anyone in the village will speak to us then someone agrees but wants to remain anonymous the towers are of no use to anyone here he tells us people just made money off them people who initiated the project. it seems to have set a precedent a total of one hundred eleven similar structures have sprung up across hungary the

journalist who uncovered the case has been blacklisted by the hungary and government. hey look i shot my past that the initiative to build the towers came from a group of villagers everyone involved received around twelve thousand euros of forrester also got a considerable sum for construction costs and the rest went to an employee in the ministry like. hungary is sinking further into a pit of corruption the organization transparency international ranks hungry at number sixty six tied with. the money pouring in from brussels is only making the problem worse according to variety by a large from independent think tank budapest institute. and the utopian agency all of that is in charge of setting this question is on demand so they only look at the few projects and then they tell us that that was i miss you was that happens six or

seven eight years after the fact. just here on d w business thanks for your company and seems to. want. me i. need your support team to be

smarter with the t.w. force majeure. some dough more than double john tom smart. how about taking a few risks you could even take a chance on luck. don't expect happy endings. to the church. streets. climate change is just the biggest. killer. isn't it time for good. to go out africa people and projects that are changing the landscape meant for the birds so just to make a difference if you could go to my legacy d.w. . from

people make fun about their own social economic and political problems. in mozambique we say that you have to last so you don't write it's how people call me a day. as a journalist i often talk about these topics and that finds me less helpful to them i actually stop my day by checking all to all those jobs finding out what people are talking about what is moving them. my father taught me how to ask and confront above questions about my country and about books that is what i keep doing to state my name is that the school and i work at the.