that is coming up and a whole lot more the latest with gary hart our first and our whole team here at d.f.w. i'm sorry kelly and our land thank you so much for watching have a great day. history shows the story of the first movement were told from different perspectives by peter craig i mean from the eastern european perspective from the african perspective from the perspective from turkey from the arab world. t w dot com slash w w one. india. how can a country's economy grow in harmony with its people and violent. when there are do

workers who look at the bigger picture. india a country that faces challenges and people are striving to create a sustainable future. clever projects from europe and. eco india on g.w. . new trouble at deutsche bank and this time it's serious prosecutors to send out one hundred seventy strong rape team to the offices of germany's biggest lender the allegation money laundering on the mind boggling scale. also on the show no brags that scenario leaves the u.k. on sprays to. two official alarming for cuts.

germany's biggest lender and the long arm of the law police officers raiding six of the bank's offices with a special eye on two employees there legibly involved in helping clients evade taxes we'll have market reactions and expert analysis but first this report detailing what's at stake for the beleaguered bank. as far as banking violations go it doesn't really get much more serious than this bank is accused of helping clients hide money earned from crime business mission of money laundering reportedly based on revelations in the two thousand and sixteen panama papers some one hundred seventy police officers descended on six of the banks premises in and around frank first the specific targets of their investigation not yet known these are the kinds of allegations that if true could mark the beginning of the end for deutsche bank demise some say has been a long time in coming. has posted three consecutive years of losses earlier this

year it as its british boss john cry and in favor of this man insider saving now it will be up to him to address accusations that georgia hasn't only been mismanaged but involved in far shady or potentially criminal business. background on this neverending story of the trouble with. joined by marcus minds of the tax justice network market reporter. in frankfurt marcus let's start with you and the what do we know about the details in this particular case what makes it so special. but what we do know that it's in relation to the pentagon papers and this is long overdue this is a very welcome step after all and there's talk about nine hundred clients being

managed from a b.v.i. subsidiary in twenty sixteen of the dacha bank which all race red flags apparently in the prosecutors or the investigators ice and that is really one of the machias tax havens in the world the british virgin islands so i'm very encouraged to hear about these news. surprised. i was somewhat surprised that. officials would take finally action because it's been now two years that they've been icing these files and we have seen in other circumstances and other situations that german prosecutors to very long to take action for example with the k'nex files these massive tax avoidance schemes they only informed foreign european counterparts many many years after we found out about it details and took no action to prevent german losses so this this is the first instance that i know all the german prosecutors have taken action on

a massive scale not to prevent german tax income but also to. let money laundering which is potentially at the benefit of german banking assets. only in frankfurt let's come to you for a second a bank shares are probably not doing well what are you hearing there on the trading floor. trading floor reacted immediately the investors smelling us to find there and who knows how high that will be that will be of course subject to what this investigation results and the shares are now trading about three and a half percent or below what they were at the end of trading yesterday and they tanked immediately when the news came you can see it very well on the chart that you can access when you look at stock market prices went from a nice gain for the day up until that point to in the media turn into the red the georgia bank itself is acknowledging the raid and says that it does pertain to panama papers or confirms that and says it will be cooperating with the authorities

. because it has seen a lot of trouble over the last couple of years but it seems this case might be bigger than anything we've seen before why is that. well the scale of the pentagon papers is probably the reason there and it's the german headquarter criminal justice that goes off that many other foreign company have taken action now it's the germans who go after the bank not only one among many other banks like. scandal but as banks that has probably figured that has to be the most prominent you know i don't know papers and that is going at a cool off the dutch bank's business model of managing foreign assets and of debt for also being very much in the crosshairs of money laundering temptations. no question for both of you and start with you only christiane has taken over as c.e.o.

only in april he's been with the bank for decades is he the right man to clear up this man always need to implicate too closely connected. well at the moment just to give you a quick answer he seems to be the only man who's up to the job of handling these legal affairs and also at the same time restructuring the bank letting people go deciding what is to be cast overboard and what is to be kept with possible profits for the future and so far he's had a very good reputation with the public remains to be seen if he has any involvement in this panama paper scandal so far in the other scandals his name is never surfaced then of course he can't continue as c e o but i think many people would be . finding another person to replace him at the moment he's been tested to be doing a good job so far marcus same question to you is. all i am afraid i'm not able to comment on that i'm not trying to get enough with

the leadership circles and discussions and potential personalities there i'm afraid . ok fair enough marcus months of the thank you very much also to will advance in front of. thank you the u.k. live in the european union with no deal would have devastating consequences for the british economy that's the consensus of both a government report and an analysis by the bank of england in any case britain would be poorer outside the bloc both reports suggest but it is all a divorce without a deal will multiply the negative impact in two weeks from now british m.p.'s are set to vote on prime minister terrorism is braggs a plan. hard line brick city is would call it scaremongering but the bank of england says the figures don't lie. by the end of twenty twenty three g.d.p.

is more than ten percent lower in the disorderly scenario compared to that may twenty sixteen trend. the bank also said if the island nation has to leave the e.u. in a holiday breaks it the pound could plummet twenty five percent against other major currencies that's a worst case scenario it says but possible have the country doesn't agree to a deal even so it's still far from clear that to reason they will be able to push their agreement with the e.u. through a combative british parliament although she's doing all she can to give things a positive spin on what we see behind the analysis that we have published today and indeed the chancellor recognise this morning is that our deal is the best deal available for jobs and our economy that allows us to all of the referendum and realise the opportunities of rights in. the analysis carried out by the government also shows britain's economy will suffer even if the deal goes through so the big question is just how bad will the damage be if the deal is passed says the study

the economic consequences will be much less drastic shortly before the vote on december the eleventh breaks it remains as contentious as ever. to bangladesh where the government is about to kick out safety inspectors brought in after the rana plaza tragedy in twenty thirteen when more than a thousand textile workers died in the factory collapse the tragedy has shown a spotlight on the working conditions in the sweatshops of bangladeshi textile industry used by many cheap western clothing international pressure forced the government to allow safety checks but now the international team of inspectors will be forced to leave the country this friday for. worsening conditions for garment workers many are worried that the parser of international safety inspectors from bangladesh would mean just that. the country's high court is objecting them amid

a bid from the government for more control over the inspections the international safety regime was put in place after one of the deadliest manufacturing accidents in history. over a thousand textile workers lost their lives on the run a plaza complex on the outskirts of the collapse in two thousand and thirteen. the labor unions have called it a quote mass industrial homicide. inspectors were brought in to oversee safety improvements in more than twenty three hundred of bangladesh's garment factories many of them are suppliers of clothes from big global brands like h. and m. and prime mark. since then the teams of help identify and fix over one hundred thousand safety issues in the past five years studies show that in the same period deaths across the sector have fallen from seventy one annually to just seventeen.

but the bangladeshi government will take over the monitoring is a cause for worry for many experts they say it's far from prepared to do so. that's it for me on the business team here. folks in europe it is up next so stay with good to meet w. and just off to this local markets this hour thank you very much for watching by.

russia is becoming a hotbed of. company information and stigmatize nation in some cities a child is spreading rapidly. here in the several roles russia's age i think of the democrats been moving to a new phase making a definitive transition from the so called falling rebel groups to debate politics h.i.v. in russia. next. entered

the conflict zone confronting the powerful. this week or the special edition of conflict zone is coming to you from the bowling coliseum. state troops what would it look like. oh. look. carefully. to the.

disco. documentary to. a low and welcome to focus on europe i'm brian france has been shaken by the biggest protests the new years with hundreds of thousands taking to the streets against a president considered by many to be out of touch with everyday people the demonstrations in paris turned violent with small.