news live from above and still to come in german multinational pharmaceutical giant tobiah is to slash twelve thousand jobs as part of a savings on restructuring drive the company's feet under pressure since part of monsanto in june. another comfort well how about so story in your business a case is bob's the best all the day's business news on the back of the top of the hour with a round of all for there is a world news in the meantime of course there's always the website called the day. great yourself with g w interior design channel on.

climate change. waste. pollution. isn't it time for good news. for go people into projects that are changing the environment for the better it's up to us to make a difference listen to split shoulder. be good for go environment magazine. long d.w. . a bad day for the gemini giant says it set to sasha twelve thousand jolts the massive restructuring comes off to its mammoth take a fall month sound. police raids a torch a bank and a money laundering probe send its share price in dipping. we take

a look at the financial fallout and ask is this the beginning of the end for germany's biggest lender. also coming up is your cost spying on you in china revelations that elektra college life is tough the details of their whereabouts sent straight to the government. and five years after a textile factory collapse killed over a thousand workers the bangladesh government is forcing western safety inspectors out of the country. they say is your business update on how that humphrey glad you could join me german a farmer john bio says it is planning to slash some twelve thousand jobs as part of a massive savings and restructuring drive and says a significant number of those cuts will be in germany bias says it will be divesting its animal health business to boost focus on its cool pharmaceutical and agricultural businesses the restructuring comes in the wake of a sixty three billion euro acquisition of u.s. crop sciences joint monsanto earlier this year our shares have been under pressure

since one santo lost a new suit over life of state based weed killers which many course counts. a busy day out the frankfurt stock exchange following it for us is a financial chorus one of the first how's that been invested fallout from the announcement of those by a job cuts to come. where they. did they are dollars to buy taking the shares so the buyer share was gaining up until that point and when that news hit the buyer share dropped into negative territory and it's still trading there now just briefly before the trading ends here it's true trading down about one point five percent not a great margin but as you mentioned buyer has already lost so much this year it's down for the year already by a boat more than thirty five percent so investors are still nervous and something like this makes them more nervous. it's a little bit of a surprise if you're

a long time stock market observer often job cuts lead to higher prices because people think yeah those are necessary measures painful for everyone involved but necessary to increase profitability here they seem to be a reminder of how many risks and challenges buyer has there at least as cliff as that damage claims talking about challenges another big story today playing out in frankfurt deutsche bank is in serious hot water with its offices raided in a money laundering probe shares fell odio where all we know really. yeah they're still down there they fluctuated a little they were a little bit better less in the red that means today but now just shortly before the end of the trading they're also down about three and a half percent biggest loser here and investors surprise the not taking this news very well they of course immediately thought that there would be a fine involved at some point down the road and of course for the reputation of the

bank it does not argue well and since september now it has an official supervisor that's supposed to check whether they do everything right legally in compliance wise and investors hate that sort of development a financial correspondent who does the spots for us at the front foot stock exchange thank you. bangladeshis say it's you can count safety inspectors bruce and off to the run a pause a tragedy an april twenty third teen when more than one thousand textile workers died in a factory collapse the tragedy shine a spotlight on the working conditions in the sweat shops of the bangladeshi garment industry used by many cheap western clothing brands 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. worsening conditions for garment workers many are worried that the departure of international safety inspectors from

bangladesh would mean just that. the country's high court is objecting that 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 car collapse in twenty thirteen. 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 for big global brands like h. and m. and prime mark. since then the teams that help identifying 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 and for more on this we're joined by. the european center for constitutional and human rights welcome to the program mary and now we understand that bangladeshi inspectors a set to take over why has that caused such concern. well the bangladesh accord and fire safety is the one outstanding project in the world that really is effective in ensuring fire safety and building safety in garment factories all the other voluntary audit systems have really proven to be not sufficient and ineffective because they have not been able to. make disasters like the run up as a disaster and possible all those factors have been audited before by social auditors those are through me unreliable and the court is by now the only mechanism

that has proven to be effective in fashion efficient and workable so unreliable audit should we then can kluge that this will lead to worsening conditions for garment workers there in bangladesh. yes i'm absolutely afraid that this will be so and it's absolutely shocking that one mechanism that works that is transparent that is has integrity is now about to be thrown out. eventually though i do imagined it would be preferable for bangladeshis to monitor their own industry so what needs to to happen to get to that stage. well absolutely is preferable for the bangladeshi authorities to take over fire and building inspections but they simply have not done anything over the last five years since the rana plaza except for watching the accord and being quite critical of it so of course the bangladeshi

authorities one of first of all should let the record stay in the country and then slowly take over the integrity of their court and efficient and unbiased. audits of the of factories and inspections of factories but that i guess would also definitely mean that they would have to limit the influence of the bangladeshi garment industry in their interests in not improving working conditions right and that isn't the case at the moment so dealing with the situation as it stands do you do you expect this to have an impact across the global supply chain. well we are advocating in telling global brands that a system like the accord is basically the only way they can fulfil their human rights due diligence and that if they do not do so and if they do not try to have similar lee efficient and transparent auditing systems that they do will run into

a lot of problems such as litigation for example many in the saga mass the vice legal director at the european center for constitutional and human rights great to have your insights thank you thank you. general motors his decision to close ups of five plants in north america shocked employees and their families and in lordstown ohio where the company wants to close down an entire manufacturing site some workers say they're still clinging on to the hope that g.m. is management will change course. tell me what he called his proud of working for general made his father work here too at the g.m. plant in lordstown ohio as does his brother tommies always hoped his kids might one day find a job at the factory too so the news has devastated him you know i feel that. there's a good chance g.m. might literally shut its doors and if that happens i feel like you know our town is

just going to be you know done just finished g.m. is the biggest employer in rural lordstown but the plan's only produces the chevy cruze off to rule small and compact cars are not that popular in the us anymore g.m. stock increased by about ten percent the day after they made the announcement so investors are happy with that because what serves the bottom line of g.e. and these companies is not necessarily what what is best for these communities and certainly what's not not what's best for the workers as chevrolet impala was the first cars have rolled off the assembly lines here hough a century ago sixty million cars later and the lordstown factory could face closure on march first next year there is definitely still hope because i think even even mary barra the c.e.o. of g.m. knows how important that lordstown is taught us and maybe you know

why i'm doing this is just a reminder to let her know like there are people like me there are people like me that have children that depend we literally depend on being able to go to work and make good you know money and get our paycheck at the end of the week and if you take that away from us what are we going to do tell me while they carve and others know that their union the state government and president trump are on their side they just hope that they can keep their plant and their livelihoods going. that's have plenty more news coming up at the top of the hour i'm helena free in ballet and right now here's a look at the world markets as they sound thanks to a company and see see our.

country going to international talk show for journalists to discuss the topic. to suddenly talking about the united nations package this aims to provide a framework for a safe over the meat and regular global migration critics though say it will only lead to more of a mass migration whose rights join the discussion here on poultry should.

go next on d w. o. i know i think that well i guess sometimes i am but most often women have an agenda of things deep into their jemma culture of looking at the stereotypes. question that is think the future of the country that i now live from. kiev you don't seem to be taking his grandmother day out to meet us it's all about ok bob no i'm a joke join me to meet the gentleman from d.w. post birth home to millions of species a home worth saving. here which is on those are big changes and most start with

small steps globally two years tell stories of creative people and innovative projects around the world like to use the term climate change to green energy solutions and reforestation. they create interactive content teaching the next generation about environmental protection and more determined to build something here for the next generation of global indios the multimedia environment series on t w. a lot of very warm welcome to quadriga coming to you from the home of a bullet and this week well focusing on the growing international over the united nations migration pact the documented use to be adopted next month aims to provide a framework for.