and it looks tense dent indeed there is a stretch to waste power base but it gets it's not going to happen then i think he can stay on but that much will depend on what will happen in the coming days and you can the next want stefan boss and good at cash thank you. you're welcome the next stop is business with the top of the hour. rearing to read. not everyone who loves books has to go insane. d.w. literature list one hundred you must reads. time for an

upgrade. our furniture that grows on buying. a house with no roof. or design highlights you can make yourself. trends tips and tricks that will turn your home in a special. upgrade yourself with d w's interior design channel on you tube. misleading investors on money laundering malaysia prosecutors takes take aim at u.s. investment giant goldman sachs bulging criminal charges and stripes reclaim billions of dollars in the massive one m. to be corruption scandal. and of a monopoly as china and india compete for influence in the region india is building

a new rail connection for a poll. now it's francois aims to breach e.u. budget deficit limits next yaz president has to finance his promises to the yellow vests italy appears to be. making a deal with brussels. and flying cars are becoming a thing yes really to combat gridlock in cities the idea is slowly gaining in currency and fund. this is eat up your business i'm getting out of his welcome the corruption scandal surrounding the state fund one m.g.b. continues to intensify malaysia said on monday it has filed criminal charges against us investment bank goldman sachs and to former employees goldman has been under scrutiny for its role in helping raise six point five billion dollars in three bond offerings for one malaysia development and giving kickbacks to malaysian officials in total almost half of the money is said to have been embezzled from the

from. i'll talk into underwear hang in singapore our correspondent there malaysia see small than three billion dollars in criminal fines that's a loss even for a player like goldman sachs but how big is the reputational damage. well this damage is rather extensive this is going to hit capital markets and according to the attorney general if no action is taken against these culprits if the crime goes unpunished it will affect its credit integrity is well on malaysia's part so surprisingly unsurprisingly rather this isn't the first time that goldman sachs employees have been stuck on the wrist in malaysia former partner tim allies pled guilty to bribery charges and his deputy was also arrested on the same charges in malaysia. is mindbogglingly big

and it's about billions and billions of dollars much of it ending up in the coffers of government officials it did cost malaysia's previous prime minister najib razak the job of the last elections but is malaysia doing enough to clean up that side of the story. by and large get her he is the malaysian government has been stepping up especially with the new prime minister dr martin mohammad in power the one m.t.v. investigative team has since meet their wrists and questionings that have since a child's joy love the suppose it must the mind behind the entire one m.t.v. scandal they have charged him in absence here and it helped was also has recently led to the arrest of former prime minister najib razak himself. and singapore thank you. china has a reputation for investing in developing countries especially in infrastructure

like railways roads and airports while some questions beijing's motives locals often welcome the projects but china isn't the only country setting its sights on this kind of foreign investment india is building a rail line now in the himalayas mountain nation of nepal in fact some say china and india are playing a game of monopoly in the ball vying for leverage and influence so whatever down so far china is building two airports in the country as well as highways roads power plants and the cement factory india has also started investing in the company albeit on a slightly smaller scale indian companies are building hydro power plants and rail links what about the pole it seems to be benefiting from the competitions but it's also becoming more and more dependent on its two big neighbors to the north and the south let some residents of the nepalese city of jenin poor come here every day to

check on the progress of the trainline construction project the new railway station is starting to take shape and they're looking forward to the new travel possibilities. you know out of the money we asked and. it cost a lot to travel on the bus. so once the train service starts it will be much cheaper and more accessible for everyone. and it did not live in the face the reality is the newly forged rails cover a distance of thirty four kilometers and connect john a poor in southeastern nippon with china car in the indian state of bihar it's hoped the project will increase business and pilgrimages for years nepalese politicians have been promising to add new train lines across the mountainous country both india and china have been competing to build them. connecting. by you know the trends india has and you know it overtaken john. obviously because they have already laid

down the tracks and the whole river system is going to function good within a couple of months. whereas. the chinese plan is still in a blunt way you know you can just fill in the map on the bit whether india or china end up winning more influence in the pot ordinary people are hoping they'll benefit from the investment. budget deficit. to rise to more than three percent of g.d.p. as a result of president obama promised to boost wages for low income workers he made the pledge following weeks of protests the demonstrations were originally spock over a planned fuel tax hike the response must cost crap the toxin increase the minimum wage by one hundred euros a month total cost of those concessions could be up to fifteen billion euros fuelling concerns of unsustainable government debt. meanwhile italy's government

has agreed on the bases of the new budget and avoiding disciplinary action from the european union countries original spending plans were found to be in breach of e.u. fiscal rules italy's leaders want to increase welfare payments cut taxes and reduce the retirement age but uses those plans will raise the country's deficit beyond acceptable levels the details of the revised budget are not yet known so let's bring bring in. our financial correspondent from frankfurt only three percent g.d.p. deficit limit is part of the used to bill it's impact what does it mean when a heavyweight like frogs breaks that. it's not the best performance that you can think of of course i talk to people in the market today and they said looking at the developments in france over the past weeks with. yellow vests it's

not surprising that president micro had to make some concessions but of course it makes the country look bad and the overspending will likely continue i say overspending because it's not just going slightly over that deficit budget deficit level of three percent of overall economic performance of g.d.p. france also has a much higher debt load than it should have and that's also a consideration and so this is not setting a good example for of course everyone else in the eurozone at this critical time in the eurozone while talking about about that italy is is the euro zone's third largest economy is in line with the three percent limit bought its overall debt is enormous france and italy beginning to weigh on the euro. they are but the euro as we speak is going up just a tad behind the euro is of course the e.c.v.

with all its firing power and while it's stopping buying bonds at the end of this year in just a few days it will continue to support the market with its other instruments and that's basically propping up the euro but of course there's a heady mixture there the two biggest the second and third largest countries going against the financial stability rules germany having a hard time for voting leadership at the moment in the e.u. and crow losing his role as a reformer in the e.u. it's a difficult time and it could affect the euro going forward. in frankfurt thank you . driving cars may revolutionize how we get around in cities at least the cities are now increasingly looking up into the air to solve that traffic problems believe it on lost a flying cars like this are really becoming a thing they could help relieve congestion sooner than you think japan's government for example just announced it's allocating forty million dollars in its twenty nine

thousand budget to support flying car technology. it's a vision of the future like something from a site by movie flying cars and the japanese government is keen on them it's looking into their practical use because flying cars could revolutionize urban mobility. well it won't make the city different with. mamie anything if it is needed for. joining it. but the whole wildlife over to. the other country get together to make. rules or new. poll flying business and frank. there are trials in other countries to test the technology chinese thought of flying car is being tested in the u.a.e.

much like that of germany is full of copter still the technology is in its infancy . i think flying cars can be achieved but for safety concerns i think we should develop the technology along with the regulations so was to avoid accidents you know accidental with this i must it's still early days for flying taxis but it looks like the competition is heating up in the air. so. if you're into that kind of stuff tomorrow today is up next the science magazine here magazine here on v.w. so states you know just off of this look at world markets at this hour thanks for watching by.

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our topic in tomorrow's edition next on d w. natural riches. precious resources. and a rewarding investment. of farmland has been called ethiopia's gringo. the country has an abundant supply and leases it to international coverage for giants government export revenues and the corporations high profit margins. but not everyone benefits from the booming business. would give when i saw the bulldozers clearing the land i was devastated give me how could they bulldoze the land without my permission removed what they knew would belong to me.

expropriation environmental destruction starvation. the price for government and corporate greed. the someone else of a country. dead donkeys fear no hyenas. starts to some. twenty ninth on d. w. y. well come to d w science show tomorrow today coming up. some people can't imagine a party without it but what really happens when we consume alcohol. as much of the world sizzles in the heat wave one is could be at risk of encountering multidrug resistant bacteria in force or. animal testing is

a controversial practice some scientists believed.