b.w. correspondent with baker. grew up. in mexico about recipes for success the strategies that make a difference. baking bread. d.w. . you. as a prize decision in tokyo lawyers for foreman this envoys carlos goldman say he has been granted bail after more than three months in detention. also on the show beijing announces tax cuts of the national people's congress in a bitch to bolster the country's cooling economy. alone welcome to do business want to jones in berlin good to have you with us and a sudden change of heart in tokyo a japanese court has approved

a bail request for the former chairman of nisson motor carlos gold he could be out of prison later today but he's requested to remain in japan go and has been in jail some three and a half months and his bail has been set it's nearly nine million dollars gold was in charge of the renaud nissen mitsubishi out of alliance and he was indicted in japan over allegedly falsifying financial reports and to breach of trust he denies the charges. curious case for sure let's bring in our market correspondent early birds in frankfurt good morning to you now only the tokyo court had rejected two previous requests for bail what brought about this change of heart. well we don't really know we'll have to hear the court on that in the end but possibly and apparently the efforts of his new attorney and the new attorney said as much in a comment afterwards but. there are very strict. conditions on keeping tabs on this

travon he has to stay in japan and of course the high bail some will have contributed but it has to play out in court and that could be a while until that we hear more on that now when does this scandal i call it the car maker it's rather strange isn't it. it's very strange that perception here in the market has changed also over the course of the past months in the beginning it was a case of people being aghast at the kind of greed insurers exhibited by mr grown also. mounting up excessive power over the years harsh criticism but now seeing how this plays out in japan as conditions of confinement. the power struggle between paris and japan over the leadership of the alliances makes people skeptical that it was politically motivated people are eager to hear what develops when this case

really goes to court absolutely and you will hopefully bring us immediately up to date only routes in frankfurt thank you so much. now all eyes are on beijing these days as the annual national people's congress gets underway where the government unveiled huge tax cuts amid slowing grows hong kong the stocks headed into the break tuesday barely moved as investors held their breath for a breakthrough in the china u.s. trade talks that the focus of the opening session was china's stuttering economy beijing cut to growth forecast to six point six percent and twenty nine t. in a three decades and it announced tax cuts with several hundred billion dollars. told delegates the country faced a quote tough struggle. for more let's cross over to hong kong where catherine young from fidelity invest joins us on skype kathleen what is the beijing rather well low growth projection tell us about the state of

the economy there. in terms of the lower growth forecasts g.d.p. wise yes it is lower that we've seen over the past decade but it away the positive that we've taken out of this is that it means the economy is less likely to be driven so the cycle itself will become longer being supported or underpinned by structure grow so this focus on consumption and services that versus just the focus that we've seen over the years on fixed asset investment spending so belong to the best is actually bodes quite well all right talking of investment in china obviously is still very interesting for foreign investors and many of them expect beijing to pass a bill that will protect foreign investment in china what more do we know about that. at this stage still very little it is a bit like the trade discussion and the market trading on the back of what happens in terms of the tariffs until we get confirmation is very much you know by the result of fact in terms of the trade situation

a short term resolution is likely to occur the price of this is longer term though there are still issues between the americans or the chinese relating to foreign ownership levels relating to issues such as intellectual property so over the next three to five years expect this to ing and fro ing kind of relationship to continue between the two nations all right so this is rather a long term development then interesting though that despite the economic slowdown the world's top banks by brand value are all chinese how significant is that for the global financial sector. in terms of china's role in the global landscape both from an economic perspective as well as the capital markets perspective it is indeed becoming more influential there's so much capital coming out of china or in china you only have to look at the kind of flows we see with chinese investors buying hong kong stocks i mean it is enormous so no real big surprise that the banks are gaining market share globally speaking and in fact when

we look at m.s.c.i. the global index providers announcement last friday that increasing mainland stocks into that indices i gave this reflects the growing importance of china right catherine young there from the delegate invest in hong kong that sank you so much as always thank god. so where there's still an awful lot of cash a round even though the chinese economy is slowing and chinese investors still look for a bargain in greece they struck gold to the country attract chinese investors with rock bottom property prices and one of europe's most generous golden v.s.s. offering a renewable five year residence permit in return for a two hundred fifty thousand euro investment in real estate or truly a bargain. by some property and we'll give you a passport these are posted right outside the greek parliament in athens.

and for many investors from china russia and turkey in particular they offer a pretty sweet deal. invest two hundred fifty thousand euros in greek real estate and the entire ego will be open to you that makes greece the cheapest country in which to buy an easy you passports. the head of enterprise greece which is pushing the program insists it's not as simple as it sounds. the embassies and banks investigate the applicants thoroughly. they check their c.v.s. and acids. some of the checks can take two years i'd be surprised if there was a single case in which illegal behavior was uncovered but a golden visa was issued nonetheless. visa. the golden visa business is a ready booming on demand only seems to be rising. cost of pence's is

a real estate agent today he's at starting with his chinese business partner. he doesn't consider chinese restrictions on capital outflow a barrier to buying property in greece. we don't have this restrictions right now but. neither the chinese consulate nor the greek financial regulator responsible for investigating money laundering were willing to answer our questions. many chinese investors choose to buy property here in column nucky an exclusive district in the capital athens their apartments are often left empty. greases handed out almost ten thousand passports to foreign investors over the last five years those

purchases have brought in roughly a billion euros for the treasury. yes greece is once again bringing in investment including from chinese russians and turks as part of the golden visa program. but the source of all this money and the character of those who are buying into real estate here from places like china needs to be checked out they haven't been asking enough questions. in the past accusations of corruption money laundering capital flight and tax evasion have a company this is a live eat you pos ports but the business continues to be a source of income for many countries in the block. the geneva. switzerland manufacturers from across the world have arrived to talk about their new concepts for the future of mobility now the show comes at a troubling moment for the industry which faces a slumping chinese market and possible import tariffs in the u.s.

and then of course there is bricks which could raise. by college and they'll do malone told breaks it and other concerns with one of the industry heavyweights now in geneva b.m.w. chief. mr krueger briggs it is three weeks away but it's still beset by uncertainty we could still be facing a delay of this whole process now how are you dealing with it as a business that has a very big u.k. footprint clear on first flexibility you have to play with volatility we have a very flexible production system we can react on changing to mons and we will see what the politicians will finally come and what will be the outcome but flexibility is our key we are prepared for that. in the u.s. of course now tariffs on european cars remains a threat your biggest client is in the u.s. . now what will these tariffs mean to you if they come to pass i mean we have very proud that we have the biggest plant and from b.m.w.

and soft coal i know we are a net exporter from spot we are exporting more than seventy percent to the world to europe to china and we are clearly in favor of free trade so our business model and all the investment we have shown in the united states is based on free trade and i believe this is shown everywhere in the world that free trade creates well. their alliance with media headlines now i want to ask you whether this is the future whether more competitors will turn into collaborators as the landscape becomes more expensive and more challenging. where's the good strong competitor we both clearly pushing ourselves on together but on certain topics it makes sense to have a strategic alliance for example in the area of mobility services what we have set up a joint venture together on the case of generation two for total most driving because investments are very high you can put all the competences from both companies

together and that's why we did it. picking the brain of b.m.w. c.e.o. . and british prime minister to resign they has unveiled a regional development fund was one point six billion pounds it's called the strong the towns and it focuses on job creation and training opposition m.p.'s however dismiss the fund as a desperate bribe to gain support. breaks a deal made plans to present a final breaks it takes for a parliamentary vote by march. and that is your business update on thanks for keeping us company.

to take one step further. and face the pulse of. time to search the unknown and find for the truth. is hard to overcome down dreams and connect the world. it's time for. and you wus coming up ahead for minds.

what's coming up on the put to sleep you'll have plenty to talk about here on. the monitors lisa every weekend here. hello and a warm welcome to news from the world of alts and culture merrill and here's what's coming up today. one of all to indecorum is the artistic director that savvy contemporary one of the most exciting spaces he'll join me here in the studio. meet a german couple whose costumes have conquered the venice carnival. and . david leavitt's delves into hermann hesse in our series one hundred german must

remain. and we begin with the savvy contemporary art gallery here in berlin and its founder and artistic director of all. will be my guest in the studio in a minute it's a very unique place which calls itself a laboratory a form ideas a new way to look at all perhaps we'll find out but first more about the man and the gallery. of onto a thinks our relationship with art should be more open he favors horizontal thinking instead of a vertical hierarchy can approach. has always been open to the new born in cameroon's capital in one nine hundred seventy seven he studied food technology in berlin and received adult to it in many.