the rich and former u.s. vice president joe biden is hitting the campaign trail he's announced that he is running for u.s. president he joins a crowded democratic field as bases questions about his own past you're watching e.w. news i bring golf v.w. business is up next with stephen beardsley stick around for that. ken the volume. that's hard and in the end is a me you're not allowed to stay here anymore we will send you that. are you familiar with this. with the smugglers what alliance and. what's your story. i'm working on was a women especially in victims of violence. take part and send us your story we are

trying in all ways to understand this new culture. not a visitor not again you want to become a citizen. in full migrants your platform for reliable information. and national banking champion not so fast germany's two largest lenders put an end to their merger talks we'll tell you what comments upon. concluded that bigger isn't better. and facebook expects u.s. regulators to penalize it as much as five billion dollars for recent data scandal does that mean the impunity of tech companies in the u.s. is finally coming to an end. also on the show hundreds of tons of illegally mind cold. or smuggled out of africa annually robbing countries of urgently needed

revenues miners say it's their only chance for a livelihood. i'm stephen goods in berlin thanks for joining us merger talks between germany's two largest lenders were greeted with skepticism when announced six weeks ago as well as outright opposition now those discussions between deutsche bank and combet spock officially collapse the fusion would have created the country's largest financial institution and likely bled tens of thousands of jobs the banks themselves said today that a merger would have been too costly and complex take a look berlin wanted it to happen but that wasn't enough to unite the two german giants banks said right from the beginning we would only go into these this which are if it makes it could all make sense if it is beneficial for shareholders and for the stakeholders this was not given the year off to very deep conversations and talks with comments but we came to the conclusion if we put the chances and wrist

against each other that we should stop the talks about this merger know the government's hopes of the two banks combining to create a powerful national champion for germany's finance sector have proven and should reach deutsche bank and commence bank have concluded that benefits would be outweighed by the risks if the structure and costs and the capital requirements. they've both struggled since the global financial crisis with the german state still owning more than fifteen percent of comments bank the argument from marching was that it would cut costs for the pair and the taxpayer but opponents argued combining two troubled banks would just create one larger troubled bank others criticize the focus on national borders. and door church the idea of the german champion never made much sense in the first place we have to take a european perspective we want strong banks across europe many of them and who's to

say one of them won't have their headquarters in germany dodge went out to watch a bank is ready and talks to markets asset management arm with swiss lender u.b.s. other european lenders are meanwhile said to be looking at comments bank. c.e.o. christian savings said he does see plenty of opportunity outside of germany and europe's crowded banking sector here's what he told german broadcaster. you know when we look at europe there are five thousand five hundred banks in the e.u. that's a huge number when you compare that with other regions including america that's a large banking density especially in germany we've always said for dogshit bank when was stabilized when the balance sheet a solid again when costs are under control again when we've turned the first profit but we have to be more profitable that we want to go down this path and then we'll be in a position to be an active player in consolidation in europe as well. let's

talk tech now facebook saying it expects u.s. regulators to find it between three and five billion dollars for the data scandal involving political consulting firm cambridge analytics the penalty would be a milestone in the u.s. which is avoided going after home grown tech companies unlike regulators new e.u. and the biggest us find to date twenty two million dollars against google in two thousand and twelve for placing cookies on safari internet browsers that pales in comparison to recent you finds a total of nine point two billion dollars against google on various claims that it abused its market dominance to promote its own products of facebook is of course now the focus on both sides of the atlantic the e.u. could impose a one point six billion dollar fine for recent data leak and there is that possible cambridge analytic a fine from the u.s. let's talk now to our financial correspondent new york jose luis de haro jose does

this mean that the u.s. is finally ready to get tough on these big tech firms like here in the e.u. . it seems that steve that you as a regulator is all moving in directions since the f.t.c. is fighting to facebook as you mentioned will be a record penalty for a tech company way higher down to twenty two million dollars one impose google in two thousand and twelve for misleading statements about online trucking so we could say that facebook's punishment will be more in line with that reason and finds that to companies such as google or although this being said the u.s. still has a lot of catch up to do when it comes to ensuring big tech companies accountability actually some critics and even u.s. legislators are still can see the d.f.t. see fine just as a lock on the wrist and in c.s. regulators amounts to pursue a strong and structural remedies and jose briefly just touch on this does that five billion dollars find if it does take place does that put a dent even in facebook. not at all steven we just need to take

a look at how investors reacted to the possibility of facebook shares and have rallied over six percent on thursday and even after taking three billion dollars aside already to deal with this matter its net income in the first quarter was two point four billion dollars brazil is the heart of their force in new york thank you . now over to africa billions of dollars worth of gold is being smuggled out of the continent every year through the united arab emirates on the way to europe the united states and elsewhere african governments complain they're losing revenues and that the mining comes at a high human and environmental costs biters say they just want to make ends meet take a look. a gold trader in guyana shows off his wares this gold is headed for market in dubai it was almost certainly mined illegally and will more than likely never feature in official export records around four hundred fifty tons of illegal

african gold found its way on to the dubai market in two thousand and sixteen that means no taxes are being paid to the states that produce the gold depriving already poor countries a vital revenue from their natural resources the miners some of them children work in dangerous conditions to feed the world's hunger for the yellow metal and. if that is. why i started school when i was young but it got to a point where my parents couldn't handle my jewish. school you know. you know like in school some of my friends they were into small scale mining and because i didn't have any supports to further my education i decided to join my friends and go into gold mining. what i mean. it was that gold mining provides a livelihood to millions of africans and it's helped some make more money than they

could dream of from traditional trades. the. rust is one of those who has done well out of it and he set himself up in business. i mean. this bar is the product of my hard work when we get the gold we take it to the town of talk because that's where our buyers are located gold has value. even with a small sample you can get a lot of money to take care of your family. but rust is one of the lucky ones accidents are frequent and many illegal mine is are killed on the job every year. over the e.u. now with the dutch fishing fleet is out of nets as the e.u. parliament has banned what's called post fishing a controversial practice involving sending electric signals to startle fish away from the seabed and then scooping them up in nets and most dutch strollers use electric poles as to catch fish now they have to return to traditional methods

meaning other nets producers however are struggling to get enough nets together for the country's fleets the production of just one that requires up to one hundred forty hours of manual labor. they'll be honest have you ever watched the business news and asked yourself what are they talking about well you're not alone the business world of course has its own language g.d.p. i.p.o.'s and be o.-m. g. it can be intimidating now when you tubers trying to make it less frightening or approach humor. if this kind of scene makes your eyes glaze over in boredom or in comprehension you might want to enlist the help of mrs dow jones himself despite finance influencer has set herself a big goal making the market interesting and relevant to millennial so. ever wondered what an i.p.o. is here's an explanation you've probably never heard before. you know how it's like

a huge deal to go public with a relationship it's also a huge deal to go public with a company. or part except in such as posting an interest lieschen ship status he spoke of going public with the company is a bit more complicated than your hard core finance and pop culture may not be natural bedfellows but the you tube or whose real name is haley sachs believes she's found the perfect way to explain finance to a younger generation it was her own confusion about wall street that prompted her to set up a you tube channel and so the stock market had always been around my entire life my dad worked on wall street third and my mom but i had always felt really confident about understanding and truly it just sounded like german to me her finances cool message has garnered her a following off line as well as on at

a recent event in jersey city she addressed a crowd of young people on issues like phones and real estate investment trusts i really like. mrs down because these are because they made the language a lot more available are you able to everybody if they're in you know mood of the financial industry and want to work mrs dow jones stresses she's not a financial advisor and simply wants to get a younger generation to understand how and why money makes the world go round. and that's it from in the business team i'm speaking there's an extra watching.

enter the conflict so finding the powerful my guest this week here in tallinn is mocking how many. of the conservative people's hockey despite cooling for blacks to leave the country few insists few is not a racist. most goods the move to support christine. we don't want to be face to the stone for conflict so for sixty minutes.

he creates kino a sex phone operator who wrote her master's thesis on the potato for her to meet. not to turn on well if it's more words that there was from a half. truth list from an extreme. here's what's coming up in the book asleep so much movement past the many faces. he . meant to just hold it like you're going to go it's going to take a look at all the meanings for the table for. the going to sleep every weekend here w. . what's the connection between bread. and the european union the nose gear about to correspondent alan baker john structures can live

with the winds sucked by the heat. stamping recipes for success the strategy that make a difference. baking bread on the d.w. . this is speed up the news africa coming up in the next fifteen minutes on world malaria day we gonna end our administration beat only licensed vaccine to protect against the misfeatures freight disease we have a report from gonna play malaria kills three children every day. will also get a report from mozambique play of malaria inspections in the aftermath of the last month's deadly cycle.