climate impacts return greater than we see over. it's really frightening. why aren't people more concerned. the little yellow. shorts mean to the first w. . cocksucking states on cool so despite a drop in profits a car maker reports the first quarter earnings in line with expectations but says it must be realistic about the threat of u.s. tariffs on european cars. also on the show will there be a brics it all won't there and what will happen if there is we'll see how the uncertainty affects people in the far reaches of the e.u. . allows welcome to do business on one of the giants and berlin good to have you

with us fox flagons cost sales fell in the first quarter this year the german carmaker delivered two point six million vehicles to customers worldwide that is a drop of almost three percent compared to the same period last year meanwhile profit fell to three point nine billion euros in keeping with analyst expectations along with the sales drop the company has also set aside one billion euros for legal issues even so v.w. says it remains on course to meet its forecasts for the year as a whole overall it expects to see higher sales and increased turnover in twenty nineteen than last year. from us bring in hyundai in frankfurt should us how's the folks i'm report going down there. one of our the investors here have actually cheered the results because you can see behind me the chart which is just bombed up later and that's primarily because of this five percent jump in folks

wagon and it's one of the biggest movers today and that in fact the biggest movers index investors are particularly happy about the fact that it has maintained its guidance to profit guidance for the year despite rising legal costs you mentioned the one billion that the company has kept aside to actually deal with these again. again and also the fact that despite the market slowdown the company has maintained its guidance remember china is a key market and china has not been performing well the auto sector there has seen ten consecutive quarters of a downturn and that's the market where folks are been sold forty percent of its cars last year and also the fact that the operating profit did fall but it is still in line with expectations so investors have a lot to cheer about here but folks are can be it optimistic about this year's performance and also cautions that the threat of potential terrorists is not off the table right. yeah that continues to be

a concern of course being heard folks are going to have a decent. the company is biggest risk to the prophet is in fact the terrorists in the u.s. this year and this is a lot it could cost up to two point five billion dollars that that is around thirteen percent two percent of the expected earnings this year and that's actually a huge. number that they're actually putting to this coming from the tabs in the u.s. and the c.f.o. today said that the company continued to be optimistic but was being realistic about the status because the one hundred percent of the porches in the u.s. are exported out of europe it's a huge market for another of folks organs most profitable brands throughout the all right as it airs sunday they are reporting from the front of stock exchange thank you so much. the u.s. federal reserve held onto the status quo and left a key interest rate unchanged in what it calls a patient approach that conflict signals in the u.s.

economy the fed has been criticized by u.s. president obama to trump who says a great country would be better for the economy meanwhile the u.s. private sector added two hundred seventy five thousand jobs in april more than the market expected but analysts warn that the robust figure could be overstating the economy's strengths. and oil prices have been rising this year really doesn't look likely the united states tough stance on iran is also doing little to help supplies of a rainy and oil who have been accent is from us sanctions through a waiver program have just lost their special status. the first of may marks the end of waivers for iran's eight biggest oil customers and this spells trouble for you ran the country's currency the rio has already lost two thirds of its value against the u.s. dollar in twenty nineteen and the i.m.f. so they khana me would shrink six percent this year before the latest u.s.

restriction no surprise iran says it's determined to continue selling its oil. because there is nobody can push iran out of the market even the us the biggest of them can't do that they are nothing no going to the us says it is working with saudi arabia and the united arab emirates countries that could raise production to fill the gap left by your reign and oil but traders are still worried experts say oil prices could continue rising. the latest round of u.s. china talks wrapped up in beijing on wednesday with u.s. treasury secretary steven minute and calling the meetings productive in a tweet coinciding with those talks china took another step in opening its forty four trillion dollar financial sector to the world announcing plans to remove limits on ownership in local banks and scrap size requirements for foreign firms that operate on shore the white house has ramped up pressure to reach

a trade deal with china in the next two weeks warning that it is prepared to walk away from the negotiations. as they are with china young entrepreneurs they are challenging the widespread culture of excessive overtime they want an end to what people call nine nine six working nine am to nine pm six days a week. dimension is a shanghai startup or develops internet encryption tools but recently founders who g.n. and his girlfriend cut who works as an advisor to the company have made headlines with a different issue they brought attention to china's nine nine six phenomenon nine am to nine pm six days a week the normal working schedule for tech employees and a clear violation of china's labor laws local police will of course labor protection you know in addition to the always the rhetoric that the seeing ok factory we know you guys want to be

a force you want to force your employer you all work that no one thought up the tech industry before together young men who have written a piece of text that programmers can use in license agreements it says that any company who violates labor laws loses the right to use the software and although both of them know it would be hard to enforce this they hope to bring attention to working conditions in the chinese tech industry. in the chinese internet their initiative has sparked a heated debate one of the most prominent voices found object man china's most successful internet entrepreneur says that china's economic miracle has been built on people's willingness to work hard to the young he has an advice finding work is like finding a lover he says if you are truly in love you won't feel the time passing by for startup companies or ever there are less romantic questions to consider eating is working for

a venture capital firm that invests in startups. it is very difficult for a startup in china to refuse working time if you spend less time dramatically and with your competitiveness be successful you need to be ahead of others says in question a shitty yen and goose say they are happy about the debate they have sparked but they are however careful not to be seen as political activists the tech sector has become a showpiece industry to china's government companies enjoy creative freedoms but the red lines are clear google says she was even surprised when a journalist started asking about politics the first question he asked me are you a leftist i i said i replied yes what is this. i know nothing about. the new generation of chinese programmers and tech workers are carefully figuring out how to talk about their issues without inciting the

government suspicion. back to europe and to brics it which has for the time being been postponed but no one really knows what's going to happen and when it's going to happen if it's going to happen well britain leave with a deal without a deal will it remain in the e.u. after all well all this uncertainty already prompted big names in business to lower activity or pull out altogether but how do ear citizens cope here's a report about the brics impact on the jungle gary ends. this is pari garion folk dance which danniella to savor teaches. here in the southern town of slack to a crowd every young person learns this dance even though most see their future house where. young people are leaving little known they either study in so feel or go to holland or london hardly anyone comes back to start

a grad office beauty and quiet but not much else danniella to services only son went to london several years ago the trained actor works there as a career now their conversations are dominated by pranks it has son is optimistic. even though. i don't think brags that threatens me personally i've been here so long i have a national insurance number and pay everything i'm supposed to the b.b.c. says people who've been here a long time will be allowed to stay. many invoke area fear hardbacks it around two hundred thousand by gary and send tens of millions of euros home from the u.k. each year heartbreaks it might put an end to that. humans as they prefer to go to another country isn't back to bulgaria because even though wages have risen here relatively quickly they're still not comparable to what's paid elsewhere for low

qualified jobs. to support. good danniella to save isn't the only one instructor grad with a child in the u.k. i have friends nina laurie's for her son he's battling with life in london she says dealing with the red tape so he can stay despite brax it. son send the money never ending student suffice it's a necessary separation is a member of course i'd prefer it if he lived here he loves it here but not to work he wouldn't work for two hundred fifty euros no young person does that. slatter grad seems likely to remain a town without young people even if banks it forces many bulgarians to leave the u k. well things aren't running too smoothly for some british citizens either even and especially those in the government britain's defense secretary gavin williamson has been fired over allegedly leaking information to the press about chinese tech

giant sure way he said to have revealed details on a national security council discussion regarding he always participation in the u.k. five g. network and williamson denies the allegations his sacking comes amid a discussion across many countries as to whether working with a chinese tech supplier quit usher in cyber security risks the company was founded by a chinese military officer that has close ties to china's government so. that's your business update here on d w for me and the team in berlin thanks for keeping us company.

we're not here to try. to eliminate prejudices. we're not here to change your opinion. but to open some space for different points of view we're not here to speak on behalf of anybody but to let every. speak for themselves. not sure to give the right answers but to ask the right questions. were not here to

indoctrinate but to listen. plus ninety connect to an unbiased agenda subscribe now on you tube. i love you on a warm welcome to this stash a live edition of ops and culture i'm robin merrill. special because we have just one topic today and that's this city for decades berlin is being a mecca for offers from all over the world west berlin when it was surrounded by a wall and since that will fall and nine hundred eighty nine even more musicians artists filmmakers etc have made their way here but is the rush over the still

a mecca for the arts but it's all subject to day. so has become too expensive and too cool for many struggling artists have lost the studios all rehearsal rooms to soaring rents credit tree developers here's a clip from a documentary about two artists who left but eventually returned. the other depict choctaw is a multimedia artist from the united states her husband alexander is best known as the basis for the band. this film shows how they came to a point where they felt they couldn't breathe and brylin anymore. by giving up our house. green peace and. we left berlin back then because in twenty ten barely had arrived at a point in its develop.