going and going super rich definitely around 20000000000. pounds of germany's wealthiest people live why do they keep such a low profile we have a snoop around to catch a glimpse talking to the distributors to see the rich starts june 10th d.w. head of the fact that. it's a merger that could reshape the auto industry france's renaud seems to welcome the advances of chrysler but what would it mean for japan's nissan. also on the show the e.u. has elected a new parliament we'll look at what it could mean for a commies and businesses. and how lies can cost lives we hear from an african startup the fights fake news. welcome to business i'm stephen beard's in berlin good to have you with us italian carmaker fiat wants to merge with its

french rival renault and create one of the world's biggest car makers save billions of dollars and raised plenty of questions about the role of rondo's current partner nissan. runnels supervisory board is considering the possible merger proposed by feet chrysler the company's largest shareholder the french government is supportive equal. the government is favorable to the move but as a rental shareholder we must look into the conditions of the deal after all of this merger must be good for the economic and industrial development of renato but also for the employees who said are you going to. feel it says there will be no plant closings from a merger and that both companies would gain by combining platforms technologies and markets the proposed merger would bring together 2 of the world's top 10 car makers and could theoretically create a new number one on the global market together rendell and fia tries or could possible going to toyota if friend o.

holds on to its partnership with nissen and mitsubishi publicly nissen says it will examine the merger but the firm is said to have been blindsided by the talks relations between the japanese firm and rental have worsened since the arrest of former alliance had called us gone on the fia tie up would only add to reynolds' sway behind the merger is a rapidly changing landscape for automakers new technologies like immobility autonomous driving and a sharing economy are of bending the market those technologies are expensive make it more attractive for traditional car makers to join together. the euro saw an early boost the day after pro e.u. parties retain their majority in european parliament elections that despite losing many seats now among those making gains were the climate focused greens euro skeptic parties also made gains although not quite as much as expected for a bloc already divided over fiscal rules and budget policies this means things could get even more complicated. italy's deputy prime minister said his party's

bigger lection when marks a rejection of brussels spending politics. of the of the european peoples also gave a clear mandate the europe of cuts and unemployment has failed everywhere the europe of precariousness and unemployment has been rejected in solving these cross his e.u. budget rules which italy continues to run afoul of rome argues it must spend money to boost its economy the elections were a setback for french president emmanuel mccall whose proposed eurozone reforms including a common finance minister and budget were already hanging by a thread. he barely scraped in level with euro skeptic magazine look pens nationalists results in the u.k. where brick city is one big suggest a hot bricks it may be likely to the chagrin of businesses on both sides of the channel. now earlier we asked our financial correspondent in frankfurt what more

fragmented european parliament might mean for business. very much because european law. local and regional law. there are so many business with their work on the european level of competition and training for example the talks with. agricultural. finance the regulation there and the list goes on and on. europe. going to be more pragmatic so there's going to be less consensus that's. more confrontation. and that means less certain you certainly from a business point of view and that's always bad for business and that's always bad for markets those are financial correspondent in frankfurt so staying in the e.u. how can consumers in the block ensure that their products are fairly sourced produced and traded i want to option might be to keep the entire supply line as

well as production and distribution within the e.u. something some companies are already trying to do take a look fashion made in europe produced fairly and sustainably that's what cereal in stands for the fashion house operates several boutiques in germany. there are many sustainable fashion brands but the difference between us and most of them is that we're really trying to do things with. this t. shirt costs $20.00 euros and the production chain starts increase although the country's top in production amounts for 80 percent of the e.u.'s total that's less than one percent of global cotton output most news in europe is imported from asia this textile mill does things differently it uses cotton from farmers in the surrounding area and that doesn't come cheap and quality has its value as well if we europeans don't want to pay for it we have to pay someone in asia. and that

means paying them for heart and often poorly paid work in the e.u. labor laws protect employees and there's a minimum wage in place at every stage like the next one dies it's fabric in poland . here and specifically in the area there's a complete textile manufacturing infrastructure textiles aren't just made of material and thread but you need you need dyeing you need many many other things like for example and all of that is available here. this t. shirt is also created here it's cut from the dyed fabric then sewn together and finally made ready for shipping to germany. online sales are managed in the northern german city of lubec here designers are at work on new collections and stencils to print the designs on to the t. shirts and as for the shirt it's the last stop before it ends up on the store shelf

. and now to the battle against fake news invited media entrepreneurs from all over the world to take part in a startup boot camp at its global media forum in bonn and put up a prize for the most interesting concept new scoop is the name of the startup that scooped up that award using block chain technology news scoop is building a platform that will allow journalists around the globe to work on the same story kind of like a media for news and some countries fake news has the power to kill we met some entrepreneurs to kill fake news instead. suva is fighting for the truth in his homeland the democratic republic of congo lies can do great harm. in europe and america. can lead to new moves and rules people. but to make. it to really know it is. to break.

for sure and therefore it was that thing that. cut suva and his team run congo check an online fact checking platform they tracked down misinformation on social networks and correct it besides their own website they have a youtube channel and facebook and twitter presences a total of 16 journalists are working on the project they're volunteers due to lack of investors. this is a great opportunity for us to to learn how to sell our project to do to show to people our passion yes that is. that is why i am here and that's what i'm hoping to get here there are 12 startups at the forum from a service provider in the field of artificial intelligence to a platform that produces content specifically for women in central america the workshops deal with financing corporate strategy and management also how to best

present your own idea something many founders find difficult. this motley loiter position and lots of intelligent people find solutions to problems but that also makes them a bit blind to the matter they have a high level of expertise for the core of what they're doing but forget that many others around them don't have these insights undertone home the lines become hot and insights are not in short supply at the forum. and neither are contacts from all over the world. and let's focus again on africa's senegal's economy grew by 7 percent in the last quarter when compared to last year but how would things there look with more more workforce participation from women currently female entrepreneurs there are a rarity. here in the times of photic in western senegal work begins at daybreak. the 1st task is to break the crust of the floss. once that's

done the souls can be gathered up in mine and. the woman running this operation is married us having spent a decade working in the male dominated salt industry she decided to use her life savings to buy her own patch of marshland. when i 1st arrived 234 months ago i saw a man harvesting fultz they got to keep whatever they harvested and i thought to myself why men i'm not women. but the entrepreneur doesn't only stand that for being a woman unlike most local producers she adds to her soul it's the chemical is thought to brain development in young children. in a country where i deem deficiency remains a problem that gives her a competitive edge. in senegal the rainy season tends to begin in june by then

my re hopes to have produced a 1000 tons of full. israeli drugmaker teva pharmaceuticals says it will pay the u.s. state of oklahoma $85000000.00 for its role contributing to america's opioid epidemic teva is the world's largest jannette generic drug drug maker and it agreed to the settlement rather than face trial the company's marketing of its act and fentora painkillers has been blamed for contributing to the opioid epidemic in oklahoma johnson and johnson has yet to reach a settlement and is scheduled for trial on tuesday. by suing business with you.

rock n roll. band. since rhythm condemned by the church. do you mean that you feel when you think. this is a heart stopping no one is more popular than jesus come book.

rock and religion a clash that brings many parallels tonight. are the 2 really sunk irreconcilable card the devil and local. storage june 17th d.w. . reliable data. news a distant 4th classic status. of the most shifts. of automotive history the phone trying to. play against time to take one step further. and face.

time here on just such the up. and find for the truth. is hard to overcome foundries and connect to cut it's time for. the ws coming up ahead. minds cut. welcome to arts and culture my guest today conductor antonella monaco is in demand of concert halls and opera houses across europe he'll be talking about his latest production i was sest a greek tragedy about the power of love. and. also on the show. food glorious food will be going on a cold unary pilgrimage to northern italy. and us photographer lauren

greenfield captures the insatiable greed of the ultra wealthy. but 1st in the world of tragic operas true love is a question of life and death this past weekend's premiere in munich was no different 6. the title character in the opera assessed is a queen who offers her life to the gods in exchange for their rescuing her husband belgian choreographer see the lobby shako we puts his contemporary spin on custom vilified cloaks 18th century opera. with antonella monaco on the can.