he took part in the greatest adventure in history. the hebrew the legend former simply human being. to warm strong starts july 20 years on t.w. . the european central bank is in for its 1st female leader good at the i.m.f. for saying the gods pull together the blocks economy says the president of the e.c.b. . austria bans all use of the world's most widely used to have us i'd like to say a huge blow to new waters bio. and facebook's fledgling cryptocurrency libra faces more scrutiny from both sides of the atlantic. and paid for soul and extra business she's got big shoes to fill our druggies time as boss of the european central bank

is pretty much up e.u. leaders nominating i.m.f. managing director christine lagarde to take over a position still needs confirmation analysts say it will be difficult for her to emulate the eye catching policy steps of super mario she's a ready one of the most well known figures in international finance bringing with her a wealth of experience and a reputation as a trailblazer for women in 2007 christine legarde became the 1st female finance minister of france an experience that french president emmanuel mccoll says could benefit her as e.c.b. had. she was the finance minister at a time when it was particularly complicated as she faced the biggest financial and sovereign debt crises of the last decade. having earned credentials for shaping the

french response to the financial crisis she went on in 2011 to become the 1st woman to head the international monetary fund her biggest challenge in that job handling the greek debt crisis. but her career has not been without controversy in 2016 a french court convicted her of allowing the misuse of public funds guarded was neither sentence nor find the i.m.f. stood by its director. on twitter legard said she was honored by the nomination to head europe's most important financial institution during the nomination period it will fall on her deputy david lipton to take over the reins at the i.m.f. . responding to news of his boss's likely departure he said his institution's loss would be the e.c.b. ease again. german economist peter bofinger joins us to talk about god what do you think about the pick well i think it's

a very good choice maybe not an excellent choice she's a very qualified chief minister of the i.m.f. she's done a great job one could say well. better to have the economist as the head of the european central bank she's a lawyer. and of course the be challenged the very difficult topics in the next few months and years so interest rates are extremely low it's very difficult to get lower developments like the cryptocurrency said very complicated and so maybe an economist would have been better but on the other hand has suffered at the i.m.f. she is deeply involved with motley economic issues because issues like financial stability and i'm sure she will do a very good job she's already clashed with germany on things like the greek debt crisis so there has already been tension there between her and some member states how do you think that will play out with germany being such and playing such

a huge role as as the e.u.'s finance to really well this is true i think she has to do more to have deficits to stimulate the economy to to try to reduce a supposition and i think she's right on that and if she insists on this will be ok because as i said the roof on maneuver for monetary policy is extremely limited but there's a lot of room for maneuver and fiscal policy if you need to do more she's right what about. misuse of public funds during her time as french finance minister while this is a legal question i can kind of answer this i think all of french politicians have some legal problems but i think if she's a qualified person and she will do a god good job of europe and fall of the euro i think that is really what matters you mention she's not an economist she doesn't have to rank active monetary policy experience but we're also talking about someone who's not a technocrat you technocrat is chosen for a job like this and known by

a nonpartisan technocrat she does have the backing of trump she knows her way around big organizations like you said but but what do you think about. playing a role where she can take favorites she. favor france for example well i think it is it is policy is a policy for the euro area as a whole and i think this is what mario draghi has done and if the euro area prosperous it's good for all member states and so i think it's not good idea to do favor to specific economies but overall it's the euro area is an entity and i think doing something that's good for the euro is good for member states the euro area is also extremely factitious at the moment just just laugh lastly how do you think she'll do at pulling together these very different economies well i think this is really a difficult job if you look at what's going on it's early and i think this is where

you need some some genius like mario draghi with his board but he takes the thing and could she emulate him i think she could i think it's very difficult because my drug is a genius and he has done a much better job than his predecessors but i think she has a quality to do the same thing i thank you very much for coming in today for shit. now one in 3 german jobs depend on exports and the international taff dispute is increasingly putting those jobs at risk the chambers of industry and commerce the cow makers association and germany's engineering group have all lowered their production full costs blaming the u.s. president. for the 1st time in the history of the chamber of industry and commerce a survey the number of german companies with a pessimistic outlook exceeded the number of optimists the d.-i h. kerry says uncertainty caused by donald trump's trade war with china and the european union is contributing to

a cooling global economy. investment plannings are on the retreat right now our companies are shy off to enlarge their capacities so we've never seen such a slump in investment planning in our survey before germany's exporters of had 9 successive years of growth but dependence on exports has made the country vulnerable to prolonged trade conflicts d.-i its forecast for growth in german exports over the course of 2019 to just one percent against the 2 and a half percent forecast that's way below the average annual export growth of recent years the germany will have to look for new markets in less industrialized nations for example in latin america there are always opportunities. and new markets could be explored not to speak about africa which is more or less unexplored

continent by businesses but german exporters will have stiff competition from the chinese who have been developing african markets for years. austria has become the 1st e.u. country to ban the controversial weed killer life a state if a lose a vote in parliament decided. based of blood of lawsuits in the us of allegations it causes cancer the move could set austria on a collision course with the european union brussels has approved the use of life is safe until 2022 when the allows member states to make such a move under special circumstances. and so too our financial cards are about this who's in frankfurt comrade austria is only a small country but how big a blow is this to buy a. it would be

a relatively small blow if it was an isolated event but it's not the negative headlines are really piling up for by a monsanto in terms of glyphosate or roundup that's the name of the product that you can find in the stores. and you know we're not only talking about the sale of the wheat killer itself we're talking about genetically modified plants which monsanto has developed which are resistant against apply for sale this is a huge business for the company and of course this business is now under fire other european countries have already been moving in the same direction what sort of a collision course we see with the e.u. . that's that's true other countries have moved as well it's a lead the czech republic the netherlands at least they have implemented a partial restrictions against leifer say a total ban you're right would be officially against the law of the european union

but you know ben i don't think that the new commission of the european union which is currently in the making in brussels that it's being assembled right now really at the very beginning of its reign want to oppose something as popular as the bad of this potentially cancerous weak or abusing force there at a very strange. u.s. lawmakers have urged facebook to halt its cryptocurrency plans they want time to investigate the risks libro poses to the global financial system it comes as regulators in europe call for closer scrutiny a senior official of britain's financial watchdog says the issues raised by deep thought and detail. introducing lead perhaps a new global currency design for the digital world facebook has promised finance for the future with its new crypto currency announcing its arrival mark zuckerberg

said libra would empower billions of people even those without bank accounts will be able to send money around the world with these what's more facebook says libra will be what's called a stable coin meaning it will have none of the volatility associated with bitcoin and other crypto currency it says it will ensure that by linking its value to other established global monetary systems major players are already backing libra even if some of the world's financial leaders are not. bank of england approaches libor with an open mind but not an open door. and now a group of u.s. lawmakers has written to facebook asking them to put their crypto currency plans on hold until congress can assess the risk it poses nevertheless facebook's plans to disrupt money continue to progress with libra expected to begin filling digital wallets in 2020. he was an auto industry legend.

not only created the iconic ford mustang but also save chrysler from bankruptcy he died tuesday at the age of 94 he began his career in 1946 as an engineer afforded quickly rose to become the company's vice president at age 36 but it wasn't all smooth sailing. 78 after a span management image of chrysler which he's back to profitability after a crisis. nice doing business with here.

blood. means tom. to take months to her. benefits it's a. tough year of just such the up. and fun for the troops. it's hard to overcome boundaries and come to a. time for. indeed every day is coming up ahead.

minds. earth the home for saving. those tell stories of creative people and innovative projects around the world that protect the climate and boost green energy solutions by global oil has been a series of global 3000 on g.w. and online. hello and a warm welcome to news from the world of arts and culture i'm robin merrill that's a look at what's coming up today with featuring the roaring twenty's the jazz age is live music in the studio with the rufus temple orchestra and we'll be looking behind the scenes of the f.t. orchestra who featured in the famous t.v. series bob and on lead. and speaking of which. is the

most expensive t.v. production ever here in germany costing around 40000000 euros it's a crime series set in the weimar republic of 929 and the 1st 2 series of insult to netflix are now they can be seen all over the world. police investigate berlin's underworld just a few years before the nazis rise to power berlin was a gritty place back then. getting on the pot is the main character gradually the detective realizes that the corrupt swamp of politics and crime goes so deep that he's in danger of losing his footing. shot of the target as a young working class woman with dreams of something better she does odd jobs for the police but wants to be a permanent part of the team. their stories are spun out before one.