she took part in the greatest adventure in history. relative and they're going to. push. the legend was simply a human being. no armstrong starts july 20th on w. . ford and clocks i can take their alliance into overdrive 13 up on electric vehicles and self driving cars in a bid to overtake the constitution. also in the show a regional power struggle plays out in the tiny south pacific island of tonga. and what to do with 28000000 tons of unused through one young japanese entrepreneur has come up with a tasty answer. this is the w.

business i'm on in berlin welcome a challenging time for the global auto industry has made some of the world's biggest car makers wary of going at it alone 5004 and have announced cooperation in 2 areas where they've struggled to make inroads electrification and autonomous driving force there's long been speculation folks bargain and ford would team up on self driving electric cars but markets like certainty the confirmation from v.w. c.e.o. herbert and ford chief jim harkat make out a new york news conference boosted shares in both automakers. will put $2600000000.00 into ford self driving units are go. which is valued at $7000000000.00 we're now confirming that we will expand our collaboration into a thomas technology. we share the view that technology is an enabler and it's not immune to itself that was one of the 1st things that herbert very aligned on

a people will remain our constant focus in this ever changing world. the w one ford and to put autonomous vehicles on the roads in the u.s. and in europe. the deal makes v.w. an equal stakeholder in ford self driving cars business and ford will get access to be w.'s electric vehicle technology. they remain competitors in the marketplace but teaming up on our go ai gives them technological know how and scale as well as geographic reach investment in our ai will provide does this one of a kind of driving system technology it will enable folks walking in for it to be signed and manufacture s.t.s. vehicles based on this technology from our perspective this is a real situation. to tie up as part of a broader partnership between v.w. the world's 2nd biggest carmaker by sales and 6th place ford.

joining us now from new york is our financial correspondent yes carter yes this is a partnership that hopes to make the best out of 2 very challenging areas for the auto industry electrification and self driving how do you rate the partnerships chances for success. well i mean basically all the car makers are starting a partnership to develop electric vehicles or go into self driving cars and windows market specially when it comes to self driving cars are really will kick off will be profitable will be a mass market could be years ahead so this is not. success guaranteed but on the other side probably it's necessary to start a partnership to not lose touch as all the other companies are investing

in this potential multibillion dollar market well zooming out on the wider world of markets yens it's been a very notable trading week with the u.s. in this is reaching record highs do you think that's set to continue. you know we had a record breaking week here on wall street and there was this old saying on wall street to never bet against the federal reserve so we have the outflow of interest rate cuts by the end of the month that would be the 1st interest rate cut since december of 2008 when the federal reserve basically said rates at 0 percent after the financial crisis hit so that is really what drove the market in the past couple of days if not weeks so now the focus will shift to an earnings season that will start on monday when the 1st big american banks will come out with their earnings reports and overall the outlook for profit growth is rather

mediocre but wall street will be more focused not so much what happened in the past 3 months but how the outlook from corporate america looks so that will really be the decisive factor if this really has more room to run but for the very 1st time in history as m p 500 cross 3000 and the dow jones and after that sort of average the 27000 point mark young's quarter there with the markets wrap up for us thank you very much for united states federal trade commission has voted to approve a $5000000000.00 settlement with facebook over a long running probe into the company's privacy violations the fine would be the largest the f.t.c. has levied on a tech company but its value is a largely symbolic facebook made nearly $56000000000.00 in revenue last year the wall street journal wrote that the f.t.c. report has been moved to the justice department for review it is not clear how long

it will take to finalize. china is pouring millions of dollars in aid and low interest loans into the south pacific and what some say is a bid to keep regional powers australia and new zealand in check the tiny kingdom of tonga is emerging as a battleground in the fight for influence among pacific players. in tonga life moves at a slower pace without traffic lights or fast food chains snuffling pigs room dusty roads but in a country with few jobs tongues worry that chinese immigrants are taking over the small business sector. first of all our food supply most needed chinese retail shops 99 percent chinese arms. basically control what we believe. many fear that the chinese could be expanding their business interests into farming and construction made

a beijing late investment drive in the region china already gave several gifts and loans to tonga. the country of 106000 people owes about $100000000.00 u.s. dollars to china's export import bank equivalent to about one 4th of its g.d.p. but the chinese say its increasing footprint in the south pacific is nothing to worry about nevertheless after western allies overlooked the south pacific as a somewhat sleepy neighbor to a stroke new zealand and the united states responding in an effort to check the growing chinese influence. destroyed historic problem and house last year the government 1st suggested china might pay to rebuild it then new zealand stepped in and no considering jointly funding the project. here's a look at some other stories making headlines around the world china says it will

impose sanctions on u.s. companies and ball arms sales to taiwan the u.s. approved the sale worth $2200000000.00 earlier this week washington's approval has infuriated beijing which considers taiwan a breakaway province. british travel group is an advanced talks with chinese investors about an 800000000 euro rescue deal it would see thomas cup the biggest stakeholder china supposed to take control of its tour business and supply enough money for it to trade through to the end of 2020. era china has just ordered 20 new a 350 s. from the european plane maker air bus in a deal worth 6000000000 euros it's the latest sign that airbus is expanding its foothold in the chinese market carriers there are expressing more interesting european made planes thanks in part to trade tensions with the u.s. . is holding its 1st sale dedicated to speakers their

status as collectibles is growing some could fetch. over a $100000.00 the shoes going under the hammer in new york include a pair inspired by the 2nd film back to of the back to the future franchise. nobody likes the seafood go to waste but when it reaches its expiry date and has gone on sold shops often have no choice but to throw it away one japanese entrepreneur is tackling that part of the problem head on using little more than a bicycle and a website. unsold and uneaten it's estimated almost $28000000.00 tons of food ends up in japanese trash cans each year but grabbing the issue with both hands as you yes saito his innovative business aims to keep bread out of the bit. from i've heard that

a 3rd of the world's food gets thrown away even in japan it's not uncommon to see bakeries took out around 10 percent of bread that they make these bakeries are unhappy that they have to throw away food so i started rebate as a way of resolving that problem it seemed. to go straight. through the rebate website you your connects bakeries struggling to shift bread nearing its expired date with buyers happy to take it he also sets up shop around once a week outside a park in tokyo there he sells expiring loaves at knock down prices around a $1.40 for one piece for $4.65 for customers don't seem troubled by the fact that the food's nearing the end of its life. and on what they needed that means that it's such a waste to throw food away the bread looks perfectly fine so it's enough for me i don't like the ones. at this point i found out about them when i passed them in the street but when i heard they were selling bread that was about to expire i thought

it was a really good course something coming back every week i think there are. 3 baked promises any bread bought will still be good for 2 days later and a share of its profits goes whether organizations that promote living sustainably. and that fit from me and the d.w. business team for more check out our website the w dot com slash business are follow us on facebook and on twitter full leave you now with this quick check on global markets i'm john el-gamal on in berlin thank you for watching and how about a week at.

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secrets lie behind these memos. find out in an immersive experience and explore a fascinating world cultural heritage sites that. d.w. world heritage for 60 getting up mt. stromlo an early look good tourist guide for the tremendous booming capital i love berlin the summer the multicultural metropolis you know where your imac series finale sinus night lights turn to me i love you even want to show you what a certain look like

a compass was like me despite the 50 missions 50 story. and 50 very personal tips on berlin's very best features. now on the lam every week on t.w. . the photo platform instagram has transformed the art of travel into a race to the globe's most photogenic spots on this edition of arts and culture we're looking at the dark side of insta travel beyond the pretty pictures also on the show our food reporter megan lead takes us on her own travels sampling the tasty treats taipei has to offer. and if you like wine chocolates and bagpipes then a book gary and

a wedding is the place where you just don't drop your crown. before we set off on those journeys the great fantasy author j. r. r. tolkien once wrote not all those who wonder are lost tolkien of course didn't travel with a selfie stick or use any hash tags still his words have become the motto for young travellers who are anything but lost in fact they know exactly where they're going and what photos they're going to take when they get there to put on instagram now it is know it deleted backed off is safe from the hype and the results are often destructive or just plain annoying. beyond a new party that picturesque glued to commute chimes not only residents it's become a mass phenomenon 1st on the internet then in the real world. the perfect instagram photo unique and so who originally we thought cat no end.