ford and take their alliance into overdrive 13 up on electric vehicles and driving cars in a bid to overtake the competition. 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 food one young japanese entrepreneur has come up with a tasty answer. this is the 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 autonomy striving. there's long been speculation folks bargain and ford would team up on

self driving electric cars but markets like certainty confirmation from v.w. c.e.o. herbert and ford chief jim hackett make out a new york news conference boosted shares in both automakers. will put $2600000000.00 into ford self driving units are. which is valued at $7000000000.00 . we're now confirming that we will extend our collaboration into autonomy technology we share the view that technology is an enabler and it's not into itself that was one of the 1st things that herb are going to line down but people will remain our constant focus in this ever changing world. ford aim to put autonomous vehicles on the roads in the u.s. and in europe. the deal makes the 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 and investment in our ai will provide does this one of a kind of driving system technology it will enable folks walking in forward to sign and manufacture s.t.s. vehicles based on this technology and from our perspective this is a. 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 he owns 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 when those markets especially when it comes to self driving cars really will kick off will be profitable will be a mass market could be years. so this is not. success guaranteed but on the other side probably it's necessary to start a partnership to not lose touch all the other companies are investing in this potential multibillion dollar market well zooming out on the wider world of markets ganz it's been a very notable trading week with the u.s. in this is reaching record highs do you think that set to continue. so there we had a record breaking week here on wall street and there is this old saying on wall street to never bet against the federal reserve so we have the outlook 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 earnings season that will start on monday when the 1st big american banks will come out that was 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 possibly 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 s. and p. 500 cross 3000 and the dow jones and effort that's where ever it's the 27000 point mark the ends quarter there with

a market's wrap up for us thank you very much the 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. life moves at

a slower pace without traffic lights or fast food chains snuffling pigs roam dusty roads but in a country with few jobs tongue's worry that chinese immigrants are taking over the small business sector. first of all our food supply mostly in chinese retail shops 99 percent chinese. basically control the. 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 i was 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 it's increasing footprint in the south pacific is nothing to

worry about nevertheless after western allies overlook the self pacific is a somewhat sleepy neighbor to a stray new zealand and the united states responding in an effort to check growing chinese influence after a cycle and destroyed congress historic parliament house last year the government 1st suggested china might pay to rebuild it then new zealand stepped in and 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 involved arms sales to taiwan the u.s. approved the fail worth $2200000000.00 earlier this week washington's approval has infuriated beijing which considers taiwan a breakaway province. british travel group. is an advance talks with chinese investors about an 800000000 euro rescue deal it would see thomas cook the biggest

stake holder china's foes to and 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 local 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 sneakers 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 backed out 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 the 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's. going 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 need it means that it's such a waste to throw food away the bread looks perfectly fine so cinna for me what a good night the ones. at those times are but 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 cause something coming back every week by 6 different. rebate promises any bread bought will still be good for 2 days later and a share of its profits goes to other organizations that promote living sustainably . and that fit for me and the d.w. business team for more check out our website the w dot com slash business or follow

us on facebook and on twitter believe it out with this quick check on global markets i'm john l. the milan in berlin thank you for watching and how about a weekend. for

. the 1st economy most of. his grand arrives. on her journey back to freedom. in our interactive documentary tomorrow in the running returns home. to tanks. bursts. home. of species. forcing to. give those are big changes and most start with small steps but they. tell stories of creedence people and innovative projects around the world. like music concerts. that's news to green energy solutions and resource rich. interactive

content teaching the next generation of mental detection. using play channels available to inspire people to change connection and most of term and to build something here for the next generation globally is the environment series of global 3000 on d. w. and all mine. this is the news africa coming up on the program so that the military council says it's foiled an attempted coup or rebel soldiers have been rounded up officials are now to see if india would prove them across the groups will be signed this week also coming up. designed to meet the specific needs of african countries electric bond is being tested in god if they protect the environment and create local jobs. she is younger and soon.