signs of britain entering a recession. and the robots are coming no job is safe at this spot in prague machines are already mixing the drink. is done slowly becoming a part of china's car industry chinese automotive group a i see by say 5 percent stake in germany's flagship comic taking the total chinese investment in the company to almost 15 percent. almost coming paul also coming up all eyes are on britain's to be new prime minister boris johnson and his plans for brakes it the country hasn't even left the e.u. yet but already there are signs of britain entering a recession. and the robots are coming no job is safe at this spot in prague machines are already mixing the drinks. back up to do business asia i'm going to go jones ambulant good to have you with us now then the chinese state owned motoring group be a i.c.

is buying a 5 percent stake in germany's dima it further boost beijing's holding in the maker off mercedes-benz costs was already almost 10 percent owned by chinese comprende g.e. it's the company's biggest single shareholder and now we can add to that b a i c's 5 percent holding that takes chinese shareholders stake in diamond to just under 15 percent that's almost as much of the company as it's owned by us shareholders other stakeholders and on the include kuwait's sovereign savings fund and rivals rhino and nissen who have across holding the rest of the luxury carmaker is owned by private and institutional investors so now we have a dia about the make up off a dime to shareholders let's talk a little bit about this with our frontal market correspondent jealousy delaney who joins us now in frankfurt chelsea now i know that there was already a

a long standing cooperation between a dime and it being a i.c.e. what does this stake cruft percent stake change in all that. well this gives the 3rd largest shareholding position which gives it some more influence over over the direction of time warner it's not clear yet it doesn't appear about pearcey is aiming for any board seats or managerial positions but what analysts are seeing this as a sort of a strategic move on beer sees part. because back in december this other chinese firm. came and bought a stake for 10 percent stake sort of out of nowhere and so that was sort of seen as a threat to this alliance and. are taking the stake because these sort of solidifies itself. so it's a little bit of a competition there on the chinese side what about dogma strategy there. well this is an increasingly extremely important market for. you know they need to be in

china because that's where all the growth is coming from but also that's where all the technology is coming from so. they need to be forging these alliances and they can't really afford to cut out the chinese chinese firms even though there are these concerns about the joint venture ship some things like that and chose to delay their reporting from the frankfurt stock exchange thank you so much. oh back here in europe britain gets ready to swear in a new prime minister his name boris johnson an outspoken breaks it to you who campaigned for britain to leave the european union with or without a deal if necessary quite an announcement considering that the e.u. is britain's most important trading partner and breaks it has yet to happen the latest exit date is october the 31st but british think tank the national institute of economic and social research says the u.k. may have entered into recession already. a one in 4 chance the u.k.

economy is a ready in recession pending the release of the latest quarterly growth figures has severe downturn in the event of a messy no deal breakfast and sluggish growth in the best case scenario these are the key findings of a report by the u.k.'s national institute of economic and social research about the impact of breakfast. it follows a similar outlook in a report the office for budget responsibility or o.b. are released last week speaking on the day of its publication the man in charge of britain's finances had this to say. the report published this morning shows that even in the most benign. there would be a very significant hit to the very significant reduction. in our national debt recession. so why do researchers

appear to be so united in the belief that bracks is bad for the british economy. one big factor concerns trade with no clarity on how the country's economic relationships will look post-breakfast companies are finding it hard to plan for the future this has led to a decline in investment. does in turn has hampered growth forcing the government to borrow more money in order to maintain public services. these signs of weakness says have led to falling demand for the british currency and a slight in the value of the pound. this makes imports more expensive meaning shoppers are likely to have to fork out more than they used to. deal or no deal the latest report suggests leaving the e.u. is unlikely to benefit the british economy but the clear warning is that departing

in a chaotic fashion could put the wheels in motion for a severe downturn. and to some of the other business stories making the news it's. u.s. credit reporting agency equifax has agreed to pay at least $700000000.00 to settle with a foreign cheese over a data breach 2 years ago that exposed the private information of nearly $150000000.00 people a roughly half of the u.s. population. the general counsel of the world trade organization has met to resolve escalating tensions between japan and south korea tokyo is cutting the export of some high take goods to south korea seoul says this violates trade rules it says to pound us retaliating overcompensation calls for forced labor during the japanese colonial era. chinese telecoms equipment make a sure way has laid off most of the workers at its u.s. research arm some 600 of 850 future away employees have been laid off and yet this

year she away was added to a u.s. blacklist of companies considered a risk to national security. china's asian infrastructure investment bank has abandoned plans to fund a new capital for the indian state of under predation after the world bank withdrew its support last friday from us from the city of are accusing the development project of land grabbing allegations that the world bank took into consideration before pulling $300000000.00 u.s. dollars in funding the a i b would have injected the construction projects with an additional $200000000.00. an indian government committee headed by the country's finance acreage terry has taken aim at cryptocurrency it's recommending a ban on all private virtual money and stern repercussions for anyone dealing and it the panel proposes up to $10.00 years' imprisonment or a $250000000.00 rupee fine for anyone found to be trading in digital currency

issued by foreign private enterprises this would include facebook's libra which is set to launch sometime next year indian tax authorities have already contacted sauza as of individuals currently dealing in crypto currencies after a nationwide survey highlighted more than $3500000000.00 u.s. dollars worth of transactions over a 17 month period. of a more high let's bring in josie john a business journalist who joins us now from bangalore good to have you with us josie india has flip flopped on its policy towards crypto currencies and is it now curtains down finally for the chill currencies in the country if the government has seemingly its negative stance for a while now but this looks like it is the final meeting the coffee for critical season india. democracy the next 50 years of 0 because the traits that brought the

last few watts up to treaty to go and see exchanges in india either close down or. come to start finish. now some of the treaty might also start it is unlikely to be large enough to be going start department and . clearly not was awful and your history so it looks like i could do that if you truly is going to climb down but not in a little while now the government is warning that cryptocurrency a digital currency is a basically nothing but policy trading a ponzi scheme how serious is that warning by the government. they are they really see this order e.g. because of a problem because like in any on the deleted market. especially likely to get their discount stores in the market there are 2 or 3 such fancy schemes that will

crack down on our last 2 years some up to $10.00 to $15000000000.00 in assets now that is not by your standards and this is very simple it was like new investors and you missed in that they're going to market and then see if the money comes start and be investors now are solicitors to stop that and they're collapse and be blow left the holding the bar all right josie john the. business journalist in bangalore thank you so much for bring us up to speed. the rise of artificial intelligence and to machine learning has led to some humans to feel they're being made redundant and no job seems to be safe at a bar in proc they've taken schuman machine mixing to a whole new level and they're a robot will make sure you drink well well he also gives you good relationship advice. they're known for their efficiency if know their natural charm these robotic bartenders are the latest stop members to be recruited by

a night club in the czech capital prague. their skill set includes cussing limes pouring sugar crushing ice and mixing it all up into a cocktail. patrons can order the drink of their choice from a touchscreen menu so far there are 16 on offer but the plan is to add dozens more to the menu. but kind of mechanically mixed cocktail compared to one shaken with human flair all over living i'll never say anything like a lawyer mom on. the team even though there was a thing. that's amazing amazing. taste really good. while the mechanical bartenders makes the drinks downstairs up stairs a robot d.j. pumps that to choose leaving humans partying their way to redundancy.

i wonder if it also can mix a nice shandy that's just me as a business update here and g.w. for me the team member as always thanks keep us company. cut.

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this is live from berlin a new leader for britain's conservative party a prime minister in waiting and boris johnson pledges to take the u.k. out of the european union the brits it unite the country and to be generally good and that has a good. i can see.