continue to reject it from a party to a conflict. in 60 minutes. every journey begins with the 1st step and every language but the 1st word heard from the. ricotta is in germany to learn german and why not start with him simple online on your mobile and free shop d w z e learning course speak german made easy. the u.s. trade gap sees its largest drop in 5 months as more american products make their way over seat a win for white house trade policies. looking like a 1000000 bucks doesn't have to be figurative in china where you can pay with your face. this is a w business i'm joined now on in berlin welcome the u.s.

trade deficit sought steepest decline and 5 months it narrowed by 2.7 percent to 54000000000 dollars in july more cars medications aircraft and oil drilling equipment sold abroad help they get their chinese imports the u.s. also fell to their lowest level since april amid a trade war between the world's top 2 economies but analysts expect the u.s. is trade gap to widen again in the coming months amid weaker demand for american manufacturing exports. joins us now from new york the trade deficit has been a sore point for the white house is the fact that it has now shrunk in donald trump's policies have worked at least for a little while. not really even if the trade deficit at least with china decreased a bit for the month off july both exports and imports to and from china drop

but exports dropped a bit more than imports but overall if you look at the deficit between the 2 biggest economies on the world if you compare it to when u.s. president on a drum took office this deficit is still about $10000000000.00 higher on a monthly basis so that is still an increase of about 20 percent and then also if you look at the deficit to other nations that actually increased the deficit with countries like germany mexico or south korea so overall the trade deficit in the united states states is still sky high so there's always a story behind the numbers but are there concerns about the expected weaker demand for american exports. well i mean there is also actually some concern about the stronger u.s. dollar so that could also have an impact on exports and if you look at the overall

picture of the u.s. economy so far still seems to be quite strong but that is not necessarily true with other countries and continents on the global them and therefore we could see a continuation of the trend that exports here from the u.s. might drop but if you look at the reaction on wall street for instance even if we got those trade figures here on a wednesday and the markets had a pretty strong showing of blue chips gaining by more than 200 points as long as the u.s. consumer and then the backbone of the u.s. economy is doing well then the concerns are limited but well the big question is was all the trade disputes and so on and so forth if companies might stop bigger spendings bigger projects and that could have an impact on the labor market that could have an impact on the u.s. consumer and then we're talking about more serious issues here in the united states

and courts are there for us for the view from wall street thank you very much a key committee within the european parliament has backed former i.m.f. chief christine lagarde to head the european central bank while addressing lawmakers she said she wants to keep monetary policy loose largely sticking to the post financial crisis playbook employed in the eurozone but will it really be more of the same. a 1st impression of what the e.c.b. is monetary policy could look like and christine lagarde who is set to take the helm in november the former i.m.f. chief and french finance minister doesn't plan to rock the bolt. i therefore agree with the view of the governing council that a highly accommodative policy is warranted for a prolonged period of time in order to bring inflation back to the famous below but close to 2 percent that could potentially mean negative interest rates something

banks aren't happy about law interest rates in europe have already made european banks less competitive than their u.s. peers and that's a concern lagarde also raised at a confirmation hearing in brussels they are also some important questions on the arisan that monetary policy will need to address. first though the impact of unconventional policies continue to be net positive we need to be mindful of the negative effects and the potential side effects of those policies and we have to take the concerns of the people into account and that's not the only balancing act for the e.c.b. future head she says monetary policy will also need to take into account the global economies headwinds including trade disputes and rising geopolitical risks. the kong scandal has been called the most complicated tax case trial

a german court has ever seen now for simplicity simplicity sake it involved claiming rebates on taxes paid on stock dividends except those taxes for never paid it was a widespread scheme that cost european treasuries billions of euros and lost tax revenue the 1st trial in the matter has now started. to british stuff brokers of appeared before a court in bond charged with over 30 counts of tax evasion they were alleged to have been behind illegal tax rebate claims made in the system known as comics used to bankers alone allegedly swindled 440000000 euros from the german state the comic scheme relied on a lack of financial oversight during the day on which stocks were due for dividend payments several parties sold share packets and hence ownership amongst themselves . only one of the parties paid capital gains tax on the dividend. but all those who bought and sold the shares that day applied for a tax rebate as if they had paid the tax office granted the rebates because it had

no way of connecting who own the shares at any one time and who had paid the tax investment banks made huge profits facilitating the share sales it was apparently a widespread practice among stop brokers and not only in germany nonprofit investigative network t.v. which uncovered the scheme says european governments have been defrauded of over 50000000000 euros in taxpayers' money by the comics. germany is the worst affected it's estimated the country lost over $30000000000.00 euros in tax revenues but france italy and denmark also lost billions. mannheim university economist christoph says the german government should have spotted the comics years before it actually did. it didn't even notice it 3 years that's the one thing and the 2nd is that it doesn't even know how. it's been robbed of. germany the practice in 2012 you know the courts to decide if comix was

a fraudulent scam or if it was nothing more than a creative use of tax loopholes the decision would have serious consequences for many banks. is ruled illegal they'll have to reimburse the tax or storage fees. now to some of the other global business stories making news google's video site you tube will pay $170000000.00 to settle us in new york state complaints that it collected data on children under 13 without their parents' consent but critics doubt the penalty is harsh enough parent company alphabet made more than $30000000000.00 in profit last year. the u.s. department of justice officials monitoring the carmaker have found no fresh violations of the compliance requirements u.s. authorities have been monitoring the carmaker closely since admitted installing emission cheat devices on vehicles in 2017.

german exports to the u.k. dropped by a whopping 21 percent in the 2nd quarter that's the biggest quarterly drop since the financial crisis a decade ago germany is britain's largest source of imports accounting for around 15 percent. indian prime minister narendra modi arrived in the far eastern russian city of la for the 3 day eastern economic forum was greeted by russian president vladimir putin before the pair departed by boat for further talks they're expected to discuss their 2 countries deepening cooperation in the oil and natural gas sectors. everyone knows that keeping face is important when doing business in china well now you can even pay for your shopping with their official features china is embracing facial payment technology technology despite privacy concerns. shoppers strike

a pose in front of a camera and smiling to the point of sale machine the image links to a digital payment system or a bank account payment is made on the shopper walks out with their freshly purchase goods. in china mobile payment is already among the most advanced in the world but this makes paying even easier. it's convenient because you can buy things very quickly it's different from payment in the traditional supermarket in which you have to wait in the checkout line. at. the designers of the system i free go saves extra save because it avoids the need for a password. so get used to observe what your basal recognition payment is different we can complete the payment with our faces which is very important for the safety of our account and the water. among the companies rolling out the new tech

is the we don't bakery it is facial payment machines in hundreds of stores across china so the usual i don't even have to bring a mobile phone with me i can go out and shop without bringing anything this was not possible either at the earliest stage of cash payment or mobile payment to those people to use with all. my free is mainly focused on unmanned stores others working on the tech include ali baba's financial pay which is devices in 100 cities it may mark a major technological advance but the software is not uncontroversial face recognition tech is already widely used to monitor dissent. that's it for me and the business team here in berlin for more business news and features check out d.w. dot com slash business are follow us on social media thank you so much for watching .

the quiet melody resilience and michael white of the. ready reasoning to women it's on. the mind and the music. beat over the 1st 12019 from september 6th

to september 29th. the need to keep every available. mention on the 4th and. last mission in the words of others the bottom of the valley at the nasa dragon this one called the home for years and did a real book on. his fans. can. you briefly be. long beach.

oh oh oh. oh oh oh oh oh. oh oh oh he respects. greetings from berlin and a warm welcome to arts and culture photographer peter lind bagged changed the face of fashion photography in the 1990 s. and tributes are pouring in after his death on tuesday at age 74 we'll look back at his remarkable career and also coming up. director and filmmaker under

those fi and is renowned for intensely political cinema his latest effort is cutting edge theatre and she'll join me in the studio to talk about it. and in the latest episode of meet the germans our intrepid reporter rachel stewart takes it all takes it all off to the grave the german sauna landscape. well his aim was to portray women in a different way and he said he felt responsible for freeing them from ideas of eternal youth and perfection. master off the cinematic image he. in the supermodel era and in so doing helped redefine fashion photography and beauty standards over the course of his 5 decade long career he captured everyone from kate moss to the climate activist great most recently and his legacy will inspire for generations. very little makeup and not specially styled and yet

beautiful.