the c.e.o. thought spartan and 2 other top executives would fraud over the diesel scandal but is it too little too late. welcome to the w business i'm joined on in berlin germany continues to feel the fallout of global trade wars the latest purchasing manager's data showed german private sector activity shrank for the 1st time and 6 and a half years compounding worries about the economy there was however a glimmer of good news today the much awaited efore business climate index beat analyst forecasts september's figures came in at $94.00 higher than last month but it's not enough to does that to dismiss growing recession fears now someone who has a few ideas about how to fix the problem is the o.e.c.d. chief economist spoon she joins me now welcome so the 1st thing i would like to ask you is what in your view do you think the german government has to do in order to address the slowdown so they're fair saying is true and they had said the

slowdown is extra the structural it's not temporary it's here to last because that's due to the trade tensions and we know it's going to last for quite a why it's due to uncertainty linked with brics it and it's due to uncertainty linked to with china growth but more than that it also has to do with catching up with digitalisation catching up with in their view transition and investing not only in the right infrastructure for this but also in the education i what challenges do you see for the german government in terms of trying to achieve these reforms so there are several challenges and the prior the 1st and foremost is investment and we've seen how germany is a good at planning investment for rail transport for example they need to repeat k. this money for roads and more than anything for housing. it's all infrastructure

though it's often argued that dermod doesn't so germany doesn't spend an os and that this becomes a drag on growth would you agree so i think what's important to look at is would you want to the where do you want the german economy to be in 10 years time and for this you need a carefully planned set of investments as i was saying in infrastructure on the needs of cation and i think more than money at this stage with germany has plenty off it has to do with a push say yes go in there and building the cap pass it for civil servants had the fair there were local municipal level to conduct a big investment project or a several year. and would you say that overall you're optimistic that the german government will be able to do enough to turn the tide of the slowdown yes i would be optimistic though one should remember that humility germany had been the sick man the hero then the superstar a few up thanks to

a very deep labor markets reform among other things so i think in the end we have trust that the 00 ities can life for the desire in this investment plan in all these areas have listed in foster chair how is ng education and striving the next the kate that way but even at a time where nothing seems to be normal with regard to for example the trade tensions you mentioned so the trade tensions have to be addressed within a european context as you know their european union is the boy the entity negotiating trade agreements for the pin the economies including germany and lead the gives germany all the economies within the you a lot of power because the you is a 500000000 people market big air than what the u.s. is with less than 400000000 people so that make it a very important and they on the power in the negotiation with the rise of china

and their economies thank you very much lawrence moon chief economist of the o.e.c.d. there for us thank you very much for your insights. a top european business lobby has warned china that the best way to give flagging economic growth a boost is to stick to its promises to open up to market forces and reform its bloated state sector beijing has pledged to stick to a study course the spite the pressure on its economy from the trade conflict with the u.s. . european chamber of commerce and china has a mantra level playing fields with chinese firms especially state owned enterprises the lobby group wants reforms a greater framework for better economic growth. china's powerful economic rises accounted for a turd of global growth in the past few years. but china is sticking to its guns beijing is in no rush to start pumping money into the economy. we

believe that for our monetary policy we should stay committed to our own course. and stick to an orientation that we see is stable and healthy. we must not adopt massive stimulus packages who have wealth and you know well so we must make sure total debt levels remain sustainable. the u.s. china trade war has led to chinese growth falling to a 30 year low of 6.2 percent in the 2nd quarter unless believe it could fall further to 6 percent markets over resumption of trade talks between the u.s. and china will help give the global economy a lift but even if a deal is struck calls for reform are unlikely to go away. german prosecutors have charged 5 fund c o n 2 other top executives with market manipulation here but these is accused of intentionally deceiving investors over his company's role in illegally faking

emissions test results of their diesel engines the resulting scandal cost billions of dollars in fines and liabilities investigators say d.s. intentionally delayed informing investors of the finds protect the w stock price. joining me for more is the value businesses aaron tell 10 aaron thanks for joining us now aaron what more can you tell us about the charges these and friends are facing was you talked about there the 3 men stand accused of basically engaging in market manipulation now as the top brass v.w. they have the responsibility of informing their stockholders investors of the business situation basically saying if they were going to face any type of massive fines or in time of problems they need to inform their investors otherwise the investors can't actually engage in their investing as you would typically expect it now you knew for years that they were likely to face fines in connection to this diesel scandal however they failed to inform their investors in a timely fashion no prosecutors have forum quite a while been investigating v.w.

in relation to the diesel scandal but this is the 1st time they're really going after the top brass of the company in this way because previous investigations tend to focus more upon the inner workings of the company as opposed to just the board of directors and do the share price stayed sky high for quite a time but for our viewers that remind us again what the diesel gate scandal was about this is central to the story well i mean basically diesel date. sprung up after it was discovered that v.w. had actually installed software on many of its diesel engines which allowed it to fake its emission results basically the engine was a label it was able to understand if it was being tested and with the changes the missions basically that allowed you to claim that these designs were much cleaner than they actually were some estimate said. that when they were actually taken out of the laboratory and put on the streets that they're producing 40 percent or 40 times rather more greenhouse gases than was actually claimed now of course there were many people who actually bought these vehicles because they weren't they were marketed as much more environmentally friendly much more fuel efficient and better

for the environment than previous models and of course that was all down to this software package that was installed now when that came out the company faced billions and billions of fines and 30 billions paid the united states alone however we haven't really seen that type of fall out in germany up to this point which is so which is why that the revelations today are kind of a new turn in events here within the country and the flights wagner has of course taken pains to spend those billions and to move away from the scandal as it were how do you think this will affect that that the rehabilitation of bonds image well i mean that really remains to be seen like you said we haven't seen the same type of political or financial fallout here within germany that we have in the united states i mean as i was seems a minute ago i mean they've paid 30000000000 in the united states in fines alone and we haven't seen anything like that here in germany and you know i've talked of you don't you customers who well you know they seem quite irritated but at the same time to kind of brush it off i mean there seems to be kind of an assumption that

these type of she did backroom deals are just kind of par for the course so as i said i mean it seems there seems to be some type of acceptance of that here in germany i'm not really sure it'll go far in terms of really having views image but you know we'll just have to wait and see indeed thank you very much erin tilton there from the business for us thank you. kenya is the world's largest exporter of black tea but prices have dropped dramatically this year some kenyan tea farmers and processors are now emphasizing quality over quantity in order to stave off international competitors. in kenya tea farming is serious business from the central mountainous regions to the rift valley t. is green gold the cash crop has long been kenya's major foreign exchange earner also supports many small farmers millions of people earning a living with tea here like joseph he's been

a tea farmer for more than 30 years. farming pays but you have to take good care of your plantations every year i harvest between 17 to 20000 kilograms but every year is different. in recent years moderator has done well but $2900.00 could be a lean year kenyan t. farmers looks set to see a big dip in their earnings more than 20 percent according to current indications. that's down to several different factors demand is weaker in the main export markets like britain and russia global trade conflicts are putting a dent in the economy and currency fluctuations a dent in prices. you find that the prices that they have down. the.

less oil costs this. least. for years kenya has mainly used the production method known as crush tear curl it's faster and easier and it's well suited for teabags the mentee farm is now branching out into black tea but it's more labor intensive harvested with leaves intact but the higher quality fetches a higher price even when the market is faltering. thanks for watching.

nothing to look at. just sometimes i am but i stand up and with the mistakes deep into the german culture of looking at the stereotype of class that is think the future of the country that i'm playing the piano needed to take for this drama day i'm telling you it's all about a bomb i might show join me to meet the gentleman from d.w.

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is the w.'s life from berlin u.s. president alsheim tells the united nations general assembly for iran it is one of the greatest security threats facing peace loving nations. own leaders around the world's number one state sponsor of terrorism. on iran's leaders are fueling the tragic wars or both syria and yemen president trump blamed iran directly for the recent attack on a saudi oil facility and accused the iranian leadership of having a blood lust while fostering a global terrorist.