the move has drawn criticism from many nato allies who say it could reverse the games made against the so-called islamic state jihadists. you're watching news from berlin business news with harvey are gay bastards coming up next stay with us don't forget you can get all the latest news and information around the clock on our website e.w. dot com thanks for joining the doc. i'm secure that volume or not hard and in the end is a me you are not allowed to stay here anymore we will send you back. are you familiar with this. new smugglers were liars. what's your story. 'd 'd on what numbers of women especially of victims of violence. take part and send us your story we are trying in all ways to understand this new

culture. you are not a visitor nothing yet you want to become citizens. into migrants your platform for reliable information. mario druggies our us chief of the european central bank comes to an end as monetary policy led the eurozone through stormy economic times will have a look at his legacy. and argentineans head to the polls on sunday to elect their next president incumbent modi still marcie you will have a tough time in the midst of a deep economic crisis. some progress those on the w m how do you navigate us welcome. never give up that's how the european central

bank's chief mario draghi summed up the lessons of his 8 year tenure at the top of europe's most important financial institution there were no surprises during his last u.c.b. meeting on thursday interest rates will remain at 0 percent as expected christine legarde is due to take over in a few days mario druggies monetary policy was not always popular but despite all the controversies the support for the euro never wavered. the standard rituals and costumes the blue suit the reserved the business like demeanor for the 65th and final time mario draghi enlightens the world about e.c.b. monetary policy their recent round in the euro area growth outlook remain on the downside. came to cure these respecting to the prolonging presence of uncertainties related to geopolitical factors the rise in protectionism and

vulnerabilities in emerging markets druggies used to dealing with uncertainty the global financial crisis the great recession the sovereign debt crisis he steered the eurozone through fiscal her akins. without druggy the euro might well have been sunk. as global financial markets began speculating against the common currency in 2012 he made his famous vow that put paid to the crisis almost overnight. these c b is ready to do whatever it takes to preserve the euro. and believe me it will be enough. opening the monetary floodgates why d.e.c. then bought up sovereign bonds and slashed interest rates to historic lows the policy prevented a line of sovereign defaults. though many german economists are unhappy that the cash flow has been resumed. even it is last conference as e.c.b.

president druggy avoided any hints of sentimentality but he did venture this. in a sense this is part of our legacy never give up. next week former international monetary fund money director christine legarde takes the helm all indications are that she will maintain druggies course and welcome. mario draghi was a familiar face in the world's financial capitals for more i'm now joined by the financial correspondent on wall street yes caught a good evening to you yes well mario draghi we know it was a controversial figure here in europe how was he seen on the other side of the ocean. well u.s. president donald trump just this past summer said that druggy should be at the head of the fed and not the person that is in charge at the federal reserve at this time making quite some criticism of the fed chairman. powell well i mean

what if this is what is left for a druggie is his ultra lose monetary policy and that actually did put quite some pressure on the euro the euro in the tenor of mario draghi last roughly around 15 percent in value in comparison to the euro of the u.s. dollars that is probably the biggest effect on the united states that the euro devaluated and the dollar got much stronger with interest rates being much higher here in the united states and they are in the euro zone now you're looking at the trading day today we saw a bunch of quarterly results from different companies what do we make of those numbers. now well it's pretty basically been the busiest day of earnings season so far and for the entire surfing season in general and what you could clearly see companies that beat expectations they saw the share prices gaining

quite a bit tesla for example being one example of the stock being up by a good 17 percent but then on the other side we also had some companies that could not convince them analysts was their earnings reports for example being the biggest loser in the dow jones industrial average so we had some mysis we had some beads and at the end of the day at least the dow jones industrial average basically stayed flat we didn't see it going all juiced shares gaining quite a bit better than the broader market and then after hours we got numbers from chip maker intel beating expectations the stock up in the after hours session by 6 percent and we see amazon dot com trading to the downside and afterward trading by more than 7 percent after that company for the 1st time in over 2 years reported a profit profit decrease a lot to digest there thank you very much and scott to for the perspective from

wall street. and staying on earnings twitter shares fell almost 20 percent on thursday after the company posted disappointing quarterly results revenue came in at $824000000.00 far less than what analysts had expected and the social network blamed the mr earnings on a bug discovered in the 3rd quarter the technical issue prevented twitter from accurately targeting advertisements and used its ability to help marketers measure their effectiveness of their campaigns on the platform critical revenue from advertising dropped as a result. and now time for some other business stories that we're following for you cuba state airline is canceling routes to 7 international destinations it blames trump administration sanctions on companies that lease planes to the national carrier its routes to mexico and guyana where especially important for cubans applying for visas to the u.s. . as oil giant exxon mobil tries to defend itself in

a new york court a massachusetts judge gave the green light for another lawsuit it also alleges exxon mobil concealed from investors and consumers its knowledge of the role fossil fuels play in climate change excellences had sought to delay the massachusetts ruling until after the new york trial. and a major trial has begun in munich against a truck making cartel m a n d a f volvo renault and even are accused of colluding for years to fix prices the european commission has already find them a total of $4000000000.00 euros but now truck operators want compensation to thousands of freight for workers are demanding $867000000.00 euros. as argentina heads to the polls this sunday many are looking to the future with step just as primaries in august indicated the incumbent business friendly

president modise your marquis could soon be facing defeat at the hands of his opponent a bit of a none this and that could mean trouble for the country's already shaky economy. has to raises prices again last week a loaf of bread costs 65 pesos that is grocery store in buenos aires now he's charging 80 he doesn't want to but says prices for utilities are going up too. i have to charge more to protect myself from inflation otherwise i won't make any profit at all. and we end up passing it all on to our customers. and. this year inflation has driven up prices by around 55 percent in argentina unemployment is also rising and the economic outlook is bleak welfare organizations have sounded the alarm that led the government to announce a food crisis and begin granting more assistance to those most in need i. say there

is so many soup kitchens here children being fed at home there's no work. monica secure and her fellow protesters blame the president. took over from the left wing populist customer back in 2015 when things already looked dire for argentina's economy merkley promise to cut inflation and banish poverty both pledges have proven pipe dreams. will leave behind 40 percent poverty and an inflation rate twice what he inherited. the industry and trade consumptions been falling for 15 months. what is growing is the need for social welfare centers a bowl of still like this as oh many of these people will eat today the soup kitchen in one of the city's poor districts provides food around 200 of them every day and more come all the time. it's terrible when people have to ask for

food. it feels demeaning. analysts say national debt has risen dramatically under mclean he borrowed a record sum from the international monetary fund $57000000000.00 and as the peso falls in value it's growing more and more difficult to repay. his loss could be her again in the late october elections former president wants to return to the political stage as vice president in a center left coalition store owner or day says things can't get any worse than they are now as he would then you know both might have hope and faith in people with good ideas but it'll be tough to get out of this crisis with and with as i did and that will be the task facing whoever does become argentina's next president. and before we go a little health bulletins south korea's biggest convenience store chain has stopped

selling flavored liquid east cigarettes denouncement comes after the country's health minister said that some recent cases of lung damage in the country may be linked to the products the g s 25 chain says it might extend this is all liquid bacon products depending on the results of that investigation recent health problems suffered by e. cigarettes users in the west were mostly caused by illegal black market but it's. and that's all for this edition of v.w. business thank you very much for watching we'll see you next time or whenever you want on our web site that's.

downsizing sustainable growth. the economy and economics need to be reinvented. we have to change our ways in order to save the planet. people are willing to forgo consumerism and the latest gadget. made in germany. true.

to the point strong opinions clear positions international perspectives this was supposed to be the decisive week for exit but when now and constantly even whether the u.k. will leave the e.u. remains unclear now the timetables partly after brussels can westminster ceiling deal that are topic on to the point join us. in 60 minutes b.t.w. . why subscribe to do you know what your books you mean your favorite writer like you see myself as new kid sky in the strange grown up world do you know where your books are new to. go to the euro max you do channel. most good mine of story. with

exclusive insights. and a must see concerning startup culture to europe. to be curious minds. do it yourself networkers. subscribing don't miss our. growth is a key factor for prosperity in any society that's basic economics but in the face of rising concern about all natural environment and the effects of climate change more will people are asking could it be that less growth is actually molts or can we achieve growth that is actually good for the play.