the plan says. just a top story the international criminal court has convicted the ugandan former commander of war crimes ranging from multiple murders to break in systemic systematic forced marriages. and could face life in prison. as it you updates. at the top of the hour stephen beard. business of dates next the. loop.

cut. thank you. first annual profit in 6 years will look at whether germany's top lender is finally of merging from its hard times and then another german banks still firmly stuck in them. also on the show would be super mario to the rescue former head of the e.c.b. mario draghi is putting his crisis management skills to the test once again

attempting to lead the entire government. and is room service from a robot to show you what a south african hotel is up to with their newest reception. of welcome to the show i'm in berlin it's good to have you with us well it's the news investors have long been waiting to hear germany's top lender in the new year with profit propelled by a strong performance from its investment side and low credit losses the question now whether that performance is a pandemic here anomaly or the results of its recent overhaul as a city under lockdown frankfurt had hoped for some good news but its major banks have delivered mixed messages this result season one of the bright spots. 113000000 euro net profit for the year 2020 is a sign of light at the end of the tunnel after years of struggling with failing divisions litigation troubles well i think there's

a windfall gain from the pandemic well all climbed have to restructure the financing situation in much need for capital a lot of the need loans they need there over to mr jasper response fall into situation and all this is good for george obama because they're calm provided full service argument on that far fewer pandemic loans are going sour than expected that's good news for the bank. the outbreak of the pandemic may even help a bank to cut costs many off its employees are working from home and the bank wants to keep up the outlook for coal matts bank germany's 2nd biggest lender is not as rosy the bank is said to cut $10000.00 jobs about 20 percent of the workforce no wonder that in an internal survey of cold math bank employees only 20 percent say they're optimistic about their future. former european central bank president mario

draghi has been tasked with forming a new italian government as head of the e.c.b. he guided the eurozone through times of crisis the question now can he do the same for italy. they call him super mario for a reason it was not he was singlehandedly calm financial markets at the height of the euro crisis. we need another monday within our among that these to be is ready to do whatever it takes to preserve the euro. and believe me it will be enough. to that he gave markets the confidence they desperately need it. fast forward a decade today is home country is in dire straits the coronavirus pandemic hit in the midst of an economic downturn exposing a lack of infrastructure and straining the public coffers the country's government

debt has steadily grown for years and is expected to hit new post war records this next year clocking in at almost 160 percent of gross domestic product. analysts say italy needs labor market and pension reforms and he knows it won't be easy. and we're going to feature it is a difficult moment today the president has spoken about the traumatic health crisis and its great effects on the life of people on the economy and society the seriousness of the emergency demands answers that are offered to the task. require that exposed to it soon. many on the financial markets believe that he is up to it that after fixing the euro that he might just be the right man to fix it only to. take a look now at some of the other business stories making headlines. plans to split itself into the automaker says it will spin off its truck and bus operations into

a new company to be listed on the frankfurt stock exchange the remaining business will house its car operations and be renamed mercedes benz. consulting giant mckinsey has reportedly agreed to a $573000000.00 settlement over its role in the us opioid epidemic mckinsey advised purdue pharma the now bankrupt maker of oxycontin as well as other drug makers to aggressively market opioid painkillers according to lawsuits. shell has reported a net loss of nearly $22000000000.00 for 2020 that follows similar losses for other oil titans like b.p. and exxon mobil shell says it may now need to cut production and has previously announced job cuts of around 9000 worldwide. u.s. treasury secretary janet yellen is meeting financial regulators thursday to discuss the game stop stock trading frenzy shares in the videogame retailer had surged more

than 1600 percent as users of the reddit for wall street bets banded together to drive the stock higher that rally left hedge funds betting against the stock with huge losses and spurred complaints that the reddit users were manipulating the stock now the stock is on track to lose more than 70 percent this week silver and other stocks including movie theater chain amc have also been hit by the turbulence . and we're talking about those demonstrators behind the search i'm joined now by one of them evan keegan he joins me from new york evan thank you so much for coming on the show i want to ask you 1st you invested in game stop how would you describe these past 2 weeks. yeah absolutely so you know i think the word that i would use probably is quite turbulent and i and i said that for 2 reasons you know in an incredible opportunity probably the 1st time in my lifetime that i've really been able to i think count realize on me and move in the market so

quickly or perhaps he didn't have the knowledge to be able to do so much for things to you know what's now being dubbed as wall 'd street that's the sum granted you know that has now won 8000000 upwards of 8000000 users and. so i think it's great i see 2 things i see this amazing opportunity that just happened but i think what people really are talking about on the other side is how well you know the average retells the average investors portfolio on the retail side is also affect you know specifically seeing things like you know the regular the rest of the markets you know down last week you know next month things like that down so i'm one side and i'm making money off this think ratable opportunity on the other side so you add you know losing money and some of the other investments that have been are you still holding game stop i do not know so you know and that goes that because

i actually was one of the people that. you know saw this opportunity is exactly what it was it's a short squeeze it ended up selling off my invest my michael things. and once and i was what was your reasoning in the 1st place for buying game stop for different reasons from different people but what was your motivation. yeah and you know for me i saw this really purely like i said as what it as really what it was as an opportunity for a short squeeze an opportunity to make to make money quickly you know for me it was less so and i know for a lot of people it's sort of this opportunity it's it's a quote unquote stick it to wall street you know and and certainly there are there are conversations important conversations about that need to be had. you know about how that how hedge funds work how people are investing and democratizing investing

things like not that are that are important conversation but i think for me it really was exactly you know what i said it really was just a short squeeze out which today that i took advantage of you know you you mentioned that this community of course 8000000 believe users he said right now for some brother how important is that to you compared to say what we would consider the traditional avenues of financial advising for example it seems like a lot more people are turning to these online forums. i think yes perfectly i think what is so amazing about the technology that we have at our disposal is that a platform like reddit richards designed really just to be a challenge for him is actually being used to drive people's investments as an avenue for getting your financial information and i think that that has you know in a strength in that it really allows people to have access to information to conversation that they might not have really been able to before and be able to

enter into the conversations that maybe they were excluded from but on the other side too i think what you have is that you don't really know what it's a belief and i think that's what a lot of people are finding out now and this conversation with post-game stock is you seen is drugs that are popping up about what's next what it which over maybe and there's really a good consensus because there's no clear leader and there's no clear push that's emerging what's next and i think that's that's sort of the perhaps downside of having all of your investing all of your your money behind you know what someone said on a on a forum. do you mostly rely on forums like that for your investment. activities or do you also have more traditional avenues do you invest outside of robin hood for example or is that primarily these platforms you're primarily avenue for investing. yeah i would say i think of all of what i do where i get my information

it's you know mr financial advisors. as well as from the news from you know but i think what's interesting and i think what the conversation that needs to be had it is going to be out in the coming weeks is how much stock are people even institutional investors and financial advisors how much stock are they already putting in sioux what we're having some technical difficulties there i'm afraid we're going to have to cut it short there we do appreciate your time though thank you so much evan keegan joining us from new york he's one of those amateur traders who also invested in game stop as well some others so thank you so much of and. all right over to africa imagine checking into your hotel and being greeted by a robot oh a guest house and johana sport has become the 1st in africa through brace just that idea robotic receptionists take a look. what time this break to say. akron

off the restaurant she's open for nice fixates makes nasty mid week and i'm going in there a one to 3 humanoid robots in johannesburg's hotel sky they can do more than just answer gas questions they can also carry luggage and deliver room service they sort of how about with this one of the things that people need smaller things and we stuff would really be a running out to fulfill as digital of a meal or delivering 2 meals now we've got the facility really taken control that all of us in cells in san diego of and they can also have the jackboot on sitting questions that we have usually taken up time then robots are finding their way into new roles in rich countries but they are rare in developing nations at this hotel guests and staff are happy about the addition the hotel manager says. it just creates such a nice vibe and excitement for the stuff in the in the stuff they have. inside africa cole is aix phishy way they have the opportunity to to be part of this journey of being the innovators inside if you get it must be tell it straight. the

manager insists that his goal is not to replace staff in a country where nearly a 3rd of the workforce is unemployed. he believes these robots could help keep hotels open even during strict lock downs and help save jobs that will be taking. a ghost of a future that's it for me and the business team here in berlin as always you check out these and other stories online dot com slash business also facebook and twitter as always thanks for watching. to the point of strong opinions clear positions from international perspectives. nobel peace prize laureate uncensored c. is back there house arrest in the. mark on trumped up charges with the elected government deposed and the military back in power is also part of democracy

extinguished climbed out onto the floor to the point. that 160 minutes gone w. w's crime fighters are back with africa's most successful radio drama series continues through not only because those are available online course you can share and discuss on w. africa's facebook page and of other social media platforms. to nino. this is state of the news africa on the program today one of the olds resistance on news most notorious kamandi is convicted at the hague domini own way it has been found. the i.d.f. soldiers commission has when he commanded the ugandan rebel group. the chamber's therefore can be for the legal control of those 61 crimes compromising both crimes

against humanity. now they are a transformed thousands of young boys and girls and so child soldiers they had their.