off to the races. 3 male fair haired to assert her solo effort from the serbia international. law. now it was dark eyes milan as his character racked up 3 huge points and still have one more game in hand over their rivals in the relegation battle. thanks for watching. i'm skilled at the they were not hard and in the end it's a me you're not allowed to stay here anymore he was into that. are you familiar with this. with the smugglers would lie and said. what's your story ready. i'm with numbers and women especially of victims of violence. take part and send us your story train all with understand this new culture.

or you are not a visitor not the guests you want to become sitting. in for migrants your platform for reliable information. china benefits from rising global demand exports jump is business and consumer activity picks up in many parts of the world chinese consumers are also getting in on the surge with chinese imports rising. also on the show they've grown up through recession a financial crisis and now pandemic europe's youngest workers are crisis hardened and entering a changed job market. and some german music policies put their money with a shady bank looking for higher interest rates they lost might not get it back.

to the show. on chinese exports surged by a 3rd to $264000000000.00 in april from a year ago as global demand for chinese electronics medical equipment and clothes increased around the world and chinese imports climbed even higher by more than 43 percent to $221000000000.00 in terms of trading partners the southeast asian nations or group remain the largest followed by the european union the u.s. and japan china's total trade surplus stood at $43000000000.00 for the month. chelsea delaney in frankfurt for more chelsea good morning we're accustomed to seeing chinese numbers improving as they get to control the pandemic this was still surprising wasn't. well the figures were generally better than most economists had been expecting chinese export and import data has been really crucial this year because china has really been the engine of economic growth for

the world because their economy is growing so much faster than many other developed economies that it doesn't seem to be abating their trade it really it was quite strong with that with many of their partners including the e.u. and the u.s. but i say what was possibly the most surprising to economists is that imports chinese imports are starting to really pick up and this is been a concern throughout the pandemic that china's economy was too dependent on export growth that wasn't really benefiting from chinese consumer spending it does seem that we're starting to see that change and economists think that could really set the stage for a more sustainable economic recovery in china right now the china really trying to emphasize that the most the consumer in the years ahead we also saw new numbers from germany in march export numbers up 1.2 percent which we make of that. but i think this shows that money is still continuing to to see strength and it's

export data a lot of this is because of china's sort of the flipside of china's economic story is that germany and the broader european union are really benefiting from sales to china so in and march we saw european acts or german exports excuse me to china rise by about $38.00 per side looking deeper into the state we did see also you german exports to the u.k. declined but in general german exports are still holding up rituals living in frankfurt thank you. we often talk about recovery in terms of economic output often measured in gross domestic product or g.d.p. the g.d.p. has always track real world jobs many of which in europe in the u.s. or in service sectors that may not contribute that much to g.d.p. on the outside edges of the labor force often suffer the most the oldest and in the

case of this next piece those who are just entering the labor force. when it comes to business they've cracked it because it is a dora took over this not store from his parents modernizing it to cater to a growing demand for healthier snacks. become us with. something unrelated and to be honest the crisis helped our decision to run the shop and so pistachios. nikos is interested in nutrition and disco friend is a dora gave up her job as a physical therapist to work in the business in nay then he never got people like us can't be satisfied with the jobs on offer and what they pay that's why i think it's the right time to take advantage of the chance to build something of our own. building their own future increase. in power a c.e.o. class took the leap of faith after their studies and founded their own company

adventists which develops medical software used to analyze the brain. you always wanted to work in research but there was a very limited number of jobs in greece. so the only solution for me was to build something for myself that is to create my own job. they founded the company in 2016 in spite of economic crises and the coronavirus pandemic they've expanded and have customers around the world they have 11 employees with an average age of $28.00. if you don't think our generation to survive quite a few crises that's formed our personality and helps us to make something out of nothing what's changed we're trying to do business to find new things to recognize demand and to be innovative greece's government recognizes the potential it's promoting startups and investment in research and development. we're confident that

our investment in financial and. we'll create a much new jobs which will allow us on the one hand to develop scientific potential in greece and on the other to lure back many young greeks who have moved abroad to typical. user doura are confident that they can make a living in their home country and that greece can offer other young innovators a bright future to. serve as a youth researcher and publisher of studies including young germans and young austrians he joins me from his home in southern germany seemed good to have you on the show young europeans have grown up across several crises including the recession the debt crisis and now krone what kinds of challenges do they face as they enter the job market for. the difficulty for young people today is that when they are they're studying they're in school and they feel like the degree that they will get after that you're in the stand that it will be valuable that much less

compared to prior years so. that sounds just entering the market is there not only having a lesser degree but they feel like they are isolated today to so how much of it can you be when you apply for a job it will be a challenge because the labor market will be a challenge to for them and if you have yourself concerns about how good you are and that make even worse that we just saw several stories out of greece is the situation similar across europe. but definitely it is difficult different because labor market for example i slowly intensively germany austria and switzerland has been pretty good before the crisis so it will be easier for these economies to recover for the labor markets to be open again but in southern europe the situation has been pretty difficult before that already so. it will be hard and

i see that the. shift toward small entrepreneurship will be will be strong because there are no perspectives for young people in the labor market perspectives but it is hard to get them and there is more competition for these jobs see when you call the upcoming generation which is going from school to secondary studies and choosing it's path you call it generation reset what you mean with that thing reset has 2 sides the one is the reset personally and the other one is based on the system reset because whenever young people today plan things they plan 123 steps and they feel like they have to go back to where they saw it over and over again but young people today feel like they are victims of this crisis they feel like they don't participate they are not engaged in finding solutions in showing opening

up her spectacles but this is just happening somewhere so when i refer to generation reset it's about this generation feeling like well the system has not been good for us we need to reboot it but we feel like we have no play in it so when we look into the future we need to engage young people more we need to give them perspectives and it is so easy to engage that's all right let's give them a play in the overcoming of this crisis youth researchers you want shots or thank you very much. thank you. let's go now to some of the other business stories making headlines. tesla has told a california regulator that it may not achieve full self driving technology by the end of 2021 that goes against what the company has previously suggested rather c.e.o. elon musk tesla's autonomous driving technology is in the spotlight after recent

crashes. siemens has raised its profit expectations for 2021 reporting strong growth from january to march the conglomerate's industrial business grew by 31 percent compared with this time last year demand in china as well as increased growth in the company's health care unit helped power the results. the us federal reserve is warning that prices of stocks and other financial assets are rising to levels that could set investors up for big losses from sudden declines the fed noting that aside stocks crypto currencies and other risky assets have risen dramatically in value since november. when europe's low interest rates have pushed investors into different corners of the market looking for any kind of return and some of them have even fallen for questionable schemes like the one run by green still bank it offered above market interest rates attracting not just individuals whose deposits are insured under german law but municipalities whose deposits are not insured the bank imploded leaving some german cities with their losses the

german city of cologne city managers invested 15000000 euros to renovate its opera house and that money is now gone in the nearby town of mannheim 38000000 euros just disappeared overnight and the city of east baton interested greensill with 20000000 euros all gone much to the chagrin of the city's residents. it when you've got some big i said to him that i feel sorry for all the mayors who invested there of course on the other hand i think it was pretty stupid as a private person you would never invest your money with a bank like that that is where you know the interest rates are just too good to be true i can't believe they did that so i hope at least 50 responds financial manager says the money wasn't earmarked for any special project and giving it to green still seems like the right thing to do at the time. if we left the money in our house bank we'd have paid no point 5 percent custodial fees a so-called penalty interest which would have come to

a $1000000.00 euros per year so we looked for other solutions including private banks and green so bank in bremen was one of those we chose it because it had a positive reading at the time it was rating. the various city governments were unaware of the risks but in 2019 a swiss reading's agency had already read green said bank as junk the list of deficiencies was long intruding nontransparent financial entanglements still no one noticed not even germany's financial regulators. now this is hard to comprehend and almost on bearable we have a very large bureaucracy in germany when it comes to banks and banking supervision . and the fact that these scandals happen over and over again and banking supervision lags behind when it comes to how these banks do business it's in comprehensible. now. 17 german

cities have now decided to take joint legal action against the insolvent greensill banks including claims for damages however the insolvency administrator expects the proceedings to take at least 5 years. is changing its policy as a result in the future the city will only invest in secured assets. so for me the business teams are largely to be dot com slash business. it's not just a sanitarium in. the burial ground and found intact. people who perished wants to. find the final resting place. anonymous alive forgotten by the wilds. never mole long.

we've got some tips for your bucket list. corner. and some great cultural memorials to boot. we go. to. a low and welcome to a new edition of focus on europe thanks for joining us today nato is pulling its troops from afghanistan and that includes the german bund a spam the consequences of this move can be seen in europe. around $10000.00 soldiers are deployed at the hindu kush now they are packing their bags.