a bombshell in the saga already c.e.o. rupert starr has been detained over a fraud investigation parent company called for the arrest is the latest development in ongoing emissions cheating scandal. google is set to invest five hundred fifty million dollars in chinese online sales giant j.d. dot call making it the latest u.s. company to dive into asia. and australia have launched negotiations aimed at reaching a free trade deal this comes amid don't trump the decision to impose tariffs on many of his country's trading partners including. i don't walk on to your business news. connection to these of gate scandal german luxury carmaker audi is set to receive an interim boss according to reports sales director on short is likely to assume the position of supervisory board. to confirm the decision german authorities arrested this morning a spark of an investigation into emissions task cheating prosecutors said he was being held to fears he could temper of it evidence is more. the audi c.e.o. maintained he knew nothing about the diese

the c.e.o. rupert studly maintained he knew nothing about the diesel scandal at a shareholders meeting last month everything happened very quickly after that prosecutors searched his home last week then on monday he was arrested in was it over there have been hints that the defendant could try to influence evidence for example the evidence of other defendants all witnesses. telling group edge toddler is accused of knowing about the emissions cheating in europe when the scandal broke in the u.s. but unlike in america he did not order a hole to production thousands of audi's with software issues have made it onto the road. star has been at the helm of audi since two thousand and seven within the company there's been criticism of his handling of diesel games audi engines fitted with the emissions cheating software have ended up in other cars in the v.w. family like porsche. which means that once again germany's folks wagon is in damage control. the world's biggest carmaker is losing trust among investors

or should i mean rupert sadler was almost at the top of the company's not only a c.e.o. of the but he sits on the executive board of volkswagen itself so responsible for all the major decisions and he's been in the know for many years through top positions at once he was chief or c.e.o. fighting on here when when he was on board there at the top and you know it just confirms many people suspicions here that i've talked to over the years since the scandal broke that it couldn't have just been a few middle range engineers acting on their own and acting up know this had to go to the top this knowledge of course nothing is proven yet who could stop was among those who must be assumed innocent until they are proven guilty but it sure doesn't look good in the share today went down quite remarkably and the share although is still above the level of the. as before the scandal bennett recovered so the shareholders not really lowering their thumbs but showing themselves shocked at this development. in spoke what is the mood like among workers that. to be honest well it's not very

audi's c.e.o. rupert stark been implicated in the diesel gate scandal munich prosecutors say the investigating him as well as another board member of the folks back in subsidiary the prosecutor's office as had been accused of fraud in connection with the ongoing emissions cheating scandal since the thirtieth of may now police have also searched his apartment as possible of that investigation. off of the buy a takeover of monsanto now another big german name is taken over an american german building materials make a no is buying american drive will produce a u.s. g.d.p. deals worth around seven billion dollars and gives access to the massive construction market in the united states u.s.g. was founded in one thousand nine hundred two it will keep its headquarters in chief toggle and continue to be managed in the u.s. companies expect to see all the deal the next year. and that's all your business speculative thank you gary hart we'll go now to the fate of more than six hundred migrants stranded on a rescue

to publish on history and he's still the only going to thank you very much after the arrest of c.e.o. rupert stalder in connection to the diesel gate scandal chairman luxury carmaker already is set to receive an interim boss according to reports sales director auberon short is likely to assume the position v.w. supervisory board is meeting in spork to confirm this this issue now german authorities arrested stalled the this morning as part of an investigation into a mission's test cheating prosecutor said he was being held due to fears he could tamper with evidence here is more. it's a getting a bit tight for audi c.e.o. stadler he's the first top executive in the auto industry to be arrested for his involvement in the deal. he's been on the radar of investigators for a while a week ago the prosecutor's office had initiated a preliminary investigation against him and his private rooms with. the charge fraud and follow such a vacation start law alleging knew about the manipulations in europe after the uncovering of diesel gate in the united states but unlike in the u.s. he didn't order a sale

and audi c.e.o. rupert stock has been implicated in the diesel gate scandal meaning prosecutors say they're investigating him as well as another board member of the fox fox subsidiary the prosecutor's offices stock have been accused of fraud in connection with the ongoing admissions cheating scandals in may thirtieth now police have also searched his apartment as part of that investigation. now the football world cup begins in russia on thursday but hooliganism from russian football fans is casting a long shadow chris huntington from t w sport is here to tell us well welcome chris thank you this has been a big problem for russia for some time yes it started back in the one nine hundred ninety s. when the soviet union collapsed says it has become a way of life in some cases even militaristic we have a report for you phil let's take a look. first hiding for the sake of fighting this is the hooligan seen in russia when they were in the world cup. in these fights a pure adrenalin it's a rush everyone wants to p

after the shock arrest of its c.e.o. rupert's start yesterday german luxury carmaker audi has announced a temporary replacement but i'm sure it will take over while startler remains in custody under investigation for fraud shorter's a member of out his board of directors way serve as head of marketing and sales to shake up started when prosecutors arrested start like concerned he was attempting to influence witnesses in the criminal investigation into the diesel initials emissions scandal. let's make a quick check on how the markets are taking all this in with only bad who's standing by in frankfurt only a brown short is he the right man for the job but why did it take so long to replace star. i don't think there's an answer to the second question i don't think anybody knows why it took so long the only answers i can think of is that the people in the supervisory board were in a disagreement over whether to fire starter and who to appoint and also how to communicate it needed in the end how to treat stadler after he was suspended

c.e.o. is rupert stadler has been implicated in the days of a scandal as well munich prosecutors say they are investigating him as well as another board member of the vox fog and subsidiary well the prosecutor's office had been accused of fraud in connection with the ongoing emissions cheating scandal since the thirtieth of may now police department as possible stuff that keeps the us president awake at night but german building materials make a canal is buying american dry will be. you see us she deals for around seven billion dollars and gives canal access to the massive construction market in the united states us she was founded in nineteen zero two it will keep headquarters in chicago and continue to be managed in the u.s. companies expect to seal the deal early next year. and financial correspondent so if you shouldn't ski is a new york for us sophie in the middle of the transatlantic trade dispute how has the news of canal so acquisition gone down over the. well it seems like a win win situation this deal is the post to fall for you if this bankruptcy u.s.d. is the biggest u.s. maker of

and audi situation and people here say rupert's toddler as c.e.o. of audi volkswagen has to take consequences and remove him from that post he can't stay with but this development now not only i mean given given the way to all the german car industry when it comes to to the might of the german economy how are investors handling all this today. investors are handling it as one might assume they're there alarmed and the volkswagen share is going down it's going down further the further trading goes the further this news is sinking in and it's also going down because i'm liz also at issue so far it's not a freefall it's not a tumble but there are fears of course that this will this development will not only cost rupert stopper his jobs but will result perhaps in testimony that will incriminate other executives and will give the way to claims of damage or of being informed too late as a stockholder and this could cost v.w. for example further amounts of money perhaps lots of money it is a question to both of you perhaps i mean i mean korea certainly is

c.e.o. of audi rupert startling has been implicated in the diesel gate scandal as well munich prosecutors say the then vesta gating him as well as another board member of the folks fund subsidiary the prosecutor's office says stoplight has been accused of fraud in connection with the ongoing emissions cheating scandal since the study of many now police have also searched his apartment as part of that and he was a geisha. and that's all your business is back to. thank you gary hart the fate of more than six hundred migrants stranded on a rescue ship in the mediterranean remains unclear the french island of corsica has become the latest to offer to take in the ship after italy refused to let the vessel use a sports fan also says ship would be welcome but spanish force would take three days to reach and supplies wanting. to go to paris and rome nic rome and the uk the search and rescue coordinator of the rescue ship aquarius which is operated by the charity as so as mediterranea nic you remain in contact with their crew you're not there right now but what are they telling you about the condition

c.e.o. of audi rupert starglider has been implicated in the diesel gate scandal munich prosecutors say that they have vested gasing him as well as another board member of the folks walking subsidiary the prosecutor's office says stoplight had been accused of fraud in connection with the ongoing emissions cheating scandal since the thirtieth of may now police have also searched his apartment that's part of that investigation. after the buyer takeover of monsanto now another a big german name is taken over american foreign german building. make a note of is buying american dry wall producer u.s. g eight deals worth around seven billion seven billion dollars and gives access to the massive construction market in the united states u.s.g. was founded in one thousand nine hundred and two it will keep its headquarters in chicago and continue to be managed in the u.s. the companies expect to seal the deal the next next year. and that concludes your business up to date for now it's back to the big summit thank you gary hart we're just going to take a look back at what happened just a few hours ago w

c.e.o. he's replacing rupert stadler, who was suspended after being arrested in a diesel emissions investigationosecutors reportedly tapped sadler's phone and arrested him because of fears he might have tampered with evidence. roche has agreed to buy 43% of foundation medicine it doesn't already own. the price, $2.4 billion. that represents a 29% premium to yesterday's closing price. and that's your bloomberg business flash. w, still ahead, davide is up next, talking italy and the outlook for deutsche bank. this is bloomberg. ♪ >> live in new york i'm vonnie quinn. caroline: live in london, on caroline hyde. markets.loomberg let's check in with the first word news. >> the trade disputes between the two largest economies is getting worse. china fell to retaliate after president trump threatens goods. on another -- another batch of goods. kim jong-un is in beijing where he will brief china about his meeting with president trump. it is his third trip to china since march. the opec meeting in vienna is shaping up to be one of the cartel's most contentious effort. russia says they should consider rai

c.e.o. yesterday the german luxury carmaker has suspended rupert he is the first top executive to be arrested in germany in connection with a diesel gate scandal his temporary replacement has just been confirmed to be sales director brown shot accused of knowing about the emissions cheating in europe when the scandal broke in the united states but unlike in america he did not order a halt to production thousands of audi's with software issues have since made it onto the road has been at the helm of algae since two thousand and seven. but turkey is holding presidential and parliamentary elections on sunday turkish president richard type added one is seeking reelection he's been in power for sixteen years and many see him as the man who put the turkish economy on the map but times have changed to the turkish lira has been plummeting for months foreign investment is declining the uncertainty is also prompting german businessmen to pack their bags. fresh fruit and vegetables are the bedrock of maurits far vine's business four years ago the german entrepreneur started a small company in istanbul h

c.e.o. of car maker audi was arrested arrested related to the ongoing scandal that started with volkswagen over emissions cheating devices installed on their vehicle audi as part of the v.w. group this makes rupert stadler the audi c.e.o. the highest ranking v.w. group employee to be detained related to the scandal he was reportedly taken into custody in order to ensure that there was no witness tampering connected with the ongoing investigations according to c.n.n. money the news comes days after german regulators issued a one point two billion dollars fine for emissions cheating that fine in addition to the already more than thirty billion dollars that v.w. has already paid seem to be something people are taking note about and here to talk about audi and the other auto industry news in this story jammed up stories that are jammed up is car coach lauren fix lauren thanks as always for taking time to b.s. with us what's your take on that arrest. well we kind of thought that the somebody to be arrested researcher was v.w. group or is going to be staff from audi but the fact is these engines are all volkswagen engine so someone from volkswagen in their engineering department is obviously not the o

c.e.o.'s detained over emissions cheating allegations how serious is that. i think it's a major blow for volkswagen for audi of course rupert stock has been in top positions there for years as c.e.o. before that he was finance chief and before that he was chief of the general secretary at that is chief of staff basically to the volkswagen c.e.o. so he's been in the know for years and years and the porsche ph family that basically owns the majority of volkswagen is very close to starter has prevented that with all the allegations that were already there up to this point that he was released from his post of course having said all that one has to presume also for rupert stopper that he is innocent until proven guilty in a court of law but it does not look good for him now with the prosecutors taking that step of actually arresting him for fear of danger of concealment that is perhaps the fear that he can influence others into not giving evidence that they should. it doesn't look good for him and for folks like in terms of the presumed innocent is that's how investors are seeing it how do they react. well i think they're sayin

oh sure i mean rupert sadler was almost at the top of the company's not only c.e.o. of the but he sits on the executive board of volkswagen itself so call responsible for all the major decisions and he's been in the know for many years through top positions at once he was chief or c.e.o. fighting on p.s. one when he was on board there at the top and you know it just confirms many people suspicions here that i've talked to over the years since the scandal broke that it couldn't have just been a few middle range engineers acting on their own and acting up know this had to go to the top this knowledge of course nothing is proven yet rupert stock was among those who must be assumed innocent until they are proven guilty but it sure doesn't look good in the share today went down quite remarkably and the share of all is still above the level it was before the scandal tank than it recovered so the shareholders not really lowering their thumbs but showing themselves shocked that this development. in spoke what is the mood like among workers that. to be honest well it's not ve

c.e.o. of its audi subsidiary has been taken into custody over the diesel emissions scandal rupert stock is under investigation for fraud and false advertising he is one of several b.w. brands that have admitted using specialized software to defeat emissions output for diesel powered vehicles. that is the unabashed joy of mexico fans celebrating their team's lone goal and eventual victory over germany the defending world cup champions few outside of mexico had given them a chance but against the powerful germans mexico was quick and resourceful and they won their opening match of the group stage it was only the second time in one thousand tries that germany has lost their world cup opener. i'm mexican stunner in the thirty fifth minute she tried to tell that much homos in jerome boateng in his tracks and fed having lozano with the bones of the. mistress of blazing counterattack from the mexicans maisano made a nifty move on measure it is of in the box and fired the ball past a helpless manuel neuer exultation for mexico dejection for germany. germany got their best chances in the waning min

c.e.o. and replaced by the machine -- man on the right. no official was given and the audi boss rupert stadler in custody one thing is clear. it is far from the end of the road for diesel gate. let's get more on this from our correspondent on ground. thanks for joining us. what are you hearing on the ground? how does this resonate with people here working there behind you? >> well, it is tense here and with the workers behind me out of the gates. i tried to talk to quite a lot of them but nobody really wants to speak to me and people are avoiding me by going on the other side of the road. i understand that because they are probably fed up that journalists like me have been pestering them for close to years around trying it talk it them and top executives like one right now who just drove past us can go by in their cool cars and don't have it talk to us. and they are responsible for it. >> you just mentioned nobody wants to talk about the situation and it is a bad monday for the company. what about the management? what do we expect from this situation with what is next after the audi bo

c.e.o. of its audi unit, rupert stadler, was taken into custody.ncern he might tamper with evidence. in germany, the political future of angela merkel is on the line. er coalition is at odds over migration policy. the party is one of three in merkel's coalition, and merkel does have the backing of senior members of her own christian democratic union. in japan, an earthquake has killed at least three people and injured more than 200. the quake struck in the country's industrial heartland and had a magnitude of 6.1. trains and subways halted, and many factories stopped production. in colombia, the next president will be a pro-business lawyer who wants to modify part of a landmark peace process with martinvillee. he won 54% of the vote in a runoff. he called for a cut in corporate taxes, but that may be difficult at a time when colombia is struggling to hold on to its investment grade credit rating. global news 24 hours a day on air and twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. tom: than

c.e.o. some would say unusual qualities of listening and not seeking the limelight but we'll see how it turns out he will probably be in that role until it's the cited that rupert stop there is out or he returns see after perhaps the judiciary decides that he has one thing going for m m m shot he's only been without he since last september so any wrongdoing i would do that goes back years he would have nothing to do with that from out of the clear conscience it seems that the investigations into the legal issues is making progress does not mean the whole diesel gates saga is nearing its resident resolution and that the v.w. board can can take a breather. i don't think either is the case the board can take a breather because it must fear further evidence for the resolution because of course incriminating evidence could become even more costly for the company in suing further court cases and of course the fact that the resolution is near depends on what rupert stadler says if the board of the family treats him well and . you know has his continuing pay and everything then he has no motive to incriminate people all by himself unless that you disagree really force

c.e.o. some would say unusual qualities of listening and not seeking the limelight but we'll see how it turns out he will probably be in that role until it's decided that rupert stop there is out or he returns see after perhaps the judiciary decides that he has one thing going for a member and shot he's only been with already since last september so any wrongdoing i would say that goes back years he would have nothing to do with that from out of the clear conscience it seems that the investigations into the legal issues is making progress does not mean the whole diesel gates saga is nearing its president resolution and that the v.w. board can can take a breather. i don't think either is the case the board can take a breather because it must fear further evidence for the resolution because of course incriminating evidence could become even more costly for the company in suing further court cases and of course the fact that the resolution is near depends on what rupert stadler says if the board of the family treats him well and . you know has his continuing pay and everything then he has no motive to incriminate people all by himself unless the judiciary really

that rupert's toddler had been arrested there was speculation and then it seemed to be more and more concentrated that the sales chief of the brown shot a dutchman would be appointed interim c.e.o. to be able to handle the audi business that normally a c.e.o. does which he can't do when he's in a prison cell but that announcement hasn't been made formally at the supervisory board member and will spread where the group headquarters are but so far we've heard nothing that of course does not shine that greater light on the management of the affair at some point will spring officials should have seen something like this coming and have something in store but they don't and the volkswagen chair is losing heavily again today talking of shale tumbling certainly they do so in asia and the reason of course is that the stakes have gotten even higher beijing now accused washington off of blackmail and vowed retaliation after u.s. president on a triumph threatened on monday to slap a ten percent levy on two hundred billion dollars worth of chinese imports in the latest round of tit for tat exchanges in a rapidly escalating trade dispute between the world's two biggest economy these fresh t

c.e.o. some would say unusual qualities of listening and not seeking the limelight but we'll see how it turns out he will probably be in that role until it's the cited that rupert stubler is out or he returns c o after perhaps the judiciary decides that he has one thing going for a member i'm sure he's only been with o.t. since last september so any wrongdoing that goes back years he would have nothing to do with it it's a huge fine for apple and australian courts is fined apple six point seven million u.s. dollars for making false claims about consumer rights several hundred customers to the american tech giant after apple refused to p.r. their i phones apple claims to customers had their phones repaired by third party store business violating the warranty but the court ruled out will cannot force customers to use this repair service. founder evil must has warned staf that a former colleague a time to to sabotage the company in an e-mail the saudi unnamed an employee you conducted extensive and damaging sabotage reprogramming and factoring facilities and leaking leaking trade secrets is just the latest in a line of problems dogging the immobility pioneer a stu

c.e.o. of a has agreed to wait until an e.u. wide decision at its upcoming summit the chief executive of german car manufacturer audi has been arrested in relation to the diesel emissions cheating scandal rupert said there was a race on suspicion of ford according to these parent company folks augur those are the headlines let's go back to the system. history is so often told through the eyes of leaders but in amritsar india just thirty kilometers from the border with pakistan this old building is being transformed into a new museum malika. is the driving force behind sars partition museum it's really shocking because if you think about the fact that within a few years of nine eleven happening nine eleven museum was there and they are now numerous holocaust museum this is not beautiful a museum so countries around the world have loved to memorialize these events that have shaped them by dition is not about the political events that led up to by patient it's about the impact on each person who went through it it's really important that we highlight the stories of humanity hopefully one outcome of this would be that we remember our shared humanity and the shed history. i was in america where in

a bombshell in the diesel gates saga already c.e.o. rupert star has been detained over a fraud investigation parent company confirmed the arrest is the latest development in. emissions cheating scandal. google is set to invest five hundred fifty million dollars in chinese online sales call making it the latest u.s. company to dive into asia. you and australia have launched that was she ations aimed at reaching a free trade deal this comes i don't want trumps the decision to impose tariffs on many of these countries trading partners including. to your business news. scandal german luxury carmaker he is set to receive an interim boss according to reports sales director i shot is like.