our correspondent carsten von nahmen on the story for us tonight in washington. carsten, thank you.ere are some of the other stories now that are making headlines around the world. facebook says it has uncovered what looks like a coordinated effort to influence november's congressional elections in the u.s. the company says it does not know who is responsible, but it has taken down dozens of fake accounts related to the campaign. in september, facecebook disclod that russians had used the site to try to influence u.s. voters before and after the 2016 presidential vote. more funerals have been held today for the victims of greece's wildfires. a famous g greek actor and her huhuand were among those killed when flames ravaged the seaside town of mati just over a week ago. the blaze claimed the lives of at least 91 people. malaysia is a civil aviation chain has resigned after a report showed failures in air traffic control. they found controllers failed to put emergency procedures into action when the malaysian airplane vanished from the radar. investigators say they still do not know w

carsten: i don't see this for now. no indications are no indications or evidence toward this direction. again, from a byton perspective, i'm not worrying too much about it. we are here, this is our market, we are producing here, and we have a lot of local r&d here. tom m.: very recent news that china is going to be cutting electric vehicle subsidies again, or further. how does that change the competitive landscape? carsten: i never have been a fan of subsidies. subsidies, they can initiate new technologies, but at the end of the day, the product and the business model has to convince the people by itself. byton's business model does not rely on subsidies. it has to be stable by itself. you will only be successful in this market if you have the right products that can compete in the market with other products. selina: that was byton ceo carsten breitfeld speaking to tom mackenzie. coming up, we speak about the future of high-speed transport. this is bloomberg. ♪ selina: it's a concept ripped from the pages of science fi

carsten: no. more of a domestically driven , so stock market corrections are part of the game, and if you look at the real economic impact, i think the chinese economy should benefit from the fact that it is much stronger to have moved up away from being an export driven economy. mark: what about currencies affected by the weak yuan? china is deemed an anchor when it comes to currency stability in the region. when you look at other asian economies, do you worry about the recent declines in the yuan and impact on competitiveness? carsten: obviously, this will have an impact on all the small economies linked to the chinese economy to the yuan, and i think it also touches upon a broader topic in french markets now, which is emerging markets in general, which has been hit or hurt by the good performance of the u.s. economy and the rate increases by the fed. mark: we will talk more about that, next. , speaking with us from london, thank you. this is bloomberg. ♪ . this is bloomberg. ♪ mark: live from l

and for more on this i'm joined now by our washington correspondent carsten phone carson first we had this blistering speech from secretary of state my pompei was we saw then a furious tweet from the president is it fair to say that this is the start of a new u.s. diplomatic offensive against iran it sure looks like it's there a new banking banking sanctions coming up their plans for new sanctions against iranian oil exports so clearly don't and trump and his people are trying to increase the pressure on the rainy and regime they have been pretty consistent and approach we have to admit there at the same time what kind of but wonder whether this is also an attempt to distract from all the negative headlines the president got after his disastrous trip to europe and in particular his meeting with russian president putin also the russian investigation here in the u.s. is going on his former campaign manager paul manifolds will be on trial later this week so maybe that's also part of the explanation ok so a lot of domestic factors potentially also play here but i mean ultimately u.s. pres

president their new best friend let's go to washington our correspondent carsten phenomenas on the story for us tonight good evening to you carson so made it clear that mr conte is his go to european leader but you know with the german chancellor when the french president they visited the white house earlier this year they both they receive these warm welcomes and the these declarations of best friends forever is there any substance to saying that conte is most useful friend in europe. well known trump is known for saying one thing today and saying the complete opposite tomorrow but i think we have to point out that indeed the political positions of mr conte and his coalition government are much closer to donald trump . the positions of say. or mccraw donald trump and many of his people including some of the new best that have been sent to europe have repeatedly criticized what they see as too liberal migration policies in europe and the globalist multilateral instincts of the european establishment and instead they have expressed support for the new right wing movements in europe and th

now let's shed some light on these developments and talk to carsten brzeski he's the chief economist at db and joins us now from frankfurt caused those u.s. figures don't seem to impress anyone has u.s. growth really peaked. you know one of the no not really i think the u.s. can still benefit from the from the tax cuts we got on there under president trump and also from the still are out of you know interest rates so i think for for two thousand and eighteen the growth picture looks extremely promising for the u.s. economy two thousand and. eight different story because then we will see that the stronger dollar the higher interest rates will probably start to bite and to dent that bit of the recovery well is it really all downhill from here are people just really deliberately trying to talk down a strong u.s. economy. i think it's more or less we we have a very long and positive cycle in the u.s. economy but similar to what we see in in germany almost ten years of continued growth and then obviously it is much easier to predict the next slowdown than predicting a endless continuation

of sports radar carsten curl said of the recent acquisition quote having two new investors with a strong north american footprint is ideal given our increasing focus and expanding operations in the u.s. as the sports industry evolves to meet the expectations of today's sports fans sports radar will continue to develop best in class integrity and technology driven services as we expand into new market segments and we're excited to have such a strong team behind us additionally big names in the sports world see the long term investment opportunity and are among the existing shareholders of sports radar washington capitals and wizards owner ted leonsis former n.b.a. superstar an owner of the charlotte hornets michael jordan and dallas mavericks owner mark cuban are all investors with a strong focus on the u.s. sports gambling market ever since the supreme court ruling two months ago new. jersey and delaware have been the first to take advantage with many other states are likely to follow beginning with reviving the casinos and racetracks and now single game sports betting companies like spo