to take the concerns of the people into account and that's not the only balancing act for the e.c.b. future head she says monetary policy will also need to take into account the global economies headwinds including trade disputes and rising geopolitical risks. the kong scandal has been called the most complicated tax case trial a german court has ever seen now for simplicity simplicity sake it involved claiming rebates on taxes paid on stock dividends except those taxes for never paid it was a widespread scheme that cost european treasuries billions of euros and lost tax revenue the 1st trial in the matter has now started. to british stuff brokers of appeared before a court in bond charged with over 30 counts of tax evasion they were alleged to have been behind illegal tax rebate claims made in the system known as comics used to bankers alone allegedly swindled 440000000 euros from the german state the comic scheme relied on a lack of financial oversight during the day on which stocks were due for dividend payments several parties sold share packets and hence ownership amongst themselves .

to take the concerns of the people into account and that's not the only balancing act for the e.c.b. future head she says monetary policy will also need to take into account the global economies headwinds including trade disputes and rising geopolitical risks. the u.s. trade deficit gap sots largest drop in 5 months and narrowed by 2.7 percent to $54000000000.00 in july more cars medications aircraft and oil drilling equipment sold abroad to help to get their chinese imports to the u.s. also fell to their lowest level since april amid the trade war between the world's top 2 economies but analysts expect the u.s. is trade gap to widen again in the coming months amid weaker demand for american manufacturing exports. joins us now from new york the trade deficit has been a sore point for the white house is the fact that it has now shrunk in donald trump's policies have worked at least for a little while not really even if the trade deficit at least with china decreased a bit for the month off july both exports and imports to and from china drop but exports dropped a bit more than imports but ov

to take the concerns of the people into account and that's not the only balancing act for the e.c.b. future head she says monetary policy will also need to take into account the global economies headwinds including trade disputes and rising geopolitical risks. south african president poster officially opens the 28th world economic forum on africa today but. attacks against other africans living in south africa are overshadowing the of it the riots also sparking reprisal attacks on south african businesses in nigeria. many african foreigners no longer feel safe in south africa these demonstrators want an end to the violence against women in the country. have stepped up security at the venue for the world economic forum the mood is tense but south african officials aren't taking part in the press conferences and some participants want to talk about the attacks i think it should yes i think it should especially as really iconic now that we're having this meeting there are demonstrations about xenophobic attacks right outside the building i think it should be a focus point on the agenda to some

future so they say they quote in their report frank kohler c.e.o. sparta bank berlin and he says that the negative interest rate policy of the e.c.b. is ruining the financial system and is a socio political poison says frank kohler c.e.o. of sparta bank berlin the financial system is absurd if we have to explain to the children that money has a negative value and thus debt is good because you may not have to repay anything again this is one of the things we've been covering and it's an important thing to look at since 2016 because everybody is looking for like some sort of mythical reason for all the stuff happening around us the populism the socio political poison that is negative rates that is the fact that we have in deed genuinely consumed the next 3040 years of of 5 productivity and assets right at the behavior of the debt black color still amongst us living zombies so when you go into negative rates they will go into your bank account and they'll say we need to take some money from your bank account and that will become 2 percent a year then 10 percent a year then 100 percent then they'll say well your car is also securitize