v.w. emissions cheating scandal broke on september eighteenth two thousand and fifteen in the days that followed the company's share price plummeted on september twenty second b.t.w. issued a warning to its shareholders the company maintains that in this matter at least it acted according to its duties. indeed it's before stay in for our point of view this case is only about whether folks dogmatic obligation to inform shareholders in the markets that we're convinced that this is the case. isn't about sort of the stepfather the courts ruling isn't expected until the end of next year. u.s. trade officials say they're hoping to reach an agreement to lift some trade barriers with the european union by november the comments come after a meeting between e.u. trade commissioner to senior monstre and u.s. counterpart. ties between the two have come under strain with the u.s. threatening to impose import tariffs on e.u. cars while the latest talks suggest the two sides could be ready to remove tariffs on some industrial products months from set that last week that quote profound disagreements continue to

v.w. emissions cheating scandal broke on september eighteenth two thousand and fifteen in the days that followed the company's share price plummeted on september twenty second v.w. issued a warning to its shareholders the company maintains that in this matter at least it acted according to its two she's. been game before student for point of view this case is only about whether fox matters obligation to inform shareholders and the markets that we're convinced that this is the case. this into. the courts ruling isn't expected until the end of next year. financial correspondent frank stock exchange has been following the day's proceedings for us he told us that the case could have wider ramifications for other companies as well. traders here in frankfurt discussed the role of the main plaintiffs in this court case they cut investment not a hedge fund not an activist investor not a company trying to get rich in the litigation industry they cut investment is the fund manager of the german the public sector savings banks dealing with the savings of millions of german mom and pop investors such a rath

v.w. management knew about the emissions cheating devices installed in its vehicles long before then and should have informed shareholders if dick i invest in it wins this test case it would be followed by a veritable avalanche of claims. contribution is following this case closely from the very first stock exchange conrad what is the likelihood of an avalanche of lawsuits as we heard there. or you know been at the moment roughly four thousand shareholders of fox who are have filed lawsuits in various german courts among them hundreds of individuals fewer than half of those are now at issue in the court hearings that started today and this trial of course will set a precedent for the other cases if only a few of those claims are considered to be legitimate by the court of course this would encourage all of the other plaintiffs to proceed with their court cases i don't know whether this would be an avalanche it would sure be a big problem and one that can last very long and expensive one what about the judge's comments though that the most of the claims come too late. you know in this case now t

v.w. management knew about the emissions cheating devices installed in its vehicles long before then and should have informed shareholders if take an investment wins this test case it would be followed by a veritable avalanche of claims. so what are investors making of this test case against fox lying let's ask our man in frankfurt. we're talking about something like nine and a half billion euros claimed by shareholders is that a bit like biting the hand that feeds you. good point monica and yes the money the damages will eventually be paid by the company not the managers the executives who were in charge at the time this is likely to be taken into consideration in the courtroom and it makes it more likely that this will end with some sort of settlement and not with you know a clean cut when all loss and of course i mean i just have to repeat again nine and a half billion euros the amount is staggering and it truly is a first for germany isn't it. yes you know litigation cases where such large sums are at stake we're used to hearing about them from the united states and not from germany what's

v.w. management knew about the emissions cheating devices installed in its vehicles long before then and should have informed shareholders if dick i investment wins this test case it would be followed by a veritable avalanche of claims. so-called red bulls and what do you reckon our financial correspondent standing by in frankfurt is there going to be an avalanche of lawsuits. it all depends on this one model court case which will set the president precedent for all those other thousands of claims that shareholders have filed in german courts in various german courts what i can tell you is that the plaintiffs in this model case to investment has probably found the best litigation lawyer it could find here in germany under still. back after the back in the times after the tech bubble burst he was probably the most hated litigation lawyer in german tech firms among them deutsche telekom the fact that they car has him as its attorney is really an asset. while you're there just tell us how the dax is doing today because it had a really bad week last week it lost what three percent. yes a bit more t

v.w. management knew about the emissions cheating devices installed in its vehicles long before then and should have informed shareholders if dick an investment wins this test case it would be followed by a veritable avalanche of claims. by let's see what the financial world makes of this. man of the frankfurt stock exchange what's the trading floor making of this test case against all odds. this is closely watched by traders monica and not only we're talking about a lot of money here and not only because a core principle of corporate governance is at stake here you know the principle that the company has to inform all its stakeholders the shareholders of both about what's going on and of course all of them at the same time but also the fact that because investment is the main plaintiffs here is new and it's important to talk about it because the it's not some hedge fund or some company that wants to make money in the litigation industry this is the fund manager for the german system public sector service savings banks which deal with the money of millions of german mom and pop investors the fa

v.w. share price in the days after the emissions cheating scandal broke during proceedings and shoes say the presiding judge said v.w. c.e.o. had dragged his feet when it came to public pronouncements b.w. faces a total damages bill of over a nine billion euros if it loses the case. and ryanair is canceling one hundred fifty flights in and out of germany wednesday as pilots and flight attendants strike for the day it's the latest in a string of walkouts which affected tens of thousands of passengers across europe this summer the airline staff are demanding better conditions and higher wages ryanair which only recently recognised unions has condemned the latest industrial action saying the walkouts could lead to jump cuts in the german market this winter . i was doing business with you. wow. wow wow. wow wow wow wow a. plan b. our fighters want to start families to become farmers or engineers everyone a vast aplomb of the. summoning is just that the children who have already been the n.i.c.u. and those that will follow are part of a new process. they could be the future of. granting opportuni

v.w. management knew about the emissions cheating devices installed in its vehicles long before then and should have informed shareholders if day kind vestment wins this test case it would be followed by a veritable avalanche of claims. turkey's second quarter grants figures are coming in today the country has a target of five and a half g.d.p. growth through to twenty twenty analysts however expect the country's chronic inflation to remain a major problem for the economy president added one of these high interest rates which could help fight inflation a battle for economic growth the u.s. sanctions on turkey have also done very little to help its economy. and for more i'm joined by gammons jenkins of the institute for security and development policy he joins us in istanbul good to have you with us so those latest g.d.p. figures yet to come in what do you expect actually just been announced so we've twelve months or g.d.p. figure of five point two percent growth till the end of june which is just about in line with market expectations but it still shows that growth this is the climbing over the

v.w. management knew about the emissions cheating devices installed in its vehicles long before then and should have informed shareholders if dick i investment wins this test case it would be followed by a veritable avalanche of claims. so colorado's and what do you reckon our financial correspondent standing by in frankfurt. is there going to be an avalanche of losses . it all depends on this one model court case which will set the president precedent for all those other thousands of claims that shareholders have filed in german courts in various german courts what i can tell you is that the plaintiffs in this model case taken vestment has probably found the best litigation lawyer it could find here in germany and the still. back after the back in the times after the tech bubble burst he was probably the most hated litigation lawyer in german tech firms among the deutsche telekom the fact that the car has him as its attorney is really an asset. while you're there just tell us how the dax is doing today because it had a really bad week last week it lost what three percent. yes a bit more than t

of the emissions scandal are lined up behind dika altogether v.w. shareholders are claiming nine and a half billion euros the figure is based on the forty percent drop in three w.'s share price in the first two weeks after the scandal became public. take an investment claims v.w. management knew about the emissions cheating devices installed in its vehicles long before then and should have informed shareholders iftikhar investment wins this test case it would be followed by a veritable avalanche of claims. so what are investors making of this test case against fox lying let's ask our man in frankfurt. we're talking about something like nine and a half billion euros claimed by shareholders is that a bit like biting the hand that feeds you. good point monica and yes the money the damages will eventually be paid by the company not the managers the executives who were in charge at the time this is likely to be taken into consideration in the courtroom and it makes it more likely that this will end with some sort of settlement and not with you know a cle

v.w. management knew about the emissions cheating devices installed in its vehicles long before then and should have informed shareholders if dick i investment wins this test case it would be followed by a veritable avalanche of claims. you're watching d.w. news or we'll be back with more at the top of the hour and in the meantime don't forget you can get all the latest news and information from around the clock on our website at d.w. dot com for now thanks for watching. they're known as the baby games of neighbor. children and teenagers in a city dominated by crime and violence form games and flout the law. these many mobsters feel they have no other feature. on. the guardians of the crew good nash. this time they arrived too late to all they found was the body of a dead man's. punches have struck again. always a devastating experience for the rangers because south africa faces a bleak future without its wildlife. in sixty minutes on. lehman brothers ten years on a story of ambition greed and megalomania. where so clever the eastern. lots were a bunch. of investment bankers called the carousel

v.w. share price in the days after the emissions cheating scandal broke during proceedings and shoes say the presiding judge said b.w. c.e.o. had dragged his feet when it came to public pronouncements b.w. faces a total damages bill of over nine billion euros if it loses the case. and ryanair is canceling one hundred fifty flights in and out of germany wednesday as pilots and flight attendants strike for the day it's the latest in a string of walkouts which affected tens of thousands of passengers across europe this summer the airline staff are demanding better conditions and higher wages. recently recognized unions has condemned the latest industrial action saying the walkouts could lead to jump cuts in the german market this winter. i was doing business with the. we're. going to an official estimates more than one point two million venezuelans live in colombia and illegally. already eckel all returned to pass a law. to visit friends is that i don't think i'd ever go back there to live you know what i live there again i don't know so i'm not sure. bearing witness global news that matters. m

v.w. share price in the days after the emissions trading scandal broke during proceedings and shoes say the presiding judge said b.w. c.e.o. had dragged his feet when it came to public pronouncements you faces a total damages bill of a nine billion euros if it loses the case. and ryanair is canceling one hundred fifty flights in and out of germany wednesday as pilots and flight attendants strike for the day it's the latest in a string of walkouts which affected tens of thousands of passengers across europe as the airline staff a demanding better conditions and higher wages ryanair which only recently recognised unions has condemned the latest industrial action saying the walkout could lead to jump cuts in the german market this winter. i was doing business with you. how's your view of the world. where i come from not over that could just go it's just like with chinese food doesn't matter where i am supposed was reminds me of home after decades of living in germany chinese food is one of the things i miss the most but better taking a step back i see something a little of difference to knowle

v.w. share price in the days after the emissions cheating scandal broke during proceedings on tuesday the residing judge said v.w. c.e.o. had dragged his feet when it came to public pronouncements comical faces a total damages bill of a nine billion euros if it loses the case. and ryanair is canceling one hundred fifty flights in and out of germany tomorrow as pilots and flight attendants plan a one day strike it's the latest in a string of walkouts which of affected tens of thousands of passengers across europe this summer the airline stuff a demanding better conditions and higher wages ryanair which only recently recognised unions as condemned the latest industrial action saying the walkouts could lead to job cuts in the job and market this winter. that sounds like a threat fact brant jeff ashton says this week russia later actually rides van russia has begun its biggest military exercises since the end of the cold war hundreds of thousands of russian troops have been joined in eastern siberia by soldiers from china and mongolia nato says the exercises show that russia is preparing for a

v.w. share price in the days after the emissions cheating scandal broke during proceedings on tuesday the presiding judge said to v.w. says oh hard to drag his feet when it came to public pronouncements e.w. faces a total damages bill of over nine billion euros if it loses the case. well this week marks ten years since the lehman brothers collapsed an event of course that triggered to the global financial crisis and the impact could also be felt in asia where the gap between rich and poor deep tartus to china indonesia india and laos whereas in vietnam and bangladesh inequality is less of a problem today also thanks to the action taken by one social entrepreneur. there this is a school in a poor neighborhood of. here children from underprivileged families have an opportunity to get an education. you or anyone know what lay has an op ed found at the school he gave up his career as a corporate executive to establish brock in one nine hundred seventy two it's now one of the world's largest non-governmental development organizations it operates throughout bangladesh and in ten other countries

v.w. management knew about the emissions cheating devices installed in its vehicles long before then and should have informed shareholders if dick i investment wins this test case it would be followed by a veritable avalanche of claims. following this case closely from the very first stock exchange. what is the likelihood of an avalanche of lawsuits as we heard there. well you know ben at the moment roughly four thousand shareholders are folks who are have filed lawsuits in various german courts among them hundreds of individuals fewer than half of those are now at issue in the court hearings that started today and this trial of course was set a precedent for the other cases if only a few of those claims are considered to be legitimate by the court of course this would encourage all of the other plaintiffs to proceed with their court cases i don't know whether this would be an avalanche it would sure be a big problem for folks and one that can last very long and expensive one what about the judge's comments though that the most of the claims come too late. you know in this case now the plaintif

v.w. and b.m.w. are suspected of coordinating to restrict the development and launch of emissions control systems essentially that would deny customers the opportunity to buy less polluting cars if found guilty they could face billions in fines the probe comes at a sensitive time for v.w. a comic a faces a raft of cold cases in the coming months over revelation revelations installed illegal software to cheat on emissions tests. the german government had to publicly row back today on their promise to put one million electric cars on germany's street spots whence twenty let's bring in. frankfurt darnall is that more embarrassing for german carmakers or for the government. well i guess actually garrett it's a shame for both sides i remember the words of german chancellor angela merkel very well when she was stating yeah by twenty twenty the reality on the german role would be that we see e-cards everywhere well i've been standing here i guess for the last twenty minutes i have not seen a single e-car going by and that's really the reality in germany also when you talk about the car makers i guess the only car m