A trip like airplanes. Seventeen thousand kilometers in six weeks. Taking landscape. Can experience a. Touching story. This is our home gods country and her. Other better place seventy thousand kilometers through canada starting february twenty seventh. Latvia in damage control he added Corruption Authority launches an investigation of a bribery accusations against the Central Banks governor well the u. S. Accuses the nations third biggest lender of Money Laundering. Thailand enjoys its best Economic Growth in five years and the asian nations that military rule is. Getting a bright and indias ecommerce boom propagates a logistics nightmare for delivery men how some startups are using tech its tackle the challenges. And lets do business corruption authorities are investigating a top official of the European Central bank accused. Of bribery hes also governor of Latvia Central Bank the governments been meeting in an emergency session it has a lot on its plate or the baltic nations biggest banks is accused of busting sanctions on north korea. Top banking official from savage arriving at the countrys Anticorruption Agency rim savage seen here wearing a cap was questioned by authorities after they raided his offices and property Authorities Say he is being held for demanding a bribe of at least one hundred thousand euros the news comes a week after u. S. Authorities proposed banning one of latvias largest private banks a. B. L. The bank for allegedly Money Laundering that he as finance minister sought to offer reassurance. You know just to stand up i can assure you that the latvian finance system is stable banks dont have liquidity issues so depositors can feel completely safe because. The flow of this moment im going to use this only involved watching you not just in order to protect the finance sector stability and reputation i think the term savage should resign from his post while the investigation is ongoing. Now cops know that. The latvian Prime Minister has also called for him savage to step down but markets are still likely to remain an easy about the state of latvias Banking System on monday the e. C. B. Said it was stopping old aid Bank Payments over liquidity concerns and while the room savage case isnt linked to the a. B. L. The problem it also goes beyond the countrys borders as a member of the e. C. B. Governing body has access to confidential information relating to europes most powerful financial institution. And often as a correspondent is standing by in frankfurt the home of the European Central bank conrad Boozer Conrad how serious are these allegations against Latvia Central Bank chief. Well. Allegedly accepting or demanding a bribe of no less than one hundred thousand euros thats a crass allegation against such a high ranking official and its no comfort that we have talking about events that are likely to have happened years ago thats according to the lawyer of mist which the government in rigo weve just seen the minister talk there is trying to calm down markets but at the same time the government has announced that its not planning a no major refinancing operation no issuances of new government bonds in the short term and that of course has to do with you know the concern that the real reputation of the country is seriously damaged what about these separate u. S. Accusations of sanctions busting they sound even worse. Yes of course i mean talking about north korea. The connection or from from the mouth of the u. S. Treasury this is the allegation against this bank a b l z thats also a tough allegation and even more so as this is not the first and only negative story about the Financial Sector in latvia in the past we often had reports about corruption and Money Laundering at latvian banks north korea this aspect is relatively new at the allegations of the past often involved russian individuals corporations and also state officials or in a broader sense people from the former soviet union well it makes me all question conrad whether or not european banking supervisors are actually doing a good job. Well its not true that nothing has happened in the past in those cases in the past many of those banks had to pay high fines but of course people here now in frankfurt in the Financial Center of the euro zone are discussing why we have to learn from the u. S. Treasury about those allegations against. And whether the European Central bank was acting too cautiously their current bills and with the analysis from frank that thailands economy grew three point nine percent last year fueled by an increase in exports of machinery computers and cars its the strongest growth in five years and while the Tourism Industry remains critically important exports now make up two thirds of the economy because we can sometimes dubbed the detroit of the east into the presence of several foreign automakers like ford toyota and honda and also houses petrochemical and Electronics Companies growth this year is forecast to top four percent although a lot of Economic Indicators point to the recovery waning from now on lets pull in our asia correspondent andrea hange to get an idea of the outlook andrea. Is this is good as it gets fertile and it could be been if thailand doesnt receive any private investment that it severely lacking at the moment ill focus numbers up pointing to growth at below four percent four percent from twenty seven thousand to twenty nineteen and not very impressive numbers given its Southeast Asian he was going beyond six percent markets like manila the philippines and vietnam for example so at the moment thats where the numbers stand for thailand as i pointed out there theyre really relying heavily on exports is is so much dependence on exports dangerous if domestic demand we could. Well it could be exports at the moment is thailands best chance at staying afloat and thailand has a strong but currency to thank for the rising exports it almost has to depend on it like a crutch for the near term especially or until the government is able to execute if expansion plans and it trades more for private investment now theres also the population decline that thailand has to face its aging very rapidly and thats going to pose a lot of other problems as well such as labor shortages as and not to mention a small abuse up in context b. Is thats going to come knocking on their door and just briefly the political situation what about calls on the military to relinquish power and hold elections that have problems well but thats not going so well unfortunately people have taken to the streets to protest. The current government its accusing the military and power at the moment all wanting to stay in power by delaying elections from this november two thousand nine hundred nineteen instead and at this juncture it is going to oppose if this goes on with the political turmoil it is going to pose more political risks and economical risks as well for thailand and breaking their forests in singapore thank you navigating indias straits can be downright dangerous oxen holy cow was elephant an economist could make it even more of a nightmare as millions of consumers expect Speedy Delivery a start up is using tech to tackle it just takes a correspondence when you found the cat sent us this report from delhi. Every morning but in the cut nonsense often a job that requires speed and efficiency. To do things that indias roads do not provide on that works as a delivery man new delhi ecommerce logistics shadowfax he has to do the ba dozens of packages a day on talk to customers in his traffic. Another problem is finding addresses in indias many unplanned settlements been codes house numbers and landmarks often inaccurate and confusing the one you so. Often has to call customers for directions before he could make the delivery. That means he loses precious time further ramping up the pressure. Maybe finding addresses isnt easy sometimes there are several houses with the same numbers then we have to call up the customers sometimes several times customers get angry and they say why are you constantly calling me its your job to find the address youre the delivery man so its frustrating. For the tran inches are well known here and try to fax the starter operates in seventy indian cities delivering everything from groceries Electronics Food to clothes cofounded by Birth Control is a big believer in technology to tackle just says. His company crunches traffic and location data and uses Artificial Intelligence and predictive analysis to optimize delivery paths and times here i would say these problems can only be solved in the short term if you say in the long term yes the government needs for big actions according to it but in the short term it is definitely tech which can make businesses move faster the focus on technology also means delivery workers like hiring them have to be trained using the companies as it tracks the entire supply process. At another shot a fax Hub Technology is also used to tackle one of the biggest headaches but Logistics Companies processing the huge volume of goods and happy customers written. Indias ecommerce market is growing fast its estimated to reach one hundred billion dollars by two thousand and twenty the countrys bush to a Digital Economy is also driving more people to shop online. But getting Delivery Logistics right remains complicated in a country in which millions of customers are spread out across vast often unconnected areas. Be prepared sometime to cover such a wide network with the infrastructure and challengers offer you know road network as well as real that work which itself needs significant you know investment in the experience to come to Serve International stars. Ecommerce media in india but the millions of brick and mortar corner shops across the country arent going to disappear anytime soon. The to move. From. The to the to move. The to. Move. The to. Keep. On this fit has been pepped up. After a facelift its now a snapping city car. And here it is a lot for you because its going to jam packed with high taxes the baby boom sets new standards for compact. Trucks. One might even make. Is nearly. Enough force to challenge. Almost scorsese and. Takes the miniscule long cluelessly this huge challenge about looks like a battleship it out yourself. Birth place home two moons of species. A home worth saving and. Those are big changes and most start with small steps global ideas tell stories of creative people and innovative projects around the world. Like deals that protect the climate boost Green Energy Solutions and resource station. Was out of people you cannot protect the forest to create interactive content teaching the next generation about Environmental Protection by. Using all channels available to inspire people to take action and were determined to build something here for the next generation. Of global ideas the multimedia environment series on d. W. O. And welcome to drive with the d w boater magazine coming up the new mercedes a clash premieres in amsterdam. The Porsche Panamera sports there is smoke goes hybrid. And hondas food
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