This is WORLD BUSINESS report from the B.B.C. World Service I'm says on a street or Japan's took article has pleaded guilty to fraud and agreed to pay a $1000000000.00 in penalties for concealing a deadly airbag fold but lawyers now allege 5 major comic has also knew about the defects companies and. B.M.W. And Ford actually knew that these inflators could explode and they had decided to continue to use them anyways the suit alleges for cost reasons the London Stock Exchange has said its merger with Deutsche Bourse is now unlikely to be approved Is this the end of the road for the $24000000000.00 deal it is not over yet there's still a chance that this go ahead but we have a number of points which are more negative than positive 1st it was 3 J. And 4 J. And now consumers have been told to prepare for 5 G. We find out why we might need a new data superhighway think about cars think about smart city think about the infrastructure when all of those things come on to a 4 G. Network the 4 G. Network will collapse that's coming up Japanese auto parts maker truck articled has pleaded guilty to fraud and agreed to pay $1000000000.00 in penalties for concealing a deadly airbag fault the defects being blamed for at least 16 deaths and $180.00 injuries worldwide and the scandal is now threatening to engulf 5 major calm acres bonus the victims and their families and now a legend that Honda Toyota Nissan Ford and B.M.W. New took out his ab X. Were dangerous yet continue to use them for years to save money and pleading guilty to cut admitted hiding evidence that millions of its airbag inflator is can explode with too much force hurling lethal shrapnel into drivers and passengers I spoke to can climb felt or from P.B.S. In Detroit who's been following this developing story I put it to hand the settlement had been widely predict. That's true That was an agreement that was made between to cut and the U.S. Government because of the insulators which explode with so much force that they had hurled shrapnel into drivers and passengers turning them into something of a weapon within your own vehicle they agreed to pay $850000000.00 and restitution to automakers as well as money for fund for victims and a $25000000.00 criminal fine. However the scandal it pays to why didn't because now no is full some of the victims and then. That 5 come may cause all same knew about these defects to serious allegations and they are in fact this was done in Detroit the actual guilty pleading that to cut it did but earlier in Miami there was a lawsuit that you were mentioning which included allegations that companies Honda Toyota Nissan B.M.W. And Ford actually knew that these inflators could explode and they had decided to continue to use them anyways the suit alleges for cost reasons saying that these inflators were much cheaper than some other ones and that it was a way for the companies to save some money now again this is being put forward with only allegations in a lawsuit number one and number 2 if you look at it objectively it also gives the plaintiffs who are who are accusing the companies of this somebody else to go after in terms of trying to get money I mean you can get X. Amount from the cattle but they already have a 1000000000 that they're putting out the automakers have much deeper pockets and would certainly be able to provide some more money to people who could claim that they were victims of some malfeasance on the part of the automakers themselves and one of the listen I could see it being the key saying about this they haven't come up with a whole lot at the moment yet but they had said in the past that they were taken aback as much as anybody by what was happening with a cut and in fact part of the deal that was made with the U.S. . Meant was to provide money to the automakers saying that they had suffered a lot of cost because of the massive recall that were involved worldwide in trying to get the cars back that were equipped with to cut airbags That was journalist Quinn Klinefelter from P.B.S. In Detroit the $24000000000.00 merger of the London Stock Exchange and tortured is looking increasingly in towns yet to see is that the European Commission is now unlikely to approve the deal is because the exchange doesn't want to send its a tally in bond trading platform and Ts as demanded by the Commission earlier this month the 2 rival exchanges announced plans for a merger of equals about a year ago aiming to create a giant trading powerhouse that would better compete against U.S. Rivals that joint C.E.O. Of both have been out official told me he thinks repercussions following the vote for breakfast is another reason why the delay in the pace be at risk of falling upon us well it started off much better than all the previous attempts and syncs 3 previous ones but nobody would have thought Bracks it happens it didn't happen and that obviously has an impact and from there on the leaf time was against us and L.S.E. It is not over yet still a chance that Cisco had but we have a number of points which more negative than positive on the face of it appears that the sticking point is that the commission demanding that the London Stock Exchange sells its stake in and T S A bond trading platform and the Odyssey is unwilling to do this but she thinks that's the real reason behind why the merger is now I doubt always leave your post speculating now but I do agree with you on that speculative level I think it's just a sign that people are digging in their heels and as a not willing to let that happen and if you take a look at why that the case the head office of that can. Find company would have been in London or would be in London at the same time more valuable company story so there is a fear in the U.K. That torture Presidential it would move business out of New York into Germany on the other hand there is a fear in Germany that we lose our round to go to Bertha which would move to London and that discussion is now being levelled on top of the practice that discussion actually say on top of that Bracks that discussion do you think that that's why the hills are being dragged more in London because the phase that there is so much uncertainty surrounding what will happen to the city of London in particular and the trades that go on that that actually it doesn't make sense anymore to push this deal forward you know actually there are 2 points here it's more questionable if it makes sense because the biggest business advantage would be that you can combine both clearing house and you can avoid double margining as they call it but nobody knows if that's really possible now. Because we we know that the U.K. Most likely will drop out of a single market if that's the case and I don't really know how that will work so you can combine E.U. Clearinghouse Mizzy you clearing us in such a way I don't think that works and it's a political element in London in the U.K. Since ahead of us we're supposed to be or is supposed to be in London there was no real resistance against this merger partner lately for the last few weeks we can see that the politicians are more and more aware of it there was a belief Tuesday a week ago a discussion in the Parliament Bill cash that we're not letting the Germans crown jewels a sentence of the German set in Frankfurt lately as well so it's getting polarized. As C.E.O. Of the Berlin both do you think that you'll deny zation will gain more business as a result of breadth that actually I do because we all worry well positioned to act as a conduit a liquidity conduit between the U.K. After practice it and as E.U. And we are present all across Europe so we are already doing some seeing the Elysee in those who were the intended to do it we're using our own clearing house but other parties clearing house but that's an advantage in that context so yes yes that merger does not happen I believe you have a better chance to do more business than before and that was the joint C.E.O. Of the both been and Fisher Well let's check in with the financial markets now and on Wall Street the Dow Jones closed at a record high for the 12th straight session the longest winning streak since 1987 so what keeps propelling stocks higher Well that's a question I put to Peter Chang Koski S. Director of Research at Opa-Locka investments in Chicago. Believe it continues to be optimism about the potential for further growth in the U.S. Economy we're continuing to wait to see what sort of precise tax policies to Mr Trump doesn't mind but for the moment whatever he speaks of those upcoming plans we get a leg up in the market when he's not talking there's enough momentum to keep it moving forward I was about was his pledge today to spend billions more on defense did that affect stocks well I didn't see very strong evidence in terms of the performance of individual sectors industrials where many of those defense names be located were kind of middle of the pack in the market but we did see an overall rotation back toward more economically sensitive areas the last week or the last 3 days of week. We were led by utilities and safe haven type of sectors and today we saw more Leadership in Energy financials health care. Areas that are a little more economically sensitive so in that sense I think it probably did have an impact kind of restarting that growth trade. And that is Peter Jankauskas from book investments in Chicago let me give you the latest numbers now from the financial markets the Dow Jones ended up point 08 percent at 20837 and in London the Footsie 100 was up point 13 percent some 1253. 50 It's an entirely new technological foundation purpose built to support the next great wave of life changing digital advancements as a promotion for the new data superhighway 5 G. Tech firms have been telling us that all future will be full of Internet connected devices from driverless cars to intelligent clothes and voice controlled homes apparently they will demand much faster connections and that's why the mobile phone industry has been preparing and they've just published a plan to deliver the 5 G. Network but a consumer's event just switched over to full chase So how much more could 511 do we really need it so soon well many of the world's most important tech executives are in Barcelona this week for the annual Mobile World Congress in our technology correspondent Well we Catherine gent has been there talking to them he told me that consumers might take a while to be convinced that 5 G. Is the future I don't think consumers know whether they want this or not but the industry is got a head of steam around this everywhere you go at my work over there are signs about 5 G. I we are told that it is coming sooner than expected and it will be the technology behind the internet of things if it's true that everything in their house will be connected to the Internet will be small but yet perhaps we will need this this new generation of mobile networking technology to the consumer it's going to be a pretty hard sell well just want their phones to work better in the shorter lots of companies wanting a slice of the pie you've been speaking to Intel. Yeah so one of those companies having a display here if they've got as far as setting up an experimental prototype 5 G. Network on their stand I adopted a slightly home when I met Intel's I share Evan's but she tried to convince me that this really was the future it is absolutely necessary we built the network in 4 G. For smartphones billions of them but we didn't build it from many many more machines like 50000000 machines coming on to the network so think about cars think about smart city think about the infrastructure when all of those things come on to a 4 G. Network the 4 G. Network will collapse therefore we create the 5 G. Network to create the run the bandwidth and use the frequency so that as those machines come on to the network over the next 10 years we will be ready and you'll see incredible speed you're seeing incredible latency meaning fairly rapid response like think about an emergency situation and that's why 5 G.'s important but what are the mobile operators saying about this because it's going to be very expensive to implement isn't it there are some questions being asked I've run into one mobile operator who said well who's going to pay for this is going to be very expensive we're not convinced there is going to be the demand for it they said they're off the record I was so spoke recently to somebody on the record an expert on the mobile industry and on the spectrum and so on Professor William where he told me why he was a bit of a skeptic about the need for 5 G. I'm a firm believer in the Internet of Things I do believe that we will have billions of devices around the world and the improve our lives in many ways but actually all those machines for car very little data out of all of those machines all those billions they only increase the volume of traffic across our sudden networks by about Northpoint nor 3 percent it means we can actually deliver the Internet of Things with what we've got today so that was Professor William where. From Cambridge University glory as far as consume is a concern and many of them just won't like current 4 G. Network to operate properly whereas it doesn't seems that the bandwidth is that how can they be convinced that 5 G. Would allow them for example to have driverless cars on the light I think is a bit of a panic particularly in Europe about being left behind they've watched other technologies notably 4 G. Being rolled out much quicker for instance in China and across Asia in general they've watched South Korea's already March they head towards 5 G. But they want to be left behind they don't ask too many questions right now about what the consumer demand will be that painting these glowing picture of a 2025 when they say more than a 1000000000 people will be connected to 5 G. And it will be a seamless experience will transform our lives for the better that's the picture that we're using and that was really Katherine Jo's to be seized technology correspondent India's Finance Minister has been defending the government surprise withdrawal of high counts he notes the comments from around the of the B J P party come just a day before the latest growth figures are released for the country they're expected to reflect the impact that the sudden withdrawal of currency notes had on the economy but Mr Jaitley said the policy was needed to crack down on money laundering and other illegal activities one of the fundamental books of an economy was there from a taxation point of view it was a hugely non-compliant economy it was an economy where the shadow economy was extremely large the ratio of cash to the G.D.P. Was very high the ratio of high denominational currency was a high and consequently its impact on corruption on back the way on fooling other crimes like Turner This is what all the wise is that came up tax evasion creates an unfair advantage in favor of the widow as against the poor citizens of the country so it had to be done about plea so that money could lose its anonymous and go into the banking system. Eventually this was one of the smoothest exercise of people it's one and I think notwithstanding the inconvenience the people of India supported it has created a new normal as far as the game economy is concerned and I hope a bit of normal and that with Indian finance minister Amarin Jaitley the withdrawal of high value no agriculture and industry heart the B.C.S. Look eaten in many reports now from the western Indian state of Maha. I'm in a village called pivotal which is about 150 kilometers south east of Mumbai around 5000 people live here and agriculture is the main occupation now a group of farmers has brought me to a field where to mate who had been sold in June last year I'm walking through it now this crop should have been harvested from November on words but what I can see in front of me are dried vines they're brown instead of being green they've collapsed most of them and tomatoes that should have been bright red plump and big are shriveled up looking as smallest cherries many of them looking rotten as well this is a field that has been abandoned by the farmer. And we're gonna have a little bit of a probable city of history who owns the field tells me why he had to leave his crop in November India's government withdrew most of the currency notes in circulation people were suddenly short of cash and unwilling to spend this drove down prices of many consumer goods including vegetables. The border guards on one little about I would have to paperwork and transport to harvest the crop and sell it at low market rates I would lose money rather than make and for us $1.00 season gone is a big deal I lost nearly a $1000.00 even though prices are going up again I can certainly produce more vegetables. Rule spending is the backbone of India's economy it's when people from the villages buy things that consumption grows which in turn then drives growth now one of the big purchases people usually make here is a 2 wheeled vehicle on the road here I can only see a few cars and lorries most of the vehicles are scooters and motorcycles and so F. Come to a showroom that sells those to see how it was impacted ofter currency notes which will. Help. A customer has just bought a motorcycle from the shop before he rides away on it a dab of the 1000000 and powder is applied near the headlights it's considered a spacious in India the showrooms owner says he's only just beginning to see business pick up. I would He was talking $100.00 buying to put it on an average every month I used to sell about somebody $5.00 to $80.00 motorcycles after the currency holds I only sold about $42.00. People didn't even have money to so with they were there was just more cash flow now things are slowly beginning to improve . India has many to read a manufacturers with factories that produce tens of thousands of beagles every day . In December motorcycle and Scooter sales fell by more than 20 percent many companies cut back production but as cash comes back into circulation things are improving said thoughts on the old chief India economist at Barclays says the country's growth rate will recover off to much we do paying that only distorters the quarter ending December and a quarter ending March will have impact of the bank. After the. The numbers will start looking a lot more normal going ahead and I would actually say rather Bill focusing only on the in impact on economic activities how it will help to clean up the system that is possibly more important we'll get the answer over a period of time over several quarters. India's government had said the currency ban was aimed at cracking down on corruption and cleaning up the economy there's been collateral damage though particularly in India's villages and even if it's temporary it'll be important for those who've suffered to know that the pain has been worth it. That reports by the B.B.C. . Were listening to the B.B.C. World Service the world's radio station it's a very good morning to our listeners in Singapore and 88.9 F.M. And also hello to our listeners elsewhere in Asia shortwave from Singapore on 6 points 1005 megahertz. Now much of business is about persuading people to do what you want them to day and I'm breaking a commentator Lucy Kellaway reckons there is an art to it over to her I know a woman who can get people to do whatever she wants she can make busy executives give her that evenings the thoughts and the money I run and had the other day and asked what her secret was it's not hard she said I just say please and thank you most people know how to say please or thank you all think they do but hardly anyone does it properly. Consider the following perfectly polite email I received recently from a man I know slightly It began this year where partnering with so and so to launch the 2nd annual conference on such and such I know you're busy but we'd love for you to host the session on women in business on the Saturday then went on at length about the theme of the year an offer to link to a video of the previous year's event to let me know if that is feasible it ended it was not feasible why would I give up a Saturday on the basis of watching a clip of a similar conference a year earlier and to be reminded that I'm busy merely provided an excuse to decline now consider this message from my other acquaintance it subject line read if only you would Dr Dot and the email continued join our panel we have a lot of clever but worthy people talking and we need your genius to liven it up please say yes what this does is cut to the chase and the chase is flattery the only truly effective way of saying please is to potter people up there's no danger of ever laying it on to think I read Terry mail and said yes at once I knew how manipulative it was but couldn't help myself. Getting thank you right is just as easy though just as uncommon consider the following failed attempt thank you for talking at our function last week and for giving up your time the feedback was excellent and we hope you enjoyed it. This was polite and professional if it quite failed to do its job 1st start an email Thank you should arrive within hours note the following week equally to be thanked for your time is singularly on gratifying as time takes no skill to give to say the feedback was excellent was too vague to be convincing and rather than ask if I had enjoyed it it would have been much better to attest how much they had enjoyed having me in rejecting this message I felt the spirit of my mother every year on December the 27th she sat us children down and may just write thank you letters we had to specify what the present was claimed to be delighted with it and this was the hardest we had to say why my mother's principles apply to the thank you email you thank specifically for the thing you say why you liked it and you must thank promptly and this was exactly what my persuasive acquaintance stage extraordinary said the subject line of the thank you e-mail that was waiting in my inbox when I work the next day thank you for bringing the evening to light and for your scorching wish and sense you are only Tina Fey. Actually I had performed in differently I knew that and so did she but no matter the next time she asked me to do something I will comply This is Lucy Kellaway the B.B.C. World Service our correspondent from The Financial Times there on the arse of persuasion now you care about the quality of the air you breathe and over the next few weeks the B.B.C. Will be looking at this highly contentious issue in several radio and T.V. Programs online and on social media on cheese day an influential committee of the European parliament will vote on what to do about vehicle emissions in the European Union our reporter Vivian Eunice wants to hear from you if you have an opinion or a question about the quality of the air you breath wherever you are in the world you can send your questions to World Business at B.B.C. Dot co dot U.K. And you can join her on a B.B.C. News Facebook Live on Tuesday the 28th of February 1500 G.M.T. You can also get in touch on Twitter of course you can tweet us at B.B.C. Well bass or you can follow me as well at Sousa street or B.B.C. From all of us here thanks very much for listening and do remember to get in touch for that Facebook life tomorrow with the V A new list on Aqua say goodbye this is the B.B.C. World Service full of surprising things from robots the tax credits for disposable razor blades to call the many things we take for granted that had cold reaching effects to things I'm Tim hope to join me as I delve into 50 inventions and innovations which are helped create the economic world we live the singers that make the modern economy listen it's B.B.C. World Service don't count slash 50 things or subscribe to the podcast. And online now it B.B.C. World Service dot com is witness it's 25 years since a film made for the new home video markets in Nigeria became a smash hit that marks the beginning of Nollywood phenomenally successful Nigerian film industry listen to witness online B.B.C. 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