Berlin thanks for joining us the largest gathering of americas banking elites since the financial crisis the heads of the most powerful banks in the United States appeared before congress as the House Financial Services committee they faced off against lawmakers in a sweeping hearing covering everything from potentially suspicious activity from russian Bank Accounts there to financing controversial Industries Like gun manufacturing the event was supposed to revolve around the stability of the Banking System ten years after the financial crisis but it turned into a thematic free for all instead of manufacturers. For more lets cross over to score to our financial correspondent yans a welcome now if this hearing didnt actually end up to focusing on the systemic risks what was the point of having this hearing at this juncture than ten years after the crisis. Its a big show mostly for congress men and women how that usually works as congressmen and women show up as their questions t. V. Cameras are rolling and then they leave and we had topics all around the place from Climate ChangeStudent Loans friday financing private prisons or equal pay but if we listen closely to the big c os of the big american banks and there was some Common Ground on certain challenges for example that Global Growth is weakening and also Cyber Security seems to be a hot topic for the bangs world all this also seems to be quite costly. Well lets talk in terms of the result because this hearing happened do we have reason to expect more oversight for the banks. That seems to be rather unlikely at this point under the Current Administration that is one thing even actually there came some questions popping up if the legal system in general failed when it came to handling was the big banks also under the Obama Administration none of the bankers some of whom have been in charge at the time of the crisis have been sentenced so that raises some questions but if we look at the American Finance and Banking Industry overall there is more oversight already in place especially for big bangs but the problem is that all the challenges and some problems and some hot areas have not disappeared so if just move to some other parts of the financial industry to hedge funds for example who are regulated so big banks they do have a tougher oversight but that is not necessarily true for the overall Financial System here in the United States and this hearing that we had on wednesday did not really change that at all. Quarter there on wall street for us thank you very much. The Worlds Largest oil conglomerate saudi aramco has raised twelve billion dollars with its First International bond issue the high demand is seen as a good sign for a planned a but much delayed initial Public Offering its now set for next year according to the saudi government the country has come under International Pressure following the murder of saudi journalist Jamal Khashoggi in october but the bond sale shows western investors have shown continued interest in doing business with the kingdom. Chinas leaders dying is in croatia ahead of fridays joint economic summit with sixteen european nations its the first visit by a chinese premier to the country and hes brought offers of cheap loans and Infrastructure Projects but some in the e. U. Fear chinas strategy is to divide and conquer using economic incentives for individual countries to create divisions within the continent. Military honors for an honored guest Chinese Premier League asia and his career counterpart under a plank of age quickly got down to business so i can deal spending from tourism to trade and Infrastructure Projects. This is a major turning point in our two countries relationships and im exceptionally satisfied with our substantial talks today which realistically set the ground for future cooperation on the development of projects including Industrial ServicesRailway Infrastructure economic Digital Technology projects Science Education and agricultural and Financial Services projects so i know that it will be an impressive list of power for the course when it comes to china. Bridging is investing billions to court sixteen eastern and southern European Countries each part of the socalled sixteen plus one group which is designed to expand future Economic Cooperation between participating nations and china. Beijing hopes the group will further cement the foothold in europe for its built in road initiative. It would see china secure a transit quarter for its products from beijing to the heart of europe. The European Union is taking a cautious stance to chinas new economic push. Its warned that chinas cheap loans can give beijing too much leverage over its business partners. Observers fear the sixteen plus one group represents a wedge designed to drive europe apart. But theres no sign of those reservations in croatia or leake asia assure the talks were of crucial importance for chinas future in the region. Turkey has announced a long awaited reform package to help revive its economy and include the billions in capital infusions for banks affected by the currency crisis as well as promises to boost exports and adjust taxes the government has called it a comprehensive plan but critics say it doesnt go far enough. For months now prices have been spiraling upwards the inflation rate at almost twenty percent the turkish lira has lost a third of its value inside a year the economy is in recession not the best backdrop for a governing partys Election Campaign and president richard tire bad ones party took most losses in the countrys major cities. Now the government is responding the Banking Sector alone has to get a four point four billion euro cash injection. In the Financial Sector is our First Priority when it comes to reform the first field within the Financial Sector is banking as you know you need. You know a new Economic Program we have said one of the main priorities was to maintain the Banking Sector strong infrastructure and continue to finance and supply the real economy. But thats not all the government also plans to boost tourism in the hope holidaymakers will bring much needed foreign currency into turkey and agricultural reform is aimed at getting food prices down but there is the question as to how effective it once policies are likely to be so far hes left the country set on a mountain of foreign debt which the sliding lira is making it increasingly hard to service. Strict new emissions rules are changing our streets for the better as the small clears and electric vehicles are starting to replace these roles but also for the worse as some of the arguably most beautiful cars are falling out of favor now do we really want to give up on those classic cars a british startup has found a way to keep them on the road. Out for a drive on the streets of london matthew quitter enjoys riding his nine hundred fifty three morris minor not the only classic car here but his special it lacks the distinct diesel noise. Just a little bit tired no its the sound of a night its a fifty three car. Just the sound of tires after quick to replace the original engine with a modern electric version its Business Model at london electric cars in the u. K. Weve got i think thirty seven million calls on the road over a billion cause in the world on the road and i dont think anyones have any doubt now that we are moving to a call benoist society. Which begs the question what is going to happen to all those calls that we need to treat in a scrap thirty seven million call. To me that its just untenable. Where they were going to be scrapped. And more importantly why why why scrap them when there isnt actually anything wrong with them except for the power train. Turns out its not so hard replacing the poetry in even on an old traveller or any of the other beauty seer so lovers of old cars dont have to be worried about stricter rules to come and they are coming. We know the transport is the main offender when it comes to application and we need to make sure that we get it to its diesel vehicles and most polluting vehicles. So we welcome the mission zone which as it is a really good first step but we need to see now is the mayor extend the actual mission zone to the whole of Greater London covering all vehicles so that all bluntness can feel its benefits its a win win situation with fewer cars on the road and lower emissions taking a classic car for a spin is even more fun. Swiss milk producers have taken to the streets of brussels to protest the e. U. s milk production rules they were also joined by farmers from west africa together there demanding more protections and higher prices for their milk currently in switzerland the milk price doesnt cover production costs and the market and west africa is struggling to develop after the e. U. Flooded the region with its excess milk powder. And thats it for me and the Business Team here in berlin for more Business News and features check out d w dot com slash business will leave you with this quick look at Global Markets and thank you so much for watching. Whats the connection between bread. And the European Union deano. Correspondent alan baker can stripes. Sexpot. Cuts. Recipes for success strategy that makes a difference. Baking bread on. To the bureau mexico channel. Most good find of stories. With exclusive insights. And a must see concerning culture to ensure a. Place to be for curious minds. Do it yourself networkers. So subscribe dont miss out on. City in ruins moreover a. Symbol of a long conflict in the philippines between the muslim and the christian population. Lives structures occupied the city center in two thousand and seventeen president to churchs response was. I. Will never again look good of. The reconquest turned into tragedy this is not the kind of freedom that we want. How did morality become a gateway to islamist terror. An exclusive report from a destroyed city. Similar in the sights of fire starts april eleventh on t. W. Hi there and welcome to news from arts and culture im Karen Helms Ted well in the midst of what feels like a never ending breck says a new photo book by toby benda brings us closer to the existential angst going on in Northern Ireland also coming up. Another installment of our series baking bread n. P. R. Tells us all about a famous black bread a stone out. And a dancer whos been lauded for both his classical and contemporary performances ill talk with tara fields miss amy. Of dance about the project thats about to take berlin by storm. With the u. K. On the brink of the irish border question still has no clear answer this means lots of confusion over what the fate of Northern Ireland ireland will be where the return to a hard border with the republic of ireland could threaten the regions hard won peace. Breck said referendum german photographer toby bindra has focused his attention on belfast and the fragile balance that is daily bread for its use