With different languages we fight for Different Things thats fine let me all stick up for Freedom Freedom of speech and freedom of press. Giving freedom of Choice Global news that matters d. W. Made for mines. Seven slauson jobs will go about his culling its Investment Banking business around the globe the new c. E. O. Of germanys biggest lender confirmed the rumors of his first a. G. M. Both shareholders and start off on also news. Of terrified is from the worlds chief as isolationist donald trump says germany strengthen Americas National security really. And drying out as south africas cape town is close to running out of water clever entrepreneurs make the best out of a brand situation. Is that of your business im going out of us in berlin welcome germanys biggest lender has announced a bull slash more than seven thousand jobs in the next two years the colace part of a restructuring of the bank on the new c. E. O. Christianes evening and will mainly hit the Investment Banking business even tried to reassure shareholders today but if you look at the figures you understand his challenge back in twenty twelve ga was the worlds second Largest Investment Bank since then it slipped down to number eight that puts it behind several u. S. Banks and Credit Suisse of switzerland and barclays from bric deutsche as market capitalization that is the value of all the companys shares combined has dropped significantly to from just over thirty billion euros to twenty three point seven billion euros today making shareholders seven billion euros poorer theres been a steep decline in revenue to which has fallen from over thirty three billion euros two thousand and six point four billion no wonder shareholders often arms many other recta their anger this man here Supervisory Board chairman powell and hes been in the position since twenty twelve and then he did in two accusations hes been steering the bank in the wrong direction but the new man at the helm cant deny his responsibility either christians it is a true church a bank thorough bred he joined the bank as an apprentice in one thousand nine hundred nine and has held senior positions in the banks Risk Management and legal departments for years but zipping was facing unfriendly fire today from many sides. They came to express their contempt for dortch of Bank Protesters who gathered outside the annual Shareholders Meeting in front foot see germanys largest lender as an example of everything thats wrong with the financial world the announcement of more than seven thousand job cuts just comes weeks after the bank appointed a new boss the octu current results leave us no other choice we need to set in place the conditions in order to sustain long term profitability. Receiving footballs its on shuffle one thing that most people can agree with is that something needs to change at Deutsche Bank as most bang for i need a bank that is competitive on both a national and International Level and thats not the case now. The moment. For our cause is simply too high they need to go down dortch a bank has lost its edge in recent here is an issue its c. E. O. Is determined to address your muscle is going to shift the balance in our business so that our results fluctuate less this is the only way we will be able to sustain profitability and build on our strengths and what else i ignore cuffed. Bot. After three consecutive years of losses the new boss is intent on shaking things up he wants to focus on the German Market coupling innovation with Old Fashioned banking. But our correspondent covering the story for us at headquarters in fine. Speech went down the stuff and. Hes it reiterated basically these announced plans to cut more than seven thousand seven thousand jobs in order to bring costs down hes advocated a return to boring for the bank which is quite normally an unusual name for a c. E. O. To have but is obviously a reference to the turbulence and scandal thats dog Deutsche Bank in the last two years now shareholders havent been particularly impressed with the speech and see if we saw the share price go down after that speech but you know the reason i moved here in front of the deutsche of i had quarters is also to try and get a reaction from the people here that i wanted to know how theyre how the speech went down with them and from what i can gather its most of them have been mentally prepared for this step now theyre only too aware of the problems of dogging Deutsche Bank about a continued restructure was definitely in the cards so not much talk here emanating from the employees of Deutsche Bank but certainly quite a strong feel of resignation. Talk to stuff that have you heard anything from stuff representatives who sit on the Supervisory Board and have they agree to the job. You know even before the a. G. M. The representatives of the workers were already talking to the media saying that they felt that the numbers being discussed were not plausible were not realistic and will definitely be the object of a negotiations in the summer between the Works Council and management it remains to be seen however how tough of a line they will actually take remember that were talking about workers here across all job categories Administration Infrastructure banking itself but they tend to have Transferable Skills and a high degree of employer employee ability so those who can go probably will consider this option in fact saving himself said that six hundred Investment Bankers have already left or to a bank in the last weeks. Was also directed the chairman of the Supervisory Board not. To get the traditional shareholders confident. Well its true acolyte or has been a constant presence in all the turbulence thats a dog Deutsche Bank in the last few years now nobody really seems to think he will get voted out today especially because he enjoys the backing of quite powerful shareholders like the qatari royal family like chinas a and also Service Capital but criticism is mounting you have the likes of hermes thats an investor from the u. K. Saying that a Succession Plan should be in place to replace acolyte so he may survive he may survive today but its hard to tell how long after. Thank you. Washington is looking into imposing new tariffs on foreign vehicles it claims it has evidence that car imports have damaged the domestic industry so its examining whether foreign vehicles are weakening the u. S. Economy and in turn impact national security. Ministration has used the same legal argument when imposing steel and. German cars remain popular in the United States thats a thorn in the side of u. S. President donald trump who maintains that foreign imports have ever voted to the domestic car industry over the past two decades u. S. Car imports have risen by fifty percent while the number of workers in american car plants has been falling german factories in the u. S. Have thousands of new hires german auto makers accounted for one in six jobs in the u. S. Car industry but now donald trump is reportedly mulling a plan to impose import tariffs of up to twenty five percent on vehicles european car makers at present pay about a tenth of the. Carmakers like mercedes b. M. W. And fox which money factor in the u. S. Would be less badly hit than Companies Like g. M. Porsche last year almost half a million german cars were exported to the u. S. Its not only german car makers that are fearing a potential tariff hike japan another major car exporter is also feeling the heat. So if the u. S. Import tariffs go ahead they cause great confusion to the Global Economy have a negative impact on multilateral trade under the w t o system that would be very regrettable. Opinion remains divided about whether import tariffs would actually benefit the u. S. Car industry some experts say the move is unlikely to create new jobs. Water has been scarce in south africas cape town for many months years of drought mean the citys water reservoirs havent been replenished by rain earlier this year day zero the day when the city would run out of water entirely well slated for organist has changed how businesses operate but also created opportunities for Small Business has picked up among the d. Z. Clowney he cleans cars without water i dont think it is a. Different place than ever and you find out that a good idea would be seven out of four days to go in and people in cape town have been fined for washing cars with water as a result of the disease business has been attracting customers. Gave you may tell me what it was like well were hoping you know that. Cape town has reduced its water consumption by fifty percent in three years businesses have had to make adjustments that has been the case for some of the Cities Hotels in this hotel guests have to take a shower baths are not allowed to remove all the above from every single room and that wasnt the only change so this is where we made most of our savings is to cut down on the washing of. The hotel also reuses water from washing machines it is filtered and used to water its gardens despite the drastic reduction in water consumption cape town still faces the threat of running out of water as soon as next year. Thark drivers in brazil blocking major highways all around the country for the third consecutive day protesting against rising fuel costs the transport difficulties have led to rising fruit and vegetable prices in many cities petrol stations are running short of fuel and Brazilian International airport is having problems getting planes refueled the strike is also delaying mail delivery also diesel has risen twelve percent this month the finance minister of brazil said the government will help the Logistics Industry by lowering taxes on diesel. And thats all for me and the business team. They for you in and ill. Be. Going to move. Move move move move move move move move move move move. Move move. Move. Move to a. Move. Some cool way move thats normal to want to talk to social worker. Move for the teenage problems of the shadows and into the spotlight im sure going to the bait im sure. Now shes looking for supporters to help her improve Child Protection in turkey. Next teetotallers. Enter the conflict zone confronting the powerful. My guest this week here in jerusalem is my current fifty minister for conflict. His government has rejected any International Investigation because of events produce a good place to gaza. Whats it called security. Conflicts so few extremists d. W. Going to you can tell a lot about a society by its. Garbage. The future worthless for the rich but for many poor people it offers their only chance of survival. And i could be done for today just like. The reporters travel to nairobi to work and to meet people who know the true value of garbage. It has created a striking parallel economy. Putting all this mean for economic inequality around the world google as a starting place want to get the response to that statement should be yes we are starting to as want. To reach to the trash an exclusive look at russia starting to look on t w. A low and welcome to this edition of focus on europe im brian thomas thanks so much for joining us continues to present europe with new challenges one of the most contentious is how to handle the border separating new