All eyes are on britains to be new Prime Minister Boris Johnson and his plans for brakes it the country hasnt even left the e. U. Yet but already there are signs of britain entering a recession. And the robots are coming no joy to say at this bar in prague machines are already mixing the drinks. Back up to do business asia i want to go jones good to have you with us now then the Chinese State owned motoring group be a i. C. E. s buying a 5 percent stake in germanys dime it for the boost to beijings holding in the maker of mercedesbenz costs diana was already almost 10 percent owned by chinese comprende g. E. Its the companys biggest single shareholder and now we can add to that b a i cs 5 percent holding that takes chinese Shareholder Stake in diamond to just under 15 percent thats almost as much of the company as is owned by us shareholders other
stakeholders and on the include q wait sovereign savings fund and rivals rhino and nyssa who have across holding the rest of the luxury carmaker is owned by private and Institutional Investors so now we have a dia about the make up off a dime to shareholders lets talk a little bit about this with our French Market correspondent Jealousy Delaney who joins us now in frankfurt chelsea now i know that there was already a a longstanding cooperation between a dime and be a i. C. E. What does this stake cruft percent stake change in all that. Well this gives piers see the 3rd largest Shareholding Position which gives it some more influence over over the direction of time warner its not clear yet it doesnt appear about b. S. E. Is aiming for any board seats or managerial positions but what analysts are seeing this as a sort of a strategic move on be
a cs part. Because back in december this other chinese firm. Came and bought a stake for a 10 percent stake sort of Out Of Nowhere and so that was sort of seen as a threat to this alliance. For taking this stake because these sort of solidifies itself. So its a little bit of competition there on the chinese side what about the strategy there. Well this is an increasingly extremely important market for. You know they need to be in china because thats where all the growth is coming from but also thats where all the technology is coming from so. They need to be forging these alliances and they cant really afford to cut out the chinese chinese firms even though there are these concerns about the Joint Venture ship some things like that from the way chelsea delayed their reporting from the front for Stock Exchange thank you so much. Oh back here in Europe Britain gets ready to swear in
a new Prime Minister his name Boris Johnson an outspoken breaks it to you who campaigned for britain to leave the European Union with or without a deal if necessary quite an announcement considering that the e. U. Is britains most important Trading Partner and breaks it has yet to happen the latest exit date is October The 31st but british think tank the National Institute of economic and social Research Says the u. K. May have entered into recession already. One in 4 chance the u. K. Economy is already in recession pending the release of the latest quarterly growth figures pass a very downturn in the event of a messy no deal breakfast and sluggish growth in the best Case Scenario these are the key findings of a report by the u. K. s National Institute of economic and social research about the impact of breakfast. It follows a similar outlook in a report the Office For Budget Responsibility or o. B. Are released last week speaking on the day of its publication the man in charge of britains finances had this to say. The report published this morning shows that even in the most benign. There would be a very significant hit to the u. K. Very significant reduction. In our national debt. So why do researchers appear to be so united in the belief that bracks is bad for the british economy. One big Factor Concerns trade with no clarity on how the countrys economic relationships will look postbreakfast companies are finding it hard to plan for the future this has led to a decline in investment. That in turn has hampered growth forcing the government to borrow more money in order to maintain public services. These signs of weakness
says have led to falling demand for the british currency and a slight in the value of the pound. This makes imports more expensive meaning shoppers are likely to have to fork out more than they used to. Deal or no deal the latest report suggests leaving the e. U. Is unlikely to benefit the british economy but the clear warning is that departing in a chaotic fashion could put the wheels in motion for a severe downturn. And actually some of the other Business Stories making the news. The u. S. Credit reporting agency equifax has agreed to pay at least 700000000. 00 to settle with authorities over a data breach 2 years ago that exposed the private information of nearly 150000000. 00 people a roughly half of the u. S. Population. The general counsel of the World Trade Organization has managed to
resolve escalating tensions between japan and South Korea Tokyo escaping the export of some high tech goods to south korea still says this violates trade rules it says to pound this retaliating overcompensation calls for forced labor during the japanese colonial era. Chinas Telecoms Equipment make a few away has laid off most of the workers at its u. S. Research on some 600 of 850 future way employees have been laid off and yet this year she away was added to a u. S. Blacklist of Companies Considered a risk to national security. Chinas Asian Infrastructure Investment Bank has abandoned plans to fund a new capital for the indian state of Under Predation after the world bank withdrew its support last friday from us from the city of. Accusing the Development Project of Land Grabbing allegations that the world bank took into consideration before
pulling 300000000. 00 u. S. Dollars in funding the a i b would have injected the Construction Projects with an additional 200000000 dollars. An Indian Government committee headed by the countrys Finance Secretary has taken aim at cryptocurrency its recommending a ban on all private virtual money and stern repercussions for anyone dealing in it the Panel Proposes up to 10 Years Imprisonment or a 250000000. 00 rupee fine for anyone found to be trading in Digital Currency issued by foreign private enterprises this would include Facebooks Libra which is set to launch sometime next year indian tax authorities have already contacted sals of individuals currently dealing in Crypto Currency after a nationwide survey highlighted more than 3500000000. 00 u. S. Dollars worth of transactions over a 17 month period. And a more high lets bring in josie john a business journalist who joins us now from bangalore good to have you with us
josie india has flip flopped on its policy towards crypto currencies and is it now curtains down finally for Virtual Currencies in the country if the government has been similarly its negative stance for a while now but this looks like it is the final meeting the coffee for the currencies in india democracy the next 50 years of 0 because it creates. The last few quarters. To see through to see exchanges in india either close down or. Compassed operations now some of the treaty might. But it is unlikely to be latino as the common Start Department and. Clearly not was any of this treaty so it looks like i could do those security in india is going to come down but not. Now the government is warning that
cryptocurrency a ditch of currencies are basically nothing but policy trading a ponzi scheme how serious is that warning by the government. Day i do receive this order indeed it will be a problem because like me on the deleted market. Especially like it took their Discount Stores in the market there were 2 or 3 such fancy schemes that will crack down are you the last 2 years up to 50000000000. 00 in assets that does not stand it and this is very simple it is like new investors invest in that theyre going to market and then see if that money comes star and peter starts now a slew of new indices stop that and theyre glad to be blood left to be holding the bar all right Josie John There Business Journalist in bangalore thank you so much
for bring us up to speed. The rise of Artificial Intelligence and Machine Learning has led to some humans to fear theyre being made redundant and no job seems to be safe at a bar in proc theyve taken schuman Machine Mixing to a whole new level and theyre a robot will make sure you drink well well he also gave you Good Relationship advice. Theyre known for their efficiency if know their natural charm these robotic bartenders are the latest stop members to be recruited by a night club in the czech capital prague. Their skill set includes cussing limes pouring Sugar Crushing ice and mixing it all up into a cocktail. Patrons can order the drink of their choice from a Touchscreen Menu so far there are 16 on offer but the plan is to add dozens more to the menu. That kind of mechanically mixed cocktail compared to one shaken with
human flair i love a bit of never seen anything like a dazzling mom on. The team even though there was a thing. Thats amazing. That tastes really good. While the mechanical bartenders mix the drinks downstairs up stairs a robot d. J. Pumps that to choose leaving humans partying their way to redundancy. I wonder if it also can mix nice shandy thats just me as a Business Update here and to tell you for me the team in berlin is a waste thanks to keep us company. Every journey begins with the 1st step and every language the 1st word im looking for coaxing germany to find the truth. Why not come with knowing thanks. To stuff so its simple minded on your mobile and free. W z e Learning Course speak german maybe see. Quiet melody resoundingly by the light of the mood. Ready and it still remains resonate within its soul. Ready the mind
and the music. Beethoven fest 12019 from September 6th to september 29th. Her 1st day of school in the jungle. The 1st clue was a band then doris grand moment arrives join the arena to hang on her Journey To Freedom in our Interest Deduction toronto and orangutang returns home. A forest area equivalent to 30 sucker fish is cleared every. Hour consumerism is causing more radical depletion of forests. Of 425. Or has it. Half forests and punish. The tragic reality behind the exploitation starts july 24th double. Half. Dozen feet of me a big lie. From berlin a new leader from Britains Conservative Party a Prime Minister in waiting and Boris Johnson pledges to take the u. K. Out of the European Union. Brits. Like the country can defeat. Those who can be. Conservative Party Members overwhelmingly vote to place johnson
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