More trouble at this time it could be a really serious prosecutors send a one hundred seventy strong raid team to the offices of germanys biggest lender the allegation Money Laundering on a mind boggling scale also on the program pakistani families the victims of a factory fire take the German Company and work for to court in germany and is your car spying on in china revelations that electric car drivers have their details of the whereabouts sent straight to the go. To the Program German prosecutors have raided the offices including they have quarter of a bank as part of an investigation into Money Laundering inquiry is based on revelations made in the Twenty Sixteen Data Leaker known as the part of
a paper which suggested that bank staff had helped criminals funnel money into offshore tax. Police vans surrounding the headquarters of germanys biggest lender if deutsche is image wasnt a ready in tatters it certainly is now as the panama paper is. Different docked. Mission a rose in the summer. After the federal criminal Police OfficerEvaluation Data from the panama paper is the socalled off shore elite. Buddies are also this evaluation that the suspicions are going to bang was helping clients set up socalled Offshore Companies in tax havens. For dollars from their money is said to have floated Deutsche Bank with the Bank Reporting any suspicion of Money Laundering. These are the kinds of allegations that if true could bring down
an already embattled bank. Was quick to present its view of the events. Yvonne i love the live on in from we believe weve provided all relevant information to the authorities regarding the panama paper case of course will now cooperate closely with the Public Prosecutors Office and frank for us its also in our interest that the suspicious facts are quickly in entirely carried up. Attention will now turn to torches Boss Christiane thieving hes only been in the top job since april but hes been at the bank for decades he ready faces the challenge of reversing years of losses now is really up to him to address accusations that hasnt only been mismanaged but involved in far shady or potentially criminal business. German chemicals giant buyer says its planning to slash some Twelve Thousand jobs Around The World as a part of
a massive savings and restructuring drives it says a significant number of those cuts will be here in germany the move comes in the wake of buyers controversial Sixty Three BillionDollar Takeover of u. S. Rival months. Byer one of germanys oldest Dance Companies wants to make itself leaner and meaner by increasing Efficiency Productivity and profitability by instead playing to concentrate resources on its core businesses of Pharmaceuticals Consumer health and crop science its a setback since it bought u. S. Crop sciences giant months and two in june this year for Sixty Three Billion euros one of germanys biggest ever corporate takeovers but two months later a Us Court Ruling ordered buyer to pay multimillion dollar damages to a cancer sufferer. The judge ruled that its newly acquired subsidiary should have warned users about the cancer risks from its Roundup Herbicide the Company Shares have been under pressure since then losing thirty six percent since the beginning
of the year so investors are still nervous and Something Like this makes them more nervous its a little bit of a surprise if youre a long time Stock Market Observer often a job cuts lead to higher prices because people think yeah those are necessary measures painful for everyone involved but necessary to increase profitability here they seem to be a reminder of how many risks and challenges buyer has there at least as cliff as that damage claims buyer will be cashing in on synergies with monsanto so its crap Science Division will be among the hardest hit with Forty One Hundred job cuts the company said it expected to complete the job cutbacks by the end of twenty twenty one. Now lets bring in our financial correspondent yes court in new york here yes buyer says it wants to save about Three Billion Dollars a year by twenty twenty two does this have anything to do with the court case over monsantos weed killer. Well by itself claims that this is not the
case but theres no doubt about it that months on tour has been a costly acquisition and when you buy a company you also inherit the problems as one man in california got awarded so. A Million Dollars even if a buyer earlier this month it went to him to peel but there are thousands more lawsuits pending the sole there is a certain pressure on buyer to save some money possibly for the lawsuits but also because of the Sixty Three Billion dollars the buyer paid for. Thanks for now well come back to you in a moment. Germanys humble Spot Newspaper says u. S. President donald trump has invited german car bosses to the white house next tuesday executives from v. W. Diner and b. M. W. Are expected to attend a news reports of u. S. Plans to pose a twenty five percent tariff on car imports from all countries except for canada
and mexico. Yes back to you in new york when General Motors announced their layoff plans earlier this week President Trump laid into them and foreign carmakers with threats of more terrorists now german Car Executives are set to go to the white house what are you hearing. Well i mean what were hearing out of washington is that u. S. President donald trump and also partly because of the layoffs the General Motors is playing around with the idea to impose those tariffs already in may actually study got started that in the name of National Security those imports might see a tariff of twenty five percent the Justice Department has until early next year to come to a conclusion if that claim is justified so any tariff of that kind it will not be happening overnight but the u. S. President seems to be seems to become more curious so it will be quite
telling if the top managers from the german Car Companies will be going to washington how serious the situation really is sounds like an interesting meeting. Once court in new york thank you. And Unprecedented Court case began in the west german city of dortmund earlier today its object is the devastating fire in the pakistani Garment Factory that killed almost Two Hundred Sixty workers more than six years ago the trial aims to clarify whether this current Fashion Brand Kick is liable for damages because most of the genes produced at the factory were earmarked for the German Company. So you do a cut to know has traveled Seven Thousand kilometers to germany in memory of her son over six years ago he was killed in a fire at a Textile Factory in pakistan that produces clothing for german Discount Chain kick but it was deemed kick is responsible for the fire. I lost my son in that fire and
now ive come here to get some justice for him and all the others who were killed in. The blaze at the factory occurred on the eleventh of september twenty twelve authorities believe it was caused by an arson attack carried out by a local gang almost Two Hundred Sixty people died as a result of the lack of Fire Protection safeguards kick provided compensation to the victims families that was supposed to exclude any future claims. This isnt about one hundred Twenty Thousand euros if youve already paid out six million in damages you wouldnt hesitate to pay another hundred Twenty Thousand but this isnt about the amount its unfortunately about the principle. The tune and the other plaintiffs won a decision on kicks liability in the case because the companys headquarters are located near dortmund thats where theyve registered the lawsuit the Clothing Company insists the statute of limitations has expired the court will issue a ruling at the beginning of january. And staying in the garment sector on friday
bangladesh will start expelling International Safety inspectors who were brought in after the round of Plaza Disaster and twenty thirteen inspectors oversaw Safety Improvements and over Twenty Three Hundred garment factories in bangladesh catering to big Global Brands like h. And prime mark they helped to drastically reduce work related deaths. Now when it comes electric car all cars miles per charge used to be the biggest concern for owners but as the family car becomes an increasingly digital affair Data Protection is on the minds of early adopters thats particularly true in china where beijings expensive Surveillance Practices mean when youre out for your sunday drive you might just have the government along for a ride. Each point is a data set which lets users identify individual cars their Location Speed Charge Level and more all in real time. The data is used to monitor traffic flows around
the city thats information chinas Security Services can access as well as. How to Police Departments or prosecuting organizations need to find out the Tracking Data of a specific car they may seek help from our center ask them of course provide the paperwork that illustrates the request for the use of the data this warming. A Concern Development for some electric car owners. Where i am how long i stay where i go every day i dont want the information to be disclosed. That i never heard of it it cant be true tesla can use the data but why do they need to send it to the government its a double edge sword the digital sensors carmakers use to ensure their latest models run safer and cleaner open a veritable pen door is a box of privacy concerns not just here in china but Around The World as well. Well whatever your drive i hope its not spying on you. Watching c back up tomorrow. And on demand. Language courses. And or you know. Where. Climate change. Isnt it time for. Africa projects that are changing the environment for the better. When it comes to my. Own d. W. Some people dont care about me. Because they dont see my beauty. Some people dont care about me because they think i have nothing to give. But two billion you can do. To them