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All eyes are on britains to be new Prime MinisterBoris 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 ....
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 country s finance secretary has taken aim at cryptocurrency it s 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 facebook s libra which is set to launch sometime next year indian tax authorities have already contacted sal s 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 let s bring in josie john a business journalist who joins us now from bangalore good to have you with us ....
A difficult one and it will go on for a while you re. there from the center in london thank you so much for your time and for filling us in on this. but when based online bank n $26.00 is now germany s highest valued start up it s raised 240900 1000000 euros in additional funding and that taking its valuation to $3500000000.00 euros the french capital comes right as the company prepares to expand its popular brand of app based banking to the united states and to brazil the company says it will add 2 countries a year to its platform moving forward it s an expensive plan that means its latest investor round is likely not its last. interesting topic let s hear a little bit more about that from our financial market correspondent daniel corp we re standing by for us in frankfurt now danielle i read up a little bit on this and i heard that n 26 co-founder and c.e.o. ....