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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 ....
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 ....