And this is Andrew Peach with World Business Report.
Thank you very much indeed for being with us today.
French MPs oust the Prime Minister over plans to deal with the country's deficit by cutting public spending.
We're going to be in Munich where the European auto industry is talking about threats from the US and China.
Europe has never been able to compete on cost compared to other jurisdictions.
So they always had to be better to innovate, to be forward looking and very competitive.
And we'll look at Donald Trump's plans to offer residency in the US.
for five million dollars.
Let me just mention this story breaking in the last few minutes first though.
The Murdoch family has reached a settlement that cements Lachlan Murdoch's control of the empire which runs Fox News and the Wall Street Journal.
His siblings Prudence, Elizabeth and James will exit the family trust.
They each walk away with over a billion dollars from the sale of their voting shares in Fox and News Corp. This is the end of years of fighting over Rupert Murdoch's succession plans with Lachlan Murdoch now firmly in charge.
Have more reaction to this story if you stay with us here on World Business Report.
But first of all let's go to France where another attempt to cut spending to tackle the country's deficit has led to another Prime Minister writing a resignation letter.
The French government has lost a vote of confidence in parliament.
Francois Beirut will be replaced,
although it's not at all clear
if anyone can put together a majority in the French parliament right now.
For analysis, I've been talking to Emmanuel Oriol,
who's professor at the Toulouse School of Economics.