reminder now of our top story at this hour donald trump's former campaign manager paul metaphor and one of his business associates have had to themselves themselves into the f.b.i. it is expected they will face the first charges in an independent probe into russian interference in the u.s. election. and spain's state prosecutors called for rebellion and sedition charges to be brought against catalonia as leaders as the region begins its first working week under central spanish control that after hundreds of thousands of demonstrators flooded barcelona over the weekend calling for spanish unity. you're watching news ben fizzling will have all of their business headlines in just one minute. health. here in studio more. solidarity.

they fall by the wayside when the gap between rich and poor grows. like in an equal societies. the divide starting november fifteenth on g.w. . when cities are ingalls by the sea. all the dams wallets and costly protective measures will has been for nothing. what's. the future starting november ninth on g.w. . at the. global financial markets a mixed as in best is a white to find out who's going to head the central bank of the world's most powerful economy. catching carbon our engine is remove carbon dioxide from the

atmosphere and lock it back into the. and as online giants continue to kill business for traditional stores the american shopping mall tries to reinvent itself . and i've been physical and let's do business on tenterhooks for months ever since u.s. president donald trump took office there's been a big question mark hanging over the position of head of the fed he hasn't had kind words for the current chair janet yellen her term expires in february and there's speculation trump will appoint someone else who favors foster pace of interest rate increases. there's no business like show business they say but what about the business of running the world's biggest economy it's a blurry ninety washington u.s. president donald trump clearly hasn't forgotten the tricks of the trade honed on his show the apprentice in an instagram video posted on friday he proved he was

a man well versed in the art of building suspense people are anxiously awaiting my decision as to who the next head of the fed will be it will be a person who hopefully will do a fantastic job and i have somebody very specific in mind i think everybody will be very impressed but most of bordley i think at the end of eight years you really will be abreast because things are looking good might that very specific someone winning the keys to this prime piece of real estate the favorite jerome powell the former investment banker republican is already a member of the fed's governing board markets would welcome his nomination believing he would continue with yellen fiscal policy gradually tightening the reins after a period of extremely loose monetary policy then a stanford economist john b. taylor his chances are slim though insiders believe he would raise interest rates too fast and don't forget current chair janet yellen in theory she could serve

another term but it's true that trunk will be looking to turn his back on any a-bomb administration appointees meaning sometime this week she might well find herself on the receiving end of that well worn catch phrase you're fired let's go over to all the bots who's standing by for us in frankfurt to give us the european perspective on this story only does de frank the traders have a favorite. yes they should certainly do i don't think anybody would like to see janet yellen leave the fed i think there is almost universal acclaim for her term in office it's been a little bit of a bumpy ride she's not always acted the way people thought she should have that goes for both sides of the in line for asia as well because for numerous times she announced a tightening of monetary policy and then a further tightening but wavered and delayed this and not upset markets a little but all in all the fed has started tightening now interest rates have

risen the buyback program has been stopped the fed is starting to shrink its balance sheet so she's doing the right things in the right time she's a sensible reflective personality with an excellent economic background but people agree here it's probably going to be jerome powell ok and i guess that's because a lot of people criticize yellen at least in the united states for being too slow in the shift in policy in the u.s. . that could be part of the picture but of course if you're here donald trump janet yellen should be his candidate as well he would like to see low interest rates but the thing is he would also like to see a republican that he can nominate and jerome powell is that he's a former investment banker he's a lawyer but that doesn't really matter because he has so much experience and investment banking and in the financial world and he's been sitting for five years on the board of the fed so he'll be

a candidate that should be easy to pass through congress where democrats also play a role probably in this nomination and don't forget something that's very important powers powell has also come out for easing banking regulation and that should be up trumps leave as well. if powell were to get the position and did start pushing up those interest rates a little faster what what would that mean for the eurozone which isn't budging from its. historically low interest rate. that's right that's what mario draghi said lots last week and it's boy the markets here it's put pressure on the euro and that's probably going to continue and the problem is if the spread gets too far then the euro becomes really under pressure the economy in the euro zone is doing all right one could see an acceleration of the process but whether the e.c.b. will actually do it for political reasons we don't know that yet but it will be a development that will have major impact on the markets here in the coming months

and years of the expectations of the u.s. and the pressures on the euro zone thank you very much. fossil fuels like coal and oil still account fold large amounts of the world's energy needs but they also contribute to rising levels of carbon dioxide in the atmosphere at the same time tropical rain forests that naturally absorb c o two is still being destroyed at an alarming rate to make way for family and there are now around eight hundred get tonnes of carbon dioxide in the atmosphere that's a whopping eight hundred billion tonnes but that's nothing in comparison to the huge levels of c o two that can be found in fossil fuels still lying dormant underground ready to be exploited it's more than nearly twenty times the level in the atmosphere maybe it's time for some global engineering a phrase that describes the attempt to help fight climate change with technical means it was engineers working in iceland to found a way of removing c o two from the atmosphere and putting it back into the ground

they call it project catch up. this isn't science fiction it's fully functioning technology. so his company climb works has a plant that sucks in atmosphere of air with the help of giant fans and filters out the carbon dioxide seven hundred tons of it every year. the captured gases diverted to a nearby greenhouse in an atmosphere rich in c o two plants grow more quickly because they have access to more carbon the process turns a compound that would otherwise damage the climate into a product that can actually help it. and if we want to reach our climate goals of effectively reducing the amount of c o two in the air we can only do it by separating it from the other gases in the air and storing it long term in the earth . a strategy also being pursued in iceland this geothermal

plant taps hot steam from underground volcanoes c o two also rises to the surface of the boiling masses of lava there it's mixed with water and pumped back deep beneath the surface. if it's mixed it comes in here meets the rest of the. two thousand to two thousand meters. climb works has built its business model around this concept. anyone wanting to improve their carbon footprint can have some c o two captured by the company's filters. for a fee of course. you can devise during this test phase we're trying to define a pricing model and it's more expensive today than it will be in ten years we want to get it down to just around one hundred dollars a ton we're looking for customers that will take the first few steps with us and the next ones to. meet once again with. the c o two capture system can be set up

anywhere in the world with good access to basle to the volcanic rocks large pores work well for the long term storage of gases and bass alters common on every continent one more reason the climb works founders are convinced their technology has a bright future. on service the on for our vision is to capture one percent of global emissions in ten years that's three hundred million tons a very large number but also realistic it's still early days in global engineering the field of changing the climate with technology but ambitious projects are showing that the sky really is the limit. what about the future for shopping malls they used to be and temporal part of everyday life in america it was just places to buy food or clothes it was social hubs attracting everyone from teens to pensioners a place to sit down with friends for a quick or take the family for

a movie since online shopping sites like amazon have taken the shop out of shopping many moles of clothes down at one shopping center in california is bucking the trend it's reinvented itself as a lifestyle santa catering to the rich and famous and fulfilling the needs of hollywood professionals. this new beverly hills mall has set its aim at the high end focusing on glamour luxury and relaxation it combines entertainment and retail spaces to create a one point three million square foot venue with over two hundred shops and restaurants huge video screens and a stage been added to the outdoor plaza to host concerts film premieres and fashion shows fox sold the land and the land that we're standing on now used to be part of the movie business so there's a lot of entertainment ghosts in this space and we're going to be doing lots of fun things with the film community we are here in los angeles we are here in beverly hills it's going to be fun to play because the center is so close to film and t.v. studios the stores have signed up to a new partnership to provide

a concierge service for movie constant designers and wardrobe department stylists spend huge amounts of money on fashion when buying t.v. or film wardrobes it's a move that's supposed to make life easier for stylists. and we need to have a variety of clothes to do that so you can either go to one store or you can come to a mall that has three major department stores everybody and you can get so much shop in a centralized place so that's great but then to have this to do a service angle where they're taking care of us and make it easier to do it it's really just icing on the cake for us california has always easily adapted to market conditions this shopping mall seems to have found its nice serving las elite and hollywood's professional movie making community. nice doing business with.

me young entrepreneurs eager to tackle the challenges in our series founders.

in this episode lots of concrete. too little space to make his. detail dense not travel to hong kong to talk about cities of the future africa the second part of os news. condo's valley. climate change. west. pollution. isn't it time for good news. at africa people and projects that are changing the environment for the better so to us to make a difference you can win a. magazine t w. crime fighter. the new season of radio crime thrillers beacons. for investigative cases that will keep you on your toes. crime fighters stories of the best idea ever so every

young person needs to listen to crime fighter and share tell a friend tell a friend to fight. crime fighters don't miss it. freedom of expression. a value that always has to be defended and you. all over the world. are afraid of freedom of art. a multimedia project about artists and their right to express their views freely. d w dot com part of freedom.