flawless diamonds ever caught is said to be auctioned off this evening in geneva auction house christie's is handling the sale of the massive one hundred and sixty three carat jewel said in an emerald necklace is expected to fetch as much as thirty five million dollars the jam was gunned down from an even bigger rough diamond found last year in a mine in. that's it for me and we thought she might but still we did have the news because monica is coming up next with business news she'll be with you shortly. big on money fun and fame. short.

life and autonomy. three careers three german d.j. superstars. adored by their fans across the world for their work just following my sex. enters the struggles backstage party took place when no one attain stardom just like the. superstar d.j.'s starting november twenty fifth on d w. growing strong the german economy continues its expansion over the last quarter now what's the growth based on and can the stellar performance last we talked to the president of the center for european economic research. also coming up more bad

news for better is the way our ratings agency standard some pause has declared the latin american nation to be in selective default. and the people world cup twenty eighteen is drawing near a time for russia to spend heavily to ready moscow for the tournament. welcome to do business while things just couldn't be better for germany interest rates are low consumer confidence is high and the economy is growing and growing it's been that way for the past eight years and the third quarter of this year talked that germany's economy grew no two point eight percent over the quarter before much more than analysts had expected now that's down to booming exports the made in germany brand is in demand worldwide and popular with european neighbors again as well now finally and time coming in. vestments are also growing fast of the important machine building industry has made gains those firms now have cash in

hand to spend on improving production and that's increased optimism for germany's economy as a whole and with investment comes further economic growth but it's not just germany that is growing economies are looking rosy across the euro zone take a look spain has also racked up north point eight percent there it comes of growth helping to push up growth across the single currency area france and italy are somewhat slower but also bad at naught point five percent overall the rise in g.d.p. across the nineteen countries of the euro in the third quarter is a comfortable north point six percent so is the world looking rosy let's ask an expert and take a closer look at growth in the euro area joining me in the studio here is he's the president of the mannheim center for economic research so the eurozone economy

looking rather healthy but looks can be deceiving as we know are they. it looks healthy and it is healthy so we are sensitive w. we asked financial market experts about their expectations assessment or see call me and both for germany and for europe they have a very optimistic view again growth so it looks good for the g.o.p. and the german economy and so what what makes them so optimistic i mean when you look around you've got separatist movements in europe catalonia you still have the ongoing bric signal goes the asians there don't go anywhere yet business is a confident why you're mentioning those troops in risking their more so the election which is coming up in italy at some point will be a risk and we also have to take a look and see beyond europe american situation protectionism in the united states is a risk but it seems to me that it's a moment no they are optimistic that politics and the voters will hold. for example we see tax reforms in ited states that could be improving for the economy so if

they have a reduction in the in the text but it could also be the border just protects it is out but there's an excise tax which is debated said would be a real risk for an economy like the german man which so heavily depends on exports so you do see pitfalls along the way because i mean germany with been talking about that now for years we're getting used to a strong german economy it's been like that for years companies have been posting record earnings also not just in the last quarter but we have seen very little investment how come it's good that investment is picking up if you ask companies so we make surveys with companies they took leave to reasons why they don't invest so one is too much regulations the burden of regulation is just wrong and the second one is specialist services so experts workers experts workers say aleck and that hasn't changed here so that can't be the reason what has changed is that europe is doing well so dry up is improving and that is good for germany as an export company

export nation so that's good for us so so it's now just only i mean there's certainly when you invest in the stock market you buy shares when they're low i mean if the economy is booming now is now the right time for companies to invest you know i'm not an investment consulting you know but for companies is companies like king. there's a lag in investment for a couple of years now so so i think they have to do more and if you see in the digital economy we are left behind so we have to improve and its economy is doing well and europe is doing well interest rates are low so you know knows the time to invest and if now is the time to invest is not also the time to raise interest rates. i know that's a subtle point but you see inflation is picking up but the inflation rate for the euro area for next year is. expected to be around one point three percent so it's not there where we would like to have it and you know it is improving but from a variable basis so i think we will still take some time until interest rate outlay so mr drag is probably

a bit more patient than as well as their president of the mannheim center for european economic research thank you so much for being in the studio with us thank you. let's get some market reaction right away go to the place where the action is to my loan is my colleague who is standing by at the franklin stock exchange who used to a strong german economy by now what you say are investors they're still getting excited about such good data. well you know it beat forecasts so it did come as a bit of a surprise but not really it also comes off the back of months of economic data coming out of germany investors can hardly be expected to brim over with enthusiasm every single time now of course of this a strong economic data also fueled a rise in the euro and as we know the euro tends to get exporters because it makes exports abroad more expensive so if you want strong exports made for strong economic data made for a stronger euro that in turn led to weaker exports so if you want to investors are

quite familiar with this particular piece of market irony and as such trading was quite a bit thin today. would you just take out your crystal ball for us and tell us will this trigger an interest rate hike my guess just said probably not what do you think. i don't have a one for i don't have one with me but i would tend to agree but you see these main breaks of course is to maintain price stability inflation isn't where it is some are even saying about we won't even see a rate hike in mario druggies term all right general doom allowed there from the frankfurt stock exchange agreeing with the president. of the center for european economic research no interest rate hike in sight yet thank you so much. now from a successful euro zone to a somewhat less successful venezuela and the question is has it finally run out of money standard and poor's has become the first ratings agency to use the d word declaring the country to be in selective default after it failed to come up with

two hundred million dollars in payments on global bombs now this came after talks were. international creditors in caracas failed to produce a plan to tackle venezuela's one hundred fifty billion dollar debt my head of that meeting author of terry and president nicolas maduro said his country would avoid default pinning his hopes on restructuring deals with russia and china. talking of russia now the country hosts the football world cup next summer and with just over six months to go until the first kickoff the countdown is on to make sure the city's hosting games are ready now over the past two years more than one hundred streets have been renovated in moscow and more controversially five thousand soviet era building blocks have been demolished leaving over one million residents to give up their homes and move into whatever the city chooses for them all to make sure that the city is in fine form for kick off. it's just that she

thought it over there i said. that's just people could break their legs. i'm staying here until you've taken care of it. and let's see the lion is checking the progress of construction projects in central moscow the russian capital is investing one and a half billion euros to upgrade two hundred pedestrian zones roads and bike paths. they all have to be finished by next june when russia hosts the twenty eight thousand feet of the world cup. we. are not afraid to be compared with the of the european cities. all the tourists and fans who come here. pleased with the level of comfort they find in moscow. that's a process that must be. modernizing moscow would be a far more expensive undertaking if the city hadn't brought in tens of thousands of workers from central asia most of these men won't see their families in kyrgyzstan

tajikistan or is they can stand for months that doesn't center years at all but we've got work in tajikistan but the pay is worse they're here the pays normal and the technology in moscow is normal not like in tajikistan but there is work there. workers from the central asian republics generally earn less than russians that's also the case on the building side of the new terminal at moscow's dumb idea the international airport the airport six-pack to handle forty five million passengers next year on a par with major european airports to the story that is just nothing got to within twenty eighteen will have the soccer world cup with a few energy vend. tourists from all around the world will be coming to russia by them so we need infrastructure to accommodate them as soccer world cup comes and goes you know the infrastructure will remain. the expansion comes with

a. price tag of around five hundred million euros total plan duration of construction less than three years work will continue through the upcoming russian winter to ensure the new terminal can open in may the movie it in the photos of british the recent last i'm going twenty eighteen businesses from around the world will come here so through the new terminal two with its used i'm going to continue on to the stadium sites to see good soccer to do in the episode whether it's a question for both. moscow is going all out to give itself a major facelift in the short time remaining until next year's kickoff the city is sparing no effort to impress its visitors. as business update here on d w four more you can always check us out on facebook or follow us on twitter i'll be back in less than an hour with me to see them.

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