long history of course and was such a great name of united when she it attracts by all over the world that's right you don't know me it shows me people love out and there's still a market for art you have to leave it there robert answered and i'm actually a and an expert great to have you on the show. you're wishing to devon you still to come one goes along to themas a german dusty and i just find it is likely to announce nasa and me on more on that story in business news which is coming up with helena humphrey shortly. your children like chocolate. you can live with on your smartphone.

or to make hopes the supermarket. as we go about our daily lives to move away from the last thing on my mind. invisible hands slavery in the twenty first century story december second on g w. at the. on depression iconic german engineering group siemens holds christ in tie up blocks under threat of closure thousands of jobs on the line as tough as tumble . or so coming up all that and it is not green well not at the dubai design

show that is stable living and luxury hundred hands. ready for takeoff we meet the robot that could be giving commercial flights a once a. base is your business update on how it all free but ed thanks for joy. me well the atmosphere as eamon is today could well be tense management at the german engineering firm have called for an emergency meeting likely to announce mass layoffs prompted by weakness in the turbines business guessed power turbines belong to the oldest and most important products from siemens that generate electricity and gas fired power plants but the moment has collapsed the firm for cost orders for just one hundred new turbines next year in the us globally we're talking about across all manufacturers is us alone has capacity to make one hundred and thirty turbines so clearly more than needed now add to that other supplies all of the

turbine makers put together could make forty units so world wide we're seeing that demand is much lower and that means major problems for instead one subsidiary is one of the biggest in the company and the second most profitable last year turbines made up twenty percent of siemens entire profits and that's why workers are fearing the worst when tire plants are under threat of closure thousands of jobs are at stake in them mostly jobs in europe where most. works although kate it company workers have been out they've been protesting the planned cuts that coding all management to show some vision above all they don't see why they should lose their jobs when there's even a conglomerate as a whole is still raking in billions of euros in profits. so i just want more about this now i'm joined by my do business colleagues with me in the studio and jeanette dumas allowed who is a frankfurt stock exchange for us welcome to you both now firstly. talk us through

this because we're mainly talking about gas turbines to generate power where demond has dropped off i mean we certainly don't want to see mass layoffs but could this be a sign that when you were a bulls all dating more attention more orders well all the big players in the market general electric siemens and mitsubishi have heavily invested in the guess turbine market because they believe that the government's what turn to more environmentally friendly sources of power but they made two mistakes and one they thought that governments would favor i guess over coal as coal is not good for the environment as we all know but it seems that many governments hang on to call because they want to protect jobs in the coal mining industry mistake number two they did not see that governments would support and subsidize renewables the way they have done it solar and wind power for instance and that's why you now see this huge glut in the guest turbine market and that's why you'll now today hear that

thousands of people will be laid off by siemens or at this curve sujan now then what's the sense where you are doing invest is believe that siemens have any chance of getting through the crisis without what closures in those job cuts ginnell. well you know investors are actually quite familiar by now with the person of chief executive joe kayser he's not exactly known to be sentimental when it comes to introducing sweeping changes to the company even if massive job cuts are the result we've seen this in the last four years that he's all keep ideas seat now at the same time investors know that as you said it would be difficult to explain to workers why they're losing their jobs at a time where siemens is doing quite well financially so they'll be expecting pushback on that front on the other hand the landscape is changing a sprawling conglomerate really isn't a future proof model anymore and they will welcome efforts to make the company more focused on more agile or original so what then will siemens plans be it's ride this

out where will it make your investment. you know these moves are actually part of an ongoing strategy that qasr had already put in place in the last four years it's gotten rid of a lot of units including appliances nuclear energy nobody has a theme and phone anymore because it got rid of its telephone systems unit a few years ago and its priority now is realigning towards areas like automation electrification and digitization at the same time i want to create smaller more independent units that operate under the banner of the siemens holding company and that is where investment is expected to flow from here on the right to now thanks a lot you know i want to come back over to you for a final question then because siemens is not the only. one facing an extension crisis general electric as well also facing a huge cash crunch i mean i'll be seeing a global crisis of traditional industries would you say well traditional industries

are usually big companies which have a long history for instance was founded in eighteen forty seven siemens is big and often the tough times appears like a dinosaur compared to new highly specialized companies which taking a bigger and bigger pieces of the pie away from siemens and all the other traditional companies that those traditional companies are striking back siemens for instance sees each division separately as general just explained which means that each division has to fend for itself carry its own weight and will not be supported by all the other businesses at siemens which are doing well and that may actually sound like you know the survival of the fittest but it may be a successful strategy. yet a next from business thank you very much indeed. well the haps as humans might want to look to china orders the country's converting to gas in a bid to clean up its legendary air pollution problems there the rapid pace of

industrialization left little room for environmental protection and along by the country's supporting environmental problems the government is trying hard to clean up coal has been a major pollution not only for steel production but also in daily village life that's set to change as china converts to gas just in time for winter. china's toxic air pollution is said to cost two million primitive deaths there every year and household coal usage is a major contributor to the misery. now the government is winning consumers on to natural gas for their heating and cooking beijing gas has been racing to start piping it to over three hundred rouble villages like here in south asia and one. fifty three year old resident wang yang is one of the last of millions to be converted but the conversion has a price a family's energy bill will rise a full forty percent this year though she does see the benefits yeah and i do you

know i think when cold turns to gas it's much cleaner than before you know there's no need to out cold and be very dirty and i don't need to wear a mask to fix the stove. when cooked or sun the first meal on the new gas cooker scrambled eggs and steamed dumplings for her it's a major improvement in the quality of life. now it's more convenient than using coal now the gas comes immediately when you switch it on you don't need to feel as anxious as before when you're cooking this is faster. but village life remains hard to save money when with only heat with the gas after six p.m. when her grandson returns home from kindergarten. sustainability doesn't always look that glamorous but if there's one place that can manage to merge anything with blake it's to buy sustainable luxury is the focus of this year's dubai design we currently on the way the biggest in its three year history so we

went to take a look around this doesn't ring structure was inspired by rhombus shaped jewelry that includes over two thousand five hundred mirrored pieces intended to be dazzled visitors but it's not all about special effects it's also about hard cash. there's a significant contribution the design makes to the u.a.e. economy roughly twenty billion u.s. dollars. that is measured in different times design is both an industry sector in its own right but it's also a value add is a service is actually that's added to businesses across the board the ab exhibit takes center stage this year. means dollars in arabic reflecting a theme of openness the temporary pavilion skin is made of disused bedsprings borrowed from an environmental management company. you can see a lot of designers take responsibility to educate or in more of their communities

that we have a lot of waste material that needs to be outside but that needs to be reused and the way they're going about doing that is by creating beautiful objects out of waste materials the third edition of two by design week runs until the eighteenth of november. and in fact another big trade fair is underway in the u.a.e. right now did you buy esho it's not just the latest passenger line is a jet spinning on the veil the new york based aca technologies is presenting its little robot a small town of us and designed to inspect commercial aircraft for takeoff. this powerful little aircraft inspection robot has a real eye for quality the air co bought was developed by companies including airbus group and france is a cot technologies it can find potentially catastrophic defects like cracks in the aircraft skin and in the engines fan blades air kobach can access all previous data on the aircraft being inspected. while soaring drones look through the cabin air

koba is able to conduct a thorough inspection of the plane's exterior. you will when you have a cost move but when you go through the fed by the pub if you up off not one you can have in you a very. good photo and fought for your money. with increasing global air traffic airports need to find automated solutions to keep airline inspections safe and efficient the creators of air kobach hope their technology will fill that niche. that's it you're up to date with the latest from the world of business from will find us on a facebook follow us on twitter on disco business on her head of the c humphrey is my handle more business news in the next hour to the.

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the for. g.w. true diversity. where the world of science is at home in many languages. on a lot of programming go on doing it on a show you can show. our innovations magazine for in asia the us from every week and always looking to the future fund d w dot com science and research for asia. thanks. hello and welcome to focus on europe good to have you with us tourism is booming on the continent despite terror attacks the number of people

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