this is the bit that this is so you are right with an extra fifty million commission for christie's the total price tag four hundred fifty million dollars the buyer has so far remained anonymous so we don't know if the public will ever get a chance to see the work again. and that is a whole lot of money speaking of money daniel winter will have business news coming right up you're watching t.w. is it. your children like chocolate.

with them grrr smartphone. or to make jokes the supermarket. as we go about our daily lives human rights are often the last to lower minds. invisible hands lingering in the twenty first century starting december second phone to double. over the. thousands of jobs lost last at siemens but workers austen why they should bear the brunt of all the company is billions in the black and speaking of billions folks blogging is announcing its investment plans and they're expected to bet big on a mobility in china and women in the boardroom must still that he rests. in his political

leaders come around coalition talks all that you doing enough to promote women in management roles. and don't know when to and this is your business update. breaking news now one of germany's best known multinational conglomerate siemens says it is going to slash some six thousand nine hundred jobs worldwide and its power gas and drives divisions which have seen a sharp drop in demand half of those jobs will be in germany where the company makes gas turbines for power plants the demand for those gas turbines like this one behind me has collapsed as power companies switch to renewable energy siemens forecasts global demand of only one hundred new turbines next year and that's for every manufacturer siemens alone has capacity to make one hundred and thirty turbines far more than the market can bear capacity among all the world's top turbine makers together is four hundred units a year now this shows why zeman needs to make big changes his turbine subsidiary is

one of the biggest in the company before demand tanks unexpectedly turbines made up to twenty percent of siemens profits the cutbacks will have a major impact on operations in germany factories in two german cities lights and gurlitz will be shut down costing the local economies there nearly one thousand jobs workers were out protesting the cards before they were made official union members are calling on management to show some vision of all they don't see why they should lose their jobs when the zemindars conglomerate as a whole is still raking in billions of euros in profits. and tracking this from frankfurt is a gentle do malone gel we've seen the shift to renewable energy coming from for a while now why this sudden drop in demand why now. well it's true that renewables have steadily been getting cheaper throughout the past few

years but there was this tipping point reached fairly recently where solar power or power for example became similarly priced or even cheaper than traditional fossil fuels in at least thirty countries that's according to world the world economic forum which released this data last year and of course that wind and solar just don't require as much industrial machinery as these fossil fuel forms such orders for things like gas turbines were really set to suffer siemens itself is framing it this restructure as something that had to happen eventually increased momentum and in renewables in the last year alone meant that it had to act now the board itself said that this decision was three years in the making ok three years in a making it seems that they have some kind of long term plan there at least so off to stephen's fall as these thousands of workers what happens next. well first of all they would have to get at these plans through they of course face stiff opposition from the unions workers have already said that they would carve out a quote a path of creative resistance to the company's plans but you have to think of this

restructure as part of a larger strategy set out by chief executive joe kayser to make the company more futureproof are at least in his perspective one that's realigned more towards automation electrification and digitization and one that operates with several small independent new and it's operating under the banner of the siemens holding company as sprawling conglomerates seem to be going out of fashion so the changes won't end here thank you very much for. that as if that weren't already a sign of the slowly turning tide on climate change twenty countries and two u.s. states have joined an international alliance to phase out coal from power generation before twenty thirty the global alliance to power pos coal was unveiled on thursday at the cup twenty three international climate meeting in the german city o'clock coal is responsible for more than forty percent of global emissions of greenhouse gases c o two the new alliance is committed to phasing out coal sharing

and reduction technology and encourages the rest of the world to cut coal which. now back to another corporation laying out its roadmap for the future carmaker folks thought in the supervisory board will confirm its plan tomorrow for billions of euros in spending over the next five years what's already clear they'll invest a huge wad of cash in the world's biggest car market china. china is the world's largest market for electric vehicles and it's growing exponentially by twenty nineteen the government says ten percent of all new registrations must be e-cards so fox bargain is taking the initiative over the next seven years the german company and its brands are teaming up with their chinese partners to invest ten billion euros in e. mobility. to increase the range of models to forty by twenty twenty five. and v.w. hopes to sell four hundred thousand e-cards a year in china that's way more than germany where

a total of only eighteen thousand e-cards are expected to hit the road this year politics are driving the e-card boom in china the smog there has led the government to restrict the number of new cars with combustion engines the much sought after new registration plates are sometimes put up for auction or as lottery prizes however while electric cars can do a lot to combat city smog they often no solution to the gridlock on the roads. here in germany political leaders are trying to hammer out a deal for a coalition government compromises are in sight for everything from refugee policy to energy but so far nobody is talking about the country's poor record and encouraging women to see the management the europeans the district's office says the highest percentage of women working in private companies in the e.u. is in latvia where fifty three percent of leadership positions are occupied by women in bulgaria and poland women occupy forty four percent of leadership

positions followed closely by ireland and a stony within the e.u. germany shares last place with italy and cyprus with women making up twenty two percent of management. though germany's chancellor is a woman many activists say politics like corporate boardrooms remain mostly a man's game in the europe's biggest economy but we're going to get some more on this now from the association of german women entrepreneurs joining me now is claudia nigga thank you very much for coming in to talk to us do you think those numbers are a shock or are you satisfied with the way that things are progressing and found its final i'd say this must be adult because they're the problem women's progress of stalin they at least sell there there are signs that they're backsliding in women in leadership positions we are not at all not at all satisfied ok so we've heard

a lot of talk from politicians here about boosting women in business at the w twenty conference for example angela merkel making a very prominent speech there but that's barely if at all featured in the exploratory coalition talks are going on at the moment ah german party to leaders all talk and no action on this front it's too early to say. that there is efforts been taken by potential coalition partners to sell but right now it seems that there are more complicated fields to talk about in the exploratory dialogue so we we still hope that these coalition parties for example have something in their preamble talking about women and equality ok so what action specifically would you like to see the next government taking in order to encourage women into leadership positions please. there of course there is this parity issue very important still so we were age seventy not pay parity but like women in leadership we introduced

a quota regulation last year for the first time and i think there is still it needs more progress because we observe or the late latest statistics show that the progress is very very slow plus there its is only progress when there is a fixed quota there is no progress if it's on a voluntary basis and it's asked our chancellor said at the german women union gathering in september if there is no voluntary effort it needs the economy our business need a business partner need to be forced it is pay still issue our women not being paid the same as men throughout their working careers not only as a discriminant discrimination effect but i would rather say that the.

that the development of women or they are biography is different to those of mansoul they are they need an equal access to leadership positions they need to be able to choose to same amount of working hours like to actually because some people say mostly men actually that women are free to do what they want in society there are now so many positive role models women have great access to education as well and they are tend to be very well educated too so why are there still so few women in boardrooms why do we still need union ships you're right when you when you're talking about education but the rest i'd like to. make some notes whenever it comes to the first years in and the professional lives then you see that women are not as fast as men. and this very often is due to the fact that they care more about family so this is still the duty of women and not

a man and as long as we don't change this whole model then we won't have enough and the same number of women in leadership positions ok plenty of progress still needs to be made today and they get thank you very much for coming in strong interest. and finally all the big car makers are working furiously on autonomous driving well now fold and dominoes have been tested autonomous pizza delivery your meal will come in a dryness car top with radar and sensors dominoes is researching technology but some things never change customers of course of exactly what to do when the pizza gets that. that's it for this slice of business news i gave us will alter by the business desk in the next hour thank you very much for watching.

one tree god international talk show for journalists to discuss the topic of the week the cold war between saudi arabia and iran is again heating up leading to talk of more conflicts in the already hugely troubled and volatile middle east could the

two sides even go to war to find out what my guests have to say join me on puerto rico. next. so this is the view from my seat in the horn section. sour with knows her stuff. this. is going to be the most incredible. musicians and conductors. and she shows just how diverse classical music can bang. samurais music contemporary classical. d.w. with. my phone. vyse i was a sewing machine. where i come from women are bound by the social tools even something as simple as learning how to write them by side isn't. since i was a little girl i wanted to have them by cycle of my home and it took me years to

when i. finally gave up and went to buy any of my cycles but returned because sewing machine sewing i suppose was more appropriate for girls than riding a bike and now i want to meet those women back home who are bound by their duties and social rules and informed them about the basics right. my name is the amount of people and i work i need to. follow in a very warm welcome indeed to this latest edition of court rico coming to you from the heart of belin now is the middle east is currently on.