germany's potential coalition partners have resume talks about for me a new government that's off to all night negotiations fail to use a do you between on the americans conservative and to julia coalition aka us. agreeing on money is an important part of this pollution talks head on we'll be taking a look at that in business news which is coming up next just stay with if you can. your children like chocolate.

with them your smart phone my. wife or two major hopes the supermarket. as we go about our do you mean law of human rights or from the last one mind. the invisible hand. in the twenty first century starting december second to fall into double. digits at. thousands of jobs to go. take to the streets that demanded all sr management at a time when the company's profits all flourishing. also coming up equal

access to jobs for working conditions and wages leaders unveil what they call a set of social rights so will they make the european union's vote has more in chanted with the e.u. . to test a c.e.o. you know mosque on bale's his company's first electric truck and he throws in a surprise new sports car. this is your business update i'm headed home for thanks for joining me now even though the german government's potential coalition partners a not yet sure whether they'll form a government together that already talking about which projects where we funded and which worked the german industry and trade association says that it's not even necessary strong economic growth together with more tax income have opened the door to more financial possibilities which the association says could be allocated for tax breaks and investment it sees more money in germany's treasury than the

political parties do seventy five billion years will be available in the coming years according to the association the parties themselves all working on the assumption of forty five billion. caymans first president of the institute of economic research here in germany joins me in the studio good to have you with us so more money in the cough is potentially i mean do you agree with that assessment what's your take in principle i agree i mean if the balanced budget is the reference point there is money available to a billion in two thousand and eighteen and more in two thousand and nineteen of cause half of that goes to the states and we're talking about the federal government here so i would say it's something like fifteen billion at the federal level available you know per year sixty billion over four years that would be available for tax cuts almost spending now these talks have been going on for a month now and what does that mean in terms of investment has that put the brakes on a little bit and what would the fallout be from fresh elections i don't think it will

put a brake on invest and currently the dumb economy is running at full capacity so country companies do have problems executing their investment but that's because they're not people available everything is running at full steam so i don't think these negotiation or will the causations will hold a hold of things that would be different if there was a longer phase of uncertainty like you know reactions to in the government and the fear that there will not be a stable government in germany but we are far from that or i am with the prospect of the coalition do you feel that the money will be available for the necessary economic projects well there is enough money around my concern is that this is not really the point in time to spend more we are in an economic boom so it would be much more important to sort out which kinds of spending that exist do we really need and where should we invest more i think we should invest more in south and parts of the infrastructure in preparing people for digitalisation for all to my

ization in the economy so investing into education skills that would be important but we also spend a lot of money on a rather useless thing so we should think about. shuffling money rather than spending more and do you think that that would come to fruition with the current potential coalition constellation i would hope so but there are so many parties sitting at the table and every party has its supporters and they want to give them something so my concern is that you know they will spend the money now and in the next downturn that money will be missing and of course some spending is necessary where do you see the need for it in terms of projects infrastructure and so on germany there are parts of the infrastructure of the traffic infrastructure bridges over the rhine where investment is necessary and the whole area of digitise ation preparing people for the new digital economy is very important i think this is more important than a rolling out glass fiber nationally investing into people is even more important

than investing into infrastructure claimants first president of the institute of economic research hit in germany thank you for your perspective thank you now there's been an angry reaction in a germany is the announcement of job cuts and plant closures that engineering giant siemens the company itself is highly profitable but says its turbine division called keep it makes the parts of fossil fuel power plants and the man says it's been hit by the switch to clean energy sources the broad claims it's an act of tough love to secure the future for the remaining employees. zimmermann's workers took to the streets as the job cuts were announced. the industrial giant said it would slash two percent of its workforce despite billions in profits a decision met with a shock. you know i can't understand it at all i just thought they're playing around or it's incorrect information until now you can't close down

a factory working at full capacity and especially not out here in germany easiest. the company blamed the shift to green sources of energy like solar power for the move. forward member lisa davis said the power generation industry is experiencing disruption of unprecedented scope and speed renewables are pushing other forms of power generation under increasing pressure today's action follows a nearly three year effort to rightsize the business for this changing marketplace . zeman says its power and gas division is worst hit by the switch to renewables demand for gas turbines has tumbled dress to create depressing prices and profits and that means six thousand nine hundred jobs around the world must go almost half are in germany with the country's east hardest hit two plants there in the cities of light position gurlitz will shut down completely and

a third hangs in the balance the two plants to be shuttered are in the state of saxony which depends on them for jobs and tax income. it's like this for ok we're now in for a fight because we can't just accept this decision the supervisory board has a responsibility to take a critical look at the state government unions and works councils reached out their hands seaman's needs to accept this and find solutions that benefit the affected regions and employees shift. zeman says it will try to avoid forced redundancy is and will move workers to other if they can seize within the company but that's little comfort for the community as they leave behind. european leaders are meeting in the swedish city of gothenburg today for an eight year social summit they're promoting a set of twenty social rights and guidelines designed to make social provision more even across the bloc both the e.u.

council and commission of already signed up to the guidelines the new paper form is what the president of the european commission. has called a pillar of social rights. correspondent is in gothenburg covering the social summit for us good to see you again now that of social rights is not actually binding to those who signed up to it so can it really make a change. it really depends on your perspective if you say this is a soft law mischa tiff that tries to regulate them something that actually falls into the legislation of the member states then the answer would probably be no and only to complicate matters i give you an example of the patchwork of social systems were looking at that are that the e.u. is trying to it's in some sense to harmonize if you take the minimum wage of bulgaria it is just over two hundred euros if you take that of luxembourg it is just under two thousand euros so it's

a really complex issue on the other hand things have to start somewhere and if you look at the charge of fundamental rights for instance that was a proclaimed in the year two thousand and seven years later it was incorporated into your law the members of the european parliament according this agreement a key instrument to make the e.u. left again i mean do you think now plans going to work out. a swedish prime minister and co-host of this event here sets today it is time to put people first and the e.u. now has the momentum and my impression really is that bracks it has been somewhat as a lot like a wake up call for the e.u. member states who have very much understood that they need to change the refutation of the european project if it is meant to have a future and now it really depends if this will work out is what can they make of that pillar of social rights if that if that leads to more new legislation for

social rights then it can indeed become a race to the top. in both and sweden thank you. the controversial keystone pipeline has leaked spilling over eight hundred thousand liters of or oil all farmland in south dakota keystone carries or oil from the toss and fails in alberta in canada to refineries in the united states in the pipelines own a trans canada has tweeted this photo that's an aerial photo of the affected area showing a block and field the spill comes as regulators decide whether to give the go ahead to a second pipeline route known as keystone x.l. that project's been at the center of a political debate be as locals have protested motivated by fears of potential leaks contaminating the regional water supply the project was stopped in at twenty sixteen by then president barack obama has been restarted under the trump

administration. electric can make a test that has been rattled by sliding profits and missed production targets lately but that's not stopping the company from planning future products tesla now on a veiled a prototype electric big rig trucks. saying that the heavy vehicle can go up to eight hundred kilometers at highway speed before needing a recharge he didn't say how much the truck would cost but production is set to begin in twenty nineteen mosque has described electric trucks as test as next effort to make the economy away from fossil fuels and the company also presented to a new two hundred thousand dollars sports car claiming it will be the fastest production call ever. that set you up to date with the latest from the wild all business more coming up in the next hour event.

like you will probably be the favorite at the world cup in russia you know getting around to germany or defending world and calling for a cup champions plus we had

a good qualifying round the pressure. it's always there but i think in russia it'll be even higher. great expectations how do you deal with them and what happens if their dashed. more intrigue on the 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 conflict in the already hugely troubled and volatile middle aged could the two sides even go to war to find out what my guests have to say join me on poetry. in sixty minutes on d w. w's program guide to the highlights. the whole. dot com highlights. when i'm traveling

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