against the heavy still forward. then joins me now on the buzz what in recent weeks has been described to currency bitcoin which is entering a new era it seems bad and it continues this week and read a major bourses now trading bitcoin futures the chicago board options exchange virtual money has value surging to well over eight hundred thousand dollars today some reckon the derivatives will help stabilize the extreme price volatility of the past weeks and ensure big place in the financial mainstream i talked to our financial correspondents about that starting with linda hong in singapore i asked who is investing well actually if you think about it although there are actually notable investors kim draper who is actually a venture capitalist he has actually going to be a billionaire from his investments in that coin trading and also we know that we don't know actually that some of the other small investors and if she gives rise to the fact that there might actually be some money laundering or activities for

criminals to kick to to do for two bit quite that they make you know on the some money so there's a very number of invest this for it going to eighty so they definitely use a dark side to the digital currency daniel how do you see what a trade is they're saying about the performance over the next week switch which dollar mark is the next goal. well the investors are telling me that they pretty much don't see any kind of limit we just remember weeks ago the bitcoin was at a level about eleven thousand dollars now we are seeing this launch happening at started with fifteen thousand dollars just within twelve hours that went up to eighteen thousand six hundred dollars the next mark investors though are looking at a level of out of fifty thousand dollars that they think it's really realistic to reach in the next coming months maybe even weeks and when

a big point future's going to be traded in frankfurt do you reckon you're very interesting question the start of the sea o.b.e.'s kind of a milestone next week another major stock market c m e is going to join mastic even considering this as well when you talk to traders here in frankfurt they're a little bit more conservative really a warning that bitcoin just within one day can go up forty percent but then you know can drop again so i don't really see this happening in the near future here in frankfurt briefly linda is this going to be a short lived obsession or is it the future what always seem think why it's been around since twenty eight and it has survived a crash in twenty thirteen and it's a key that's actually a fixed number of quite going on right now twenty one million so we have seen what with his history speaks for itself what goes up must come down and bitcoin has gone

up too quick too far to metal time and how would the car make correction pen now likely to be what we have always been before in many of the other share price this we have seen before thank you for your analysis linda in singapore daniel in frankfurt. austria's central bank governor. says it's high time the regulators moved in he doesn't class bitcoin as a currency but rather a speculative product of wagner he is a council member of the european central bank germany's biggest tech conglomerate siemens is in the midst of major job cuts it's a bigger employer around the world especially here of course that's why management's been called into the economy ministry for talks in berlin. making noise to make sure their voices are heard german tech giant siemens is planning to slash six thousand nine hundred jobs worldwide around half of them in germany the company says the move towards renewables has put pressure on its turbine division

eastern germany will be hit hardest with sites in the cities of gurlitz to be shut down completely protesters accuse even c.e.o. joke of leaving them in the lurch. so this isn't necessary that's why we're so enraged joe casey himself said after the last election that the rise of the if he can be seen as a failure of the elitist class well he belongs to the elites and if he continues what he's doing in eastern germany the populist message will resonate all the more populist the. german economics minister will get to two places to hold meetings with the local representatives as well as management in berlin. we have to recognise that industry in germany is in the process of restructuring. of the on the other hand siemens has received one point five billion euros in public subsidies in the last twenty years in the form of guarantees so there's a certain obligation in my mind to say hey let's take

a more consensual approach. meanwhile siemens has signed contracts to build two gas powered electricity plants in libya but management says such a move does not alter plans to cut jobs in its turbine division. he calls it a disaster u.s. president donald trump's assessment of the world trade organization it's meeting in argentina wracked by disagreements over china struggling to kickstart stalled trade talks. is in desperate need of some good p.r. . smiles for the cameras but behind them the recognition of a new reality global trade relationships are undergoing as shift driven not least by the arrival of u.s. president donald trump and his america first policy mentioned in all but name in the w t o t opening remarks sentiment today is more inward looking the threat of protectionism remains ever present and with this in mind i

think it is more important than ever that we build on the progress that we have already made to further strengthen the system was exactly strengthening the system actually entails is less clear among the issues up for discussion is china's demand to be recognized as a market economy on this issue at least the europeans and the united states are united in their opposition such a move would prevent other countries from levying antidumping duties against china for selling commodities like steel unfairly low prices other contentious issues include plans to end state subsidies in the fishing and agricultural industries that some see as hampering trade and. the problems of the w t o ourselves with more w t o not with less it's time to be pragmatic and advanced on the basis of a scheme that while it's not ideal allows us to take small but firm steps bit of

freedom is more w t o leading to more globalization outside the meeting hundreds of protesters gathered to object to precisely that message. they see the rise in global trade as the body that represents fares that's contributing to worsening conditions for workers around the world. and update now on that huge blaze in california that's right things getting worse ben thank you very much now why fire as a threatening thief is holmes a major flare up in southern california's largest wildfire has triggered new evacuations the blaze has been moving closer to the city of santa barbara fires in the area have forced two hundred thousand people to flee their homes and destroyed hundreds of houses. here in the city of carpentaria the areas choked with smoke and ash. with the flames edging closer firefighters

are working around the clock to contain the inferno the so-called thomas fire is one of the biggest wildfires ever seen in the u.s. it's already burned hundreds of structures to the ground and scorched an area larger than new york city now it's threatening communities near california's scenic coastline after impacting santa paula and ventura the flames are now menacing santa barbara home to some of the state's wealthiest residents. locals hope to get control of the blaze before it's too late. that's a number right there to board another one right here you know. i think. there's enough manpower there to do what they have to do lighter than expected winds have helped. some communities from the worst of the blaze it moved down into this community of shepherd what you see behind you is really unfortunate but if you

see what these guys. what they did last night was amazing they saved this entire community but authorities have warned the danger will persist thousands remain under evacuation orders the blaze is only partially contained and is likely to grow further in the coming days. i have more news coming up. from. there black and living in germany she's reminded of what that means on a daily basis presenter. if you see. she traveled to germany to meet other black people and to hear their stories. for your country but you're still. germany.

five minutes. looking for. history.