bitcoin plunges on world markets down more than twenty percent recovering a little many still cling to their faith in the cryptocurrency including a cafe in singapore where bitcoin is king. and international takeover tussle in the skies brazil rules out relinquishing government control over embraer as boeing eyes the aircraft maker. and germany's renowned for its monsters of traditional trades but with the labor force the future of the manual skilled work could be a little bit. i've been physical and let's do business the bitcoin rollercoaster ride continues after nearing twenty thousand dollars last week and the cryptocurrency has finished the week below twelve thousand and some analysts call

it a reality check in the asian financial hub of singapore experts don't like what they see the on the nation's highest fiscal authority is warning investors to stay away from bitcoin but not everyone is listening. it's almost an affront. just a block away from singapore. an opponent of digital money a cafe has opened to our customers pay with crypto currency. just to make sure that people understand the currency to stay i don't think there's a question the way technology. development repping. governments maybe have a little bit of an issue. to follow through. so far there haven't been any problems in the cafe people there don't just pay for drinks and snacks with bitcoin that can

also use the cafes own currency known as the do cut that's also the name of the cafe still experts warn that crypto currencies are very volatile bitcoin for example is down sharply this week that's a problem for investors experts see the trend soon coming to an end. the second one will be when we don't know more progress on connecting it with the retail world so if you can't speak or currencies or if you can't redeem them for cash if you can't get rid of them back as cash. people are going to lose interest and when that happens the heat will come out of the market and people will move on to do other things and that's when we'll see that crash come. the owners of the dukakis cafe are not so sure about that on the contrary they want to expand opening cafes hotels and travel agencies were only digital money is accepted. and let's get the view from new york way against corporate standing by for us how can anyone trust in

something so volatile. you know those why it wild swings certainly show that bitcoins and other crypto currencies are still highly speculative and by the way it's not been the first time that we saw such a why of the why we had other times this year and because also over the course of a couple of days dropped to thirty percent plus but we also shouldn't forget that a lot of those investors are rather young they do not have much experience and there are driven by their n.t.o. as a enters and when it goes up but now we also saw panic sells now that the tide has shifted for not ok well let's bring in the chart because over the past two months we've seen one hundred eighty five percent we've also seen a forty percent fall in just a week as we can see there tell me is it just the beginning is is is that why so

much volatility or are we going to see big point at some stage catch on and we are going to be quite envious of the investors who got in so early. there will be winners and there will be losers and one question nobody can really answers will bitcoins be either so why vors or not because there are also other crypto currencies around and there will be new ones in the future if you compare it to the dot com area for example a lot of those companies big then it went bust but other companies look at alphabet or amazon for example today they're trading much higher than they did about seventeen years ago. exactly remember all of those search engines and how the biggest critics are the banks and central banks but of course they're left out of the equation are they. sure i mean they have an interest because bitcoins to a certain degree are

a competition to their core business still there is this big question for the future of cryptocurrency is what the governments and regulators do all week long there has been some speculation that maybe the government in china or south korea might block crypto currencies or also that the as you see here in the u.s. might have a closer look at bitcoins but we always see those rumors and so far nothing has happened but for the future of cryptocurrency is what regulators will be doing is a very crucial thank you very much for the update against co today for us in new york. a south korean court has convicted the ninety five year old founder of conglomerate lata and his son on corruption charges the court sentence found while cold to four years in prison but he will avoid jail due to his age his son was handed a twenty month suspended sentence the two men and three other family members allegedly

evaded a total of seventy six million dollars in taxes and embezzle forty six million dollars the company funds order is one of south korea's largest conglomerates its businesses include chemicals food retailers and hotels. the brazilian government says it had blocked boeing from taking control of embraer the brazilian owned plane maker is in talks with its biggest american rival the use igniting shares of embraer is the acquisition would go through it would help boeing expand its reach into the heavily competitive market for small regional jets. bigger is not always better for the world's largest aerospace company boeing is in talks to buy embraer a brazilian company specializing in smaller jets according to media reports boeing is hoping to acquire a controlling stake the deal would allow both companies to cut costs in their supply chain and boeing could expand its foothold in the small to mid-sized

regional jet market. aircraft makers from canada china russia and japan are competing in this growing market segment boeing is also facing pressure from world number two air bus in october air bus announced a joint venture with to expand its regional jet production but boeing is already facing head wind both at home and abroad that deal would see the company move some of its production outside the u.s. and that could run afoul of u.s. regulators and unions and the government would have to greenlight any selve embraer something the country's president michel to america is unlikely to support according to local media. while the a use the largest economy known for its high quality and dependable tradespeople is a problem a president of the german confederation of skilled trades as not enough and choosing to learn a trade he says that could endanger the nation's economic growth. they remain klutz

owns a plumbing company in berlin and he can't complain. there's enough work and he has contracts into june of next year but he still sees tougher times coming. also finding apprentices is getting harder and harder no one is applying and the applicants that we do get are not qualified for the job. klutzes tried out a few things to find good apprentices but with little success he thinks the digital generation has the wrong attitude. craftsman are disappearing of course it's nicer sitting in an office with a cup of coffee and working on a computer than it is on a construction site unclogging a drain or carrying in mounting a radiator. and. it's couple. in the last twenty years the

number of skilled worker apprentices has gone down forty three percent the plumbers training center as h.k. is trying something new it's a revoke berlin initiative it's training refugees for a career in plumbing today's lesson plumbing techniques and work vocabulary. and listen to it secondly. we have to make sure we find workers anyway we can and why shouldn't the refugees get a chance if they're hardworking motivated and well trained in the profession. and will feel about. around fifteen thousand apprentice positions have remained an occupied in germany and the number is still going up many employers hope that refugees can fill the gaps but is it realistic. there are two main problems one is their refugee status and are they allowed to stay in

germany and can they complete their training at the other problem is the language not just general knowledge they also need to know the trade language. and so on and off. hello from iraq is pursuing his dream he wants to become a plumber in berlin and has a message for other refugees. you have to get training because training is the decisive factor for having a future or not. and for more on how germany developed its global reputation for quality crossman ship check out our social media channels we'll explain the importance of the hunt back to germany's economy and what apple c.e.o. tim cook has to do with that find out all i facebook page or on twitter at. on to

school. nice to see you again very soon here on the delfi.

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