and snipers on top of buildings will be assigned to eliminate any threats the n.y.p.d. and our partners are well prepared is going to be one of the most well policed best protected events at one of the safest venues in the entire world the aim is to leave visitors with no worries as the ball prepares to drop. and usher in a fresh start to twenty eighteen. that's your news wrap get all the latest from the world of business that's next thanks for watching. where i come from we had to fight for a free press and was born and raised in a meeting with the painter ship with just one t.v. channel and if you use favors when official information as

a journalist i have worked on the streets of many qantas and they have problems are always the same forward to source an inequality a lack of the freedom of the press. corruption weak on the fourth just a science when it comes to the fans of the humans and see the right to fools who have decided to put their trust in us. my name is jenny harrison i work a d w. there to be a good job and his top stocks have had a fantastic year but the country's benchmark dax index rounds off twenty seventeen just shy of the thirteen thousand point. also coming up apple is saying sorry to customers off to deliberately slowing down old i phones but will the promise of

replacing batteries at a discount price it's enraged. and dream final stop on the new silk road can an eleven thousand kilometer rail link to china revive the economy of a faded german industrial town. welcome to your end of year business update. in a muted final trading session on twenty seventeen on the frankfurt stock exchange went out with more of a whimper than a bang the main index was noticeably down from its record high this year and going at twelve thousand nine hundred seventeen points but investors still have plenty of reasons to be cheerful it seems they ignored the potential political risks here in germany which still hasn't pulled the new government to three months after an election germany's benchmark closed this friday some thirteen percent up on the year's opening markets monthly bonds has this is testament of the year that was

twenty one seventeen. what a surprise twenty seventeen practically no one had high hopes for the market but instead there was one record after another in new york with the dow in frankfurt with the dax the dax for the first time over thirteen thousand five hundred points during the course of the year the central banks pumping out money at super low rates still and company's earnings also improving the world economy clipping along rather nicely much better than expected politics not a damper neither the bracks nor the conflict with north korea nor donald trump in the white house in fact the u.s. president one of the main drivers of the market with his tax breaks twenty eighteen further potential seen the dax here in germany could reach over fourteen thousand points for the first time that's what not a few analysts expect of course there are also the political risks they could play a bigger role in twenty eighteen than they did in twenty seventeen people say.

germany's highest court has rejected a bid by folks fogging to suspend the work of a special auditor who was appointed to investigate management actions in the diesel de emissions scandal a lower court had appointed the order term and he's looking to find out when and how much v.w. executives knew about the cheating software installed in its diesel vehicles software which understated emissions during testing v.w. says installing the auditor violates its fundamental rights but in a final judgment on friday the appear court appeal court said v.w. continued lack of transparency makes a special order to messes. apple has apologized for slowing down older i phones after facing a barrel of criticism the firm says it's necessary to deal with battery issues and keep i phones working for longer but will now provide replacement batteries at a discount many uses i'm convinced. apple has been under fire after

acknowledging it intentionally slows down all but the newest i phones in a statement posted on its website the company said we know that some of you feel apple has let you down we apologize. apple says they wanted to protect older batteries as they naturally slow down over time but customers aren't buying it many had long suspected the company was slowing down older i phones in order to bring customers back to buy the newer models. come in the forest and i can't imagine that the devices slow down because the batteries can't keep a charge no matter what happens. with other phones the batteries seem to be just fine and they can also be exchanged easier no no that's a marketing trick they slow down old phones because they want to sell new ones. for me it's clear they're doing it on purpose there's no other reason gives them an . apology not accepted apple already faces eight separate lawsuits in the u.s.

and it might be facing additional legal action in south korea israel and france venezuela sits atop the world's largest oil reserves but i plummeting crude price and gross mismanagement by the government has crippled the country's economy inflation is sky high two thousand percent this past year hundreds of thousands of venezuelans a leaving the country and try to make it elsewhere some of cashing in with creative ideas but even that pull them out of desperate poverty. yes just taking the bus not to work though sadly his work is on the bus his selling money worthless money from his homeland of when. they get it do you know what i can buy with this absolutely nothing gentleman. who left his country for neighboring colombia and is now panhandling on buses in bogota he explains his

country's economic plight to local commuters hoping to store their horace. i left my country with two million body of ours when i arrived at the border they would only give me sixty thousand pesos for it twenty dollars so i decided to bring them here instead to bogota and give them away so that people can give me whatever they feel in their hearts that's it but if i may be above the head with the feel of the concept works call him makes a few bucks every day and manages to send some money back home meanwhile the crisis there affects the neighbors across the western border colombia has its own economic problems and it's facing a larger influx of migrants than the country has ever seen before we get in there are a lot of people in the cities where there are issues with lack of lodging lack of schools it's a challenge and you can imagine that if the colombian population already has problems accessing basic services if six hundred thousand more people arrive it's

very difficult yallop of those who can be on a. difficult but still better than in venezuela for who got here yes that's all that matters. one thousand years ago long caravans brought spices and porcelain from china to the middle east and europe the camels also carried precious silk which gave the route its name the silk road it covered thousands of kilometers all across asia the chinese government now wants to revive it in recent years it's been investing hundreds of billions of dollars in ports and roads bridges and airports between china and trading partners in the west this week we're looking at some of the stops along the route our series finishes at the end of one of the rail lines in the western german city of two spoke it's home to the largest inland port in europe handling three point seven million shipping containers a year making it an ideal hub for china's new silk road project the rail link

bringing freight here from china is already up and running as currently served by more than two dozen trains a week the transit time is around two weeks and that's four times shorter than traditional the traditional sea route giving the rail link a competitive advantage because in trade time really is money. but europe's largest in one port most containers arrive by ship but not all. that might look and spectacular but this is one end of the new silk road a freight rail route stretching eleven thousand kilometers and connecting duis book with chong ching in central china. instead of silk and spices typical cargoes today include how full the electronics and textiles. for the truth of belong to us we would we're part of the largest connotation in central europe. the chinese want to sell masses of consumer goods with them and the best place to sell them is where

you have a lot of consumers. you combine that with a dense network of roads and rail links to this end. plus the rhine river connecting with rotterdam and also the brig on europe's west coast it's ideal. this will. turn out twenty five trains a week to do is book from china carrying both goods and hope for the future. located in germany's industrial heartland duesberg used to be a wealthy city but it's been in economic decline for decades. the city's representative for chinese affairs still remembers the steel plants lighting up the nighttime sky when he was a boy today like the coal mines across the river valley to most have been closed down. in the last twenty years we've lost around thirty or thirty five thousand jobs in the steel industry. which is why he welcomes trade from china.

and the new silk road will boost the influx of investors such as ya mean one who has big plans for do is book. beginning here and china and we will be building a china trade center here. on this line behind us we will have one hundred twenty thousand square metres of office space over five stories. hundred seventy thousand metre. the center is set to accommodate around two hundred companies which will have excellent access to the european market from here the construction is being subsidised by the chinese government as part of a long term strategy. that also includes the new train league. it may not be making any money for beijing yet but the financial commitment makes do is book confident that when it comes to the new silk road and future trade the chinese really do mean business. fireworks manufacturers

a set to cash in this week as millions prepare for new year festivities its global sales last year reached almost two billion dollars according to market research firm q why most of those sales being at the end of the year europe's biggest economy germany or fork out more than one hundred thirty million euros on new year's eve fireworks alone imported products accounted for three quarters of the bang flash and whistle at midnight here on the thirty first. and so we're going out with a back from all of the business team. thank you very much for joining us throughout the seventeen and we hope that you have a very happy and prosperous new year. we

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consequent our ranking of the twenty five most popular program. the countdown continues to get your romance in sixty minutes. what unites. divides. looking. for. what binds the continent to get. the answers and stories aplenty. i don't people. just d.w.i. . the other one into one official estimates more than one point two million venezuelans live in colombia legally and illegally. already at all why i'd return to the. to visit friends is that i don't think

i'd ever go back there to live you know what i live there again i don't know so i'm not sure. bearing witness global news that matters. made for mines every journey begins with the first step and every language but the first word emerged in the. rico is in germany to learn german why not learn it simple online on your mobile and free themselves from d w z learning course nico speak german made easy. welcome to our special end of year edition a focus on europe and what a turbulent year it was for left.