especially the social democrats they will have their grass roots and their delegates at a party convention vote on that and that is the tricky part because the leadership off the social democrats particularly has to convince their party membership that this is a good idea and again there's a lot of opposition in the party charlotte potts with the latest from thank you. you're watching d.w. news still to come on the program going dry cape town's worst drought in decades coping with the harsh conditions is one thing but it is also leading to mass job cuts and we will tell you why. that's coming up in just minutes time with ben facility he will have all the latest business news don't go away is back in a minute. stories of people who've world over the information they provide. the

means they want to express d.w. on facebook and twitter up to date and in touch follow us. beat the germans new and surprising new specks of noise and culture in germany. u.s. american kate moos takes a look at german idiosyncrasies as their traditions everyday lives and language can just come out of my lungs and so on. through to. trick i d w dot com the germans. at the going public expects a bumpy year on stock exchanges for new listings youll is set to top the league but

hong kong poses a major challenge while frank expects a record twenty eighteen well that you know who's doing what where and how much they're expecting to. go electric chinese startup unveils its vision for future mobility and las vegas executives believe as the most intelligent and short of electric. and going dry cape town's worst drought in decades coping with the haas conditions is one thing but it's also going to mask job cuts. i've been fizzling let's see business buckle up for a flurry of i.p.o. action lots of companies plan to go public in twenty eighteen most tech related many are choosing home cold over new york analysts say the market for initial public offerings could total true hundred nineteen billion dollars. if saudi arabian oil mommas goes ahead with its constant sell five percent of its shares on global financial markets it will be the largest i.p.o.

in history well it's up to one hundred billion dollars that could happen in the second half of the year. music streaming platform spotify is doing is somewhat less than an i.p.o. it's a direct listing avoiding raising caps two and diluting already existing shad's spotify has already raised more than a billion dollars from private financing in fact many companies are flush with private financing and don't need stock market cash right sharing company lyft just got a billion dollar injection from google parent out for that but it's expected to go public at the end of the year its rival may wait until two thousand and nineteen. cloud storage heavyweight dropbox just secured at six hundred million dollars line of credit but expected to make its initial public offering in march or april. timesharing giant b.m.p. says it will be ready for an i.p.o. this year but it's likely to hold off. another note to i.p.o.

may be extremely profitable self and make a show you me which just booked a billion dollars in profit for two thousand and seventeen not to be left out there's at least one big german i.p.o. on the horizon siemens medical technology unit health than is which hopes to raise at least five billion here is one of the biggies for taishan xin gemini's history. and these days there are other the initial public offerings for companies to raise funds there are also initial court offerings or i c o o's the new cryptocurrency trend especially among startups twelve website e.w. dot com slash business and read all about the opportunities and pitfalls of cryptocurrency bitcoin has taken a big dive after its story took a new twist it around twelve and a half percent today two hundred fourteen thousand u.s. dollars the drop came of the south korea's financial watchdog said it's looking into several banks that offer online bitcoin exchanges the regulars' regulators

want to be sure the lenders are applying and the money laundering measures as reports emerge that north korea may be using the crypto currency to evade sanctions . let's bring in daniel corp our financial correspondent standing by in frankfurt daniel why the big drop for bitcoin when these inspectors say there is no suspicion that this is just a regular review. well one thing is very certain ben you really need strong nervous at the moment when you are invested in the cryptocurrency after the booze that we saw on friday as dropping i was just taking it a few seconds ago after it was recovering again it's now dropping again why what is happening at the moment is why i and many investors and also big financial institutions are really still warning mostly private investors to invest their money in bitcoin calling it again a fake currency because one of the most important character correct touristic off

a currency is that it's stable and reliable but frankly speaking this is not the first time that we are seeing something like that we have also seen already in the past sometimes the bitcoin dropping by thirty or forty percent. huge drops but what about twenty eighteen is it going to be the year of the big crash my producer all of krieger reckons it is my colleague. says no. or now you are asking me what is a really tough one i can tell you ben some weeks ago investors were saying that they are seeing the bitcoin at the level of about fifty thousand dollars it really seems that the bid going now is struggling with this twenty thousand dollar mark i personally don't think that there is going to be a crash this year but i also don't think that it will be growing as fast as some weeks ago many investors were predicting but yeah it's a tough one what do you think. we're all just speculating you know because i'm not allowed to invest in it i would mind seeing pressure but i'm not allowed to say

things like that daniel thanks for joining us. french president. courses china's new silk road can't be a one way street he's arranged to europe to take part in the project arguing that both sides should share the benefits of a vast new links between the two continents. first visit to china began in a city with symbolic meaning hsien was the starting point of the ancient silk road that connected china and europe beijing has been wanting to reconnect that trade route for years but the response has been lukewarm until now. mcconnell said it was time europe got behind the trillion dollar project. i think that the new silk road initiative can bring our interest ants and europe if we give ourselves the means to work together. the plan will see gleaming new road and rail links through central asia drastically cutting shipping times but it's raised concerns of chinese

expansionism markets flooded with ever cheaper chinese imports and countries living in the shadow of beijing's military. a project to upgrade a key rail line in serbia at the other end of the silk road raised fears what was buying was influence. the french president said the new trade route had to benefit both sides he says these roads cannot be one way there have to be comings and goings. and these roads can't be those of a new had germany that would transform the countries they cross into vassals. there's not much chance these chinese soldiers will be marching into europe but emmanuel mccall will still have to allay fears the silk road won't become a conveyor belt for other types of chinese mass production. cars are turning into autonomous entertainment vehicles sit back relax and enjoy the ride but if you know

keen on letting go of the wheel and emissions free trip could give you borys of mind is what's new with the consumer electronics show in las vegas. it's opening night for the challenger and electric s.u.v. from china it's still just the prototype seeing light for the first time at the c.e.'s it's built by a new car maker called biden there were even former b.m.w. employees in management positions like c.e.o. kostin bright fed the technology which is available in two years it's very well known right now so it's more about getting good conditions and you know the range of this car will be you have to pay as a small a battery pack it will give you four hundred kilometers the big one five hundred twenty and five hundred twenty kilometers of range is more than enough. if you have access to a charging infrastructure and if you can bring the charging speed up. the electro

s.u.v. will have a sticker price of around forty five thousand dollars to defining features will be the touch screen in the cockpit and the speech assistance from amazon in twenty nineteen by wants to sell its first vehicle in china and then move on to the u.s. in europe in twenty twenty but getting there may not be that easy. these companies are finding their. even though in theory designing electric car is relatively simple getting them to production in the mass market is actually a really really difficult thing so i think this will definitely be a little bit of a struggle going to market i think twenty twenty may i should be optimistic to get all this technology capped that price but again if they can do it a good definitely make a big impact on the market. but quite a few chinese carmakers have had bad luck producing electric cars some even presented vehicles here that never went into production but among its backers are two chinese investors with lots of capital the internet giant tencent as well as foxconn a manufacturer of apple products. in the south african city of cape town water

levels and reservoirs a dangerously low or the area is struggling with the worst drought in decades the city's imposed level six restrictions that means no watering gardens refilling swimming pools or washing cars the whole region home to four million people could still run dry. the city of cape town has the ocean at its doorstep but fresh water isn't desperately short supply and the drought is threatening the survival of many area businesses an estimated fifty thousand jobs in the western cape region could be lost mainly agricultural workers but also gardeners and hotel cleaning staff could face and employment water rationing is affecting everyone even the five million tourists will drive and only have been asked to keep showers to two minutes and under current restrictions water can no longer be used in gardens. in march twenty seventeen the mayor declared the city

a disaster area reminders are everywhere about the importance of saving water he says in which. if you still want water to drink if you still want to make your cup of tea your cup of coffee i think we need to encourage our neighbors encourage off friends and family not to misuse water city officials keep a close eye on supply. for leaks and other sources of waste households have to limit consumption or face defines. cultural and commercial usage is restricted to authorities are preparing for a day zero april twenty ninth the latest date when city taps are expected to run dry in that event there will be water point stations across the city which will distribute twenty five liters per person per day rain would help but in the heat of south africa summer that's not very likely. nice to business with you.

tony they're like test tubes on the high c.

thanks these experimental tanks are sent out by marine biologists. the researchers used them to find out how marine life is adapting to climate change. and what the consequences for the oceans and mankind might be. tomorrow today next on d w ok. when i'm traveling to be comfortable. but i also want to stay up to date on the latest news and events. and make snap part of. this because it's available and thousands of hometowns resorts to ships worldwide. where have you found the domain side send us a picture that shows the w in your room you couldn't agree frights go to d w dot

com travel quiz. i should makea has no children which makes her feel worthless and incomplete. in a society that expects them to bear children this is a burden many married yet childless women in niger suffer from. a wife is only fully accepted upon motherhood. a very personal film about the suffering of childless women in the injury. list tree starting january fourteenth on t w. watching tomorrow is today coming up. at.