al gore wants to pay thirty eight billion dollars in u.s. taxes on overseas cash and create thousands of new jobs in the u.s. under a new five year investment plan. what's worrying the world's business. most the global risk report reveals what's keeping the movers and shakers up at night. and apple they'll pay thirty eight billion dollars in u.s. taxes on its overseas cash and create thousands of new jobs in the u.s. under a new five year investment plan the company announced for all countries each other you've business news now the tax bill stems from the more than two hundred fifty billion dollars in overseas cash held by the tech giant money that al gore if used to bring back to the u.s. on the way to previews higher copper a tax rate the company says thirty billion dollar investment plan will create twenty thousand new jobs. and we want to hear more about that let's bring in school to our correspondent on wall street this is a huge investment what does that mean what's behind that well i

mean what we did here is that talking about the overall they're going to contribute about three hundred fifty billion dollars for the u.s. economy over the next five years but wasn't too specific care where that number actually comes from but we can take a guess that the tax reform does play a role. bringing quite a bit of the two hundred fifty billion dollars from overseas back to the u.s. and we're hearing that a good twenty thousand jobs will be created and the stock actually reacted quite positively to this news so apple benefits obviously for from this u.s. tax reform but banks are not that cheerful that concert before they have blaming actually that tax reform for the losses that you're seeing today who is to blame in your view. we do see one time charges because of the tax reform for the big

u.s. financial institutions but in the long term banks are quite upbeat that they will also profit but in the past quarter if we look at the numbers from goldman sachs for example which came out on wednesday for the first time in six years goldman had a loss and that was partly to blame on this one time charge but also trading revenue fell heavily by thirty four percent in the past quarter bank of america did a bit better also some trouble with the tax reform related one time charge but overall it was almost the best report for bank of america in the corporate history and besides banking shares falling a bit here in the wednesday session the dow jones industrial average managed for the very first time to also close above the twenty thousand point mark so not everything is in a negative today and score thank you so much for your reporting from wall street

french dairy products company like alice is there a pressure raids took place at five of its locations french investigators are looking into how much was tainted and how it got into stores and into baby food. investigators came in the early morning hours to check out luck talers headquarters their goal to help answer some of many remaining questions how did someone they like get into the milk powder and how did the tainted powder get into stores after the kids had fallen ill parents accuse the company of reacting too slowly they threatened to sue. we discovered that there was a proposition to compensate families that is before any traditional work at been done this would mean the end of judicial proceedings once again we won't give up on our complaint because we want to know what happened we want those responsible to be identified in this case. it seems that luck is recall was handled poorly for days

it was unclear which shipments of milk powder had been tainted and which ones were clean also some product made it into stores and even after the recall. the biggest risks worldwide not the world academic forum has just released its latest report here is more. what happens if harvests fail say due to the effects of climate change like too much rain or drought or due to diseases that can destroy today's low diversity crops that could trigger a conflict or a food and mass migration says the world economic forum's latest global risks report. the experts call it stream weather events and natural disasters the biggest risk factors for twenty eighteen in terms of likelihood and impact the next most probable risk for cyber attacks and data fraud and the failure to mitigate or adapt to climate change. the report identifies

a number of cyber security risks for the first time in human history a mouse click could disrupt global infrastructure the greater our dependence on technology the more the internet of things expands the more vulnerable we are to cyber attacks and twenty seventeen cyber breaches recorded by businesses average one hundred thirty per company the cost of cybercrime to businesses is expected to amount to eight trillion dollars over the next five years. cyber attacks don't only cost money they also target and paralyze critical infrastructure like health systems companies can lose innovative ideas of customer information through data theft. twenty sixteen alone saw the release of three hundred fifty seven million new malware variants banking dragoons designed to steal account logon details could be bought for as little as five hundred dollars while the w e s risk report

highlights the problems of the world's increasing interconnectedness it also warns about the risks of isolation and protectionism the risk experts want to convince this year's gathering in davos that withdrawing from free trade agreements is a bad idea the analysts say the global corporation is the key to a world that is stable and livable i don't know about you but i love taking my bike to work instead of public transportation but now digital technology is taking the headache out of commuting this is how. hamburgers light rail network is a good way to get to the sharing services are great it makes it easy to get where you're going along with links to private car sharing services there's an app that shows you all the other options. we want to create a platform that is more than display transit options it should let me complete the

entire process from leasing to registering and paying. hamburg wants to be a pioneer and smart mobility and intelligent traffic light system is synchronized so that buses won't have to stop at red lights. because the traffic control center software shows how to keep the rest of the traffic flowing soon the system will also tell motorists whether to speed up or slow down to hit the next green light. our focus is communication between traffic lights and cars the green wave concept will be replaced by a system that tells me how fast to drive so that i won't be forced to stop at a red light. in a big city millions of people are on the move every day. at the hamburg hafen city university researchers are developing digital models that can help architects and city planners streamline urban mobility. one set of

tools for example let's planners take residential transit patterns into account when deciding where to build this smart planning table is already helping hamburg improve the cord nation of its construction sites. we're very pleased we've had some astonishing results the program is very intuitive it's similar to a smartphone or tablet anyone can use it it's no problem and it's helped us a lot in terms of court nation. now any city department that is planning some construction work can see what else is scheduled nearby. that way they can keep some streets free of construction so that traffic will still flow. these may all be small improvements but they add up to a city that's on the move. spiralling fashion week and everyone is checking out the

latest trends this time it's all about environmentally friendly fashion and sustainability even though it sometimes looks like trash. you won't see many catwalk shows like this one by design or. at this year's berlin fashion week. instead groups of designers are joining together to present collections that focus on a specific thing like the stain ability. this dish fix is tops actually reducing waste is key the waste created by the fashion industry shouldn't be wasted. it's a resource and you just have to be clever about how to use it with care about them at all but. so is wearing our waste going to be the next big thing. maybe if these handbags made of kind of the leads are anything to go by. i hope wrote that it's about getting our waists and getting in this way so it's not going to be

another wait so if biodegradable these may look like traditional chinese dresses but they're made out of recycled plastic. by the wanted so it's trying to buy the i have to turn technique effect on montero and combine the transition out techniques at their. the young designers here are relatively unknown but they hope to spark a trend. here one for me it's an off work so if we want to get the new generation on board we want them to absorb all these trends at school at university in their first start up. so when they make the move to a big company they can take these ideas with them or introduce new production methods and make their ideas a reality if you don't often carving. wearable waste this big at the berlin fashion week and the organizers here hope will one day be part of the global fashion movement. thanks so much for joining us and see you tomorrow.

when i'm traveling to be comfortable. i also want to stay up to date on all the latest news events.

and d.-w. makes them hard to try to find. this because it's available thousands of hometowns resorts to ships worldwide. or have you found the domain side on the subject that shows the w in your room you can break rights d.w. dot com travel quits hijacking the news. more are going wrong with the news is being hijacked journalism itself has become a script is a reality show it's not just good versus evil us versus them it's why and why. in countries like russia china church people are told that it's that simple and if you're a journalist there and you try to get me on this you are facing scare tactics intimidation. and i wonder is that where work headed is well. my

responsibility as a journalist is to get beyond the smoke and mirrors it's not just about being crazy or for imbalance. or being neutral is about being true. money's worth of golf and i were getting your. stories that the world over information they provide the opinions they want to express g.w. on facebook and twitter up to date and in touch from the us.