siemens sends out a bleak warning to his global workforce comes to cut thousands of jobs have become even more urgent the german giant caught up in the international shake up of the energy sector also coming up a golden era in economic ties that is how the british prime minister describes the relationship with beijing she tries to drum up trade but does china go the same way . and high tech topless going all the days of her loops and train sets we take a look at how kids tastes in toys are changing. this is your business update i'm helena humphrey in berlin great you could join us job cuts at a time of higher profits it's certainly a hard sell and ones even as is attempting to pull off now it's key industrial power business is stuttering along but its other segments are making up for the losses thanks to a global upturn that's not stopping the german firm from slashing jobs worldwide c.e.o. joe k.'s argues there's

a lot to do to make the company fit for the future but that is not going down well with the protesters because at the same time as operations would be wound back in germany the emmons is embarking on new ones in the u.s. the demonstrators going to huge lengths to make sure their voices are heard. workers from the eastern german town of gurlitz cycled hundreds of kilometers to the annual shareholders meeting in munich they're determined to fight back against plans to cut their jobs with them from the few of those who are fighting for a future and as long as we continue to do so and see a chance we're going to keep going. seaman c.e.o. joe kayser pointed to market trends in his defense of the cuts. the declining market for fossil fuels is not temporary it reflects the expectation of a dramatic development which we can and must address with structural measures. siemens

is planning to shed a total of seven thousand jobs worldwide mainly at its power and gas division half of those cuts are set to be in germany. for the workers affected it's a bitter pill to swallow especially at a time when siemens is posting solid profit overall. now the share of the u.s. federal reserve janet yellen is due to step down when her term expires at the end of this week yet it was the first woman to head the federal reserve took up the post in february twenty fourth teen legacy includes slowing down the quantity of easing regime which have criticized ben bernanke introduced in twenty fifteen she also raised interest rates for the first time in seven years jerome powell will succeed yellen and he's not expected to rock the boat too much with his views aligning closely with yemen's. well let's bring in our man on a wall street now yes quarter is standing by for us as ever and always nice gains

we've also had that meeting all of the fed today what came out of it. the federal reserve knowledge that the u.s. economy is continuing the past of grows and they did change the tone slightly from moderates to solid solid growth when it comes to the job market when it comes to overall growth when it comes to consumer spending and old so business investment still no changes in interest rates but that was expected we might see the next interest rate increase at the next meeting march twentieth and twenty first so it was not that eventful the last meeting of janet yellen and the future is a bit uncertain because not just janet yellen but also two other senior members of the federal reserve will leave the fed and the new team actually will be the least experienced probably in decades so the next meeting the first time under

might be a bit more exciting than what we saw here on wednesday all right now all eyes only is wrong the state of the union address it was the third longest in history question as to animate the markets open for them. grows grows grows jobs jobs jobs that was one of the key messages from the u.s. president and overall wall street likes what it is seeing so far and we couldn't even have seen an impact of the big tax reform that donald trump got through congress. last year but also he was not too specific how he tries to achieve his goals he did talk about an infrastructure program in the amount of one point five trillion dollars how he's going to finance that precisely is rather unclear and we did see a pretty mixed session here on wall street and one sector was under pressure and

that was the pharmaceutical industry because donald trump mentioned a couple of times that in his believe drug prices are far too expensive how he's going to change that is unclear but we did see pressure on the stocks of the big pharmaceuticals his course in a new york for us thanks a lot and british prime minister theresa may has hailed what she terms a golden era in economic ties between britain and china this year and have visit to beijing focused on drumming up new trade ties as the u.k. ready to leave the european union. they signed agreements on everything from food imports to education britain's imminent departure from the e.u. has prompted prime minister to resign made to seek to strengthen ties elsewhere. in terms of the future for the relationship between the u.k. and china when we leave the european union we've today agree this joint review of trade and invest joint trade investment review which i think is

a good step towards looking towards what our future trade relationship can be when we have that freedom outside membership of the european union being to able to organize as arrangements for ourselves on a bilateral bilateral basis chinese premier league on the other hand played down the impact of bracks it insisting that the relationship would not change as a result so that. but the numbers suggest otherwise the two countries are expected to sign business deals worth over nine billion pounds before the end of maize visitors improving access to the chinese market and removing trade barriers are top of the agenda. may also stop by a university where she unveiled plans for a teacher exchange program at a campaign to promote english language learning in china. as britain i thought up a new relationship with the world's second largest economy it's the younger generation of both nations that will feel the biggest impact. and

is being hailed as a landmark vote by conservationists off to china now hong kong is banning the sale of i really is one of the biggest markets in the world and has direct links to commercial scale elephant poaching in africa potentially a big step to save the beautiful great giants. the colorful crowd of anti ivory protesters had gathered outside to welcome the decision under the new law the maximum penalty for selling ivory is ten million hong kong dollars around one million euros on top of that the offense carries ten years in prison. the world wide fund for nature welcomed the vote but said that the fight doesn't stop with the legislation this was showed the commitment bark hong kong government to all. the african elephants one of these need to make still

is a step up the enforcement to make sure that there would no longer be and the eco trade into hong kong or through phone calls and what we want. to happen is that. the commercial bank and the free trade would spread to other asian countries the ivory market in hong kong is one of the biggest in the world despite attempts to control the illegal ivory trade there is evidence hong kong's market has direct links to large scale elephant poaching in africa wild aid a nongovernmental conservation group estimates up to thirty thousand elephants are killed illegally every year they want kong's always been a very legal one like very specific me. illegal ivory trade anyway i went as a market legal irene and always mobs behavior and illegal trade that's what's been happening for years been happening like that case. but as one market

closes traders in the illegal ivory will search for a new marketplace and last november the trumpet ministration reversed a ban on the import of ivory to the united states. the wilds biggest toy fair takes place in here i'm back ichi and how it started back in. nine hundred fifty and since then it's become a platform for the latest trends in kids' toys now back then we were talking hula hoops they were all the rage then came claim of bail an electric train sets now while high tech is taking over so here are some of the top trends for twenty eighteen. robots are gradually rolling their way into kids' rooms new technology is the norm for today's children and it's becoming an increasingly important feature of how they play the little machines can even be programmed instead using apps it's the adult world in miniature. even traditional toys are

getting a high tech make over like biggest for the sand pits and even board games where your smartphone or tablet instructs each special agent what to do next will skew towards why is are they there are two worlds classical toys and electronic toys they're developing side by side and as they do they're creating new possibilities for toys all of which is bringing exciting change here to mrs server if you think gaming generation has a long enjoyed bringing a virtual edge to real world fun like teaming up to play laser tag and linking up to sixteen players with small phones and wife i believe mark but there comes a point where kids just need to get moving no matter how old school that might be but. that's it you're up today with the latest from the world of business for more find us on facebook photos on twitter at b.w. on the school business on there as well head on the see how free is my handle and

i'll be back tomorrow same time same place in the meantime here's a look at the world markets right now over.

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bush by the way germany is a strong country. that we have achieved so much we can do this and if something henderson says we must overcome it. going where it's uncomfortable global news that matters t.w. made for mines. ah you look back to sarah's music i mean how valid cuba for the two thousand and seventy mozart festival yeah and i'm spending all day hanging out with these fantastic have on the horn players.