i think. the number one music streaming service spotify goes public off several key relationship with some artists the platform gets the right on wall street also coming up how would you like to start your working week like the v.a. stuck in a mass crowd spilling onto the tracks with nowhere to go the commuter chaos in from to israel workers embark on a series of strikes that could span months. on the cargo bike craze how more trades people are getting ahead of the possible diesel ban in inner cities with pedal power. base is your business update i'm helena home free by then thanks for joining me now the number one music streaming service also via has gone up public and after a rocky relationship with some artist the platform is currently enjoying a smoother ride on wall street attracting plenty of investor attention. spotify has

not earned a sense since it was founded in two thousand and six but losses of almost a billion euros didn't seem to put off investors. at the new york stock exchange hopes run high for the swedish company. we do think tomorrow is going to be strong for spotify it's you know it's quite a sexy stock it's quite a sexy industry. and the way that they've done it's obviously may mean that indexes are going to come through a lot of trade as a lot of a lot of funds the ones that have spots five. the share price underlines that spotify open it almost one hundred sixty six dollars per share that values the company at twenty nine point five billion dollars the timing for its i.p.o. is not ideal though. following facebook's data scandal the tech sectors reputation has been severely turn ishta was going to do this. us president donald trump's verbal attacks on amazon came as an additional setback.

still investors have high hopes for music streaming providers. more people are now talking about streaming it's easy to forget that just three years ago even in the us streaming wasn't really saying it was downloading songs so this helps educate the market and that's equally true across the world spotify and its competitors account for sixty percent of all buzy revenues and countries like germany offer them a lot of potential for further growth that creates optimism and self confidence at spotify and among investors. let's bring in jose luis de otto a financial correspondent on the wall street now good to see you who is ennui still a lot of enthusiasm right now this offering but is it a short lived so you will can we expect this to last. it's hard to tell how.

netflix of dollars are remembered about largo all those so-called unicorns as is the case of it's not lost nearly half of its value as for now spotify is the world's leading music streaming service provider and expected to reduce its losses in the car in gear sporty also can benefit from various networks that that will help the company increase its users the enemy as a valuable intelligible asset sales as he did especially with the user data and leaves an improper insisted that said the company faces intense competition and has a cost structure that may lead you to believe he actually is a model is pointed out it will take years for the company to generate any profit at all was a least another trump renewing his attacks on amazon is that having an impact on the market. that's the case helen especially we take a look at amazon shares the losses over the last couple days leaves a market value has fallen more than thirty seven billion dollars in strong first

began turgid in the company last week on choosing amazon stocks at search around one percent and these time analysts point out that any regulatory action especially if we're talking about any interest case should be initiated either by the department of justice or different all trade commission of which have announced any investigation so far that said fixation with amazon on its founder jeff bezos is not new since he has attacked bold the times over the last two years it's also necessary to take in consideration that vessels are privately owned that the washington post which has been very critical of trance administration and published are several scripts related to the white house yes indeed. on wall street for us talks and thanks. then from israel workers have walked off the job taking to the streets of paris to protest against french president emanuel mccall's efforts to modernize one of europe's top economies the stoppages will hit product to vittie and just as a report revealed on monday that foreign investment in france has hit

a ten year high. while investors in the country see the country rather on the road to reform but also the french and hoff opposed any change. tuesday morning at the god early on a major train station in paris. it's the first day of rolling strikes which are likely to continue for months. for most economists is a catastrophic something needs to be done with victims we haven't done anything wrong we need to get to work like everyone else this is normal. france's national rail operator s.n.c.f. says the strike will halt eighty five percent of france's high speed trains and three out of four regional trains. said i don't think we started every train station no direct trains a commuter was unwell and here i am heading to work and needing to rush away yesterday there's. no walkout as

a serious test for french president demand will not call its reform agenda to protest these plans the country's four main rail unions are planning to strike two days a week through june this will happen again i am reminding travelers to postpone their trips if possible if they didn't receive a text message confirming their train is running for more than a fifth production will. come and it's not just train workers electricity gas and sanitation workers in france are also taking part. to argentina now where lack of rage has dealt a blow to the country's finances farming is old and his economic engine a drought means that crop growth is stunted president he was counting on a new record this year to boost economic growth to three point five percent instead was expected to be the poorest harvest in at least a decade as a ready cut growth for cost of centers for and. the fields of bake dry the soybeans withering the catastrophe for argentina's farmers the drought has held

since last november. mr about a particular matter because not only is there the physical loss of grain yield but there's also the loss of your quality that lowers the products final price but if you put up. pictures shot during better days they show argentina almost completely carpeted in green bites soybean monoculture over sixty percent of the country's arable land is dedicated to the high protein plant it's a pillar of the economy until recently rising soybean exports were a key to argentina's gradual economic recovery but inflation is still hovering at twenty five percent and now there's the drought while the out of them you see really government is going to lose between three point four billion and four billion dollars in duty sold. so the immediate effect is that the state is going to stop receiving these revenue because of the diminished harvest in argentina and

that's independent of what people will stop lying which also ruins on economy you either will economy or. analysts say this year soybean harvest will be only two thirds the size of last year's the shortfall will drive up prices globally argentina is the world's number three soybean producer. all right now if you call a plumber will call round to your house you'd usually expect to see them turn up and i gas guzzling that you wouldn't necessarily imagine them showing up for a job on a bike but in some european cities it can be false to and cheaper and could be a way of future. his world the forty nine year old is a joiner in cologne he tries to work environmentally sustainably easy enough with his role materials not so easy with his transport. that's going to miss a veto van and for my work anyone with a long will say it's murder trying to find somewhere to park it no one might even

face a city center driving. city traffic air pollution valves just decided to test a cargo bike for three months instead he's constantly out visiting his customers repairing doors and windows taking parts to construction sites. think you need a small jobs. but germany's aerospace center the d.l.r. scientist your agrees he hopes the skilled craft and services traits will take to the cargo bike which could easily do up to forty percent of all short trips. testers like ryan yvel to have an app to report their usage and experience. hundred fifty cargo bikes are being tested throughout germany. we want to specially to enable employees of companies or public institutions which have never considered the idea to start gaining experience. after experiencing the advantages

that is a valid is leading the way as a former professional sportsman he's in good enough shape to step hard on those pedals and it works even if the bike lanes are sometimes a bit too narrow. well cars passed frighteningly close. to true i can go from door to door taking the same amount of time from start to finish but i don't have to worry about parking parking fees. or in a worst case damaging my van on the way so now that's a part of my budget for this year's. festivities. cargo bikes convinced a triumph for the d.l.r. . and the company which supplies them to the test riders as a courier service it knows there's a lot more testing to be done and then thought of getting bicycle careers on to cargo bikes doesn't take much doing but getting korea van drivers to adopt the cargo bike that's quite a challenge. join a reiner veldt or reckons he'll be using

a cargo bike for more than a third of his trips in future. he says it's faster and cheaper than his van and he won't have to worry about any diesel driving benz. thank you company.

i'm not proud they will not succeed in dividing us about not succeeding taking the people off the streets because we're tired of mistakes i shall be. taking the stand global news that matters. made for minds. it's all a winning. of it. comes. your link to news from africa and the world. your links to exceptional stories and discussions can you unload some stupid news cutting programs night from born in germany from the news of museums and while it's a demo to close the traffic out join us on facebook at g.w. africa. climate change. waste.

pollution. isn't it time for good news eco and africa people and projects that are changing eleazar mentor the best. so. let's. do it before magazine. long do you w. . loued the boob. tube. of the movie magazine coming up on today's show. a german kids classic finally makes it to the big screen and we give a film off to martin luther king the american civil rights activist who was

assassinated fifty years ago this week. but we start with a film that use.