the number one music streaming service spotify goes public off several key relationship with some artists the platform gets a smoother ride on wall street also coming up how would you like to start your working week like they stuck in a massive crowd spilling onto the tracks with nowhere to go their commute to chaos and from friends rail workers embark on a series of strikes that could months. on the cargo bike craze how more trades people are getting ahead of the possible diesel ban in their cities with pedal power. base is your business update on how long the humphrey of berlin thanks for joining me now that i'm a one music streaming service sort of boy has gone the public and off to a rocky relationship with some artists 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. do you 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 that's a lot of a lot of funds the ones i have spotfire. the share price underlines that spotify open it almost one hundred sixty six dollars per share that values the company it 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 turning 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 that spotify and among investors. let's bring in jose luis to add to our financial correspondent on a wall street now good to see you who is in the east now 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 a dog remembered about largo of all those so-called unicorns as is the case of it's not lost on 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 current year sporty also can benefit from various networks that will help the company increase its users and him as a valuable intangible assets especially with the user data and leaves an improper incidence of that said the company praises intense competition and has a cost structure that may lead it's profitability actually as a model is pointed out it will take years for the company to generate any profit at all was a least another trum renewing his attacks on amazon is that having an impact on the market. that's the case helen especially if 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 since strong first began targeted in the company last week. and stocks 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 dozens of 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 a server all scripts related to the white house yes indeed jose luis to add on wall street for us talks and thanks. confronts rail workers have walked off the job taking to the streets of paris to protest against french president manual mccall's efforts to modernize one of europe's top economies the stoppages will hit productivity and just as a report revealed on monday that foreign investment in france has hit a ten year high. when 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 godly on a major train station in paris. it's the first day of rolling strikes which are likely to continue for months. for most because this catastrophic something needs to be done we're 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 of a huge british. the walkout is a serious test for french president to manuel mccollum's reform agenda to protest these plans the country's four main rail unions are planning to strike two days a week through june but again i am reminding travelers to postpone their trips of

possible if they didn't receive a text message confirming their train is running a full month in the 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 a lack of rain has dealt a blow to the country's finances farming is often seen as economic engine in 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 at least a decade as a lady cut growth for cost of centers for and. the fields of dry the soybeans withering a catastrophe for argentina's farmers the drought has held since last november. that it might be best erratic but it dramatically because not only is there the

physical loss of grain yield but there's also the loss of quality that lowers the products final price but if you feel a little. pictures shot during better days they show argentina almost completely carpeted in green by its 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 key to argentina's gradual economic recovery but inflation is still hovering at twenty five percent and now there's the drought out of the e.c. 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 revenues and because of the diminished harvest in argentina and that's independent of what people will stop lying which also ruins on economy.

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 in to round your house you'd usually expect to see them turn up at a 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 faster and cheaper and could be a way a future. 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. i want a mercedes vito van and for my work i need one with a long wheels it's murder trying to find somewhere to park it no one might even face the 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 highness global 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 and right of elders 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 zero to do or take 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 the first somebody who didn't. go back to convince developed a triumph for the d.l.r. . and the company which supplies them to the test writers as a courier service it knows there's a lot more testing to be done. and then thought of getting a 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.

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