it is a crucial role for the club he has scored eighty goals in nearly two hundred fifty league appearances. a quick reminder of our top stories here at g.w. are many in protest leader nico caution young has been elected as the country's new prime minister in victoria has drawn huge crowds to celebrate in the capital the site of the mass protests that forced the prime minister to resign last week. after a short break this is coming up monica johnson will find out what germany is planning with record tax revenues. by endorsement leipzig to get your favorite team so we've got all the best goals we've got all the action the job is the home of german football here the experience every met. someone just legal every weekend here w.

d w true diversity. where the world of science is at home in many languages. for a lot of programming going there in the show you have you know with us our innovations magazine for. us from every week and looking to the future dot com science and research for. i think. germany can expect a record amount of extra tax revenue in the next five years but don't expect too much public spending says the german finance ministry we talked to an economist about the sense or nonsense offer german frugality also coming up german flagship carry a look tonsil had a bumpy year but left it was profitable than ever but analysts warn of turbulence

ahead. welcome to d.w. . business starting with the good news first and germany's flourishing economy keeps pumping money into state coffers leading to much more tax revenue than previously forecast and now the bad news the finance ministry has warned against too high expectations for public spending let's look at the numbers an official report to be released tomorrow suggests the german tax revenue will grow from its current level of six hundred seventy five billion euros to keep counting nine hundred billion euros in the year twenty twenty two that substantially more than what officials in berlin estimated last november germany's bulging coffers are impressive but they could also fuel further debate on the distribution of government funding germany's e.u. partners are likely to criticize german frugality once more and the international monetary fund has made it clear on many occasions that it wants germany to spend

more on infrastructure child care refugee integration as well as introducing income tax cuts now earlier i spoke to fabio lindner an economist working at the macro economic policy institute of the huns a burglar foundation which is close to the german federation of trade unions and i asked him why germany's european neighbors as well as the i.m.f. are so keen on berlin increasing public spending. it's because we have those huge exports of places that means we export so much more than being paul and we need government to spend more money to create more domestic income and then part of that income will flow into imports and increase. crees income abroad and this is something that really europe needs badly because a lot of countries are student crisis mode so this is one of the reasons of course in recent years we've heard that consumer spending in germany for one has increased

significantly actually and to the new coalition government already agreed to increasing spending on education are indeed digitalisation on families agriculture mobility and of course defense so what's missing so they say they will increase a lot but if you really look at the numbers it's not really so much what we've seen recently with a new budget coming out from the new finance minister we see even a slight decrease in infrastructure investment and infrastructure investment is really one of the most important things that we need at the moment our public infrastructure is falling apart and has been doing so for the last fifteen years and we even see a decrease in infrastructure spending and this is very sound we what we basically do is that we have high so pluses take surpluses but we don't use the money affected to do something for our crumbling infrastructure so in terms of infrastructure because that is a recurring theme do you think that the government is taking a risk by not investing enough it absolutely is there's so much missing it's really schools are crumbling roads are crumbling this is bad for education this is bad for

companies question the companies in rural areas the small medium companies the backbone of our economy who cannot transport the products to the customers so also in terms of the digital networks in terms of energy networks we have a huge problem and what about tax cuts income tax cuts corporate tax cuts perhaps something the i.m.f. is asking for so what we do have is this debt. breaking our constitution which basically prohibits us from running deficits this is and if we would cut taxes now we would have decreases in tax income which would make it even harder to increase spending on infrastructure so i would very much to spend more on infrastructure because this is really something that is worthwhile for the future of germany's economy now of course the finance ministry which turnaround as a look at all those challenges that we're facing right now brics it nobody knows how that's going to play out then we have

a possible trade dispute with the united states and so forth is now the right time perhaps to say for a rainy day. not really it's quite the opposite we have two things no domestic economy because we're exporting so much and since we see a lot of danger to our exports from the u.s. why a break that we need to strengthen our own domestic economy and by spending more on infrastructure we would expect that all right that would be the advice to the german finance minister from fabia lynn from homs book foundation thank you so much for being here today. well more passengers more coghlan more profits than ever before twenty seventeen was a bump a year for tons of c.e.o. has plenty of good news he can share with the carriers shareholders today at the annual meeting but aviation experts say the challenge for germany's flagship kerio will be to keep the good times rolling beyond the end of the year look turns is flying high on the back of its twenty seventeen annual report germany's leading

airline carried more passengers than ever before and it defended its position as europe's largest carrier thanks to higher income in its cargo logistics and maintenance units of terms is looking at the most profitable year in its history. the bottom line is that lufthansa saw net profits jump by a third to almost two point four billion euros and its free cash flow which allows the airline to maintain its fleet and pay for new acquisitions almost doubled to two point two billion euros and that's cash lufthansa needs thanks to millions in additional costs associated with acquiring parts of defunct air berlin left turns his numbers were also bolstered by lower than normal write offs last year that situation will likely change the airline is also likely to face turbulence in the form of increased competition in its long haul services and an image problem at its

u.s. alliance partner united airlines. a moral of tons and the aviation sector i'm joined now by aviation expert yes flatow who is the uncle shareholder meeting in france good to have you with us so what's the main message you're hearing there. but obviously the main my space are just very upbeat given the figures that sort of just discussed but there were also there was also a lot of talk about constraints constraints to growth not enough pilots it's even harder to get it's hard to get new flight attendants enough aircraft there were there was a lot of complaints about frankfurt airports the main hop of lufthansa because of increasing delays the quality of service c.e.o. costs what was talking about transferring more the flights from frankfurt to other hops in zurich and vienna and munich so it's not all good it's very successful

obviously but the success brings problems that haven't been anticipated to that extent so so what exactly. what those problems are there anything on the scale that. struck in european competitors like ethanol scaling have to deal with. no no no i mean this these are the problems that come with success and that's a big difference if you look at our frost historically there were three big legacy carriers in the in europe british airways now international runs group. scale and the such a group of these three two are very successful r u g tons of course alfonse is in deep deep trouble following the union and employee votes just earlier this week it's a rejection of the paper pozole mate on management so in that sense looks on those in a great spot very successful but it has to deal with the constraints of infrastructure

employ employees and aircraft and i believe that looked and so is the interested in expanding there's rumors that it might be interested in buying alitalia anything to that. or you know i mean basically looked on the established euro wings as a platform which will buy carriers in the future but i don't believe alitalia is going to be. targets any time soon there's there's been an expression of interest. saying that they would look at. but i'm not in the current state it has to be restruck church and there has to be a government in place in italy that can make a decision and none of that has happened so far ok so no immediate plans to use aviation expert at the time to annual shareholder meeting in frankfurt thank you so much. and at another annual meeting today shareholders in germany second biggest lender. to choose an entirely new supervisory board as its head close peta

steps down off the cuff a century with the bank collapse bank hopes to put a raft of problems behind it it's still reeling from the global financial crisis when it was saved by a government to bail out the german government still holds a stake but comments on plans to start paying a dividend. again this year despite slumping earnings in a beach to boost its share price. well u.s. president on a trump can't be pleased about this but since he told office in january last year china has sold considerably more goods to the united states and buys the despite of the hefty tariffs trying to plans to impose on chinese imports and the gap appears to be growing now just to look at our two shopping carts here as they come in in the first four months of twenty eight hundred china's trade surplus grew to more than eighty billion dollars that's around nine billion more than the same period last year another interesting story i would like to share one of the biggest take i

was in the history of the pharmaceutical industry is about to roll out after months of negotiations taking over irish rival shi'a will make tacky dow the ninth biggest pharmaceutical company in the world and the deal is valued at sixty two billion u s dollars the most a japanese company has ever spent on an overseas acquisition to kenya is hoping to gain better access to the global market but some analysts are skeptical about the breathtaking amounts and techie to is currently valued at just thirty three billion dollars and that is your business update here on d w you can always find out more online thanks for keeping me company.

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