by regularly drinking a lot as well as getting some shade if we're not actually outside and also regularly taking off our protective gear. he says but anyone able to find a cool place in the capital these days should count themselves lucky. way back in just a minute with business is get hot debate joining you then thanks for being with us . they make a commitment. they find solutions. they conspire. africa on the moon. stories for both people making a difference shaping their nation. and their continent of africa on the

move stories about motivational change makers taking their destinies into their own hands. d.w. multimedia series food for a cause. dot com or go. chinese not welcome why germany thinks it needs to stop protecting its industry and infrastructure against takeovers from china. and the battle for world domination in the smartphone sector china is well way over took apple in the ranking of the biggest smartphone makers and what it means for the maker of the i phone. what a sellout how modern art and the business of our both complement and contradict each other. this is the the view business i'm god of us welcome

last week the german government block the sale of a stake in one of its grid operators to china citing national security concerns now it's decided it has the power to veto a takeover of the machine to make a life felt by a chinese investor if necessary a government source told reuters china's young tie was a step ahead and to support the rejection it now dropped its takeover bid. life shell which produces materials used in the auto and aerospace industries now plans to float a majority stake in the company instead of selling to chinese firmian time a government veto of the deal had been widely expected that was the recommendation of the german economy ministry following a months long review. only last week the german government prevented china's state grid corp from taking a twenty percent holding in electricity grid operator fifty hertz the german state

own k f w bank bought the stake instead berlin was uneasy about handing a major chinese investor some control over the country's power grid some analysts say that hindering outside acquisitions could backfire on germany whose companies want access to chinese markets. sensitive a delicate topic. for our home when we do get our government to very responsible but at the same time respect that there is a need for having open markets. for having good relations to time. the government says it decides each takeover case on its own merits but it's chinese acquisitions that have received special scrutiny. well with me in the studio now as your president of the international business school. here in berlin welcome. do we really need to be boring about chinese investment in germany first

of all and this should be really the focus it's very important to attract chinese investment as important as it is to half german investment in china so therefore it's very important to foster the trade and investment relationship with china if at all it should be really very unique very exclusive cases in which such measures are taken let's have a look at the last one. thinking beyond blocking the fifty takeover last week it's a grid operator is berlin more the beijing will switch off the lights here it may look like but what is very important about this case is that it's actually not really the law that would prevent this takeover so the law would require a twenty five percent stake before actually the government can take any actions in this case it would have been only twenty percent so therefore. d. to a was taken by including the state on case w. and it right because it's a bank so therefore it's very important to keep it really keep clear rules and also

apply clear rules because as i said it is it should be very unique and in those unique cases it also should be driven by rules rather than discretion what's more of a concern here for the german government the drain of intellectual property all possible control over critical infrastructure it could be a combination of both even though from a legal perspective it can only say any enough intervention can only be justified based on security concerns not of intellectual property rights because obviously this could also go the other way round and it should be the case that there is exchange between both countries also on those dimensions do you think i mean they the drama government has taken this sort of circumspect road to to block the sale of fifty fifty that's a bit of an unfriendly act towards china isn't it and this is why it needs to be taken so carefully i think it is so important to have clear rules and maybe we need to adjust the rules but everything we should do should always be based on rules rather than discretion and thus it's also important that the reciprocity that we

rightly soul expect from china is also actually take into account on the german side. do germany happy with the misoprostol what you just said about german companies investing in china so germany has increasingly and consistently asked for reciprocity in china the chinese government actually has reacted to that not to the full extent but we see more and more of an opening for example b.m.w. acquiring more of a stake in a corporation pop not b.s. actually investing in message on a massive scale in china so therefore what they are signs which may also be reflecting the fact that china's on the pressure from the us to open up the market so therefore we should actually make sure that we won't become attackable germany won't become attackable for being seen as discretionary. thank you very much for this inside thank you. chinese smartphone maker huawei just replaced apple

as the number two smartphone maker worldwide last quarter while they sold slightly over fifty four million devices in comparison apple only sold forty one million it's been well as long term goal to surpass apple and claim the number two spot in smartphone sales worldwide the number one is still being held by some so selling a little more than seventy one million small things the news arrives on the heels of apple approaching a market valuation of one trillion dollars. great check on the markets with frank. power how important is that piece of news. taking over the number two spot how did they do it just by being cheaper. well how important let me ask you in turn do you know who weigh three years ago it's ok if you didn't because most people didn't only three years ago hardly anyone knew the company now

it's got fifteen percent of the market share it's kicked down apple to number three this is the first time it's not samsung and apple at the top and yes they are you know producing cheaper phones the phones all look the same today they're all block phones you know you can hardly tell the difference by just looking at them cameras are pretty good you know and even a cheaper phone can do what most people need so that was a big advantage. for four way it specially is on our brand was strong this quarter it shipped a lot of these phones to outside of china and so that helped advance. apple published still if it was a tuesday with smartphone sells stolen how does that make so much money then briefly if you can. it's by tying people to its brand universe you know first of all very expensive phones people bottom anyway second of all surprisingly smart watches and they're in the tourist year but they're also selling fast that sector

grew by sixty percent and it's all within that apple universe and that's where apple is trying to keep its numbers. problems in front of thank you. economic a tesla says it will plow five billion dollars into a chinese gigafactory the first of its massive battery and cars plans to be built overseas the report from bloomberg also says tesla may raise some of the cash in china use the falls just ahead of tesla's quarterly earnings report due later today investors have criticized the california based electric automaker for burning through cash and missing production deadlines just yesterday there were reports tesla was in talks with german authorities for european factory is what. follows is earning more than ever before despite the diesel scandal and the costs involved the group six point six billion euros during the first half of this year

that's two point one percent more than during the same period last year but forbes warns the second half of this year could be difficult it could struggle to comply with new emission standards applied in the e.u. starting september stars and already produced cars are currently waiting to be tested comicon said tariff disputes could add additional problems. now what if you could buy fine art in a supermarket something that is meant to be lasting in a place filled with consumables that's what british art is losing sparrow attempts with a new show in los angeles sparrow is a comment on the age old theme of the art world the relationship between us and the business of art. welcome to sparrow mart the fruit isn't so crisp here but the soft drinks are well especially soft. everything is handmade with felt in lucy sparrow's exhibition that opens today it's a playful commentary on consumer culture and the disposable nature of our everyday

lives instead of scale ability and efficiency spero mart is about individuality and painstaking work there are more than thirty one thousand grocery items here each with a little soul as pharaoh says she's exploring art as a commodity it's not a consumer product every item is signed and available for purchase. there's also an a.t.m. and checkout both covered in felt i think that is a huge amount of the art world but it's about money and that seems to be almost a to use object with the art you know it's got to have the integrity but obviously that's there's a huge art market out there where people purely by to collect and i think that's as much a part the art world but don't mistake sparrow mark for a cynical cash grab the artist says it's about making art accessible it was always very important to me that people could buy it people that wouldn't necessarily know many by art they could buy something for thirty dollars well at fifty pounds

anything like that they could take it home with them. and they have that for the rest of their life i don't think many galleries that you can come and do that and this is the last time i'm going to do that because it is essentially quite unsustainable in other words there's still a big difference between art and the supermarket candy aisle. and that's it for me on the business scene in berlin all of course have an update for you in the next up before you go here's a little time check on the global markets at this hour thank you very much for watching state of your business but i. want.

to. kill bags for a summer vacation special through germany. we say the house both through the mecklenburg lake district. admire casas on the rise. and chill on into a constant stream. next w. . land

a commodity covered in my name to be jewels and big business. speculators are out to reach profit. as space becomes increasingly scarce. the global competition for precious resources. may. in germany in sixty minutes. earth. home to millions of species a home worth saving. on those are big changes and most start with small steps global ideas tell stories of creative people and innovative projects around the world like to use the term to convert jews to green energy solutions and

reforestation. they create interactive content teaching the next generation about environmental protection and more determined to build something here for the next generation global ideas the multimedia environment series on d. w. . welcome to a special summer edition of check in this time now a seasoned traveler look i still get exposed holiday destinations all.