failing to make. the insanity. is making a living in a. place. they make a commitment. they find. late in stronger. africa on the lower. stories of those people made a difference shaping their nation playing and their continental gaffer on the

move stories about motivational change makers taking their destinies into their long am so good w. multimedia series for a guy. named doug. the most. shares in atlanta year the company which owns the operator all the genuine motorway bridge shade over twenty percent as a row mulls penalties also coming up when it comes to paying with a smartphone a high tech country germany still locks behind the curve. on the cusp of change here. alone welcome to your business i want to jump in berlin and we start with italy where the government is looking into options to fine infrastructure

group atlantean of a company that's linked to the bridge collapse in genoa atlanta shares traded on the milan stock exchange their value plummeted this morning and trading was suspended twice atlanta is the parent company of out there which some are blaming for the disaster the italian government has threatened the company with heavy fines and is demanding it contributes to the bridges the reconstruction artist the artist says it conducted regular safety checks investigators have not yet established the course of the collapse. let's cross over now to our financial markets correspondent ali bacher standing by for us in frankfurt or you kept an eye on atlanta shares all day long how did that day end. well with a loss of twenty one percent not as bad as it was for some parts of the day but still meaning that so much value and the share was wiped out so the investors

basically dumping the share at any cost because they fear that in the aftermath of this catastrophe that maybe even the business model of atlantic will be in question here and the government the deputy transport minister spoke of three options maybe a combination either read revocation of the license for all the concessions or just for this part of the road that was affected or perhaps a penalty and he said that a penalty of one hundred fifty million euros would not be enough that's apparently the sum that's in the contract so that the future is uncertain for atlanta and the stock market shows that very clearly today when all the big company seventy a big name german chemical is a heavyweight to buy a soft nigga may go losses on the stock market what's the reason this time.

yesterday the stock tanked that one down by about five percent and since the beginning of the week the loss is totaling now about twenty percent and that fifteen billion euros of stock market value wiped out well it's monsanto the company that it took over the girl chemical company and the weed killer that was a big seller with monsanto well that's creating legal problems because people claim it created health problems for them a groundskeeper who had to use the weed killer professionally got a damage. ruling by a jury in the united states to the tune of two hundred ninety million dollars and there are thousands of possible lawsuits out there so investors really worried that this could hit buyer in a very big way maybe not the best investment we'll soon find out when he bats in frankfurt thank you so much. china and the u.s. will hold lower level talks later this month in

a bit to resolve their escalating trade dispute chinese markets and currency have suffered losses in recent months with investors spoked washington and beijing stick for terrorists. the chinese economy has lost steam in recent months washington's tariffs have put a damper on investor sentiment since the last trade talks between beijing and washington in may the shanghai composite has declined more than ten percent and the u. one has been falling to the chinese currency has slumped over the past few months it has fallen more than eight percent against the greenback since last may but the u. once fall has also helped cushion the effect of tariffs by making chinese goods cheaper that is another sore point for washington which has repeatedly called on china to strengthen the u. one and it's also demanding beijing to make concessions to lessen its trade imbalance with the u.s. so while these low level trade talks are welcome news analysts warn they may take

some time before the two countries come to a truce. you don't know which a shopping at the supermarket and at the checkout you simply tap your phone against a card reader the money is taken off from a credit card and that's that sounds familiar well almost twenty percent of people in the united kingdom south korea already use their smartphone to pay their bills in china it's even a quarter of the population and within the next four years these numbers are predicted to grow even further so that almost half of china will use payments it is a very different story here in germany where mobile payment is still few and far between but the country's banks would like to change that. michael comrade's likes to drink coffee and what the professional legs even more than drinking his coffee is paying for it not with cash or cards but with the smartphone. and the fascism my wallet is heavy and bulky

just the fact i don't have to reach for it is super comfortable it's a lot of fun to pay even though i'm spending money at it just because it's a completely different experience than paying with cards. because. it's an experience still rare among germans. cash remains king in germany where currently only two percent of customers pay with their smartphone those who don't don't see why they should and as with most new technology people worry about their data. i only bought my smartphone this year for safety reasons i'd say it's too dangerous because of data protection to be fairly recent and momentous when i try to pay in cash as much as i can so i don't leave traces everywhere this medicine is to ok for me with all the data on everything. but slowly the market seems to be changing mobile banking and twenty six for example was one of the first

to partner with google to bring smartphone payments to germany in late june. we can definitely see that there has been a strong need for users to have this feature because you have seen very very great time operates on the first couple of days four people have actually waited for that and. if i look at also how the future's continuous use we have very happy with the feature that said n twenty six is a trendy fin tech startup popular with young and digitally seventy customers it's no great surprise they're embracing mobile payments. but the long. established german savings banks are also making the move to launch their own mobile payment app or to most of their customers which means millions of germans could as of now pay with their smartphones could the times that meant because human payment methods always evolve along with customer's needs and these are very diverse there are many

people who still want to pay in cash so we always offer the full spectrum of payment methods and it's like the new technologies will have more and more of an influence. the mobile payment feature has been available since early august first results so it's not only young digital natives who are using it so maybe next time michael comer out pops out for a coffee he won't be the only one reaching for his phone. all right let's talk with us about this now with your get he is a finn take expert a block or a speaker found a co-founder of startups and you've got plenty of experience some twenty years in with take mobile payment of course right from the start tell us what your experience with germans and embracing new technologies well just take longer and they like cash from the point of view of the mobile payment. is is i would say hype for them for the time being it's starting in the in the tech environment the

younger generation is embracing it but not yet in vast majority of the population and where do we stand in a european context we know that asians are already very advanced if you look at the nordic snogs are way more mobile phone addicted and therefore therefore some women mobile payment addicted of course the eason's is a huge market a lot of asians use mobiles mobile pencils like ali pay and we should pay that is far far beyond germany so if you say it's a generation thing especially here in germany how can young people actually use their affinity to technology in the infrastructure that we have. basically the infrastructure at the terminals of the merchant is already existing so i can use contactless cards i can use my contactless phone that is all there and that it's just the mindset of the people and changing their habits and that it's long so i mean i have to admit i quite like having cash in my pockets why do you think that

is it's i think general german. habit of the post-war generation who actually is very much addicted to control and and cash the younger generation that grew up with mobile phones and computers doesn't have that strong cash behavior anymore what about data security the security of everything that i i pass on i mean germ is a very particular item there as well but do they have a point of course they always concerned about security but if you look at mobile phone payments especially apple pay and others they actually offer a higher security compared to cards because every time this your mobile phone there's a new card number generated you do authentication with your face or your fingerprint so it's actually way more secure compared to america and when do you think germany will be like have twenty twenty five percent of its people using mobile payment how many years for that's a good question maybe in five ten years we going to see some sizable number of

germs using its special and younger generation so it would be advisable to invest in that infrastructure now let's say as a shopkeeper now actually most of the shops have the infrastructure already delivered today it's the contactless terms that are mostly already deployed no ok no the shops we just have to go for it you can see get to their fin take expert thank you so much thank you. and that's your business update here on the w at this hour thanks for keeping us company.

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fleet are allowed. to build a super consumable. the devil and rock n roll stones all these nineteen d w. hello and welcome to the latest edition of in court africa pan african magazine brought to you by charles t.v. daughter bella and kate's here now it's i wait at the end of it's a kind of park in lagos nigeria and as always i'm joined by my colleague shower hello this hour.