mood for a cut all yes because it was in my yard much too close for comfort for me all right you're watching the news still to come. a wakeup call for a germany's banks a new player has just gone to a big name lender off the blue chip dax l. fers is up next with the details. and i'll see you again at the top of the hour. i've attempted going on a polar expedition. don't miss the story for john jay should johnson takes you along on a thrilling moonshining journey each week if you can stomach toniest and looking.

over his story on instagram. being a fun beethoven. his work in the goddess fortunato. the mind straight and to. be told in the first twenty. goodbye come out spock and hello what a card as germany's second biggest lender is on ceremoniously kicked out of the blue chip index dot spine online upstart we ask is germany's economy too dependent on all suction business models. give me the money and quick as argentina goes by.

going to the i.m.f. for more urgent emergency assistance the argentinean economy is just one step from the of business. is a state of your business as well come why a car the bavarian firm specialized in online payments is set to nudge germany's second biggest lender commands bank out of the blue chip dax index today is the latest sign of plucky fin takes out shining traditional banks why a card makes software for cashless and consequence payments the company actually started up processing card payments for gambling in panola few websites and now some of the biggest games names rather in the business are using its services. but munich airport chinese travelers are known as an avid buyers of luxury goods just before departure. since recently they've also been able to pay with early pay or we chat chinese payment systems. this watch merchant process is the transaction

through the wire card company. germany's why a card takes a one point six percent commission for the service. on the phone thanks to begin with it looks relatively easy and all the trader has to do is integrate a little software like that you also have to look very closely at the security angle when you hear about how much data gets stolen we have to look after the data that means we have to make the corresponding tests in the data centers and get it all set up. and why a card is growing along with it the company employs five thousand people what piece i t specialists at its headquarters are discussing their expansion plans for the u.s. . under short while ago wire card acquired a transaction banking provider in india. to boom an online retailing is boosting wild card profits all over the world as retailers line up for the company's software solutions. and capturing the three in the c.f.

i think we've always known very well that we need to move into markets are going to expanding rapidly john but we have to offer solutions for the customer only needs one partner and by focusing firmly on that approach then i think we've got a good point as to the direction to take on that list was the key and big lies cementing its market position why a card also offers a host of other services including risk management call centers and customer loyalty schemes. that seems to prove data is the new while so is germany's economy top. date it because if you look at the most successful companies in the u.s. you find to run a relatively young companies names like amazon google apple topping the list if you look into germany most of the top five of the german economy were founded before one thousand nine hundred sixty out of the docks by an upstart i think in some ways

certainly gearhart i mean this is one of the docs originals leaving the docks and this is obviously digitally based company or a company that is focused on digital solutions here. at the same time i think it's long fair to say that it's comparable to an amazon an apple or google these are massive corporations in the u.s. where there is a much more active tech financing scene and they are true disrupters if you want to use that cliche i mean they've made things that are completely changing revolutionizing systems why are card has found a very lucrative market in payment systems in the way we are going more cashless very nice that's right very nice but it's the upside is massive and so it will do well and that's why it's up in this position is because of the optimism behind it but what does that mean for combat spog and also for other companies if you're a customer of come out spawn then you're probably not going to notice any changes from its losing its position on the dax what it means for the company is of course that has to reassure investors as i just said you know your position in the dax

your your valuation is based so much on not just what you've done with your business or sort of what's been following your business and your results but also by what investors see going forward and while the c.e.o. of comments on has said we're going to stick to our plan we're not to let this worry us we're going to continue with our digitalisation plan this obviously says that investors don't believe that that's going to happen fast enough or that's going to happen in full and so they need to be able to convince investors that they are moving towards a future where they can compete with more nimble competitors so you think this is an exception or are there other fin tech companies sort of lining up to to give the older lead the painful kick in the box at. in some ways that is an exception because if you look at german companies as you mention a lot of them are very manufacturing base industrial sort of giants if you look at tech companies and german these are a lot of times biotech content they're still manufacturing something and even wired card again not this huge disruptor but at the same time i mean there are there is

this burgeoning in twenty's there is this burgeoning fin tech. sector there and i just mention in twenty six this is one of the ones that sort of the stars of the german and then tech sector they are making an appeal for the retail customers of the big legacy banks but putting it all on smartphones and so they're really appealing to younger bankers and they threaten the launch of these sort of dinosaurs in some ways so they have to watch out for them you see last question do you see any any particular one to a shelf full of the syntax i mean i think i think it would have to be twenty six is the one that you know investors tend to sort of star because it again sort of gets into this retail sector which is so important retail investment but really across the world you see what you see is sort of an unbundling of services that these big banks are providing providing multiple insurance you know retail lending all of these are being provided piecemeal by little thin tech companies and so they have to watch out for all of them they have to respond and perhaps even acquire some of

them to take on those skills student is there thank you very much. i'm going to us and tina which needs money when as i was negotiated a loan from the international monetary fund in june to stabilize the economy but just three months later it wants to renegotiate because things are getting worse and the i.m.f. says it's ready to do more offering to bring forward the payment but first the two sides need to come to the agreement in washington today. a cheerful reunion but it wasn't long ago that christine like out a nickel asked to have me a free the fifty billion dollar loan but now they're back at the negotiating table the first third of that loan was already paid out in june and the next installments are scheduled for the coming months but that's not fast enough for the argentinian economy minister he wants the second tranche in the next few weeks otherwise his

country faces insolvency when. we're talking with the fund about how to continue advancing so that the impact of all the support that the international community has given to us when we close the agreement in june can materialize into an improvement in the fiscal indicators in argentina record and listen because if you don't see it goes. the i.m.f. says progress has been made and it's willing to make concessions it says it's hoping for a quick agreement but time is running out the peso has lost more than fifty percent of its value against the dollar since the year began on tuesday the central bank sold some three hundred sixty million dollars in foreign exchange reserves to support the currency but to little effect. the government has raised taxes and it's cut costs several ministries face the axe. but that's provoked angry street protests along with calls for other forms of intervention as the financial crisis worsens the catholic church has called on the faithful to pray for three days.

japanese animation and comics or early may become well known around the world in the last two years and also become the big business there's a growing multibillion dollar market in china for comic books and animation and the best is on show at the moment at the b.b.c. world expo in shanghai organized by a chinese anime streaming platform. comic book and animation fans showing off their costumes and weapons on stage. nearly two hundred thousand visitors attended this year's the billy billy world expo china's animation and comics market known as is being driven by young chinese born between one nine hundred ninety and two thousand and nine wealthier than their parents were with money to spend. by twenty twenty the market is expected to be worth just over thirty three billion dollars that's ten billion more than just

a year ago japanese any news to dominate the chinese market but now more chinese are just stuff finding a voice and gaining followers. or. when i started i was copying japanese cartoons and my favorite cartoons but eventually i found out that everyone has their own style and the chinese market everyone is doing their individual style and there are differences as you. have it. is one of china's hottest cartoonists and his lightest hit comic which stars a high school student who's also a towers to priests with secret super powers has been viewed one hundred sixty million times online. about how. according to dr from the platform people want to have chinese comics and

animation and they don't regard domestic comics as worse than jeff nice ones from my perspective mystic comics are of a high caliber. on the top in which a high shelf hotta. chinese production and sales still lag behind the japanese and american markets and chinese technology giants like chance and holdings and buy do splashing out on comic artists production firms and lavish marketing campaigns. and that's all your business crystal kobo will have an update for you in the next hour thanks for watching i'm. going to.

try. to. enter the conflict zone confronting the powerful two years ago in the philippines began a brutal war against the drug gangs in which thousands of people die human rights activists and journalists charge the police with illegal killings charges which president has vigorously denied my guest this week hearing the latest news legal advise us over the whole time no welcome to come to the conflict zone. on g.w. . nine

hundred sixty i don't cry i've heard obama. young people rebelled against their parents' generation. it wasn't honestly just full of stupidity inclusion. they demanded. that society. might maelstrom of euphoria violence with the b.m.w. or playing the role of my generation watch the vietnam war every day. our documentary takes a lot of time so how do you lose more members of my time for the first time i had a feeling of being part of something. means of those events today.

the seeds of civil rights. peace movement women's movement my mom planned during this period. sixty. two years ago the philippines began a brutal war against the drug gangs in which thousands of people died human rights activists and journalists charged the police with illegal killings charges which president do tatay as vigorously denied my guest this week here in manila is his legal advisor salvador upon the low is the administration actively sanctioning and even encouraging mud.