ten years after the collapse of lehman brothers corporate debt. that's ok as long as we have low interest rates but what if central banks change their mind the policy. they have now is ages the up and coming power house to take a look at what's behind the country's economic transition and imagine striking it rich to this extent just not it's of gold beg gold gold. i've been fizzle and let's do business because laps of lehman brothers plunged the global economy into crisis a decade on things are looking up corporate profits are rising wall street is celebrating one record after the next but growth has been fueled by low interest rates which of the companies to go into debt on a massive scale. tesla is ten billion dollars in debt. net flix eight billion dollars. compound lloyd germany's leading shipping company

is seven billion dollars in the red these are just three examples of loose lending never before have companies worldwide had such easy access to money as in recent years. according to a study by the mckinsey management consultancy worldwide corporate debt has increased to sixty six trillion dollars almost double what it was at the start of the financial crisis ten years ago. money is never been as cheap as since the financial crisis central banks flooded the markets with trillions to help financial institutions and economies get back on their feet. the us federal reserve looks set to raise its key interest rate again the european central bank on the other hand is not ready to take that risk in fact the e.c.b. is still in crisis mode with its zero interest rate policy known still comes to virtually nothing some fear of the accumulated corporate debt. could trigger the

next global financial crisis. all the money that was borrowed has to be paid back if interest rates go up repayment will be more expensive and may have to be countered financed with a new jet if that gets compounded by an economic downturn many companies could find themselves in a tight spot. consult my fried fish joins us now mark has the corporate world been lured into a false sense of security by a whole decade of low interest rates consumers as well or are they taking advantage and making the most of the good times. both i guess but absolutely this is a financial bubble which is created in the last couple of years and it's a very dangerous course of one day there will be a recession there will be a downturn and then the companies will have big big problems and this isn't the horizon. what sort of horizon are you talking about i know you've you've written books about the next crisis being just around the corner what makes you say the

next crisis could be coming very soon oh if you look at the financial doctors who just see that everything is on the extreme level right now and i expect it to be end of the decade or perhaps three to five years at most but the problems are not solved from two thousand and eight which just create we've bought time and we trust created another financial bubble two to solve the first problem so we just bought precious time for with a lot of money and nobody know what it would it were the end game will be but there will be a big big big blessed so in your opinion have we made any progress over the past ten years. oh hey i don't know i i would hope so but actually not really cause the banks right now recalled strike you know to the bone on the record level as well and companies get on really low interest rate debt without limits so we didn't solve the problems we just bought like i mentioned already we

just bought precious time but the politicians did not use this time to to create a safe surrounding the safe environment for the future though and i think the next bubble will hit us very hard and then we hope this time we learn from the crash mark there have been a lot of changes as far as banks go and the rules and regulations the capital reserves that they need if if we go back ten years it was interesting that lehman could have been saved sparing us the worst of the financial crisis but do you think it was better to go through all this to get the world's banks back into shape or at least improved as far as the comparison goes with ten years ago but it was definitely a watershed moment and it was a warning signal for all the other banks that come into countries will not save every bank and that we have to change this and right now they have perhaps fattened

but those who deal with the money you have to five or six percent this is not enough and in the next crisis this will be rude awakening for everybody and there are no solutions that we can change this right now in the politicians the politicians are not aware of that and not capable to change this route away in the world's listing and not sleeping thank you very much for joining us we welcome. boeing expects to sell more planes in china the american aircraft maker says it will hand over more than seven and a half thousand aircraft worth over a trillion dollars to the chinese over the next two decades despite the ongoing trade war between beijing and washington does expect to sell around six percent more planes by twenty thirty seven than previously estimated china is the world's fastest growing aviation market so far boeing has not been directly hit by the ongoing dispute beijing has committed aircraft on its list of u.s. goods affected by retaliatory tariffs. the world economic forum on ozzy and is

underway in hanoi vietnam the country has the second fastest growing economy in the region after china by weathercaster cards traveled there to get a taste of a nation in the midst of an economic transition. she's carrying on a tradition that no longer carries the economic waste it once did. here in harlem bay in northern vietnam fishing used to be the main source of income. but nowadays many people have set their sights elsewhere taking corporate jobs and fishing only on the side. vietnam's economy is expanding rapidly the annual growth rate is over six percent and with the free trade deal with the european union jus to be ratified in january that figure could rise. there goes wrong move sixty five percent of terrified certification would be

standardized within a period of five to ten years one hundred percent of existing sorry years would be lifted this would give vietnam an incredible competitive advantage in the region but. it's one. this factory in the capital hanoi is operated by german company the pound it produces medical equipment for the administration of intravenous therapy. devices. these are hospital staple no wonder then that they're sold all over the world this factory opened in twenty four teams and since then the company's invested over one hundred million dollars in vietnam. in seville is money being poured in the investors are welcome here but of course you shouldn't make the mistake of thinking that things work the same way if they do in germany i need to familiarize yourself with the local way of doing things and i did five anyone considering investing here to go for and get the appropriate advice with one eye. for vietnam's young population the country's about that

economic expansion presents the prospect of living a more prosperous life than their parents did. it's a potential takeover they could see some of the world's best known sports where brands fall into chinese ownership finnish company i'm a sports which makes wilson tennis rackets as well as atomic skiing equipment says it's received takeover interest from chinese rival and a sports that you sent shares in are up as much as fifteen percent on to sports already sells the feel of brand in china. if you think these nuggets of gold are impressive this next report will blow your mind a discovery at a nickel mine in australia the chunks of the precious metal a huge so big you would be able to stuff your pockets with a valuables and make a run for. a few months ago kind of those are unseen minerals was planning to sell its be to hunt mine in western australia but it says it is

reviewing its options in light of its amazing find. as all of the dirt then you know there was just gold everywhere as far as you could say more than one thousand ounces of high grade gold have so far been found at the nicola i doubt the discovery experts say is immensely rare your whole life you never never see anything walk in. as a geologist you get excited by people it's to see something on the scale is phenomenal the question is is there more gold to be found in the money or in c. you can look forward to selling the first trial for more than eleven million dollars. germany's auto association the a.d.a.'s consumer group of said they're planning to bring folks to court they want compensation for two million dollars of diesel cars that are not as environmentally friendly as the company claimed at the time of sale at news comes just a day after the opening of

a test case brought by institutional investors seeking compensation for losses in v.w. share price in the days after the emissions cheating scandal broke during proceedings and shoes say the presiding judge said b.w. c.e.o. had dragged his feet when it came to public pronouncements b.w. faces a total damages bill of over nine billion euros if it loses the case. and ryanair is canceling one hundred fifty flights in and out of germany wednesday as pilots and flight attendants strike for the day it's the latest in a string of walkouts which affected tens of thousands of passengers across europe this summer the airline staff are demanding better conditions and higher wages. recently recognized unions has condemned the latest industrial action saying the walkouts could lead to jump cuts in the german market this winter. i was doing business with the.

we're. going to an official estimates more than one point two million venezuelans live in colombia and illegally. already eckel

all returned to pass a law. to visit friends is that i don't think i'd ever go back there to live you know what i live there again i don't know so i'm not sure. bearing witness global news that matters. made for mines every journey begins with the first step and every language but the first word published in the book. nico is in germany to learn german and why not learn with him it's simple online on your mobile and free to sell d w z e learning course nikos fake german made it seem. a news analyst exists it was once a. child can suck up to these kinds of worst side by the slow. play. people who put big dreams on that big story in.

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