ten years after the collapse of lehman brothers corporate debt has almost doubled that's ok as long as we have low interest rates but what if central banks change their monetary policy. now is asia's 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 these are just not gets a gold big golden bowl that. i've been physical and let's do business because lots 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 is being 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 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 the 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 is in the

horizon. what sort of horizon 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 interests see that everything is on the extreme level right now and i expect it to the 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 in which has created another financial bubble to to solve the first bubble so we just bought precious time for with a lot of money and nobody know what the end game will be but there will be a big big big blast so in your opinion have we made any progress over the past ten years. oh hey i don't know 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 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 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 that the capital reserves that they need even 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 five or six or seven percent. of the balance but it's not enough they need much more if you go for the private person to a bank you need twenty thirty percent but those who deal with the money you have two 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 rude awakening the world's listening 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 boeing 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 admitted 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 whether caspar 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 tyrants certification would be standardized within a period of five to ten years one hundred percent of existence are years would be lifted this would give vietnam an incredible competitive advantage in the region but. this factory in the capital hanoi is operated by german company the town 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 fourteen and since then the company's invested over one hundred million dollars in vietnam.

since appeal is money being poured in the investors are welcome here but of course you should make the mistake of thinking this 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. for vietnam's young population the country's back to economic expansion presents the prospect of living and more prosperous life than their parents did. it's a potential takeover that 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 to sports you sent shares in our op 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 in sea 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. 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 nickel not out discovery experts say is immensely rare marco your whole life you never never see anything walk in. as. you get it sorted by it's a c. something on the scale is phenomenal the question is is there more gold to be found in the money our in c can look for it's to sell in the first row for more than

eleven million dollars. germany's auto association the. consumer group are said they are 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 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 trading 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 you faces a total damages bill of a 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 as the airline staff

a demanding better conditions and higher wages ryanair which only recently recognised unions has condemned the latest industrial action saying the walkout could lead to jump cuts in the german market this winter. i was doing business with you.

how's your view of the world. where i come from not over that could just go it's just like with chinese food doesn't matter where i am supposed was reminds me of home after decades of living in germany chinese food is one of the things i miss the most but better taking a step back i see something a little of difference to knowledge plenty of fluids first as an articulation that exists to other parts of the walls haven't been ever mentioned that in china catch me if i'm not a child it's people wondering if they're going to say that but if i have a ride to another job that is this is their job a job that has them on how i see it and deficit why i left my job because i tired

to do it exactly it is an hour a day my name of the uninsured and i was added up to. earth's odd home. of species. the whole world cities. would give me those are big changes and most start with small steps and became a global ideas tell stories of communities people and in the distant objects around the world. to use the term limits to stop dreaming of solutions and misunderstood should. the current interest of constant change in the next generation of those one little touch of. mothers and. channels available to inspire people to take action. and were determined to do something here for the next generation the idea is the environment series of global three thousand on t.w. and online.