every journey begins with the first step and every language but the first word published in the cool. rico is in germany to learn german and why not i'm with him it's simple online on your mobile and free to suffer from d w z learning course nikos speak german made easy. climate change.

waste. pollution c. isn't it time for good news eco and africa people and projects that are changing our environment for the better it's up to us to make a difference let's inspire others. to be committed to the environment magazine. long d.w. . just one notice above junk status that's not a nice place to be a credit ratings downgrade for italy but why aren't the markets wired. a new study shows developing countries a woefully underinsured for natural disasters. and gibraltar's border with spain a walk in the park. for workers things could get tricky post breaks it. i mean

physical and let's do business and where starting with some breaking news siemens chief executive joe kayser has just announced that he will not attend the future investment initiative conference in saudi arabia following the killing of journalist john mica shockey the german engineering giant is one of the last companies to decide against sending its top executives to the davos in the days it many companies including j.p. morgan and ford had previously pulled out of the event as has u.s. treasury secretary statement. italy is here to stay prime minister because he says his country won't leave the european union but that it will stick to its deficit hike that's despite e.u. criticism he argues the economy needs a lift biggest member state germany has warned room to be careful with debt and moody's has cut italy's credit rating by one. it's

a difficult position that you use economics commissioner pierre moscovici see says that italy should decide its own fiscal policy but he has a stipulation. on the other hand it has to respect a common rule e.u. countries have done for ten years policies that are left out that's what makes us all part of the eurozone when all the problem is that rome wants to borrow three times the amount of fresh cash than promised by the previous government well that doesn't break any e.u. rules it could mean that italy's huge mountain of debt might become unsustainable the current debt level of one hundred thirty percent of g.d.p. already exceeded e.u. limits but that doesn't seem to bother israelis coalition of the right wing northern league and populist five star movement. we must create something new because we are neither right nor left we must create a new european group the european group that does not have the right all the left as a goal even. there's the last release the. economic growth stagnated in the third quarter

and unemployment especially among young people is high bolstering social spending and taking a tough stance against brussels has a nice rate to large parts of the public and so i think all the electric promises were kept so they did just fine even keeping the point with europe which i think is the fundamental battle. people over there were all about it was so interesting about that your home value not your place ok i think that europe does not have to tell us what we have to do here also because they have a prejudice against us in comparison to other european countries offer of respect they use the phrase europe and it's always government has told the e.u. it plans to stick to its spending plans but it will keep an eye on future debt. but it's also keeping an eye on this story for us from the frankfurt stock exchange on why the markets sold out worried about italy. well moody's did

downgrade the contrary and it is this close to junk status but it's going to stay there it looks like because the rating agency also puts outlook to stable not negative stable so we're not going to see junk status any time soon and the agency is also fairly positive about the deficit plan it sees a deficit of minus two point five percent. for the country for the next three years that's less worrying than other analysis that we've seen in the past their reaction this morning was gloria's or their both some a lot of the stock exchange that was up quite high also government bonds. rose and even the banks so what helped that was political comments from both rome and the unit that seemed to be more toned down than the rhetoric that we've seen over the past weeks the excitement has waned of

a little bit on the board in italy but overall markets aren't as worried as they were last week for example over the past four weeks when they were down in italy because then but it's worse in frank good say he very much. a study by lloyd's of london has found that in places with the highest risk of natural disasters many businesses a woefully under insured or not covered at all it's a financial disaster just waiting to happen. it's been three weeks since indonesia's sulawesi on and was devastated by a tsunami that killed over two thousand two hundred people the indonesian government has put the estimated damage of close to one billion euros. to make matters even worse many people and businesses in developing countries such as indonesia not insured against natural disasters leaving survivors to face further misery. according to

a new survey conducted by lloyd's of london and us to mated one hundred sixty three billion u.s. dollars of assets are under insured worldwide over a period of six years the so-called under insurance cap is closed only marginally by less than three percent. it's a vicious circle given that many of the countries with the lowest levels of insurance are also among the most vulnerable to the results of climate change. and they like the financial capability to deal with the consequences. in some countries the insurance penetration rate is under one percent in bangladesh india vietnam the philippines indonesia egypt and nigeria these countries are completely exposed when disasters occur. events in indonesia are typical of what happens after an earthquake the government is left to cover the majority of the financial burden and is dependent on outside assistance. last week the world bank pledged to one billion

u.s. dollars in loans to help with relief and rebuilding. the joins us now from singapore why haven't governments in developing countries pinpointed this problem themselves well you know there's been developing nations out always eat place how they can actually make money and they actually have more problems on their hands in thinking about how this author who was just an act of got might actually help it need to getting such incidences and we stay she not so many instances until then he especially when it's climate change the so it's actually a new problem that's coming up and that they are only is starting to get it now that it's why we haven't seen it get big ben ok then you will have to leave it there are connections are all that good but thank you very much for your input. brings its border to end in northern ireland is also the british overseas territory

of gibraltar a tiny strip of barely seven square kilometers is located at the very south of the iberian peninsula bordered to the north by spain and britain. that will be more significant than ever as gibraltar which has limited self government powers will no longer be part of the bloc. between spain and the u.k. have led to a special agreement defining legislation for travolta but it can only come into effect as part of the broader breaks that deal. over eight thousand spaniards cross the border into gibraltar every day to work many are concerned that things won't be so easy once britain leaves the e.u. . that instead of taking five minutes across the border it could take hours three to four hours. they're worried about the same thing in the small spanish city on the border trade with the british enclave is a key source of income here and many fear that business will be hurt after breck's

it. mean they will feel my business depends a lot on that one of them is selling motorcycles and it depends as much as ninety percent i also sell furniture and the turnover that i make with gibraltar and cross border workers is about forty percent from. gibraltar is one of the most densely populated places on earth and britons living here voted against brags it. is also a duty free paradise millions of tourists come here to take advantage of prices that don't include value added tax it's a good deal for everybody but for how much longer. today we don't yet have an agreement to find the agreements in relation to matters relating to taxation fiscal matters but i think we've made a lot of good progress there because we share objectives and so if you share objectives and you haven't yet reached technical agreements you can continue to be

optimistic that the technicians will be able to give effect to the agree with him principle that there is between the politicians. the plan is for gibraltar to maintain its advantages both as a workplace and as a shopping paradise. spaniards and britons living on the rock want the same thing. seven percent fall in profit in the able to september period summer is a key season for europe's largest budget carrier but it took a hit from rising fuel costs and lackluster bookings caused by strikes ryanair also warns of will have to keep short haul ticket prices low this winter meanwhile the carrier is bracing for more reputational damage brian a cabin crew failed to remove an irate passenger who hold racist insults at a woman passengers found the situation so unpleasant that they felt they had to intervene a video showing the incident on a flight was posted online. will limit the

impact of bans on diesel cars the german chancellor says the bans a disproportionate in cities when nitrogen levels are only marginally excessive a string of cities across germany is said to introduce bans on diesels considered the primary cause of nitrogen oxide pollution michael's government recently announced measures designed to bray mean pollution levels while averting an outright ban one involves financial incentives for drivers to buy new cars the comic is a not happy with the idea of retrofitting it. i was doing business with you. mumtaz.

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