when chick into their lives. he was in the devaney is coming up ahead this is presidential election is shaping up to a photo finish we'll take a look at what that results could mean for foreign businesses there. that is good then facility who's standing by to give the cue shortly to stay with the news. a museums. she gets the answer to. the so-called shake ups not produced on him. but. people have put big dreams on the big screen. movie magazine on d.w. . if you ever have to cover up a murder best way is to make

a little accident raring to. never read a book like this one. the toughest. streets. crunch time in brazil trying to choose a new president and time to decide if an embattled economy can support the cushy average retirement age of fifty five. u.s. tech type reports huge profits that markets plunge as political worries cloud investor sentiment. and the number of super rich grows again one country is set to replace the u.s. has home of the most billionaire it's. been physical and that's the business

the race is getting tight brazil's far right presidential candidate. is still ahead but polls show his lead narrowing over left his rival fernando a dot as the nation readies for this weekend's runoff photo it's bracing for economic doom brazil has one of the most generous pension systems in the world but with demographics changing cannot afford it. the reports. rush hour in sao paolo in brazil's biggest city many people work far more than eight hours per day some start at a very early age so they can retire at fifty five and then continue to earn seventy percent of their final salary for the rest of their lives for decades that's been the norm in brazil. it's what suze that was hoping for after working as a teacher for more than thirty years an accident before retirement led to her salary being cut now the sixty three year old gets less than the minimum wage and

now at all it's inhumane to have to live on a minimum salary everything is getting more expensive with inflation and all that and people keep on getting a salary which now i can live on apples so it's very difficult. with less than two hundred dollars a month she can barely afford more than her rent and although she bolsters her income by selling handicrafts she feels desperate about the future. daily day i have no idea what to do and when i have faith in god that he will open up doors for me that i really don't know it's very sad now they have a. dentist. says that situation is not an isolated case poor and middle class retirees especially from the private sector are finding it harder and harder to survive on their pensions so they keep

on working sometimes for decades after retiring. well so but even so i paid in more than twenty times the minimum wage and so did my company and i did that for ten fifteen years then they reduced it to a contribution on ten minimum salaries or that was so in a nutshell i ended up retiring with only one times the minimum wage. you saw i do medieval and life expectancy is increasing in the country it's a demographic change that's leading to fewer younger workers supporting more retirees in addition to the recent years of limited or negative growth and the very generous pensions granted to the public employees rather less rapidly heading to a point where it was no longer be able to meet its pension obligations in twenty seventeen the government ran up a deficit of more than sixty billion dollars in order to cover pensions despite this unsustainability an overhaul of the pension system is politically difficult to

achieve. usually their government and. remembers the brawl with them only when there is no crush of a loved one. and not because you need to have a good system in order to people feel more secure and more comfortable weekend they were insistent. and so all the time that they kept try the reform always the scene this séance of cutting expenditures and not being pro by the you know better service. the issue of pension reform is complex and controversial and neither of the presidential candidates facing off in this sunday's election runoff have clearly addressed it however it's one of the most urgent challenges the newly elected congress will face in twenty nineteen. what about the situation for foreign

investors and companies still as team is managing director of germany's chamber of commerce in sao paulo who do you think would be better for a businessperson ottawa or a dad. i think first of all the election is not over yet so both of the presence of the candidates say of tracing the same challenges. will be a very difficult choice to come down or public president on the other hand and best of this point so they are waiting for the signal to reach the president elect it will send out to the business community and i think they will be very quickly ready to invest again and larger scale what about something like corruption that keeps many companies away who's better equipped to fight something like that well the promise of mr wilson out is to. fight corruption as has it been of other

governments but at this point everybody knows that there's a process going on and all of jailing politicians jailing. also and. i think the. corruption issue is a process that ruby improving over time but really has a high potential so i think. investors are ready to invest when the conditions are favorable ok bill improving over time doesn't sound all that optimistic how much hope is there that there will be change what a business is saying to you about investing in brazil. well they are quite confident that whoever will be the next president he has to of prove himself and send out a signal of such favorable for the business community so most of the companies which are a number of our chamber they are here for more than

a hundred years you see this is not in you some color as one of the largest german and vestment concentration overseas so it's just a matter of time that things were better and the conditions should be favorable problem one month that's i'm very convinced i was tim is managing director of germany's chamber of commerce in sao paulo we'll see how that election turns out if we can't thank you. you're welcome. well cooling growth has a base does worried the tech giant strong runs on revenue could be coming to an end and despite amazon posting its best ever quarterly profits at income of two point nine billion dollars represents a ten fold increase over the same period last year the figures were bolstered by i was on web services siri amazones outlook for the crucial fourth quarter which includes christmas we tell sales fell short of expectations each share price had slumped. and stalking google's parent company alphabet has also fallen by as much

as five percent of the disappointing third quarter earnings the company's twenty seven point two billion dollars in revenue failed to meet market expectations google's advertising business grew slower than expected while costs rose into that giant is paying more to distribution partners of its search engine like smartphone maker apple. and its thank you to the fact that stock exchange focused on blitzer standing by both companies opposed to bet a year on year profits but investors a ruthlessly ditching them and not just ditching them but also the big besides the big tech players other companies as well is there a pattern forming here. yes ben and i mean the tech companies are especially in a certain way because they've been providing such stable growth but where they have in common with a lot of other u.s. companies reporting earnings right now is that the growth outlook for guidance

isn't very positive they're not so keen on looking into the future while in the third quarter the u.s. economy is still doing pretty good businesses are pretty doing pretty good and they're worried about what it's coming up the tax reform in the u.s. or the tax break is sort of fizzling out and also increasing worries over the trade with china are are pushing businesses down there for an effective business is focused in place for us at frankfurt so it's strange. the world's billionaires are now twenty percent richer than they were last year that's according to a report by swiss bank u.b.s. an order says p w c the number of billionaires is rising as well two thousand one hundred fifty eight people around the world managed to accumulate over a billion dollars of personal wealth. for some billionaires the only way is

truly up. japanese tycoon usaca mizar will become the first private passenger on a trip around the moon. set to take off in twenty twenty three on board a space x. a rocket developed by a long musk while the price of the ticket has yet to be revealed it is assumed to be astronomical meanwhile the number of billionaires with the spare cash to follow my salary into space continues to grow according to u.b.s. is a new report on the super rich they hold an average of four point one billion dollars in wealth north america remains the global leader in the number of billionaires six hundred thirty one but western europe slipped to third place. second spot now belongs to the greater china region which includes hong kong and taiwan china proper is home to more than three hundred billion as most of them self-made. at the turn of the millennium china had only one billionaire but u.b.s. now expects the country to overtake the u.s.

in the near future the country's billion ad boom has been fueled in particular by its mushrooming tech sector. jack ma was still working as a teacher when he founded olly barbara ninety nine she nine. and twenty fourteen the online retail company claimed the title of the world's biggest ever. who set up the business in his living room is now worth an estimated thirty billion dollars. i don't even bother counting the millionaires any more i stay in business with it.

which year of europe's fine most popular comfy stuff is a. spice jocasta and oh oh. some sanden suffer. some treasures of conscience and history. the cause of europe every day this week on the romance on asked on g.w. .

the cause of. the first the little to say the twentieth century. the war to end all wars cost millions of lives. world. from birth marks the hundredth anniversary of its. what has humankind learned from the great war. as if money. is real peace and impossibility.

but. nineteen h. not for god to w.'s november focus. either welcome to another euro max special where this week which owing the top tourist destinations in europe today we had to spain for the following reports.