well this is the news live from berlin we will be right back at the top of the bed and fizzling is coming in with the business distinction and. i'm not laughing at them well i guess sometimes i am but i stand up in which is that we germans thinks deep into the german culture of looking at stereotypes the question but if you think this leaves a country that i not blame. need it seems ridiculous gram a day out you know it's cold out there. i might show join me to meet the gentleman from d.w.

post. rearing to read. not everyone who walks books has to go insane. that t.w. literature list hundreds german must reads. like a. 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. us tektites news reports huge profits but markets plunge as geopolitical worries cloud investor sentiment. and the number of super rich grows again but one country is set to replace the u.s. as home of the most billionaire. i'm in physical and let's do business

the race is getting tight brazil's far right presidential candidate show here bulls are now two is still ahead but polls show his lead narrowing over left his rival fernando a dud as the nation readies for this weekend's runoff vote is bracing for economic doom brazil has one of the most generous pension systems in the world but with demographics changing cannot afford it you severely hundreds of movie 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 capitol hill 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. you know daily a day i have no idea what to do i have faith in god that he will open up doors for me but i really don't know it's very sad now they have they. moved into this. 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. saladino medium 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 brazell is 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 problem only when there is no crush of a loved one. and not because you need that good sees things in order to people feel more secure and more comfortable weekend a war and seize them. and so all the time that they kept dry the reform always the scene this séance of cutting expenditures and not being brought by the in a better service. the issue of pension reform is complex and controversial and neither of the presidential candidates facing off in the sun this 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 dodd. i think first of all the election is not over yet so both of the present all of the candidates say of tracing the same challenges it will be very difficult choice to come down public terms and run on the other hand invest this point so they don't waiting for the signal to reach the president elect it will send out to the didn't community and then 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 paulson on it is to. fight corruption as has it been of

other governments but at this point everybody knows of this process going on and all of jailing politicians jailing. also. i think the corruption issue is a process that will be improving over time but brazil has a high potential so i think investors are ready to invest when the conditions are favorable or a cable 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 their favor or for the business community so most of the companies which are a member of our chamber they are here for more than hundred years you see this is

not a new some call is one of the largest german and vestment concentration overseas so it's just a matter of time that things will be better and the conditions should be favorable from one vestment that's i'm very confident thomas 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 space to 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 its 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 engine like smartphone maker apple. and let's take you to the frankfurt stock exchange and blitz is standing by both companies opposed to bet a year on year profits but investors a ruthlessly ditching them and not just getting 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 haven't come in 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 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 effect in business is. this simply for us at that so 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 audit is 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 ilan 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 sa 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 great to 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 ali barber in ninety nine thousand nine. hundred twenty fourteen the online retail company claimed the title of the world's biggest ever i p o. two set up the business in his living room is now worth an estimated thirty billion dollars. i don't even bother counting the million is any more i stay in business with it.

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earth home to millions of species a home worth saving. google ideas tell stories of creative people and innovative projects around the world by deals that protect the climate boost green energy solutions and reforestation using interactive content to inspire people to take action global ideas the environment series of global three thousand on t.w. and online. they make a commitment. they find solutions. they inspire. africa on the move. stories for both people making a difference shaping their nation. and their continent africa on the

move to stories about motivational change makers taking their destinies into their own hands. d.w. multimedia series food for god. d w dot com africa. a low and welcome to focus on europe i'm brian tom when a catastrophic earthquake hit italy two years ago politicians were quickly on site promising aid for towns like camerino what the quake and aftershocks did not destroy outright they left unsafe for residents to return to dozens of once thriving communities.