i won't say to you now but obviously with a cool head i wouldn't have done it. and with that you're up to date on d w news i'm sarah kelly in berlin thank you so much for watching don't forget you can find more on the web site www dot com you can follow me on social media have a great day. history shows the story of the first world more told from different perspectives it's by peter craven from the eastern european perspective from because for example spectrum from the perspective turkey from the arab or lose the w dot com slash w w one. earth home to millions of species of home or saving. googling to goes tell stories of creative people and innovative projects

around the world ideas that protect the climate boost green energy solutions and reforestation. using interactive content to inspire people to take action global audience the environment series of global three thousand phone t w and online. at. siemens c.e.o. joe kayser praises saudi arabia's vision of a high tech future and he acknowledges losing a twenty billion dollars contract there but after the killing of a saudi journalist he says business as usual is no longer an option. and scores of wooden towers have appeared all over hungary with no clear purpose journalist says corruption and hunger areas are calling for answers we'll tell you more. i'm steve bisley bill. and thanks for joining us german industrial powerhouse

siemens posted its fourth quarter figures on thursday the maker of industrial electronics medical equipment trains and power plants those business everywhere making it especially vulnerable to geo political wrists accordingly the past quarter has been a mixed bag. siemens is no longer profiting from its power plant division in fact it's started to lose money thousands of jobs have been slashed the power and gas brunch is being restructured which is expensive and says de siemens announced a forty six percent slump in fourth quarterly profits our own costs despite an island gas market is very challenging that's keeping their structural over capacities and aggressive competition which creates a lot of pricing pressure especially for the big gas turbines in other divisions perform much better at around eighty three pillion year ice sales this fiscal year was slightly up on last year net profits also increased despite the crisis in the

power plant branch siemens expects this up with trend to continue despite the ongoing geopolitical risks which could have ramifications for a company like siemens. now we asked siemens c.e.o. joe cancer earlier about one particular geopolitical risk saudi arabia and whether his decision to pull out of a saudi investor conference cost the company a twenty billion dollar major power plant deal in the kingdom. the fact is that we did not sign a significant deal which was worth north of twenty billion that's true but obviously you know things go as taiko and i've always made it clear you had a very reliable partner competent partner of the kingdom of saudi arabia you have more than thirty million people mostly young people in the kingdom there has been a lot of reforms which have been initiated so i think we need to look at all

factors the things which really really are bent well in the kim going to be shunted the city is a very very promising. mission and such a concept going forward so there is a lot of cool things but there also have been talk things and i mean let's face it with the way what we have seen and heard about what happened in turkey is just not something we just move on to ordinary course of business there's got to be transparency there's gotta be trust is this is what the what the kingdom has promised to do and well we'll see how it goes. over to asia now where trade in china appears to be roaring ahead despite a drawn out conflict trade conflict that is with the united states official figures suggest exports last month were up nearly sixteen percent over last year and imports jumped even higher the u.s. has imposed tariffs on half of all chinese goods but this is been offset by decline

in the one which offsets the tariffs demand for chinese products remains high and its trade surplus continues to grow. so chinese trade doing well there despite u.s. sanctions let's talk now to our correspondent frankfurt conrad who's than konrad germany released some fresh figures today did they show any impact from u.s. sanctions. yes they did stephen unlike the numbers from china german export numbers german export numbers have been a disappointment for the markets today they are lower german exports the over a year in september also compared to august this year german exports are down and the trade and tariff policies by the americans are playing a role here because they have so negatively impacted the outlook for global growth but this is not the only reason i remember how everyone on the markets talked about how the increasing interest rates in the united states might become

a problem for emerging economies this also has played a role as you know many of the customers of german exports as in those emerging economies so the trade surplus is of course rising shrink sometimes conrad give us a sense of how critical this is for german exports to be down. well it's very important for the german economy manufacturing the export sales to other countries are a huge factor when it comes to the german g.d.p. manufacturing sector is much more important for our g.d.p. than for example in the united states or in the u.k. on the other hand private consumption you know consumption by private households or also the services sector are less important but here today is that has also a little bit of a positive side to it because imports are up significantly and mostly you know purchases from other european union countries and that's something that many of our

partners have been demanded from germany for a long time right all right conrad who's in there for us in frankfurt thank you conrad. samsung gave a first glimpse today at its new line of foldable smartphones at a developers conference in san francisco and urged programmers to start writing apps for the new product line the company didn't want to give too much away even dimming the lights to disguise design elements when unfolded the phone resembles a seven point three inch tablet and a samsung is competing with brands like huawei to present such a device first however both were upstaged a week ago when a little known startup royale unveiled a similar foldable phone for. the news the newspaper industry it said to be it said to be dead but it's alive and kicking reports of the contrary at least news corp one of the world's biggest media groups that's the case is profit jump by almost fifty percent to one hundred twenty mm twenty eight million dollars in the last

quarter now news corp owns the wall street journal and the new york post in the us the times in the sun in britain and many other papers digital subscribers now make up more than half of the total subscriber base according to news corp media companies have been steadily moving toward digital subscriptions to generate revenue as print circulation declines. electric car makers has low says that robin didn't hold more place on must as board chair denholm is currently chief financial officer at australian telecoms operator telstar he's been on tesla's she's been rather on tesla's board since twenty fourteen must had to give up a position more than a month ago as part of a settlement with u.s. regulators after the securities and exchange commission said his misleading comments about taking the company public constituted fraud must agree to vacate the board chair and pitch twenty million dollars fine to settle the case. mysterious wooden towers there cropping up across hungary and nobody's sure why government is

trying to silence journalists who keep asking questions and anti corruption activists suspect the towers are just another example of a local theft of. a citizen's initiative is collecting signatures in budapest. they're petitioning for a european public prosecutor the hunger in government to still refusing to accept independent investigations from brussels but the pressure is growing with every signature. doing this because the e.u. money in hungary gets stolen. and there's no institution in hungary to deal with this case is a fraud we say in effect fairly yeah. look at this and i get that i support a european public prosecutor. with out on these thieves will live their whole lives never being brought to justice. in the village of to quote the european anti fraud office olof is already investigating and e.u.

project is thought to have been declared far more expensive than it was eleven wooden towers were erected using e.u. money at seventy thousand euros per tower they were apparently built to promote tourism but there's no hotel or restaurant in sight hardly anyone in the village will speak to us and then someone agrees but wants to remain anonymous the towers are of no use to anyone here he tells us people just made money off them people who initiated the project. it seems to have set a precedent a total of one hundred eleven similar structures have sprung up across hungary the journalist who uncovered the case has been blacklisted by the hungary and government. behavior past the initiative to build the towers came from a group of villagers everyone involved received around twelve thousand euros but of forrester also got a considerable sum for construction costs and the rest went to an employee in the

ministry like bill that will mean he stayed home hungry is sinking further into a pit of corruption the organization transparency international ranks hungry at number sixty six tied with seneca. the money pouring in from brussels is only making the problem worse according to variety by law from independent think tank budapest institute. and the utopian agency all of that is in charge of that setting this question is on demand so they only look at the few projects and they tell us that that was i me stay want to collect one million signatures at the moment they have twenty five thousand. over the u.k. now where a lack of skilled workers is standing wages in britain soaring auditing giant k p m g says they're rising at their fastest rate in three years nearly all sectors and pay grades are affected some company says the worst labor shortage in twenty years

main reason is the pound which plummeted against the euro after the brags that referendum its in a lot of workers out of the country looking for better prospects elsewhere in the block. and that's it for us you can find more of course on. business and. thanks for joining us.

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the teaching not for god the w.c. go for focus. hi everybody welcome to another edition of your old max lifestyle a human up and you know what christmas is knocking on dos again and one topic.