nine hundred ninety nine champions league victory over by in munich has honed his coaching skills in his homeland winning norway's top domestic league twice with molten. you're watching to w. news coming to you live from berlin we have more for you coming up in just a moment monica will be here with all the latest business things. that are. here. throughout you know this as you know five minute four minutes you know. power and beauty. having all. the feats

in the pantheon of the great tennis certainly he's one for the ages. but the book. is called tender for the ages. starts december twenty second on g.w. . added. a new pharmaceutical giant in the making glaxo smith kline and pfizer announced a joint venture that will create the biggest over the counter drug supply and. also coming up the vision of how you will someday ride in one of his tesla electric cars has just taken one more step closer towards reality. welcome to the business so pharmaceutical giant pfizer add to glaxo smith kline

a forging an alliance that will be worth billions to pharma companies plan on joining their over the counter prada. division's last year they had a combined turn over of almost thirteen billion dollars pfizer will hold on to thirty two percent of the plan to joint venture glaxo to sixty eight percent the next step will be to flow to the new company on the stock exchange. that's going out to frankfurt to our man there will be buds and ask him what this news means for the world's huge health care market and in particular for the two pharma giants. yes and i think glaxo smith kline is also finally seeing eye to eye with investors heavyweight investors that have been putting pressure on glaxo smith kline g s k let's term it for short to get more out of the company to

unpeel unveil the hidden value in the company and do a spin off like this and now it's doing it g s k is obviously the more weighty partner in this but both stand to gain if they can actually make good on the cost cutting and the purchasing price advantages that they are hoping to get from this union in the consumer healthcare business oh and how is this this joint venture going to shake up the pharmaceuticals market. well they both will be clearly now number one together in the consumer health business among brand names at least seven point three percent of post will be their market share compare that to four percent for the other leading contenders like bayer for example or as a no fee or johnson and johnson but it isn't just the market punch if they can put the horse part of the ground that's behind this it's also glaxo smith kline's intention to beef up its pharma division and get new blockbusters going in the

pharmaceutical business which gives probably if successful more yield than the more steady steady income delivering consumer health care business and it said that it will be for its balance sheet with this deal in order to be able to invest more in oncology investors thinking it a good idea especially the g.s. case you're going up by leaping up i should say by about seven percent on this occasion some people really welcome that move that we bought in front of it thank you so much. on the mobile division of japanese take giant softbank has made its debut on the tokyo stock exchange. it's was one of the world's biggest. ever i.p.o.'s valued at about twenty three billion dollars but shares dipped by as much as ten percent in early trading a public listing as part of soft bank groups attempt to transform itself from a japan based telecoms company to a global high tech investment firm softbank vision found has strong links with the

saudi royal family. china is germany's biggest trading partner but there is growing concern about china's appetite for german companies this summer blocked a chinese date for a twenty percent stake in a german electricity grid company fifty hertz and german lawmakers now want to be able to block non e.u. firms from investing in critical infrastructure that includes high tech companies and utility companies the government plans to limit foreign stakes in such companies to ten percent rather than the current twenty five percent but some business leaders are critical of those plans hellman on the cofounder of business consultancy seen on. partners told d w we are likely to gain much by keeping chinese investments away from germany so is chinese investment in

german companies good or bad well this is something i would like to discuss now with a fork a tire c.e.o. of the german chambers of commerce abroad good to have you with us so what you say is a good idea to block chinese investment. we speak about the conflicting situation there is the lived let's admit right of a state in order to protect security and critical infrastructure and on the other hand and this is a major pillar of our economy we have the freedom. of legally acquired property and freedom of capital flow and this is restricted due to the tightening and summing up we funded very problematic yeah are you talking about a sort of critical infrastructure so this does this new rule doesn't only apply for investment in critical infrastructure or is all industry affected that's

a problem nobody knows exactly what critical infrastructure is in means and even not the companies in the business sector and this makes it so unclear but is increasing uncertainty why. it seems to us that it is that this encouragement in order to bring capital to germany and this could be seen like this like this and so therefore we don't think it's a very good present for christmas right you're don't look very happy to do it to be quite honest especially as lawmakers with these new rules it's not just against chinese investment they want to limon for limit foreign investment investment to ten percent as we just heard german companies can germany actually afford this kind of limitation. so up to now we have a threshold of twenty five percent in more when it comes to capital investment in

a company that this has to be scrutinised by the ministry of economic policy and now we go down to ten percent and more and this is a huge step so we scrutinize the proportionality of of the means right now so therefore we see it really critical because it is also the question of how long could it be scrutinised by the civil servants in the ministry and this is up to four months and could be interrupted if they demand another piece of paper and then another four months so this is even much more uncertainty and unfortunately we have a tightening of this although we have from our perspective quite proper instruments in order to protect security in order to help popular german companies when it comes to foreign direct investment we own more or less to say number one of capital

exporters in all over the world this makes a strong of course so we are internationally. in networks and imbedded in the society is and sell our products there but there's also a need that the heart of our economy is germany and the locations there so we need capital from abroad and we are missing capital investments in terminal up for a long time and was this changing of the law we don't change it you know right for that guy or their c.e.o. of the german chambers of commerce abroad are very critical of those new rules of tightening foreign investment in germany thank you so much. a few things are more frustrating than being stuck in traffic especially when you're on the way to an important appointment most of us just complain about it and get on with our lives tech entrepreneur luckow ever started digging the result of his endeavors has just been unveiled. electric cars whizzing autonomous lee underground this is

ilan musk for lucian to what he once called soul destroying traffic in los angeles now with the unveiling of a three kilometer tunnel in whole flooring just outside l.a. his vision is a step closer to reality so you can have as many channels as you want and i'm pretty sure everyone in the united states is not going to move to l.a. but you could literally transport everyone in the united states in a way there is no limits. no limit to his ambition at any race this promotional video shows how musk invasions the future of transport you'd park your electric car in a pod and take the elevator down to the tunnel. from there you'd be transported at breakneck speed to your destination. the idea of high speed underground travel has already attracted the attention of urban planners new united states earlier this year musk signed

a deal with the city of chicago to build an underground transit system linking the city center with the airport but progress has been sluggish and the project is still waiting to be granted final regulatory approval. but those kinds of stumbling blocks don't appear to be pushing musk off the entrepreneur describes the transit system of his dreams as more like an underground highway than a subway in car loving america it's a concept that might just catch on. the european union has agreed on a plan to ban a single use plastic and of which of course is a major contributor to see waste according to the e.u. commission around twenty six million tons of plastic waste generated every year in the e.u. alone less than thirty percent of which is collected for recycling the baton intends to reduce the amount of plastic waste on land and in the world's oceans the extent of the damage to marine life or add to the danger to humans is only slowly

becoming a knowledge by policy makers the e.u. bad still needs to be ratified by member states but it is already being looked at as a milestone in the fight to reduce plastic waste. and to the debate in the greek parliament had been going on for days but on tuesday even two and a half percent next year it's the first greek budget since the end of the aid programs in august. this is d.w. news thanks for watching. on

. these places are sixty years of history the first task is in a. new culture isn't just the cathedral it's come to town. and there's some much more to see a step takes me from going in germany to moscow east and the netherlands the birthplace of the year of believing and. dealing with. resistance can be a creative force in rebellion can drive an economy. retesting the trial even tested making room for new ideas. without resistance there

would be no progress and business would be on the losing end. of the many faces of rebellion. made in germany in sixty minutes. how do you know sustainable way to scope the battle house you told. us what starts january thirteenth on t.w. says. everyone has the right to freedom of opinion and expression. the right includes freedom to hold opinions without interference. and to see receive and implied information and ideas to any media regardless of friendships.

the seventieth anniversary of the un declaration of human rights article nineteen for all on g.w. .