and again at the top of the our. prayer ng to me. not everyone who loves books has to go insane. d.w. literature list one hundred german my street. journal state by state. the most colorful.

the long list. of the most traditional find it all at any time. check in with a web special. take a tour of germany state by state on d w dot com. the u.s. justice department accuses china of economic espionage and challenges to chinese officials as the trade wall wall between the two economic superpowers opens a new front. on the bottom of the barrel oil gets cheaper and cheaper and opec is struggling to stop the fall. this is e w business as welcome to the u.s. justice department has indicted. two chinese nationals accusing them of cyber

spying china's foreign ministry rejects what it calls slanderous accusations from the u.s. and its allies for slamming china over economic espionage the u.s. and china are currently engaged in the high stakes trade dispute but the alleged hacking operation they'd back over ten the is. according to u.s. authorities the hackers targeted some of the world's leading corporations they breached the networks of technology companies and then stole secrets from their clients. or in this case it's significant because the defendants are accused of targeting and compromising managed service providers or m.s.p. s m s p's or firms that are trusted to store process and protect commercial data including intellectual property and other confidential business information when hackers gain access to m.s.p. s. they can steal sensitive business information that gives competitors an unfair

advantage china has rejected the u.s. allegations of industrial espionage the foreign minister in beijing is calling the accusation slanderous they also state that the u.s. would also have to withdraw its charges against two alleged hackers from china this dispute is likely to further burden the already strained relations between the u.s. and china due to the trade conflict. you might have seen it in the news earlier the last deep shock coal mine in germany is shutting its doors today the closing of that mine and germany's industrial heartland of the country's west marks the end of a chapter culture a look back now at the history of coal mining here and its role in powering german industry for many decades. in one thousand nine hundred sixty five mining so-called black gold was a dangerous and laborious undertaking that then about forty thousand miners went down the shaft every day demand for coal began to boom no longer just as

a fuel but also as a source of energy for the iron and steel industries and with it the demand for miners grew by nine hundred twenty to around five hundred seventy seven thousand men were working below ground and the coal they were after late even deeper. a huge technical challenge. the first plunge in sales of german coal happened in one thousand nine hundred fifty nine. it had become too expensive in the face of competition from cheap imported coal much of which was mined above ground. the miners held nationwide protests and got their way no one lost their job but that could not halt the long term decline of the industry in two thousand and seven the german government committed to ending subsidies for coal mines by the end of twenty eighteen. and that was the final death knell for the coal mining industry in

germany. let's bring in professor paul you. from. britain's technical university an expert on energy policy what does this closing of this mine mean what does it symbolize the closure of the last line is basically. and. hot coal has been very important for germany's economy of the last centuries however if you look back at the last sixty years there has been a steady decline so it's not a sudden structural break so to speak but has been a continuous reduction of mining and therefore i think it's now very important to look back at the last six years to be thankful for all the industry and support that we've gotten because of coal however also to acknowledge that it's time for change it's time to shift from coal towards other energy sources and it's also say that it's not the end of the world because it's not that many people that are still

i'm employed in the mining sector we went down from six hundred thousand people working. in the direct jobs and now we are speaking of less than ten thousand people and this is something you have to keep in mind and also there have been a lot of subsidies involved so we are speaking of in total three hundred come to an end and now i think it's important to learn the lessons that we've learned and continue looking forwards to the future the lessons that will east germany really ready to give up coal i mean there's still shoot amounts of industry here that need big amounts of energy reliably at the right time. ready to give up coal and replace it with renewables the hot coal phase of that we are speaking about in two thousand and eighteen or basically today it's we're speaking about the mining so mining hot coal within germany will come to an end now however we are still importing hot coal from other countries we're still mining a league night which is similar to hot coal but of a lower quality and therefore we still have

a lot of power plants and forty percent of our electricity is still being produced by hot coal and this will still be the case next year probably so we're not speak of a coal phase out in all areas but only in the hot coal mining area today ok but we still use a lot of coal here in germany that's a big problem if we look at our climate targets is that definitely we are not going to meet the climate targets for twenty twenty we might miss. by six or seven percentage point we wanted to achieve a reduction by minus forty percent compared to ninety ninety we might only get like thirty four percent or something so that we have to do something and the easiest cheapest the best way for doing so is closing down many of the old plans within the next years briefly if you can germany's decided to shut down all its nuclear plants . wouldn't. an option nuclear would be more climate friendly because it has no c o two emissions however there are many external effects linked to natural

catastrophes by nuclear and nuclear waste that we have to deal that need to be included in this consideration there from an economic perspective from a social perspective and from a political perspective nuclear is the most expensive technology that we ever used so therefore the best that we can do is phase out nuclear and then phase out coal within the next twenty years as well which is a probably we thank you very much for this insight thank you for inviting. and we stay in the energy sector the price of brant crude slips to its lowest level in fifteen months yesterday it's recovered slightly this morning but oil prices have been steadily sliding for weeks dropping to more dropping by more than twenty five dollars since the beginning of october when it was hovering at around eighty dollars investors hope supply comes from opaque prices but the concept of all producing countries is finding that easier said than done. earlier this month the oil cartel opec and its partner countries agreed to cut production to one point two

million barrels a day from january the regime to reduce supply and boost prices the price of a barrel of bread has been dragged down by a combination of factors the global macro economic outlook isn't shining on the oil industry and this week's rate hike from the us federal reserve has exacerbated investor fears of an economic slowdown but oversupply remains the biggest challenge for the industry increasing crude production in the u.s. which is now a top producer worldwide makes it more difficult for opec to control the global market. so while the downward trend of oil prices may be welcome news for drivers it spells trouble for opec an inability to influence price may mean its effectiveness as a cartel is diminishing. false fucking apparently wants to cut around seven thousand jobs in the coming years according to media reports the v.w. plants in hanover and ended will be affected the background is that the production of electric cars requires fewer people than the productions of production vehicles

with combustion engines the company plans on offering older employees passant work but even in that case up to four thousand jobs and how about up to three thousand in the emden might still be caught. and self declined to comment on the exact figures. let's bring in our financial correspondent. for a while now so this really shouldn't come as much of a surprise. no it shouldn't because the company has to ready itself for the new age with electric cars and self driving cars especially the electric component means that cars in the future will have much less a fraction only of the parts that are going into the vehicles as we know them with diesel or with gasoline engines or with hybrids and that of course also means that there are fewer workers needed and of course with volkswagen is also more pressure on the brand volkswagen it's known that the c.e.o. have but these really has an agenda to get the profitability up there so that may

play into it as well but expect messages like this connected with the mobility also from other manufacturers in the next little while. the german blue chips though should buy a new low. yes it dropped under six hundred seven year olds it's not that far down yet under seven year olds right now it's battling with the seven year old level and down about fifty percent over fifty percent in fact for the year the newest plunge this week came from a new scandal brewing over price rigging in the bond trading sector the e.u. commission investigating there and deutsche bank avoiding a fine probably because it's proactively cooperating with the commission still have a week for it but not just for the deutsche bank for shares in general because the docs had a two year low now with the bad sentiment in the stock market and the dax down for

the week. two and a half percent only bounce in frankfurt thank you very much. and that's all for me folds diana far from his yeah thanks for keeping me company in the twenty eight scene and c o n twenty nine hundred albums will be interesting christopher coke will have the next business update in rob about forty five minutes but stay focus on europe is next on the gulf just off the top of world markets by.

rescuing sea horses in greece. off the greek insulin of khaki to keep their lives a colony of tiny sea creatures that are threatened by ghost nets lost or discarded fishing nets. no volunteers are retrieving the nets and helping to preserve the sea horses marine habitat. next d.w. .

twenty nineteen come to. the starting whistle she's about to send the premier event of asian football. have a look see identified the favorites. coaches players fans up close personal. like twenty nine t. . the big kickoff. starts december twenty seventh w. k. you know this five minute call minutes yeah. as an hour and a beauty. pageant all. the feats in the pantheon of the great tennis certainly he's one for the ages and if you.

look up. scott turner for the. starts december twenty second on t.w. . living. alone welcome to focus on europe with me peter craven the european union is set to lose one of its biggest and most influential members the united kingdom when briggs british are exempt from the e.u. kicks in.