a tough start to twenty nineteen for global stocks there are a lot of reasons why we're just like to know if that's the way it'll stay off financial correspondent will be joining us from wall street. also coming up more pushback for china's belton road initiative the ambitious new silk road has some countries questioning its profitability due to the financial terms and prospective debts. and the bonds of snowmobiles may be a thing of the past but there is a problem with freezing batteries. this is your business update on home and home from berlin glad you could join me for global stocks have had a wobbly start to twenty nine thousand week data from china and fears its trade dispute with the u.s. will continue well into the new year have investors on edge just minutes into trading the dow fell one and a half percent later regaining losses but the volatility well traders experience that at the end of the year and it could be here to stay in europe germany's dax

only inched into positive territory as trading was coming to an end some asian stocks fell by as much as four percent. well let's go over to our financial correspondent now a u.n. score to firstly yan's happy new year to you i hope you had a better start to twenty nineteen than the dow is worrying investors. yeah the new year and at some point it looked like we might see of the worst start to him into a new years since nineteen eighty three when blue chips lost almost four hundred points in value and then was no obvious reason the market turned and ended even slightly to the upside so as i said we had no clear reason for the swing we saw technologies their shares financial stocks trading to the upside and we also saw a turnaround when it comes to the price of oil initially there dropped by two percent and then again a good two percent and we also had oil stocks trading to the upside at the end of

the session this week in those markets dave said to me continuing a trend that we saw at the end of last year i mean is there any idea when we can expect a break well i mean those big swings are always a sign of great uncertainty and we do have a lot of areas where we still do not really know what is going to happen if we look at the trade dispute between china and the u.s. then there was some speculation that the federal reserve might actually pause increasing interest rates at their in this year of that's going to be true remains to be seen but those rumors kind of help to tell the market here at the first of its trading session of the year then also there's a lot of talk of a possible cooling off economic growth globally and also in the united states that we really have to wait and see how those factors play out to get a better idea of what kind of

a year twenty nineteen will be there is as old saying on wall street as goes generally so goes the rest of the years of the first trading session of the year it gives us any outlook here then obviously we're in for a couple of more turbulence as in the next couple of months absolutely a lot of factors that play into the mix our financial correspondent james quarter on wall street for us thank you very much m's. well shares were sent skidding out electric car maker tester on the first day of trading forty eight percent for course liveries fell short of analyst expectations and of course tesla has been struggling to ramp up production of its model three which is crucial for its long term profitability and tessa's decision to cut the prices of its vehicles by two thousand dollars did little to help the share price the company says it wants to help customers deal with the gradual phase out of federal tax credits for electric cars. now it's china's most prestigious infrastructure project which

walking about the belts and road and initiative with nearly a trillion dollars in proposed chinese investment poised to build roads railways ports an oil pipelines from beijing but it well the megaproject was launched five years ago and has attracted investors from all over the world including german companies all eager to get a sizeable piece of the action. the new silk road china's belt and road initiative as a source of wealth precious gems for pakistan faster processing of shipping containers in europe and cheaper energy in sri lanka everyone should benefit that's the promise delivered by the singers in this choir. chinese president xi jinping has been pushing the new silk road for the past five years more than one hundred projects have been completed along the route including

high speed rail ports for container ships and fiber optic connections for faster internet access. german industrial giant siemens sees the new silk road as a major opportunity siemens has recently put up a new office in beijing focused on the new trade groups it's headed by cuts in hospital he coordinates major transport projects in more than ten countries. you have different languages cultures and time zones so finding a common denominator takes some time. the smaller companies can piggyback on a major multinational like siemens says german chamber of commerce representative gets him to put on and that's because gaining access to the chinese market is challenging due to a lack of transparency. and that. there's

a lot of uncertainty when it comes to the silk road project to process how to apply where to apply and which ministry is responsible all of that's unclear. and chinese companies are us an advantage they are state owned or receive government supporters see success rests a loss on the new silk road he promotes the project as international summits german companies in china are also interested in the silk road what's unclear is just how much they'll benefit from this in the end. well tourism is a pillar of the indonesian economy but there are concerns about the state investing even more in the region hit by a tsunami on the twenty second of december it hit the coast without warning crushing one of the biggest beach hotels killing dozens of people on the location remains heavily exposed. this beach had been one of the highlights of indonesia's

push to draw more tourists the hotel that started before the tsunami struck advertised its use of one of the world's most famous active volcanoes. the government did a study and it concluded that ten you could be made a top tourist destination because it was so close to crack a tour of. the volcano is in the middle of the sea and it's still expanding. into the shadow and that's why it became a major tourist draw. that volcano triggered the tsunami that killed more than four hundred people easily crushing the buildings of tanya liaison it's the top location on the government's ten new bodies program seeking to make other parts of indonesia just as popular as bali which attracts more than forty percent of indonesia's tourist every year but the hotel c.e.o. says the government needs to focus more on disaster preparedness. to do so after

this disaster the government should construct more buildings that can survive strong waves like in along with break waters but one of the so if there's a high wave can be anticipated and its force can be minimized if the m.d.c. bussy to. indonesia's tourism minister brushed off concerns and says the town should be rebuilt within six months i think and we have been in. any places when in a nice you know what is important and the most important thing if we have to profile the mitigation plan. indonesia wants to increase its annual tourist from fourteen million. to more than twenty million with its investment push but without disaster ready infrastructure included many fear the funds could be quickly washed away. well one slate at a time electrics name avails on making eco tourism and finish lapland even clearer kane or rather the east that's all supposed to reduce the amount of fumes as well

as noise pollution in the great takeout doubles this winter tourists are exploring the arctic wilderness on what's claimed to be the world's first all electric snowmobile safari over the course of two hours they travel twenty five kilometers through lapland snow covered forests on battery power alone. going through countryside like this because it's peaceful when you get to see things where before that that's just the noise of the other ones with the you know would take anything lot of what wildlife are here not out of life and that sort of situation the east slade is the result of development work at the lapland university of applied science that started in twenty ten one of the biggest challenges was developing a battery system that retains a charge in the freezing temperatures engineers developed a liquid heating system that keeps the battery warm even at minus forty degrees. but there are drawbacks the eastlands are three times the price of

a regular gasoline powered snowmobile and that's not all. the biggest these two is the range at the moment we're going to ride forty kilometers with the seas let's show you really need so plan the route before before you go to the deep down to the forest because you don't you don't want to go forty kilometers to the forest and then you don't have better enough to get back all the research continues even as the current models are being assembled in revenue me the capital of finnish lapland tourism is just one potential market for the east lead developer another is climate scientists working in the arctic who don't want pollution to interfere with their measurements and there's room for growth one company that got its start building snowballs in the one nine hundred thirty s. is now one of the biggest transportation manufacturers in the world canada's. that's what you have to say with the latest from the wall of business i'm going to

home frame by then i'll be back tomorrow same time same place you that.

i'm not over out of my will not succeed in dividing us about not succeeding taking the people off the streets because we're tired of history trying to show our. taking the stand global news that matters. made for minds. i'm not laughing at them because sometimes i am but i stand up and wave to them and read the german thinks deep into the german culture of looking at stereotypes the question to me is think the future of the country that i not. yet needed to take for this drama day out. that's all that. i might show joins me from the german sunday to be a. post. how do you want to. discover your cause. discovered with the ballet. school.

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