it's true business the world's largest oil conglomerate saudi aramco has raised twelve billion dollars with its first international bond issue high demand is seen as a good sign for a planned initial public offering but the company has delayed several times now it is currently planned for next year according to crown prince mohammed bin salomon who oversees business at saudi aramco he and his country have come under fire following the murder of saudi journalist jamal khashoggi in october but investors appear to be looking costs that are focusing on profits again. let's bring in comrade who is a now correspondent in frankfurt who's following this story very closely conrad first of all just clarify for me if investors are suddenly turning a blind eye or have suddenly forgotten all about this murder case of saudi journalists. ben i think it's fair to say and safe to say that investors are

moving on you know last year when this murder happened a lot of business leaders were very eager to criticize the saudi government for example by not joining this conference call davos in the desert but very quickly business leaders have returned for example seen an important large german conglomerate. let's listen to what joe kayser the c.e.o. of siemens had to say in an interview today w. when our colleague kate ferguson asked him about this terrible. was it a terrible burden or absolutely it was a terrible murder but would hold a contrary of thirty four million people mostly young people hostage for maybe maybe a murder you know which could even be political influence no you don't because you know there is a process to go after murder and hopefully find out and you know get

a conviction but the process you know i think everybody deserves the right to forward the process but it needs to be followed so we have to almost three thousand people working for siemens in the kingdom so what they may tell them you know not doing business anymore abandon those two thousand people just because there was a terrible murder in turkey so it is not that simple it's not that black and white it's. come at a very interesting take there from joe qasr the seaman c.e.o. but back to saudi aramco specifically just explain to our viewers why such a profitable company the world's most profitable company has to sell debts that's that's what a bond issue is. through you know even though saudi arabia really has a lot of money and saudi aramco really makes a lot of money. both also need a lot of money the country is. a transformation from an economy that's relying one

hundred percent on crude oil to a more diverse diversified economy and this of course costs a lot of money also this transformation means that both the country and the company have to become a bit more open they have to become more like normal countries and companies and by doing this bond issue this launch of a corporate bond saudi aramco seems to communicate listen this is where we are this is what we have to offer we are trustworthy we have good conditions for investors and this of course is a good precondition for a future i.p.o. of floating of the shares of the company here but hang on a second you said transparency there when are we going to see some transparency about when that i.p.o. is going to be. well that's transparency is really in the making you're right crown prince who is in charge of saudi aramco recently has said that the

i.p.o. will happen in two thousand and twenty before that have been communicated that we have to that we have to wait till twenty twenty one it's unclear of course a lot of this will also rely on you know the condition of the international financial markets but you're right the company and procedure is not one hundred percent transparent they still have to work on that corner abusing with the analysis there and a few suggestions for saudi aramco the most profitable company in the world in frankfurt thank you. asian markets mostly reversed early losses on wednesday but investors remain nervous about quite a lot washington's terror threats there also is but by breaks it which will get to later in the show first will china stick to its promises its make concessions on key trade issues like market access and intellectual property at a summit in brussels now the chinese leaders tour of europe takes him to croatia.

it's the first visit by a chinese premier to go away show a tiny market when compared to china but one of many european countries beijing is hoping to deepen trade ties with. want to hire that. we need to speed up negotiations on the china europe investment agreement with a view to making decisive progress by the end of the current year. then we can conclude a high quality china europe agreement before the end of next year it should be fair for institutional investors from both sides and ensure mutual openness. and saying seem to be moving in that direction that's the european union council presidents take after this year's china summit. negotiations have been difficult about the truthful. three managed to agree a joint statement which set the direction for the ship based on the reciprocity with a q that means compromises china says international companies will no longer be

pressured to disclose technological know how to their chinese partners beijing will also cut back on state subsidies and in the future trade relations will be developed in accordance with the united nations' principles and the world trade organization regulations the e.u. is also giving a lot of ground. the chinese telecoms giant huawei is unlikely to see its technology banned from use in europe's ultra high speed five g. mobile data network but that decision was controversial because of while we've government ties and fears of digital espionage so beijing's charm offensive in europe must carry on. now to some other global business stories making news. china is mulling a plan to bad bitcoin mining the proposal appears on a list of industrial activities or thirty's consider unsafe or wasteful china began cracking down on corn offerings and cryptocurrency exchanges two years ago it's the

world's largest market for coin mining hardware. auto sales have fallen for the tenth month in china has sold twelve percent fewer vehicles last month than they did in march last year mandan the world's largest comet has been hit by the growth slowing of a trade tensions with the u.s. . japanese comic and will spend over two hundred million dollars equipping its south african factory to build a new pick up passageway at the plant outside the tory oh will increase by thirteen thousand vehicles every year four hundred new jobs will be added production is almost is also aimed at local and continental. for. yes that a child a bank is said to pay over a billion dollar fine to u.k. and u.s. authorities they say it failed to prevent a reigning clients from violating international sanctions on the country the bank admits turning a blind eye for over six years. e.u.

leaders are holding another emergency summit in brussels today over britain still on was over the exit from the european union european council president proposed a flexible one year extension of people of collective would rejoice at the announcement the french port is the major terminal for trains and ferries between the u.k. and the continent and fears about the potential effects of briggs that are running high. a massive traffic jam at customs in cali that's what happens when french customs officials work to rule they perform their jobs very slowly as a form of protest to cope with brags that the french government has promised seven hundred extra officials the trade unions say that's far too few especially if there's a no deal brings it. each day the euro tunnel shuttle train carries four thousand five hundred vehicles through the channel tunnel near kalai alone the last all very happy if britain were to leave the customs union goods inspections would

immediately become more stringent. but the infrastructure isn't in place for that it's still under construction and there aren't enough personnel. the new building for veterinarian food inspections is not yet finished breaks a delay could be more than a mere inconvenience to cali ferry harbors planned for a potential no deal breakers it and budgeted some six million euros for it if it came to increased customs inspections here in the future it's hoped things would still run smoothly as losing time means losing money frank areas for example would be able to fill out forms on line in advance two million trucks use the ferries each year in cali. what we're afraid of is loss of revenue if the british economy imports and exports fewer goods but we're not pessimistic but instead we're optimistic about the future as well.

the ferry port is a major economic motor in an otherwise structurally weak region many jobs have been cut in the textile and fishing industries especially and now briggs it they could be much of preferred if things stay the same for both sides no question there's more inspections would be a huge hindrance mainly for the transport branch but i think british tourists would keep coming. that's what shopping centers on the outskirts of cali also hope british day tourists are unimportant leon tell british visitors account for about forty percent of sales here up to now at least. and just briefly google has launched its first commercial drug delivery. customers in a small number of. in the suburbs will be eligible for the service during the test phase food household items and over the counter pharmaceuticals with the limited thousands of petitions. delivery on is planning to bush's first european drug

delivery service in finland later this year. in singapore have seized thirteen tons of penguin scales valued at around thirty eight million dollars they were discovered in a shipping container on route from nigeria to vietnam it's the latest in a string of such seizures in southeast asia where pangolin smuggling has become a major problem the managers who scales are used in traditional medicine or at risk of dying out experts estimate that twenty one thousand pounds islands were killed to harvest such a quantity of scams. mr business with. luck

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. place. this is you know we news live from berlin the moment of truth britain's theresa may stare. down another deadline with a request to the european union for another briggs extension she's in brussels hoping for a delay until summer but e.u. leaders have other ideas through those lines it's friday night. plus israel's benjamin netanyahu is.