then to completely new things and talk of the ancient giants who had originally been its teacher to see the. true culture out of the darkest milliners into a new. history place probably no place anywhere in the world when things were invented in such quick succession but. this week t.w. . some forty heads of state and government are gathered in beijing for the second to belt and road for the three days i made a was to promote beijing's approach act of the century and to boost investment but critics warn off beijing's debt trap diplomacy. also on the show it's the ethics season for facebook it's time to face the truth and

a massive drop in quarterly profit. as a billion dollar bill for boeing that's how much the plane maker spending to fix the troubled seven three seven backs a model that's been grounded following two deadly crash. hello and welcome to do business i want to get jones and berlin good to have you with us and we're starting with a look to beijing where a high level belted road summit is kicking off today political leaders and business representatives from some forty countries including russia and germany are expected to join to learn more about china's new silk road and one of the routes will run through central asia and moscow all the way to rotterdam roads and railways as well as power stations telecommunications networks and pipelines then there is the maritime silk road which will connect china with europe africa and southeast asia

with china already investing billions into infrastructure projects along the way so what's this new silk road all the ballots and what role does china play in hopeless . these workers are assembling cooling and heating units for industrial buildings they are later going to be shipped to the u.s. pakistan bangladesh and mexico you have dark or broad group is a company specialized in energy fission the air conditioning heating and air purifying they'd leave broadest planning for further international expansion. in that union and the delta raid initiative is a good opportunity for us to cooperate and to promote our business further we expect to see a lot of new opportunities where we are the other day she heard the. president wrote also called the new super road initiative is a massive investment program by the chinese government into international transport infrastructure in the past decade china has invested massively in its own

infrastructure now it builds roads railways in ports around the world china says the initiative is designed to boost international trade and cooperation but critics see there's a means to extend china's influence beyond its borders. a with that reality the main projects of the belton road initiative are all implemented by china's state owned enterprises these companies are closely linked to china's socialist state and government they style link between projects in the government is something that is closely watched in western countries it's understandable that the west is cautious about the project yet. midsized private enterprises like broad are less visible but still important to many projects. not only the architecture of the headquarters suggests that broad has been eyeing international markets for some time the group is doing business in eighty countries roughly fifteen percent of the projects are

directly linked to the belt and broad initiative but broader saying the impact is much bigger. one sollecito the first a lot of projects are financed by local governments or companies in the host country and that would cause delays but since china started providing funds on a large scale we're seeing projects speeding up. some critics say china is exporting its stimulus policies to keep its own economy growing for private companies like rod however and even more important outcome of china's massive engagement abroad might be a changing business environment in many countries some countries have agreed to direct transactions in yuan rather than in u.s. dollars. or. shoot in iran analysis and within the next fifteen to twenty years we expect the belgian rate initiative to bring many interesting business opportunities. world markets are likely going to see more chinese investments in the future of

a more let's bring in our correspondent in taipei sohan su so good to see you laura vestment of course is not a bad thing but there are critics there saying that it's all about china gaining more influence by plunging others into debt are they right. well monica there is growing concern over china's political and economic influence many critics have talked about the negative impact on the host countries including that traps and land seizure and environmental degradation and some have talked about the difficulties of building a fair method for resolving disputes between china and its partners and a few have criticized the failure of the project to create adequate job for locals so there really lots of things that people people criticize about this project and the criticism to not only come from developed developing countries so the

international pressure is walking to compel china to make some changes and of course of course today people in beijing will expect some how do you think china will respond. or china will have to defend its image and the charter of the public to size the project to counter the allegation that the bill and roe initiated is just attempt to build a political influence and the chinese government is trying to find some ways is trying to find some way to take more control of the project officials and the participants including the toned down rhetoric and the code clear rules for stay on enterprises and to restricting the use of belt and rolled brand building overseas auditing and anti-corruption mechanism it's also stepping up efforts to get more developed countries to join end to spread the risk to build projects in poor

nations but it takes time to find out whether these measures are serious or just cosmetic all right just briefly if you would want to highlight of today's already in beijing. while. people believe that the chinese government want to preserve and the bill and rolled two point zero version that is a process of us has expanded to more than one hundred twenty countries including more than half of the e.u. members and i spend it as time mansion such as the polo route and the digital route so they are lots of highlights this year that we can expect right well sue. sue there reporting for us from taipei they thank you so much. the toga district court has announced scholars go on is said to be released after paying the equivalent of four and a half million dollars in bail before my auto tycoon had to been arrested in

november released on bail in march and then rearrested in april on new charges gold has been accused of financial misconduct and aggravated breach of trust he denies all charges brought against. facebook has posted a new more than fifty percent drop in quarterly profits as it put aside some three billion dollars to pay a looming fine from the federal trade commission for the first three months of the year came in at two point four billion dollars social media giant is being investigated following revelations that it shared personal data with british consulting firm cambridge analytical without users knowledge or consent by the plunging profits of the figures exceeded analyst expectations with strong advertising sales and rose in the company's instagram business offsetting some of the losses. mara let's bring in our financial correspondent it's in frankfurt profit plunged but it's not as bad as analysts expected so are these

results good about. they're good actually they're much better than the lists expected and that's the catchword that you need in the stock market and you know this came as news after wall street closed yesterday and already in post trading and wall street now in pre-training for the european trade in frankfurt the shares doing very well i would say it's soaring i took a look just a moment ago it's about fifty five or six percent better and that gives you an indication of how people evaluate this because underlying profit underlying business is strong despite the scandals despite what worries came up when the scandals emerged but the news about the money being put aside to pay the fed for to pay the fine is comforting to investors and the advertisers despite the scandal the customers they're still there and remember instagram is a money maker and of course there's another big tech giant also with surprising

results just like the difference microsoft what you make of that. yeah that's also something that's pleasing investors not going up quite as much in free trading here as facebook is but microsoft had a very strong quarter a net income of almost nine billion dollars an increase of one thousand percent in revenue going up by fourteen percent that's way better than people expected and here microsoft is benefiting from the cloud that seems to be the catch word in the tech business if you don't have a cloud you know you're not going to post these numbers as a.p. is profiting from it apple is as well and the microsoft share already because of expectations it's one of the winners this year so far twenty three percent up and twenty nine thousand. exciting ending see since i've been trying to thank you. well u.s. aircraft make boeing quarterly profits for steeply as it grapples with

a seven three seven max crisis the plane was grounded around the world after the models were involved in two fatal crashes within a six month span and fixing the fallout is coming at a billion dollar price following has also now abandoned its financial forecast for twenty nine thousand. the boeing seven three seven mox was supposed to bring the company into the future but now the model which had initially sold strongly has become its biggest liability in the first quarter alone the seven three seven max generated extra costs of a billion dollars and that's just the beginning because the seven three seven aircraft a currently grounded world wide boeing will face massive compensation payments to its customers the airlines there are also a power i should lawsuits mainly from the relatives of the victims of the two crashes an ethiopian airlines plane in march and the same seven three seven max model from indonesian lion air in october last year that would not survive as

boeing employees have made serious accusations against management from day war and it's just all been about scheduling our news get it done push the planes out we're behind schedule you know we don't have time to worry about issues that go burning stuff that they warned about sloppy work purchases that had seen production fragments and tool sealed inside aircraft bodywork potentially disastrous u.s. aviation authority the f.a.a. is carrying out a thorough review of boeing and the u.s. department of justice has launched a criminal investigation into the company's conduct surrounding the two crashes boeing denies the accusations. that's your business update here on d w four walk to visit us on our website all puddles facebook and twitter for me and the team in berlin thanks for keeping us company.

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a home worth saving. google ideas tell stories of creative people and innovative projects around the world like ideas that protect the climate boost green energy solutions and reforestation. interactive content to inspire people to take action the ideas the series of global three thousand on t.w. and online. and welcome to news from the world of arts and culture robert merrill and joining me shortly will be the world renowned cellists lonard as also coming up. france's bread of choice the baguettes really full ingredients why is it such. to make.

i think you've got too much clothing maybe elvis with over two thousand pairs of jeans and he really does need them. now when he was just a little boy. a box sweet for cello moved to so his mom very wisely sent him to a cello teacher now he's one of the world's top soloists and has before with old the major orchestras to great acclaim and he's even co-founded an entire symphony orchestra in bolivia. beethoven and bolivia. within just a few years of its birth you were cast to believe it has become one of the country's top orchestras co-founded by german cellist leo not. live in violinist. it was on a south american tour in two thousand and twenty.