nelda milan will have that story and all of your business headlines coming up on new business and don't forget you can always get the latest updates by following us on twitter our handle there at the news thank you for watching. bursts. oh two of species. we're seeing if you can. get those are big changes and most start with small steps but. do you know still stories of creative just people and innovative projects around the world. but is the term limited to screen shots and resource or should. interactive content to choose the next generation who doesn't

want to touch it. using the channels available to inspire people to turn connection. and we're determined to do something here for the next generation. sfi environment series of global three thousand on. the envy of the world that's what donald trump is calling the u.s. after a record breaking jobs report smashes all expectations but should he actually take credit for it. also want to show an effort between thirty two countries to find a common way to navigate the brave new world of super fast by dream goalball network technology and servers the u.s. says that exclude china's well wait. and it's getting crowded in

kingsland day fans of the hit t.v. series game of thrones are flocking to croatia to visit some of the shooting location but many locals feel overwhelmed by the amount found tourism. welcome to the it obvious business i'm to nelda milan in berlin thank you very much for joining us we start in the u.s. where the labor market is booming well over a quarter of a million jobs were added last month continuing a long streak of employment creation unemployment has fallen to its lowest level in close to fifty years and the world's largest economy is on track for the longest expansion in history. it's a good time to be looking for work in america for almost four years now the u.s. economy has seen its job count increase every month the boom shows little sign of ending anytime soon according to the latest figures from the u.s. department of labor the u.s.

unemployment rate has fallen to three point six percent the lowest since december nine hundred sixty nine since the end of the financial crisis unemployment has fallen steadily every year from a high of nine point nine percent in april twenty ten to the current historic low. although the u.s. economy had entered a prolonged period of job creation and growth long before he came to office in twenty sixteen president donald trump has been quick to take the credit analysts were staying focused on the economic slow suggesting the data shows the u.s. economy is not losing momentum our financial correspondent joins us now from new york and now do these numbers definitively mean that the earlier concerns over the u.s. economy's health were unfounded. well at this point did clearly seems that we do not have to be concerned about recession any time soon a pretty healthy job numbers that we've got that does not necessarily mean that

everything is picture perfect but those fears that spooked the markets especially. briefly before christmas that there might be a recession at the horizon seem to be overblown at this point and interestingly enough still the federal reserve sees no reason at all to increase interest rates for wall street that's almost an ideal environment but how much does this core growth have to do with trump's tax cuts and moves to deregulate well i mean the tax cuts first of all they're going to phase out at some point and what we've seen in the past is yes lower taxes have been good for profits for u.s. corporations but the companies have not necessarily invested more they use them those tax cuts to buy back stock good to increase their dividend a lot of the money has not been invested and also is the regulation i do not

believe that those are the key factors that we see this healthy job market and as referred to earlier this trend already started about ten years ago thank you young's quarter there on wall street for us cyber security officials from around the world are meeting in prague and they announced a series of proposals to guide the global build out of five g. networks they include a policy of respecting national sovereignty in setting security requirements the conference took place amid a washington led push to ban chinese tech supplier weiwei from the building of these networks and to convince allies to do the same. the prague agreement might not mention huawei but the u.s. representative at the two day conference in five g. made clear who the allies should or should not trust we hope that like minded governments will avoid committing to any one system or vendor until they are able

to properly set and compare available technologies and fully assess risks across the lifecycle of side g. networks installation and operation steinman's comments were clearly targeted a trois way whose hardware is already banned in the u.s. for months the u.s. government has been trying to convince other governments to follow suit and exclude the chinese telecoms equipment maker to the company is the global leader in its field and is said to have the best technology but some accuse the firm of being too close to beijing and enabling the chinese government to spy on countries working with while way hardware so far away remains optimistic about their global perspective. so far we've shipped more than forty thousand five hundred base stations around the world in china korea across europe and the middle east. and we've signed more than thirty commercial five hundred contracts so far twenty one thousand we see is the year of five g.

twenty five thousand people. there's a journey ahead but the early signs are very encouraging several european countries are set to auction five g. licenses this year their main decision is whether to follow washington sleet or to trust our way and anger the us government joining us now is helena humphrey our washington correspondent helena it's great to see you why has the us been intervening and who gets to build which part of other countries five hundred networks. two overarching reasons for you to now essentially we do have to acknowledge that the trumpet ministration has been extremely hawkish on china in terms of its economic power what influence and reach that's one reason secondly of course that allegation from washington d.c. that hardware made by huawei will be used to spy on sensitive information now the argument from washington d.c.

is it can ban the hardware being used at government agencies here and indeed it has done for a for example when it comes to liaising with allies such as britain for example the connection may not then be secure with london for example in classified information which would be transmitted there if for example the u.k. used that hardware from quote way a threat to intelligence sharing then but how effective has the u.s. been in its wake up in i would say it's faltering at the moment it's janiero even allies haven't necessarily got on board with washington d.c. the u.s. saying that it may stop sharing intelligence but of course that could backfire as well if you look at the european union for example the commission has left it up to individual member states at this site at this moment to decide how they go about pursuing potentially working with huawei just recommending that they conduct risk assessment instead and for example if you take a look at germany this is

a country which would be reluctant to cut its nose to spite its face when it's lacking on other digital infrastructure always still in the game that helena home free in washington there for us thank you very much. ober has been hit with a class action lawsuit in australia shortly before the ride sharing firm's much awaited initial public offering a taxi driver say knowingly broke australian law to gain a competitive edge they're demanding compensation for lost income the lawsuit is yet another reminder of the regulatory battles ahead of its upcoming i.p.o. . shame shame shame a famous line from one of the most iconic scenes in t.v.'s game of thrones it was shot in croatia in the heart of the old town it's open for any found to see up close and to be able to walk in the footsteps of famous characters the problem is

too many of them seem to be doing just that and the city is having trouble coping. with. tourists visiting to broad neck enjoy acting out the scenes of the popular us series game of thrones set the spots where they were actually shot tour guide mario surf takes some to the film locations the tour cost twenty euros per person he now has three employees so business is booming last year one point two million people visit it dubrovnik. it's not just to give to the phone the newest star wars. film no doubt been a good thing you were just one few even told it would seem here with bigger star should come on the fool be here or that helps a lot. every morning tourists converge on the old town. during high season around eighteen to twenty thousand people walk through its

narrow streets each day. of course not all are game of thrones fans but the fantasy series is especially popular with younger tourists. the city council has discussed limiting the throng of visitors even many of them think that's a good idea. sometimes. i'm still going to do that because of the ways of going to do many of you and you don't diagnose feed of the please join. the entire old town has adjusted to mass tourism. the cityscape is dominated by souvenir shops hotels and restaurants the us go world heritage site is a bonanza for the croatian tourism industry. too much people sometimes much trouble most or believe that it was fooled. by the little boat and the limitations of the ship. and surf is also critical of the mass tourism.

as dubrovnik reaches its limits he suggests upping up efforts to rein in the chaos . we just need to. it's a first step each day just to cruise ships are allowed to dock in the port of dubrovnik but that's unlikely to do much to limit the crush of visitors and the long term the tourist season has just begun. and that's it for me and the business team and berlin for more business news and features you can always visit the dot com slash business thank you so much for watching.

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