they're super shiny many hide themselves away zuckerberg secretive and then you'll sing going and going super rich definitely around 20000000000 more or less how do germany's wealthiest people live why do they keep such a low profile we have a snoop around to catch a glimpse top of the world the discreet lives of the super rich starts june 10th on the c.w. . they've been flying high but they're a stormy skies ahead the world's airlines need in seoul to chart of course a mixed trait tensions rising fuel prices and the grounding of the boeing 737 max also coming up it's one of germany's cool unary passions so why has one small town

become synonymous with white asparagus. but i'm to do that new business i want to get jones and berlin good to have you with us now then more problems for u.s. plane maker boeing the company has admitted that some of its 77 planes including the grounded 77 max aircraft may have faulty parts on their wings now this comes as global airlines have been meeting in seoul to discuss the future direction of the industry not long ago the south korean capital was at the center of a region seeing strong growth in air travel but now all that's in doubt. about the annual gathering of airline heavyweights the picture is grim surging oil prices are faltering global economy and fears over passenger safety it's been a charge bulent 12 months. that's a major demands robbers the trade wars and for tips in this measures are taking the toll on the cargo business and rising costs for fuel.

margins the industry has cut its profit forecast by a expecting to take home 20000000000 dollars this year that shafter icelandic airline while air went bankrupt in march the latest in a flurry of field flight operators and not referred to in the profit warning the truth be told boeing 737 much crushes and the continued groaning of the fleet has plunged aviation into a crisis. well news that hundreds of 70 seven's may have faulty wing parts only added to the uncertainty. back in south korea yet as boss said trust had been damaged but try to summon some positivity look into the future the outlook is optimistic the man's whole cost double over the next 2 decades with the cost of travel 40 percent lower than

a decade ago the freedom to fly is reaching more people than ever such growing demand has forced the industry to reckon with its environmental impact members backed calls for an international carbon offsetting and reduction scheme. of a well it's being indeed obvious 5 encourage more who's been at that conference in seoul fabienne this is i at us 1st big gathering since those 2 deadly boeing 737 max crashes how has that impacted the industry. well of course that was the big topic in most of the panels here in this conference where. representatives from 298 i'm carriers have been gathering the boeing 737 max was the fastest selling model of that company but they have been grounded since march and the industry has actually been cautious in deciding about when we enter into service will be costly for the c.e.o. if you will be elected i intend to be

a chairman and said that responsibility comes 1st and also gaining public trust and to deal with it met her organization will hold a meeting on june 26th to meet with manufacturers and regulators and then build the site about the point 737 makes of this but they could not provide a time frame yes of course this is also one factor is why they cut their growth outlook for the next year as of course that aside the industry is also bracing for the impact of that straight tensions affecting a particular day at cargo traffic how serious is that. that's probably the biggest threat i mean $7500000000.00 u.s. dollars in profits were basically wiped off mostly because of the trade issue between the u.s. and china until now it has mostly affect congo traffic for example

tons of it have been grounding 3 of their cobbled planes and it's unclear whether they will fly again in the near future and also the chairman of the i sense that in the future also trends of. passenger traffic will be affected by the trains or and another thing that should also not be forgotten is the rights of fuel prices and that's a trend that will likely continue also in the next years and of course just very briefly there is talk of downsizing when it comes to passenger comfort is that the industry response to cost cutting measures that you talked about or we've seen big players going bankrupt like in years jet airways also south korea's 2nd biggest carrier us yana is really on the watch of bankruptcy and is up for sale but i think that also has to do with another think they're basically presenting the industry in a more modest way making travel more sustainable just as the brand this is growing

that. yeah you know traffic is one of the big factor us contributing to climate change right there reporting from seoul from the conference thank you so much. india says it's unfortunate that the u.s. has decided to end its preferential trade treatment but you daily also stressed that it would always act in its national interest of trade now this comes after u.s. president donald trump decided to cancel india's classification as a beneficiary developing country transit india had not assured us that it would provide equitable and reasonable access to its markets. meanwhile china has set out prerequisites for a u.s. china trade deal in a white paper and daniel cooper is standing by for the franklin stock exchange daniel one prerequisite is with us to remove all additional tariffs imposed on chinese goods how likely is that why i guess when you talk to traders here on the

trading floor monica not very likely at all they are monitoring all this latest development this very strong rhetoric between washington and beijing with great concern because some weeks ago yes there was some hope that a solution for this ongoing trade conflict can be found but when you take a look right now at the latest comments made by the u.s. president for even higher tears on china's products this does not seem to be a very good idea because we have to remember officially they are still talking you mentioned this a white paper that was released by the chinese government there stating in this paper that yes they are still willing to negotiate but on the other hand they are also ready for this trade war between the 2 countries or asian markets certainly don't seem too optimistic about that prospect they started the week in negative territory how's europe holding up. well we're seeing as

a similar situation here happening on the european markets as well when you take a look at the blue chip index right now down with more than 70 point this is happening after already in may was the worst minds off of the blue chip index dax this year the dax down by more than 6 and a half percent and also when you take a look at the other markets at the footsie 100 in london at that cat 40 in paris we're seeing a similar situation there as well very interesting the swiss franc on this hires level since 2 years it seems that investors are looking right now for safe havens. in frankfurt thank you so much. and now to some other global business stories making the news. a us poll of economic forecasters put the chances of a recession by the end of 2020 at 60 percent almost double the forecast 3 months ago respondents said that they cut growth forecasts as donald trump just battle

with major trading partners over tariffs. german chip maker infinium technologies has agreed to buy u.s. rival cypress semiconductors in a deal worth 9000000000 euros including debt and finian c.e.o. is calling the acquisition of cypress a quote landmark step in the company's strategic development the transaction is said to be completed by early next year. and thai authorities are investigating a fire that roared through bangkok famous weekend market on sunday the place destroyed some 200 shops inside the densely packed bazaar known as the world's largest weekend market it is popular with locals and tourists and. where cheddar cheese brussels sprouts new york cheesecake have you ever wondered how a place gets associated with a particular food well here in germany asparagus especially the white trying to consider it

a delicacy and one small town just outside the capital has gone all out to claim it as its own. this is dealing with a town of 12000 people known for one thing and one thing only. as barry guests the people here love the vegetable so much they've dedicated a whole festival to us as a foster are you just parrots nearly every day up with this mayor or put on a few kilos but that's just how it is when you're the mayor of an agricultural town it's best quote tenderly with hollandaise sauce and served for the pork or veal steak and potatoes there are endless variations of asparagus were. they're a star dessert or in a salad it's just a simply wonderful vegetable. and fucking yard of good music each year the town crimes a local woman asparagus queen vaseline your 1st and foremost you're a representative you represent asparagus mark there's

a bit of marketing involved you're the face of it there are a lot of photos but you're also a source of information a lot of people don't really know much about asparagus it's about being able to share your knowledge with. us and us we're actually on so how did a small town's economic and cultural life come to be defined by asparagus. it all began with this cauliflower vilhelm haired man back in 861 he planted the 1st asparagus in. the loose sandy earth of the region proved ideal for the crop in the following decades billets became known as the sparkle the asparagus town. but the good times weren't to last journal world war 2 production plummeted then after a brief renee sands growth was once again curbed this time because of collectivize ation in communist ruled east germany. after the country's reunification the

asparagus tradition was revived and production what's again skyrocketed. since 2018 the european union has even recognized billets asparagus as a protected brand which steve harvey told of juju the tradition and the quality of this asparagus we wanted to protect the brand it was a long journey for the asparagus farmers in the end the e.u. gave us a seal of approval and last year we got the certification we're proud to have a protected label. proof if everyone was needed that in big says barack it says something that's worth making a song in the values. and that's your business update here and thanks for watching the big.

laughs. from make fun about their own social economic and political pop. in mozambique we say that you have to ask so you don't write it's how people call me dating. as a journalist i often talk about these topics and that bias will be less helpful to

the. electors last night day by checking on all those jokes finding out what people are talking about what is holding them. my father taught me how to ask uncomfortable questions about my country and about what that is what i keep doing to the state my name is that the school and i work at the deputy. whip that these are members of one of the most notorious armed vigilante groups in the us operating in new mexico they try to apprehend people crossing the border and hand them over to u.s. border patrol the united constitutional patriots were accused of pointing assault rifles or people their leader was arrested for alleged unlawful possession of

firearms and ammunition. so now they have a new name for guardian patriots their spokesman jim venditti says they are honest citizens defense group but that aim is the same to stop migrants. jim bamby says he goes out on patrol to save his country to save it from illegal immigrants and what he considers dangerous people coming into the u.s. from mexico. still every day he. meets other members of the guardian patriots they meet in the desert not far from el paso . the militia has been described in the u.s. media as being close to the far right but the members deny this nevertheless many

of them do not want.