if you have any to learn german why not with him it's simple online on your mobile and free. t.w. zealand in course need to speak german made easy. facebook is going crypto after rumors have been flying for months the social media company finally presents its new crypto currency will it really gives additional payment systems a run for their money. and official numbers are hard to come by but it appears more chinese tourists are flocking to north korea than ever before. and it's harvest time for cherries in america but nobody knows exactly how many it's a pick for exports because of higher tariffs to china. business business news. can facebook take cryptocurrency main street the

world's largest social network unveiled the digital coin it plans to roll out next year the project is called libera according to media reports and proponents say it could revolutionize digital payments under a single streamlined currency more than a dozen global firms will invest in and govern the currency like master card vodafone and this group was supposedly wall of control of the currency from facebook itself the facebook will be a basket of global currencies like the dollar and the euro or the pound to shield it from the wild fluctuations that has plagued bitcoin and scared off many average investors and potential users but will the new cryptocurrency catch on facebook bets the state of the social network alone with 2400000000 monthly users will forge a new huge marketplace for streamline purchases and exchanges facebook also says liberals. up to bridge the so-called banking gap given the 1700000000 people around

the world to do not have a bank account a secure alternative to catch facebook c.e.o. mark zuckerberg already already had this to say about the project which will be officially announced later on tuesday i believe that it should be as easy to send money to someone as it is to send a photo so we're already testing this in india we've got a 1000000 people it's been used a lot in the feedback so far is great and we're already working on rolling this out in a number of other countries later this year marks are about that joining me here in the studio is jeff gallus he's an investment entrepreneur specializing in a block chain application that is the technology that underpins all major digital currency is jeff we have bitcoin we have a theory among many other crypto currencies do we really need to see any promise there and while i don't know if we needed. i would kind of separated from what you

just mentioned bitcoin or theorem if they use the same name crypto currency. and i kind of doubt a remains to be seen if it is a proper krinsky that has because. the currency is bitcoin the promise was that it's decentralized immutable unsensible have no censorship there and everybody can access it and facebook is kind of building on that promise. whether it's unsensible . in the cryptocurrency market that kind of would be called a stable coin because it is relatively stable compared to bitcoin for example which has been ever since i saw the world mostly going up which is a really bad thing but something has been going down too so so it's like providing some stability is definitely something a lot of people want especially in international payments. and i think facebook can probably provide that but facebook is not the only one doing that it's a bit of

a bust of business between the free ranging wild up and down that bitcoin provides and it's been a bit of both normal currency and. it's trying to bring traditional currencies into digital market and one of the one of the issues i see here is that facebook with the global power and lots of uses that will probably use this corporate currency has a potential to seriously undermine the national currencies especially smaller ones and kind of start to make the rules i would have come to the next question does it really i mean the sheer power that facebook has with these 2 point $4000000000.00 monthly users is that you really reckon it could be become dangerous to the dollar for example not dangers necessarily but they can become an influential player because they are one of their business model for libor as actually they want to hold a bit of currencies and also invest money in traditional markets to and mostly

make money on the percentage that they make so they will have a good amount of euros or dollars in their basket so for example taking on the dollar even if the threat could be something that can have some political will most likely in the future have some political implications that is an interesting point will they have comparable power i mean if it really goes off will facebook or the people controlling that coin have a similar power to say the fed. well i think in that sense they might and that might sound threatening but maybe it's even a good thing because there was one of the reasons because started to challenge the traditional currency system to challenge traditional banks in the way they do business and to take the power out of political thing or political actors and give it to a lot of people and given it to companies even though big companies is maybe one

step in diversifying the currency the global currency culture if you will just call us thank you very much welcome to the studio today china's premier g. jinping will visit north korea's kim jong un later this week but he's by no means the only person from china taking a trip to the secretive communist dictatorship increased global attention on north korea has pushed the number of chinese tourists going there to record high. an inscription on the friendship tower in central pyongyang speaks of north korean and chinese efforts to smash down a common enemy it commemorates troops sent from china to help battle u.s. led un forces during the korean war. 7 decades later the chinese are again arriving in their thousands this time as tourists for $2500.00 yuan around $360.00 they can take a 3 day trip that takes in the sights of the country's capital. i feel

there are more chinese coming to visit some places you went to had long queues. the number of people arriving is putting a strain on infrastructure in pyongyang although there are no official figures from either side tour guides say the number of chinese as it is is at a record high the market of tourism to north korea has always been dominated by chinese tourists of course but in the last year the numbers have been huge sometimes up to 2000 people per day going to pyongyang there was recently a policy announced to restrict the number of tourists arriving in pyongyang to 1000 per day but there is some concern about. too many people visiting the u.s. has banned it citizens and traveling to north korea but the country's tourism industry is one of the aspects of the economy not affected by u.n. sanctions that potentially gives beijing space to use it as an incentive when

seeking to bring its wayward ally in from the cold. shares in the heavy industries were down after it emerged the japanese company was in talks with canadian plane maker bombardier about buying its regional jet program paris air show mitsubishi aircraft said it was planning to overhaul its passenger plane development it looks like they need help initial deliveries of japan's 1st a mystically built jet airliner were delayed. 5 times but not sufficient just said it has high hopes for the space jet which seats around 90 so far it has received more than $400.00 orders. brazilian construction. as filed for bankruptcy protection to restructure $13000000000.00 in debt the company has spent the last 5 years embroiled in one of the world's biggest corruption investigations operation car wash or depression other construction

companies formed a cartel to distribute government construction contracts and ben farmer the percentage into politicized pockets or the way it said that it and its subsidiaries would continue operating normally during the debt restructuring the company which 5 years ago employed one 180000 people is now down to just 48000 of these. global shares have ticked up puts after the president of the european central bank said it was ready to cut interest rates and provide stimulus if the economy needed it easy the president mario druggies announcement signals one of the biggest policy reversals of his 8 year tenure after 4 years of unprecedented stimulus to revive the eurozone economy the z.b. have been preparing markets school policy tightening normalization global factors such as the us china trade war have meant lower growth than expected. the ongoing trade dispute between china and the us is increasingly making itself felt

in the real world of business and agriculture while the white house and beijing keep throwing new tariff said one another farmers in the u.s. are beginning to feel the pinch and also how important the chinese market has become for them on the banks of the columbia river in washington state the cherry harvest is about to begin summertime is cherry time peak season for pickers and growers. mark craig's and his family have been cherry farmers for decades. it takes a lot of money it's a lot of sweat a lot of blood lot of tears to get a crop in production and when we get to this time of year when most of the costs are involved it's harvest time 3rd of our cost could be could be involved at harvest most of the sweet cherries here are heading for china but this year's harvest comes at a difficult time for american farmers. last year with china's tariffs came into place our costs to consumer cost in china rose as much as 40 percent and with the

increased cost market typically the market's going to buy less fruit and that 40 percent increase ended up coming out of our bottom line as well and the trade war is escalating since the beginning of the month the chinese have imposed additional punitive tariffs on $60000000000.00 worth of u.s. goods. many products including fruit are now subject to do he's have up to 25 percent the effects are passed through the entire production chain. if it's resolved we hope to be able to get back to where we were which china in regards to export cherry but every time there's a pick up from a country or region in the world just applying it hard to get world other countries and regions step in and fill that. in the meantime the harvest waits for no one to cherry's must be picked when they're just right sorted and packed and these farmers hope they'll find a market before they spoil. and that's it for me the business as

a teen ambulance more business news on background stories of course on d w the comps show business watching a state. news is up next friday after this quick look.

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. this is you know we do is live from berlin raising a red flag germany's top security official says the political assassination of a local politician is an alarm bell for german democracy or say off for germany's interior minister calls the fatal shooting of politicians all to look at the earlier this month repulsive and says it's evidence of the dangerous new face of right wing extremism also coming up a fresh apology from hong kong's leader kerry last for the on rest sparked by her controversial extradition built.