go to the. workers. watch out big take political leaders regulators and the courts are increasingly cracking down on a sprawling company's global market dominance. could a 2nd world war throw a spanner in the works the world's leading high tech economy. and. analysts say it won't happen quickly if the axe is already falling on jobs around

the globe. and let's do business big tech is bracing for a fresh assault on several fronts activist back at the european court of justice in luxembourg to challenge facebook in another case the right to privacy law the lost ones or a transatlantic data transfer system struck down over concerns u.s. spies could get access to the new data analysts say today's case could be even. privacy at the same time u.s. president trump is gearing up for a social media summit on thursday but the main online platform on facebook says it hasn't received an invitation to reports twitter has exploded the white house says digital leaders will discuss the opportunities and challenges of today's environment valley can expect a crackdown. on german economy minister peter mieris. tech and trade trip

to the u.s. he's visited tech giant google of maya has criticised the firm for its market dominance its parent company alphabet reigns supreme on the internet its take a look at the figures last year posted revenues amounting to nearly $137000000000.00 a profit of just under $31000000000.00 the lion's share of that was with advertising on google's web pages it's still the most used search engine with more than 90 percent market share and of course it's not just a search engine and any more google subsidiary you choose is in the lead as far as the video business goes another google property and draw it is the world's most popular mobile operating system google chrome is the most used internet browser and google maps the most successful online battling service every time someone uses these services google gathers datta your interests locations purchases so that those services are really free well i'm joined by tech reporter to raise

a look at to talk about big tech and this week's assaults on the big tech companies 1st of all let me know if consumers finally realizing that nothing's free in life that really everything is so convenient that it feels free and it does feel even more convenient when all of your products are into tide and to connect and they work seamlessly so it's also really hard for new companies to break into that scene which is just a walled garden of particular products because it makes life for consumers incredibly easy will that business model ever change i mean how could politicians get google to pay for that data well it's really difficult to have them pay for that data because we are giving it away and we are willingly giving it away and paying for it there are. some initiatives and sometimes you hear that talk on

technology conferences shouldn't who pay us for giving us our data for giving them our data but the reality is that a lot of people still like to share a lot online and producers and consumers these 2 roles are more and more interconnected on the internet does trump have what it takes to disrupt the data gathering business. that tech summit he has called in for example it's a it's a very great tech conference it's not really a summit because twitter and facebook on really invited so if you want to talk about big tech he is just trying to bring google which are is his favorite flash for the most we all know so far he hasn't really shown apart from vague threats about how to sue companies how we really want to service rep these companies what do you think about the german economy minister what he can achieve for google oh he can learn a lot from. this is part of google where he's going to visit except as the innovation

laboratory and there they're busy with a ton of must driving but also with k i n h l innovation which is something that germany is still lacking we still using it in process automation and overlooking machines and so i think there is a lot to learn there he wants to rival china at the u.s. on the other official intelligence from what chances does germany have i mean it has missed the boat not really missed the boat yet i mean still every 2nd startup and every 2nd i start up. this connected with with ai is services so there is potential but there is still a lot of skepticism within germany about the use of training starts and also the innovation is still a bit lacking so there are connections to the. demons and your health services

where i was doing great services for picture recognition but apart from that still needs to be a lot more money be taken into hands this year because germany has been throwing money at artificial intelligence but what no not the right strategy and not enough not enough exactly like for example china shanghai when they when they make a conference about ai they throw $2000000000.00 around in funds and this is as much as germany has been trying to use. a huge different stories look at thank you very much for coming in thank you japan has rebuffed south korea's calls to scrap export cope's the route could dramatically slow down global tech supply chains the 2 countries can't agree on compensation for forced labor during the 2nd world war. it's a controversial and painful issue for south koreans well talk you believe the 2 countries had turned a new page the route over compensation for forced labor during the 2nd world war

resurfaced. last year south korea's supreme court said a japanese steel company must compensate south koreans for their time of forced labor as during the war tokyo retaliated last week with restrictions on exports essential to south korea's tech industry that's causing worries in seoul. and i urge upon to withdraw its measures and for the 2 countries to have a sincere consultation on the vicious cycle of actions and counteraction is not desirable at all for both countries however our government cannot rule out countermeasures if the japanese actions inflicts damage on south korean companies. japan's restrictions will affect tech companies like samsung and hynix they in turn supply u.s. tech giant apple and china as well way the regional spot could soon become a global event south korea says it's planning to file

a complaint with the world trade organization over japan's restrictions. georgia bank shares tumbled by almost 5 and a half percent of wall street shareholders skeptical about the announcement of a grand restructuring plan that will slash 800000 jobs around the world the company is turning its back on the global equities market and cutting back on fixed income operations a move that will cost germany's biggest lend of billions of euros investors initially reacted positively to the plan however those early gains were raised after don't use finance chief expressed doubt the company will be back in the black by 2020. let's go over to frankfurt to our financial correspondent there only invest is a doubting whether or not this plan is going to work at other right. well they have lots of people who are confirming their doubts moody's for example

or fitch the 2 credit rating agencies and analysts such a p. morgan basically all saying the same thing they're doubting the speed that the bank has programmed projecting for these measures to work and they're doubting employee motivation they're looking at. significant leadership changes at the top as a possible source of disruption for the bank and when you talk to people here in frankfurt they're even doubting the wisdom of decreasing the investment banker tiffany's to the degree that they are because that could paralyze other areas of the bank and so there are lots of doubts so there i think the main doubts are that will be quickly and across the board all coming out as projected but only i thought investment banking was a main problem of voyages and that it was already taking action i mean we are seeing people leaving offices with that boxes and envelopes of redundancy

packages under their arms. that's right we see those images especially in new york but we also see here in sydney hong kong and in other asian offices that hold entire sales and trading teams were leaving the bank is cleaning up there some people doubt the wisdom of not but it's certain that investment banking has been costing a lot of money more than it's generating and that c.e.o. christian saving identifying here a main problem for the bank that he wants to see fixed in frankfurt for us thank you very much. eurozone finance ministers have welcomed croatia's application to join the county bloc calling the move a sign of confidence in the single currency the ministers say the measures that has taken in banking supervision governance and other key respects show its determination to be part of the euro family crisis or seeking to join a voluntary framework known as the exchange rate mechanism in which countries that

wish to join the euro keep their currency fluctuations within the bounds of their application is reviewed. and just finally sustainability is one of the chief concerns of many germans ikea wants to do with spot that's why customers in germany can now return they used furniture to ikea stores for resale of course it will be resold at a lower price in special secondhand departments ikea says it hopes the move will help lower its carbon footprint in its test phase the trade in program proved popular among customers in the german capital and could serve as a model for ikea locations around the world. they are up to date on all the business news from around the world i'm going to go to our web site if you want any more information i'll be back in a couple of hours from now otherwise nice doing business with you.

sometimes books more exciting than real life. what if there's no escape. list. to determine my street small the consumer the changes. making it

possible to be going to africa. fantastic right. as they set out to say feel. that i've learned from one another. and work together for the future. south. africa w. o n welcome to news from the world about some culture well we looking at the unusual history of drones in an exhibition in southern germany also. kung fu meets in a production of chinese tour and thought. and in our continuing series 100

german must reads a novel called why we took the car. drones have become really popular in the last 10 years due to technological advances which meant they were easier to control and at the same time federal aviation authorities began to give out commercial licenses soon you could be getting your post and certainly your parcels delivered by drone however an exhibition zeppelin museum in frederick solving in southern germany shows that drones in some form or have been around for centuries. the 1st drone in history launched a frenchman into the sky in 1783 of the landing in paris the hot balloon was attended by angry farmers. they had no information whatsoever about this experimental voyage they thought the hot air balloon was some sort of strong or something mysterious.