consumerism is causing a radical depletion 1st. for 25. months. tragic reality. which. starts july 24th. brads gets down to brass tacks and says it's time for attack tax is the 1st country to hit the likes of google apple facebook and amazon with higher taxes but the u.s. is threatening to hit back. an international warnings against facebook's cryptocurrency project are mounting blippy over before the start. chinese

tourists have discovered the high seas and those who stayed around for ever do ships. this is d.w. business i'm joined now the milan in berlin welcome in a world 1st france has passed the law taxing the world's tech giants and in so doing provoked an angry response from the u.s. the white house says they unfairly target american companies like facebook apple google and amazon and as threatened punitive trade measures against paris. big technology companies like google amazon and facebook operating in france will soon be paying more tax france's senate has approved a 3 percent tax on tech companies doing business there the aim is to plug a taxation gap that allowed some internet heavyweights to avoid tax in countries where they make their profits and to book their income in low tax countries like ireland it's estimated the levy could net france $400000000.00 euros this year and

650000000 next year before the vote french finance minister blair spoke out against the growing power of big tech. start. we can all see the emergence of economic giants with monopolistic attributes who not only want to control the maximum amount of data and make money with this data but also to go further than that by in the absence of rules avoiding taxes and putting into place instruments that could tomorrow become a sovereign currency. keep would do mom pawn would reform didn't win this one. but even before the legislation was through u.s. president donald trump had ordered an investigation the u.s. warned that if the law passed it would activate section 301 of the u.s. trade act that authorizes retaliation against a foreign government whose trade policies or practices deemed unjustified

unreasonable or discriminatory or that they restrict u.s. commerce france is the 1st major economy to impose a tax on big tech but other e.u. countries including austria britain spain and italy have also announced plans for digital taxes. our financial correspondent joins us now from wall street so what's the word are we looking at the beginnings of another trade war this time between the u.s. and france. at this point washington does not seem to be amused or let's put it this way and this there from france is pretty unusual because they're not going after profits after texas but after revenue but at least for once silicon valley is applauding the current administration there are a mess of lobbying efforts underway sold to kind of support the u.s.

government to not just let this new fly but we don't have just to talk about france also the united states there are debates going on how to text those digital corporations about to come back to your question will the trigger in new trade disputes that is really true early at this point for now washington just said they're looking into the matter well we'll know more in a few weeks but stay with us stance because there is more to address now during that tech tax debate in paris finance minister bruno lemaire also took a strong stance against facebook's fictional currency libra this is what he had to say immediately national feeling still i'm determined to prevent facebook's financial instrument libra from becoming a fully fledged currency that would compete with national sovereign currencies because i will never accept seeing corporations become private states.

where the ends quarter now and new york so yes lemaire sees a threat we've also heard from fed chief jerome powell he's talked about the risk to the system from crypto currencies like libra so would you say this is a project that could be doomed to fail before it's even started. i wouldn't call it the end yet but old soul democrats here in the united states facebook to at least put the plans of libra on hold and if you look especially. face for their track record how they deal with as they use their data it's not necessarily picture perfect so there is a lot of opposition to bill's plans and you can also see it when you look at their current cryptocurrency it's like a big coins for example when facebook announced those plans for libra we saw big corn skyrocketing and now that the whole project is in jeopardy if we see actually

quite some pressure because it's just here on thursday we're off by almost $500.00 so it is difficult to say if it's the end but it clearly will be very very difficult to get through by the way there is also discussion going on facebook should be broken up and if such a company comes with their own cryptocurrency or their leader in that field that's not going to be easy to get that regulators of the central banks always a lot to talk about when it comes to tech companies yes quite out there on wall street for us thank you very much. now just days after slashing 18000 jobs and scrapping its global equities unit u.s. authorities are reportedly investigating deutsche bank the progun cern's corruption and anti money laundering allegations surrounding malaysia's solver and wealth fund one m d b u.s. authorities say 4 and a half $1000000000.00 were stolen from a one m.

d.b. and spent on everything from yachts to expensive art door to buy and help raise over a $1000000000.00 for one m. d.b. in 2014 even as concerns about the fund began to circulate. now the health benefits of exercise have long been documented but what about its positive effect on the climate in california one facility is looking at one way to transform physical activity into renewable energy. this is not just with shaping bodies it also produces electricity around 11 minute at a relaxed pace this treadmill doesn't move automatically it only moves when someone is using it. and as you see behind me having somebody right now exercising their sizing and burning calories they're actually able to produce watts which we use energy to power the facility itself so we're harnessing the human power to produce clean energy at the finish so. in order to convert the energy into electricity what

are called inverted generators were built into the machine yes they are similar to those found in solar panels and wind turbines excess current is stored in a battery so everything remains bright even during hours when fewer people are working out. i wouldn't i would like for jammers to be able to power entire city block on its own right produce enough energy to power their own within the facility and then have the excess energy to power that. one spinning course for example can generate between 100-2500 watts of energy that would run a refrigerator for a while but creating enough energy for an entire district would require a lot of people working at the same time and working up a big sweat. they've long been the preserve of the wealthy american retirees looking to see the world after a lifetime of work but increasingly chinese tourists are taking to the seas

creating a growing market for cruise ships and the industry is the term and not to miss the boat. welcome aboard the spectrum of the seas one of a generation of new cruise liners built specifically for the asian market gone of the formal dinner dances and bingo halls perhaps associated with the traditional cruise traveler they've been replaced with robotic bartenders and other top end tech it's all in an attempt to appeal to a growing market china the u.s. remains by far the biggest source of seafaring tourists in the world there were 13100000 of them last year but now in 2nd place sits china where 2400000 people took a cruise ship holiday joining 28 teams that puts it ahead of other traditionally big markets such as germany u.k. and ireland and australia. 2 a companies in china say infusing us and for cruises is growing as more and more chinese gain the wealth needed to see the world we can

see that the ships that get in. here and there are more things like living on the ship is like living. daily living you can live on the ship but they say well getting. to the construction of big a fancier ships is seen as a major problem particularly by environmentalists last month activists prevented a ship from leaving the german port of kill citing the large amounts of so for oxide the boats pump out to sea communities in tom cruise destinations of also complained about their impact this a parent's near miss between a ship and a smaller boat in venice is congested canals caught on camera at the weekend as for the few of the movements to get them banned from the italian city. new industry regulations will force cruise companies to cut their emissions next year propelled by chinese growth will continue to ferry millions of people to destinations all around the world including some where they're not always welcome. and before we let

you go some news on germans weapons exports they are on the rise again berlin has already approved arms exports this year worth $5300000000.00 euros that's more than the total for all of last year it's an abrupt change after years of decline in weapon sales hungary buys the most about the news from germany egypt and the united arab emirates are also big customers they've both faced criticism for their role in the am and civil war. and that's it for me and the d.w. business team for more check out our website d.w. dot com slash business or a social media feeds will leave you now with this quick check on light on global markets. and in berlin thank you for watching.

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mob the 1st time to overcome their own tribes. and connect the world good. times for nothing. news coming up ahead. minds. and i'm. i am. i am i have. been 15 years since the moon landing. she was the 1st man to walk on the moon. and all i ever. as a small boy he dreamed of the stars. as a pilot he flew anything no matter how dangerous. a church or go to them.

as an astronaut he took part in the greatest adventure in history. but he wrote a legend or simply a human being who was neil armstrong. the moon was his destiny starts july 20th on t.w. . look at a. baby simba is annoying to once again as the future of a lion king this time and the breath taking pimp puter animation. welcome to arts and culture where we're giving you a look at disney's newest remake and all its i blistering detail can the new lion

king live up to fans' expectations also coming up artist activists say he transforms a paris landmark with his biodegradable paintings that impacts the viewer not the plans. and her beats have got the electronic music capitol berlin. for robbing lebanese d.j. norden job it talks about the healing power of art techno. but 1st disney's film production chief calls it a new form of filmmaking somewhere between c.g.i. and live action but new lion king comes 25 years after the original cartoon became an instant classic and that's long enough for disney to feel that it's time for an upgrade the new movie had cinemas next week it tells the exact same story with a very new look and with the voices of stars including beyonce seth rogen and donald glover also in.