forests and. tragic reality. starts july 24th. you are lawmakers will vote on a new commission president today the nominee is german defense minister also law on the line we ask business what do they expect from her shop she secured the bodies talk jobs. and also on the show the e.u. takes action against turkey put its gas drilling off the coast of cyprus we'll tell you what it means and how i'm kyra as respond. welcome to your business i want to get in berlin good to have you with us so all eyes are on the european parliament

today as lawmakers there are expected to confirm or reject germany's on the line as new commission president if she can secure the job and that's by no means certain she will have to leave the e.u. in a world increasingly dominated by china and the united states. when it comes to the e.u.'s economic relationships it's complicated u.s. president donald trump has threatened billions in tariffs on european products then there's the question of how to do business with china especially concerning demands to improve market access for european companies closer to home there's the tricky issue of britain's impending departure from the block and the impact that could have on business aside from navigating relationships there's the challenge of catching up on innovation to the e.u. has long lost its position as the world's technological vanguard digital success now appears more rooted in silicon valley and the tech hubs of chinese mega

businesses but if the e.u. is to regain its technological edge or is it our funder line doesn't want the blocks workers to foot the bill. in every country work should pay for a living if somebody is live working full time in a job it should pay for his or her living that is why i will fight for minimum wage in every country but still need to come out on top in tuesday's vote before she can take up that fight all right for more i'm joined by our director general of business europe in brussels good to have you with us this morning that was left on the line has held several ministerial offices from minister of labor and social affairs to her current position of course as german defense minister should she be confirmed as your commission president today what do you expect from her business was well 1st we hope the mrs and we will get strong support in parliament

today because we need a strong warriors in the world and we need to show that we are united at the moment where many in the world would like to be united. what can we expect from her has to be that strong voice in the world the strong voice in the world but right now she's certifying to get strong support you would condone that she would get strong support but she's a winning especially social democrats buys a jesting that she'll fight for a minimum wage across the block is that what europe needs right now to be more competitive where we think that wage said thing is is the competency of national sort of partners and we see that the where wages are saved and also minimum wages are set by nations social partners in functioning social partnerships it's working best so what we expect from the commission is to help also where the european social fund to make sure that the capacities that they are everywhere for good

collective bargaining on the one side but also to give breathing space to the national social partners to deal with this issue because they are dealing with the best ok that sounds a little bit like business once it's cake and eat it which reminds me of course of bricks it because from the line also indicated that you would support another extension should britain ask for one now is this pandering to the needs of one particular you member really in the interest of business well business is very much in favor in exploring all possibilities to avoid in the breakthrough because these would be harmful for everybody at the same time the ball is very much in the british came so far as the men of course our british friends would have to ask for an extension and 2nd it will be very important to see whether or not this comes along with a feasible project because of course you can not only prolong uncertainty forever as well what about climate change everybody is talking about it we can feel it

c o 2 tax is something that is very hotly debated how should the e.u. act. well business is very committed to climate neutrality and decoupling ization at the same time depending on what kind of tax you talk about if it is about than into you pinpricks we are more in favor of the emission trading system because we think a market based is the most better if it is a border takes adjustment of course we are only we will only be 5 percent of the emissions in the world in the year 2030 so we will need to look into opportunities how to inforce of view of the world politics adjustment there are still many question marks and we are not in favor yet but we agree that we should look at ways how to show to our trading partners in the world that we are serious about the compensation right there director general of business europe in brussels thank you

so much thank you meanwhile your member states have agreed to impose penalties against turkey over its gas drilling off the coast of cyprus the european union doesn't recognize the turkish claim to the north of the island but ankara insists its actions are in line with international law. it was the dispatching of this turkish drill ship to what cyprus considers its exclusive waters that prompted the cypriot government to raise the alarm with the e.u. last week. another ship soon followed. on monday e.u. finance ministers meeting in brussels discussed what to do about it. do you. the provocations of turkey are an acceptable to us all and we stand with the cypriots this is going to be and it's very clear that we stand behind cyprus this makes sense since we never recognize the turkish occupation of northern cyprus it's normal for cyprus to want to define its own natural resources or to be conducive to

. during their meeting the ministers agree to impose punitive measures on turkey i think lou the suspension of negotiations over an aviation deal the cancellation is senior political meetings and the reduction of funds earmarked for turkey as a prospective e.u. member experts estimate the seabed off cyprus holds more than 200000000000 cubic meters of natural gas deposits turkey insists its exploration of the area is legal the foreign ministry has also warned the tourney action by the e.u. is doomed to backfire. facebook is preparing to make the case for its plan to digital currency when it appears in front of us lawmakers later today the social media giant is hoping to persuade the senate banking committee that it takes concerns of a potential misuse seriously the company says the digital money known as a need will enable people without bank accounts to manage their money big names

including must account of these and have already promised their backing. but there's been no shortage of criticism either the latest 2 boys his concerns is u.s. treasury secretary stephen minucci that's a listen now to what he had to say on the eve of the hearings the treasury department has expressed very serious concerns that libor could be misused by money launderers and terrorist financing years. richo currencies such as bitcoin have been except exploited to support billions of dollars of illicit activity like cybercrime tax evasion extortion ransomware illicit drugs human trafficking. a lot of worries there in washington so what about frankfurt let's robin cope our financial market correspondent who is standing by the stock exchange for us daniel good morning to you i hope you're well the u.s.

treasury isn't too comfortable as we could just hear there in this in the sound bite when it comes to facebook cryptocurrency liberal what is the sentiment where you are. yeah there monica it is for sure a very controversial topic and will be also discussed on wednesday at the g. 7 finance ministers meeting outside of paris germans of germany's finance minister all of shows will be there along with the heads of the german central bank the german central bank is not in favor of crypto currencies at all they have even called them dangerous and compared them with gambling money in the past also traders here on the trading floor have been warning why other exchanges started for example bitcoin futures in the past dodgy birth of the operator here of the frankfurt stock exchange did not follow this trend all right but i believe there is some good news depending how you look at it german chemicals giant buyer looks like

they have to pay a little bit less than expected for round up. yeah but i would still say it's only a small relief because we are talking here about one lawsuit and many of them are still pending and it is believed the buyer will have to pay a $1000000.00 after 1000000 of us dollars in the near future because of the situation all of this is still making investors warry that the financial risk for the company is still extremely high of traders here in frankfurt have been warning from the beginning and have been very skeptical already by the time the merger was the most hated company in the world i guess we can call monsanto like that was announced they all believed already in the past that this could bring buyer at the end lots of problems and it seems they were right all right so just a tiny glimmer of hope a silver lining on the horizon therefore by may be danielle call the other friends with stock exchange will catch up with you later again thanks for now.

a while the rest of the e.u. debates the right way forward when it comes to going green the french island off sound off the coast of brittany already pretty much relies on renewable energy and now it wants to go a step further and become completely self-sufficient with the use of more green electricity. to run 15 kilometers off of france's atlantic coast suits. every day the tracks around 3000 tourists and boast the largest seen school in europe. the island already generate some of its own power from the wind turbine. and 2 solar power plants. that's usually enough to supply these restaurants the sailing school and much of the rest of sun nikola but eventually they're hoping to be able to rely entirely on renewable energy. or. just watch it when weather on an island or elsewhere in

france solar technology is going to develop massively electric vehicles in the means of storing electricity are also going to improve soon we will be able to consistently and balance the network in real time. the island already produces more energy than it consumes so through effective storage there should be enough in future to keep the lights on all day and all night. business update here ended up with you for now this was a come in the course of the day so do stay with us in the meantime you can find everything online or you follow us on twitter and facebook.

and on our. it's been 15 years since the movie. she was the 1st man to walk on the moon. as a small boy she dreamed of the stars. as a pilot she flew anything no matter how to introduce. a church or go to the pole.

is an astronaut he took part in the greatest adventure in history. oh i knew armstrong was his destiny starts july 20th on t.w. . hello 2 and welcome to news from the world of arts and culture the break dance festival stages some of the most spectacular opera productions in the world on a lake also coming up. for some violence law is a musician with a message and he'll be joining me in the studio. and in a 100 german must reads a book called the bustle feast about a family falling of problems in the family like ron. but

we begin with a brave dance festival in austria on lake constance and literally on lake constance the audience sits on the shoreline and the stage is on the lake lending itself to amazing productions which of course include the water and the incredible backdrop as part of its role for the performers in brigance it's quite a stretch as they have to do things they certainly never learned to college especially this year as the director is better known for making heavy metal videos this is opera like you've never seen before. always had a soft spot for new voices in break ins even for these young birds whose nest is inside a head it's part of the stage state it's a kind of scary clown some 14 meters high and weighing $140.00 tons moved with heavy machinery thing on sitting as he were moved along with it have to be totally safe we.