2 2 2 2 2 2 does facebook's new crypto currency a threat to central banks leading g 7 economies say they need to act fast to contain libra before it debuts in 2020 we have to details. and next time you buy a lamborghini take a good look under the hood fakes are popping up from brazil to iran. this is your

business report i'm stephen beard's in berlin thanks for watching how seriously are governments taking facebook's plans to launch its cryptocurrency currency libra next year serious enough that finance ministers from 7 leading global economies spent much of wednesday talking about how to rein in the coin they focused on concerns like money laundering and data security but they also worried about what libra might mean for the global monetary system. the castle north of paris provided grand surroundings for the big discussion of the day arriving in shanty financial leaders said they were determined to ensure the regulator reground was prepared for the arrival of facebook's libra the given finance bill g 7 finance ministers and central bankers sitting together here all have grave concerns about facebook's proposals of 7 cells the goal of very carefully checking that all current regulations are being complied with and checking whether the rules need to be changed for the future so that we can ensure the stability of international

financial systems systems good morning. if labor is to be used for payments it will have a significant impact on the economy and financial system if facebook wants it to be used globally countries must seek a globally coordinated response. or you dismiss. central bankers don't appear to have been at all convinced by facebook's assurances that it has no intention of competing with sovereign currencies i will only launch libra once regulators are satisfied. her skepticism around the table wasn't limited to facebook french finance minister bruno lemaire used the opportunity to his counterparts to join france in taxing many of the biggest internet firms. and a cool new city this is an agreement between the g 7 nations would be decisive if we don't reach consensus that this level though over these 2 days it will be very difficult to reach consensus among the 129 members of the o.e.c.d.

. shante has a great history of horse racing mr lemaire was treated to a tour of its famous stables with challenges such as libra on their way the g 7 seems determined to get a head start. e.u. antitrust regulators will investigate online retailer amazon to see if it uses data from 3rd party merchants to improve its own market position the. from the office of the e.u. competition commissioner a stocker follows complaints from merchants who say click and purchase data on their sells through the site are being used to improve amazon's positioning of its own merchandise coincidentally germany's antitrust authority announced wednesday an agreement with amazon for the retailer to assume more liability for 3rd party order fulfillment and let's check in with our financial correspondent in new york he ends quarter yes europe once again applying pressure on

a an american tech giant any reaction there on wall street to these announcements well i mean we did see it takes stocks a little bit under pressure here in the wednesday session and we do not just get the regulatory oh political pressure out of europe but also within the united states there is quite a debate going on but interestingly enough wall street does not seem to be too concerned at least at this point if you look at companies like amazon but also. google or apple or other companies they're all almost at a record high talking about record to seem to be a little bit of confusion and uncertainty what effect the trade negotiations between the u.s. and china might bring and that is actually causing some pressure not just here on wednesday but to all week long so the record in the recent record to rally that we had here on wall street at least for now is put on hold and you have to ask you

about another one of those big american firms netflix it shares were punished after reporting lower than expected subscriber numbers in its quarterly report briefly why the strong reaction. you're not pretty at all and some analysts here on wall street are saying that this quarter actually could be a sign that the best days are for netflix are behind them especially if you look at subscriber growth globally netflix only added about them half the subscribers they were looking for and here in the united states there was even a decrease of subscribers by about $130000.00 and all of that before the real competition is going to kick in by the end of next year and this year and next year when a lot of the big media companies like will disney it will start their own streaming services and the stock for a netflix and then 1st initial after our reaction was down by a good 12 percent streaming market there in the u.s.

again a lot tighter quarter with the latest in new york thank you the international monetary fund has warned that international trade is slowing a caution comes as the i.m.f. which coordinates global monetary policy releases its annual look at trade not surprisingly it's urging nations to avoid further conflict. this year's external sector report shows that the world is doing less business with itself confused with the i.m.f. chief economist explain. we are seeing global growth global trade grilled slow which tells you that this is not just about shifting of trade to different parts of the was but an actual overall reduction in a trade so this is having a fundamental impact on global trade the i.m.f. points to international hostility as a cause global financial leaders have made no secret of the fact the trade war between china and the us is having an impact but i.m.f. economist peter gopinath says the bilateral imposition of tariffs has not had the

punitive effect intended instead higher tariffs have been associated with increased prices for consumers and waiting on global trade investment and growth. the report urges countries to avoid further conflict and repeats a familiar refrain that along with a disorderly bragg's it and escalation in trade tensions remains the main short term risk to the global economy. growing concerns over climate change especially among europeans are prompting some travelers to reconsider air travel a few are actually acting air traffic in europe grew again in 2018 as it did around the globe it leaves a lot of work to be done for a group of european activists they're asking travelers to pledge not to fly next year at all. and 100000 that's how many people come pain in my whole thing wants to pledge not to fly in 2020 but they only have to follow through if she reaches the

targets. hussein gave up flying 10 years ago says she's convinced 4 and a half 1000 of us to do the same the people who sign up they have to feel engaged in this and try to convince people around them and i think that will be easier the kill say will. come to think of a growing number of people in europe are choosing not to fly in sweden the movement has become known as fleet of flights. environmental activists like us to tour leading the charge. that spurred an increase in train dedicate to travel business start up tuck's mr meaning train vacation office group tours markets interrail cards and organizes conferences for train enthusiastic. there are some other actors trying to get into trains but they also sell plane tickets for example and we have this environment of the interest and sustainability interests so it's

for real and i think people want to support stuff that they think are the right thing flying contributes more than 2 percent of global carbon emissions and travel costs have been kept low in the e.u. by the lack of a tax on jet fuel and limited taxes on tickets among other factors the number of global passengers in 2008 almost doubled to an estimated 4300000000 in 2018. easyjet stuff an analyst says the airline is cutting its carbon emissions with measures such as modern aircraft and use the flight route takes. the average with over 32 percent since 2000. that's a lot more we believe we can do more my own postings neighbors with some of the 1st to be convinced to give up flying but she still has a long way to go to reach the target police in brazil say they've shut down a clandestine factory that was producing fake lamborghinis the cars were offered on

social media for $45.00 to $60000.00 a lot of money but just a fraction of what the real thing would cost. this engineer has stolen the show at this terror on tech fare but that's not all he's stolen. for years building his dream car a lamborghini the economy of the islamic republic is plagued by shortages and imported luxury cars from abroad or out of reach of nearly everyone so the next best thing is to build your own. to lamborghini for copying their idea and their design but really it's the italians own fault because they're the best. how do you know and that is that i'm. 40 years after the islamic revolution iran is as isolated as it has ever been american sanctions are hitting the economy hard many here blame their own

government which is bogged down in expensive military conflicts in yemen and syria while its own population suffers dissatisfaction is growing and people are forced to find ways to make ends meet. the japanese engine in this iran border has only half as much horse power as the original but its message is one the government would probably like you could look powerful even if you're not really and you can do everything by yourself. and that's it for me and the business team i'm seeing beers in the lead it's watching.

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cultural heritage sites. d w world heritage for 1615. welcome to the girl max channel. goodbye no story. with exclusive insights. and a must see concerning arts and culture to ensure a. place to be full curious minds. do it yourself networkers. so subscribe don't miss out. m.r. . it's been 15 years since the. jeep was the 1st man to walk on the moon.

as a small boy he dreamed of the stars. as a mindless consuming anything no matter how. many years to go to the polls. as an astronaut he took part in the greatest adventure in history. armstrong was his destiny starts july 20th on t.w. . welcome to our culture 50 years off of the lunar mission we'll be looking at the moon in the movies also coming up. here on the inventions of great design a katherina come from anything but practical that's what makes them so much fun.

bots a bit too practical d.w. is rachel stewart has come extremely well prepared to explain japanese national obsession with hiking. 50 years ago the apollo 11 spacecraft was on its way to the moon when the astronauts landed on the live pictures were beamed into our living rooms it altered off a section of the moon and indeed out as space and in films the whole perception of the moon changed as well is some examples of the moon on film starting with real pictures of masses achievement off a century ago. it was perhaps the greatest human invention of the time. line on television. and you documentary apollo 11 tells the story of the 1st manned moon landing it features digitally restored footage from mrs aka.