so they can plant crops and trying to make. floods and droughts with climate change become the main driver of mass migration you could look right apocalyptic scenario if you want a problem or the political. climate exodus starts september 5th on g.w. . no guts no glory no risk no reward or how about this one you have to speculate to accumulate a world of business is full of that kind of advice madcap crazy out on the limb sometimes a lack of caution leads to amazing results a new era of breakthrough fast wealth but it can also all come crashing down around

g.e.'s and today we look at some transformational moments in the history of economic activity and finance welcome to mate so what is a good investment when it is the right moment to expand and who is the best partner for a new project so many questions and the answers determine success or failure even the biggest names in industry can get it wrong and falter let's look 1st at a few recent examples. money is pouring into his venture you know if that's any investors looking for the winners in mega markets are and will his apple ever be completed will be good if i didn't work for the airport i guess i'd only believe it once it opened what i heave my suitcase off the carousel to he's an expert on risky investments obviously the matches here take a risk because the law through it's like also backfire.

of the ocean this tour through central bolin was organized by the internet portal gets your guide it's a platform for holiday activity it doesn't sound like high finance but the investors of pouring funding into the portal digitalisation in the tourism industry promises billions in profits at get your guides new offices we meet founder yohannes fake this year he's received half a 1000000000 euros from international venture capitalists that's an impressive sum for a german startup get your guides sales still come to only around $100000000.00 euros . i think that in germany we think too much about expectations and pressure i'm thinking about building up a global market leader. and that is much more exciting than driving yourself crazy thinking about what might happen if it doesn't work out the way we expect. rex biggest investor is must say oshie son the head of japanese holding company

soft bank raises money worldwide for his vision fund investments the biggest foreign sources of the u.s. and saudi arabia vision funds investment capital of one $187000000000.00 euro is distributed to startups in america and asia companies that promise good growth and need money to expand but does it have to come from saudi arabia which is under fire internationally for human rights abuses i know it's you i don't have a relationship with saudi arabia but with softbank and we agree on where the market is headed. our product helps people get to know the world and soft banks money is well invested here. another investment project that seems to be neverending. new airport. actually it was originally scheduled to open in 2011 but the date has been pushed back repeatedly so. since then and 2014 possibly airport was supposed to go into

operation the current slated date is october of 2020. 1 times are the i can tell you that the construction site is finished since april or may the technical inspectors have been looking at the individual facilities and testing the ones that are responsible for fire safety for over 2 years we've been on schedule it's working for. mistakes shoddy work and corruption pushed the price of building the airport way above the original projection of 2000000000 euros the costs of amounted to 7300000000 euros and counting. the airport foreseen by the original plan was too small so an extension had to be built it's javanese most embarrassing construction project recently from we have to deliver we're trying of course given the history of the airport so far it's no wonder that no one will believe us until we prove it. a momentous handshake by is

acquisition of nonsense who was the biggest foreign takeover in german history the stakes were high for bias which paid 54000000000 euro news and also acquired responsibility for the more than 18000 lawsuits and monsanto did by underestimate the risk. buying one santa now probably is much much cheaper than buying $130.00 like 2 or 3 years when all the lawsuits finally are solved so obviously them out if you take a risk because the law foods might also backfire. in crossing if it can cost for the movie northern tip of reputation except. but at the moment a very interesting and attractive investment some courts have said monsanto's life a state based herbicide roundup causes cancer it's still unclear how much liability by a faces that will determine if the costly takeover was worth it so will it prove

a bold investment or just a reckless one. now what some call crazy others of us clever or a stroke of genius and indeed looking back some of the biggest business successes in history come down to a quickie entrepreneur who took the right risk at just the right time perhaps misfits are the most creative and successful people in business out of the box thinkers sometimes have ideas that change the world. crazy maybe but certainly successful. many of the world's most gifted minds were called crazy at some point. despite banshee well maybe because of but these ones made it right to the top. at the start of the 20th century there was american engineer henry ford he revolutionized the automotive industry with the moving assembly line production was cheaper than ever everyone could afford his cars what's more he only made his

staff work 5 days a week and paid them generously. but he was no dream boss ford wanted total surveillance he was known as the benevolent dictator the head of a department at ford was required to know everything about his workers including what they ate and how they lived for its behavior was extremely controlling and manipulative. in post-war germany tayo outraged co-founded a discount supermarket called. people could take 5 times off the shelves themselves allowing for fewer staff and cheaper products the concept was a huge success and taylor press wealth grew and grew but i'll bet it was still fanatically frugal stingy evil and woe betide the employee who ordered too many pens used the paper on both sides he had no empathy whatsoever for his staff

one time was kidnapped and he even claimed the ransom money he paid as tax deductible his obsession with saving drove stores into disrepair managers on a day to renovate after he died. today many thinkers are drawn to silicon valley space x. founder ilan musk has proposed using the hyper passenger transport a super high speed pneumatic tube train he also wants to colonize mars for musk and his workers there's just one rule business 1st family time only if the company goes bust the tycoon can be a real live wire is bad tempered tweets have given his company's shares a bumpy ride over the years so what's the one thing that unites all these crazy minds they're all men maybe the great women out there are just better at keeping it together or should we conclude that madness is male.

interesting question too risky to answer on there well not taking risks can also be risky take the german economy europe's powerhouse it's managed to weather one crisis after another thanks to its strong export sector the country is taking in what tax revenue than its ending leaving room to maneuver but at the same time investments in schools and infrastructure a falling behind why because germans don't like going into debt despite negative interest rates on sovereign bonds the government is sticking to its mantra of a balanced budget but critics warn that too much for galatea could cost germany dearly in the end. the black 0 here in germany that's what we call a balanced budget it's a good thing it means stability at least according to the government from industry

to. british but today i'm meeting someone who wants to bury the blight 0 in this we need to move on from this crazy idea that saving is always good and that is always bad is that what he means is germany urgently needs to invest and if it needs to borrow to do so that's fine if it helps boost the economy. the president of the german institute for economic research one of the most influential economists in germany long something to show him. if i try mr potter we've brought along a black 0 you're not a fan right and it's unfair because you know i'm not per se it depends on a balanced budget shouldn't be an end in itself it's fine when the economy is thriving but we're in the 3rd quarter of 2019 and technically we're in a recession that's why the 2nd quarter with negative growth so the politicians need

to act they need to do something to stabilize the you can't. and automatically need to secure jobs that's the real issue the black 0 is all very well but it's basically a fetish. every year since 2014 the german states revenues have been higher than its expenses even though public services like schools and hospitals are underfunded railways too. we need to move on from this crazy idea that saving is always good is always bad the opposite is true when times are tough we need to invest so that people can keep their jobs and we can guarantee stability. so keeping the future in mind the future and also future generations that's what we need to do that's my point think of me i'm 30 and i keep hearing about the mounting debt that it will be up to me to pay off. why is that.

a state depends on substance in other words step might have been reduced but the value of streets and bridges public institutions knowledge of capital social housing all of that has been squandered devalued in the past 15 years the state has invested too little to maintain that value so as a 30 year old in the future you have less value. doesn't even factor in the environment the climate. that. the german state is investing more in environmental protection than it has in recent years it's working towards long term climate goals but it's already clear it won't hit its 2020 targets. that's an embarrassment for a country that's made such a lot of its environmental credentials and it could have been different the technology exists there's been rapid progress in the past few years so right now we

urgently need more investment energetic. renovation of buildings electricity grids we also need a new transport policy we need to do away with combustion engines and carbon intensive technology and embrace carbon neutral and emo billeted this needs to become a top priority and that requires funding. a failure to invest can't even end up costing money take us entrepreneur till recently he had to store important data on a u.s.b. stick because he had such a slow internet connection. when it comes to digital infrastructure german investment is lagging seriously behind you. in terms of future technologies we're missing opportunities if that doesn't change soon then the future will belong to china and the us. especially in the areas of digitalisation and artificial intelligence. you're a keen bungee jump or so you're obviously not risk averse but there's always an

element of risk with investing that can go wrong in this its investment is always a risk but life is high risk or germany wouldn't be as successful as it is it wouldn't be as wealthy as it is and as comparatively robust if germans hadn't taken risks taking risks doesn't mean acting blindly you need to take calculated risks in order to make economic and social progress. so germany is successful but it's squandering its success by not investing enough in its future well that's a shame because there are great ideas around a startup in berlin has developed a kite that generates electricity as its source but the fed needs investors technological prowess and it has to keep a keen eye on the competition. this kind

could help solve the energy problems of the future. it generates electricity from wind power on a level that no wind turbine can achieve. its vision is to develop the technology and scale it to a size that can keep up with today's when turbines. we're starting small and have a long way to go and we're always starting over. a telescopic arm connected to the truck holds and guides the kite soon it should be able to climb hundreds of meters and fly. that's what the developers in berlin are currently working on. the big challenge is programming the computer so that it can steer the kite with these cables and. the generator that produces

the electricity is in the truck under the cable drums they hope it will one day replace inefficient diesel generators. turbines are fixed to the ground. will be connected to a base station and fly up to 300 meters in the air the wind is stronger and more steady at that height. their development laboratory is on the campus of the technical university of berlin. the engineers started experimenting with fabric kites in 2012. when the kite goes up the rope turns the generator trouble and generates electricity. then the kite is pulled in again which consumes very little power it's like a yo yo going up and down. over all that creates a surplus of electric. city. most

of their time is spent doing calculations or in the workshop. they build the kite and all the technology themselves and they're always having to redesign and optimize. as a mater is our motto is to make as many mistakes as possible in a short a time as possible but i was only once because why i mean we have to learn and the mistakes make us smarter and they make the product safe that has it here. they've been working on the carbon tight since 2017 or so and have already invested over a 1000000 euros in the prototypes but it's still not finished. the wind energy summit at hamburg is the team's chance to find new investors. yeah. that's why we're asking investors to acquire a stake of up to a 1000000 euros this year so we can turn the technology into

a product that can be successfully brought to market that. there's plenty of competition working hard on rival product borman will have to win people over. to do something ringback nothing else. other developers are working on gliders instead of kites. several companies are in a race to produce the best technology and to secure global investors. they've done it they've found the venture capitalists who are willing to continue investing yet still the courts we're close to seeing whether what's been developed over the past couple of years really works and if we get the feeling that it does work then we'll provide the next round of funding i'll be in for sure what. will this make you richer. because i have added i don't know about rich or i don't

have a lot of capital but i invested a little money in renewable energies and a small part of that in and a kite. in archives once a week the developers drive out to the airfield they haven't made much progress with flying yet. they often start at midnight when there's more of a steady wind the team is feeling the pressure. they need to make the kite fully automated but the technology is not cooperating. trimeter bet. the investor is getting impatient he's come over to see for himself. but. sometimes competitors making progress you start to get nervous. but then you come back here and see how it's working out and it gives you confidence again.

after months of tests that takes off steered by the cables and stabilized by the computer now they have to program the computer to carry out all the flight maneuvers alone. the next step is the most critical the software has to be very precise little mistakes get punished in a big way but we've been practicing for so long it's become routine by the end of the month we'll be able to get the kite flying really high and. the cards are still flying just a few metres away from the telescopic arm but once the computer learns to guide the properly it should start flying higher and generating electricity far above the wind turbines. the people of britain took

a risk with bricks it businesses spooked by the uncertainty some companies are moving jobs to the continent but there are also those who are betting that investment in britain now can pay off big time with breaks it only slightly worsening the odds are they out of their minds reporters went to find out. london in the summer of 29 a tumultuous time for the city nobody knows yet just how much more tumultuous it will get we're all getting closer to finding out. we're looking at less than 3 months to go before a potential window if you will breaks it but maybe you are not the prime minister could lose a vote of confidence plus her going for trends or there could even be a 2nd right the referendum that returns the question of your membership to the people or the u.k. could choose to unilaterally revoke article 50 about counseling right that is to say there's a lot of uncertainty and you know business you've got it uncertainty. that's why assets worth 800000000000 pounds are being shifted from the u.k.

to that you that's about 861000000000 euros. a growing number of companies that there are moving headquarters parts of the operations jobs are asked that out of the u.k. after a break that several companies have done some or all of those things. but not everyone will be is the u.k. general manager and $26.00 additional value his company is charging towards london at a time when others are backing away i want to know why but i had a burning question to get out of the way 1st are your friends afraid you look into their account. more than what this is i mean. yes i have a question obviously because there's a lot of there's a lot of security restrictions we have in place and it would be highly inappropriate of me to be there and say it is not something that i do you rolled out the service in the u.k. in november of last year for example uncertainty was already

a thing so why are you coming when so many others are going we don't want to write the. 2018 but already they have been over a year of planning that went into the arts to launch an obviously such a big and competitive world. now throughout that whole period of kools we knew what the results of the referendum was. and that was we want to come here regardless of whatever happens with the outcome of this will still be a place which has 60000000 people living in the u.k. is really one of the most attractive markets force in the world was made and 26 decide to go for it at this particular moment and not until after everything was clarified what we did not want to do as a business is just on the side and wait 1234 years let's let our plans be dictated by politics playsuit is totally out of our control so rather than trying to wait whenever that deadline is

a mess and then having some certainty that's be flexible. operate how we can and i mean saw on the. masses are what we do. businesses are in a unique bind the lack of clarity makes it a strange time to invest in the u.k. but opting out of what is still one of the world's most important markets seems ill advised to michael hewson chief market analyst at c.m.c. markets has been following brags that impact on business closely business is need to take a pragmatic approach and i think they need to plan for the most probable outcome not the actual outcome businesses can't stop growing and can't stop innovating they still need to be able to move their business model forward now obviously the current impasse doesn't help with respect to that but what the what business is can't do is stop innovating stop creating new products stop planning the new markets what do you think is the best government make up possible in the u k.

not the current set up that's for sure we want some form of government that can actually govern the key decisions in opening night you know there is no room for anything else policy was apart from bricks so i think at some point between now and the end of the year we'll get a general election the hope is that general election will bring about a pro-business new government how the government looks i don't know. london in the summer of 2019 from what i can see it's business as usual but i can't tell for how long firms that are betting on britain have to hope for the best and brace for the worst possibly the only way to be in a crazy era. or to quote another slightly tweaked saying much times call for. well that's all the risk i'm willing to take on this edition of major for me and the team in berlin thanks for giving us

company a bike. center

of the conflict zone confronting the powerful. the most a glance at the treaty organization nato has just started 70th birthday but it wasn't a happy one my guess this week here is nato headquarters is rose got some more luxe the organization his deputy secretary general kofi who she's now acknowledged the great so far is serious splits in its unity conflicts so for. him it seems doubly. sure of. what

unites. what defines. the most. tragic course. what binds the continent together the fencers and stories aplenty. spotlight on people. such minutes on w. . o. mill and i'm getting close to the brand new delusion bottom of the gulf coast it's personal it's divisive it's about so playstyle affect us all on the solution climate change and the return of. only green flags check out. awesome. how about taking a few risks you could even take a chance on love.

don't expect a happy ending. the church looks just. i'm not going to think out of the gym well i guess sometimes i am but i said nothing when it happens we're going to have those things deep into the german culture of looking at stereotypes the question in your sink is the use of the country that i now live. via needed same prefix it is grandmother. to me it's all about ok. i'm rachel join me for me the japanese on the w. post. frankfurt. international gateway to the best kind of. road and rail. located in the heart of europe connected to the whole world. experienced

outstanding shopping and dining offers triallists services. be our guest at frankfurt airport city managed by from. in italy the center left democratic party and anti establishment 5 star movement have clinched a deal to form a new government the agreement includes reappointing juice that they can take as prime minister the coalition would shut tight 5 rights leader salvini who triggered a crisis by withdrawing his league party from government earlier this month. there's been a backlash in the.