mounting and not at least was the last presidential election was the cambridge analytical scandal surrounding facebook we've seen that they are real consequences from the business practices of some of the big tech giants with google we all saw a couple of months ago had protests from the employees because of google thinking about. a search engine for the chinese market so wherever you look there is more pressure coming up from the european union from australia from the u.k. from france and now all still from the united states by the way basically all of the attorney general of almost all of the u.s. states are participating in this the only example being alabama and california that's the state where google has its headquarters and the e.u.

commission has hit tech giants with hefty fines also to prove a point who's boss here one of the companies expect what are they to expect from the u.s. . it's really hard too early to tell at this point to go on for quite some time then the companies could appeal and then what is a hefty fine if you look at google for example in the past business year they had a revenue of more than $136.00 a $1000000000.00 facebook having a revenue of $55000000000.00 so one is the financial aspect and the other is if the prosecutors might actually push those companies to get rid of some of their business parts of the case of google that could theoretically be huge but it's really far too early at this point what the outcome of this probe will bring in court in new york thank you. here's one of the world's richest men and arguably

china's most famous entrepreneur ali baba's longer jack ma now he's stepping down from his role as chairman of the e-commerce giant he helped lead to global think 20 years ago jack ma founded the alibaba group in his apartment in 115 years after that in 2014 alibaba with an e-commerce giant making its debut on wall street and old was the largest i.p.o. in history at the time ma is china's most famous entrepreneur and his influence has been felt beyond the tech world the kid has met with several world leaders including the last 2 u.s. president barack obama and don't trust the bank and we had a great meeting and a great great entrepreneur one of the best in the world and he loves this country and he loves china do you kind of. doubt it was early 2017 and things couldn't have been more different by the end of last year the time when trade

tensions between the u.s. and china where escalating trade wall is the most a stupid a thing in this world trade is to force the peace trade is to communicate there will be no trade deficit. issue in the next to 20 years because of technology mafias the answers to some of the world's biggest problems in technology and while he may be stepping down from his role as chairman he still wants to make a difference he says to spend more time building his philanthropic foundation put education. and now to some of the other business stories making news after months of political protests in hong kong the number of tourists visiting the city fell by 40 percent of all is the worst since the wave of demonstrations began on kong was one of the world's most visited cities last year tens of thousands of

british airways passengers are stranded around the world their line has cancelled and most of its flights due to a strike by its pilots they've rejected a pay off or as an adequate view of b. is rising profits us investment bank j.p. morgan chase is reportedly close to winning the lead advisory role for saudi arabia a state owned oil giant around khost initial public offering saudi officials want to list one percent of all around conditionally worth $20000000000.00 the values the company at 2 trillion dollars. now too many car and susie s round the world the name porsche immediately sparks images of revving engines and tires peeling out but in the changing times in the industry the company has felt the need to come up with a fully electric powered sports car the 1st models just rolled out of the ism. the looks awful but it's what's inside that counts and in the tyke and that's

a fully electric engine unlike any porsche before the company says its new model is also the start of a new business model 2025 it aims to make half of the vehicles it produces electrically powered. we sort about 4 or 4 years ago when we decided to do this project that with our strategy force sustainability it's the right moment to decide to go for electro mobility because we think that electro mobility fits perfectly brant from sportiness for the performance. also for the sustainability and porsche does seem to walk the walk it plans to invest 6000000000 euros into it electric cars by 2022 the question is will that be enough competitors like tesla have been building electric sports cars for years our intention wasn't wasn't tesla orientation always has been. like the 911 and

our main targets for the tyco and water taken. should be able to drive like a $911.00 and at the end after millions of test kilometers i'm able to say. you can drive like 911 as production gets underway bush's 1st electric car already has close 230000 orders it also has a range of new models ready for launch but amid all the changes one thing remains the same the tie comes price starts at an exclusive 150000 euros. and staying with things that are rare and expensive luxury goods maker live utah is cashing in on a surge in demand from china but it's not planning on moving manufacturing there to be closer to its customers or to cut costs its chief executives says asian shoppers are not interested in pots made. this is probably not the

setting you'd associate with a multinational luxury brand but it's here in a remote french village that louise we tom has chosen to step up shop and this is why. the whole luxury trend depends on artisans when the artisans leave the artists follow what is taking place here is the convergence of artists of artisans in the same place which shores the longevity of the luxury business in france france is number one in the world in luxury it's because of these leather workshops. in. this region and western france was once renowned for its leather industry some 400 factories once made shoes that were distributed across the entire country in the 1990 s. production moved to countries with lower wages only a museum remains to tell the story of a golden age he did worked in the industry for 44 years.

if they'd foreseen the crisis a bit earlier we might have turned towards luxury goods because we had the expertise and if we'd gone into luxury goods we could have charged higher prices i think if we had we could have maybe held our own for much longer i don't know the factory worked out didn't survive but now the tradition is espoused is being revived thanks to a global brand keen to maintain its image for quality and craftsmanship and the highly skilled work comes with a hefty price tag about like this will set you back well over $3000.00 euros business appears to be going well lou if we tom was planning to take on another 1500 workers in france over the coming years. and that wraps up our show i'm chris cober and bowl in from me of the entire business seen thanks for watching