welcome to deputy business michael johnson berlin good to have you with us and starting with this the london stock exchange has rejected a 39000000000 dollar takeover bid from the hong kong's exchange calling it a fundamentally flawed a surprise offer made on wednesday was turned down in a letter saying that a swift and certain implementation was simply not credible the us east has its sticking with its plans to buy data and analytics group definitive. now at the same time the 2nd biggest i.p.o. this year could soon come hong kong's way bloomberg news reports that was a bush embed has revived plans to raise $5000000000.00 for an i.p.o. in hong kong the brewing giant behind brands such as stella artois and u.s. provisos said it's asia pacific subsidiary has resumed its application for the listing of a minority stake of its shares on the hong kong stock exchange the move could be a boost for hong kong bourse which has recently been battling to win listings by

international companies due to political tensions with beijing. now china meanwhile has called on its biggest state firms to take a more active role in hong kong including stepping up investment and asserting more control of companies in the financial help beijing says it's trying to calm months of unrests in the semi autonomous city. at a meeting this week in change in city bordering hong kong senior executives from nearly $100.00 of china's largest state run companies including oil giant scientific and conglomerate china merchants group were urged to do their part to help cool china's biggest political crisis in years at the meeting the air so he's pledged to invest more in key hong kong industries including real estate and tourism in a bid to create jobs for local citizens and stabilize financial markets the director from beijing went further than to simply urge investment in hong kong

companies but to develop a controlling stake in companies the move would extend to mainland china's influence over hong kong which has been the scene of anti beijing protests for more than 3 months the meeting in shinji and it was organized by beijing state owned assets supervision and administration commission the powerful central body that oversees china's huge state sector it includes some of the world's biggest companies in industries such as telecoms steel energy and shipping. so what should we make of that move let's ask china analyst cliff it's going on cliff a good to have you in the studio is the beijing coal onto more investment in hong kong's interest well i think it's definitely more in beijing's interest than hong kong's interest if you look at some of these companies i mean some of them are very interesting like son of pak but one of the things where she's been paying has been

criticized before is not doing enough to reform these state owned enterprises so you look at these great hong kong companies and then these these rather cumbersome zombie firms in this state owned enterprise sector in china and you can't help but think that this is not in hong kong's interest in looking at specific sector specific businesses now i think is having a real estate in tourism we've seen some evidence of up as so far in the way that there's appears to be of interference in cathay pacific in the way that they you know how to remove their c.e.o. because of possible links to the protests at not not the c.e.o.'s things but of their employees so i think that those the 2 main areas they're focusing on and i think we're seeing evidence already of interference now we've certainly seen an interesting development when it comes to the financial hub hong kong ali baba china's ali baba recently just said they'll postpone an i.p.o. there and now we hear that the world's biggest brewer is going to go ahead with what would be the 2nd largest i.p.o.

this year what do you make of that well i think it's very interesting i think with the brewer it's with investors definitely looking at the asian markets so it makes sense to go to hong kong where they suddenly felt that they were confident about doing is given that there's 3 months of protests there is interesting in itself. we also have the ali babas omens i'm sort of wondering will the ali baba bas bowman now be reversed possibly if there is a state push to get money into hong kong it's always been the way with beijing that they try to appeal to the commercial instinct in hong kong and i think this is evidence of that so. maybe we're going to see more of these kind of efforts and maybe the so far failed attempt to buy the london stock exchanges is another sign of that right to suddenly and very interesting sort of east west. dialogue going home but when it comes to wrong cliff akun and their thank you so much for the us. than the european central bank's decision to launch an aggressive round of stimulus

is easing investor worries about a global slowdown stocks in asia followed european and american markets and reacting positively to the announcement he president mario draghi declared a return to quantitative easing the lowering of the main interest rate deeper into negative territory all measures aimed sluggish growth. well that's luggage growth that is something that's on the minds of eurozone finance ministers as they need in the finnish capital helsinki discussing ways how to improve public spending 2 thirds of the take investment and kickstart growth among the big topic is climate change and how to counter it. wind turbines solar panels and hydro power to help fight climate change the european union has led the global shift towards renewable energy it's also set up the world's largest emissions trading system for major corporations to price carbon and reduce reliance on more polluting fuel yet many

politicians feel that's not enough they want to introduce a new carbon tax some even want an entire overhaul of energy taxation. it's obvious that everyone knows that we now have to undertake drastic measures to stop climate change something that is manmade. the e.u. finance ministers are discussing different ways of costing c o 2 in helsinki they're focusing on taxing drivers people who heat their homes farmers and small businesses it squares a. number of industries number of jobs for everybody because it's better but one can expect that downsizing and correspondingly need to help solve regions and also people to adjust to it all to take also also concerns seriously at the meeting of the finance ministers will probably not reach formal conclusions but the discussions should point towards the areas where consensus can be reached and

following those discussions for us is the band leader who is in helsinki band germany's finance minister there speaking of drastic measures that are necessary to stop climate change was he talking about. by the 28 members the states agreed that something has to be done and something has to be done quickly in order to reach a carbon free society in europe in by 2050 already and they all agreed that there has to be a price tag on carbon emissions not only for big companies also for small companies and even for private households but how to collect the money is somewhat difficult some argue for a flat out energy tax some one to enlarge the emission trade scheme already in place for big companies also to private households and smaller companies others want a new board a tariff on carbon dioxide for products that enter the european union from say

china of agent markets or the u.s. and this is still not decided how to collect the money and then how to spend it if it's there. so there are some sticking points then while we do not expect decisions that a binding for everybody in the eurozone what's the biggest problems in order to align at least when it comes to the direction we need to go. but there's an argument between france and germany of for example when it comes to these new border terriers on carbon oxide friends of ones that are very badly about germany's very reluctant and also the other countries are urging germany to spend more money to invest more in green infrastructure and also here germany is reluctant and this dispute has to be resolved until the end of the year because then the new commission wants to table an overall new concept how to reach this

carbon dioxide to a free society in 2050 right so they'll be more talking ahead presumably bans we get there reporting from helsinki thank you so much. airlines battling a growing backlash against the impact of the industry on the environment climate change protesters taking their fight for the planets to the skies today they've been deploying drones to shuts down europe's busiest travel hub that is heathrow airport police have made arrests the airport is fully operational. you could call it fighting fire with fire valerie linder a part of a climate activist group that planned to use their own flying machines to tackle what they see as the scourge of air travel we heard earlier this week they set out their plan to guide their drones into the exclusion zone of europe's busiest airport just before is open and basically read this footage posted online and the arrests of 2 men close to heathrow early friday morning suggest campaigners

attempted to go through with their threat. in terms of c o 2 bad travel is the least environmentally friendly of the mainstream forms of transport the train carrying the average load of $150.00 passengers emits 14 grams of carbon per person per kilometer that compares with 42 grams per person for a car carrying 4 people or 68 grams per passenger for the average person but the average plane towards the mall emitting 285 grams of carbon per person per kilometer in that range valerie and linda that leaves us with a clear choice we are to stop emitting carbon in the oh we're going to die we have to accept that we have to make huge sacrifices but when you have control of some control over your future. british police say they won't tolerate unlawful activity aimed at disrupting airlines and passengers including illegal drone flights but

activists say with the world as stake they have to take a stand. and before we go british airways is gearing up for more industrial action kerry has canceled all its scheduled u.k. flights for september the 27th when pilots will again strike in a long running rowels or pay on monday and tuesday be a face the 1st strike by pilots in its 100 year history. and that's it from me on the business. thanks for keeping us company.

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