welcome to your business asia michael jones and glenn good to have you with us and starting with this is the london stock exchange has rejected his beijing trying to support the economy or extent control china's fascist state run companies are called upon to invest more in hong kong. also coming up eurozone finance ministers from finland to discuss the globe's sluggish growth and how to finance the fight against climate change. on protestors attempts to shut down europe's busiest travel hot heathrow airport by deploying a small army of toilet dro use. to walk up to your business asia jones and glenn good to have you with us and starting with this is the london stock exchange has rejected a 39000000000 dollar takeover bid from the hong kong 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 elizee says it's sticking with its plans to buy data and analytics group within it to. now at the same time the 2nd biggest i.p.o. this year could soon come hong kong's way bloomberg news reports that hasa bush in bed has revived plans to raise $5000000000.00 through 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 the city bordering hong kong senior executives from nearly $100.00 of china's largest state run companies including oil giant sinopec 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 directive 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 her car which has been the scene of anti beijing protests for more than 3 months the meeting in shin jen 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 that's china analyst clifford cohen and cliff a good to have you in the studio is a beijing's hold on to 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 in pain 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 speccing looking at specific sectors specific businesses now i think is looking at 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 they did about 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 out 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 baba postponements i'm sort of wondering will the ali

baba postponement 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 when it comes to their ongoing 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 is the president mario draghi declared a return to quantitative easing the lowering of the main interest rates deeper into negative territory all measures aims to spur sluggish growth. well that sluggish

growth that is something that's on the minds of eurozone finance ministers as they meet in the finnish capital helsinki discussing ways how to improve public spending to the silicate investment and kickstart growth another 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 that i'm going to want a better. one can expect to downsizing and the correspondingly we need to help solve regions and source people do i just always felt because all those options 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 then to be get 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. for 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 the 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 age and 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 a there's an argument between france and germany of for example when it comes to this new border terriers on carbon oxide friends of ones that are very badly about germany is 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 free society in 2050 right so they'll be more talking i had presumably bands we get there reporting from helsinki thank you so much. airlines a bad thing 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 and 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 opened basically with this footage posted online and the arrests of 2 men close to heathrow early friday morning suggest campaigners attempted to go through with that threat. in terms of c o 2 that 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 bus but the average plane to watch them all 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 other than we have to accept that we have to make huge sacrifices. 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 is steak 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 b.a.

faced the 1st strike by pilots in its 100 year history. and that's it from me on the. company.

thank. you and the coal india a. how can the country's economy grow its people. when there are do look at the bigger picture india a country that faces many challenges and more striving to create

a sustainable future clever projects from europe and india a. again there's enough on the w. . welcome to the euro max new to china. good line of stories. with exclusive insights. and a must see concerning startup culture keep your of the. place to be for juries minds. do it yourself networkers. subscribe don't miss our. natural riches of precious resources. and a rewarding investment. farmland as we call it is

a gringo and the country has an abundance of. places it to international joining. the government after high next 5 years and the corporation high profit margin. but not everyone benefits from the booming business. next job creation. vironment all destruction starvation. the selling out of a country dead donkey film. star september 18th on d w.

this is d.w. news live from hong kong perhaps for another weekend of pro-democracy demonstrations but after the recent protests were mobbed by clashes with police activists saw singing for democracy also on the program. the country famous for its a food exports of faces a food crisis argentina's runaway inflation has made food increasingly expensive and it's a thing you see rather the next month's election.