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tv   Business  Deutsche Welle  September 25, 2019 12:30pm-12:46pm CEST

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don't tell me that. and the jointer come up in the morning. reveal the symphony's of you on this palm. how did the romantic master. piece of. the brahms code. to berlin and w enough. leaders . climate change in new york china's president sends a powerful message to the opening of the 2nd biggest in the world xi jinping is signaling that. growth comes before.
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people in greenland are adopting to make the best. out of us but we start with this news just in the form ahead of down in a stone. has been found dead initial reports point to suicide police have been searching for since he left his home on monday he was part of the ongoing investigation into an alleged money laundering scheme investigators allege that funneled some 200000000000 euros in illicit funds through its tiny estonian branch during his tenure. to keep you updated on this developing story of course. but today many in germany and especially here in berlin are looking to china with envy because while the capital berlin here is still waiting for its new apple to become operational a full 13 years after construction is started an 8 years behind china's president
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xi jinping officially launched a glitzy new. 50 kilometers south of the capital beijing. shaped like a giant starfish beijing dossing international airport took just 4 years to build and cost $60000000000.00 euros it's already the world's largest single airport terminal building it's going to be one of the busiest president xi jinping cut the ribbon on the vast terminal the launch comes just ahead of the 70th anniversary of the people's republic of china a massive days in the ruling communist party's calendar washam cool. i hereby declare beijing dossing international airport officially. the airport is a powerful symbol of china's rise putting on a show of strength is important right now china is seeing its biggest economic slowdown in decades because of a better trade spot with the u.s. . designed by the late iraqi born architects deed the new airport will it 1st cater
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for 45000000 passengers by 2025 that will rise to 72000000 making it one of the world's most popular hubs. beijing dossing international airport is still smaller than the world's busiest airport in atlanta with 107000000 passengers followed by the existing beijing international airport with 101000000 and dubai international with 89000000 passengers passing through every year. it's the 2nd major airport built in beijing in just over a decade beijing international is already full while environmental activists elsewhere ask questions about the future of their transition china's aviation future is just taking off. it's the biggest tech i.p.o. in germany in 2 decades. which makes video conferencing and remember working software public and investors billions in the process the company has raised over
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2200000000 euros companies they could have saved. a 40 percent increase in sales regardless of any boost from the i feel. now let's go straight. only boncelles in frankfurt at the sites off of that i.p.o. never heard of a company or a bit of a hidden champion that. yeah you're not alone i had heard of it either before it announced its i.p.o. and we started preparing for it here but they're calling the sub selves germany's 3rd largest software company in india the sales have skyrocketed as you have just said and it's the largest i.p.o. in europe this year and their software is installed on more than half of the companies listed in the forbes $500.00 list and they also have a instalments on 2000000 a 2000000000 machines worldwide and it just shows that germany's not without its tech investors and tech entrepreneurs and so one of the tech investors how did in
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terms of how i.p.o. i.p.o.'s go how did this one go. well in terms of the price and then go all that well yes it's successful but the share price a little bit too ambitious 26 year olds $25.00 the share price dropped below that mark when officials trading started but you know you couldn't have had a better climate a better atmosphere than this i.p.o. there are about 300 of the 800 staff assembled here and when the big bell started ringing by the big shots on the podium all the employees took out a little bell it was a great picture to see i've never seen anything like it and shared and running away . with the bounce in frankfurt thank you very much for that update. and we stay the tech sector because if you believe many economists the future of payments will be cashless what exactly should governments be doing to deal with the new world of digital money here in germany lawmakers are today conducting public
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hearings on the future of cash and that future might not be all that far off because if you keep money in the bank it is already being converted to a point a point of data on a digital ledge it might just be a bunch of ones and zeroes but for now it's backed up by governments promises but that's going to change as more and more companies start to create their own digital currency that's cheap. away of government control of the monetary system crypto currencies like bitcoin and facebook supplanted libra highlighting lawmakers and central bankers fears that the tools of monetary policy might soon be useless because crypto currency is undervalued governed by uses faith in the system a radical free market solution to digital combis that governments around the world are struggling to deal with one of the experts giving testimony today at the hearing with german lawmakers is qatar in a good rush he's the c.e.o.
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of analyst immutable insides and joins me this too far and i welcome back to you before you before you dashed off to meet the politicians what's your general feeling do politicians and central bankers really have any idea what they're dealing with in terms of ripped across this well i think is it about lehtonen that we face now is that it might be today if you don't quickly understand what's going on but i think that applies to central bank us just as much as it does to politicians this is do you have the feeling that they don't really grasp how big this is. it's such a fundamental change that understanding how big of a change it is would be an excellent 1st step i think it can the worrying it and thinking about you know just saying that's forbidden that's not going to you know bring us full what i think the embracing attitude in so let's see where the opportunities would be much more helpful and then they would also understand better how good the opportunity is at hand is it
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a question that i imagine politicians might ask you later today 10 years from now will we still have concious like today. we might have a few i do think that if you look at the current business model state backed currencies you will find that out of the let's say 15280 not many are successful here in germany we look at the euro we maybe look at swiss francs for us daughters but there are many many. i don't work so i don't think that the people that have a faith in currency would like to stick to their own failing one when there's a better alternative so you think if. countries with weak currencies will look at africa for example a bad wood and they will embrace cryptocurrency i certainly do think so i think they're already embracing alternatives if you look at m.p.'s i would just telephone minutes payments if we look at we checked as and chinese global 1100000000 user method is massive isn't that that's math of that's more than twice the european
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union so i do think people already choosing alternatives in the choosing pay paul versus banks and they're choosing imani licenses for suspects why do you think that that is about to completely change and i like to point out that in the 1970 s. when we had the bretton woods discussion nobody could believe that it could be anything different than gold backing and we have gotten very far from that so i do think that money is just another regime that it's got to change over time. that might be true politically but if you look at clips of currencies right now like a big big connie theory and they have been around for a while but i have been a call with the masses have they will that change with. facebook's libra i do think that facebook and the libra consortium has one of the best shots of breaking the mass adoption they just have big the big they have the access to the kleins they have the convenience it's on just smart phone already and people use we chat
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already to pay and we have whatsapp and what's up has been waiting for their own alternative for payments and in the end if it works for the client why would they not use it. simply kind of a negative a thank you very much you're very honest and start thank you. to greenland which is cold greenland they say because it once was lush with forests then the climate change the world's largest island got cold and battered but now places are melting and summers get warm up with temperatures of up to $25.00 degrees celsius greenland has become a showcase for the effects of global warming and at the moment also an example of how some areas of the world can at least in the short term actually benefit from climate change. the words largest island is covered in ice but perhaps not for much longer here in greenland sense of climate change
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a keeley visitor but that doesn't bother other fishermen in the part of the capital knew you had his time on canal catch species that previously never entered his watch house like make or at 411 to create the cool to get current for home or to hunting fishing up almost water well more with. recon for me. little bit longer than he brings in 15 kilograms of cut in just a few minutes. it's been a boon for green economy fish accounts for about 90 percent of exports the living conditions of the people have improved in recent years. and there are benefits and then to farmers are enjoying the warmer climate and longer summer us if a politician is currently testing new vegetative crops i tried 2 times this one i
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said ok no more discipline try again why because it's not. always clean. and this around. and maybe all the time we can do it. raspberries and cabbage a thriving in his greenhouse the green and less aware of the problems that a changing climate brings to other parts of the wood but for the $60000.00 people here at least it means new opportunities. and that's it for me in the business. more business news about stores check out the w dot com slash business. venture
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of the famous naturalist and explorer. to celebrate alex on the phone it's 250 in the morning on the floor of the discovery. expenditure boys on the team playing. with their family scattered across the globe.
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turning to the roots. the shah shyly from somalia around the world coming up on the urgent assistance of. the family starts october on. the phone. hello and welcome to the latest from arts and culture well it may be a collective but the berlin philharmonic is a very single minded orchestra and so conducting debut with them is certainly a big deal we'll see how sun to. finland made out and also take a look at these stories. germany's tom johnson musician trumpet player to. a virtual with the camera and he's trained his lens on germany's erstwhile
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industrial heartland the ruler valley. and since the beginning of the 19th century there are a fixture in sicilian folklore we look into the traditional horse drawn cart that charm the island's tourist. well it was a critical moment for sun to. this past weekend the young finnish conductor debuted with the berlin philharmonic orchestra even though he's already a star in scandinavia with no less than 2 orchestras in his charge in finland and in sweden the true test for the 33 year old was on the continent so let's see if he passed. for you to watch. like a percussionist because he is one. time
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