it's was set aside for women though you sections in the 78000 seats as a big stadium in tehran iran state run news agency says they sold out in a matter of minutes but for really just hardliners that's 3500 tickets to many as monday's demonstration outside parliament in tehran made clear. he watching did have a nice life from that end coming up next business with stephen only that with more news few.

hours after the fall of the berlin. summer night. boeing's money maker can't seem to take off again concerns over the still grounded 737 max growth as a major airline cancels more flights with the aircraft through for the next year we'll have the details. also on the show is the fossil fuel economy on the brink of collapse u.s. economists and all the jeremy rifkin thinks so and tells us how a greener economy is already in the making. this is your business report i'm

stephen bears him to lead thanks for joining us. american airlines is delaying the return of its boeing 737 max from its schedule until mid january as longer than any other u.s. based airline american had previously planned to fly the model by early december the federal aviation administration has not said when it will allow airlines to operate the jet it has not been flown since march after 2 fatal crashes within months of each other boeing has developed a software fix for a malfunctioning flight control system u.s. authorities have yet to approve it. and let's go to our financial correspondent in new york he ends quarter for more on this boeing stock doesn't seem to be too affected by this decision today despite the cost the company could incur from this grounding is what's investor sentiment about the company right now. well i mean the 7378 to machine them the 737 series in general are the best selling

planes for boeing yes there are delays yes there will be a loss you would say yes there have been some possible cancellations from customers but overall and analysts on wall street believe that at some point the planes will get clearance from authorities and the auto books of a boeing are loaded and therefore the sentiment still is at least if the plane is taking off at some point it doesn't really matter if that happens a few months earlier or later so therefore this limited reaction and deposit a couple of weeks from wall street besides all the turmoil or and yes looking at the broader market today it moved today on more trade news of course the trade talks u.s. china starting against martha what moved markets today exactly. now

finally the trade talks will resume on thursday actually there was not that much hard facts that we could trade on here on wednesday there have been some reports that some china might be looking at least for a limited deal some kind of a truth sold china so that's what we here might be offering to increase or soybean purchases from the u.s. by up to 50 percent and then on the other side ask washington to not increase tariffs even further or regionally and washington has plans to increase some terrorists from 25 to 30 percent next week and tuesday so that's where we stand right now so let's wait and see what happens on thursday at least there was a little bit of hope and wall street could cut their losses that we've seen on a monday and tuesday roughly enough all right all eyes on these trade talks beginning again tomorrow against court of their force in new york thank you the

german government has approved a climate policy package that if passed by lawmakers would push the energy auto and building sector sectors toward less emissions outside germany is considered one of the most ambitious climate policy projects by a developed nation within the country many say it doesn't go far enough. the german government approved measures to drastically cut greenhouse gas emissions on wednesday paving the way for the bundestag to pass lund climate legislation this year the measures are expected to raise about 54000000000 euros in taxes to be largely we invested in green energy from 2021 the government plans a carbon price of 10 year olds per ton rising to $35.00 euros from 2023 the government plans to raise car and air traffic taxes and increase rolled told trucks it also wants to extend electric car subsidies the package also includes plans to dramatically expand wind power. but climate activists and industry groups have

criticised the plans as too weak to achieve germany's becoming emissions neutral by 2050. so could the fossil fuel economy itself become a fossil about the next 10 years that's the idea put forth by us economist jeremy rifkin and his new book the green new deal believes a radical turn toward energy is already underway and. i met him in berlin and i asked him how exactly he thinks the planet can be saved. on the cusp of the collapse of the fossil fuel civilization this is hard for people imagine we've lived 200 years. across all of civilization our construction materials. transport. everything but what's happened here in this is really enormous this year the cost of solar wind scale. the cost of

the cost of coal and the cost of natural gas so what's happening is we're sitting on the biggest history stranded assets in the fossil fuel industry projections over the next 10 years this revolution infrastructure made up of city electric transportation vehicles. the fossil fuel civilization will probably collapse somewhere around 2028 it's a huge vacuum and what it makes possible now is a revolution infrastructure because the market is speaking so what you're describing here is essentially a free market mechanism do we even need protest for climate change and do we need government intervention or is the market going to sort of. the market is a powerful force that is saying. we're saying the collapse of fossil fuels because

solar and wind are now cheaper and batteries are cheaper and and avi's are coming in and they're going to be cheaper electric vehicles that's not enough you have to have a new infrastructure in place to manage to move day to day life all the money is there through public pension funds and other investments they've all gotten out of fossil fuels but now the cities have to step up the regions have to step up countries have to step up governments have to help lay out this infrastructure involve their communities in this transformation and that's where the millions of new jobs will come from the new business opportunities what's what's at stake if they don't what's at stake if the governments the local governments the cities fail to act now where at the most decisive moment in the history of our species on this earth we are in a climate event this is a frightening moment but it's also an opportunity the scientists are clear we have 12 years to transform civilization or we are in a runaway climate event so i say to the american people and people all over the

world what are we going to do if you're a parent or grandparent if you're a young person it's time to make this the decisive mission. in every single community to save the earth to have a green new deal to move this forward. and that was our reporter multi-role a common with u.s. economist jeremy rifkin the united states has lost its top spot on the world economic forum's measure of global competitive competitiveness to singapore this year's report says the american economy is losing ground in measures like healthy life expectancy and preparedness for 21st century skills on kong the netherlands and switzerland are the other countries in the top 5 germany is in position 7 the ranking is based on several categories including health financial systems and innovation. thousands of jobs are on the chopping block at home at spock especially those on the retail banking side an employee memo announced the number of positions

likely to be axed in the in the division would rise to the 4 digit range of a lender had previously announced cuts to 4300 jobs across the company as part of a larger restructuring its retail unit has long been considered a cornerstone business for germany's 2nd biggest lender but as suffering from low interest rates and smaller profits. more than a 1000000 filipinos in the 20s don't have a job many start college but can't afford to finish their degrees the government hopes vocational education can help provide a bump and that could help multinational companies looking to fill their trainees spots our next report takes us to a film facility in manila run by a german carmaker porsche. ronald t. is on had wanted to go to college but he lacked the means to do so and ended up in a string of odd jobs now he's landed a spot on a vocational training program funded by german carmaker parsha.

over a period of 2 years we study everything about porsche our cars their engines and parts we learn how to install and repair them. the peace program was piloted in the philippines and was for a time the only pressure. training center outside of germany after training graduates can be deployed to porsche dealerships abroad. here at the government's leading technical education and vocational school. teaches automotive servicing the institution trains more than $2000000.00 people a year in a variety of trade skills automotive servicing is one of the most popular courses that's 6 months not so much about was not over 6 months training you can already find a job there is a high demand for technical skills not just in the philippines but also abroad. back at the porsche's training facility ronald teasin says he's planning his next steps after graduation.

i'm going my plan is to continue my career with whichever opportunities i get in the government whether abroad. many young filipinos could yet follow a drawn out tees on sport steps in obtaining a vocational education but with government help earlier this year a lot was passed in the philippines granting free access to technical vocational training to qualified recipients in hope of creating a game changer for the philippine labor market. and that's it for me and the business team i'm stephen bears in berlin thanks for watching.

enjoy the conflicts the funding the powerful. markets this week is masa time to shut up thomas thumbs up possible in switzerland constantly at night emissions speaking to me about communist governments relations with washington sing la flamme close to my. office complex so

for the next day go for. 6 kilos of plastic waste a normal couch for a telly in freshman johnny chloe and his crew. these emotions going garbage men are doing their part every day to clean up the mediterranean sea. her clear goal is to help preserve the local fish stocks and a creator cleaner environment no not in. the field 60 minutes on t w 5. unity and justice and freedom the 1st words of the german national land. and the 3

central values that fund the foundation of this country. have these values developed in post-war germany. hardy's it to live by and defend the principles of unity justice and freedom and i work every day in my life. our journey a 3 part series starts october 21st on g.w. . thought of the living probably in the $1000.00 system and the after some of the afghan people deficit with the afghan government if they want to go for each piece would this i mean how long more discontinued i think if there is only 100 line and that is the woman's right to not only is there a seemingly amending war in afghanistan there's also extremely bad blood between the afghan government and the americans who are supposed to be on the same side my guest this week is not syria on the show afghanistan's ambassador to switzerland

and to be invited nations in geneva.