much of it is. surely to newsgroup africa and the world or link to exceptional stories and discussions from the news and the easy to out with say d w 2 come small countries join us on facebook. or go. to japan softbank officially takes control of workspace start of we work for billions of dollars even after the rescue we work staff face layoffs if the company's head leaves with a massive payoff will have the details. of the program southeast asia's rapid development is behind an enormous appetite for sand for construction there but that is taking a huge toll on local ecosystems. and the future of cab rides this year german

startup polo copter demonstrates its 1st prototype in singapore helping to revolutionize urban transport. for business on the w m how you navigate us thank you for joining us it's been confirmed the japanese tech conglomerate softbank will spend more than $10000000000.00 taking control of work space sharing startup we work it's now spent $19000000000.00 on a company that is valued at $8000000000.00 last week we work canceled an i.p.o. which was originally valued at a staggering $47000000000.00 it's understood c.e.o. adam human is stepping down as part of the deal but while he gets a golden parachute we work staff face to sack. i'm now joined by the w.c. financial correspondent on wall street gets caught of who's joining me now good evening yes well we've seen mixed reactions to this announcement with some analysts even calling it a crisis for a soft bank what do we make of the steel. well soft bank has already

billions of dollars into we were going now as you mentioned the company is by far not as much worse as we know as soft bank was hoping for at the beginning of the year and if you know if we work in general the problem is they actually have the long term liabilities from their i.p.o. prospectus a couple of weeks ago in the amount of more than $45000000000.00 by the other side they have heavy losses for the 1st 6 months of the year we saw revenue and we were of about $1500000000.00 but on the other side we also had losses for the 1st 6 months of the year of $700000000.00 so well we will see if soft pink is doing this really because they see the success story or if it's

also a desperate move after we work was threatened to run out of money was in the next couple of weeks let's talk about that we were scurrying c.e.o. adam newman who will step down but will receive a whopping $1700000000.00 in compensation how considering the company's disappointing performance. well basically because. adam human owned quite a chunk of stock in we work and about $1000000000.00 that adam newman is getting from softbank that is actually his his hair so his stocks he also will get roughly a 500 $1000000.00 for a loan facility and then a good $180000000.00 for as a consulting fees so some analysts are saying that for adam human this is the emperor has no clothes moment but on the other side for adam human it's also

a very lucrative moment definitely so thank you very much in new york for the analysis now to some other business stories we're following for you iconic u.s. motorcycle maker harley davidson 2nd quarter profits dive 20 percent year on year harley has been hit by the e.u. u.s. tariff disputes european tariffs on the famous machines rose from 6 to 31 percent but the result was better than expected and harley's shares rose on the news. the world's number 3 on a motor supplier continental has written off 2 and a half 1000000000 euros in assets the german company expects slower auto production growth in at least the mid term and is also spinning off its power train division instead of floating conti shares were slightly up in the news. and qatar announced a major expansion of doha's how modern term national airport the new construction will allow the airport to double its capacity the 1st phase will be ready by 2022 went to tart will host the future world cup construction is due to start next year

. the lebanese government has announced wide reaching economic reforms it's an attempt to pacify the hundreds of thousands who took to the streets protesting conditions in recent days but the new reforms have done little to ease the tensions. the protesters in beirut want to topple the entire political establishment which they see as corrupt governments wide ranging economic reforms have failed to win them over. the last we don't trust this political class even if they light all their fingers we don't believe them anymore because today they say something and tomorrow they change. that then that's people are taking to the streets for their future and the future of their children. in reality the political class we have has left them nothing before this uprising if we can call it that the government has tried to pick the pocket of every poor person until they were left with nothing. but government to scrap to plan $0.20

a day tax for whatsapp and facebook messages the initial spark for the uprising last week the prime minister also promised to fight power outages and to allocate a 160000000 dollars for housing loans in an attempt to revive the struggling construction sector. here to consider. to the cabinet held by the pressure of the. political. changing is. presented to them and therefore his thinking. but for many of these reforms are too little too late the world bank says a 3rd of lebanon's population lives below the poverty line and their patience is running out the protests have now paralyzed the country for 6 days with schools universities banks and other businesses shuttered and there's still no sign of a letter. wearily think about it but sand is an

essential component of many materials it's and things like glass asphalt and concrete megacities in asia couldn't be built without it so in many southeast asian countries sand is dredged out of rivers including the mekong river in cambodia with disastrous results for local residents. removing too much sand from the bed and banks of a river can disturb its equilibrium here the mekong washed everything away trees the riverside road the houses on fire you don't get it but it was night time and you were asleep and suddenly we heard a noise we thought it was the children but then the house started to move i was terrified we crawled out and ran away. but now my. cam use the remains of the house to build a shack with one bedroom and a kitchen but no inside walls or a toilet the family collects rainwater to drink and when they look over to where

their small plantation once was with a wooden house stood they can see the barges on the river high in the water when they arrive empty and low when they take away the sand from the river bed. this is happening in many places in asia in vietnam in malaysia in indonesia sand has been pumped out of the river for years causing banks to collapse and rivers to change course. you know we're not making much water and i don't know where all those people come from or who they are there are so many digging machines i only know that they've come to get the sand. some neighbors have stopped by they say the river has carried away more than 100 homes some are still sleeping outdoors along with their children. yet above the sand belongs to everyone to el of us because people are taking it away and driving us to the brink of ruin at one point the villagers were so outraged they gathered on the riverbank to protest no no no we were standing from here to over there. we curse them on yelled go away go

away. but they came back we're too poor so we lost. the rich people have won. here outside the capital numb pen there are piles of sand for the city's building sites and here this man works for an environmental n.g.o.s. 2016 we checked official shipping documents and discovered that cambodia had claimed to be sending a little sand to singapore but singapore registered many times more so something doesn't add up but the government has never commented on this. sand used to be something that never ran out but now it's become a sought after resource and the foundation of the wealth of cities. before we go may be over is not really the taxi's official replacement but the unmanned air taxi is a german start of volo copter certainly thinks so the company tested one of its flying

taxis in singapore as part of the intelligent transport systems world congress which runs there until october 25th have a look. the test flights in singapore involved a pilot but the final version will be able to fly without one of all the coptic can travel up to 110 kilometers an hour carrying 2 passengers out their luggage bill to cover short distances it can stay in the air for 30 minutes the company believes its biggest market will be cities like jakarta and bangkok which suffer from intense traffic congestion. many of the world's largest biggest cities are in. asia so obviously this is a natural market to us and we see great progress on the side of the authorities you know making new modes of transportation available so it is a natural fit for proper. copters says the service will likely appeal to business travelers eager to save time but is hoping that the general public will one day be

able to afford it to. the follow up there is an electric power drone which runs on 18 brochures as a result it's much quieter than helicopters which require fuel. to german startup is backed by car maker di miller in september it in that state was joining up with the holding group which will bring its air taxis to china which they hope will be the future of urban travel. and with that look into the future that's all for this edition of business thanks for watching see you next time to care but.

i'm not laughing at the germans well i guess sometimes i am but most end up with a bit of an think tank into the german culture. take those grandma day oh. it's cold out. no i might go join me to meet the devil funny gulf coast take a trip on us go christmas market hopping with w. in cologne and the octo-mom airfare and hotel are included for you and

a guest. just tell us which german street is your favorite. what's the most beautiful place in germany. what would you like to explore most of the winter check in a d w dot com slash travel good luck and enjoy some. human rights mean down in history and bitter twisted. you made me in the very dirt but still night. did you want to see me broke. from the.

stove the often this turkey's offensive in northern syria plunging nato into a crisis zone does this call for more than diplomacy from germany from the e.u. . we are talking to germany's defense minister. come. on let's start with the big questions syria minister what will you say to your nato call the ex when you meet with them later this week and thus they haven't been done zuck. goes. to its own instrument and i will tell them that the situation

in northern syria directly concerns the security interests of europe and the security interests of germany wouldn't the body and. the twist this is a situation where the fight against isis terrorism must be continued resolutely continued so that consequently we're currently experiencing a humanitarian disaster with hundreds of thousands of people fleeing injured or dead. or does. europe especially the europeans in nato are now being called upon to. pose how the situation in northern syria can be shaped and pacified in the long term in such a way that it suits the region but also that we need a good solution regarding our relationship with our nato partners turkey. not a partner to.