i'm a change is making oceans warmer and weather extremes worse the indian ocean which sends rains to east africa is unusually warm right now that means up to another 6 weeks of heavy rain for a region already under water. you're watching t.w. news up next business news with jenelle when don't forget you can get all the latest news and information around the clock on our web site it's d w dot com i'm born golf for all of us here in berlin thanks for the company will see you tomorrow. i'm secure in the. not tired and in the end this is a me you're not allowed to stay here and more we will send you back. are you familiar with this. with the smugglers would lie and say. what's your story.

'd on what numbers of women especially of victims of violence. take part and send us your story we are trying always to understand this new culture. not a visitor nothing yet you want to become a citizen. in for migrants your platform for reliable information. the end of a lock up period marks the start of a major selloff bridling is that shares driven down to a record low as early investors scramble to shed their stock. and germany economic council turns its growth forecast and insists german economic policy makers drop. the long treasured success metric the balanced budget. we take

you to show where an amazing transformation took place in the past decades but at what price. this is the ability of business i'm joined on in berlin welcome and it's a rough ride for that stock tumbles to a historic low that's after a stock lockup period expired allowing early investors and employees to sell their shares analysts say that means 80 percent of all issued shares could now hit the market the right ailing company went public in may in a bumpy i.p.o. and hooper is still struggling to win over investors despite increasing sales losses remain astronomical they amounted to $1200000000.00 in the 3rd quarter the big question on people's minds remains whether the company will ever make a profit. joins us now from wall street so yes not exactly a vote of confidence from the market there what does this tell us about where

investors think heading. they're clearly troubled waters for shareholders said this point to the stock price was down another 4 percent here in the wednesday trading session meaning since the i.p.o. the stock is down by a good 40 percent so almost got caught in the half and some of the earlier investors are underwater now meaning that their share or their amount of stocks is worth less today than it is when they bought in certainly very early investors they'll still made quite a fortune but overall all but i did hear how this went on and we've seen this before when we have those lockup periods and doing that means that millions of shares are flooding the market and that usually puts pressure on those stocks so a turbulent time for stocks but the tanking share price isn't even the only drag on

earth today this itself driving technology has also come under a fair bit of scrutiny what more can you tell us. yeah there was a preliminary report from the national traffic safety board saying that the driving technology from. is probably having some trouble. recognizing people who are jaywalking so we're not crossing the street said cross walks or. traffic lights we will hear more. official hearing about some of the accidents that were cars that had been involved on november 18th but clearly if you look at self driving cars that is the future of over at support supposed to help bring costs down at the right sharing company and if this to good knowledge is having some serious issues and the introduction olds those vehicles

might be delayed substantially so that might also mean even more trouble ahead for over technologies. as if they didn't the it can use anymore thank you very much yes carter there on wall street for us. germany's council of economic advisors to the government has trained its growth outlook for europe's biggest economy to just half a percent to reverse its fortunes the council suggests that berlin drop the sacred cow of its economic policies the balanced budget critics have long blamed berlin's frugality for crumbling infrastructure and problems with high speed internet access the german council of economic experts say germany faces continued economic weakness but they are not expecting a deep recession the economic advisors we commend lowering taxes but chancellor angela merkel makes it clear that she is calling the shots. stuff and i can tell you that we don't always follow your suggestions but they still provide us with inspiration and you will also find many of your thoughts in what we have already

done. however the council says the government has done too little for industrial policy leaving tens of thousands of jobs at risk in the auto industry the sector could easily use some state support especially for all to multiple suppliers the government could also help by subsidizing part time work and retraining programs. we are witnessing a downswing in traditional auto industry technology carmakers are focusing entirely in new technologies so we have to adapt to that as suppliers through the fall combine it all costs money the council says the government should abandon its so-called black 0 goal of keeping the budget balanced and refrain from taking on new debt it especially advise investing in infrastructure to avoid a recession. just. from our viewpoint the balanced budget is a good device to reduce demand and shed debt in a period of recovery but as the economy slows it is very clear that insisting on

a balanced budget just will not make good economic sense since one. but the government sees that differently and still refuses to take on fresh debt. now to some of the other business stories making news japan's tech group softbank a loss of 6 and a half $1000000000.00 last quarter that compares with a profit of nearly $5000000000.00 a year ago the results were hit by loss making investments in startup we work and bright sharing app neither of which has turned an operating profit. voters across the river from new york city have approved restrictions on air b.n. b. and other short term rental companies jersey city has grappled with the housing crisis as landlords cashed in on tourists visiting new york air b.n. b. and its competitors are under fire in a number of u.s. cities for driving up the house of the cost of housing provided in. london and washington remain committed to reaching

a post break that free trade agreement that's according to a statement from downing street in a phone call prime minister boris johnson has urged president donald trump to lift tariffs on goods including scotch whiskey and exclude britain from possible jews on european cars. beijing and paris signed contracts totaling around 13 and a half 1000000000 euros during the visit by french president to china up deals were struck and aeronautics energy and agriculture including approval for 20 french companies to export poultry beef and pork to china the european union and china also a deal to protect the geo graphic origins of $200.00 regional products like rock for cheese and pool wear t. separately chinese state news agency shin was said they agreed to work together to push forward the completion and delivery center program of the european plane maker air buses a 3 a 350 model as well as step up investment by air bus in china. it's

known as the asian silicon valley since then and southern china 40 years ago it. it's just a small town today it's a major tech hub attracting millions of city dwellers a serious competitor for nearby hong kong and send then is still growing but at the cost of its citizens. he has no time to talk mr town is hurrying through the streets of shenzhen he has to act fast his old place is being demolished. but i need to find a car i have to move house. the houses here are being torn down i need any flood. how many. tons daughter is waiting on the street with all the family possessions it's about to start raining every minute counts otherwise everything will get drenched. we're going to ask how much 120 un president.

ok. things are on the street. just 2 months ago he was told that the whole neighborhood will be torn down to make room for luxury apartments town is a craftsman and will probably end up building a few of them but he can't afford one himself so he has to leave his new flat is far away and costs twice as much it's going to be difficult to provide for his family. budget that if you don't leave this city turns off the water in the electricity battle it out that if you get a. ton lives in the by she jew district of cheyenne gen 150000 people live here mostly blue collar and office workers with little money and modest aspirations the streets are narrow the flats are affordable by she jew is the center of the city not far from the posh buildings of downtown an ideal place to build a city leaders are planning more luxurious skyscrapers. on the other side of the

bay another mega city hong kong the city has big troubles for the powers that be in beijing shenzhen has to grow to keep hong kong's power in check. official city developers like dr chowed know that they're planning the next luxury mile to attract china's elite a business worth billions i says of the buy she jew district is right in the middle of the high tech park she and gentleness in order to further develop it we need well educated people who are looking for a better living situation. that means the death of small businesses in the area china's big goal of leading the world economy doesn't take the lives of ordinary citizens into account those who don't make the cut lose their livelihood and have to go. and before we let you go some less than pleasant news for all of tons of flyers air travelers flying through our

from germany can expect major delays and of thousands that has cancelled a 1300 flights affecting around 180000 passengers cabin crew are striking for 2 days the last a bid to halt the strike at a frankfurt labor court the industrial action centers around expense payments and will mainly affect flights leaving from germany on thursday and friday. and that's it from me and the business team here in berlin for more business news and features you can always go to d.w. dot com slash business or follow us on social media i'm john el-gamal out in berlin thanks for watching.

shortage of teachers in rural areas. big problem for russia and a huge problem for children. are still in yon isn't a teacher but he wants to do something positive. voluntarily travels to remote areas and teaches kids to open doors of opportunity for them.

60 minutes long d.w. . live a. good link to school for good morning or link to exception stories and discussion on the use of easy to our website to debbie to come smutty come join us on facebook. for. the league games began. to believe the issues above his use of bad. news above. the bucket. brigade love being the 1st place club you should

play a suburban. slowly above the a slum. the bowling club the sled the bob the love the big summer the. love and respect. place. this is the news epic that coming up in the next 15 minutes help finally a brides in somalia parts of the country are still under water off to be pounded by heavy rains now age is trickling in. meanwhile in zimbabwe is offering and while vlad's is in grave danger. to people making

a living in a country where no one goes to the cinema.