world. they're under for power and boundless ambition of the middle east into a great crisis in. the life principles of the cold starts nov 27th on t.w. . stagnating in germany a shop drop an investment in europe's economic engine while the pessimism about in economy that's otherwise so robust. the german parliament clears the way for the controversial north stream to project their concerns about europe's dependency on russia for gas. and ethical investments no way shows how funding solutions to mankind's most problems to become a long term business model. have been physical and let's do business things are

less bright than they might appear in the german economy that's according to a survey of chief financial officers conducted by management consultancy to lloyds it found a shop drop in both investments and recruitment which levels the lowest in 7 years the auto industry engineering and chemical sectors of the most pessimistic especially in investments the banking sector trails in recruit but the survey showed c f o's were most concerned about a full kastrup in domestic consumption in the coming year just digitisation came out as the one area they are still happy to invest in. let's go to chelsea delaney of financial correspondent in frankfurt chelsea just how bad is the situation because i mean germany's just narrowly missed a recession it is basically stagnating wouldn't investments from both the public and private sectors be exactly what the doctor ordered. well that's what

economist investors have really been begging for over the past couple of months investment is really the really the bedrock of economic growth so the deterioration and willingness to invest especially in the manufacturing sector is definitely a concern for long term economic growth but there are a lot of obstacles on both the public and private side for investment going forward the german government still is sort of saying they don't want to do fiscal stimulus and the private sector it's really hard to imagine any sort of manufacturing firm investing and long term manufacturing activity and things like that given the economic climate so i think it's hard to imagine german investment really going up from here thanks for joining in chelsea lately. the german parliament has cleared the way for north stream to a contentious pipeline will see russian gas delivered directly to germany under the baltic sea traditional transit countries are also fears moscow could use it as

a political tool it's turned off the taps to customers before and washington doesn't like a project the u.s. wants to sell its natural gas to europe. north stream to pipeline is owned by russian energy concern gazprom the gas it carries is also gas problems but a new e.u. regulation says the pipeline owner and gas provider must be different companies as of 2020 but that would apply to north stream too which is still being built so the german government is claiming that since the pipeline is as good as done it shouldn't come under the looming legislation. the plan is for the 1200 kilometer long pipeline to transport an additional 55000000000 cubic meters of russian gas directly to germany the gas is needed to secure electricity supplies now the country is phasing out nuclear and coal power he you countries as well as the us maintain that a 2nd gas pipeline across the baltic increases europe's dependence on russia. in

the u.s. there have been warnings of sanctions on european companies taking part but michelle holmes who's just returned from washington thinks that's unlikely. stream too is a difficult subject for the americans i made our position very clear and i believe that the arguments have been heard that we need to coordinate efforts with our allies and we shouldn't punish those companies involved in the project. the pipeline is almost ready if everything runs according to plan nord stream 2 will enter service in the 2nd half of next year. joins us from our russian desk in bonn what would say actions achieve for washington. well washington probably wants to stop that project and i guess there are several reasons for that mainly the main reason is that this project will make you germany and europe in

general more dependent on russian gas russia is already number one supplier of gas to germany with over 30 percent and we all know the germ of the trust has used to gas applies as a political tool against ukraine in 200620095 cutting off supplies so always such a possibility it is from the united states court of view and from the point of view of some critics of the project in europe is dangerous to make yourself dependable i also think the united states my probably tried to postpone the project to give ukraine some time to reach a new transit agreement with russia so that starting in 2020 the gas will still be flowing through ukraine otherwise ukraine will be more dependent for russian pressure on the vote the more vulnerable why then is germany trying to skirt the e.u. on laws that are meant to prevent the abuse of supplies. well i guess the german government is trying to do what the german economy thinks is good for

her the german companies. participating in that project and it is a very lucrative project for the german for the german business or germany will be the major gas for russian gas in europe and this is of course very attractive and i also think the german government is going sid ring that in the coming years germany will germany will need more gas because it will it will be giving up on atomic energy and it will need some things to substitute that or to also also be giving up on oil on coal as a source of energy fossil fuels and that is why german government is. calculating that it will need more gas and this is why i think is the major reason for pushing that project forward oh man just tell me could the project still fail. i think this is very unlikely we have only a few weeks and the project will be nearly over so it's done 90 percent and i

don't think that anything and you sanctions from the is going to stop it. before us from al this heat on thank you very much for putting money where your mouth is young you know we germans are showing the rest of the world how to invest in an ethical and environmentally friendly way the idea is to support those corporations that have building a sustainable future taking into account their impact on society and the planet and reports. for the trip to work or to go out shopping or to visit friends. mostly uses a bicycle not just because they're on every street corner and cheap to rent the 28 year old is concerned about protecting the environment wherever and whenever we can . we also have to look at. all the things we're going to. have are not just your mode of transportation so what i'm also doing is looking for

ways to invest my money which will which will help. the environment over the next 50 years i consulted nor da wants to invest his money sustainably he puts his money into renewable energy funds rather than coal or weapons and he also invests in companies that respect workers' rights in scandinavia large banks like norway's d.n.b. began creating those types of funds 30 years ago long before it was thought of in the rest of europe today portfolio manager yun secrets and sees rapidly growing demand and many investors want more than just a small carbon footprint i think we see more and more sophisticated questions they are not on there anymore just measuring their carbon footprint of a company which is not a very good indicator of if the company is responsible or not but they are looking more deeper into it and see what the companies are really doing for society that

has been influencing decisions about where a fund invests and where not kids will burn has developed a process to make diesel fuel out of plastic waste he's just built a factory to make the fuel on an industrial scale that's perfect for environmentally conscious investors. if you sold or could be part of the solution to the plastic race problem and to have large investors like could be in be focusing on the this is of course a strength to what we are doing. the fact that these new technologies don't offer maximum profits is not a deal breaker for those investors. if you only look to maximize values right now you might. go in through the zoster. and so

for me it's not a big issue to sacrifice some revenue now to my well yes sustainability and profit are no longer mutually exclusive according to fund managers secrets and quite the opposite finding solutions to mankind's most important problems can also become a long term business model numbers but it's not just scandinavia that's going green on the investment front the european investment bank will stop funding fossil fuels by the end of 2021 to help fight climate change that includes natural gas projects it comes into effect a year later than proposed after lobbying by e.u. member states many european countries still rely heavily on guest you power of their tricity grids the bank says policy changes need to strike the right balance between protecting the environment and keeping the lights on across the continent. in other business news from around the world alibaba is planning a $14000000000.00 listing at the hong kong stock exchange has a set to start trading on november 26th the i.p.o.

comes as beijing's seek support from hong kong's tycoons and entrepreneurs to maintain a sense of business as usual in the face of 5 months of on race. amazon wants to challenge the pentagon's decision to give microsoft a $10000000000.00 cloud computing contract the online retailer says politics got in the way of a fair process. u.s. president donald trump has repeatedly taken swipes at amazon and its founder jeff bezos rules who owns the washington post. and on the closing day of a 2 day summit the brics nations of top of merging economies one the trade tensions and policy uncertainty are undermining the global economy china russia india brazil and south africa urged the world to keep markets open and slams protectionism the 5 countries represent about a 3rd of global output. at australian airline qantas has completed

a trial flight from london to sydney known stop about 787 dreamliner touched down after a journey of 9 hours just over 50 people were aboard the flight off way around the world including quite a c.e.o. alan joyce the journeying to test the effects of ultra long whole air travel on passengers and crew as the airline prepares the engine regulus services thinking astray and london and you'll. i can tell you it hurts nice doing business with it.

and now physically affectionate mention but affectionately as you can. be written in the middle of his election campaign in the year 2000 documentary was filmed for russian television. to turn the camera back on of course the film secretly chronicled the power grab actually everything was precisely planted instruction. featuring top supporting. rolls to the freedom of russia.

and featuring a lead role like you've never seen before. for the here for the mirror which do the ends justify the means. to tim's witnesses starts december 13th on d. w. . welcome to news from the world of arts and culture climates and culture in the news with venice on the water we'll be looking at the relationship between climate and the arts also coming up. 100 faces from 100 years of life the photographers look at all the ages. and the invention of the light bulb and in the natural alternation of light and dark and intriguing art

exhibition looks at how electric light has changed our lives. current weather patterns around the world are showing us quite clearly that we are not looking after all planets and recent pictures coming out of venice some naturally disturbing not just for the local population there but for our lovers around the world and indeed anyone who has visited this extraordinary city in northern italy the crypt in st mark's basilica unesco world heritage site is on the water and this is the 6th time this has happened in 1200 years but 4 of those times i've been in the last 2 decades. the climate crisis is threatening our cultural heritage but is the arts world also affect.