and in china artificial intelligence is not only advanced. stock market analysis also helps average chinese with day to day tells. you this is business as a. saudi state oil company aramco is set for the world's biggest i.p.o. despite being forced to downsize their fund raising target. and is planning on selling only 1.5 percent of the company value would be more than $25000000000.00 although it would still make it the largest listed company in the world at $1.00 trillion dollars that is still less than the 2 trillion valuation the government had hoped for officials back the i.p.o. all the demand from foreign investors was only lukewarm. let's bring in head he's an investment analyst at the share center and joins us now from london it will be the biggest i.p.o. of all time but the saudis were planning to make much more from the sale why did

they have to pay back their expectations. well i think of their expectations were slightly high to try and valued the overall. business 2 trillion to me was partly a vanity project is very valued and when they were when they were asking the overseas investors to get involved it was lukewarm pretty much everybody said that it's going to be 2 trillion is far too much and more realistic valuation now seems to be around the 1.7 trillion to 1.7 trillion but even then i think you know the market in general still believes that that could still be slightly on the high side so i think you know they've just adjusted to reality to a certain degree was the valuation the only reason that international investors stayed away. well i think not necessarily i mean what you've got to look at is the saudi arabian market is a fairly limited access market for foreign investors. and there are concerns with

regards to control and political influence within the saudi aramco business as a whole than unfortunately i think what we have seen over the years is the roll family getting more involved and you know one of the one that prince is now in charge of the oil ministry that's usually something that doesn't happen and ultimately that means more control over for for investors unlike with shell b.p. chevron all the other all companies they will not have that much control of will this move help this is only 1.5 will it help when the saudi economy of all is that possible. the saudi saudi are encouraging rates roughly 2 thirds of government revenues so it's going to be very hard to do in the very short term i know this is only $1.00 and $1.00 and a half percent also at the moment but it's something that will take you know years if not decades there is

a vision 2030 plan by the crown prince. ultimately will help but there are a number of other factors that be they need to change i think the relationship between politics and economics is to close at the knees before more independence of the private sectors i think there is an issue with large companies dominating individual sectors because of the close connections with the royal family and there really isn't that much in terms of financing for smaller companies who wield little influence or think there's a lot of transition within the overall economy and the whole system as a whole. from the share center in london thank you very much. iran's supreme leader ayatollah ali hum in a has backed the gasoline price rises that have caused nationwide protests demonstrations broke out across the country after the government raised the price of gas by 50 percent to iran's 12 cents per liter mass protests in the capital

tehran and elsewhere some of which turned violent with demonstrators setting fires and breaking windows iranian authorities raise the official death toll to at least 3. u.s. electric car maker tesla plans to invest up to 4000000000 euros in its recently announced factory outside berlin germany german media reports the creation of a so-called factory could bring thousands of jobs to a region weakening dust from the factory but no legal papers have been signed yet and tesla found the 11 last does have a reputation as a corporate maverick. the announcement came as a total surprise during an awards ceremony in berlin elon musk announced a news matter of fact early. we've decided to put it as they get a factory europe in the berlin area. the plan is to build it in

the small town of green hided just east of pearl in it will be tesla's new europe factory where the s.u.v. model y. and batteries will be built it will create at least $7000.00 jobs and the factory will be built inside 2 years otherwise not much is known at the moment. the new competition right in german carmakers backyard might also inspire more progress in german electro mobility and hippie that is learning this is pulling us bad i think the german industries really know strongly in this thing and the bill keep you. a lot. better on friday folks are going announced it will be investing 60000000000 euros in electro mobility and digitize asian. and staying in that sector u.s. comic a ford has unveiled a new electric version of its classic sports car the mustang at

a glitzy event him los angeles hosted by actor i just elba the company says the mustang makea combines performance and green values some for the yes are disappointed because the new mustang is an s.u.v. those who are excited about the new car can place their orders for deliveries starting next. boeing as landed an order for 10 more of the grounded 737 max from both hands are subsidiary sun express bringing the total number of the airlines orders of the controversial plane up to $42.00 both companies made the announcement at the aviation trade fair in dubai on monday that plane type was rounded worldwide after 2 crashes killed 346 people elsewhere at the airshow emirates and their bus buses shook hands on a deal that will see emirates a hefty $16000000000.00 u.s. $1.50 a $315.00 right. now let's get the market's view on this with contribution and find

for comment how much of a risk is it for an airline to order a model which is still not allowed to fly. well we don't know the details of the deal of course it's very very likely that boeing offered. the airline sun express a significant discount for this order and it's also very likely that this contract will not come into final effect before it's allowed that the 737 max will get back to the air in other contracts comparable ones we've seen the same trends aviator for example the german excuse me the european new frails ally also said that they were willing to order the 737 max but really when of course it's cleared to fly. boeing is not the only large plane maker in dubai hoping for new orders airbus has

announced a big order as well how are they doing. very well guess what you just mentioned the large older that emirates has placed also al-arabiya has placed a fixed order worth around about 14000000000 euros air arabia is a new budget airline launched by 80 hot from abu dhabi and this order and the one from emirates shows that the competition in this market arabia continues to be really strong despite all the uncertainties in the region all of those in the frankfurt thank you very much. now it's been described as a game changer for combating climate change or curing diseases but for millions of chinese people artificial intelligence is more about smaller households closing the curtains ai is increasingly

a feature of everyday life in china but forming tasks that improve life but it's not without its effects. the star attraction on the streets of this big neighborhood maybe this talking parrot. but inside the homes here you find families like this one is talking not to their tropical birds but to their home control systems voice command technology has helped improve life for the lived one family that we have to our back had trouble air. performing the simplest of tasks. to show how come that brings more comfort to our ally and it makes as much happier year and policy. thanks to advances in sound recognition technology elderly chinese people can now access the benefits of ai through thought of her or if i have found that with the voice recognition it was easier for older people to use the same way i devise is cards on the other feet on the board but for all the

promise there was plenty of peril about ai use in china and shouldn't john artificial intelligence forms a key part of the state's repression and imprisonment of some 1000000 you got news limbs. in hong kong protestors fighting for democracy where mosques to meet they'd the clutches of the facial recognition technology capable of identifying gender age and much more. c can't we you and i speak you to it is in the friendlier field of robotic where china hopes to we'll talk talk control can bot has already sold 100 watts per use across the service sectors from hotels in airports to hospitals and banks. of china colonies are promoting technology especially education in the primary school high

school and even in college and technology is pressuring the service record industry growing faster than anywhere else. to the ears of chinese officials as they vie for an edge in the race for global ai supremacy. and that's it for me and the business team here in berlin for the business news background stories and features dula go to our web site this w dot com slash business also follow us on social media we're on facebook on twitter for go there's a quick look up close. markets others ombudsman. the be.

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the blueprint for every living thing on this planet me my new commissioner coming d.n.a. . brilliant natural code it's the most effective way to say vast amounts of data scientists in syria now want to use this code for technology they're developing artificial d.n.a. to see digital information. our old today 90 minutes on d w. earth. home. of. species. a home worth saving. given those are big changes and most start with small steps but global ideas tell stories of creative people and innovative projects around the world players that countries such manage solutions and resources should the be interactive content teaching

the next generation doesn't want to touch him. up the channels available to people to take action and most of turn into doing something here for the next generation the idea is for the environment series of global 3000 on t.w. and online. i think is everything challenging 1st under a muslim. school much different culture between here and there challenging for ever think i am coming. from islamists i think it was worth it for me to come to germany. i got my license to work as a swimming instructor up to be sure now our 2 children 100 of us was one of the toughest. what's your story take heart sheriff on info migrants dot net.

cut the budget play. this coming to you live from the highly charged standoff in hong kong between police and. tester's descends into chaos after a night of violence demonstrators lead a university under lockdown police use force to arrest those trying to escape also coming up easing tensions russia returns true neighbor ships from the ukraine in a territorial dispute over crimea. and with the resistant bacteria killing more than half a 1000000 people globally.