we'll shares in chinese economist john baba have surged in its hong kong trading day one of the year's most and to support install for things the company which is already traded in the u.s. raised more than 11000000000 dollars in its secondary listing on tuesday a sea. of shares of ali baba surged almost 8 percent in the 1st few minutes of trading the initial public offering of the online retail giant is the world's largest so far in 2019 the secondary listing in hong kong is alibaba access to chinese mainland investors it also means that shares could be traded almost around the clock now between hong kong and new york was on genius saw the occasion of ali baba's 20th anniversary we have our shoot in an important milestone which is to come home come back to hong kong for the listing.

this is ali baba celebrated its founder at the event jack ma who started the company in his living room. ma listed ali baba at the new york stock exchange in 2014 and became china's richest man back then ali baba said it planned to be listed in hong kong as well now the time has come. i'm also grateful that they choose to calm just spite the difficulties despite the challenges that we are going through here in hong kong. ali baba called the listing a vote of confidence for the city hong kong has been rocked by sometimes violent pro-democracy protests for months the protests and the u.s. china trade war have sent the local economy into recession. let's bring in craig he's a senior market unless they're the one that joins us from london craig why is this

thing so significant farley vava. well i think we have to remember that this is actually the venue that alibaba want to list all those years ago but you to see and regulator you can see how to consider gold russians and of course new york is not exactly about alternative option but in terms of why you would want to list now but remember this is an extremely profitable company but it does give it extra revenue to continue to invest in the firm and it also gives it access to a different pool of investors an asia which is its home market so i think this is a very beneficial listing for one which it always had in mind albeit maybe a few years later than initially planned very beneficial not only for. this not totally unimportant for hong kong as a financial center on the. the timing of this issue to a significant hong kong which spent 6 months now talking about protests in the city and about the escalation in terms of the political crisis there so to be talking about it for positive stumm point hong kong giving is showing those that it's

business as usual that it can still attract those big names we have to remember that it's not over the last few weeks in particular questions have been asked about the future of hong kong a financial district well today it showed that it's still a hugely important financial district around the world and it's continued to it's going to continue to be for decades to come. from in london thank you very much for joining us. bitcoin investors need nerves of steel the much hyped crypto currency has fallen to another 6 months low and china plays an important role in the current decline that's in part because china has announced plans to take a harder stance against crypto currencies altogether but bitcoin has always fluctuated wildly in the past harping on a doubling in value within a few weeks is not uncommon clearly the currency react strongly to good news and

bad news which is what's been happening recently when china's president xi jinping spoke out in favor of strengthening block chain technologies saying more should be invested that boosted bitcoins priced but now that china wants to take action against bitcoin the price has again collapsed let's bring in our financial correspondent. standing by in frankfurt for us early it sounds like investors really got confused about things a commons there what did they get or draw and what did they get wrong. yes i think they got it wrong that human china was going to look into bitcoin and cryptocurrency is like it to adopt methods of payment but one actually knows that the chinese yes they are working on a digital currency but certainly one that is controlled by the state and not

non-state controlled like like bitcoin one knows that the chinese are totally against this and other people who are responsible for real currencies ones that are bank by central banks that's the definition of a currency that there's someone behind it that accident guarantees that they're also not enthusiastic buying on state controlled currencies floating around there it's not just a question of money laundering or criminal activity that's behind it but there's of course the possibility of destabilization of financial markets and us of the financial system of non-state controlled investment vehicles take hold i think what she jinping was especially talking about was looking into and developing further the block chain technology behind. bitcoin and in the beginning people equated bitcoin and block chain as one unit but in fact what bitcoin is just using plug chain and lots of people are looking into that interesting technology and that

really has the potential to change the financial world. see doesn't this rollercoaster and this volatility all known one remark why does no actually mean it's. a big call another cryptograms is not a safe bet. yes they are not a safe bet you're right because there's nothing really to back it except to self to find a definition by bitcoin of what makes it valuable it is a valuable tool for criminal elements it is a valuable tool for people who are a large ideologically against state controlled money and the huge surges or tumbles not there's hardly a serious investment vehicle out there which shows us oh so many times over such short periods of time. only once in frankfurt thank you. dot should still a t.n.a. co is to be acquired by a consortium comprising japan's mitsubishi corporation and electric power the deal

is valued at full 1000000000 euros echo is owned by 44 municipalities in the netherlands and is one of the country's largest energy companies and it goes specializes in renewable energy and has about $6000000.00 customers the netherlands belgium and germany. and now to some of the other global business stories making headlines today german comic plans to slash 9 and a half 1000 jobs in germany in the next 5 years it's part of a massive restructuring plan to save billions over the coming decade the job cuts are to be achieved through an early retirement scheme. said it would continue to hire in areas such as electro mobility and digitization. german economists are expecting a strong holiday season and its monthly consumer climate index german market research group j.f.k. is predicting an increase in consumer confidence of just over one percent for

december but the christmas uptick only goes half way to correcting last month's retail slump. u.s. state of texas has dropped its opposition to the merger of mobile phone companies sprint and t. mobile usa and i was in a settlement that would stop them from raising prices for 5 years 14 states and the district of columbia are still planning actions to block the $26000000000.00. mexico fell into recession during the 1st half of this year revised data shows the economy shrank before flat lining in the 3rd quarter the figures come one year after president under arrest manuel lopez obrador came to power the former saying. now what to do with a set of priceless 18th century jewelry stolen from one of germany's most iconic museums monday's heist in the city of dresden is said to be worth up to 1000000000

euros the thieves are unlikely to try and cash in on the pieces anytime soon though because the collection of the royal house is far too well known. once owned by the 18th century royal family these sets of diamond studded jewelry have been described as priceless they're part of one of the biggest and most unique jewelry collections in the world and now they're in the hands of criminals in just minutes they cleared a section of the display case in the green vault these pictures from the surveillance camera captured the thieves in action exactly how many items were taken is still unknown but the jewels the river size and purity rarely seen on the market anyone trying to sell just one of them at auction could expect to be arrested immediately auction houses and dealers all over the world will be scrutinizing any standout pieces and their owners the pieces may get melted down to

release the precious stones which would add insult to injury for those who were robbed. these ensembles have stayed together they have significant cultural historical value there's nothing else like them in the whole world and the individual pieces and the materials are nothing in comparison to the significance of keeping the ensembles intact that's also almost solely thoughts and . art market experts are now eager to see when and where the 1st stolen pieces turn up in circulation and whether or not they get recognized. what exactly the burglars have in mind for the stolen treasure is a mystery there is a growing market for on sega and one of the kind of pieces stolen goods of that reputation aha to sell earlier we spoke to the younger of donna her she's a managing director at the auction house here in berlin whenever we have

a customer offering an artwork we do something very typical it's called provenance research we find out where has the ad work been from the moment it has been made to the moment we would sell it and then we get help from the register which is a database and it has all the stolen artworks in it so we can look them up and of course the police does help us too with everything stone. well that's it from me on the business team. business i'm features photo web site e.w. dot com slash business thank you 4. 5 after that.

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get me a fictional asian but as affectionately as you can. bloody near putin in the middle of his election campaign in the year 2000 a documentary was filmed for russian television the director vitali months and it captured me much more it was to turn the camera back on the moment of course you're going see the film secretly krone gold a power grab actually everything was precisely placed in structure. featuring thompson morning rolls through the brush up. and featuring a lead role like you've never seen before let me be clear with you. but i mean there's plenty of it should do the ends justify the means. to tim's witnesses starts december 13th on d w. this

is deja vu. news live from berlin tractors tractors everywhere. german farmers take their beef with the government to the capital for lent they've driven in from around the country to protest regulations they say may make their lives difficult also coming up to leave some break into the royal palace in the german city of dresden and make off with diamond jewelry of the international cultural value museum authorities are still figuring out what's missing.