what. do you agree a group. of apple saudi aramco is now the world's most valuable public company shares of the oil giant make a strong market debut and give crown prince mom have been solved on a 1st stopping stone to overhaul saudi arabia's oil reliant because also the program world trade might be slowing and global risks on the rise the fed says the u.s. economy will be just fine and spain has a huge problem with the o.e.c.d.

says deserve a fixation it is already widespread as madrid fails to implement effective laws against climate. was colder welcome to the program it's a market debut and one with authority one and a half percent of saudi arabia went up for sale on its domestic stock market it was enough to make the state oil giant the most valuable publicly listed company in the world even if interest outside the gulf states was much lower than the saudi leadership had hoped the record breaking i.p.o. provides the oil rich kingdom with urgently needed cash. this is what it looks like to launch the world's most valuable company on the stock exchange for the 1st time. saudi aramco pride and joy at the saudi arabian royal family kingdom has gone public to made its long awaited market debut in riyadh on wednesday. fanfare to nearly pre trading the shares reached

$9.39 each that was enough to hit the 10 percent cap on day the price rises he values the company at almost $1.00 trillion dollars still short of crown prince mohammed bin salmond's targets 2 trillion but nevertheless seen as a cause for celebration. today the kingdom of saudi arabia is no longer the only shareholder of the company. more than $5000000.00 shareholders have joined including citizens and residents in this kingdom and so the c.c.c. countries in addition to saudi regional and international investment institutions this is a day when everyone in saudi aramco and in the kingdom can be immensely proud. however the listing is not all it was meant to be the idea was originally conceived to bring in foreign investment but in the end there was limited interest from

abroad and the original plans to list in london or new york was shelved nevertheless a key stage of crown prince mohammed bin salmond's economic liberalization plan is now complete saudi is pushing itself away from its reliance on oil and finding new ways to make money. we asked investment analyst tell me why such a massive i.p.o. was only launched in riyadh and not at one of the big international stock exchanges . well that was the thought but he would list in london or new york international investors were really concerned about the valuation demanded a trillion and international investors just didn't think it was worth that much and also you've got all the political interference you know political interference in terms of business decisions they'll be you know that would be quite messy and also international investors do care about. you know the environmental social and governance issues and certainly with saudi aramco and saudi arabia itself there are

a lot of those could. ultimately resulted in only a saudi listing and that's been analysts tell me speaking there now the u.s. federal reserve has left its benchmark interest rates steady and signals that borrowing costs are likely to remain unchanged for next year chairman drawn paul said he believes the central bank's current monetary policy would support sustained growth a strong labor market were cheap inflation near the target's 2 percent. overnight lending rate will remain between 1.5 and 1.75 percent. follows rate cuts earlier this year let's bring in our financial correspondent in new york again so the fed's view on the u.s. economy is basically everything's hunky dory is it. at

least very solid we had we did see some weakness that's what the federal reserve mentioned in business investments and an exports both probably because of the trade disputes that we're seeing especially between the united states and china but if you look at the job market that is red hot we are at the lowest unemployment rate in 50 years but even. the fed chairman did not call the job market hot he was asked when would it be hot and he said well if something you need to teach to have something hot and was he means that we hardly see any wage inflation overall inflation inflation remains pretty moderate and therefore there was also no reason to increase rates and yet none of the policymakers suggested that lower rates would be appropriate next year what are we to take away from that.

that's what the market expects at this point that we might see no movement to whatsoever with interest rates in the united states next year and then maybe the next step and 2021 could be rate increases but well we shouldn't forget the couple of things 1st of all the federal reserve does not really know how the trade disputes develops of the federal reserve reserve does not know for certain how the economy will improve or not in the next year and then looking at 2021 u.s. president gets reelected it is pretty unlikely at this point that the fed chairman jerome paul will get another term starting training at $21.00 so there are still a lot of uncertainties but at least at this point nobody really expects to raise change also not decrease any time soon there are several reserve interest rates on hold yes quarter reporting from new york against thank you so much. but there it is

currently at the center of the u.n. climate talks as host of the cough $25.00 conference spends government officials like to emphasize stands firm and ajman in the battle against global warming but the country's continuing political deadlock is hampering efforts to effectively deal with climate change. for months one minute calderón has been feeding his sheep a. because the area of land where they should be grazing on fresh grass now looks like this problem is that we've been suffering from drought began last year that's why i have to get my animals have already made feet. he took up sheep farming after the economic crisis forced him to abandon his job in construction but now agriculture too is proving unsustainable this time its drives

that's threatening his livelihood he reckons he'll be able to survive for another year or so. before i spend 50 to 60 year olds on sheep every day that goes on the corner and hey hey really is a luxury item. in the summer it cost me a euro $40.00 or $150.00 now it's more like 3 euros. drought stricken fields and dried out lakes in an ordinary year you'd record or ryan 600 liters of rain per square metre this year it's around 70 this situation is very different on the coast where green has this dominate the landscape strawberries are big business here environmental activist philippe fuentes says the cost of the drugs isn't just climate change. the lack of water and the steadily decreasing rainfall at this time of year our science of climate change on

top of that the authorities aren't doing their jobs and the water is being used illegally. environmentalists say the scope of the problem is enormous. the laws have been ignored and the whole world knew about it this applies to some 2000 hectors. berries play an important economic role here but in the long term the lack of water could become a major problem some fruit farmers are already cossington on their water usage when we can cut water and fresh allies eased by 20 percent. meanwhile sheep farmer one man you are wrong is hoping for rain if it doesn't come soon he may have to pack it in and begin afresh all over again and staying very viral mental issues air travel is responsible for around 2 percent of global c o 2 emissions and yet despite the climate crisis more people are traveling by plane

passenger numbers have risen steeply over the last few years particularly in asia. the rise in air travel is good news for the leading edge craft manufacturers has plenty of orders to fill in the next 2 decades european air travel is expected to double. many knowledge and airports are being built across asia including beijing's dashing and court once completed it will boast 4 runways now this year the asia pacific region has the largest share of international air traffic with almost 34 percent followed by europe with 26 percent and north america with just under 23 percent. africa far behind with just 2 percent. but the sector is likely to grow rapidly in some african countries this year uganda

relaunched its state carry out uganda airlines after it was grounded for 17 years other countries like rwanda have high hopes for then national carriers but most of them are mired in heavy debt and fares are too high for many consumers on the route networks and limited and complicated last year nearly 30 percent of seats on african flights were empty. and that's our show. thanks for watching.

commit to the. next place to talk about sex. coverage. 3 more weeks we have him in let's have a look at some of the governments around the still shaking in their shoes. every. morning 6. weeks p.w. .

6. 6. 6. 6. 6. 6. 6. 66. christmas. it was the speech of his life perhaps his best certainly his most difficult. the speech by calling dresden on december 19th 1989. shortly after the final of the of the chancellor addresses the people of east

germany. the mid east tense the crowd clamors for german unity journalist peter allen boyd was at the scene. 30 years later he looks back on the type of interest and starts december 19th d w. and that's why i think i'll look inside the i suppose what they thought was awfully good the shiites this is as equals if i would fault the home this is a scene from when hitler was stoping rabbit a new film from oscar winner carlin a link which has cinemas a face a christmas. hello and welcome to our culture the film is based on the bestselling children's book of the same name by british author judas carr the story deals with the refugee experience of jews in nazi germany told from

the viewpoint of a 9 year old girl his bowl full of lassitude in this competition come you know this firefighters have. just. given. speedy haven't each week. or wins the election the family nearly escapes arrest by the nazis leaving everything they have behind they flee across europe to freedom. and what finally convinced me to make this movie was that i found this perspective so unique to tell this difficult time from the perspective of a child who didn't see everything as all bad. not. just car.