africa in the public perception of africa is now assuming a position which is always in trouble before you leave it to the world without. starting turning. 2020 has reached the trading floor with asian markets torn between optimism over u.s. china trade and geopolitical worries also on the show we'll talk to american author jeremy rifkin the argues the u.s. needs to massively overhaul its economy to become greener. and croatia assumes the rotating e.u. council presidency but when will the e.u. the youngest a member join the euro we'll talk to a gracious finance minister. i'm going to jones of berlin welcome to do that we

have business well markets from asia to europe has started 2020 on a strong note with germany's dax up more than half a percent and hong kong closing at a 5 month high a cost the index in south korea literally began 2020 with a firework and then gave up early gains soon markets seem to be torn between optimism over an upcoming u.s. china trade deal and worries about looming geo political troubles including recent threats from north korea. now for more let's bring in our market correspondent already bards who's in frankfurt only. not exactly fireworks in new york but it didn't start on on a too bad a note did it what's what's pushing stocks right now. yes certainly not to mention the gains in frankfurt the other stock markets in europe for example london doing

even better in the latter or paris than the german shares there's still some vacation absentees here when i look behind me in the room here in the floor trading but lots of investors jumping in hearing that there's some monetary policy loosening in china that promises to do something for the economy they're good for the worldwide economy and also of course hopes for a trade deal soon there's still that signing that's still scheduled for 15th of january the so-called phase one a limb an area 1st part of a comprehensive package one hears and that's spurring investors on ok but investors should also be aware that they're expected to do more for the climate this year if i'm not mistaken. that's right and there are all sorts of people highly based in politics who are behind this the new e.c.b. president christine legarde the e.u. commission president has a lot fund a line and mark carney the outgoing bank of england governor is going to take on a role taking over

a special envoy to the united nations for climate action and finance a very high profile position change there and investors in monaco are already flocking to green finance the demand in many cases outpaces the offerings out there so investors are eager to get on board for this in many cases at least but only lesson from fits thank you as always for the update. so the topic of climate change other than this necessary shift from fossil fuels to clean energy has reached the financial world and one of the main proponents for a green economy is economists the theorist jeremy rifkin hearing is a washington correspondent all of us ali caught up with him to hear more about his use i think what people don't understand is entire civilizations made out of fossil fuels are fertilizers and pesticides are construction materials are synthetic fiber are packaging. food additives and preservatives our power our transport our eat our

light everything so what's happened now ever is that we are now in a pivotal turning point for this fossil fuel based industrial civilization we have now spewed so much carbon dioxide into the atmosphere to maintain this industrial way of life that we are now finding ourselves and we'll time climate change frigid winter of 70 below 0 a blockbuster winter snows massive flooding across our land masses in the spring summer droughts and wildfires on every continent hurricanes and typhoons across the entire autumn every year around the world our scientists are now telling us we are in the 6th extinction of life on earth so you are essentially describing a situation where the change will come from the economy rather than from politics is that right in which role will the markets play this year the level lies cost of solar and wind as just plunged below natural gas and way below nuclear and coal so

what's happened is we're seeing trillions of dollars of fossil fuel assets all the pipelines that will never be used all of the exploration rights that have been paid for by the old industry which will never amortize out all of the fossil fuels in the ground which we never taken up because they're more expensive so what we're seeing here is a massive collapse of the fossil fuel civilization because the market is speaking. carlos ghosn spectacular escape from japan when he was on the house arrest facing trial for financial misconduct still a mystery one escape theory says the foreman this and c.e.o. hid in a musical instrument case that was taken on board a private plane headed for turkey where he boarded another private jet for a flight to lebanon meanwhile prosecutors raided ghost tokyo residence to find out more about his disappearance it's still not clear if the japanese authorities in their search of guns residents found anything to explain how he slipped through the

net in the lebanese capital beirut camera crews have laid siege to the home of the form an essential element after his arrival gone explained that he believed the japanese court system was unjust and that his arrest had been politically motivated in the coming week goan seen here in archival footage plans to speak to journalists in lebanon where he spent a large part of his childhood many people believe the charges of tax of asian and misconduct fabricated. he did help innocent and renault to achieve his stature. as a businessman he did well. indeed as a lebanese man we are proud of him a. t.v. presenter ricardo cairo is a close friend of carlos gone and he spoke to him after his escape. you think of knew he was confident about the future he's got

a lot of plans and that's the most important thing he's surrounded by his family and friends he's at home here in his country. guns are scheduled live and on is a stunning twist in a roller coaster journey that saw him fall from boardroom to detention center here he spent more than 100 days in spartan conditions far removed from his sometimes extravagant lifestyle the order tycoon stands accused of underreporting his salary to the chain of $85000000.00 prosecutors also allege he skimmed off millions of dollars from the company for his own personal use go on has repeatedly denied all accusations tokyo has no extradition treaty with beirut japan's justice department is left holding guns bond worth around 12000000 euros. croatia has just assumed a 6 month rotating presidency of the e.u. council the youngest member of the european union has yet to adopt the euro it

would help the country's tourism business but not everyone sings croatia's economy is ready to join the common currency. for the croatians the treasured national currency is more than just a means of payment it's a symbol of their national independence croatian see the coup not stable and reliable even though it's an e.u. member croatia has been reluctant to join the european common currency the euro if you think. that the euro is better for us but we love our kuna that's our national currency. misunderstood and we're not ready to bring in the euro we're too economically weak maybe in a couple of years time in the pictures but in our family. here in book of our in the north east of the country you can still see relics of the civil war against the serbs more than 30 years ago the region remains an economic underperformer. the borough overshoe factory once employed 16000 people today there are just 600 left.

the company has lost money for years and relies on the state for support. it's hard to find younger workers because low wages have driven many young people abroad the shoes the factory makes are mostly sold in croatia management would like to boost exports to the euro zone so docked in the currency would be a big help. we would welcome the introduction of the euro it would bring us closer to the customer and facilitate our export market is was. introducing the euro has not worked until now because large sections of the population remain skeptical about the common currency many croats are worried about lower wages and rising prices. i think everything will get more expensive the euro will inflate prices over $20000000.00 tourists visit croatia every year and it's they who bear the brunt of the costs of the every time they use an a.t.m.

they have to pay charges and also have to pay commissions every time they change money even though they are required to join the euro at some point politicians are taking a less than enthusiastic approach to introducing the currency. the measures of the introduction of the euro is still a development phase and it's an ongoing process i hope it won't take too much time . and. croatia fulfilled a strict e.u. criteria for the introduction of the euro some time ago croatia therefore could be in a position to make initial steps towards the euro in the current year. finance minister . believes creation could join the european single currency by 2024 did all these get matters caught up with him in brussels to find out more minutes them are rich you are hoping to meet the criteria to adopt the euro as early as 2024 where do you see the biggest challenges we. we strongly believe that to be ready for this

process we know that this is not going to happen overnight so there are a lot of steps in between creation made significant and i would say tremendous progress particularly its fiscal policy in last few years so we consolidated our bubbler finances are public that is going down we exited excessive deficit procedure we are no longer country with excessive macroeconomic imbalances a lot of lot of good performance which gave us the reason i would say to initiate this process we as the economy as a country we are the smallest no new role and country but at the same time most european economy so when you when you calculate all the potential benefits and potential threats or course there is always a positive balance so we expect additional benefits from the year adoption now you've just started your 1st ever e.u. presidency retaining chairmanship what's top on your agenda. we just started as you pointed out for the 1st time for us we are the youngest member state of

european union all in all there are 4 key priorities that we set for our presidency the 1st one is europe that grows europe that protects europe that connects and also europe that is a global player of course we will put on the top of the global picture also very important to view on our neighborhood particularly creation's neighborhood you know that there are a lot of countries that are also very much willing to see and to seek for their european union perspective. always gracious finance minister talking to g.w. that's big business update thanks for watching.

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the drones are designed to work fully autonomous lead. far means advantage instead you can fly with the drones. and the drones do exactly what you want for example we have a big sporting event and in case we have more than one drone we have more to draw on it is really difficult to repeat the choreography precisely so it is necessary to have gotten almost no. so we can repeat. look back a few weeks when project partners from industry research in the media met at a country estate in northern germany. and scientists in specialists from 8 european countries collaborated on the project now for the 1st time.