stay behind and say. my husband went to peru because of the crisis that if he hadn't gone there we would have died of hunger and them. displaced this week. 2 voices 2 very different perspectives read it to him back and donald trump take the stage at davos and there outlooks on the roles of business and economy in tackling climate change couldn't be more distinct. also on the show asian markets retreat as new cases of a deadly virus in china sparked fears of economic consequences and memories of the sars virus we'll have the latest. this is your business report i'm stephen bears in berlin thanks for joining us u.s. president donald trump is preparing to speak for the 1st day of the world economic

forum meetings in davos trump landed in the swiss resort town for a summit that's expected to be dominated by the issue of climate change jobs an advocate of economic growth at all costs and is likely to be challenged by environmental campaigners not least credit to him back who is also in davos they're going to vent with other young activists the 17 year old said that quote unquote basically nothing concrete had been done to reduce global emissions. and senior business editor ben wazoo and joins me now from davos then good to see you there. been 2 very different outlooks here on the economy and growth as it relates to climate change can we say that both and trump are speaking to very different in stakes in this crowd. there are 2 very different audiences in human respect but at the same time the world economic forum is trying to bring. these 2 sides together by saying that they're talking all about

stakeholder capitalism this year a different type of capitalism not peut the pure capitalism of the pos but rather one that involves everybody and one that is the same and the world economic forum is certainly doing its bit to try to get these companies to become aware of this and to take action many companies are already saying that they're changing their strategies that they're trying to get rid of fossil fuels out of their portfolios and. bring your balls for example but this is action that we haven't yet seen put into put into place it's a lot of pledges and words and promises of course so it's yet to be seen what sort of action will get out of this conference who's going to have more sway trump will tune back to very different approaches as you say now trump is expected to argue that plain old capitalism shareholder focused capitalism is what has put the u.s.

economy so far ahead of other global economies doesn't have a point. he has a point that the american economy is going extremely well right now a lot of that success comes down to the tax breaks that he introduced not all that long ago they've been a boon for companies they've been a boon for the rich because asset prices have gone through a boom over the past couple years last year was absolutely ridiculous the performance of the new york stock exchange but how far does that money get i mean it goes to shareholders does it go on to society to communities does it go to helping the environment these are the big questions that created 2 back has been raising here and very valid i mean how sustainable of these practices that's also something that one of the managing directors of the software maker told me just recently. if we have more sustainable. this is in place and business is more

greener and thinking about all this stakeholders not just the shareholders then the long term profits will be much higher and that would be great for both. us the planet and also for shareholders themselves you talk of those tax cuts this gets down to i think what you're saying is inequality and that's something we're seeing in developing countries as well as in developed countries that must be a big topic here at davos is. definitely not just to say inability but also. trying to change things around to see that inequality is actually tackled it's been a big topic here for years now at the world economic forum and. looks like he's getting somewhere in getting that message across for the 1st time at the very end of his tenure after 50 years of davos if you take a look at the figures the global growth is seen in 1980 extreme poverty so that 42

percent but then a change to 2020 of just 7.7 percent that comes down greatly to china embracing globalization but globalization has also left so many people behind that's the problem as far as inequality goes right to senior business editor joining us from davos that very much. so the question that ben is alluding to there is capitalism facing growing skepticism around the world and majority of respondents in a recent worldwide poll by u.s. p.r. firm edelman say actually capitalism does more harm than good and they pointed especially to that growing inequality of recent years and that is food for thought in davos where the world economic forum is of course opening those weeklong meetings today and were some young entrepreneurs say the business now has to change to answer society's problems. getting a. south be a challenge venue as i locations now to cheat of $1800.00 mi series. making them

accessible only by a cable car for social entrepreneurs among them martin bought it's worth the journey to draw attention to what they see as the world's most pressing issues business cannot continue as usual business just for profit maximizing profit destroys the planet and destroys the population. some 20 social entrepreneurs have come to davos at the invitation of the shot foundation and the world economic forum they're demanding a new kind of capitalism. no time in history has it become more important for us to look at this concept of stakeholder capitalism we are facing such widening inequality so a sense of non inclusion of everyone that i think the time has come for business government and social entrepreneurs to really understand how each other works to

social entrepreneurs acknowledge that change won't come overnight but the concept of uniting business with social change does appear to be gaining traction. for me being a social entrepreneur is identifying a social problem seeing what i can do creating the solutions and then taking them to skills working with the government or the private sector so that they can be included in the system the winds may be changing but some say not fast enough while the work of social entrepreneurs may now be acknowledged there are often still fighting to be heard listen to the people listen to what young young men and women are saying listen to what people are saying in the villages the good news is that we have technology today so we can have in addition to a top down effort like the world economic forum a participatory. bottom up approach. social entrepreneurs have come from

around the world it's to be in. their methods there is a fair i'm more sustainable way of doing. business let's go over to asia now we're stocks have tumbled on concern over the outbreak of a coronavirus in china markets in shanghai hong kong tokyo and sydney all retreating on tuesday and the slide followed confirmation from health officials in china that the virus can spread person to person 6 deaths have now been confirmed shares in chinese airlines and tour companies have taken a hit just as millions of chinese prepare to travel for the lunar new year there have been more than $200.00 cases of coronavirus so far mainly centered around the city of. let's go now to our financial correspondent frankfurt conrad burns and conrad how are european shares trading on this information. well

you know stephen the german share in the extracts is following the negative trend from asia of course we shouldn't forget that the markets here have been trading on a relatively high level yesterday the dax only around about 50 points away from the previous all time high at a high level like this of course more investors willing you know to take negative news a little bit more seriously and take them as reason to sell off a few of the company's shares. and why are investors so alarmed about this this illness that's going around barriers. well of course nobody knows whether this is here today gone tomorrow thing or something more serious let's not forget also hong kong has been troubled because of the protests over months now so the concerns about this potentially becoming an epidemic is hitting hong kong particularly hard but also of course with the lunar new year approaching everyone knows with so many

people in china hitting the road taking a bus taking play in the risk of an epidemic is even higher several airports in the united states already san francisco los angeles and new york have already increased their screenings of passengers so if you are viewing this if you have travel plans you better watch out right contribution there the latest from frankfurt thank you. let's take a look now at some of the other global business stories making news. france and the u.s. have agreed to suspend tit for tat tax hikes the white house has argued that a french digital levy will unfairly target american firms and plan to impose retaliatory tariffs on luxury goods from france presidents trump and mccrone have now agreed to continue negotiations until the end of the year. tesla has denied some of its electric cars accelerate unintentionally u.s. road safety regulator has been looking into complaints to see if they warrants

a formal investigation the company says the claims were sparked by a short seller seeking financial gain. with c.e.o. of google c.e.o. of google owner alphabetic the child says artificial intelligence must be regulated but any new rules must balance the potential harms of technology like facial recognition with the opportunities they offer he was speaking in brussels days before the european commission is due to publish proposals on ai. france has reached a bumper harvest of 4000000000 euros of foreign investment president manuel mccrone met major companies like netflix and coca-cola to drum up investment the big winner however was shipbuilder ashanti is the teak which when a 2000000000 euro contract securing its future for the next 7 years. and finally here's a taste of the economic consequences of prince harry's and megan split from the royal family one souvenir shop in windsor has decided to unload all of its maiden

harry items at discount prices hoping not to be stuck with unsellable stock once the split is formalized later this spring whether some of the merchandise could actually become collectibles once megan harris reign as members of the royal family begins to fade. and that's it for me and the business team i'm stephen bears in blood as always thanks for joining us.

what secrets lie behind small. discover new adventures in the 360 degree. and explore the world heritage sites. world heritage 360 getting out now. nothing out of the jam. just sometimes i am but i stand up in which is that the german thinks deep into the german culture of looking at the stereotypes quietly in your sink the future of the

country that i'm not. prepared for this drama. it's all that. i might show join me to meet the german sunday w. . post. hello and welcome we've got a packed edition of arts and culture today so without further ado let's see what's coming up. a surprise at the screen actors guild awards in l.a. as a career in film beats hollywood for a top prize but other awards going as predicted. and modern church architecture brought to life by french photographer.

we begin though with a new holocaust exhibition here in berlin at the house of the vans a conference this house was the notorious meeting place in 142 of leading figures in the nazi government who planned what they called the final solution to the jewish problem and with next week seeing the 75th anniversary of the liberation of auschwitz birkenau concentration camp this exhibition examines this country's darkest chapter. 94 year old eva for heidi travelled all the way from hungary to be at the exhibition opening the whole family was murdered in auschwitz she survived passing on her story is very important and give recently certain things mind and elation especially those and i miss.