the story behind it simply. my husband went to peru because of the crisis. if he hadn't gone there we would have died of hunger and found. displaced this week to. can a central bank go green in the e.c.b. launches a strategic review and looks at buying more climate friendly bonds from euro zone members. also on the show it's the last of the world economic forum in davos we'll take you there to take stock of what world leaders had to say this year. and we'll go to paris where strikers say they're fighting for their own futures but imperiling nearby businesses. this is your business

report i'm sick and there's a bill it's good to have you with us. the euro has slipped on to a 7 week low following a european central bank decision to hold rates at their current level e.c.v. president christine legarde said the risks to europe's economy were less pronounced following a u.s. china trade deal with also announced the bank would begin a strategic review in focus uncertainty over its own inflation target and the possibility that the e.c.b. could introduce climate friendly policies like the purchase of climate related bonds. and for more on this i'm joined by d.w. financial correspondent in frankfurt conrad booze and conrad walk us through the strategic review what is this. well it's a fundamental overhaul of the standards according to which the european central bank is working and one major factor why because in the guard things the e.c.b.

has to do it is that you know this 2 percent target of rising consumer prices that the e.c.b. is so fixated on it's a target that the e.c.b. has not managed to meet in many many years many years ago the text books were written that said prices are stable when consumer prices rise at an annual rate of 2 percent now of course after so many years that this hasn't happened the e.c.b. has to demand what are we doing are we changing the textbooks or are we changing the way how we treat reality and in this department also the consideration of green investment and becoming more green plays a role if the whole world turns green the e.c.b. cannot refrain from it or it can reduce their force in frankfurt thank you. and friday marks the final day of the annual world economic forum meetings in davos

this year's focus climate and sustainability presented some very stark contrasts. this was the 2nd time that donald trump attended the yearly meeting in this with he used his speech to boast about the state of the u.s. economy and his america 1st approach. rediscovered our spirit in reawakened the powerful machinery of american enterprise america's thriving america's flourishing and yes america is winning again like never before many attendees were disappointed that i didn't hear anything about the world america is a leader in the world and i think that litters have to take on those all about themselves but also about other nations because we have the same collective planet's climate change for trump apparently no reason to worry but many young activists at the forum including gratitude are worried big suspect one consolation

german chancellor angela merkel talked about the importance of the paris climate goals is the joy that you know that this isn't enough that the world must act together it's an international agreement unfortunately not everyone is still with it but many are but it also means above all that every country must make its contribution by a truck that supplies most. green topics dominated the meeting relegating other problems to the backburner many of the delegates would have liked to see africa higher on the agenda of. africa's burgeoning youth population is not a problem for just africa we see with the illegal migration crisis that poverty anywhere is a threat to all of us everywhere and so the problem in africa house to be tackled with new collaboration through partnerships a large number of young people raise their voices in davos this year they say it's

their future that's on the line. for senior business editor ben facility is in davos and he joins me now ben trump versus dread is the way this has been sort of set up for a whole week now is there no middle ground there in davos between these 2 stark contrasts. there is a middle ground and uncle americal has been presenting exactly that unlike stephen minutiae the us treasury secretary who told young swedish act of his gratitude that she should go get a degree angle america was much more supportive in her speech to double c.s. today in saying that she understands the younger generation that they want to change the world but the transition is very important you can't leave people behind it would have been nice if seen a more inspiring speech from medical but as she's done throughout her chancellorship she has often sat back and let others do the debating and has

then taken the middle ground waited for public opinion to form and then taken that line herself and maybe we didn't need an or inspiring speech because as european commission vice president. says it looks like trump is starting to engage on the topic of climate change that could be change in the air as he departed he said that he wouldn't have minded seeing good speech itself been lost what can we say are the tangible accomplishments this year. one of the biggest ones i would say is this initiative to plant a trillion trees that was a 9 year old german who came up with that he's now 22 and has been working on that campaign for a long time but the world economic forum has now got behind it trump as well also the accounting firms and big companies have signed up to agreement to become more socially responsible i asked the company executive ada if change really is in the.

i feel a real sense of conviction and a lot of commitments are being given this week which is very optimistic and i think it's great that we can get to that agreement and more of a common language around what's needed. so yes lots of promise but a long way to go when do you think those promises and pledges will turn into action i think we're already seeing commitments to when companies are going to get carbon neutral i think that's been very public i've heard less commitments on diversity this year because it's not as big a thing but it is among like me you don't get to solve the world's issues unless you're really digging into what what are the diverse views on the inequalities within society what about the fact that women still earn half as much as men. don't get me on that one but it we have to have a fair world and i think we're seeing in many countries now that inequality and lack of fairness are causing real social divide and we really need our top leaders

to invest in developing that's next generation of leaders of all kinds of diversity so it's not just gender diversity. physical disability we really need a different perspective from as you say example to society what about the financial harm as well to economies of this of vast opportunity if we can get more of the population contributing in an economic and social way. what gives you the feeling discovers that there will be change i think we've had a lot of see coming right out there with their commitments and giving us dates signing up to commitments but i still have a fear that we could end up with a tick box exercise unless leaders are willing to prevent that then. well it's great that we can make commitments and we need to have action and we need

things to drive but if it comes across as lacking in congress or believability next to their leadership style so you can make a commitment about the planets about society and carry on leading exactly the same way you are and leave it to your c.s.r. department to fix that. it only happens if you as a leader can really. really transform yourself in order to and body of the things that we need and also make it your every day that this is what the people across your organization do it's not just a side show or a side hustle this is the core of what you do and it matters and it's not just about shareholder profit that's important of course it is but it's no longer sufficient. thank you very much thank you for. joy there speaking to our senior business reporter ben in davos let's go to france there were strikes against a sweeping pension reform measure are ongoing striking workers say they're insuring

their futures but many businesses in paris have been hit hard by their actions and say their own futures are looking bleak. the neighborhood around the gondolas train station in paris he's usually full of bustling restaurants but the strikes have turned the popular location into a burden for business must have been easy now makes 80 percent less turnover than a year ago. with all this chaos people can't take time to go out and eat they have to get to work and back home again some customers come from the outskirts by train but there are hardly any trains these days so the strike has hit us hard. the strikes have impacted french hotels too especially during the holiday season with tourists staying away this owner of 4 paris hotels has seen his earnings fall by a 3rd compared with last year. we've lost income

and will recover it by investing less in hiring fewer people the strikers shouldn't forget that their action has serious consequences for the economy it's really exasperating that they don't seem to get that. the strikes are expected to dampen france's economic growth by 0 point one percent the french railway s.n.c.f. and the paris metro have lost more than $800000000.00 euros businesses in and around the french capital have suffered huge losses says this economist. with the clothing sector has been hit by the strike we forecast a drop of 30 percent for retailers many sectors may not be able to make up the losses especially in the case of one off purchases like christmas presents or in leisure activities like cinemas in theaters. not only have the lengthy work stoppages been a problem there are also the frequent protests that forced many shops to close down

the union say it's worth it. the strikers are the 1st to suffer they have to do without their wages besides when there's a strike people realize and that's good that the employees are the ones who produce this strike is so important the proposed reform would completely rupture the social contract. that this is. restaurant owner must said ben easy doesn't agree with that position he just wants the seats in his restaurant to be filled again. and that's your business update you can find out more about these stories online a d w dot com slash business i'm susan there's a blend that's watching. where

i come from we have to fight for a free press and was born and raised in the meantime to thank our ship with just one to the shadow and a few newspapers one official information as a journalist i have work on the streets of many cantrips and their problems are all the same or do social inequality a lack of the freedom of the press. coverage we can afford to stay silent when it

comes to the fans and the humans on seeing the microphones inside to put their trust in us. paris and work again. hello and a very warm welcome to news from the world of arts and culture let's have a look at what's coming up today. 'd 'd the book the hidden life of trees became a surprise international bestseller and now it's being turned into a film. and an artist based in stockholm who makes visual arts with product design. while the german president frank bato steinmeyer joined other world leaders in

jerusalem to remember the victims of the holocaust on thursday there are also many other events marking the 75th anniversary of the liberation of the concentration camps in 1945 the last surviving jews in europe back then with a hung garion jews as germany only occupied the country in 198414 year old shiny airman bides was deported to auschwitz but kept a diary that story is now revealed in berlin's german historical museum. kept a diary to her so 1st 75 years now it's going on show for the 1st time she was just 14 when she started to write it on the day the germans occupied hungary march 19944 in her diary she recorded soberly we are lost. jews knew.