collectors are counted and counted so much her 3rd reich couldn't steal more words just to get more money it was true most of the everything connected to true is called true today researchers are searching for the missing works of art. challenging for the experts. and painful for the descendants. of the song. the 3rd reich starts february 10th on t.w. . it's yet another major profit loss for germany's biggest lead out we go to frank good to see delay is following dontcha baggs annual press conference for us. meanwhile pockets continued to be rattled by the coronavirus but earnings reports from the tech sector managed to provide some 12 come to destruction. and closing

production accounts for 5 percent of global greenhouse gas emissions we take a look at the not so green fashion industry. but come to your business i want to get good to have you with us. dodge a bank has posted a net loss of 5300000000 euros for 2019 it's the bank's 5th annual loss in a row and its 2nd worst ever dodge a bank says its results were dragged down by the cost of a massive restructuring program including severance pay for the 1st among over $18000.00 plan to drop comes most jobs are caught in the company's investment bank branch which had cost the company heavily since the financial crisis in future germany's biggest lender wants to focus on its core business with corporate clients and focus its attention on europe. and saving is optimistic nevertheless about georgia banks future here's what he had to say at the annual

conference. teef. our operational performance was very solid our core bank business which we will continue was not only profitable in 2019 but actually more profitable than in 2018 it's vital and after intrusion in the meantime we have made landmark decisions we made good progress with the most radical transformation of thoughts in 2 decades and now nearly 7 months after announcing our strategy we can rightly say that we are well on track and that our strategy works. into the shot to be right. from a let's catch up with our markets correspondent to chelsea delaney who is at daughter bank in frankfurt there following that press conference for us chelsea what more did the end saving had to say.

i'm not sure if chelsea can hear me. ok yes we can hear you now ok so we were just listening to the sound system saving saying that the operational profit was actually quite impressive did you have any sing more to say. despite one of the one of the biggest losses and makes history they're putting a very very positive spend on these results today. announced that they were going to embark on this massive restructuring and july they were quite upfront with the fact that it was going to be expensive they estimated the cost over 7b7b euros they're saying today that they're about 70 percent through those costs are they have already absorbed significant portion of the cost going forward and they're also on track to continue reducing cost over the next few years at the levels that they had predicted in terms of the. financial performance of some of their key key

businesses there they are struggling with things like negative interest rates which are really weighing on corporate customers and private customers and those businesses that they are seeing a lot of improvement in the investment banking and especially in things like fixed income and currency trading which saw 31 percent increase and this quarter so it definitely some bright spots here and of course i mean what we've heard from christians even that is a little bit of a pep talk we can see that the conference is still going on behind you how are shareholders reacting on the buying at all. ok we seem we seem to have lost the audio signal there chelsea delaney thank you never the less and maybe we can catch up with you later again chelsea delaney there for us at deutsche bank in frankfurt visually there but unfortunately she cannot

hear us anymore we move on to the spread of the corona virus which continues at an alarming rate with currently more than $7700.00 confirmed cases in china as countries evacuate their citizens from china and businesses close their doors the growing epidemic continues to rattle the markets only the earning season offer some welcome distraction. asian stocks continue to fall on thursday with fears rising over just how serious the spreading coronavirus could get regional markets stock slumped to a 7 week low and as more and more global corporations cut back their activities in china the impact of the coronavirus on the chinese and white or asian economies has prompted a sell off taiwan has fallen by more than 5 percent while there have also been losses in japan and in hong kong. across the pacific u.s. federal reserve chairman jerome powell spoke of the possible economic impact of the virus would have there is likely to be some disruption to activity in china and

possibly globally based on the spread of the virus to date in the travel restrictions and business closures that have already been imposed. of course the situation is is really in its early stages and it's very uncertain about how far it will spread and what the macroeconomic effects will be in china and its immediate trading partners and neighbors and around the world news from the markets hasn't all been bad on wednesday several u.s. tech giants posted impressive 4th quarter results like tesla its $105000000.00 profit saw its shares jump by 12 percent apple also posted higher than expected revenue figures. the picture was a little less sunny though for facebook its stock fell back after it posted a more than 50 percent rise in expenses. the european parliament has signed off on brics it amy peace overwhelmingly back to the withdrawal agreement between the u.k. and the e.u. by a 621 votes to 49 the historic occasion was marked by

a poignant moment when members of parliament broke out into a rendition of a traditional scottish farewell song. of the. the. well britain is due to leave the european union on friday at midnight brussels time and so begins a new chapter for european trade. german machinery manufacturers have been hit hard by bricks it and subtlety has taken a toll on the order books and exports fell last year under a transitional arrangements the u.k. will remain in the single market in the customs union for the rest of the year after that the only to be an agreement in place. maybe by the end of this year we will have reached a basic agreement but this is only as a percentage of

a real free trade agreement which needs to be negotiated much longer than only for a few months. these will be tough negotiations the parties need to establish whether or not to implement tyrus and how intensively goods will be examined at the borders britain wants to set its own moves and no longer be governed by iraqi lation even regarding matters like social standards and the environment we expect from the e.u. that they protect the continent of business if the united kingdom plans to undermine the standards that we have achieved in the european union so if they are seeking optimization against the european union then we expect the european union to step and. german carmaker b.m.w. also expects a drop in sales figures if there's no deal by the end of the year in which case standard world trade organization trade rules would apply the u.k.'s b.m.w.

factories employ many e.u. citizens what will happen to them must also be negotiated. and also some of the other business stories making news all joined shell is trading lower after slashing its profit report by half to 2 point 9000000000 dollars shell blame to the oil and natural gas prices for the drop and wanted would slow the pace of its planned stock buyback program. swedish fast fashion brand h. and m. says its sales are up 11 percent to over 23000000000 euros the growth was driven by a strong store in online sales in developing markets like india russia and mexico although soaring sales figures fit in well with our next story did you know that the clothing industry produces more emissions than ad travel and shipping combined in fact more than 5 percent of global emissions come from closing alone and it's rising because the fashion industry churns out new collections on an almost weekly

basis but this combination of cheap and fast fashion is anything but sustainable. if you want to hold the mood knows the ugly side of fast fashion all too well and doesn't want to be a part of a tell me more she's a textiles expert at environmental organization greenpeace and hasn't bought a new item of clothing for 10 years. she buy 2nd hand or exchanges close with others a clothing swap parties everyone brings a few garments and takes a few home for themselves. here i can take something on a whim without harming the environment because the closer for deeper morning if i don't want to tell me more i take it to the next party it stays in circulation and doesn't use that resources. just. discarded i don't usually end up as a party they end up somewhere like this east west is a large textiles recycling company a neighbor a mahadevan 70 tons of clothing arrive here every day. east west

tries to sell as much of it as possible especially abroad. used clothing can be shredded and sold to industry as cleaning materials insulation but the rest is garbage. and that proportion is growing rapidly. dislikes once and for too long if your we've noticed the tendency over the last 20 is the amount of clothing coming in has continued to grow in the last 6 years it went up by about a 3rd at the same time quality has fallen in a very noticeable way. that means cheaper fabrics more synthetic fibers and even clothing that's glued rather than citing. some garments made entirely out of plastic. the industry is demanding fast and cheap production. not truly. through someone's probably count kill

a tip that it won't be worn for more than a year or 2 anyway the consumable one. something need by than risk to them so that's probably how they approach making the comments on the. second hand has been around for a long time but in the past you often have to rummage around in stocks of clothing to find something suitable. the only thing starts changing online platforms and specialist 2nd home stores are on the rise beside and most of the top end used to be suitable for every day shopping the alternatives to consumerism need to be easy if i have a days for an interview and i want something different i need to be able to get it without buying something new i call because. despite not buying new clothes for 10 years the only good move says she never feels like she has to go without. and that's all for me in the business team here in berlin you can find more for off os on our website at www dot com business or you follow us on twitter and facebook for me the team thanks for watching.

where i come from we have to fight for a free press i was born and raised in the me telling the painter she would just want to be shadow and a few newspapers with official information as a journalist i have worked on the strength of many characters and their problems are always the same core to the social inequality

a lack of the freedom of the press. we can afford to stay silent when it comes to the fans and the humans and see them right through fools who have decided to put their trust in us. my name is jean paris and i weren't. in. the lineup for the berlin international film festival is finally out we'll see what movies have a shot at this year's top prizes and also on the show. picasso was a revolutionary even when it came to how he views paper an exhibition at london's royal academy takes a fresh look. and the painter frida kahlo features in

a new board game the game tests players knowledge of great women in history. welcome to arts and culture now the red carpet isn't rolled out just yet but the anticipation is growing for the 70th berlin international film festival hundreds of movies from around the world are set to screen at the ballet nala next month but only 18 of them are eligible to win the coveted golden bear award and the festival's new leadership has finally revealed which ones. 70 years of the barely know it's a story with big stars and big films. the story continues with the new festival director duo carlo shot play on artistic director and money at least in the executive director in charge of business. a 1st look at the films and competition when there's a strong focus.