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g.w. dot com for closer to the you can. click. passion drama competition rivals marketing numbers atmosphere fight at times intuition love hate money. fans friends friends fans and friends. to go off on you to join us. the money keeps streaming in netflix has revealed it gained 10000000 paid subscribers during the 2nd quarter coronavirus kept people indoors. in a week where the e.c.v. and e.u. both sets out their latest moves we get the views some of those lead. think

economists on how europe is handling the coronavirus crisis. and from bookshop to basically everything will mark a quarter of a century of promise and. this is the interview business owner of what's in berlin it's great to have you with us netflix has revealed it had it more than 10000000 paid subscribers to its books between april and june the global video streaming service now has $193000000.00 subscribers worldwide netflix has also a pace of revenues of over $6000000000.00 for q 2 however the company has warned investors not to expect the same level of growth from the 3rd quarter. well let's get more on this from our financial correspondent in new york jose luis de haro there is a welcome along so how is netflix been able to capitalize so well on this pandemic . i would say 2 main factors the content catalog and its

already stronger position waldo why did company at it $26000000.00 news ascribe in defers to have all of the year to a total of over 192000000 because a slowdown of broad action generally but netflix had also of very strong at number of regional releases over to 2nd quarter such as to film a structure in which the company says is its most popular movie ever netflix the stock is up around $64.00 percentage does a year and reach a record highs in the reason that week's summit wonder how long netflix is locked down lift at will will last and also even the company will be able to current subscriber growth rates in the years ahead. yeah they're not fixing and they will all day there is a lot of talk about it streaming was with many of the players entering the market

particularly just in the months before the pandemic does need plus a t.v. plus so how is netflix measuring up so it's competitive. it's becoming a pretty crowded market it especially after d.s. a car in which we are welcoming also come cast an n.b.c. universal news streaming service netflix is still ahead of company such as the ones you mention are some prime hulu disney blows up will prosper h.b.o. moxa but it's a key challenge moving forward right now it's a might be up financial war on netflix has a long and long resisted offering a free app that supported fear of service while even highly leveraged itself in enough very intensive content developmental bottle to capture a streaming industry and that can pose a very big problem in the medium long term if it doesn't montane their current growth rates by jose luis to haro our financial correspondents in new york thanks

for keeping us up to take. the european central bank chief christine legarde has called on your resume leaders to come to an agreement quickly on a coronavirus recovery plan batteries latest meeting the e.c.b. held back from topping up its vast pandemic stimulus for the euro zone the guard said that europe's economy was rebounding from the pandemic and probably passed the low point he said they have massively relaxed its monetary policy to respond to the crisis over the past few months bush said e.u. leaders now needed to do their bit and quickly agree on a huge recovery plan. well you leaders will meet later this week to try to reach agreement on that 750000000000 euro coronavirus recovery plan so are the e.c.b. and the e.u. on the right track to get the continent through this tricky period well that's a question that i put to some of the world's leading economists during an online

panel discussion hosted by the world economic forum meetings in this program and we have a commitment to a column fiscal response with the european recovery fund now they're going to walk you about it on friday and saturday doubtful we'll get a decision up 5 minutes like i sleep deprived politicians as we always do but i think we will get. eventually a commitment to a common for school program and that's why i call for europe stability over the medium term the problem of course is that the scale is still relatively limited. that there is a great deal of dependence on the national government still leading in terms of fiscal policy but i think we're going in the right direction we are very much impressed with the european union's comments nance saw climate change you don't hear this and then their authors are

a great opportunity to educate the public and to educate france in. emerging markets one day need to do something on this one exchange front and i think that's where the european me union is seeking to leave including you know nice action on that front we underestimate massively that this is their historical moment even though the small you know the fact that we want to avoid at any costs a repeat of the greek crisis it's something that is major for europe the problem or at least be issued not to some too naive of the mystic is we going to have to sustain efforts for years to come this is the easy part to take the insurance policy and say we're going to do whatever it takes you know come the phoebe we're going to do whatever it takes from the government that's the easy part now to save some low cost exports from china the world is overrun with steel that's bad news for countries where steel production makes up an important part of the economy

that's why germany has a drive to invest in the industry and make german steel stand out the overall aim to make a carbon neutral germany steel production is turning green powered by hydrogen instead of coal the transition is expected to cost 30000000000 euros. the state will provide funding the ministry of economic affairs still produces and labor unions have agreed. made in green steel made in germany and or in other words a transition to low carbon and potentially 0 carbon steel production right you can set an example for many of the regions in the world if you're under your in their bit. the german government plans to complete the structural change in the steel industry by 2050 an enormous undertaking. over all green technologies are not ready for the market yet even renewable energy isn't available in the necessary quantities but in order to avoid driving industry out of germany due to strict

climate targets still producers will be allowed to pollute the air in the interim according to the plan cheap steel from china will still be subject to penalties which might even be increased just how expensive germany's green steel project will be will be further discuss this autumn now some of the other global business stories making the news. it's thought scammers who managed to gain access to a range of leading twitter accounts may have made any excess of $100000.00 the hackers managed to tweet as figures including barack obama joe biden bill gates asking followers to send the bit coin. the world's 2nd biggest economy is back in the black according to beijing anyway government figures say china's economy expanded by 3.2 percent year on year higher than experts forecast it suggests there could be hope for a rapid recovery elsewhere in the world however key sectors like retail are still

struggling. now 1st it was called kadabra then relentless and finally amazon 25 years ago today jeff bezos launched his ambitious online store his 1st book that only been sold a few months earlier now it sells basically everything is reshaped how we think about retail and technology. this is how it looked in 1905 and this is where it's led millions of products that go well beyond books a logistics operation of unprecedented scale cutting edge consumer technology. and the world's richest man. how to quantify amazon it's the largest online retailer in the u.s. by a long shot easily eclipsing competitors like walmart and e bay it's estimated that 6 out of 10 u.s. households have a prime account. it also overshadows china's biggest players amazon raked in

$280000000000.00 in revenue in 2019 almost 4 times what ali baba and j.d. dot com did. but it's not just sales that separates amazon it's early embrace of technology put it well ahead of its competitors. they are the most advanced sophisticated corporation we have ever seen in terms of taking big data. artificial intelligence and machine learning and integrating. tools into our own lives and they are just starting that's what a lot of people do not realize amazon's relentlessness has a darker side to it's tough corporate culture it's low tax payments and its dominance over smaller retailers have all sparked criticism. the future is bright however the coronavirus pandemic has boosted the company's outlook. the expectation

is that amazon will benefit from this in the long term because even after the pandemic is over people will gain new habits of buying groceries and other items online will the next 25 years also belong to amazon. and finally danish ice cream maker hansen is changing the name of its eskimo ice cream bars because of concerns over discrimination the word is deemed offensive innuit people in the arctic many greenland is eskimo has a derogatory meaning it's often translated as eat or of raw meat the brand new name is going to be opec after the chocolate being that provides its glades. and that's all from me in the business here in berlin if you want more from us to visit our website.

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