i or 2 others were charged with excuse me were charged following a brawl on the island of meeker knows last thursday his club manchester united said that he maintains his innocence and that he will appeal. next time d.w. news it is business with my colleague mike jones i'm sorry kelly ever lead thanks for watching. beethoven to justice did you did you do. did as he does about a 16. year old grandson stolen beethoven. of course the subconscious always one thing is clear. for you to want to leave popular. and she is sure.

to sell the biggest composer. i can't even begin to imagine a world class one player center willers on a musical journey of discovery. 2 with the hope that mr september 16th. in the midst of a con demi queen my twit knows the world's biggest i.p.o. shares in chinese e-commerce giant alibaba jumped to a new record this morning a day after the group's financial on filed for a joint listing in shanghai and hong kong. coming up new laws aimed at improving the lives of europe's truck drivers could backfire we tell you why. hello and welcome to do business i want to get johnson beilin good to have you with us and.

we're starting with what could be the world's biggest i.p.o. this year and to group has filed for a jewel listing in shanghai and hong kong and group of course is the financial technology arm of chinese e-commerce giant alibaba group back in 28 years it was valued at $150000000000.00 in a private fundraising round making it the most valuable unicorn in the world but now it's aiming for even more. the question at the checkout in china supermarkets is usually a simple one we chat or hourly pay barely anyone here uses cash the $2.00 large chinese digital payment apps have cornered the market among the country's 1400000000 strong population. pay has the lion's share with almost 55 percent followed by we chance parent company 10 cent with 39 percent. 10 percent is ahead in another area however we

chat is a very successful social media app in china and now offers an all in one service where you can buy the latest trainers grab a pizza pay for other services all within the app itself in this realm has a lot of catching up to do after its i.p.o. it will certainly have the capital to do so. in this story let's bring in our financial correspondent in frankfurt that's chelsea delaney good morning to you and our man in taipei strong hands sue good morning to you too and i'd like to start with you. because why if you will listing and both of those basically taking place in china. well actually the end financial is not the 1st chinese company to list both in china and hong kong we know companies like net. and financial sister company the ole went to hong kong for listing and there are several reasons the 1st reason is because hong kong

has a very special financial status so for these chinese companies hong kong like the united states is considered off shore investment with the stock market turnover comparable to other major exchanges and secondly hong kong as an international foreign exchange trading center can always meet the demand for foreign currency fundraising especially in u.s. dollars and compared with the madeleine hong kong alyson hong kong always attracted more coverage and more reports from multinational investment bank and research institute that's not here to track overseas investors probably not usually more companies yeah that is if they talk on that that that is exactly the point where i want to bring in chelsea because when you talk about hong kong and its traction especially to foreign investors chelsey hong kong is no longer the gateway to china it is technically speaking china now and will that affected states is in the

financial world you think. well after china introduced the national security law for hong kong over the summer there was obviously a huge political blowback and many people thought that hong kong would lose their special status as really the gateway to china a lot of investment company as a lot of hedge funds were threatening to pull out but now that the dust has settled it doesn't really look like much has changed and if anything hong kong status has actually been strengthened because normally a company like and would have done a listing in new york in a listing and china as well now because of these tensions between the u.s. and china and these these really big attractive chinese firms are listing in hong kong instead of in new york so that's really bringing a lot of money and into hong kong and making it an even more attractive financial place for investors to write and of course we're saying this is could very well be the biggest i.p.o.

this year but we don't know yet when or do we is there a date out yet over china's relevant authorities. because the live work fine is shows i.p.o. and songhai had been done and all did and financials are here in hong kong was also set to so we can expect the earliest date to be in october. ok well that's definitely when we will catch up with you again tells you a little question for you because i mean all of this is happening as we know now in shanghai and in hong kong what's the relevance of this i.p.o. from the european perspective than. should really get a lot of cash from this from this i.p.o. and one theory is that they could perhaps use it to expand more in europe especially now that the u.s. market is increasingly unattractive for investment for chinese companies and already has been expanding a little bit and europe they've done some small acquisitions really focused on

chinese travelers so far chinese tourists but potentially they could be doing more expansion going for it and after this i.p.o. . delay the reporting for us from frankfurt and some months to in taipei thank you so much to both of you have a nice day. sometimes meaning well can cause harm than good the e.u. commission for example aims to improve the working conditions of close to 3000000 truck drivers moving freight across the block all the laws coming into effect now require them to return home every 4 weeks oh yes fear this will hurt their business and it could be the truck drivers who actually have bad the brunt of. the 3 wells don't get any easier with time. but if i'm down his family came to send him off from the rumanian town potentially the truck driver is heading out on a journey through western europe long distance driving has been stiffened amin's life now for nearly 6 years he enjoys it even though it wasn't easy at 1st.

i can say that it's the right job for me. but i do enjoy doing it even though there are moments when i would like to be home. and sometimes have 2nd thoughts about going forward with trucking. but every job requires sacrifices or. truck drivers like him now worry that the new new trucking laws could mean even more sacrifices starting now drivers have to return home after 3 to 4 weeks on the road with their weekend rest will have to be spent in the hotel people by the company no longer in the cabins of their trucks these measures are intended to improve working conditions in an industry where drivers often spend months in the road but many of the roughly 60000 remaining truck drivers working in western europe feel discriminated against not only does distance separate them from the western markets tonight the hungry in border crossing illustrates another

disadvantage. romania is part of the e.u. but still not a member of the schengen zone which allows freedom of movement without border controls across most of the block each time romanian truck drivers leave their home country they. find themselves here waiting in line for hours and hours on end with mandatory return to their home country now being imposed this line is likely to become a lot longer in the future or perhaps no more lines at all at the transport ministry in bucharest reserved great that these evil laws could change not only the face of the industry but of the entire rumanian economy. we're facing a major risk that these companies will relocate their trucks and families and taxes from romania to the west. we impose this is what we're facing the in romania we don't want that to happen it is back to the border stiffen is not going to make the

crossing in time and prepares for the night asked about what his future might look like he becomes thoughtful. if i work shorter time then obviously the money i earn more be much less if not have to live so i'm really thinking if this whole effort still makes any sense or going. home no money no family. can see the purpose of it any more fizz vos is already looking into packing up and branching out into spain steffen might have to follow food for now it's lights out he's got a long journey in the morning. and on to some of the other global business stories making the news. energy giant exxon mobile is to drop out of the dow jones industrial average after 100 years in the index it's one of 3 companies leaving the dow they'll be replaced by 2 tech companies sales force dot com and i'm jim and

buildings and appliance conglomerate honeywell international at the end of this week. the united nations says the coronavirus has devastated global tourism with $270000000000.00 euros lost in revenues in the 1st 5 months of this year the slump is threatening more than $120000000.00 jobs the u.n. says tourism is one of the largest sectors in the global economy accounting for 7 percent of global trade last year. well and for almost half a year now we've been reporting on the novel ways in which businesses are adapting to the coronavirus pandemic and this time we're off to mexico where a group of gym trainers have set aside their focus on top fitness and instead focus on survival it's usually a place of such energy but this fitness club could barely be more quiet it's one of

the many mexican gyms forced to close because of the coronavirus pandemic hit stuff like it's machines were left idled. that was until they began burning fat of a different kind. welcome to mexico city's newest taco takeaway. influences the result. of the closure of jim facilities we had to think about how to move forward with a look for a way to earn income forma. it's been pointed out that converting a gym to attack urrea is not the obvious choice these are not exactly health foods are they. if overall it's a really funny thing actually there are already a meals out there saying that we've become exactly what we set out to destroy. them all this 3 years it's also been

a big leap for the gym staff who've gone from sculpting 6 packs one week to preparing meat snacks the next. up and then i feel the fit in that would be very different for me because i haven't cooked like this my whole life and now i'm learning in that. it'll be a while until they can return to their usual vocation in the gym. but in the mean time at least they may be generating some new potential clients. and they can work it all off later that's the business update here on d. w. from in the team banks which.

are so far optimizing city that minimizes emissions separates waste and in the best case. can these visions become reality there urgently need in. the city the living space of the future with room for everyone. on.

what secrets lie behind. discover new adventures in 360 degree. and explore fascinating world heritage sites. world heritage 363 get me out now. welcome to global 3000. this week we take out all crystal ball and check out the cities of the future just what will life be like in our world's urban centers in 205100 years we look at some of the fascinating ideas already being developed and learn about new technologies and innovations as well as.