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with different languages we fight for different things that's fine but we all stick up for freedom freedom of speech and freedom of press. giving freedom for global news that matters d. w. made for mines. it's one of the biggest i.p.o.'s of the year evian being is now listed on the nasdaq with a valuation well beyond previous estimates speak to our correspondent in the new york also coming up. here in guyana and meeting the gifted and inmates is just signed a deal with imus and trying but how easy is it for africans to break into the international entertainment industry. and the european central bank is setting aside a further off

a trillion euros for potential bond buying as it seeks to steer the eurozone through the coronavirus crisis. this is the the real business on what's in the wind welcome to the program. every m.b. is making its stock markets debut sharing platforms listing on the nasdaq has been long gone tis a page said its initial share price could see the company raise almost $4000000000.00 . a doorbell montage rang in at b. and b.'s i.p.o. replacing the customary bell ringing ceremony when a firm goes public. after a difficult year for the company with travel restrictions hitting its business it was a relief for c.e.o. brian chesky to finally float the business on the nasdaq stock exchange to our investors thank you for believing in us even when it wasn't always the obvious thing to do you know air b.n. b. is rooted in the fundamental idea that people are good and we're in this together

in the end we're not just a company but a community and so now it makes sense that we take every be public so we can share air b.n. b. with more of the world. the pandemic made getting to this point painful demond collapse due to travel restrictions prompting the us company to lay off a quarter of its staff revenue shrank in the 3rd quarter to 1300000000 dollars 18 percent less than the year before but it had been be slashed costs pushing up net profit in the 3rd quarter to 2 119000000 dollars the only time that add b. and b. has ever turned a profit. the company was helped by the easing of travel restrictions journalists some of those customers turn to apartments of the hotels for holidays and business travel the company was founded in 2008 and is one of the most popular travel companies worldwide with around 7000000 listings in 220 countries still at b. and b.

is not welcome everywhere there's an increasing number of protests like here in spain residents say holiday lettings push up their rent they claim they're being pushed out of their neighborhoods by abbey and be the company may now be public but plenty of challenges still lie ahead. on this let's cross to our financial correspondent in new york quarter as were just saying it's not always been plain sailing but this is a big day for i.b.m. . it definitely is air b.n. b. will reach market valuation of almost $50000000000.00 was this i.p.o. they were worth about $18000000000.00 in the spring so definitely a big day for every m.v. by the way was this valuation they're worth more than that because. the hilton and term hired their combine so for the year so far b. of you has a loss of about $700000000.00 but as you mentioned in the past water at least they

were profitable but it is the company overall that are still losing money this is the latest in a string of high value is in the u.s. this year was making investors so enthusiastic. well 1st of all there's quite some incentive for the companies themselves to go public look at air b.n. b. for instance in april and may they lost about 80 percent of their business so going public is a good way to raise money and while investors wish the stock market overall on fire has been very eager to buy everything possible and then you have also all those companies like air b.n. b. who are tricked younger investors and we've seen that that specially retail investors have been on the rise with online brokers like robin hood for instance who offer their trading for free so that also is lowering and you are investors

into the stock market. joining us from a rather noisy new york there thanks for joining us. now the likes of disney pixar and dream works are the undeniable heavyweights of animation but now an african player has entered the ring ghana based animax f y b has just secured one of its productions a slaughterhouse and prime. 'd me to my friend an online educational and entertainment platform created am putting east in the name means children in a con one of ghana's widely spoken languages and as it suggests the channel is aimed at kids aged 2 to 14. france's yeshua brown set up an emacs f y b in across 6 years ago my friend represents his breakthrough. in just 3

months my friend could rake in $1000000.00 u.s. dollars something the studio head is rightly proud of that amazon prime do is a huge role for me because. not just me about europe or africa because there is a 1st there and that's really have an independent content being produced and over distributed on to such a platform. and emacs has 10 employees the company has grown without state support or funding from private investors. for its content sees the world from an african perspective. 2 year olds jack ivory is a fan site is how much. i think you know when we were losing our culture and no identity because most of the things that kids are watching not from this continent on this continent so they are picking cues from other countries

which might not necessarily be relevant to the community and society in which we live in so definitely this is a need that we have to all supports in one way or the other. france is yeshua brown certainly hopes that his animation studio will one day close ranks with the leading u.s. studios. and that is money. when i speak to our correspondent saying ghana isaac see welcome to you doing business good to have you on all week seeing african entrepreneurs making progress in the entertainment sector is this just a rare example. what many of them are making progress yet trying to break through and the idea a lot of good things in the background the only challenge has been that breakthrough and so for example there's still that i mean marks why the studio has

been able to track its quite significant its rate sample of the potential of this sectarian africa. while this company's had to do is you know reach out to amazon prime you know a and international organization to find a platform for its productions what's stopping africa from having its own amazon prime. so the challenge is that africa doesn't have a lot of platforms huge ones that are cool hold these creatives to realize the potential of the house and if if you look at some of the buzz from around a little company the out of channels that could be used to do some of these. and the consumption level is high it's minimal in africa and so general to rekindle a lot of revenue and so it becomes imperative that we need to reach out outside the continent to be with too much the mice and the potential of the industry that is really the challenge and it will take some time for that to change. so how do you

bring about that change are governments doing enough to encourage young people to find jobs in creative industries. does it does that the challenge really in africa where governments have no really done much to stop what they created that sector and if that is done and government invests in this sector be able to create a lot of jobs for young people what that would say shall and that telling us to start see. is this seen as a good potential space for creating jobs on the continent. yes it is a very huge area that jobs can be treated for young people many young people take sofie they want to do a lot of things or that they need is that platform the infrastructure piece to be dead so put them in bronze that is done by african governments we see a lot of job being created a creative sector. a collapse in accra for us thanks for joining us. and.

thank you the european central bank has made an extra $500000000000.00 euros available for its pandemic recovery bond buying fund bringing the total to $1.00 trillion the program enables the e.c.b. each purchase of government and corporate bonds and will continue until march 2022 bank will also keep its key interest rate at historic near 0 nerd's its president christine legarde says it's a necessary step to steer the eurozone through the coronavirus crisis preserving favorable financing conditions over the pandemic period will help. to reduce uncertainty and bulls to confidence thereby encouraging consumer spending and business investment and ultimately underpinning the economic recovery and helping to offset the downward impact of the pandemic on the projected path of inflation

now for a look at some of the other business stories making the news german travel operator 2 a years battling record losses due to the pandemic this financial year it lost more than 3000000000 euros pushing it to the brink of insolvency it's set to receive 1000000000 euros in government aid from the german government on top of the 3000000000 that it's already been given. the u.k. has signed a free trade deal with singapore in largely mirrors the agreement the city state has with the e.u. it means british and singaporean businesses can continue cooperating on the same terms after the brics transition and this. and that comes as the u.k.'s economic recovery almost ground to a halt in october as locked down measures dealt a blow to the hospitality sector g.d.p. rose by just not point 4 percent it's the weakest growth since out for collapsed in april during the 1st doctor. and finally is going to be

a strange holiday season this year for many with the pandemic closing businesses and frustrating travel plans and gets togethers but at least the gifts remain untouched right. maybe not check out this store in madrid toy companies that are getting into the spirit of a viral holiday season several dolls incorporate the pandemic theme this year complete with face masks and for the budding scientists as even an antiviral hit. me in the business team here.

to the point. clear positions international perspectives. following terrorist attacks this fall french president jacques rogge wants to crackdown on radical islamists will they succeed in stopping the cycle of violence or further divide the country find out on to the point. to the point. in 16th street.

and demand. courses. and. this is d.w. news africa coming up on the program demand is high on supply is not but in terms of infrastructure how many countries on the continent are ready to receive and vaccinate people i dance school with 19 also coming up. jubilation in parts of our crowd got this president of those officially declared when not.