your story ready ready. what numbers of women especially in victims of violence. take part and send us your story trying always to understand this new culture. are not even a turn off and yet you want to become citizens. in full migrants your platform for reliable information. but going to exhibit on monday seeing a double digit drop in value however the cryptocurrency has been on a tear over the past year breaking record after record now hovering around $30000.00 less per correspondent if the virtual money can really be worth that much . also on the show london's withdraw from the e.u. was supposed to give

a break that boost to germany's financial hub look at why that hasn't happened. and after cocoa farmers pick a fight with big chocolate makers accusing them of playing games to avoid paying premiums. and welcome to the show i'm stephen beardsley in berlin it's good to have you with us a bit coin so its biggest daily loss in almost a year on monday sustaining a double digit fall against the u.s. dollar at one point before recovering to about $31000.00 in midday trading in london and that loss is a mere blip in the crypto currencies manic run in recent months it reached an all time high of 30 $4000.00 just on sunday after quadrupling in value in 2020 a big quinn has benefited from inflation fears and a growing investor base in recent years. the market correspondent chelsea delaney has been watching latest rise. markets have started to air off.

back here in frankfurt a 2nd all new record high on the 1st trading day of 2021 so the momentum of 2020 is certainly carrying through into this new year even though many countries are still battling the coronavirus and are facing extended lockdowns to combat the spread of the virus investors are very much focused now on the vaccine the prospect for vaccine roll out an economic recovery that's expected to come along with that later on in the year one asset that's not doing so well today is that coin which has fallen at one point about 15 percent that comes just a couple days after it had it set a new all time record one of the biggest beneficiaries of last year's market rally as it's starting to go more and more mainstream be accepted more as a payment method but of course it's known for being extremely volatile and that's not changing anytime soon. the financial correspondent chose to delay me there from frankfurt and frankfurt is germany's financial capital and had expected to benefit

from briggs it with more london firms relocating or expanding their operations in the city to the continent's expectations haven't panned out and for many in the growing city it's also ok. from the river thames to the river mine the german world of finance hoped that frankfurt would become the e.u.'s new financial hub 4 years ago the city expected to create $10000.00 new jobs but it's managed to make just 4000 homes in. wasn't $10000.00 is relatively easy to explain every one expected more job migration with the british government reacted immediately making some regulatory changes so that fewer jobs had to be relocated. missed fewer jobs than expected coming over from london and job cuts at german banks as they struggle to stay afloat dim prospects for the country's finance sector. office towers belong to the banks the tower still have the banks

logos on them but if you look at the tenant mix in the building banks are nowhere near as dominant as they used to be and. isn't become a city of big law firms and recruiters and business not to talk of autumn and that's why stefan whining was never bothered by briggs that demand for commercial property here was already high the city launched multiple new building projects but the pandemic has had a devastating effect when you stop if you look at the strong years in 20182019 where we leased well over 600000 square feet you can see we're renting only half of what we had in the boom years that speaks for itself. the new offices being built will likely be sparsely populated good news for small businesses seeking cheap rent but the trend is the opposite for apartments affordable living space remains just a pipe dream with mostly luxury flats being built these days. i guess in datsun

context can get into a completely new phenomenon here in the past high rise buildings were considered commercial buildings more of an imposing backdrop and now we see a trend for development that's more familiar in north america luxury residential towers they hadn't. even though briggs it didn't bring the expected migration to frankfurt the city's appeal remains high but so does the price of rent leaving affordable housing a scarce commodity. well 2020 may be over but the coronavirus pandemic definitely is not so much of the economic impact of that pandemic is still difficult to quantify but some forecasters are already putting together a price tag for germany take a look 212000000000 euros that's the whopping costs so far as calculated by the german institute for economic research and by the time the crisis is over there is to predict that that number will grow to 391000000000 euros

approaching almost a doubling and that's assuming of course a lot that the infection numbers are brought down significantly over the next couple of months something that's not guaranteed but of course hoped for with the new vaccines now earlier we spoke to marcel fracture he's head of the german institute for economic research which published that analysis and here's what he had to say. i think i'm afraid we will see bankruptcies increasing very steeply this year and the best the government can do is to stop the 2nd wave of the virus and help the economy having to restart vets the single most important objective not just from a health perspective but also from an economic perspective all right marcelle for us are there for us and the continuation of the coronavirus pandemic means the continuation of a disastrous period for the global turn some sectors as well restrictions are preventing people crossing borders or for making long term travel plans for tour

operators their very existence is on the line. the longest railroad connection in the world the trans siberian railway the tracks between moscow and beijing run more than 1000 kilometers to operator of any day of a disguise and has always done well financially with this special train adventure but the coronavirus pandemic has forced all bookings to be cancelled. from normally more than $10000.00 passengers per year the number has dropped to 0. in the middle. of the company's headquarters in berlin no one knows when business will pick up again. but the mid-size company offers exclusive training ship tours worldwide through africa asia and south america but those are the very long distance journeys people are reluctant to book during the pandemic. isn't about what we have convinced that he people will still want to go

in these once in a lifetime dream journeys they'll continue to be in demand in this respect we offer the kind of trips that people won't want to do without and that plays into our hand if i want to travel along the amazon or if i want to ride the trance iberian railway and then i might still want to do that in 23 or 4 years but i had a few young. but despite the optimism the travel agency is in a dire situation. overhead costs are high with no income to speak of. the company has had to shorten the hours for 80 percent of its workforce. freelancers abroad like tour guides and train crews often receive no government support but they're extremely important to the company. inside will complete the eye in these difficult times where these employees have lost all

of their income we try to lend a hand where possible that you need a good site. to push to financially like when they need money for their rent and the northcote up into one and you know we help them and try to keep them loyal to lenny day in the long term 150 cal few i'm not yet needed to be in. business is set to pick up again next summer the company has even taken a few bookings but one thing is certain crowded train restaurants are a thing of the past in the future meals will be served in compartments so while the coronavirus is having a lasting effect on the way to travel the tourism industry is hoping that travel itself will eventually emerge from a lock down. over the china story we're following 2 months since his last public appearance speculation is intensifying over the whereabouts of chinese billionaire jack ma the alibaba found there has been off the grid since late october when he gave

a speech criticizing china's regulators and state run banks i was given a dressing down by officials in beijing over the i.p.o. of his financial services company and group was suspending he was also removed from a prominent role as the public face of an african talent show or. and let's take a look now at some of the other business stories making headlines. shareholders for fia chrysler and france's p.s. have overwhelmingly approved the 2 automakers merger creating the world's 4th largest car company emerge firm will go by the names to lantus and be home to brands like peugeot citroen jeep opel and dodge. opec and its partners were meeting monday to determine production levels for february some members like nigeria are expected to push for an uptick in output following last year's pandemic forced cuts others warn that more output would undercut prices with global demand for oil still weak. egypt ethiopia and sudan have resumed talks over the grand ethiopian renaissance dam following

sudan's boycott of the previous round sudan and egypt are worried about water shortages from ethiopia's decades long project on the source of the nile which aims to boost power generation. where something unusual happened in november in the cocoa industry american chocolate producer hershey's. purchase rather cocoa beans from futures markets and not directly from physical sellers in ghana and ivory coast as is typical of the purchase allowed her she to avoid a special premium for cocoa harvesters set up in both countries and that's leaving a bitter taste behind for some. helco farming is hard work it takes around $25.00 of these pods and the cocoa beans inside to make a kilogram of chocolate farmers have to find and cut them down with out hurting the soft bark of the tree. but more and more farmers like these here in ghana are

saying the price isn't worth it. is not in a future because of the price and. it's all right. over a pool so over a poised over 4 because one day it's the coverage you just increase everything for us because we spent time in the. mostly side of the business but after all good nothing. in 2019 gonna ivory coast and big chocolate reached a deal to prevent the undercutting of cocoa farmers for each tonne of chocolate which costs about $2600.00 the companies pay an additional $400.00 this helps shore up farmers income and pay for and certify sustainability programs such as preventing child labor and preserving forests when when right. well now ivory coast and donna say that hershey's and mars are taking steps to avoid paying into the fund if you governments say that without the funds they will have to cancel

programs both companies deny the claims and say they support the initiatives. cocoa is around 25 percent of god has export earnings alone but the crops future remains uncertain. about it. and that's it for me and the business team here in berlin as always you can find out more about these and other business stories online at t w dot com slash business to join us on facebook and twitter i'm stephen beard so it's watching. what secrets lie behind the wall. discover new adventures in 360 degree. and explore fascinating world heritage sites. p.w. world heritage 360 getting up now. good use crime fighters

are back africa's most successful radio drama series continues this season the stories focus on hate speech prevention and sustainable local production. all of a sow's are available online and of course you can share and discuss on africa's facebook page and other social media platforms. crime fighters tune in now. welcome to arts and culture it's our 1st show of the new year and so we want to take a look at what awaits a little preview if you will of the 2021 culture agenda but hopefully. even the coronavirus can't stop that means movies art music and architecture had to paris for a sneak peek at chanel's new creative. now

usually at the beginning of a new year we have some sense of the cultural events that lie ahead that didn't work out so well last year so here's our very cautious look at $22017.00 highlights for the new year and they all just happened to start with the letter b. being number one is bond james bond the release of the 21st film in the franchise has been postponed repeatedly due to the coronavirus pandemic. so maybe 2021 will be the year that agent double 07 finally hits cinemas again. he'd be bringing along our being number 2000000000 eilish who were courted the movie's theme song no time to die. alone. the number 2 is

boyce joseph boyce 2021 marks the son tenor of the legendary german artists birth we recommend the excellent documentary about him by director on close 5 it's perfect preparation for the numerous boys' exhibitions planned for this year provided museums are able to reopen. the 4th b.s. for palynology the berlin international film festival which usually rolls out the red carpet for celebrity guests in february but the plan this year is for a kind of trade fair in march for film professionals and journalists and if the pandemic allows the festival will hold public screenings of new films in june for a nonprofessional audience. the number $5000000000.00 specifically the architecture be an olive postponed from 2020. for the 17th time

architects from around the world will compete for the main golden lion award with their visions for the future this year's theme is how will we live together. our 6 to be is bob bob dylan the music legend still knows how to make headlines whether by winning the nobel prize. as for literature and 2016 for by selling the rights to 600 of his songs to universal music in 2020 this year dylan won't have to do much to draw attention other than simply turn 80 years old on may 24th. and finally be number 7. thought we were done with the beethoven here thank you again the coronavirus pandemic resulted in the council nation of most of the events planned for the bomb

beethoven festival honoring the 250th anniversary of the great composers bert. so they've been postponed to the summer of 2021 when the worst of co bit is hopefully over. given how much there still is to discover about beethoven one year is too short anyway. so this year is also ok to be in year. and that brings us to another big be affecting culture this year brags that the united kingdom is now fully out of the european union but what does it mean for the arts college market crude is here for more mica a few days ago we finally saw that u.k. your trade agreement we've all been waiting for board about culture were politicians thinking about culture well i guess not too much because they are still so many questions without an eon so the only thing which seems to be quite clear is that breck said will make the cultural life and the cultural exchange much more

complicated when it comes to british music for example. before bracks said the british musicians could tell a tour around europe without a visa and now it's 2 friends and they need a separate visa for every european country and the fear is that some british musicians may be. not will be able to afford the extra bill your corsi and to delays and maybe those musicians were not able to tool around europe any more yet and so they started a petition for musicians passports and they have collected more than 220000 signatures to now who would see what comes out of that so obviously mobility the freedom to work internationally those are some really big issues what about the other way around what about artists from the european union who want to work in the u.k. yeah i talked to some artists in germany and they are all waiting they are waiting

for solutions and for more information ok artists were quite good in overcoming obstacles and they are really willing to do but when it comes to museums galleries of theatres for example you'll find in so many projects and all those subsidies are falling away now and another example is the european union youth orchestra which has been based in london the idea was always to bring musicians from all around europe together. and now they have to move to italy it wasn't possible for them to remain in the u.k. being financed by the e.u. and now it's still not clear whether young british musicians are able to be allowed to take part of this orchestra what about the art market because the u.k. is also such a big player on the art market. here they are actually really well prepared it seems the small galleries are a bit scared by the big auction houses for example of some of these or christie's

could even benefit in the last year's london has continued to strengthen his position as a trading metropolis for art some say bracks it is also a good opportunity with less regulation from the e.u. so british are merger could be one of $100.00 to speak with us in the market krueger thanks so much thank you well 2020. 1 is said to be a year of big changes for the fashion industry as well and legendary fashion house chanel plans to open its new creative hub at the edge of paris the complex is set to bring together some 600 of chanel's high fashion artisans for the 1st time the brand's luxury embroiderers how to makers goldsmiths and swimwear creators will all be working under one roof. this is the construction site of chanel's new flagship building in paris the triangular building complex named 1000 m. offers more than 25000 square meters of space the 24 metre high concrete threads

that surround the building were inspired by luxury textiles. french architect rudy rich hottie came up with the idea. 'd you immediately draw a parallel to the works of karl lagerfeld and chanel they always champion the most sophisticated and refined expertise when it came to textiles. so it was important for me to honor their craftsmanship many of my designs are inspired by feminine ideals. for me this concrete is very sensual and feminine so the texture feels like skin through to the food that the board of. concrete ornamental work is the award winning architects trademark. as with the new same museum are say.

the shampoo one stadium in paris. or the new islamic art department of the louvre. the object of the new chanel building is also to provide optimal working conditions for the 1000 m. is planned to host the workshops of couture artisans with unique skillz masters of their crafts. if you're near mr hall then i'll go off and give you karl lagerfeld once said i only take care of the 1st saw it in this case the dress you got me the person who lives in it is responsible for the rest i like that statement here it's somewhat similar we've got the spaces studios and a facade i want the people who work here to be happy the concrete structure is meant to calibrate the daylight so it's not too bright but that the sun still shines it was so new to me. another example of a building that connects architecture and fashion is the each song of all museum in america cash morocco designed by martin in california. the architecture reflects

the curved and straight lines of design it's. the facade symbolizes the texture of a rough fabric the interior is like an elegant dress in soft and flowing harmonious color. the found us the only leave we toll in paris exhibits art rather than fashion still the spectacular megaproject by canadian architect frank gehry is the flagship of the luxury goods group l v m h curving glass elements cover the body of the building reminiscent of the ship. now another paris fashion house is unveiling its own gem of 21st century architecture chanel plans to inaugurate its 1000 m. creative hub in march. music experts have called i play brenda

one of the greatest pianists of all time now is celebrating his 90th birthday here's a look back at our meeting with the austrian virtue of a decade ago when he was 80. in 2010 we had the good fortune to experience the world famous pianist i think planned he'd stop giving concerts in 2008 but returned to keisha only to the stage to deliver musical lectures such as this one. gained international renown as a concert pianist in the 1950 s. his interpretations of haydn mozart list beethoven and schubert and legendary some critics felt they were too cold and technical but for blended honoring the composer's intentions was always paramount the thick lips on their work lives largely the latently in the score this late in life must become manifest in the course of its performance in the belief that the performer may kiss the work awake

no more and no less. for his 90th birthday i could play and hopes to stay active he's a respected writer as well as performer and composer he's held many readings of his poems and essays in a recent newspaper interview he said he can always turn around. and staying with music british singer gerry mars and died this weekend at age 78 will be remembered for his rendition of you'll never walk alone the song originally from the musical carousel the true marston's cover became one of the war world's most popular soccer anthems liverpool football club says it will continue to play marston's recording and here it is you'll never walk alone she said.

tom. bodett. glad. there's.

been a really tough 1st in torrance raised. 1200 kilometers with a dog sled. day. in the far north of norway. and with practically no sleep. any more questions and then off we go to him our slow pace close up. 90 minutes on t w. has a virus spread. why do we panic and when we'll all be. in for just 3 of the topics that we covered and the weekly radio show is called spectrum if you like and. information on the crown of maurice or any other science topic you should

really check out our podcast you can get it wherever you get your podcast you can also find us at. slash science. we're all set. to go beyond vs. marine live. as we take on the world. we're all about the stories that matter to you country. what ever it takes. money knocks it. out w. made for mines. children to come to this. one giant problem and maneuver it in no mood to see. any need of the changing lately done looking. how will climate

change affect us and our children. and e.w. dot com slash water. this is the w. news live from berlin julian assange has to stay on british soil avoiding extradition to the united states is supposed to celebrate as a british jobs bad the wiki leaks found on the grounds of an extradition would be oppressive to his mental health. all. so coming up britain begins administering a 2nd coronavirus vaccine developed by oxford university and drug maker astra

zeneca this is the government prepares to announce new lockdown measures. and germany also prepares for a longer lockdown as the country's leaders meet to map on path through the peak of the panda. and you have of us welcome to the program a british judge has ruled that wiki leaks founder julian assange has come of be extradited to the united states to face a spear charges that the judge said it's tradition would be oppressive to his mental health the u.s. says it will appeal the ruling the australian could have faced a prison sentence of up to 175 years in the us as a lawyer is meanwhile have applied for him to be released on bail. no sooner had

used trickled out of the court room but his supporters began celebrating and chanting. the static that after 10 years of legal fights they had some form of victory. we welcome today's decision we are relieved that mr songs will not be actually added to the united states we share concerns about his health and his mental health we have been highlighting this for quite some time that he has been vulnerable that we have we have stated and i'll repeat today that his extradition was a possible matter of life or death. earlier a sign just team began the day with low expectations. of. his fiance had called on donald trump to pardon the father of her 2 children. he arrived at the court in the back of this high security van. inside the courtroom the judge dismissed most of the scientists defense but she conceded that his mental

health was such a to extradite him would be oppressive. i'm disappointed people legal battle began with a video that shocked the world classified footage of us at patchy attack helicopters killing iraqi civilians and journalists released by a song or shape an understanding of what the past 6 years of war has been why. the u.s. accused him and wiki leaks of being enemy combatants. for the past decade through thick and thin asuncion always maintained he was a journalist. the saga is not over yet the u.s. government said it will appeal today's decision. but we're joined now by neil smell so he's the united nations special report on torture and has visited julian assange in prison he says the past 10 years have effectively been psychological torture for that we can leaks father mr moussa what's your take on today's ruling. well

thank you very much for having me and yes clearly this document is a very important 1st step in the right direction i think it has to be celebrated that the judge has recognized that the new conditions of detention funds would be facing the us are oppressive in my view and view of many human rights organizations they would actually amount to torture and other cruel human or degrading treatment and that therefore for medical reasons also he cannot be extradited to the u.s. so that is a very important 1st battle to the one interest in this fight and a battle that is also for the prohibition of torture and total recognition of the proposition on the other hand we have to see to recognize that in most of the judgment actually goes very far fortunately income harming and sustaining the rationale underlying the u.s. prosecution of jewelry in the fund which could be setting

a precedent by which other journalists could be prosecuted and extradited to the united states for espionage charges if they were to publish secret information the why did mr sounds of case in particular catch your attention. to be called honest with you and to begin in the beginning i refused to actually get into this case because i was very much marked by the same prejudices that the broader public have been affected by through the mainstream press reporting on the stress on for 10 years it was only when i started to actually look into pieces of evidence to see that that whole narrative that had been spread about him for so long. was not supported by evidence and that's what triggered my interest in this case and i then visited him together with a medical team in belmarsh prison and we found that he showed all the symptoms that are typical for persons that have been exposed to psychological torture for a prolonged period of time can you get into bit more detail on that one expert in

torture so then we're which way has been tortured and what's your assessment of his condition right now. yes i think thank you for the question it's important to clarify that obviously modern forms of torture. cannot be compared to the kind of medieval forms of physical torture it is very much a cumulative process of destabilizing people through isolation. and really a sion itself judicial harassment which and i mean by this judicial proceedings that are not based on law but they're being conducted for political purposes where profit dual rights are systematically being violated and so the person is being destabilized systematically they see that in many countries in the world many regimes that try to use torture methods that don't be physical process and in the end it breaks a person and we actually have a confirmation of that precise process in today's judgment because it confirms that

julian offense mental health is so fragile today that he cannot even be extradited to the us about risking his suicide and that actually confirms that his mental health has deteriorated dramatically and that's also what we have observed together with my medical p. thank you very much news now for the un special rapporteur on torture. now to some of the other stories making headlines today a recording has emerged of president ronald trump pressuring a state election official to change the outcome of the november vote in the audio of a phone call released by the washington post trump tells the georgia secretary of state he needs to quote find more votes. if. iran says it has resumed enriching uranium up to 20 percent that goes well beyond the threshold

set by 2015 nuclear deal with major world powers the decision coincides with increasing tensions between iran and the u.s. as expected to complicate efforts by u.s. president elect joe biden to rescue that deal. from. schools in kenya have opened for the 1st time in 10 months the government closed them in march through the coronavirus. students that temperatures checked before entering the school but there are concerns that social distancing won't be possible in classrooms due to overcrowding and a lack of desks. you're watching video you knew still to come in the bonus legal mills and minds piled the pressure on. munich we'll have the highlights of that game in sports. but 1st to the u.k. where prime minister bird johnson is due to announce a new coronavirus restrictions in a televised address later today calls are growing for a return to a nationwide lockdown to combat

a fast spreading new variant of the virus scotland has already announced a tightening of measures from midnight u.k. time the bad news hits at the end of a day that started with a glimmer of hope after the arrival of a 2nd covert 19 banks in. a milestone for britain as it became the 1st country to administer the oxford astra zeneca vaccine more than half a 1000000 doses have been made available for the 1st 24 hours alone it comes as britain struggles with a surge in corona virus infections including a highly contagious variant this 82 year old was 1st in the queue for the jab. this forces turn. and it was a proud moment for this oxford alumnus who was next in line. is it's

wonderful and it's good to be able to tell. all the people who. go away quickly and as quickly as you can. britain has called it a scientific triumph the shot is less expensive and is easier to store than other covert $900.00 x. scenes. but some are proceeding with caution it has yet to be approved in the e.u. and france's data for the jab is insufficient you spoke with a viral just in the u.k. who said the information has not been made available. to data that may be of rule for this vaccine is only belonging to the government that is not publicly available and according to the government is like this that if the 1st nose is given the person there is our own 70 percent efficacy and then if it is the 2nd those given then it will be around 80 percent efficacy. at 3 months but that is something that

we haven't seen the debt as so therefore all is in the air and we don't really know how as a case just would it be particularly after the 1st dose. the european medicines agency has said it is unlikely that the astra zeneca vaccine will be approved for the e.u. in january. germany chancellor angela merkel will meet with state premiers on tuesday to consider extending coronavirus lockdown restrictions as infection rates remain high across the country schools are currently closed because of the lockdown which was due to end next week now parents are bracing for the likelihood of yet more home based virtual learning. monday was meant to be the 1st day back at school after the christmas holidays but classrooms across germany remained empty most students saw their vacation time extended until january 10th well others attended classes virtually calls are growing across the country 1st schools to stay

closed even longer or to only open partially in berlin opinions on the matter very . thank you note that i have 2 children myself one in high school and one in elementary school i think schools should remain closed a little longer even though it's difficult for us parents. perhaps we can find a good balance with some learning at home and others allowed to be in school. i think that as long as the lockdown stays in place and i expect it will be extended children should stay at home. hope for a return to normal lives with the vaccine germany has so far administered almost 266000 jobs but the government is coming under pressure it's vaccination program has been criticized for being slow and chaotic but act the man who coordinated the construction of berlin 6 vaccination centers says he would like to see more doses

available. we clearly don't have an effect scenes for all vaccination centers to be operational my whole poor my expectation is that we'll have a lot of vaccine doses soon on the one hand though it was also good to be able to phase in the vaccination centers in phases one after the other but if you initial problems are to be expected. germany is still under lockdown and will remain so for at least another week chancellor unget american will meet with the state premiers on tuesday to this side on the way forward new cases and deaths have remained high over the holiday period and the situation in germany is hospitals is very difficult all signs point to an extension of the current lockdown. and the going to sneak up on sunday by our munich avoided embarrassment against the 17th place team in the league after trailing at half time for bavarians rallied

against mines to regain the top spot. on paper it should have been a routine victory for the reigning champions who faced a mine side that had won just one so far this season but for the 8th time in a row by an conceded 1st time book cards netting in the 32nd minute by jerome poet tang felt he had been fouled in the build up but the goal stood and just before half time mind doubled the lead as alex on the huck was left on my heart and noted in to send violence of the break to nail down but the record champions bounced back a us were kim a header got by him back in the game and then leroy sent a level discourse after drifting inside from the wing with the mind's defenders allowing him time to set up his shot. 3 more by on goals followed the pick of which was robert levin dusty's effort to seal the 5 to end result.

by an reclaim top spot while mines still 2nd from bottom were left to rue their wasted lead. you're watching news live from berlin that's it for me and the news team don't go away though coming up next there's all business after with stephen busy he'll tell you all about bitcoin hitting yet another all time highs of don't miss that stage thanks a lot. but dusty very muddy tires and drums we deliver gynt lifesaving boxes we give everything to reach those who need us the most every box feeding their futures. boxes full of hope of lifesaving food in the sun

a small down roads with no names we. fearlessly deliver relentless in our promise to make every delivery special. not just next day but every day. thousands of children who are still waiting for their delivery sponsor a box today so together we can deliver the futures. war. big going to exhibit on monday seeing a double digit drop in value however the cryptocurrency has been on a tear over the past year breaking record after record now hovering around $30000.00 less for corresponding to the virtual money can really be worth that much . also on the show london's withdrawal from the e.u. was supposed to give

a goose to germany's financial look at why that hasn't happened. and cocoa farmers pick a fight with big chocolate makers accusing them of playing games to avoid paying premiums. hello and welcome to the show i'm stephen busy in berlin it's good to have you with us a bit coin so its biggest daily loss in almost a year on monday sustaining a double digit fall against the us dollar at one point before recovering to about $31000.00 in midday trading in london and that loss is a mere blip in the crypto currencies manic run in recent months it reached an all time high of $34000.00 just on sunday after quadrupling in value in 2020 a big has benefited from inflation fears and a growing investor base in recent years. the market correspondent chelsea delaney has been watching big rise. global markets have started the year off with the bang attacks here in frankfurt affected all new record high on the 1st trading

day of 2021 for the momentum of 20 twentieth's certainly carrying through into this new year even though many countries are still battling the chronic virus and are facing extended lockdowns to combat the spread of the virus investors are very much focused now on the back seen the prospect for vaccine rollout and economic recovery that's expected to come along with that later on in the year one asked that that's not doing so well today is that quiet which has fallen at one point about 50 per cent that comes just a couple days after it had set a new. all time record bitcoin one of the biggest beneficiaries of last year's market rally as it's starting to go more and more mainstream be accepted more as a payment method but of course it's known for being extremely volatile and that's not changing anytime soon. all right financial correspondent chelsea delaney they're from frankfurt and frankfurt is germany's financial capital and had expected to benefit from bragg's it with more london firms relocating or expanding

their operations in the city turning access to the continents all those expectations haven't panned out and for many in the growing city that's also ok from the river thames to the river mine the german world of finance hope that frankfurt would become the e.u.'s new financial hub 4 years ago the city expected to create 10000 new jobs but it's managed to make just 4000 homes in his life was in 10000 is relatively easy to explain everyone expected more job migration when the british government reacted immediately making some regulatory changes so that fewer jobs had to be relocated. fewer jobs than expected coming over from london and job cuts at german banks as they struggle to stay afloat dim prospects for the country's finance sector. office towers belong to the banks the tower still have the banks logos on them but if you look at

the tenant mix in the building banks are nowhere near as dominant as they used to be in. prison we've become a city of big law firms and recruiters business. that's why stefan whining was never bothered by briggs that demand for commercial property here was already high the city launched multiple new building projects but the pandemic has had a devastating effect. many stock if you look at the strong years in $2182019.00 where we least will over 600000 square feet you can see we're renting only half of what we had in the boom years that speaks for itself. the new offices being built will likely be sparsely populated good news for small businesses seeking cheap rent but the trend is the opposite for apartments affordable living space remains just a pipe dream with mostly luxury flats being built these days. i guess i'm dodging

context can that is there a completely new phenomenon here in the past high rise buildings were considered commercial buildings more of an imposing backdrop and now we see a trend for development that's more familiar in north america luxury residential towers they hadn't. even though briggs it didn't bring the expected migration to frankfurt the city's appeal remains high but so does the price of rent leaving affordable housing a scarce commodity. well 2020 may be over but the coronavirus spend demick definitely is not so much of the economic impact of that pandemic is still difficult to quantify but some forecasters are already putting together a price tag for germany to take a look 212000000000 euros that's the whopping cost so far as calculated by the german institute for economic research and by the time the crisis is over this is 2 predicts that that number will grow to 391000000000 euros

approaching almost a doubling and that's assuming of course a lot that the infection numbers are brought down significantly over the next couple of months something that's not guaranteed but of course hoped for with the new vaccines now earlier we spoke to marcel fracture he's head of the german institute for economic research which published that analysis and here's what he had to say. i think i'm afraid we will see bankruptcies increasing very steeply this year and the best the government can do is to stop the 2nd wave of the virus and help the economy having restarted vets the single most important objective not just from a health perspective but also from an economic perspective all right marcel french are there for us and the continuation of the coronavirus pandemic means the continuation of a disastrous period for the global tourism sector as well restrictions are preventing people crossing borders or for making long term travel plans for tour

operators their very existence is on the line. the longest railroad connection in the world the trend siberian railway tracks between moscow and beijing run more than 9000 kilometers tour operator of manny de lay besides it has always done well financially with this special train adventure but the coronavirus pandemic has forced all bookings to be cancelled. from normally more than $10000.00 passengers per year the number has dropped to 0. point 0. at the company's headquarters in berlin no one knows when business will pick up again. for the mid-size company offers exclusive training ship tours worldwide through africa asia and south america but those are the very long distance journeys people are reluctant to book during the pandemic.

is it about what sort of we are convinced that he people will still want to go in these once in a lifetime dream journeys they'll continue to be in demand in this respect we offer the kind of trips that people won't want to do without and that place into our hand if i want to travel along the amazon or if i want to ride the trends iberian railway and then i might still want to do that in truth 3 or 4 years if you're young. but despite the optimism the travel agency is in a dire situation. overhead costs are high with no income to speak of. the company has had to shorten the hours for 80 percent of its workforce. freelancers abroad like tour guides and train crews often receive no government support but they're extremely important to the company. and inside full complete i mean these difficult times where these employees have lost all of

their income we try to lend a hand where possible that you need a good site. financially like when they need money for their rent and northcote up and into when we help them and try to keep them loyal to lenny day in the long term one. never needed to be in. business is set to pick up again next summer the company years even taking a few bookings but one thing is certain crowded train restaurants are a thing of the past in the future meals will be served in compartments so while the coronavirus is having a lasting effect on the way we travel the tourism industry is hoping that travel itself will eventually emerge from the lock down. or to china story we're following 2 months since his last public appearance speculation is intensifying over the whereabouts of chinese billionaire jack ma the alibaba founder has been off the grid since late october when he gave

a speech criticizing china's regulators and state run banks but was given a dressing down by officials in beijing of the i.p.o. of his financial services company and group was suspended he was also removed from a prominent role as the public face of an african talent show for. and let's take a look now at some of the other business stories making headlines. shareholders for chrysler and france's p.s. have overwhelmingly approved the 2 automakers merger creating the world's 4th largest car company to merge firm will go by the names to lantus and be home to brands like peugeot citroen in jeep opel and dodge. opec and its partners were meeting monday to determine production levels for february some members like nigeria are expected to push for an uptick in output following last year's pandemic forced cuts others warn that more output would undercut prices with global demand for oil still weak. egypt ethiopia and sudan have resume talks over the grand ethiopian renaissance dam following

sudan's boycott of the previous round sudan in egypt are worried about water shortages from ethiopia's decades long project on the source of the nile which aims to boost power generation. was something unusual happened in november in the cocoa industry american chocolate producer hershey's. purchase rather cocoa beans from futures markets and not directly from physical sellers in ghana and ivory coast as is typical of the purchase allowed her she to avoid a special premium for cocoa harvesters set up in both countries and that's leaving a bitter taste behind for some. how go farming is hard work it takes around $25.00 of these pods and the cocoa beans inside to make a kilogram of chocolate farmers have to find and cut them down with out hurting the soft bark of the tree. but more and more farmers like these here in gonna are saying the price isn't worth it. cocoa farmers not in

a future because of the price and how did you keep other friends from the market such a system is not right for us you know in a like. over a pool so over a poised over for the like is wondering if the government just increased everything for us because we spent time in our energy mostly in the side of this but. after all get nothing. in 2019 gonna ivory coast and big chocolate reached a deal to prevent the undercutting of cocoa farmers for each ton of chocolate which costs about $2600.00 the companies pay an additional $400.00 this helps shore up farmers income and pay for and certify sustainability programs such as preventing child labor and preserving forests when when right. well now ivory coast in guyana say that hershey's and mars are taking steps to avoid paying into the fund

the 2 governments say that without the funds they will have to cancel programs both companies deny the claims and say they support the initiatives. cocoa is around 25 percent of god is export earnings alone but the crops future remains uncertain. and that's it for me and the business team here in berlin as always you can find out more about these and other business stories online at t w dot com slash business to join us on facebook and twitter i'm sitting here so let's watch it. really stick toughest insurance race europe. 1200 kilometers with a dark side. waves in the far north of norway. and with practically no sleep. any more questions and off we go to sin

marks looking closer. in 16 s t w literature invites us to see people in particular that i like to see as the fine strong and growing up. to do the books on youtube. this is deja vu news africa on the program today the race to grade the uncovered 19 in south africa as the country of close of record number of cases and did you hear from the scientists who say it has little chance of meeting its vaccination targets in 2021. also in south africa the initiative aimed at building skills and

confidence in girls from poor and disadvantaged backgrounds. will meet the full set of taking the.