germany recovering from a poison attack bombings lawyers say they'll appeal just sitting. there watching t.v. news live from berlin coming up next rob wants to be here with business including big news from amazon i'm sorry mark thanks for watching. we've got some hot tips for your bucket list. the magic corner. for some. and some great cultural memorials to boot. w. travel we go. to the fight against the coronavirus pandemic. how has the rate of infection been developing.

measures are being taken. what is the latest research so. information and context. the coronavirus of the coded special monday to friday on w. jeff bezos is stepping down as amazon the c.e.o. it's a surprise announcement from the man who founded the company 3 decades ago will look at what's next for amazon and for him. and another big exit it's joe case his last day in charge of siemens he joins us to talk about the company. this is day to be a business in berlin welcome to the program amazon founded jeff base office is stepping down to see. later this year giving up leadership of the online retail

giant that began in his carriage in 1994 its stake in amazon has made bay's also one of the richest men in the world even joining the pandemic his wealth grew as amazon's business benefited from lock downs and customers moving online for the last quarter of the 2020 the company reported revenues of $125000000000.00 with profit doubling to over 7000000000 base also will transition to the role of executive chairman and will be replaced by andy jessie currently runs a ms and web services. let's get more on this from our reporter chelsea delaney who joins me in the studio chelsea business is booming for amazon wise baseball stepping down now. well to some degree it's pretty much a good time for jeff bezos to be stepping down he's leaving really on a high note one of the best quarters and amazon's history so the business is very

strong but jeff bezos says that you know he's made a lot of money at amazon he's really built it into this behemoths and now he wants to really take time to work on other projects he says and his e-mail to employees announcing it's resit announcing that he's going to be stepping down as c.e.o. that this is a very time consuming job it takes a lot of responsibility and now at this point he wants more time to work on things like pet projects he's been really invested in the movie side of the amazon business he's been working on the echo voice assistance so he's really built this company into something very strong and now he wants to use all of that money use all of the power he's taken on to really focus on his interests and what do we know about the man who's replacing him and you just see well and he just he has been at the company for a long time since almost its beginning and the ninety's he's been the head of the web server the cloud business the amazon cloud business and he's been really jeff bezos is top lieutenant in the past several years so he is

a very well known face at amazon he's that well respected people really know him it's a little unclear what his direction is going to be for amazon going forward but he's going to be facing a lot of challenges this is really the most challenging time in amazon so streets facing regulatory regulatory investigations across the board there's a lot of pressure on amazon for its competition practices for the way that it's undercutting other businesses so he's coming in at a time where there's a lot of a lot of interest in amazon but he will have to take on a lot of a lot of regulatory challenges as well just to let me thanks for bringing us up to date. now time for a look at some of the other business stories that's all making news. former european central bank chief mario draghi maybe being tapped up to be the next prime minister of italy is due to meet the country's president today to discuss a potential government formation draggy is widely correct credited with saving the

euro zone in 2012 at the height of the debt crisis. pfizer is anticipating $15000000000.00 in sales this year from its corona virus vaccine the jap made in partnership with german company by own tech is authorized for emergency use in several countries who are now ramping up vaccine efforts last quarter alone the vaccine brought in $154000000.00 of revenue. and game stop is crashing back to worth the game retailer's stock fell by 60 percent tuesday dramatic collapse from the dizzying heights of last week when reddit hughes's teamed up to drive up the share price. german industrial giant siemens appears to have weathered a tough year well its latest results show orders and profits are up on a year ago before the coronavirus pandemic hit its finance as a final positive for. who ends his leadership of the company today.

after taking up the reins at siemens joe kayser unveiled his vision 2020 plus restructuring plan he faced massive resistance especially from the company's employees but carries a full vigorously against his critics. who say its vision 2020 is a blueprint for growth for innovation and corporate cultural change and not a stuff reduction program carries a decided it was time to streamline his engineering conglomerate selling off a raft of subsidiaries including household goods division which made washing machines and fridges carriers are also hived of the medical technology division successfully launching it on the stock market in 2018. 2 years later he did the same with siemens energy parent siemens does still maintain large holdings in both entities though siemens energy makes wind turbines it also still makes turbines for gas and coal field power stations but because of germany's push towards renewable

energy that to do in lng market so the company has just announced it will be cutting $7800.00 jobs almost 50 percent of them in germany one in 12 jobs at siemens energy faces the x. . unions and even shareholders of constantly reminded joe kayser to balance people and profit margins equitably and not to prioritize profit above all. but germany statistics office to starters says that through subsidiary sales divestments and job cuts siemens the shed tens of thousands of jobs during the 7 year k.z. are well we can speak to siemens c. on his last day in the job thanks for joining us on business does the pandemic mean that the company your handing over is not as strong as the company that you'd have liked. well you can always prepare to

opus leap because you people believe that they are perfect issues rather leaf reading it in a way but they have been far away from from perfect and the companies far away from perfect and desire to be because there's always new challenges and opportunities but if you look at you know it's even by the numbers especially. the quarter has been you know to you out this morning and fascinating numbers i mean bookings were up 15 percent year over year they would use up 7 percent operating profit up 39 percent the operating margin is 16 percent and so that's not you know there could be much worse and they must not forget that those numbers compared to the same quarter a year ago which was basically pre-planned them and now we are in the middle of it so that means actually that we have quite a relative strength in our business compared to peers predominantly and that makes

me feel good where i live and the other thing is with makes me feel really good is that we have a very very strong management team a stroll leader with a long push to take over starting tomorrow and that makes you you know makes it easy to go out and say hey you know we've got a great team it's got a meaningful starting point for the next generation you know it feels good to to say goodbye and see you around you just said actually that you haven't been the perfect see over time do you have any specific regrets from your time in charge. oh yeah so many you know inside there's a lot of stuff you would do differently if it happened again i mean opus levy review did some investing into this idea a link as in the steve rich hindsight we would probably not done in that. in that way we've been trying to do there's

a lot of reasons for that but you know it's more than that the purchase we've done a lot of good things all to sleep because we wouldn't be there. today even remember when i started as c.e.o. in in the 2030 in the share price was about 770 now yesterday we had a new all time high of 133 euros plus the benefits of the spin of it was another 12 euro for for energy if you look at the the the i.p.o. since hell 3 years you know the i.p.o. they met 28000000000 and now they are 50000000000 in market cap 50000000000 a market cap in germany the big thing you know it's way above b.m.w. it's just about the same level the entire now think about this you know formative vision of siemens now is worth more dead industrial lichens of picture money so must have done something right and that's what i would focus on especially also of

the succession plan your latest figures rely heavily on china for how good they look how much is siemens success is down to china. well i mean we've been we've been growing massively in the last fiscal quarter which we just reported in full this morning of a china was up more than 20 percent. 1000000 out of china is about is this is about 10 percent of total revenue so we must not really. get you know get. caught there and say hey china's everything might be different in other industries such as for example automotive for others but you're a global business we are even the the movie focused stephens is very well diversified with mobility smart infrastructure and of course digital industries so

the unit our u.s. business is more than $2022000000000.00 on the annual plays it's almost almost twice as much as china so if you could rotate present in the u.s. is that is the as much as 20 china and europe is a similar things so i would not want to go into that trap and zoe china is everything and we've tried it doesn't do well you have a problem that's not what siemens he's about today check asia outgoing c.e.o. siemens thanks for joining us on t. to be. absolutely thank you. watching that interview as our financial correspondent in frankfurt come around piers and conrad that's the view from the man himself but how will his time in charge actually be remembered. well kayser will be remembered for talking about a lot of topics that usually c.e.o.'s are very hesitant to talk about xenophobia

right wing tendencies in germany for example he was very outspoken against all this he also tried a couple of unusual p.r. stunts for example by offering a fridays for future activists a seat on the supervisory board of siemens but and i think in your interview this became pretty obvious case there was also a tough numbers guy who cut tens of thousands of jobs and with the spin offs of health in the areas and siemens energy did exactly the things that the markets wanted to see. what the case it was not enough was technological visionary the numbers of patents that siemens registers each year is on the decline from abuse and in frankfurt thanks. just to have her mind of the top story we're following on is unfounded jeff bezos is stepping down later this year giving up the

role of c.e.o. of the online retail giant he started in his carriage in 994 will become executive chairman with andy jesse set to replace him a seat. that's all from me in the business team here in berlin if you want more to check out our website either way dot com fascists. may find against illegal gold diggers. in caruso's jungles this takes heavy weapons the price of gold skyrocketing during the pandemic and the number of forbidding mines is exploding with company a special unit in their dangerous work against reckless environmental destruction. 3000. next on d w. what secrets lie behind these walls.

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