white city or 2nd followed by in frankfurt in the 2nd half looking at the very bottom shall go or after more than 3 decades in the bonus league. this is u.w. news live from berlin up next you've business news with my colleague rob want stick around he will be right back. people in trucks injured when trying to shoot a city center more and more refugees are being turned away or. at least an attack seems. to be critical to clean up demonstrators. people sleeping extreme measures. to keep. more than 300 people or seeking a chance. to meet in

a skirmish because no one should have to flee. and make up your own mind. w.'s. made for mines. is this. wearing off shares in netflix of. shorts of its 1st quarter target for new subscribers we'll delve into why with our correspondents in new york. after most of the elite european football clubs involved pulled out. of money played in the fiasco. and the e.u. has agreed to new climate goes just ahead of a summit with u.s.

president joe biden a meeting that will be playing. this is the business. welcome to the program. netflix have taken a battering since the streaming john reported that it missed its subscriber growth target for the 1st quarter of 2021 by a big margin netflix added 4000000 new subscribers from january to march less than 2 thirds the projected figure it's just a quarter of what it out at the same time last year with when customers were gearing up for prolonged lock downs the company has however seen a huge 24 percent leap in revenue year on year. costs have been kept unusually low recently because of pandemic related production delays. let's discuss this further with out wall street correspondent. why did netflix miss that subscriber tague. well i mean the head of netflix 3 tastings is calling it

a bit off to wobbly appear yet and if you look of the at the expectations for the current quarter netflix actually might only at about 1000000 subscribers a year ago that was more than $10000000.00 it's not so much a competition that seems to be the issue but especially a lot of the productions for shows and films were put on hold because of the pandemic that might change show we did hear from netflix that in most regions of the planet the project productions are back on by the way the on the upcoming weekend we will have the oscar nominations and netflix films are nominations that have 37 nominations sorry so they have been quite successful in the past but right now also it retains dickhead's it's a bit of what. we had talked about the state effects void of business is benefiting from lockdowns that business is like netflix is that stay at home in fact wearing

off now. it seems that way i mean all those streaming services have been on fire in the past a year especially look at disney plots just to name one it took them 16 months to reach their goal of more than 100000000 subscribers it took netflix about 10 years to achieve that goal right now if you look at the average subscriber they're actually having on average 4 paid subscription so for streaming services in october that has been 5 and we have a drop off rate of about 37 percent so that is pretty high and just some the nicole evidence i mean i've talked to some people and they're saying well they're just jumping on and off so they're waiting for a new show that they want to see so they sign on to a subscription and then afterwards they cancel the subscription and wait for the next big hit so yes people are getting a bit more hesitant that they're choosing

a more what to do and what not so this seems to be a bit of a slowdown in the streaming market. in new york thanks for bringing us up to date. now let's take a look at some of the other business stories making headlines around the world to talk is being sued for billions of euros over the collection of children's dater in europe the landmark legal case is being brought by a former children's commissioner for england it's alleges that take collected information such as location data and phone numbers without the consent required in the u.k. low. air travel is set to cover slower than expected according to global airlines body i.r. to a pretty reach 43 percent of pre-crisis levels during 2021 that's lower than the previous forecast of 51 percent the industry is now projected to lose 47000000000 dollars this year. and $128000000000.00 of reserves of gone apparently missing from the central bank triggering an outcry that the main opposition

republican people's party wants the government to explain where the funds went. the money may have been used to cushion the turkish lira as depreciation against the dollar has currency was struggling even before the call that 19 struck. the turkish president. has now spoken about the issue publicly for the 1st time and what he had to say doesn't. there's no real desire to understand what happened to the $128000000000.00. talk there is nothing accurate. then i've come to some in question. the explanation of it nor the compelling around it from beginning to end it is all lies and mistakes how can you know if you could be reassured the $123000000000.00 of this country have neither been given as

a gift to anyone you know wasted. and chief architect for the breakaway european super league eventis chairman i nearly has conceded the project has failed or most of the 12 founding members have now pulled out your 6 english clubs as well as athletic a madrid and into milan fans including the ones you see here outside chelsea stamford bridge stadium have been celebrating the news which follows an outcry from almost all corners of the game many sorts as a money grab which would gravely damage the. us discuss that further with karen mcguire a football finance expert who joins us from liverpool thanks for coming on to do we business is that accusation fair that the super league was a money grab. it was certainly an attempt by a small group of plops to increase their share of the total revenues within european football they hope to achieve this by taking control of broadcasting in commercial arrangements and by having

a sealed system where there is no promotional relegation the benefits of that was that they didn't have to worry about winning for all matches in order to achieve financial reward so that's taking the football out of the business i suppose is the decision to withdraw from the league as much of a financial one as the decision to join us in the 1st place. no the i think the decision to withdraw from the league initially came from those owners or for all clubs whose object whose are not financial we have a big split in the premier league between the 4 clubs that were the last to leave in the shape of arsenal spurs as little paul and joseph after the 1st little for manchester united who traditionally have been profit maximizing companies and chelsea and manchester city where the owners have taken on an approach of trying to

achieve trophy success and they've actually been the biggest loss makers those 2 clubs came on board to the european franchise project. because they didn't they felt that they were missing out if that if they they weren't as part of it and they ended up being us as the 1st dominoes to fall the number of fans outside of the club's home countries was clearly a factor in and founding the me so will there be disappointment from fans in say africa and asia and elsewhere the decision to scrap. i'm up i think that there will be those people who see an individual club as a as a global entity and therefore its focus should be on meeting they the interests of global fans will have some sympathy with the people that they. are in charge of this project on a domestic level on a local level where clubs are seen as a bastion of an individual town or city and representative of those values that's

where the opposition has laid most most vehemently and just quickly if you can is there likely to any lasting damage to the relationship between the clubs and their domestic fans. i don't think so i think the fact that the cops have listened to it's been positive i think the biggest losers will be the executives of those clubs who have lied to both your wife and their domestic problems karen mcguire from football industry group an expert in football finance thanks for joining us on day to be business like it is staying in europe and the european union has adopted a tough new climate goal is just in time for an environment summit with us for president joe biden nice and sweet and sets more ambitious targets for reducing greenhouse gas emissions and aims to lay the $27.00 member states to carbon neutrality but skeptics warn that a bumpy road lies ahead. climate protection is set to be enshrined in the new law

after agreement was reached on the details following tough negotiations e.u. member states need to be climate neutral in 30 years lowering greenhouse gas emissions to 0. the chief negotiator in brussels says the bloc needs to work together to reach the goal. it must be very clear that the member states are doing its part on this travel towards climate neutrality and it cannot be that some member states are delivering for the rest of. the member states it's really important that all member states work force on their reduction part and also on their sink and how they can remove emissions and that affects every sector especially energy transportation. and agriculture the european climate low could be a guiding light for countries outside the block to i would like you to know that i

truly believe that we take the global leadership and i know that during the e.u. us summit the european parliament helped the european union to take that leadership this week and showed that we are not only doing what we said a year ago we are improving it as well as the new law the european commission also announced plans to provide information andre to us to help investors decide which projects and industries i'm most climate friendly. and lastly a surprising facts for you did you know that the 1st ever rechargeable electrical vehicle was created in france way back in 1818 warm it was built by engineer gustav. and this replica was commissioned to mark the 140000 of the story of its 1st outing on the streets of paris has been reconstructed in a workshop in england by electric vehicle make a map from some of the materials to the pioneering original event its speed matches

its $881.00 counterparts which after averaged. 10 miles at 16 kilometers per hour. that's over me in the business to check out our web site either way dot com slash business also on facebook and twitter. are you ready for some great news i'm christine one blood on the eye on the edge of my car julio with a brand new deed of the news africa. tackles the issues shaping the continent now with more time to off on in-depth look out all the time stuff what's up to you what's making the hittites and what's behind the way on the streets to give you in-depth reports on the inside. w. news africa every friday on d w. w's crime fighters are back. for those most

successful radio drama series continues this season the stories focus on hate speech prevention and sustainable charcoal production. all of the zones are available online and of course you can share and discuss on africa's face book page and other social media platforms. crime fighters to name now. i'm secure in the volume. that's hard and in the end it's a me you're not allowed to stay here and more we will send you back. are you familiar with this. with the smugglers we're alliance of. what's your story. 'd on what numbers of women especially of victims of violence. take part and send us your story we are trying always to understand this new culture.

another visitor another yes you want to become a citizen. in so migrants your platform for reliable information. is so must go on has been the macsyma berlin's cultural scene since the start of the covered $1000.00 pandemic over a year ago and as a result certain industries are booming we'll see how that works and also coming up . as so my birthday for her royal highness prince about the 2nd on wednesday as the monarch turns 95 just 4 days after prince philip's funeral. and german artist jesse structure.