will win the match at wembley stadium, and if you doubt the elephants credentials, you should bear in mind that she's correctly predicted the outcome of all 3 of germany's games at the euro's so far. why? pretty good soccer herself coming up next business news with my colleague, janelle doable on big news about facebook. she'll tell you all about it. i'll be back to the top. the next hour. thanks for watching the news . the in many countries, education is still a privilege hungry is one of the main causes. some young children work in my child

. instead of going to class can attend classes. only finish working the millions of children all over the world can't go to school. the we ask blind because the education that makes the world more just the make up your own mind. w made for mines the facebook joins the trillion dollar club, the dismissal of major antitrust complaints against the company has sent it share price surging. also on to show on your face races on, we look at how smaller and cheaper satellites are making their mark on the final frontier. this is the w business. i'm janelle tamala,

and welcome. facebook's market value has now edged beyond a trillion dollars for the 1st time. investors rushed to buy stocks after a u. s. judge dismissed major anti trust lawsuits against the company. the federal trade commission and $46.00 state attorneys general, sued facebook for anti competitive behavior, alleging its rapid growth had come at the expense of consumers. but a district judge has now ruled. there's lack of evidence that the company is a monopoly. our financial correspondent, ash, band days, joins us now from frankfurt. after tosh. what does this court decision me in the, for the ongoing efforts to rein in big tech in the us? well, jeanette, for one. it is a reality check for the government for thought it makers who are looking to rein in

the big tech. it just shows that if they are to act against the big, big they've been, that action must be based on facts. it must comply with the law of land. it can just be driven by political reasons of motive. otherwise, it would not stand a chance in any court. that's like the big take away from this ruling. now this could also prompt those authorities to actually double down on the efforts reading the big tech. and we are already seeing that layout. in the case of google, where the justice department has actually stepped up its broke into its digital ad business. okay, so due process is really important, but this facebook anti trust case was thrown out, of course, because apparently over a lack of evidence, what evidence does the regulator now need to show? so basically the court felt that the f t c could not stablish what this personal

social media market was, which the other players and how they were suffering because of the facebook dominance, 60 percent market share that it commands this space. and that's really the 1st thing one need to establish when it comes to cases like this will deal with monopolies and the f d c field to do that. now it will be interesting to see what the strategy going to be going forward, because they have the fees most likely to re file the case. and this time under the leadership of lena, con, known critic of the big tech. interesting to see how they will rewrite their arguments from here on thank you very much. sure. josh van de, in frankfort for us and now to a new gold rush in space, the number of satellite circling the earth has skyrocketed in recent years. in 1959, there were just 2 satellites in orbit, but today there are well over 3000,

and that's just the beginning. private companies are scrambling to conquer space at a rapid pace space access star link project. the loan has permission to put 12000 satellites into orbit in 10 years time. there could be at least $16000.00 satellites and orbit 5 times as many as today. the rush to space is proven by falling prices 25 years ago, pay log payload cost per kilo was $22000.00 euros. today, it costs only a $1000.00 euros, and those prices are expected to keep falling to less than a 100 euros per kilo. no wonder then that more and more companies are looking to the stars data from space will be key to unlocking new technical innovations in the future. navigation, communication, earth observation, more satellites are delivering ever more data. a huge market. according to this

startup in berlin, we are convinced that every major industry will be affected during the next 10 years by civilized data. so to give a very precise example of what we can do with the federal data, for example, monitor infrastructure with all across the globe, but also went into a mines mine to agriculture, fears my into a forest and so on. really for every global question, this and onset from space, my v o evaluate satellite images with the help of artificial intelligence, german rail operator deutsch, yvonne is one of their customers from orbit. it's possible to see where the trees are growing too close to the tracks. it help safety personnel do their job more efficiently. data analysis can also be useful for monitoring power grids and pipelines. we have customers from australia to europe, to the us, south american. so on. just at the beginning of this year, we've analyzed the entire us transmission and nearly 1000000 kilometers with overhead lines as a read, there's no limitation to what satellite data can monitor in terms of scale and

nearly nothing in terms of scope. satellites are getting smaller and cheaper. the company, astro fine, has established itself as a supplier in the field. these reaction wheels can be used to steer satellites and align them with the sun. they're packed and released into orbit from boxes like these clients to be the reason that small satellites are starting a revolution is because the barrier to entry is not that high anymore. if you build very large satellites that carry a lot of instruments, it costs a lot of money. but if you make the satellite smaller, many garage, the components, take advantage of the increase inefficiency, and then you can put something into orbit faster with pocket sized satellites, that cost maybe 300000 euros. and then you can launch your business model. stop the industry is on its way from the workshop to mass production. giant weighting tons

are turning into smart swarms that provide seamless data the raw material of the future and far more, i'm joined by walter palliser, who is an executive board member of the german aerospace center in bon welcome. first off, can there be too many satellites in space? i can imagine the risk of collisions, for example, wouldn't that be bad? yeah, good morning. first of all, thank you for having me and you absolutely right. it's kind of kind of crowded around to the alarm to globe and the traffic becomes an issue. and this is the topic we have to handle with was agreements. and we are working in the entire governmental agreements with united nations to come up with a solution for this topic now is spoke of multilateral organizations like the united nations. but the and the space sector was, of course,

once dominated by public agencies. what can make of the rise of new space startups and private companies getting in on the game? yes, actually there's a reason why why we have a significant change and we monitor it and we see for, for quite some time now a few reasons. and in the, in the report, most of the reasons were jeff mentioned by many tories ation. it was mentioned that that said lots become cheaper and so it becomes cheap to enter. the business is much cheaper and the risk lower, so you don't have to spend millions for satellite anymore. it's just a question of a few $100000.00 or dollar and launch cost getting lower as well due to the fact that said lot, the larger the cost for launch is getting, getting easier. but this is only 1. 1 part why we have to change to the so called new space. actually the initial, for my point of views,

as the initial condition of the new space, was that a nozzle changes purchasing process that they change the way how agencies are on the market up to now. and this is something we in europe have to do as well . at least from my point of view is that the agencies in the past actually said exactly what they want to have and they even order and not i've changed this process a little but that they offer now for service. so they create the market. they say, hey, we are willing to buy some kind of service, for example, some, some of our service for so many millions or billions and now it's up to the private market to come up with our 1st. so everybody can actually step in and to say, k, we can, we can offer you a solution for the the press you have for the service you are asking for. and this is the fleet, please change the process. so it sounds like you are for europe opening up more to

our private to private companies. how is europe doing as a competitor in the space race relative say to the us or china? well, to be honest, i think we maybe not in the 1st robot we are catching up. as i just mentioned. there's a you can space agencies on one side, but also the industry has to adapt to this. no process was a few processes. and as this on one hand side on the 2nd part of which is actually making this transformation is a bit more difficult, is that the size of the market in the us is so much bigger. the same in china. and us, we see more than 40 launches per year of costs and payloads, with more than $40.00 payloads off actually, a few times as much as, as 40 launches, am the same in china. and in europe,

we have not, not even 5 institutional launches pay years. so the market size is much smaller, so the ring to invest in the much smaller market is on a lower level. and this is something we have to develop. walter pelzer is an executive board number of the german aerospace center in bon. thank you very much. you're welcome, 2nd, having me now let's take a look at some other business stories making headlines. china could see it's economy grow by 8.5 percent this year. that's according to the world bank. strong consumer and business sentiment are leading to higher domestic demand. exports are up to, however, the lender warns that further complications with the panoramic could put a damper on any improvements. as the pandemic cap tourists away from bangkok took the drivers found it hard to make ends need, but korean k popstars have thrown them a lifeline. yep, you heard right. here's the whole story. until recently, some on thomas,

i had no idea who jessica chill was. now her face is helping took took drivers to make ends meet, even without tourists. the banners showing chung a key pump star on top of the vehicle at least makes him a bit of cash. he are in $600.00 bought for about 16 euros for it each month, bumping along and must be fired alone. and i mainly got a lot of foreign tourists during the pre coven era times. don't use, took tongues. they normally take taxi's. now, during the pandemic ever since the cape pump fans came to us with their banners. more people have been stopping by to take pictures of the took took and more of the fans are choosing to take took, took law. maybe some of the time government says that there are 9000 took, took in bangkok, a few 100 drivers have already profited from the cape pop fence. now summer on time,

i can just about get by. but he can only dream of pre pandemic times when he earned about 40 year olds per day and driving foreign tourists around. and it's unlikely, but thailand will lift its strict measures on tourism in the coming months. that's it for me. and the d. w is a pain for me or you can always go to d, w dot com slash business also follow us on social media. thank you so much for watching. who's the worst nightmare of the drug, get the most powerful mafia group in europe. prosecutor nicholas terry. his victory, a massive trial against the criminal organization for which date witnesses and the victims. families are eagerly waiting. one prosecutor's battle against the mafia.

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