huge market e-commerce and africa and so far only one in 20 people are making use of it china us ali baba lead international trade platform could change that. also coming up the dockside off orange accord troops the telecoms companies falses drugs employ used to suicide. and the rise of e-commerce expelled bad news for south africa's glitzy mega-mall so. i'm on a good job. and this is do business africa welcome. online shopping is huge in most parts of the world in germany some 94 percent of internet use is over 16 shop online but the situation in africa is very different there are fewer than one in 20 people use e-commerce a huge potential market but there are hurdles regulations such as consumer protection are lacking in many regions and purchases often don't trust online retail infrastructure is another problem if roads are bad reliable deliveries can't be guaranteed rural regions often don't have street names house numbers and payment systems are often in adequate despite this potential online retail giants have been cautious amazon for instance invested in south africa and 2013 after

ali baba uses the a link platform to help with statistical analysis machine learning and with generating personalized product recommendations one hurdle may be understanding the descriptions as for now these are mainly in chinese. much of china cyberspace remains cut off behind a great fire wall so the fact that chinese tech giant ali baba made the algorithms behind its ai platform public is a hugely surprising step one open source developers probably dreamed about in the pioneering beginnings. when the computer age was software was free to use then came the 1st companies that sold software for money and slowly programs became proprietary secrets the open source movement was a response to this development idealistic coders wanted to reintroduce freely accessible code and to this day open source those key principles it's free for everyone to study and use access develop and distribute. and everyone should contribute something. among the best known open source projects today are the firefox browser the operating system linux and the online encyclopedia. but open source software is not free

ali baba uses the a link platform to help with statistical analysis machine learning and with generating personalized product recommendations one hurdle may be understanding the descriptions as for now these are mainly in chinese. much of china cyberspace remains cut off behind a great fire wall so the fact that chinese tech giant ali baba made the algorithms behind its ai platform public is a hugely surprising step one open source developers probably dreamed about in the pioneering beginnings. when the computer age was done software was free to use then came the 1st companies that sold software for money and slowly programs became proprietary secrets the open source movement was a response to this development idealistic coders wanted to reintroduce freely accessible code and to this day open source those key principles it's free for everyone to study and use access develop and distribute. and everyone should contribute something. among the best known open source projects today are the firefox browser the operating system linux and the online encyclopedia. but open source software is not

because of the ali baba i.p.o. just last month that actually gave a lot of credibility and a lot of confidence has resurged in hong kong and the u.s. and other western powers continue to show support for hong kong does that kind of ease some of the tensions for investors who are keeping money in hong kong i think it does but then because of the uncertainty that we see right now there are actually a lot.

because of the ali baba i.p.o. just last month that actually gave a lot of credibility and a lot of confidence has resurged in hong kong as the u.s. and other western powers continue to show support for hong kong does that kind of ease some of the tensions for investors who are keeping the money in hong kong i think it does but because of the uncertainty that we see right now there are actually a lot more inflows going into singapore into australia right now i think hong kong are still going to be on the backburner until in 2020 when you get a much clearer picture of whether or not there's going to be a resolution all right so with those other asian markets well. while markets in asia and the u.s. gained amid high optimism analysts reiterate that we still don't have a trade deal signed yet and there are still a number of things that can go wrong further details including structural changes to intellectual property rights remain unclear and as a trumpet ministration is splitting hairs between the right and wrong tra

help them to to to open the door to new markets but is there a downside to the fact that it is 8 ali baba led platform what does it mean for for african for homegrown competitors. well i think it will for the time being i really don't see a downside into it it would increase the cost to do business imo this is small and medium sized enterprises because now they would have to work harder to produce quality products that can be marketed for the trainees. population so that would indirectly pressure them so to say to live up to a certain standard and that's good for increasing the quality of productions from from the ethiopians again this doesn't address the the basic problem that they have for example the foreign currency the on the on the ground for them to import things that are essential to increase their productivity and also the quality of their production is this doesn't address that this has to be addressed by the government in ethiopia but for the time being this is the kind of linkage that the alibaba group is trying to create between iris in china and the producers in africa write

driverless car technology is heating up in california chinese start of auto xpect by e-commerce giant ali baba has applied to test self driving vehicles without an in-car backup driver in the u.s. state this makes auto x. the 1st challenger to google's autonomous driving venture. instagram says new users now have to provide their birthdates so far they normally only have to say they are at least 13 years old the move could stab child safety legislation lawmakers and family groups in the u.s. britain and elsewhere say the af exposes children to inappropriate material. trump u.s. treasury secretary steven the new chin wants countries like france to suspend new taxes on global tech giants he prefers an agreement on international taxation the organization for economic cooperation and development or deep u.s. has threatened 100 percent tariffs and reprisal for france's digital tax on companies like amazon and google. and wanda has signed a deal with french soccer club. to show visit wanda logo on their banners and shirts how much want to pay for the 3 year deal has not been disclosed english club a

by economist john ali baba applied to test driving vehicles with all that in car back up driver in the u.s. state this makes the 1st challenge it to google's autonomous driving. instagram's says new users now have to provide that birthday so far they only had to say they are at least 13 years old the move could stave off child safety legislation lawmakers and family groups in the u.s. britain and elsewhere say the app exposes children to inappropriate material. south african airways is to receive a $274000000.00 lifeline it's part of a government plan to prevent the company from collapsing it includes while the government is calling a radical restaurant restructuring process last month the strike force the airline to counsel hundreds of flights. to deal with french club. to show visit rwanda logo on. how much roundup paid for the 3 year deal was not disclosed in english clubs are already of a similar agreement with the government or. easy. to form small a nimble too large and powerful there are multiple uses for drones unfortunately not all of them are safe just this summer drone got t

. >> ali baba? >> i never use ali baba but internet companies face greater urban density, they have a longer standing history of integrating the physical world with the online world, it is quite remarkable what they have done. they are ahead of amazon and americans underrate that and not sure the chinese do. >> what about pete buttigieg? >> i'm not sure how he is rated. i've liked what he has seen of him. i like having a mayor be president, someone who is used to solving problems and realizing is not just the voters of their party there working for. i would like to see him be rated. there is a not that i don't know. i'm not rushing to judgment but i see encouraging signs. >> game of thrones. >> my wife and i last week sat down and said it has been so long, we have to try one episode. for the first time we watched one episode. fantastic production values better than most movies. it struck me is too complicated. i didn't care, a mishmash of super contemporary and retro almost vaguely offensively. i lo

that would break records and top ali baba's debut back in twenty fourteen. it would value the company about one point seven trillion dollars beyond the likes of apple or microsoft. arm k kosher's will e listed on the riyadh stock exchange and a large majority sold to domestic or regional investors. that stake still represents only one point 5% of the overall company the rest remains in the hands of the saudi state. the chinese tech tried while way has filed a lawsuit against the us federal communications commission. last month the fcc voted to bar american firms from using federal subsidies to buy equipmentt from one way. it's papart of the trump administration the broroader efforts to limit of always expansion. the compapany says te crusade is now harming american consumers coming up like has more. s. one way the chinese telecoms giant is often a u. s. court to overturn a ban on its equipment. off to the federal communications commission forbade carriers in rural areas of the west from using federal funds to buy huawei products. citing security concerns con

was and as you point out this is a $5000000000.00 isn't really a lie and a lot of that is due to ali baba because of the alibaba i.p.o. just last month that actually gave a lot of credibility and a lot of confidence has resurged in hong kong and the u.s. and other western powers continue to show support for hong kong does that kind of ease some of the tensions for investors who are keeping money in hong kong i think it does but then because of the uncertainty that we see right now there are actually a lot more inflows going into singapore into australia right now i think still going to be on the back burner on tell in 2020 when you get a much clearer picture of whether or not there's going to be a resolution all right let's talk about those other asian markets well. while markets in asia and the us gained amid high optimism analysts reiterate that we still don't have a trade deal signed yet and there are still a number of things that can go wrong further details including structural changes to intellectual property rights remain unclear and as a trumpet ministration is splitting hairs bet

billion dollars in its initial public offerering beaeating a previous ipo recorord held by china's s ali baba. i think that's the value of the company at one point seven trillion dollars as a new one and a half percent of the company will be publicly traded. market has recently had a blue mini vestments with major cities benefiting from multi billion dollar infrastructure projects. but that's rampant inequality in the country the v. many in rural areas feeding left behind can we not unlike has more. beautiful landscape. not belies the crushing poverty of the people who live here. many don't have access to running water or electricity the nearest hospital or school is many miles away it is driving villages to despair. we live a difficult life in our situation is not good we want to change our lives for the better the film that we wish to live in the city and live like other residents in a clean environment with electricity and schools. we suffer from health issues and can't get medicine. manyny of f the counts were real communities feel left behind his basing their standard of living stuck mat

8.48 dollars and 53 cents per share raising $25600000000.00 and beating the previous record holder ali baba's 2014 listing this will give the company a market valuation of $1.00 trillion dollars when the shares start trading on december 11th the listing is oversubscribed soliciting biz of nearly $4.00 times with the saudi government claimed it wanted meanwhile the i.p.o. pricing came as the saudis were locked in discussions with opec and members of the so-called opec plus like russia to restrict oil production the o.p.'s opec plus group appears very close to an agreement here. this week was a bit of a mixed bag for the markets as global trade and certainly hit a fever pitch with china and the united states not be able to get on the same page in finalizing phase one of the landmark trade deal that has been news all over the world let's start with the mo x. exchange in russia which is down slightly on the week but there is some good news that the world bank reported the country's economic growth will be higher than expected and will continue to pick up over the next few years now in shanghai th

if it tops the 25000000000 dollar listing of online shopping site ali baba well meanwhile speaking of oil opec says that it expects to deepen production cuts later this week but still has to get agreement from allies like russia which is not a part of opec and instead is part of a grouping known as opec plus opec plus has been curbing output since 2017 trying to counter the oversupply as a result of booming output here in the u.s. which has become the world's biggest oil producer and will not be taking part in these cuts. time now for a quick break but hang here because when we return there has been a major shake up in the tech sector as google continues facing heat from regulators to do walk ins of simpler trading joins us just after the break to dig into the recent moves and how a trust threat may have played a role plus a new space for. this is heating up but with some new actors and with some new goals are to correspondent. helps us understand how companies are racing to launch their own stellar explorations as we go to break here the numbers at the close. in a world of big. and c

architect for mar-a-lago unlike any other structure that it continues to amaze to this day in the ali baba setting raining in palm beach culture for more than 40 years until the day she died with all those luminaries. >> question a moral force even couples off the dance floor pulled off that they were getting too close or suggestive. >> yes progress stemmed from the fact her father ran off with the secretary when she was young she idolized him and that was a disappointment later she had to put up with a series of indiscretions from hutton when she discovered later in life the man she married was cheating on her with another fellow from the opposite team was too much to bear but she never lost interest in men. even pushing 80 she would quarrel with her daughters the actress nina merrill about wanting to date as she put it you're not one has to sit around this place all night. >> question but she never lost interest in that estate. >> answer she loved and was worried it would be torn down after she died. she tried to give it to the state and the federal government to be used as a retreat for

. >> i have never used ali baba so actually there is a longer standing history of orintegrating and it seems to be quite remarkable that they are ahead of amazon i'm not sure the chinese do. >> i'm not sure how he is rated i like the idea of have mayor be president realizing is not just the voters of the party they're working for i would just like to see him a lot i don't know i'm not rushing to d judgment but i have seen some encouraging sign signs. >> "game of thrones". [laughter]y >> just last week we sat down and said we have to try one episode it was the very first time we watched one episode the production value is better than most movies it is complicated it was a mishmash of super contemporaries i didn't love it i could see how somebody could get into it so it is overrated. >> so let's go to questions we have 24 minutes speak clearly into the mic. >> my question is talking about people as consumers to consume they have to have an income do you think it's reasonable the richest man in the world pays his workers nothing at a performance center they get ten or $12 an benefits limi

a ali baba held out with a strong listing. joining us now with more on these chinese tech giants. >> that's right. it has been a mixed bag for the chinese. if we kick off with bidu the chinese advertising market has been very weak part of their business is around advertising. you've seen increased competition in the search market they dominated the popular social media app tiktok has stepped into that space. they are trying to look at new avenues of growth. they have a video streaming sort of like netflix that is big revenue growth putting the bets on new areas the likes of driverless cars it could be a big player in the future in this space let's move on to perhaps the best performer that is alibaba. the core commerce business has continued to perform well. a lot of concerns about the chinese economy, the slow down and what that might do to the chinese consumer alibab shows though consumers continue to flock on line. this company continues to perform well in the cloud space. revenues up 64%. that is a big boost in the future

beating out ali baba founder and elon musk for the title.d grow amazon from an online book store to the largest marketplace, perhaps the honor isn't that surprising. >> now we are talking about jeff bezos in the same sentence with mo microsoft and apple ceo, amazon has really infiltrated our lives. >> a lot of people would agree, he's certainly a visionary >> all right he can move forward with that. >> speaking of another person, the upcoming wework television series has cast its lead best known for playing cousin greg will take on the role of ad neumann. countrily working on a movie script both of them are 6'5". >> they have matching heights and a matching look. cousin greg does not look anything like this he doesn't play into that. the interesting thing is the time of this it seems so soon after we saw the fall of wework to be turning out a series on it >> to be fair, they don't have a rollout date or a network, apparently these things take time and they are already jumping on the rights to the story. >> if all you need is a ch charismatic

a ali baba leader and tesla elon musk came in second and third. compared to other tech companies known for their benefits bezos says he's happy amazon doesn't have the same type of culture as its peers >> we pay close attention to the benefits but we have not paid close attention to the country club or whatever perks of the moment are i always had a bit of skepticism that i always worry people will stay part of your company for the wrong reasons. you want people to stay for the mission. you don't want mers farries at your company, you want missionaries >> that was a teaser of what the results looked like. a more comprehensive look, head on line to cnbc.com. >>> coming up, staying on the sidelines, the federal reserve holds interest rates steady with a long pause on the rin.hozo more in a few moments. th for th. they never stray from their predetermined path. but this season, a more thrilling journey is calling. defy the laws of human nature. at the season of audi sales event. >>> welcome back to the show, the federal reserve has held rates steady

points and nasdaq up about 30 points as well >>> saudi aramco will raise $25.6 billion more than ali baba's initial listing it means aramco is more valuable than apple with a value of $1.7 trillion. our colleagues joining us from outside that opec meeting. guys >> hey, as much as we love talking about that aramco ipo, i want to discuss what we ar doing here on the sidelines of the opec conference. in 30 minutes, we'll start to see the arrival of the opec plus ministers for the meetings to commence we are talking about cuts of 500,000 barrels plus per day we are always seeing these ministers arriving i got to tell you, sources have told me, listen, in theory, there is already a deal to the cut. what is happening later today is finalizing that. we are talking mainly about russia, aren't we? >> exactly this deal is coming together it will be interesting to see how these cuts are divided it seems like some sort of deal was agreed to towards getting the russians on side that is significant because this alliance is crucial for the overall deal to be able to go ahead. >> absolutely, this will spea

ali baba is at an all time high. should i sell?d not the stock has had a big move recently, but it took a hit this year because of fears about the china trade war. it have under a lot of pressure. it really shouldn't have been because this is about the chinese consumer and about alibaba being the controlling factor of the internet sales and commerce in china. it's back on track we think that it has a strong runway and we feel that 2020 will be a good year for it >> okay. for jon from sleepless at florida. >> oh. hope you get some rest. amarillo near term. buy or sell. >> i would hold on to it if you don't have it, i would add it to your portfolio i've had it since december 9 or 11th up 9% since then i think it goes back and tests the old highs quickly. it's one of those semiplays into ces. >> and from william in california, how about three top tech picks for next year he's not greedy william. >> he wants to be diversitied. >> i'm going to give you three companies centered in california how about that intel electronic arts and googl

an awful lot invested in hong kong we got a reminder of that actually just a few weeks ago when ali baba one of the biggest corporations in china was floated on the stock market here in hong kong why because there is no other stock market in asia that could handle a flotation of that size so china needs hong kong to succeed and to survive the question is what happens next at the moment there is no quick solution to the unrest here in hong kong the government as i say remains impervious to the growing calls for more democratic reform and for a commission of inquiry into alleged police police brutality but the for a moment as i say kerry land is not listening to these demands i think she and her government as well as a leadership in beijing are simply hoping that this protest movement will eventually run out of steam but that for the moment doesn't seem very likely. adrian thanks very much. in a crowded market in india's capital new delhi has killed more than 40 people laborers were inside sleeping at the time at least 60 a been rescued it is the worst fire in the city in more than 2 decad

we've got another reminder kemal of the importance of hong kong to china just a few weeks ago when ali baba $1.00 of the biggest corporations in china decided to float on the hong kong stock market now the reason for that is of course there's no other stock market in asia that could handle a flotation of that size but nevertheless it was another important reminder of the importance of hong kong to china and also let's forget if china. did intervene militarily it's still possible unlikely i think that that would be a tacit recognition the china's leaders have failed in their bid to win hearts and minds since the handover 22 years ago thank you adrian brown in hong kong the thoughts now of staved sang who is the director of the china institute of the science university of london he expects the protest in hong kong to only continue over the coming months he told has had change in terms of nature and focused from this summer when it all started in june it was about the n.t. is about the extradition you now deportation is really not about the extradition bill it is about governance in hong kong

$3000000000.00 of its shares that will suppose the previous record set by chinese online joined ali baba back in 2014 but it still falls short of saudi arabia's original targets. the french government says it is very determined to implement a controversial new pension scheme french unions have called for more strikes and demonstrations next week against president emanuel micron's plans announcement was made as hundreds of thousands of public sector workers went on strike for a 2nd day now this is affecting transport. and hospitals as well from the pass. on the outside one of the main train stations in paris is the needle busier than it was yesterday when all those train services were caught there are some trying to running about a 3rd of railway workers are actually at work today you can probably see behind me a poster now that's telling you about some of the metro services because several of the metro lions have also been caught so getting around in paris is very difficult indeed and you are seeing people on their bicycles and scooters is pouring with rain and that's making it a lot har

the biggest rotation in history, bigger than ali ba ba biggest rotation in history, bigger than ali babastors are mom—and—pop investors and saudi aramco but also institutional investors so it is still 98% owned by the kingdom but technically it is not. a quick look at the markets out us stocks in particular arejumping. we have seen global hives across the board the markets, very much lifted bya board the markets, very much lifted by a single tweet, donald trump, saying that he is very close to a deal with china when it comes to ta riffs deal with china when it comes to tariffs on those talents coming in on sunday on a range of goods that will be about $156 billion worth of goods. fingers crossed! we shall see. thank you, victoria. at this time of year, hedgehogs are usually fast asleep, hibernating for the winter. but not this year. there are fears that mild autumn weather meant hundreds of baby hoglets were born too late to hibernate. john maguire reports from a rescue centre in gloucester to find out what's being done to help. there we go. here he comes. so, he's had a strimmer injury,

ali baba has been to aberdeen, a brand—new training ground.orking7 but he is working his backside. you will be on the programme tomorrow. brilliant. recovering. doesn't sally do one of the last bits with him? yes, tomorrow. knowing sally, probably the last five metres! you are in trouble, when you see her! it's cold up trouble, when you see her! it's cold up there. thank you so much. we are on at midday, see you then. enjoy. on rugby now. ulster maintained their 100% record in the european champions cup pool stage by beating harlequins for the second week in a row. last weekend, there wasjust a point in it, but last night the northern irish side thrashed quins by 34—10 at the stoop. scrum halfjohn cooney ran in two of the five tries in the bonus—point victory. ospreys remain bottom of their pool after losing to racing 92. michael van gerwen has moved a step closer to defending his world championship darts title. the world number one is through to the third round after beating fellow dutchman jelle klaasen. van gerwen is looking to win the tour