the elevated levels of the euro being cited as a major export pairier. euro/dollar, 1.3817.t has steadily appreciated since the middle of last year against the dollar. 1.3833 is where we hit earlier today. but back over here to where the companies are currently talking about, they've all been bleeting about the strength of the euro. is it justified or not snp renault came out after the market close last night. stock down 3% despite gains in pricing volume. the company says revenue has suffered because of several emerging currencies goodness the euro. axa down 2%. it's blaming the strong euro as well as seasonal weakness in life insurance for a slow ondown in its earnings growth. revenues up by 2% compared to 3.4% in the first two quarters. basf, the stock is up 1% today. it says demand recovery helping it to offset the impact of a stronger euro. the world's largest chemical company managing to beat sales in the third quarter. electrolux said it enduringed a negative currency impact across markets as it outlined a cost cutting program. >>> and in france, another company highl

people would just buy one euro for the beer and those which by champagne pay fifteen euros for the thirty euros for the champagne in the german end of the energy market it's actually different people who work the champagne by us would pay something like two euros and all the beer by us would also pay to your daughter to subsidize the champagne buyer and that's basic and the energy market if you buy energy from legacy energy carrier such as coal or nuclear power you subsidize those which demand energy for much higher price and that other renewable energies such as a winter and solar power but when you bring up a huge problem if i can just jump in here to straight for us for a moment though you could you brought up the issue of coal power you talk about renewable power that have nuclear power but i suppose at the end of the day fred transitioning to a new power sources was never going to be easy i mean of course there are going to be some hick ups involved is it as simple as that. i would call to take up some of the german minister of environment even who was a big fan of this transition in

nation gradually exit from the euro zone through a parallel digital currency and how this could help. these countries they left the necessary money to circulate in their countries so that kind of transect works for each other and exchange goods and services and they are being blocked by the euro so people are not spending so what we need is to institute a parallel currency and this is set not historically and you idea you're had that sort of experiment in whole strain the great depression in the thirty's but they didn't read the paper and you know small town cold so you can and it's worth very well before it's all stopped by the austrian central bank in one thing certain streets but no you can't do this for a whole nation that you're seeing and it's drawn x. or the whole mile network so that people can trust that we're going to show that we s.m.s. and know bills and coins and if a government in this depressed congress wants to do needs they can simply start shooting and that is extremely small only by paying their employees east their pensioners and for good sense services. the share

can't be devalued so they're imprisoned in many ways by this euro which is being set by germany but get having a parallel currency would give them a way to devalue their local parallel currency against the euro and thus stimulate the economy in ways that other countries are doing what their central banks correct yeah that's right i mean essentially greece in a situation where they don't have their own currency just like say a dollar us country insults america or an american near bankrupt states so they have no issue of their own europe's and then they should issue their own crisis currency and national currency and the elegant way today to do it do it completely and strongly tell it no build some points and discuss i look over extra advantages right so what we're seeing around the world is the adoption of electronic currencies digital currencies virtual currencies they are powering all kinds of start ups around the world and economies around the world in kenya for example mobile payments and digital currencies and bitcoin are becoming his big going to be electronic currency or crypt

billion euro zone has to be one hundred million degrees with some talk among. themselves from st petersburg to france the trouble in situ the song. we've got the future of coverage. his lover. of. my dreams. but he couldn't hold on to their race such a thing. now she runs her own amazon factory. challenge to make. a whole smoking under even coffee is forbidden they worship the earth. and water. and learn martial arts. will he ever be able to win back. his woman. mission free cretaceous three sons four judges free. range humans free risk free studio time free. and free broadcast cloning video for your media projects and free media. dot com. drama. stories others refused to notice. faces change. the picture of today's leaves. from around the globe. i know c.n.n. the m s n b c news have taken some slightly but the fact is i admire their commitment to cover all sides of the story just in case one of them happens to be accurate the truth. that was funny but it's closer to the truth and the might take. goods because one whole attention and the mainstream media work s

city full of billion euros he says to be one hundred feet million degrees with some talk among. themselves from st petersburg to france we believe such a song. we've got the future of coverage. the fact that the military practicing in at any given moment in palestinian towns on palestinian people you know doing false arrests which is basically like like a normal wrist that you actually drag somebody out of his house in the middle of the night don't a difference is that the person that you are arresting is not really wanted for anything this is just for practice for training the soldiers now obviously one of the reasons that it's being done is in older to actually train the soldiers which is problematic by itself but i would say that if you look at the whole of the testimonies of hundreds of soldiers you will see that the main mission of. the. tear the palestinian society as a whole not just the gunmen men women and children everybody needs to be afraid of you because that creates effective control over the palestinian population. one hundred days remaining. in. the days of fleet

euro euro assets whenever it can go into things it's been going to euro shack losses and things like that being. rise of gold has been significantly impacted by many bric countries i think if you can increase in their purchases so west governments across the world have been trying to dollar ice issues but when it is the global global currency it's rather hard. so yeah they can they can talk about wanting to do all right and reduce. their holdings of dollar assets but it's it's almost impossible you know i mean you could start by especially when you talk about the chinese reserves you can still bring up entire countries you're. going to say the chinese in the process of buying up a great deal of africa but that's not what t. bills is that it it's with other assets i mean they're not turning these into the united states and going into africa they're stuck with these things so they're part of the nation because of this i mean even before this. recent brouhaha in washington there was a trend of wanting to detail the rise and to spread your assets and russia china has been on acquisitions

the final bill is set to reach 5.4 billion euros. leastlikely to be at another three years before the system is up and running. when it is, authorities hope it will keep the city of water dry. writer who has been called the moral memory of the soviet union received the peace prize of the german book trade. she accepted the award at a ceremony in frankfurt. sufferingdocument the of ordinary people in the soviet union during events likes dahlen's purges, the soviet war in afghanistan, and chernobyl. she lives in belarus, even though her books are banned their. you can find out more about her dw's in-depth interview this week. thanks for watching, and do join us again at the top of the hour. >> the nobel committee in sweden honor the best in various fields. the prize for medicine came first on monday. two year it went to americans and a german scientist for their research into how human cells transport molecules. all three are based in the u.s. >> it was a total surprise. i did not expect it at all. >> on tuesday, the nobel prize for ph

trying to sell outside the euro zone. that will be a big challenge. and i don't think the economies are as robust. i think they're up and down all over the place. between spain and italy, of course. throw in croatia and some of the other spots. i think germany, obviously, strong. but i would much rather be with the united states, betting with these companies. you get the foreign exposure you want by being in the u.s. >> jim o'neill, the former chairman of goldman/sachs, assess management is in london, and he'll join us in a moment to take the other side of this trade. where is, perhaps, the best opportunity that -- where is the money -- this is what i asked yes. where is the money going to be made in november and december? >> well, i'm going to go a little bit further out than november and december. that's a little tough to call. i think over the next three to six months, relative valuation basis, look at japan. no one is talking about japan. we're in this massive sea of liquidity, global central banks easing, and who has

maybe it's impact has been felt on the euro exchange rate. we are now at 1.35, 1.36 to the euro. whether the consensus sees the equilibrium rate up around 1.20. on the other side, the exchange rate does not have an official exchange rate target. this is not part of their fundamental charter. i'm sure during the press conference later today, we'll see many questions about the strength of the euro. and i'm very keen to listen to mr. draghi's answers because, obviously, you know, he should be concerned that he can't say too much about the euro. this is not part of the charter. >> well, the official mandate of the ecb, of course, is price stability, i.e., inflation. inflation, the eurozone is far below the target. do you think there will be another rate cut? >> clearly, it's the inflation rate is well below the ecb target, inflation is not an issue in the eurozone at the moment. the issue is really the recovery, the strength of the recovery, and the monetary union and how it works. many times, mr. draghi has said that it's a fragmented union that we have at the moment. the transmissi

euro euro assets whenever it can go into things it's been going to euro shack losses and things like that being significantly a rise of gold has been significantly impacted by many bric countries significantly increasing their purchases so when governments across the world have been trying to de gaulle arise issues but when it is the global global currency it's rather hard. so yeah they can they can talk about wanting to don't arise and reduce their. holdings of dollar assets but it's it's almost impossible you know i mean you could start by especially when you talk about the chinese reserves you can still bring up entire countries are. going to say the chinese in the process of buying up a great deal of africa but that's not what t. bills is that it it's with other assets i mean they're not turning these into the united states and going into africa they're stuck with these things that they want for the other part of the nation because that is i mean even before this. recent brouhaha in washington there was a trend of wanting to detail the rise and to. dresses and russia china's been

the price valued royal mail at 3.9 billion euros. friday, it was around 5.3 billion euros. the government is denying that the british public was shortchanged. i bet there are happy investors out there. >> i am sure there are. have a good week. stay with us. we have media watch. you have been looking at online reaction to the decision to award the nobel peace prize to somebody -- rather, an organization. the opcw, the chemical weapons watchdog. >> that's right. a lot of people commenting on that decision online. because of the fact that it was such an opaque, little-known organization in terms of its international profile, this has firmly put a spotlight on opcw for the work they have been doing over the last many years gathering signatures of 190 countries for the chemical weapons convention. very much behind the scenes work and dangerous work, for example going into serious to dismantle chemical weapons. many are commenting that the opcw is a worthy winner. a news website one of their founding journalists and editors said this is a very worthy nobel peace prize winner. the

court orders powerless forcing companies to comply with european laws fines running into billions of euros are designed to discourage anyone from violating the new law snowden's findings actually. forced e.u. political groupings to reach agreement over an issue that has caused a two year gridlock well among the priorities of the new law is that limiting data collection to the minimum necessary which also is protecting an individual's right to erase any private information stored online let's get details now joining us live here on r t alexander dicks at the berlin commissioner for data protection thank you so much for coming on our big hello to you from the entire r.t. news team here in moscow why is the e.u. doing this trying to protect citizens private information protect it from who or first of all the european commission has proposed this measure already in january two thousand and twelve well before edward snowden initiated these revelations on the n.s.a. program but the this measure has been debated controversially for some time and now thanks to mr snowden's revelations there seems

euro/dollar, 1.32358. we did nudge up a little earlier on today. aussie/dollar has come back from its 4 1/2 month high after it looked like inflation was going higher sxwt reserve bank of australia will move. sterling up a little bit. but the dollar is still on the back foot generalry, as well. reports suggest that bad lobes trip tripled. chinese banks wrote off over $3.5 billion in unrecoverable loans. let's get more on what happened in asia today. sixuan. >> thank you for that, ross. most asian markets came under pressure today. the nikkei 225 had its worst day in about 20 days as a stronger yen hit exporter stocks. china markets lost ground with profit taking and smaller cap stocks after the recent gains. this, for example, some media and agriculture shares took the brunt of the selling. but on the other hand, banking shares, in fact, got a boost this after pingan bank's strong results. and the shanghai deposit lost 1.2%. the shenzhen stumbled over 2%. the hang seng index lost 1.4%. over in south korea, did kospi down about 1% in australia's asx

have gone from around one trillion euros in two thousand and eight to lessen hoth of that now so as a consequence it's perhaps not surprising to you that investors they are losing interest our german utility company they've seen their share price drop seventy five percent since their peak in around two thousand and seven and this is what we see of the company has to say about that synonym press to talk so while the energy companies are losing patience our money the environmentalists will they are pleased but the question is can they global economy and the average consumer afford renewable right now war can it afford not to worsen at least was the best of both worlds and house just authorized the construction of a new nuclear power plant the first in a generation to rebuild by a french led consortium under according to the plan will help power the grid for fifty years and fred roeder director of the young voices international advocacy group says conventional energy is needed to because green power pushes up prices. imagine you have various consumers going to a grocery store or a superm

euro increases in strength that will actually increase its users as what about increasing its status as an alternative reserve currency though. oh yes the american government he has been thoroughly debased by. successive us presidents have always been. always been to questioning the status of the dollar which has been devalued constantly time and time again and there will be a possibly a time when people will actually finally think that the us the dollar is no longer a currency that we can rely on and i will look for other currencies such as the pound the yen and of course the euro until course that finally breaks up as well the euro has of course significant problems which will not go away as well well there you are sitting in one of the world's leading financial locations london but of course so is the u.s. just held damaging will this debacle be for its reputation globally. very damaging it's the common crisis with the shutdown in of the u.s. government and public servants not being paid that will harm economic growth that undoubtedly and of course if there's a. default on america

also, from the euro skip the -- euro skeptic party. the debate where you can join the conversation on facebook and twitter. #f24debate. the latest death toll now stands at 274. our team went to the southernmost island closer to africa than to mainland italy. >> dozens are lined up close together on the second floor of one of the cap derricks. the young men resting here are from eritrea most with few or no personal belongings and they are exhausted after a grueling ordeal. one of the survivors agreed to meet our team outside of the camp. the barbed wire here does not stop anyone from wandering outside. out of sight behind some trees, recounting the last tragic hours of his journey at sea. >> 500 people, 16 children, 85 women. the coast was only a few hundred meters away. >> on average 300 and two people were killed. >> for many, the journey is not in your. >> am looking for a country with a strong economy because we are told there is no work here. it is not all sorted out yet, but i want to go to switzerland. >> they fled hunger, povert

euro they were to come our way where. reassurance and great you're going to rebuild for a very wrong. reaction to the flood of questions over n.s.a. spying the white house has said it will review the security agency's programs and may narrow its research and search but there's already a strong a lobby against any scaling back among the u.s. political elite and as a director general keith alexander has become one of the first officials to join the ranks of all those challenging the initiative saying he believes extensive spying was entirely with the security americans gained from it he was a backed by diana find stain a senior senator from california who expressed confidence the there was nothing in the n.s.a.'s actions and finally to follow vice president of other us former vice president dick cheney said actual knowledge can always come in handy in the name of security it seems are for now if these washington is getting off lightly with the scandal that's the view of president rafael correa the socialist leader an outspo

since portugal signed a seventy eight billion euro bailout deal back in two thousand and eleven some have referred to it as the poster child of us thirty but with high unemployment and a surge in emigration we've come to take a look at the state of portugal's economy two years on like most mothers raquel wants the best possible future for her nine month old son but born in the midst of a deep recession this family hasn't had the easiest start when we decided we wanted to have a child who had no idea things would get this unstable then everything just broke down and we had to just make a decision was going to become one of those record the. children of europe when she takes him to join her husband george he's currently working as a nurse in the u.k. despite unemployment falling slightly to just under seventeen percent is still the fifth highest in the eurozone meaning record held george and what not the only long distance family jumps in portugal hard to come by emigration has soared and it's estimated that more than one hundred thousand people here and leaving the country. it's not b

one day or so it almost doubled two hundred euros it was not possible for me to pay. across europe energy prices for homes have risen by seventeen percent over the last four years one of the reasons for price rises is the subsidies being paid out for solar and wind energy germany is set to spend five hundred fifty billion euro on a plan to take eighty percent of its power from renewables over the next thirty seven years those costs being passed on to the concert that's why it's being sold on the message that it's either wind energy or radioactive catastrophe this plays in these fears and makes money for the wind energy providers after the fukushima nuclear disaster germany increased its commitments to ditch atomic power bases seen more coal power plants having to be built to take up the slack the increasing cost is causing problems for manufacturers from the our industry is suffering big companies may decide that it's just too expensive and look to relocate. despite remaining heavily reliant on coal as a source of power germany sees itself as a trailblazer of renewabl

it would take many years and millions of euros to clean this water don't let them look at them i have that is what i have been eating here for thirteen years when i want to resign clean and my husband was a fisherman and we were leaving thanks to seem that all did they have to fish for on the road again there is an edible and my husband is out of work if the riva were cleaned we could leave well from it. go to the government is responsible for the state of the battleground a good long look what happened to it this river runs right through dhaka how could they let this happen why the government does nothing. the human ecological consequences are nothing short of a catastrophe. the world trade organization has ruled that alternatives must be brought up to international regulation re standards by two thousand and fourteen but bangladesh finds itself in a catch twenty two situation now to continue developing its booming leather industry and at the same time respond to the health and environmental concerns of its population. to deal with the situation the department of the environment has

will see anyone illegally transferring data out of europe potentially hit with billions of euros in fines. this hour's top world headlines live from moscow it's r t with me will receive thanks for joining in for today's program robin hood like subsidies for green power are driving the e.u. towards an energy crisis now this according to europe's top utility for the problem they say is a billions in handouts a killing innovation and competitiveness and the results are there for all to see and let's bring them up for you looking at the cost of energy in the e.u. and elsewhere in china for example a kilowatt hour is going to cost you around seven cents in the u.s. a few cents more double that though and you've got france where at least though the prices are kept a bit down due to the out of nuclear power but almost double that again and you've got germany over here twenty seven cents that's four times higher than china well needless to say it's bad news for industry at a time when the e.u. desperately needs to get back on its feet and certainly economically speaking germany though has found a

it would take many years and millions of euros to clean this water though did a little more than i have that is what i have been eating here for thirteen years when i want to resign clean and my husband was a fisherman and we were leaving thanks to seem that on today the fish from the what it is inedible and my husband is out of work if the river were cleaned or could leave well from it. not go to the government is responsible for the state of the boat aground a good long look what happened to it this river runs right through dhaka how could they let this happen and the government does nothing. to human an ecological consequences are nothing short of a catastrophe. the world trade organization has ruled that all turner is must be brought up to international regulation re standards by two thousand and fourteen but bangladesh finds itself in a catch twenty two situation down to continue developing its booming leather industry and at the same time respond to the health and environmental concerns of its population. to deal with the situation the department of the environment has appointed m

this industry generates over three hundred fifty million euros per year for the country. and has very bad suburbs the capital dhaka around three hundred tonne there is a cheaper field of twenty five acres producing the clothes and leather goods that flood the international market. and more than fourteen million skins are treated every year in the slum warehouses in tanaris sit side by side. and nightmare situation for which we westerners are also responsible i heard my i. all skins arrive like lists. every day in each one of the factories we're in one of the has very bad tenure is an average sized factory employing around thirty workers it's here that the cycle of leisure tending begins. every day around one thousand tonnes of skins arrive directly from albatross all over the country to be stored in this hangar. goat in callsigns arrive coated in salt so as to avoid rapid decay. but if you want to say i was in the morning we get the deliveries and we cover the skins and lie rinse them and drive em how they was next after applying the chemicals we place them in the tanning

euro dollars, below 1.36. the yen, 96.88. 96.93. we were on fresh five-week lows for the dollar against the yen. the pound just above 160. we were over 162 last week as well. so that's where we stand with markets. air bus has turned the tables on boeing winning its first ever order with japan airlines to sell 31 a-350 jets. the landmark deal has a price tag of $9.5 million with the option to nearly double the sale. carrie is 450here with the late. how much of a landmark deal is this? >> reporter: in terms of numerical figures in the big picture, perhaps not a lot. we're talking about 31 aircraft and the option to buy 25 more although $9.5 billion list price for air bus is of course a big win for them. i think the significance of this deal is the fact that it actually happened. there was a window of opportunity created for air bus with the grounding of the dreamliner 787 earlier this year because of the battery problems. there were questions as to whether or not they would be able to take advantage of that. after all the years, a of

the euro making slight gains. as for the big takeover in europe's mobile phone market, shareholders have voted in favor of selling their german counterpart. >> it would create germany's biggest mobile phone operator if it is approved. >> the name e-plus is hard to find nowadays. germany's third-largest mobile phone provider is known as a low-cost option marketed under a different name. it makes up for poor network coverage with prices that undercut competitors. but they could soon disappear from the german market. that is currently led by deutsche telekom, 37.5 million customers, followed by vodafone, with eddie 2.2 million -- with ready to .2 million -- 32.2 million. >> from the point of view of mobile phone users, the mobile customers would have contracts with the operators. it is a disadvantage because if anything, it damages competition. from the point of view of shareholders, for those buying shares in the companies involved, it is an advantage because the sheer size of what is being created can lead to an in

with billions of euros of. syria where the state broadcaster are too afraid to appear on television. targeted by rebels trying to stop the government message from getting out stories coming your way in just a few minutes. for the meantime here on the british public things that are politicians rarely tell the truth and are unlikely to own up if indeed they make mistakes but a recent poll shows just how little faith people in the u.k. for those elected to represent themselves. hits the streets of london to find out. cash for questions selling access to the prime minister and of course m.p.'s abusing their expense accounts the story that just keeps on giving all of these scandals and more have come together to undermine the moral capital of politicians and the amount of trust the able to command with the public a poll done earlier this year said britons think politicians tell the truth less than all real estate agents don't and nicholas allen co-author of a new book on ethics and politics says this creeping loss o

jez growth in the euro zone's fourth biggest economy grew no point one percent in by exports and with the country's main stock index there having gained a fifth this year with foreign investors becoming attracted once again to the nation's markets. well when it comes to the real economy the story is quite different domestic demand from mainz france and even though unemployment has fallen slowly thanks to a busy to a season over a quarter of spanish people stand on employees and one in two young people still unable to get a job so to get a better idea as to what's happening to the spanish economy i'm joined right now by steen jacobsen from sachs a bank so stephen as we know the spanish economy managed to drag itself out of recession. we've got a growth of no zero point one percent now can i just get your view what do you take from that no point one percent growth. sort of enough. you have to remember it is very easy for a country like spain to create a little bit of growth because the base i.e. the number you compare with was already very low so everything being equal it's good that sp

will see anyone illegally transferring data out of europe potentially here with billions of euros in fines. well good morning to you from the entire news team here in moscow it's now nine am on monday i'm sure sushi with the hour's top lines robin hood like subsidies for green power driving the e.u. towards an energy crisis this according to the europe's top utilities and the problem they say ultimately is that the billions in handouts are killing innovation and competitiveness and the results for all to see looking at the cost of energy in the e.u. and elsewhere china for example a kilowatt hour is going to cost you around seven cents though in america a few cents more double that and you've got france where prices are at least kept down by nuclear power almost double that again though and you've got germany at twenty seven cents that's four times higher than china on the list of. say that's bad news for industry at a time when the e.u. desperately needs to get back on its feet economically speaking certainly germany though has managed to find a way around it instead of taxing busin

a good set of results for bankis. 362 million euros is to compare with a huge loss of 7 billion euros loss last year. the bank set aside a huge amount of provisions to cover potential losses on its property. in terms of business condition, the weak spanish economy still having a negative impact on the recovery of the banking sector here. the net income which is basically the profit made from loans dropped to 29% of the first nine months of the year. that was in line with expectations. the radio was at 13.6% at the end of september. it's higher than the average of the spanish banking sector. the trend since june is quite modest. not as much as we're seeing from bda. we're trying to see about the solvency ratio of the bank. we'll see about bankia tonight on the closing bell. >> the c of bankia, leo poll doe alvear a little bit later. >>> a shaky start for chinese banks. it increased by a lower than expected 9.4%. its weakest growth in five years. gains in net interest income away by high provisions for bad loans. margins have been under pressure for rising bad debt as well as beijing's

and others say no actually i would like to buy a bottle of champagne for thirty euros in the german and energy markets actually different people what the champagne buyers would pay something like two euros and all that get by us would also pay to your to subsidize the champagne buyer and that's basic and the energy market if you buy energy from legacy energy kariya such as coal our nuclear power you subsidize those which demand energy for much higher price and that other renewable energy such as a winter in solar power it's a bulletproof investment at the moment to build a wind well in your yard or to put some sort up on notes under your roof government is subsidizing the no you need to actually afford these things and then you get together and treat fries for every kilowatt hour you produce that's a bulletproof investment and a lot of people are doing this because it's a good way to make money but at the end it's us consumers paying for it. as an alternative the u.k. is pushing twenty six billion dollars into building the nuclear plant since the fukushima disaster of twenty eleven

will see anyone illegally transferring data out of europe potentially hit with billions of euros in fines. from the entire r.t. news team a very good morning to you it's now ten am here in moscow. with your top headlines for this hour robin hood like subsidies for green power and driving the e.u. towards an energy crisis so this according to the europe's top utility for their problem but they say it's ultimately billions in handouts are killing innovation and competitiveness and the results for all to see let's bring them up for you here on the program looking at the cost of energy in the e.u. and elsewhere in china a kilowatt hour is going to cost you around seven cents in america it's a few cents more double it though and you've got france although there is some savings going on there due to nuclear power they're almost double that again no we're talking germany twenty seven cents per hour that's well four times higher than china well needless to say that is bad news for industry at a time when the e.u. desperately needs to get back on its feet certainly economically speak. germany has

euro of future potential litigation costs. so, you see, a lot of money is going into those funds, which is, of course, having a detrimental effect on fre tax profit. a slump almost 95% to 18 million euro for deutsche bank is nothing in terms of pretax profit. net profit was 51 million euro in the third quarter, helping by cuts. that's trading, which is, of course, the big cash cow for deutsche bank in normal team, slumped 48%. if you compare that to your big ubs competitors, because deutsche bank wants to be compared to them, they want to be the top five investment plays, big player there. u.s. competitors fixed trading component, only slumped by 25%. bat nud for deutsche bank. other losers here on the german market set. >> annette, thank you very much for that. one of the prmpers today is ferrovial. 2.6% higher after posting a 2% rise in profit. i was looking at this stock. the performance so far this year is very solid, despite a brief dip in june. let's get over to stephane for more. stephane, reaction has been fairly posit

this industry generates over three hundred fifty million euros per year for the country. and has a very bad suburb of the capital dhaka around three hundred tonne there is a keeper field of twenty five acres producing the clothes and leather goods that flood the international market. and more than fourteen million skins are treated every year in the slum warehouses and turner is sit side by side. and nightmare situation for which we westerners are also responsible i heard i. was. skins arrive like this every day and each one of the factories where in one of the has very bad tenure is an average sized factory employing around thirty workers it's here that the cycle of leather tending begins. every day around one thousand tonnes of skins arrive directly from albatross all over the country to be stored in this hangar. go to arrive coated in salt so as to avoid rapid decay. but if you want to say i was in the morning we get the deliveries and we cover the skins and lie rinse them and drive them out with a was next after applying the chemicals we place them in the tanning drum

either they put 4 euro, 2 euros, or zero money into the account.nvestments are anonymous, but the participants can see the total amount going into the pot. here's the objective. if at the end of ten rounds the pot of money gross to 120 euros, which is about 20 euros a person, then the team has successfully averted dangerous climate change. [ bell rings ] in other words, it wins the game. each participant then gets a 45 euro price, in addition to the money they each have left over. but if the pot does not grow big enough, the team loses the game [ buzzer sounds ] and they don't get the prize. remember, this is real money, so the players have a real incentive to win. the game was played with three different sets of rules. in the first scenario, the 45 euro award would be handed to participants the next day. 7 out of 10 groups won the game. in scenario two, the cash would be paid out seven weeks later. this time, only 4 of the 11 groups succeeded. in the third, the prize money would go toward planting oak trees, which would sequester carbon, and, thus

have gone from around one trillion euros in two thousand and eight to less than the hoth of that now so as a consequence it's perhaps not surprising to you that investors they are losing interest our german utility company eon they've seen their share price drop seventy five percent since their peak in around two thousand and seven and this is what we see of the company has to say about that tsunami in press to talk so while the energy companies are losing patients money the environmentalists will they are pleased but the question is can they global economy and the average consumer afford renewable right now war can it afford not to. and trade word a direction all the young voices international advocacy group believes the simming lucrative green business is a dead end investment. imagine you have various consumers going to a grocery store supermarket some of them just want to buy a bottle of beer for one euro and others say no actually i would like to buy a bottle of champagne for thirty euros but the german and energy markets actually different people work the champagne buyers would