the euro fell to a record low of a c. five cents to the dollar on october twenty sixth two thousand. things improved two years later when the currency was launched as cash in paper and coins that confidence the euro climbed reaching a record high of nearly one dollar sixty. but the two thousand and eight financial crisis shook the global banking system. the euro also took a hit within a couple of months it lost a fifth of its value. times remain turbulent for the common currency the twenty ten greek debt exacerbated the situation and in danger of the euro the european central bank jumped into supporters and the currency lost significant value in twenty fifteen amid another debt crisis in greece and the conflict in ukraine but it started rising steadily afterwards. the euro is now the world's second most important currency more than three hundred forty million people use it in europe but times have still remained stormy for the common currency. brazil's new president has pledged to kickstart the economy. the policies of pr

the euro also took a hit within a couple of months it lost a fifth of its value. times remain turbulent for the common currency the twenty ten greek debt exacerbated the situation and in danger of the euro the european central bank jumped in to support this. and the currency lost significant value in twenty fifteen amid another debt crisis in greece and the conflict in ukraine but it started rising steadily afterwards. the euro is now the world's second most important currency more than three hundred forty million people use it in europe but times have still remained stormy for the common currency. brazil's new president has pledged to kickstart the economy. like the policies of u.s. president trump. says he wants to put his nation. the private sector whatever his plan the country is drowning in debt it's going to be a tough job for his finance minister this is paolo gadget is the man in charge of turning brazil's economic fortunes around a u.s. trained economist he's pledged to introduce a host of free market reforms. here he is back in october telling the media

the euro against the dollar at 1.1403.ow you the bond markets, the other thing to keep an eye on. these are the five's, tens, that steepened. the 10 year bond futures we've got in there, a death cross on the 10 year treasuries, where the 50's cross under the 200 day moving average but we have seen esther george purge the fed to be patient. urge the fed to be patient. bundre looking at the market, lower, off by 12 pips at the moment. nejra: that fives, 30's curve catches my attention because we spoke to steve major yesterday who said the next move in the u.s. curve will be steepening. not only do you expect a fed pause, but further ahead, cuts and more easing from the fed. let's turn to europe because yesterday we got data showing germany slowed to its weakest in five years last year. number comingpi out, the december final cpi up 0.1% month on month, up 1.7% year on year for november, 2.3% year on year. numbersan eye on cpi out of germany, that economy in focus after comments from mario draghi yesterday saying the slowdown

just on the sixty five euros each climbing to almost ninety by media and almost one hundred ten euros by the end of the year that's a rise of more than seventy percent within a year. many analysts recommend investing in. its like this more conflicts equals a greater need for security more defense expenditure this is indeed that's the change in the legal. and in general the arms companies in different ways depending on what's in demand well profit from that. most shareholders probably don't even know that they profit when ryan mittal sells bombs to crisis regions investors with money in the day confound for example the fund which belongs to germany's banks is one of the biggest shareholders. or people with money and global investors one major fund did recently decide to divest to try and match our shasta. an exception. as long as the majority of investors aren't interested it will only play a minor role for the share price is the way out friday may be allowed but people keep on investing in it. because it's maybe the state has to intervene it will. so. we join parliamentarian mao to be

to two hundred fifty million euros. toward the business of death is growing and the fact that it's not happening here at the wars are taking place somewhere else does not make it any better everyone on this planet has to live with the consequences of these wars while leaders talk of fences and walls i find that unacceptable and it must be stopped. in this township in the a me. it vicinity of the rhine mentality and now munition plant the investment from germany is most welcome in the battle with massive unemployment. and. it is critically important that we have to look at ways to create jobs. but as you know sustainable way that is what rudd matal promises in south africa as it plays the nice alms john that does something for poor communities equipping schools even donating chemistry sets. it will even get children to be able to do hands on experiments themselves instead of just looking at the pictures and it takes and expecting them to actually understand when it's a practical experiment. very practical and you have a

the euro fell to a record low of a c. five cents to the dollar on october twenty sixth two thousand. things improved two years later when the currency was launched as cash in paper and coins that confidence in the euro climbed reaching a record high of nearly one dollar sixty. but the two thousand and eight financial crisis shook the global banking system. the euro also took a hit within a couple of months it lost a fifth of its value. times remain turbulent for the common currency twenty ten greek debt exacerbated the situation and in danger of the euro the european central bank jumped in to support this and the currency lost significant value in twenty fifteen amid another debt crisis in greece and the conflict in ukraine but it started rising steadily afterwards. the euro is now the world's second most important currency more than three hundred forty million people using euro but times have still remained stormy for the common currency. is an increasingly popular cropping cambodia which is a special variety that can. p

we were doing quite well by the euro why is our most conservative project it's. this is a new global food of capitalism financial capitalism. to find out how the system works sociologist brooke harrington first trained as an asset manager. it's a global profession and that's why i have to go to eighteen different countries you know from the cayman islands in the b.v.i. all the way out to the cook islands in the middle of the south pacific to the seychelles and morish is to new york and london and switzerland all over one of the things you learn and wealth management school is to regard the world as kind of a legal financial shopping mall and you go to each different state in the world the way you would go to shops in a mall picking out the laws and the conditions that are most favorable for what you want to do or what your client wants to do with a particular asset so what you have to know is a wealth manager is where's the best place to get the laws that you need to do what you want to do with the art collection or the hot or the family business. the family offi

extra seven hundred fifty euros. with design packages and a choice of drive trains an optional technology and to go on all space can be configured for sportiness or off road competence our model with all wheel drive and one hundred ten kilowatt diesel delivers a maximum torque of three hundred forty new meters at one thousand seven hundred fifty yard. pm perfect for leaving paved roads behind. that the right holds some something to go on all space by saying it writes well and is a smart choice because it's cheaper than the tour reagan roomier than its competitors and ordering the third seat row means having to choose between having space for seven people or for a lot of luggage but not both if you could pick. a . gasoline engine electric motor or what with together the three ways a hybrid car puts out power hyundai hasn't changed that and yet the japanese are taking a new path with this c.r.-v. well the more powerful electric motor provides the propulsion the two leader four cylinder engine serves as a pure supplier

his boss on the other hand has been able to build up millions of euros and i sets. can the god live on what he earns from me that's what counts if he can then i have done my job as an employer if i pay a guard so little that he can't live off a salary then i've done something wrong with pfizer money so you think comparing him with you is nonsense of course it's nonsense i've stayed home from work due to sickness three times in thirty years i ask my guard how many times he's been out sick five is slipped disc i come to work if i have a forty degree fever or a come to work if my wife quarrels with me and keeps me up all night i still come to work as my security guard off with comparing us isn't fair or correct this is too for miscarriage in this mistress does it as if he will he ever be able to afford a house with a full litany of course not but he does not want that i know my security guards i know my caretakers. would you like to trade places with her grown or. die since i didn't say yes right away i guess if i had to answer spontaneously my first answer would be no

the euro climbed, reaching a record high of nearly $1.60.ut the 2008 financial crisis shook the global banking system. the euro also took a hit. within a couple months it lost one-fifth of its value. times remained turbulent for the common currency. the 2010 greek debt exacerbated the situation and endangered the euro. the european central-bank jumped in to support it. and the currency lost significant value 2015 amid another bt crisis in greece and the nflict in ukraine. but it started rising steadily afterwards. the euro is now the world's second-most important currency. more than 340 million people use it in europe. but times have still remained stormy for the common currency. ben: pepper is an increasingly popular crop in cambodia. it is home to a special variety, the kampot pepper. it has received the eu's geographical protected status. much like italy's gorgonzola. it is dramatically changing things for the local pepper bumper crop is expecected thisis indust andnd a yr. rereporter: this could be the ch crop for one of asia's poorest c

fourth-quarter revenue comes in at 5.5 9 billion euros. the estimate is 5.53 billion euros. the comparable sales up by 1%. the estimate was 4.1%. we are seeing some beats across the board on these numbers coming through. does that mean celebs is holding up? -- phillips is slowing up? perhaps the company has weathered those. we will be asking the phillips ceo who joins us for his first interview of the day in just 15 minutes time. we are waiting for numbers coming through from sap, but before we get to those, let's take you through what is happening in the markets. yesterday, we saw weakness in the u.s. session led by these bellwethers of the economy. caterpillar with its biggest quarterly profit miss in decades. sales to the negative side. futures pointing lower, down .2%. week for text, but the dow futures in the negative. of course, we have the trade tensions weighing over everything. these new criminal charges against huawei means we are seeing the yen bid earlier. dollar pretty much unchanged at 109.83. if we take a look at sap, last quarter, this company, when they spok

ben: on the 20th anniversary of the euro, has it been a help or a hindrance to euro's economy? ben: hello, and welcome to "bbc world news." brazil has a new president for a new year. jair bolsonaro, a right-wing politician and former military officer, has been sworn in as the new president. is is the moment the formeres prent michel temer handed it over toresidential sash jair bolsonaro, the country's first far right leader since the 1980's. this ceremony happened outside the presidential palace ine ront of a hugowd. katy watson reports from brazil. katy: an historic day for brazil, one that jair bolsonaro and his fans probably never expected could happen. but he made it, and for the next four years this will be the man in charge of latin america's biggest economy, a man who promised to ledi brazil down a erent political path from that of his predecessor. in front of dozens of world leaders and amid tears from his --heers from his supporters, he was handed the presidential sash, and once again repeated his campaign promises of changing the way brazil does politi. pres. bolsonar

hundred fifty euros and if you safety instructions later i'm ready to go. my other ancestors the japanese are a bit more careful when it comes to handling weapons in this case that's the japanese katana the summarize sword usually they don't use chop us but they're making an exception for me today. my teacher is me. she shows me idol the japanese art of handling the sword the dame is to use the cutter not to kill an imaginary opponent or so yes go go career you first aim for the center of the body. and then you swing out of the one where you were going on for. on the shooting range the opponent is a skeet you're missing there from if we have to shoot and destroy the orange skeet in mid-flight we're all in vision. long ago. from your god it. open it first then celebrate. weirdly it's a lot of fun especially when you hit it it was a good feeling. just. one shot at the skeet costs seventy five cents. the cheapest shotguns cost around a thousand euros an expensive pastime and it can be dangerous as well. what happens if i were hit. how far away are you. if you'

euro-dollar. euro weaker following soft pmi's.. 3.ro-dollar at 1.135 i want to know whether the president thinks the risk is balanced. tom: we will get that in a minute. important for us a bloomberg. one of the few politicians at davos, but worldwide who has actual business experience. here we go, unilever as well. so much to talk about. john wants to go the distance from amsterdam to rome. we will cover this. coming.it is distance nowthe from netherlands to brexit. hall, henry the eighth, antwerp, the nexus of capitalism. his capitalism in london at risk? mark: i don't believe so. it is not good. brexit is not good for europe or for the u.k. it will be a smaller economy. it will have less of an impact on world stage after brexit. i am negative. jonathan: we don't know what it looks like. mark: they leave the eu. on which terms? negotiated? no deal brexit? in any case, they will leave. that is not good. jonathan: city of london, from euro perspective, the city of london needs to flourish to provide the type of financing europe nee

shirt that sells for nine euros yes we do we've got lots of items that sell for less than nine euro. not true an obviously we don't earn with every quarter with every article but on average we make a profit item selling for nine euro's are part of the model. unfortunately my jacket won't sell on the side because it's not a name brand there is only real demand for these. what about buy a new phone the device i want comes with picketing and a thirty month guarantee that's more than a store would give it's going for five hundred seventy euro and the price could go up. with the market situation and the availability of the model we might very prices from day to day could. i decide to stick with my old phone after all it still works and not buying anything is the most sustainable approach. as the first i phones hit the market in two thousand and seven one of apple's biggest competitors microsoft had steve ballmer made the following comment there's no chance that the i phone is going to get any significant market share no chance he was well wrong but there are inventions that do in fact flo

it now expects net profits of around one billion euros for the year in maximum. the irish low cost carrier said it sold more than expected but much lower prices. the company said overcapacity in the sector was to blame. the c.e.o. of treaty publishing stepped down weeks after a the company rejected a a takeover rom a a a rival pubublisher.. he wilill be replaced by knight. they include newspapers such as the "chicago tribune" by "new york daily news." the u.s. federal grand grande jury h has indicted four more managers of audi in connection with the diesel gate and cheating scandal. audi's luxury unit of german car vivideocassetter vololkswagen ta admitted in 2015 to secretly selling software to evade the government emissions test and pleaded guilty in 2017 to o thesese charges. >> despite weeks of protests, srsrupting the retail sectctor, france saw a record number of tourists visiting the country last year. many had switched from sleeping in expensive hotels to staying in short-term rental homes like airbnb. the company is set to pay 4 million euros in the ack

euro in fixing the leaks and building a new war structure. despite water being paid for through general taxation no tax exemption was planned for the irish as a counterpoint for the new charges by satisfied. again and forcing more than made against abel's worse as many irish people feared they would end up paying for watcher twice they saw the proposed introduction of meters and charges as yet another austerity measure and the establishment of irish water as a first step towards water privatisation. starts real to the centers of disease office and i would says of course we all know privatisation is ultimately envisaged. and then there was a letter from the centers of this example saying you're stuck you can say that would you please take these words out of the report. so then the report came back to me was that the towards. following the examples of berlin and it's really a popular vote was planting greece in twenty fourteen the people of this in an e key were asked to take part in a non-binding referendum on whether they were in favor of the

the european union is find mastercard five hundred and seventy millionn euros. auauthorities say the credit card giant limited uses from seeking cheaper payment fees at other banks. mastercard is eueurope's second largestst card provir after visa had cooperated with the fivive year long investigation and said the finess link to historic not current practices. according japan it rejected carlos ghosn's bail request for second time since his freshman document on financial crimes earlier this month. the ruling came despite the ousted nissan chairman offefering to surrender his passport and wear an electronic ankle tag while he awaits his trial. meanwhile here in front of his days as high no ceo could be numbered. a board meeting is reportedlyly being scheduled for later this week after the government the car maker's top shareholder publicly called for you peter schiff. the us justice department has confirmed it will formally request the extradition of a top while way executive. who's been under arrest since december. the incident has sparked fresh diplomatic and ti

into the bundesliga was amadou haidar as transfer to rb leipsic he cost the club nineteen million euros and treads a familiar path he's the fifteenth player to move from red bull salisbury to red bull owned leipzig youth has been a trend among bundesliga signings league leaders dortmund brought in twenty year old argentinian out of the to be as they look to stay ahead in the title race stuttgart new center back on cabot is even younger and another teenager to arrive in the bundesliga is byron's out fun so davies the canadian joins the reigning champions for ten million euros as their only major newcomer but overall it was a quiet transfer window for the bavarians who were unable to make a star signing this january. you're watching e.w. news coming up next in d w business in parts of asia it's the run up to celebrations for the start of the year of the pig so why is everyone at a popular hong kong restaurant ordered dog steaming portions of the honorable animal. to find out. you don't think the five. bursts. home is of species. a home worth saving. given those are big changes and most st

this, after the bundesliga sold them to chelsea for 64 million euros. most expensive of this transfer window. the biggest move into the bundesliga was the transfers are rb leipzig. he cost the club 19 million euro s and treads a familiar path, the 15th player to move to leipzig. youth has been a trend among signings. dortmund brought in a 2- 0-year-old as they look to stay ahead in the title race. stuttgart new center back is even younger and another teenager to arrive is alfonso davies. the canadian joins the champions for 10 million euros as their only major new, but overall, it was a quiet transfer window for the the variants were unable to make a star signing this january. brent: a professional swimmer in egypt has been racking up an impressive collection of medals, despite being just a few years away from her 80th birthday. reporter: limbe3rinring up at 7. this professioional swimmer is s committed to her sport is ever. she trains five times a week at a pool in cairo. >> i'm proof that age isn't ann obstacle if you have the will to do it. if you ha

time now for something to even our serious euro max cat and so they wear off to the scottish capital ed in prague where quite often hardy meat dishes are on the menu this may have been the case in the past but scottish cuisine has come a long way in recent years and in paul what's what's restaurants there is a real variety on the menu including cauliflower in a curry paste so uppity. football which would the fruits of the forest are not only of the sweet for i.t. . i'll take a plant and i'll break it down so i get the smell and see what some of. their memories get evoked by so you've got out in the smal or a sick just smile and you know any stuff think you know how can i take this in green and it into my my saw cuisine style. which would of been his own restaurant in edinburgh in two thousand and seven on the menu you'll find everything from scallops with the starter dust to his version of scotland's. national dish with which fiction. is really sort of evolving now this does that there's a preconception around the world that it's all deep fried and all the healthy you know we've got

fifty and two euros fifty a kilo. ysaye really don't get much but if you live frugally you get by we try to get by on it. these are packing love is also in charge of the housework on her home plus the farm and the grandchildren. she still heats water the traditional way on a wood burning stove in the living room she needs a lot of hot water and therefore a lot of wood her annual would supply costs between two hundred and two hundred forty euros in georgia average income is under three and a half thousand euros a year. the club would come forward we save money so we can afford the wood but sadly there are a lot of families who don't manage what we're doing better than some we can pay for firewood the poor families current reform is going to have. the men collect the wood from high up in the forests of the carcasses mountains. they're still allowed to fell trees here. go get a hit let's say is twenty seven. he comes here regularly. go to estimates that each and every house in his area consumes about two to three trucklo

and up by one in good condition today will set you back over a million euros. and next time i'm driving test driving mercedes. and bye bye beetle says farewell to a long standing favorite well especially addition. to the. family. bringing the. challenge is transforming people's lives fine storming. into a new two mountain community is bringing in extra city to places that has never had to be part of this energy revolution for the residents of these villages the challenge is that some king also morocco. is to. go to the fore. the fast pace of life in the digital. shift as the lowdown on the web showing new developments and providing useful information to the wiki is fine and interviews with the makers and users. shifts in forty five minutes double. time for an upgrade. how about furniture that grows old buying. a house with no room. for design highlights you can make yourself. trends tips and tricks that will turn your home into something special. upgrade yourself with d w's interior design channel on you tube. celebrate one hundred years of college and join our

the euro softer following the pmi's, euro-dollar softer by about 1/10 of 1%. the ecb president acknowledging the picture we all see already is that there is a downside, and in many ways, at least on the surface, i see an ecb president behind the curve on this. tom: i would go back to the word grind, like you grind out your party nights here at davos as the euro is grinding weaker. the german 10 year yield grinding weaker. there is just a grind. jonathan: in the next couple of ecb meetings i think there will be increasing calls to see what he's got to help out. tom: we've seen over the last number of hours american banking. we need someone who consults them, provides service to them, and goes back with the big sick and goes back with the big sick accounts -- the big six accounts. the pride of dallas, pennsylvania, mark weinberger. i have spent way too much time in dallas, pa. withingreat about you davos is you come out of the real america. everybody knows that. provided support within the business and consulting community that ey represents. what is the support

i now welcome to today's edition of euro max is a quick look at what's coming up. alice facelifts noise sean stein costume is currently undergoing a major overhaul. alanson x. russian contortionist maria sobs and her special brand of acrobatics.

several hundred euros. qianqian show is also powered by e-commerce kitchen appliances food and other products he talks about can be placed in the viewer shopping cart and delivered to their home via an app and industry worth billions has been created in the space of just a few years successful life streamers earn six thousand euros and more per month some top stars are self-made millionaires but most only just managed to make ends meet lynn lynn's performance is monitored by her agent who gives her tips while she's on air the agencies are in a cut from every digital gift and have a vested interest in helping their life's dream or sell themselves. triple you know fodder for a career in live streaming women need to look good and any communication skills on the. water for men should also look good but above all their shows need to be fun if you're in a sense of humor. you know your own wonder. the agent tells us there are tools to help people meet beauty ideals a digital filter can narrow the lower jaw smooth