of the german chamber of commerce in the gulf states he joins us in kuwait good to have you with us and when we see those images of devastation in iraq it is very hard to imagine that those broken cities could ever be rebuilt again certainly not in the future you'll that what hope do you have for iraq. well i participated yesterday in the business day in the frame of this iraq conference in kuwait and this took place in the hotel and the ball room was literally packed with hundreds of business people so the interest on behalf business on behalf of john business definitely there and iraq definitely has business cases it's huge construction needs on the one hand but on the other hands it's on the third or fourth in the world so there is at least in the long run there will be a loss of revenue to cover part of this ok so there are huge needs no doubt and there is business interest you are telling us but iraqi officials say that they will need some eighty eight billion dollars to rebuild the country right now we are light years away from that what exactly do you think german companies in pa

very small extent not helping for the whole problem a small extent but the association of german chambers of commerce and industry had quite a lot of praise for this coalition treaty saying that the pact did include investments in broadband expanding broadband and also digital education. yes for the infrastructure indigenous has a sation there is something in this contract but unfortunately last very long till this is in place they are talking about finalizing the nets for companies in germany by two thousand and twenty five which is even beyond the legislation that is has been elected now so that takes a long long time and we would have been very glad if this room. in the next coming two or three years ok said not enough and not quick enough that's the judgment from portman managing director of the b d m a all night coalition back. the dow jones has decided to pack its bags and head north wall street continuing its recovery following a series of massive swings over the past few days signs central banks could raise interest rates more aggressively had spotted the volatility and it spread around the w

very small extent not helping for the whole problem a small extent but the association of german chambers of commerce and industry had quite a lot of praise for this coalition treaty saying that the pact did include investments in broadband expanding broadband and also digital education. yes for the infrastructure in digitization there is something in this contract but unfortunately last very long till this is in place they are talking about finalizing the good of it and that for companies in germany by two thousand and twenty five which is even beyond the legislation that is has been elected now so that takes a long long time and we would have been very glad if this room. in the next coming two or three years ok said not enough and not quick enough that's the judgment from portman managing director of the b d m a on that coalition back. modest falls on wall street as the new york stock exchange opened this wednesday investor sentiment looking fairly flat at first following a series of massive swings over the past few days some central banks could raise interest rates more aggressively and spot the v

of the german chamber of commerce in the gulf states he joins us in kuwait good to have you with us and when we see those images of devastation in iraq it is very hard to imagine that those broken cities could ever be rebuilt again certainly not in the future you will that what hope do you have for iraq. well i participated yesterday in the business day in the frame of this iraq conference in kuwait and this took place in a hotel in the ballroom was literally packed with hundreds of business people so the interest on behalf business on behalf of journalism is definitely there and iraq definitely has business cases it's huge construction it's on the one hand but on the other hands it's on the third or fourth in the world so there is at least in the long run it will be also revenue to cover part of this ok so there are huge needs no doubt and there is business interest you are telling us but iraqi officials say that they will need some eighty eight billion dollars to rebuild the country right now we are light years away from that what exactly do you think a german companies in particular

of investment the last corporate tax overhaul here was a decade ago the association of german chambers of commerce and industry praises the coalition pact for investing in digital education and broadband but there's criticism from other groups that nothing much is going to change under another grand coalition we spoke to tito boatmen of germany's engineering association the v.d.m. a he was certainly rather lukewarm about the coalition's tax plans. there is no increase of income tax only very very little to reduce taxes in germany for the time being small things like what we call in germany. are going down but not for everybody only for people with lower income than others so there's not much development in here we're really lacking a reform but goes into the structure and helps companies one thing that is of course a real pity the competition is rising and what we can do to be the number one position in exports for the time being would be of course more innovation and more innovation asks for. tax credits for research and. might come but only to a very very small extent not helping for the whole p

the association of german chambers of commerce and industry praises the coalition packet for investingdigital education and broadband. but there is criticism from other groups that nothing much is going to change under another grand coalition. we spoke to thilo brodtmann of germany's engineering association. he was certainly rather lukewarm about the coalition's tax plans. thilo: there is no increase of income tax, but only very little attempt to reduce taxes in germany for the time being. small things like what we call in germany -- they are going down, but not for everybody, not for people with lower income than others. so there's not much development here. we are really lacking reform that goes into the structure and helps companies. one thing that is a real pity -- the competition is rising and what we can do to be number one in exports for the time being, would be of course more innovation, and more innovation asks for tax credits for research. this might come, but only to a very small extent, not helping the whole problem. daniel: let's head over the pond. the volatility continue

of investment the last corporate tax overhaul here was a decade ago the association of german chambers of commerce and industry praises the coalition pact for investing in digital education and broadband but there's criticism from other groups that nothing much is going to change under another grand coalition. we spoke to tito good man of germany's engineering association a v.d.m. a he was certainly rather lukewarm about the coalition's tax plan. there is no increase of income tax only very very little to reduce taxes in germany or for the time being small things like what we call in germany. are going down but not for everybody only for people with lower income than others so there's not much development in here we are really lacking a reform that goes into the structure and helps companies one thing that is of course a real pity the competition is rising and what we can do to be the number one position in x. sports for the time being would be of course more innovation and more innovation assets for. tax credits for research. might come but only to a very very small extent not helping for the who