germany's government is intervening in the sale of critical infrastructure to chinese investors german state bank k f w has agreed to take a twenty percent stake in high voltage energy network operator fifty hats fending off an offer from chinese state great but instead it has a strong interest in protecting critical energy infrastructure from foreign influence. control over the distribution of electricity it's important for millions network operator fifty hertz provides transmission in large parts of north and eastern germany including the capital berlin that's one reason why the federal government deems a partial purchase of the utility by chinese investors problematic. on one hand we're naturally pleased that investors invest in germany and purchase businesses. on the other hand given how things have changed in the world we have to look at what business activities what areas are focal points for national security . to be. it because the investor in this case is a state run company trying to meanwhile shields its own market against competition from the west the german government has long pushed

think well maybe a chinese firm she needs it in the federal government can spring in with the german state bank in the un with their pound of. government officials will debate the next case next week chinese investors are interested in a german technology firm. well china is cementing is position as a global economic superpower quite literally the country invests in infrastructure projects around the world especially in africa and asia and in cambodia chinese investment has totally transformed the once tranquil resort of sihanoukville the south east asia correspondent bust and heartache filed this report like every day is preparing his little khmer western restaurant for dinner time. and like every day he knows that he's unlikely to sell out all the delicacies he's putting on display sales for cambodian business owners like have slowed dramatically since the coastal town of sihanoukville has been overwhelmed by chinese tourists. they like their own food and. they come here. most of them they go to chinese restaurants while bill who has lost sixty to seventy percent of his revenue some of the ch

welcome to your business german state bank k f w has agreed to take a twenty percent stake in a high voltage energy network operator fifty hertz fending off an offer from china's state grid but instead it has a strong interest in protecting critical energy infrastructure last year germany adopted legislation making it easier to veto the takeovers of strategically important companies amid concerns china may be gaining access to key technologies that way. it's a project that surfaced recently been heavily criticized by don't much trump that's highly controversial within europe to stream to if everything goes according to plan the nine and a half billion euro project will start transporting gas from russia to europe by the end of twenty nineteen north stream to run along the first pipeline through the baltics to. neighboring coastal states are divided in their opinion about the project finland and sweden have already endorsed it while denmark is still undecided due to environmental concerns the baltic states and poland oppose north stream two due to concerns over europe's dependency on

germany's government is intervening in the sale of critical infrastructure to chinese investors german state bank k f w has agreed to take a twenty percent stake in the high voltage energy network operates a fifty hertz thus fending off an offer from china's state grid but instead it has a strong interest in protecting critical energy infrastructure from foreign influence last year germany adopted legislation making it easier to veto takeovers of strategically important companies amid concerns china may be gaining access to key technologies that way. until it's and joins me in the studio and you've been following this story does germany really need to worry about china switching the power off well i wouldn't worry about china turn up germany's power right now that would kind of be the ultimate black swan event rather i think the german government is actually really kind of concerned about exposure right now i mean china in the last several years has been on a major buying spree throughout the country will throughout the continent really but definitely focusing in on germany and you have to rememb

germany's government is intervening in the sale of critical infrastructure to chinese investors german state bank w has agreed to take a twenty percent stake in high voltage energy network operator fifty hurts us fending off an offer from china's state grid said it is strongly interested in protecting critical energy infrastructure from foreign influence last year germany adopted legislation making it easier to veto takeovers of strategically important companies amid concerns china may be gaining access to key technologies that way. well my colleague on tilton joins me the studio now and you've been following this story does germany really need to worry about china switching the power off well china's which of germany's power would be kind of the the mother of black swan of vents and i really don't think it's something we have to worry about in the near future however it does seem that the german government is worried about its exposure to chinese investment you have to realize fifty hertz provides power to some eighteen million germans for the country and as g.c.c. is a state owned company that

the say off critical infrastructure to chinese invest to get what has that story that's right german state bank k. of w. has agreed to take a twenty percent stake in high voltage energy network operator fifty hertz thus fending off an offer from china's state grid but instead it has a strong interest in protecting critical energy infrastructure from foreign influence last year germany adopted legislation making it easier to veto takeovers of strategically important companies amid concerns china may be gaining access to key technologies that way. now until and joins me in the studio you've been following this story does germany really need to worry about china switching the power off well i wouldn't worry about china turn up germany's power right now that would kind of be the ultimate black swan a vent rather i think the german government is actually really kind of concerned about exposure right now i mean china in the last several years has been on a major buying spree throughout the country will throughout the continent really but definitely focusing in on germany and you have to remember as g

germany's government is intervening in the sale of critical infrastructure to chinese investments german state bank agree to take a twenty percent stake in high voltage energy network operate a fifty hurts us funding off an offer from china's state great but instead it had a strong interest in protecting critical energy infrastructure from foreign influence well last year germany adopted legislation making it easier to veto takeovers of strategically important companies and it concerns china may be dating access to cait technologies that way. and hour until different business has been following this story for us he joins us now good to have you with us arun how realistic the end is the prospect the worse case scenario let's say of china just turning the power off well i wouldn't we be worried about that right now the concerns in berlin really more focus in on what i would just say what i would describe as exposure to influence in foreign powers and critical infrastructure now part of the issue at stake here is that fifty hertz supplies energy for some twenty million germans throughout the north in

bank elvira nebula was a deputy economy mr alexei khujand a close putin advisor and chairman of the accounts for chamber was a deputy finance minister german graf the chief executive officer of the state controlled sperm bank was a deputy minister of state property these people want to make sure that it never happens again on their watch so long as this economic team is in charge there won't be a crisis and russia people criticize us or they question us and they want to know why we're not more quote critical of russia the real question is how come we're not tooting russia's horn more because they are genius during this crisis but that would be i think a little bit you know over the top to simply point out all the good things that they're constantly doing so we just try to take a more balanced middle of the road approach that's you know the fact is that they're making all these other economies look stupid by comparison certainly alvira now. as mark gelman goes on to say he says they have really brought home the lesson of that crisis consider the oil shock of twenty fourteen and twenty fifteen as the price dropped by more than fifty percent the central bank protected its foreign reserve

bank elvira nebula was a deputy economy mr alexei khujand a close putin advisor and chairman of the accounts of chamber was a deputy finance minister german graf the chief executive officer of the state controlled sperm bank was a deputy minister of state property these people want to make sure that it never happens again on their watch so long as this economic team is in charge there won't be another crisis and russia people criticize us or they question us and they want to know why we're not more quote critical of russia the real question is how come we're not tooting russia's horn more because they are been genius during this crisis but that would be i think.

chairman of the accounts for chamber was a deputy finance minister german graf the chief executive officer of the state controlled sperm bank was a deputy minister of state property these people want to make sure that it never happens again on their watch so long as this economic team is in charge there won't be a crisis and russia people criticize us or they question us and they want to know why we're not more quote critical of russia the real question is how come we're not tooting russia's horn more because they are been genius during this crisis but that would be i think a little bit you know over the top to simply point out all the good things that they're constantly doing so we just try to take a more balanced middle of the road approach that's you know the fact is that they're making all these other economies look stupid by comparison certainly elvira in abilene as martin gilman goes on to say he says they have really brought home the lesson of that crisis consider the oil shock of twenty fourteen and twenty fifteen as the price drop by more than fifty percent the central bank protected its foreign reserves by allowin

chairman of the accounts of chamber was a deputy finance minister german graf the chief executive officer of the state controlled sperm bank was a deputy minister of state property these people want to make sure that it never happens again on their watch so long as this economic team is in charge there won't be a crisis and russia people criticize us or they question us and they want to know why we're not more quote critical of russia the real question is how come we're not tooting russia's horn more because they are been genius during this crisis but that would be i think a little bit you know over the top to simply point out all the good things that they're constantly doing so we just try to take a more balanced middle of the road approach that's you know the fact is that they're making all these other economies look stupid by comparison certainly all biran abilene as mark gelman goes on to say he says they have really brought home the lesson of that crisis consider the oil shock of twenty fourteen and twenty fifteen as the price dropped by more than fifty percent the central bank protected its foreign reserves by allowi

last week the german government moved to block china's state grid from acquiring a twenty percent stake in the electricity transmission network operator fifty hertz instead the state bank k f w agreed to take the stake fending off the chinese offer a german government spokeswoman told a press conference today the berlin has a responsibility to ensure reliable energy and protects critical infrastructure but she said the country would be more open than ever to foreign direct investment. let's go live to put it sound financial correspondent in frankfurt. tell me first of all about the ins reaction here i often get accused by my partner of being very defensive when i'm accused of something and that's exactly what berlin sounds like right now. oh no we're totally open to all investments it does sound defensive and so because there is a big backlash actually friday from the german industry that is worried after this move by the government that foreign investors are going to be scared off and rightly so. it is right china's government doesn't courage it's companies to take over strategically important companies abroad and that's also been the explanation for the move by the g

disputes with the united states and china earlier i spoke to mock marco boggo he's the chief economist at germany's possed bank and i asked him what further uncertainty in the german economy could mean for the stability of the euro zone you know of course we would also have another negative impact on the other you countries or e.u. countries when germany's growth comes down because there's very close trade relations between these countries and also on the other hand we have. maybe some sort of postponement in new e.u. reforms which are quite necessary given the vast. imbalances we have seen in the past years so if we see another crisis and we don't have any more economic referring reforms on and you basis or level than the might end and maybe even end of it break up of the in you or you. the thoughts that all of the chief economist of germany's pasta bank that it was a deal to gays in the making german industrial giant to some koeppen india's tata steel automotives they european steel making operations that's high up which still needs regulation the approval is conceived to take on the flood of cheap chinese steel unbalancing world markets. the joint venture comes

states if germany won the war. because germany had announced it was bent on world domination. they already had this interest in latin america. german banks were all over latin america. orfeels like he has to do it there is going to come some really embarrassing incident that will drive the united states into the war. he does not want to be dragged in, he wants to declare war. he stayed out of it saying it was senseless slaughter. if there is such a thing as being -- too proud to fight is what he said after the lusitania. now he has to do a 180 and find a way to come into the war. is phrase in his war address , the world must be made safe for democracy. we are not going to war because we want territory or wealth. we are going to war in the hope of making the world safe. >> the russian revolution occurs lenin, sometimes people put wilson versus lenin for democracy versus communism. what was wilson's view of russia? >> he thought of the bolsheviks as the devil incarnate. it has to do with alliance politics. russia is going to leave the war. the russian revolution occurs because of world war i. that is going to change the balance of power in

a key electrical grid operator electric utility states a great wanted to purchase a stake in fifty heard. it's now the german government backed k f w bank will purchase a twenty percent stake in the operated instead but instead it has a strong interest in protecting critical energy infrastructure last year germany adopted legislation making it easier to veto the takeovers of strategically important companies i meet fears that china may be gaining access to key technologies through takeovers. all right a new record for facebook it's a suffered the biggest ever one day loss in dollar value for a u.s. company social media giant shared a staggering one hundred twenty billion dollars in market value investors it is appointed by weaker than expected growth partly due to the effect of data privacy scandals facebook's costs are also rising as it focuses on tightening security and improving content. a few hours have passed since this massive drop in share price but i'm sure that investors are still digesting it down we'll call parliament on the front and stock exchanges in standing by the idea how can facebook hope to recover from that. yeah tha

last week the german government moved to block china's state grid from acquiring a twenty percent stake in the electricity transmission network operator fifty heads instead the state bank k e f w agreed to take the stake fending off the chinese offer however the government stresses the country remains open for foreign investment. let's get the taken for a good cause because it puts a study by presidential correspondent. so germany is open for business but it sounds like it's going to get a little more selective. yes ben and it does sound like it's going to get a little bit more selective on the chinese side of things there are two cases actually that give that impression the first is the one that you just mentioned with fifty terrorists the network operator supplies eighteen million people with power so it is indeed critical infrastructure and that was also the reason given by the german government a spokesperson said. it is there's a great interest in protecting critical infrastructure of the population and the economy expect a reliable energy supply and then the population in the economy might wonder is there something going on about voters here but there's a second

state investment fund 1mdb. an investigation by the wall street journal newspaper claims ten million dollars from that subsidiary was transferred to mr najib's personal bank accounts. he has denied any wrongdoing. german row which threatened to break up herfour—month—old coalition government. interior minister horst seehofer, who leads her bavarian csu allies, has now dropped his threat to resign. mrs merkel agreed to tighten controls at the austrian border to stop people who have applied for asylum in other eu countries from entering germany. the dutch prime minister has warned that clarity is required on "every aspect" of the future relationship between the european union and britain theresa may is meeting mark rutte ahead of a crunch cabinet meeting at chequers on friday which aims to finalise a white paper on the uk's future relations with the eu, aimed at paving the way for an agreement in the autumn. some 3000 police officers in france continue to be involved in the hunt for a convict who was sprung from prison by a gang using a helicopter. redoine faid had beenjailed for his part in a bank robbery in which a police officer was killed. faid said his lifestyle has been modelled on gangsters playe