again and he left no doubt that that was due to his presidency certainly a lot of companies like germany siemens want to boost their u.s. investments because of trump's latest business friendly tax reforms. it wasn't only about the global economy but also its challenges and wealth play and gender inequality. topics like sexual harassment gender inequality power and injustice were more prominent than ever before in davos this year's event was chaired by seven influential and globally renowned women alongside zero men my hope is that we can collectively demonstrate as has already begun actually that even without testosterone we can actually produce positive constructive energy to deliver solutions that's my goal. men's dominance has repeatedly been a source of discord in davos this year only twenty one percent of the participants are women. and many of them feel more progress is needed and faster. we can make sure that all girls get access to quality education that will be a huge step for these girls and also we need to make sure that no children get married too close a gender gap we need to tackl

siemens is planning to shed a total of seven thousand jobs worldwide mainly at its power and gas division half of those cuts are said to be in germany. for the workers affected it's a bitter pill to swallow especially at a time when siemens is posting solid profit overall well earlier today we spoke to our financial correspondent daniel cope and asked him why the company's c.e.o. said it so urgent about announcing those job cuts well when you look at the numbers of the turbine gas turbine business you can understand what he purines with the urging because sales were down was twenty percent and also profit was down with even more than fifty percent so of course these are very alerting numbers and in the past siemens has been criticized a lot for not reacting very fast whenever there would be changes inside of the market lehman's employees those see all of this very different i was talking to some of them as they were also demonstrating here in front of the frankfurt stock exchange they are not understanding that now the gas turbine business in the united states get expanders and here in germany thousands have to fear that there might

cases offered to expand operations in the us has drawn fire at home because in germany thousands of siemens workers will soon be out of a job the company used to shed seven thousand workers worldwide half of them in germany mainly in gas turbine production in the locations threatened by downsizing or closure there's real anger the company boss has so far been unmoved and that's unlikely to change at the a.g.m. . now for more let's cross over. sending by the frankfurt stock exchange that daniel overall quarterly earnings are up but the profit in the important industrial power business is down which is more relevant to people on the trading floor. when you look at the reaction of the share price of siemens you get the feeling that the overall performance for investors is actually more important and those numbers you mentioned them are actually promising that's why we see actually the shares of apple this morning but yes the gas turbine business is giving the company a some headache when you talk to and investors they are saying that clearly of the future is not anymore with gas turbines but a

has drawn fire at home because in germany thousands of siemens workers will soon be out of a job the company used to shed seven thousand workers worldwide half of them in germany mainly in gas turbine production in the locations threatened by downsizing or closure there's real anger the company boss has so far been unmoved and that's unlikely to change at the a.g.m. . now you may or may not have a samsung smartphone but no matter what brand many phones are full of samsung chips and that is what's driving record breaking profits at the south korean giant samsung slashing galaxy smartphones may get all the glory but revenues there were dow's lightly thanks to increase spending on advertising but the last glamorous memory and processor chips are where the money is fourth quarter earnings giant seventy three percent surround eleven billion dollars on top of strong demand and samsung's as it expects demand for its chips to remain strong. and now it's time to talk superheroes brian and they're right behind me here first off here's a clip from the just released. black panther it's the latest

has drawn fire at home because in germany thousands of siemens workers will soon be out of a job the company used to shed seven thousand workers worldwide half of them in germany mainly in gas turbine production in the locations threatened by downsizing or closure there's real anger the company boss has so far been unmoved and that's unlikely to change at the a.g.m. . now for more let's cross over to daniel kolb standing by at the frankfurt stock exchange daniel we see somewhat of a mixed picture here siemens overall quarterly earnings are up but profit in the important industrial power sector is down which is more important to investors. yeah that's a very interesting question vessels don't really know what to make out of this it's a little bit like the weather we don't really have sunshine but also not rain this morning in general investors are actually happy with the performance of the men's their profit in the first quarter which finished on december thirty first they were making two point two billion euros but yeah the gas turbine business is really giving the companies some head

all right let's talk about here in germany where siemens workers in the eastern german town of gurlitz close to the polish border are staging a strike today to protest looming plant closures by engineering companies siemens and g.e. what's happened well despite profits of more than six billion euros seaman see old joke is pulling out of all business units with an uncertain future let's take a look when kids are took over as c.e.o. and twenty thirty in the company shifted its focus to three main sectors forecast to become growth areas electrification automation and digitalisation the corporation's wind power division was then spawn off again maser that's the name is now an independent publicly traded company and a similar fate is planned for siemens medical engineering division this year its rail division will also be offered on the stock market after it merges with french rival storm similarily siemens gas turbine division as well as its process industries and to drive sector are likely to be spun off and that is costing thousands of jobs in gurlitz but siemens is not the only game in

siemens intends to shed seven thousand jobs overall half of them in germany and mainly in gas turbine production for the workers whose jobs are on the line news that the company plans to invest in the u.s. has added insult to injury. for more let's bring in our correspondent standing by in frankfurt and daniel i see there are protests regarding siemens all that's outside the stock exchange tell us more. yeah exactly chris that we are standing right in front of the frankfurt stock exchange here and behind me you can see about two or three hundred employees because as humans has for direction facilities all around the country also here in the state of hassen where we are and also in this a production facility they are very scared that they also could be the ones who might be losing their job i was reading some of the banners they are saying it's not just about the prophet it's also about us the employees they are also telling me i was talking to a lady a little bit earlier and she told me we are the employees that made the men's soul . strong asked the company and now they're feeling th

has drawn fire at home because in germany thousands of siemens workers will soon be out of a job the company used to shed seven thousand workers worldwide half of them in germany mainly in gas turbine production in the locations threatened by downsizing or closure there's real anger the company boss has so far been unmoved and that's unlikely to change at the a.g.m. . you may or may not have a samsung smartphone but no matter what brand it is many phones are full of samsung chips and that is what's driving record breaking profits at the south korean giant slashing galaxy smartphones may get all the glory but revenues there were down percent to around eleven billion dollars on top of strong demand and samsung says it expects demand for its chips to remain strong. and it is back to brian now and political turmoil in kenya that's right kristoff the kenyan government has outlawed opposition leader raul od'ing as national resistance movement this after doing a staged a mock inauguration ceremony in nairobi he's disputed the country's presidential election results since last august the supr

germany. for the workers affected it's a bitter pill to swallow especially at a time when siemens is posting solid profit overall. well there were protests headquarters in munich also outside the frankfurt stock exchange joins us from there one of demonstrators been telling you daniel. yeah exactly ban you know the men's is planning to cut many jobs we're hearing after three thousand here in germany a different location also here in the state of hessen where the frankfurt stock exchange is located and there are also very frustrated because they were telling me that siemens in the past used to be a company where they were really proud of their employees one woman was telling me a little bit earlier we were the ones that were making zeman sold strong now they don't care any more about us and i have to be scared to lose my job they also told me that the climate inside of the company has been very bad already for quite some time and there could be other jobs they could be doing for the company and they don't understand that yeah they might really lose their job at the end and when it comes to zebras f

siemens is planning to shed a total of seven thousand jobs worldwide mainly at its power and gas division half of those cuts are set to be in germany. for the workers affected it's a bitter pill to swallow especially at a time when siemens is posting solid profit overall. now the share of the u.s. federal reserve janet yellen is due to step down when her term expires at the end of this week yet it was the first woman to head the federal reserve took up the post in february twenty fourth teen legacy includes slowing down the quantity of easing regime which have criticized ben bernanke introduced in twenty fifteen she also raised interest rates for the first time in seven years jerome powell will succeed yellen and he's not expected to rock the boat too much with his views aligning closely with yemen's. well let's bring in our man on a wall street now yes quarter is standing by for us as ever and always nice gains we've also had that meeting all of the fed today what came out of it. the federal reserve knowledge that the u.s. economy is continuing the past of grows and they did change the tone slightly from moderates to solid solid g

siemens is planning to shed a total of seven thousand jobs worldwide mainly at its power and gas division half of those cuts are said to be in germany. for the workers affected it's a bitter pill to swallow especially at a time when siemens is posting solid profit overall. its talk about this with coal power financial correspondent in frankfurt daniel from what case is saying today the job cuts are unavoidable and it becomes even more urgent sounds like the demonstrators should pack up their bags and go home. well when you look at the numbers of turbine gas turbine business you can understand what he purines with urgent because sales were down was twenty percent and also profit was down with even more than fifty percent so of course these are very alerting numbers and in the past siemens has been criticized a lot for not reacting very fast whenever there would be changes inside of the market lehman's employees those see all of this very different i was talking to some of them as they were also demonstrating here in front of the frankfurt stock exchange they are not understanding that now they gas turbine business in the united state

siemens is planning to shed a total of seven thousand jobs worldwide mainly at its power and gas division half of those cuts are said to be in germany. for the workers affected it's a bitter pill to swallow especially at a time when siemens is posting solid proffers overall. well there what are the protests is even headquarters in munich also outside the frankfurt stock exchange joins us from there one of demonstrators been telling you daniel. yeah exactly you know it is planning to cut many jobs we're hearing up to three thousand here in germany a different location also here in the state of hessen where the frankfurt stock exchange is located and there are also very frustrated because they were telling me that siemens in the past used to be a company where they were really proud of their employees one woman was telling me a little bit earlier we were the ones that were making is even so strong now they don't care any more about us and i have to be scared to lose my job they also told me that the climate inside of the company has been very bad already for quite some time and there could be other jobs they could be doing for the com

on the horizon siemens medical technology unit health than is which hopes to raise at least five billion year is one of the biggest flotations in germany's history. and of course these days companies aren't just turning to stock markets to raise capital they're printing their own money in a way initial corn offerings all i see owes a new cryptocurrency trend especially among startups by buying digital tokens you could help give a company the kick start it needs go to our website dot com slash business and read all about the riches and the ruin that can come from investing in i see those. bitcoin is showing its volatility once again on monday taking a dive of around twelve and a half percent at one point briefly dropping below the fifteen thousand dollar mark elite document has revealed the chinese government wants to impose an orderly exit from bitcoin mining in the country the location of two thirds of the digital currencies mining power still plucky investors are used to such swings it rose over fifteen percent over the week to monday. and so if months he's on wall street force so we should we really be looking at the daily movements u

germany's biggest i.p.o. in more than twenty years health in years to medical imaging and diagnostics division of siemens will soon receive a separate listing on the docks index the i.p.o. comes at a time when global markets all strong and it's likely to get healthier is funding for future takeovers in the health care sector and analysts expect house in years to be valued are on a forty billion euros siemens will offer as much the quarter stake in the form or about ten billion euros those shares for pay high dividends that's an attractive offer in a market that's already baked and getting the medical imaging market is estimated at their at more than forty fifty billion euros fatherhood annual growth of three to five percent so twenty twenty one. now how about driving the belt all driver up talking about the latest creations by benefactors at the detroit motor show and analysts say the future is here regulars there say well not quite yet it carefully and responsibly review what's on offer so is technology getting ahead of itself there is more. it may not look like it but this could be the vision of the car ind

germany for two thousand and eighteen but the companies who are planning on going public are very diverse we're talking here potentially about the biggest i.p.o. since nine thousand nine hundred six coming from siemens a very very old school old economy company they're planning on listing their magical solutions business at least for twenty five percent of that then also going to bank is planning on listing parts of their asset management also rather old economy and then we have a couple of midsize companies who are currently owned by private equity which is which are planning on selling those stakes so those companies as well as the markets are doing so well so it's more or less a panoptic of a the average german economy not so much tech guy is will you keep saying old economy they're in there is there international interest in that. it is actually for example joe k.'s the c.e.o. of siemens is touring the word and apparently there's a lot of interest in the magical solution business because obviously we're all getting older and that is one of the key drivers as well for profitability for aseem and so a very interesting business to invest in and everyone wants to live to one hundred back to you and

germany's powerful metalworkers union is calling for mass strikes over pay and working hours from today. europe's largest trade union, ig metall, expects up to 700,000 workers will take part. it represents workers from siemensking and the auto industry. the accountancy firm kpmg has quit its advisor role on the grenfell inquiry here in the uk. campaigners had called its appointment to be reversed, saying the firm had failed to disclose a conflict of interest. kpmg is the auditor of three firms under scrutiny by the inquiry into the blaze, which killed 71 people last year. and now, what's trending in the business news this morning. the wall streetjournal reports an activist investor and pension fund are urging apple to be more socially responsible. they're telling the tech giant it needs to address mobile phone addiction among young people. britain is pushing to be part of the european medicines agency following brexit — that's according to the ft, which says three government figures say the uk hopes to be regulated by the agency, even as it moves from london to amsterdam. the new york times says intel will face scrutiny at the consumer electronics show in las vegas this week. it's all over those two chip vu

on the horizon siemens medical technology unit health and ears which hopes to raise at least five billion euros one of the biggest flotations in germany's history. well let's look forward to this year let's bring in our financial correspondent don the copa joins us from frankfurt down there was one of those i.p.o.'s we just heard about in the report is the most eagerly awaited over that fanfic. well it's certainly going to be a very interesting i feel old year of two thousand and eighteen get i guess what the frankfurt perspective to i.p.o.'s are really interesting if really this saudi arabia company this giant is going to go to the global financial stock markets every investor here in frankfurt will be keeping a very close eye on this many are calling and saying that this i.p.o. could really decide in which future saudi arabia is really going to go in also had been saddam and the crown pins off saudi arabia knows that also his reputation is really on the edge he has been trying in the past to open his country also more for foreign investment and from the frankfurt perspective also very interesting it's going to be the i.p.o. off the co

on the horizon siemens medical technology unit health than is which hopes to raise at least five billion year is one of the biggest for taishan xin germany's history . is there on the initial public offerings as a way for companies to raise funds there are also initial offerings or. a new cryptocurrency trend especially among startups. slash business and read all about the opportunities and the pitfalls. the cryptocurrency big coin is taking a big dive after its story took a new twist it's shared around twelve and a half percent today two hundred fourteen thousand u.s. dollars a drop came off to south korea's financial watchdog said it's investigating several banks that offer online big coin exchanges regulators want to be sure the lenders are applying and he money laundering measures as reports emerge that north korea may be using the critter currency to invade sanctions. let's bring in daniel corbell financial correspondent standing by in frankfurt daniel why the big drop the bitcoin when these inspectors say there is no suspicion that this is just a regular review. well one thing is very certain ben you really need strong nervous at the

on the horizon siemens medical technology unit health and ears which hopes to raise at least five billion euros one of the biggest flotations in germany's history. in the south african city of cape town water levels and local reservoir dangerously low as the area is struggling with the worst drought in living memory the city has now imposed what the coles level six was directions that means no irrigation for gardens of fields no refilling of swimming pools washing of causes also prohibited but the whole region which is home to run four million people could still run dry. the city of cape town has the ocean at its doorstep but fresh water isn't desperately short supply and the drought is threatening the survival of many area businesses an estimated fifty thousand jobs in the western cape region could be lost mainly agricultural workers but also gardeners and hotel cleaning staff could face and employment water rationing is affecting everyone even the five million tourists who arrive annually have been asked to keep showers to two minutes and under current restrictions water can no longer be used in gardens. in march twenty seventeen the

germany, to try to build support for a trade deal between the uk and the eu, which includes financial services. mr hammond is speaking at an economic conference in berlin, while mr davis is visiting siemensurter allgemeine, the two men said "as two of europe's biggest economies, it makes no sense to either germany or britain to put in place unnecessary barriers to trade in goods and services that would only damage businesses and economic growth on both sides of the channel." dr ulrish hoppe is director general of the german—british chamber of commerce here in london. it is supported by the german ministry of economics and its mission is to promote trade and investment between the uk and germany. i think they are trying to get the best dealfor britain. i think they are trying to get the best deal for britain. whether they will succeed remains to be seen, because from the point of view of the german government and the eu, it is thought individual deals may help individual businesses but for germany and the eu it is also important that the single market stays intact, and therefore it will be difficult to negotiate bespoke deals. as we recall a few months ago, everyone was talking about now

germany for two thousand and eighteen but the companies who are planning on going public are very diverse we're talking here potentially about the biggest i.p.o. since nine thousand nine hundred six coming from siemens a very very old school old economy company they're planning on listing their magical solutions business at least for twenty five percent of that then also going to bank is planning on listing parts of their asset management also rather old economy and then we have a couple of midsize companies who are currently owned by private equity which is which are planning on selling those stakes so those companies as well as the markets are doing so well so it's more or less afraid not to comb of a the average german economy not so much tech guy is will you keep saying old economy there are international interest in that. it is actually for example joe k.'s the c.e.o. of siemens is touring the word and apparently there's a lot of interest in the magical solution business because obviously we're all getting older and that is one of the key drivers as well for profitability for aseem and so a very interesting business to invest in and everyone wants to live to one hundred back to you and the new

to resonate in germany which is such a creative and innovative economy is it's true and the german companies of course a big on one engineering are big on technology companies like siemens for example or like a kook i was which was the robot maker which was sold to the chinese i think that's in the an important important issue there but having said is very true i think trump actually indicated when he was referring to the t p p countries that he is willing to talk to them and he indicated on a bilateral basis and not necessarily with the whole block that's right he said individually or small groups small groups i guess that you can exploit weaknesses individually of course if you talk to not to as big block like the european union for example you can set rules for every single traded part of course that's ideal for a big nation and a powerful economy like like the u.s. because if you're dealing with small as trading partner. if course you could dictate the rules ok let's go back now to thank you gary let's go back to helen now in davos on freeze helen it when you look around there and you start talking to people in the break as i'm sure you did what are you getting a se