eighty two percent of the wells that's according to the latest inequality report we talked to oxfam germany. also coming up as malaysia's g.d.p. rises so does its need for energy start ups have a few nifty ideas. welcome to do business well just in time for the meeting of the world's move us and shakers of the world economic forum. i'm in davos the international n.g.o.s oxfam releases its annual inequality report and the bottom line is the gap between rich and poor is widening the number of billionaires worldwide reach two thousand and forty three last year their combined wealth increased by thirteen percent and that means eighty two percent of the global wealth generated in twenty seventeen went to the top one percent of the world's population the so-called super rich and here is the food for thought in only four days the c.e.o. of one of the world's top fashion brands as much as a seamstress in bangladesh makes throughout her entire life and to add insult to injury the richest people in the world are experts in tax avoidance. they are paying two hundred billion dollars less in taxes than

all that news where do we go from here that's something i would like to discuss with a lot from oxfam germany good to have you here with us. terry already said it sounds familiar inequality certainly is a recurring theme especially this time of year with the world economic forum in davos yet the gap nevertheless seems to be widening despite all the talk what's going wrong well two things that are going wrong mainly it is the tax avoidance of violence large scale. avoidance by the super rich and by corporations and it is also corporations that are paying wages that are often hardly enough to survive if you mentioned the example of seamstresses in bangladesh something goes wrong here because we have excessive personal gates and profits at the top but at the bottom there is just nothing that critics of course which turn around and they do turn around some of those and say ok but just because a rich person doesn't help a poor person in another part of the world so how is that correlation working out for you well there's a correlation in so far that if corporations are not paying wages that a dece

oxfam. and sold or liquidated time is running out for germany's state owned land his age not back. welcome to d.w. business cryptocurrency bitcoin has been in freefall in the last twenty four hours now by the end of last year it was trading close to forty thousand u.s. dollars at the beginning of two thousand and seventeen bitcoin was valued under one thousand dollars but it made huge gains in the second half of twenty seventeen the cryptocurrency soared after trading in bitcoin futures began on the cheek aagot mercantile exchange last month and now it is getting its tumbled nearly thirty eight percent of its highest point trading below eleven thousand dollars rumors the south korean and chinese governments could ban trading encrypted currencies have spooked investors. well american car makers are celebrating the latest models at the detroit motor show but behind the scenes it's business as usual and numbers crunching ford has lowered its earnings expectations for this year based on higher commodity prices and currency effects chest traded weaker following the announcement meanwhil