siemens is no longer profits. from its power plant division in fact it's started to lose money thousands of jobs have been slashed the power and gas branch is being restructured which is expensive and says de siemens announced a forty six percent slump in fourth quarter profits our own gas just by doing the power and gas market is very challenging the skipper there are structural over capacities and aggressive competition which creates a lot of pricing pressure especially for the big gas turbines. other divisions perform much better at around eighty three pillion year ice sales this fiscal year was slightly up on last year now profits also increased despite the crisis in the power plant crunch siemens expects this up with trend to continue despite the ongoing geopolitical risks which could have ramifications for a company like siemens. earlier today i spoke to the men c.e.o. joke about just that the geopolitical risks asked him first if his decision to pull out of an investor conference in saudi arabia did indeed

siemens c.e.o. joe kayser praises saudi arabia's vision of a high tech future and he acknowledges losing a twenty billion dollars contract there but after the killing of a saudi journalist he says business as usual is no longer an option. and scores of wooden towers have appeared all over hungary with no clear purpose journalist says corruption and hunger areas are calling for answers we'll tell you more. i'm steve bisley bill. and thanks for joining us german industrial powerhouse siemens posted its fourth quarter figures on thursday the maker of industrial electronics medical equipment trains and power plants those business everywhere making it especially vulnerable to geo political wrists accordingly the past quarter has been a mixed bag. siemens is no longer profiting from its power plant division in fact it's started to lose money thousands of jobs have been slashed the power and gas brunch is being restructured which is expensive and says de siemens announced a forty six percent slump in fourt

siemens to be. praised a saudi arabia's vision of a high tech future but after the killing of a saudi journalist he says business as usual is no longer an option also coming up the u.s. federal reserve surprises no one keeping rates on hold with a high kicks pated expected play to eat at the year. and schools of mysterious wooden towers pop up all over hungry journalists blame corruption and gary and i want. this is your business update on how to hold free and glad you could join me well german industrial powerhouse siemens posted a mixed bag of results on thursday net profit for the fiscal year remained just over six billion euros that's a slight increase in the previous year the company's had some setbacks recently in securing new orders vying for a multi-billion euro in order to build a power grid in iraq a job the company might use to us can best be a g.e. off to the white house intervene there's also problems in saudi arabia stevens was very late to counsel their attendance at the recent riyadh

siemens c.e.o. job kayser praises saudi arabia's vision of a high tech future but after the killing of a saudi journalist he says business as usual is no longer an option. and cannabis shares get a high as about marijuana enemy jeff sessions is forced out as u.s. attorney general. i'm stephen beardsley thanks for joining us. german carmakers have agreed to spend up to three thousand euros on measures of their own choosing to get older dirtier diesel cars off the road and that's according to the german transport minister under. the three thousand figure is expected to cover hardware retrofits which volkswagen and di miller say they're willing to perform rival b.m.w. says it won't do retrofits but it will offer up to three thousand euros on trade in incentives the news comes a week after v.w. owners fought a class action lawsuit seeking full value for their diesels now here to offer us more insight on this news is simon young a political correspondent for g.w. here in berlin simon what he tell us so f

somebody hard down the german tech giant siemens is out with his fourth quarter report and that's not all that's right the net profit for the fiscal year at siemens remained at just over six billion euros a slight increase on the previous year the company's some setbacks recently in securing new orders it's vying for a multi-billion year old of to build a power grade in iraq a job the company might have lost to us competitive g.e. often allegedly the white house intervened that is also problems in saudi arabia siemens was very late to cancel their attendance at the recent riyadh investment forum most companies had dropped out after the murder of saudi journalist to market shock she meanwhile at home siemens sold their shares drop nearly twenty percent over the course of this year. so earlier today i spoke to zeeman c.e.o. joke and i asked him first of his decision to pull out of that investor conference in saudi arabia did indeed cost siemens a twenty billion dollars deal with the saudis. the fact is that we did not sign a significant deal which was worth north of the n.d.p. and that'

spoke with siemens c.e.o. a joke asr about a couple of particular geopolitical risks including saudi arabia and where the case his decision to pull out of a saudi invest a conference over the murder all of the journalists cost as he means a twenty billion dollar major power plant deal in the kingdom. the fact is that we did not sign a significant deal which was worth north of twenty billion that's true but obviously you know. things go as taiko and we have always made it clear we had a very reliable partner competent partner of the kingdom of saudi arabia we have more than thirty million people mostly young people in the kingdom has been a lot of reforms which have been initiated so i think we need to look at all factors the things which really really are a bit well in the kim going to be shunted this thirty is a very very promising. vision and strategic concept going forward so there is a lot of cool things for there also have been talk things and i mean let's face it with the way what we have seen and heard about what happened in turkey is just not something which has moved into or

as rising net profit for the fiscal year remained of just over six billion euros at siemens a slight increase on the previous year the company's had some setbacks resilience of hearing new all this is vying for multi-billion euro order to build a power grid in iraq a job the company might have lost to us competitor g.e. after the white house intervened there's also problems in saudi arabia siemens was very late to cancel their attendance at the recent riyadh investment for most companies had dropped out after the murder of saudi journalist come aka short she meanwhile at home siemens sold their shares drop twenty percent over the course of this year. and earlier today i spoke to steve and c.e.o. joe care and i asked him first of his decision to pull out of that investor conference in saudi arabia did indeed call siemens a twenty billion dollars deal with the saudis. the fact is that we did not sign a significant deal which was worth north of twenty billion that's true but obviously you know. things go as they go and i've always made it clear we had a very reliable partner competent p

first spoke earlier today with siemens c.e.o. joe qasr about a couple of particular geopolitical risks including saudi arabia and whether kayser decision to pull out of a saudi investor conference over the murder of a journalist cost siemens a twenty billion dollars power plant deal in the kingdom. the fact is that we did not sign a significant deal which was worth north of twenty billion that's true but obviously you know. things go as taiko and i've always made it clear we had a very reliable partner competent partner of the kingdom of saudi arabia we have more than thirty million people mostly young people in the kingdom there has been a lot of reforms which have been initiated so i think we need to look at all factors the things which really really are going to hell in the kim going to be shunted this thirty is a very very promising. vision and such a concept going forward so there is a lot of cool things for there also have been talk things and i mean let's face it with the way what we have seen and heard about what happened

her employer germany's siemens is leaving. currently the economic situation is very difficult it's not just affecting foreign companies but iranian ones as well i've been writing job applications since i was told i was going to lose my job but i haven't had a single reply yet. so every day has been working in siemens human resources department for three years before that she worked for a norwegian company but that company also pulled out of iran because of u.s. sanctions so every day is says she's reliving a bad experience she does the shopping in the evening but now she has to consider if she can afford even the most basic foods like milk shops owners know used to customers scrutinizing prices. i don't they were told the prices have risen so high i know that my customers often pick up a product only to immediately put it down again after seeing the price you know they really only buy the necessities when we. back home she watches the news the future of her country depends on international politics especially on decisions made

ambitious plans by one of germany's legacy and dust trail companies siemens is to build a big start of campus here in berlin the move comes barely a week after google dropped a similar plan it's also on the program as the tenth anniversary for the world's most famous crypto currency where does bitcoin stand a decade after its introduction and panama introduces a tourism card for cuba can it help the caribbean nation gain more investment back home. i'm christopher coburn bilin good to have you with us siemens is putting six hundred million euros on the table to finance and innovation center here in the german capital it's meant to be part of what some hope will become a german silicon valley one day the investment would be the biggest of a single company in the city since world war two and then the announcement comes only a week after google withdrew a similar proposal due to massive protests the local neighborhood and lack of political support. berlin pulled out all stops to get the signatures that would make this possible and bring siemens back to its birthplace in the german capital'

that's exactly what we do and look at the economic impact is not really relevant to siemens as far as the money goes i'm much more concerned about a further let's say escalation on the on the on the conflict in the middle east which is the last place the sheets yet another conflict even c.e.o. joe case i thank you very much for joining us. trade and china appears to be roaring ahead in spite of a drawn out trade conflict with the united states official figures suggest exports last month were up nearly sixteen percent over last year and imposed jumped even higher the u.s. has imposed on hot chinese imports but this has been set off by a decline in the u.n. which offset the tab is still on for chinese products remains high and its continues to grow. samsung has unveiled its version of the next big thing a foldable phone company gave the first glimpse developers conference in san francisco on the edge program is to start writing apps for the product which doesn't yet have a launch date samsung didn't want to give too much away about the device and dimmed the lights to disguise elements o

quick clearly evoking some geopolitical risks as well and we know that they can hurt bottom lines siemens also finding that out posting its fourth quarter earnings on thursday not surprisingly to pass caution has proved a mixed back. siemens is no longer profiting from its power plant division which has now started to lose money thousands of jobs have been slashed as the company's power and guess division is restructured itself an expensive undertaking siemens announces profits for the last quarter slumped forty six percent our own casts its vital in the in our in gas market is very challenging there are structural overcapacity and aggressive competition which creates a lot of pricing pressure especially for the big gas turbines. other divisions performed much better at around eighty three billion euros sales this fiscal year were slightly up on last year net profit also increased despite the crisis in the power and gas unit siemens says it expects the upward trend to continue. and we can now bring you the latest from the u.s. federal reserve which is kept the benchmark lending rate uncha

a lot of stories being written about this topic the fact of the matter is that siemens has had a very very comprehensive compelling concept not just about rebuilding iraq in terms of electrification but also help the country in training in education with the dual apprenticeship program of the german industry we also promised to help the people in the freed up so for basic healthcare so there was a very comprehensive concept which reached the government that the customer liked a lot and overstated has been. unusual special forces have been intervening maybe out of good reasons that's not my churchmen to make on the other hand look i mean serious is in the united states there was almost sixty thousand people creating another one hundred fifty thousand indirect jobs so we are a massive economic force in the country we are training people there to revenues of more than twenty billion dollars so we are first and foremost also an american company which i believe deserves respect and a level playing field we are actually asking for it we're going to also you know mr k.'s are talking about th

a solid one eighty from siemens its chief executives are traveling to saudi arabia for a conference hosted by state owned oil company around co the visit comes a few weeks after public pressure over the murder of journalist jamal khashoggi from this siemens c.e.o. joe kayser to pull out of a saudi investment invent infrastructure giant is a major contractor in saudi arabia it's currently building riyadh's new subway system and is on target for further contracts in the future is even a spokesperson said casey is due to meet only aramco representatives but no government officials one hundred billion pounds a year by twenty thirty that's what brags it will cost the british people according to a new study commissioned by group calling for a second referendum it sees a number of economic blows in the u.k. future if it goes ahead with its divorce from the e.u. they include drops in trade foreign direct investment and overall g.d.p. to the tune of around four percent for. christmas can be a stressful time particularly when it comes to picking the right presents for the loved ones often times you

and a solid one a day from siemens it's shoes executives are traveling to saudi arabia for a conference hosted by state owned oil company iran co the visit comes a few weeks after public pressure over the murder of journalists remark or shock she prompted seaman steve c. joe kayser to pull out of a saudi investment event. joe kainz that was noticeably absent the investment conference in riyadh in october and deliberate decision not to pay his respects to crown prince mohammed bin soundman whose role in the killing of journalists. was unclear instead siemens would leave business acquisition in saudi arabia to those with fewer scruples but now just a few weeks later joe kayser is indeed back in saudi arabia earlier in november he told d.w. how he saw things we did not a significant deal which was worth north of twenty billion that's true but obviously you know. things go as they go and i've always made it clear we had a very i have a partner competent partner of the kingdom of saudi arabia we have more than thirty million people mostly young people in the kingdom there's been a lot of ref

we're covering deutsche telekom, and siemens.edit announced third-quarter earnings this morning and the big headline was in 2018evenue forecast and 2019 by 2% and 4% respectively. the bank also took a hit from its turkish business. 143he quarter it wrote down million euros as a result of the falling lira in turkey. ins all comes as the ceo is -- approaching the final year of a turnaround plan for italy's biggest bank. so far, investors have rewarded him and stock has been up over 20% during his tenure. it will be interesting to see how the market absorbs the news. . deutsche telekom, a different direction for this story. is an uphe telekom move today because the company raised its full-year forecast for the third time this year and beat its third-quarter earnings estimates. the firm is it awaiting the approval of its u.s. unit's acquisition of sprint telecom. the company is betting on u.s. growth because growth in europe has been muted. anna: what about siemens? what did the numbers reveal? >> we got not only a dividend raise, bu

siemens says it expects the upward trend to continue.elena: we can now bring you the latest from the u.s. federal reserve, which has kept the benchmark lending rate unchanged on thursday. the move highlighting the continued strong performance of the u.s. economy, but also pointing to a slowdown in business investment. that is according to the latest statement out from the fed. it also noted that solid job gains, falling unemployment, and growing household spending, but they also signal there may be a further rate rise before the end of the year. german carmakers have agreed to spend up to 3000 euros on measures of their own choosing to get older, dirtier diesel cars o off the road. that is according to the german transport minister. the 3000 figure is excited to cover hardware retrofits, which they say they are willing to carry out. rival bmw says it will not be retrofit. it will offer instead of to 3000 euros on trade in incentives. the news comes a week after vw customers filed a class often lawsuit, seeking full value for their diesel

nothing unusual about the fact that siemens who was then the director of the dogshit bank which was largelyin charge of the financing of the border into baghdad really should contact him about the extension of the line from a low. to muzzle as fought that particular strange and he asked him if he would do some prospecting and advise them on what was the best route and he wrote about all the advantages that the best and most efficient relying to follow for the railroad and all the advantages that would accrue from following this route rather than that route. after troubleshooting for siemens at deutsche bank he'd made a historic archaeological discovery in northern syria in one thousand nine hundred nine. it was in a certain sense by accident that he made the greatest discovery of his career that you discovered tell how tough. because really what he was trying to do was do this prospecting on his own. an officially for the village of baghdad really and she did write he did write a brief to report and devoted many more pages of that they're poor to boot from a live put towards who'll then he

steffen siemens india want to and we will have more on that story coming up on the day that's coming up in just under half an hour but first the afghan capital kabul has been hit by one of the deadliest attacks in months at least fifty people were killed when a suicide bomber blew himself up in a banqueting hall where islamic scholars were gathered more than eighty others will want it president gandhi called the attack on islamic and unforgivable he has declared a day of mourning for wednesday the taliban says that they were behind or rather not behind the attack. the familiar sound of sirens in kabul signaling another suicide bomb attack this one being called the deadliest in months it targeted a glitzy wedding and function venue inside dozens of religious scholars were marking the prophet mohammed's birthday what was meant to be a celebration quickly turned to chaos. so. we went out to bring water for the guests and while we were walking down the stairs we heard the sound of an explosion from inside the hall when we went back inside everywhere was covered with smoke and dust there

injury orders that were believed to be secure are now on the brink of collapse in iraq for example siemens believes that the u.s. government's political pressure could put the competitor general electric on the spot or in saudi arabia. here zemindars was on the verge of concluding a twenty billion dollar deal but in response to international pressure over the murder of journalist jamal khashoggi c.e.o. joe kayser said that he would not participate in a last minute investor conference thus upsetting the kingdom. the fact is that it did not sign a significant deal of it was worth north of ten dippin that's true but obviously you know things go as taiko and i've always made it clear you had a better partner competent partner off the kingdom of saudi arabia they have more than thirty million people mostly young people in the kingdom that speak a lot of reforms it's half initiated so i think we need to look at all factors the others even if groups such as transportation digitization medical technology and alternative energies are in a better position the profit for the year is a whole even incr

old iranian will soon be unemployed again that's because her employer a german manufacturing giant siemens is leaving iran and if the economic situation is very difficult it's not just affecting foreign companies but iranian ones as well i've been writing job applications since i was told i was going to lose my job but i haven't had a single reply yet carmack at. seventy day has been working in the h. r. department examines for three years before that she worked for a norwegian company but that company also pulled out of iran because of the u.s. sanctions so every day as says she is reliving a bad experience. on mash about since i have had trouble even getting up early in the morning it's so demotivating to have to put so much effort into something only to be let go and there's nothing we can do. does her shopping in the evening but that is especially hard for her prices skyrocketed in the last year and now she has to consider if she can afford even the most basic foods like milk the shop owner has now gotten used to his customers looking at the prices very closely. they want the prices of

germany's siemens conglomerate has been awarded a one and a half billion year old contract to build trains for london's underground rail network the company will produce a total of ninety four trains for the piccadilly line which carries some seven her . hundred thousand passengers a day besides offering more comfort the new carriages will also boast a larger capacity to cater for london's rising population this it is expected to have ten million residents buy twenty thirty that's one and a half million more than today. are the latest i phones a flop that's the question many investors seem to be asking themselves as apple's share price tumbled earlier in the week the wall street journal had said lower than expected demand that prompted the company to slash production of all three i phone models it launched in september you know tobar apple shares did surged to a record high but that was before denotes that the coming quarter would not much expectations. germany is currently considering the introduction of mass surveillance to ensure that diesel bans in city centers are properly enforced at

an about face from a german industrial giant siemens its chief executives all traveling to saudi arabia for a conference hosted by state owned oil company around cote the visit comes a few weeks off the public pressure of the mud all the journalist jamal khashoggi. kaizad to pull out all a saudi investment event demons is a major contract in saudi arabia the infrastructure giant is currently building riyadh's new subway system and is on target for further contracts in the future as a means by expressing said. to me only representatives of the company but no government official. said york today with the latest from the world of business for more find us on facebook and on twitter i'll be back with more business news in the next hour and. we make up over a week watch on a possible debt and up budget by we are the civil service or. they want to shape the continent's future to. be part of the african youngsters as they share their stories their dreams and their challenges. the seventy seven percent of. platforms for charging. a news alice. chain can stop today's concert boosts but. i've. pu