have been handed ever tougher regulations perhaps in australia those rules weren't tough enough siemens europe's largest industrial complement chose frankfurt over new york for the listing of health nears its medical business which sells machines like m.r.i. scanners of x. ray machines to hospitals and doctors in the last quarter health in is was the largest of siemens nine divisions by revenue and it's also the most profitable profitable one part of the i.p.o. siemens is expected to sell a minority stake of up to twenty five percent listing at the stock exchange is a deal to take place in the first half of next year. let's cross over to our financial correspondent on the cold in frankfurt donna what's the difference between issuing a share in new york for. well garrett i mean you have lived here in frankfurt before as well why you need manhattan when you can have mine and here basically that's what investors here are telling me as well we are hearing that it was kind of like a close race between the new york stock exchange and frankfurt but at the end siemens decided for frankfurt because. it's

siemens europe's largest industrial complement chose frankfurt over new york for the listing of health than is its medical business which sells cheap machines like m.r.i. scanners or x. ray machines to hospitals and doctors the last quarter health in is was the largest of siemens nine divisions by revenue and it's also the most profitable one part of the i.p.o. siemens is expected to sell a minority stake of up to twenty five percent the listing of the stock exchange is scheduled to take place in the first half of next year. now it's also to our financial correspondent daniel copeland standing by at the frankfurt stock exchange i don't i was difference between issuing shares in frankfurt on new york. what i can tell you first get heard that investors here at the frankfurt stock are sent out already calling this the i.p.o. off two thousand and eighteen and i was listening to what was actually a stating why they really were in favor at the end for the i.p.o. lounge here in frankfurt and they were really stating that with breck's it now frankfurt as the capital already here in germany of

company with over six billion euros in profits over the past year be forced to cut so many jobs siemens is europe's biggest conglomerate with over three hundred seventy thousand workers worldwide so for them this seven thousand cuts is really just a drop in the ocean we're seeing those protests in germany i do have to wonder whether we can expect to see similar scenes in other conglomerates because siemens certainly isn't the only one undergoing an overhaul right now. that's right helena also another industry dinosaur general electric has been forced to cut jobs and to go under a massive restructuring of course it seems a slightly better off slightly more stable so they don't want to head down that path but they said that they're forced to expecting about a demand of one hundred gas turbines in the year but with the global capacity for four hundred across the entire industry they say it's absolutely necessary to make these cuts easy matal the union on the other hand says that renewables represent an opportunity to retrain workers and keep them in their jobs they accuse him of short sightedness and

twenty percent of siemens profits and that's one workers are fearing the worst and tire plants are under threat of closure thousands of jobs are at stake and they're mostly jobs in europe where most siemens turbine works are located company workers have been out protesting the planned cuts they're calling on management to show some vision above all they don't see why then should lose their jobs when the siemens conglomerate as a whole is still raking in billions of euros in profits it's. affordable living space is in short supply in germany one cheaper alternative is modular construction a bit like a flat pack. twenty two square metres of living space trade off the rack. this is one room with a bathroom the timber frame module has reinforced door jambs to ensure that nothing buckles when it's lowered into place here in the rural valley city of butter up forty five prefabricated modules are being stacked to form fifteen rental apartments once the wooden walls have been plastered over this won't look any different from a normal brick or concrete apartment house now it is modular constructions are absolutely equivalent to solid structures they fulfil all the d.a. and stan

twenty percent of siemens profits and that's why workers a searing the worst and tire plants are under threat of closure thousands of jobs are at stake and they're mostly jobs in the europe where most siemens turbine works located company workers have been out protesting the planned cuts they're calling on management to show some vision above all they don't see why they should lose their jobs when zimmerman's conglomerate as a whole is raking in billions of euros profits. and i hand you back over to amrita for sports now that's right thank you very much daniel now russia's hopes of making february is going to loom big still hang in the balance this after the word anti duping agency decided not to lift its suspension the international olympic committee will make the final decision either banning russia outright allowing some athletes to compete and run neutral flag but that too could cause problems and complications has more. this is sold and the world anti-doping agency's latest meeting the verdict it doesn't look good for russia the country's anti-doping body has met our water requirements to have its two years suspension lifted and it could cost them a spot at the wint

norway is western europe's biggest oil and gas producer. german industrial group siemensobs worldwide, mostly in its fossil fuels division. it said global demand for large turbines produced by its power and gas division had fallen dramatically. half of the jobs will be lost in germany, while 1,100 will go in the rest of europe and 1,800 in the us. and now, what's trending in the business news this morning. forbes is among those reporting that bitcoin reached an all—time high on thursday, surpassing $7,800 for the first time, despite the sharp fall at the beginning of the week. the economist magazine says we are facing a bitcoin "bubble". in the financial times, japan business group chief calls for more foreign workers. the head of the country's chamber of commerce says companies are blaming poor performance on lack of skilled workers. from bloomberg, uk seeks help from german business for brexit trade deal. it reports how brexit secretary david davis has asked business leaders in germany to help force the pace in the deadlocked negotiations. don't forget, you can get in t

siemens is a setting the stage for germany's biggest i.p.o. in over twenty years europe's largest industrial conglomerate has chosen to nest health and nears its medical business in frankfurt over new york it doesn't want to get involved with u.s. regulation and believes that frankfurt exchange there will grow as a result of bragg's it the health it is the largest of siemens divisions by revenue and is also the most profitable it sells machines to hospitals and practices as part of the initial public offering zeman is expected to sell a minority stake of up to a quarter the listing of the stock exchanges scheduled to take place in the first half of twenty eighteen. still producing nations have agreed to dismantle market distorting subsidies g twenty minutes has met him but in on thursday to avert a trade. overcapacity that's been causing international tension but the divisions still remain. expectations were low from the outset the interests of the participating countries were just too varied the goal of the summit was to put the brakes on steel production worldwide to red

siemens is setting the stage for germany's largest i.p.o. in more than two decades europe's largest industrial choose chose frankfurt over new york for the listing of health than is its medical business which sells machines to hospitals and doctors in the last quarter health and as was the largest of nine divisions by revenue and it's also the most profitable one as part of the i.p.o. siemens is expected to sell a minority stake of up to twenty five percent the listing of stock exchanges scheduled to take place in the first half of next year. and a new series and the first of its kind in germany is getting a lot of media interest in brian as its dark hair hard that's the name of the series we're taking you now to vend in a tranquil little town in the black forest it's where the new t.v. series darkest set and it's the first ever drama produced in german for the streaming service netflix now strangely enough the residents of that town have not noticed any filming going on that's because the ten episodes have been filmed here in berlin. a small town with some very dark secrets

siemens planning to cut jobs. it is closing at least two sites . europe'siggest engineering company attempts to turn around its struggling power after a sharprop in orders -- drop in orders. half of the 6900 jobs being eliminated will be in germany. will be cut in the power and gas division. the rest coming in the process industries and drives and power generation division. if sites are stated to be closed with a solutions business. forons still on the table location including a sale. a sites will be cut at and another 300 in berlin. sweeping cuts. pushes ahead with broader changes in the structure of the company. sameeduction falls the week as rival general electric unveiled its own turnaround plan to focus on three businesses and exit others. are facingmerates global shifts in energy demand largeng renewables over fossil fuel plans powered by types of turbines. shares were already higher. little bit up on that news. i want to talk about some of the big news elsewhere today. we had retail sales in the u.k. barely rising in october. aod stores saw declines

german engineering heavyweights siemens is setting the stage for the country's largest i.p.o. in more than two decades europe's largest industrial complement chose frankfurt over new york for the listing of health a new medical business that sells machines to hospitals and doctors offices in the last quarter helton years was the largest of the events nine divisions by revenue and it's also the most profitable one as part of the i.p.o. simmons is expected to sell a minority stake of up to twenty five percent the listing of the stock exchange is scheduled to take place in the first half of twenty eight. now it's cross over to our financial correspondent daniel cope with standing by at the frankfurt stock exchange i don't i was difference between issuing shares in frankfurt on new york. what i can tell you first get her that investors here at the french first talking sent out already calling this the i.p.o. off two thousand and eighteen and i was listening to what was actually a stating why they really were in favor at the end for the i.p.o. lounge here in frankfurt and they were really stating that with bracks i

twenty percent of siemens entire profits and that's why workers are fearing the worst when tire plants are under threat of closure thousands of jobs are at stake in them mostly jobs in europe where most. works although kate it company workers have been out they've been protesting the planned cuts that coding all management to show some vision above all they don't see why they should lose their jobs when there's even a conglomerate as a whole is still raking in billions of euros in profits. so i just want more about this now i'm joined by my do business colleagues with me in the studio and jeanette dumas allowed who is a frankfurt stock exchange for us welcome to you both now firstly. talk us through this because we're mainly talking about gas turbines to generate power where demond has dropped off i mean we certainly don't want to see mass layoffs but could this be a sign that when you were a bulls all dating more attention more orders well all the big players in the market general electric siemens and mitsubishi have heavily invested in the guess turbine market because they believe that the government's what turn to more environmentally friendly sources of power but they

siemens is seeing demand falling. adidas is powering ahead in the u.s., but feeling a pinch in europe. deutsche telekom doing very well in the u.s., but over here just keeping their head above water in terms of growth. it's a bit of a mixed picture over here. the consumer, generally, is fairly upbeat in germany. we've seen this as a theme. this has been angela merkel, the chancellor's, theme. stay with me. i'm the one who is guaranteeing growth here. we have the negotiations going on with the coalition. there is that theme of, let's continue down this path, let's keep things stable. that's what is sort of backing up the consumer. what's hurting the companies is more on the macro, the global level am a really -- level, really. is it things like trade and bilateral trade deals? what is it? benedikt: that is something they will be looking at. there is a keen eye on china. saudi arabia is starting to grab people's attention. companies are starting to wonder, is this in an environment where we should be continuing to invest. there is an important meeting coming up this weekend, where custom

become the global centre, because three of europe's bigge5t engineering companies have teamed up to start flying hybrid aircraft by 2020. rolls royce, airbu5 siemensre are a lot of very clever engineers who are working on thi5. clever engineers who are working on this. before i make that walking... —— booking... this. before i make that walking... -- booking... we were talking about england's women olivine for the world cup. the requisite photos have come out. i know footballers are used to a glamorous lifestyle, but even this looks a little grim. this will be the base, about 45 minutes from st petersburg. this is the beach. in the trip adviser comments, says it it has a pool with lots of chemicals. and the rooms... it looks lovely. i'm not selling it. we are talking quite a bit about food today. apparently pig's trotters are back on the menu. pig's trotters, because the revival of cheaper cuts of meat. we are talking about food waste today. what you should throw away. should you keep onions in the fridge? yes or no? know is the right answer. they go soggy. where should you store food that needs the most chilling, the top or bottom? the bottom. jo