africa as well as russia and germany are on hand to learn more about china's reimagining of the silk road one of the routes will run through central asia and moscow and moscow to rotterdam there'll be roads and railways as well as power stations telecommunications that works and a pipeline the maritime silk road welcome back china with europe africa and southeast asia with china already investing billions into infrastructure projects along the way but critics warn that president she's a pet project plunges partners into debt while giving china more power. the new silk road is president he's foreign policy baby to ensure his new economic superhighway to the world succeeds china is providing international delegates a warm welcome three. to smooth over any potential rough spots you know. we should strengthen debt and risk management we should objective fully and fully understand debt problems of developing countries but me the belton road initiative presents a gigantic opportunity triggering development in structurally weak regions the economic potential has sparked massive international int

forty countries including russia and germany are expected to join to learn more about china's new silk road and one of the routes will run through central asia and moscow all the way to rotterdam roads and railways as well as power stations telecommunications networks and pipelines then there is the maritime silk road which will connect china with europe africa and southeast asia with china already investing billions into infrastructure projects along the way so what's this new silk road all the ballots and what role does china play in hopeless . these workers are assembling cooling and heating units for industrial buildings they are later going to be shipped to the u.s. pakistan bangladesh and mexico you have dark or broad group is a company specialized in energy fission the air conditioning heating and air purifying they'd leave broadest planning for further international expansion. in that union and the delta raid initiative is a good opportunity for us to cooperate and to promote our business further we expect to see a lot of new opportunities where we are the other day she heard the. p

say the new silk road includes eight hundred projects with loans of over a trillion dollars critics say the belgian road is the way to expand chinese influence they say countries could be taking on massive debts. china's leaders including president xi insist the project has brought real benefits for participating countries. i would like to stress that this partner relationship is not a geo political tool but a platform for cooperation we welcome all sides equal participation on engagement. over one hundred fifty countries will attend and thirty seven foreign leaders have signed up china's allies like pakistan and russia will be there but also easily switzerland and austria the u.s. is sending on the low level representatives at a belgian road conference in the united arab emirates officials are bullish. as i mentioned. keen to be part of this we want the chinese companies to lose the facilities and infrastructure to reach to different markets from. some critics feel beijing is leading the world on a merry dance with some fans are clearly singing to the new silk road chuen. a lot of

china says the new silk road is a win-win project. to our t talk correspondent in business. welcome to live from paris. expected ofeader the deadly easter bombings was killed in n the blast at colom's shangri-la hotel. towheedd the national jamath. reporters have been on the trail of that group. >> a small town about 90 kilometers from colombo rose to infamy. me -- rose to this is a new one. >> sri lankan authorities -- - was responsible for the vandalism. >> we were aware. sohad no idea they could be dangerous. this i is unexpected. is led by a man who was one of the suicide bombers who carried out the attacks. >> our local members have done enough complaining.. they have protested against him. >> they have enough information about him, but they are not asking. they do not know what to say. >> the council was not alone in trying to alert the authorities. his name was mentioned in the april 11 memo. >> hello to you. can you tell us about him and his group? >> the investigations are from this group. we have learned quite a bit about them. around 2014 ined eastern sri lanka. t

the silk road fund. and various special investment fund. develop silk road theme bond. and support the multilateral. patient center for development in its operation. we welcome the participation of multilateral and national financial institutions and be our investment in financing. and we encourage third market co-operation for. the involvement of multiple stakeholders we can surely deliver benefits to all. the flow of goods capital. technology. and people. call you a power economic growth. and create broad space for it. as a chinese saying goes the ceaseless inflow of rivers makes the ocean deep. however more such. all right we're going to come back to those speeches slightly later about for those of you just joining that is the summit taking place for the chinese. are very hopeful some thirty seven heads of state attending we're going to go back to that speech well for you the chinese probably are more open inclusive balanced and beneficial to all. this and we will enter into negotiation with more countries to conclude high standard free trade agreements. and strength

also coming up is china's silk road paved with good intentions the second belt and road initiative forum is underway in beijing critics to cry what they call china's debt trap diplomacy. and economic powerhouse south korea's fees and unexpected decline it's worth quarterly drop in a decade. welcome to the business i'm john alderman out in berlin thanks for joining us we begin here in germany where merger talks between the country's number one and two banks thought to bank and convert spike have collapsed what have created germany's biggest financial institution but it seems the operation would have been too costly and complex. beilin wanted it to happen but that wasn't enough to unite the two german giants but yes george bank said right from the beginning we would only go into these this merger if it makes economic sense if it is beneficial for shareholders and for the stake. this was not given here off to a very deep.

say the new silk road includes eight hundred projects with loans of over a trillion dollars critics say the belgian road is a way to expand chinese influence they say countries could be taking on massive debts. china's leaders including president xi insists the project has brought real benefits for participating countries.

so what does the china belt and road initiative mean it's the new version of the silk road what does it involve one route runs through central asia and moscow all the way to korea in italy it consists of roads and really raise as well as our stations daily communication networks and pipelines now there is the maritime silk road which will connect china with europe africa and southeast asia china is already in mr invested billions in infrastructure projects long the rich but critics are warning that president xi is gigantic project sponging its partners into debt giving china increasing power here's what the chinese president had to say. the delta road is not an exclusive club and it aims to promote green development when we are convinced that a more open china will further integrate itself into the world and deliver greater progress and prosperity for china and the world at large forces you. to for more let me draw in our correspondent who's been in there he is in beijing now we heard a little bit of what the president xi had to say but he has a grand opening to this event what is chi

or so what does china's belton road initiative its new version of the silk road involve let's take a look now one route runs through central asia in moscow all the way to treat asked and into italy it consists of roads and railways as well as power stations telecommunications networks and pipelines and then there is the maritime silk road which will connect china and europe and africa and also southeast asia china has already invested billions in infrastructure projects along the way but critics are . winning that president she's gigantic project is taunting its partners that the debt giving china increasing power here's what the chinese president had to say. to belton a road is not an exclusive club and it aims to promote green development when we are convinced that our more open china will further integrate itself into the world and deliver greater progress and prosperity for china and the world at large but for more let's speak to our correspondent much yes but i know he's standing by for us and beijing. so there was a lavish opening ceremony for the summit how much substance is th

say the new silk road includes eight hundred projects with loans of over a trillion dollars critics say the belgian road is the way to expand chinese influence they say countries could be taking on massive debts.

plus, selling the new silk road. china pushes its trillion—dollar infrastructure plan at a summit in beijing — amid growing concern from the us and its allies. and on the markets: asian shares subdued after a mixed session on wall street — investors awaiting a key estimate of us economic growth due out later. a string of solid earnings reports from us firms giving some optimism ahead of that figure. we start with amazon, because the world's biggest online retailer just got bigger. it has raked in another huge quarter of revenues as it rides the boom in online shopping. growth is slowing down, but importantly for its investors, amazon is starting to make more profit. let's show you some of the numbers. amazon made revenues ofjust under $60 billion in the three months to the end of march. up 17% on the same period last year and better than expected. but it's still far slower than the company has been used to of late. here's the important bit though: $3.5 billion of that was profit — more than double the amount it made

uses sound waves to unblock arteries that are filled with plaque silk road has a minimally invasiverocedure that helps reduce the symptoms of strokes in patients with carotid arteries while silk road stalled at these levels, shockwave continued to rally. a monster move today at the end of the day, these are two speculative small cap medical device companies i don't know enough about either one to recommend them to you, but i'm happy to do more homework i'm issuing an invitation to the ceos of silk road and shockwave to come on the show. anyone who has used them or knows how to use them, please drop me at @jimcramer at twitter. then there was fintech this is an online brokerage firm focused on chinese investors the stock had a huge run thanks to the rebound in chinese equity markets. but up fintech is an american depositor to receipt of a company already trading in china. history tells us those tend to be real risky. we saw this over and over from the class of 2018. they posted huge early gains and then the stock gets obliterated. if you have a win in this one, here is what i want yo

post the international forum on creativity and heritage along the silk road and the chinese bridge summer camps. we will also put in place new mechanisms such as the belt and the road studies network. and the belt and road news alliance. to draw inspiration and poor our strength for greater synergy. remember dear colleagues and friends. this year marks the seventy is anniversary of the funding of the people's republic of china. seven decades ago. through the arduous struggle curried out by several generations of chinese people and under the leadership of the communist party of china new china was founded we chinese have since stood up and held our future in our own hands. over the past the seven decades we in china have based on its realities constantly explored the way forward su practices. and has succeeded in following the past of socialism was chinese characteristics today china has reached a new historical starting point however we are kingly aware. that with all we have achieved. there are still many mountains to scale. and many shores to navigate. we will continue to advance along

so what does sinus belt and good initiative in its new version called the silk road involve the one who grants to central asia in moscow all the way to true yest in italy it includes rows and railways as well as power stations telecommunication networks and pipelines and there is then the maritime silk road which is a great connect shina with europe africa and southeast asia that china has already invested billions in infrastructure projects along the way the critics are warning the president she is gigantic project is plunging its partners into debt given china increasing power i'll talk to our correspondent in beijing in just a minute but first this report. is an ambitious initiative a massive infrastructure project which aims to connect asia to europe and africa china's belt and road initiative is expected to involve trillions of dollars in investments and has already funded trains highways and ports in many countries. chinese president xi jinping open the belt and road summit on friday with more than thirty heads of state from across the globe despite his reassurances some attendees

he wants to create a modern-day silk road, improving roads and ports to form a gigantic economic blocetching all the way to africa and europe. one country is set to play a particularly important role in this initiative. that country is myanmar, led by state councilor aung san suu kyi. a key part of xi's plan is this route linking southern china with myanmar's rakhine state. completion of this route would link china to the indian ocean without passing through the malacca straits, a development that would have significant strategic and economic benefits for china. in 2010, work began on construction of two pipelines along the new route. onee for natural gas was completed in 2013. the other for crude oil was completed the following year. they pump these fuels 770 kilometers from the indian ocean to the chinese border. the pipelines start from an island in n rakhine state. a port for offloading crude oil from tankers has already been constructed here. bubuthat's jusust the benning. ans areoving forward t creaeate a special e economic z aroundhehe port, alslso with chininese supporort. tha

so what does china's belt and road initiative its new version of the silk road involve for one group runs through central asia and moscow all the way to rotterdam in the netherlands that consists of roads and railways as well as power stations the telecommunications networks and also pipelines and then there is the maritime silk road which will connect to china with europe with africa and southeast asia and china has already invested billions in infrastructure projects along the way but critics are warning that president xi is gigantic project is plunging its partners into debt and giving china increasing power. well let's talk about all of that with our correspondent much yes belanger he is standing by for us in beijing hi mathias the to see you so the opening ceremony for the summit which is a huge summit around thirty seven leaders attending it was it was a lavish opening ceremony is or substance behind this shell why they did the question is of course what you see as substance if we talk about money there is a lot of substance we've heard it billions of trillions of dollars being

environment they would see though plans were also mentioned by connecting alexander the chinese silk road with the northern sea route if that is possible one how a second impact in the new belt and road and a lot of aspects there. you know well you know i think this these are long term plans i think everybody though is interested in the potential of this area including the chinese the americans the canadians europeans and so on because there are those who are resources and there are these facilities to link these continents but overall i don't think it will really play out in the near future you know or because there are very complicated the obstacles those to establish these trade routes are given the harsh conditions and the need to invest billions of. in the first searchers and and ships too to sail across this area so basically i think these are plans for the long term basically how do you see just the belt and road initiative it's got a lot of press a lot of negative press so far in in europe how big do you think it's actually going to go it's stretching into latin america could it w

plus selling the new silk road. china pushes its trillion dollar infrastructure plan at a summit in beijing, amid growing concern from the us and its allies. here's how the trading day has got off to a start in europe. everyone waiting for an update on economic growth in the united states later. we'll be diving into that and more in the next half hour. and we'll be getting the inside track on the big stories of the week with our economics correspondent andrew walker, including trade talks between asian economies and the us today we want to know... the actor daniel craig says james bond, the famously un—pc ‘70s male hero will be played, he says, with "an eye on" changing attitudes to gender politics. do you want to see a more politically correct bond on screen? does the bond franchise still have a place in today's world? let us know — just use the hashtag #bbcbizlive. hello and welcome to business live. welcome to the programme. thank you forjoining us. we start with amazon — because the world's biggest online retail

the silk road became a road to riches had custom. from all over the world and he provided them with high quality drugs. in fact he was one of the most popular dealers on the site as indicated by customer ratings. profits from drug deals made flan wealthy he could now afford luxury cars and caribbean vacation it's . good for you wanted some economics for a liver so i was fairly close to the sources. trees and direct reports of sort of wood i was pretty much the only person between the producers and the consumers. that would give them it it's a consequence i bypassed the whole distribution chain. i sold stuff by the gram but hundreds of grams a day just this way and this could only have happened on the internet otherwise you'd have to deal with all sorts of middlemen but i was able to sell directly to my customers just a little just so and for and so bring on this wave of skiing in internet a farmer. but the author were already closing in. had become careless he made deliveries in person to some clients one of them was working undercov

more than sixty five million dollars and in two thousand and eleven and two thousand and twelve the silk road was created by ross albright who was known under the pseudonym as dread pirate roberts the web site was designed to use for tor and big and allowed people to buy and sell whatever they wanted as long as they weren't hurting anyone else the widespread adoption of the coin and the invisibility of the dark web allowed silk road to quickly become the world's drug marketplace and dread pirate roberts to become one of the world's biggest drug kingpins in two thousand and thirteen he was arrested he is currently serving a double life sentence plus forty years without the possibility of parole meanwhile during that same time after steadily making gains big queen was worth one dollar for the first time in two thousand and eleven by june of that year big quinn was worth over thirty dollars but then it took a hit and drop back down to ten dollars and that want to be the last time because when prices took a hit over the next few years big. increases in popularity and after hitting the thousand do

of the project however italy has signed a memorandum of understanding that it will join the new silk road angering some e.u. allies. but chinese money has been flowing into italy since before bell to marry days involved in industrial imports city in northern italy a new container terminal is under construction creating four hundred new jobs. men monica giuliano is confident the chinese funding will boost the economy. my dream is to mean we have more investment watch that greater capacity for action . volumes of traffic interesting exchanges and the best thing is to sit at a table with officials from all over the world you speak about the near future in terms of employment trade and the need for specialized work because. i believe that it's a great opportunity the important thing is to always have respect for the territories in which we work. even neighbors remain skeptical fairing italy to could become financially dependent on china opportunities risks in favor of chinese suprema see all big topics at the summit in beijing around sixty five countries have already signed up to the project.

signing up for the twenty first century silk road china's belt and road form comes to a close in beijing with sixty four billion dollars worth of investment agreed upon . and french news outlets joined forces to condemn.

town of audio the gory chinese cash has been flowing for years ahead of china's grand reboot of the silk road. but a leader a in northern italy is known for its industry and its support it's also one of the examples of chinese direct investment in italy way before the g seven country joined china's belt and road initiative. thanks to investment by chinese and dutch companies a new container terminal is being built in part of liquor is port italy's economic partners think the country risks becoming dependent on indebted to china but at the temples construction site the outlook for the local economy is positive. about the great who would bring a lot of advantages to the region to the country so we were are we are going to employ a strong number of. new colleagues from end of this year. when we have the first part of our war plan for delivery. the terminal is expected to create up to four hundred jobs which is sorely needed him but only over the last ten years the local economy has suffered a sharp downturn factories and power plants are closing and unemployment has spiked locals are hopeful and

president xi jinping is hoping to sooth fears about the costs of construction of reinventing the ancient silk road the critics warn of the possibility of a debt trap and increasing chinese dominance. movie reviewer u.s. president donald trump has vowed to withdraw from an international arms trade treaty that was approved by his predecessor iraq obama trump told members of the pro-gun troop the national rifle association that he would be informing the united nations of moves for the agreement to regulate the trade in conventional very soon very formal notice thousands of indigenous brazilians have rallied in the capital against what they say is a government assault on their rights and on their territories they say ministerial changes implemented by far right presidential airballs and oro are harming indigenous communities native leaders representing more than three hundred ethnicities across brazil are attending the march it's part of a three day any will vent known as the free land encampment. heard the marches were nothing if not musical and colorful so they had come to brazil there with a seriou