Life and autonomy. Three careers three german deejays superstars. Adored by their fans across the world for their electrifying life sets. Into the festivals atlanta backstage parties the place where no one attained stardom just like the. Superstar d. J. s starting november twenty first on t w. Crucial meetings with this credit but in mind the fault of the tally dead by the end of the day also coming up on the road to success gallery is looking at a billion dollar deal from japanese investors and how to replace human labor is this the future of the army. Without a very welcome to d. W. Business it is crunch time for various away like e. U. Foreign ministers have approved economic sanctions on the cash strapped country saying the measures can be reversed depending how president maduro reacts to the demands for more democracy but the countrys already feeling the heat with two major meetings on the agenda the first in the capital cairo cast to focus on restructuring the countrys crippling debt the second a meeting of bond holders in new york that could result in an official announcement that the country has defaulted on its debt the Government Debt currently amounts to one hundred fifty billion dollars a thorn in the side of the countrys cash strapped socialist leadership last week the countrys state owned oil company p. B. S. A reportedly made a crucial one point one billion payment on a bond now it was overdue and that triggered fears that default could follow venezuelas one of the Worlds Largest export of oil but plummeting oil prices and mismanagement of crippled the country inflation has skyrocketed as a result its currently at a staggering seven hundred and twenty percent the crisis has spread to all sectors of the economy one in four people and theyre out without a job and food and medical shortages have become the norm. The bank note that symbolizes the magnitude of venezuelas economic crisis. Only this month the countrys president unveiled the one hundred thousand dollars bill its worth about two dollars. Only a year ago the one hundred dollars bill was the countrys largest but inflation has skyrocketed the only thing growing in venezuela these days some jest is the number of zeros on the banknote Everything Else like food and medical supplies continues to shrink lack of hard currency has left the government unable to pay for imports the countrys debt has become unsustainable president Nicolas Maduro is hoping to convince foreign creditors of his proposals for restructuring it. Out of him but i return the investors of the world the holders of venezuelan debt i have the moral to summon him on nov thirteenth to caracas and begin a process of refinancing and renegotiation of the external debt. He hopes creditors will extend repayment deadlines lower Interest Rates and even agree to cancel debt altogether if no arrangement can be reached the country faces bankruptcy cutting it off from Financial Markets and unable to borrow more money meanwhile for ordinary venezuelans the suffering continues. Chinese shopping giant alibaba has reason to celebrate after shoppers spent a record twenty five billion dollars in just one day alibaba made the money as part of the promotion for singles day a relatively new ad you will event which honors the attached and its peak on a saturday you at its peak on saturday the online retailer was processing well over two hundred fifty thousand payments per second the vast majority of purchases were made on mobile devices. And staying in the region Japanese Technology giant softbank is to invest billions of dollars in ride sharing app details of the deal have not yet been released but reports suggest softbank is hoping to acquire a fourteen percent stake in and that move could clear the way for the right ailing service to sell stock to the public before the end of twenty nineteen is one of the most valuable Tech Companies in the world now joining me for more now on that story are my colleague and i do allow another front that Stock Exchange and andrea hang our market correspondent in singapore good to have you both on the show id like to start with you andrea but its one of the most valuable Tech Companies weve heard that but it is also plagued by scandal so why would soft bank want it thats a very interesting question it is a very bad time. But not so much for soft and soft and sees this as an opportunity for right here this is in the future contrary to what a lot of other investors think now it sees a future for the service particularly because if we noticed something has already meet some of the investments and are similar such as grand and. So thats only if theres pointing to any direction that is confident in the right i mean from a european perspective whats the investment mean for its business concept. Well just generally it would mean a huge cash infusion for her and better positioning in asia where of course soft back has all the right connections now over would be able to use the money to finance its expansion amid growing competition from rivals like lift but mostly the deal represents a way forward from a company thats been plagued by infighting most notably between other former c. E. O. Travis callan and benchmark capital one of the major shareholders and the deal would also see new governance rules put in place that would limit some of callon exposure on the board he did resign a few months ago as the c. E. O. But still controls three seats and just generally power in the board is set to be distributed more equally now of course all of this is predicated on the deal actually taking place to be that not enough investors are interested in selling their shares and the deal falls apart well i mean this is exactly when you just mentioned all the upheaval in the company and as i mentioned earlier what wants to go public before the end of twenty nine thousand do you think that investors will actually go for it despite its dubious reputation or does obama have to clean up its act first well we can kind of consider this deal as a symbolic housecleaning of sorts and of course the deal with softbank this kind of a proxy confidence vote in the company and it has to be said that a lot of the volatility in hoover was associated with the person of travis callen ic and this new these new rules would seek to neutralize some of the volatility by. By limiting his position in some respects now this along with the fact that Mobility Solutions just in general are set to become a trendy investment field as younger markets move away from vehicle ownership so that could mean that hoover could remain an attractive target for investors all right well its certainly an attractive target for a soft bank chief executive a song andrea and i know that mr song seems to have an eye for drains he was an early investor in ali baba and we all know how that played out do you think it has any more surprise investments in the pipeline. I think he does judging by an impressive three hundred year plan that he laid out for stopping itself is he wants to be a Global Leader in the Tech Industry and if anything we might see more of such similar investments coming along the way all right under your hang there or market correspondent in singapore engineer do malone at the frankfurt Stock Exchange thank you very much to both of you. Are European Business leaders are meeting a british Prime Minister to resign may later today to voice concerns about the future of u. K. E. U. Trade off the brics it of course and the uncertainty is weighing on the british pound which extended its decline just against the euro to just about one euro twelve currency traders are spooked by the prospect of political instability that following a story in the sunday times which claims that forty british members of parliament have agreed to sign a letter of no confidence in Prime Minister to resign may and there are also concerns that a preliminary brecks a deal will not be signed by december this year more than half of land in germany is devoted to agriculture and while individual farms are getting bigger the number of people employed in the sector is shrinking and thats created a gap in the market for big powerful and most of all high tech machinery of the Worlds LargestAgricultural Technology fair currently underway in hanover its all about making pharmacy lives easier. An unglamorous task made easy this robot can clean up manure and sweep stables its made by a Company Based in western germany the prototype is among a host of high tech farming products on display at the aqua technica fair in hanover where the focus is on the future of agriculture. The main trends are digital is a shot of the information that are collected by the turn machinery and those are the functioning of the other code term machinery. Moving sector days getting very technological. The sheer size of the machinery can be breathtaking this combine harvester concussive with the twelve and a half meters this tractors engine both of horsepower of over six hundred it costs half a million euros. Agricultural products are an important german exports around three quarters of the Farm Machinery made here is sold abroad but not every market is open. To trump didnt invent America First protectionism is very strong in russia and in the entire Eurasian Economic Union were also seeing increasing protectionism is china. German company has a factory in russia this enables it to be classified in the same way a Russian Company would be meaning it can bypass the bureaucratic hurdles Foreign Companies would otherwise face when doing business theyre. Benefiting from support programs and that means being entitle to cheaper access to credit and funding like the locals. Here. But russian pharma scenery makers are keen to look where to the European Union in particular could be of interest as an export market. And thats your Business Update on day w. For now of course you can always find more if you follow us on facebook or on twitter. On disk or business and ill be back with the latest news in about forty five minutes so hopefully see you then. Meet young entrepreneurs eager to tackle level challenges and our series founders rally. In this episode how to energize the world with Clean Technology in malaysia thats now meet innovators who are working on alternative solutions to save the planet. More and more of our series founder sally. Do you believe the. United against climate change. Big challenges for the twenty third u. N. Climate conference in both. Our nations working to meet their Powers Agreement targets. G. W. Is there and reporting daily. From the call. Twenty three this week on d w news. Go. Back into the dive he says thats what i think its really important to give a bit of time and love back to the families who make so much effort. Its all about the moments that. Its all about the stuff inside. Its all about George Chance to discover the world from different perspectives. Join us inspired by distinctive instagram others at g. W. Stories new topics each week on instagram