Of. Your children like chocolate. With on your smartphone. Or to make hopes the supermarket. As we go about our daily life human rights all run from the last moment when my. Invisible him. Live in the twenty First Century starting december second on double. Duty at. A verdict in the fraud trial of slick and his children the collapse of his drug store chain cost thousands of german jobs what will it cost his family. A boost for bitcoin the cryptocurrency cracks another record high ill talk to our financial correspondents in singapore in frankfurt about whether a bubble is about to bust and how the internet of things is boosting productivity for the factory floor all the way down to the bottom of your brother bit. By bit as well and lets do business the founder of the bankrupt european drugstore change flicka has been let off lightly but not his kids a fraud trial in toronto in slick has collapsed company has wrapped up a german Court Sentencing the seventy three year old tycoon to two years probation for embezzlement but two year prison terms for his children love and micah. Shy and there was no money left to help the Company Restructure in order to carry on otherwise i wouldnt be sitting here we certainly wouldnt have registered insolvency. But was there really no money left on paper it certainly looked that way Anton Schleicher had redistributed millions and given it to his wife and children the question of whether he decided to remove the money from the company because he saw bankruptcy coming has now been decided by the german court now there is legal clarity but the wounds wont be healed for some time to come creditors former employees and the schleck or family itself are all facing ruin. Another week another record for bitcoin the Digital Currency broke the nine thousand dollars ceiling early sunday taking just a week to move past its most recent record has been on the rise for about eight months as more and more investors take an interest in the volatile Virtual Currency of the critter currencies like syria have also seen a boost some Financial Experts have been less bullish on the currency and which have been warning about the risks of a bubble bursting. Lets go over to daniel cope outfit as a correspondent in frankfurt and. Youre standing by for us in singapore and lets start with you whats the view from asia is it all euphoria or a lot of caution. I wouldnt call i would describe it as euphoria a bit but there is certainly a lot of strong interest in asia is more developed markets are we talking about. South korea china singapore even japan which is where the big question inventor is from now a lot of this new boost of for the big market is credited to this strong you it does yes im from asia investors we are also seeing some great traction in other markets such as india indonesia and the philippines now these are markets that are seeing a lot of cross border transactions and big quite is eradicating that middle bit the banks the process making it easier for transactions to take place which is why the banks are like this at all will get that get to that in a bar but with Daniel Daniel first of all though how much bigger do you think this bubble is going to get before birth what i can tell you better from the frankfurt trading perspective that investors here are taking a boost around the bitcoin actually very seriously but theyre also telling me that its very risky just last week for example on one day within just a few hours the bitcoin was dropping by more than five hundred dollars now we have this new record experts are telling me that theyre also thinking that this record rally is going to continue a little bit earlier today i spoke to a whole lot however hes a Financial Market analyst here off by the bank and heres what he had to say about this. As a brush with you i hope its no surprise to me that theyre so popular people are pouring into bitcoins because the idea of crypto currencies is fascinating its a new object of speculation which has taken off dramatically since twenty sixteen one hundred percent and that is drawing the attention of the Financial Sector theyre trying to enter this market by introducing new Financial Instruments right now you only have limited options to invest money so Interest Rates are at the bottom end for many stocks have risen too sharply already thats why many tend to invest in the new cryptocurrency is so interesting daniel its also a really popular way of raising funds for startups but some call it a lawless land just just how risky is it what it is very risky because the thing is normally when youre for example invest your money and stocks or you know when you do a regular crowd from founding all of this is sort of regulated on the one hand of course by banks then on the other hand also by Venture Capital givers i would we talk about bitcoin this is not the case theres not really a law that in any way you know could forbit you to do something so thats why investors and also a whole bunch have a little bit earlier was telling me that this somehow needs to be also controlled by the government ok so regulators are closely watching this and china is also watching extremely closely cracking down on the crypto currency has it cracked down actually boosted the value of. Well most of us think it certainly has theres no real decision i just yet ben but if anything this points to a certain popularity a big point particularly in china and it certainly has boosted the value of big quite past the six thousand dollar mark in october and as daniel says it is only going to increase from there will do you when when are we going to get a common line on the cryptocurrency do you think because we mentioned before bank bosses have likened bitcoin to fraud at the same time you can now buy big futures and its accepted in so many countries as an official currency now. When are we going to get some sort of common line do you reckon just last week the bonus bank c. E. O. You had a friend for was stating that for him big calling is not a real money but yeah you just mention it you can buy Bitcoin Futures even im a zone thats the rumor at least might be announcing very soon that you can buy that you can do your shopping by paying with bitcoins so its really going to be interesting how all of this is going to continue for countries for example venice where this is already kind of like the second currency dont you cope thank you very much for your analysis from frankfurt and hang there in singapore for. Well the internet of things is going to have a huge impact on the World EconomyConsultancy Firm mckinsey says digitally connecting everyday objects will add up to eleven trillion dollars to global g. D. P. In the next decade it will change all industrial sectors and help us from wasting time and resources. Murray years of rude doesnt know where his job will take him today for years he and his colleagues had set routes now they change every day through seize on his tablet which containers to empty the information comes from sensors installed inside about fourteen hundred underground garbage containers in the hague around five hundred tons of Household Waste are thrown away in the city every day but only some containers get so full that they need to be emptied it took them some getting used to but the room now understands the advantages. Of the public feel both of them its better because you only empty the bins that are actually full so it saves a lot of time you can do more and only do whats necessary. But i think. Two years ago the Waste Disposal service hate mill use services introduced the sensor system made by finnish startup nevo they wont say how much it cost the sensors transmit data four times a day which the staff can use to predict when the containers will be nearly full for the company its about saving money long term and being able to make more accurate assessments but there are other reasons. If the bins are not full ten twenty thirty percent it doesnt require emptying it so it would be better for the environment for the traffic jams for the blocking of the streets for the safety of the people on the street to empty it once in two weeks for instance instead of two times a week so its all quality and environment those were the main goals where we introduced you and me for sensors in a vote system is met with skepticism in a lot of countries but theyre convinced that automation and online networking will also spread to waste management. We work from north to south so we started somewhere in finland and norway and go down eventually i guess that the whole of europe will be i. O. T. And waste different kind of for solutions from sensors to two other measurements on trucks. The hague wants to permanently install sensors in all seven thousand plus containers in the city despite the increased productivity there are no plans to cut jobs to ruin his colleagues arent worried they still have plenty to do and theres no slacking off now. Oh yeah yeah the system sees where you are in every location they can see on the screen straight away what youve collected and what you havent let you know. And its kind of the mystery. That means less wasted time and effort and less chance the city is throwing away its money. And just a fading out top stories for you a verdict has come in for the like a trial the boss of the company has been put on probation for the next couple years his children are off to jail thanks to his will so and also a boost for a big coin the cryptocurrency cracking another record high. And business with. Me young entrepreneurs eager to tackle the challenges in our series founders rally. In this episode for the future. In indonesia where you have the Story Information on the question is how can we feed them all like what we have to do in order to. Feel like a starting point two feet after. Next on. Every journey begins with the first step and every language with the first word always been. Nico is in germany to learn german and why not learn it hell its simple online on your mobile and free stuff for d w z learning course nikos fake german made easy. Sustainable protection for the earth ideas designed to preserve our ecosystems and they exist around the world. 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