Desperately needed rain brings relief to farmers along parts of australias east coast but is it enough to break the drought. This is the the way of business im in and berlin apples days as the worlds most valuable publicly traded Company Might be numbered set to topple it from the top spot is saudi arabias around the kingdoms market regulator has now green lighted the listing of the state oil giant but details surrounding the size and scope of the i. P. O. For me ill defined. After years of waiting saudi aramco for its biggest climate pollution are on the worlds most Profitable Company will offer investors a piece of the kingdoms prize a. State owned aramco accounts for 70 percent of saudi arabias revenues. The i. P. O. On the Riyadh Stock Exchange could value the company a 2 trillion dollars and make aramco worth nearly as much as apple and microsoft put together. Before i. Go i think we are. Listing which will increase our visibility internationally we are a very Strong Company by sharing a lot of information as required by any listed company that will be a lot of analysts that would review our data and conveyed it with other listed companies. Aramco accounts for 10 percent of the Worlds Oil Production and the company has the biggest Carbon Footprint in the World Climate campaigners are worried they want fossil fuel companies to scale back and cut Carbon Emissions not to expand this is a move in the opposite direction. But the economy of saudi arabia must change to survive well comp last forever some analysts say around 70 more years Prince Mohammed bin wants cash to diversify. The prince wants tourism manufacturing and Renewable Energy to drive growth in the post oil world he has major ambitions to transform saudi into a top 5 Global Tourism destination. Now iran causeway to an i. P. O. Might be overshadowed by risks like geopolitical tensions in the region or ironical as a vulnerability in the face of attacks like the kind that took place in september earlier i asked our wall street correspondent yes quarter how big of a consideration these risks are for investors. Well overall the numbers are quite stunning just if you look at the profits in the 1st 9 months of this year it was more than 46000000000. 00 to talk exxon mobil for example 4 and a half years to even come close to those numbers so if you look at amazon dot com also one of the Richest Companies when it comes to market valuation on the planet since their start they made about 40 percent of profits what saudi aramco did in the 1st 9 months of the year but clearly there are risks involved and were certainly waiting for me details also who might be allowed to buy stocks in saudi aramco in the past the only big Institutional Investors with a search on the management of more than 500000000. 00 or even allowed to invest into saudi traded stocks. German car bosses met with lawmakers in berlin to discuss how to get more ecards on the road as germany struggles to meet its environmental targets and it looks like increasing consumer subsidies is said to be one measure but pricing is far from the only challenge the summit comes as europes biggest carmaker for its fun begins production of its big bet in the mobility the id the idea 3. 00 is the companys 1st purely electric mass market model but infrastructure remains a major issue germany doesnt have enough charging stations to accommodate a large scale adoption of electric vehicles. Our reporter was on site for us earlier and a cult she called the idea 3 thought songs do or die bad for its future theyre planning to make respondents because the biggest plant in europe for electric cars which is huge and theyre planning to actually produce 330000 cars a year and if you think about it in the 1st half of 2950000 cars roundabout when you leave registered in germany so it does show about a lot of v. W. Is future is riding on the electric car and its a very very big to make basically. Now after that journey into the future of mobility how about a brief glance at the Rearview Mirror its because our flight song is churning out its ultramodern ecards as we heard there was once the production site of the iconic a car that came to symbolize germanys former east as festivities celebrating the 30 Year Anniversary of the berlin wall kick off what better way to tour the neighborhood of history than in a truck the. The sheer range of cars on display here is a testament to the because rich automotive history the industry here dates all the way back to 90 you know for. But in 1949 when communist east germany was founded the factory shifted gear and production was focused on this car the trip and powered by a smoky 2 stroke engine it was billed as a car for the people but money and politics were to shape the turbulence production history this more modern prototype with a 4 stroke engine never entered production thats because the government like the money to do so. And business design from the 1970 s. Was cancelled because it threatened to outdo the soviet built lada several other vehicles that have been planned at the same fate. The time didnt change much over 30 years of production of the factory was inefficient and there was a waiting list of 15 years to buy one. When the berlin wall fell in the vendor 989. 00 the cars captive market disappeared production of the true brand ended less than 18 months later. Now to some of the other Global Business stories making news one of 3 parachutes failed to open during a crucial unmanned test of boeing c. S. T. 100 starliner despite the parachute failure boeing declared the spacecraft abort test a success the system is designed to propel the crew to safety in the event of an emergency the starliner will ferry astronauts to and from the International Space station apple says it is committing 2 and a half 1000000000 dollars over the next 2 years to help address the shortage of Affordable Housing in california and reduce homelessness apple says its efforts are geared to help Community Members like teachers firefighters 1st responders and Service Workers who can no longer find affordable lodging. Its been almost a week since lebanese Prime Minister saad hariri resigned following widespread protests that have been raging since mid october calling for an end to deeply rooted corruption and mismanaged rule but thats almost has cost the country economically the w spoke to the governor of the Lebanese Central Bank may feel here and in the next report. The protesters are blocking major roads in lebanon again just days after they dismantle the roadblocks following Prime Minister how to decision to step down they dont trust the promises of the new leaders and honest i did outside people that are promising reform are the same ones who ruin the country initially they arent just doling they are undermining the situation has become an obvious that a little bit you know how did it all i must leave because they are all thieves from the top of the pyramid to its base. Was a lot of. Lebanons economy is ailing corruption is rampant and debt is spiraling youth unemployment is at almost 40 percent some analysts say lebanon is on the verge of bankruptcy riyad salome the governor of the Lebanese Central Bank told d. W. In an exclusive interview that thats not the case. What i said is that we need solutions within days to regain market trust the lebanese economy will not collapse within days the situation is now in the hands of the political leaders and parties. Because the starting point to regain trust in the normal running of the economy is in the hands of the countrys politicians. But time could be running out many schools stores and offices are closed due to the roadblocks people cannot get to work supplies are running out economic pressure on the government is mounting. The heaviest rains in years have so parts of New South Wales in australia that comes as welcome relief in a region region experiencing some of the worst drought ever but longer term the forecasts are still grim. Videos have gone viral showing children a New South Wales wallowing in the mud and a happy drenched young farmer takes a selfie with her relieved livestock. The Weather Bureau says parts of the state received nearly 100 millimeters of rain over sunday the most in 7 years and not before time. Cattle drink like their lives depend on us and many farmers have already given up. Bryan hunt is not exactly ecstatic despite the rain. So many tanks and. Tanks its too little to make up for the damage already done by the dr many farmers lost their harvest again this year but for the 1st time theres hope. That if we can get follow d up but we noted pretty quick. To be. Much much more would be needed to restore normality to the Farming Community it would need to rain for weeks months some even say years. Thanks for watching. Carefully. To dig a. Few. Discovered. Her. Subscribe to the documentary. I think is everything 1st i became a muslim. School much different culture between here and there challenging for if. Least. To some of the so i think it was worth it for me to come to germany. I got my license to work as a swimming instructor should now our 2 children one who dont subscribe to just. Whats your story take part share it on info migrants dot. Com not all think out of the jam. Just sometimes out place and nothing which would happen. Thanks deep into the german culture looking at the stereotypes the question if you think the future of the country that i know not. Yet you can see everything that is grandma down to me its all about ok. Im rachel join me for me to get you. Post. Greetings from berlin and a warm welcome to our arts and culture news and at the top of a big week here in germany heres whats coming up on the show. Looking to the 30th anniversary of the fall of the berlin wall later this week former east germany civil rights activist tells us how she experienced the night of november 9th 1989. And the beethoven pastoral project inspired by his famous 6 symphony. Actively with todays urgent questions of Environmental Protection and climate change. But 1st the fallout of brechts it whether it ultimately happens or not has been felt in the british capital for months now Many Companies with u. K. Operations have announced plant and Office Closures and london itself is hard hit as banks and Financial Firms take precautionary measures with many shifting assets to the european mainland no wonder then that the art market has reacted in kind with many london galleries making their contingency plans and so far the winner on that front is paris. Art dealer Davids Warner has 3 galleries new york one
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