And Plastic Waste in ocean waters usually it rings all the alarm bells with environmentalists not this floating device that will take you to rubbish island. Im chris cuomo welcome to the program all eyes are on the European Banking Congress in frankfurt today the Continents Financial policymakers come together to find out what the new European Central bank chief has in store for senior guard is expected to make an appeal for unity following the strong disagreements over policy under her predecessor but shes not expected to announce any changes to the 0 Interest Rate policy of the European Central bank for no isa b. Has kept its key Interest Rate at the record low of 0. 0 per cent for more than 3 years. Financial correspondent on advice is covering this meeting for us. On. How happy are the heads of the financial world that are gathering there and frankly how happy are they to see Christine Legarde and would they wish for somebody else with a different set of monetary policies. But actually i think the planets industry does not not like Christine Legarde so to say because shes known as being quite pragmatic shes not a Monetary Policy often dogs so meaning that she understands the financial industry shes very of all connected in it and so i guess of course but bangs and the pension fund and Insurance Companies dont like the Monetary Policy status of the European Central bank because its very difficult for the negativity posit rates and the 0 Interest Rates to operate being profitable in a bad environment but not as a person as such is actually acknowledged to be a good choice to be the night of the new e. C. B. President and this is the e. C. B. Earlier this week said that its all true loose Monetary Policy could actually in danger of these stability of the Financial System why is the e. C. B. Likely to stick to that. Because the c. B. Has a mandate and the mandate is inflation and the c. B. D. And its policy makers to think that the only thing they can do to spur inflation is to keep the Interest Rates at record lows because anything out dampen Inflation Expectation thats why they doing that of course at the same time they are seeing that for example real estate prices are rising equity markets booming on the back off their policy and they are saying clearly there are risks building up in the system and they need to monitor monitor them very carefully now the European Banking Congress concludes days of seminars meetings lectures about the state of the financial world what are the leaders of the business saying how do they actually how do they think they can make you generate revenue in such challenging circumstances. Its a shrinking market everybody is saying that we have a couple often bassman banks outlooks for the next years already out which is very traditional at the end of the yeah like almost everybody things that were headed into a decade off low volumes low ball until a t. But its still also a consul a day shut off the sector meaning that the sheer amount of work trading and by that most likely also the banks because what we are seeing a sequential downsize and banking. Intelligence is also helping digitalization will also mean that less people will be needed and essentially thats the name of the game the Banking Industry as such is shrinking. Financial correspondent on a device reporting from the European Banking Congress and i thank you. And now to some of the other business stories making headlines a Chinese National who worked for monsanto before the company was taken over by buyer has been arrested in the United States is accused of stealing trade secrets from the American Company for the Chinese Government shared work Space Company we work says it will layoff 2400 employees globally to cut expenses and stabilize the business to ban soft bank has worked before why did we work with a 9500000000. 00 lifeline and will soon own 80 percent of the shares. It is to south africa now and Livestock Farmers there are suffering at the hands of one of the worst droughts for 40 years the severe dry period has left many of them struggling to keep their animals alive the United Nations warns that more than. People are facing crisis levels of food insecurity. Is the deadline these boys are carrying has just died of starvation endless drives is hitting most of south africa especially the carucci islands of the eastern cape. Many sheep ive already been lost after food and water simply run out now the farmers have to share their own food with their livestock. Anybody out of here but what about the people fled to medical and at the scene as they can leave you know its all i can really give him because i dont have the money to buy the milk to feed them as they should be fed and then we have those we used to feed them in the past and the top would work dishes or ones we just alleging that much this is the result of the drives that we struggle like this. All is so sick and only once. On a most postured in the open suffer most many farmers have lost most of their free range herds. Pretty far to sort of are sheep. For. So even though for us to surrender to our interests and become an informant than. I have. For over 54 for the market for the anyone except for theirs or didnt. Do even the marrow is certain they will survive this ordeal even though the situation is dire. Schools here provide food for their students because too often theres no food at home. Harvests have completely dried up. Which. When they are screwed they become heavy for them to meis been taught to be its. Because of feeding kids a. Large commercial farms are now sharing their feed with small scale farmers but that doesnt bring an end of the drives on you closer. Use less plastic thats a demand by many environmentalists as blasting in our oceans is a major threat to marine life now one resourceful ecologist has come up with a creative and harmless way to combine plastic rubbish and the sea. A Treasure Island but not as you know it this floating paradise parks not with gold plastic. 700000 pieces of. Bringing buoyancy. Its the creation of this french entrepreneur who wanted a way to turn waste into one. I was studying here and people from the marina were all on the edge and so thats how i discovered that its advantages and its disadvantages such as the pollution. And so little by little my idea of building a travel boat turned into how to build a system a Village Corner by using the pollution in the lagoon. The drums. The resulting entertainment resorts has become a draw for curious locals until just. For 25. 00 guests can spend a day on the island dancing eating drinking swimming and even sleeping. That for many. Of them its really innovative ecologically it was something that was really worth thinking about and its the place to be sometimes because it proves that nothing is wasted nothing gained everything can be preserved so they did something really innovative and i had to come and see for myself that this is. Its a world away from the sea of plastic that surrounds it becker and his team do what they can to clean up the shores here and hopes his idea will encourage others to recycle. He admits his efforts alone are just a drop in the lagoon. It is the time of year which all french wine lovers have been waiting for a blue. Lenovo season the wine is very popular in the United States but will a new 25 percent tariff hurt sales this year. These young women in the french city of leone have something to celebrate the next shipment of those really nouveau has just arrived in the harbor the young wine is a favorite tradition among french consumers maybe this barrel being rolled into the city will stay here and beyond but 15 percent of bushel a nouveau is exported to one lovers in the u. S. Wine makers here are trying to wrap their minds around the certain 25 percent tariffs that the u. S. Has imposed on french wines such a hike in prices can be devastating. For us from my winery at least it hasnt had too much of an impact we didnt lose any order. But were worried about the coming year that tax arrives so suddenly its very substantial and we wont necessarily be able to pass it on to consumers in the United States as weve. Been planning on exporting to the u. S. For some time now the tax doesnt really affect me because i think the United States is a good one market anyway not just for bush or a nouveau riche i do think we can risk being priced out of the market there and we dont dare lose our image in the United States. But usually nouveau producers wont have to because u. S. Dealers and merchants decided to pay the higher prices themselves. That way consumers can still buy this years bushel a nouveau at the attractive price of between 10. 00 and 15. 00. Pickup trucks have high Profit Margins and now electric car maker tesla has entered the market with its socalled cyber truck weighing in at over one and a half tons of this supposed to accelerate faster than a porsche 911 according to the Company Founded in law must the truck also feel. Unbreakable safety glass which turned out not to be quite so unbreakable the futuristic looking vehicle comes with a price tag of 40000. 00 but it might take years until it makes it into viewerships has limits. My god its a show thanks for watching. What secrets lie behind. Discover new adventures in the 360 get. To explore fascinating World Heritage sites. W World Heritage 360 maps now. Their wealth isnt calculable. There it goes in synch with. Their rivalry deadly. 3 princes. Dream of being the power of. The rival princes a sports nov 27th on the d w. To welcome to news from the world of arts and culture are merrill and coming up in the next quarter and now. The British Office live brand of murray and his wit of wonderful wearable sculptures that can take up to 2. And a very skilled workmen ship involved in making maps which is straight landscapes in a more optimistic way. But fust the city of birmingham Symphony Orchestra in the u. K. Seems to have a bit of a knack of finding talented conduct as the current music director is the lithuanian conduct a mega grows in need. Appointed to the post while still in her twentys rather like one of a pretty discusses simon rattle now just 33. 00 shes the 1st female conductor to have an exclusive contract with a leading classical Record Company gramophone and is in much to mom as a guest conductor as here with the door. Is one of the most exciting conductors working today here i dont want to call her my strength. The 33 year old lithuanian to be a regular exclusive guest artist here for 3 years her repertoire include