Trouble with selling a world Famous Treasure trove want to do the dressed in themes in mind for their priceless jewelry heist. But come to do your business live from berlin i want to get jones good to have you with us starting with a blockbuster i p o shares in chinese ecommerce giant alibaba has surged in its hong kong trading debut in what is one of the years most anticipated stock offerings the company which is already traded in the United States raised more than 11000000000. 00 in its 2nd realistic shares of alibaba surged more than 6 percent in the 1st few minutes of trading on about us offering is a huge boost for the Hong Kong Market which has seen business slow amid the ongoing and partly very violent prodemocracy protests. And as were in the region already lets talk about chinas role in the current a bit coin decline the much hyped crypto currency has fallen to 6 months low partly because china has announced plans to take a harder stance against cryptic currencies in general but bitcoin has always fluctuated wildly in the past how often or doubling in value within a few weeks is not uncommon because the cryptocurrency react strongly to good news and bad news and thats whats been happening in recently when chinas president xi jinping spoke out in favor of strengthening brocton technology saying more should be invested and that boosted bitcoin share price but now that china wants to take action against bitcoin the price has collapsed so lets dig a little bit deeper now im joined by professor phillip someone from the Frankfurt School blocked chain ascent good to have you with us now 1st of all the obvious question is china really the culprit in this. China is very important here because its the largest market for who currency is they have to the largest number of currency owners and therefore actually whatever they have seen of the market thus created as we have seen and whats whats problem to china to change its tune 1st it was speaking out in favor of cryptocurrency is now it wants against them. 1st of all they have been against Capital Currencies because the felt that the market is turning hot with all the speculative speculation 2 years ago and now they feel that block chain as a technology will be key in the future and now the question is you know should they not dissenting to look to 2 currencies and b. And chain which they are trying to do variants for example europe and also the us is the acknowledged that in a group of currencies probably goes hand in hand so therefore 2 currencies are not beaten for example in germany but china tries to disentangle crypto and i watch that story that china is actually working on its own crypto currency thats called it the e. U. One. Thats true and its a fascinating project with this i would say that they are really ahead of a lot of countries all other countries ops causing an experiment in china hes ready to stop the debt digital 1 oclock train system but the critical point here what you ask mr burden because what china is doing here is not really a group of currency its just to stand out National Currency running on a block train system so its not really had to do currency as we have it in our mind you know not because im not in pure nothing just a local currency and not to talk for just very briefly given that china is so powerful is now good time to invest in cryptic currencies well as almost everybody has to decide on this earth himself because its also very very risky as we see volatility is high you can lose your because its a one id like to be able to be very honest you know in the background bangs Institutional Investors they are all Building Infrastructure for making a big call in a little bit more institutional rightly so to be honest i think its a good time at least think about investing in the current food for thought there professor Philip Sutton there from the fact that school thank you so much for your time. Yes. London has refused to a new license for a major blow to the right sharing platform regulators this say the decision is based on safety concerns but has been accused of putting passengers at risk with an insurer to drive but its faced other opposition from drivers of the iconic london taxi. Free biz 3 and a half 1000000 users in london this decision has been a Long Time Coming the refusal to give a new license to the right hailing company follows 2 years of arguments between and regulators now transport for london says enough is enough. Just the citys mass as has been failing to protect its customers that there are at least 14000 journeys where somebody using a store person driving them was one person but if i was being somebody else they have also been examples where drivers whove had their license suspended or dismissed have been allowed to continue to be a new driver these are serious failings he rejects the claim its unsafe saying its vetted every one of its 50000 drivers in london drivers like ilia he fears the loss of his main source of income. Will be very bad but. Not for me for all all of us so the whole vibe was what i was. Probably all going up. For so the car of the post so all the little. Master counts says drivers should reserve their anger through brit self for failing to improve its systems the news comes as a boost to londons famous black cabbies who potentially see a major competitor driven off the road as for other londoners if you get rid of it you got Something Else is going to walk straight into their steps anyway i say this that but i think its a massive issue of the draw the rush to the ball not really helping anyone really work for it. To be completely i think its a shame finally i mean everyone they know is a. Has 21. 00 days to appeal against the decision something it says it will definitely do. The mood on germanys executive flosses brightening thats according to the Economic Research institute months. The Confidence Index november score shows a slight improvement over october 9000. 00 executives said this situation and outlook for the coming javier was better than last months germany narrowly avoided a recession this summer keeping europes largest economy afloat out of buoyant consumer mood a continuing construction boom and a rise in exports. And as more data coming out today over now to our financial correspondent frank good. This morning we expect the latest data on Consumer Sentiment is it going to be as good as Business Sentiment. Well i think its going to be better thats already what you 4 showed a full basically showed an industrial recession and the services and the retail sectors polled very well at least in comparison to the industrial side the consumer mood has suffered a little bit under the slowing World Economy under all those headlines but you know the german consumer is still looking a good income in some cases and income increases and in very many cases still job security there are already very many firms which have an announced job cuts but the consumers are not that affected by that yet a preview of a good Christmas Season yes or no will come interestingly on friday that will be black friday thats a big shopping day here in germany as well but but talking of the Christmas Season i mean those figures yesterdays Business Sentiment and Consumer Sentiment somewhat surprising do they really reflect germanys economic reality. I think they do there was a slight increase in the mood on Business Sentiment but the it is a bit surprising and also the general g. D. P. Figures show that but its not a rebound in the economy one economist warned its a bottoming out and another one warned its too early to talk of a turnaround you have to see more months of stronger growth in order to claim that right to leave outs in frankfurt thank you so much and that is some of the other Global Business stories making news the c. E. O. Of the straight a 2nd biggest bank has been giving his marching orders to accusations westpac bank committed to 23000000 breaches of anti Money Laundering and counterterrorism financing the wars Financial Crime regulate is a pursuing westpac and the federal court for failing to report millions of International Transfers including payments linked to child exploitation. The u. S. State of texas has dropped its opposition to the merger of mobile phone Companies Sprint and t. Mobile usa announcing a settlement that would stop them from raising prices for 5 years 14 states and the district of columbia still planning action to block the 26000000000. 00 merger. And new figures show mexico fell into recession during the 1st half of the year revised data shows the economy shrank before flattening lining in the 3rd quarter the figures come one year after president under his own but i look to power promising growth. All right what to do with a set of priceless 18th century jewelry stolen from one of germanys most iconic museums. Unlikely to try and cash in on the pieces any time soon because the collection of the sexy got the royal house is far too well known and valuable. Once owned by the 18th century royal family these sets of diamond studded jewelry have been described as priceless theyre part of one of the biggest and most unique jewelry collections in the world and now theyre in the hands of criminals in just minutes they cleared a section of the display case in the green vault these pictures from the surveillance camera captured the thieves in action. Exactly how many items were taken is still unknown but the jewels the river size and purity rarely seen on the market anyone trying to sell just one of them at auction could expect to be arrested immediately auction houses and dealers all over the world will be scrutinizing any standout pieces and their owners the pieces may get melted down to release the precious stones which would add insult to injury for those who were robbed. These ensembles have stayed together they have significant cultural historical value theres nothing else like them in the whole world on the individual pieces and the materials are nothing in comparison to the significance of keeping the ensembles in the tablet. Market experts are now eager to see when and where the 1st stolen pieces turn up in circulation and whether or not they get recognized. And thats a Business Update here and now from you and the team and thanks for watching. What secrets lie behind. Discover new adventures in the 360 to. Explore fascinating World Heritage sites. World heritage 368 get me out now. Was the speech of his life perhaps his best certainly his most difficult chancellor and cool addresses the people of east germany shortly after the fall of the wall. The crowd hours for in germany. Journalist peter lim borg was at the scene. 30 years later looks back on the. President. Starts december 19th. W. Greetings from berlin and a warm welcome to arts and culture and a dramatic start to the week is burglars broke into one of europes largest collections of baroque treasure in eastern germany making off with diamonds and jewels and so well have more on that and also on these stories. The one and only tina turner by many as the queen of rock n roll turns 80 on tuesday. And we dive into the impressionistic 1st novel of turkish german author. About the lives of girls and women in rural turkey in our continuing series 100 german must read. All the green volts in the german city of dresden is the historic Treasure Chamber all of the saxon kings it got its name thanks to the molokai green painted columns in some of its rooms and it houses some 3000. 00 precious objects made of gold silver ivory and gems after world war 2 the russians carried much of it off to moscow but the saxons worked very hard to bring the entire collection home and now after a break in early on monday some pieces have gone missing again. At around 520 on monday Morning Emergency Services were called out to a fire in a power distributor investigators are now examine the possum