A new factory for the carmaker tesla the b. V. I. Say that hope the decision would set a precedent for other blocked Industrial Projects in the country environmentalist said softy tree felling in court saying that the public have not been properly consulted the gigafactory site is located just outside of the lynn and will be teslas 1st year of production is set to begin next year. For i just take a closer look at the story with the fine man from the European School of management and technology in berlin yes youve done Extensive Research on the mobility and the convergence of energy and transport it is good to have you on the program the announcement that teslas to set up shop in germany has energized the whole region is considered has been labelled by many as a flagship project as a sort of a beacon project of industrial manufacturing do you agree yes in many aspects so on the one hand we do have. A twig effect fall the bird in ecosystem full mobility we have a lot of Manufacturing Activities that analysis witching and tesla has always been appealing in trying to establish a completely new type of automobile its less cobber the computer but its more like a computer has 4 wheels even though even though if you look at the at the production volumes theyre just a fraction of what other car makers are putting on the market annually it has a massive 2nd inning effect what company has been doing because they have been able to conquer certain premium Market Segments that caught all those strategies of people in common effect or as in germany and all of a sudden theres this competitor coming out of the blue that is just taking a massive market share right so what exactly is it that tesla is having an advantage here is it just the fact that its it has these cars that its cars run on electricity others dont but i think theres a legacy effect with the german common affection as they have been using the german o. E. M. s the Service Companies and manufacturers that up producing individual components and they have been putting these cars together so at the moment what happens when you want to digitalize that its the same thing that theyre using software from all the players and theyre trying to combine it with tesla has some sort of unified strategy to get almost all the software being done inhouse so its a much more consistent system business complexity that this that pushing ok now where does this leave the german carmakers basically their new big rival is setting up shop right on their own turf is that more of a threat or more of a chance i think the german common affection and good track to catch up maybe there were some weaknesses in the beginning with the 1st model instead of e. D. S. But very quick in learning to invest. Billions literally. To make these electric vehicles. Comparable to tesla however way i see the biggest fear for the german car industry is not the big ones its rather these small and medium sized o. E. M. s the middle and that are producing individual components for combustion turbines. And bust and engines and that is a they will have a problem yes weimar of the European School of management and technology thank you for your visit this morning. Now work for the tesla factory outside of berlin is just beginning but already a ray of other companies are pinning their hopes on the ecar maker they predict a tesla production site could create a whole ecosystem for them to thrive in and give the east of germany which has for decades seen industrial manufacturing to find a boost on top of that. Just a few more batteries to build and then thats it for the next few days theres a dip in production at test Fulton Brandenburg supply a calm keep up deliveries of the require attack the company is feeling the downside of the emo billet a boom empty shelves in the warehouse where crates would usually be piled up high the boss of the battery producer says such a production bottleneck is nothing new the industry is booming thats why founders in one shanda has doubled his staff each year hes even considering building more space no problem as the land prices in the east of germany a solo. Heres a stop up just not really where a startup so of course costs play a huge role we also have a location here with 4000 square meters of pure production and Warehouse Space thats a key reason why we set up shop here record for windows or because it without a single square metre of building plot costs around 70. 00 euros and brandenburg in the south of Germany Companies can expect to pay 420. 00 euros or more since tesla announced its gigafactory the area is beginning to look like a key location for europes the mobility revolution but whos profiting from who is listening to big this has an all popped up because of tesla but rather tesla came to brandenburg next to berlin because all the startups are in the area there are people who can be trained there that would be of mutual advantage each side benefiting from the other that would be a positive who opposes the tech startup and the energy could get inspiration from its new neighbor tesla here in the production whole idea is a forged into prototypes after many hours of design work by engineers at charging station that makes electricity out of biofuel the bosses are already looking forward to the top dog moving in next door. Its amazing its given the area a huge uplift. Oh. Well you know to say in brandenburg things are moving forwards here the uplift in eastern germany is finally taking place but. The engineers want to bring their 1st charging stations into production in 2021 now that tesla has the go ahead to clear space for its gigafactory the route is clear for the 2 neighbors to launch production at around the same time. The price of gold has hit a 7 year high as investors flock to safe haven acids amid corona virus fears that steer the price of gold increased by 20 percent. And it has kept surging this year not least because of anxiety over the outbreak in china asian stocks have fallen sharply and the japanese yen has hit a 10 month low. But for some more analysis lets bring in our financial correspondent corner of booze and frankfurt conrad the markets seem to be still in the grip of the coronavirus there. Absolutely chris the one topic dominating trading floors all over europe is the potential impact the Economic Impact of the coronavirus how many more sectors might be affected and how strong even very positive Economic Data from germany does not really lift the mood on the trading floors the latest purchasing Managers Index for germany is up and even the manufacturing component of this index is on the rise but the Market Institute which calculates and publishes this index says that the corona virus may pose a threat to future exports so even this index is seen in light of the topic coronavirus and positive data has to be taken with a big well i dont know whether grain is the right word a big chunk of salt i would say the current g 20 finance ministers are meeting over the weekend in the saudi arabia are they likely to decide on anything to address the economic fallout. Well the reserve bank chief of japan how do he said in parliament in tokyo today that the biggest topic on the agenda at the g 20 meeting this weekend will for sure be how the coronavirus affects the Global Economy but mr couper also says that he would like to fully Exchange Information and opinion there and it was not yet time to discuss whether additional monetary easing was needed so i think we shouldnt expect bold announcements from the finance ministers and reserve bank chiefs of the g 20 countries there are not the board from the frankfurt started strange honor thank you. And now for a quick look at some of the other business stories making headlines car sales have gone in china. The spread of the coronavirus continues to rattle the Global Economy and Industry Report says retail sales of passenger cars tumbled 92 percent in the 1st 2 weeks of february compared to a year earlier a survey that shows japanese manufacturing has gone through its biggest monthly contraction in 7 years thanks to in part to the coronavirus economists say the fallout could even tip the worlds 3rd largest economy into recession e. U. Leaders are meeting in brussels to discuss the blocks budgets for the next 7 years on the agenda how to bridge the 75000000000 euro funding old created by briggs that theres disagreement over plans to slash rebates countries receive on their e. U. Budget contributions. Its to jordan now and the countrys capital amman has plenty of coffee shops and that means the competition to attract customers can be fierce cafe owners need to keep on their toes if they want to stand out take a look. When. Left his home in yemen and moved to jordan he missed his family and he needed a job so he put 1. 00 and 1. 00 together started at a local coffee shop and brought his ancestral traditions along ever since hes been dancing on the jop. When i came from yemen i did not know what job i should get i managed to work at this coffee shop and i like being a barista because its a fun job you can laugh with your customers deal with many people and manage to meet a lot of people through coffee i love this job very much. And it shows every cup of coffee every glass of water dances it all the way to his customers and hes attracting more of them every day. His unique movements and the atmosphere he creates dancing on the street honestly i come here because of him. And hes not the only one coffee shop has seen quite a boost in business since he started this daily dance routines. And the rest of our program if you want more go ahead and check out our website www dot com slash business or follow us. Thanks for watching. W. s crime fighters are back with africas most successful radio drama series continues through not only because those are Available Online the course you can share and disco song w. Africas Facebook Page and other social media platforms crime fighter to me now. Im not laughing out of the jam i just sometimes i am but i sound off in which the company. Thinks the printer jemma culture of looking at the stereotypes question and hears think its me from the country that im playing. Need it seems ridiculous grandma there you go its all about. My my show join me from the german sunday w. Post come come. Come. Hello and welcome to arts and culture the big culture story today is of course the opening of the belly not the Film Festival but this has been overshadowed by this terrible event in the city of how now near frankfurt a suspected far right extremist carried out an attack on to hook up as whether clint. From lots of different cultures now this is also being seen as an attack on our culture in germany and there was a minutes silence before the premiere of the 1st film at the betty nona have also been various reactions from people in the arts world including here one from the pinnace ego levitt who himself has been the subject of right wing extremism in the past he expressed a mixture of grief and rage and wrote at this moment every single one of my thoughts goes out to the victims of the terrorist attack of how now as well as their relatives i feel the deepest sorrow and speechlessness my rage at the perpetrator and those who paved the way for him in parliament spokes and media will come later. Just one of many reactions but we do move on now to the Film Festival ill be talking to a man david levitz whos down a heart of the festival in a minute but 1st of all its the 70th edition of the belly now its under new management