Has achieved and Lunar New Year celebrations provide a boon to vietnams incense villages. And first of colburn berlin good to have you. Google Parent Company alphabet boasted strong profits in the Fourth Quarter but still saw shares slip in after market trading in the United States the firms eight point nine billion dollars in profit beat expectations revenue was up twenty two percent from the same period a year ago but the glowing Earnings Report was overshadowed by concerns that the company is spending too much too fast among others in research and development. For more lets cross over to frankfurt and our correspondent Paul Christian brits paul one analyst said a growing Company Needs to invest so what are. Some sort of out here. Yes certainly investment is a good thing because it makes a Company Ready for the future and drives innovation but of course investors also want to see a return on investment and right now they dont see that in all areas for example googles robocar division way moe has increased its losses by seventy seven percent but hasnt increased earnings in the same way google is also spending a lot of a lot on Tech Infrastructure to boost its Cloud Services where it is competing heavily with market leaders amazon and microsoft to catch up and investors dont see their return on that either because the numbers for that arent disclosed separately theyre there bird in googles other business category hawker service in frankfurt thank you. German budget carrier grounded all its flights after filing for bankruptcy monday night the Ailing Airline struggles became clear when it couldnt pay workers last month the money is just the latest carrier to declare bankruptcy in germany after a bilin did so more than a year ago particularly low cost operators are facing headwinds europes biggest Budget Airline ryanair recently announced plans to slash spending and the twenty nine thousand outlook isnt rosy rising fuel expenses and falling ticket prices could hurt airlines bottom lines. He once was known in india as the king of good times famous for his lavish lifestyle but now billionaire business tycoon victim aliya looks set to return home to face charges of Money Laundering and fraud this after mondays decision by the u. K. s home secretary to approve an order for his extradition. This is the man the Indian Government has been trying to get its hands on for two years v. J. Malia shown here on his way to course in december moved to the u. K. In twenty sixteen he left behind him in india over a billion dollars in unpaid debts among the lenders to come ashore india station owned i. D. B. I bank. Mondays ruling which malia can appeal means he can be extradited to his home country to face charges of Money Laundering and for all its. Responding to the decision indias finance minister our own jackley tweeted Modi Government clear is one more step to get mali extradited going on to accuse the opposition of supporting scam stories in an unrelated matter. The case has become the focal point of indian Prime Minister new ranter a modis pledge to crack down on what he calls crony capitalism. P. J. Malya initially made his fortune from Kingfisher Beer after inheriting the company that makes it from his father he later branched out into formula one racing staying in control of the force India Formula one team until as recently as june of last year but it was aviation that was his downfall the charges against him relate to the collapse of Kingfisher Airlines in twenty twelve. Indias government accuses the tycoon of conspiring with banking executives to obtain large loans he had no intention of repaying. Malya maintains the airlines demise was a legitimate business failure and largely by high oil prices. German chancellor Angela Merkel met the Japanese Emperor Akihito home at tokyos imperial palace on Tuesday Morning this could be miss america also last such meeting with the japanese royal as the eighty five year old archita will abdicate the throne and april due to his age the german chancellor is in japan to promote bilateral relations and a wide ranging Free Trade Agreement between the European Union and japan and went to in fact last week has been traveling with a Large Business delegation. So lets talk some more about the chancellors visit to japan with dennis nor hes the president of the kill institute for the World Economy welcome to the program dennis this was im going ackles fifth visit to japan she wanted to promote a world of cooperation of multilateralism other than calling for it what evidence is there that she achieves her goal. There is lots of the evidence this comes on the back of the biggest trade agreements that weve seen covering one third of the worlds g. D. P. Six hundred thirty five million. People and so this big trade agreement between europe and japan is a big deal and the fact that it includes elements like climate and other multilateral issues is extremely significant because it shows the world the voice of multilateralism is alive and well and she found. A suitable partner for that the japanese Prime Minister yes japan is now firmly associated with free trade and globalization and that comes at a really critical time as we all know now japan and germany are the number three and four of the worlds top economies i wonder both of these economies nevertheless rely heavily on china the number two in the world economies i wonder what germany and japan can do as this trade war between japan and the u. S. A lingers on to improve their position. I think there is little that they can do but the thing to keep in mind is that countries dont compete in International Trade its global value chains that compete and countries is simply the ports through which these multinational global down needs a flow and if tariff school all in the United States and in china then these value chains will adjust still find different channels to produce these goods and services and that will hurt china the United States will help you know japan and canada or mexico and others. And that is the way the World Economy works presence what do you see just from this ties between japan and germany. Own economic point of view there are lots of ties first of all concerning the new digital age there are big challenges concerning how to deal with aging societies there is agriculture that has opened up the car industry that will all be affected to the detriment of the United States now i got america on a trip said that germany and japan will push for a reform of the World Trade Organization you are also the head of the Global Solutions initiative which is advise in the g twenty the group of the twenty biggest economies of the world i wonder how do these multinational bodies multilateral bodies as the wall trade organization as the g twenty how do they need to change in order to live up to the challenges of a more fragmented world that were seeing today that this is i think the basic question that the Global Solutions initiative the dresses we live in a world that is integrated economically that fragmented socially and politically and thats why in our summit march eighteenth nineteenth in berlin we will should deal with the question on how these International Organizations can do more for society not just economy. But also tie in people who need to know that in order to manage the global problems they need a National Identity but they also need a trans National Identity that will enable them to cooperate to give a signal to their politicians that such cooperation is desirable dinosaur president of the kill instead for the World Economy and head of the Global Solutions initiative thank you for your visit. Now one sixth of the worlds population is celebrating the Lunar New Year today happy new year if youre among them now helping people celebrate in the traditional way it can be big business lobby least for the incense makers of you have now. Welcome to just one of several famous incense villages dotted around. Here on the outskirts of hanoi dozens of workers have been whistling trying dying bamboo to meet the booming demand that comes ahead in the new year a worker is part of this Cottage Industry can earn up to four hundred thirty dollars a month in the run up to the holiday thats more than double vietnams average monthly income. Here nato partners to work you know. This job for so long its raised to me as well as many generations to be in the past people who are poor. Thanks to this job many have gone on to study at university ive also raised two of my children to go on to further study. Most households around flying village are involved in the incentives trade and the center of every patch they make is tailored to match the tastes of their destination over the new year people crowd into temples all over vietnam and light incense sticks during their worship. But in the ancestral homes. Incense is an indispensable thing for worship for me i usually use incense which has a traditional send such as something. I dont use in senses that have a smell of her family or chemicals. Thats our show thanks for watching and. Lets. Take a closer look at modern culture from. The. Culture of. The extreme begin. To. Know their stuff. And to finish. The party and chat with musicians from around the world. Groups every week w. L o and welcome to news from the world of arts and culture im Robin Merrill and heres a look at whats coming up today. We find out how you successfully combine eighteenth century opera and contemporary dance. We take a literary dive into the underbelly of the Weimar Republic in our latest installment of one hundred german must reads. And we visit an exhibition of christiane of yours iconic fashion in london. Bots we begin with a production thats new to the hamburg opera its the baroque opera and your idiocy directed by the legendary choreographer. Who has been bad a director there for over forty five years so is this an opera or is it a ballet well actually its a bit of both a choreographed opera if you like bending the genre a little which noir is celebrated for. His tragic opera ofis and you really see christoph look at one time revolutionize the world of music director and choreographer john knew maya continues this revolution with his production in. The version is done as a synergy of music and its a good sound. Well synthesis of the arts. Is all right it was pretty she couldnt get into