And evaders discuss another break suppose phone meant to show you why people in a small french town are hoping just that. Its true business the Worlds Largest oil conglomerate saudi aramco has raised twelve billion dollars with its First International bond issue high demand is seen as a good sign for a planned initial Public Offering that the company has delayed several times now it is currently planned for next year according to crown Prince Mohammed bin salmond who oversees business that saudi aramco he and his country have come under fire following the murder of saudi journalist Jamal Khashoggi in october but investors appear to be looking past that and to focusing on profits again. Lets bring in now correspondent in frankfurt whos following this story very closely conrad first of all just clarify for me if investors are suddenly turning
a blind eye or have suddenly forgotten all about this murder case of a saudi journalist. Ben i think its fair to say and safe to say that investors are moving on you know last year when this murder happened a lot of Business Leaders were very eager to criticize the saudi government for example by not joining this Conference Call davos in the desert but very quickly Business Leaders have returned for example seen an important and large german conglomerate. Lets listen to what joe kayser the c. E. O. Of siemens had to say in an interview today w. When our colleague Kate Ferguson asked him about this terrible. Was it a terrible burden or absolutely it was a terrible murder but dont hold a country of thirty four Million People mostly young people hostage for maybe maybe a murder you know which could even be political influence no you dont because you
know there is a process to go after murder and hopefully find out and you know get a conviction but in the process you know i think everybody deserves the right to follow the process but it needs to be followed so we have to almost Three Thousand people working for siemens in the kingdom so what they may tell them you know not doing business anymore abandon those two thousand people just because there was a terrible murder in turkey. So it is not that simple its not that black and white its. Come at a very interesting take from joe k. s of the seamen c. E. O. But back to saudi aramco specifically just explain to our viewers why such a Profitable Company the worlds most Profitable Company has to sell debt thats thats what a bond issue is. Through you know even though saudi arabia really has a lot of money and saudi aramco really makes a lot of money. Both also need
a lot of money the country is in a transformation from an economy thats relying one hundred percent on crude oil to a more diverse the diversified economy and this of course costs a lot of money also this transformation means that both the country and the company have to become a bit more open they have to become more like normal countries and companies and by doing this bond issue this launch of a Corporate Bond saudi aramco seems to communicate listen this is where we are this is what we have to offer we are trustworthy we have good conditions for investors and this of course is a good precondition for a future i. P. O. Of floating of the shares of the company here but hang on a second you said transparency there when are we going to see some transparency about when that i. P. O. Is going to be. Well thats that transparency is really in the making here
right crown prince who is in charge of saudi aramco recently has said that the i. P. O. Will happen in Two Thousand And Twenty before that it had been communicated that we have to that we have to wait till Two Thousand And Twenty one its unclear of course a lot of this will also rely on you know the condition of the International Financial markets but youre right the Company Procedure is not one hundred prints and transparent they still have to work on that corner abusing with the analysis there and a few suggestions for saudi aramco the most Profitable Company in the world in frankfurt thank you. Asian markets mostly reversed early losses on wednesday but investors remain nervous about quite a lot washingtons Terror Threats are also spoke by breaks it will get to later in The Show First Will China stick to its promises its make concessions on key trade
issues like Market Access and Intellectual Property at a summit in brussels now the chinese leaders tour of europe takes him to croatia. Its the first visit by Chinese Premier to go away show a tiny market when compared to china but one of many European Countries beijing is hoping to deepen trade ties with. Want to hire that. We need to speed up negotiations on the china Europe Investment agreement with a view to making decisive progress by the end of the current year and then we can conclude a high quality china Europe Agreement before the end of next year it should be fair for Institutional Investors from both sides and ensure mutual openness. Im saying seem to be moving in that direction thats the European UnionCouncil President s take after this years e. U. China summit they go see asians have been difficult about it fruitful. We managed to create
a joint statement which said that the reaction out there should be based on the reciprocity with you that means compromises china says International Companies will no longer be pressured to disclose technological know how to their chinese Partners Beijing will also cut back on State Subsidies and in the Future Trade Relations will be developed in accordance with the United Nations principles and the World Trade Organization regulations. The e. U. Is also giving a lot of ground. The chinese Telecoms Giant Huawei is unlikely to see its technology banned from use in europes Ultra High Speed five g. Mobile network but that decision was controversial because of while hes Government Ties and fears of digital espionage so beijings Charm Offensive in europe must carry on. Now to some other Global Business stories making news china is mulling a plan to ban Bitcoin Mining the proposal appears on
a list of industrial activities of thirtys considered unsafe or wasteful china began cracking down on Corn Offerings and Cryptocurrency Exchanges two years ago its the Worlds Largest market for coin mining hardware. Sales have fallen for the tenth month in china has sold twelve percent fewer vehicles last month than they did in march last year demand in the Worlds Largest comet has been hit by the growth slowing amid trade tensions with the u. S. Japanese comicon this will spend over two hundred Million Dollars equipping its South African factory to build and you pick up the passageway of the plant outside for toria will increase by Thirteen Thousand vehicles every year four hundred new jobs will be added production is almost is also aimed at local and continental. Britain Standard Chartered bank is said to pay over a billion dollar finds a u. K. And u. S. Authorities say it failed to prevent
a reigning clients from violating International Sanctions on the country the bank admits turning a blind eye for over six years. Either leaders are holding another Emergency Summit in brussels today over britain still unresolved exit from the European Union european Council President of the proposed flexible one year extension the people of would rejoice at the announcement the french port is a major terminal for trains and ferries between the u. K. And the continent and fears about the potential effects of briggs that are running high. A massive traffic jam at customs in cali thats what happens when french Customs Officials work to rule they perform their jobs very slowly as a form of protest to cope with brags that the french government has promised Seven Hundred extra officials the trade unions say thats far too few especially if theres a no deal brings it. Each day the eurotunnel Shuttle Train carries four thousand
five hundred vehicles through the Channel Tunnel new kalai alone the last all over europe if britain were to leave the Customs Union goods inspections would immediately become more stringent. But the infrastructure isnt in place for that its still under construction and there arent enough personnel for. The new building for Veterinarian Food Inspections is not yet finished the breaks a delay could be more than a mere inconvenience to cal a ferry harbors planned for a potential no deal breakers it and budgeted some six Million Euros for it if it came to increased Customs Inspections here in the future its hoped things would still run smoothly as losing time means losing money frank areas for example would be able to fill out forms online in advance two million trucks use the ferries each year in cali. What were afraid of is loss of revenue if the british economy imports and exports fewer goods but were
not pessimistic but instead were optimistic about the future as well. The ferry port is a Major Economic motor in an otherwise structurally weak region many jobs have been cut in the textile and Fishing Industries especially and now briggs it they could be measured by preferred if things stay the same for both sides no question theres more inspections would be a huge hindrance mainly for the transport branch but i think british tourists would keep coming. Thats what Shopping Centers on the outskirts of cali also hope british day tourists are unimportant leon tell british visitors account for about forty percent of sales here up to now at least. And just briefly google has launched its first commercial delivery. Customers in a small number of. In the suburbs will be eligible for the service during the test
phase food Household Items and over the Counter Pharmaceuticals with a limited thousands of protections when googles delivery arm is planning for those exposed European DroidsDrug Delivery service in finland later this year. In Singapore Have seized thirteen tons of penguin scales valued at around thirty eight Million Dollars they were discovered in a Shipping Container on route from nigeria to vietnam its the latest in a string of such seizures in Southeast AsiaWhere Pangolin Smuggling has become a major problem the managers who scales are used in Traditional Medicine or at risk of dying out experts estimate that Twenty One Thousand pounds alone to be killed to harvest such a quantity of scales. Business with it. I
have. Fields no longer break in through the window at night more often than not we hang them. Via the internet. Cyber crime is a. Disaster. But some hackers use their skills to do good. Made in germany in thirty minutes on the w. As long as. I know just you know who to day. You know the banks and why and so was the language of
a bank money. Speaking the truth global news that matters g. W. Made for mines. Robotics. Deep learning marched reality wait a second we want the whole picture perfect so that will make ideas shift to live us. From another reality to cryptocurrency to your topics for live in an ever changing Digital World lets talk to devise a sure fire shift. On the d w. When the water starts rising people fight for survival. Model. Could be dangerous. Floods and droughts will Climate Change become the main driver of Mass Migration you couldnt write any