Discover who. Subscribe to documentary. The struggle continues for germanys key cost to the chancellor turns down the auto chiefs in their plea for more financial help a crowd of viruses hit them hard and the industry is trying to transform itself. Taiwan enjoys a Search Engine exports but the main driver is the mad rush to stop powwow away hartwig before a band from washington takes effect. And whats the future hold for like events and festival organizers the pandemic has brought this sick day to a screeching halt. And then for lets do business the german order of sector is in crisis the crowbars brought sales to a screeching halt amid a global downturn for the market and admits to a huge transformation towards clean and Smart Technology its all come up once and Industry Leaders say they need more help but a virtual cost summit with german chancellor Angela Merkel has left them empty handed one of the topics was how to financially help supply is on the one hand the industry is suffering from low demand on the other hand the conversion to alternative fuels is a top priority concrete measures a set to be decided at another meeting in november. It is head of Automotive Research at sanford c. Bernstein what happened to the cock chancellor merkels always being such a staunch supporter of the sector well i think both france and germany have always. Been very supportive for privacy she is very supportive of the car industry with a very large tree move in germany a Company Cross station. I think ill go over. To industry just not. For you know i dont think it would be. Well where does it leave the industry. Well the Industry Needs to change it needs to change to new power trains electric vehicles it needs to change it to dish legislation as any industry you want industry in germany has been slow part of the reason its been slow was its only protected by the government whats really pointed out that theyve been slow in his tesla tesla has left them in the Rearview Mirror the chinese are leading in the mobility have how many more signs do they need to realize they bet on the old take for too long well and just to add to the list the valuation of these companies has completely you know what industry is 50 percent relative to our industries on the stock market so i think. Thats a really the Industry Needs to change there is a lot of change happening right now but its not just enough to launch new f. N. C. Like quickly because the Auto Industry also really needs to restructure its traditional legacy business and how are they going to do that how are they going to afford doing that if theyre losing so much in value and can they catch up i mean the next generation will aspire to buy a tesla not in the sadies well it seems thats true anything less still pretty loyal to their. Brands in the long run but youre right the Industry Needs help to restructure their employer too many people especially in germany where its just too expensive to make cars so i think thats where the help is needed they need to they need help for people to move into early retirement and we also need how Battery Capacity in europe one last question do we really still need cars. Oh you still need. A personal transport. 89 percent of miles who. Carry a small city and suburbs so yes the cross to get out regularly may be no longer. Most places on illegals thank you very much for joining us today and vote them out of research at sanford c. Bernstein and how this go down in frankfurt over to a correspondent to read blogs and what did it this is think about that no meeting. Well then at least there were a few Ambitious Goals formulated there in berlin yesterday for example germany a meeting to become the 1st country where self driving cars are in regular use that of course sounds encouraging to people in the financial world to constantly look for you Investment Trends whats not so encouraging right now really is the situation of the supply is for the cost sector for years the con makers have put a lot of the financial burden on the suppliers when it comes to financing new technologies now in this huge transformation process it looks like the suppliers are somewhat left alone the risk premiums on their Corporate Bonds are very high share prices are very low and you know the financial world the banks they seem to be too preoccupied with their own track sector transformation order to be to be able to really finance. Come up with innovative a good Financing Solutions for the supply is to help them finance their change conrad thanks for joining in. Exports from taiwan so just in august the boost came from chinese telecoms giant while away its rushing to get in orders to this ruled island city conduct to make is before they have to comply with u. S. Codes that take effect next week. China and taiwan may be beat her rivals but trade across the strait of taiwan has never been better. In august u. S. President donald trump expanded u. S. Curbs on huawei and banned suppliers from selling chips made using u. S. Tech to the Chinese Company without a special license this prompted a stampede to stockpile goods before the restrictions come in to the tune of between 1. 00 and 2000000000. 00. Taiwan says exports rose 8. 3 percent from a year earlier to just over 31000000000. 00 in august thats the highest monthly tally on record and much higher than analysts had expected exports in july edged up 0. 4 percent following 4 months of foals Taiwan Semiconductor at the Worlds Largest contract chip maker said in july it had already stopped taking new orders from wall way and it does not plan to ship wafers after the middle of this month china is taiwans largest trading partner taiwanese manufacturers are a key part of the Global Supply chain for tech giants such as apple thats despite a longstanding political rivalry beijing has failed to take control of taiwan the 2 sides split in 149 following a civil war taiwan trade officials expect the huawei buying spree to continue this month and they reckon exports could rise by up to 4. 5 percent. Shares in test the plunge tuesday falling more than 20 percent as investors reacted to the companys exclusion from the major stock index the s. And p. 500. 00 electric car maker was considered a shoo win for one of 3 bacon spots in the index after finishing the most recent quarter with a profit it would have boosted tesla share purchases given that index tracked funds would be forced to buy the stock tuesday was the 1st day of trading in the u. S. After mondays holiday tech stocks once again took a beating after a record highs. Make a boeing has found a new production issue that will impact the liberties of its 787 dreamliner its the latest blow to the aviation giant airlines have canceled orders because of the pandemic and boeing is still trying to clear its 737 max to fly again after it was grounded in march last year. Having social distancing hammered into me and i couldnt imagine standing in a mosh pit right now at some festival the pandemic has crippled the live concert sector organizers have had to get creative going online and holding many top of events that hasnt raked in the cash. Live again at last belgian singer songwriter me low. And right in the middle of hamburg ports where cruise tourists would normally park their cars for the duration. The effort behind the event is enormous and everyone gets a number of seat swapping seats is strictly forbidden and only 1000 tickets are available and no more. But weve got exactly the same in politics we still have to cover the same floor area with sound. So basically a concert like any other just with far fewer fans. What it means is that everything on stage and all the technology personal we need it. Would normally be enough to cater to 5 or 10000 turns for this intel but were only allowed 1000 you can easily see that what were doing is not very sensible from a business point of view. The firm restrictions and low profits are also affecting the small vendors who sell food and drink at events. Cocktail mixer mr mandrel lost all his contracts when big events came under the lockdown in spring this year. Hes grateful for every concert that offers him a platform even if his sales do remain low. On the list it offers a glimmer of hope and a little touch of normality. Here definitely this is basically our 1st concert since the lock down and were happy to be here today and were going to have a great evening. The tickets here started 51 euros not overly expensive it costs 10 euros more for a seat in a wooden stall event agency had the maid using pallets for super social distancing this is fresh air lovely weather sun in hamburg what more can you want. But it seems even more cuddly than precursor own and. Youre a lot closer in. To the event agency the open air concerts in hamburg port are a success but not a long term solution. Thats the crux of the mercer we really want to know now if we can take up again next year where we left off last year and without that prospect the entire sector will just cave in completely. Unfortunately right now no one anywhere is holding up the prospect of better times ahead. In case you cant get no satisfaction tomorrow sees the launch of a Rolling Stone store. On count of the street 160 s. Fashion capital of london called are as number 9 the story is a partnership between the legendary rock band and universal musics much indicting up fans of everything from sweaters to Water Bottles with the Rolling Stones tongue. Sing make jacket praise the Stores Location in the server district where the band 1st started old way back in 1962. Didnt exist back then. But none of you did either something that. Does that tongue. And just updating our top stories for you the struggle continues for germanys key concept at the chancellor turning down the auto chiefs in their plea for financial help to curb arses hit them hard and the industry is trying to transform itself. And taiwan enjoys a surge in exports but the main driver is the man a stockpile by the way hardware or bad from washington takes place. The day ive been consumed. In the spring temperatures in the stream consequences. Russians faster than the frost you store announced. Faster and faster. Most of the problem seems. To know how do people on location size up the situation. Global 3000. On the c. W. What secrets lie behind. Discover new adventures in 360 degree. Explore fascinating World Heritage sites. World heritage 360. Now. Welcome to global 3000. This week we visit the mountains of colombia home for the speckled bear but for how much longer their numbers are dwindling. We report on the permafrost in siberia or whats left of it climate changes all too visible here. But we begin in thailand