at top speed in the swiss winter resorts of davos such as make way for the opening of the world economic forum this ritual world leaders will discuss the globe's contentious economic issues get hot elbows well hot on the rest of the day so business news in just a moment on top of all top international news headlines for you at the top of the hour i myself a good day. when i'm traveling to be comfortable. but i also want to stay up to date on all the latest news events. and d.-w. makes them hard to try to find. us because it's available thousands of hotels

resorts to ships worldwide. or have you found a domain signing send us a picture that shows the w in your room you can read a great price there are two d. w. dot com travel quiz. look. at the. top figures in business finance on call it takes me full that i know powerball in davos top of the agenda how to distribute the proceeds of growth mall fairly around the globe. i'm richer and richer the gap between the super wealthy and the rest of the world has widened again that's the claim of the latest in a call to report. just in time for the davos meeting. poorer and poorer as. rampant inflation and mismanagement by the socialist government drive the

economy further down the drain venezuelans are now digging up the river bottoms for anything valuable. this is g.w. business i'm off as welcome the international monetary fund today adjusted its forecast for global growth this year to three point nine percent that's good news for most of us but not for all the vast majority of the world population will not see a penny of that growth and that problem is on top of the agenda of the annual world economic forum in davos which kicks off today well leaders from business finance and politics are expected to attend the meeting such a clear whether the president donald trump will show up the possible government shutdown might keep him chained to his desk. getting rid of the snow that could be one of the most important jobs in doubles need to be cleared for many world leaders to make their way to the ski resort for the first time in almost two decades a sitting u.s. president will be taking part in something he needs to have discussions with other

foreign leaders more than anyone. because he quote support and is. who are really door for country does not have just a national perspective but an international perspective a global perspective suppressants of the president of united states. will hopefully provide him even better recently over perspective but locals have a different view the u.s. president's attendance means even tighter security in davos and many here are not excited about trump. without a fish and i don't care whether his coming or not colm iran doesn't even see him and i don't want to see him either going to resign or we say and. i'm not really interested. and i don't think he'll come in until friday some seventy heads of state and government will be holding discussions about the global economy with

representatives from the business world and n.g.o.s so we have three thousand participants coming together at a time where we see a lot of political challengers but the same time we see that growth is back in the global economy but for us is a very important that there is growth that is more inclusive and create more jobs but it's not just about the global economy other topics on the agenda include technology and it challenges the gender pay gap and wealth inequality. just in time for the meeting of the world's leaders in davos the international enjoy oxfam is updating its annual inequality report oxfam's us the number of billionaires worldwide has gone up to two thousand and forty three this past year combined wealth increased by thirteen percent that's not bad news process all you new billionaires out there but there is a downside to it eighty two percent of the global wealth created last year went to

the top one percent of the world's population said billion as and here's a depressing example in just four days the c.e.o. of one of the world's top fashion brands earns as much as a seamstress and butler makes throughout the entire working life and to add insult to injury the richest people in the world are experts in tax avoidance claims that paying two hundred billion dollars less in taxes than they should according to the respective laws of their countries just compare that with this figure development aid paid out by the leading industrial nations stands at one hundred forty five billion dollars but oxfam is reporting more worrying developments as our report shows. the oxfam inequality report doesn't just say that the rich are getting richer it also says the fortunes of the world's poorest are

not improving at all. fifty percent the bottom fifty percent of humanity three point seven billion people got nothing zero percent of the new wealth created this katie was baby and they are wealth is increasing six times faster than the wages of ordinary people this disparity is felt deeply in vietnam's dog night province where many worked in the textile and garment sector often far from home and away from their families land is thirty two and work six days a week for about one u.s. dollar an hour she can't afford to keep her children with her they live with their grandparents more than a thousand kilometers away. i don't have enough money to raise my two children and i have to save money for them to feed them that so they will be well fed like their friends i want it to be that way that way the only way that. oxfam says it's badly paid work like lands that ensure goods are kept cheap and

sold in massive volumes lined the pockets of corporate shareholders and executives to combat widening inequality the charity has called for ensuring a living wage for workers and imposing higher taxes on the wealthy. for many months venezuela has been reporting crisis after crisis the socialist countries failing economy has left more and more people in poverty and caracas people are now pursuing a dangerous treasure and out of sheer desperation. hands deep in the mud of the river in caracas this is how i'm hal and his friends make a living as the sips through their fingers the hoping to see something they can sell and all things about me. you can find everything here. wrong. with gold that's what we're mainly looking for the look at the situation has put us here. because we don't have jobs but i want to bring over.

these last store discarded possessions coming through jewelry like earrings and bracelets but it's dangerous walk the go i respect others excess rainwater so a heavy downpour could wash on her and his friends away. and the river stinks it's dirty and a potential health risk. but it met over them all from level up at first of all this is not treated water. it's like water from the bottom of your toilet bowl at home. imagine that every day you're exposed to this water it's nothing more than so rich. go now back at about the frequently but the crisis has left people without a choice twenty six year old and lives with his father in one of the poorest areas of caracas he found a job as a street sweeper but for less than seven u.s. dollars a month searching the river is more lucrative but still only enough for the bare

essentials he wants to leave the country but comment. i would like to leave but that costs money to try to raise money as you go but then the price of everything goes up and it's never enough you get ten thousand dollars but things that used to cost ten thousand suddenly cost twenty thousand it's never enough life is so expensive and hard. for the time being and hal and his friends will continue scouring that river in caracas that was a symbol of the crisis in venezuela twenty seventeen was a record year folks sure as i'm with four point seven million visitors pumping around three billion dollars into the audience economy but u.s. president donald trump's tighter travel rules make it hard for some to turn a profit tourism dollars from big spending americans seems to be heading into cuba's state sector and away from private business. the man overlooking revolution

square is a legend che guevara the man on the harley is his son and this to give our eyes the owner of love put it was a tourist and he's showing tourists across have his guests love it the business took off after then president barack obama lifted a longstanding travel ban for americans. the first years were very good there was an opening in an increase in tourism and that helped us but today relations are more closed the world has become more complicated conditions are worse and tourism has dropped a bit. in fact tourism has not dropped twenty seventeen was a record year for cuba tourism is up including from the providers. at last daljit car cuba tourists can rent the classic cars have ana is famous for the owner has an idea about why u.s.

tourists are facing tighter rules again. but when americans see the reality of cuban life when the hear the testimonies of cuban businessmen from the private sector they realize that everything they have been told are lies. tighter regulations are not american tourists still flock to the island but some small businesses won't benefit from their visit until after the trump years. it feels a bit like shoplifting but it's totally legal the online retail giant amazon has opened a convenience store in seattle it's called hours ago and customers won't have to wait in line or use the checkout customers with the amazon go up on their smartphones and simply pick up items and put them directly in their bags the goods ultimately added to a customer's virtual shopping cart when they're removed from a shelf or deleted if the item is put back the system relies on a mix of camera sensors and artificial intelligence the company has unveiled the

concept for this nationalist shop a year ago but the launch was delayed weather and out bugs in the system. and that concludes your business update here on d.w.i. my colleague. will have an update for you in the next hour plus and but let me thank you very much for watching the local markets on their performance at this hour but i'm. going to. try.

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