the world economic forum starts in davos switzerland with a speech by india's prime minister not in the three thousand participants are gathered in this was alps and our team is there to. india is open for business that's the message from the country's prime minister nuri injure modi warning against the rise in trade barriers just days ahead of the appearance of protectionist president donald trump here at the world economic forum i'm headed humphrey in davos and we'll have more coming up it's on for business sunday w.r. yet again welcome to the program the world's political and financial elitist meeting in the swiss town of davos where indian prime minister narendra modi was the first leader to address the world economic forum his message came as the u.s. imposed tough new tariffs on a range of imports but more he said now was not the time for protectionism. it's the first time in twenty years that a head of india's government has come to devils for the world economic forum and

he's brought one hundred executives and six ministers along with him. narendra modi's message was simple warning against the protectionist tendencies of some countries is diametrically opposed to u.s. president donald trump is just imposed punitive tariffs on a range of imports. paul said some argue are very many societies and countries are becoming more and more focused on themselves it feels like the opposite of globalization the negative impact of this kind of mindset and wrong priorities can't be seen as any less dangerous than climate change or terrorism. modi's speech was greeted with wide acclaim along duffels participants. so i think it's ready of a great time for anyone to stop me and to to be a cabaret too is other countries remember me climate change the number one priority

. i want to mention modi is also using davos to highlight his country's progress in the switch to sustainable energy a sector he intends to expand forcefully. on day to day davos turns its attention to europe as well as german chancellor angela merkel the heads of government of france italy and greece are all expected to attend. the great and the good may be gathering in davos though to discuss global ills but criticism persists that it is a meeting of the elite who doesn't always pass on wealth to all sectors also side to talk more about that we can cross over to helena humphrey in davos helena oxfam the ngo has a pretty strong stance on this don't they. they certainly do have year in oxfam's inequality reports reward work cannot well faith point out that eighty two percent of all the wealth generated last year is now in the hands

of just one percent of the population to discuss how to close that gap i'm joined now by the executive director of oxfam international will be any my thank you very much for joining us on d.w. what single way what measure would you recommend to close that gap as soon as possible what you want people here to do when they leave this luxury resort you see that inequality that we show in our report of some report is a result of choices that politicians and business people make if they make different choices that god could close such as so we would like governments political leaders to take the driving seat and manage the economies for the benefit of the majority are not for the few at the top so for example they should institute a living wage a minimum wage which is a living wage people at the bottom can have a decent life they should make sure that men and women are treated equally in the economy they can use the law to establish the equity for men and women they should

make sure the rich and the big companies pay their taxes and stop dodging and then put the money they collect into health and education of all the people because that's the greatest leveller against an equality i want to pick you up on that point regarding gender inequality and income inequality because the two often closely linked what are your thoughts on the times our movement and yet how necessary do you think it is that governments now follow through with this indeed economic inequality and gender inequality are locked together the countries that have the white disk up between men and women also half the way disc up in incomes between rich and poor to tackle that you need to talk or both to give. you need to understand that the majority of women that the the poorest people the greatest majority of the poorest people are women and that they are discriminated against

through law and also through informal laws lesser traditions the culture the beliefs of people so you have to tackle both and it's not the job of just governments it's also the job of the private sector to tackle social norms that discriminate against women who are still social norms actually that are used to justify economy kicks weight issues of women saw to companies companies especially they can use their supply chain how they source they are products they can use their factories to ensure that social norms that discriminate women are dealt with they can use their advertising to address gender inequality and discrimination and violence against women so all of us from politicians to business to religious leaders to women's movements we can all do something let's see if that message is heard here at the world economic forum will be our new media executive director of oxfam international thank you very much it's back over she have year in berlin

thank you very much ana humphrey reporting for us from davos. and thousands of anti-capitalist protesters marched in zurich to demonstrate against u.s. president upcoming visit to the world economic forum many of them carried anti globalist and environmentalist placards as they march toward zurich financial district some have warned that the us president polarizing persona could reason wrecked the violent anti w e s protest scene in the early two thousand really are today bankers and zurich were warned to stay clear of the demonstration area. meanwhile speaking at the world economic forum canadian prime minister justin to door said canada is set to sign the reason rect it transpacific partnership along with ten other asia pacific countries to go defended free trade in advance of u.s. president trump's appearance later in the week the canadians have backed out of the t.p. last year after the u.s.

pulled out the transpacific agreement is now set to be signed in early march. and let's cross over to the new york stock exchange with our financial correspondent. good to see you i want to talk to you because just asked who was making this announcement donald trump in the u.s. was announcing you protectionist measures yet ministration announced. tariffs on imports of washing machines. mostly about not only from asia the idea is to protect the domestic companies but that announcement actually cause quite a debate here on wall street because yes some of the domestic companies could be saved but on the other side it also could mean higher prices for you with consumers than from my own experience i can only tell you about a year ago my u.s.

made vacuum cleaner caught fire in just the past week and my dishwasher pretty much died so maybe it's not just about price it might also be about quality why some of the u.s. manufacturers are having a tough time especially when it touches you on a personal level there yes now let's talk about the earnings season that is still ongoing on wall street netflix was making headlines how are the numbers look at. and that's certainly one area where the u.s. is world class social media internet streaming services like netflix netflix in the past water and a good eight point three million new subscribers that is a record of growth for a month and the stock of netflix was on fire it gained about ten percent in value meaning the overall value of netflix now surpassed the one hundred billion dollar mark eighty percent gain of the stock in the past fifty two weeks so that means

a new record so a pretty strong numbers that we saw from metrics besides all the competition from amazon apple and the likes call to new york thank you very much for the analysis. and other corporate news austria's niki airline which was a subsidiary of now bankrupt german carrier air berlin has been sold to them and that founded it and gave it its name a louder he bought back the airline and it's considered a risky. niki lauda has his airline back the formula one legend with a passion for heavy ation founded on holiday carrier nikki back in two thousand and three seven years later he sold it to air berlin when the airline went bankrupt while the tried several times to get nicky back. nicky currently has twenty one at least aircraft has apparently already moved to retain fifteen of those the airline also employs

a thousand staff including two hundred twenty pilots flight operate from germany austria switzerland and the mediterranean does move is welcome news to the airlines employees if. it was surprising for us. when it's compared to his offer last december which left things unclear. most of the schlock would take is still any good his latest offer is better for the staff. so it was signalling that jobs will be retained under the same working conditions you can see at the op it's because even when still to be seen and still not certain how much louder is paying for nicky he plans to have the airline airborne again by march in collaboration with twelve prater thomas cook is the third bit of air berlin went broke the first successful bit came from but that deal fell through in december over. concerns the negotiations reopened a legal stumbling block scuppered a sale to the parent company of air lingus british airways iberia and fueling third

time's a charm it seems. and that was your business update thank you for watching see you next time take the bike. is. going to. cut. cut. cut. cut cut. cut. cut cut cut cut cut cut cut cut.

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