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 the swiss alps and our team is there to. india is open for business that's the message from the country's prime minister narendra 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. . 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 moti said now was not the time for protectionism. it's the first time in twenty years that the head of india's government is coming to

davos 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 who's 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 great time for you to snap me into it should be a cabaret too is other countries from your 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 weapons day devils 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. they certainly do have year in oxfam's inequality report server award 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 on you 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 do you want people here to do when they leave this luxury resort to see that inequality that we show in our reports of some report is a result of choices that politicians and business people make if they make different choices the gap 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 inequality 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 have 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 less a 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 those social norms actually that are used to justify economy exploitation of women saw to companies companies especially they can use the supply chain how the source they are products they can use their factories to ensure that social norms that discriminate women are dealt with they can use the 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 you been in 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 trump's 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 u.s. president's polarizing persona could research 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 who defended free trade in advance of u.s. president trump appearance later in the week the canadians have backed out of the t.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 against costa hi yes 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 new protectionist measures yet ministration announced tariffs on imported self washing machines and. mostly about not only from asia the idea is to protect the domestic companies but that announcement actually caused 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 weekend 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 looking. and there certainly one area where the u.s. is world class social media internet streaming services like netflix netflix in the past water added eight point three million new subscribers that is a record 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 sold pretty strong numbers that result from metrics besides all the competition from amazon apple you tube and the likes of 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 nicky lauder he bought back the airline and it's considered a risky. 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 but when the airline went bankrupt the tried several times to get nicky back. niki currently has twenty one leased aircraft has apparently already moved to retain fifteen of those the airline also

employs a thousand staff including two hundred twenty pilots flights operate from germany austria switzerland and the mediterranean his 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 is still any good his latest offer is better for the staff but even so it was signaling that jobs will be retained under the same working conditions you can already see at the ob it's been the move. it's still not certain how much louder is paying for nicky he plans to have the airline airborne again by march in collaboration with thomas cook is the third bit of air berlin went broke the first successful bid came from lufthansa but that deal fell through in december over. concerns the negotiations reopened a legal stumbling block scuppered a sale to the parent company of british airways iberia and. third time's the charm

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