it was a disaster that revealed gruesome working conditions in the garment industry the collapse of a factory in the rana plaza complex in bangladesh over a thousand workers died five years on depositing changed also coming up. workers for coming to opel all out in full protest against plans job and pay cuts by the new parent company but all p s a's moves just a phone and. the beijing motor show is shining a light on china's push into automated driving we speak to folks logons new boss to find out how a new power foreign firms are adapting to the fast growing market that. i'm daniel winter and this is your business update it was the deadliest accident of its kind five years ago on tuesday the collapse of a textile factory in bangladesh killed over eleven hundred workers the rana plaza

disaster shed a painful light on the budget fashion industry with sweatshop conditions and little regard for workers' health and safety brands unions and the government pledged to improve factory safety but the risk of another deadly disaster remains. every step hurts and she hasn't been able to walk without crutches for five years. need to forbid was working as a seamstress at run a plaza with a nine story building collapsed pinning her legs under the rubble for ten hours the compensation she received thirty five hundred euros wasn't enough to cover her multiple operations her family has had to scrimp and save. for what i want compensation from the government none of the affected workers have been properly compensated they give us hardly anything what happened to all the aid money that came from abroad we need that money. there was

a powerful outcry from the international community after the disaster working conditions in bangladesh improved a bit for the garment workers the owners addressed safety issues and improve the structural integrity benton's month from in kota clean clothes campaign says that another round of plans a could happen at any time in bangladesh although there has been some progress kind of. foot there's no way all the factories in bangladesh are party to this agreement and not all the hazards have been sorted but there's been some serious progress on safety it's much safer than the year run a plaza collapsed it covers structural safety fire safety and it's partly due to the fact that the buyers have to fork out along with the suppliers to ensure the safety regulations are enforced. the textile industry freely decides whether or not to produce sustainably or offer family working conditions germany's development

ministry set up the textile partnership following the run a plaza disaster but only fifty percent of german textile companies are members of the agreement on factory structural safety and seen a few days but one signature is missing from the follow up agreement that of the bangladeshi govern. meant. and activists also wanted to be obligatory for employers to give their employees accident insurance cover. so that people like needle for big don't have financial worries to add to their problems. for which it is now to the specter of increased inflation and rising interest rates haunting the markets u.s. ten year bonds hitting three percent for the first time in four years that means that debt is becoming more expensive for companies which will eat into their profits quarterly earnings couldn't boost the mood either google parent company

alphabets disappointed with its low profit margin losing as much as five percent at times and after a strong start construction equipment make a caterpillar fell back sharply into negative territory investors for it high and material costs he is called. the day on wall street started on a positive tone but then trouble started when the yield of the ten year us treasury for the first time in over four years reached their three percent mark what does that precisely meanwhile on the one side it does mean that there is optimism about the future growth in the u.s. so that's a positive not so positive is that money becomes more expensive with yields and probably also interest rates might be increasing higher than estimated we shouldn't forget a lot of the growth that we've seen in the past couple of years has been achieved with debt so now money becomes more expensive and also debt becomes more expensive

also in the past the developments that we're seeing right now at the bond markets have been for shadowing a possible start of a recession we're not quite there yet but the discussion is on and we did see a lot of pressure also on stock prices here on wall street. it's called the island's tax man is taking a bite out of apple's profits dublin has reached an agreement with the u.s. based tech firm regarding some thirteen billion euros in back taxes the bill stems from a twenty sixteen e.u. decision that determined apple had illegally profited from a sweetheart deal with the irish government apple is still appealing the decision but the company has agreed to begin paying into an escrow account as it waits for a verdict opel workers have taken to the streets again new french on a p.s.a. look set to slash jobs at the german comic despite guarantees p.s.a.

has money in the first three years of this year it sold more than a million cars that's a record for the group so it is on track to hit its target of four million this year opel vauxhall accounted for more than a quarter of those sales but the brand posted significant losses last year and it remains in the red that's why p.s.a. is trying to cut costs but the workers aren't buying it. ople workers came from around germany to the ice in a protest organized by the egan mattel union the automotive workers want to show their solidarity parent company p.s.a. is said to be planning to fire around eight hundred employees almost half of its employees in the eyes in a region if it doesn't get wage concessions. to half the team could face the chopping block eight hundred or nine hundred people could be fired that's why i thought i should come here to show i'm against it i want our jobs all our jobs to stay in the region. like we do example but just we're not giving up our wages we've

earned it and fought for it you get mattel fought for it and we're not giving it up . at the moment there's no plan for the future of the german operation they're looking at firing half their employees here. the majority of the plants morning crew joined the demonstrators at the gate. including many local politicians concerned about their constituents jobs. and even state premier bodo around mello who called on p.s.a. to honor its promises. c.s.a. assured us that okla would remain a german car company. that's why we're fighting for these three facilities and won't trade them for more promises. also. works council members that are leading talks with p.s.a. say opal can become competitive again without cutting staff they say many employees will soon retire and that others are willing to be bought out of their contracts.

and they're losing one solution would be to get back to the negotiating table and go through the union deal with a clear head we need constructive offers from company management and then we can see if we can reach an agreement. and we would have. talks are set for the next several weeks but if both sides can't include deal including drastic cuts the future of the opel factories throughout the region is anything but certain. and sitting with cards china has placed the u.s. as the world's most important market on wednesday the beijing motor show opens its doors and it's also become a world leader having usurped car fares in both detroit and frankfurt this is steering to a new era it puts technology in the driver's seat and could completely revolutionize the concept of automobile it just ahead of the auto china show in beijing chinese auto make a byte in unveiled its suvi concept hailing it as the most intelligent e-car ever

designed china is heading firmly towards electrum ability some say the end result will match what the smartphone did to mobile telephones and in a major policy shift it removing foreign company ownership restrictions beginning with electric vehicles in twenty eight. last year over twenty nine million cars rolled off chinese production lines an increase of three point two percent year on year the proportion of e cars made there is still relatively small at seven hundred ninety four thousand but growth is phenomenal at over fifty percent something the government is determined to increase. china's policy is very much committed to electric vehicle. or all the government rules and regulations are towards strengthening electric cars electric car production and also now more and more autonomous driving

so china's government is really committed to the automotive future and is supportive in those areas. now d.d. shews ng the country's right hailing champion is setting about designing and making its own vehicles for ride hailing car sharing and other specialized purposes it's part of the trend towards paper use mobility drawing together tech firms software on vehicle makers and internet platforms it could reshape or to motion as a concept in china and abroad. and finally imagine paying five hundred dollars for an apple a woman from the u.s. state of colorado was flying home from paris when she received what she thought was a free apple for a flight attendant crystal todd locke wasn't hungry at the time so she put the fruit in her back to eat later while being searched by customs on arrival in the u.s. the agent asked her if her trip to france was expensive and when she said yes he told her it was about to get even more costly and handed her

a five hundred dollar fine for bringing fruit into the country now wants to fight the ticket in front of a judge. and that's it for another edition of your business update this plenty more on our social media place pages and on when to i'll be back tomorrow same time same place thanks so much. on.

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