left for dead and then suddenly brought back to life how u.s. president donald trump brought a chinese tech giant to its knees only to resurrect the company but with strings attached. the mega merger traders have been waiting for about environmentalists have fought so hard against buyers and monsanto seal the deal to create the globe's biggest player in the agricultural sector. also on the show as nigeria tries to repatriate stolen funds the government's anti-corruption drive comes under fire we'll go to nigeria to tell you why. and all dressed up with nowhere to go india. a rocky road in their status symbols made in germany. it's time for business on the w. and how you got to get us welcome to the program the u.s. government has finally reached a deal with chinese phone makers e t eat now the firm can once again buy american components that are crucial to its

business in exchange for a hefty one billion dollars fine the announcement comes two months after washington accused the company of reaching a settlement related to an earlier violation of sanctions against iran and north korea it requires the company to change its board of directors and thirty days and include a team of american compliance officers that's how they call it the loss of access to american parts threatened to shut down production the issue was part of the trade dispute between china and the u.s. . and our financial correspondent at the new york stock exchange sophie szymanski has been following this story for us so it's very good to see you again now let's start with this company's e.t.e. because it is certainly an important company in china but it's not a big player in the u.s. so why is donald trump making such a big deal out of. well i think he sees this deal as a linchpin in the greatest passions between the united states and china and he

seems to think making this deal might help him into a stronger position and bargaining with china in terms of trade in general and maybe let me sum up what secretary of commerce wilbur ross and treasury secretary say even the newton explained when they met with a group of concerned senate republicans on wednesday afternoon the administration seems to be seeking to make a deal because the chinese have made it clear they will not deliver trade her latest confessions like purchasing more agricultural goods and energy from the united states without in the agreement that lift this and i oughter death of these what a person familiar with the matter said american technology firms in china may also face retaliation from the chinese government if the deaths shut down so this is clearly something china once but this starts criticism once again because some say this proves that trump is not being tough on china as you promised but

superstructure there. well i think many people are really scratching their heads over it this president started this potentially costly trade war with china in large part because he says china has stolen american jobs by flooding the market with cheap imports but now some says he wants a safe chinese jobs come through willingness to request it is the company's penalty it has drawn bipartisan backlash in congress and lawmakers fear that the administration is unwisely linking national security and kate to take for example senator michael bennet democrat of the radical i think his statement comes to everyone from things that pretty well how is china supposed to think about what it is the united states is trying to accomplish percy says he's going to sanction them and then he doesn't think them but certain is that trump keeps us all guessing thank you very much so efficient in new york for the analysis of corporate news now

and bank of america is reportedly looking to move more jobs than originally planned from london to its new paris office it's shaping up to be one of the biggest shifts ahead of rex a first wave of four hundred staff will move early next year the banks refurbishing enough office space to create a european trading hub once britain leaves the u. . and a highly anticipated merger is finally complete its german chemicals group buyer has sealed its takeover of u.s. seeds maker monsanto it's worth sixty three billion euros by year is already a giant and will become an even bigger global player the name monsanto will disappear but its brands remain including the weed killer roundup which contains the controversial chemical life o.c. . it took almost two years but it's finally done with its purchase of months by a becomes the largest agra chemical company in the world. it holds just

over thirty percent of the global market that's ahead of the chinese swiss firm came china syngenta which has just over twenty eight percent. its the u.s. business with seventeen and a half percent. controls about thirteen and a half percent of the global market you know other words just five corporate entities will determine the direction of global agriculture and the nutrition of humanity this while the world's population grows ten billion people by twenty fifty according to current estimates because farmland isn't increasing it's up to these five firms to figure out how to coax more out of the ground that's already under the plough. corruption costs the nigerian economy tens of millions of dollars every year the president is now trying to recover some of the money that has illegally flowed out of the country with reasonable success but critics say the government is not disclosing enough details of what has been recuperated sparking fears of further corruption cases. as the story. this villain once owned by

a high ranking military official was confiscated by the economic and financial crimes commission the e f c c authorities have also marked many homes throughout the capital. they do so when there are suspicions about the origins of the money used to buy them. as soon as he took office nigerian president mohammad with hari said he would return stolen money to the country's cash strapped coffers even money taken out of the country illegally unfortunately. proceeds very tedious. time will close. closely and then tears flow than just the silo. this should not to be the case nigeria is currently negotiating with washington for the return of

a half a billion dollars worth of stolen stane assets seized in the u.s. after a long discussions switzerland agreed to transfer three hundred twenty two million dollars back to nigeria in april civil society groups praised the two governments for agreeing to use the funds to fight poverty that hasn't always been the case in the past the nigerian government's lack of transparency has caused delays the government could improve on this i formation i can put we can put in public domain by the way you keep it secret then so yes i want to get that out think that's what the suspicion is that the government is not completely open about it there's definitely more information coming disclosed that is yet to be disclosed in fact so exactly how much the in the quest is the how much is we are. not to be used to be used the nigerian government has been slow to release details it's figures show authorities recovered a total of two point nine billion dollars worth of embezzled assets between made

twenty fifteen and october twenty seventeen most of that money was still in nigeria . twenty an hour economic growth could soon outpace that of china rising incomes have also fueled the appetite of the country's new rich for luxury cars last year of the three million passenger car sold in india forty thousand where luxury sedans s.u.v.s and sports cars but congested and bumpy roads and high taxes are making it hard to enjoy the ride. for deepak sharma this shiny roadster is a dream come true. the fashion designer has been a fan of mercedes ever since he was a young boy he graduated from business school a year ago. and that's when his grandfather a farmer gave him the sports scoop that he my grandfather of throwing the thing and this is where their weak and vegetable fields used to be but now it's prime real

estate with india's economic growth there's a demand for land and soaring property prices have transformed the outskirts of delhi farming families like de perhaps have become millionaires youngsters like me who are in the fighting thinking that all of this is the most i think. it means look good but driving a luxury car on india's rough roads is anything but easy. yes or boards. of these guys because they don't need. the bullet or. the ratios of playing with these awards. after they get it carefully into play. because there are those stones coming out from the woods it can really damage your . time deepak can really step on the gas is when he's out on the highway but soon heavy traffic puts the brakes on the joyride.

it's an expensive passion day packs car cost about four point five million rupees or about fifty six thousand euros that's a hefty price tag for a fancy ride showrooms like this one are thriving here the used car sell for about forty percent less than when they're bought new it's a big draw for customers. in india very few people can afford new luxury cars. that's because they're more expensive here than in most other countries but buyers like deepak are already dreaming of bigger things he now wants to buy a luxury sports utility vehicle to better navigate the bumpy roads in remote areas . he stays connected to his roots here in this village in the northern state of hari ana because that's all for business facts watching to buy.

the to. the to. the to. cut. cut.

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a society by its garbage. the few worthless for the rich but for many poor people it offers their only chance of survival. and i could be on for today just like. the reporters travel to nairobi. and meet people who know the true value of garbage. it has created a striking parallel economy. going to some of this made for economic inequality around the world you guys are starting class war the response to that statement should be yes we are starting to as walky a place the rich the poor the trash and exclusive brooklyn starting to live on t w.