tv Business - News Deutsche Welle January 10, 2019 4:02am-4:16am CET
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international public figures. bangladesh workers are taking to the streets for better pay and government measures not calm down the angry crowd. also on the program in the u.s. the world's biggest electronics trade show is missing some chinese exhibitors will tell you why. and they were supposed to make you feel like a man in this castle but the idea didn't really go well in turkey. it's time for business on the w m how you know to get us welcome to the program protests in bangladesh are keeping author already is busy as workers are demanding better working conditions the government recently increased the minimum wage but the rise is not enough according to unions some textile factory owners are being passed aren't passing the rays on to their employees for their infuriating the
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country's workforce. police fire grubber bullets and tear gas into crowds of demonstrators on the streets of dhaka and some of them fought back with stones over fifty protesters are reported to have been injured in the exchanges so far along with twelve policeman. the garment industry plays a key role in the asian country bangladesh is the second largest manufacturer of clothing globally and its factories supply some of the world's largest retailers although the industry has turned the nation into a major exporter the benefits haven't trickled down much the minimum wage is still just eight thousand taka around ninety five dollars a month the strike and protesters want more. and we are demanding twice that sixteen thousand taka. the basic monthly income has to be ten thousand taka and salaries have to be sixteen thousand the authorities are giving us nothing. unions
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have warned that the strikes may spread to other cities the protests are expected to continue. and what also continued are the negotiations between the u.s. and china now the u.s. says china has promised to buy a substantial amount of american goods it follows two days of trade talks between the two nations investors are celebrating the news as they hope for signs of a deal to prevent further tariffs the u.s. statement mentioned only that the chinese were set to buy more from the agricultural energy and manufacturing sectors it's unclear if there's been any agreement on intellectual property that. this of course raises a lot of questions we're going to discuss these talks with our financial correspondent on wall street possibly out of joining us now good evening to you jose luis now we've seen the reaction in the markets but is this really is such a big deal what do investors really make of this. as i.
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said that the u.s. and china have some scope for compromise and that's why investors are increasingly all say that the current through the negotiations will continue beyond march with no fodder targets collation these will be making sense in society increasing their purchases of usa goods and services be genius still has to come meet and implement much more difficult stricter all changes such as ending the enforced technology transfers they guarantee intellectual protection and reduce or eliminate subsidies to domestic companies also it's important to keep in mind that even in both sides appear to have a greater incentive to compromise uncertainty remains how. outcome it still remains possible and speaking of uncertainty we just saw the release of the latest minutes of the december meeting of federal reserve officials with hints to what could be ahead for the u.s. economy. yes they say also that patience is a virtue under federal reserve promises
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a lot of it this year that's why markets keep cheering the new estimates from the u.s. and go blank in its latest i mean it's all feels like knowledge that the policy they have is less clear and computed that the fed could afford to be patient about further hikes so it seems happier the central bank is to ready to revisit two thousand and sixteen all over again when it projected up to four hikes and ended up implementing only just one patients is needed pretty much everywhere these days thank you very much was the reason for a wall street. no u.s. china trade negotiations are dominating the headlines as we just saw but washington is also talking business with brussels the e.u. stop trade official has been in the u.s. for several days now to go over what's on the table for a future deal and what isn't. e.u. trade commissioner sicilia mam some said the block is willing to adjust tariffs on industrial goods like cars a focal point for president trump levies on agricultural products remain off the
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table meanwhile that's a sensitive area for european farmers mom said the two sides are not close but that her office is drafting a pair of mandates or negotiating parameters for approval by e.u. member states. as ever president trump remains the wildcard he's taken the issue to twitter in the past and often dangled the threat of tariffs over european carmakers . monstre said she doesn't believe that auto tariffs are looming also on the trade agenda a meeting between both sides in japan to talk world trade organization reform all three nations are concerned about china's approach to trade. you know forming your position against china we have wifi and that many of the chinese practices. because they are no use for that to continue to and that's trying to do it means for the u.s. and the e.u. a rare area of agreement. and of course all these trade tensions are also a big issue for the tech sector which is actually congregating in the consumer
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electronics show in las vegas these days chinese companies have traditionally shown up strong at international tech shows like this but from what we can see not this time china's tech giant where has a large booth in that's vegas and it's crowded here the company famous for its phones and tablets it's taking on apple introducing its new laptop for just a little over twelve hundred two ass dollars. at this price you have the premium to sign you will have. to screen this through to touch. if you get it back like people you know be offering to friends they're trying to focus on business here but it's certainly not easy last year and why way executive was arrested in canada at the behest of the u.s. the arrests came amid growing tensions between the two countries why why a way a ten c.m.'s other chinese companies decided to skip the show altogether the number of china's except it airs its twenty percent lower than last year. the chain
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spenders we spoke with were open to talk about their products stressing that they are still very much interested in the u.s. market however no one wanted to go on the record about the current rates tensions between china and us and the consequences the tensions are already slowing down business especially for startups and smaller companies to don't have the flexibility of larger tech rivals. east and the bike maker jetson for example says it is using the show to meet with merchants and talk with competition about moving its supply chain out of china to vietnam. we will continue to look into new directions and new territories all over the world. where it ends up it's undetermined at this point but i believe it's our obligation to explore. a trade war could lead to higher prices and trapping for the news some however think
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that president is not all wrong on china. i think to try to. go the number of the billion years for us trading products and produced products so you know i want to see a little bit more fairness and then expect for us to get it in the short term but you know maybe certain things are setting things today in the right direction you know c.s. is about new tech trends and connecting with new partners this here however it's hard to ignore politics let's make us. in turkey the president owns a one thousand room castle but in turkey anyone can actually buy one if they want to in the city of new building or a booming economy inspired a local investor to invest in a housing development to attract big spenders but it's empty his dream castles are now a real estate nightmare. it's
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a touch of disneyland deep in the rule province of bull in northwestern turkey hundreds of little castles in fact luxury houses with pointy towers and fairy tale charm if it wasn't for the barbed wire and the fact that they're all empty and chest arms selling situated halfway between istanbul and ankara the region is popular with tourists who like hiking in the vast forests here. a turkish developer spent over one hundred million dollars building homes for arab customers. who say that i'm isn't new the inspiration for the project came from our work in kuwait and the gulf countries we talked with our customers there and came up with more than one design based on their demands the choice in the end was for a design like this. is viewed as a sort of up to while the outcome is certainly a matter of taste the economic situation in turkey is clearly bad the economy is
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retracting really rough falling few people here are willing to spend up to five hundred thousand dollars for a villa. that puts measure in a bind his satellite group is seeking bankruptcy protection but he says local factors are to blame. the work. is three kilometers from the city center in an area that's not suitable for agriculture but despite obtaining all the approvals and permission for this project we've seen a lot of bad press that has pitted the locals against us for those any of them was . indeed many here don't like the castles. we don't want these properties here we don't want those houses decided to be sold to foreigners. it seems the foreign office won't be coming after all
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