german chancellor angela merkel addresses business and world leaders at davos where she makes her case for compromise instead of unilateralist. also chinese telecom giant huawei is fighting for its business in the west and going on the offensive in davos. and mexico's fuel tough problems must in the country's president says he's offering a solution after last week's deadly pipe explosion. i'm stephen beard limber lent thanks for joining us go to lone work together compromise their dueling narratives now now center stage at the world economic forum meetings in davos where business and political leaders are supposed to talk about the future but are still trying to agree on the president on wednesday german chancellor angela merkel gave her view. german chancellor angela merkel appeared more than happy to promote her agenda in the crowded hall in davos. east although i

think we should understand our national interest in a way that we think about the interest of others and from that create win win situations that are the precondition for multilateralism oath that someone from within that's a balance and then. that was apparently aimed at politicians like donald trump who put the interests of their own country first. if you like and japan's prime minister shinzo ave also made it clear and obvious he remains committed to open markets no growth without free trade ave focused above all on digitization and border listy to traffic the engine for growth if you think about it it's few that. no longer by got selling but war on war by this tell data the hustle and bustle in davos is international as usual but the atmosphere is more subdued bricks it climate change stronger

nationalism instead of the world improving the future seems increasingly uncertain the trade conflict between china and the usa hasn't been resolved either and china is pleading for a reprieve and we did you see the u.s. and chinese economies can't live without each other. that's already the reality so the conclusion is that the relationship must be mutually beneficial and when when you. cooperation serves the interests of both sides while confrontation harms them this is a basic principle. everything sounds reasonable improve the world treat each other fairly everyone here agrees but the world outside of davos looks different. and let's go to new york now and talk about that view outside of davos our correspondent yens quarters standing by yes lots of talk in davos about trade tensions brags that slowing growth what is driving investors where you are. you

know we do have those ongoing concerns on global growth trade on the one side we have rather good. corporate news on the other end that actually did the trick here on a wednesday the market pretty much got carried by three companies by united technologies by a big i.b.m. and by procter and gamble those companies had a pretty strong earnings reports i'm also increasing their projections for the next couple of months for big i.b.m. it has been actually the best day on wall street in about a decade and that was the main reason why we did trade to the upside but on the other side there are those ongoing concerns nobody really knows what is going to have been with the trade dispute between china and the u.s. so that put some pressure on the market at some point here on wednesday and then we

are also entering the thirty third day of the shutdown in washington and economists try to figure out what that actually might have an implication for global or for global grozier in the united states still a lot of uncertainties a shaky market but those three companies that made the difference here on wednesday in scored a for us there in new york with the wall street view thinking the ends. and let's get back to our coverage of davos our correspondent javier aligator spoke earlier with michelle basile a she's the u.n. high commissioner for human rights and she's spearheading an anti discrimination an initiative for this year the world economic forum is focusing on how to make the economy work better for everyone and that of course includes the topic of diversity we're very honored to have the u.n. high commissioner for human rights with us today michel but sell it it's a pleasure now i know that i could talk to you about any topic of this conference but i'd like to focus on diversity because i know it's very high on your agenda now

yesterday a new program was introduced to better the conditions for people in companies could you explain to us what this project is about what the priorities there are seven big companies with the world going to make photo trying to i would say push for companies to use the standards that our office define for ensuring as you could be i communities right at the workplace but also in the community but most particularly at the business so the idea is that these companies will develop and see this going to totally policies that they will have a due diligence policies and that they also will be able to respond to grievances because you know if you can be a community many times they are victims of bullying or a harassment worse threats and we know that some of these multinational companies or most of them come from countries where the rights for people are already very advanced how do you approach companies in this program that are from countries

where the human rights situation is far worse and more critical to think different things i mean this big multinational they have one challenge still because at headquarters and those countries there it's work very well the problem. but the local sometimes companies they have this strange this complication so i think there's no one single recipe because it will depend on the country but i think you have to do the. i would say you have to show government that this right thing to do but also the smart thing to do how they can gain or how companies can gain on that of course there are places where you know if you go further they will be what some people say i mean they will give the license to continue working so then you have to find other anti points for example we have a big program of business and human rights so you can start working on human rights as a whole include the idea to be community but you work on the whole kinds of human rights in terms of labor conditions safety for the workers etc so that's one of the other

things that we don't. insist that they're with they have to do everything they can go step by step and also what we are asked them to do particularly when they have a very strong relation with with with suicide under governments that they also can speak to parliament sort of to have the legal framework i mean the laws and the bills that would permit them to move on move forward or strength very much michelle bachelet. and that was javier i'll get us there for us in davos chinese telecom giant huawei was also a davos where governments accused of taking orders from beijing are moving to prohibit their internet carriers from partnering with it now while way is going on the offensive against the backdrop of the ongoing trade war with the u.s. while ways relationship with a range of western governments has grown strained germany for example is currently debating whether to ban its technology from new five g. networks and davos wild ways deputy chairman says in the tech sector companies

needed to start being more vocal in their relationship with governments or it would have serious knock on effects on other industries. i would strongly advocate that the business community to opinions to the government to let out government on their understand the requirements from the business community ata wise i worry that the trends will expand to many many harder industries and countries in fact while ways problems have already spread to other countries in an ongoing drama on the other side of the atlantic in canada its c.f.o. main one jew still stands accused of violating u.s. sanctions on iran and faces extradition to the united states on the sidelines at davos weiwei chairman lee young told reporters his company doesn't pose a threat to a future digital society but convincing western governments of that is easier said

than done. let's leave davos now and go to lot america mexico's president has announced a series of social programs for poor communities which he says will stop people from stealing fuel he made the comments after dozens of people were killed in a pipeline explosion last week. this was the aftermath of last week's deadly explosion in the state of hit algo in central mexico. is occurred after hundreds of people rushed to collect gasoline gushing from a pipeline ruptured by suspected thieves thank you it's hard to imagine a more devastating representation of the country's fuel crisis. mexico's president lopez obrador swept to power on the promise to crack down on years of fuel theft which he says have cost the country billions of dollars in lost revenue. but his decision to close pipelines topped by criminals led to shortages

and long lines at gas stations across the country. despite the crisis oprah door received a warm reception in the town of our company in the state of mexico where he announced an almost ten million dollar investment in social programs for locals. referring to the tragedy in doubt though he said. that no mexican will have the need to take part in such an activity. because they will have work and support from the government their wellbeing will be secured. a few theft is over. that. huge from the crowd in our combat. but elsewhere in the country relatives have been laying their loved ones to rest for them the promise that fuel theft is over has come to lace. and

that's it for us in business i'm stephen beers in berlin thanks for watching. come. on. come. on. every journey begins with the first

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