machall is stressing the need for a multilateral approach to global trade that at the end of a visit to japan. welcome to your business asia i want to germans and berlin german chancellor angela merkel is wrapping up a two day visit to japan on tuesday she met with university students stressing again the need for a new multilateral approach to global trade talking at university in america address the ongoing trade disputes between the u.s. and china saying that germany and japan would be the first to feel the fallout if chinese consumption collapses due to the trade tensions. now asked about business relations with china and ongoing concerns about a data protection act also spoke about the role chinese technology giants your way could play in the german telecommunications landscape what she set. the goals of the war here in germany there is currently

a big discussion about weiwei on whether to use it but you know that's something that needs to be discussed with china that the company doesn't simply hand over data to the government german consumers need to be certain that the chinese state isn't getting access to data on chinese products that are sold in germany who looked at through quote from con. german chancellor angela merkel there talking to students in tokyo and for more on angle americans today visit to japan i'm joined now by. business good to have you here in the studio keogh so when it comes to china do japan and germany see eye to eye well they have a lot of a lot in common both japan and germany are exporting nations as we know and that's where they are also quite dependent on the trade with china and for example the most important trading partner in asia for germany but also the dependence that makes both of them quite wary for example we have the thing with merkel she's

voicing concerns about your way as well and in japan that's quite similar because they also have big stakes in the hallway whatever happens to them also happens to japan thing also is we also heard about germany's high tech sector being a bit scared of china buying a lot of their companies like kook of the robot maker and japan in general is just not that happy about the fact that china is stealing the spotlight for them so it's a little this question and the threat of losing you know intellectual property of course and germany and japan certainly have another thing in common it's that those ageing societies and both if you like industry champions struggling a little bit japan more so germany starting now this closer relationship or also in research it's going to be beneficial for both well in a way we can't really forget they are aging society is they have a lot of problems but they're still the third and fourth biggest economies in the world but i think especially in the ai sector and also in the autonomous driving

sector they promise that they're going to work together they have promise also to work together on i t beforehand and it's you never know how much is going to get out of it because there is a lot of competition. about the aging society japan is the most the oldest society i think in the world and it's not handling the problem. well at all there is no solution really about japan can present a germany and be like oh hey look you know do what we've been doing so in that region i don't think there's going to be that much synergy well maybe that's why robots play such a big role in japan today already that we've heard over the last couple of days an awful lot about this close relations between germany and japan how close are they well on an every day level i think there is a lot of love between the two countries japanese people are really in love with german people on the other hand also there is a good relationship but the two merkel and abin know each other have been learning

to the fore i think over ten years now it's a very special relationship i think very harmonious especially compared to the relationship to china or also to the u.s. . there were bits the japanese were a bit upset actually that merkel has been to china for eleven times and this is only the fifth state visit to japan so in terms of quantity the relationship isn't quite as deep it appears there thank you so much. well chinese investment in europe slumped last year from the year before a study released this morning by us and young says it declined by almost half to thirty one billion dollars germany and the u.k. remains the top destination for chinese investment in local companies the study identifies growing doubts about europe and a less dynamic economy back home in china as reasons for the fall the slump is a marked a decline from twenty sixteen when chinese firms invested a record eighty five billion dollars in europe. all right but there's still

a lot of investment going on the question is how does europe strongest economy stays strong in the face of billions of chinese investment and of course the us dominant position in digital technology germany's economy minister peter says his government has found an answer is a look now at the key points of the country's industry strategy twenty thirty. shore up europe's economic motor and arm of german companies like siemens and thyssen krupp against hostile takeovers that's the goal of the german government's new investment strategy after recent years so china buy up one company after the other germany's economic affairs minister says byrne in can't afford to sell its high tech peyton's to foreign powers. but there's been a start on peters i think when certain countries and specific companies use very aggressive tactics to expand their market share then we have the right and

responsibility to respond. out smile so said german companies needed to lead the pack when it comes to innovation in new technologies like artificial intelligence or battery development for electric cars berlin is trying to help kick start that development with billions in new investment which could also help protect german jobs. all right let's get some reaction from frankfurt pakistan but it's a standing by sounds like millions of euros are about to come to german industries way is that good use well by the looks of it that money will resume rule will be reserved for a hostile takeover as and of chinese investment in the past month as we just heard a minute ago is any indicator it may actually work as a deterrent and never see the light of day but it's good we're talking about

champions and that possibly there is some some money free because saving current champions from from drowning struggling champions may not be the way for the future but maybe investing in infrastructure and actually making sure that small mid-size companies can work on problems like artificial intelligence self driving cars and innovate. because they have the infrastructure the digital infrastructure that my view the right way to go all right pakistan gets in front of it thank you. he once was known in india as the king of good times famous for his lavish lifestyle but now billionaire business tycoon b.j. malia looks set to return home to face charges of money laundering and fraud this after monday's decision by the u.k. home secretary to approve an order for his extradition. this is the man the indian government has been trying to get its hands on for two years v.j. malya shown here on his way to course in december moved to the u.k.

in twenty sixteen he left behind him in india over a billion dollars in unpaid debts among the lenders to come ashore see india station owned i.d.b. i bank. monday's ruling which malya can appeal means he can be extradited to his home country to face charges of money laundering and for all its. responding to the decision india's finance minister our own jackley tweeted modi government clear is one more step to get mali extradited going on to accuse the opposition of supporting scam stories in an unrelated matter. the cases become the focal point of indian prime minister new renter modi's pledge to crack down on what he calls crony capitalism. p.j. malya initially made his fortune from kingfisher beer after inheriting the company that makes it from his father he later branched out into formula one racing staying

in control of the force india formula one team until as recently as june of last year. but it was aviation that was his downfall the charges against him relate to the collapse of kingfisher airlines in twenty twelve. india's government accuses the tycoon of conspiring with banking executives to obtain large loans he had no intention of repaying malya maintains the airline's demise was a legitimate business failure driven largely by high oil prices. when six of the world's population is celebrating the lunar new year so happy new year if you're one of those people helping people to celebrate in the traditional way can be big business we have this report from vietnam. welcome to just one of several famous incense villages dotted around. here on the outskirts of hanoi dozens of workers have been whistling trying dying bamboo to meet the booming demand that

comes ahead in the new year a worker is part of this cottage industry can earn up to four hundred thirty dollars a month in the run up to the holiday that's more than double vietnam's average monthly income. in a go cart is the word you know during this job for so long it's raised to me as well as many generations to be in the past people who are poor like thanks to this job many have gone on to study at university i've also raised two of my children to go on to further study. most households around flying our village are involved in the incentives trade and the scent of every batch they make is tailored to match the tastes of their destination over the new year people crowd into temples all over vietnam and light incense sticks during their worship. others burn them at ancestral altars in their homes.

incense is an indispensable things. the worship back to me i usually use in sentence which has a traditional sense such as something a god would how i don't use incense is that a smell of her family or chemicals. that. the lunar new year provides a regular and reliable boom in trade for the incense villages cleaning their centuries old business shows little sign burning out. the last business asia thanks for watching.

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this is details the news coming to you live from a devastating fire in paris the blaze in gulson apartment building killing at least ten people the police believe the fire may have been caused intentionally. also in france workers joined digital vests activists on the streets in widespread industrial action demanding social justice and higher wages. and the court celebrates mass in abu dhabi france's.