looming in india we ask as prime minister narendra modi delivered on his promise to create ten million jobs. this is business asia good to have you with us a mega merger set to create a european rail champion strong enough to counter chinese competition has been stopped in its tracks the european commission has just blocked a plan to tie up between german engineering giants siemens and francis out storm the two companies were set to merge their railway businesses to enable them to take on big o. foreign rivals in particular chinese industry leaders c r r c but in a rare move the e.u. antitrust office reject the plan over what it calls serious competition concepts as listen in to what you competition commission emigrated to say. our investigation showed that the merger would significantly reduce competition in several signaling markets and for very high street trends the merged company would have become by far

the largest gray in europe and in some signaling markets there would be no competition that's all right so it's all about competition let's talk a little bit more about that with our financial market correspondent paul chrystia blitzer joins us in frankfurt ad to peter klepper from the open europe think tank in brussels hello to both of you and i'd like to start with you peter open to europe of course is known to be let's say quite critical of the e.u. what do you make off today's the tone is the time to take perhaps a victory lap. i don't think this is a good decision weird way of defining competition i think as long as there's a possibility to enter the market even if there's only one player there's effective competition and indeed in the past the european commission has been complicating all their mergers like for example the woman telecoms between vodafone and

mannesmann and only a few years later the same commission was complaining that there were no european champions in in telecom so this is a weird decision it's also strange that mrs vest dog is so keen to double down on controversial aspects of her job well sort of ignoring the core of her job which is to police state eight for example she allowed italy to bail out a bank that just passed just with all the whimper right so the e.u. commission they're not painted in a very nice light paul were talking about competition we just heard that this decision makes the e.u. prop possibly less competitive we certainly know the german economy minister presented a national industry strategy only yesterday that aids to create a national champion is today's the to killing any such a vision. no quite on the contrary it's only going to refuel the

debate neither french finance minister. is going to be happy about this nor is. my on the german and economic minister in fact he's already said there will be a french german initiative to rewrite european competition law in order to allow for these for these kind of mergers until then however you're of will have to ward off china in a different way maybe by enabling its companies to to actually innovate and compete thereby and become stronger against a possible chinese threat all right peter just very briefly i mean competition it also needs a level playing field we need to strike a balance between open markets level playing field absentee critical infrastructure in safe hands how do you strike that balance well i think if we just allow the market to play then we will make the european economy and the environment strong i

mean it's possible for a chinese for american firms to enter the european markets and it think the job of the european commission should be to save darts that competition within europe is fair and to make sure there are as little hurdles as possible for non european companies to help sort of european consumers because at the end of the day does the only thing that matters the interest of the consumer all right. there from open europe think tank in brussels and to pakistan but it's joining us from frankfurt thank you so much to both. u.s. president still not strong person once again accused china off attacking u.s. industry in his state of the union address last night he called for an end to us he called calamitous trade practices and the theft of american jobs and intellectual property in the next few days trump is likely to sentence chief negotiators back to beijing china's president has invited trump to the resort island to offer hina at

the end of february if negotiators haven't gotten results by then trump has threatened china with drastic tariff increases on chinese goods at the beginning of march. while with only twenty four days left until the truce in this trade dispute runs out we asked as william young in taipei how many of us businesses in china time is ticking away. there have been reports about chinese factories temporary suspending their operations because they're trying to assess the impact of the trade war on their businesses however experts that i talked to earlier today predict that both sides are likely to extend the deadline of the trade truce so they can continue to negotiate and find reach consensus on a course of lucian's issues after all they predict that. washington is unlikely to suddenly raise the terrorist from ten percent to twenty five percent because it

could still cause damages to the u.s. economy. william young there in taipei to india now where prime minister narendra modi rose to power on a promise of job creation with new elections on the horizon we ask has he kept that promise or the task is certainly huge millions of jobs need to be created and one newspaper claims that confidential government documents put unemployment at a forty five year high are some of prime minister modi's opponents say a massive job gap is looming with thirty thousand young people entering the market every day but just four hundred fifty of them getting jobs while the prime minister reject such statistics saying they don't reflect the reality in india instead he's looking at new ways to collect the data and the latest official job figures were released before two thousand and twelve so there's not much to go on then for indians to decide whether kept his come pain promises or not well let's talk

a little bit more about that and bring our correspondent in or rather new poor ananta who is a writer for the indian financial news website wards and she joins us in one by a good to see oh please tell us how serious is this jobs crisis in india. i think it's very serious to begin with the not in the room or the government game too far with the promise that they're going to create ten million jobs every yours this was into it twenty fourteen and what you see right now is completely different also talking about the data that is being accessed by the news people it shows that the unemployment levels are as high as it was in one nine hundred seventy s. now we're talking a more to predict which is the liberalization which is a time when the private sector five dissipation was also a little and right now during twenty eighteen thousand nine hundred fifty and had a similar state it deflects rain for you on india i can considering that the

general elections are going to come up again this year it's way likely that the political parties are going to recover the issue and it may be one way heavily on the war does this rest also the fact that the government as he didn't believe has not have not reviewed it also shows that probably you know they're trying to rush something on the drug which doesn't reflect read the new power it sounds that the government isn't doing what it needs to do just briefly what needs to be done. a lot needs to be done for instance or right now the government needs to come out and clear the air on the water jobs in order to begin with they have been talking that there has been job creation and there has been courting some data but none of the data that they have mentioned actually what's on there also mean claiming that because india is growing at a fairly decent pace of about seven percent and therefore there's bound to be job creation how were economists have debunked this story seeing that right now india

is going through a feast of what is called a job this economic growth different governments to come out and clear the air and it has very few times left before the elections to actually pull that out. there roger for the indian finest use website quotes talking to us from mumbai thank you so much. now researchers in india say that the country's camel population has fallen by thirty percent in recent years they've been replaced by motorised forms of transport it's bad news for those whose livelihoods depend upon the animals but a new market is opening up that could bring the boost they meet. for centuries they were known as the majestic ships of the desert but technological advances have seen the reliance on the camel slowly declining the days of nomads like ritesh reika and his family leading caravans hundred strong are all but over well i'm about earlier we had around a hundred fifty camels but we can't find the labor to look after them it just

doesn't generate money anymore it's the opposite we have to put in our own money to keep them going. but salvation for recreation his father lakshman could come from far away in the cities where the market's being driven by another of the camels qualities then milk. its past year and saltier than cow's milk the researchers are hoping to pair up herdsman with urban entrepreneurs to produce a line of new products with an emphasis on the health benefits of camels milk. but we saw that the camel milk. the glow caused there were very nicely it can manage that by. india being called a diabetic there were two we can make use of milk. converting indians to camel milk could be a tough sell many in the country worship cows and their products are sacred but

reckon reika and his fellow still hoping it will be one way of keeping the ships of the desert afloat. and to that is business asia here on the w. thanks for watching and of course do stay tuned for detail the news up next right here in the meantime you can catch up on all the latest business news by following us on twitter and on facebook and you can also visit our website that is dot com slash business.

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