too big for european authorities the e.u. commission vetoes the seaman's out strong fusion. and with fresh elections looming in india we asked as prime minister narendra modi deliver on his promise to create ten million jobs. and 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 giant 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 signalling markets and for very high street trends the merged company would have become by far the largest cray 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 pal 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 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. 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 wall sort of ignoring the core of her job which is to police state aid 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. pop possibly less competitive we certainly know the german economy minister presented a national industry strategy only yesterday that aides to create

a national champion is today's speech a 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. 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 of a competition it also needs a level playing field we need to strike a balance between open markets level playing field and keep 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 think the job of the european commission should be to safeguard that competition within europe is fair and to make sure that 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. presidents don't want to trump us 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 to 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 yang in taipei how many of us businesses in china i just time is ticking away. there have been reports of 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 the course aleutians

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 and he kept that promise all 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 most 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 now the prime minister rejects 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 moody 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 who is a writer for the indian financial news website quartz and she joins us by 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 interim or the government game too far with the promise that they're going to create ten million jobs every yours this was into a 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 level it's not as high as it was in one thousand nine hundred ninety s. no more to predict which is the liberalization which is

a time when the private sector participation was also a little and right now during twenty eighteen may nineteenth if you're standing at a similar stage it deflects rain for you on india i've been considering that the general elections are going to come up again this year it's rainy likely that the political parties are going to recover the issue and it may be when we carry on the war does this rest also the fact that the government has hidden the data and has not have not revealed it also shows that probably you know they're trying to rush something on the drug which doesn't reflect read the new poor 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 royal 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 saying that right now india is going through a phase of what is called a job this economic growth there isn't the government's to come out and clear the air and it has very few time just before the elections to actually pull that out indeed there roger for the indian finest use website quotes talking to us from mumbai thank you so much. now researches 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 one 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 recognition is father lakshman could come from far away in the cities where the markets being driven by another of the camels quantities 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 and it can manage that by one is what. india are being told about protect opportunity 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 sacred but reckon reika and his fellow man maps the still hoping it will be one way of keeping the ships of the desert afloat. and to that his 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 web site that is d w dot com slash business.

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