now safety advisers called in at the time could soon be forced out. of the show german fin tech company why a caucus ready for strategic alliance with japan's softbank. this is business asia. impeccable beaches the rolling hills of tea plantations and vast jungles with wild elephants this is what attracts thousands of tourists every year the devastating terrorist attack on easter sunday left the island associated with violence and deaths last year been named one of the top tourist destinations for twenty nineteen a tourist made up around five percent of the country's g.d.p. last year already it was its fastest growing source of. the attacks will likely economy back at least in the short term. the beaches are empty a result of the terror attacks most tourists have gone home others are too scared

to come. off. and things seem to calm but found my document often just cancelling but i can be. nice and he said i'm on. holiday business is important for sri lanka before easter sunday the country's financial situation was already rough last month the i.m.f. extended a one point five billion dollar loan into twenty twenty analysts have commented a collapse of the tourism sector who cause the rupee to weaken in turn leading to higher interest rates impacting businesses across the economic spectrum economic impact. of such an. inevitable short so you have to face the consequences but we as a country and she. it is i'm. trying to rebuild.

the confidence in the minds of the travelers but they should travel this. and keep you know moving won't not all hope is lost some tourists remain defiant in the face of terror. want to have fun and we can change our lives because of the terror because that's not to change our lives and we don't want to. other countries are also recovering from the terror attacks of recent years the number of tourists that visited turkey grew by over twenty percent in twenty eighteen many sri lankans hope their country will see a similar rebound. what drugs do to another five years ago eleven hundred workers lost their lives in one of the worst industry disasters in recent economic history and a factory roof in bangladesh collapsed and it buried them alive it became and famous as the rama plaza disaster international advisers were called in back then to

implement new safety standards in bangladesh state style industry but they may have to leave. the pain still sits deep the sadness is ever present the grief over the loss of family members is still rule hundreds of workers attended rana plaza memorials but their grief is mixed with anger the international fire and building security agreement may soon have to end its work in the country it was set up soon after the twenty fourth of april two thousand and thirteen the day over eleven hundred people were killed when an eight story textile factory on the outskirts of dhaka collapsed many more were injured it was the biggest industrial accident in bangladesh's history in the aftermath two hundred western companies banded together to oversee safety standards fire stairs emergency exits fire alarms companies that didn't meet standards last contracts many factory owners felt that we. unfair they

say they have to invest in safety but western companies refused to pay more for the goods in may last year thank goodness his highest court decided that the international inspections should be ended though a final ruling has been delayed several times the next hearing is set for may nineteenth many workers fear that once the inspections end workplace safety will once again deteriorate trade unions are also currently demanding higher wages and shorter working hours in an industry notorious for exploitation and mess of profits . at the beginning of may no country will be able to import iranian oil unsanctioned that's what the us government said on monday the oil market was quick to respond and in the long term some countries like turkey struggle once iran's oil is shot off. iran will be hit hardest. inflation is up by over fifty percent that means everything is getting more expensive for ordinary

iranians but hardly anyone wants to comment on the situation publicly. you don't read too many of you do some have a fixed limited wage like hers when prices rose we had to change a lot of things our rent went up we were forced to spend our money on rent instead of food. before us and. in other words money has been losing its worth since u.s. sanctions on iran were reinstated in november of last year. i mean life before the sanctions was hard for maybe half of the people but after the sanctions approximately eighty percent of the population is having a hard time. and things are about to get harder prices are expected to rise even further once america's sanctions plugged the last hole in iran's oil well. the outlook for germany's economic environment has been looking increasingly gloomy

now a key indicator of business confidence is also pointing to a decline the institute for economic research regularly surveys nine thousand firms its business climate indicators suggest the services and construction sectors are still feeling strong traders with a higher alliance on exports are more pessimistic about the next six months weakening global economy the uncertainty over breaks it and major trade disputes are all weighing on the move. i'm now joined by claimants forces the president of the evil institute who conducts this study this is why our german business leaders worried and do they have a point well they certainly have a point in particular in manufacturing manufacturing in germany has a strong export exporter and due to increasing trade wars brags that uncertainty exports have been slow although it is not only exports what we see is that even

domestic demand for certain types of industrial products is weak in particular demand for investment gold so it seems that german companies are slowing down their domestic investment maybe related to one paper tax cut conditions other countries have cut the tax rate so high energy prices so there are concerns about the conditions for investment in germany that makes things difficult for the manufacturing sector or services and construction sectors are more optimistic do you think that is justified. well that is justified there is a lot of demand domestically for housing at least in the big cities that drives construction of the low interest rates drive up real estate prices that also supposed construction so that the sector has been booming for some time running at full capacity that spills over to parts of the service sector architects are doing very well and been ears are doing very well and then there is

a lot of demand five services and generally consumption is strong is because employment is still growing in germany wages are growing rather quickly and this keeps up domestic demand so it's really divided economies strong domestic consumption demand weaker exports and weaker manufacturing. briefing as opposed to a personal view you talk so a lot of you look at a lot of business indicators you share the doom and gloom. i think this is a fair assessment in particular there are concerns about the future of manufacturing for dummy manufacturing is very important and we need to make sure that there is a positive future for the automotive industry which is in the big process opery structuring we need to make sure that there is a pose a positive a future generally for industry in germany in the face of digitization so there are some challenges ahead in the medium term i'm optimistic i think that german

companies will cope with this change but it would be important that economic policy does its part and tries to improve investment conditions as well a lot of work for berlin there thank you very much clements foods president of the for institute. tapan so spunky is to invest nine hundred million euros or a billion u.s. dollars in the troubled financial technology company was called the german specializes in providing electronic payment services was a rising star of germany's finance sector but has been shaken by a series of financial times articles that made allegations about the asia operations soft bank which has a robot its division will gain a state of more than five percent below. its brand called booze in frankfurt that can't have left investors unimpressed absolutely. caught up more than ten percent this wednesday obviously the markets believe that

you know this large investment by soft bank will make it more difficult for short sellers to bet against why a card remember up until the easter holiday the german finance or authorities had put a ban in place against short selling why a card shares which is a strategy to bet on a falling share price now after this battle was over of course many people on the markets have believed that the short sellers might come back but this large investment by soft bank now is a big statement it means basically there's a strong anchor investor at the side of why a cut and that makes of course betting on the lower share price of why it caught much more risky and much more improbable why it is part of the docks now we look in there at the creation of a new national champion. well obviously we do not have that many large fin tags here in germany and you know soft banks soft bank or its own mr

masayoshi saw this is a huge investor know for investing always in the best when it comes to tech companies like yahoo japan slack and many others are investors of soft bank and wire card now is you know part of the good renowned family i would say it's definitely one to watch thank you very much. that's it for me on the business as a team here and berlin for more business stories to go to our website www dot com slash business change for news that's next on top of this quick look so let's watch.

the first template for europe are in full swing and you're standing in today at the last plenary session of this particular european parliament because we'll have a new one coming and the result of that election is going to be closely monitored in africa the continental after all that's. yes of a complex relationship with europe. are so special. why they matter. and. what's the connection between bread. and the european union he knows. w correspondent and avid baker can stretch this line with the rules set by the.

smoking recipes for success strategy that make a difference. baking bread on d.w. . every journey begins with the first step and every language is the first word published in the book nico losing germany to such. posts why not learn listening. to snuffs in simple online on your mobile and free. w z e learning course speak german made easy. go to the new romex channel. post goodbye no story. with exclusive sites. plus see concerning parts and culture to ensure a. place to be for cheerios minds. do it yourself networkers.

subscribe and don't miss out. this is the only news line for a government shakeup in sri lanka the president tells the country's defense and police chiefs to step down from mishandling intelligence warnings of possible attacks meanwhile grief stricken strong constantinian to bury their loved ones killed in the easter bombings the official death toll now stands at three hundred fifty nine when colombo also coming up remembering the victims of the armenian

genocide we meet one woman who says she's still coping with trauma.