tv Business Deutsche Welle April 26, 2019 3:45pm-4:00pm CEST
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in northern italy where the chinese have been investing for years before belgian growth even started. hello and welcome to you business asia i'm joined now the milan in berlin good to have you with us german chemical giant buyer it's facing its shareholders at the group's annual meeting today and so far it's been a turbulent encounter buyer share price has been cut nearly in half following the takeover of the us agricultural group monsanto its highly controversial we kill around up has put buyer in the crosshairs of environmentalists lawyers and now shareholders. the cat is out of the bag and buyers shareholders are furious so far to court cases have gone badly ruling that monsanto's round of killer has caused cancer with buyer now liable for tens of millions in compensation the knock on effect has been devastating because of its for. these lawsuits have
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resulted in substantial declines in buyer share price as a result of which you are esteem shareholders have also had to shoulder losses we regret that deeply but they are on the zero zero. buyers share price has almost half since the months on toe purchase how the story continues depends on which studies the courts choose to believe the active ingredient in roundup called life a seed has split opinions among experts one study by the world health organization says life to say probably does increase the risk of cancer other scientific studies say it doesn't buy or c.e.o. boma naturally cites with the latter view. let me emphasize this once again we were convinced at the time and we are today but life is a safe product when used as directed. and it was productive just. environmental groups remain skeptical of life saved and with more legal battles looming public
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opinion may sour even further. our reporter pandey was out the buyer shareholder meeting and bond earlier it's good to have you with us now the board of course was at pains to prove that the monsanto acquisition was not a bad decision but it doesn't seem to have managed that defense quite well has it well exactly jenelle not many people would want to be in see obama as shoes today especially today i mean because he was clearly had been through explain to his shareholders that the his team acted accordingly in the interest of the company when it bought months on to and the fact that they did their due diligence but the shareholders do not seem to be speaking after him at the a.g.m. . unit in the u.s. it said that it would be abstaining from working today the vote of approval in
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german companies is very important symbolic but it does does give a sense of the shareholder sentiment and. approval rating is actually a major embarrassment for the management so there have been prominent advisory forums which are actually advising shareholders to not give the board of approval and that would take place late in the day. now briefly acetone can you also talk to people there what is it that they want buyer to do. well the the general sense that i got from shareholders was the fact that they won by a do come up with a clear strategy on how it is going to deal with the loss of reputation and that's one of the major concerns of the shareholders the other is that the they are concern at the legal troubles of the company they want to buy a to come up with one estimate as to how how much will it eventually cause the company and how soon it could get this off its back. pandey there covering the
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buyer shareholder meeting in bonn for us thank you very much. around the clock shopping is quite natural in japan you can just pop into one of the many many supermarkets known as con beanies and get whatever you need provided there are enough staff but japan shortage of workers is affecting even the biggest market players. can be knees are a mainstay of communities all over japan where there are fifty six thousand of them and until recently all of them were open twenty four hours a day they're run on a franchise model by various chains the biggest of them is seven eleven since march some of it's can be nice have been allowed to close for a few hours each day and customers don't seem to mind too much. of that it's strange to me that convenience stores are trying to operate as normal even though they don't have enough staff and it's not just the case here the situation is the
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same all over the city with them on the street and some. other goal i would be happier if they didn't close but if i go a bit further i'll find one that's open but if they all start closing that would be a problem. for some it's perhaps an inconvenience but for the company it's a revolution at the start of the month a seven eleventh's president resigned for unrevealed reasons but it's thought to have related to a shopkeeper who refused to continue working shifts of up to thirty eight hours me to sheet matsumoto began closing his store between one am and six am leaving the company to threaten him with a one hundred fifty thousand dollar fine he went public about it and the people back to him in the past the concept of work till you drop it has been seen as nothing special but now more japanese are seeing the value in a good rest. now with a belt and road summit underway in beijing the presence of political and business leaders from some forty countries has given china's while away the chance to go on
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a charm offensive it's beijing office has been hosting demonstrations like this one showcasing surveillance technology to malays. prime minister mahathir mohamad meanwhile global players weigh whether to involve the weight and the building of critical five g. infrastructure amid spying concerns such telecom oil k.p.n. and the said today it would choose a western supplier to build its core five g. mobile network making it one of the first european operators to explicitly excluded while way from such contracts. let's cross over now to linda hall our financial correspondent in singapore and hello linda first off to what was charm offensive on the sidelines of the belgian road forum is that working well it's definitely working with cambodia it's recently announced that it would actually engage china's huawei to build its five g. network and it's by mrs clark the now at the balkan routes for over beijing so we
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can see that that is one of the country to have actually been charged over by the. amount of money that it can actually offer to the country during its infrastructure . now if you countries that like the u.k. and germany seem to be seeking the middle ground in terms of while way not an outright ban but limited participation in the form of access to non core parts of the network do you think that's a good compromise. well if we look at the previous mubarak generations from one thousand nine hundred one on words it's actually taken about ten years for each generation to be rolled out and five g. is likely to be indicative of this timeframe so if we take a look at ten years it's actually likely to be how many times the government in the us has actually changed and if we look at the right now the china u.s. treat talks are still ongoing the geopolitical power and influence are still ongoing so we actually see quite a lot of countries that have actually kept quiet about what whether or not they're
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going to engage china to build its five key networks and these are because likely because it could be faced in and it's also because of the fact that we could see things could change and that there could be a chance for other countries to make different types of policy recommendations so this is possibly quite a good position to be making thank you linda hong and singapore there for us. and returning to the belton road we bring you a story from the first g seven country to back that initiative that would be italy its allies have warned against becoming too involved in china's mega infrastructure and trade project but in the small town of i do they carry chinese cash has been flowing for years ahead of china's grand reboot of the silk road. further leader a in northern italy is known for its industry and its support it's also one of the examples of chinese direct investment in italy way before the g seven country
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joined china's belt and road initiative. thanks to investment by chinese and dutch companies a new container terminal is being built in part of liquor is port italy's economic partners think the country risks becoming dependent and indebted to china but at the temples construction site the outlook for the local economy is positive. about the great who would bring a lot of advantages to the region and to the country that we were are we are going to employ a strong number of. new colleagues from and of these here. when we were chief of the first part of our platform delivery. the terminal is expected to create up to four hundred jobs which is sorely needed him but only correct over the last ten years the local economy has suffered a sharp downturn factories and power plants a closing and unemployment spiked locals are hopeful and see the new terminal is an
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opportunity monika giuliano thinks the chinese investment will help the town to rebound. majidi mr mean we have more investment much the greater capacity for action high volumes of traffic interesting exchanges and the best thing is to sit at a table with officials from all over the world speak about the near future in terms of employment. trade and the need for specialized workers i believe it's a great opportunity the important thing is to always have respect for the terrorists and which we work to spec it is better to take out the local labor union agrees the chinese are welcome invalid illiterate. knowledge of the middle part of that she does absolutely no fear of china we have to appreciate that they're investing with we understand very well that there are very few companies or entrepreneurs who can invest in this country of course we will control everything that comes in and goes out and everything that concerns the union level but if
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someone brings money and brings work they're welcome to get out of their love or being italy's economic partners may remain wary but the people of aren't troubled by chinese investment the next few years will be crucial to confirm whether they're right and ready to deal with china's economic interest. and that's it from the end the business team here in berlin for more business news and features check out d.w. dot com slash business or follow us on facebook and on twitter well even now with this quick check on global markets thank you so much for watching.
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thank you india. as the basis of life many of the bodies are polluted and groundwater reserves are endangered but now there is an innovative water purification project and you can make a living from it. and see how an environmental activist is giving new life to dozens of nights. ninety minutes to. the tumbling dice or entire screams of jurors or dealing with any of that i killed many civilians i mean the irish coming in committing my father why they say i was a student because i wanted to build a life for myself. but suddenly life became alledge kind of sob. providing insights global news that matters d. w. made for mines. during the supply chain reaction of
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slaves. to get around six hundred years ago. in the renaissance the revolution and sausage enabled this mentions is that people became aware of their abilities and strengths and in a way there was an outpouring of self-confidence that you mentioned it's the first . architect. scientists. and artists. who are going to meet inventors completely new things and topple the ancient giants who had originally been its teacher miss even to the beach during the darkest bleachers fun to live. on t.w. . leave.
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play . this is the job the news coming to you live from but end first mozambique is hit hard by a giant cycle and winds and heavy rain have destroyed homes and pushed thousands inland seeking set of sites and tennis comes just six weeks out the cyclists who died on death and devastation to the common fate also coming up.
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