tv Business Deutsche Welle April 26, 2019 6:45pm-7:01pm CEST
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aging presents an opportunity for awhile way to put its best foot forward but many countries remain wary of the tax the fire. and we take you to the quarry out in northern italy where the chinese have been investing for years before belton road is even started. hello and welcome to 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 fire 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 roundup killer has caused cancer with buyer no liable for tens of millions in compensation
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the knock on effect has been devastating he's afraid for. these lawsuits have resulted in substantial declines in buyer share price as a result of which you are esteem shareholders have also had to shoulder losses and we regret that deeply that when the zero zero. buyers share price has almost half since the month santo purchase how the story continues depends on which studies the courts choose to believe the active ingredient in roundup called life saved has split opinions among experts one study by the world health organization says life to say it probably does increase the risk of cancer other scientific studies say it doesn't buy or c.e.o. boma naturally sites with the larger view. dozens of these are let me emphasize this once again we were convinced at the time and we are today but life
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is safe is a safe product when used as directed. transitionals but looked just. environmental groups remain skeptical of life's age and with more legal battles looming public opinion may sour even further. our reporter pandey was at the buyer shareholder meeting and bonn 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 genelle not many people would want to be in see obama as shoes today especially today i mean because he was clearly had been stu 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.
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. bank unit in the us he said that it would be abstaining from working today the vote of approval in german companies a.g.m. is very important it's largely symbolic but it does does give a sense of the shareholders sentiment and. approval rating is actually a major embarrassment for the management so there have been prominent shareholder advisory funds 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
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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 buyer shareholder meeting and bond 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 congolese and get whatever you need provided there are not 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. but it's strange to
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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 same all over the city with them on the job it's. not the only 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 stuck 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 meter sheet matsumoto began closing his store between one am and six am leading the company to threaten him with a one hundred fifty thousand dollars fine he went public about it and the people back to him in the past the concept of work till you drop has been seen as nothing special but now more japanese are seeing the value in a good rest. now with
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a belt and road summit underway in beijing the presence of political and business leaders from some forty countries has given china's well we the chance to go on a charm offensive its 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 wall wait and the building of critical five g. infrastructure amid spying concerns telecom oil k.p.n. and 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 it working well it's definitely working with cambodia it's recently announced that it would actually engaged china's huawei
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to build its five g. network and its prime minister is kind of the now at the balkan roots for over beijing so we can see that is one of the country that has actually been charged over by. amount of money that it can actually offer to the country building 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 time frame so if we take a look at ten years it's actually likely to be how many times the governments in the u.s.'s actually changed and if we look at right now the china u.s.
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treaty 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 was a not they going to engage china to build its five key networks and these up because like it because it's could be faced and it's also because of the fact that we could see things could change and that that could be a chance for other countries to make different types of all the thieves 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 vodou the chinese cash has been flowing for years ahead of china's grand reboot of the silk road. further leader in northern italy is known
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for its industry and its port it's also one of the examples of chinese direct investment in italy way before the g seven country 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 the liquor is port italy's economic partners think the country risks becoming dependent on indebted to china but at the terms construction site the outlook for the local economy is positive. about the gate we will bring a lot of advantages to the region to the country so. we are going to employ strong number of. new colleagues from end of this year. of the first part of our platform at the livery. the terminal is expected to create up to four hundred jobs which is sorely needed in bad only good over the last ten
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years the local economy has suffered a sharp downturn factories and power plants a closing and unemployment has spiked locals are hopeful and see the new terminal is an opportunity where monika giuliano thinks the chinese investment will help the town to rebound. my dream is to me we have more investment greater capacity fraction higher volumes of traffic interesting exchanges and the best thing is to sit at a table with officials from all over the world to 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 territories which we were expecting it is better to take it out the local labor union agrees the chinese are welcome invalid illegal rick. knowledge of what i mean about it she says absolutely no fear of china we have to appreciate that there
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invest. with you understand very well that there are all 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 someone brings money and brings work they're welcome to get out of their level or maybe being italy's economic partners may remain wary but the people of. 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 for me and 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 will leave you now with this quick check on global markets thank you so much for watching.
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shifting powers the old order is history the world is religion izing itself and the media's role is to keep the topic in focus of the global media forum twenty nineteen today one out of two people is online who are we following do we trust to beijing and shape the future at the georgia dome a global forum twenty nineteen. it's all happening the looks of it offending. your link to news from africa and the world. your link to exception stories and discussions can you and will come to africa a program tonight from for an examination from the news of these eaves i would say
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gassed transferred city managed by truck bought. this is it only news live from berlin mozambique bears the brunt of another giant cycle of tropical storm candace unleashes high winds and torrential rains on this beleaguered nation restoring homes and pushing thousands of people inland just six weeks after psycho need a submerged and devastated the country also coming.
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