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tv   Business  Deutsche Welle  April 30, 2019 3:45pm-4:01pm CEST

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around the world unite. let's do business u.s. president donald trump is suing to stop it handing over financial records about the bank's dealings with the new york real estate mogul congressional oversight committee subpoenaed the documents. for years the job has been from main and sometimes only creditor financing many of his construction projects democrats in congress say they want to investigate possible financial ties between trump and russia. was reportedly concerned about its exposure with trump as he was campaigning for the presidency and now says it is fully cooperating with congressional committees in washington. to frankfurt where doj is based and our financial correspondent. the president suing this this is very interesting and also would have to be george's biggest nightmare come
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true. well it's certainly a big nightmare if not the biggest nightmare coming true well you can't really see what the biggest nightmare when it comes to do it your bank but it has been a loyal lender to of president trump when he was a businessman and that's when so they are going to be question asked about how our german lender kept bankrolling a businessman out of bankruptcies at a time when even the u.s. lenders wouldn't touch him and they're also going to be question whether there was money laundering in bald the fact that there are suggestions that president trump wouldn't have been the president today had it not been for the loans extended to him by deutsche bank because he used most of that money to erect towers that. plaster his name on them and then ultimately tell the people of the usa how successful a businessman he is interesting stuff as
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a george tell me more about deutsch can things get any worse for germany's mainland i mean its share price has just been pulling and pulling and pulling its reputation to. well ben i don't think so unless something really damning comes out of these documents that deutsche is going to eventually summit or not summit but having said that the share prices of deutsche bank have already factored in most of the shady deals that bank that the bank has done over the past i mean a decade or more so the shares as you mentioned have taken a beating they are down ninety three percent from the highs seen in two thousand to the companies valued at just a quarter of the book value i mean that that compares really unfavorably with most of his competition which are much higher value than banks so clearly i don't see it going any further below but then you never know what comes out next for the bank exactly all we know is that it's fighting an up hill battle and it's got
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a long way to go to talk on the interest in frank but thank you very much. now what you are wearing right now may end up one day in india for decades a town ninety kilometers away from delhi has made its living from the clothes the rest of the world throws away at the community has also attracted the attention of campaign is trying to rid the country of child labor. for. now. ok i'll have to pick up there that report had no sound on it unfortunately what i
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can tell you is that it was all about saving children from forced child labor in india in the textiles industry it's a huge problem the most children in labor or in forced labor around the world are in india and to talk about this topic we've got as one people with us joining us from our frankfurt studio from the german institute zoot bins it's active in india on improving a whole range of labor conditions in the shoot. first of all what are you guys doing to save kids from child labor that report we were trying to show was all about that and the successes that some people are having in getting children out of those positions and into school. good afternoon well actually trying to raise a reanalysis on several issues around labor rights violations in india child labor
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and force they've been one of them but by far not the only one we have witnessed in the factories and in the ten reis that we have been. meeting burkas in that for example discrimination in a for for for burkas is very common but also. the. prohibition actually to form unions and to to collectively bargain is very widespread and those violations. of core conventions are the eye of the international labor organization and on these issues we are trying to raise awareness tell me what sort of a future these kids face if deprived of their childhoods and forced to work some of them in dangerous jobs exactly you have to know that some environments are extremely toxic like for example in the ten reasons that we from
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visiting. children are working in very has out as circumstances riches due to the chemicals that are being used in the chani process like for example chromium but not only and children that are working in those environments. they don't expect them to live very long actually. the people that are working in the china industry in india they have a life expectancy of fifty years at the most horrible conditions but what is really interesting a lot of us may not know india legislation is actually quite specific about child labor isnt it. yes exactly not only about child labor it's very progressive it's a very progressive. national just lation comparative to european legislation actually the problem is implementation and. would you trying to do is.
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to get indian authorities to comply with the laws but. that's only one side of the coin if i may say so because this is a shoot responsibility of the companies that order in india that have they have production sites in india and we're trying to hold those companies accountable for the whole supply chain initially as well people from the german institute zoo been talking to us about fighting child labor in india thank you very much for being on our show like a. now to some of the business stories from around the world iran's president hassan rouhani says his country will continue to its oil despite u.s. sanctions speech broadcast on state t.v. he said america was wrong to fail to produce iran's output zero pressure from the us is expected to drive iran in three recession and stay in place and woods forty
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his state. official figures show the eurozone economy expanded by zero point four percent in the first quarter of the year that's twice as much as the previous four and unemployment fell to its lowest level since two thousand and eight it's now hovering around seven point seven percent some countries like greece a much higher. profits and european plane maker air bus fell eighty six percent during the first quarter of the year as you do a number of factors including the ending of the a three eighty super jumbo program after years of losses the german government's suspension of defense exports to saudi arabia resulted in a one hundred nineteen million euro loss. disappointing figures from google's parent company alphabet it fell short of revenue forecasts for the first quarter syndicate shares down nearly seven percent in premarket trading the tech globe and
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has been hit by record fines from the e.u. for blocking rival web search advertising. and samsung has released shows for running's that show profits lead sixty percent year on year to five point three billion dollars a south korean tech company blames paul sales in its low end midrange spot for models along with fall into man from memory chips and displays samsung is the world's biggest maker of memory chips and smartphones. and other tech giant amazon labor representatives from fifteen countries have met in berlin from the company coordinating a strategy against what is one of the world's most powerful companies they say their working conditions are on reasonable. more than fifty trade union representatives from all over the world have gathered in the german capital for a two day meeting. there comparing notes on working conditions in amazon's
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logistics centers around the globe. south america is a new market for amazon and workers there want to learn from others with more experience and gaining better conditions. it's very important for like in you know everybody here in europe absolutely but it's also more and for them for their workers and south america because this is like an unknown territory for us and the sun is just getting into latin america. employs complain of low salaries and they are demanding collective bargaining agreements or at least a more formal dialogue with management they hope their cross border solidarity will make amazon more open to negotiations. well for one thing we've learned that we're not alone we've learned that we're facing some of the same challenges everywhere in the world we have fifteen countries in the room today and we all have the same experience as amazon expands its operations to more and more countries union leaders are now taking steps to help workers everywhere speak with one voice.
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was doing business with it.
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because the workman studied the i got. into the system for the last of the best shot at the ellipse the in the dramatic match they managed to claw against even the most legal title race why the leg off. limits. for celebration the world press freedom day may third on t.w. . slick.
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frankfurt airport city managed by for bought. this is deja vu news live from berlin showdown in venezuela opposition leader juan why the launch is what he calls the final phase in his bid to oust embattled president nicolas maduro clashes on the streets as loyalist troops fired tear gas at the opposition the u.s. tax white all but china and russia stand behind we'll have the latest from the capital.

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