google deals a blow to huawei the chinese smartphone maker loses access to critical features of google's android operating system we'll hear what consumers have to say. also on the show start ups try cutting in on the highly competitive razor blade industry. and bangladesh wants foreign inspectors out of its clothing factories we'll tell you what the country's supreme court says. welcome to your business i'm stephen beardsley in berlin thanks for joining us google has barred the world's 2nd largest smartphone maker huawei from using many of its products it's a big blow to the chinese company last week the tropic ministration limited the amount of business american companies can do with while away google's move means while we now loses its license for the android operating system and for popular google apps such as google play g. mail and you tube. there is dismay in europe at the news that many google services

will no longer be available on who are with smartphones in rome businessman argue opera philly has lost faith in the chinese manufacturer but you know then you know i was very much get angry at huawei who sold me something that doogal doesn't recognize anymore i will send it back via registered mail. with. the us government has added the chinese company to a trade blacklist which munich resident he finds hard to accept any of us wouldn't you clearly know this sort of thing is unacceptable it's again the customer that has to suffer because of some argument the americans have with chinese companies i think it's totally unjustified and it's a wonder they staged back in beijing chinese foreign ministry spokesman lou kang said the chinese government would defend chinese interests in the face of the decision. china will confirm this and will look into it and pay attention to it and at the same time china supports chinese companies to use legal weapons to defend

their legitimate rights. washington is also blocking u.s. technology firms from providing microchips to while away but the company says it has many supplies in stock. the u.s. government considers who out with a national security threat it has already found who are with parents in the building of america's 5 g. internet data network and is stepping up pressure on several european allies to do the same. and let's go elsewhere financial correspondent in new york jose luis to hot oh who's at the markets have taken this wow it is pretty hard haven't they it is a i mean it's important sense investors see the current situation not only as a wakeup call for who are away but also technology call cold war will have consequences for both the chinese and u.s. tech companies but also for all the cheap makers on providers that case up in fenian technologies especially consumers that worldwide as the u.s.

and department of commerce reviews the entities least at risk to choose a new or way most to companies and not only cheap manufacturers are feeling to heed tensions increase so does the probability of rich and google's and all the recent decision good heat hard on who weighs as more from business so does it not having to regular providers something that could delay development of 5 g. networks but that does situation escalates all the companies such as awful who have a very hard time in the chinese market. it has they have to ask you about shares in the german lender hitting an all time low on monday after an analyst for u.b.s. downgraded profit projections meanwhile the new york times reported that the bank ignored employee alerts on past transactions connected to entities controlled by donald trump and his son in law cushion are raising more concerns about the bank's safeguards against money laundering linder denies reports. back to jose does

this mean. i should ask is running out of time to turn things around basically shares falling once again. so stephen they're the reason urgent need for a turnaround either by a merger deep or cost cuts or as some point point out investment bank operations the commerzbank negotiations collapse a few names it could make sense that to pursue a merger we need to keep in mind that deutsche bank is already too big to fail entity with systemic risk also the reason reputed asian no problem related to some of situations and ask for now it seems that their plan is to achieve a cost cutting targets and take some measures to protect a downgrade of its credit rating or it was a lose tomorrow keeping an eye on things in the u.s. thank you jose and staying in the u.s. automaker ford is cutting some $7000.00 white collar jobs roughly 10 percent of its

global workforce the move is part of a major restructuring that the company says will save $600000000.00 annually and streamline its operations about of a 3rd of the layoffs will will be in the u.s. forces also cutting jobs across europe as part of a separate plan to turn around its business there including $5000.00 positions in germany. and let's look at some of the other business stories making news. the chairman of the us federal communications commission said bill backed the $26000000000.00 merger of sprint and germany's t. mobile sending shares of both firms upward pi's said the merger would approve build out of 5 g. wireless networks across the country the f.c.c. will give its formal verdict to the merger next month the us justice department also has to approve the deal. ryanair has posted a 29 percent drop in annual profit budget airline blames higher fuel costs cabin crew strikes and fears competition is says it's also affected by the grounding of

boeing $737.00 max which is considered a very fuel efficient plane. one in 5 international companies is being forced into technology transfers in exchange for access to chinese markets that's according to a survey by the e.u. chamber of commerce in beijing cutting edge european companies are strongly affected carmakers pharmaceuticals and chemical firms all saying they've had to pass on data software and construction plans. and the morning shave is big business for the razor blade industry consumers worldwide forked out 3 and a half $1000000000.00 on blades last year but the traditional market giants gillette and wilkinson are now facing new rivals including u.s. based harries that offer competitive quality blades at a reasonable price kerry says bought a 100 year old razor blade maker in eastern germany. razor blades are touring in speciality still very much

a question of manual work even as machines turn out thousands of blades a day some of the people here belong to a 4th generation of workers and they've mastered the cathedral finish barely visible to the naked eye it makes the blade exceptionally sharp as managing director michelle her timer explains. the set a very old grinding technique which means a lot of people know it the art however is in repeating it mechanically millions of times a day in consistently high quality few minute factors can do that word of that spread in 2014 u.s. startup parries bought the small ice field based company for $100000000.00 it's pumped another $50000000.00 into new production machinery since their. jobs were created offices modernised all with the aim of taking market share from the established brands. a short video conference with harry's new

york team andy katz mayfield is one of the 2 u.s. bosses. he was convinced he could break into the u.s. market with his high quality but low priced blades from eastern germany. back sure how it is process you know they're the fundamental product is me someone similarly buy it on our factory is doing this for a 100 years the competition watched uneasily for a few years as harry's advice failed cut into its business. then the owner of the ship and wilkinson saw bronze age will stroke buying up perry's at the beginning of may for almost $1400000000.00. over age and l. bangladesh wants them out but our court has ruled that factory inspectors from abroad will stay in the country another year it's been 6 years since the run up plaza collapse one of the world's worst industrial disasters inspectors say they

need more time to get safety up to scratch at the country's 4 and a half 1000 factories the majority of them making clothing for the west. for a begum was inside the rana plaza factory when it collapsed in 2013 she was left with a crust 1st which still causes her pain she received less than $4000.00 in compensation a sum she says wasn't even enough to cover her medical bills along with many other victims she believes the government response to the disaster has been a failure. or a group rather i want the government to compensate me none of the workers were adequately compensated they fucked us off with small change what happened to all the money from abroad we need that money we want run out to be brought to justice. but compensation was only one issue to arise after the disaster the accident also

put a spotlight on poor safety conditions in garment factories across the country under an agreement known simply as the accords a team of international safety inspectors were brought in to monitor standards in bangladeshi garment factories when their 5 year term was up last year the government asked them to leave that sparked an outcry with critics maintaining that the government was not equipped to carry out its own inspections the accord does not think that this government entity is is fully prepared at this time. to adequately regulate safety and we are working intensively with and in support of them so that they can achieve that in the quickest time possible the ruling from bangladesh's top court means the accord that inspections will continue for another year the hope is that this will help avoid another disaster like that which turned for becomes life upside down. and that's it for me in the business

team you can find out more about these and other stories online at dot com slash business or on facebook and twitter as always thanks for watching.

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