backed down united states is temporarily eased a ban or way there are fears the chinese tech giant could allow beijing to spy on the west its top executive in the european union has lashed out at the troubled ministration and says other companies should be worried too but the founder of the firm isn't so concert. the u.s. claims it's acting in the interests of flyways customers by allowing the company to use u.s. made components for a further 90 days it hopes to minimize the disruption to smartphone users but even when that grace period is over some say it may not have the damaging effect on huawei sales that the u.s. may be expecting. as long as he still can operate the stick and all of. stick and don't know what it will do. everything just went for ways responded to the u.s. as temporary reprieve saying it doesn't need the help he's found it says it's developed enough of its own components to maintain its dominance in the smartphone

and 5 g. markets niemi take treat human gene inequalities 5 g. plan will not be affected by the us bans our competitors will be able to catch up with our 5 g. technologies for 2 or 3 years. and the chinese government has also come to the defense of one of its biggest international brands don't leave ontario the united states has resorted to the use of national means to suppress foreign companies and interfere with market behavior frankly speaking it would not conform with the interests of the us itself in the end. without like georgia to initially. monday's announcement that google would be banning kuai from some future android updates show the types of challenges ahead for the chinese company but huawei insists it can keep going even when the u.s. pulls the plug. what is our financial correspondent in frankfurt last what's this repair eve really about. ben as you just heard in that piece the into the white

house says it was acting in the interest of the customer i think that almost sounds a little cute i think they were acting a lot more in the interest of their own american businesses i think president trump might have gotten a few phone calls here from american companies like google or intel or silence there's a ton of them that are actually doing a lot of business with who are way and that would stand to lose a lot of money with that and the with of course google that would come down to the android licensing with intel's silence it's going to be chips if you look at any wall way smartphone about 70 percent of what goes into the phone comes from american companies so there is a lot of money riding on that and i think it sounds to me a lot they this brought that change of mind and there are huge consequences when you put such a big company on a blacklist and then suddenly say no i will give them a reprieve but only for certain amount of time. should other firms around the world

be worried about the u.s. as actions. well i think so i mean of course if you look at china there's other firms there that could be targeted by this administration in the white house any time and of course as we just learned in this particular story american companies then have to worry that business breaks are for them as well and companies generally of course when it comes not only to this particular ban on huawei but to the broader u.s. chinese trade dispute that we have been following for months now companies are all very very worried and one example is the footwear industry right now that has sent a letter to president trump signed by 170 c.e.o.'s that range from reebok to nike to sketchers retailers footwear makers because they are demanding the white house takes footwear off the list of products that are now subject to additional terrorist president trump put it on a list and says he wants an additional 25 percent tariff and the sea overall is the

c.e.o.'s of all these companies remind him that this is going to cost the american consumer over $7000000000.00 more every year and to basically step away from taking measures like that how to forests at the preferred stock exchange there are some other business stories making news. the u.s. justice department is there to oppose a multi-billion dollar merger of japanese team obama usa with its rival sprint it cites competition concerns as according to a report by bloomberg it comes after the communications regulator put its support behind the deal. the german chemicals group by a has confirmed that monsanto kept watch lists on journalists politicians and interest groups in at least 7 european countries by a recently bought the controversial company which is facing thousands of legal claims that its products cause cancer. british celebrity chef jamie oliver

has announced the collapse of his restaurant group over a 1000 jobs are at risk of a says he's sad about the expected closure of 25 sides he blames stiff stiff competition. india shares scaled all time highs earlier today before changing direction exit polls suggest prime minister nuri interim modi is likely to pertain power traders say it's a vital sign of stability for one of the world's fastest growing economies. the headlines are all about narendra modi's prespective when most of the country's major papers are already expecting the incumbent prime minister victorious. good looks like you're staying in power but the actual result is something else this is just a survey modi will definitely come back because there are only 2 types of ideology

in the country we want motoring or we don't want nobody. the prospect of modi's reelection has indian investors already celebrating on monday the money by stock exchange recorded its biggest single day gain in years and on tuesday the sensex and nifty indices rose to record highs i feel that this is a follow up of yesterday's impact and investors are now comfortable that after the results of exit poll they had reason to believe that this is going to be a continuation of what we saw last 5 years india's economy is going strong growth rates topped over 7 percent last year in part due to the successful introduction of a uniform value added tax of course the big question is whether the exit polls will prove true the results set to be announced on thursday before an island is

from the business news outlet quartz india is that all that takes the promise of continuity to make markets. well i think it's a pretty important practical you know considering that it means that there's not going to be any major dude destruction at least in the new york dome if the current government is going to continue so therefore the market has been pretty euphoric as we saw yesterday in fact it closed of the benchmark indices sensex close to direct quite high but you know this is something that's going to die down and in fact in fact today we actually saw the markets down under the sensex and then if you closed in the red even we saw something similar playing out in the currency market just where you know the repeat of transiting all sort of sobered down compared to what we had seen yesterday so it's definitely a good 4th of july to prop up the markets but this is not something that's going to last forever as there is going to be a reality check so no need of tell me if modi returns with

a bigger majority what's the potential for further economic reform right so right just before the elections we saw that the economy was not in the best shape the economic growth was tapering off of unemployment crisis was one of the most important factors that we on the more the government in this current elections so these are the 2 things that the government needs to immediately take care of once or it takes so we're assuming that it's them everything from or the coffin that's going to continue apart from that currently there is a shadow banking crisis that is growing up in the india's financial sector and it has the potential to explode so that is another thing that the new government needs to fix apart from that economists do believe that the focus is also going to be on building up indigenous industries in sectors such as defense shipping ports that are now well in the genes so these are certain things that are going to be on top of. really briefly is india going to become an easy place to do business.

right so interest comparatively become a much better place to do business or in the banking index it stands at $77.00 position right now the more the government wants to bring it down to under 50 and that has been an important focus area for them so that is a ping that they are like refocusing on so we definitely think that probably in the coming years india will become a better place to do business one on thank you very much for your analysis. the fear of missing out despite sanctions north korea says $450.00 domestic and foreign firms have turned up toward spring train fare china russia pakistan and poland are among the exhibitors at the company's walk a fine line. it's supposedly the largest trade fair north korea has ever hosted. on the show because medics from china.

and textiles and trinkets from syria. also proudly on display sorry so the hermit kingdom's answer to coca-cola. is for the serious stories so it's 100 percent made from our country's raw materials it's just like coca-cola it's good for as a gesture and as promotes blood circulation in your brain. the number of foreign companies exhibiting at this fair is generally seen as a programmer serve north korea's relations with the wider world. this year turner is of chinese firms are especially well represented there are more than $200.00 of them here. they stayed away in 20162017 but returned last year after tensions between beijing and pyongyang eased. the purpose of exhibiting is largely speculative at present international sanctions mean the foreign companies can

barely conduct any trade with north korea certain products like pharmaceuticals though are exempt and if diplomatic ties improve the world's most isolated country could one day see an explosion in foreign investment. and that brings you up to date on all the business news making news in asia and elsewhere in the world on. the question is will.

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to find not a tough season ending with alice kill. one last match day to scold to saeed's the sake of life it's a most celebrated. by me and i get a champion as i get. to go. w. . i'm not laughing at them well i guess sometimes i am but i said nothing will happen to me the german thinks deep into the german culture of looking at the stereotypes the question if you think you see the country that i not. need it seems to take for this drama day out. it's all about ok. i'm a joke join me for meet the german sunday w. . post. shifting powers the old order is history the world is real

organizing itself and the media's role is to keep the topic in focus of the global media forum 29 today one out of 2 people is online who are we following them do we trust to beijing and shape the future at the georgia golden globe for 23. francs food. international gateway to the best connection sells road and trail. located in the heart of europe connected to the whole world. experience outstanding shopping and dining. 1st try our services. be our gassed. managed by from.

the be. this is deja news coming to life from the formula one racing legend niki lauda has died his family says he passed away peacefully in his sleep now that was known for his remarkable comeback from a roof it crash in the 1970 s. we take a look back at his career and his achievements beyond the track what's coming up. austria's political crisis deepens the country's chanceless of boston.