number of foreign visitors at a korean trade fair despite sanctions. been physical and let's do business 1st the clamp down now a backdown the united states has temporarily eased the bad or huawei or fears the chinese tech giant could allow beijing to spy on the west it's of 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 concerned. the u.s. claims it's acting in the interests of 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 you still can operate this duke and all of. the stick and don't know what it will ruin. everything with just one for always

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 in 5 g. markets. meaning take krishi engine inequalities 5 g. plan will not be affected by the u.s. bans our competitors will be able to catch up with our 5 g. technologies for 2 or 3 years free to some and the chinese government has also come to the defense of one of its biggest international brands on leave on terror to 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 u.s. itself in the end will without you know to what you initially. monday's announcement that google would be banning while way 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. then 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 off their own american businesses i think president 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 they 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 or 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 we'll give them a reprieve but only for certain amount of time. should other firms around the world be worried about the u.s. 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 and on huawei but to the broader u.s. chinese trade dispute that we've 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 to see overall if 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 germany's t. mobile usa with its rival sprint its sides competition concerns that's according to a report by bloomberg it comes after the communications regulator put its support behind the deal. the german chemicals group by it 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 sites he blames stiff stiff competition. india's shares scaled all time highs earlier today before changing direction exit polls suggest prime minister narendra 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 to him victorious.

looks like he'll stay 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 mum by stock exchange recorded its biggest single day gain in years and on tuesday the sensex and nifty indices rose to record highs. this is the 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 rate stopped 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 result set to be announced on says day no 4 on on days from the business news outlet quartz india is that all that takes the promise of continuity to make markets search well i think it's a pretty important practical you know considering that it means that there's not going to be any major did disruption at least in the new york well if the current government is going to continue so therefore the market has been pretty euphoric as we saw yesterday in fact it closed the benchmark in the sensex close to a record high of what you know this is something that's going to die down and impact in fact today we actually saw the markets were down in the sensex and then if you closed in the red. we saw something similar playing out in the currency market as well where you know the rupee trending all sort of sobered down compared

to what we had seen yesterday so it's definitely a good move. to prop up the markets but this is not something that's going to last forever with there is going to be a reality check so no need to 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 cool it was tapering off of unemployment crisis was one of the most important factors that we had 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 it takes so we're assuming that it's them everything from or the government that's going to continue a platform that governs the 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 still believe that the focus is also going to be on voting up indigenous industries and sector 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 place to do business right so you know as combatively become a much better place to do business well in the banking index it stands at 77th 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 for one and thank you very much for your analysis thank you the fear of missing out despite sanctions north korea says 450 domestic and foreign firms have turned up toward spring trade fair china russia pakistan and poland are among the exhibitors but the company spoke a fine line. it's supposedly the largest trade fair north

korea has ever hosted. on the show has met expression china. and textiles and trinkets from syria also proudly on display sorry so the hermit kingdom's ounce or took coca-cola. is what is soon to store so it's 100 percent made from our country's roll materials it's just like coca-cola it's good for suggestion and promotes blood circulation in your brain. the number of foreign companies exhibiting at this fair is generally seen as a barometer of north korea's relations with the wider world. this year turnout is up 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 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 or elsewhere in the world and. to get your license business with.

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g.w. has it all. elections on may 26th g.w. . player. play. played. this is newsnight from formula one racing legend. was known for his remarkable comeback after a horrific crash in the 1970 s. a look back at his career i'm much feel the track. on the program. chinese company huawei gets a temporary reprieve from the us government on planning sales restrictions for the .