now a backdown the united states has temporarily eased the bad on huawei there are fears the chinese tech giant could allow beijing to spy on the waist 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 concerned. 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 it still can operate its do can do all of. the stick and all what it will do. everything just went for ways responded to the u.s. as temporary reprieve saying it doesn't need their help its founder says it's developed enough of its own components to maintain its dominance in the smartphone

and 5 g. markets niemi 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. and the chinese government has also come to the defense of one of its biggest international brands. move on 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 or without like the church ministry or. 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 while insists it can keep going even when the u.s. pulls the plug. is our financial correspondent in frankfurt lars what's this repair you've really about. and 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 the lot of money with that and the with of course google that would come down to the android licensing with intel or science 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 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 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 was 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 and 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. indian 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 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 mum 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 there were 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 are 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 fact oh you know considering that it means that there's not going to be any major dude destruction accused in the new york dome if the current gun government is going to continue so therefore the market has been pretty euphoric as we saw yesterday in fact it closed the benchmark indices sensex close to direct quite high but you know this is something that's going on and in fact in fact today we actually saw the markets were down and if the sensex and then if you closed in the red we saw something similar playing out in the currency market is where you know the rupee strengthening 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 as 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 cost 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 or it takes or what assuming that it's then that means the more the coffin that's going to continue a platform that currently there is a shadow banking crisis that is growing up in that india as the 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 and sectors such as defense shipping boards 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 in

the us comparatively become a much better place to do business or in the world banking index it stands at $77.00 position right now the more the government wants to bring it down to or under 50 and that has been an important focus area for them so that is a ping that they are like to be focusing on so we definitely think that probably in the coming years india will become a better place to do business of one and 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 fork a fine line it's supposedly the largest trade fair north korea has ever hosted. on the show because medics from china. and textiles aren't trying gets from syria also proudly on display

sorry so the hermit kingdom's answer to coca-cola. is for the city to do stories so it's 100 percent made from our country's raw 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 programmer serve north korea's relations with the wider world. this year turnout is up chinese firms are especially well represented there are more than 200 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

a 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 elsewhere in the world and. to get. us to business.

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the best time to take the stuff the benefits the big time of year of just such the nominee and the fun for the trip the body. to overcome downtrends and kinetic audience time for. indeed obvious coming up ahead. minds. first chamisa the. constitution the 17. you served as an all star in the german. grandma scene is basically a 10 cent this was. dropped

a big idea the bottom what's become of it and what looks like tomorrow the b.m.w. gets ready for an in-depth look at the european elections across the bus just a matter of so what are european voters hopes for the new parliament what challenges fly ahead. probably too long because his sins and the people in power have gotten away with not doing anything to fight the climate crisis. group in election affect the best. expert discussion is for us to do the new prince of record we have to answer to his voters 1st. g.w. has it all. elections on may 26th g.w.

. this is a doubly news live from berlin britain's prime minister that goes the idea of a 2nd referendum 2 months after the country was a bridge late due to leaving european union cerise in my office the concessions but only if parliament 1st passes have. also on the program. in the back of a career of forming a long base legends.