it has only 14 so-called unicorns tech startups valued at a $1000000000.00 or more compare that to china which has $84.00 and the united states which has a $150.00 but it does look like things are changing a small number of startups in the country have already it may have already made it mega big earning their founders a fortune let's take a look at some of the major players here there is billy bansal who founded e-commerce platform flipkart there is a bottle of online selling portal snapdeal and bobbish are all who co-founded ride sharing service caps and it's the promise of this kind of success that has got investors increasingly interested in the country's sort of. bungalow is the center in india and the start of hotspots irresistible for a company like x.l. sex it isn't venture fun we have 3 offices one in san francisco taken in london 3rd

is an india the india fund is about a $1000000000.00 in assets x.l. offers new startups office space and capital in return for a stake it aims to get in at the beginning just as the business takes off until recently online business models weren't very common in india i see that trend changing because now we have a large domestic consumption market with a technology product at least on the consumer side and now we have software companies that are able to set. back products to the global marketplace sitting in india start ups like snippet it software allows a company to identify visitors to his website allowing it to get into direct contact sniff expound us and convince the software has potential outside of india as well. ours is a very global market we are targeting a largely us region as well as the european region it might be very ambitious but

we believe what facebook did for social is what we want to do for websites we want to help us connect with their visitors. the women entrepreneurs of the mostly hunt made website are highly optimistic they supply their customers with wedding related cards and labels from invitations and menus to post event thank you cards hi tech makes it all possible you don't have to be physically in the thing please thanks to technology you can. be our clients on skype you can reach them you can understand what they want most of our designers are not even in the play is that our studio is many of the players in india's don't obscene have lived or studied abroad and now they're back home determined to put starter bindiya on the global map the european commission has taken the 1st step in triggering a disciplinary action against italy for breaking e.u.

fiscal rules the dispute centers on the country's ballooning debt currently valued at 132 percent of total economic output that's more than double of what's allowed by you budget regulations if you member states back the plan to punish only the country could face hefty fines. for more on this story let's bring in journalist josefina cannot rome correspondent max sander in brussels max let me start with you how likely is it that italy will have to pay these fights. well chris you just said that the member states will have to decide on whether they back the report then they could start a long disciplinary process that it's intended to bring the spending back down but this procedure has been used many many times in the last decade and so far no country has ever had to pay the fine so if the italians step up their game they

might be able to avoid the fine now we have to keep in mind that italy and the e.u. commission have been at loggerheads for months josephine in rome how is this news gone down in rome where the governing coalition seems shaky as it is. well that's right this was a very scathing assessment of the italian economy and both the lead is of the league mattel sylvania and the movement luigi to have reacted to already low wages . with serious people this is a serious country we want to cooperate but you're not going to touch our pensions mattel sylvania the head of the league was campaigning for local elections i think tax cuts of the end and that's not going to be very going to go down very well in brussels so both of them sticking to 2 very strong features of their own policies and while they're saying they want to be cooperative i think we're in for some conflict up ahead and fill us in on the question of how this ballooning deficit

actually came to pass and what does the government want to spend the money on. well the wages deputy prime minister and head of the 5 star movement blames the previous center left democratic party government for this deficit affecting 2018 but there's no doubt that this coalition government has increased dish it's reformed the pension system to make it more generous it's introduced a guaranteed income for the poor and the unemployed which is a another costly maneuver that they've introduced. and now the tail salvini the head of the league wants to introduce tax cuts and greater autonomy for the regions which would also possibly add to the ballooning deficit so this is a big spending government they don't seem to be willing to look at reform and mr salvini today said that austerity was to blame for many of the country's problems that's not a very good outlook as far as brussels is concerned and i think we're going to say

some some difficulties up ahead particularly because because as you said this coalition government is very unstable and the prime minister has at the contests early this blake said he was not willing to stay unless like result their differences back to you in brussels if you look at this disciplinary process ahead what does the european commissioner for economic affairs pierre moscovici mean when he says the door for italy remains open while he basically says that. the he says the decision isn't final but what he says also is this procedure serves as a warning he also said that he would be willing to consider new data and reassess further down the road so now it all depends on whether or not they're able to convince brussels that they are serious about complying with the new rules and regulations. and josephine let me get back to you 2 in rome the prime

minister of italy giuseppe conti said he wants changes to the e.u. rules tell us more of that. well just that the condo has indicated he wants changes but he is far more conciliatory then the 2 deputy prime ministers he wants to see some flexibility from brussels it's a little bit vague at this point but his main problem right now is getting there is so coalition partners to talk to each other there's barely any communication going on and there is speculation in the newspapers every day that we're going to see early elections perhaps as early as september if this coalition fails to stick together and does epic want to himself the prime minister has said he will not be sticking around unless they get talking to each other and get this country moving so a lot of political problems before we get to brussels get josefina can our role max that are in brussels thanks to you both could this be the

latest move in the u.s. china trade war beijing as issued a travel warning for the united states saying chinese citizens should quote fully assess the risks of traveling to the u.s. given recent shootings the warning comes as tensions between the world's 2 biggest economies are on the rise. on monday beijing warned chinese students of risks associated with studying in the u.s. now it's talking of chinese citizens being harassed by u.s. immigration officers while entering the country china's foreign ministry also accuses the u.s. of waging economic war against china to prevent its rise to power it says washington has constantly changed demands and made reckless allegations over the weekend beijing signaled a willingness to negotiate but stressed it did not fear a trade war with the u.s. . it was a complete twisting and fabrication of the truth for the u.s. to accuse china of going back on its straight talk commitment. both sides of

pummeled each other with hundreds of billions of dollars in punitive tariffs the u.s. is also blacklisted china's telecoms champion who are way beijing responded by announcing its own intention to make a list of foreign companies which it considers quote unreliable it also threaten to limit access to its rare earth exports china is the world's largest exporter of the minerals essential for making smart phones t.v.'s and other high tech products. major u.n. organizations are sounding the alarm the world needs to do more against illegal fishing the practice reportedly cost the fishing industry in asia alone some 5000000000 dollars each year road vessels also often engage in piracy or human and drug trafficking like its neighbors thailand is now stepping up its efforts against illegal fishing. fishing boats put money in the bank and food on

the plates of millions throughout southeast asia. these time vesta gators make sure that the companies comply with local regulations. for fish and the other is if the man had with. the one that if. it was the best buy into it i mean that that shit. we should. have and doing it that's the vessel monitoring system part of a raft of strict regulations adopted 4 years ago. thailand is the world's 3rd largest exporter of fish and measures like these help it up hold its commitment sustainable fishing. but all that's under threat thanks to illegal fishing operations. road fishing companies often use huge industrial ships that can devastate huge swaths of the seabed as the indiscriminately trap everything in ban dragnets. the cost of the marine ecosystem is huge by some estimates regional fish

populations have dropped by almost 70 percent in the last 50 years local governments lose billions in tax revenue and it's more than just a financial loss the illegal operations also threaten the food supply of the region's poor. and that's it for me and the business team here in berlin for more you can always check out our website of the. business or follow us on facebook or twitter we'll leave you now with this quick check on global markets thanks for watching and have success.

the squad cars at 6. the world. we need to take a closer to. experience knowledge. calling w. kubes says come to the bureau mexico to channel. the mind of stood. with exclusive access to the must see consuming parts culture keep your ex should be curious minds. do it yourself network or some. subscribers don't miss out.

what secrets lie behind these memos. to find out that most of experience and explore a fascinating cultural heritage sites. d.w. world heritage 360 get. their suit for. themselves away super secret then you'll hear the jingling of corn soup. definitely around 20000000000 more or less. how do germany's wealthiest people live why do they keep such a low profile. snoop around to catch a glimpse. of the earth the top of the world the disc of the super rich starts june 10th double.

play. play play play. this is the domain whose life for merlin remembering d.-day a world leader is pay tribute to the fallen and mark the stork landings that helped turn the tide of world war 2 britain's queen elizabeth joined by world leaders in world war 2 veterans at portsmouth naval base in southern england marks the 75th anniversary of the biggest m.t.v.'s invasion in military history also coming up chinese president xi jinping says ties with russia have never been better is in moscow for talks with president putin as the 2.