tv Business Deutsche Welle July 4, 2019 3:45pm-4:01pm CEST
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1000000. families and communities affected by aids crash. this is business. as well. another trade dispute is heating up this time in asia it's between japan and south korea is rather nasty and has its roots in history seoul is demanding compensation of forced labor us from world war 2 as a reply from today it's restricting exports of materials needed to make semiconductors and computer displace the move south korea's high tech industry at the heart of this high tech trade dispute between 2 asian powerhouses are people likely to shake he's among a dwindling number of south korean survivors who were forced into labor by japan during world war 2. in october of last year south korea's top of course up held an order for japan's need paan steel to pay compensation to force laborers. the
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landmark ruling triggered a bitter dispute between the 2 countries about how to deal with further demands from victims of forced labor. over a history escalation that japan retaliated with an unprecedented move on trade announcing it would be restricting exports of highly specialized equipment needed to make semiconductors and computer displays the measure designed to hurt south korea's high tech industry prompted a furious response from seoul to not only has to plant matter damage the economic relationship between our countries but it's also expected to grossly affect the world trade order and corporations in 3rd party countries. japan's prime minister shinzo abbey denies accusations he's using business as a bargaining chip for dealing with his country's history. we did not mix up historical issues with those of trade. the issue of former civilian workers is not
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and has starkly issue it's about whether to keep that promise between countries under international law. the export restrictions could cause months of delays in production processes pushing south korean tech giants like samsung and l.g. under major pressure. says korea has already launched a complaint with the world trade organization and says it's not ruling out retaliating with countermeasures of its own and moves that would expose a further crack in already fragile global trade relationships. from tokyo. joins us now why this hard nosed reaction from tokyo. saying it has all to do with the main reflections in japan and i think the even willing strength of the week and i'm sure. we can think one of the i think japan is the best so yes i think you
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just been going so far just. so i think they're going to disagree on that just. if we're looking at. the big companies that depended on exports or imports rather from japan some so for example how will some some get around this production wise. and there are so. you know. for examples of my thinking that it is actually good for you that i'm glad that that's done is because this is actually flattish. to making a dusty and i find it is as absent has. us and has stopped but i feel like it's a answer but the mines are not that. they can stop using just inside the country and the government is all of this and they're going to invest it in it does do
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actually you know so i was. just making it up and that's in their own country so. and then but i haven't saved them mixed reactions or maybe concerns that it might be difficult for something to something if i did something to get a. particular flattish and then the street. sobre saying thank you very much. indonesia is set to return $49.00 containers of illegal garbage to a slew of developed countries including germany officials say the ways derived in indonesia are labeled as recyclable plastic but in fact contains toxic substances southeast asian countries been flooded with rubbish after china cracked down on the import of used plastics in 2018 earlier this year malaysia and also the philippines send back hundreds of tons of unwanted plastic garbage to north america.
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so let's talk about the rubbish problem with our he's a reporter from w.'s environment this recent study says that most of the river borne plastic ways that goes into the oceans comes from 10 rivers 9 of which are in africa and asia. is that all imported waste from the west you know a lot of it is actually domestically produced waste from south asia particular southeast asian countries and in fact what's maybe surprising for a lot of people is that the amount of waste that the west exports is not really particular responsible for the pollution in our rivers in our oceans what happens i think is that the west produces a lot more rubbish other countries this particular person but they're also better recycling it and this is one of the issue a lot of the waste generated in the west from plastic he even if it's thrown away
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into landfills and it's not even recycled these landfills are often sealed their tight containers from which a plastic won't reach out of and in a lot of east asian countries and southeast asian countries that isn't the case it seems that a lot of these asian countries have made good a good deal of money with taking in rubbish from from the west and then doing whatever with it. but now it's a. going back and people saved has stepped away from from from the business is it not good business and it will i think it's still good business for many companies that are acting but what's happening is that the countries themselves are legislating against this so what happened before with i mean you have this enormous sort of supply of western ways western countries european and north american countries don't want to deal with and they're looking for places that are willing to buy it cheaply and then process and hopefully recycle it the problem is a lot of this isn't very well regulated and so you end up with southeast asian
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countries i mean that's the you have china importing a lot of waste and recycling it and at the start of last year it decided it didn't want to do that anymore the government put a ban on almost all plastic that it was important and that meant the southeast asian countries try to fill that gap in the market now what they're finding is that the amount of rubbish that's kind of incorrectly labelled or mislabeled or in many cases just is poisonous always being burnt out in the open and damaging the health of systems that's no longer worth it for many. asian societies need to rethink their relationship to plastic waste plastic bags briefly yeah i think a lot of them are already doing so you can see this with. being put in place on imported plastic but you can also see arriving source of investment into plastics recycling infrastructure so they're trying to get a grip of this and they're trying to say very far away from sort of domestic ways. from environmentalists thank you very much for this insight. boeing
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has announced the creation of a $100000000.00 fund to support the families and communities affected by this deadly 8 crashes in indonesia and ethiopia the company now faces a criminal investigation in the u.s. over the all fated passenger jets. these are the kinds of images imprinted in the minds of the families and friends of those who died in the ethiopian airlines crash in march. it was the 2nd deadly accident of a boeing 737 mocks attributed to faulty software the 1st in october of last year saw a lion air flight downed in indonesia now boeing has pledged 100000000 dollars to support the families and communities of the 346 people who lost their lives a statement published on the company's website read we at boeing are sorry for the tragic loss of lives in both of these accidents and these lives lost will continue
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to weigh heavily on our hearts and on our minds for years to come the families and loved ones of those on board have our deepest sympathies and we hope this initial reach can help bring them come for us the money less than the list price of a 737 mock is intended to support the education and giving expenses of those affected by the crashes. it has nothing to do with the scores of lawsuits being brought by the victim's families analysts say those could cost boeing at $1000000000.00. the amount of the fund which is to be distributed by unspecified local government and nonprofit groups comes as boeing faces criticism for cutting costs by outsourcing software development abroad. earlier this week bloomberg reported that the company had been hiring programmers in india for as little as $9.00 an hour. to india where the economy is projected to grow at 7 percent in the next fiscal year according to the country's economic survey for
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costas want to lower global growth with expected to increase uncertainty over exports generate growth was a sluggish 5.8 percent the lowest order in 4 years that's well short of the target 8 percent annual growth needed to fulfill a minister narendra modi's aim of doubling the indian economy by 2020 for. several major u.s. based technology companies are planning to shift production out of china among them personal computer makers h.p. and dell all the others mentioned microsoft google alphabet and amazon companies on the altering plans of moving production to avoid new tariffs but also because they face high operating costs in china. u.s. private equity firm. put in a $3400000000.00 the german lighting group. the company formally is siemens subsidiary employs $26000.00 people to purchase off
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a board in the includes guarantees that office locations and jobs would be maintained has been struggling struggling to turn a profit in these times the final decision about the buyout is expected later today . and that's it from me and the business as a team here in berlin for more business news analysis background stories check out . slash business now stay tuned d.w. news is next right after this quick look at global markets. play.
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this is good news live from berlin the struggle to reintegrate fighters from one of the world's most violent militant groups they've spread mayhem in somalia thing is killing many civilians but now some al shabaab militants are being offered a chance to rejoin society you spoke exclusively to someone trying to come to terms with that violent past also coming up hopes rise for a breakthrough in the treatment of a child a for the 1st time scientists in the u.s. a big match there.
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