tv Business Deutsche Welle July 4, 2019 4:45pm-5:00pm CEST
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$100000000.00 pledged to help families and communities affected by aids crush. this is. another trade dispute is heating up this time in asia it's between japan and south korea it's 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 tokyo is restricting exports of materials needed to make semiconductors and computer displays that move south korea's high tech industry at the heart of this high tech trade dispute between 2 asian powerhouses are people likely to pick 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 courts up held an order for japan's need paan steel to pay compensation to forced 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. passed over history ask japan retaliated with an unprecedented move on trade announcing it would be restricting exports of highly specialized equipment needed to make semiconductors and computer just plays the measure designed to hurt south korea's high tech industry prompted a furious response from seoul. to not only does japan matter damage the economic relationship between our countries but it's also expected to grossly affect the world trade order and corporations and 3rd party countries. japan's prime minister shinzo outby 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 even willing to strengthen the weak and i'm sure. we can think one of the i think japan is the best so yes i think
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you've just been going so far. so i think they're going to disagree. 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 used. for example is my thinking that it is actually good for you that i would not touch on it because this is actually fetish . making industrially and i find it is as absent has it has and has but i feel like it's a answer right like the mines are not that. they can stop using just inside the country and the government has also said that they're going to invest it in dollars
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to actually you know source. just making up and out in their own countries so. and then but i had would say that mixed reactions are mixed concerns that it might be difficult for something to something if i did something to. put into flattish and then the street. superhero 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 cross the garbage to north america.
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so let's talk about the rubbish problem with he's a reporter from. 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. no a lot of it is actually domestically produced waste from south asia particularly southeast asian countries and in fact what's maybe surprising for a lot of people is the amount of waste that the west exports is not read in particular responsible for the pollution in our rivers and our oceans what happens i think is that the west produces a lot more rubbish than other countries this particular person but they're also better recycling it and this is one of the issues a lot of the waste generated in the west from plastic even if it's thrown away into
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landfills and it's not even recycled these landfills are often sealed they're tight containers from which a plastic won't leach out of and in a lot of east asian countries and southeast asian countries that isn't the case it seems that lots 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 you know it's all going back and people say china has has stepped away from from from the business is it not good business anymore 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 are paying 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 had 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 that 1000 east 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 or is being burnt out in the open and damaging the health of citizens 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 a rise in sort of investment into plastic recycling infrastructure so they're trying to get a grip of this and they're trying to stay very far away is trying to sort out the rest of us. from our environment thank you very much for this insight.
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boeing has announced the creation of a $100000000.00 fund to support the families and communities affected by aids crashes in indonesia and it's your p.r. company now faces a criminal investigation in the u.s. over the 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 marks attributed to faulty software the 1st in october of last year so a lion air flight downed in indonesia. now boeing has pledged $100000000.00 to support the families and communities of the $346.00 people who lost their lives a statement published on the company's website read we had 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 i reach can help bring them come 1st. the money less than the list price of a 737 marks is intended to support the education and living expenses of those affected by the crashes it has nothing to do with the scores of lawsuits being brought by the victims' families on a list say those could cost boeing a $1000000000.00. the announcement 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
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survey forecasters 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 honest november modi's 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 their 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 of a german lighting group. the company formally subsidiary employs $26000.00 people
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purchase offer for 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 news is next right after this quick look at global markets.
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this is the w.'s live from berlin the struggle to reintegrate fighters from one of the world's most violent of militant groups al-shabaab to spread mayhem across somalia for years fighting the government and killing civilians but now some militants are being offered a chance to rejoin society. speaks exclusively to form a fox is trying to come to terms with their violent past also.
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