as to the financial. and protecting itinerant laborers from exploitation as they move across the e.u. when such of work. i've been fizzling let's do business the right hailing app grab is grabbing itself an even bigger chunk of the southeast asian market the region's most successful startup now has its sights set on indonesia it wants to create a next generation transport network with electric vehicles and a cleaner grid grab is valued at $14000000000.00 as a new powerful backup. for commuters trying to negotiate their way through southeast asia in from is traffic gridlock to grab is becoming the route of choice the singapore based startup has displaced in the region and now it wants to grow further one market it wants to expand is indonesia and soft bank the world's biggest investor and high tech is backing grabs ambitions we will create a 2nd headquarter. in the nation and become

a 5th unicon and also. invest. but then on top of that we will invest war into the world. this will be music to the years of indonesian president djoko we doto with 260000000 inhabitants indonesia is the biggest economy in southeast asia on it has strong potential for expansion softbank recognizes opportunities there. who will study but they'll put in it but we are definitely interested in electric big all that but that is and . charging system. to $2000000000.00 for grab may just be the beginning just last week soft bank announced a $108000000000.00 investment fund focusing on artificial intelligence. let's go live to andrea hang our financial correspondent in singapore andrea what's in it

for grabs and softbank well on the surface been it looks like greg just wants to penetrate and already a market that's already dominated by gold which is the local rival in indonesia grab is already present in 8 countries in the region and that's compared to 2 in indonesia alone greg will be able to increase from this deal it's presence from 224 cities up to 30338 cities excuse me so this deal is going to go beyond just expanding offering it's right heating services it's actually going to go beyond that to expand indonesia's transport infrastructure as well as the digital economy with the largest southeast asian economy in its hand so it obviously has a lot on its plate grab and it sounds like it's going up quite

a few competitors along the way it could become quite a monopoly this ride hailing landscape in southeast asia from what i'm here. yes exactly this is the 2nd headquarters for grette isn't just to expand and extend its right healing services and great insight in the region and especially in singapore already also more than just right here lee get office food and grocery delivery mobile payments and more recently even banking services on the micro lending level so this is a huge move not just for grette but also pushing forward in the region's digital economy as well as indonesia and the region's transportation system now we know that indonesia is a huge growth market there's huge potential there softbank c.e.o. was said that why singapore start up a japanese investor and what not an indonesian one.

well i think this deal is much bigger than right hailing it's much bigger than indonesia itself what this deal is about is effectively greb seeking to dominate the digital economy in southeast asia and that's a very huge potential for self they so want to tap into and compete against when it comes to far example china's china's we checked payment for example so that's a huge opportunity for both great and self bank in general to gross out these eases digital economy you heard from andrea haying correspondent in singapore thank you very much let's take a look at some other business stories making headlines the u.s. and china resume talks this week to solve a trade war between the balls talk to the economies though she broke down it may change high hosts the meeting it aims to build on resolutions from the g. 20 summit the chinese government says it's optimistic an agreement will be reached

. the e.u. sized court has ruled that websites with a facebook like button must 1st seek permission from visitors the sites automatically send user data to facebook even if you don't click on anything the european court of justice said gathering the information requires user consent. and the european commission is set to block canada brazil singapore argentina and australia from accessing parts of the e.u. financial market it says those countries no longer regulate credit agencies as rigorously as the e.u. does it's the 1st time such access rights are being withdrawn. now let's talk to one day about that our financial correspondent in frankfurt what's changed in these countries to incur the wrath of the e.u. . well ben as you rightly put these can raise do not hold the credit agencies to the same standard that the u.s. does and now this is according to

a system which is called the equivalent system which is basically an agreement between these countries that allow financial companies from the 3rd to work a non rather non evil financial company to work in the operate in the e.u. and vice versa the you financial companies are allowed to operate in the 3rd country but now these countries need to be these companies are operating in the unit to be governed by the same standards in the home country as they come as companies similar companies are governed in the e.u. so that you feel that these companies were not being governed now they are 30 countries which are actually following this system they are using it and they are also 40 of us that are affected so basically this is just created rating agencies for now with this decision so the big business as usual for the other companies other financial companies fund these come on trees that can still continue to operate in the ashes just as why the credit ratings agencies. come under the

focus of the e.u. in the 1st place. well when this dates back to 2030 that's when you came up with the legislation for these credit rating agencies this is after actually created waiting waiting agencies like moody's downgraded greece and portugal and thereby worsening the sovereign debt crisis so this law basically says that when you can come up with a sensitive decisions when you can make them public and also some ownership changes that it came up came with the change in law but many of these countries haven't actually followed the europe's lead i should just tell us really quickly this could also affect the u.k. paulsberg. yes absolutely. it could be a blow for britain because it is expected that it would be using this system to let itself financially put it in the e.u. but now it just seems that it is so obvious to me that is something that britain

has been arguing all this wine and that's the reason why it's a setback for the british for britain ashutosh thank you very much for the update there from frankfurt. now one of the e.u.'s most proud chivas is freedom of movement the right to live and work anywhere across the bloc but it doesn't guarantee you would decent job some labour's turn to illegal work even though the pain can be pretty pathetic. it's 5 30 in the morning in both a lot of on the outskirts of rome. this is where day laborers wait for someone to offer them work most of them from rumania. event pulls over. one of the men climbs in discreetly of course the police could show up any minute. here to stay behind and keep on waiting most

of the time in vain basically said construction sector is in crisis patrick and you know you had no luck finding with this morning his unlucky streak has lasted for over a week now. the dallaglio not a mogul i knew but i'm off the books all employers prefer that so they can avoid paying taxes insurance. they would rather take us in on the clear work or sometimes i don't get paid at all they say they'll pay tomorrow. and then they never show up again. if you're not in a good gamble money so you don't like the 63 year old world that has been trying his hand here for years but with less and less success. he says a while ago his wife left him with their 2 children. since then he's been living at the edge of the city in this makeshift hart. every evening petra

goes to bed early. enough to wake up at 430 if he wants a chance of getting any work tomorrow. god what a curse of life this is. patrick andriano you was looking for a better life when he set out from romania to italy many years ago this is where he used to live in the village of s. now now his house is abandoned his family has moved away many other houses stand empty here the village appears deserted the local bar is the only place left with a bit of life in it here they remember their former neighbor great only said there was no point staying here now he's earning his daily bread and everything else in. your cricket. i think it's better to stay here. on our romanian fields at least here you can get some cheap cheese 50 even if romania is poor but. they

set up. back in rome. like every morning patrick andriano you is up early driven by the hope of earning a few years today. and just before we go an underground rail line is open linking the key tourist sites of bangkok passengers queued up to be the 1st to try the new section of the city's blue line at the start of 2 months of testing it connects sites such as chinatown and the grand palace travel between the 5 new stations is free until the official launch next month the thai capital has been building rail lines due to severe traffic congestion. pricing business with you.

good.

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a citizen. in for migrants your platform for reliable information. this is deja vu news live from berlin russian opposition leader alexina valving is discharged from the hospital but what put him there in the 1st place he's now back in detention after suffering from an undiagnosed illness his doctor planes he was poisoned with a toxic agent also coming up an 8 year old boy dies as he was pushed into the path of a train at frankfurt's main station

a suspect is being questioned by police. china condemns the anti-government protests in hong kong.