access to the financial block 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 and has a new powerful backup. for commuters trying to negotiate their way through southeast asia in from this 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 back in grabs ambitions . second head. in the nation and

become 5th unicon and also. invest. but then on top of that we will invest more into the way. this will be music to the ears of indonesian president djoko we doto 260000000 inhabitants indonesia is the biggest economy in southeast asia on it has strong potential for expansion softbank recognizes opportunities there. we will study but they will button it but we are definitely interested in electric vehicle but that is. 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 grab and softbank well on the surface been it looks like grab just wants to penetrate and already a market that's already dominated by which is the local rival in indonesia grab is already present in 8 countries in the region and that's compared to go it takes 2 not 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 and offering its right having services is 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 hearing is exactly this is the 2nd headquarters for grette isn't just to expand and extend its right heading so this is in 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 greg but also pushing forward in the region's digital economy as well as indonesia and the regions 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 in one or 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 so we checked payment for example so that's a huge opportunity for both great and so thank in general to grow southeast asia's digital economy you heard from under a correspondent in singapore thank you very much as 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 boards talk to economists though she broke down in may change high hopes to 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

. if the e.u.'s highest court has ruled the websites with a facebook like button must 1st seek permission from visitors the sites automatically send use adata 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 ashutosh monday 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 their created agencies to the same standard that you 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 come to work a non rather non evil financial company to work in the operate in the e.u. and vice versa the you financially companies are allowed to operate in the 3rd country but now these countries need to be these companies are operating in the uni 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 there are 30 so basically this is just created rating agencies for now with this decision so the it's 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 tell us 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 out with the legislation for these credit rating agencies this is after actually dating agencies like moody's did downgraded greece and portugal and thereby worsening the solving the crisis so this law basically says that when you can come up with 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. prosperous it. is 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 obviously that is something that britain has

been arguing all this wind and that's the reason why it's a setback for the british for britain i should touch thank you very much for the input 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 block but it doesn't guarantee you were decent job some laborers turned to illegal work even though the pay can be pretty pathetic. it's 5 30 in the morning in buffalo on the outskirts of rome this is where day laborers wait for someone to offer them work most of them from rumania. pulls over. one of the men climbs in discreet you cause the police to show up any minute. here to stay behind and keep on waiting most of

the time in vain there's a least construction sector is in crisis patrick under no you had no luck finding work this morning is a lucky streak has lasted for over a week now. be done when you have an automobile on you but i'm off the books all employers prefer that so they can avoid paying taxes insurance this year they would rather take us in on the clear work or sometimes i don't get paid at all when you they say they'll pay tomorrow. and then they never show up again. which you're not going to get them go money don't like the 63 year old world it 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. and have to wake up at 430 if he wants a chance of getting any work tomorrow. god. this is. patrick andre neuer 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. no 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. john they said there was no point staying here now he's earning his daily bread and everything else needs. to go ok come back being a 5 foot go about i think it's better to stay here on our romanian fields at least here you can get some cheap cheese i wrote even if romania is poor but. this set up

i was like i'm back in rome. like every morning patrick andriano you is up early driven by the hope of earning a few euros today. and just before we go a new 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 between the 5 most asians for you until the official launch next month the thai capital has been building rail lines due to severe traffic congestion. pricing business with you.

enter the conflict zone with tim sebastian faulks i'll be challenging those in cars asking tough questions demanding ourselves. as comforts intensify i'll be meeting with key players on the ground in the sciences and. cutting through the rhetoric holding the conference to account for the conflicts. conflict zone with jim sebastian on t.w. . it's time. to take one step further. and face to possible. you're on this side of love really the time to search the amount of play and fire for the

troops out of play time to overcome boundaries. and connect the world. to an instrument for the t w d w s coming up ahead. for minds. burks the bomb tubes of species. words if you can. get those are big changes and most start with small steps but the ideas tell stories of creative people and innovative projects around the world . news that comes from the to boost miniatures of missions and resources should. be committed to interactive content teaching the next generation a little touch i should. play music channels available to inspire people to

take action and more determined to do something here for the next generation globally as the environment series of global 3000 on t.w. and all my. clothes play. play play. this is due to videos line from berlin russian opposition leader alexina volley is discharged from the hospital but what made him sick in the 1st place was doctors says he was poisoned with a toxic agent of all he's now back in prison after suffering an allergic reaction also coming up an 8 year old boy is pushed onto railway tracks struck and killed

by a train at frankfurt's main train station a suspect has been questions of 5 colleagues and china condemns the n.t. .