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tv   Business  Deutsche Welle  August 9, 2019 4:45pm-5:01pm CEST

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by a storm surges reports the chemicals giant is considering a settlement for thousands of cats and by evidence that it cost a lot less and cutting plastic waste while queuing for the bus is a city in asia where passengers can buy tickets with trash. and been physical and let's do business it's been a bad week for investors on pakistan stock exchange the stock market has marked its 4th straight day of falls thanks to the tense political bans rouer at the pakistan stock exchange shares slumped as tensions saw between pakistan and india over the disputed region of kashmir. by a storm surges reports the chemicals giant is considering a settlement for thousands of cats of violence that it cost a lot less and cutting plastic waste while queuing for the bus a city in asia where passengers can buy tickets with trash. and been physical and
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let's do business it's been a bad week for investors on pakistan's stock exchange the stock market has marked its 4th straight day of falls thanks to the tense political situation between pakistan and india across the stock exchange plummeting 2000 points to its lowest in 5 years on tuesday india passed a controversial bill stripping the state of jamul kashmir and dividing the region into 2 territories one of which will be governed directly by delhi. the flare up in tensions as sparked a mass flight of migrant workers india has shut down mobile networks across the region and banned public gatherings. a train platform in germany filled with laborers eager to leave a tense situation many say they were told to leave their jobs some report never receiving their salaries the challenge now scraping together enough to get out. we've come from the kashmir valley we don't have any money and my wallet is empty we don't know how we'll travel further we have no money and then you are. kashmir
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is a magnet for migrant laborers they travel from india's far flung provinces looking for work in my scenario carpentry and agriculture instability is a given here kashmir is claimed by both india and pakistan when tensions flare migrants pack up for india itself the region is economically negligible accounting for less than a percent of g.d.p. . a bigger concern is that escalating tensions out of kashmir could ripple through the indian economy and. investors have been restrained so far a slight currency dip really of this week might just as well be from global trade issues as the situation in kashmir for workers however the latest tensions are already heating their pocketbooks. ashutosh bana joins us from our studios in bonn ashutosh it's said that kashmir special status has deterred growth according
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to india is that a fair assessment of the situation well ben yes and no yet i mean it's certainly not the worst state as far as growth is concerned in fact it's the performs better than many states in india as far as human development indicate is a concern even better than prime minister in that in moody's home state of gujarat but then on the other side there are a lot of problems in the economy there is rampant unemployment underemployment there's hardly any private investment because of this trick to land ownership as far as part of this special status that it had earlier and also because there is hardly any export from that region so. it has suffered a little because all for a distinction to land ownership. but it's also because of the security situation in the area that what's all this mean now will investments flow into the region.
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well that's a 1000000 dollar question if not questions what billions indian government certainly believes so prime minister sees a question he returned to its former glory of popular tourist destination a place very many bollywood movies were shot so he sees it returning to that past glory but it's going to be difficult because the security situation is going it's not going to improve anytime soon the government there are plans of holding an investment investors a conference there but it remains to be seen how many will take part take part in it and how many how many will eventually investor because as i said security remains a major issue i spoke to many real estate companies they say that the market is going to improve in the future but for now it's going to be wait and watch because they want to see how the situation improves as far as security concerns and also the fact that how the locals are going to react to these developments we do not as
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yet because kashmir has been in lockdown as of now briefly what about the impact of pakistan suspending trade with india. that's minimal there's hardly been trade between the 2 countries some $2500000000.00 and that's just less than point one percent of india's total trade globally so that's not going to be a huge impact as far as economy economy is concerned but yes politically it's a blow because trade has been a major confidence building measure between the 2 countries as just one day from our studios involved thank you very much. now there are some of the other business stories making news tokyo stock market climbed half a percent as data showed the economy growing faster than analysts predicted g.d.p. in the world's 3rd biggest economy grew 1.8 percent in the 2nd quarter economists say the boost came from shoppers buying big ticket items before
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a sales tax increase later this year. malaysia has filed criminal charges against 17 executives linked with goldman sachs it's under scrutiny over an embezzlement scheme run through the malaysian development fund prosecutors allege of a $2700000000.00 spent on luxury yachts villas and not in one of the biggest banking fruits in history. and while way has unveiled its own operating system for its not funds it could lose access to google's android the white house threatening to prevent u.s. companies from settling all selling technology to while away the new software could be crucial for the chinese telecom companies survival. chosen by a have soared on reports its offer to pay $8000000000.00 to settle thousands of lawsuits a good deal less than what analysts said it estimated that the mediator in the case denies the reports the legal cases relate to the glaive the state based weed killer
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ground up made by its subsidiary monsanto some of the claimants say the chemical gave them cancer biases there's no evidence of a link with the disease the company's stock rose by as much as 11 percent. and only bounce joins us from the frankfurt stock exchange early this legal tangle could end up costing by 8000000000 instead of what well over 10000000000 some was saying is is that enough to get investors so excited. it's certainly you know you mentioned that that number 11 percent that was the peak that the buyer share reached and that it was like fireworks being set off here and it briefly also helped the docks that is the whole market because of the way to buy a house in the german landscape here at the stock market but it's in sort of let down its head and it's trading only a fraction higher than it was before mainly because of that denial that you just
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mentioned but you know people still do think that a 1000000000 is a lot better than 10000000000 and i heard numbers of 20000000000 and i can remember also talking to people over this a few weeks ago who are still talking of and perhaps an exit stench will crisis that by because of this so that warrants a lot of enthusiasm even if they're open questions here whatever the numbers how likely is a settlement. it's very likely i think i've talked to analysts this afternoon and they said that time is running out for the buyer leadership in the morning they do normal business in the afternoon they have to contend with what's going on with all these thousands of claims so they have to make a decision swallow hard and move on because of pressure in the overall economy in the market and because other mediation cases like this with settlements have been successful so roll to for example also
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a buyer product which indeed many more plaintiffs. on sometimes round up to briefly if lawyers smell a settlement he couldn't could we see litigation so also in other parts of the world europe asia africa. the differences which lawyer a smiling at american lawyers they have the means they have the kind of courts they have the kind of system by which lawyers are paid the punitive damages that are awarded in other countries it's wholly different people i've talked to say it's not likely and the buyer people they know in the company are worried about it they say believe us for us in frankfurt thank you very much for your analysis. now if you happen to visit the indonesian city of sort of anytime soon you may be confronted with a strange sight at the bus stop dozens of people clutching bags full of plastic bottles instead of holding tickets in their heads that's because that plastic waste is your
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ticket to ride through new how ya t. anwar is sifting through old bottles our city my car country is drowning in plastic finding sorting and recycling it is a mammoth task now a scheme aims to incentivize a massive civil cleanup effort while driving up public transport use the idea bottles can be traded for travel tickets. so now people in the office at home dead trying to collect it instead of just terry doing so. let's say we are going on the weekend and we have some mineral water and we always remember to keep it we can exchange it quick that. the bus arrives but most of. them that i think know that the plastic is not good for the and that and. under the plan
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the city auctions to bolt it receives to recycling companies. indonesia is a world leader in marine waste the archipelago nation is aiming to cut plastic rubbish in its waters by 70 percent by 2025 with initiatives like this commuters are hopeful that ambitious targets can be met. indonesian people use a lot of plastic bottles which are very hard to degrade. so this program could be a very good solution to the pollution problem here. some here think it's already made a difference and will continue to shape attitudes long into the future. and that's nearly got done by a today is clean but there's less rubbish on the streets but this program could also raise awareness among children so that they understand that such waste should
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not be thrown away. and as far as to rabbi is concerned the scheme kills 2 birds with one bottle combating the menace of carbon and plastic pollution .
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india. using some of you again feel. safe. innovation projects are helping most people make the switch to renewable hot may be enough to meet their energy needs. to move on to double. every journey begins with the 1st step and every language but the 1st word published in the. new coke is in germany to learn german quanah i'm with him it's simple online on your mobile and free to sell d w z e learning course you can speak german made him seem. quite melody.
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michael white of the. reasoning with a new school. the mind and the museum. to open 1st bond 2019 from september 6th to september 29th. the world cup the america games cup and the africa cup of nations these are seats i pitched sakharov as a chance to make certain event is right around the corner the german bundesliga is heating up and as always we are there to keep you up to the lead to go. to mislead you some study over 16 she took.
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the d.w. news live from for lent italy's government plunges into christ says as the leader of the far right league party matteo salvini says a coalition with a populist 5 star movement has collapsed over policy differences is calling for a vote of no confidence and snap elections also coming up. not just another fridays for future demo a movement to end a week long forum in the swiss city of luzon with the adoption of a climate declaration calls for climate.

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