tv Business Deutsche Welle August 9, 2019 6:45pm-7:01pm CEST
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cutting plastic waste while queuing for the bus is a city in asia where passengers can buy tickets with traffic. and then fizzle 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 situation between pakistan and india a crushing stock exchange plummeting 2000 points to its lowest in 5 years on tuesday india passed a controversial bill stripping the statehood of jamel and kashmir and dividing the region into 2 territories one of which will be governed directly by delhi. the flare up in tensions as the 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. a
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little dirt that would come from the kashmir valley we don't have any money and my wallet is empty we don't know how will travel further we have no money and the money out at. kashmir is a magnet for migrant laborers they travel from india's far flung provinces looking for work in masonry 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 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. as it has been
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a joins us from our studios in bonn ashutosh it's said that kashmir special status has deterred growth according to india is that a fair assessment of the situation well then yes and no yet i mean it's certainly not the worst state as far as good is concerned in fact is that performs better than many states in india as for human development indicators that 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 and also because there is hardly any export from that region so certainly it has suffered a little because all for
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a distinction to land ownership. but it's also because of the security situation in the area but what's all this may now will will investments flow into the region. well that's a $1000000.00 question if not questions were billions but the indian government certainly believes so prime minister cesar kashmir 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 investor 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 as 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
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they want to see how the situation improves as far as security concerns and also the fact that how they look with are going to react to these developments we do know as yet because kashmir has been in lockdown as of now briefly what about the impact of pakistan suspending trade with india. that's minimal because 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 seniors involved thank you very much. now there's all of the other business stories making news tokyo's stock market climbed half a percent as data showed the economy growing faster than analysts predicted g.d.p.
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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 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 was spent on luxury yachts villas and aaj in one of the biggest banking fruits in history. and while way has unveiled its own operating system for its not phones it could lose access to google's android the white house threatening to prevent u.s. companies from settling all selling technology to go away to new software could be crucial for the chinese telecom companies survival. chosen by a have soared on reports it's offered to pay $8000000000.00 to settle thousands of
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lawsuits a good deal less than one analyst said it estimated that the mediator in the case denies the reports the legal cases relate to the gleiser say base weed killer ground up made by its subsidiary monsanto some of the claimant 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 bans joins us from the frankfurt stock exchange early this legal tangle could end up costing by 8000000000 instead of what well if it 10000000000 some would say it is not enough to get investors so excited. it's certainly you know you mentioned that that number 11 percent i 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
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down its head and it's trading only a fraction higher than it was before mainly because of that denial that you just 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
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the market and because other mediation cases like this with settlements have been successful so overall total for example also 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 aren't worried about it they say well he votes for us in frankfurt thank you very much for your analysis. if you happen to visit the indonesian city of sort of anytime soon you may be
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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 ticket to ride for new hire is sifting through old bottles are city like 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 can be traded for travel tickets. so now people in the office at home dad trying to call their get in set up just to read away so. that's where we are going on the weekend and we have some mineral water and we always remember to keep it we can exchange it with that. bus ride but most of. them that i think
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know that the plastic is not good idea and hiding. under the plan the city auctions to bolt it receives to recycling companies in the media 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. by. 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 this new you got done by
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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 not be thrown away. and as far as surabaya is concerned the scheme kills 2 birds with one bottle combating the menace of carbon and plastic pollution .
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i'm not laughing at the gym i just sometimes i am but most of the things which are the research of them thinks deep into german culture of looking at the stereotypes aquatics put in your sink to see for the country that i knocked the time. needed to be taken as grandma day out to me it's all about a new i might show join me to meet the jetman sunday w. . post. i was wishing when i arrived here i slept with 6 people in a room. it was hardest for. i even got white hair. benjamin language help me a lot this beats me and could go punch maybe 2 in truckloads of say you want to
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know their story. or fighting them for a little information for margaret. robots because they're still in the development phase 1st start what's going to happen when the girls. will schumann's and machine spin able to pass me co-exist or are we on the verge of a model collapse. if we just bumble into this totally unprepared with our heads in the fusing to think about what could go wrong then let's face it it's probably going to be the biggest mistake in human history. artificial intelligence is no spreading through our society is the beginning of a golden digital. all inclusive checked into continuous stream surveillance. we are moving towards be able to agree on the guidelines or will this technology create deadly new autonomous weapon systems are go.
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to a robot collapse starts aug 14th on g.w. . play . business d w news live from berlin italy's government is teetering on the brink of collapse as the leader of the far right league party matteo sell beanie says the coalition with the populist 5 star movement has collapsed over a policy difference that's he's calling for a vote of no confidence and snap elections also coming up. not just another fridays
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