tv Business Deutsche Welle August 9, 2019 8:15pm-8:30pm CEST
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hording consequences. was on the pitch as hamburg won on monday night opponent nuremberg has appealed the result. you're watching d.w. fly from berlin next up as business asia with ben physical and don't forget you can get all the latest headlines an update on our website at www dot com for me to call feel like i'm the entire team here in berlin thanks for tuning in. such a good. school africa and the world tour link to exceptional stories and discussions from the news of these events and what i would say deputed comes much for joining us on facebook. for. earth home to millions of species the home worth saving. googling goes to stories of creative people and innovative projects around the
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world like to use the protect the climate boost clean energy solutions and reforestation. using interactive content to inspire people to take action the audience in series of global 3000 on t.w. and online. the bands roll or at the pakistan stock exchange shares flubs but as tensions sole between pakistan and india over the disputed region of kashmir. by a stock surges reports the chemicals giant is considering a settlement full thousands of cats and hybrids that it cost for the last legs and cutting plastic waste while queuing for the bus a city in asia where passengers can buy tickets with travelers. and been physical and. let's do business it's been
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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 a crash 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. a 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. a 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
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money out and kashmir 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 dipper earlier this week might just as well be from global trade issues as the situation in kashmir for workers however the latest tensions are already hitting their pocketbooks. as a judge panel joins us from our studios in bonn i should just it's said that kashmir special status has the growth according to india is that
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a fair assessment of the situation well ben yes and no yes mean is certainly not the worst state as far as growth is concerned in fact it's purple phones better than many states in india as for human development indicators are concerned 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 exports 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 but what's all this may now will 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 saw prime minister sees a. return 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 is not going to improve anytime soon the government there are plans of holding an investment investors 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
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the fact that how the locals are going to react to these developments we do not 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 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 spears about thank you very much. now to some of the other business stories making news tokyo stock market climbed half a percent as donna showed the economy growing faster than analysts predicted g.d.p. 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 was spent on luxury yachts villas and not in one of the biggest banking fruits in history. and while why 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 galway the 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 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 glycine 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 vance joins us from the frankfurt stock exchange early this legal tangle could end up costing by 8000000000 instead of what well over 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 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 overall total for example also
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a buyer product which had indeed many more plaintiffs. on sometimes round up to briefly if lawyers smell a settlement he could we see litigation surge also in other parts of the world europe asia africa. the differences which lawyer is 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 well he votes 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 sights 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
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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 grease cycling 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 mom dad trying to collect it instead of just terry doing so. that's where we are going on the weekend and we have some mineral water and we always remember to keep it because we can exchange it with that. bus ride but most of. them that they think know that the plastic is not good idea and hiding. under the plan
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the city auctions the ball to receives to recycling companies indonesia is a world leader in marine waste the archipelago nation is immune to cuts 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. on. 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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go for it. traditionally cattle herd is plant excellence above the man some people are also feeling the pinch of climate change brains that are predictable ah you cannot but you cannot invent. so now the mass on the t.v. slightly still must stay seems. the focus in 60 minutes long d.w. . story some people who are old over information
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provide. the means they want to express g.w. on facebook and twitter and up to date and in touch follow us. this as d.w. news africa coming up on the show there's ads creep across the lot we look at the good acts in the jazz that's trying to stop the sun jeans as the march towards the capital of the army. but it is most certainly sound like nothing grows here anymore is it a surreal desert old view of a good deal if it keeps advancing to.
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