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tv   Business  Deutsche Welle  August 10, 2019 3:02am-3:16am CEST

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president donald trump says he's not ready to do a deal with china to resolve the u.s. china trade war tax i've always been caught in the fray for a while and now it's taking steps to shield itself against the conflicts worst effects. as india prox down on the disputed region of kashmir of my current workers they are fleeing for hold. good amount of fish and you feed him for a day teach a country to sell fish and you create a viable export industry we take you to croatia. can rupees make you rich not if you ship them overseas for processing cambodia tries to put some sparkle into with domestic jumps they're an industry. this is your business i'm joined on in berlin welcome u.s. stocks fell after the white house says it's not ready to make a deal with china to leave the trade war to rest meaning companies will have to
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work that much harder to future proof themselves against the conflict while wafer one has unveiled its own operating system and it's chosen to name it harmony and i want to do it to dischord as it were the new software is crucial for the telecom company survival the trade tensions friend as access to google's android operating systems for. the white house is reportedly delaying licenses for u.s. companies to restart such signals to while away. we're headed next to wall street where our correspondent. is standing by louise good to see you know is this move from wall way away from google's android is that going to be enough to insulate it from the effects of the trade war. it is sort of doing in the right direction when it comes to damage control and i look into the future but does not solve all the damage from the young going trade war between the u.s. and china especially as a new operating system will 1st be used on
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a smart screen products such as televisions will initially only launch in china also according to u.s. media the white house is also holding off on decisions about licenses for you as a company and say to be able to restart business they say with what way. toward a sense that it hurts what way but also u.s. companies such as micron and broadcom. the chinese a company bald around $11000000000.00 worth of competence parts from u.s. friends it almost seems ferric somehow but stay right where you are luis because there's more news to discuss and that's because malaysia has filed criminal charges against 17 current and former bankers are linked with goldman sachs one of the biggest banking frauds in history the bank has been under growing scrutiny for its role in a ranging a series of high worth bond issues for the malaysian development fund prosecutors allege more than $2700000000.00 were later embezzled used to buy luxury items such
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as yachts and art last year a leading goldman banker on the deal pleaded guilty in u.s. court to participating in money laundering schemes. it's back to luis de haro in new york luis what sort of reputational damage are we looking at for goldman if any at all. you know the new charges sign best a gay shooting to goldman sachs is widening so it seems that one m.t.v. case will exacerbate the potential reputational damage for did bank step back for goldman which has been working to rebuild its image sensor 2000 a but let's not forget india after months of the financial crisis the bank got to be described as a great job. wrapped around the face of humanity for its role in a crisis that since then there was a lot of effort to clean up how mean a stripper bank and also the fallout from demolition case. could have some impact in several senior executives payouts like for example c.e.o.
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david solomon and its predecessor like but i'm fine since in february goldman's the board adopted a provision giving the ability to reduce some of their prey packages depending on the outcome of their want to be best to get. a giant squid indeed a say luisa haro there in new york with us with some very graphic metaphors. and looking to markets elsewhere it's been a bad week for investors on pakistan stock exchange the stock market there has marked its 4th straight day of falls thanks to the india pakistan tensions the karate stock exchange plummeting 2000 points to its lowest in 5 years on tuesday india passed a controversial bill stripping the statehood of john moon and kashmir and dividing the region into 2 territories one of which will be governed directed by delhi. the flare up in tensions has sparked a mass flight of migrant workers india has shut down mobile networks across the
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region and beyond 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 no scraping together enough to get out. on alert that we've come from the kashmir valley and we don't have any money and my wallet is empty we don't know how we'll travel further you have no money when you are. 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
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the indian economy. 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. in the natural beauty of eastern croatia sustainable fish farming has become a growing industry and jobs generator when it comes to fish consumption croatia has one of the lowest levels in europe with around 8 kilograms per person a year that represents an export opportunity to other european union nations. pulling the fish net is not an easy job each card weighs about 2 and a half a kilograms that's the ideal market weight and the fishermen say their cuts is of the highest quality now they want to be certified as ecological producers. throughout. my career growth in the. years of production fed with locally grown
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grain from this fish farm good quality. you can almost be classed as ecologically produced. much of. the local fish farms are waiting for funds from the european union so that they can make the investments needed to be fully ecologically sustainable. the plan is to invest an additional $4000000.00 euros and we are waiting for the project to be approved where in the final stages and that has important ramifications for local employment. for those more. culture employs the most people per unit area we have no financial support today for. the fish produced is exported to the e.u. so the farmers hope to expand joins the schengen area. cambodia is rich in rubies and sapphires but the country lacks the expertise to
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make big bucks out of the gens so most are exported to thailand to be cut and made into jewelry which is where the real profits are being made. a 20 car dark blue gemstone that's what khaitan spends hours each day searching for where he to discover one he'd be a rich man the pile in province in western combo has long been known for precious stones but heavy exploitation means discoveries are now rare still now and then someone will get lucky and stumble upon a soft far or ruby. i earned $500.00 u.s. dollars some months other months though i don't find anything and so i earn nothing it's all a matter of luck. the miners have been waiting for this man leap oh he's
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a gemstone dealer and is going to examine today's hole. shows him what he's got he's hoping for a good price to get an accurate valuation the stones would need to be tested in a lab but the dealer can make an estimate based on his experience. this stone isn't anything special we call it tone here it's worth about $150.00. over the past few years cambodia has posted solid growth of more than 7 percent this is given rise to an expanding middle class with money to spend on things like gemstones this store specializes in red sox far as in blue rubies price tags here begin of the 1000 euros the store's owner grew up in the u.s. his most expensive examples are either bought by western tourists or exported to china. this blue they're called as an example right now people go around and call it a diamond open body also is
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a very beautiful stone and for example this piece right now is weighed 19.89 carat which has come down to $10000.00 u.s.d. and this friday's is still going up compared to vietnam in thailand cambodia is gemstone industry is still in its infancy but in recent times dealers have been coming together in an effort to market the country's precious stones have brought if we have that new technology. yeah and ability that can sicking on this i think cambodia can recovery all that in mind. but finding precious stones is a matter of luck and many international mining companies aren't willing to make large scale investment based on serendipity so for now the search for gemstones
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continues to be led by enterprising individuals hoping to strike gold. thanks for watching and have a good week at. the
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work on the book you are no one on the keyboard the focal length of. exposing justice global news that matters. for mines. climate change. the state. environmental. biodiversity species conservation exploitation equality. displacement. the global current local action. 3000. i was fishing when i arrived here i slept with 6 people in a room. it was hard. i even got white hair.
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it hit me out of office this hits me and they go but you need me to entrust the fight you want to know their story in the woods are fighting and reliable information for margaret. says as the news africa coming up on the show there's a creep across the lab we look at it could actually me jack that's trying to stuff the sun genes as the march towards the cops on the. other vision is only sound like nothing gross here anymore is that a surreal desert they can google if it keeps advancing and reaches the people living on the river the islamic will all be over those young.

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