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tv   Business  Deutsche Welle  August 10, 2019 5:02am-5:16am CEST

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spike. 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 margaret workers they are fleeing for hold. good amount of fish and you feed him for a day teach your country to sell fish and you create a viable export industry we take you to croatia. can rupees make your rich not if you ship them overseas for processing cambodia tries to put some sparkle into with the mess that jon stewart industry. this is your business i'm joined
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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 work that much harder to future proof themselves against the conflict while wafer 1000 build its own operating system and has chosen to name it harmony and then to do it through discord as it were the new software is crucial for the telecom company survival that's 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 really start taxing us to walk away. we're headed next to wall street where our correspondent. is standing by. 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 tempting in the right direction when it comes
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to damage to control and 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 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. a double edged sword it sends that it hurts in 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 kerrick 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 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
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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 as the yachts villas 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 arrow in new york luis what sort of reputational damage are we looking at for goldman if any at all. you know old the new charges sign davis to gay shooting to goldman sachs is widening so it seems they want him to be case will exacerbate their potential reputational damage for the bank and step back for goldman which has been working to rebuild its image sensor 2000 a but let's not forget in the aftermath of the financial crisis the bank got to be described as a great job as we've wrapped around the face of your money before its role in a crisis that since then there was
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a lot of effort to clean up how main street perceives that bank and also the fallout from demolition cases. could have some impact in several senior if they could be paid i would like for example c.e.o. david solomon and his predecessor lloyd blankfein since in february goldman's that board adopted a provision giving the ability to reduce some of their great packages depending on the outcome of their want to be best against. a giant squid indeed a st louis sorrow 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's stock exchange the stock market there has marked its 4th straight day of falls thanks to the india pakistan tensions the kharaj the stock exchange plummeting 2000 points to its lowest in 5 years on tuesday india passed a controversial bill stripping the state owned of john moon and kashmir and dividing the region into 2 territories one of which will be governed directing by
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delhi. the flare up in tensions has 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 you know scraping together enough to get out . a little bit of that 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 and we 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
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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. investors have been restrained so far as like 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 but 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 the kilograms that's the ideal market weight and the fishermen say their
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cuts because of the highest quality now they want to be certified as ecological producers. very good in the 2 years of production fed with locally grown grain from this good quality. they can almost be classed as ecologically produced. much of. the local fish farms are waiting for funds from the group in the 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 in the final stage. and that has important ramifications for local employment. for those more. culture employees the most people per unit area we have no financial support today. the fish produced is exported to the
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e.u. so the farmers hope to expand once croatia joins the schengen area. cambodia is rich in rubies and sapphires but the country lacks the expertise to make big bucks out of the. most are exported to thailand to be cut and made into jewelry which is where the real profits are being made. a 20 karat dark blue gemstone that's what khaitan spends hours each day searching for were 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 fire or a ruby. i earn $500.00 u.s. dollars some months other months though i don't find anything and so i earn nothing
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it's all a matter of luck. the miners have been waiting for this man lead he's a gemstone dealer and he's going to examine today's whole. shows and 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 i'll say it's worth about $150.00. over the past few years come bodie 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 as a 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
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china. this loser called as an example right now people go around and call it a diamond or cambodia also it's a very beautiful stone and the for example this piece right now is where you 19.89 carat which has come down to $10000.00 u.s.d. and this friday's is still going go. 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 abroad if we have that new technology invest. yeah and ability that can sicking on this i think cambodia can recovery all that in mind but finding precious stones is
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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 continues to be led by enterprising individuals hoping to strike gold. thanks for watching and have a good weekend. now
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80 percent of americans and some plain and allies will experience hardship. are we alone it's a fundamental question of humanity trying to figure out whether or not. life existed on mars pretty clear water was there and quite abundance while that would be so on mars the atmosphere is a 100th of what we have here on earth it's very very cold and at the fast it's like antarctica you could imagine bringing some supplies and you know you do them to
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build a little self-contained pressure vehicle or vessel which would be on the surface there are things like oxygen that you can harvest from the atmosphere to help make living possible. if you want to think of humanity if we really want to survive for . however we're going to have to move off the earth eventually and i know that seems a little crazy but you've got to start somewhere. this is news africa coming up on the show there's a creep across the last we look at the projects in egypt that that's trying to stuff the sun jeans as the march towards the competition the army. know what a vision is only sound like nothing gross here anymore is that he's a real texas only video they can do if it keeps it from sinking to emory.

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