from its developing nation status to u.s. compliance to rich countries gaming the world trade system. back in the course of the add to the sum some electronics and its corruption case is up for review. this is business as well. as welcome if you think about where in asia you would found a startup or invested one bank that they would probably not be on top of your list but it should be the bangladeshi economy has been enjoying growth between 5 and 7 percent for years and the capital dhaka is home to one of the liveliest startup scenes in the region fathers of companies that believe strongly in their country's potential but there is a problem for foreign investors are still few and far between. this group is getting ready to shoot a video of devil appear on the streaming service bongo they're going to go down well i really can't give you good. mongo is one of the most successful

startups and bangladesh that provides entertainment and information aimed at bengali speakers its founders recognized the market was ripe for the service it's already started paying off and there's plenty of room to expand to 300000000 people speak in bengali right now we have 75000000 people that are already attached to our network our content so we still have a lot more to grow. this streaming service is already making a profit but back in 2013 the founders had to come up with the initial $500000.00 investment themselves. bangladesh is still off the radar for most foreign investors even though things are looking up here the economy is growing strongly and although many people remain poor poverty levels have fallen substantially in the last few years. the government has also pass new laws aimed at making. it's meant in

bangladesh safer and easier its largest financial services provider has now set up a venture capital fund the c.e.o. hopes it will draw more attention to what's on offer. but introducing the v.c. fund we want to showcase to the banks financial institution investors and international investors that there are opportunities in by all of this and i hold that all the success of ideas see other people also join in this journey. the startup scene in the capital dhaka is still modest but that could change quickly this co-working space which opened in 2015 used to be empty much of the time now it's hard to find space to sit down. mostafa 0 mankind says there are many good ideas but that many potential entrepreneurs like funding expertise experience or a combination of all 3 his latest start up up skill seeks to address those needs he wants to focus on what makes the market unique. there's

a lot of problems and as an entrepreneur i see that these are opportunities and see this as a bomb additionally we understand this problem is much better than outside or we're in very better position to solve this for us so i'm saying that we have to wait for outside help to solve it as we can do it ourselves and if we can solve it skew money will follow. bangladesh ones people in investment circles to finally start talking about the country and telling positive stories about doing business there. now let's get some more important on the startup scene there in a bangladesh farm. is very much engaged in the startup scene their mentor in africa and also the c.e.o. of bongo the video streaming company that we saw in our report fires welcome to the show what are the biggest challenges that founders are facing there at the moment. thank you. very happy to be on there and one of the biggest challenges that we're

face in actually is talent. and bangladesh you know although the population very high but the level of thinking and the level capability that that that we need in order for a tech come in the scale it's kind of missing and and that's part of large largely due to the education system it's a very different type of education system if you go to the north america it's more thinking based and that's something that we can start getting a little bit on as well as the exposure if you look at you know india and our neighboring country a lot of and who used to work in the silicon valley went back we haven't had that you know a lot of nonresident on issues coming back and they're starting to come back now so i think talent will be the biggest challenge and then we go into is funding v.c. funding is a big challenge you know we have. i did some of the early angel investing back in 2013 and we still don't have a huge pool of a new investors and so a lot of these startups are struggling to get you know seed capital well that's

improved over the years but now you go from you know seed capital to series a series b. and then you're kind of looking round like where do you kind of go raise money from so i think those are the 2 biggest challenges that we're facing right now but the 2nd challenge there's a new tech focused venture capital fund in bangladesh that was recently approved what impacts can not have yes. it will have a massive impact and you know one of the 1st questions you know bango you know we're right down the middle of reading series b. and we always get asked as you know who are your local investors and so ideal see you know the v.c. fund coming in and having a lot of strong presence of the local investor in the market will send a signal to global b c funds because it's very important and it's very important for when foreign b.c. funds are looking in the market and they need local allied to actually know about the market and the deep intelligence that's required so it will have a significant impact in attracting more v.c.s.

as well as you know funding more on to foreigners to kind of get fuel that they need in order to grow their start up. faster in dhaka thank you very much for joining us today thank you. and now to some of the other business stories making headlines around the world today allison shares tumbled off the profits fell short of expectations and its drops to about $2000000000.00 the online retailer blames the high price of single day delivery of packages from warehouses to customs shipping costs soared by 46 percent. twitter's shares also fell almost 20 percent on thursday after the company also posted disappointing 3rd quarter results revenue came in $800.00. $24000000.00 that's far less than what analysts expected the messaging platform

blamed a bucket discovered that limited its ability to target its ties. business confidence in germany remained steady in october survey by the institute shows europe's largest economy is still struggling but it's expected to expand in the 4th quarter after contracting earlier this year the country's largely export driven economy has been hit by slower global global growth trade disputes and protectionist measures. cuba's state. is canceling routes to 7 international destinations it blames u.s. sanctions on companies that leaves planes to the national carrier its routes to mexico and were specially important for cubans applying for visas to the u.s. . being granted the status of a developing country by the w t o has its advantages you can impose higher taps on some imports for example to

protect your own fledgling industries but the us has complained for a while that some countries are abusing the system china for example still claims to be a developing country to 6 other of the 10 wealthiest economies in the world and so to mexico for example also south korea and turkey which are actually members of the g. 20 group of leading economies but now south korea it's time to get real. it is the land that gave us high 5 in robots motor cars and the wizardry of samsung smart phones. hard to believe then that south korea would consider itself a developing nation and yet until today it did. by going to reality or pressure the finance minister said the country would no longer use the designation trade talks. we have decided not to seek

special treatment as a developing country in future negotiations 1st we recognize that we have authorised he to negotiate sensitive items like rice you know 2nd we will not for go developing countries status itself only the special treatment in future negotiations and on the one yard which are many of them. since it was founded in 1905 what do we need organization rules have permitted members to self identify as developing allowing them to impose high tariffs to protect key industries for. south korea used to shield sectors including agriculture like rice farming from foreign competition but holmes announcement that his country would not be giving up its developing nation status could be seen as trying to have things both ways and whether it's enough to play keep this man is another issue donald trump has been strong arming friends and falls over the matter in july the us president said that

the world trade organization was broken when the world's richest countries claim to be developing countries to avoid all rules and get special treatment no more he wrote. among his targets were china and south korea but seoul says its decision reflects its ongoing economic success and position as a leader in technological innovation others see it's a result of trump's tough talking approach to shaking up the global rule book on trade. billionaire samsung and lead j. young is being retried on corruption allegations and 2017 of our 5 years in jail a sentence that was later suspended now the supreme court says the amount of bribes legislated offered the former president well under valued. e j young is back in the dock the vice chairman of samsung faces every trial on corruption charges links to the 2016 scandal that sent south korea's then president to prison. i

feel very sorry for causing concerns for so many people. 7 concerns about the future of both samsung and the country as a whole some song is a multinational mega-corporation by sitting almost half a 1000000 employees its most famous for producing smart phones laptops and televisions. but it also builds ships office life insurance property and even medical care the company is responsible for around a 5th of south korea's economic output so when samsung sneezes south korea catches a cold 6 which is why this new trial is so significant and not just find the j. young. and that's it from me.

eco india. from plastic wait. till indian entrepreneurs have turned their country's waste problem. their claims transformed into high quality. friendly fuel. 6. on the. welcome to the what is the game here for design. translates to talk about. this us all coverage. more for. us all we have. let's have a look at some of the other much surrounded me still shaking in their boots the green flyover links so you don't want. to just go with.

t.w. . 9 geminids w at any time. place the names in the m.l.s. yeah i love the look of pop songs to sing along to see this to come from super funds. for. interactive exercises. everything is online and interactive learn german to frame if t w. climate change. sustainability. environmental. globalization effect biodiversity species. exploitation of the quality. displacement. current. 3000.

this is the news coming from the waiting game the e.u. delays his decision on of breaks that extension. does meeting the chief brit's of negotiator michele banyak agreed that an extension is needed but they failed to say how long they're prepared to delay the patch up. to.