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tv   Business  Deutsche Welle  October 30, 2019 5:45pm-6:00pm CET

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and american lawmakers is are again pressing boeing's chief executive of the company's had to have safety concerns prior to 2 crashes to killed hundreds of people in asia and africa. and then fizzle what i see business is something in the water as we seek to harvest more energy from sustainable sources hydro power is growing in importance especially along major waterways like the mekong river in southeast asia there are already dozens of dams in its basin and plenty more planned a big plant has just gone online in laos but opponents say the ecological and social costs are too high. the $4500000000.00 a year bery mega dam seen here under construction and 2016 is just one of many hydroelectric projects being planned along the mekong river in laos the landlocked asian country has set its sights on becoming the battery of asia almost all the power it produces will be sold to
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a thai energy company the day i'm officially went into operation tuesday with animated videos and other p.r. moves like newspaper advertising developers have touted this is a a very as a win win for both countries one that's fish friendly and a blueprint of renewable energy but images of dried out affected areas downstream are now causing an outcry tens of millions of people live along the banks of the me kong and many rely on the river for their livelihoods they say they're already feeling the effects. in the old days there were plenty of big and small fish in the river but now even small fish are hard to find a p.d.f. and yet this year is the worst the water is too low i have to cast my nets over and over again just to catch one. the mekong passes through 5 countries on its journey from the highlands of the tibetan plateau to its sprawling delta in vietnam
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and it's dotted with hydroelectric plants along its course china has completed 11 of them so far in its quest to meet the country's growing energy needs china has power. upstream it can build dams at will and downstream countries and communities cannot do much about it because it produces carbon free energy hydroelectric power is viewed as renewable and sustainable but critics of the news a a very down and others being planned along the mekong say that as the mighty river is harnessed and slows to a trickle the impact on its eco system and the people who live along its banks will be devastating. as the u.s. china trade war hits asian economies regional leaders creating their own pact to foster growth the regional comprehensive economic partnership would create the world's largest free trade zone population wise and southeast asian leaders a close to hammering out the final details the china backed deal includes big
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players like india japan and australia it's seen as an alternative to the transpacific partnership that stalled after president of trump withdrew the us but india is concerned about a possible deluge of imports from china and once last minute changes this could scupper the chances of progress at the summit that starts this weekend in bangkok dave chata g is following developments from mumbai forests and we've got andre hay in the trading hub of singapore they have starting with you are india's concerns justified. absolutely to a large extent though this concerns are justified if you look at india we have one will 600000000 farmers and who are worth a full front of this in that campaign against this particular trade deal now what we are forgetting the farmers in india fearing that the new zealand and australian daily farmers who are dump their products into india and completely destroyed the
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livelihood remember military government depends on these farmers and this large population as electronic and it is they will go out and work for him so it is going to be a big challenge for mr modi to come home and convince them that this deal is good for them the 2nd big concern for india is the reason. some of the companies some of the countries in the in the blog singapore is object into giving easier and easier to indian professionals and that's the one of the big reasons why india is a deeply dallying on this move and finally remember if india goes ahead with this particular trade deal it will have to cut 90 percent of duty on items which are imported from these countries so that would make indian manufacturing when they move to do all the other price cost of this countries will be offering to indian goes to mars so certainly that's what is indian farmers as far as indian indian
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companies are concerned they are what it and i think some of these concerns are really just right again lot of demands there though andrea what's at stake here if india were to scupper the deal. well the deal is pretty significant ben and just to give you an idea it'll give it'll produce once it's set it'll produce a 3rd of the global g.d.p. was nearly half the world's population but countries in east asia have already proven how integrating with global supply and value chains actually help and that's what and it's neat the region needs all the help it can get especially with all the trade barriers that all these various countries are putting up by these governments now adding to that it helps having the r.c.t. actually helps with a number of things namely it raises productivity it boosts output it also creates jobs and ultimately ultimately it does stimulate demand overall so the n.c.p.
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could actually be the one jolt that the indian economy needs particularly because it already has a much and i was intrigued deficit with 11 out of the 50 other member countries as of 20182019 always all that's given india actually needs more treif instead of less because it's a positive says andrea points out there but lots of concerns as well dave as you pointed out how do you reckon this is going to pan out there for india get its way . well i was talking to a couple of way industrious and also of the ministers who are part of this delegation what we do good tomorrow and what i believe that is going to a lot of course cheering from india's side of course as you nor this trade negotiators the big decisions at the last moment i think india does not finally signed trade agreement with this being left out of this entire system remember chinese president being was in india last year last month and he had
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a very long meeting with the prime minister of india and they sorted out a lot of things so my people what i believe and what i understand from my sources is that india will at least signed a deal but of course it will have to stop the other countries will have to take into account the concerns that india is it is in some of this nonsense really genuine when you go to india and i'm going to going to india automotive and especially those who are in the d.n.a. industry and all and then you'll realize that it's really just dave thank you very much for your analysis andrea thank you for us. now to some of the other business stories making news german exports will shrink next year for the 1st time since the global financial crisis the german chambers of industry and commerce blames breaks it and trade disputes the gloomy outlook is based on a survey of 28000 german business leaders. the wall street journal says the u.s. a telling comic afia chrysler and france's page or emerge of talks is
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a beefy across the 2nd attempt at a merger this year after the comic a pulled out of agreement with the note in june. another grilling for boeing boss dennis miller he's facing a 2nd day of questions from u.s. lawmakers on its grounded 737 max passenger jets after acknowledging errors in failing to give pilots more information on the safety systems of the planes before 2 of them crashed here's a look at day one of the hearings for you from behalf of myself. in the boeing company we are sorry deeply and truly sorry as a husband and father myself. i'm heartbroken by your loss. it was an emotional address delivered exactly a year after the cross of a 737 moxon indonesia that killed everyone on board in march of this year tragedy
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struck again when the same model came down in ethiopia. since then 737 mocks have been grounded the classes are thought to have been caused by a software fault us lawmakers accuse boeing of knowing it systems were subpar and of failing to train pilots adequately those pilots never had a chance these loved ones never had a chance they were in flying coffins as a result of boeing deciding that it was going to conceal and carry us from the pilot. boeing's both says the company recognizes its failings and is committed to doing better in the future. we've made mistakes and we got some things wrong we're improving. and we're learning and we're continuing to learn. this 737 mox will stay grounded until further notice
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a major financial blow for boeing and cold comfort for the friends and loved ones of those for whom that precaution has come to lace. german chemicals make a bomb is says there's been a significant surge in the number of glyphosate cold cases especially in the u.s. the number of plaintive small and doubled joist 43000 with just 3 months as law firms increased t.v. and online ads i require the usa for chemical company monsanto was on with its life as a base killer roundup last year now faces heavy litigation costs as plaintiffs claim the roundup because they can so something by disputes buyers trying to reach a settlement of court rulings against them. so see delays our financial correspondent in frankfurt chelsea how confident is the company now that it's going to ride out the storm buyers very optimistic and they also report of 3rd quarter earnings today that were actually a lot better than people had expected their core business there are cultural
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business the crop business the pharmaceutical pharmaceutical businesses they're altering pretty well they they had revenue up in the 5 to 6 percent range at the same time there are there this remains a concern the mounting litigation is certainly a concern for investors and analysts are expecting a settlement in the $8.00 to $12000000000.00 range and in terms of the timeline they they are expected to be back in court in january so i think over the next couple of months and busters are going to be looking for some sort of movement on these negotiations to do any for us in frankfurt. and i stay in business with a. law
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. firm.
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membership on t.w. . this says you don't use life for berlin chile polls out of hosting 2 major global summit the president struggling to end days of violent protests that have swept the country he says the comp 25 climate summit and apec summit can no longer take place as scheduled also coming up policing online hate speach.

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