good job getting. the link to newsgroup africa and the world your link to exception stories and discussions from the news it is easy to and i would say deputed comes here to join or something school g.w. or. mood. apple's new credit card can't buy gender equality a court in new york is investigating apple's partner goldman sachs for allegedly giving more credit to male customers. also on the program thousands of jobs saved as china's g.e. group steps in to buy bankrupt british steel. and how fast those plans to boost the economy and domestic production are threatening to backfire. it's time for business on the

w m how you know i guess it's good to have you with us new york's department of financial services is opening a probe into gender discrimination by goldman sachs the bank behind apple's new credit card critics say men get a far higher credit limit then woman the scandal broke after apple's co-founder steve wozniak said he received 10 times more credit than his wife even though they all share assets and accounts apple has reportedly responded to user concerns saying the credit limit is defined by an algorithm the apple cart was launched in august and partnership with goldman sachs as an option for users with limited access to credit. for more on this i am now joined by jose luis de i do our financial correspondent on wall street who will take us through this issue it's good to see you so we do know that this looks like a bumpy start to this new apple product how important are financial services for apple does this mean big trouble for the company now. current situation have you

said to her that more goldman sachs. regulators are looking to the banks a credit card department and not our poll today to mind you but any of the states and also we're broke and that said any potential could be a headache to 40 i phone maker at a time plays a transaction volume in revenue more than doubled from a year ago called to maybe call me a crucial driving factor of growth in the near and medium term as he becomes a part of the company's services engine and it could also set the tone for a macho rumor subscription program that could guarantee a more regular and stable flow of revenues for the company going forward now as a result like to talk to you about the week ahead especially there where you are on wall street we are anticipating remarks by both donald trump and powell what can we expect. investors are in a wait and see mode there is

a still some optimism about phase one trade deal with china but the devil is a still in the details and tension turns now to president trump he will be speaking at the new york economic club on tuesday so we may have an opportunity to see if he is happy with what has been achieved so far keep pushing to deescalate and cancel tarbes of a tromso administration will probably only accept to do so in a timely manner as it still needs a safeguard that china will comply with whatever it's agreed and keeping investors b.c.b.s. we can we'll also be fed chairman your own poll expected when c. and thursday in capitol hill and you will be there to tell us all about it thank you very much from wall street. chinese conglomerate buying up british steel british steel accounts for a 3rd of u.k. steel production and employs a total $5000.00 workers with a further $20000.00 links to its supply chain but it's been in liquidation since may when london refused to keep it afloat any long. it's sector wide problems and.

jing he confirmed it will be investing nearly one and a half 1000000000 euros in british steel to put it on a sustainable competitive footing joining us but he steals huge complex in scunthorpe and all it so the u.k. mills it also gains a u.k. engineering company and its stakes in its dutch and french subsidiaries although the british government have been paying wages in the hope of buy a could be found one deal had already fallen through and the future looked bleak so the genie takeover puts an end to months of fears yellowbelly said see there i think now good. job to say for the moment. he says the deal will save thousands of jobs in britain the group specializes in iron and steel but also has investments in 2 ism hotels and real estate. it says it employs 23500 people with 5000000000 euros assets. the

chinese investors are also investing heavily into portugal's housing market where it's been is a favor the prices are low tourism is booming and there's another incentive for tourists who have enough money can get themselves. the old quarter in. this is where lotus pin yetto was once matt now she's on the road to help victims of real estate speculation who are mostly women. oh yeah i did the guy that i sent over to pay your light young had something to eat today margarita lopes is one of the last original residents here with more and more tourists arriving lisbon residents are being pushed out bots. come in and take a look see the landlord has left the broken roof open for a year now it's rained in here now the roof has collapsed it's destroyed everything

i had they're not going to repair it they're just trying to get me out. so even if we go we wash the main source all that is lots of people rent to foreigners for a lot of money in the house below margarita's foreigners a paying $900.00 euros a month people here can't afford that let us pause of people where you live been has become a means of late for each resident there are 9 tourists here our city is selling itself into oblivion says rita from the organization. the single mother lives in a suburb of lisbon people are being forced to move out there as well she's come to campus to organize resistance today she's in one of the better neighborhoods and that income by this neighborhood has been sanctioned for plunder like all of lisp and this house and 700 others was sold to an insurance company in one go it says

stop the evictions on the wall of the bookstore that's the meeting point for the victims of real estate speculation. the bookstore owner was also supposed to leave her long ago it's been out for a year so it's proving it the people who've been living here for 5060 years are being thrown out without any alternative so now they're losing their livelihoods. but of their little lives off a bookstore. iliana. buildings are being renovated and built whoever invests 350000 euros in portugal gets a visa portugal has issued 6000 so-called golden visas to date mostly to chinese investors that's pulled in over 4 and a half 1000000000 euros there's no end to the boom in sight either. stand out in jail it's like a tsunami a wave of speculation attracting investors to the city the big question is what

will happen to our city there's no room for us and our children to expire 2nd but an aussie partner strange doesn't like residents here have opted to face the tsunami head on by helping the victims and winning back the s.t.t. . but temporary ban on importing sugar and cooking oil is backfiring a small west african country simply cannot produce enough of the staple food for itself many are scared that prices will soon skyrocket. here in bonn for in western kenya fast so only 20 employees are left here making sugar and production will soon grind to a halt and the reason for the slowdown there's no storage space left for domestic sugar the state run company isn't able to sell it because imported sugar is cheaper . than. many merchants are importing legally but there are other merchants who import illegal sugar the market is saturated and we can't sell what we have in

storage here we just can't compete with the low prices of imported sugar. to keep the production cooking oil producers in book enough so are having similar problems with illegal oil imports they know the country depends on foreign cooking oil. when his team according to estimates more keen afonso needs 100000 tonnes of cooking oil annually if we can only produce 13000 tonnes if you count all the domestic producers together we produce around 25 percent of what's needed with one quarter. not being able to produce enough is just one problem companies there are not catering enough to the needs of their customers who would prefer buying oil in one liter bottles the import ban is hitting wholesalers hard they're hoping it will end soon.

it caught a lot of people by surprise but the measure itself didn't when there were long conferences between the companies and the government and there's the result of looking at it more closely it's not really a ban they're just no import licenses being issued. did both. hairsplitting that doesn't interest the sugar factories managing director in bun fora he's just happy with the results. because the amount of product in storage is going down but when the imports were banned we had $24000.00 tons of sugar in storage now it's less than $14000.00 tons that means that the measures of cause customers and outlets to buy our products so we've also been able to win new customers. to us but the government's policies could also have a negative effect many analysts are saying that sugar in oil will be hard to find here in 2 months. before we go egypt is marking the 150th anniversary of the

opening of the suez canal one of the world's most important waterways connecting the mediterranean with the red sea it took a 1000000 egyptians 10 years to build it and a feat matching the building of the permits to dramatically cut shipping times for the growing international trade between europe and asia a new 72 kilometer 2nd plane that opens in 2015 allow traffic to increase to record levels. and that's all for this edition of business thank you very much watching we'll see you next time or whenever you like. to go back.

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have me and who is will be my guest in just a minute hello and welcome to our culture also coming up. in our series 100 german must reads we go to bethel brecht's apartment for the story of the friend help from. germany's smallest discover on wheels bringing into the claimant to the shrinking communities of the former. but 1st host is a norwegian german video office based here in berlin he's famous for his scurrilous videos which play with concepts such as identity the media globalization he does all this with lots of humor and i should say with other people's voices will have his real voice in a minute but 1st this is beyond melters. it was my son and so was this and so is.