tv Business Deutsche Welle December 11, 2019 3:45pm-4:01pm CET
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1st steppingstone overall saudi arabia's oil reliant economy. this is business. as welcome. beard cory's in india all sweatshops in bangladesh everywhere across asia workers' rights environmental protection and children's health is being disregarded by global companies at the source their products in the region the german government asked $3000.00 textile retailers and producers to voluntarily clean up their supply chains in suggested a self police licensing option with an official certification that companies can apply for skin was called green button and only less than $100.00 companies were willing to sign up for it they would have had to fulfill a total of $46.00 criteria to do with environmental protection and workers' rights apply alongside the entire supply chain so different companies would have to prove that their products made by child labor that they pay a minimum wage and implement safety rules but as already mentioned this is
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a voluntary set of occasion that only applies to the textile industry lukewarm response prompted human rights organizations and trade unions to call for a lot to cover the supply chains of all german companies or lynn is now looking into legislation legislation requiring companies to prove they have been no human rights abuses or environmental infractions at any point in the supply chain companies breaking the law would be fined but many a semi is not at all happy about the additional red tape. factory fire in delhi this weekend left 43 people dead and many engines the fashion industry is becoming increasingly associated with such incidents safety standards and regularly ignored and buildings are often riddled with fire hazards 120000000 people worldwide work in the textile sector mr in asia and africa and. many children it's
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common to work 12 hour shifts 6 days a week for a pittance but that could soon and a new bill may require german companies to force suppliers to comply with minimum social and ecological standards. lorne in their picks to virtue style workers in ethiopia earn around $25.00 a month just $25.00 in bangladesh they earn $89.00 so. that shows that without our knowing the clothes we wear are often being produced under exploitative conditions regardless of what it says on the label. the government says german employers must use their market power to force suppliers to make improvements germany is the 2nd largest importer of textiles worldwide but small and mid-sized companies say they'd be overwhelmed by such a law their products often comprise many different parts produced by different
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suppliers it's hard to trace if they're up holding standards or not the businesses say it will entail a lot more bureaucracy they say implementation would be impossible and it went prevent tragedies like that in delhi from reoccurring that you know they. go to sort of be turned on a journalist and documentary filmmaker who was worked on the subject and joins us now from delhi what are the biggest human rights problems for workers there right now. so all major problems of course include but are not limited to as the triple also mentioned low wages and exploiting it is working hours now a lot of these leaders in the supply chain in this she are subject to extremely fulton conditions but also extremely poor residential conditions because a large amount of them are migrant workers and because they are so poorly feed they then depend on the business owners to provide them with residence spaces which are
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unhygienic and subject to varying levels of air and water for use in now in south asia and we do not have the largest number of chinese evil in supply chain in the supply chain industry but it continues to do neither cause of worry however the wast of the lot for particularly in india is the fenian the female locals in these in this industry though not only are the low speeds but they're also subject to a volley of sexual abuse as we've seen so multiple reports by the un it's the ars by outside i'm sorry is the government the indian government doing enough to protect its children and workers. so earlier this the old government of india actually published a national action plan of the n.e.p. on business and human rights which was welcomed by the private sector and the business law it was seen as a huge step that the government was seeking to ensure better lights for its workers
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however there's been a huge gap between what was said on people and the implementation they have also given several reports by n.g.o.s in india talking about legal laws including these laws of you'll eat saw or do the meek types of wilco's bedell do or do they end up often leaking business or noise unless compliant to the government in fact the spy and gave us we're not sure once again where workers have said very often the government actually complies with business welcome so business owners and lets them off without severe punishment even when they are down doing these laws when fires break out so that is sort of the debate that is really taking the country over the last weeks in this situation. if you can there are human rights compliance requirements even very 50 by companies thousands of kilometers away.
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so you know because the government of germany is now putting more pressure on its own companies those companies then put that pressure back on local bottlers in india there are several monitoring and evaluation n.g.o.s and companies that can get involved in helping john companies to evaluate what is going on with their populace but what donna speaking of what these women go by lucian's are these reports have been on the ground for several years the big gap here is really what do these companies do when they find out that their local business partners in the supply chains are not complying with stockings looms and regulations and that's why we've seen that the buck really stops there so for example it's fast fashion even though there have been several reports on how partners on fly on many much multinational stakeouts will say this and this is what they want their local
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populace to note however they don't stop working with these something nice when it is found that who know by these things are thinking 1st so perhaps that is what the companies will follow him to not that this new law is in place sorry. thank you very much for this analysis. saudi arabia state oil company aramco has officially begun trading on his domestic stock market it's already the most valuable valuable probably a listed company in the world however that's not enough for the kingdom which remains determined for saudi aramco to top the 2 trillion mark and things have gone well so far on the 1st day of trading. this is what it looks like to launch the world's most valuable company on the stock exchange for the 1st time. saudi aramco pride and joy of the saudi arabian royal family and kingdom has gone
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public it made its long awaited market dead view in riyadh on wednesday to march fanfare. and early pre-treating the shares hit $9.39 each that's a 10 percent jump from the starting price enough to hit the regulatory cap on daily increases or decreases for the stock. that pushes the company's value up to $1.00 trillion dollars the kingdom wants a 2 trillion dollar valuation since the sale of $25600000000.00 worth of shares last week it has been encouraging all and sundry in saudi arabia to buy up as much stock as possible to. the yuan was that. today the kingdom of saudi arabia is no longer the only shareholder of the company a lot. more than 5000000 shareholders have joined including citizens and residents in this kingdom and all the c.c.c. countries in addition to saudi regional and international investment institutions
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this is a day when everyone in saudi aramco and in the kingdom can be immensely proud of. well today is one of glitz and glamor for the country the listing of aramco is a reflection of the kingdom's need to diversify its economy away from oil dependence nonetheless the company may well hit its desired 2 trillion dollar target in the days ahead. is responsible for ons 2.5 percent of global c o 2 emissions and yet despite climate change more and more people are traveling by plane as the numbers have risen steeply over the last few years particularly in asia. the rise in air travel is good means for the leading edge craft manufacturer as their bus has plenty of orders to fail in the next 2 decades european air travel is expected to double. many large and ports are being built across asia including
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beijing's dashing and port once completed it will boast 4 runways. last year the asia pacific region has the largest share of international air traffic with almost 34 percent followed by europe with 26 percent and north america with just under 23 percent. africa lag far behind with just 2 percent. but the sector is likely to grow rapidly in some african countries this year uganda state carry out uganda airlines after it was grounded for 17 years other countries like rwanda have high hopes for then national carriers but most of them are mired in heavy debt and affairs are too high for many consumers on the route networks and limited and complicated last year nearly 30 percent of seats on african flights were empty. the world's 1st fully electric commercial aircraft
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completed its 1st test flight the plane took off for the canadian city of vancouver around 15 minutes 6 passengers. new builds of the 1950s but retrofitted with an electric motor and design designed by an australian gump. i publish if we have a canadian ally those behind this 1st electrified say it could be the dawning of the age of electric if yes. that's it from me and the business to. thank you very much for watching the for.
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this is daily news live from berlin once hailed as a human rights icon now defending her country's armed forces against charges of genocide mean mars and so suit she takes the stand at the international court of justice in the hague a nobel peace prize winner says there is no proof that her country's army carried out genocide against $100.00 muslims prosecutors are seeking to prove her wrong but also coming up. the other ready greg said that's what boris johnson is promising if he wins on 3rd.
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