ailing company monica jones will be here in just a minute with that and more business news and of course you can always get all the latest information and analysis on our web site anytime you want to see w dot com i'm terry martin thanks for watching. more than a 1000 years ago europe witnesses a huge construction boom. for. christianity for the stablished itself. both religious and secular leaders want to display their power. trip speaking. concrete the tallest biggest most beautiful structures. stone masons builders and architects compete with each

other. this is home massive churches are created. contest because the. stores. on t.w. . a major shift from the get economy stops paying minimum wage holiday pay and pensions the shift in britain comes after a long legal battle over the right painting company's treatment of its drivers meanwhile in italy it's women who are bearing the brunt of the coronavirus walked out and 70 percent of them worry if they'll have jobs to get back to. also coming out of beijing cracks down on major takes companies accusing them of. when the

police state behavior we talk to our correspondent in taipei to find out more. time to do business i want to get jones and willing good to have you with us starting today right hating our. street it's $70000.00 drivers in britain as workers instead of contract this and that means the drivers can now receive a minimum wage paid holiday and if eligible even pension plans this move follows litigation and a recent loss for the company in the british supreme court it's unclear what this means for operations in other countries to take company claims that the status of work unique to u.k. employment law and maintains the drivers are not categorized as employees. well for more let's bring in our business correspondent called frankfurt come on 1st of all what prompted this shift now good morning morning co well there was

a supreme court ruling in the united kingdom of few weeks ago where the court said that it was not just a 3rd party booking agent you know with drivers being self-employed but that the drivers were actually workers which have a relationship with of self ordination and dependency with now due to this ruling by the supreme court in the u.k. facing to be sued sued by thousands more drivers so obviously you decided that this was a compromise a viable way to go it seems to be a costly way though can still the kind of money did. well doesn't make a lot of money at the moment it's not really profitable and it hasn't said what the anticipated cost of this will be what i can tell you is that the u.k. market stands for 6.4 percent of the right share of bookings overall that's numbers

from the last quarter of 2020 but monica you know being profitable profitable is only one name of a company in particular with companies like what counts much more is to be the big one in the market and now of course with accepting this compromise is also forcing its competitors to act companies like bold or bold or ola and for them the cost will likely be much more of a problem by the way here in this topic there are a few questions still open who wants to apply the new rules only to drivers who actually have a passenger in the car who are actually k. working the drivers of course want to have the status as soon as they apply to the apparatus they log on the app right and of course the only ones to apply it in britain about one in 10 people in the e.u. also work in the economy all belongs to that of course and the e.u.

wants to improve their lives as significant you think is this development in the u.k. for the rest of europe. it's very significant the european union is currently in the process of talking to employers and unions about the topic and of course this process this decision making process gets a completely new spin the how. let's not forget 24000000 people in europe work for the economy for 3000000 of them these jobs are their only source of income and think of all the delivery drivers and people like this many of them have very precarious calm track sorry many of those people will be listening very closely now ok cannot do so in frankfurt thank you not talking off the carious work that's not only to be found in the good corner me in italy 70 percent of all women work in sectors that have been hardest hit by the coronavirus lockdown and those

sectors tend to be the ones in which contracts can easily be determinate or terminated. when valencia constanza go shopping for her family she has to watch every penny she can spend money on groceries the way she used to last year. i can't buy expensive things i used to buy salmon for example to make avocado when sam sandwiches there's no way now. in public the 41 year old worked for years as a freelance tour manager she guided tours hts and planned their travel for them now tourism is gone and she's unemployed. and i did my suitcase was always open just a quick change and then back out again it's gone from one extreme to the other from constant movement to complete standstill. that full time employees can't be fired in italy during the coronavirus crisis but the rule

doesn't apply to women like the area who work freelance or with a temporary contract the situation for women on italy's labor market is getting even worse. than the petition 70 percent of all women in italy work in precisely those sectors that have been hardest hit by the coronavirus lockdown saying those hotels and restaurants tourism and housekeeping and all the sectors are the ones in which contracts can easily be terminated without any consequences of gaza faith a practical idea considering italy's government knows it needs to get women into the workforce if the economy is to grow sustainably but over 2 thirds of those losing their jobs are women here at the aid organizations of a mama in rome they also feel the consequences the number of families they provide with food donations has quadrupled in the past year. the woman who. you know i mean if the mother loses her job or the father loses his. sin if i mean it plunges

families who are on the borderline between poverty and normality into the abyss of money there are. a lot of italy's government has announced it wants to improve prospects for women on the job market something that's more necessary than ever before. and now to some of the other global business stories making news new numbers show tesla spending 5800000000 euros on its 1st european plant outside of berlin that's according to documents obtained by german public t.v. the factory is expected to open in july and would be capable of making $500000.00 vehicles per year. norway britain and the european union have reached a deal on fishing quotas in the north sea the accord limits the amount of fish like cotton herring each country is allowed to catch it's a 1st such deal since the u.k. left to the e.u. in december. google parent alphabet says it will reduce fees for app

developers from july it will charge 15 percent on the 1st $1000000.00 software makers from its apps to or instead of the current 30 percent commission apple made a similar move last year after a backlash from developers. china's who i said it plans to license its 5 g. technology to smartphone makers like apple and samsung and collecting royalties could become a lucrative revenue stream for where way it comes as many western countries way over fears its equipment could be used for spying. the chinese market regulator is on the warpath in its sights the country's largest take companies accused of running monopolies authorities have slapped huge fines on at least a dozen companies in recent months alleging they broke monopoly rules among them ali baba gaming company tense and shopping platform made you an android heading for

the mobility wiping billions off their markets values now the intensified scrutiny as a retro is the hang saying it tech index it's down 22 percent in the past month as investors fled so lots to talk about there with sue who joins us now in taipei hopefully they are hi good to see you so tell me why why is beijing acting like this now what's their problem with those take companies. as long being concerned about the influence these tech companies have over the financial sector by this time was a bit different chinese president xi jinping directly coat on the regulators to step up their crackdown on these companies of that brought this issue to a totally different level and there are different ways for him to do it to deal with the end group china may be required to behave more like a traditional bank instead of the tech company and for ali baba and tense that the

media accepts like south china morning post chinese twitter way people and other media presence are seen through us through the chinese communist party and its very powerful propaganda parrots us so the chinese government will want the big companies to sell them but where will that leave companies like 10 centimeters wiped off of something tons of money from their market value it is china's biggest take company one of the biggest ones certainly with a 1000000000 users on its reach it messaging platform it's huge what's going to happen to it. tencent is a bit different assuming mention the gambian as one of its most profitable businesses. it also has investment in music and movies so compare with that and group is less aggressive in ally financial services so the tighter financial regulation is less devastating for a 10 cent then 4 and group it may be required to set up

a separate holding companies but it will survive. investors don't like too much state intervention could perhaps backfire i mean will those companies simply leave or is that the 1st time tech companies have faced regulatory backlash in china one way to understand is that beijing is going to strength these companies but not to ruin their businesses space and still want them to be seen as viable investment investment vehicles for global financial markets and also expect them to be able to compete with the u.s. companies by fostering in the ovation so these companies will still thrive but under supervision right suits in taipei they think you so much for that. i think poc in china has opened what it's calling the world's 1st polar bear hotel

it has 21 rooms that offer around the clock views of poland as a spokeswoman said it is already fully booked and rates that can reach $350.00 a night and said the nist have been quick to criticize the business saying polar bears belong in the wild and not in the hotel. and here's a quick reminder of the top stories we're following for you. right hating our buba has started treating its $70000.00 drivers in britain as well because instead of contract us this follows a supreme court ruling that means the drivers can now receive a minimum wage paid holiday and even pensions it's unclear what this means about them but operations in other countries. and chinese tech companies are dealing with a fallout from increased scrutiny from the country's market regulator authorities

have slapped huge fines on at least a dozen companies in recent months alleging they broke monopoly rules banks saying take indexes down to than 20 percent in the past month as investors flee. and that's your business update here on t w at this hour we'll be back of course in the meantime for me the team member lent thanks for watching. an amount 70 percent of its forests have been cut down for economic reasons a. 1000000 army man is fighting this way with economic means most of the older vision of planting new rain forests and using them to generate income while the seeds are growing capital to me against climate change. 3000. next block t.w. . we've got some hot tips for your bucket list. the

magic on a. hot spot for some. and some great cultural memorials to boot. trouble before you go. to a. welcome to global 3000. this week we had to panama to find out how the tropical timber trade can actually protect the rain forests. in south africa we learn.