investments shifting to southeast asia? -- do you see investments shifting to southeast asia?e certainly some. while a lot has flowed into china they last five or 10 years because of the explosive growth, that has only really been possible because the ecosystem there is incredibly centralized. china has a domestic population and they have been in control of the strategy. southeast asia has a very big population and there is still a lack of infrastructure on education and a technological perspective. we are still way earlier in the cycle than we ever were with china. >> how is this effecting your firm and investment strategy? it is an interesting question. help a lot of companies think about international strategy. investing onwas businesses, so that was really interesting to watch as a result of some of these in the past year. you advising gore how are youow -- advising gore portfolios now considering the trade war -- how are you advising your portfolios? [no audio] >> whether they are from the u.s. or elsewhere, take a hard look at what their values, their long-term strategy.

investments shifting to southeast asia?e are certainly some. the market is different from that of china. while a lot of u.s. capital has flowed into china they last five or 10 years because of the explosive growth, that has only really been possible because the ecosystem there is incredibly centralized. china has a domestic population and they have been in control of the strategy. southeast asia has a very big population but it is fragmented and coming from a low base and there is still a lack of infrastructure on education and a technological perspective. there will be a flow of capital into southeast asia as a way of continuing to look for growth. we are way earlier in the cycle than we ever were with china. >> how is this effecting your firm and investment strategy? >> it is an interesting question. trinity ventures is focused on u.s. companies. i help a lot of companies think about international strategy. prior, i was running a fund where our strategy was investing businesses sor , that was really interesting to watch a

the indonesian economy is the biggest in southeast asia and it's the only one worth more than $1 trillionmonly known, struggle to get the economy growing faster than 596 get the economy growing faster than 5% during his first term even though he promised 7% growth and now the broader global economic slowdown is affect exports, they fell 2% in the first three months of this year compared to a year ago. a consultant from oxford economics said it won't be easy to get the boost the economy needs. from where we are setting it seems like there's more of the same, not helping is the case that the borough party is the second—largest and the dpr, that could slow down the decision—making process even more than what we saw in president widodo's first term. we're seeing quite a lot of politicking going on, some demonstrations in the street, for instance, but we know it is southeast asia's biggest economy, the only trillion dollar economy in the only trillion dollar economy in the region. foreign in has flagged, and of course none of this is helped by slowing global growth due in part to the us—china

from mr hill region to southeast asia from the pacific to the caribbean some people are fleeing rising waters others drought. the world's population began to soar about two hundred years ago soon it will top ten billion greenhouse gases are rising apace the resulting warming of the earth's atmosphere is wreaking havoc on the climate humankind which is responsible for this warming is becoming its victim more and more people are forced to leave their homes . inequality is being exacerbated by climate change wealthy industrialized nations are polluting our air while the main victims live in the global south for example in indonesia. pontypool hadia which means happy beach lies on the indian ocean due to rising seas and heavy rainfall the village is sinking into the sea. the flooding continues even now during dry season. the local primary school is down and smells of rot parents say conditions are intolerable and more than half the children have been taken out of school. teachers in primary grades. he attended this school himself and is determined to persevered. his classroom flooded for t

our southeast asia correspondentjonathan way. our southeast asia correspondent jonathan head way.mbolism in the upcoming rituals. addressing probably the most important one is a ritual which is known as the water purification ceremony, we've just seen purification ceremony, we've just seen the king coming out dressed in a sort of white one shouldered toga which is the tradition. being that out with press ahead of him, ready to sit down on the wooden bench and he will be underneath what is a kind of shower that will shower him with water on five sacred sources around thailand. that represents the five traditional, five sacred rivers in hindu mythology that are supposed to originate in mount mary. as he undergoes a ceremony, he's been connected ritually to the power of the great hindu gods. it's very interesting to see how much hinduism is involved in the ritual after all, it isa is involved in the ritual after all, it is a buddhist country was not the supreme it is a buddhist country was not the supreme page rank of the buddhists in thailand, will be pouring water on his hands so t

let's bring in our southeast asia correspondent charlotte shell simple she's covering the story for us hi charlotte it's an emotional moment one that's a long time coming for the journalists and their supporters to tell us more about the moment that they were released. i see me yes a lot of the supporters thought it could be years before they saw images like this those two men walking free off to five hundred days behind bars it was an extremely emotional scene outside the jail where they were released there was a press scrum among many of whom this case has become personal this is about that journalist matt country in jail essentially they would argue for press speaking out about alleged violations by the military now they are now the two men have been reunited with their wives we see in very emotional moving pictures of that while learning one of the journalists wives she gave but while he was behind bars he's only had a chance to see is a handful of times now that every united there is a family once again and i think for a lot of that support is a reuters news agency their employer

network expands in southeast asia the logical choice would be to go the way i want to bow latin america they don't seem to be too worried at. by these accusations huawei is reportedly planning its first data centers in latin america and has its eyes on chile chilean president sebastian pinera is goal has always been to attract more investment from chinese companies and technologies and telecom and recently mobile operator has carried out a five g. test in using equipment from a long way so tell us more about that. now what's really interesting about this situation is latin america is twofold first of all latin america is the second largest trading partner with china for telecommunications in fact that has experienced about. you know an eighteen percent growth in the last several years but what's also interesting is the trump administration has also cut a to most of latin america because of immigration concerns by thirty percent so i think the trumpet ministration could have done a better job in elise trying to incentivize these countries not to work with wild way but it's very interesti

in southeast asia flooding is driving people from their homes. in africa it's the devastating drought. cameroon is suffering as is neighboring chad. lake chad which lent its name to the entire region is the only natural source of water in the area. researchers from the international organization for migration have come to the region surrounding lake chad to investigate the connection between climate change and the rise of climate migration. mashal remove the low of the un migration organisation has spent years in this the hill region every encounter and every conversation adds another layer of detail to his preliminary findings. today maria will and his team are visiting a camp for displaced people near lake chad. under the shadow of a nearly barren tree he speaks with mohammed abraham the head of the family ybor him tells no real oh he is a herder the family suffered a terrible ordeal before finally arriving in lake chad it was heat and lack of water that drove him from their home. climate change has a huge impact on us herders if there's no rai

and in southeast asia, grab are becoming a payment service, the same for go—jek.e and giving out bank accounts to people who don't have a bank account with a traditional bank. i think the journeys will be a little bit different and if anything they are ina different and if anything they are in a better position than uber is. now, in other business news making headlines, the european union will reportedly launch a formal anti—trust investigation into apple in the next few weeks. that is according to the financial times. it comes according to the financial times. it co m es after according to the financial times. it comes after spotify accused the iphone maker of playing the playing field to disadvantage competitors. warren buffett has said he wants to invest more in the uk and other parts of europe, despite uncertainty about the uk's future relationship with the eu. speaking at his annual shareholders' meeting, he said he would like his firm to be better known across the atlantic. avengers endgame has crossed another box office milestone, taking more than $2 billio

it happened for the people on this flight in southeast asia overnight.ng gear problems caused the pilot to circle the airport here in myanmar. as nbc ron allen explains it was the second aviation mishap in recent days. they finally land whenhe front landing gear failed. smoke rising in the cabin. frantic effort to get everyone off. myanmar national airlines toof of for and hour an minute flight. in a statement the airline said an emergency warning system went off when the front landing gear wouldn't go down. the pilot tried a backup procedure that also faid. circles the tower twice so air traffic controllers could see whether the nose landing gear was down. dumped fuel to rede the plane's weight and then put the plane down landing with no front wheels. just last week anotheranding in myanmar when a plane skidded and overran a run way in a rainstorm. at least five of the 30 passengers injured. the aircraft seriouslyge damad. now again today disaster averted. the pilot being hailed as a hero for a trifying emergency landing that ended wit everyone aboard s

who is in a similar position in southeast asia? rohit: that is true.uidity is needed for all southeast asian banks. if you look at india, they have injected liquidity into oil buyback corporations. inject liquidity whether it is india, the philippines, indonesia. >> i want to bring china back here. the data has not shown improvement. is it the nation of the recovery? -- nature of the recovery? for one, the domestic demand in china has been pretty strong. that has helped push a lot of things. i would say that it is peculiar to china if you think about it. it is not like exports have fallen off a cliff but everywhere else, korea, taiwan, exports have been poor. a betteroping that growth of china would help buffer or portion of the export of the economy as well. that has not happened so far yet. maybe there is a little bit of lag for three or four months but right now it looks like a china specific recovery. yvonne: let's look at a market check of what is going on this monday. we see that bloodbath today. hang seng, not a single stock is up. we are done m

we come here to speak about the southeast asia story and the dialogue there.able that china is becoming one of the largest investors in the region. yvonne: interesting. all right. joseph, thank you. come back to hong kong soon. chief asean economist joining us out of beijing. su keenan joining us from new york. su: thank you. we start with google which is reported to be halting plans to cut assets to some features on huawei phones. that is after the commerce department granted a 90 day release for u.s. bond companies using huawei equipment. the temporary relief license allows the continuous operation of existing networks and equipment as well as support to existing handset. to footwear. nike, ideas and other footwear companies -- and adidas, sent an open letter to president trump calling his tariff wars catastrophic for consumers and the u.s. economy as a whole. in total, 173 company signed the appeal which also went to steve mnuchin. commerce secretary wilbur ross and top economic aide larry kudlow. the letter says it is time to bring the trade war to and end

.$80 >>> terrifying moments for passengers on a flight in southeast asia.moke filled the cabin, and it was coming from beneath the seat. we're going to show you what g.nt wr >>> and critics are accusing a local author of racial insensitivity after she tweeted a photo of a metro employee. what the worker was doing and how the conoversy is threateninghe rider's threateninghe rider's t the big carriers are talking about their current 5g roll outs, but their efforts are limited to a few pockets in select cities or trying to convince consumers that 4g is actually 5g. they're neglecting small towns and rural communities, leaving them on the wrong side of the digital dive. if approved, only the combined availableresources of t-mobile and sprint can deliver on all the spectrum bands ic needed to qukly bring unprecedented 5g connectivity across the nation. >>> frantic passengers held on during a dramatic emergencyl ding overnight in southeast asia. the plane that landed in myanmar had landing gear problems. smoke could be seen coming from underneath their seats. the

zilingo began as a way for small fashion merchants in southeast asia to connect with consumers, but like so many others, the key to its growth has been evolution. zilingo gives the region's fashion world access to technology and capital. listings are free, with the company charging commission on sales. other tools allows vendors access to factories from bangladesh to vietnam. based in singapore and raised in india, bose's zilingo is targeting companies big and small. it has the backing of investors like sequoia and singapore's estate investment fund. ? haslinda: ankiti bose, welcome to "high flyers." ankiti: thank you for having me. haslinda: now zilingo was born at a house party. two friends drinking beer and discussing a business proposition. ankiti: yes. actually we weren't even friends then. we were just neighbors. and my friend invited my cofounder's friend over for a beer. then he showed up. and they even brought their own beer, which is great. and we started chatting. and we had this common mission. and within a few weeks, we decided we wanted to work together. haslinda: what was

that's why you see so many companies in southeast asia and other parts of the asia—pacific region usingon't go away. let's have a look at the markets. japan is still closed. they are celebrating a new emperor. no action in tokyo. china is also shut for a public holiday. markets are fairly thin because it's been a bit of a weird week. on wednesday, the us federal reserve decided to keep interest rates on hold — borrowing costs will remaining at between 2.25—2.5%. more detail on that in a second. but let's look at europe. here in the uk, metro bank shares are down, double—digit decline for metro bank shares. their deposits are down. we got shell‘s results, first—quarter profits down 2%. lloyds bank, profits down 2%. lloyds bank, profits flat. interesting day, so much to diejust. profits flat. interesting day, so much to die just. berkeley will be feisty, that's on the agenda too —— so feisty, that's on the agenda too —— so much to digest. from washington, here's michelle fleury. the masters of monetary policy face a puzzling picture. the us economy accelerated in the first three months of

talk about it in southeast asia is front and center.the philippines also coming out on thursday. strengthening the case on the philippine front. inflation,el of almost telling you. >> and you have the rba guy got pretty interesting. the chances of cutting rates are now the highest in years. the markets have not really pricing more than a 6% chance of a move. now they are saying that it is about a 45% chance of easing and it will be pretty interesting here. paul allen is joining us. the decision could go either way. paul: it could. it is a live decision. we have pushed up about. i am standing here, telling you about it. khat lit the fire was the wea first-quarter numbers. that is one half of the mandate. housing market has also been weakening, weighing on consumer confidence as well. retail numbershe coming out. the retail and trade numbers we had not do much. havee other hand, we really strong employment numbers in australia. the jobs market is looking very healthy. are sitting -- they on a dilemma. it looks like it is split down the mi

we have our southeast asia correspondence jonathan head on king.d on the line for us. what will we see in this ceremony, and what is its significance? well, we are expecting to see now, you will see the king is in very different clothing now from the white togo he was wearing for the white togo he was wearing for the earlier purification ceremony, you can see the king sitting on a kind of stall, and he has eight of the most important public figures in the most important public figures in the country standing around him ready to anoint his hands with water that has been taken from 107 sources around the country, and from the royal palace. now, the choice of these eight figures will be watched closely by thais. his father, at his own coronation, chose members of parliament. the late king was ascended —— educated in switzerland, mostly outside of the country, before he ascended to the throne. this king has chosen the current prime minister, a former military coup leader and army commander, and two other army commanders among the eight, and i think tha

now china needs to stem that flow once that industry goes to southeast asia it's gone for good it's never coming back to china and chinese leaders are aware of this i mean the clock is ticking on china yes trump has a clock ticking for you know a year and a half till the next elections but i think china's clock is ticking much much faster than that ok well professor backbones we have to take a very short break now but we'll be back in just a few moments stay tuned. ah . ah. ah. ah. ah ah. this is a story about what happens auster a stray bullet kills a young girl in the streets. what happens to her family and daughters in florida the mother daughter is buried in a cemetery it meaning messes with your head what happens to the community the public was screaming for a scapegoat the police needed a scapegoat so why not choose a 19 year old black kid with a criminal record who better to pin this on than him and what happens in courts to be. shocked shocked as far society we feel. we don't know childress from. the end of this trial unfortunately you. will still not know childress. we

a fossil school of a flying lemur that lives in the tropical rain forest from southeast asia a distinctive pattern and the jawbone at latitude 84 here is the reconstruction of the hothouse world turtles and crocodiles and lotuses the american museum of natural history showing the arctic as it was 50 million years ago. in early 2000 european expedition to the center of the arctic ocean to drill down to the sea floor into the bottom into a bridge to extract the fossil to understand the basin 8000-foot deep and what they found their amazement was not fossil marine plankton of floating aquatic earn the lives in freshwater tropics today. it's an amazing little plant it floats the size of your fingernail you can see it if you go to new orleans for the amazon it completely clogs the waterways here's a picture that i took it is a very rapidly growing plant in the subtropical waterways and this is what they found in the bottom of the arctic ocean at that time not only was it not frozen but there is so much fresh water runoff that is a different arctic palm trees are a classic indicator and then the

now china needs to stem that flow once that industry goes to southeast asia it's gone for good it's never coming back to china and chinese leaders are aware of this i mean the clock is ticking on china yes trump has a clock ticking for you know a year and a half till the next elections but i think china's clock is ticking much much faster than that ok well professor backbones we have to take a very short break now but we'll be back in just a few moments stay tuned. join the every thursday on the alex simon chill and i'll be speaking to guests of the world of politics school business i'm showbusiness i'll see you then. the tense situation in venezuela is still all over the news the problem in venezuela is not that socialism has been poorly implemented but that socialism has been great only temperament from the inside venezuela things look different we're going to announce sanctions against petroleum to venezuela associated. bonus will have a supplement to. that person that sort of polling data to see on the path and the path of the moment the focus of the who story isn't new mak

certain supply chains are already transitioning from china to places like vietnam in particular in southeast asia i think the trade war is accelerating that trend it already began long before the trade war so so it is happening in effect that suits the u.s. overall objective. is china in a position to absorb this longer i mean ed and i what i mean by that what i mean by that is politically speaking obviously they all have to answer to constituents the way that donald trump will eventually have to answer to constituents so yeah obviously president xi jinping is no longer limited by by the terms of 2 term cycle so he could serve much more than the 10 years that his predecessor did had been limited to but i think the chinese economy were was facing headwinds before the tariff wars began so i think there is a lot more pressure on xi jinping at this point to get the economy right and to deal with a number of underlying issues including. a big lending bubble he's got an inflation problem he's got a big asset bubble problem and there's way too much stimulation of the economy right now and it's overly de

and out china needs to stem that flow once that industry goes to southeast asia it's gone for good it's never coming back to china and chinese leaders are aware of this i mean the clock is ticking on china yes trump has a clock ticking for you know a year and a half till the next elections but i think china's clock is ticking much much faster than that ok well professor backbones we have to take a very short break now but we will be back in just a few moments state. to . put themselves on the line they did accept the reject. so when you want to be president. wanted. to go on the pros this is one of the 3 of them will be good. i'm interested in the ones in the. movie. down here and see the line here into the. distance in the. city. welcome back to worlds apart with salvatore the bones associate professor in sociology and social policy at the university of sydney professor one of the points that western commentators also in the make about the reason why the trumpet ministration is collapsing on china now is because china is supposedly moving into a new technological phase with its ex

inside are numerous stores offering import goods from southeast asia, the middle east and europe.ort shops from europe are of an especially large scale with a choice location. merchandise is brought in via railway from the one road, one belt initiative launched in 2014. the total import value in yiwu has since risen by 10%. one newly opened store in the fifth district sells goods imported from india. its wares include incense and clothing. the location of the shop is not the most ideal, but the owner has long been importing goods on his own using surface mail. >> import business is very promising. yesterday, i met -- i w was invited to go to the foreign affairs depepartment in yiwu. they told me that we are very proud to have a man like you in yiwu. and we want you to have a bigigr place and import more products from india. so they want somebody foreigner who are importing and doing business here. >> these import shops have been increasing. the number of shops run by african merchants has surged with the market already home to stores from over 30 african nations. china has been im

now china needs to stem that flow once that industry goes to southeast asia it's gone for good it's never coming back to china and chinese leaders are aware of this i mean the clock is ticking on china yes trump has a clock ticking for you know a year and a half till the next elections but i think china's clock is ticking much much faster than that ok well professor backbones we have to take a very short break now but we'll be back in just a few moments stay tuned. late season and see if the high altitude nature is. it's one of the flavors to turn into an easy is prison. the waterway starts its journey. but it becomes going to be some. kind of like i said. it runs 300 kilometers from solar system out and there are $200.00 industrial facilities range the only spending. i'm out on your muscle. to do 3 things. i might get out of them and to be in. the room here again scuba 4000 rice fields and supplies drinking water to 25000000 people. that's a moot point yes i. want to so many of us about us tonight but. what is it calling the coin is magic the new type of digital currency the c

now china needs to stem that flow once that industry goes to southeast asia it's gone for good it's never coming back to china and chinese leaders are aware of this i mean the clock is ticking on china yes trump has a clock ticking for you know a year and a half till the next elections but i think china's clock is ticking much much faster than that ok well professor backbones we have to take a very short break now but we'll be back in just a few moments stay tuned. there's an petersburg international economic forum is a unique event in today's business world. over the last 21 he is the forum has become a leading global platform for discussing the key. in russia emerging markets the world thousands of business community members are. using bottle issues. special forum coverage. we are not shy to talk about. chinese navy blue water navy actually we have but it's clear that i need a century they will be developed hopefully. the military. would even. the clause the chinese navy. is a tense situation in venezuela is still all over the news the problem in venezuela is not that sociali

southeast asia was shielded from the escalating trade war between the u.s.saying asean will be a safe haven with the plan to use digital technology and ai to expand in the region and not do so with acquisitions. over hong kong vendors and use them as a gateway to china. biggest trading houses on wall street are warning of a slump, citigroup joining jp morgan chase in reporting at downturn. the ceo says the trade war, brexit, and iran tensions way on market sentiment. jamie dimon said trading revenue was down, 5% so far this quarter. topmberg has been told that doj officials one t-mobile and sprint to lay the groundwork for a new wireless carrier with its own network as a condition to clearing the merger. anti-sourceays the chief has not been persuaded this merger would create a stronger market. he still wants for major carriers. -- four major carriers. thes get over to david at sohn conference, talking stocks here. cannabis, natural high, if you will. we are talking about the space. --next guest just executive exited the position he had. he is here with his

surrounded by high walls on the southwestern outskirts of doha 40000 workers live here mostly from southeast asia. we're not allowed to speak to those who leave here after criticism of workplace deaths starvation wages and squalid accommodation qatar's government is now trying to improve its image. of artists that i think thanks to reform strategies and new labor laws we've made qatar an attractive destination for qualified workers from all over the world that was our goal. and sally. qatar wants to shine and set a new benchmark for the 2022 feet for world cup 7 brand new stadiums are planned one is already completed fascinating designs in the desert sand high tech features and smart cooling systems. this one at a cost of 600000000 euros the social gap however remains dizzying in the richest state in the world workers at the stadium putting up to 10 hours a day 6 days a week. the medical care is free they say also food and internet but is that enough we're allowed to speak to selected workers in the interpreter is also their boss the answers are hardly expansive how would you describe the working

they have been looking at europe, latin america, southeast asia.ertainly, if they cannot rely on google and google software, that could cripple their business outside of china. emily: we recently got word that the u.s. commerce department changed the rules a little bit, and of course, the situation is changing by the minute. they could go easier on huawei and that would affect suppliers who have cut while way off -- wei off.y -- cut hua mark: there is a broader political conversation, but the core technology, whether the component side in googles hayes, software or services are being used as a bargaining -- google's case, software or services are being used as a bargaining chip. policy is really shaping the way these companies do global business. we have seen europeans saying they will keep up supplies. how well has the trump administration fought this battle against huawei? mark: it's the first pass. china has been working for years to become what they call silicon independent. u.s.ow, we see that companies and chinese companies are very codepende

they can move to other countries like in southeast asia and latin america.back to china. they cannot risk this. david: david: that is eventually -- david: that is eventually. in the meantime, what will be the damage to the tech sector? james: the tech sector will suffer across the board. i think it is going to be felt. the real goal is to pick the companies that are not the direct losers from the trade escalation. when you see that, it is the companies it will -- companies that will continue to lower-cost for consumers and continue to show capital efficiencies, companies like amazon, basically the faangs except apple. devaluations are really high. i think a correction, which can happen if this keeps going, can open up a lot of opportunities because a lot of devaluations have gone a little too lofty. david: you are pretty confident the chinese government will have to give in and the end. they also have a lot of flexibility in the way the government works to keep their economy going and redirect some of the supply chains. we are not as nimble. james: sure. thi

on to a radically different kind of preservation of culture and custom if you've ever visited southeast asia you would have tried the food which you can buy at small stalls and one of the most famous places offering street food or hawker fare as it's known is singapore so much so that the country wants it recognized by the united nations as its special cultural contribution now running a hocker stall is tough work and it's something younger people seem increasingly unwilling to do here's one young woman trying to keep the tradition going. when leverage funk start today many late night revellers have only just left it's two thirty am you know parents run a food stall at the hawk a center a market hole for street food. singapore posts around six thousand talkers there are a treasured national icon but among them thirty four year old levy is an anomaly most cooks here and nearing retirement. want to share your response so it's really rare to see young generations feel the. least specialty is prone noodle soup it takes almost four hours to prepare the recipe as a family secret grandfather brough

you are lifted on you easy to teach them seen there were young if for centuries elephants in southeast asia we used for transport in the timber industry until logging was banned in the region 30 years ago. with thousands of captive elephants out of work their owners turn to tourism. elephant tourism is now a lucrative business but one that is lightly regulated. nina ortman brass is a biologist she advises camps on how to ensure that entertaining tourists isn't detrimental to elephant wellbeing. and good welfare can easily be done in a writing camp if you provide the elephant with a enough food enough water enough rest and and otherwise we find discomfort also. the biologist is pleased with the camp's general conditions the elephants seem to be in good shape she says but she admits that she often runs into secrecy just like today when asked about the specific methods of training young elephants the camp veterinarian becomes rather tight lipped. and often cannot call for have with us their views the us and he. has. on the internet it's possible to find videos of a torturous ritual designed to

the fight goes on these brands have been busy the busying themselves expanding in south east southeast asia here as well as in europe no other to enter other top android smartphone makers like sony l.g. and even motorola may be out for the release we even hear of a comeback from ericsson and nokia have an interesting one. for us. thank you very much. well rages on europe is trumpeting its ambitions to become a leader in key technologies artificial intelligence has won the chinese have got the upper hand there and truth be told the e.u. legs way behind critics say brussels has no one else to blame except for itself reports larger networks faster speeds new calls for regulation the next parliament has its work cut out for it when it comes to digital transformation but more than cables and hardware a new mindset is needed that's according to professor christophe my no he said of the hasso plattner institute in potsdam germany which educates students in i.t.v. and has designed cloud schooling and health records projects in germany and the us my now believes europe is too concerned with technolo

where exactly in southeast asia? >> we are focused on hong kong. that's why we are here. we are talking. it'su look at hong kong, the most levered financial system in south asia. it has private sector credit of 300% where the u.s. and japan are about 150. it has banking system assets almost 10 times gdp. you remember in the european financial crisis, we had ireland, iceland, cyprus and greece. the reason those systems had so much trouble as they allowed their banking systems to be many times there gdp. so hong kong is at this point where they have the most expensive real estate in the world. they have the most leverage of any developed economy in the world and they are running out of dollars. if you were an investor in hong kong and converting to the u.s. dollar was free and if you earn another 80 basis points converting the u.s. dollars, you would be a fool not to do it. question on the bloomberg. when do you anticipate getting back involved with the hong kong dollar taking positions there and also with the cnh as well? >> in hong kong dollar, we never left. in cnh, here

evidence to show that companies, not just american ones, are moving out of china into other parts of southeast asiahow china hurts. these countries are no longer doing business in china but there is a substantial amount of pain that american companies and now american consumers will have to face because of these tariffs put in place by president trump. i'm looking for a silver lining. at least these talks are not off completely. that's a great way to put it. the fact these talks are continuing, another statement we suspect, later on friday, but the fact remains this is a very serious escalation of the trade tensions between the two sides ofan hourto trade tensions between the two sides of an hour to leave ——at least, it looks like the trade war is back up. now let's brief you on some other business stories. brazilian mining giant vale lost $1.64 billion in the first three months of the year — as it struggled with the aftermath of one of the countries worst mining disasters. the company has had to shut down mines and pay compensation after a dam at brumadinho collapsed in late january, unleashing a

sharia law fully came into force in the country last month making brunei the only country in southeast asia to have sharia law at the national level the move had spot international outrage including from the united nations. and brunei's backtrack has been noted on social media by rights activists but many say the so found announcement is not enough jack di treated this this is a part of activism thank you so much to every single person who signed petitions attended protests posted tweets people power does work now for decriminalization but demand for more action from human rights watch deputy should direct the federal courts and said more pressure is needed the entire shari'a criminal law should be scrapped because it's a rights abusing monstrosity reminiscent of a medieval yesterday that has no place in the modern age you'll remember many celebrities indorsed the boycott of brunei own properties to protest the death penalty law among them the pull out in los angeles once frequented by lisa vanderpump from the real housewives of beverly hills how to eat today o.-m. g. brunei will not enforc

in southeast asia flooding is driving people from their homes. in africa it's the devastating drought. cameroon is suffering as is neighboring chad. lake chad which lent its name to the entire region is the only natural source of water in the area. researchers from the international organization for migration have come to the region surrounding lake chad to investigate the connection between climate change and the rise of climate migration. mashal remove the low of the un migration organisation has spent years in this a hill region every encounter and every conversation adds another layer of detail to his preliminary findings. today the real and his team are visiting a camp for displaced people near lake chad. under the shadow of a nearly barren tree he speaks with mohammad ybor him the head of the family. came tells maria low he is a herder the family suffered a terrible ordeal before finally arriving at lake chad it was heat and lack of water that drove him from their home. climate change has a huge impact on us herders if there's no rain no pl