Google deals a blow to huawei the chinese Smartphone Maker loses access to critical features of googles Android Operating System well hear what consumers have to say. Also on the show start ups try cutting in on the highly competitive razor blade industry. And bangladesh wants foreign inspectors out of its clothing factories well tell you what the countrys Supreme Court says. Welcome to your business im Stephen Beardsley in berlin thanks for joining us google has barred the worlds 2nd largest Smartphone Maker huawei from using many of its products its a big blow to the Chinese Company last week the Tropic Ministration limited the amount of business American Companies can do with while away googles move means while we now loses its license for the Android Operating System and for popular google apps such as google play g. Mail and you tube. There is dismay in europe at the news that many google services
will no longer be available on who are with smartphones in rome businessman argue opera philly has lost faith in the chinese manufacturer but you know then you know i was very much get angry at huawei who sold me something that doogal doesnt recognize anymore i will send it back via registered mail. With. The Us Government has added the Chinese Company to a Trade Blacklist which munich resident he finds hard to accept any of us wouldnt you clearly know this sort of thing is unacceptable its again the customer that has to suffer because of some argument the americans have with Chinese Companies i think its totally unjustified and its a wonder they staged back in beijing Chinese Foreign Ministry Spokesman lou kang said the Chinese Government would defend chinese interests in the face of the decision. China will confirm this and will look into it and Pay Attention to it and at the same time china supports Chinese Companies to use legal weapons to defend
their legitimate rights. Washington is also blocking u. S. Technology firms from providing microchips to while away but the company says it has many supplies in stock. The u. S. Government considers who out with a National Security threat it has already found who are with parents in the building of americas 5 g. Internet data network and is stepping up pressure on several european allies to do the same. And lets go elsewhere financial correspondent in new york jose luis to hot oh whos at the markets have taken this wow it is pretty hard havent they it is a i mean its important Sense Investors see the Current Situation not only as a wakeup call for who are away but also Technology Call cold war will have consequences for both the chinese and u. S. Tech companies but also for all the cheap makers on providers that case up in Fenian Technologies especially consumers that worldwide as the u. S. And Department Of Commerce reviews the entities least at risk to choose a new or way most to companies and not only cheap manufacturers are feeling to heed tensions increase so does the probability of rich and googles and all the recent decision good heat hard on who weighs as more from business so does it not having to regular providers something that could Delay Development of 5 g. Networks but that does situation escalates all the companies such as awful who have a very hard time in the chinese market. It has they have to ask you about shares in the german lender hitting an all time low on monday after an analyst for u. B. S. Downgraded Profit Projections meanwhile the New York Times reported that the bank ignored Employee Alerts on past transactions connected to entities controlled by donald trump and his son in law cushion are raising more concerns about the banks safeguards against Money Laundering linder denies reports. Back to jose does
this mean. I should ask is running out of time to turn things around basically shares falling once again. So stephen theyre the reason urgent need for a turnaround either by a merger deep or cost cuts or as some point point out Investment Bank operations the commerzbank negotiations collapse a few names it could make sense that to pursue a merger we need to keep in mind that Deutsche Bank is already Too Big To Fail entity with Systemic Risk also the reason reputed asian no problem related to some of situations and ask for now it seems that their plan is to achieve a Cost Cutting Targets and take some measures to protect a downgrade of its Credit Rating or it was a lose tomorrow keeping an eye on things in the u. S. Thank you jose and staying in the u. S. Automaker ford is cutting some 7000. 00 white collar jobs roughly 10 percent of its
global workforce the move is part of a major restructuring that the company says will save 600000000. 00 annually and streamline its operations about of a 3rd of the layoffs will will be in the u. S. Forces also cutting jobs across europe as part of a separate plan to turn around its business there including 5000. 00 positions in germany. And lets look at some of the other Business Stories making news. The chairman of the Us Federal Communications Commission Said bill backed the 26000000000. 00 merger of sprint and germanys t. Mobile sending shares of both firms upward pis said the merger would approve build out of 5 g. Wireless networks across the country the f. C. C. Will give its formal verdict to the merger next month the Us Justice Department also has to approve the deal. Ryanair has posted a 29 percent drop in annual profit Budget Airline blames higher fuel costs cabin crew strikes and fears competition is says its also affected by the grounding of
boeing 737. 00 max which is considered a very fuel efficient plane. One in 5 International Companies is being forced into Technology Transfers in exchange for access to Chinese Markets thats according to a survey by the e. U. Chamber of commerce in beijing cutting edge European Companies are strongly affected carmakers pharmaceuticals and chemical firms all saying theyve had to pass on Data Software and construction plans. And the Morning Shave is big business for the Razor Blade Industry Consumers worldwide forked out 3 and a half 1000000000. 00 on blades last year but the Traditional Market giants gillette and wilkinson are now facing new rivals including u. S. Based harries that offer competitive quality blades at a reasonable price kerry says bought a 100 year old Razor Blade Maker in eastern germany. Razor blades are touring in speciality still very much
a question of manual work even as machines turn out thousands of blades a day some of the people here belong to a 4th generation of workers and theyve mastered the cathedral finish barely visible to the naked eye it makes the blade exceptionally sharp as managing director michelle her timer explains. The set a very old grinding technique which means a lot of people know it the art however is in repeating it mechanically millions of times a day in consistently high quality few minute factors can do that word of that spread in 2014 u. S. Startup parries bought the small ice field based company for 100000000. 00 its pumped another 50000000. 00 into new Production Machinery since their. Jobs were created offices modernised all with the aim of taking market share from the established brands. A short Video Conference with harrys new
york team Andy Katz Mayfield is one of the 2 u. S. Bosses. He was convinced he could break into the u. S. Market with his high quality but low priced blades from eastern germany. Back sure how it is process you know theyre the fundamental product is me someone similarly buy it on our factory is doing this for a 100 years the competition watched uneasily for a few years as harrys advice failed cut into its business. Then the owner of the ship and wilkinson saw bronze age will stroke buying up perrys at the beginning of may for almost 1400000000. 00. Over age and l. Bangladesh wants them out but our court has ruled that Factory Inspectors from abroad will stay in the country another year its been 6 years since the run up plaza collapse one of the worlds worst industrial disasters inspectors say they
need more time to get safety up to scratch at the countrys 4 and a half 1000 factories the majority of them making clothing for the west. For a begum was inside the rana plaza factory when it collapsed in 2013 she was left with a crust 1st which still causes her pain she received less than 4000. 00 in compensation a sum she says wasnt even enough to cover her medical bills along with many other victims she believes the government response to the disaster has been a failure. Or a group rather i want the government to compensate me none of the workers were adequately compensated they fucked us off with small change what happened to all the money from abroad we need that money we want run out to be brought to justice. But compensation was only one issue to arise after the disaster the accident also
put a spotlight on poor Safety Conditions in Garment Factories across the country under an agreement known simply as the accords a team of International Safety inspectors were brought in to monitor standards in bangladeshi Garment Factories when their 5 year term was up last year the government asked them to leave that sparked an outcry with critics maintaining that the government was not equipped to carry out its own inspections the accord does not think that this Government Entity is is fully prepared at this time. To adequately regulate safety and we are working intensively with and in support of them so that they can achieve that in the quickest time possible the ruling from bangladeshs top court means the accord that inspections will continue for another year the hope is that this will help avoid another disaster like that which turned for becomes life upside down. And thats it for me in the business
team you can find out more about these and other stories online at Dot Com Slash Business or on facebook and twitter as always thanks for watching. My 1st boss take the Sewing Machine. I come from women are almost by this ocean for. Something as simple as learning home to write them by side isnt. Since i was a little girl i wanted to add up by saying hello my home and he took me as the one i. Finally gave up and mentioned buying young lives like that but returned because Sewing Machine sewing i suppose was more Apt Procreates for those than Writing Advice and knowledge i was in need of those moments back home for bones by then and social rules and informed them of old dead basic rights my name is the amount of the home and they were born into. Her 1st day in school in the jungle. Her 1st Climbing Lesson from the doors grand
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