Iran sanctions on iran more and more International Businesses of fleeing the country leaving the economy in freefall. Path and flying high keep your seat belts on it could be turbulence ahead the warning to investors from Cathay Pacific. I mean physical and thats the Business Global trade tensions of sparking central bank is into action rate cuts in a whole host of asian economies this wednesday the moves are also based on poor Economic Data the latest coming from europes economic powerhouse germany where Industrial Production fell back in june german industrial leaders say Companies Must price themselves. India cut its Benchmark Rate by 35 basis points a bit deeper than expected and it wasnt the only country surprising investors on wednesday Thailand Central Bank unexpectedly lowered rates for the 1st time in 4 years and new zealand cut by 50 basis points to its lowest level ever one percent
new zealand is a Major Trading partner of china where purchases have slowed and a trade war with the u. S. Is taking its toll. Still the move caught investors off guard sending the new Zealand Dollar falling 2 percent. South koreas central bank has meanwhile said it stands ready to cut rates if needed. Cutting Interest Rates makes money cheaper to borrow ideally sending more of it circulating through the economy and boosting stagnant markets. But some analysts worry that cutting rates now to curb a Slowdown Leave Central Banks too little space to act in the event of a real economic crisis. But nations here want to get ahead of the next recession and theyre following the lead of other Central Banks most notably the federal reserve. Looming over everything is that trade war between the u. S. And china a conflict that shows little signs of abating. Despite that trade border u. S. China and dozens of nations have signed
a Landmark Mediation Treaty In Singapore the treaty of those parties involved in International Commercial disputes to carry out mediated settlements in their own courts and have a new that was not previously available in cross border disputes singapores Prime Minister says although multilateralism is under pressure the solution is to improve it not abandon it. Experts say female leaders boost the bottom line that companies could add to Global Growth and its so much easier to set up your own business in this digital age so why is founding still a mans game here in germany in particular if you take a look at the numbers they were Getting Better if not very slowly around the turn of the century women had found it just over a 3rd of companies registered in germany and since then that number has crept up to around 40 percent of germanys Tech Startup Scene is a lot of only around 15 percent of innovative firms founded by women in france its
a bit better 20 percent in poland the best in the e. U. 24 percent difficulties catching the eye of Venture Capitalists is one of the main complaints with their folks martin is on the Executive Board at the Business Software maker s. H. P. And tell me a lot about breaking through the Glass Ceiling but 1st of all tell me whats wrong with brothers text autopsy well look you know i think that when we look at the opportunity here it the opportunity is really to bring diversity which essentially brings innovation into that Startup Community and i think women in particular encounter some challenges and sometimes its an unconscious bias in the narrative women tell us that they dont have role models in the Tech Startup Area they tell us that they arent able to find mentors and the narrative is with men how are you going to win and with women are you going to prevent yourself losing. And then as you said earlier you can see that reflected in how Venture Capital is allocated you
know what is the problem is it is it still a boys club amongst these Venture Capitalists i think its a multifaceted issue ben and i think it stems all of the way back to education and the uptake of Stem Subjects specifically relating to high Tech Startups for young women so its a multifaceted problem all the way through starting with education how are you trying to change Siri Question thank you but i question what were trying to change things using our Startup Accelerator called a safe. And we have a program in that called beyond boundaries we announced it in january 2900. 00 and the idea if for us is 223200. 00 off our start ups will be startups that represent inclusive entrepreneurship so entrepreneurs that represent underrepresented minorities today weve already off to a tremendous start we did launched in january weve 21. 00 startups right now and 18 percent of our addressable funds are already going to those startups compared to
10 percent in the v. C. Community give me some of the ideas that were going to come well look its incredible the range of ideas were going from education to hiring to managing the chains on Product Provenance to actually managing Supply Chains we have women whove joined us today and go to and from egypt from malaysia who flown into this except a writer so the breath of ideas is incredible it sounds very international what what is does europe compare them to say asia youve worked in asia as well is there are sins of change there i know some countries like japan are struggling to get women well i think you know asia is of course not a homogeneous environment and every culture is very different to japan as you rightly point out has struggled to get women into the into the workforce but china on the other hand has a very strong representation of women i think heading back from the time when women were seen to hold up. Off the sky so what would you say to women trying to set up
a company or set up a tech start up i think to recognize that their absolute we are opportunities to be successful that there are programs like a Safe Peace Iow program that will support you that there are mentors available and if you have a great idea you must be tenacious in pursuing it what made you so to nations what made me so its an ace oh my gosh i guess just the opportunity that i could see with the role that i have the privilege to have to make a difference a day i thank you very much for coming thank you so much ben a year ago you with sanctions on iran over its Nuclear Program were reintroduced now the economy is in freefall many Foreign Companies are pulling the plug on their operations there once upon a time Doing Business in iran was reasonably straightforward now Foreign Companies operating there are finding themselves course off in political strife of the 120. 00 german firms the had a presence in the country hof have not pulled
a fearful of angering the United States if they stay. European businesses that want to keep trading with iran without infringing u. S. Sanctions can do so by using a specially created instrument called insects but take up is not widespread and the reintroduction of u. S. Sanctions hasnt only damaged business ties its all but eroded irans most important source of revenue oil. Back in March Of 2018 iran was exporting some 2800000 barrels of oil a day just over a year later the figure has halved and alice now say its close to 0. The International Monetary fund expects the iranian economy to shrink by 6 percent this year the turmoil has even prompted the government into a drastic move its a forward zeros on the value of the real in order to curb inflation. So this could have a bad impact on our lives it makes me think about how valuable those zeros one swerves
it changes the value in our minds my money is now so devalued that i dont see it as worth much. As inflation continues to soar and many of rain ians are struggling to afford basics like food and medicine unemployment too especially among young people is on the rise. As i can see not only chairman and not all European Companies have left the country and yet. Are not all have lost interest in market though they try to stick to this market but it has become much more complicated and much more costly especially with regard to that and financial transfers are the hardest part of a. Of
a time there Hong Kong Based Cathay Pacific says unrest in the Financial Hub has hit bookings its also wired about trade tensions the airline is warning shareholders to buckle up after a smooth flight through the 1st half of the year. Hong kongs flagship carrier Cathay Pacific was flying high in the 1st half of this year the airline reported earnings of 172000000. 00 u. S. Dollars in the 1st 6 months after notching up a loss in the same period last year. Good news for the asian carrier but cathay is still facing turbulence not least from the protests that have rocked hong kong for the past weeks. But. A general strike this week also calls chaos at the airport and grounded more than 160 flights some cut they stuff took part in the protests and one of the demonstrators arrested was reportedly a cop a pacific pilot. Chairman John Sloths Are said
the unrest was affecting Cathay Pacific business. We have most recently seen a falloff in future bookings over the next few months particularly for Inbound Travel to hong kong. Its too early to make predictions with respect to the year and peak travel period the previous experience indicates the Travel Markets recover fairly quickly when everything settles down. Slow sard specs a better 2nd half our airlines normally perform better in the 2nd half of the year than in the 1st we dont expect this trend to change but we do foresee more volatility and an ever more challenging operating environment. Despite the impact of the protests sloths are said Cathay Pacific would continue to make significant investments in strengthening hong kong standing as asias Largest International aviation home. And a Systems Malfunction has forced British Airways through to play or canceled the
patches across the u. K. Thousands of passengers reported being unable to check in while others stuck on Ground Appliance immediate cause of the problem is not clear that there were Heathrow Gatwick and london city airports which i always which is owned by the International Airlines for says its offering customers free re bookings from thursday. They are up to date on all the business i seen you in very soon. As well and i still business with you. Songs are food we live in a world thats filled with plastic. Plastic garbage. The consequences for nature and the environment are catastrophic what can politicians and business of what can we do to fix this problem the world is drowning in plastic garbage. Made in germany in the 90 minutes w. The Womens World Cup america proclaims cup and the Africa Cup Of Nations was a season high cliffs up the ranks as a price down to nothing certain events come right around the corner the German Bundesliga is heating up and as always we are there to keep you updated with the latest on kickoff. Conversely the sun shining over 16 sheet
of. Glass because fighters want to start families to become farmers or engineers every one of them has a plan for your children. Summoning is the children who have already been the boy and those that will follow are part of a new process. They could be the future of. Granting opportunity global news that matters d. W. M. Made from minds. The quiet melody resilience of Michael White of the mood. Of repeat resonate within its soul. The mind and the music. To open 1st along 2019 from september 6th
to september 29th. This is you have been is coming to live from but then the Taliban Inflicts Small Carnage On Kabul several are dead in schools are injured in a bombing claimed by the militant group the attack comes despite promising in peace talks to protect civilians also coming up. Russias losing battle with massive wildfires is being called a Climate Catastrophe and prosecutors believe some of the fires were started
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