Alfonso Cuaron Signs Deal With Apple to Create New Series | THR News

Oscar winner, Alfonso Cuarón is making big moves in the TV world. Following a competitive process
of multiple outlets bidding, Cuarón has signed an
overall deal with Apple. Under the terms of the multiple year pact, he will create and develop
new television projects exclusively for Apple’s
forthcoming TV plus. The deal could be considered
a big win for Apple. Especially after Cuarón
delivered a hit for Netflix in the form of “Roma.” Cuarón, of course, wrote,
directed, and produced the film that was nominated for multiple oscars including best picture. (soulful music) As part of the new pact,
Cuarón will still maintain his nonexclusive deal
with Anonymous Content, and will partner with
them on select projects, while also continuing to
produce other projects with different collaborators. The “Gravity,” “Children
of Men,” and “Harry Potter” grad becomes the latest
A-lister to sign a content deal with Apple. Apple TV Plus launches November 1st with original “See,”
“Dickinson,” “For All Mankind,” and “The Morning Show.” – Ahhh! – Ahhh! – You walk out that door, you
are never gonna get back in. – For more on this story, head to Until next time with The
Hollywood Reporter news, I’m Tiffany Taylor.

Access Bank CEO: ‘Doing business responsibly and sustainably is the only way’ | World Finance

World Finance: When you created Access Bank,
your ambition was to create the most respected bank in Africa… Herbert Wigwe: Absolutely. World Finance: …financial inclusion, sustainability,
obviously extremely important for that; tell me about your sustainability goals. Herbert Wigwe: I think for us, sustainability
is a very important part of our business. Issues that have to do with people, planet
and profits – very, very important. So we – together with the Central Bank of
Nigeria, several years ago – launched the Nigerian Sustainability Banking Principles. And I think for several years we have been
at the lead of it. Things that have to do with gender balance;
we started supporting female entrepreneurs, we introduced things like the maternal healthcare
scheme – things which are not very normal, in the context of the continent. But apart from that, I think the most recent
aspect – which gives us a lot of pride – is the fact that we launched a green bond. And that green bond is Climate Bond Initiative
certified – it’s the first in the continent. And the more we do these things, the more
we think other corporates will take a lead – and therefore lift up the continent as
far as sustainability is concerned. And I think if you keep us side-by-side, most
institutions in the continent and world over, I think we’re exactly where we want to be. World Finance: As you say, supporting women
has always been very important to Access Bank – how has that evolved over time? Herbert Wigwe: When we first started this
whole initiative, we initially thought about supporting women financially: professional
women, women who were entrepreneurial. And we said, we wanted to take 20 women from
zero in terms of turnover, to NGN 1bn in terms of turnover, over five years. And over the five years – you know, from
2006-11 – I think we did very well. But we then went and sat back and said, look. This whole thing about gender support can
be done differently. There’s so much more apart from finance that
we need to give. Finance is important, but it’s not everything. So we emerged into what we referred to as
the Access Women Network. This was about creating a forum where we inspire,
connect, and empower women. We created portals through which women could
be supportive of themselves. We created portals where we could support
women – for instance, if you needed an accountant, you could get an accountant to look at your
books at rates that were subsidised. Because for a lot of them who were becoming
entrepreneurial, they needed to be taught a bit more in terms of the basic things around
accounting, and all of that. And then we deepened our capacity-building
as far as this was concerned. So twice a year we would take women and train
them. For those who are at the beginning, early
stages of their business, support them from a capacity-building standpoint. For those who were a more mature level, teach
them about issues around succession planning for their businesses. So that was what Access Women Network was
built around. And I think today it’s got to a mature stage. We have tens of thousands of women who are
part of that network. They meet at different points of time in the
year, discussing the typical issues that their gender has to deal with. World Finance: How does your mission inform
what you do? Both in terms of the services that you’re
offering to your customers, and also across the continent – working across borders and
building your brand? Herbert Wigwe: Our mission is very simple: it’s setting standards for sustainable business practices. Unleash the talents of employees. Deliver superior value to our customers. And provide innovative solutions to the market
and communities we serve. And what that does, simply, is to say: we
will do business, but we will do business responsibly. We will do it sustainably. And it’s something we have been celebrated
world over for, and we remain extremely proud of it. So it may not be the most profitable thing
in the short term – defined in strict financial terms. But in the larger sense, and looking at it
over time, doing business responsibly and sustainably is the only way to live. Thanks for watching. Click now to find out how Access Bank’s
corporate governance has evolved since its merger with Diamond Bank. Learn more at, and please
subscribe for the latest international business insights from

Working With Galileo

Galileo is a camp where we’re trying to create fearless innovators. A place that’s silly and goofy and really an environment where any type of kid can thrive. As humans, we have to fundamentally decide every single day, “How are we gonna spend our time?” “How are we gonna spend our careers?” When I found Galileo, I was over the moon to have found such an incredible camp, where I still had the opportunity to work with kids, as well as getting to further myself as an educator. When I see the level of heart and commitment and, frankly, just the sheer talent of the people who join us to work with kids every year, it makes me feel proud. I am just blown away on a daily basis by seeing how much people bring to this. The thing that I love the most about the staff at Galileo is we’re all different, and we’re all unique. But there’s just something, and I can’t – I don’t know what it is or what to call it – but there’s something that we all share. If you have a passion for working with kids, and if you have a passion for education, this is the place for you – hands down. Galileo has a lot of different roles, it’s not all just directly working with children. Galileo has these goals and these mindsets, but I’ve never seen them actually embodied in a company ever before like they are in Galileo. It is an exciting time to be part of Galileo. An amazing staffer at Galileo is someone who is just willing to be their authentic self, all day long. You bring who you are, and it just adds to the gumbo of all these different ingredients, all these different experiences. It’s incredible. I don’t know where else you can work and come home covered in paint and crazy costumes and super tired, but you feel so energized at the same time, because you’ve done so many fun things all day and you’ve seen so many incredible moments. Galileo’s mission is to develop innovators
who envision and create a better world, and that is not just limited to the kids that we work with. We want every single one of the people who join us to grow as innovators themselves. Being a Galilean means that I am devoted to making the world a better place. I am excited to work with children, excited to give young people a place to grow. People that work with us year after year see kids transforming. We’ve had the chance to work with thousands
of people over the years on our staff, and one of the things that makes me most proud is to see where they’re taking this experience and how they’re leveraging it to impact the world in a really huge way. I think some parents look at us and they’re like, “Gosh! I wish I could work here, this looks like so much fun!” I’m like, “Yes, this is the best job ever!” and [laughs] send them on their way to their office! [laughs] Being a member of Galileo, I kind of always go back to some sort of phrasing around family, because that’s really what it feels like. Feels like somewhere where you belong. You are Galilean until you can’t “Galilei” anymore, if that even makes any sense.

Day at Work: Roboticist

My name is Marek Michalowski, and I’m a co-founder of BeatBots. BeatBots is in the business of creating generally small, cute robotic characters for interaction with children. We got our start with the robot called Keepon, that was designed by my partner in Japan, Dr. Hideki Kozima, for autism therapy. So, the robot has cameras in its eyes, a microphone in its nose, and it allows the therapist who’s controlling the robot
from another room to engage with children through a simpler
body. As an undergraduate, I studied computer science and psychology. When I went to graduate school, I became interested in robotics, and the idea that intelligence really only
means something if it’s embodied in the world. I saw a parallel
between the computers that I had been very
interested in growing up, and everything I was learning
about the human brain. All the classes in literature, and
history, and philosophy, certainly are important in making
sure that the technology I build, even though it might work well, that it can also
be appreciated by people in an aesthetic sense. Here at BeatBots, we have a a few designers
and engineers who are engaged in a number of different kinds of activity. “Yeah, so I have the other ones actually ready to go.” “Okay.” “This is just the same model, but…” “…um… it’s just moving around more.” I’m very often using my programming skills. I’m also using computer-aided design
skills that I’ve taught myself or over the last few years — and then, just knowledge of the tools in the machine shop — metalworking, to woodworking, using a
laser cutter, vinyl cutter, sewing machines. Any child will remember when they were an
even younger child and it was fun to make things. But I would say that the most rewarding
thing is actually bringing these robots out into the world, and
seeing children’s reaction to these robotic
characters is what makes this all very important, and real,
and worthwhile for me.

Warehouse tour leads to Amazon career

– We’ll get started in just a few minutes. Head out the door there. The very first Amazon Fulfillment Center opened up in Washington in the 1990s. Figuring out, within seconds, the next step we have to do on our part. – I actually learned about
the tour from my wife. Ended up coming down here and just getting to experience
what Amazon is actually like. My first impression of this place was just that it was massive and huge. Just amazing. – We employ over 2,500
full-time employees. – I thought, this was a
place I could enjoy working. After the tour, I went straight home, applied for a direct hire
position, and now I work here. I’m Craig McCormick, and I’m
an area manager for Amazon. I’ve worked here for
just under four years. The working conditions
for Amazon are very good. The benefits are great,
the pay is competitive. We focus on safety. Hard work can be a lot of fun. I enjoy thinking outside the
box and figuring out problems. And that’s all based on
what the customer needs. That ability to learn new things, new processes, new technology. There’s always the opportunity to move up. I do see a future for myself at Amazon. – Here we go. – If I ever come across
somebody that says, “Hey, that’d be interesting
to do an Amazon tour,” I encourage them to go look at it.

Trading Against the Tide

>>Excellency , ladies and gent woman , this is one of the most unexpected sessions we
have and I do not want to pre-empt the
discussions. The reason I’m taking the
floor is to express some thanks first some
thanks 1st to you , secretary Ross , having come here at a very critical
moment , and I should also say and thank you for your
great friendship with the World Economic Forum
and personally since many, many years
and I also would like to thank
particularly the Minister of commerce
and industry and railways of India for the
cooperation we have established with
the government and after 35 years , usually it was a Confederation of
Indian industry World Economic Forum, but now we have the
two partners well established plus
very important , the government of India , and finally , I would also like to use the
opportunity to thank the President of the
Federation of Indian industries . I think a marriage that lasts for 35 years has become seldom in our world , but we could celebrate
the 35 years , and I think we will be
still able to celebrate the 50 years , the Golden Jubilee , in 15 years from now, so I leave it to you,
our most capable moderator. (Applause)>>Hello and welcome . For two countries seen
as natural strategic allies India and the
United States have recently been having a
torrid time in trying to resolve bilateral
trade disputes. The atmospherics and the
photo opportunity is fantastic but so far
that has not translated into surging trade between the world’s two
largest democracies. What is holding back
the US trade ties ? How can both benefit
from the churn in the dynamics of global trade? Will both countries ride
the trade wave as partners in arms or will Mitchell trust and suspicion mar what could
potentially be the greatest relationship
of the 21st-century? It makes the session at
the India economics Erik — summit so important
and reported and delighted to be joined by the
principal players in the joint trade ties between
our countries. — Mutual. I want to welcome one of
the sharpest economic voices in the Indian
government, the highly dynamic Indian Minister
of commerce and industry, the
blue-eyed boy . can we have a round
of applause for Prime Minister? Piyush Goyal . With us is the
principle of the US administration , tightening
the fields of private equity and
has restructured it as it is over 400 as it is over
$400 billion. — Assets. I’m delighted to welcome Wilbur L Ross. For a corporate
perspective on trade relations we are joined
by the founder and chairman of one of
the world’s largest telecommunication
companies who provides mobile and broadband
services to over 400 million people in Africa
and South Asia. Can we have a round
of applause for Rahul Kanwal ? To give us a macro view , we have the President
of the Confederation of Indian industry, and
the vice-chairman of Toyota . Last but not least,
for a view from the neighbourhood I would
like to introduce the first elected female
President of the Bangladesh Garment
Manufacturers and exporters Association of
fighting business leader who stormed a
male only club. She believes strongly
Bangladesh has arrived. Ladies and gentlemen,
welcome managing director of the (unknown
term) group. Piyush Goyal , let me start by asking
you the huge anticipation there was
in the buildup to (unknown term) and then-President Trump meeting with India’s prime minister that
there would at least be a limited trade deal that would be announced. Everyone is waiting
for that trading. What happened?>>Thank you, Prof, for
your kind words and a warm welcome to all the
honourable ministers, all the delegates from around
the world, our Indian participants
and I do hope the discussions during this
Forum will be a forerunner to much
more engagement between all of us. Thank you for your
opening remarks . Some of them were completely
unaligned with reality. (Laughter) Sum will make the
same mistake I did a few days ago and I was taken to task by the media for a recent gas , but this audience did
not know it . g affe. It could also be
something like a torrid love affair. I think the relations
between the Indian government and the United
States government at the leaders level,
at our level and at the people
to people level are better than
ever before . The leaders get along very
well personally , but also understand
each other and understand what
is good for the two countries, for the people of the
two countries and for the world as a whole. For both these countries, the oldest and largest
democracy in the world , I think trade is one aspect of a multi dimensional
relationship , but a very important aspect. Trade . it is not as if
you’re going and buying a hotel or sorting
a bankruptcy that secretary Ross
would have to do. Trade has to consider
the past, present , future, political dynamics,
local issues , long-term issues, bilateral and
multilateral commitments, so I think it is
a very complex story, and in that complexity
we are having an absolutely wonderful
engagement. The ministerial
level . all of us get along very well, we understand our
imperatives are mutual imperatives , America is a very
powerful, big economy, but also a very
sensitive country . India has an important
role to play in the geopolitics of
this region . It is the largest
democracy in the world, country which offers the full , important (inaudible) . at huge demand from people aspiring to
better quality of life and decisive leadership. All these elements are
important to address the destiny of the
world, and India is going to be an
important player in the world’s growth engine. Trade between the US
and India is robust. I heard you say you did
not find surging trade. I think imports from the
US to India are growing by nearly 30% and
exports from India to the US growing by
nearly 20% in the last year. If that is not surging
trade, I yet have to see something surging
better than that, but that is only the
forerunner of bigger and better things to happen. We are at a reasonable
trade level. Certainly our potential
has not been reached . Both (unknown term) , 70 Ross — secretary Ross . And the way our talks
are progressing I do not see any reason
why we cannot do that in the
years to come. You mentioned high
expectations in Houston and New York. For your information,
the first time I was able to meet and
further the talks and progress the
talks actively was only on the Monday following (inaudible), so I don’t
know where this speculation of an
announcement in Houston, some outcome or a
limited trade deal you would talk about, and on the Tuesday
it came out . To my mind, as concern
ministered — ministers, we also have
a responsibility to keep the media busy. We were keeping
our busy — ourselves busy in the best interests of
both countries>>We see the handshakes, the
back rubs and the Bonymaen , but we also see no trade deal. They were saying they
were willing to accommodate US interests. We don’t have a limited
trade deal let alone a free trade agreement. What are the key
roadblocks and how far are we from being able
to address those successfully?>>Thank you for
convening this group. It looks like a very apt
audience we have here and I hope we will not
disappoint you as to contend, but neither
government said there I think that was
just speculation. We think there is
no structural reason why there cannot be one pretty quickly. We each know the others issues, we have for a while. Pre-election, there were undoubtedly
some constraints on India to deal with
those matters. Now that the election has come and gone and the Prime Minister has a clear, strong position in the parliament,
it should be easier to take decisive action. There is also a lot of confusion . What is the US position about trade deficits? We feel our deficit is too high. We intend to both increase total trade and reduce our trade deficit. To us, there are
three components of trade deficit. One is what I would call inevitable components
for some countries. Namely if a country
does not have oil or natural gas of its own locale, it has to import it . It is not the fault
of the exporting country which one you have the
deficit with. That is not the kind
of trade deficit that particularly bothers us. Similarly, where there is a
true comparative advantage, there will
be trade deficit in some product
or another. We also view that as more or less a blameless trade deficit. It is the third kind , which are the ones that arise mainly
because of artificial barriers , protectionist barriers that countries have thrown up. That is the one we are concerned with and determined to reduce. We think we will make
progress there will stop . I wanted to clarify we have a focused effort
in terms of trade deficit reduction. We also believe that by focusing mainly bilaterally, we can achieve faster results for all countries
involved. We made a deal
with Canada and Mexico . A very complex and big trade deal. By far the biggest the United States
has ever made. That only took about
15 months to be negotiated. Trade deals often take it , 10, 12 years. They take so long
that the issues are not even the same at the end as they were at
the beginning. We made a deal
with Korea. We renegotiated that
trade agreement in a few months. We have a fairly
broad agreement with Japan that was also done within
a few months. For an administration that some parties think is somehow anti-trade or antitrade deals , look at the record. We have a better record on getting things
done under the Trump administration
than any other country, in terms
of big deals.>>You speak of the trade
deficit with India. I want to show
you a data set on the screen
in the corner. It compares the trade
deficit the United States has with India versus China. There is a growing sense
in India that the Trump administration is being
harsh and unfair by comparing us with
other developed countries. It is on the
screen now. You see how the trade deficit with China
keeps burgeoning, whereas the trade
deficit with India is fairly low. The point the Minister
made was important. It has come down
by $3 billion since President
Trump began. It is coming down,
whereas the trade deficit with China
is going up. Yet somehow, both
are being treated in the same way.>>We can add and
subtract two. We are aware of the differences between the trade deficits , as between the
two countries. That is not
a revelation. The trade deficit with China is the biggest
single one. If you look at
our aggregate trade deficit, there
are two major components. One is a product line that is called
automotive. The other is geographic,
that is called China. We must deal with
those two components in a very decisive way if we are going
to have meaningful overall reduction. That does not mean we should not
be dealing with unfair practices,
even if they result in smaller
trade deficits with other countries. In addition, we believe that
most of the things we are requesting, particularly of India,
which not only help the US . We think a lot of them would help India itself. India has a wonderful
opportunity right now to take advantage of trade dissension elsewhere. When I’m meeting
with Minister Goyal a bit later, we have prepared a chart of the areas where China is a big exporter and how that compares with what India
is exporting to us. What are the possible
solutions to changing that? I do not want
you to think we are just focusing on deficit. We are also focusing
on total trade . What the world needs is more total trade . This recent forecast that world trade will be down to 1.2% this year is a very bad omen. Normally global trade has been growing at a percentage point or so more than world GBP D P . If it is true it will
only grow at around 1% , that does not speak
well for world GDP. That is a separate
concern.>>The Trump administration is complaining about
unfair practices. India’s average data for larger
economies is amongst the highest in the world. They also complain
about how India regulation can change. This happened when Amazon complained about new e-commerce
policies. This is not the way
American companies can’t function. It is a good opportunity
between what is happening between China
and the United states for India to capitalise on, but they need
certainty in policy.>>I do not know
where you found the complaints about
unfair trade practices. I don’t think so. There are issues on
which we can have a difference of opinion. It is good to have an engagement to
discuss it. But to my mind,
India has been one of the most benign
countries in terms of opening up rapidly and inviting
international participation. There will all be
certain political imperatives which every country
will have to respect and every
company will have to protect. In that sense, there
will be issues we will continue to engage with. Everything cannot be
sorted out in a couple of meetings. These issues have
several dimensions. Particularly e-commerce, for example. After I became minister
of commerce, I had extensive discussions
with all the e-commerce companies. They are publicly
and collectively and individually
confirmed to me in the December guidelines . There has been no change in India’s stand as far as
e-commerce is concerned. I am happy to share with all of you here so
that there is clarity on this issue. India is very clear , considering our
domestic political compulsion , having about 120 to 130 million
people dependent on
small retail. It is about 50 to 60
million small retail shops throughout
the country providing employment and opportunities to 120 million people. Which means affecting the lives of nearly half
the population of the country. This small retail is a
very sensitive subject. My party which
is in government today, and most
of India, is clear that we cannot
let small retail die. Therefore, we
have restricted foreign direct
investment in the retail sector at 49%. E-commerce is expected to be an
agnostic platform. It is a trading platform . The platform which provides
opportunities to buyers and sellers in an agnostic fashion . It is not expected to become a platform for predatory pricing. It is not expected
to become a platform to use the muscle power
of large capital and low value
being available . And maybe offer
discounts which puts small retail
out of business. We are very clear
about it. If the loopholes that
were sought to be clarified in December , all the companies
have confirmed that they have
understood this. I have repeated this on
more than one occasion. Please do not go to smart chartered
accountants or lawyers who misguide you and help you stay within
the letter of the law . But often they do not
help you recognise the spirit of the law. I’m trying to explain
to everybody that the spirit
of Indian law is protecting small retail. Every country
in the world would like to protect
the livelihoods of their people. In that spirit,
we welcome all e-commerce companies
to India to work as an agnostic platform for trading. Do not become the
principal player directly or indirectly . Or through structured
formats . Do not look at structures
which can fall within the law
but in some sense break the spirit
of the law. That is the clear
position of the government and
will remain so. We have been clear
about it for decades , as far as the parties
concerned. The e-commerce companies have understood me clearly on this subject. We have had this
dialogue so many times. India is very clear. We do not change
rules midway . You mentioned something
about regulations ranging. I can point
out instances of worldwide regulations changing
much more often than India. We provide a very stable
and predictable regulatory system. Where there are
concerns, we try to have a dialogue. There will be occasions
where urgent measures are required,
which every country does. The US does it. If there is something
affecting US agriculture, they will
put an action to protect it. They will certainly
bring in regulation to stop that issue. In that spirit, we believe everybody has policy space. That has not affected
our discussions on negotiations. They are progressing
in the same spirit of understanding.>>Are the imperatives
of domestic politics now at loggerheads with
expectations of trade? For example, the government’s
efforts to ensure all medical devices
are well priced. America is not happy
about that because suppliers believe this
is unfair pricing. How to be reconcile the differences between what the government requires for
politics and what the Trump administration
is asking?>>We understand the
political sensitivity of the small details — retail people , also farmers and
other groups. In the US, conventional
retailers have had a hard time. But we have made
the policy decision it is more important to
get the most efficient form of retail commerce . Ultimately, that is probably
a combination of e-commerce and bricks and mortar commerce. It is a question of how rapidly things change. If 100 years from now , India still has as
many small retailers as now, it will
have held back the growth of the
country immensely. I think it is a question
of proportionality and timing and balancing. There is another factor. E-commerce tends to result
in lower cost of retail product to the consumer. Any country that
has relatively low consumer incomes, such as India,
that is the flipside . To the degree that there
is a structural issue which forces Indian
consumers to pay more . There is a penalty
being absorbed by the whole population, not just those employed
in retail. We think India needs to manage and will manage
the managing balancing act between
these competing activities. As was reported in the press yesterday, Amazon was spending one third of what it
did the year before in capex . It probably would have spent
more in India if it did not feel there
was a reduction in growth due to some
of those policies. There was also that cost to India. But at the end
of the day , the Indian government
has to decide how they will balance
those equations. We are making the
advocacy point of view . We will continue to do so. As the diplomats
say, we will have frank and mature
discussions. would be a trade deal
in five minutes. That was not us.>>Secretary Ross, predatory pricing will not be acceptable. If below the
manufacturing price, it does affect the
Indian retailer.>>That is what
negotiations are about.>>How do we reconcile this
in your view between what the Indian
government needs for its domestic constituency and
the excrement — the expectations in
the trade sector?>>This is better held in the conference room.>>The particular
leadership in every country are first
and foremost bound and beholden
to their own people and have to
take those positions respectively. Today we have in
the US President and the commerce
secretary to businessmen . Perhaps this has never
happened before. That is a good thing and
not so great thing for some countries because
they can see the mistakes made in the past where probably people
didn’t understand trade , and I would therefore direct secretary Ross’s
attention to China when in 2007 , whatever he touched
was made in China , and we were surprised
how the US has for a long period allowed a
manufacturing industry of that size and scale to
develop in China at the cost of decimating
the US trade base. This has been going on
for decades to the benefit of China. We could participate in the same process , but today we have
two business leaders in a critical part , their focus is on
China, taking it head-on, making amends
but it seems at the same time there may be
misdirection towards India. Look at India .
Facebook, Google, WhatsApp, Instagram, these are large companies today . Each is dominant
in India . So very large amount
of economic value to these economies and
your talking about hundreds of billions of
dollars of market capital (inaudible) rest in the
people of India hope in your business calculation
you will take note of that and when you fight
for those stents or Harley-Davidson’s or
other issues, they are much too immaterial for
the larger partnership the US and India
can enjoy. As the Prime
Minister said , the oldest and largest
democracies deserve a stronger strategic
partnership and I would urge when
you talk to the Indian political leadership this
is one country that has opened up absolutely and freely
for foreign investment in almost every sector. The duties are
mainly in line with the WTO duties, a place where
we welcome all foreign investment and governments have opened
up to fast without having reciprocity of taking some benefits
back from the other side. In closing I would
also say many are invested in the US. We have genuinely a very
warm welcome in the US for businesses. Your nation is rising. Dramatically, duties on good shape,
taxes are in good shape but you are also the
world power and you have some duties and of
— obligations, and we are nowhere
close to being a developing nation. We are an emerging market
in a developing nation and we need more
understanding from yourselves.. (Applause)>>I agree with
quite of the view of the points you made — a few. We do not blame China for the imbalance altogether . A lot of it, maybe
most of it , is due to incorrect
policies by prior American administrations, but the fact is we
are where we are and those policies are
no longer our policies, number one. Number two, our
issues with China are not just day-to-day trade . We have some very
serious structural issues with them
relating to technology transfer , relating to respect for
intellectual property , state-owned enterprise , and if we just focus on
trade we could have had a deal to .5 years ago, so it is a misconception
to say the issues are the same. They are not the same. There is a big,
complicated thing that requires structural
reform in China if we are to get to reasonable balance. The other thing . sure, there
is a trade-off , but Amazon and the other e-commerce
companies did not get to be
the world’s biggest by any evil mechanism. They got there because they are
extremely efficient , extremely effective
at what they do , and the question is for a country
like India, how do you balance those
economic benefit for your population
as a whole versus the let’s say special
interests of the retail segment or of domestic competitors? That is the balancing
act our discussions hopefully will
help define.>>Bangladesh has been
looking to leverage the rising trade
tensions between China and the United States by especially getting
a lot of the Apple manufacturers. Bangladesh has become
a source of envy in India and
even your ability to attract investment when it comes
to manufacturing . What is Bangladesh’s
secret sauce ?>>Bangladesh is
a development miracle, and economic
surprise and with our GDP growth,
we are growing . We are almost the
size of Wisconsin with a hundred and 65
million people down there, with many existential
challenges . The reforms and what is
happening in Bangladesh should be an example
for the world. We have been largely
overlooked. We have been growing
with America , and lately the US -China trade war
perception have s played an important
part but the latest 587 tariff
lines at the US imposed an extra
10% on 1 September, $25 million it involves
and out of the 12 million is from China
and the rest is from Bangladesh only,
4 million. We have now little more, India even less, so the country that has mostly
benefited is actually Vietnam, so Vietnam has
almost benefited up to 16.8% , so Bangladesh is hoping the businesses are really going to grow
but so far it has happened up to a
certain level. It is not galloping. It is just about .
I would not say flat but not up to
expectations. American imports . The top 30 products to China
exports the US , Bangladesh has an
overlap of around 16 products and in those
16 products, we are actually dipping,
but again , Vietnam is increasing
so there must be some magic in Vietnam . Unfortunately so. I think the trade
narrative also involves a lot around that Labour narrative . — Involves . Every time we say we are
the most sustainable and stable manufacturing hub of the world, we
go back to the same question of how labour
rights are doing in Bangladesh? There does not seem to be a substantial
shift there, whereas we have actually
done quite a lot , so we hope someday
pretty soon, we will be favourably looked upon
as we deserve , and we hope we will
see the light , and talking about India and Bangladesh at the same time , I think India, a fresh set of incentives
got declared , so manufacturers will get a 4% extra manufacturing incentive
and that will probably push growth from
India as well. I would like to say Bangladesh and India
can grow together. It need not be a competition. It could be
collaborative competition if we have trade connectivity and would support
we could grow faster . Maybe we can grow faster and appeal to the US to consider us as very collaborative and
competitive partners .>>All of us are delighted to see the way Bangladesh has grown and is . the spirit in which it has grown . Kudos to everyone in the
manufacturing sector in Bangladesh and the people
in government. President Trump is pushing
American companies to shift manufacturing
outside China. This is a once in a
generation opportunity for a fundamental
recasting of global supply chains. All of this is going to
countries like Vietnam and Bangladesh. Is there a concern that
India could miss out once again? What more would you like
to see the Indian government do?>>Let me take the
example of the automotive industry,
which is roughly 50% of manufacturing in India
and known the best. Luckily I think
over the last 20 years we have become
part of a global value and supply chain, and to a large extent
a lot about automotive components, exported , cars even exported, are competitive now . I think we are ready to
increase capacity more . We need the domestic
market increase as well as export. For us regional
cooperation is very important in the automotive
industry to be part of this global
supply chain. An example, one
of our products , sold all over the world
but components are made in various companies — countries in
Southeast Asia , this trade cooperation . We still do not
have very large economies of scale like in developed
countries so when we do these trade agreements,
we need some sunset clause. It need not be very long but it needs some sunset clause . not in all industries but some . That is the main issue . it is .7 , or 0.8 compared with
Southeast Asia. We are losing out
from factory in many areas and that
is where we need to focus a lot to get as competitive
on a global basis but Indian industry is ready
to take the challenge on being competitive. We are focused on
competition here and we would like to continue
to be focused on competition, not just for
government subsidies. She two>>Secretary Ross , (unknown term)
said to me the Trump administration
has a schizophrenic approach to relations
with India and one to work with India
on the strategic elements , but treats India
as a trade competitor. What the trouble
illustration once the benefit of the
strategic relationship while continuing
to treat India as an economic problem.>>I think we have shown we regard India as very important as a global partner. We believe we
make the best military products
in the whole world. That was a big thing and a deliberate thing. There is nothing more
sensitive than sharing your most advanced
military equipment with another country. I think that is very
much proof that we have great respect for India as a geopolitical
partner , as well as a
trading partner. I do think . people have mentioned
Vietnam a bit full stop Vietnam is a very good example
of a company that has picked out a couple
of specific segments and build big scale. Electronics . they got Korean
companies to invest. They built up skill and expertise . They are now extremely competitive . Footwear . same thing. They have done
a very good job. That is what I meant
before when I said I think part
of the thing that developing
countries should do is figure out which are
the particular segments where you can
do the best . Figure out what are
the impediments you have now. In the case of India, it
was mentioned logistics. Logistics are a
problem here. One of the things
China did much more rapidly
than India is deal with
transportation infrastructure. Logistics are a problem in India. They are a handicap. If you could solve the logistics and the scale issues, India could be much
more competitive. Those are things that do not hit US or anyone, but the
kinds of suggestions we are trying to make
to India as part of our discussion.>>You mentioned defence
and you say America is offering high-end
technology. Simultaneously, America
is threatening sanctions for purchasing a missile
defence system from Russia. Our foreign minister
said it is India’s sovereign right
to purchase weapons systems from whichever country
we want. And America’s
threatening sanctions for puncturing — purchasing from Russia.>>We understand India
has a historical relationship
with Russia. But there are issues of compatibility
with equipment. We are going through it
now with some of the NATO countries. It is a complicated
issue but one that needs to be sorted. Both from an American
and Indian point of view, there needs to be a more rational
approach.>>You mentioned that if policy and regulations do not change . But if you look at what
Amazon has invested in years gone by,
if there were actual continuity, companies and America would be
investing that much more. It sends a negative
impact .>>There was no policy
change midway . I will reiterate that. As far as Amazon is
concerned, to be several factors. They may have
over invested . I don’t know, I do
not run their business. It is up to them what
they decide to invest , where they see their
market going. Maybe now they recognise the cannot do some of
the things they were doing earlier. In the spirit of the
law that I have articulated. Though these investment
figures are from last year,
before I came in. But the important thing that may also
be looked at by the larger group and talked through
is the fact that while there may be
certain advantages of large retail
coming in and bringing down costs and to some extent a benefit to
some consumers , we have to also
recognise the fact that if the consumers are dependent on
livelihood from that small retail . If they do not have money in your pocket and they
do not have work, there will not be anything to
spend as consumers. We have to ensure that consumers continue
to have a basic income level and work
opportunities and income to spend . With India, it is one of the lowest inflation rates we have seen in the 72 years of independence. Our inflation in
the last five years has been lost
ever since 1947. We have come on from the
era of double-digit inflation and huge spikes
in inflation . In fact, it has
never crossed 4% in the last
five years. More often it
has been 2%, 2.5% , less than 2%. We have seen stability
in prices. We haven’t three words which
used to be a permanent feature of
India’s collections which did not have any
traction in 2019. One is corruption. Second is inflation. And the third is secularism. These used to be the hallmark of every
election in India. This election was one voted for on the back of
a corruption free administration . We are moving towards
making India the most honest nation
to do business. Second, we are looking to have
a more inclusive and united polity. Secularism was
not an issue in this election. Communities have left in — left in peace. Lastly, in terms
of inflation . In Hindi, there
is a phrase. It used to be
backbreaking inflation. It used to be a regular feature
of Indian elections. Backbreaking inflation is killing our
income levels and our ability to spend and have a
decent quality of life. Given the last
five years track record . and they mentioned
this in another context , that the prime minister has broken the back
of black baking — backbreaking inflation. Five years of ensuring the country does
not have to suffer stress due
to price inflation. We have a situation where the country is
growing in an organised manner. We have to take care of
every section of society . Alternate work
opportunities come up for these small retailers , it will have to be
balanced and calibrated will stop
allowing e-commerce to do some of the things they can do in
the Western developed world. For them to do that
in India, the more calibrated plan
will be required. Working opportunities for that large
section of population in alternate occupations will
have to be created. That is the roadmap that
we are working on.>>The United States
government is pressing India hard not to take 5G technology from China. That is one of the big trust areas. As a key player in this
segment, and from the Indian perspective, do
you believe that is an unfair bargain? Because the costs are
much cheaper from China than from European or
American companies. How do you view
this pressure?>>Are concerns
about Huawei have nothing to do with advancing the cause
of American telecom equipment. We do not have a direct competitor , so the notion that our views on wily wily — are a function of protectionism is incorrect. Are big competitors are people like Ericsson
and Nokia, not US. They may have involved
some sort of US European consortium, but anyone
who thinks we are doing this out of protectionism
does not know the facts. The reason we
are doing it as we think there are
genuine security issues . 5G is very different from 3G and 4G. 3G and 4G, you are able to separate peripheral parts from the
central part. 5G, that is
not possible. In 5G, if there is a back door, it is
going to infiltrate the whole system. The proportionality of risk we think is very
considerable. Secondly, while a — they are very
dependent on US technology. It is not that we have found
some magical thing they have found which is not
available elsewhere. I believe in a few
years, there will be a western alternative
that leapfrogs in technology. Since 5G is such a revolutionary
thing, it is going to take a while to roll out anyway. Our feeling is why jump into it ? In most technology , the first version
of a product is not as good as the second and third version. While we agree that
5G is important, we think there is a
genuine security risk. It is not just the risk on the front end. There are constant
upgrades , maintenance things. Every time there
is an introduction with the vendor,
there is the potential for
a security issue to develop. Our concern is based on our desire that our geopolitical
partner India does not inadvertently subjected itself
to untoward security risk. That is the nature of
our concern. At the end of
the day, India has to make its
own decision. But our concerns are security, not
protectionism.>>How real are these
security concerns?>>As he has rightly pointed
out, it is an advisory from the US. They have already
decided for America , banning these products possibly
for decades. They are relying mostly on Nokia and Ericsson. I note Samsung is coming into their
space as well. From our point of view,
I have tracked this industry for 25 years. I am not going
into whether IP was compromised. While we were away — become externally
good with their product . It is significantly superior to Ericsson
and Nokia . They have surprised me how fast they have been
able to take the technology to
another level. The power consumption
is a fraction of the Europeans. The footprint
is very small . There are very powerful features which you can use any variety of ways. Whether they compromised
some American IP s , I don’t know. China will become 100% free from any
American component within the next
few months. They have taken that on as their mission . They know the leverage the US has. India will have to
decide for themselves their relationship with
China in a larger context. India and China are
partners, they are neighbours, they have a huge population. India will take
this advice carefully, but the decision will be
taken politically by…>>What is your view
on that sanctions?>>My feel is they should
be in play. They should use
this as leverage. There are lots
of issues with China as well and India
should take advantage of that. I would rather have this leverage because
it is an important part. The benefit of
American pushback has been that technology has opened up . I’m sure they will do this for an
Indian company . One thing they have done is opened up the Chinese
technology .>>Minister, is that solution? They are now offering
a full transfer of technology. Would they give
it to you as well ?>>I will leave that
to the concerned minister. The team is very
competent, let them handle this issue. I have enough
on my plate!>>As we come to
the conclusion of this conversation, there is something I
have always wondered , secretary Ross. Are you a big Harley-Davidson fan? What is their obsession the Trump administration
has with Harley-Davidson’s . Do you write a lot of them? Why is it so big
and important?>>I’m not sure I
understood the question.>>India reduced tariffs. That has not been
good enough. Why is that one
particular kind of motorcycle such an
important part of the narrative when it comes
to India-US trade ?>>I don’t think we treat
India and fairly relative to anyone else. It is not right to say
the President is doing this that or the other
thing relative to India. The President has gone
out of his way to have a good relationship with
the Indian President. It is unprecedented in the
entire history of the US. Never has the US
sitting President had such a big public
event with a foreign leader from any country , period. If there is any doubt , that was a very
conscious and overheard act to send a very
clear message to both the Indian and
American community and most importantly
to the Indian community . this is a
qualitatively different relationship
from that that has previously
existed between the United States and India and all discussions are
conducted within that frame of reference, so that’s how that be very clear. — Let’s have that
be very clear.>>How long will we be and — how long will it be
until we have a limited trade deal and then
something more significant later?>>We should allow the
negotiating teams to work on them. Whenever there are trade
issues, all of us sit down in a very
comfortable and very, very open-minded way. We are able to resolve
these issues so it is more an issue of time , scheduling calls that will determine how
long it would take but I do not see any big issue
holding it back for any reason and I don’t think
just this announcement is holding back Indian
trade all relations, either geopolitical, either at the leaders
level or at a trade and services level. Nothing is significantly
impacted right now , but we want to actually
take a quantum leap in that, which is the direction
in which both countries and our negotiating
teams and we are working on . GERALD LEE: Thank you
for joining us at the economic summit. Thank you for
joining us. Thank you.

Top 10! Amazing Smartphone Gadgets AliExpress & Amazon 2019 | New Deals. Cool Tech

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How Brexit Plays Into China’s Hands | Bad Brexit Deal | China Uncensored

Brexit. Some people love it. Others hate it. Others voted for it, but now they regrexit. And China is happy to just let the chaos reign. Welcome back to China Uncensored. I’m Chris Chappell. In 2016, British citizens voted whether to remain in the European Union, or to exit. British exit. Brexit. By less than 4 percentage points, Brits chose to Brexit. It came as a surprise— including to some people who voted for it. It seems like big surprises were a trend in politics that year. But the unexpected outcome forced the Prime Minister to resign. And the new Prime Minister has had a hard
time figuring out how to actually make Brexit happen, because her proposals keep getting rejected. But you know who loves all the chaos? “Upset the established order, and everything becomes chaos. I’m an agent of chaos.” I was going to say the Chinese Communist Party loves the chaos. But close enough. Anyway, my favorite Chinese state-run media the global times wants you to know that the real problem isn’t whether people voted for or against Brexit. No, the real problem is democracy. Good news, though: China’s Belt and Road Initiative can help Britain heal its Brexit wounds. And that surprisingly transparent Chinese state-run media article helps us see exactly what the Communist Party is trying to do in the wake of Brexit: be the rebound relationship. Ok, and also divide and conquer. The European Council on Foreign Relations seems to understand this. They say “China is ready to take advantage
of a divided Europe and weakened UK after Brexit.” In this special issue called “China and Brexit: What’s In It For Us?” the analysts at the Council on Foreign Relations say that “most of the losses from Brexit will hit the European Union or the United Kingdom, or both, while China will get most of the gains.” One of the ways the Chinese regime expects
to benefit is that with Britain outside the EU, China might be able negotiate new trade deals directly with the UK. “China is very keen to deal with EU nations
separately, rather than as a bloc” one researcher told
CNN. She says that China has the upper hand in dealing with individual countries, because of China’s much larger economy. Europe’s trade advantage comes from acting
together. See, the European Union, as a united bloc, has recently been pushing back against the Chinese regime’s unfair practices. These issues are spelled out in a rolling
document called the EU’s Anti-Dumping, Anti-Subsidy and Safeguard activities. The European Union has gradually come to realize that the vast majority of the unfair competition
facing Europe comes from China. For example, China subsidizes steel production, and then exports that steel at such low prices that it shuts other competitors out of the
market. This is called dumping. So Europe put in anti-dumping measures. And “of all the 120 anti-dumping measures
in force at the end of 2018,” the report says, China was targeted with 85. The next closest was Russia with just 9. Which is to say, China was nearly 10 times more successful at dumping than Russia. Yeah! Can Putin do this? But with Britain leaving the EU, China hopes to negotiate a bilateral trade
agreement directly with the UK. That way, it can flood the UK with the cheap Chinese
goods— even when the rest of Europe rejects them. Weirdly, the British government does not see what’s coming. Just a year after the British people voted to leave the EU, the British government hailed a “New phase in Golden Era for UK-China
relations.” British officials promised to “to build
a truly global Britain” and that the “strong and growing” relationship
with China would “deliver benefits for both countries.” Promises were made. And awkward photos were taken. But… “The ‘Golden Era’ of UK-China relations has never materialized as it was envisioned, and it probably never will.” Why? Because “Ultimately, the U.K. does not really matter much to China.” Even worse, “As a trade partner, Britain ranks below Australia.” Britain ranks lower than Australia?! But Britain practically created Australia. That’s like saying Marmite ranks lower than Vegemite, when the truth is… they’re both terrible. Ok, my analogy fell apart at the end there. The point is, most of the Chinese regime’s vows to increase imports of British goods were just empty promises. Like when NYU promised I’d have a successful
career, if only I’d pay for a three-year Masters
Degree. And now I’m deeply in debt— because I chose to pursue my dream of hosting a YouTube show with an unprofitable perspective on China. What’s that, Shelley? Yes, as opposed to a lucrative career in classical music composition! Speaking of being in debt, Chinese leaders have been further trying to divide and conquer Europe by going after the most delicious country
in the region: Italy. China promised to totally buy more Italian
goods. And then they got Italy to be the first Western European nation to officially join the Belt and Road Initiative. It’s going to be a win-win. But only for China. “So I don’t think it’s going to bring
more to Italy. For China, it’s a huge win. Because one it shows that a G7 country is now a part of the Belt and Road Initiative, which is a major political win. Second it actually shows the weakening of
the US influence, very clearly. And third it shows a clear European fragmentation.” So Italy’s move to join the Belt and Road
Initiative is just another sign that the Chinese regime’s divide and conquer strategy is working. And later this month, Chinese leaders will be visiting Croatia for the annual 16+1 summit. 16+1 is a group of 16 Eastern European countries, plus China. And China wants to drive them away from the
European Union, too. I mean, what leader of a small nation that we can’t even place on a map wouldn’t want to be friends with China? So when it comes to the UK, there may be disagreement whether Brexit is good or bad for the country’s
future with respect to Europe. But it *is* clear that the Chinese regime is taking full advantage of the opportunity. The good news is, even as the Chinese regime tries to divide and conquer Europe, one of its unlikeliest leaders is refusing
to surrender. “We put ourselves in a situation where Chinese investments have taken over strategic infrastructure and network assets. “The time for European naivete is over.” Go get ’em, France! What’s that Shelley? France just signed a multibillion dollar deal
with China? So what do you think about China leveraging
Brexit to advance its strategy in Europe? Leave your comments below. And now it’s time for me to answer a question from one of you— a fan who support China Uncensored with a dollar or more per episode, by contributing through Patreon. TexDude asks, “Someone told me China made debt collection
illegal— is that true? What happens to a Chinese citizen who doesn’t pay their debts?” Good question, TexDude. It’s not illegal to collect debt in China. But sometimes it’s not that easy to collect, since China’s rule of law is…not robust. So Chinese people and companies use *creative* methods to collect what’s owed. From shaming people in front of their neighbors… To using violence… To even sending people infected with HIV to sit in people’s homes to scare them until
they pay up. And that’s not all. “Over a dozen middle-aged women in central China’s Henan province have been sentenced up to 11 years in jail for using violence and abuse to force people to pay back their debts.” And if you’re wondering why the loan sharks hired middle-aged Chinese
women instead of a few tough guys in tracksuits
named Joey, clearly you haven’t met any Chinese aunties. They’re the only thing I’m terrified of, other than flesh-eating pandas. So none of these thuggish debt collection
methods are good— either for the debtor or debtee. But there’s just not a very good civil court
system to resolve these issues. I guess that’s what happens in a country ruled by the biggest thug of all: The Chinese Communist Party. Thanks for your question, TexDude. And thank you for watching China Uncensored. Once again, I’m Chris Chappell. See you next time.

You Weren’t Supposed To See that Photo | Hardly Working

– We were on the beach and
we were camping and we saw the most incredible sunset. – Oh cool.
– Yeah. – Oh. – Oh. – Ah, I gotta get back to the work. – Me, yeah. Yeah. – I mean, at least you… – You’ve seen too much. (muffled screaming) (struggling) I wish I didn’t have to do this Raf. I love you like a brother. – No, please. – You know what you saw. – I didn’t see anything. I swear. – You saw a sexy selfie that I sent to someone five nights ago. And now I have to kill you. – No! It’s not that big a deal. – Of course it is Raf. We used to be friends. We used to be equals. – We’re still equals. What are you talking about? – No we’re not. Not after you saw my thirsty
duck face in that photo. – I just saw a flash of skin. I didn’t even know it was
you until you said selfie. – Of course it was me, Raf. Who else would have been
dressed like a baby? – That was you dressed as a baby? – What? No. Yeah, fine, okay. I was sick of always
having to be the mommy. – You are telling me way
more than I could have known. Look, we all send sexy selfies, all right? Maybe we just forget it. – Oh, yeah, you say that Raf. But in a month you’re gonna
be drunk with Grant or Raka blabbing your mouth
about my titty tattoo. – What? – Oh please. Like my titty tattoo wasn’t
the first thing you noticed about this photo. – No, Allie, that’s not the picture I saw. – What? Fuck! Now I really have to kill you. (groaning) (both grunting) – What is going on in here? – I kind of saw a tiny bit of a sexy selfie from Allie’s phone. – Oh my God seriously? – Yeah. – Oh wow, that is really
really bad news for you. (grunting) (heavy breathing) – I should just delete this photo. (gasp) – Just create a hidden
album on your phone. – You can do that? – Yes, it is 2018. – Oh no. Hey what’s up? It’s Allie from College Humor. Click here to subscribe. Click here to see more cool stuff. And if you want to see
a hot babe in the city, click here. I made that. This is what I like.