30/08/2017 World Business Report

There have been warnings that parts of the building could collapse

Now it's time for World Business Report with Sally.

Japanese Prime Minister Shinzo Abe welcomes his UK counterpart to

Will North Korea overshadow trade negotiations?

Plus, as Angela Merkel fights for re-election in Germany,

we focus on the million migrants she welcomed two years ago,

and the impact on Europe's biggest economy.

Hello and a very warm welcome. This is World Business Report. I am Sally

Bundock. In a minute we'll tke a look

at the sharing economy in China. But first, Theresa May is lending in

Japan very soon. on everything from defence

to Brexit and trade. Although the UK can't officially

start any trade negotiations until it leaves the European Union,

both sides are already weighing up While the UK's investment in Japan

is relatively small - in 2015 it was just over $6 billion

- Japan's direct investment And that investment feeds

through to the real economy - roughly a 1,000 Japanese

firms operate in the UK, One of Theresa May's key aims

will be to keep as many of those jobs as possible in the UK

in the coming years. A strongly worded report

from Japan's foreign ministry last year said firms might want to move

"if EU laws cease to be applicable Meanwhile, Japanese banks Nomura

and Daiwa have already chosen Frankfurt as their new EU hubs

in the wake of the Brexit vote. The meeting also has added

significance as only last month the EU signed its own free

trade deal with Japan - a deal the UK will soon

be locked out of. Joining us now is Seijiro Takeshita,

Professor of Management and Information at

Shizuoka University. Good to see you again, Seijiro

Takeshita. This is Theresa May's first visit to Japan as the Premier,

and she has her work cut out for her, does she? I think the Japanese

delegates are getting a little frustrated by the fact that they are

not getting any concrete answers, and unfortunately, rightly so, from

Theresa May, about what the position of Britain will be, exactly.

Obviously, she cannot answer that. But she is not giving any concrete

measures, which is basically exacerbating the worries that the

Japanese companies have. As you noted, there are the one dozen

companies there. In fact, 40% of them are in manufacturing.

Obviously, they are extremely worried about the outcome of this.

And considering the very high risk avoidance nature of the Japanese and

their companies, obviously, they are getting agitated, as we speak. And

then, the UK, it historically, provided Japan with lucrative access

to the single market. That is why the relationship is currently so

solid. But with Brexit looming large, Japan has done its own deal

with the European Union. When is that leave the UK? I know that

Theresa May will be hoping this is the basis of a future agreement with

UK, but what is Japan's position? Is Japan's position? Theresa May may

want to expand upon the EPA, and make it into FPA, a free trade

agreement. But now there is the thought that we can look towards

developing a FTA. -- FTA. One of the reasons we have such a lucrative

relationship is the UK's access to Europe. Unfortunately, that is under

a huge question mark. And we are not seeing any progress. And that is

certainly a big miners, which Theresa May will probably have to be

challenging in the next you days. Seijiro Takeshita, we appreciate

your time. And I will keep a very close eye, we all will, on how she

gets on in Japan. Now, let's just reflect, for a

moment. You may remember, it has been about two years now says Angela

Merkel took the momentous decision to suspend the EU protocol, and open

Germany's borders to almost 1 million migrants, many escaping the

war in Syria. The numbers coming in to the country

have since dwindled, but for those who have

made their home in Germany, finding employment is still

a challenge, as Joe Miller reports At the training centre of Berlin's

waterworks company, the next generation of technicians are being

trained for what promises to be a stable and lifelong career. Among

them is this man, a refugee from Prakasam. When I came to Germany, it

was a hard time to me, because I cannot speak German. I learned the

language, and then I got the opportunity from this country, and

then I get my printer should place, and I was really lucky about that,

because a lot of people, they are trying to get it, but it is very

hard. Stories like his are unfortunately still quite rare, even

though it has been two years since Angela Merkel's first opened up the

German borders to hundreds of thousands of refugees. Only around

20 or 30% are in work. And even with special schemes, such as this one,

it can be tough to find the right candidates. One of the refugees

started in this programme and moved onto a security company, where he of

course makes more money at the start. People are looking for a job

with direct money. Whereas in the apprenticeship, you don't have that

much money at the start, but the prospect is very much better than an

unskilled job you can get right now, for example. It could take the best

part of a decade for the majority of refugees to find employment in

Germany. But as long as the economy is booming, those crunching the

numbers are not too concerned. We have a lot of money. We have a

strong system taxes. So we can finance the task to integrate the

refugees, to qualify the refugees, also. Back at the waterworks, he is

ready for his first assignment. And with the economy tightening, Odyssey

makers will be hoping that many follow in his footsteps. Joe Mellor,

BBC News, Berlin. -- policy makers will be hoping.

And what's yours, could also be ours, these days.

That's the thinking behind the sharing economy that's taking

off in various parts of the world, including China.

But how far would businesses go to push this sharing concept?

John Sudworth had a look around the Chinese city of Beijing.

But what about all sharing? The company behind this venture plan to

make 20 million footballs and basketball is available for hire,

right across China. -- ball-sharing. -- basketballs.

Now, let's show you the financial markets today. Some calm has

returned in Asia. Yesterday, we sought share market is falling,

because was going on with regards to North Korea. The situation is not

necessarily improved that much but certainly as far as the markets are

concerned, they have moved on. We have had the yen getting weaker ones

again. People have been putting back into shares. That is following a

better night, the night before. Wall Street, the Dow and the S 500.

That is all for me for now. I'll be back for the news review in just a