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tv   Business - News  Deutsche Welle  December 10, 2017 4:02am-4:16am CET

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to museum curators efforts to gain publicity it's also a favorite for best foreign language film at next year's oscars. this wednesday was perhaps the worst day of all of us schmidt's life the folks wagon executive received a seven year prison term the maximum sentence for consumer fraud. he was emotional he apologized he regrets his decisions he said he takes responsibility it's his fault. schmidt was responsible for us environmental matters at fi w from twenty twelve until twenty fifteen the period that folks wagon admits to having manipulated emissions tests by
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a software installed into its cars he knew about the test manipulation and testified in court that he was simply following orders prosecutors said schmidt was in the same room as the c.e.o. and they all worked on their stories that they tell the authorities. the judge ruled that b.w. is a board shared responsibility for the scandal. but it remains to be seen if former folks walk in c.e.o. mountain vinta cohen will face charges in germany vinda cohen has repeatedly denied knowing anything about the admissions cheating. schmidt's sentencing comes months after that of another former manager james liang. liang who cooperated with authorities from the outset received a lighter forty month jail sentence after pleading guilty to the charges. bitcoin is on the move it's still
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a mystery to most people but many are intrigued by the crypto currency bitcoins are mined in massive data centers such as here in this province of china the currency only exists online there's no bank or financial institution behind it the cash flows are anonymous and there's little oversight and yet bitcoin is currently enjoying an unusual run at the start of this year one bitcoin was worth one thousand dollars there's been a lot of hype surrounding its recent surge in value after hitting a record high of nearly twelve thousand on tuesday it surged briefly to eighteen thousand on thursday a jump in value this year of more than seven hundred percent. helping to drive these price jumps is the imminent introduction a bit coin futures contracts in the u.s. this will make the currency much easier to trade even japan's onboard bitcoin is listed on its stock exchange and has been legal tender there since april the once
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dubious crypto currency is now well on its way to entering the financial mainstream . the turkish economy is struggling food prices in the country are soaring as our transportation costs the spike has been especially hard on consumers rising costs are also taking their toll on businesses the inflation rate has been on a rapid rise over the past year it's jumped to thirteen percent a level not seen for nearly fifteen years. rising inflation is also putting pressure on turkey's currency for months now the lira has been losing value this is good news for turkish exporters the weaker currency makes their products cheaper abroad but this trend is worrying to domestic companies who are trying to shift their money out of the country to avoid depreciation the turkish
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government doesn't like the practice but so far it's been reluctant to go as far as banning such capital outflows. general electric is to cut some twelve thousand jobs worldwide including six thousand five hundred in germany the cuts will come mainly in its power and gas division the u.s. industrial giant projects dwindling demand for fossil fuels in the face of rapid growth in renewables like wind and solar. expects savings of over a billion euros with a downsizing. the european union has blacklisted seventeen countries worldwide for being tax havens this is part of attempts to crack down on jurisdictions that deprive the e.u. of billions in tax revenues by shaming them publicly the e.u. hopes to persuade these countries to make reforms included on the list are south korea barbados and panama. aid organizations like oxfam have complained that
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european tax havens like malta luxembourg and ireland aren't on the list. the irish government says it expects apple to begin paying back up to thirteen billion euros and unpaid taxes. the european commission had ruled last year that the i phone maker must reimburse the irish state for the money ireland initially didn't want to break its agreement with apple by taking the taxes but the e.u. said that tax benefits received by the tech company were illegal under e.u. rules. and he does is not planning to sell its new germany world cup twenty eighteen jerseys through other stores and twenty sixteen the sports where manufacturers sold three million units through retailers who saw boosted sales as customers often added other items at the point of sale but in twenty eighteen the sporting goods dealer plans to sell the world cup designs soley at their own retail outlets and on line. with
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fourteen batteries under the hood of his vintage v.w. beetle hector ruiz is ready for his commute in mexico city's rush hour traffic but his zero emissions vehicle is a rarity in a mega city with five million cars clogging up its roadways and producing choking smaug that blankets the city. this here is my contribution it shows that we can all do something for the environment we all breathe the same air in china india germany europe and elsewhere. thanks ruiz spent forty five hundred euros for his electric motor and customized batteries. he's not concerned by power and status or worrying about top speeds. and i mean. no one in the city needs a car that costs sixty thousand or ninety thousand euros or can go faster than one hundred fifty kilometers per hour. in the city we can't drive faster than twenty or
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thirty kilometers per hour. that's what all the. mechanics of auto de la paz built the motor replacing combustion engines with batteries that's what the fifty eight year old does all day in his workshop sustainability means that you don't always have to get a new car. it's a big advantage that we have here when we use what's already been built to transform it into something which can still be used without negative effects. most of the population can't afford to buy a new electric car but since it's mostly those residents who are causing the air pollution when the smartest idea before the government to subsidize the modifications three thousand euros for an electric car a car for everyone distance performance charging the batteries from home avo de la paz can customize it all if. we always wait for someone else to find the solution.
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but it doesn't have to be like that. it could be done by people like you and me. we can see ourselves as part of the solution and then solve the problem. hector ruiz says he's more concerned about his children's future retrofitting cars is a fish and an economical so why wait any longer. there's there was a ten thousand and they were talking about electric cars in the one nine hundred eighty s. we've been waiting for decades and then the car industry only offers really expensive ones i don't want to wait any longer i'd rather have one built for me. brags that negotiators have agreed there will be no hard border between northern ireland and the republic of ireland after britain leaves the e.u. . that's a relief for cross border commuters and business owners like farmer john sheridan
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who's used to crossing back and forth seamlessly. before the agreement was announced on friday john feared what a potential hard border could bring it would have meant customs duties and vehicle checks slowing businesses down on both sides of the frontier. and of course that would have been for the first time eighty year old mona flood clearly remembers the old border checks. you know and a customer would have to come at her request was for eleven o'clock at night. he would come. and stamp the book. to let you back and. i went to mexico back again on either side of the border because our north tyneside . lies the agreement will come as a relief to border residents like mona and john for now it seems the status quo
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will remain in northern ireland it will still be leaving with the rest of the united kingdom but will keep regulations that prevent customs checks so-called regulatory alignment. both the republic of ireland and britain have praised the deal to avoid a harder border but for britain the greatest challenge is over bragg's that are yet to come. these treats contain coffee and marijuana a picker upper with a different kind of punch pot snacks were long consumed secretly but now you can buy them legally in the u.s. like from this california chocolate here some folks are still getting used to the new normal. cannabis is still one of those taboos. and you know having that conversation my mom who is not only asian but also very catholic and grew up in a generation where cannabis was considered just as bad as you know any other drug
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she actually was really. and she actually the product on a regular basis an elderly catholic lady may learn to accept the idea of hash chocolates but perhaps not some of the other goods on offer here the store owner proudly displays his wares in just a few months he's managed to raise ten million dollars in venture capital. a windfall he says that will help as the marijuana market expands worldwide. this fall likely be the only time in my life that i see such a large scale market move from the black market into the legal market consumers are already consuming cannabis there's this incredible moment where all around the world the cannabis revolution will happen with the next ten years. a majority of americans are in favor of legalizing marijuana a number of states already have where people are doing their part to pave the way for the recreational drug to become big business. and those where this week's top
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business stories. we speak different languages we fight for different things that's fine but we all stick up for freedom freedom of speech and freedom of press. giving freedom of choice global news that matters d. w. made for mines. germany state by state. the most colorful. the liveliest. the most traditional find it all at any time. check in
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with a web special. take a tour of germany state by state on d w dot com. they know you like. they know what we think. and soon they'll even know how we feel. i'm not a real person i'm still just a p.c. . scientists around the world are working to measure were emotions. so hopefully i can be helpful piece of salt with. a virtual person as a therapist or a robotic as a teacher nice or have human empathy what does the machine need to do to create empathy and a medical context what i disclose more information to a person or to a computer in this case. a few feelings on the.

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