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tv   Business - News  Deutsche Welle  January 29, 2018 2:15pm-2:30pm CET

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you're watching did you news still to come a shocking report reveals the german automaker's funded diesel emissions tests on humans and monkeys and raises more disturbing questions about the country's current history. plus a big effort in the cryptocurrency world then facilities here to love those stories coming right up. to. meet the germans new and surprising new specks of noise and culture in germany. u.s. american kate moos takes a look at germany this increasing use of their traditions every day drives and language there's a lot of my lungs are. tricky i m d w dot com the german. every
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journey begins with the first step and every language with the first word a lot of people. rico is in germany to learn german why not learn a simple online on your mobile and free shop d w z e learning course nikos german made easy. the diesel scandal deepens take a deep long breath reports out today the job income of his test the bed judie diesel technology on humans. and talking up or talking down but all of mixed messages from washington on the future of the world's most important currency. i presume and let's do business suppose puts repulsive absurd and inexcusable some of the reaction this monday to newspaper reports that the german conjoined financed talks are. emissions testing on humans as well as monkeys. should give diesel
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a good name and secure valuable tax breaks but it backfired how do you like my new car isn't days old they're all safe in two thousand and fourteen this v.w. commercial set out to prove just how clean diesel was with the help of a white scarf day out clean it is around the same time twenty five healthy young people are taking part in a series of tests for several hours a few times a week they have to breathe in the pollutants nitrogen dioxide the tests were commissioned by the european research group on environmental health a body funded by com a cause v.w. diamond b.m.w. and pumped supply ambush and the results were a relief nitrogen dioxide the study concluded had no negative effects on people an all clear for diesel and a snub to the world health organizations research its conclusion was rather different namely that diesel emissions cause cancer the human tests are
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a new low point for car makers they follow revelations last week that monkeys were forced to inhale cull fumes in two thousand and fourteen something v.w. has since apologized for in two thousand and fifteen the emissions scandal showed v.w. had spent years manipulating its vehicles nitrogen dioxide output the comic had hoped to leave all that behind it but these latest revelations suggest that that is unlikely just anytime soon. ok let's forget our friend for correspondent linda hong standing by in singapore daniel starting with you greens party transport spokesman's says that the orders are to seems to have lost all scruples in its mania for cheating is that reflected in any way i'm cautious today. well you would think so right i mean vox back again the company creating bad headlines but let me actually tell you that volkswagen is the second strongest performer here at the blue chip in their conduct so they this is happening after we are receiving
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a very positive comment by analysts today stating that volkswagen is going to grow even even faster in the future it really seems that investors here on the trading for are kind of used that the company is providing those very bad headlines but at the same time with record numbers pretty much all around the world it doesn't sound like anything could slow down the w linda diesel has never had the best reputation in the u.s. which is where this whole scandal surface but what sort of a name does diesel have in asia. well then you know if it's also the same diesel never we have two favorable reputation over here and if you look at china which is always fighting a small problem it's actually thirty two then. eagles so that is a clue that you know it's not a very favorable one and also we're looking very excited about each trend of
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electric vehicles coming up still legal us might just. look ok so could be a double whammy for german car sales in asia in particular china the world's biggest car market is as you were pointing out there one of the most polluted how badly do you think it could impact german car sales there. well then i specially for each of you surprisingly are they've actually done very well in seals and if you look at it record sales last year in china its biggest market by five offset falling demand in europe and. china actually increased by one percent last year thirty percent in december so why is that so it's because peter you don't exactly sells almost no eagle vehicles in china so and they also have good brands such as all the and so it's actually quite in favorable in the mine in china and also if you think about it when scandal started twenty fifty we. beat up you
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actually beating toyota its rival in global sales and that's because it's done very well in china mention it hasn't sold any vehicles in china diesel vehicles in china which is why i see good tipped over there ok obviously it's been have to diversify its product pallet quite well daniel the supervisory board member and economy minister of the state where b.w. was headquartered which is also one of the groups biggest shareholders we should point out says this should be tough personal consequences for the people responsible we haven't really seen anything like that so far. no we actually have not and i think also in this case we are going to see maybe again a scapegoat that we have seen also happening in the past remember the case of all the version of the employee in the united states being sentenced to seven years in prison because of the scandal and then at the same time being fired by volkswagen i
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don't really think we're going to see any personal consequences on really a high level in the management of the company ok some interesting analysis there and interesting reaction from the frankfurt stock exchange and from singapore thank you to both of you. and now we've got with us in the studio a religious affairs and ethics report it. martin this is a real ethical topic to talk to you about you know how bad the outcry is when lab animals they used in skin products for example rabbits and rats and that we're talking about humans and monkeys i mean it really is quite absurd in this day and age there is no ethical dilemma here i mean in the sense and at the limits what emerges when you're not really sure what way to go because you have very strong reasons to do one thing and to the direct opposite here there is no question this is just a bit of an outrage and what he's quite notable east that this actually did receive
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the human the human experiment which happened in germany i mean the monkey experiment happened in the us was approved by the uk in university medical school at the explored how to get past and i think well this is something that we do not understand i mean i read i read the completion that takes that protocol demand which is first i mean first they ask if there is any conflict of interest i think that anybody that's not understand that this research unit that has essentially been set up for the sake of the fending an industry. is not itself a reliable source of information in that industry or the products of that industry so that is the first question the other issue is that although the monkey story is a lot more detail aiding because it clearly is it's outrageous just to think of these animals defenseless being locked up in a chamber. with exhaust fumes the story with human subjects is a lot more interesting because it actually suppose that in fact there was that there was consent what we do not know we for these were people that were actually you know financially strained who were actually setting themselves essentially to
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receive harm because of recent study where of course completely extraneous to just their own witness because who would put their hand up something like this in their in their right mind but often you're paid for these sorts of studies on you yes indeed you are and this is extremely problematic of course in a situation which you have people with needs is studied certainly a problem what does it tell you about the extent to which companies will go just to get. tax break companies quite simply cannot be trusted on matters of the public good i mean for the simple reason not that they are evil but for the simple reason that they have conflicting interests with the public good the companies interested in the bottom line the public is interested in the good in cases like this one we see actually that these two interests collapse so the legal issue is really not there it's not an ethical dilemma there is a question of a complete lack of regulation as was said i mean in the previous episode we've basically just cut them cut them loose and let them go on doing their business thank you very much for your insight my pleasure. the world's biggest ever digital
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currency theft a major japanese crypto exchange is lost about four hundred million dollars in digital assets after a hack attack says hackers stole any m. tokens from its platform on friday it's among the top ten crypto currencies in the world by market capitalization the company says it will use its own assets to reimburse the two hundred sixty thousand people affected by the hack it's not yet known when they will get their money back. the dollar crawled up from lows on monday but struggled to pull ahead from six straight weeks of losses there are conflicting messages coming from the u.s. political elite on what the value of the greenback should actually be treasury secretary stephen the nugent said of the world economic forum in davos last week that a weak currency would help you with trade balances in the short term but on thursday he backtracked saying he fundamentally believed in the strength of the dollar and
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shortly after president donald trump said he ultimately favored a strong dollar the booming u.s. economy should be pushing the dollar up instead it's been tumbling as so many other economies recover around the world well since mid december the dollar has fallen six percent against the euro falling to around eighty cents the lowest level since the end of two thousand and fourteen and that's raising eyebrows among currency experts the president of the european central bank mario draghi said last week the recent volatility in exchanges and exchange rates represents a source of uncertainty tree which requires monitoring or we asked cost and junia's chief economist at sephora seris and bank if he thought u.s. officials comments on the dollar are a break with tradition absolutely it would be a break from tradition and it's not encouraging what they what they do so often with this administration i have the impression that they are not really aware of
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what their common occasion is is doing they seem to believe that they can make statesman to lie the us finance and find it's all what we expect from central bankers and governments and it's definitely not to doing any good for the world economy and the financial system. to date on all the big business stories i've noticed in business fix. the to. cut cut. cut cut cut cut cut. cut cut. cut
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next generation. global ideas that multimedia environment series on. a long walk home to drive would be motor magazine coming up see god's limited edition hot hatch. are. a majestic big can't we turn to jaguar x j. and find out what's new at the detroit motor show. january in detroit attending.

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