tv Business - News Deutsche Welle February 5, 2018 2:15pm-2:30pm CET
2:15 pm
go to prison then be said to know the country. you have to date now on deja vu news i'm sarah kelly in berlin after a short break and then physical and will join you with more is so much for watching i hope to see you again. lying dormant shell to leipzig the biggest favorite team sleep all the best goals we've got all the action double is the home of german football share the experience of every match. someone just league on the weekend here d w. entered the conflict zone this week on conflict zone i miss them both to talk to russia come back should come maestro took his ruling found to be a g.p.
2:16 pm
she speaks for apology on human rights and is oh so confident president how do i as the government pursues military operations in syria and continues to crack down on civil liberties well i'm not sure of this principle conflict zone song t.w. . the arab sam song walks free a panel of judges suspends j.y. lee's corruption sentence the surprise decision to send shock waves through south korea the stocks tumble around the globe after such a long bull market is this the big correction. and with the area having taken up the e.u. presidency critics accuse the government of failing to fight rampant corruption. and bad for school and let's do business leadership battle is. at samsung the air
2:17 pm
of one of the world's biggest corporate empire is now out of jail judges shocking south korea's business and political establishment by suspending corruption lee says he used a year behind bars to reflect and apologized for not showing what he called his best son. bribery perjury embezzlement just some of the charges in a long list leveled against a young one of south korea's wealthiest and most influential managers nevertheless he served just one year of his five year sentence and is now free. again i feel very sorry to everyone for not showing my best side and it's been a really precious time for a year reflecting on myself i will thoroughly check and do my best. to. lee was the subject of the biggest bribery scandal in south
2:18 pm
korean history in his first court case he was found guilty of bribing then president park geun hay in return for political favors the appeals court on monday dismissed most of the charges saying lee was coerced into making the payments more than three million dollars for horse riding lessons for the daughter of one of president park's friends two other samsung managers also had this same commuter to probation leave the grandson of samsung's founder is estimated to be worth around eight billion dollars in two thousand and fourteen forbes magazine ranked him the thirty fifth most powerful person in the world. let's bring in. correspondent what's the public reaction in your part of the world. well it's a surprise all around even to lead himself as you can see from the video there's a lot of public outreach on the streets of seoul expressing this dealing with how the government is handling. reform with cheap balls all government or family owned
2:19 pm
conglomerates in korea and it's no wonder that they're angry because a lot of a lot of these senior officials including these own father in the past who has been pardoned for similar crimes in the past only to have his sentence reduced just four months after the ruling how will this all affect ex-president pox bribery trial. well you know it's funny to think how it all started with the third great horse race on the serious note the judge didn't see that he found no power of business collusion and clearly in this case when gifted. a compass with the garbage horse in the past the choice sunil now pouts own case is ongoing with a verdict to be out later this year and she's probably going to get a life sentence with this scandal weighing very heavily on that very well from the
2:20 pm
political side of. corporate dimension with lee released his samsung got a leadership battle on its hands. we it's not clear how leaves going to return in whether he's going to retain his name some similar capacity at samsung scuse me whatever it it whatever the case comment is all saying that. it will be a chance this scandal will be a chance finally fourteen abel's to reform its company governance and that being said samsung has been left in good hands while the was a we it rose is shares rose forty one percent in twenty seven thousand during the trial itself and interesting stuff there and interesting analysis from asia correspondent based in singapore a reality check on global equity markets after such a long boom run asian shares sliding on monday after the us stock market enjoyed
2:21 pm
its worst session in two years on friday japan's benchmark nikkei index tumbled over two and a half percent today its biggest single day lost since donald trump selection in november twenty sixth in the u.s. jobs market provided the catalyst for the sell off it grew above expectations with wages surging at their fastest pace in more than eighty years to counter inflation and best to suspect the federal reserve will need to raise its key interest rate faster than expected european stock markets are also plunging let's pull in to cope our financial correspondent in frankfurt so is this a case of out with fed chief janet yellen and off with the interest rate. well let's see during the last meeting just a few days before she was leaving office she didn't want higher interest rates but we know mr powell will be sworn into office today as the new hat off the fact he
2:22 pm
has been working there already for quite some time in the board of governors and he was mostly in favor of janet yellen decisions and we know that she was also in favor of higher interest rates maybe three or four times this year so yeah we might see those interest drop interest rate hikes happening this year. it was a real slump we saw her on markets in new york on friday. the market sliding in asia and in europe as well but not to the extent we saw in new york why is that. yeah a major correction you mention it i mean the biggest correction that we have seen in two years and actually because of surprising reasons because on friday we got those unemployment reports from the united states very good numbers also the report that wages were going up so you might be thinking well that's good news it is on the one hand but on the other hand this means in many cases higher interest rates higher interest rates for the market means that there is less liquidity in the
2:23 pm
market that shareholders are or investors might think about other ways to invest their money for example in born's or even maybe putting with higher interest rates some money aside on their bank account that's why they are not so in favor of those high interest rates but here's the correction was not as big as we have seen them in the united states but also the v. dax index here at the blue chip index is also down with the possibility that we might not even see fourteen thousand points that we are might even see a correction maybe to a level of twelve thousand points here at the blue chip index stocks because technical correction of course is a ten would be a ten percent fall we haven't seen that yet. could we see that later today when wall street opens. well we expect that the shares at on wall street will actually recover a little but still be in the minus we're already seeing bond yields shares dropping
2:24 pm
already by three hundred points this morning so poorly and not a very exciting day on wall street as well when you call things for the look ahead so you see. org area has taken up the e.u.'s rotating presidency and i want you thinking so what well the balkan nation isn't a role model economy it's dogged by organized crime and corruption and still has strong links to the russian russian oligarchy. went there for. the city of vanna is bulgaria's largest port on the black sea. fleet pipeline sections were made in the german city of ours and and have been delivered to a firm owned by the russian energy giant gazprom the port city is awash with rumors of what goes promise doing here. we sometimes make jokes here in bulgaria but the main thing that will be flowing
2:25 pm
through the south stream pipeline is russian corruption. local journalists past spots of sees him self as a watchdog for good government and against political cronyism for years he's been keeping a close eye on gas problems activities in the city. many of these pipeline sections have already been frighted out on special ships for about a year now work has been progressing to lay the turk stream pipeline across the black sea nine hundred kilometers in total. but van is more than just a logistical hub the city attracts more russian tourists and business people than any other place in the e.u. russia has many friends here and still maintains full consular services environ are . not with people what used to. could be many consulates and embassies reduced their staff or close their doors all together after the fall of communism and nine hundred ninety nine from it but the russian consulate is still here.
2:26 pm
real estate agents know how attractive the russians find vanna russians own some eighty thousand homes here. real estate agent. says eight out of ten of her customers come from russia today she's showing an apartment to a couple of pensioners from st petersburg. a. very nice look at the view of the hill and the sea. the russians bring a lot of money into the region but with the gas business comes corruption. also sits on the vine a city council he's showing journalist software gazprom has built a road straight through his vineyard illegally and without informing the relevant authorities agree or off says. this road is an example of the corruption that gazprom is bringing.
2:27 pm
up salut lee this is part of the wave of corruption this road is just a small part of it so it's not directly linked with vonage but it's been built in the church three avan a municipality. suspect that bribed public servants somewhere in the central government allowed this road to go ahead. a seaside resort owned by musk of ivana has become a russian beachhead on the shores of europe the region may be profiting from russian money now but critics are warning of the future political costs. rise in business with you.
2:28 pm
2:29 pm
freedom and hope. where i come from the region is rich in history started on talent so much so poor image of the trinity and freedom this makes it specially difficult for independent journalists i see many of the younger promising journalists are now making names for themselves all over the world. song live along the way some life although some will continue. the experience of freedom in a sense is like a few minutes of the day you can visit but your call come back home. my name is justin ford and i work you know because. it's good for ten thousand three hundred fifteen games and has been gone for ten thousand three hundred fifty. it once divided east and west germany the berlin wall
2:30 pm
. an entire generation is growing up without it but it still casts a long shadow. the berlin wall is long gone but music can relieve our focus today. to. drive it the d.w. motor magazine in this edition i'm not sure why getting from rough to running volvo as we ninety cross country a successful hybrid the lexus an x three hundred h. . i knew.
37 Views
Uploaded by TV Archive on