tv Business - News Deutsche Welle May 4, 2018 3:15pm-3:31pm CEST
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managed by from. take personally. with a little bit wonderful people and stories make the game so special. that all true for. us prosecutors indict former boss martin the latest development of the diesel gate scandal authorities want to find out if he knew what was going on in his company. and first it was fooled then medicines now been as well on staff to live without electricity as power shortages exposed to. collapsing infrastructure.
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in cyprus i'm d.w.i. how you get us welcome to the program u.s. prosecutors are doing what germans could have charged former boss inventor kong for his part in the diesel gate emissions scandal they say even talk on conspired to mislead regulators and violate the us clean air act a federal grand jury and michigan indicted the former executive as part of the probe into the scandal which has haunted the company for nearly three years it couldn't have come at a worse time for folks bogen the announcement that its former c.e.o. martin venter cohen was indicted by u.s. authorities it came soon after v.w. shareholders meeting where its new c.e.o. spoke about regaining confidence. most volkswagen must become more honest more open more truthful so that we don't make ourselves more vulnerable again. but
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is still vulnerable the indictment of ventre core now has many asking whether the carmaker has done enough to investigate its senior executives according to u.s. authorities in two thousand and fourteen the former c.e.o. was informed v.w. cars produced lower emissions during tests than they did on roads but it is unlikely event of corn will face charges in u.s. courts germany doesn't extradited citizens to non e.q. countries still the former c.e.o. could be implicated in ongoing diesel gate investigations in his home country german prosecutors are looking into the involvement of senior management in diesel emissions cheating and there are lawsuits pending from both shareholders and consumers. and our financial correspondent at the frankfurt stock exchange has been following the story for us following it for years i will say now perhaps our
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viewers will not understand necessarily if we see all these legal consequences why it is happening in the u.s. and not in germany. judicial authorities there just have so much more punch that they're packing and it's a different sort of criminal case i talked to an analyst just this afternoon and he said that you know the kind of criminal offenses that monte inventor caught on is being accused of it's much more serious in the united states than what he could be accused of here but the stories here are looking at over there it's serious criminal act there are deaths involved the. people inviting him are saying because of violation of the clean air act and also the clean air and o x and emissions standards were much stricter than the standards that volkswagen didn't meet here in germany so the judicial authorities they are able to make
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a much stricter case it's part of the explanation not the whole explanation surely a lot of people here in germany would wish the german judicial authorities would act the same kind of punch that the americans do and they might eventually will see about that meanwhile the company as such has named a new c.e.o. they are talking about a new era will things really change that. you know how about these has an uphill battle we just heard him a new well general meeting there and those are good intentions but he only has to look to the right or to the left of him i don't know where rupert stop there will be sitting during board meetings but the audi division chief is still there a man who his coworkers or subordinates accused of having known and cold manipulated in the scandal is still on board and so is the supervisory board chairman hans tito perch who was finance chief of the company and is accused of having informed shareholders too late so starting
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a new culture with people like that in your immediate surroundings with the porsche and pete and pete family still having a huge say and an interest that will be very very difficult certainly sounds like the same old same old thank you very much for the analysis and frankly. the u.s. has sent a top level delegation to china to try to avoid a trade war between the world's two biggest economies the main issue is tariffs but washington also accuses beijing of systematically infringing us copyrights counterfeit copy clothes watches sunglasses and even smartphones and other complicated technologies and they sell them for fakes and lower prices now the difference between an original and a fake is often barely noticeable for consumers at least the logo looks real even the way it is manipulated to give the fake the right feel it's a huge problem in spite of sophisticated prevention strategies a recent survey by a german industry association revealed that almost three quarters of all machinery
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companies here in germany are affected by product and brand piracy the damage to the german economy is estimated at around seven point three billion euros and we're talking about an amount per year that's just lost revenue the possible damage to a brand image can certainly not be measured now china is the worst patent abuse or a new technology is making it easier to create fakes three d. printers and gigantic clone workshops make it possible to copy not only components but entire machines this to give you an idea of the problem now our correspondent in singapore linda hong has been following these talks between china and the us and the piracy issues as well and it's good to see you now what does washington actually say china is doing or what are the allegations because it's mainly companies copying the products not necessarily the government of course. well you know there's been it's such
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a long problem that chinese is actually copying that you know the u.s. has actually filed a complaint with the beauty or about tech tariff and this is also they're also demanding that you know during the talks that we've seen so far that china reduced the trade gap by about two hundred billion dollars over the next two years and the whole subsidies for at vons manufacturing during the talks you know they particularly object to american limits on the export of high tech goods both civilian and military applications and they contend at least you know every cations prevent seas of all potential exports and china are the other hand is complaining or protesting a u.s. bent on products from one of its telco companies that for repeatedly by gating american sanctions on iran so these are some of the things that they have actually been complaining about that you know that there's it's a very old problem that we have seen all the time that they have always been infringing copyright issues and that the u.s. possibly saying enough is enough and it thinking that completed the. now yet
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they're now sitting in a negotiating table what can you expect from these talks we have tariffs on steel and aluminum of course now being a big issue between the countries can we see some outcome that is perhaps positive for both well or late friday afternoon the talks have concluded apparently does not been any outcome that both officials walked away particularly the u.s. they didn't release a statement they just went to the airport and they've actually left. east and there's no database nor do you have that being said so it looks like create tensions is already rising because there's no conclusion and so that the is still set so we're actually looking at may perhaps talk again with one. close the presidency instead of. the talks and next month we'll see how that goes well analyze it with you thank you very much linda hong from singapore for the analysis . to venezuela now where the economic situation has been critical for
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years but until now basic services were still provided by the government now along with restricted access to groceries and medicines people in as well are suffering without electricity because power stations are out of order that's triggering anger against the socialist government. they have only the flicker of a single flame to cook by even candles or election we nowadays said the mendoza family use one at a time as if eating themselves wasn't complicated enough and they can't store any fresh groceries they do manage to buy fridges run on electricity. power cuts a regular feature of daily life here in america. and they're lasting for ever longer periods. elektra's city is very important in a home because of course you need the fridge and food for children and conditioners . photo on the extreme the heart here. but we have to keep everything closed
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because there are a flies which carry diseases. that i can't fit americans we have to close our doors and we need electricity to make food. it's absolutely essential for us. but i don't know. it's been like this for months in venezuela here at the power station in monaco only four of the twenty four turbines are still operating lack of proper maintenance has left much of the facility in disrepair. state television the minister for energy refuses to take responsibility for the nation's power cuts. that he says saboteurs have tried to bring the country's electricity supply to a halt. as part of a systematic attack. yet the government refuses to publish information about the
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power outages and their effects but there's no getting away from the evidence on the streets and long lines of people wait for banks to open but to no avail no power no cash. and before we go apple stock is getting a confidence boost legendary investor warren buffett has been loading up on apple shares his company berkshire hathaway bought seventy five million apple shares that's more than thirteen billion dollars worth of current prices increasing at stake almost fifty percent called apple and unbelievable company one of the most profitable in the u.s. of it has bought more apple stock and any other investor in the past year. that's all for thanks for watching the news at the top of the hour.
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