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tv   Business - News  Deutsche Welle  May 4, 2018 7:15pm-7:30pm CEST

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koren our business desk will have that story in just a moment but for now we leave you with a little something which star wars fans are sure to enjoy may the fourth be with you. what does a football loving country need to reach its goals. we'll tell you our german soccer made it back to the top. you know web space. dot com. football made in germany. time for an upgrade. furniture that grows all by. cars with no roof.
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design highlights you can make yourself. known stoops in tricks that will turn your home into something special. upgrade yourself with interior design channel on you tube. the. u.s. prosecutors indict for its former boss on the latest development off the diesel gate scandal authorities believe he knew what was going on in his company. also on the program trade representatives of the u.s. and china hold talks in beijing with happy faces but few results. and tired of fake replicas of their fine pieces the porcelain artists of lee marsh friends are finally fighting back. it's time for business on the w.
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. welcome to the program u.s. prosecutors are doing what germans could they have chart. former boss martin vent on for his part in the diesel gate emissions scandal they say even talk on conspired to mislead regulators and violate the u.s. clean air act a federal grand jury in michigan indicted the former executive as part of a 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 corn was indicted by u.s. authorities it came soon after the 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 vent a corner 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 nine 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. our financial correspondent in frankfurt always bob's has been following the story for us really it's good to see you again now perhaps seeing these legal
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consequences our viewers might wonder why the former c.e.o. is being indicted in the u.s. and not in germany since it's a german company. yeah the easy answer to that in the quick answer to that is that the united states authorities were quicker than the german ones the germans have been taking a long time but as we just heard in the report there they will be ready at some time to put in the dye if the facts that they have are in their view strong enough another thing is that the u.s. authorities just have a lot more leverage with the laws they have to levy high fines and high prison penalties in cases like the w. unlike margin ventra corn what he did and what volkswagen did there is considered a criminal offense in a much inventor cohen is found guilty faces up to twenty five years in prison plus have to find and you'd never see that sort of penalty or that sort of prison
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sentence for such a transgression here and in a german court and the matter at hand is also different in the united states there were much stricter standards and no x. much stricter than in the european union and in germany so any any prison penalty here or any penalty here will be for that reason alone also probably much lighter now let's focus on the company for a second here because where do we go from here does all this have an impact on folks on future. it could have an impact on the financial situation of volkswagen i don't think it will take volkswagen into a tailspin force it to sell off a unit or something like that has huge cash flow it has huge profits if martin venture cohen is convicted of a criminal offense and if it's the court finds him guilty of having known before hand before he admitted to it that something was wrong that the company cheated and
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committed fraud and that he informed the shareholders too late in the united states if that's found there then that will open the avenue to shareholders all over the world to make big claims that they suffer damages and the sums at stake now i hear that it's about ten billion u.s. dollars so volkswagen could be slapped with that. a maximum is imposed from marching into kaunas found guilty so there's a lot at stake and the share went down as the news came today it's as we've said a never ending story thank you very much elise bods in frankfurt and a good weekend to you. well at least the industry is doing well sales of cars in western europe rose nine percent in april compared to a year ago experts say that was partly due to the timing of this year's easter holiday the april figures come after a robust showing by europe's leading carmakers during the first three months of the year germany bass b.m.w.
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and folks have all posted record sales for the first quarter relations they had collaborated to fund diesel emissions tests on live monkeys don't appear to put off . and more great number of u.s. unemployment figures are out and they're good but not quite as good as some had expected in april the jobless rate fell to three point nine percent its lowest level since december two thousand and twenty four thousand new jobs were created in manufacturing it was also strong growth in the services and the health care sector analysts say the figures are a sign of resilience and at the recent stock market chaos and fears over a trade war. speaking of which talks between a top level u.s. delegation to china and chinese representatives have finished without for results they are trying to avoid precisely a trade war between the world's two biggest economies the main issue is tariffs but washington also accuses the zhang of systematically infringing u.s. copyrights while statements by all participants were polite it seems there's more
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between the lines. perhaps chinese state television wants to avoid adding fuel to the fire trying to play down the current trade dispute with washington this news anchor says both sides are interested in stable and healthy economic relations appears to be the official version of events after the first round of trade talks between china and the u.s. . but behind the scenes big differences remain reuters reports that beijing has offered to lower import tariffs on u.s. cars and agreed to increase exports from the u.s. to china whether that will be enough to pass the five donald trump is still to be seen but as the u.s. delegation leaves the country the war of words continues at the chinese foreign ministry this spokeswoman says that many people around the world are against a u.s. led trade dispute showing a letter from american economists. and they warn trump terrorists are even for his
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country's economy. and beijing has its own warning to washington trade barriers hurt both sides but they might end up pressuring you more than. corporate news now on air france. is stepping down after staff rejected a payoff for aimed at ending months of strikes the news comes on the same day the orderly figures show the company heard further losses unions have been holding a series of one day strike since february they're demanding a five percent raise to compensate for a five year pay freeze further strikes are planned for next monday and tuesday. and we stay in france because porcelain from the french. one of the finest and most expensive in the world that makes it an easy target for counterfeiters to make a quick copy and sell it at lower prices but now that we most porcelaine makers are
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fighting back and ensuring their renowned product is protected in the future. two plates said to be made from famously moesha porcelain but only one is real the plate on the left the one on the right is a fake it's a problem limoges manufacturers have been grappling with for years world leaders and royalty may dine on the white gold as it's known but the famous brand is up against some clever fraudsters. manufacturers from asia africa and central europe simply use the name limos but many of the fakes are identifiable they rightly emotion without an s. or say paste from limo ship or the most from china. but this is now all in the past because limo was porcelain is now protected only those who produce here and respect the traditional methods of production are allowed to bear the name. and birth we don't have robots limos represents real craftsmanship people who know exactly what they're doing. we're in one of the oldest porcelain factories in the
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city this powder has been processed here since eighteen twenty five porcelain in its original form it can be used as a thick mass for kneading or cast in liquid form. the pieces made here are finished by hand polished and dipped into an enamel bath before going into the kiln the result. of porcelain. the special feature of this porcelain is its transparency. and only flawless pieces paul stringent quality control they moaned is the most feared woman in the factory to inspect the pieces and she misses nothing in fact fifty percent of the trees and became weld renowned for a reason and it's no coincidence that the white gold being protected making life a little bit. before we go imagine you're driving to work and suddenly
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it starts raining money would you grab it commuters in indianapolis faced that dilemma on the interstate highway the doors of. hundreds of thousands of dollars into the air drivers pulled over eager to grab the cash but state police say all those who parked at the cash will be found and charged with that. was too good to be true that's. the buy.
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a man whose ideas change the world but also to fight it. is he today and what influence does he have on politics and general culture. come to two hundred ten averse to earth the documentary marx and his heirs d.w. . play. play. play. play. in a very warm welcome indeed to focus on europe with me peter craven and europe is that. people from around the world a flocking to the old co-incident which is good for the tourist industry but.