Skip to main content

tv   Business - News  Deutsche Welle  June 19, 2018 3:15pm-3:31pm CEST

3:15 pm
takes the helm at audi as the luxury carmaker comes to terms with the arrest of its boss will look at this latest twist in the admissions of cheating scandal. get her first we'll have that for you coming up in business for straight away. music a concert made me think that. a . clash of cultures in india. a clash between those who believe in the range
3:16 pm
marriage and those who want to marry for love. a kludge that's shaking families and society to the cold. war my father will be angry sometimes i think the way he does. a lot commandoes starts july eight d.w. . a new month to clean up the mess audi's ball swoop. remains in custody over allegations of fraud but i'm sure it has appointed interim c.e.o. . threatens even more terrorists on china world stock markets just as washington ask laid it out. trade row with beijing. also on the show by
3:17 pm
obama said a one german answer printers are getting ready to leave turkey and blame a declining economy under the current president. this t w business live from berlin . after its shock arrests yesterday german luxury comic audi has announced a temporary replacement for c.e.o. who got started but i'm sure it will take over as acting c.e.o. while startling remains under arrest shorter's a member of out his board of directors ways serve as head of marketing and sales shake up started when prosecutors arrested former chief executive start love they were concerned he was attempting to influence witnesses in the criminal investigation into the diesel emissions scandal at the steering wheel of audi for eleven years that's a quick check on how the markets are taking all this in with parts who's standing by in frankfurt willie brown short is he the right man for the job but why did it
3:18 pm
take so long to replace starter. i don't think there's an answer to the second question i don't think anybody knows why it took so long the only answers i can think of is that the people in the supervisory board were in a disagreement over whether to fire starter and who to appoint and also how to communicate it in the end how to treat stadler after he was suspended we don't know that but it's possibly those reasons or a combination of those from shot interesting figure perhaps one of the things that speaks most for his being installed now as an interim c.e.o. he's not been in doubt a very long only since last september and he's been a volkswagen since twenty twelve so he knows volkswagen but he's possibly not involved in all that your long years long manipulation of diesel gate so that maybe speaks for him as being a relatively outsider but he's a competent manager solid career at mercedes benz before moving to the w i'm out of
3:19 pm
the teens late talking about the other my what happens next. and what how will that influence the ongoing emissions. i read a statement by the judge judicial authority is very and they say that the next stage for evaluating his prison term the custody length is in six months and we also hear that he's ready to talk that he's ready to talk with his lawyer being present to authorities and depending on how volkswagen out he treats and now he may be more ready to talk if he's treated kindly and he may be more ready to incriminate people if he's not treated kindly he's likely to know almost everything that went on he can hurt people personally and hurt the company financially if he does talk that will be very interesting to watch indeed to the whole story turns into a proper thrillist suit thank you very much only boston friend for the whole this is us. china has accused u.s.
3:20 pm
president donald trump of blackmail and says it will retaliate for the latest set of terrorists threatened by washington trump is targeting an additional two hundred billion dollars worth of chinese imports with a ten percent levy. shoppers in china might not be following every twist and turn of the trade dispute between their country and the united states but the tit for tat spot could soon become apparent in their grocery bills these are images imported from the us are among hundreds of goods beijing has voted to tax in response to a fresh batch of terror threats from washington the news makes good on china's pledge to retaliate up to the united states imposed an initial set of tyrants on fifty billion dollars worth of chinese goods speaking in response to those levees last week china's foreign ministry had this to say on the beach on china is consistent in its stance that if the united states side adopts any unilateral
3:21 pm
protectionist measures damages china's interests we will immediately react and take necessary measures to firmly safeguard our legitimate rights and interests. of our train but the world's two biggest economies certainly don't agree on what constitutes a legitimate interest so far analysts are still talking of a brewing trade war but with hundreds of billions of dollars involved and talk of blackmail the battle at least appears to be well underway already. and global stock markets are wobbling over the latest volley of terrorist threats from washington especially in china alarm bells are ringing as the country's exporters fear the impact those tariffs will have on trade with the u.s. so look around and shanghai composite index was down nearly four percent on tuesday that follows a week of losses that took nearly ten percent of the. shares in hong kong also
3:22 pm
tumbled despite a slight recovery today the hung saying is still nearly five percent lower than a week ago it's been only slightly less dramatic in tokyo where it has shed three percent. of its value over that period and fears about the effects of tit for tat tariffs are also weighing on the german economy the munich based evil research group has downgraded its growth forecast for this year for the german economy economy from two point six to one point eight percent following similar downward projections from other bodies including the german government other sources of concern for the german economy into a shortage of skilled workers and italy's debt crisis. turkey is holding presidential and parliamentary elections on a sunday president other one is seeking reelection has been in power for sixteen years and many see him as the man who put the turkish economy back on the map but
3:23 pm
times have changed the turkish lira has been tumbling for months foreign investment is declining the uncertainty is now also prompting german businesses to pack their bags. fresh fruit and vegetables are the bedrock of maurits fall vines business four years ago the german entrepreneur started a small company and its ten bull he made juice that he sold from a small shop but a year ago he had to close that shop down and many of his customers were foreigners who had left the country after the attempted coup he now sells mostly to hotels this is this is carrot apple and pepper. he and his american partner built a business up together but now they are looking to leave turkey there's more driving their decision than a longing for home. life here has changed. this in the u.s. and is free and open or as relaxed as it used to be. i
3:24 pm
think the main reason is that so many people are under pressure because of the economic situation. the turkish economy has kept growing since the coup thanks largely to government spending but the turkish currency the lira is under severe strain that means imports have become more expensive the weak currency is also fueling inflation increasing numbers of people are experiencing financial hardship add to that the political situation and many foreign investors are feeling spooked . a little sun this also the politicians are trying to make people believe that the poor exchange rate with the dollar well the fact investors are avoiding the country with high interest rates which it doesn't and tacky everything is connected to just a system education security. it's all tied to the economy money coming down bombs. from bombs. when involved and leaves the country his company
3:25 pm
will keep going under the management of a turkish business partner his investment was made in u.s. dollars and with the current exchange rate it wouldn't make sense to sell the company for now he will continue to monitor the developing situation in turkey from outside. since time immemorial crushing ocean waves have meant trouble for mariners and people living on the shoreline but now one community in the spanish basque country is showing that the power of the deep blue sea can be harnessed and used as a source of clean green energy using electricity might not be the most environmentally friendly way to make coffee but at least this stove is powered by green energy produced locally. and this is not a dude on this late in the old days i don't really know where our electricity came from mars when it came out of the socket and that was that but now it's
3:26 pm
a lot more natural and sustainable that's because we know you get the electricity produced by the power of the sea in our harbor yes that's definitely cleaner and more ecological and i just like it better usually was the harbor belongs to the village of new tree crew in the spanish basque region. there are strong waves and the sea wall was built to protect retreating from them. but the utility company found another use for it. was approach simply turned a barrier that had already been built into a power plant so the force of the impacting waves generates electricity. the project has a limited scope so far still the sixteen turbines within the wall produce enough energy to power two hundred fifty homes and a chamber is located in the bottom part of each turbine the waves push the air
3:27 pm
upwards thereby propelling the turbine. the backflow water again sets the turbine in motion. pretty clever when you think that the wall was originally only meant to protect the harbor and the fishing boat within it. this is going to the native al harbor and that was important of the grovers now we are protected from the force of the waves. if it weren't for the wall we would never be able to talk about all these boats. nor. the residents of matric who are happy but it might take a little more time to satisfy the investors wave energy plans are still being tested but their potential could be shoot. and that's all your business thank you very much for watching bye bye.
3:28 pm
the way. you can preserve them. and celebrate them to. european traditions. like the i'll smoke in the building one time on a german problem. our series on. the
3:29 pm
moments next on the. street. crimes against humanity. civilians become what most of. the time of. their recorded images travel around the globe just social media. is flowing into fiction and what is fact. digital investigators combing through the flood of images and they combine. sources trying to reconstruct what happened and to substantiate claims of crimes. thanks to this video recording of a soldier who shot the young man is on trial now. forensics between
3:30 pm
bits and bytes you know you have the. same thing again. evidence of. disease chance the biggest justice is about due to the. truth detectives starts june thirtieth on t w. i their welcome to the show i'll be guiding you through the latest in european lifestyle and culture this week is what's coming up today. striking snapshots and
3:31 pm
amateur for.

26 Views

info Stream Only

Uploaded by TV Archive on