a shark in the automotive sector kind of rules go on the celebrated manager who turned around renault in france and then nissan in japan was arrested and authorities in tokyo suspected of underreporting his salary and other irregularities. also on the program hundreds are injured in france as protests against higher fuel taxes continue. and south africa is struggling to give the agricultural land to black farmers the program should help reduce racial inequality but some claim it's not working well we'll tell you why. it's time for business on d.w. and how your guest welcomed the chairman of the alliance of nissan renault and loaders scuttles going has been arrested on suspicion of underreporting his income and engaging in what the company called other quote significant misconduct. old said he had called

a board meeting for thirsty to approve dismissal as chairman of the company for allegedly understating his salary in japan by forty four million dollars over five years starting in twenty eleven before now go on was seen as a star car manager credited with leading a dramatic turnaround over the last two decades rescuing it from your bankruptcy. and was formally regarded as one of the most dazzling managers in the automotive business after all he has the partnership of graham no mitsubishi i'm missing under his belt but he's been under investigation for a month now the japanese carmaker says an internal investigation showed under reported his income for several years he's also said to have used company money privately. nissan c.e.o. who wrote a psychotic says the alleged violations involve millions of dollars. to continue because there are problems in terms of governance when the top of brando is

concurrently serving as the top business down with forty three percent of the shares of one person who has too much authority that was the problem i think that was one of. the. board will vote on the proposal to dismiss go in on the thursday japanese media reports say he's cooperating with authorities and has already been questioned. going has been called look cost killer since his time at the top of ram no some credit him with bringing vehicles back on the road to success after years of months of losses. and are the latest i phones a flop that's the question many investors seem to be asking themselves as apple's share price tumbles the wall street journal reports that lower than expected demand has prompted the company to slash production of all three i phone models launched

in september just last month apple shares had surged to a record high. a topic we definitely want to discuss with our financial correspondent on wall street cause is joining us now hi yes it's good to see you well if the i phones are a flop or nod to certain thing here is investors are not waiting for the answer and already punishing apple starts. yeah this talk of pull on monday dropped by almost four percent since its recent high in early october the stock is down by around twenty percent meaning it to bear market territory it was those devices the i phones becoming more and more expensive and that might be one reason that consumers are holding longer to their devices and are not necessarily getting the new was version so that could be one problem here. as i said so all of the stock now is down in bear market territory and we're seeing other tech stocks also

under pressure is apple the only story dragging them down though we have a couple of things going on especially in the high tech world to call it was it your monday down by three percent that was all those scandals said facebook there seemed to be turmoil in the boardroom this was down a good five percent and since its recent high in july dropped by more than forty percent but then also it seems to be that the boom in the cryptocurrency market is over for example dropped below the five thousand dollar mark like a stone and that its effect in chip makers like nvidia who are supplying chips for this industry and video stock being down by more than ten percent in the monday's session alone and that we shouldn't forget tech stocks were the main driver in the first half of the year but now investors are selling heavily into that industry

situation that is certainly worrying many thank you very much since carter for following the story for us in new york. and of course we'll keep track of the tech stocks in the coming days here on the w. business continue to france now where protests against the introduction of higher fuel prices continue supporters of the movement called yellow warning vests blocked highways and traffic junctions causing of course problems in transit they are mainly directed against higher taxes on diesel and petrol hundreds of people were already injured in similar actions over the last week and fuelled by indignation these protests in northern france are among the hundreds of thousands of people who took to the streets to express their opposition to the government's fuel tax the so-called yellow vests actions stopped traffic on major roads across the country. usually takes me twelve minutes to get to work i've been stuck here for two hours

nothing. so. i arrived here at three am and got stuck i can't move. waiting to see where this goes nobody knows what's going to happen. the protesters are fed up with the tax hikes diesel the most commonly used fuel in french cars has risen by almost eight cents per liter and the tax on petrol is up nearly four cents a share. we're getting milk like time i'm tired of always coughing up. i'm a father of two i have a family i'd like to give my kids a good life and they can't all we do with pay pay pay. appearing on television at the weekend french prime minister it was felipe defended the tax hikes maintaining that the revenue would help finance the transition to more renewable energy sources like solar panels and wind farms but the demonstrators don't appear willing to back

down either plans for a large scale protest in paris this weekend are already underway with the words being spread quickly on social media. we turn our attention to south africa now a country that is struggling with some economic problems and especially with land use issues snow many white farmers have been forced off their property under a government program that has vowed to redistribute one third of agricultural land into black ownership that's the idea but farms have often failed to under new ownership activists are now demanding the inclusion of experienced white farmers in the land reform process. this is cattle country in the heart of south africa. rancher nick seventeen presides over six thousand hectors and his farm produces some of the country's top quality beef he belongs to south africa's former white elite landowners who once held ninety percent of south africa's territory but

uncertainty surrounds farmers like him the government is considering new plans to explode create land without compensation but rather than putting white against black seventeen has sent an open letter to presidency around the poza for a long time experience a oh that makes you feel most going through. because mainly because of the corruption the favoritism the lack of political will this was the sort of directed produce that seventeen says any land program must involve experienced commercial farmers mentoring new potential farmers. we want them to learn so that in the next they can be able to be able to be productive sendek has already equipped seventy five emerging farmers with practical skills. inferi with plans to develop more than six hundred other emerging farmers in the next three years. i get. people i can use these to

start my own business and. every kid couldn't in. twenty four years since the end of apartheid most government land reform projects have failed and most commercial agriculture remains in white hands this land was given to these people free of charge it's been abandoned and this is this is the big what you. if you talk about the experience you want without compensation this is this is land that should be taken back by government seventeen's project on the other hand is showing signs of success in two years solomon most so you went from gas station attendant to successful lamb and cattle farmer after entering soundex training program. the problem is government gives the black people and we thought any support. that's why i want black farmers always failing that's why

seventeen wants the government to adopt his model. through a few years ago in this room i think it will from prison. and commercial farmers all on board and this new initiative striking wolf at the moment which is going to transform land reform into. this collaborative approach could work in a country still divided along racial lines. but that us unfortunately asked so often easier said than done that's all for this edition of thank you very much for watching and remember that he can watch this and all of our programs on our website that is d w dot com and of course also follow us on social media we'll be glad to hear from you from the business team right here in berlin thank you and remember that before we go we will present to you a short overview of the world's top markets and current success so next time to care for you by so.

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