a shock in the automotive sector go in the celebrated manager who turned around renault in france and then nissan in japan was arrested in 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 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 the w. and how you know. the chairman of the alliance of. voters go one has been arrested on suspicion of under reporting his income and engaging in what the company called other quote significant misconduct. holes 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 two thousand and eleven before now go on was seen as a star car manager credited with leading a dramatic turnaround over the last two decades rescuing him 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 i'm missing 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. nisson c.e.o. who wrote. the alleged violations involve millions of dollars going to continue to us in the article there are problems in terms of governance when the top of ran no 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 causes we must. miss sun's 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 the cost killer since his time at the top of ram no some credit him with bringing nissen's vehicles back on the road to success after years of massive 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 dance cause is joining us now hi yes it's good to see you well if the i phones are a flop or not to buy almost four percent since its recent high in early october the stock is down by around twenty percent meaning it to bear market to territory it was those devices the i phones becoming more and more expensive that might be one reason that consumers are holding longer to their devices and not necessarily getting the new was the version so that could be one problem here at apple and as i said so all of the stock now is in bear market territory and we're seeing other tech stocks also under pressure is apple the only story dragging them down. you know we have a couple of things going on especially in the high tech world the nasdaq composite here on monday down by three percent there was all those scandals that spaceport

there seem to be turmoil in the boardroom this dog 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 a bit calling for example dropped below the five thousand dollar mark like a stone and that is the 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 the 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 and scotty 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 ways 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 we can't. fueled by indignation these protestors near done kirk and 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 is happening. so. i arrived here at three am and got stuck i can't move he's waiting to see where this goes nobody knows what's going to happen. the protesters are fed up

with the tax hikes tax on diesel the most commonly used fuel in french cars has risen by almost eight cents per elisa on the tax on petrol is up nearly four cents a liter. on the part of a show you were getting milked like times i'm tired of always coughing up a little i'm a father of two i have a family i'd like to give my kids a good life and that can't all we do with pay pay pay or. 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 word 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 for 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 put

a long time i experience sale that it makes you feel most going through. because mainly because of the corruption the favoritism the lack of political will this was the sort of. seventeen says any land program must involve experienced commercial farmers mentoring new potential for. armors. we want them to end so that in the next year 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 can. people i can use these to start my own business and. every kid couldn't. 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 should. you talk about it appropriate 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 mo so you went from gas station attendant to successful lamb and cattle farmer after entering soundex training program. the problem is government gives the bloke people and we thought in the support. that's why. i always feel that's why seventeen wants the government to adopt his model gone through a few years ago in this. political world from prison. and commercial farmers all on board and there's some new initiatives like in wolf at the moment which is

going to. form land reform into. this collaborative approach could work in a country still divided along racial lines. but that is 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 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 turns to next time take care to buy some.

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isn't it time for good news eco and africa people and projects that are changing our environment for the better it's up to us to make a difference and let's in spite of her. be committed for environment magazine. long d. w. . school. the first economists of. the tories grand moment arrives in the jointly ring in spain on her journey to freedom. in our interactive documentary during an orangutan returns home on t w don't come in tanks. hijacking the news. where i go from the news was being hijacked journalism itself has become a scripted reality show it's not just good versus evil us versus them black

and white. in countries like russia china turkey people are told is that stuff and if you're a journalist figure and you try to get beyond it you are facing scare tactics intimidation. and i wonder is that where we're headed as well. my responsibility as a journalist is to give you all of his smoke and mirrors it's not just about the prayer for balance or being neutral it's about being truthful. when he was courting golf and i worked in enough.