tv Business - News Deutsche Welle November 20, 2018 12:15pm-12:31pm CET
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chris october i will tell you why coming up in just a. philosopher . where i come from we have to fight for a free press and was born and raised to me telling the painter should put just one to the shadow and if you are his papers with official information as attorneys i have walked off the streets of many characters and their problems are always the same point to social inequality a lack of the freedom of the press. work on the fourth to stay silent when it comes
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to the fans of the humans and see them right through fools who have decided to put their trust in us. is. if you may be wondering how much they will be worth next week to drop a currency has dropped a bit all the five thousand dollars mark as investors very. also coming out at nissan they're calling it the dark side of car was going as the company prepares to fire their superstar chairman for massive financial misconduct and will they stay or will they go young people in germany and britain worry about what will mean for their careers. or welcome to the program the rapid
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ascent of crypto currencies like bitcoin seems to be over for now the value has been dropping for days with traders fearing long term instability on tuesday the price of one big kornfeld four thousand four hundred eighty five dollars the lowest level since october twenty seventeen since last wednesday the oldest and most well known of the digital currency has lost more than a quarter of its value to record high. almost twenty thousand dollars in december of twenty seventeen is a thing of the past and it's not only bitcoin the other well known craft of currencies are under pressure as well. for a closer look at what's happening to cryptocurrency is let's cross over to our financial correspondent on that device from frankfurt another what's behind the sly . well i have to say it's a fascinating word the word of crypto currencies and if you take into it it becomes a bit more. why those the kurds are now or they're paying and the
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reason behind that is is that we had a split big contest from bit car so essentially it's like a dilution of shares it's like a company doing a capital high meaning to share itself fully that has happened to big car and now as well so the big concern though is the market that can happen always again because essentially what happened is that a crypto currency valid per they were at odds how to update their software and in the end they were splitting the cryptocurrency so this can happen again and again from these technical reasons what happened to the idea of bitcoin and other crypto currency ultimately replacing the money that most of us use today. well actually i'm a big worry away on crypto currency is about as regulators with. get into that market and we'll be getting tough on credit to currencies we have seen
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a lot of irregularities at trading platforms we have seen it here let you regularities also to what extent scrip the currency were use so regulators across the river are announcing that they want to regulate for two currencies more. thorough that is also not adding to the attractiveness of those assets in general looking at those two currencies. they are all very volatile and they are not the storage of value that's the main concern here is going another cryptocurrency is having a bump on the device but reporting from frankfurt on a thank you so much. shares of japanese carmaker missed some more than six percent on tuesday after the rest of the company's chairman has gone along with. under reporting his earnings for years japanese media reports suggest that go on had nissan paid large sums for residents season four cities around the world where
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there were no business justifications the use on board is expected to fire go on within the next few days. tokyo the morning after accusations against nissan's top manager carlos ghosn went public people on the streets express shock and confusion. i know this kind of thing can happen in large companies but i'm very surprised to discover that. i am stunned that this happened to the leader of the company that makes the car i drive a look at this and i hope there's been some kind of mistake. or much of that people see the rest of. the news isn't about just anyone but one of the most respected and powerful automotive industry managers worldwide carlos ghosn help diffuse the partnership between renault mitsubishi and nissan with more than four hundred fifty thousand employees under him. the japanese report accuses him of underreporting his income for several years and of using company money for personal
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expenses. and we're talking about the dark side of the go now it's lasted many years. from asia to europe the news has had a ripple effect the lions is a major force in the global automotive market. regardless of the rest it is important that the current nissan reno mitsubishi alliance maintain a stable relationship. but first the board of nissan must decide what to do about gone whatever the board determines on thursday there's no way out of the turbulence that's had a top player in the automotive industry. bank of england governor mark carney gave his backing on tuesday terry bradshaw the deal struck by british prime minister theresa may and european union officials it would help smooth the country's departure from the block mr carney said lawmakers in the. heads over prime minister may's draft agreement with or without of the old the date of separation is drawing
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closer and. how that will impact the. coventry in the heart of england home to students and researchers from across the european union many of them originally came to the u.k. through the e.u. a rasmussen program but with briggs it looming exchange programs like these could be a thing of the past for british students the country's future outside the e.u. has also been the subject of heated debate here in berlin where many young brits had their first taste of studying abroad. i think the u.k. or at least. employees in the u.k. want to employ more local people now or at least see it as something that's going to be easier and more practical for them so i think that is something about that could definitely affect foreigners brits living in the e.u. are concerned about how freely they'll be able to move once britain leaves the european union. also just in terms of the friction of like moving from one place to
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another you know i don't know now let me back to the u.k. moving a truckload if everything is that going to be subject to some kind of you know. basically to make things worse specify. but others maintain that britain is unlikely to burn all its bridges with europe which get half and i was does i think that in the long term they'll be at least an agreement for either members and citizens because otherwise britain would end up cutting itself off economically and i don't think that would make sense in the long term. just as. with so many questions still unresolved young people are still unclear about whether they'll win or lose after briggs it. well it's not only young people that are gauging how bracks it will impact then let's bring in darren jones he's an economist and a professor at lancaster university wellcome and the fears opposition a threesome may in her drive deal have been experiencing last week seems to be
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fading do you think this agreement will prevail after all. well hello christoph certainly she seems to have seen north the challenge from hard line breaks it says in her own policy who threatened to have a vote of no confidence in the prime minister they seem not to have succeeded in doing that but there's still a big challenge for mrs may to face when this proposed deal comes to palm and probably next month and there it looks quite likely that the deal could fail and if that happens then it's unclear what the way forward will be however the leaks that came out of the discussions between the european union and the u.k. last week suggested that the deal was going to be a whole lot worse than it has turned out to be and there are little carrots in that mrs make an offer of both the d u p democratic unionist party in northern ireland
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and also the hard line breaks it says in her own party so it's possible that over time before this vote she may be able to persuade some people to come on to sign onto her side now the government governor of the bank of england are supporting are those plans so as britain's biggest industry lobby organisation do they feel this is the best deal that they can get. i think it is the best deal that any british government could have got in these negotiations subject to the red lines that were there both on the european side and on the u.k. side there's also certainly a fear of what might happen if there were no deal as the outcome to all this to the deliberation that is going on with no deal we could end up with long queues of freight ports we could end up not being able to get food into the u.k. not being able to get medicines and the u.k. and also a severe loss of national income in the longer term as
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a consequence so this great fear amongst business for that and that may be why they have swung behind mrs may steel and guarantee briefly on the note of a hard back seat of a no deal being there do you think companies have done enough to prepare themselves some companies have certainly done a lot of work to put prepare themselves in some cases opening offices on mainland europe or in the republic of ireland in order to ensure that they can carry out their business beyond the breaks that date of the twenty ninth of march next year. and it remains to be seen generally how well equipped the country is to ensure that supplies will be maintained and the be as little disruption as possible in the unfortunate event of the hardest of hard drugs it's karen jones of lancaster versity thank you so much for speaking to. are the latest i
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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 new i phone models launched with the. just last month apple shares surged to a record high. that's it for me on the business team here in berlin and if you want more do go ahead and check out our social media feeds on twitter and facebook for now thanks for watching. the two. greg. greg. the tragedy.
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