tv Business - News Deutsche Welle November 22, 2018 6:15pm-6:30pm CET
6:15 pm
ahmed on sunday may was outlining outlining the terms of a draft deal on post of breads that relations between london and brussels but she failed to convince opposition leader party leader journey portman who called the deal quote the worst of all worlds. all right you're watching your news we saw a lot more to tell you about including the board of car maker in the sun sachs imprisoned karl is gone as chairman ben we'll have more for you in just a moment about that story and i'll be at the top of the hour. they make a commitment. they find solutions. they inspire. africa
6:16 pm
on the moon. stories of both people need to know the difference in shaping their nation. and their continent of africa on the move the stories about to move the vision of change makers taking their destinies into their home games indeed global using multimedia series from for go. d w dot com for go on the move. going on. decides to oust carlos ghosn as chairman following his arrest over alleged financial misconduct but the french are standing firmly behind the star. and. massive chunk of its customer base over this ad a chinese boycott
6:17 pm
a luxury brand will explain why. i did fizzle and let's do business the board has voted to kick out. he's in prison on suspicion of falsifying financial reports the japanese comic his french partner brad know is keeping going on as chief executive naming an interim c.e.o. a major rift is a merger between the companies and their alliance even the french and japanese finance ministers are meeting over the matter it was an eagerly awaited decision in tokyo and around the world for hours nissan's top executives held consultations with their c.e.o. hero to psychotic then it became clear go on must leave his position as chairman of the. site is expected to be his temporary successor. carstone has plans from the plush surroundings of his executive suite to a spartan cell behind the walls of this tokyo jail rumors that management was
6:18 pm
behind his fall from grace spread like wildfire. it's a source of coup de tat by nissan those who didn't like him tonight for him internally to make him full. carlos ghosn is one of the most successful also company bosses of all time in one thousand nine hundred six he began restructuring struggling french carmaker ran zero three years later he engineered the alliance with nissan he soon had this company back on the road to success as well but a no holds a forty three percent stake in nissen giving the french a lot of power in the company through to even appointing than is on board the japanese company has only a fifteen percent stake in reno leaving it with no effective vote or power in its french partner. a complete merger would have cemented nissen's possession as the weaker partner even though the company is performing better than ran oh the sting
6:19 pm
of go on could signify that the japanese automaker wants to expand its influence and its alliance with france's ran no. spicer's from the. thank you very much for joining us on a first of all just explain to us what's going on. report on the developments here . but what we don't know is the board. well what's been reported is that going has been jailed for misuse of company profit property and under reporting of his salary but there's been discussions interesting lee that in some ways behind the scenes is a kind of corporate boardroom plot and particularly is this question about how much control newsstand has over this alliance the f.t. a while ago was reporting the financial times a while ago was reporting that the company's alliance between renault mitsubishi
6:20 pm
and the sun was moving towards a merger undergoing and it seems that nissen and some people within the company were rather unhappy with the prospect of that particularly if it was a merger of unequals with renault being the dominant shareholder and if the japanese want happy about it is that the way you go about dealing with that arrest the scene when he lands in tokyo on his play. well we have to remember that you know on the face of it there's been degrees of corporate wrongdoing so this has gone has been on the reporting his own pay misusing company yes it's and you know this there's limits of collusion evidence of it but what we know is that when you have a celebrity see someone who's put up on a pedestal they used to be manga comics featuring carlos going in japan that often they they they begin to think that the normal rules don't apply to them so in this case it might have been someone who thought that normal rules don't apply and then
6:21 pm
the rules have a habit of sometimes catching up with people but hang on a second the french say they don't have any evidence of wrongdoing. well this and has evidence of wrongdoing are we we can't judge that and we can't see what the french are saying but we have to remember that the french have good reason perhaps for turning a blind eye to this that the dominant partner and in the coalition and perhaps there isn't that there is no evidence from the french side but certainly according to japan's japanese sources there is there is some evidence here at how has he managed then to supposedly get away with what is quite a hefty crime for such a long time. well it's a good question what so far has come out as only being one person colluding with it but inevitably when you have these kind of boardroom scandals and people begin digging deep you see broader collusion across the company so i wouldn't be surprised if these kind of things come out and one more question what's the road
6:22 pm
ahead then for this huge alliance between these two big comic as well the danger is that this could be potentially an existential crisis for the alliance when you have no alliance held together by one linchpin which is one person going if you take out that lynchpin there's a danger that this alliance could fall apart it's been pursuing a kind of global strategy you know trying to get cost cost benefits across by having a common platform across the globe but if this alliance begins to fall apart there's a question about which strategy these various carmakers will need to follow in the future and that's also made difficult by the fact that the auto industry more generally is on the going serious strategic challenges others by so thank you thank you. the head of germany's employees association the b.d.a. expects growth to fall below one and a half percent next year president engel chama says deepening global trade disputes
6:23 pm
on certainty surrounding brakes it and problems in the automotive sector will continue to weigh on exports the german economy contract by point two percent in the third quarter the first quarterly decline in three years last month the government slashed its growth forecast for next year to one point eight percent chinese e-commerce sites are pulling dalton about in goods from their platforms italian luxury brand is under fire in china for a series of ads that was supposed to promote a fashion show in shanghai this week but what labeled racist on social media. he thought the point to her and those bond company ads depict the chinese woman struggling to eat typical italian food with chopsticks like pizza yet is accompanied by traditional chinese music which critics call outdated and stereotypical we have been canceled and so has the show.
6:24 pm
but the backlash in china is strong the full out is growing social media added to calm that's been joins me for more on this column how much trouble is. there in trouble yeah there are all kinds of trouble here we can start with the fallout that we're seeing in china where many are calling out the fashion brand on social media you can see for yourself that list is long and the list includes the company's own brand of bastard in china that would be kerry weighing here he is publicly resigning from his post with a stating letter posted to a bow that's china's version of twitter was also includes the chinese french model still chen who's speaking out as well here's what she says of the company she writes you don't love china you love money china is rich but also rich in values and culture and the chinese won't spend a penny on a brand that does not respect that ben there's also been lots of backlash from chinese citizens as well and that's summed up pretty well in a rather clever parody video of those ads that we saw it was posted to chinese
6:25 pm
social media as well take a look at this. welcome to the analogy of honoring. him and so during. the day we're going to show you. these. magnetic. should you have well as other girls are useless this is what china is going to have to do to i mean come on those original ads been they've now been taken down in china however they're still available on the official instagram account of building a bomb tell me what the company has to say for itself well they did issue a kind of semi apology we have a bit of it here you can see for yourself this is a statement that was released across social media by the company it says in part what happened today was very unfortunate only for us but also for all the people who worked day and night to bring us this event referring to that canceled fashion show from the bottom of our hearts we would like to express our gratitude to our friends and guests i mean what's missing from that statement the words i'm sorry maybe that would be nice now the company is in trouble yet again apparently stream
6:26 pm
shots have surfaced allegedly from a conversation on instagram with stephanie we're talking about a long established for now and fashion house right with a heap of money and a lot of people who work their special marketing how does this sort of thing get through a company you've really got to wonder you know they come out with something like this you know the chinese of course are not going to like. but will this have long term effects for the company because you know a lot of the time these companies sure they get pulled out of the platforms the items on board anymore and e-commerce sites but it only goes on for a couple weeks and then yeah you see these social media things a lot of outrage and then sometimes it fades away right in this case what was really interesting is it doesn't seem to be fading away there's some real term or real world consequences here that could affect the bottom line i mean the company's products as you mentioned they've been pulled from e-commerce science including alibaba one of the biggest in the world also real stores in china they just took their stock off the shelves entirely in china it's
6:27 pm
a big market for these sorts of low. brands apparently last year consumers in china spend more than one hundred billion dollars on luxury goods that's nearly one third of all the sales around the world so big they can't afford this kind of bad publicity ok thank you very much for coming in and explaining the story very interesting. bad marketing really can have consequences nice thing business with.
6:28 pm
the. more intrigued international talk show before journalists discuss the topic of the week it's just thankful week for britney as especially you some it looms prime minister trista may is fighting to win domestic buy in for her break the deal could be u.k. crash out of the e.u. with out an agreement that's our topic on quadriga join us. next on d w.
6:29 pm
o i. need your support t.d. the smarter with g.w. force more. what you want when you want to hope to do extraordinary. more song from dope more dead dog more. my first by psycho. machine. where i come from women are bones by this ocean for. something as simple as learning how to write them by side of those knees and. since i was a little girl i wanted to have them by sight the law of my home and he took me as them and. finally they gave up and went on by me on my side and returned because sewing machine sewing i suppose was more apropos into forgoes than writing a bible and no i wanted to reach all of those woman back home who are bones about
6:30 pm
it in two thousand and social norms and inform them of old dead be easy to write. my name is the about of people homes and i wore them. hello and welcome to quadriga it is a fateful week for britain with just twenty weeks to go until the brits that deadline and especially e.u. summit looming this weekend the u.k. and the e.u. finally announced last week that they've reached a draft agreement but prime minister theresa may is facing a storm of protest at home most especially within her own party in the hours after the deal was announced several of her own ministers are.
20 Views
Uploaded by TV Archive on