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tv   Business - News  Deutsche Welle  November 23, 2018 12:02am-12:16am CET

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nissan moves against its legendary chairman officially ousting carlos ghosn after his arrest on financial misconduct charges but the french have yet to act on the star executive who also the u.s. will know. and the european union may be a single market but it's not an even playing field for fostering high tech business we look at whether the e.u. can really create a digital single market. i'm stephen beers in berlin thanks for joining us the board of nissan has voted to fire chairman carlos coned he remains in jail on suspicion of falsifying financial reports on japanese car the japanese carmakers french partner renault is meanwhile keeping going on as chief executive at least temporarily naming an interim c.e.o. just yesterday a major rift is threatening to open between the two companies endangering their profitable lions the french and japanese economy ministers even met today over the
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matter. it was an equally awaited decision in tokyo and around the world for hours nissen's top executives held consultations with their c.e.o. hero to a psych hour then it became clear go and 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 mr management was behind his fall from grace spreads like wildfire. it's a source of kuttab by nissan those who didn't like him tonight's tim 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 engineer the
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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 if than 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 and ran no 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 over the as sting of goan could signify that the japanese automaker wants to expand its influence and its alliance with france's red now. it's complicated story to help us unravel this further let's turn to andre spicer the cast business school in london andrea we heard french and japanese officials met today on the subject what do you know they're talking about. on the one hand you can imagine the french officials perhaps making a case for going he's
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a representative of all of the right now representative the french company and also has turned around the company the japanese officials i could imagine are presenting the evidence which has been put to the nests and boards about misuse of company and sits but also misreporting of pay this would probably raise logic questions about corporate governance in the group after all if a company cannot tell you how much exactly their chief executive is getting paid what can i tell you now you heard in the piece there that there's some speculation about what's really behind this or if there is something more to the story is there any reason to believe that the accusations presented by nissan are true well at this stage there is there's not that wall we have is the accusations which in essence has put forward clearly there's a clear interest on the part of me send the push for these allegations and and
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present them fairly but on the other side you could argue that there is a clear interest on the part of brando to to cement and keep their position and try and keep together the alliance which if going indeed does go could begin to fall apart or at least be called into question. now both sides say that they want the profitable alliance to continue but obviously they face a lot of challenges maybe you can tell us about the. well the most the biggest challenge as some wise is the question about the equality between the different groups so we know that. this one makes around about sixty percent more cars than what then does renault its partner bought renault holds forty three percent of control in sound so it means that iran i was the stronger controlling partner despite being in a weaker position there's also kind of questions about japanese corporate governance at stake here so japan has been through
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a kind of larger reform of corporate governance in the last few years this is boortz into the prospect that logic companies could from external companies could have a stake in the japanese economy and perhaps this is an example of some of these anxieties being expressed through this particular tussle obviously a lot of national interest at stake here two well known car companies with big histories where would this alliance be or would this alliance be where it is today without going considering all these complications yeah gone was the absolute lynchpin of this alliance is the kind of ideal they've also man some people have called him so it's spent his average month one week in france when we can japan then two weeks anywhere in between so he was clearly trying to bring together a global alliance now with him removed it's like removing the lynch pin which holds these companies together which then brings many analysts to question whether they're going to move towards closer integration such as some analysts were
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speculating a merger was on the cards or begin to kind of go their own separate ways and that would raise rather large questions for the actual future strategy of each three of these companies so plenty more to watch in the weeks ahead under a spicer in london many thanks thank you. think of high tech startups and you might think of silicon alley in the u.s. or china where the tech scene is flush with cash but you're also both success stories like spotify or skype the market there is fragmented however and member states vary in terms of digital investment so can the e.u. create a single digital market computer programming begins at a very early age in a stone in the small baltic states is regarded as a pioneer of digitalisation it's where skype was founded and became a global player digital conditions differ widely in the european union global
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successes like skype are rare nordic and baltic countries are way ahead of the e.u. pact though when it comes to digital development denmark tops the block's index for economic and social digitalisation followed by sweden and finland a stone is a ninth position germany comes in fourteenth pretty much mid-field in the e.u. is twenty eight members rumania is the digital taillight for high speed digital network is paradise for business and some countries authorities now even offer digital services to citizens but with much key business and government data now accessible on the web countries are increasingly vulnerable to cyber attacks. so what role can the e.u. itself play in fostering digital to vela bent christian asked european commission vice president. who hails from a stone here whether the e.u. can become a global player in the digital sector. for example when talking about robotics of
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all time period systems europe has to be doing grandly weddle and also when speaking about solutions based on artificial intelligence using small wonder sulfates then those solutions are greatly here in europe where they are the best in the world so we can be proud about some kind of solutions we already created here in europe and when thinking about artificial intelligence about industrial data then i think the year present really good chances to compete with the much bigger countries and a much bigger service provider this why does germany occupy only in the field of vision in europe at best what needs to change we have to great teach the single market in the european union and the states have huge single markets with more than twenty five hundred million healthy customers in fact we have twenty eight relatively small markets and for startups for. the young companies
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it's pretty complicated to scale up here in europe we when we will continue with a fragmented europe we've sent a really bad message to our small fifo stay at home or go to the united states where they already have huge single markets with more than one free hundred million have the customers of course we don't want cent of us kind of messages to always start up so we have to create each the single market in the european union and here you have a problem with germany i don't think we have a problem with the chairman and when speaking about artificial intelligence and then i'm very happy about our national strategy and we share the same violin and even actions we are planning to take because they are exactly the same on the level of the r.p. and the owner and then here in germany i think. many heel member states.
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of people they caught that they saw on the spending when acting alone we are not able to compete with much bigger. or why those. i'm talking about before most computing. but also. we. only then we would be able to compete with those global service for a wider us or contras like the united states of america or china because of us president thank you very much for the interview about. thousands of tunisians have taken part in a general strike to demand higher wages the demonstration has grounded planes and closed schools a powerful labor union called the strike after a break down and negotiate with the government the union wants a monthly salary hike of up to thirty euros for all civil servants to protest the government faces pressure from international lenders to reform its economy.
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and that's it for us. thanks for joining us.
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