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tv   Business - News  Deutsche Welle  November 23, 2018 2:02am-2:16am CET

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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 these were no. 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 cohn 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 in danger in the
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profitable alliance the french and japanese economy ministers even met today over the 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 news that. 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 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
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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 this than giving the french a lot of power in the company through to even appointing the nyssa 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 oh the ousting of goan could signify that the japanese automaker wants to expand its influence and its alliance with france's right now. it's complicated story to help us unravel this a bit 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
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making a case for going he's a representative of all of the right now i represent of 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 knesset and bold about guns misuse of company and sits but also misreporting of pay this would probably raise larger 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 nasa has put forward clearly there's a clear interest on the part of newsstand to push forward these allegations and and
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present them orally but on the other side you could argue that there's a clear interest on the part of renault 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 a 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. nissen makes around about sixty percent more cars than what then does renault its partner but renault holds forty three percent of control in a sense that means that a right now is the stronger controlling partner despite being in a weaker position there's also kind of questions about japanese corporate
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governance at stake here so japan has been through 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 so obviously a lot of national interest at stake here are 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. going was the absolute lynchpin of this alliance is the kind of ideal they have also man some people have called him so it's spent his average month one week in france one week in 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
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they're going to move towards closer integration such as some analysts was 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 h three of these companies so plenty more to watch in the weeks ahead under aspies or 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 state 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 years in ninth position germany comes in fourteenth pretty much mid-field in the e.u. is twenty eight members rumania is the digital taillight high speed digital network is paradise for business and some countries are thirty's 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 vellum and christian asked european commission vice president unzip who hails from a stony and 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 team pitted systems europe is to be doing really well. and also when speaking about solutions based on not officially intelligence we using small volumes of data then those solutions created 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 new europe . when thinking about artificial intelligence and about industrial data then i think your prose a really good chances to compete with the much bigger countries and much bigger so spry the us why does german the occupy only feel with us and europe at best what needs to change we have to create ditch the single market in the european union instead of have huge single market with more than five hundred men don't have the
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customers in fact we have twenty eight relatively small markets and for startups for. young companies it's pretty complicated to scale up here in europe we when we will continue with a fragmented europe we will send a really bad message to our small people stay at home or go to the united states where they already have huge single market with more than three hundred million of the customers of course we don't want to a cent of its kind of messages to our start ups we have to create teach to a 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 so then i'm very happy here. about our national strategy we share the same violin and even actions we are planning to take or they are exactly the same on the level of their p. a new owner down here in germany i think that in many heel member states including
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in china people they caught that this understanding that when acting alone we are not able to compete with much bigger contras or global service providers. i'm talking about high performance computing about quantum computing of what cybersecurity but also about general efficient intelligence we have to join our forces in the era peony and only then we will be able to compete with those global services for a while the sort of countries like the united states of america or china mr vice president thank you very much for the into your welcome back. 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 the protests
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calm as the government faces pressure from international lenders to reform its economy. and that's it for us i'm stephen thanks for joining us.
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