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tv   Business - News  Deutsche Welle  December 10, 2018 2:15pm-2:30pm CET

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between washington and beijing. that story and more coming up adventures you don't businesses cannot also encourage you to have a look at our web site. dot com for more news and information to stay you know the best is coming up shortly. take it personally you went with a little bit wonderful people and stories that make the game so special. for all true families. a son. took on more than football longline. their. hands you know this is you know five minutes four minutes young. boys has
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a power and beauty combines he has it all. it's in the pantheon of the great tenors certainly he's one for the ages. of ten or for the ages starts december twenty second on g.w. . china someone's the american ambassador over the indictment of wild ways chief financial officer at the chinese company violate sanctions against iran or is washington using this as a pawn in its trade war with beijing. and another executive remains behind japanese prosecutors charged filming this on the chairman carlos ghosn with underreporting his salary. and been physical and let's do business.
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the arrest of a wild way executive is rattling asian stocks tokyo's nikkei index closed more than two percent lower hang saying in hong kong down by about one of the half percent way c.f.o. one shoe was taken into custody in canada last week at the behest of u.s. authorities and is fighting to be released on bail for health reasons another day another sign that monks a rest could spill over into the u.s. china trade dispute this time claims of poor treatment in the media. now there are already some media reports revealing details of monk one shows treatment in custody including some inhumane measures such as not giving her fundamental medical support . we believe this is inhumane and infringes on her human rights issues. and that's one more reason for investors to worry stocks in asia continue to slide this week in the wake of the arrest tech stocks are among
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the biggest losers in tokyo hong kong and south korea chip makers like hynix and producers of smartphone displays like japan display among them. the chinese foreign ministry accuses the u.s. of violating the legal rights of man one joe it urged the americans to withdraw all the arrest warrant. mung was taken into custody in canada last week while changing flights in vancouver her arrest followed a u.s. federal warrant and is expected to lead to an extradition effort by the americans federal prosecutors allege that while way used the hong kong shell company to sell equipment to i read in violation of u.s. sanctions they also said that maung personally misled american banks about what ways business dealings in iran is fighting to be released on bail for health reasons. the u.s. government is trying to downplay the impact of her arrest washington says it's a criminal matter which is separate from the ongoing trade negotiations but
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investors seem to doubt that it will work out that way. a great thing is standing by for us in singapore she said asia correspondent andrea said more trouble for weiwei. this is a very interesting case unfortunately there is more trouble in camp we things are not looking good for me once and specifically she's requested. you know she's with us a bill of up to twelve million citing health reasons and she's even offered to put up two homes you couldn't do that amount ask electoral i know she says cuse of conducting business in iran for its telcos using ag and unofficial subsidiary called skype on monday while we and to top it all off japan it's not just announced that he will not be using o.e. as well as it to be quick and on its five g.
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networks will really icing on the cake. how are the chinese taking all of this andrea. clearly not very well and expected to be so that to beijing says canada has breached the bilateral agreement by failing to inform the consulate immediately after the arrest and apparently that is plenty of the agreements and the chinese authorities have also summoned the u.s. and canada as ambassadors demanding them to release her as soon as possible. top of ways revenue comes from europe the middle east and africa can it survive without the united states well to be honest probably not and this is a lot to do with china being on the look i mean china overall is going to be on the losing end of this if they retaliate with a ban on u.s.
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tech products i mean it may not be well for them because if they do not get access to a government run infrastructure telecom infrastructure which a lot of telcos have to seek permission from and those if those government bodies do block well we then there's very little that while we can do to go out grow out of these of the u.s. as well as these other countries as we know in japan has now of joined the fray over europe and australia as well as new zealand in blocking while we take from their five g. network so really trouble in the us will also spill out to other markets as well and surprisingly because when countries start blocking these networks blocking what we from these networks. it will mean that they have very very little room to grow breaking for us in singapore. international trade tensions have left a dent in germany's economic growth in the third quarter the economy shrank for the
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first time in three years but now there is some hope for recovery you know toba germany source like boost to its export sector and compared to a total last year exports were up by eight and a half percent the import industry grew as well by even more eleven point three percent and it's this increase in imports it's helped to produce the trade deficit which was at just over eight hundred billion euros the trade deficit in october was eight hundred million euros less than the previous year but will it be enough to placate washington that's a question i'd like to put to conrad booze in our financial correspondent in frankfurt what do you reckon. well at least the critics of germany have to acknowledge that development goes in the right direction of course the most significant increase in imports here in germany came from other eurozone countries and also other countries of the euro area the trade surplus we have with the united
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states only has dropped a little bit but i think it's fair to say that at least for the moment it looks like the german trade surplus these are the the united states is not so much in the focus of anger of the americans we've seen this you know meeting of the german auto bosses in the white house last week since then no new american talk about import tariffs on german cars or about you know how the german automakers rip off the americans it looks like at the moment the focus of the u.s. administration is really much more on the conflict with china and of course today's export import numbers from germany should come down the criticism of germany here as well but the numbers don't seem to be coming down trade is there in frankfurt. yes that's true the stock markets here in frankfurt is continuing the slide and
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remember last week the german share index stacks lost around about four percent everything continues to be in risk off that's how traders put it because well the german numbers today were positive but for most other parts in the world the economic data we've been getting was negative france the central bank there how the growth forecasts for the current quarter in japan the numbers are down the united kingdom the economy that has barely grown over the last quarter and especially the manufacturing sector in the united kingdom is not doing well that's not as traders put it the environment that you see you know encouraging investors to invest money and it is a risky business of abu's in the first of the preferred stock exchange. tokyo prosecutors have charged former miss on chairman thomas going on allegations of financial misconduct he was arrested last month accused of underreporting his income by about forty four million dollars over
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a period of five years and since being detained in this facility the charges today mean continued to tension for gun and one other executive is not itself is facing indictment for making false statements in an annual report. so facing christmas in a jail cell earlier we talked to michael paine president of the shin gets a news agency in tokyo we asked him how he thought guns case would play out. yes well ago and it's definitely a very rough situation what will happen now is that they're really arresting him essentially on the same charges but they're extending them now to three additional years and this does mean that the prosecutors can keep him hidden away from the world and unable to defend himself in public for another twenty two days which as you say means that right up until the end of the year now he will be he will be in
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a kind of a cold prison cell which is very with or without heating so yes he will be in tough situation in terms of the pro the the indictment there's a ninety nine percent conviction rate in japan once they the prosecutors indict you so he does seem to be fifty facing a difficult legal battle to keep the job on employees went on strike this morning. long distance traffic came to a standstill affecting millions of passengers the work is one of seven and a half percent pay rights negotiations broke down over the week it. it was the first story japan rail strike in three and a half years and no one was fully prepared for it especially not the affected passengers who knew nothing of the pay dispute between d.p. and its employees. on new zealand trying to build it but what kind of. the strike ended after just a few hours but it was several more hours before services returned to normal here
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so we're very affected because we're going to make a business trip tomorrow so we're now in the trouble and to try to test an extreme . possible way. the roughly one hundred sixty thousand employees a demanding a seven point five percent pay rise d.p. is currently offering five point one percent with an option to take extra time off instead it's not clear when talks will resume and it might not be long before the next round of strikes rolls and. i stay in business with it.
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