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tv   Business - News  Deutsche Welle  January 12, 2019 2:02am-2:15am CET

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way makes the headlines for all the wrong reasons again another of its top executives gets arrested in poland on charges. also on the program more legal troubles for. prosecutors filed new charges against the top executive. and a partial u.s. government shutdown angers federal workers but its consequences will soon be felt in all sectors of the economy. it's time for business on the u.w. . welcome to the program why we have to take care when they travel abroad these days after the arrest of the company's c.f.o. in canada now another top executive is being held by polish. this time on espionage charges china says it is disturbed by the news. a chinese while we employee and a polish cyber security expert who served as a domestic intelligence officer they are the two men charged with spying by polish
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authorities. are suspected of espionage on behalf of chinese intelligence services against poland is an important investigation into serious events that threaten the security of poland. will not of the. western intelligence agencies have been warning the chinese government could use well ways products to collect data they say the tech giant which was founded by a for my chinese on to help the company's reputation. accusations against nissan's former chairman charles golvin are piling up japanese prosecutors now filed two additional charges of aggravated breach of trust against the executive go in was the man behind nice and strategic alliance with. when this footage was taken back in may two thousand and sixteen carlos ghosn was allegedly already a big time fraudster also his accusers say. then in
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november last year the bubble burst and was arrested in tokyo the sixty four year old was charged with repeatedly under reporting his pay to shareholders and embezzling company money but go on says he's innocent. colonel scone was famous for his luxury as a lifestyle including many villas around the world and fancy family holidays a glitzy executive with three passports born in brazil the son of lebanese parents became one of the most successful c.e.o.'s not only in his adopted home of france but across the world in the mid one nine hundred ninety s. gone took over at the helm of embattled french comic. and oversaw a restructuring program that transformed the company's fortunes. he then forged an alliance between i know this and mitsubishi which helped to make a turnaround the scandal has shaken the international auto world in particular
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there are tensions in the french japanese alliance after his arrest go in was discharged from both nissen and mitsubishi he remains c.e.o. of. the partial government shutdown in the united states has left more than eight hundred thousand federal government workers unpaid for nearly three weeks donald trump has so far been unable to agree with the democrats on border security and his proposed war with mexico it's not clear how much longer the government agencies will be closed but the costs are adding up. ah. several hundred government employees spray freezing temperatures in protest against the ongoing trump government shutdown for them this is not politics it's personal. i'm already on a pretty tight budget living in d.c. is very expensive affording an apartment in d.c.
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is pretty expensive and you know not knowing how long this is going to last i've really had to budget as much as i can and to say ok we're not spend anything for weeks at a time because every day i don't know when the shutdown is going to end i've talked to someone and i've asked them if i can get a loan for a mortgage if this doesn't i mean my mortgage payment if this doesn't end at the end of january or so. and if it continues longer on have to go into my retirement money to pay the bills the bills keep coming they don't stop. with employees across the country facing financial distress the economic costs of the shutdown is adding up estimates by rating agencies standard and poor's put the cost of the last government shutdown in twenty thirteen at twenty four billion dollars it decreased the gross domestic product growth rate from three to two point four percent this time around analysts put the cost of a full government shutdown at six point five billion dollars
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a week however the current situation affects only about a quarter of government spending and just under half of all federal employees only a small fraction of those employees live in and around washington d.c. the rest of the country is affected too particularly communities with large government offices and those located near national parks. people can still come and hike in death valley national park however there are a lot of visitor services that are closed down and some areas of the park that are closed. with some operations closed tourists are spending their money elsewhere local businesses are missing out meaning the government shutdown is affecting not only federal employees but the private sector as well they're preparing for more losses because the resolution of the current crisis is not in sight our
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financial correspondent and wall street jose luis they are or has been following the markets and of course the shutdown for us a good evening to you jose luis let's get this started the worse the situation gets for the u.s. economy longer of course we also see the government shutdown these are topics that we have seen so far what can we expect in the coming weeks if the government doesn't resume normal operations. of first and foremost most important thing to consider is that nearly eight hundred thousand workers did not receive their payments on friday so that will hurt confidence and those who live month to month and confidence is still key when it comes to the economy also some agencies of the department of commerce are not publishing data economic data and that hurts the federal reserve directly at a crucial time when the central bank is becoming more and more data dependent when it comes to monetary policy i don't talk of doubt as some of the most to spectate i.p.o.'s of the year is such as could be delayed say inside the shutdown is also affecting revisions from the s.c.c.
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. we have seen the markets a little better though what are we seeing this last friday. weekly violence is a still policy of things said to the fed say patients and the trade talks between china and the us have your main indexes here in wall street close or barely unchanged on friday erasing early losses that said this is a good change to next week as the impact of the shutdown keeps a taking a toll not only in confidence but also in critical industries such as transport or to resume and as for now the bill of the shutdown goes up to three point six billion dollars and counting. in new york thank you very much and have a great weekend. if you think of wine countries you might say spain or france but have you thought about moldova they have a small country but they have a surprisingly long wine making tradition small country that is located between rumania and ukraine once the world to know it's ones. this is the famous
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winery here the moldovan capital now the conditions in the lines to the caves are ideal and the temperature is constant all year round the wine is a huge business in moldova it is little know in the world outside but even thirds are now in a push to make their products more familiar outside the region. so you look at it when you have to try it all wine ones and you will buy it working hard and travelling a lot so that people can taste moldovan wines at least once but that takes time and . these days china is the biggest export market followed by romania russia was a key customer is way down the list business has been better. has much more capacity than it currently meets the international wine market is tough to crock and the company's culture still contains remnants of its socialist past is reflected in its market position. in france that news can charge about ten year
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olds or more for a bottle of wine when a lower price category and we get six to seven euros for similar baudot new york i'm sure it's you moldova is steeped in the wine growing tradition. wineries a column for about ten percent of the republic's gross domestic product. thank winds here are exported to twenty eight countries. and most economists agree that wine is one of the few industries with good prospects. which the cars that are thirty or more living with what they thought was nearly one in four jobs in moldova is either directly linked of any culture in directly through things like producing bottles and boxes or just give everyone makes their own wine for family or to sail . in the. scrub it was the wine production of moldova has long
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funneled into russia but as the republic rugeley turned towards the west moscow planned moldovan wine imports as punishment. though of the officials. really see it but this there were some russia was our biggest market until two thousand and six up to eighty percent of all production. but then the russian embargo forced us to diversify the rule book for better or worse not sure if it got there in. russia has lifted a model but the republic remains one of europe's poorest countries with an average yearly income of less than two thousand euros even if wine exports were to skyrocket most people here would probably not benefit. at all for this edition of the dollar business thanks for watching i'll see you next time till then take care good bye.
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