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tv   Business - News  Deutsche Welle  February 4, 2019 9:30am-9:46am CET

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hey this is. video game music sounded like thirty years ago. today's tracks take the experience to one another level. thanks to him talk composer nobuo uematsu. featured in many bono his music is bound to give you. sounds good. video game music starts february twenty fifth on d w. and other brands it's blue as a messy divorce is looming over britain and the rest of the european union japanese carmaker nissan decides to stay out of it and scraps plans to build its new s.u.v. involvement in the u.k. also coming up the german chancellor travels to japan for a two day visit both countries share strong economic ties and to believe in free
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markets but will that be enough to stave off trade troubles from. a new twist to food shopping for new years. i'm crystal colburn berlin good to have you. britain's divorce from the european union is scheduled to happen in less than two months the terms still unresolved and that is impacting corporate positions at japanese carmaker nissan for example with the prospect of new regulations legal standards and tariffs the company decided to shift production of its new s.u.v. model away from the u.k. to japan. the plant in sunderland produces more than half a million cars a year its new flagship s.u.v. the extra zero was also supposed to be assembled there but that has changed the japanese carmaker has shelved those plans due to uncertainty on the brakes it my
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reaction to this almost as absolute disappointment this comes at a time when the u.k. automotive sector is under huge amounts of pressure not only with days in emissions automation four point zero other issues more than seven thousand people work at the nissan plant in north east england one of the country's biggest car factories parts come from all over the world supply chains that truck first the e.u. . well sunderland voted for brags that free trade within europe is crucial for nissan but it's devastating news for the region and any loss of future production at the plans makes it less stable but i can't say i'm not surprised you know that the the uncertainty and i'm breck's it is is always a factor now in any decisions made in manufacturing. britain will leave the e.u. in a few weeks but no one knows what will happen next in the break that process a nice and clearly does not want to wait to find out. that german
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chancellor angela merkel is in japan monday and tuesday along with a group of german business leaders jens america is scheduled to hold talks with japanese prime minister since auburn later today where the focus will be on strengthening economic ties between the two countries in an era of growing protectionism just a few days ago a free trade agreement between japan and the european union has come into effect and is the largest trade pact to date that the e.u. has concluded that germany is japan's most important trading partner within the european union in the first three quarters of last year germany export of goods worth almost nineteen billion dollars to japan that's an increase of almost ten percent and germany imported products for a fifteen point two billion dollars from japan an increase of more than ten percent not only trade but also cooperation is to be expanded the main focus is on digitized nation and auto fishel intelligence in japan manufacturers produced more
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than half of the global supply in twenty seventeen making the country the top industrial robot maker now germany is fifth in that market and japan is also the forefront of other major future technologies such as the manufacture of batteries for electric cars an area where german producers are still trying to get up to speed for so there are many incentives for call for a. let's talk about them with claimants' kober he is director of trade and policy e.u. customs and transatlantic relations at the german in the german chamber of industry and commerce in brussels claimants we are sharing a family name but we're not related let's make that clear anyway good to have you on the program clarence with strong ties between germany and japan already in place what do you believe is missed medical's mission well good morning the visit of ms merkel in japan is comes at
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a very crucial point in time for increasing protectionism that german businesses suffering from service from the business perspective it's an important sign that both economies want to cooperate closer we share trade while your move over forty billion euros between germany and japan and we have a new trade deal that is set to reduce the trade barriers for both exports and imports and improve investment so this is a very much needed signal especially for the german economy that is heavily dependent on open markets internationally free trade and openness for investment know how strong a signal is that towards washington the white house and donald trump. well it's quite a strong signal a need to especially. looking at the. increasing threat
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that the multilateral trading system which is the world trade organization is coming under you have increasing trade wars between china and the us and germany businesses sitting right in the middle between all of these skirmishes so. you have. two blocs the you and japan which account for more than a third of global trade around a third of global economy and they moving together they are giving a sign for free and fair trade for rules based system it can only be a model for others and business very much hopes that the e.u. becomes a leader especially in asia with. free trade agreements not claimants the german chancellor and the japanese prime minister have both made their case for multilateralism at the world economic forum in davos lately but how much support can i go america will expect from japan as japan is relying heavily on military
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support from the united states. well to be honest many have been actually surprised by the effort the japanese have put in into saving the transpacific partnership many have set off the the u.s. retreating from this trade pact. this would be that but actually the japanese rallied around all the other partners. so even before the new trade agreement the c.p.t. p.p.s. to straight backed is now called entered into force of last year so. we have a lot of signals we're getting a lot of signals from japan that the g twenty that will happen this year in japan will be used specially to move forward discussion on reforming and strengthening the world trade organization all right timmons kober of the german chamber of industry and commerce thank you so much variance i thought that. singapore
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authorities are investigating fraud and legations against german digital payments company wire card last week media reported that a wire cord executive based in its singapore subsidiary had falsified contracts for transactions linked to money laundering that story cost the financial companies stock to tumble since i last saw the wire art has been listed on the dax or miss beecham index german authorities are also investigating allegations of market manipulation relating to the market share price dropped by a card as rejected these allegations of fraud. now for more on the story let's bring in our financial correspondent paul christian brits in frankfurt christian how much truth is in these allegations. well christopher unless you're on the inside of wire card there's really no telling it's a difficult situation the company has repeatedly denied these accusations and in the past it has been the target short sellers these were. accusing the company of
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money laundering a fraud so as we're seeing now also off false accounting and there are usually small research center firms that sometimes when we had even heard of before some were slapped with fines for market manipulation in the past and the german watched oksana she watched our bluff and is looking into that however this time it's not a small research firm it's the financial times it's usually pretty trusted source of this is a difficult situation to decide i mean seeing how heavy the stock tanked in the last week i mean you can you can feel the fear among investors they're do they actually believe what the executives of wire card are saying when they're denying these allegations. well this is pretty heavy stuff i mean this is a dax the company you know germany's blue chip and next index and this is pretty heavy stuff for for a company like this you mentioned the share price tanking after
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a statement on friday and now it looks like the share price is up a little but that might just be because people think wells drop so much now is a buying opportunity business is good at the company so that that is positive but trust will have to be reinstated progress or isn't frankford thank you. well you know how it is with the holidays there needs to be some good food so abrasions of the lunar new year are just around the corner and a growing number of people are getting tired of hauling around heavy sacks of groceries the only thing they want to hold in their hand before digging in is their smartphone. dried fish. all kinds of sausages dried mushrooms food is always the priority when it comes to chinese new year many used to prefer to get what they need from the new year market but now people's preferences have changed. the
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new year market is too crowded uncomfortable you need to avoid bumping into others while looking after shopping bags at the same time it's exhausting they. the new way to shop for food is through a few simple clicks online. but this is a huge challenge for businesses with traditional stores. however some of them are willing to try and move their businesses on line. mr chew has been running his food business for thirty years and he's one of those who's made a successful transition. one door that. has many people called me and wanted me to deliver their food to them. that inspired me to sell food online.
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that way i just i thought well i know my contact. now being online demands us skyrocketing. i have a kitchen downstairs and it only prepares food for the store here i have another larger location which mainly handles my online orders. then does it the market also see the need to move online soon since that's where the money is now. especially at this time of year food seems to be what matters the most. coke's and that's it for me and the business team here in berlin thanks for watching.
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