japanese comic a new found scraps plans to build its new yes s u v model in the united kingdom. and a new twist to food shopping for nine years the liberation. welcome to devalue business asia i want to get jones good to have you with us. german chancellor angela merkel is in the japanese capital tokyo meeting with the japanese prime minister should so in a joint press conference both stressed the importance of close trade ties in times of rising protectionism this it comes just three days after a sprawling trade pact between the e.u. and japan came into force. good friends are important especially in hard times that's why german chancellor angela merkel has been emphasizing during her visit to japan a major ally in her call for free trade but their relationship is about more than trade. i am in japan for the fifth time now but we've met

seventeen times already. and we've always worked well together even at international conferences. and we have a long friendship with twenty twenty one marking one hundred sixty years of diplomatic relations for us it's an incentive for us to work even more closely in an ever more disorderly world. for his part a warrant against rising protectionism saying germany and japan the world's number three and four economies respectively had an increasingly important role in protecting multilateralism both countries face similar challenges a rapidly aging population and the need for improved digitalisation germany is japan's biggest trade partner within the e.u. some four hundred fifty german companies are active in japan and the german chancellor is traveling with a business delegation eager to forge even more deals. cleamons cool the director off trade policy at the german chamber of industry and commerce in

brussels told us about the significance of this it's to japan. from a business perspective important sign that both economies want to cooperate closer we. 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 on free trade and openness for investment. came as call by the director of trade policy of the german chamber of industry and commerce in brussels there emphasizing the importance of open markets the trade of a britain that could soon proved difficult with threats at less than two months away and no deal in place u.k.

based businesses stand to lose access to the european single market come march twenty ninth japanese comic a nissen decided to act and shift production away from the united kingdom. the misson 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 over break that my reaction to this first of all most is absolute disappointment this comes at a time when the u.k. automotive sector is under huge amounts of pressure not only with rex it days an emissions automation four point zero amongst 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 across supply chains that truck first the e.u. . well sunderland voted for brags that free trade within europe is crucial for

nissan well it's devastating news fro city and the region any loss of future production at the plants makes it less stable but i can't say i'm not surprised you know that the the uncertainty around rex 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. now it is the high point of the indian festival coom mail us on the thirty million people are expected today alone at the gathering which is said to be the world's biggest. religious gathering millions of to that pilgrims more miles to take a dip in at the confluence of the ganges and the moon a reverse it's a nigger event that draws and massive number of tourists and it's worth hundreds of millions of dollars to an estimated one hundred twenty million people attended the

twenty thirteen mailed out and this year's to be expected to be even bigger. and for more on the economic impact of the confessed of all i'm joined by real hard then qatar a christian on who joins us from delhi rome good to have you with us religious festivals we understand can also be big money spin especially when millions of people are on the move what are we talking about in terms of money involved well monica the scale of this festival is truly something else it's mind boggling as you said one hundred twenty million people in the last edition and this year people are expecting as many as maybe one hundred fifty million people to visit over a two and a half month period of thought the numbers of very large the center and the state combined have put in about six hundred million dollars just to get the infrastructure and arrangements in order and

a report from the confederation of indian industry expects the impact economically to be something in the range of thirteen to fourteen billion dollars into what is otherwise a poor a part of the country so the numbers are very large and they expect to back things like hospitality the tourism sector but also in consumer goods companies across the board you will see a huge amount of money pouring into this part of india all right but is this a long term impact that could boost business in that region beyond such festivus. so now the coombe is a regular festival it happens every twelve years and in this case this is the hof actually use what happens every six years so there is some sort of regular amount of money coming in every time there's an edition of the festival but this year will likely be much larger because the center and the state us like the more religious minded so the amount of money being poured in this year is more than three times

larger than the last editions six years ago it's hard to gauge how much it will impact afterwards but they'll definitely be a huge increase in investment into the area and the infrastructure will last for much longer than the festival it's certainly impressive figures there thank you ron event at our i'm a christian and he joined us from delhi. a single poor authorities are investigating fraud allegations against a german digital payments company why a chart last week media reported that a wire cut executive based in a single person had falsified contracts for transactions linked to money laundering that story cause the financial company's stock to tumble since last summer wired cards has been listed on the dax germany's blue chip index german authorities are also investigating allegations of market manipulation relating to the market share price drop why a card has rejected the fraud allegations. and for more on that story

let's bring in our financial correspondent pakistan but it's in frankfurt pal you've just finished a conference call with y a card what's been said. yeah the c.e.o. marcus brown commented on the in detail on the allegations and we learned that they have first come up in april of twenty eight team when a company company employee in the department. made the allegations against another individual upon which internal compliance looked into the issue and didn't find anything they said however since there were so substantial claims they also got an extra law firm to look into it also with no results found no criminal. wrongdoing in the activity from wire card that still doesn't wipe out all the doubts there's still no independent confirmation as for example from the singaporean police just briefly investors buying it that impressed.

well they're certainly buying it there was speculation that maybe the f.t. got an early version of the law firm's report listing all the allegations their share price price is certainly up and recovering hasn't quite reached the limits of the levels of last week yet. it's certainly recovering ok pakistan but it's there from frank thank you so much. celebrations of the chinese new year are just around the corner and a growing number of people are getting tired of holding around hippie sacks of groceries the only thing they want to hold in the hand before digging in is this not. dried fish. with 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 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. 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. door that was the pump it up as many people called me and wanted me to deliver their food to them. that inspired me to sell food online yeah

that was me i just. fell under my hat. now being online demand 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 that 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. and that's business asia iran w thanks for watching.

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starts february twenty fifth on d w. play. this is the w.'s live for european powers given. major boost to the opposition and venezuela several leading european countries including germany and spain recognize one why though as the legitimate leader of the country but nicolas maduro insists he will never bow to pressure from outside also coming up a historic first the united arab emirates rolls out the red carpet for pope francis

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