are we close to a breakthrough in the u.s. china trade dispute global markets hold their breath as reports of just a deal might be mere news that would certainly lift the mood at the upcoming national people's congress in beijing. also embattled x. the son she's carlos ghosn hopes a new lawyer and a new defense can finally get him out of a tokyo jail and better yet meet the financial misconduct charges he faces will give you the details. i'm seeing bears in berlin thanks for joining us former nissan boss carlos gomez once one of the world's most high flying executives but for the past three months he's been sitting in a tokyo jail on allegations he falsified financial reports related to his pay now he has a new lawyer seventy three year old junichiro hero naca is known in japan as the razor and has a track record of high profile acquittals and during

a monday press conference here narco said he could not only win the bail that has alluded go on but also the case against the former executive. goannas charged with underreporting his pay to financial or thirty's his new defense witness and knew about the practice for ten years but suddenly sprung it on japanese prosecutors when they wanted to oust him. dissension in this town should have dealt with and rectified these cases internally especially as they had ten years to do so so i repeat this it is very peculiar that they have brought the cases to prosecutors now . so why wouldn't a sun target go on here or knock it didn't offer a theory industry experts however have noted discontent over its strategic alliance with. the french carmaker has the greatest stake in the partnership despite being the largest company gone was said to favor a full merger of the two companies and is now reported to be seeking

a renegotiation of the shareholding structure of the alliance jones inability to win bale has also cast a harsh light on japan's criminal justice system which favors the detention of suspects. on the tension system in. hostage justice which means if you don't confess as prosecutors wish you could be detained for a long time as a penalty this is not being criticized outside japan. we want to stress this point and have him released on bail as soon as possible. to that end here in august team center dossier about guns detentions of the u.n. human rights office on monday and guns family as you just statement arguing that the executive is the real victim. there are reports the u.s. and china could be close to a deal that would roll back u.s. tariffs on at least two hundred billion dollars worth of chinese goods at the annual national people's congress kicking off in beijing tomorrow china's

leadership is expected to move quickly to find an agreement with the u.s. . it is a grand display of power thousands of chinese leaders in one place to set the path of the republic. but the ceremonial pomp here comes amid growing gloom about the country's economic fortunes among the foot soldiers feel in the fallout as beijing stock manufacturer. just two of its twelve weaving machines are in operation the boss blames the trade dispute with washington. because some of our u.s. clients have already moved their orders to southeast asia where the labor costs are lower than here it's had a big impact on us the impact will get worse if the trade war between china and the us escalates especially in the number of orders which will greatly affect us. there is mounting pressure on chinese and u.s.

negotiators to settle that tariff war economic slowdown so groff in twenty eight hundred at its lowest in three decades brought on by n ten zero an external forces . you from your own accord when it including on the one hand china has an aging population problem and our traditional industries are suffering downward pressure is on the other hand the traditional export oriented economy is facing extradition for you through your core value their annual gathering in beijing delegates are expected to rubber stamp a series of policies aimed at addressing u.s. trade concerns abed to try to left the mood. and for more on this let's talk now with our financial correspondent new york ians quarter yes what's been the market reaction of this talk of a trade resolution. well we got away with. the markets started on

a positive note but then at some point blue chips lost almost four hundred points in value by the end of the day their loss came down to two hundred points so well overall and there is some optimism that the deal can be reached even if there still seem to be a couple of obstacles for example washington obviously. wants to make sure that china is actually also following the agreement and if not then washington just threatened to actually impose tariffs again without giving china the opportunity to retaliate and that's obviously one thing that china does not really agree on but the main reason why we saw those losses this probably also that we had some weaker economic news from construction spending and then also the news flow is rather thin and it's not unusual that when there aren't that many news out that investors on wall street take some profits we shouldn't forget generally and

february was the strongest start into a new year since one thousand nine hundred ninety one so we basically just saw some profit taking so everyone they're looking for some good news yes quarter there for us in new york thank you yes. the geneva motor show kicks off tuesday in the swiss city manufacturers from across the world have arrived to talk about their new concepts for the future from autonomous driving to software development and the continued electrification of automobiles the show comes at a troubling moment for the industry which faces a slumping chinese market and possible import tariffs in the u.s. and then of course there's briggs's which could raise new hurdles in a matter of days. and my colleague general duma lown talked bragg's it and other concerns with one of the industry heavyweights now in geneva b.m.w. chief harald krueger. mr krueger briggs it is three weeks away but it's still beset by uncertainty we could still be facing a delay of this whole process now how are you dealing with it as

a business that has a very big u.k. footprint at the clear flexibility you have to plan with volatility we have a very flexible production system we can react on changing to mons and we will see what the politicians will finally come and what will be the outcome but flexibility is all a key we have prepared for that. in the u.s. of course now tariffs on european cars remains a threat your biggest plant is in the u.s. now what will these tariffs mean to you if they come to pass i mean we have very proud that we have the biggest plant and from b.m.w. in south carolina we have a net export of from spot we are exporting more than seventy percent to the wood to europe to china and we are clearly in favor of free trade so our business model and all the investment we have shown in the united states is based on free trade and i believe this is shown everywhere in the world that free trade creates wealth. their

alliance with diamond are made a headlines now i want to ask you whether this is the future whether more competitors will turn into collaborators as the landscape becomes more expensive and more challenging. strong competitor and we both clearly pushing ourselves and together but on certain topics it makes sense to have a strategic alliance for example in the area of mobility services what we have set up a joint venture together on the case of generation two for total most driving because investments are very high you can put all the competence from both companies together and that's why we did it. now another topic sure to get geneva talking carmaker valvo says it's going to limit the maximum speed of its new cars to one hundred eighty kilometers an hour starting next year. the effort is a bid to reduce traffic fatalities something valvo says the speed limit alone can't do the car related deaths are increasing world worldwide having risen by one

hundred thousand fatalities annually in the last few years to a staggering one point four million fatalities a year one reason behind many of the deaths is speeding and germany is one of the few countries around the world that doesn't have a speed limit on federal highways recently a panel of german government german government panel recommended a speed limit for its autobahn system but in that case citing environmental concerns the planet any rate was rejected now let's go back to b.m.w. chief howard krueger for his take on vall those decision. we've also been hearing about the like the ball though they're thinking of introducing built in speed limits for their cars to prevent more road accidents would that be something that b.m.w. considers as well for b.m.w. safety comes first for example with autonomous driving and we have all the perfect rote systems and driving a system systems already on rote but safety is the top priority is for us but the most also love the joy of driving the driving pleasure. is that i know on the speed

limit. i'm not in favor of a speed limit because i mean you have to have and drive always safely and to protect the people in the environment and that's and the responsibility of the driver and that was for us in geneva now british prime minister theresa may has unveiled a regional development fund worth one point six billion pounds it's called the stronger towns fun and it focuses on job creation and training particularly in northern england the area back to bragg's a referendum with a large majority opposition m.p.'s have dismissed the fun as a desperate bribe to gain support. istm a plan to present a final brags that tax for a parliamentary vote by march twelfth. and that's it for me in the business team you can of course find more about these stories on dot com slash business m c thanks for watching.

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