and a sneak peek at what could be the times i see one option in history. and been so let's let's do business in bad form in the sun chairman thomas code may have used company funds for private use that's according to a detailed review from an external committee undertaken for the comic up at a press conference in yokohama japan the committee says they found sufficient facts to support their suspicion and the true much power within the company may have been given to go directly it recommends a majority of directors be independent and the role of company chairman be abolished cohen was recently released on nine million dollars bail after more than one hundred days at a tokyo detention center he has denied all accusations of wrongdoing for grange joins us now from singapore he's a correspondent andrea what's this mean for god or ben these signs chairman position seat remains empty and that could probably mean that

going is not going to be welcomed back however. a replacement it may come in handy said the yukky sakakibara a big prominent person in the auto industry in japan is touted to take his place another committee has been set up a committee has been set up to restructure the balance of power within the nissan renault partnership and with john doe meeks and now at the helm of this alliance he could very well find a way to say we need to hold this and rebalance the scales don't know was the main driver behind this merger with news on now that he's gone what's the likelihood of it going ahead. well it's very hard to see you know with chat with us and not at the helm you know he may have a better chance at restructuring the whole system and also having a better suite with the japanese who already felt that there was

a severe imbalance a lot of it was sweet to what the french rather than japanese which the least the entire nice on board had felt even during the the much of discussions with go on the balance of power was what me i'm hesitant to move ahead with a much it in the first place also and read their reports were no doesn't just want to merge with new some but also take over other order makers and possibly become the biggest order joint in the world but there's going to be a threat in competition to big guys like toyota and walks of rugged through what you reckon is this all just a fantasy over knows this well be the road the french comic it does take it depends on who you us been. some of these are big shoes to fill it's a very tall order to fulfill you know crossing the management as well as the production cultures from italy france japan you know it's going to complicate

matters is going to shake up not just in the sea but also within the company itself if these mergers goals and acquisitions go through now also adding to the complication is the fact that renault is riddle's key shareholder is the french government this alone could hamper any optimism of this much of going forward so we'll have to see how this pans out for the future with the alliance with this new alliance you know it's in discussions to restructure the whole partnership all together now as your correspondent on those car troubles for us in singapore thank you very much. for the first time a founding member of found founding family member of one of south korea's corporate giants has been forced off the company's board shareholders voted against chose young bold serving another term for the nation's largest airline korean air show is currently on trial for corruption is accused of using thirteen million dollars of

company funds to renovate its half. a two billion dollar blow to exports china has suspended the license of another canadian canola oil it's widely seen as retaliation for canada's arrest of the daughter of always found the tech giant is embroiled in a crisis the us wants the chinese company banned because of its links to the state the european union is ignoring those calls. knowing you is the way we love you in the current context it sounds ominous way promises a super fast chip and artificial intelligence that can record and evaluate us and everything we do. the product we are bringing to the market is a product of the future and what does the future bring we believe artificial intelligence. thanks to our way the future has already begun for the state security in china's western province beijing has installed

a system of total control to monitor the muslim minority human rights groups suspect around one million weak being held in so-called reeducation camps she enjoying is a testing ground for the latest surveillance technology and we've documented. chinese authorities often you know in close cooperation with big chinese companies like i fly tech. using everything from the compulsory collection of bio data taking d.n.a. samples in from children without permission. to the use of you know facial and voice recognition in may twenty eight hundred ways. former germany last seen here on the left signed off on a cooperation agreement with china's state security while way was commissioned to develop an innovation laboratory for future surveillance technologies if it's happening in the context in which you're having hundreds of thousands of people

being sent to internment authorities without a trial without lawyers that is a very worrying worrying development to our way maintains it's independent of the state but their website leaves no doubt about the closeness of their relationship the goal is to gather all personal data via the most intensive surveillance there's ever been the technology that's being developed in seemed is not going to stay there it's going to go through the rest of china and eventually it will be brought into the belt and road project and throughout the world that is the vision that they explicitly said in their own press release beijing is exerting enormous political pressure beijing's foreign minister should europe vet to keep while way out of the five g. market is simply immoral. we resist all attempts to exclude and attack companies with baseless allegations for political reasons. click.

but while away is finding it increasingly difficult to present itself as a tech company just like any other. it may technology is the latest victim of big collapse the world's largest maker of cryptocurrency mining chips as pulled its blockbuster i.p.o. in hong kong it originally filed the initial public offering half a year ago hoping to raise three billion dollars but then came the big crash of a proper county it's like a sense since its peak in twenty seventeen that's what many people out of business mining operations on profitable. chinese manufacturers posted there was a slump and profits since the late twentieth seventy. first three months of the year slowing demand both at home and abroad has taken a toll on businesses amid the u.s. china trade dispute with no end insights the chinese government is trying to do with it to ease the strain on industry ageing is coming value added tax raising infrastructure spending and lowering direct government into behaving in business.

the world trade continues to wane and index shows the number of container ships cruising the oceans is down by over three percent it's why they regarded as a bellwether for the health of the global economy. in many chinese ports like here in hong kong fewer and fewer containers are being loaded the trade war between china and the us has not been good for business but the decline in container shipping appears to be a worldwide trend the industry is particularly vulnerable to economic slowdowns the iowa sells container throughput index is considered a bellwether. in february it fell to its lowest level since june twenty eighth seen that's a slide of three point one percent from the previous month that's a sure sign of a weakening global economy given that ninety percent of all goods are transported via container ships. no wonder then that exporters are decidedly gloomy that's

according to a survey of export focused businesses by germany's institute for economic research especially. product manufacturers have lamented the drop in contracts confidence among germany's exporters as fall into a six and a half year low. chinese gaming company beijing is being forced to sell the popular gay dating app grindr by u.s. authorities washington says chinese ownership of the platform constitutes a national security brace according to reuters the u.s. has been scrutinizing app developers over the safety of personal data they handle especially if it could involve u.s. military or intelligence personnel right it describes itself as the world's largest social networking app for the g p t q community it had twenty seven million users in twenty seventeen. asia is one of the world's largest markets for wine

and hong kong holds the record for the highest price paid by a forked out one and a half million dollars last year for seven bottles of it didn't read the auction house other base wants to break that record. this is the cheap wine just a warm up the price the stuff will go under the hammer. the re advantages could fetch hundreds of thousands of euros. we're confident with the quality of the winds and the providence this could set the world record in this particular collector is a shining example of the new wave of collectors in the world somebody that was lucky or lucky enough to have the wealth to really focus to stop buying ones that were very young sort of young young age really focused on the very very best so the bees is set to auction more than sixteen thousand bottles of wine over a four day period raising millions for a collector. and just updating our top stories for you the debate over banning our

way continues japanese companies on points the finger soley at former chairman colace dong for wrong doing. business with you.

the rhythm of the markets.

the momentum of the working world. your business magazine made in germany in ninety minutes on v.w. . it's time. to take one step. at a. time during just such deals. and the fun for the troops. is hard to overcome but on trends and conventional. it's time for work. and you don't read news coming up ahead. minds. how's your view of the world. where i come from that oh is that it does this go it just like this chinese food that's metro where i am is

a resume minds me of hope after decades of living in germany china's foot is one of the things i miss the most about taking a step back i see for. can you tell the difference between now and. then of the express as any correlation that exists to the war has been implemented in china that's not the chinese people wondering if they're going to take it but if you have the right to a narrative that is this is just under my how i see it and that's why i know my job because i tried to do it exactly that day my name too and i work at.

this is v.w. news wires from various presidents faces fresh calls to step down from this stock after the head of the. allies they want their president declared unfit to rule street protests this spring and the country's political crisis also on the program such as president there was really a case of protests to be tested in local elections discontent is widespread but many times it's by the country's economic recession.