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tv   Business  Deutsche Welle  March 27, 2019 3:45pm-4:01pm CET

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and a sneak peek at what could be the highest priced while in history. and then just a little 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 found sufficient facts to support their suspicion and the true much power within the company may have been given to go directly it recommends the 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 graham 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
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going is not going to be welcomed back however. a replacement me come in handy is such a yucky 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 sun's shareholders in bed rebalance the scales i don't know was the main driver behind this merger with nissan now that he's gone what's the likelihood of it going ahead. well it's very hard to see you know with check with 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
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a severe imbalance a lot of it was sweet to what's the french rather than japanese which the the entire nissan bought it felt even during the much of discussions with go on the balance of power was what need these are hesitant to move ahead with the much it in the first place also agreed there are reports renault doesn't just want to merge with new song but also take over other automakers and possibly become the biggest order joint in the world exactly that is for renault and nissan finally go through much of it's not going to be just huge talking global huge because the next step is to pursue an acquisition also see at chrysler and together they will form a very big conglomerate that's going to be a threat in competition to big guys like toyota and works of rugen through what you reckon is this all just a fantasy over nor could this well be the road that the french com make it does
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take. it depends on who you us been. absolutely 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 is 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 in discussions to restructure the whole partnership all together all your correspondent on those car troubles for us in singapore thank you very much. for
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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 cho young hold serving in the 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 founder the tech giant is in broiled in a crisis the u.s. 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
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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 we are being held in so-called reeducation camps she enjoying is a testing ground for the latest surveillance technology and we've documented the chinese authorities often you know in close cooperation with the chinese companies like i fly attackers. 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. forma germany last seen here on
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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 facilities without a trial without lawyers that is a very worrying development way maintains its 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 they ever being. the technology that's being developed in scene is not going to stay there it's going to go through the rest of china and eventually it will be brought into the gulf 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
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beijing's foreign minister lectured europe vet to keep out of the five g. market is simply immoral. but. we resist all attempts to exclude and attack companies with baseless allegations for political reasons. but way is finding it increasingly difficult to present itself as a tech company just like any other. main technologies is the latest victim of bitcoins collapse the world's largest maker of credit cards the mining chips as pulled its blockbuster i.p.o. in hong kong originally filed the initial public offering half a year ago hoping to raise three billion dollars but then came the big crash for the profit county was formed by ten percent since its peak in twenty seventeen that's put many people out of business making mining operations unprofitable. china's manufacturers posted their worst slump and profits since late twentieth
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levon in the 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 being 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 through put index is considered
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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 base according to reuters the u.s. has been scrutinizing app developers over the safety of personal data they handle
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especially if it could involve u.s. military or intelligence personnel and it describes itself as the world's largest social networking app for the 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 did read the auction house wants to break that record. this is the cheap wine just a warm up the pricey stuff will go under the hammer. the ray of vintages could fetch hundreds of thousands of euros. we're confident with the quality of the wines in the providence this can set the world record in this particular collection is a shining example of the new way of collectors in the world somebody that was lucky are lucky enough to have the wealth to really focus to stop buying ones that were
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very young. 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 batting away continues while the japanese comic a new song points the finger soley at former chairman colace known for wrong doing . business with you.
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thanks. the rhythm of the markets. the momentum of the more more. your business magazine made in germany in thirty minutes on t.w. . closely. listen carefully
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to. the soon. to be a good. match. discovered. subscribe to the documentary on you tube. i think is everything challenging for some how to make a muslim. so much different culture between here and there challenging for in. the service i think it was worth it for me to come to germany. i got my license to work as a swimming instructor i'm sure now our two children other dogs just one of the toughest. what's your story take part sheriff on info
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migrants dot net. this is it we news live from berlin turning point british lawmakers gear up for a series of crucial votes to determine the fate of or exit and peace our ports are vote on a number of new options for leaving the e.u. well a consensus the merge and will prime minister theresa meet people or jobs when the dust settles also coming up the difficult conversations of british author notes
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a rise in discrimination in briggs' that era britain and explains why she's done talking to white people about race.

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