tv Business Deutsche Welle April 8, 2019 3:45pm-4:00pm CEST
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of tomorrow. i'm going for is all and let's do business applause roared from tokyo's grad prince hotel today as the sun shareholders kicked. off the board of the japanese comic the once powerful auto executives facing allegations of financial misconduct which the company fears could wreck its image. shareholders arrive to decide the fate of carlos going at a meeting that began with an apology. on behalf of the company allow me to express my sincere regret for any concern the recent events may have caused. he wrote. investors to trust the board and dismiss carrasco and the final decision on the criminal charges will be left to the judicial system however the two s's of the issue is removal on the
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grounds of breach of corporate ethics even of one of this misconduct would lead to the dismissal of any executive or employee. just before his fourth arrest last week going again denied the charges against him saying they're part of a conspiracy within this to discredit him and his plans for the company nevertheless shareholders did is they were told and approved his removal as the comic is chad and it's really such a pity he was a brilliant executive i guess he became complacent as he was being praised so much . for the piercing receiver this is so disappointing but when he came forward with his survival plan not just me but about twenty thousand employees across the world were fired as we now see you have so much money to spare and squander a few there was no need for him to fire as i really don't get it. but. the particular. again will be replaced on this sounds board by john dominic sanaa
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chairman of rent which has a forty three percent stake in the japanese firm he's promised to dedicate his energy to helping me sound through the storm. and it advice box joins us now for her perspective from frankfurt aneta i thought this was what this whole power struggle really was about between the comic is within mero alliance and now nissan is allowing renault's chairman to replace code and it was wired the whole time there were no was really taking over operations. well actually. it's a very different character than carlos go is and so he ever since he was like the interim of the replacement so i think he has things to try to please the japanese side of things so what's happening now is that he's replacing go in
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the board of miss them but he's not going to be the chairman of the board often a sound that makes a big big difference because what this son and the japanese apparently didn't like too much that carlos go was amassing more and more power in society alliance and made them feel that they didn't have a say anymore on anything. it's also he said that he was amassing more and more wealth at the cost of a company i guess over the years how can we be sure and how can shareholders be sure that the rest of the board is above board. well for now the evidence is not suggesting that anybody else on the board has also conducted such an amount or at least anything wrong i should say and it was more or less carlos go in who was conducting all these very fraudulent transactions on behalf of his amassing his own wealth if you were to say so for now as i was saying
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there's no evidence that anybody else on the board has done anything wrong factor that i suppose thank you very much. the chairman of korea there has died a fortnight off the shareholders removed him from the company's board young whole died of natural causes he became c.e.o. in one nine hundred ninety two and it was so rich growth into one of asia's biggest airlines but scandals is more recent career she was indicted on charges including embezzle mint and tax evasion. experts say chinese direct investment has passed its peak the cubans to toot for the world economy says german fears the beijing is taking over europe's biggest economy a baseless i'll talk to the president of the institute in a moment first this report. bit by bit chinese companies have bought their way into the german economy over the past few years the latest who is chinese car maker
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geale is purchase of nearly ten percent of dime or shares that's made jelly the biggest single shareholder of its german competitor and in previous years chinese companies snapped up a number of prized german firms like concrete pump maker puts muster and industrial robot manufacture kuka such transactions have triggered concerns among businesses the workforce and politicians in germany the main worry is that china is not only interested in the companies and shares but in buying up german technology and know how as well as influencing corporate strategy chinese direct investment in germany remained at a low level until twenty fifteen after that it shot up reaching more than twelve billion euros in twenty seventeen the last year did see a drop of twenty percent. analysts say that's because chinese investors no longer have as much ready cash and because the german government has tightened restrictions on acquisitions by foreign companies. president of the
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cato institute for the world economy and joins us from munich so why aren't the chinese as cashed up as they once were. because the chinese economy has gone through a very substantial restructuring over the last two years and china once was the biggest exports of capital to the of world and is no longer is in two thousand and eighteen it has run a current account deficit and we predict that in two thousand one thousand and twenty this will be the same so the souls of all this cash is actually trying out and that's why we think the chinese boom of investment abroad might be actually already over now germany is still top of china's this for european takeovers how how much is it a case of the german government being too lax about foreign investment here because we all know the chinese are extremely restrictive. so yes there isn't
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a symmetry that is clear we would like the chinese to open up and it makes sense in my point a few to threaten to close down chairman his market in order to get more access to the chinese one but we shouldn't forget open markets open for intact investment markets are very useful also to the sherman economy gives us access to this largest economy of the world the chinese one it scales are operating so for german firms and this was the shores of employment at home there is very little evidence that chinese investment has been bad to ensure many quite to the opposite very often a chinese investment has made it possible for german firms to grow faster and to secure employment at home china is still the the second largest economy in the world but it's well on its way to becoming the biggest now you say german companies shouldn't be wired but the rules china follows odd different to the rest of the world. well the rules might be different but the big question is to what extent are
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chinese investors really different so if we think about which made of course a large. impact to the creation of cooper made a large impact on the sherman opinion what if had been sold let's say to an investor from new york to open a crook would that have been different in the negative sense we think the chinese investors a strategic investors they have their own interest for sure the same would be true for sherman investors abroad and the question is at best this harm us or not up to the up to date we have a lot of suspicion and mistrust but we have very little evidence and think in order to make informed policy choices we would have to gather evidence we cannot act on suspicion only on. my president of the kill institute for the world economy telling germans not to worry about those chinese investors abroad thank you very much for joining us you're welcome robots are already taking away the drudgery of factory work now they could start stepping in way humans are more
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fallible like in monitoring our health but how intrusive should we allow machines to be. sufficient intelligence office great potential for mobility and medicine using thousands of x. ray images for searches at stanford university have trained their own homegrown to conduct diagnoses when you have to do is photograph and upload an x. ray and wait a couple of seconds for the result. it's a mass and it's this thing over here is a possibly a cancerous lesion and i can see that right over her. controls through even apparently on remarkable data like how a body moves while walking algorithms can use such data to recognize potential signs of conditions like parkinson's signs a doctor could easily miss but caution is advised. much of what we see might be
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great as it throws up ethical questions which need to be answered alongside the developments we make we don't want to situation where we are very ethical that fail to progress nor should we just freely develop things and ignore the ethical side take google's intelligent microphone's for example google itself forms in some detail what can be derived from household sounds like the length of time we spend brushing our teeth or whether we argue or if someone in the household is sick who. is to take over the world. to direct our thoughts between person and person or communication about official intelligence grants huge power to silicon valley's tech companies gemini's justice minister once data monopolies to be broken up as this thing just adapt antitrust law to the needs of the modern age for example facebook's takeover of whatsapp should have been
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prevented by antitrust law because it was completely clear what it would lead to namely a massive concentration of data being collected must concentrate so there's no avoiding it the ai revolution is coming the question is can ethics keep step with progress. and make sure you keep those fake i was doing business with it. the from. the from the by.
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in ruins are always. symbol of a long come flicked in the philippines. between the muslims and the christian population. last play as fighters occupied the city center seventeen president to tertius response was told. by the tourists will never again book called in the for the reconquest turned into tragedy. it is not the kind of freedom that we want. how did mubarak become a gateway to islamist terror and the same circle animosity as the result of an exclusive report from a destroyed city. philippines in the snow. starts. on t.w. .
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own. plane. this is deja news coming to you live from berlin libya's capital under siege a rebel general's troops advance on the city of tripoli dozens of be killed the u.n. backed government says it's launching a counter offensive as best in the country scored for a truce also on the program europe's far right to seek to join forces.
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