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tv   Business  Deutsche Welle  August 27, 2019 4:45pm-5:01pm CEST

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and he transformed struggling v.w. into a global powerhouse headed on p.s. dies aged 82. and then fizzle and lets do business a us court has ordered from a judge johnson and johnson to pay of a huff a $1000000000.00 for an opioid crisis that's ravaged the state of oklahoma the judge blamed aggressive and misleading marketing the company's share price rose based as are expecting a high a fine. he's probably a peanut boxes son austin is one of $6000.00 oklahomans believed to have died from an opioid overdose since the start of the millennium a promising american footballer he died in his prime. austin was living a nightmare the nightmare at prescription drug abuse now the 1st of thousands of lawsuits aimed at holding manufacturers and distributors to account has made it through trial cleveland county district judge that borkman have said
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prosecutors have proven johnson and johnson helped create a public nuisance that would take decades to repair. to a woman's today judge walker has affirmed our position that johnson and johnson motivated by greed and avarice is responsible for the opioid epidemic in our state. johnson and johnson will finally be held accountable for thousands of deaths and addiction caused by their activities prosecutors in oklahoma initially hoped to secure $17000000000.00 from 3 companies however one of them tiva pharmaceuticals settled out of court for $85000000.00 a 2nd page to follow which produces oxycontin also settled this time for $270000000.00 now after the johnson and johnson ruling the state says it will have to be satisfied with the almost $1000000000.00 total raced. johnson and johnson was accused of flooding the markets with painkillers and deceptively appetising them
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the firm denies wrongdoing saying its claims were backed by science he plans to appeal against the oklahoma court's decision. we have sympathy for all who suffer from substance abuse. but johnson and johnson. did not cause the opioid abuse crisis here in oklahoma. or anywhere in this country. for thousands of more claimants around the united states disagree. with this story doesn't just affect the u.s. that's talk to our financial correspondent in frankfurt sunday as the company's go to fight is but will it actually change the way it markets its medication. maybe just related to the opioids even though it meant is that the marketing is bad
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scientifically but overall change in strategy i really don't see the that happening because let's face it ben these pharma companies on the most ethical when it comes to marketing or getting their drugs approved whether it's paying money to fund academic research academic notes is concerned or whether it's in this case is marketing misleading marketing is concerned so clearly and there's also the ad that aspect of bribing doctors to press them to prescribe their own medicines some analysts say this case will simply drive big pharma into new markets and already has. indeed it has he has. opioids have been money spinners for pharmaceutical companies in the us especially the pharmaceutical companies were actually struggling to generate profits with the kind of spending they have on research and development the only d.c. of you've already seen it in the u.k.
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that the government is it reviewing the prices and this after $2624000000.00 opioids prescribed by the end it's as doctors in 2017 as touched on the 1st of the frankfurt so can say. well it couldn't come at a better time for prime minister narendra modi the economy is showing signs of distress and the reserve bank of india has approved a record payout to the state it's due to a much higher than expected dividends and surplus thanks to a new economic capital framework that it's adopted that's raising the eyebrows of some critics the $24000000000.00 windfall comes amid a slowdown in economic growth to a 5 year low and reports of tens of thousands of job losses especially in the auto industry states also say the extra funds will allow the government to contact says and provide more money for housing part of the payables would be pumped into banks which should help reduce lending rates analysts say the transfer rivals the
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stimulus some g. 20 nations pumped into their economies during the global financial crisis one economist who's been closely following developments of the claims the central bank is losing its functional autonomy and essentially becoming a piggy bank for the government well that could scare off investors as crunched the numbers with dave chata g a business reporter based in mumbai 1st of all what's the new methodology it's adopted to calculate this record payout it sounds a little wishy washy. value of the committee which was headed by the former reserve bank of india r b my child a decision it was supposed to make was to keep a fine balance between the r.b.s. i guess needs it was should save the money for a rainy day i would there should give the money back to the government of india now to be marginal and he is a very respected figure in the indian financial sector has because i didn't use this solution which basically means that i should abolish realized 5.5 percent to
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6.5 percent of the balance sheets so yesterday the board decided to meet the level at 5.5 percent of their balance sheets and this is a this is freed up a lot of money for the government of india is the bank of india. as expected of course it is a lot of money and it's a big decisions that are being made but tell me just how independent the central bank actually is because the former governor quit last year over those very reasons the independence of the r.b.i. . absolutely the independence of the reserve bank of india has become a topic of odd debate in india at least 2 former reserve bank of india governors and are due to go another have with the organized in england interference the relations between the ages of bangkok and their governors and the more the government has remained frosty since more the us come to the power in 2014 but the
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good news is that the present reserve bank of india governor mr sharp the current there is a former government servant has worked closely with them or the government and especially on the the money division of the indian currency which ended of course in the use deception of the indian economy so mr das relations with the present government at new delhi is quite good and that we can see we can see quite. convincingly that this guy is on the right track along with the izzo bank of india but just briefly the funds are really going to help the modi government and help the economy. well there are more the government does but at least. where it could find the economy is slowing down the corporate earnings of oiling back to the sips of falling so certainly the got more the government needs this money and a large part of a more the government was planning to raise funds by selling the government's taken public sector units and in fact that money is also not coming because they stock markets are falling so what the government can use this money for various various
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of its own expenditure and what some analysts and economists are saying the government grants to reduce its borrowing which is of course a good news for the finance ministry because then it would make it build to maintain it's just a little bit out there but the current financial year which ends in march next year the charity for us in mumbai thank you. chinese startup make v. is continuing with its plans to go public in spite of the political unrest in hong kong according to insiders the artificial intelligence firm is hoping to raise at least $500000000.00 it wants to use the revenue for research and development marketing and its worldwide expansion. china is relaxing limits on the number of new vehicle licenses granted by local governments to help boost the ailing auto sector european order stocks rose on the news china's trade conflict with the u.s. and a slowing economy of local consumption car sales have fallen for 13 months in a row experts believe the world's largest auto market will shrink by 9 percent this year. he was one of the most powerful men in the international car industry.
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has died aged 82 as head of v.w. he is credited with reviving the german firm's fortunes and putting it on the road to becoming the world's biggest what about a factory. he had v.w. in his d.n.a. ferdinand was a man practically born in the driver's seat p.s. grandfather was fat and pusha the man who designed the iconic folk frog and beetle . discovered his passion for cars and technology at an early age he studied mechanical engineering and after climbing the corporate ladder became c.e.o. of the v.w. group which was then nearly insolvent transformed the company. scooped him up you do not run for the you are always winners and losers see. me and with our partners which v.w. has across the whole world i intend to be the winner. within
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a few years v.w. was again making a profit that laid the cornerstone for his reputation as a visionary car executive when v.w. acquired porsche pierre who's already group chairman the merger with a long time ambition of his the father of 12 children believed v.w. and pushup belongs to. that in 2015 p.s. found himself in a power struggle with the w.'s then c.e.o. martin venter corn it was a struggle ph lost and he resigned an abrupt end to a story to korea. a top of his shuttle buses now picking up passages in singapore out of a 3 month study to assess the safety and commercial viability of the service trials taking place on the resort island of sentosa and is being closely watched as tech firms in order make his race to build self driving cars a global autonomous vehicle market it was written worth $54000000000.00 a year that it is expected to increase and fold in the next decade.
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and u.s. retailer costco was forced to cut short its open day in china over safety concerns crowds of bog and hunters swamped the store in suburban shanghai the white house out there posted a message on its apps a ing it would have to close its doors just to overcrowding situation also cause massive traffic chaos in stores and neighborhood. quite a lot about the time for him to show their business with it.
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the an.
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odd. kickoff to a dream is the magic number a symbol misleading come secured loans 3 coins with the trio gongs oddo minting come on come on i'm against raymond davis who's in and do some golf come up in mind crime out of the assault in the am i am slim and dusty with his own country again shall some odd. duck. i'm secure in the fire more than target and in the end this is a me. you are not allowed to stay here and more we will send you back. are you
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familiar with this. with the smugglers were alliances of the what's your story. ready on what numbers of women especially are victims of violence in. take part and send us your story we are trying always to understand this new culture. or you are not a visitor another years you want to become a citizen. in for migrants your platform for a while information. the quiet melody rizzo's michael light of the mood. and did some dreams resonate within its soul. the mind and the music. going to open 1st round 2019
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from september 6th to september 29th. 50 w. news live from berlin europe's top human rights court for bewkes russia over the death of the n.c. pride campaigner surrogate magnitsky the court said that magnificent these treatments interest in it led to his death back in 2005 so what if any of the consequences now be for moscow. also coming up brazil's president.

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