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tv   Business  Deutsche Welle  September 24, 2019 7:15pm-7:31pm CEST

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his assurances to feet about lifting the ban but nothing changed this time he's different that means images like these stadiums with only men inside could become a thing of the past in iran. thank you so much for watching my colleagues now jim allow is up next on thinking about the out. story so that people who've world over information part of. the fenians they want to express g.w. on facebook and twitter up to date in touch follow us. and.
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'd german courts appear to have caught up with the europe's biggest carmaker prosecutors have charge of the seal of 5 thugs and 2 other top executives with fraud over the diesel scandal but if it too little too late. also on the show slash and burn agriculture ether felton's of hector's a forest in madagascar for a year and eventually makes for worse farmland. in the world the biggest black sea exporter had. been hit by falling prices but kenyan producers hope making
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a better product will bring in bigger profit. business b.w. business i'm joined now the milan in berlin welcome german prosecutors have charged box on c.e.o. and 2 other top executives with market manipulation. is accused of intentionally deceiving investors overthe company's role in illegally faking emissions test results of their diesel engines the resulting scandal cost $5.00 billions of dollars in fines and liability investigators say intentionally delayed informing investors of the find to protect stock price. and for more on this i'm joined by my colleague you're a gallon at york welcome now what more can you tell us about those charges leveled against these and those 2 other executives of 3 men stand accused of engaging in market manipulation you know as top managers before swag and they have the
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responsibility off informing investors about business you know business situation if the company faces any major fines or any internal problems and prosecutors say that the 3 minute just knew about the scandal beforehand months before but they decided to keep quiet prosecutors also say that the men are just knew that the scandal would cost folks weygand billions of euros but they decided not to inform investors so they willfully will help with held these this information from the people who needed to know it but how we heard any kind of response from fox funding with regard to these charges well apparently forswearing was well prepared because 2 minutes after the release of the press statement by the prosecutors folks wagon said and i quote the allegations are grown and the company has fulfilled all its reporting obligations on the capital market lol now folks like an argument goes that you. the minute just knew about the scandal beforehand but they simply
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underestimated the fines how high the fines would be and that that was you know the mistake and nothing else just as the meeting the scandal that's almost unbelievable splitting hairs there but how do you think this is going to impact the company going forward well forswear and already said that they want to keep these in the driver's seat as a c.e.o. simply because there's no alternative many other folks wait a minute just had to leave the scan had to leave the company because of the scandal and possible successes or not and cite the most influential owners of horse wagon the porsche and these i'm sorry a pet peach family they already said that they want to keep d.s. and the driver seat as well but that could turn out to be a very difficult decision because if the case goes to court these would have to go to court maybe 2 or 3 times a week for a month and that would be a burden for the company as more details will you know come to light so that in the
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horse way you could suffer a lot not easy to stay in the driver's seat in this particular situation that you're a gallon ike from day to day there's a thank you very much for your insights. and staying in germany europe's biggest economy continues to feel the fall out of global trade wars the latest purchasing manager's data shows a german private sector activity shrank for the 1st time in 6 and a half years compounding worries about the economy there was however a glimmer of good news today the much awaited business climate index beat analysts work out september's figures came in at $94.00 higher than last month but it's not enough to dismiss the growing recession fears. a top european business lobby has warned china that the best way to give flagging economic growth a boost is to stick to its promises to open up to market forces and reform its loaded state sector beijing has pledged to stick to study course despite the
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pressure on its economy from the trade conflict with a us. european chamber of commerce and china has a mantra level playing fields with chinese firms especially state owned enterprises the lobby group wants reform to create a framework for better economic growth china's powerful economic rise has accounted for a turd of global growth in the past few years. but china is sticking to its guns beijing is in no rush to start pumping money into the economy. woman to ponder on that we believe the for our monetary policy we should stay committed to our own course. and stick to an orientation that we see is stable and healthy. we must not adopt massive stimulus packages could one think you know well so we must make sure total debt levels remain sustainable high should be good see how the foam in the u.s. china trade war has led to chinese growth falling to
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a 30 year low of 6.2 percent in the 2nd quarter i'm liz believe it could fall further to 6 percent. markets open resumption of trade talks between the u.s. and china will help give the global economy a lift but even if a deal is struck calls for reform are unlikely to go away. increased awareness of our impact on the environment has led to greater pressure it's protect our forests but the spite laws preventing their destruction huge amounts of woodland continue to be destroyed while many consider their livelihoods dependent on clearing the land those trees were standing on slash and burn agriculture eventually makes farming less viable we take you to madagascar are through the crackle of the burning prairie is a familiar sound in this part of madagascar every year farmers slash and burn lands to clear space for their next crops. even areas where it's illegal like this one
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cannot truly protect it from the flames much to the dismay of the country's leaders . burning makes the soil poorer it burns with a nice engine in it the nutrients in the soil disappear so it's important to avoid burning the soil at all costs and slash and burn farming is not a long term solution. given testament's more than $90000.00 hectares of madagascan forest with its unique lore and for it to have gone up in smoke so far this year engineers reckon it could be double that for the forestation is being further exacerbated by growing demand for crops such as wheat and ground notes and it's reached the point where the government's calling for international assistance . she would agree if they can help us by providing 5 fighting aircraft for example that's what we need says. maybe what they needs to fight the flames but to stop the centuries old practice that causes them to take much more thought now on to some of
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the other business stories we're following for you. nigeria has vowed to protect its economy from the $9000000000.00 payment it's been ordered to make over a failed gas project a british judge awarded the company processed and industrial development the right to claim the figure and asked that ministers say they'll do whatever it takes to defend the interests of the jury and its. water supplies are to be temporarily restored to hundreds of thousands of people in the zimbabwean capital harare 50 officials say pumps were switched off because of a lack of foreign currency to buy treatment chemicals they've now they now say they've secured enough for a week supply. boeing has launched a compensation fund for families of those who were killed in the 737 max crashes in indonesia and. the families of more than $300.00 victims will receive 144000 dollars while retaining their right to sue the firm some relatives have criticised
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the offer as a publicize the stunt. way executive mo one joe has been back in court in canada trying to have her extradition case thrown out she was detained at vancouver airport last december on a u.s. warrant her case has been a key element in the u.s. china trade conflict. kenya is the world's largest exporter of black tea but prices have dropped dramatically this year some kenyan tea farmers and processors are now emphasizing quality over quantity in order to stave off international competitors in kenya the farming is serious business from the central mountainous regions to the rift valley t. is green gold the cash crop has long been kenya's major foreign exchange earner to also supports many small farmers millions of people earning a living with tea here like joseph he's been
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a tea farmer for more than 30 years. farming pays but you have to take good care of your plantations every year i harvest between 17 to 20000 kilograms but every year is different. in recent years has done well but $2900.00 could be a lean year kenyan tea farmers look set to see a big dip in their earnings more than 20 percent according to current indications. that's down to several different factors demand is weaker in the main export markets like britain and russia global trade conflicts are putting a dent in the economy and currency fluctuations a dent in prices. you'll find that the prices. down. the.
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costs. for years kenya has mainly used the production method known as crush tear curl it's faster and easier and it's well suited for teabags the farm is now branching out into black tea but it's more labor intensive harvested with leaves intact but the higher quality fetches a higher price even when the market is faltering. differently especially if the productivity is maintained by farmers and factory owners hope that by shifting the focus to quality over quantity kenya's tea industry might get the boost it needs it's facing ever stiffer competition to china and india for example are major t.v. producers and exporters but kenya is determined to remain the world's leading exporter of black tea. she is. will have to pay $30000000.00 euros in back taxes
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after an e.u. court ruled it received illegal tax benefits dating back to 2015 the judge just upheld and earlier decision that fia finance and trade paid insufficient tax in luxembourg underestimating the company's finances but in a similar verdict of the court struck down a case against starbucks the european commission had alleged that the dutch government gave the coffee company favorable tax treatment. thanks for watching.
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welcome to the what is the game here or do. you talk about. coverage. with your family scattered across the globe.
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turn to the government live. far away from somalia go live around the world. urgent assistance and. starts october. this is news africa coming up in the next 15 minutes the country with the worst housing in the world will tell you why the u.n. says that country is nigeria. at taps in zimbabwe is kept running dry but doesn't that cost foreign currency have to do with . the south african who could become the professional soccer player he dreamed up but is now gone see the world.

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