Skip to main content

tv   Business  Deutsche Welle  October 22, 2019 12:30pm-12:45pm CEST

12:30 pm
one family on a journey through a recent german history. course aniline. starts nov 6th on d. w. . the cost of climate change exxon mobil facing legal troubles with new york state attorney claiming the energy giant made itself appear more valuable to investors than it actually was also on the program at the i.m.f. the e.c.b. the nobel prize more women have risen to power and fame recently. have the cracks in the glass ceiling become we'll get an expert's view. i'm chris colfer welcome to the program exxon mobil is in court later today in new york for financial fraud the
12:31 pm
state's attorney general has accused the oil and gas giant of misleading investors about the costs of climate regulation to his business the lawsuit argues that exxon systematically minimize risks associated with climate change when evaluating new projects analysts say that if the company had been transparent about the financial impact of government action to limit global warming investors would have forced exxon to invest less in fossil fuels. now let's get more from our financial correspondent chelsea than any chances several u.s. states and cities have tried to bring these climate change cases forward most of them have failed in court what is different about this particular case. well the previous cases have been brought to try and hold o. energy companies accountable for this fraud and also to get them to pay and this is
12:32 pm
different because it's being brought as a securities fraud case as a shareholder fraud case and once that makes it a little a little simpler they're using the same the same act that was used to investigate wall street during the financial crisis so they're saying that it's they need to show that exxon knew that they that their their assets were not as valuable as they were claiming them to be and. what lawyers are saying is that simpler than proving that you know these companies caused climate change and that they should pay for it the repairs until see if this case is successful how much is next i'm on the hook for well as part of this case there's been an estimate that this caused shareholder losses of between $500000000.00 and $1600000000.00 so exxon could be forced to pay that back to to their to their investors they could
12:33 pm
also face fines for for misleading investors but i think the other the other longer term implication is what is this sort of going to do you for how investors think about oil companies in general there is already so much uncertainty about you know the future of energy and so how does that impact investors you point chose to let me thank you and a t.v. spot from japanese apparel maker unical has sparked anger among so korean consumers with protesters saying the former colonial power was mocking victims of wartime oppression controversy comes amid a record low point in relations among the 2 countries and it's radio. wow the commercial shows teenaged fashion designer care astrologers asking 97 year old style icon iris outfall how she dressed when she was young how do you answers your my i can't remember that far back. in south korea that was translated to how can i
12:34 pm
remember something from 80 years ago and thus began the backlash 80 years ago marks a sensitive time for the country it was towards the end of the japanese occupation of the korean peninsula and the legacy of forced labor and sexual slavery still strains relations between seoul and tokyo today a fight over wartime labor compensation turned into a trade dispute earlier this year with japan imposing tighter export controls on tech to south korea triggering a boycott of japanese products and its western neighbor. a boycott that's already hit unique low sales and the ad could make it worse. they're looking down on korea they're making jokes and being sarcastic when they really should be going flexing on what they did wrong we can't let this keep happening we have to stop buying japanese goods and continue to do so with pride until japan reflects on its wrongs
12:35 pm
you know you cannot get somebody then why are my dad also inspired a parody that went viral and the 2 days it's been up in it a student asks a 90 year old former forced labor about her use of i'm not going on and or she says it's impossible to ever forget that awfully painful memory the japanese company has since pulled it but the long and deeply held grievances over its home countries wartime activities mean some south korean consumers are not only unlikely to forget they're not about to easily forgive either are women finally breaking through the glass ceiling in business well following criticism europe's online fashion giants alonzo has set a goal for women to hold of the 40 percent of top management jobs by the end of 20 twentieth's. in germany there are 30 percent quotas for supervisory boards but none for executive boards but look at the top flight of economics here christine legarde she's due to become the 1st female president of the european central bank on
12:36 pm
november 1st replacing mario draghi and she headed the international monetary fund before gary and economist chris that lena. is replacing her there as managing director last week s to do flow shared the nobel prize for economics for research on fighting poverty she is the 2nd woman to win the prize in the 50 years of its existence and earlier this month jennifer morgan became the 1st female head of a german blue chip company she is co c.e.o. of software behemoth and the country's most valuable company s a p now to get an expert's view on these developments i'm joined by claudia goals and they go she is the managing director of the association of women entrepreneurs here in germany claudia so good to have you here in the studio now what are we looking at here coincidence or is it really a breakthrough of
12:37 pm
a new culture of diversity i wouldn't say so and there might be some cracks in the ground glass ceiling but actually we observe that this is a snail's pace so it rather shows sites say that there is a high awareness of the public whenever women bias to power and so we talk about gender lens and this gender lines is good on the one hand side because we have we are observing the statistics and we show women bias into power but whenever it comes to their deaths and there is the critics that it's because they are women so i think we come to normal whenever device to power is as normal then s. there it is said. and so we've been talking about more female leadership for such a long time so the times of not been changing not really i'd say at least not in germany they are in the international comparison we have like in the u.s.
12:38 pm
there are so many more women on boards for example there is 90 percent of the companies in the u.s. they have 30 percent women on board but in germany will only have 0 percent so talking about 2 women on board in the u.s. they are there's a high percentage wise executive boards are now in the executive courts and in germany there are only 17 percent so there is international comparison there are big gaps now 4 years ago germany introduced this gender quota for supervisory boards. this year the percentage of women in these committees rose to over 30 percent for the 1st time and getting from what you're telling me you think that a quota needs to be there for executive boards as well. this fix quota of course is a success and we are waiting for the flexible quote us to be fulfilled there should be more women on the executive board it's but you were talking to someone from
12:39 pm
business so we're not really pledging for a fix for this on executive ports in germany why is that. because the companies of course they should set their own targets and we need pressure we need public pressure and it's good talking about statistics and showing that there they are not enough women so far but they need other things to be done in the political framework for example we need more infrastructure for care or we need more incentives for fathers staying home with their children so i think the taxation also should be changed in germany. cloud eagles and the managing director of the association of women entrepreneurs thank you for results this morning into. south africa's economy is struggling and those who can look for alternatives abroad consulting firms are now facing difficulties to keep up with the demand to em. leslie who would see has been driving trucks across south africa for
12:40 pm
a living yes but now he's had enough. living as a buffer you got because there's going bust says and i met a guy it's is dangerous to say the leg the motherboard been for trucks all combined . it's even better for me to go in america because. i must get for my left now. leslie is one of an estimated several 100 thousands of africans currently seeking to immigrate in search of a better life qualifying for a special skills visa. we can keep up at the moment there's a lot of families that are trying to understand what does it take to leave how do i get it how do we make a stamp and. consultants are overrun with applications from skilled and unskilled workers trying to find a way out as the economy flatlines and unemployment grows immigration numbers are spiking to similar levels experienced at the dawn of democracy in 1994 but for the
12:41 pm
1st time more black south africans are trying to leave then whites i'm looking for a better future for my children so i would consider to go somewhere else we at think i can get a better education in a better lifestyle for my kids. when several run up or serve became president in 2018 south africa experienced a bounce in numbers of survivor and returning home after a decade of mixed gratian but many are left disappointed with his progress in turning around the country's fortunes repatriation consultants are now feeling the pinch rock that he said we are going through more of a debt of people wanting to return compared to last year we had ram a 4 year when our president came in but the same reasons are bringing people back home friends and family sense of purpose and a sense of belonging comfort in the next few weeks leslie has a medical appointment to finalize his moves. people was
12:42 pm
a noise my future is going to come to be don't like to be in america and to stay. there american dream holds more promise of a better tomorrow for the truck driver and oh when i step out of the plain old like see the big malls and good taste the big mac. because i hear that everything in america is. this year that's only one minor reason for going to the u. s. lesley and his wife find that the arguments for staying in south africa are few and far between. but if it's. the for.
12:43 pm
that i don't need to keep. hold for over a mention on the force i'm. also assuming that the columbia worker that missed the boat on the. dragon. has called the home. on. luxury car in the mirror humans are exploited and clearly slaughtered big brands have committed to fair working conditions and
12:44 pm
sustainable production. is monitoring the some contractors and investigative documentary goes to sleep and showing up and looks behind the glamorous facades of the fashion house a luxury behind the murray starts november 5th on d w. the be. still the off this dark is offensive in northern syria plunging nato into crisis zone does this call for more than diplomacy from germany from the e.u. . we are talking to germany's defense minister and i could come on body. or let's start with the big questions syria minister what will you say to your nato harding's when you meet with them later this week their dens are.
12:45 pm
i will tell them that the situation in northern syria directly concerns the security interests of europe and under security interests of germany wouldn't buy this if its interests and the left this is a situation where the fight against isis terrorism must be continued resolutely continued consequently we are currently experiencing a humanitarian disaster with hundreds of thousands of people fleeing injured or dead. in europe especially the europeans in nato are now being called upon to propose how the situation in northern syria can be shaped and has survived in the long term in such a way that it suits the region but also that we need a good solution regarding our relationship with our nato partners turkey to in school not to partner to a cause.

22 Views

info Stream Only

Uploaded by TV Archive on