tv Business Deutsche Welle October 22, 2019 3:45pm-4:01pm CEST
3:45 pm
finally that. fall comes up demonstrated demonstrates it in 6. this is business. as welcome japan and south korea have been at loggerheads for a while over the treatment of korean prisoners of war by the japanese in world war 2 now japanese apple make a unique low fanned the flames of the conflict that extent a damaging trade between the 2 important economies in unique loz latest t.v. spot south korean consumers feel the former colonial powers knocking victims of wartime oppression. well the commercial shows teenage fashion designer care astrologers asking 97 year old style icon iris out for how she dressed when she was young how did outstanding answers you were my i can't remember that far back. in south korea that was translated to how can i 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
3:46 pm
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 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 it would depend on what you think i do now and 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 youth i'm not denying that or she says
3:47 pm
it's impossible to ever forget that awfully painful memory the japanese company ascends pulled it but the long and deeply held grievances over its home country's wartime activities mean some south korean consumers are not only unlikely to forget they're not about to easily forgive either. exxon mobil is in court today in new york for financial fraud the state's attorney general has accused the oil and gas giant of misleading investors about the costs of climate regulation to its business the lawsuit argues that exxon systematically minimized financial risks associated with climate change when evaluating new projects on a list say that if the company had been transparent about the financial impact of government action to limit global warming investors would have forced exon to invest less in fossil fuels. now let's get more on that from our financial
3:48 pm
correspondent jill any who joins us from frankfurt several u.s. states have tried to bring climate change lawsuits against all companies in recent years most of failed in court what's different now well the previous these previous cases were brought under this idea that exxon and other oil companies have helped has helped contribute to climate change and they should pay some of the costs the court said that this is not their area to decide on that that should be left to the executive parents and congress this case is a lot different because they're bringing this under a shareholder fraud case this is a very well established legal precedent that this they're using the same law that was used to investigate banks during the financial crisis so there's a lot there's a lot of precedent here if this carries is successful what would it cost x. on. the new york attorney general and it's an absolute lawsuit has said that this this fraud because investors already between $424.00 and $27000000.00 and
3:49 pm
$1600000000.00 so they could definitely be forced to pay that back to investors but this also comes at a time when there's a lot of questions about the future of the oil industry and this could also sort of enthusiasm for owning oil stocks. fell to the land in frankfurt thank you. and now to some of the other global business stories making headlines today the russian africa forum is about to start insulting friend and expects $47.00 african leaders for this event for moscow africa's potentially lucrative market for russian products including weapons and as the world's leading producer russia is also looking to sell grains to africa's ever growing population. china's foreign minister says he is confident of an investment deal being clinched with the e.u. calling the un china each other's biggest economic and commercial partners he also
3:50 pm
warned that the e.u. would lose out to other countries already in china if it delayed talks on free trade which he wants to commence as soon as possible he did as pro-democracy demonstrations continue to roil hong kong its government is stepping up financial measures to a transport and tourism with protests going on for several months now officials are hard pressed to figure out how much money to put aside. this footage shot at the beginning of this month shows a train station damaged and closed off after heavy protests inside prompted a suspension of the entire subway network the stations have gradually reopened in the last weeks but delays in the repair work mean service for the $4000000.00 passengers a day isn't quite back to normal yes hong kong's government has released measures worth $255000000.00 are on the way the package includes items like fuel aid for
3:51 pm
taxis and many buses for half a year. public transport sector has been. because of the marches and demonstrations on the streets. went on or this kind of a subsidy scheme would help relieve. operating pressure of the transport sector i think it would but more importantly if so side people. commonly last demonstration and then perhaps stop. and even more then. it's unclear when and whether that will happen in the meantime the hong kong government is also looking to top up its sinking tourism numbers it's reportedly in talks with the travel industry over additional support in the form of airfare and hotel subsidies. you would have thought that people
3:52 pm
start fighting over something as mundane as. sand as an essential component. of concrete is the stuff which growing megacities made in cambodia sound is being grabbed from the mekong river alarming rates with disastrous results for local residents. removing too much sand from the bed and banks of a river can disturb its equilibrium here the may come washed everything away trees the riverside road. the houses on fire you don't get a but it was night time you were asleep and suddenly we heard a noise we thought it was the children but then the house started to move i was terrified we crawled out and ran away. but not my. yellow kemi is the remains of the house to build a shack with one bedroom and a kitchen but no inside walls or a toilet the family collects rainwater to drink and when they look over to where their small plantation once was with
3:53 pm
a wooden house stood they can see the barges on the river high in the water when they arrive empty and low when they take away the sand from the river bed. this is happening in many places in asia in vietnam in malaysia in indonesia sand has been pumped out of the river for years causing banks to collapse and rivers to change course. we're not making much water and i don't know where all those people come from or who they are there are so many digging machines i only know that they've come to get the sand. some neighbors have stopped by they say the river has carried away more than 100 homes some are still sleeping outdoors along with their children . yet above the sand belongs to everyone to el of us people are taking it away and driving us to the brink of ruin at one point the villagers were so outraged they gathered on the riverbank to protest no no no we were standing from here to over there. we cursed them and yelled go away go away.
3:54 pm
but they came back home but we were too poor so we lost. the rich people have won. here outside the capital numb pen there are piles of sand for the city's building sites like here this man works for an environmental n.g.o.s. 2016 which checked official shipping documents and discovered that cambodia had claimed to be sending a little sand to singapore and singapore registered many times more so something doesn't add up but the government has never commented on this. sand used to be something that never ran out but now it's become a sought after resource and the foundation of the wealth of cities. now is the. future of public transport the germans. think so tested one of its flying taxis
3:55 pm
in singapore. to test flights in singapore involved a pilot but the final version will be able to fly without one of all the coptic can travel up to 110 kilometers an hour carrying 2 passengers and their luggage bill to cover short distances it can stay in the air for 30 minutes the company believes its biggest market will be cities like jakarta and bangkok which suffer from intense traffic congestion. many of the world's largest legacies. in the phasor so obviously this is a natural market to us and we see great progress on the side of the your forties you know making new modes of transportation available so asia is a natural fit for volvo propter. follow copters says the service will likely appeal to business travelers eager to save time but is hoping that the general public will one day be able to afford it to. the follow up there is an electric power drone
3:56 pm
which runs on 18 brochures as a result it's much quieter than helicopters which require fuel. to german startup is backed by car maker dai miller in september and in that instant was joining up with the holding group which will bring its air taxis to china which they hope will be the future of our ben travel. to try it out that's it for me and the business team for business use interviews exclusive features. dot com slash its focus on stage. right after this quick look at global markets at this.
3:58 pm
because. they claim into the business good table but didn't suddenly. explode stomach pressure. that shuts down that segment. twists of fate the business guy. 90 minutes of deep double. speak this language of. music theory or some. new field. and does this say your heart racing. comes in the right place. driving on t.w. . says he.
3:59 pm
borrowing a. symbol of a long conflict in the philippines. between the muslim. and the christian population. last. spot you like the city center. president detergents response was. named book club game of the law. the reconquest turned into tragedy. this is not the kind of freedom that we want. how did we become a key point to islamist terror until now you see sarah gardner more sitting there has. been exclusive reports from a destroyed citrus. philippines from the site she starts october 24th.
4:00 pm
leg. cut. play. this is deja vu news live from burlesque what will become of northern syria that's what turkish president pressure temperature want and his russian counterpart vladimir putin are discussing their meeting comes as turkey threatens to resume a military offensive against kurdish forces in syria. also coming up the emperor sends his japan's national he to formally proclaims itself the new had of the world's oldest hereditary monarchy. and canada's prime minister wins a 2nd term justin trudeau as liberal party comes out ahead.
20 Views
Uploaded by TV Archive on