as easily as they do on that. you're watching news from perth then coming up the w business with my colleague stephen bitterly for now on behalf of the whole team here i'm at the house thanks for watching. what secrets lie behind us was. discover new adventures in 360 degree. and explore fascinating world heritage sites. p.w. world heritage 316 get kidnapped now. not all think out of the gym well i guess sometimes i am but i stand up and with the company mistakes deep into the jam

a culture of looking at the stereotype question if you think the future of the country that i'm not on the time. needed to be picked for this grandmother am to me it's all about. nothing i might show joins me from the gym and funded up the . post. how do you do it japan and turkey try to unreliable carlos gomez fugitive flights to beirut but will the justice system in levanon take any action against the former auto executive we'll take a look. also on the show another year another record day on wall street the bull market is charging in the 20 twentieth's full speed and we'll discuss what's behind the optimism. and thai retailers kick off the new year with a ban on single use plastic bags. this is your business report

i'm stephen beers in berlin it's good to have you with us. interpol issued a red notice for former nissan renaud executive carlos ghosn on thursday jumped bail in japan earlier this week and fled to lebanon to avoid trial there on charges of financial misconduct the question now is whether going will face any sort of legal proceedings in lebanon and whether they would satisfy japan. outside gone home in beirut the wait for answers continues for their part lebanese officials say they will respond to an interpol notice even if they aren't obliged to arrest gone . after i suppose the general prosecution will fully implement the notice and that includes someone in him and listening to his testimony and then if there are measures to be taken then they will be taken. but there is a free to view before my niece and renault chairman could do a lot worse than the lebanese trial japan for example convicts 99 percent of

defendants gone has described the japanese justice system as unjust the japanese prosecutors would support a lebanese trial remains an extraordinary proposition however lebanon after all is friendly territory for gone seen as a son who made good and many decry his treatment in japan. he did help nissan and renault to achieve this state yes as a businessman he did well indeed as a libertines man we're proud of him. gone stands accused of underreporting his nissan salary to the chuen of $85000000.00 prosecutors also allege his skimmed millions for his personal use gone has repeatedly denied all accuse ations questions remain as to how he escaped to japan japanese authorities search his talk your residence on thursday and turkey detained 7 individuals believed to be involved in gongs briefly over in istanbul theories are flying all

over the place was he smuggled from his tokyo home in a musical instrument case did he meet with a lebanese president was his wife involved to the latter gone gave a definitive no on wednesday saying it did it alone one of his few public statements to this point. over to the u.s. now where the rally in stocks shows knows. sign of losing steam wall street kicks off 2020 at record levels 3 major indexes hitting record highs on the 1st day of trading of the year stocks were lifted by news of fresh economic stimulus to prop up china's slowing economy sentiment also got a boost from optimism driven by easing trade tensions and improvements in the global economic outlook us weekly jobless claims fell to fueling the rise to record levels. let's go now to our financial correspondent in new york he ends quarter yes good to see you for the 1st time the new year we've picked up right where we left

off haven't we nothing's changed. yeah the month the rally is still alive chips up by about $330.00 points meaning a new record high and also meaning that we're shy not even half a percent off the next $1000.00 point step the $29000.00 point mark central banks keep plodding the markets we had interest rate cuts last year here in the u.s. now as you mentioned we have for the people's bank of china starting the new year here at least them also was pumping a $100000000000.00 into the system and that clearly is getting this market going. we all know this can't last forever so what do you see in your crystal ball what what what ahead in the weeks ahead could diminish this. true nothing lasts forever but there's also the saying on wall street bull markets

don't die of old age still just because we're on the rise pretty much for the past 10 years does not necessarily mean that the end comes here and now a lot will actually depend on us corporations we shouldn't forget that one of the main reasons the market is on fire is not just the central banks but it's also us corporations spending hundreds of billions of dollars to buying back their own share then in 2 weeks earning season will kick off again so we will see how profitable u.s. corporations are and how the outlook is and then on top of it we also in an election year and we have the midterms coming up especially early march and it theoretically could spook the market depending who seems to be the leader in the democratic field we shouldn't forget that elizabeth warren of bernie sanders for example they have rather aggressive takes ideas in their minds aggressive to put it

politely in scorn of their forests in new york thank you very much and let's take a look now at some of the other business stories making news around the world. china has temporarily blocked plans for cross border listings between the shanghai and london stock exchange is that according to reuters it says the move is due to political tensions including britain stance on hong kong protests. german car giant volkswagen and the german consumer groups say they will begin talks to settle a class action lawsuit linked to the diesel emissions the 2 sides say their aim is a quote unquote pragmatic solution in the interests of customers a settlement would entitle plaintiffs to financial compensation for the loss in value of their diesel vehicles. german employment was up in $29000.00 despite an economic slowdown in the country $45300000.00 people were at work that's an increase of 9 tenths of

a percent over the previous year according to official data and that marks 14 straight years of jobs growth the overall jobless rate was stable for the year at just over 3 percent. greece israel and cyprus signed a deal in athens for an undersea pipeline the east med pipeline will carry gas from offshore israel to continental europe via greece and cyprus the $6000000000.00 project would be an alternative to russian gas but it's fraught with political and logistical challenges. over asia where thai retailers have joined the battle against ocean pollution by banning single use plastic bags the move will require that customers pay a small fee for a reusable bag made of fabric the toilet is $1.00 of the largest contributors to ocean pollution where citizens go through an average of 8 disposable bags every day . plastic waste in the last 2 decades it's become the norm on beaches across asia

much of the plastic despoiling places like this is from single use bags as the new year begins stores in thailand are trying to break a national have it in a country where citizens goes through an average of 8 single use plastic bags every day several major mall operators in $711.00 convenience those are asking customers to pay a small fee for reuse of a bag but ultimately the fight. against pollution comes down to a change in public attitudes and some people are reluctant to change. too so how do i going to get the word if we pay at least $500.00 baht and then they give us a free cloth bag it's not much if we use these bags they'd be better off and richer but other people will suffer you have to give the consumers all the plastic use time. you cannot just change it over let's say even one of 2 lines he would take some time but eventually it will go away thailand is one of the largest

contributors to ocean pollution with plastic bags regularly turning up in the stomachs of dead marine mammals like do guns. the tesla cyber truck caused a sensation when it was launched in november the dramatic angular design raised some eyebrows and so did the supposedly bulletproof side windows which promptly shattered during the event and none of this bothered russian current desist alexander truman a cough he was inspired to make his own version of the cyber truck take a look. moscow drivers were gobsmacked when they saw a brand spanking new test the cyber truck cruising the streets of the russian capital or at least what they thought was a cyber truck in fact the vehicle they were admiring was a lotta customized by car enthusiast alexander troupe macof to look like a lawn must futuristic cyber truck there will be a dozen people react quite positively especially when they find out it's a vase 21

o 9 they're really surprised 'd there aren't many people of course who can recognize the lot in there but you can from the interior there are quite a few people who recognize the tesla cyber truck. production on the cyber truck will begin in late 2021 and the top of the range model is expected to cost around $70000.00. version comes in a bit cheaper at around $1290.00 in total. according to troop macof it took 8 days of work to convert the old russian 5 door hatchback into something resembling eat on musk cyber truck. we still have quite a few ideas for this project maybe we'll installed an electric engine like the tesla maybe we'll add rear wheel drive you have a 1000000 ideas on the life of the project will definitely go on. outside for trucks launch in november the vehicle side windows made from bulletproof tesla armor glass broke when metal balls were thrown at them. true because it makes no

such claims of toughness for his version of the cyber truck he prefers the simpler approach. all right and that's it for me and the business team here in berlin for more on these and other business stories please check out our website dot com slash business and as always you can find us on social media facebook and twitter of course before we go live with a quick look at global markets and for me it's goodbye for now and take care.

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