the city's business. is now global business and. welcome the lebanese prosecutors have banned colors going from leaving the country after interrogating foreign this one chief over the financial misconduct charges he's facing in japan during his 2 are hearing go on was also asked to provide the address of which he's residing and had to hand in his french passport he has friends brazilian and lebanese citizenship goals lawyers say he is very comfortable with the evidence traditional system and that's a big contrast to what the former kabul said about japan on wednesday using his 1st public appearance since fleeing the country. again and accusations directly at the japanese government it in turn responded. to claims by the defendant going against japan's justice system the unilateral and unconvincing who knew. they were a few hours earlier in an emotional apparently accused japan of treating him in

humanely and said he had no chance of a fair trial the film a c.e.o. insists he was the victim of a conspiracy between nissan and the japanese government so i can't talk about what happens in the government or. i can give you names i know that but i am indeed one on i respect ribbon on it and i respect the worse because it has been extended to me by your code it is indeed and in no way i want to do anything or say anything that would make that task quite difficult. according to go on state prosecutors colluded with nixon executives against him because they wanted to protect the iconic japanese comprende from being swallowed up by its french partner red no among those he named was the man who replaced him a c.e.o. he wrote. he responded in no uncertain times.

we discovered his extensive throat 2 years ago he was my trusted boss and we felt very betrayed and now feel betrayed once again. colonel stone was initially accused of falsifying company accounts he was arrested and then later released on bail last week he escaped to lebanon by hiding in a musical equipment box go in is a lebanese citizen he's now unlikely to face a japanese trial as japan and lebanon do not have an extradition treaty. just under a year ago france and germany created a special investment vehicle to shield e.u. companies in iran from u.s. sanctions the idea to help iran's economy and give tehran more reason to abide by nuclear commitments it has worked out european investment in iran continues to fall and can't come close to making up for the country's lost oil sales through sanctions now many iranian businesses are wondering if things will ever turn around

. entrepreneur your counted on the saudi has shown many visitors the model of his 58000 square meter production facility he wanted to generate $500.00 jobs in the region 3 hour drive from the capital tehran suppliers would account for another 1200 jobs he wanted to begin production long ago but then the u.s. sanctions went into effect the tension could be cut with a knife. top yanks and money transfers make our lives so difficult that we can't pay our suppliers and the suppliers can't even deliver the items we order. we're a german company caught between 2 worlds and we're trying to struggle our way through so i get to secure from. done azadi has both german and iranian roots. he's been a successful automotive components supplier in southern germany for 30 years he initially invested 8000000 euros in games or he runs special economic zone planning

on entering the renewable energy business after all iran has plenty of sun the plan was to invest much more but then the banks put the promised loans on hold what was meant to be a blossoming business landscape remained a barren wasteland and donald saadi is not alone he knows more european investors who trust the e.u. assurances that they would support investments in trade with iran in spite of u.s. sanctions assurances that now ring hollow. we expected things to go wrong but we knew we had the german government's assurances and efforts so we thought we could make it work because the german government had our backs but unfortunately that hasn't happened yet donald zadi doesn't see any chance of building a solar factory he'll now have to go back to concentrating on his components company in germany. now to some of the other global business stories making

headlines today foreign exchange for travel x. has gone offline following a new year's eve cyber attack hackers used ransomware to steal customer data the company says it's working to get systems up again several major u.k. banks rely on travelex and have been forced to suspend foreign currency services on wednesday shares and parent company been able tumbled. the world bank has cut its global growth forecasts for 2020 blaming a slower than expected recovery in trade and investment slide full comes despite hopes of a trade truce between the u.s. and china last year the global economy grew at its slowest pace in a decade. inflation in china has hit a 7 year high due largely to the surgeon prices after an outbreak of african swine flu because of poor has doubled us or forty's struggle to contain the disease while meeting in demand. to australia now where satellite images like

this one here show the devastating bushfires have been burning since september as well as claiming 27 lives so far and destroying 20000000 acres of land the disaster is taking a financial toll insurance companies have already paid out more than $700000000.00 australian dollars that's almost half a 1000000000 u.s. dollars meanwhile the australian government has already set aside $2000000000.00 australian dollars to help recover from the fires although it's expected to need much more that money will go towards rebuilding infrastructure helping farmers and attracting tourists back to places where for now they're staying away. sydney's bond beach normally a place of sun sea and sand recently it's smoke that's dominating the world famous attraction casting a haze over the swimmers and sunbathers. historic bushfires in new south wales are affecting businesses all over the state including bond i supply chains are being

disrupted and customers a keeping away. from a children's point of view it's being probably the worst we've seen because of the foists so we've got. you know reduced numbers it's the 1st time i've ever seen the like this city where i look at my window and i can't see the water and that's very ironic i believe of 47 years further down the beach it's a similar story that they see vinnie a shop taking sit down a fish film on thier no would normally expect from this time of year i heard someone say australia on fire obviously there we have experienced more fire than any other year since i've been here. but the problem is when tourists hear that you don't want to come australian prime minister scott morrison is well aware of the problem during a visit to another tourist favorite kangaroo island this week he is told they make is not to be put off by the finest destroyers i've been destroyed your store a lot of applies to come and bring your family and enjoy your holidays back upon

die they'll be hoping that message gets through with the fire is certain to burn for months to come. more of those who are talking out of the obvious senior business editor ben fizzling who has just returned from australia this morning i was safe and well so it was thankfully just very briefly how bad is it flying over a stray or it's a catastrophe look out the window and there are just pillars of smoke you can count 12345 just out of one little window from the plane red skies exploding eucalypt canopies i've been told screaming. people having to take counseling because of you know the awful if it's the they going through i mean it really is an end of world scenario we've heard about tourism taking a hit agriculture has taken a hit but there's one industry that is under fire at the moment and that's australia's coal industry well the coal industry is extremely important in

australia and it's fueled economic growth continuous positive economic growth for almost 3 decades that hasn't happened anywhere else in the world. it's pretty amazing it's also fueled china's economic growth but in both cases that means huge emissions and scientists of course is saying those emissions are heating up the us that's causing dry periods even longer dry periods drought record drought record temperatures in australia and that's contributing to this bushfire season and this. is the major export of is the 2nd biggest export evidence that really on the right right. and the other thing is it has huge influence politically it has huge lobbying power. pms prime ministers have been toppled in australia because they've been trying to introduce a cop and tax straight is really behind on this account and really behind on something like renewables talk about renewables is there a rethink on the way in australia i mean it's not it's not you know we've been

discussing climate change for years and years and years. is there anything you'd think especially after an event like this and an event that's continuing this could go on for months no there is not a rethink there are coles for the prime minister scott morrison to step down or coles for rethink but this is such an important employer in australia their opposition is towards renewables easy increasing its renewable energy capacity but in a lot of cases analysts have told me that it's foreign firms that are coming and setting up solar in places like south australia and at some stage. down the track a straight a is going to be buying back that green energy from these foreign firms instead of setting it up themselves and profiting from it sounds like a good option i mean i only have a picture of australia as you know the sun is always shining one of them look at me i came up with a great and i mean there is so much sun is right it's a no brainer. i i don't understand it i've talked to so many people who just don't

understand it and they don't understand this is stranglehold that they say the middle media has of the public opinion in a straight year and that's against climate change and towards the coal industry senior business editor ben fizzling thank you very much for joining us in the studio. and that's it's from ben and me and the business team here and the violin do also check out all website for more let's do w dot com slash business of course i'm check out all facebook and twitter feeds. news is up next just off of this quick local markets at this hour.

in athens they call them breaking up the homeless. kristos of the country. for mines jobs for street people in his own cafes. he helped them start their own newspaper. but most of all to restore their sense of dignity. 30 minutes on w. . it's all happening coach of british come. sure link to news from africa and the world. your link to inception stories and discussions continue and welcome student news after coming program tonight from

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cut. the body good. place. this is deja vu news live from berlin the mystery deepens over why a ukrainian international airlines plane crashed soon after taking off from tehran and as ukrainians mourn those who lost their lives iran's air traffic control says there was no distress call but the plane did try to return to the airport. also coming up nerves still on agis emergency.