this is business as are your updates on is not global business news. welcome lebanese prosecutors have banned colors going from leaving the country after interrogating foreign this un chief over the financial misconduct charges he's facing in japan during his 2 our hearing go on was also asked to provide the address of which he is residing and how to handle his french passport yes french brazilian and lebanese citizenship goals lawyers say he is very comfortable with lebanon's judicial system and that's a big contrast to what the former kabul said about japan on wednesday and using his 1st public appearance since fleeing the country. again and accusations directly at the japanese government it's in turn responded he claims by the defendant going against japan's justice system the unilateral and unconvincing. as they were a few hours earlier in an emotional apparent camos 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 this and the japanese government. i can't talk about what happens in the government or. i can give you names i know that but i am going on i respectfully but on. and i respect their wish because it has been extended to me but your courage is in the bottle 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 nisson executives against him because they wanted to protect the iconic japanese car brand from being swallowed up by its french partner ren no among those he named was the man who replaced him a c.e.o. . he responded in no uncertain time.

we discovered his extensive fraud 2 years ago he was my trusted boss and we felt very betrayed and now i feel betrayed once again. connell is going 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 give tehran more reason to abide by nuclear commitments it has worked out of european investment in iran continues to fall 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 kind of donizetti 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 if i can envision the 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 as i go through through kiffen. done of zod he has both german and iranian roots. he's been a successful automotive component supplier in southern germany for 30 years he initially invested 8000000 euros in games or iran 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 trusted each you assure and says 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. and i'll do some of the other global business stories making

headlines today foreign exchange fund travelex 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 enabling tumbled. the world bank has cut its global growth forecast 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 demand. to all strain on our satellite images like

this one here show the devastating bush fires 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 the 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 bon died 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 so it's the 1st time i've ever seen the like this 1st time i've seen it where i look at my window and i can't see the water and that's very ironic i believe for 47 years further down the beach it's a similar story at this souvenir shop takings it down a fish film at the end i would normally expect from this time of year i heard someone say australia 5 obviously we have experienced more fire than any other year since i've been here. but their problem is with tourist here 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 has told a 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 at bon di they'll be hoping that message gets through with the fires certain to burn for months to come. more of those who are talking out of the senior business editor ben fizzling who has just returned from australia this morning of a safer world so it was thankfully just very briefly how bad is it flying over australia it's a catastrophe you 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 awful if it's they going through i mean it really is an end of world scenario we've heard about tourism taking a hit i would call it was taken a hit but there's one industry that is under fire at the moment and that's australia's coal industry as well the coal industry is extremely important in

australia and is fueled economic growth continuous positive economic growth for almost 3 decades that hasn't happened anywhere else in the world and 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 this is the 2nd biggest export really on the right right no and and the other thing is it has huge influence politically it has huge lobbying power. p.m.'s prime ministers have been toppled in australia because they've been trying to introduce a top 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 think sorry 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 australia is 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 say. is 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 and profiting from it sola sounds like a like a good option i mean the i only have a picture of australia as you know the sun is always shot and he wasn't one of the want to look at me like a as and it with a crate and i mean there is so much sun is straighter 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 stay the middle comedia has of the public opinion or the stray your and that's against climate change and to what's the coal industry a senior business editor ben fizzling thank you very much for joining us in the studio and that's from ben and me on the business team here in the berlin do also check out all website for more that's w dot com slash business of course i'm check out all facebook and twitter feeds now news is up next just off of this quick local markets at this hour.

i'm not laughing at the germans while i go sometimes down but mostly i'm nothing with that. think think into german culture. taking this grandma day out to you because it's all about who they know i'm right so join me for me to get the money of course. every journey begins. with the 1st step and every language the 1st word to conclude the coax in germany. why not learn with him. in simple line on your mobile and free. w z e learning course. german made easy. happiness is for every human penises are very different from primates we have a totally ridiculous the size view nature of their david and this is climate change

brags that sex how curious and read books you get smarter for free. play it but that is out there it's not easy to go to another country you know nothing about what i don't do this because we can't stay on venezuela why not the supply that. closely global news that matters d. w. made for mines just listen this is the sound of time passing as forests the size of 25 football fields a lost every minute adding to greenhouse gases but what is the sound of a tree not for us the sound biodiversity tourism community development reliable food and water. the united nations development program is listening and working with communities to protect forests for the future we want if you're hearing what we're hearing find out more. about it.

this is d.w. news live from berlin the mystery deepens over why ukrainian international airlines plane crashed soon after taking off from tehran 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 airplane. also coming up nerves still on.