tv Business - News Deutsche Welle November 24, 2022 10:15pm-10:30pm CET
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since before the pandemic, the american automobile file association says roads will be at their most crowded in years. so if you're on the road today, they've traveled, that's all from me for now. coming up. next is the business news web benfor sewland . re you can always get all the latest developments any time on our website. that is d w dot com and on our social accounts to find us at dw news article. really thank you so much for watching with devastated with to how we can we must cars kinda funny effects of climate change. i mean, felt worldwide before a station in the rain forest continued carbon dioxide emissions have risen again. young people over the world are committed to climate protection.
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what impact will because change doesn't happen on its own. make up your room, mind d. w. made for minds stay up to date. don't miss our highlights. the d w program online. d, w dot com highlights ah, former us president donald trump has survived decades of legal trouble. and this thanksgiving gives both him and his political opponents the break. but some of the financial lawsuit said to catch up with france leads the way with offshore wind farms that float
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a more promising than existing renewables. but there are challenges beyond the service and the modem area, but the lower your chances of winning. how laurie's catch on in an even bigger way on the streets of cash strapped venezuela? i've been fas olden, let's do business. prosecutors in a tax fraud investigation into donald trump's company rested their case earlier this week. meaning a decision could come sooner than expected. the multiple legal investigations into trump and his business dealings could weigh on his campaign to become president for a 2nd time of the 5 ongoing investigations to deal with financial fraud. in the new york state civil case, the property developer and 3 of his children are accused of fraudulently over valuing his businesses assets by billions of dollars. the 2nd case examines his company. the trump organization is accused of helping executives avoid taxes. there
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are signs the trial will conclude before any others. prosecutors have already concluded their arguments off the hearing of the 2 witnesses. one of them is alan wizell burke, the trump organizations chief financial officer, he testified having concealed decades worth of luxury perks from his income. like apartments and cars, lawyer and journalist anguish had dory is a specialist in financial fraud and joins us from washington. what implications could these financial cases have for trump? well, the criminal case, i think doesn't pose a significant implications. define that. i think we would expect that the end of those at the trump organization is convicted at the trial, be some around one and a half $1000000.00 to be some reputational harm to the organization. although marginally speaking, it's hard to say that the company could really suffer much more than it already has . the civil case by the new york attorney general seeks a quarter of a 1000000000 dollars,
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250000000 dollars in damages. that is not necessarily what the office will get even if they win. the case won't know it's going to trial next year, but the potential damages could be much lower than that. it depends on kind of how this public case proceeds and whether the attorney general's office, they were able to circumvent the trial and all that depends on so many variables just how complicated avi investigations and why yeah, there are a bunch of variables. so you know that the tax fraud case it's ongoing, is actually relatively simple in terms of the kind of fact that issue, but the implications, but the company requires sort of attending to some of the nuances of the law. so for instance, like i said, the, the damages or the potential fine involved in that case may not be that high. and i think that's not something that's terribly well understood by the american public. the civil case on going, i mean, it's a year to trial. trump is going to be conducting discovery. it's
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a very wide ranging fact intensive case involving comparing complex fact. so you will have to discovery there have to be at the trial. and that case has been likely to proceed to potential appeals, assuming that maybe at some point it's not subtle which itself could happen. so there are a lot of moving pieces in, in that litigation, in particular. what about comp running for president? again, how does that affect things? well, trump presidential run isn't going to have a direct effect on the trump organization trial. unless for instance, there's maybe a sort of an ardent supporter who thinks it's like a witch on and wants to hang the jury on that. so that's a risk at every trial least a criminal case pertaining to trump now or in the future. and so that, that's a considerable risk the civil litigation. and it also sort of conditional on a whole bunch of things unfolding and ways that we can entirely predict at the moment. so at the end of the day,
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what do you think is going to be the most likely outcome? i think just from these cases, i think the most likely outcome is going to be reputational harm to the company. but again, this is not a company transplant is already so polarizing in this country that i'm not sure it will have much of an effect. there'll be some financial consequences if trump loses these cases. i said about a 101 and half 1000000, maybe in that ballpark for the criminal case. upwards of 250000000. but you know, we really don't know until that case proceeds to fruition. what the downside will be in neither of these cases, is there any risk of trunk going to prison or anyone in his family or anything like that? could this low effect how america's justice system is seen abroad? which is key for companies deciding on way to do business. you know, i hope so. i mean, i think the recording on the trump organization and trump's finances over the last few years has been so robust and re so many questions that it really has been
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a little. it's been very strange to me that it hasn't really drawn as much scrutiny particular at the federal level as you expect. and i think there is a real strong rationale for these enforcers and even the justice department had they done. and they wanted to get involved to impose some order in these areas. i mean, these are not small economic sectors. trump operates in the hospitality sector in the real estate industry. and if this is really part of the course in these industries, it is good. i think for this to be expose and for there to be some consequences ago she had already thank you very much for the analysis and a journalist to alleges donald trump right her in the mid 99. he's filed an upgraded law suit on thursday. it came minutes after a new law took effect that protects victims of sexual assault, decades after tax may have occurred. now to some of the other global business stores, paris is challenging. london is the home to europe's biggest stock exchange. the market value of all the companies listed in the french capital has increased by
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nearly 60 percent. $62016.00 at $2.00 trillion dollars. it's closing in on london, 2.89 trillion. another day of negotiations and a u. energy ministers have failed to agree, a cap on gas prices to ease the energy crunch in europe. deep divisions emerged over an initial proposal which some slammed as a joke. the ministers will try again next month in germany's 1st floating terminal to receive liquefied natural gas in ports as arrived. the net june is scheduled to begin operation on december. first, it's part of efforts to end the use of russian gas in response to moscow's war on ukraine. or the war has energy at the top of europe's agenda. countries across the continent are more determined than ever to diversify supply. france, although mostly will light on you, clear energy aims to take the lead in the area of floating offshore wind power.
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it's a promising source, but there are hurdles to overcome. minimize, i mean, then that's mickey basket. a recent press trip to this construction site displayed what could be one solution to future energy crises, floating offshore wind energy. the company's developing this pilot project are investing 300000000 euros. in 2023, the wind farm will be towed to the site. 17 kilometers off the coast minimum. its powers limited equal to just a 40th of a nuclear reactors capacity called but floating offshore wind energy is a bearer of hope. unlike existing renewables, it could produce electricity, 247 them failure on their traditional offshore wind. farms can only be constructed in waters that are up to 50 meters deep. the floating platforms can be in stored further away from the case where the wind is stronger. these wind farms could be
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key to reaching carbon neutrality. francis taking bids to construct 3 commercial floating offshore wind farms. and that 10 times the size of the pilot project. this economist agrees floating offer when energy is promising. yet questions and challenges abound. lonely early that france should try to take the lead in this market. it's lagging behind regarding bottom fixed offshore. wind farms. also due to legal challenges, it's a question of not losing face, but it's not clear yet. which technology, other countries, such as portugal and scotland, which are also eyeing floating offshore wind energy. in any case, the projects developers are determined to become an important player in the market here or broad across april yellow with france as well position. bidding for commercial projects is underway. we are hoping to be awarded these industrial
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projects in the mediterranean sea and of brittany, but we are also looking at markets such as the us, china and taiwan. by you, i. the global potential for this technology is estimated at $3500.00 gigawatts, which represents as many nuclear reactors. but that won't be any time soon. frances 1st commercial floating offshore wind farms won't produce electricity until at least 2030 lottery. it's a still big business in latin america in venezuela. they're even more popular in their open air for the streets, a buzzing with betting as desperate venezuelans hope for a helping hand with their finances. inflation is brought back to with a 300 percent risking of fragile economic recovery. the atmosphere here is half st . party, half desperation. hundreds of thousands of fled the country in the hope of a better life elsewhere. but those left behind pin their hopes on winning prizes in
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st. raffles and games of chance. every one hope sell, go home, a winner, the any my door shouts about blaring pop music and people fill in their bingo cards full of pictures of animals or fruit. anatomy meant that it's a way of reinventing and helping each other. not only the organized benefits but the whole community more and more than as wayland are turning to gambling in their desperation to make ends meet amid the countries crippling economic crisis. in the street bin goes prizes include food baskets, paint buckets, and even cars and motor bikes. players line up outside kiosks in poor neighborhoods to buy numbers in a raffle to the kiosk owner, ruffling this motorbike makes good economic sense. hillary, leah may live if i sold it, it would have to be at a lower cost than what a motorbike currently costs. with to ruffle, you get more or less
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a profit margin of more than 60 percent though more people lose than when overall, the slight chance of winning is like an addictive drug in a country where most have lost hope of improving their lives. any other way? i bet because all in dice doing business with just across the border and ethic, hardy is kicking off with where attendees can enjoy themselves in a way that will be impossible. back home, people from iran travel to eastern turkey by, by a short trip to taste freedom. that could also be dangerous. a focus on your on d, w,
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is the end of the pandemic in site. we show what it could look like will return to normal. and we visit those who are finding it difficult with success in our weekly coping 19 special in 60 minutes on d. w. o. which met, she's said, can i get the country? i came up with an increasing number of women in latin america. i'm guessing fed up there needs to stop mad doing and depressing. net fighting against sexism, violence,
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and full access to abortion. pressure from the street has already proven successful . the opposition live on the rise. fed up with she's a november 21st on d. w. news . this is focus on europe. i'm lar babel allah, welcome to the show relations between europe and iran are deteriorating fast as the european union levels of.
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