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tv   Business - News  Deutsche Welle  November 25, 2022 12:15am-12:31am CET

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out granted entry into the stadiums, those items were confiscated by security guards at the entrance points. and this change goes into effect actually immediately. so starting with fridays matches. so we will see and just a few hours whether or not this goes through smoothly, but it is definitely a step into the direction of being more friendly towards the l g. b t. community. yeah, certainly. welcome use philip hope not from dw sport. thank you. well, that's all for now. coming up. next we have the business news for you and don't forget the state of today's know the name is news on our website to w dot com. i can see a version ah ah ah, in the month oh good.
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hm. you cuz i'm a cool breeze. i it was just me in the moon. oh ah, ah. former us president donald trump has survived decades of legal trouble. and this thanksgiving gibbs both him and his political opponents the break. but some of the financial lawsuit set 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 fossil then. 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 tromp organization is accused of helping executives avoid taxes there,
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assigns the trial will conclude before any others. prosecutors have already concluded their argument stuff, 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 dory is a specialist in financial fraud and joins us from washington. what applications 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. but in new york, attorney general seeks a quarter of a 1000000000 dollars, 250000000 dollars in in damages. that is not necessarily what the office will get
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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 the, how the 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 for the company require sort of attending to some of the nuances of the law. so for instance, like i said, 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 the complex fact. so we have to discovery, there have to be at the trial and that cases 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 trump running for president? again, how does that affect things? well trumps presidential run isn't going to have a direct effect on the trump bring his ation trial in less. for instance, if maybe a sort of an ard and supporter who, who thinks it's like a which one and wants to hang the jury. and that's a, that's a risk at every trial lisa criminal case pertaining to trump now or in the future. so that's a considerable risk. the civil litigation is 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, what do you think is going to be the most likely outcome?
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i think just from these cases, i think the most likely outcome is going to be reputation, harm to the company. but again, this is not a company, you know, the brand is already so polarizing in this country that i'm not sure it will have much of an effect. there will be some financial consequences if trunk loses these cases. i said about one half 1000000, maybe in that ballpark for the criminal case, upwards of 250000000, but 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 fact 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 are really has been a little. it's been very strange to me that it hasn't really drawn as much scrutiny,
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particularly the federal level as you would expect. and i think there is a real strong rationale for these forces. and even the justice department had they done had, 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 at a journalist to alleges donald trump right her in the mid 99, he's filed an upgraded law suits on thursday. it came minutes after a new law took effect that protects victims of sexual assault decades after attacks may have occurred. now to some of the other global business stories, paris is challenging london as the home to europe's biggest stock exchange. the market value of all the companies listed in the french capital as increased by
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nearly 60 percent, 62016. at $2.00 trillion dollars, it's closing in on london, $2.00 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 rational 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 euclid, energy aims to take the lead in the area of floating offshore wind power. it's
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a promising source, but there are hurdles to overcome monotony. then that's the key basket. a recent press chip 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 and mail them out. it's power is limited equal to just a 40th of a nuclear reactors capacity. 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 their 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 will when the day. there are several technical solutions in the market, and a lot of steel is needed to construct the platforms. finding that steel might prove a bottleneck, material. france will have to compete with 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
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here, or broad. as of april yellow with france as well positioned bidding for commercial projects is underway. we are hoping to be awarded these industrial 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. wayne 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 where the 300
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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 st. raffles and games of chance. every one hopes they'll go home, a winner. the annie, my door shouts above blaring pop music and people filling their bingo cards full of pictures of animals or fruit them on every man that gets away reinventing and helping each other. not only the organizer 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,
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ruffling this mode of like makes good economic sense. here in the anthony 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 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 and i stay in business with enter the conflict with tim sebastian sham referendums in the occupied regions of ukraine and more russian troops. i drafted into battle. my guest this week had his own unique protest, very spun very off. a foreign service veteran resigned in shame of the war in
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ukraine. what are the chances of puting surviving the conflict? he started conflict zone next on d. w to the point in strong opinions, clear positions, international perspectives. rushes military continues to attack. civilian infrastructure in nuclear power is often out. civilians are phrased, you, brian calls that a war cry all the say, just a side effect of war. in today's edition of to the point we asked as rush, i become a target to the point with d, w a, which in that she's said, can i get the country? i came up with an increasing number of women and less than
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america. i'm guessing fed up, i need to stop my doing and depressing i meant fighting against fixes them violence and for access to abortion. pressure from the street has already proven successful . that opposition live on the rise beds with starts november 25th one d. w. sham referendums in occupied regions of ukraine and more russian troops are drafted into battle. but the protests are increasing across the country. i guess this week has his own unique protest by respond the foreign service veterans resigned in shame with the war in ukraine. the only russian government official to do so in public.

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