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tv   Business - News  Deutsche Welle  November 25, 2022 4:15am-4:30am CET

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was permitted from the stadium, so fans carrying these items were now 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 in 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 now from dw sport. thank you. all right, you are up to date coming up. next is business news with vans to zoom and take care of this visual hotspots in germany a d. w. travel extremely were in. mm
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hm. with ah ah, ah, forma you as president donald trump, is the vice decades of legal trouble. and this thanksgiving gives both him mad, his political opponents. the break. bought us some of the financial law suits 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 surface and the modem area, but the lower your chances of winning. how laurie's catch on in an even bigger way on the straits of cash strapped venezuela? i've been fas olden through business, prosecutors in a tax fraud investigation into donald trump's company arrested their case earlier this week. meaning a decision could come sooner than expected. the motor, all legal investigations into trump and his business dealings could way 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 stuff. the hearing of the 2 witnesses. one of them is, alan wise will book 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, the fine that i think we would expect at the end of those at the trump organization is convicted at the trial, be some around one and a half $1000000.00. there 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 europe, attorney general seeks a quarter of a 1000000000 dollars 150000000 dollars in,
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in damages. that is not necessarily what the office will get even if they, when the case will 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 case proceeds and whether the attorney general's office, they were able to sort of a trial and all that depends on so many variables. just how complicated are the investigations and why? yeah, there are a bunch of variables. so, you know, the, the tax fraud cases 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 find 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 in 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 trump running the president? again, how does that affect things? well trumps presidential run isn't going to have a direct effect on the trunk, bring his ation trial and less. for instance, if maybe a sort of an ard and supporter who, who thinks it's like 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 reputational harm to the company. but again, this is not a company. trump's 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 trump loses these cases. i said about it and one 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 violence is over the last few years has been so robust and res. so many questions that are really has been a little,
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it's been very strange to me that it hasn't really drawn as much scrutiny particular at the federal level as you would expect. and i think there is a real strong rationale for these and 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 par for the course in these industries, it is good, i think, for this to be exposed 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 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 is the home to europe's biggest stock exchange. the market value of all the companies listed in the french capital as increased by nearly 60 percent,
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62016 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. the provisions 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 imports as arrived. the net june is scheduled to begin operation on december. first, it's part of efforts to end the use of rush and gas in response to moscow's war when you, great. of 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 the 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 will m. lemme its powers limited equal to just a 40th of a nuclear reactors capacity is gone, 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 installed further away from the coast 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 offshore wind 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 win 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 contra, 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
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brittany, but we're 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 form. the streets of buzzing with betting as desperate venezuelans hope for a helping hand with their finances. inflation is brought back to where the 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 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 it's 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, 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
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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 why? i've been because roland. nice thing business with is the end of the pandemic in site. we show what it could look like. return to normal. and we visit those who are finding it difficult. a success in our weekly coven. 19 special. next on d. w. a. fed up with cheeseman.
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tree out. he must go. an increasing number of women in latin america, i'm guessing fed up fighting against sexism, violence, and access to abortion. how effective or protest from the street? fed up with cheese mo, in the 45 minutes on d, w. o. every day counts for us. and for our planet, global ideas is on its way to bring you more conservation. how do we make cities, reader, how can we protect habitat, what to do with them all our ways?
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we can make a difference by choosing smartness solutions over stains, said in our ways my little series included 3000 on d, w, and on ah, are we asked of the pandemic yet? what will be the lasting after effects? and what are the treatment options for the physical and mental consequences which are still impacting the lives of so many around the world. welcome to this week's cove at 19 special we looked at.

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