he really saved nissan two decades ago when he came tojapan saved nissan two decades ago when he camejapan for the first time. nissan makes more money now and sells more cars but back then carlos ghosn really saved the company and thatis ghosn really saved the company and that is why this fall from grace generated a lot of public interest, over 1000 people applied for 1h spots in the cloak, courtroom. let's take a look at some of the other stories making the news. samsung electronics says it expects a near 30% plunge in operating profit, its first quarterly profit drop in two years. the south korean tech giant is blaming mounting competition from chinese smartphone makers and declining chip prices. it comes days after apple's shock sales warning, citing poor iphone sales in china. president trump is likely to have decisive influence over the next president of the world bank, following the abrupt resignation ofjim yong kim. he's stepping down three years before the end of his term, to join the private sector. the world bank's president has traditionally been chosen by the us. us commer

that's why he asked nissan to ta ke increase.sked nissan to take on the collateral temporarily but he emphasised that they were transferred back to him without nissan incurring any losses. a very serious allegation. of course we are all fascinated by this case as it unfolds. there was at fault, at cetera. in the meantime, this car giant, it's not been in turmoil since but this man who's been iconic, its scrip to one side. that's right, nissan immediately removed him from his post. so did mitsubishi motors, as the investigation continues. as he said, fall from grace really. he was a legendary businessman. remember, japan has very few non—japanese chief executive officers, especially someone chief executive officers, especially someone who is managed to turn it around, when nissan was on the verge of bankruptcy. people queued up to attend this hearing, lawyers will start holding a press conference in half—an—hour. now let's brief you on some other business stories: samsung electronics says it expects a near 30% plunge in operating

nissan “lt come up members of companies to move things nissan mi come up with forward, nissan must comes can talk on an equal basis, that will be a step in the right action. anna—marie baisden is head of autos research at fitch solutions it feels to some degree that renault has had its hand forced it to some degree. to some extent because nissan had already moved in getting new leadership. i think it was reported that even some of renault‘s new employees said that carlos ghosn's position was not tenable, so i think that renault had to move. renault are tasked with try to soothe relations between renault and nissan. renault used to be the junior partner but it sells more cars. yes, i think it has been difficult in the way the ownership has been set up. they bring different models to the partnership and geographic exposure. that's been behind the success with the alliance. it is difficult but they also now they need to keep going. there is talk of the alliance becoming a merger. where is the truth lie? we think this company is going to go next? we believe the alliance, if they can keep it

let's talk about the alliance between renault and nissan because there is talk now ofa and nissan becausemerger between the two. what are japanese saying about that? everybody is skirting around the subject. we heard from the nissan ceo today saying that that is not under discussion at the moment. the issueis under discussion at the moment. the issue is that the current set up between nissan and renault is odd. renaud owns 43% of nissan's voting shares and yet the two companies are described as an alliance or a partnership. renault does not control nissan even though the capital structure is exactly that. that has held together for 20 years at by carlos ghosn. and now that he is in custody the companies know they will have to come up with am sort of more formal structure to keep the alliance together. the question is what will that be? you will know that nissan and renault have very different views of what that structure should be. thank you very much. facebook says it will work with the german government to help tackle fake news in the run up to elections for the european parliament late

interview, the spokesman for nissan refuted the claims and said he nissan president had categoricallyefused the notion. the detention, he said there were ups and downs and said he is innocent. financial transactions were signed up with nissan and he said he is not a flight risk. he will defend himself. no longer chairman of the rumumorshe created, spspeculate about the future of the alliance as he awaits trial. bars,s, remains behind to managemement are said to meet in amsterdam on thursday to discuss a way forward. thehe european cocommission sas business climate in the regigion has s dropped shsharply this mo. indicator hasmic dropped to the lowest level in two years as confident in industry, services, retail, trade decline in consumer confidence rose but only slightly. the gauge of business climate drdropped by 1.2% in the eurozoe and 1.4% acacross thehe whole b. officials show the economic growth showed 1.5% last year from 2.3% in 2017, yellow vest in part because of the protests -- yellow vests protests. >> let's lookok at the market. >> investotors are waiting for e outcome of t

his japanese partners, nissan and mitsubishi.ent of financial misconduct charges levelled against him. rupert wingfield hayes has the details. from japan's nikkei newspaper he was given 20 minutes to talk to them and during this he has made some pretty serious allegations. first of all we learn from mr ghosn that last year he was planning to further integration of nissan here injapan with his parent company, renault in france. he says he discussed those plans with the ceo of nissan in september last year. that is just two months before he was arrested at tokyo airport. and then he makes a very serious accusation. he says it essentially the case against him is political, and he uses pretty strong language, accusing fellow nissan executives of plotting and of treason. and the reason for it, he says, was to try and undo that further integration that he was planning. 0n the specific charges that have now been laid against him by tokyo prosecutors, he says all the financial dealings he had while he was chairman of nissan were signed o

. —— nissan. sanctions threatened for the oil—rich nation of venezuelan. pledged to continue their reliance is architect, carlos ghosn resigns from the french carmaker. he has now been ousted from all three major carmakers who once headed. the resignation comes as he remains in a japanese prison over allegations of financial misconduct at nissan. translation: in the big picture this isa translation: in the big picture this is a big milestone we are reaching. we are starting a new chapter so i welcome the new leadership of renault. i would have to propose a governance for the group renault. i will listen a loss. i will discuss and thenl will listen a loss. i will discuss and then i will propose. of course, the second major priority is to ensure that the link mixed —— link between nissan, renault and mitsubishi remains strong and will go forward positively in the future. our reporter in london has details of how nissan and renault plan to move forward after the exit of the once powerful leader. carlos ghosn was one of the most powerful executives in the car

france has downplayed talk of a merger between renault and nissan.r there is no plan to remodel the two decade alliance. his comments come as carlos ghosn, the architect of the partnership, asked the tokyo court for a second time to grant him bail after a request last week was denied. 0ur correspondent has the latest. japanese media have been reporting that the french state wa nts a reporting that the french state wants a merger between the carmakers nissan and renault. those two companies, together with mitsubishi, have for the past two years formed a global carmaking alliance headed by carlos ghosn, the man who is currently in detention in a japanese jail. he has been accused by nissan a financial ‘s conduct, which he denies. now, the french state owns 1596 denies. now, the french state owns 15% of renault, which in turn owns a big chunk of nissan, which are rather confusingly in turn owns a bit of renault. the french economy minister, bruno le maire, was asked whether this indeed was the case, did the french state what a merger between renault and

what do you make of the future of the nissan, renault, mitsubishi alliance?ble, this is the first public appearance in almost two months. the first time we've been able to hear his defense for what has gone on. and he says he's been wrongly accused and unfairly detained. so any hopes that he would plead guilty to prosecutors in jail and get out, kind of go away quiet etly are evaporating and he seems to be digging in for a fight, giving fuel to comments made by his family previously that this is essentially a coupe attempt by the nissan executives. lauren: it's interesting here. mr. ghosn turned around nissan and renault, really remarkable progress in the auto industry. can he turn around his own fortune at this point? because i was looking up some numbers, tim and japan has a 99% conviction rate. how is mr. ghosn going to fight this? he could face a decade in jail. >> reporter: right. oftentimes with these cases executives plead guilty or -- to get out of jail and they leave the country. what's remarkable with his appearance before the court was oftentimes p

allegationss the that he passed on personal losses on to nissan, he said nissan took on those fx contractsy incurred no losses. we will hear more from carlos .hosn through his lawyers we will be there at the foreign correspondents club. we will have more details for you at the bottom of the half hour. engle there for us from tokyo. you can get the latest news from tokyo and the analysis as well. latest on the first word news. and find out what is going on, let us go to rosalind chin. >> the u.s.-china trade war. below expectations. preliminary operating income for 9.6 $5 billion, below the forecast of $12.3 billion. chips insions have hit samsung's largest markets. to addressrump is the nation tuesday and had of a trip -- ahead of a trip to the mexican border. the presidents demand -- the demand of the president for $5 billion for the wall has led to a partial government shutdown in washington. >> this is not the way to govern. to pound your fist on the table and cause damage to millions of people unless i get my way. this is not what the constitution says. elections have constitutions. --

the former chairman of the nissan motor company is appearing in court in tokyo.osn‘s first public appearance since he was arrested in november on allegations of financial misconduct. he requested the hearing and his lawyers want to press the court on why he has been held for so long. the case has rattled nissan's alliance with the french car—maker renault, he is still chairman and chief executive of renault. live now to tokyo and the bbc‘s rupert wingfield—hayes. developments in the past few minutes. that's right. carlos ghosn has appeared within the last 20 minutes or so has appeared within the last 20 minutes orso in has appeared within the last 20 minutes or so in the tokyo district court house behind me. according to pool reporters were inside the court, he looked thinner and they said he came in in handcuffs, in prison garb, in plastic slippers and he looked thinner and his hair was grey. but he has made a very robust statement and denial of the allegations against him in court here this morning and i would just read you a little bit of that statement is mad

be passed on to nissan. there's another question here about the money that he transferred to his saudi businessman which we now know to be khalid jufali ghosn forced them to make -- in the amount of $4.7 million over four years his lawyers today coming forward saying this was for services that this businessman provided to nissan, which include rebuilding nissan's network within the kingdom, helping out with dispute resolutions and soliciting investments into nissan this all begs the question, where exactly lawyers believe the motivation has come from in terms of the allegations that have been brought forward on that case? this afternoon at a press conference, he was asked if, in fact, this was motivated a board room, some can called it, by concerns about ghosn's intentions to merge nissan as well as renault. take a listen to his chief lawyer and how he responded that question >> as the criminal defense lawyer for mr. ghosn, what i can say, or what we can ask for is we would like to ask for a more cautious in

would like to see a rebalancing nissan would like to see a re balancing where both nissan would likees are equal in the partnership. rupert in tokyo, thank you. let me show you what's happening with the numbers. china coping with expectations that the government will pump in more money to the economy. shanghai markets up. in europe, all eyes on theresa may as she tries to convince tory brexiteers and the democratic unionist party, those mps to back her stroll deal by trying to resolve some of the concerns of the irish backstop. remember the backstop is a kind of safety net — a way of avoiding a hard border in ireland if a deal with the eu has not been agreed in time. joining us now is jeremy thomson—cook, who's the chief economist at world first. currency is the name of the game for you, the pound, such a key barometer of how the markets feel about brexit, how are they this morning? this morning so far, sterling is falling, it rose last week on the back of the belief that theresa may sought the house of commons rejection of freddie would move towards a softer brexit or certainly cont

the original charges of financial his conduct and go on is the architect of reno's alliance with nissan and many see him as the glue keeping it together the french carmaker says it has no evidence of fraud on the part of go and go and has denied the charges linked to nissan and those lawyers say they will seek bail following the latest allegations. and let's dive a little deeper into this case michael pin is president of the xtian get sue news agency and he's joining us from tokyo michael what do you tell us about these new charges that go on is facing. well what you really should know about is there are a lot of much for the old home but essentially they're just extending. it in very technical legal terms the same charges that have been filed against the corps can you ask why are they doing it well because he was coming to the end of the period in which they would have to release him and so by piling on this new charge is that the whole of the intention for another twenty plus k. period and if you have the system telling done something similar several times with repeated arrests there'

the former nissan chief executive could face a press charged this morning as his detention is due to expire. —— fresh charge. may the tech be with you, we test out the latest star wa rs you, we test out the latest star wars toys for children young and old. good morning, asia, hello, world. it's a friday, glad you could join us for this edition of asia business report. i am rico hizon. we start off with carlos ghosn, and the detention of nissan's former boss expires friday when he could be formally indicted on another charge. earlier this week, mr ghosn appeared in court for the first time to defend himself against these allegations. for the latest, defend himself against these allegations. forthe latest, i defend himself against these allegations. for the latest, i am joined by my colleague. what could be this latest charge? is called aggravated breach of trust, which is more serious than the two charges that he has already been indicted for, which is underreporting his income. under this new charge that he could face later today, he is accused of ship in his private, personal invest

following the interview nissan spokesman refuted the claims of a coup. sittining that nissan's presesident had already categorically refuted that notion. of his attention goans said there were ups and downs sunni reiterated that he's innocent and financial transactions were signed off within the song. as he did in court he also said he's not a flight risk vowing he would defend himself. no longer chairman of the alliance he spearheaded and created going refused to speculate about the future of that alliance as he awaits his trial. at least six people have died as a result of freezing temperatures in t the united states temperatures as low as minus thirty of course cities across the midwest. to grind to a halt it's part of a polar vortex is blowing freezing n. in from t the arctic. rush with has no. chicago these services rescue a man from an icy lake michigan. he jumped in to save his daughter who had fallen in love the two were out for a while. the demand to safety the dog to was able to get out of the woods. for others such as this parking enforcement

he said i did not receive any compensation for nissan that was not disclosed either nissan and all executivese approval of executives inside the nissan corporation. —— mr. so an absolute refutation there by mr ghosn of the allegations that have been made against him. the accusation has been that he acted alone and that he failed to get the approval or to declare large amounts of compensation that were made to him, to an amount of around 80 million us dollars over a period of five years. this is a case that has cast an unflattering light on the japanesejudicial cast an unflattering light on the japanese judicial system. he has been out for 50 days, rearrested twice, interrogated every day, had no contact with his family? absolutely, and this is his opportunity to sort of further as shine a light on that system today. he requested this court hearing so that he can go public because we have not heard a single word from mr ghosn since his arrest on the 19th of november. he's been kept in a prison cell, unable to meet with his family, only able to meet with his lawyer once a as you say, and the ja

even offering to pay for an ankle bracelet and add nissan stock as collateral. the tokyo district court has already rejected previous bail applications going has been jailed for two months the widely celebrated architect of the renault nissan alliance is accused of underreporting his salary among other charges nissan has removed him as chairman renault is expected to meet later this week to replace him as its chairman and c.e.o. . staying in the auto world legendary rivals b.m.w. and diane lerner will join forces to develop self driving cars that's according to to the german financial daily hundreds blood the aim is to split development costs and establish an industrial standard for autonomous driving both car makers fear that tech giant google is going to dominate the market with its automated operating system that's according to the paper this new competition from silicon valley threatens of rivalry that turn both brands into global market leaders. four times a week a jetliner from iran's mohan air flies into germany no longer starting today berlin says iran u

renault owns a certain percentage of nissan, nissan owns a smaller percentage of renault, there isa smallerack of balance. there is in balance, renault is the smaller company. that's what it wants to address. but at the same time you have the french and renault wanting to ta ke have the french and renault wanting to take over, to merge and take full advantage of the scale of economies that they can in a time in the car industry from everyone is investing heavily and looking to electrification and all sorts of other things that need investment and they don't want to risk anything that would stop up. the synergy is obvious between these companies in terms of what the produce of the ca i’s terms of what the produce of the cars they produce. you would think it would make sense and an chilly but the companies to merge. especially given the lack of demand right now in the global car industry. absolutely, they are under pressure from all sides and the one thing they need to do is grow scale and work together. they have product plans that will be laid over 10—15 yea rs plans that will be laid over

to cover it temporarily, which nissan did.arlos ghosn says nissan did not lose any money on that transaction, as prosecutors alleged. that is where the saudi angle comes into play as well. fx contracts the were returned to the company provided by carlos ghosn, the letter of guarantee was provided by this saudi arabia an businessman. manus: stephen engle in tokyo, bringing us the latest. let's get to some latest breaking news from lg electronics. fourth-quarter operating profit looking like a big miss, 75.3 billion won, the estimate was 389 billion won for lg, 75.3 billion won. fourth-quarter sales number as well, 15.7 7 trillion won, also a miss on the estimate of 16.40 6 trillion won. these numbers coming in from lg electronics after numbers from samsung earlier today as well. samsung pain, have the some say they are surprised it is not lower. samsung says they saw a great deal of strength from apple. now you have lg electronics. thes under pressure, chinese stock market taking a hammering. a confluence of negativity building

our top story: the former boss of nissan, carlos ghosn, is to make his first appearance in court in tokyo. it will be his first public appearance since his arrest in november, on allegations that he under—reported his income by tens of millions of dollars. he's expected to ask why he's been held for so long. the 18—year—old saudi woman who had been hiding in a bangkok airport hotel is being looked after by the un refugee agency. she said she feared she could be killed by her family. and this story is trending on bbc.com. these bluebottle man o‘ wars have stung thousands of beachgoers in queensland, australia, forcing the closure of many beaches. around 13,000 stings have been recorded in just the past week. that's all from me. stay with us here on bbc world news. our top story in the uk: theresa may has held a downing street reception for conservative mps, as she tries to persuade enough of them to support her brexit deal. the house of commons is due to vote on it next tuesday. now on bbc news, live to singapore for asia business report. ghosn to court. the former nissan chairman is set t

the former chairman of the nissan motor company is due to appear in court shortly.nt rupert wingfield—hayes joins us from tokyo. everyone is indeed very curious, rupert, what he would look like and what he will say in this court appearance. that's right. he is expected to appear here in the caught behind me in1.5 hours time appear here in the caught behind me in 1.5 hours time and it's been a long time since we've seen or heard anything from carlos ghosn, detained at tokyo airport on november 19 and since then held incommunicado essentially from the rest of the world in a cell at the tokyo detention centre. he's been allowed to see his lawyer. he is being questioned daily, for the last seven weeks. according to his son who gave an interview he has lost some weight but he says his father is determined and today in court is going to could proclaim his innocence and his lawyers are going to demands to know why he is being held for so long. we are seeing now live pictures outside the tokyo court where our correspondent rupert wingfield—hayes is located. rupert, a loss o

was a written agreement that nissan would incurany written agreement that nissan would incur any lossescent, if their defence. they also said the saudi payment was a legitimate is this payment, but that is what is he —— he is expected to be charged with, after which his lawyers will probably request bail, but my sources say it is unlikely it will be approved. all right, these are very complicated transactions, and of course, the first two judges, eve i’yo ne and of course, the first two judges, everyone is looking if he will get out on bail. and this puts the whole japanesejudicial out on bail. and this puts the whole japanese judicial system under the microscope. indeed, so in japan, if you get arrested by the special unit of the prosecutor's offers, you could be held for 48 hours, which can then be extended by ten days and then another ten days, so that becomes 22 days. this system has been criticised before, but there has never been this much international attention on the japanese system, and we have been seeing quite a lot of criticism, especially in the french media, describing th

of impasses a political lead to a federal government shutdown at 800,000 workers pay.ut the former nissan boss indicted on new charges of financial misconduct in japan with a maximum penalty of 15 years in prison. pay. outcomeemain over the of the presidedential election d the e democrcratic republic of o . i will be speaking to our corresespondent with the latest. also coming up, in our business update, another weekend of protests from thehe yellow vest. thousands of low-paid workers are applying for the subsbsidy announced by the pririme minist. also in the next half hour, a a tetearful moment for tennis plar andy murray as the former world number one says ththe australian open c could be his last. ♪ steven: thank you for joining us. president trump says he is close to declaring a national emergency in the united states to procure funding for his border wall with mexico. this is a political impasse over finding money for the $5.7 billion project continues. it led to a shutdown of a federal government which h is nw in the 21st day. on a visit to the texas-mexico would useump said he emer

we'll have more on the former nissan chairman's day in court.over, what better way to get rid of old trees than the annual christmas tree throwing contest in germany? it could possibly become the latest discipline in the winter olympics. it has everything from the hammer to the highjump. and this year there were quite a few world records. from rico, from me, from the whole newsday team, goodbye. hello there. northern parts of the uk on monday were particularly blustery. winds gusts in excess of 70 miles an hour for some. but i think its eastern areas that will see the strongest weather through the day ahead. the swirl of cloud is responsible for that very windy weather in the north on monday. sliding its way eastwards towards scandinavia, but on its western flank we are still bringing in strong wind brisk northerly winds particularly close to those eastern coastal areas. the wind will feed a couple of showers in towards the east of the uk at times through the day, but generally speaking, though, we are generally looking at a lot of dry weather.

the former chairman of the nissan motor company is appearing in court in tokyo.reuters newsagency he told the court in a preparted statement: "i have been wrongly accused and unfairly detained based on meritless and unsubstantiated accusations. this is carlos ghosn‘s first public appearance since he was arrested in november on allegations of financial misconduct. he requested the hearing and his lawyers want to press the court on why he has been held for so long. the case has rattled nissan's alliance with the french car—maker renault as he is still chairman and chief executive of renault. live now to tokyo and the bbc‘s rupert wingfield—hayes. what is the latest? well, as you said, this is the first opportunity any of us have had to hear directly from carlos ghosn since his detention at tokyo airport or the way back on november 19. since then he has been arrested three times, the first 20 days and then he was arrested again and held for another ten days before christmas and rea reested a ten days before christmas and reareested a third time on septal —— separate

, that they will appreciate the wrongdoing that has been taking place within nissan.iolent crimes. other executives from ja ka rta crimes. other executives from jakarta and toshiba spent time in jail. what appears to be happening is that if you make some kind of confession then you might be allowed out pending trial —— takata. in this case i believe there is concern because he is maintaining his innocence that he could if he were out ofjail innocence that he could if he were out of jail tamper with the evidence. that is an extreme view when we look at it from a western perspective, but that is the way the justice system appears to be working injapan. justice system appears to be working in japan. which is under the microscope with this particular case. what is your view about the three carmakers, mitsubishi, renault and nissan in 2019? they need to find a way forward. the key will be putting in place of leadership team that can lead the alliance. they have so much at stake. as we saw with the recent tie—up with fog slagen and ford, these loans are critical to getting

>> the biggest surprise came from nissan.hey had a very strong finish to the year after being massively down. sounds like as there was some money on the table. nissan in the second half had been aggressively trying to pull back on incentives and i have not looked at the numbers yet, but i read reports that they are putting them back on, so it is sort of a mixed bag with nissan. i think toyota is really the one that has been, you know, offorming the most solidly the three makers. shery: you sent us a couple of charts showing that global auto byes will finish 2018 up 1.7%, which is sort of lower than your 2017 forecast. what are your expectations for 20 and what will be the biggest challenges? >> 2019 is going to be a truly challenging year for the global auto industry, because we have headwinds in a number of the key markets. for example, u.s. demand is probably going to stay flat to slightly down. in europe, you had a boost to sales ahead of the environmental regulation change, which is not going to be replaced in 2019, and o

let's talk about the japan times story, nissan and renault.e an agreement with each other, and the interesting thing is that nissan was widely seen as wanting to step back from the agreement between the two, but now it looks like there could be talk of a merger. the automated sector is huge injapan. it is hugely competitive at the best of times and, as is featured on this programme a lot, it is going through massive change. it will be focused on big shifts in demand and products, et cetera, for a long period of time yet. i hate to bring it back to brexit, but frankly, anybody who underestimate the value and the worth of nissan in the north—east and around sunderland, they don't really understand the british economy. the nissan plant up there and the jobs, that is notjust a sign of the economy and the growth and the strength of exports in this country, but actually, fundamentally, it sits with the ethos of the place and the recovery post 1980s. you have to say that the french involvement, more so than the company, it might put questions forward

reportedly investigating nissan over executive pay. and former starbucks ceo howard schultz says he's seriously considering running for president. we'll have more on all these big stories coming up on this monday, january 28th as "worldwide exchange" begins right now. ♪ hot and cold, yes then know ♪ you're in and out, you're up and you're down ♪ >>> good morning, good afternoon, good evening and welcome from wherever in the world that you may be watching happy monday i'm brian sullivan thank you for beginning your week with us here on cnbc. here is how your money and the global markets are setting up their day. not a green open right now dow futures indicated the dow could drop about 100 points a the open s&p futures down just about 12 points right now we are seeing red across the board, but fair value in the green, so listen, it's early this could change, but there's your setup we're not in asia. let's get a check. it's primarily a down day to begin the week here. we are seeing a drop we saw a slight gain with the other asian markets

former nissan boss carlos ghosn is slapped with two new financial misconduct charges in japan.nd it's been a hectic first full week of business after the festive break. our economics correspondent andrew walker will be here to talk us through the highs and the lows. as the us government shutdown continues, we want to know, how would you cope if you didn't get yourjanuary pay cheque? let us know — just use the hashtag #bbcbizlive. hello and welcome to business live. let's go first to the us, where for hundreds of thousands of government employees, it should be pay day. but they won't be getting a cent, with the budget standoff in congress over president trump's border wall leaving large parts of the federal government without funding. the shutdown is about to enter its fourth week, and on saturday, it will become the longest in us history. some 800,000 federal workers will not get paid today — or until the crisis is resolved. around half of them have been sent home but the rest, 100,000, have had to carry on working unpaid because they are deemed essential. that's led to anger a

company funds nissan demands that go and pay back eight million euro. the u.s. ambassador in germany richard grinnell has threatened european companies with sanctions this affects companies participating in the construction of the north stream two gas pipeline north stream brings gas directly from russia to the rest of europe a second pipeline is currently being built alongside the existing one the us has been criticizing europe for becoming too dependent on russian gas pipeline through the ukraine is becoming less significant as a transit line. the world economic forum in davos will take place this year without a u.s. delegation u.s. president donald trump had already cancelled days ago now no members of the government will be attending background is the government shutdown in the u.s. it was. british prime minister theresa may and french president. will also remain at home for political reasons. he's already lost thirty percent of the soy seed planted last year. mario is just one of hundreds of argentinean farmers affected by heavy rain last year crop

coming up, we'll have more on that story about ex—nissan boss carlos ghosn.llo there. it would be as cold to start this morning. it will still be chilling, temperatures close to freezing in a few spots but not the widespread frosts but had this week. with high—pressure close by with a little bit of sunshine, but would change gear across the uk so behind this warm weather front trim down thursday, we had the arrival of some slightly milder atlantic air. but that weather front is pushing towards the alpine regions to give more heavy snow through the day ahead. there are red warnings out for the alps, the highest level warning and parts of norway but across our shores, the generally milder ms if you like during the next couple of days. it means that the most of us, it would start quite as chile. it will take awhile to declare this morning. it is largely frost free. those temperatures are not too many degrees away from freezing so it will still be cold, the odd spot of frost out in the countryside in the fog to lift, low cloud as well sitting on the hills courtes

staff won't get their wages today as the budget standoff drags into its fourth week plus — former nissanoss carlos ghosn could face new charges that would keep him injail — 50 days after he was first arrested for alleged financial misconduct and on the markets, stocks edging higher after the chairman of the us federal reserve said the bank will be patient about raising interest rates. sentiment being boosted further by the news that trade talks between washington and beijing are to move up a gear. we start in the us where for hundreds of thousands of government employees it should be pay day. but they won't be getting a cent, with the budget standoff in congress over president trump's border wall leaving large parts of the federal government without funding. the shutdown is about to enter its fourth week, and on saturday it will become the longest in us history. some 800,000 federal workers will not get paid today or until the crisis is resolved. around half of them have been sent home but the rest — 420,000 — have had to carry on working unpaid because they are deemed essential. this in

the stock to watch this morning is nissan. as have a look at nissan under pressure.t stocks slide as they face an sec probe, a securities exchange probe, into remuneration over executive pay. it is whether there were lapses in reporting of executive pay. we are now down 0.8% off the lows of the day. with that in mind, let's bring in dave mccrone. he joins us now. is all around a variety of stories. good to see you. how do the stakes for carlos ghosn and nissan look at the moment? dave: this is obviously becoming a global issue, on the same weekend we had comments from emmanuel macron suggesting that he is very concerned about the length of the detention that ghosn has been kept under here in japan. we have this coming out that nissan, the carmaker itself, is being scrutinized for its disclosures in the u.s.. one thing this also signals is that nissan's role is going to loom larger and larger because of carlos ghosn himself. when this initially broke in japan, it broke as a story about carlos ghosn. it was not until later that nissan was indicted. putting thesec compa

the former chairman of the japanese carmaker nissan, on wednedsay.se carmaker nissan, carlos ghosn, has appeared in court for the first time since his arrest in november on suspicion of financial misconduct. mr ghosn said he had been falsely accused and unfairly detained, and denied the charges against him. thejudge said he had not been granted bail because he was deemed a flight risk. in business briefing, we will speak to our correspondent rupert wingfield hayes who is outside the court where carlos ghosn appealed. another week, another shock warning from a smartphone maker. this time it's south korea's samsung electronics which says it expects a near 30 percent plunge in operating profit, its first quarterly profit drop in two years. joining me is priya lakhani, founder and ceo of century tech — a uk based education technology platform. we say happy new year but actually it's not started with that sort of sentiment in markets and in business because we had apple last week that its warning and now today, samsung. there has been a sharp sell—off in

court for legit financial misconduct in japan the going was responsible for a nose alliance with nissan french car maker says it has no evidence of fraud on the part of gone and gone has denied the charges link to nissan his lawyers said they will seek bail following the newest allegations. asian markets are up today on efforts to resolve the u.s. trying to china trade dispute western nations meanwhile are hoping a resolution could lead to easier access to that lucrative chinese consumer market something that has remained frustratingly out of reach for many businesses and germany's influential v.d.i. industry association has now called on the european union to adopt a tougher policy towards china on just this issue. chinese market has long been a gold mine for many german companies with carmakers like audi and mercedes making an ever larger share of their profits here but the b.t.i. federation for german industry claims the chinese market is far from a level playing field the business lobby accuses beijing of using a combination of protectionism price dumping and state subsidies to bols

so long as ghosn would not pass on the losses to nissan. also this accusation of the money that he transferred or prosecutors say he transferred to a saudi businessman in the amount of $14.7 million. prosecutors allege that was to cover personal losses, but today carlos ghosn, as well as his lawyers saying that this was to cover services that this businessman provided for nissan, including expending nissan's network within the kingdom as for what comes next, the current detention period ends this friday in january 11th. if prosecutors don't come forward and indict carlos ghosn, he could walk free today his lawyers said they do expect him -- expect the prosecutors to push forward with charges, which would keep carlos ghosn behind bars. he would have to push for bail questions about whether that would be granted, especially that he hasn't confessed to any of the wrong doing so far. if this goes to trial, it could be another six months, and let's keep in mind city very end waiting all of this is the violation of financial here in japan comes w

the mitsubishi nissan fight cone you remains reynolds chief executive. the three car companies a part of the alliance a glglobal com making grouping and guns detention without trial has raised suspicions of a power play on the japanese side. when it was repeatedly insisted it is found no evidence of wrongdoing? though now coming under pressure to move forward you to rule and i say this with the remiminder of the presumption of innocencee fr carlos ghosn because she didn't go with the permanent prevented from exercising his role. we would have to move to something else tenue station would. the french government owns a 5050% stake beau to conveneo appoint gun successor. in the coming days. the transfers owned by now we're next catholic says it's cutting 7% of i i full time workforce. electric carmaker seeking to cut costs in order to consistently turn a profit while ramping up production of its mass market model three sedan. in an email to employees ceo you onon musk defended thehe decision saying quote there isn't any other way. news comes as china's as m

in fact, all of it, he says, is down to that however, nissan was quite quick to put out a response.y said in the circumstances around his arrest are entirely down to mr. ghosn's actions. they said their own probe, which was brought by a whistle blower, did uncover misconduct and that now it's been taken up by the tokyo prosecutors. he does have a different side of things not only did he express his innocence once again, but on the very details of this case because, sure, we're talking about improper payments as one element. there is also a issue around the properties he had. in rio de janeiro and beirut that the company paid for. he said that was approved by the legal team some of the industry watchers are saying that they want to see a rebalancing of the structure the ownership structure they say doesn't reflect the financial realities. brian. >> big interview there nancy, thank you very much >>> well, the weather may be cold, but the news is hot. up next, high level trade negotiations between america and china kicking off today. will either side give in first, more on that dangero

the ceo ofn was nissan. lawyer spoke to ms.ut the continued detention of his client. >> even with existing charges, it will be difficult to expect bail to be approved before the first trial. given that evidence and documents need to be examined in japanese as well as english, i believe it will be at least six months before we go to trial. david: joining us from berlin is our opinion columnist kris bryant. one thing that struck me was the image of mr. ghosn who has been a lord of industry in that courtroom with graying hair, wearing plastic slippers. this is an awful juxtaposition. >> that is true. this is a moment we have been waiting for a long while, approximately 50 days since he was arrested. controllednissan has the narrative of what has been going on. unable to protest his innocence, today appearing in court, appearing a rather more haggard man then he went into prison. insisting all the allegations against him were false. he stressed the good work he had done for nissan over the years and his loyalty to the company. he p

—— how worried are you. for nissan if there is a no—deal brexit?k for nissan, obviously the other huge employer in the region and very important to our economy as our own manufacturers across the uk. i cannot speak for then. i can speak about our readiness and how we will be able to manufacture abroad and exports are intellectual properties, so that is why me to generate income by licensing. what message do you have the government right now in the next few weeks before the sacred a picture of how we're going to exit the eu on the 29th of march? that is the eu on the 29th of march? that is the important thing, having clarity. industry does not like lack of clarity so they can make plans and continue to invest so it is about bringing things to a conclusion as quickly as possible and having clarity over what happening. thank you very much, so good to have you on the programme. and some other stories today. mps say fast fashion brands inaction on ethics is shocking. it singled out fashion retailers jd sports, sports direct and boohoo, as retailers that

also on the program more legal troubles for nissan text chairman carl prosecutors filed charges against the top executive. and a partial u.s. government shutdown angers federal workers but its consequences will soon be felt in all sectors of the economy. but it's time for business on the w m how you welcome to the program why our way except you have to take care when they travel abroad these days after the arrest of the company's c.f.o. in canada now another top executive is being held by polish authorities this time on espionage charges china says it is disturbed by the news. a chinese wall way employee and a polish cyber security expert who served as a domestic intelligence officer they are the two men charged with spying by polish authorities. are suspected of espionage on behalf of chinese intelligence services against poland is an important investigation into serious events that threaten the security of poland. will not hold over more. western intelligence agencies have been warning the chinese government could use well ways products to collect data they say the tech giant which wa

he gets the reforms underway and completed at nissan.months, saying he will pass the baton after thebaton after the n this jarring leadership crisis over the last few weeks. stephen engle with the latest on nissan. a good news earnings story of the day for starbucks. the company beat first-quarter estimates. perhaps most interesting is what is going on in china. remy has the details for us. the weakness we saw last year really derailed the share price for a while. that is a good way to put it. they are seeing the effects of china's economic slowdown. they are banking on things like the starbucks roast really here continueai, trying to to expand everything they are doing there. say forrts continue to every 15 hours, a new starbucks store opens up in china. let me walk you through the numbers overall for china. in terms of overall revenue, that came in at $6.6 billion. $6.4 billion was the estimate. shares stopped just a little over 2%. china and asia-pacific, they saw sales up 3%. the estimate was for 1.5%. , we can seeo china the growth

more trouble for nissan as the u.s.stigation into the japanese automaker following a scandal. chief business correspondent christine romans joins us with more. what's this about? >> u.s. regulators asking questions about how nissan reported executive pay. nissan said it received an inquiry from the u.s. securities and xairj commission and is cooperating. the japanese automaker made that comment after the s.e.c. is investigating whether it accurately disclosed its executive pay in the united states. carlos ghosn was arrested in japan in november. he spent two months in custody. he's a legend in the auto world. ghosn is suspected of underreporting his income by tens of millions of dollars and transferring personal investment losses onto nissan. nissan and mitsubishi fired ghosn soon after that arrest. he resigned from renault last week. a top executive at nissan has also been indicted in that case. ghosn and kelly have denied any wrongdoing. >>> long time nbc news anchor tom brokaw under fire for comments about hispanics

immediately but they have been question since over the future of the twenty year old renault and nissan mrs alliance those on the headlines people in power is next. in afghanistan billions of dollars in international aid have been donated to girls' education but where has the money gone when east meets girls desperate to learn and asks why is the system failing them on al-jazeera. hundreds of thousands of migrants have arrived in italy over the past four years gaining sanctuary from violence and poverty but prompting an interesting new tough response from the state others have been more welcoming those seeking to profit from the migrants misfortune we've been to investigate i would say the system of privately run reception centers as full and wide open to exploitation corruption and organized crime.

tonight from n >> charles: former nissan chairman carlos ghosn in a tokyo courtroom denying the charges against him. it was the first public appearance since his arrest november 19th. we'll have a live report moments from now. lauren: plumb is planning a -- president trump is planning a prime time address to take his case for border security to the american people. cheryl: investors are watching the negotiations happening in beijing. s&p is up 10-point a 5. lauren: markets are watching a report that the u.k. and europe could delay britain's exit from the european union, green arrows