renault has denied these allegations.ond in command said renault does not cheat, and all of its cars comply with legal standards. in a statement released on thursday, the carmaker said renault are not at hewitt with aunt -- are not equipped with cheating software. it remains to be seen whether renault will face a huge fine like volkswagen. it says it complies with emissions laws. reporter: that is the latest from the business desk. now to print with more world news. brent: peru has been struck by some of the most devastating flooding in decades. the rain has led to at least 20 deaths in recent weeks. dramatic pictures of a woman escaping from a mudslide on the outskirts of lima. take a look. that woman was pulled from the mud and taken to a hospital. she said she is survived by rubbing up to tree branches. her lives up in the landslide. -- livestock got caught up in the landslide. a pastor working in sierra leone has uncovered one of the largest diamonds ever discovered. the 706 carat gemstone has been turned over to the

the scandal affected other carmakers, including renault. the penalty could be much worse this time around. the group wrists a 3.5 billion euro fine, around 10% of its yearly turnover. kate: german prosecutors have rated audi offices as part of a similar probe. they are trying to identify who is responsible for installing the cheat devices inaudi cars. the u.s. justice department has charged for people over the massive data hacking at yahoo! which affected 500 million accounts in 2014. suspects include two professional hackers and to members of the russian intelligence agency. yahoo! previously said the breach appeared to be state-sponsored. data was stolen from 30 million yahoo! accounts as part of a spam campaign. authorities say one of the men was on the list of most wanted cyber criminals. he is currently believed to be in russia. tohe used access to yahoo! search for and steal financial information such as gift card and credit card numbers from users in accounts. he also gained access to more than 30 million yahoo! accounts whose contac

renault nissan in addition to mitsubishi is selling about 10 million cars. we are one of the top three automakers and not far from the top of the industry. i won't complain on the fact that competitors are doing the same thing. it's totally normal and fair. scale is a problem if you don't know how to use it. then you become heavy, you don't react quickly. if you know how to use scale, it's a huge advantage for you. we know how to use scale. for us, bigger is better. >> do you think the applianllia could turn into an outright merger when you talk about consolidation? >> i don't think you need a merger to make the synergies. i think you can operate the way renault nissan is operating today, keeping the autonomy of the company and keeping the company separate. you can make synergies work. that's the road we have taken. does it mean we don't know how to work a merger? yes, we know how to work a merger. at the moment we don't need it. for the moment the conditions are not united to see clear advantage for a merger towards the way we work now. >> the dig investmen

reporter: the engines from her renault diesel tests were fitted to beat them.e cars far exceed the regulatory threshold for co2 emissions like the clio four or which admitted three times the amount of co2 than expected. the french manufacturer denies the allegations. renault reminds consumers that none of the company has violated any legal rules in relation to vehicle approval. reporter: an investigation was opened by the public prosecution office. if guilty, it faces a fine of 3.5 million euros. happen know this doesn't very often, but heinz ketchup says it will pick up an ad campaign from a tv show. campaign was a variously pitched by don draper in the hit series, "mad men." the ad was seen as controversial because it did not show the iconic ca ketchup bottle itself, but photos of food with the word past beh the heinz. the heinz brand now encompasses more than ketchup and includes barbecue sauce and mustard. since you are a fan of the show, you should note that sterling cooper draper pryce has been credited for the campaign. host: thank you so much for that a

i'm chairman and ceo of renault. on the 1st of april, i will be chairman of nissan.i have different roles. so when you say ‘in your new role', i'm going to obviously be much more involved into the business in renault, while in nissan and mitsubishi, i'm going to be more supporting the management team and guiding them for the growth of the company. but i feel good about what's going on at the level of the industry. i think we're going to have an environment — yes, competitive, yes, difficult — but it's a good environment because we're seeing growth and a lot of opportunities. what other business stories has the media been taking an interest in? joining us again is richard hunter, head of research, at wilson king investment management. hello, richard. we have been asking all morning, who is your most influential women in business, who you think is a shining light, what have you come up with?” you think is a shining light, what have you come up with? i think you would be hard—pressed to better janet yellen in the united states, and in terms of europe, somebody like chri

and what does the boss of renault—nissan think about brexit now?ts a grilling from simonjack at the geneva motor show. the wikileaks website has published thousands of files which it says detail a wide range of hacking tools used by the cia. we're not able to verify the documents, but they appear to show how cyber—weapons have been developed and used to break into computers, mobile phones, and even smart tvs, to gather intelligence. neither the cia nor the white house has commented on the credibility of the leaked material, but some specialists are saying, at this point, it does appear legitimate. caroline davies reports. fresh embarrassment for the us security services today. wikileaks has published details of what it says shows the tools the cia use to hack their targets. wikileaks say using them would allow the agency to break into smart phones, communication apps and electronic devices, including smart tvs, which could be used to record conversations. wikileaks say its sources shared the details with it to prompt a debate on whether the cia's h

will make psa the continent's second—biggest car maker after volkswagen and ahead of french rival renaultill be a giant. last year, psa and gm europe sold a combined 4.3 million vehicles and posted revenues of $75.9 billion. but the deal has already raised fears in the uk the jobs of 4,500 workers at vauxhall‘s plants could be under threat. in germany, where two—thirds of opel‘s 38,000 staff are based the government has been seeking reassurances thejobs are safe. opel had hoped to return to profitability by 2016, but the slide in the value of sterling following the eu referendum last june contributed to its 272 million dollars annual loss. with me isjim holder, editorial director of autocar. so, is this a good dealfor psa given that gm has been losing money from this business for years? there are a lot of questions because of the $15 billion loss since 2000. most people are realising that psa seems to have a very good deal on their hands. if they can leverage their hands. if they can leverage the scale they are going to create through this deal, they could turn the business ran very quick

and what does the boss of renault—nissan think about brexit now?gets a grilling from simonjack at the geneva motor show. welcome to world business report. i'm sally bundock. also in the programme, a chinese telecoms company gets slammed with the biggest fine ever by the us for braking sanctions against iran and north korea. rico has more on that. but first: the chancellor of the exchequer, or uk finance minister, will deliver the country's final budget before the government triggers article 50 and britain begins its negotiations to leave the european union. despite the ongoing uncertainty over brexit, philip hammond received an eve—of—budget boost from the organisation for economic co—operation and development. it now expects growth in the uk of 1.6% this year, up from its previous estimate of 1.2%. in theory this means more tax revenue for the treasury and more money flowing in to the government's coffers. despite this, economists are not expecting a spending spree from mr hammond. instead, he's expected to put the additional funds to one side in

will make psa the continent's second—biggest car maker, after volkswagen and ahead of french rival renaultill be a giant. last year psa and gm europe sold a combined a5 million vehicles, and posted revenues of 71.6 billion euro. but the deal has already raised fears in the uk the jobs of 4,500 workers at vauxhall‘s plants could be under threat. in germany, where two thirds of 0pel‘s 38,000 staff are based, the government has been seeking reassurances the jobs are safe. 0pel had hoped to return to profitability by 2016, but the slide in the value of sterling following the eu referendum last june contributed to its 257 million euro annual loss. with me isjom holder, editorial director of autocar. nice to see you. it is a very anticipated press conference. what do you think they will tell us?” think we won't learn a great deal this morning other than that the deal is going through. there is due diligence to go through afterwards and the car industry is slow—moving and making changes. there is no rush to change so they will play their cards close to their chest. and they will probably have to

investigators allege that renault's entire investigative team was involved in diesel results.res have tumbled following the publication of parts of the report in the newspaper. france's economy says it traced fraudulent practices as far back as 1990. the company denied the accusations. brent: the european court of human rights has rolled hungary unlawfully kept two migrants in the transit zone on the frontier with serbia. it could affect hungary's plans to detain people in border camps. the situation of migrants stunk -- stuck in the migrant zone. one boy from afghanistan is coping by making portraits which have won him quite a reputation. >> the work of an artist in the making. at the refugee camp in serbia, all are convinced. he has real talent. they call him little picasso. >> i love painting, i must be a painter. i must be a painter. >> the 10-year-old is from afghanistan. his specialty is portraits but he likes also drawing fairytale castles and nature. among his many works [no audio] >> if america can do something, it would be good. >> they left their home in afghanistan

will make psa the continent's second—biggest carmaker, after volkswagen and ahead of french rival renaultear, psa and gm europe sold a combined 11.3 million vehicles, and posted revenues of 71.6 billion euro. but the deal has already raised fears in the uk the jobs of 11,500 workers at vauxhall‘s plants could be under threat. in germany, where two thirds of 0pel‘s 38,000 staff are based, the government has been seeking reassurances the jobs are safe. 0pel had hoped to return to profitability by 2016, but the slide in the value of sterling following the eu referendum last june contributed to its 257 million euro annual loss. we will talk about that with a car expert to give you a sense of the effect on those companies. china's national people's congress convened this weekend in beijing's great hall of the people. the 3,000—strong event is staged each year by the party, and is usually a forum to rubber—stamp legislature for the year ahead. yesterday, premier li keqiang's annual report gave some clues about the state of the economy in the year ahead, and there are a lot of problems ahead. he

. >> at this rate renault's. john: some women would say women are raped on campus was the harm?> by adam of the radical opinion i want to rapist to be put in jail not kicked out of school but the affirmative consent approach is the worst of all. it means you are guilty until proven innocent by the way you cannot prove yourself innocent you literally have to tape record the entire thing from the beginning to the and otherwise it is not ongoing consent it is a foolish idea to pass something so broad it turns everybody into rapist only to punish those that our guilty is crazy. john: 1400 schools have these requirements? >> i think every state school in new york and california. john: don't they laugh? i can believe anybody having sex has repeated consent? >> that is what i find so strange. it is an incredible trust of power. you can find me guilty anytime but i trust you is a bad predicament. john: i am skeptical of victimhood but this girl has a right. you will have heard some surprising things from her. surprising things from her. [applause] i'm going to the bank, to discuss a mor

fiat, renault and pugoet could face charges as well.t's not clear if the france will pursue charges. investigation but it has been cleared. michelle: a few days after meating with president trump, german chancellor angela merkel is denying that they owe money. germany went through a significant military drawdown after world war ii. and merkel says the spending shouldn't be uncoupled from history. speaking of defense spending new pictures from north korea, kim jong un's state media calling a rocket engine test "a great leap forward for the nation's program." that technology could be used to launch a long range missile or satellite. they claim they are close to test launching intercontinental ballistic missile. jonathan: coming up, the have accepted. >> how would you describe your own actions? >> stupidity. >> that is a good way of doing it. you want to talk about a knucklehead move? the creature lurking below the surface that the kid knew was there before jumping in the water. michelle: your smart tv knows a lot about you. the data it's

this is something that will be adding to the performance of mitsubishi and renault. >> brexit has a hugeare the number one player in the market. 30% of our european sales are in a u.k. just the weakening of the currency, of sterling, is a $600 million headwind. our profit base is at $1.2 billion. so it has a huge impact on us. the good news is our team, we have been in business 100 years. we know how to adjust on issues like a weaker sterling, things we can do about it. it just means we will have to be more diligent on our costs. >> what does that mean? are you going to have to lose jobs in england? areo, no, but there certainly more pressures on the cost base for the company. we have to make sure material costs, logistics costs distribution costs are as , efficient as they can be. we made tremendous progress last year, year over year, on cost, and we just need to do it again this year. >> europe for land rover is the most important market. that means we not only sell in finished goods into europe, but we also buy components out of europe. giving that, we need free and fair trade. plants

ofncine: that was carlos renault nissan. we have breaking news out of the south african economy.tracted 0.3%. we were expecting it to be at zero. it is not expanding, but is seeing a contraction. south africa's economy contracting in 2016 even after prices improved and we had a drought coming to an end. we have to dig deeper. what we are seeing in the south african rand on the chart behind me -- you have a one day moving average. 12.9795. let's get back to the geneva motor show, where matt miller is standing by with another great luxury car boss. matt: i am here with stefan oh, the ceo of lamborghini. thank you for your time today. think about your brand, obviously, people who can afford these cars are beyond the border tax or beyond a revised gdp estimate in china, but it must have some effect on you. all the closing of trade internationally -- is that a problem? >> to be honest, if you look at the members, so far it is not a problem. of course, it is something we need to monitor, because it will be a factor. for example, with regard to brexit, we did not have any kind of effect

now you have renault and peugot in the european point of view and gm receding and signalling it's not going for the crown of biggest automaker in the world. a crown that got toyota, volkswagen in trouble chasing that over the years. if it can improve profitability by leaving the continent, fine. the continent in terms of auto sales is on an uplift while the u.s. and china might have peaked. >> they have some $20 billion into it over that period you mentioned. >> crazy. >> they are pulling the plug. >> we have a sudden news alert on espn. julia boar sten, what's going on? >> a source close to the situation tells me, bill, that espn plans to lay off a small percentage of the roughly 1,000 espn employees who are forward-facing talent either on camera reporters, writing for espn.com or creating podcasts or radio reports. my source tells me while costs are always a concern what this is really about is reshaping espn for the digital generation. figuring out what kind of talent they need in place to create content for new products and new platforms. we reached out to espn for this comment. q

i have great faith in them renault of our democratic institutions. but we have to invest in them.t does not happen inevitably. we have to nurture them. >> wonderful. thank you. mr. mcfaul: thank you very much. [applause] -- n behalf [applause] and onk you, ambassador, behalf of