japan's government was quick to quash fears of a run on a sun alliance collapse. what's important for now is to ensure the alliance between renault and nissan remained stable it would want. carlos gomez career appears to be collapsing however he faces up to ten years in jail are found guilty. this week the european commission decided to begin excess deficit procedures against italy for what it says if excessive public spending it's the first time a member states budget has been rejected but the commission is determined to prevent italy from increasing its debt burden currently one hundred thirty percent of g.d.p. and therefore twice the e.u. limits the procedures could burn a further whole initially pocket with a fine of up to almost three and a half billion euros. he cares to slash seven and a half thousand jobs around the world as it shifts more towards online retail workers in communications in administrative functions are most likely to get the axe it's a rare case of restructuring for the swedish furniture giant which has so far appeared immune to the fate of

of course an important company here in france, but also its alliance with the sun and mitsubishi. >> the implications of the scandal could be huge because renault-nissan-mitsubishi alliance made it the most powerful carmaker in the world. it has been no secret there have been some rumblings among japanese executives that renault was taking up too much of the alliance's fifinances. indeed, carlos ghosn said he wanted to consolidate the alliance, to go forward with an ever greater union. that had been causing some unrest on the japanese side. people talking about whether behind the scenes of this whole scandal, if this is not more of a boardroom coup. going forward, we know nissan and mitsubishi are seeking to remove carlos ghosn. the chief executive of nissan sought to distance himself in no uncertain terms in the press conference yesterday saying too much governance had been placed in the hands of one person. the question is whether this will shake of the balance of power in the alliance. here in france, renault executives say they are keen to reserve an industrial gem. we will see wh

was reporting the financial times a while ago was reporting that the company's alliance between renault mitsubishi and the sun was moving towards a merger undergoing and it seems that nissen and some people within the company were rather unhappy with the prospect of that particularly if it was a merger of unequals with renault being the dominant shareholder and if the japanese want happy about it is that the way you go about dealing with that arrest the scene when he lands in tokyo on his play. well we have to remember that you know on the face of it there's been degrees of corporate wrongdoing so this has gone has been on the reporting his own pay misusing company yes it's and you know this there's limits of collusion evidence of it but what we know is that when you have a celebrity see someone who's put up on a pedestal they used to be manga comics featuring carlos going in japan that often they they they begin to think that the normal rules don't apply to them so in this case it might have been someone who thought that normal rules don't apply and then the rules have a habit of sometimes catching up with p

car makers is looking shaky off to the arrest of its chairman heads the french japanese alliance between run and sun and mitsubishi he is accused of underreporting his salary and misusing company funds and has a name as. carlos gono was an auto industry leader respected by many in japan now he's in jail and is expected to be fired as chairman of nissan on the whole and you know. it is not desirable that the foundations of the company are shaken by the arrest of golden light but we are going to work hard so that it works in favor of the alliance with the military prosecutors say a whistleblower alerted them that go on conspired to under-report his salary by about forty five million dollars at use nissan's money to finance homes from brazil to beirut. i'm very surprised that this happened to the leader of the company that makes the car i drive i really hope this is some kind of mistake. go on has been credited with reviving nissan and forging a formidable alliance with mitsubishi and reno there are a lot of people on the board of all these companies and i know how to run a car company but the problem

from asia to europe the news has had a ripple effect the automotive alliance is a heavy weight for the global economy. you know when you sun regardless of the rest it is important that the current nissan reno mitsubishi alliance maintain a stable relationship. but first the board of nissan must decide what to do about gone whatever the board determines on thursday there's no way out of the current shake up that's hit the automotive industry full force. and a reminder of the top story we are following for you at this hour so my gran's in mexico say they fear for their lives after around two hundred people in the border town of. staged a violent protest against the presence of the weekend around three thousand migrants from central america are currently in the city most of them are hoping to apply for asylum in the united states. you're watching news coming to you live from berlin you have more coming at the top of the hour for now thanks for watching. on the. war has been a secret. every ten minutes child dies. starvation malnutrition. and there's no and insight into the finding. is there any hope at all for these children.

asia to europe the news has had a ripple effect the automotive alliance is a heavy weight for the global economy. begins and you know when you sun regardless of the rest it is important that the current nissan reno mitsubishi alliance maintain a stable relationship. but first the board of nissan must decide what to do about gone whatever the board determines on thursday there's no way out of the current shake up that's hit the automotive industry full force. the world's most famous digital currency has plunged to its lowest level in more than a year bitcoin is now trading at below five thousand dollars and almost nine percent slide in one day the downward spiral continues a sell off that was triggered by an upgrade to the software used to run bitcoin the introduction of the new technology causes what is known as a fork between the old and the new version of the currency this butting into two has sparked investor fears of instable. internet giant google is reportedly working on a submarine cable to improve internet access in cuba online connectivity remains patchy on the caribbean island for example three g. service which many us

alliance, he also board rental -- renault's until 2016. recently, it reported ghosn planned to fuse the companies, souring their relationship. with strong opposition from the sunnd ghosn's arrest, it would appear the idea is dead. he insists the alliance will survive the scandal. his priority will still be to protect nissan. genie: it has been a bad week for those company's shares. how are they happening today? >> we saw small recovery on the two japanese companies in this alliance, nissan and mitsubishi. those shares both up like -- up slightly. renault shares responded positively to the news. really, we are seeing moderate moves. all of those companies, their shares were significantly less than they were at the start of the week before we heard the news of carlos ghosn's arrest. the next big step the markets will be watching is the meetings in paris later. genie: they have been reacting to another story over brexit. >> the draft of the political agreement being released caused a spike in sterling up against the dollar. it had been up more sharply in the first few minutes after that had been released, still some sign of details to be ironed out and currency m

does the debate within the sun complicate the future of the alliance of these automakers attached totory? craig: absolutely. with the nissan board, you would have assumed there was going to be this sort of trouble when you think about how long carlos ghosn has been with the company, you would assume there would be factions within the board that are there because of him. he has been the face of the company for decades. clearly, there will be loyalists on the board to the ceo who was critical of mr. ghosn during a press conference on monday. that is where these divisions perhaps come into play where you have two power players at this company, one being the chairman, one is the ceo. it is complicated because you have a situation where not only the nissan board is calling for more information but also the renault board where they did not oust him as ceo, sort of elevated the coo on an interim basis to play that role right now. shery: how are they doing business lies? here in north america, mitsubishi has had some challenges. some of that was maybe springing from unrealistic targets. ghos

alliance, mr. ghosn covering the sun -- covering nissan. we see the stock plunging today. nd to be she. that hasa hodgepodge resulted over a number of years. no coming in many years ago -- renault coming in many years ago and carlos ghosn made his name with nissan before, but on the international stage, he made his name on turning the company around. now, what we have is this alliance between strategic assets from the japanese asset and mitsubishi motors that has tagged on, which nissan ticked up on the cheap years ago and mitsubishi motors had their own scandal. i don't think anyone is terribly satisfied with the condition of where these companies lie. ghosn was working on a restructuring of the alliance. it would be something that would take someone like him to do. the japanese and french governments and not interested in a merger between the two countries, or giving up control to what -- control to one entity or the other. this will remain to be seen. francine: we had a pretty lengthy conversation with mr. ghosn where we talked about the possible alliance, merging furthe

alliance so patient with iran? do they hope that iran is the prodigal son of the sun who will one day return and rebel? that is a pipe dream. i ran difference, iran defines the united states as a civilized world, will never cease. it is time the world to take action to terminate this threat to the peaceful future of our children once and for all. i don't want to continue a lot. thank you very much. thank you. thank you. [applause] >> we'd like to welcome judith miller up to the podium. judith is a pulitzer prize-winning investigative journalist and they're going to have a conversation. >> greetings everyone, and happy halloween. an appropriate holiday given that scary nature of washington these days, and much of the country. we are about to have an election as you know. we are delighted to have you here and your excellencies, fellow students and experts of the middle east, and on the middle east. i was a little both concern and believed by your remarks. because up until today and your speech, the murder of jamal khashoggi has not been mentioned. in addition to the long-standing ties between saudi arabi

from asia to europe the news has had a ripple effect groans alliance is a major force on the global automotive market. i understand that the sun's chairman carlos ghosn was arrested it is extremely regrettable that we are seeing a development like this. i declined to comment on details of his case as prosecutors investigations are underway regarding its impact on the economy the japanese government will closely watch this development. beyond any potential economic consequences many japanese say they've experienced a sense of betrayal after the revelations. we do get if they are actually we also have a nissan car so i do feel deceived because essentially he was being dishonest. and when i hear nissan i think of a company that your hand is proud of my family drives a nissan but as the head of a company you shouldn't do something so irresponsible and as a japanese person i thought it was embarrassing. now a decision needs to be made about cohen's future on thursday nissan's board will determine its course of action. tech stocks are heavily losing market value on the trading floor some compare it to a bubble others say it's nothing

comic is powerful by pooling resources but it's on will be the alliance and has been called the glue behind it now the old world and the sun's home country of japan and trying to make sense of his arrest. at first glance it's just a normal day as the employees from nissan head into work but in reality it's the day after their boss carlos ghosn was arrested. put in we have pretty tight there no stick with bones arrest is regrettable as he's the one who helped nissan turn around its business. i hope management can work hard to regain the public's trust most of it almost from what i take the place of. trust that carlos ghosn is accused of abusing the superstar auto manager is said to have under reported his income for several years and to have misused company money from asia to europe the news has had a ripple effect groans alliance is a major force on the global automotive market. i understand the nissans chairman carlos ghosn was arrested it is extremely regrettable that we are seeing a development like this. i declined to comment on details of a case as prosecutors investigations are underway regarding its impact on the econ

alliance of nissan renault and mitsubishi motors carlos go on has been arrested on suspicion of underreporting is income and engaging in what the company called other significant missing misconduct in the sun c.e.o. said he had called a board meeting for thursday to approve go and dismissal as chairman of the company for allegedly understating his salary by forty four million dollars over five years starting in two thousand and eleven he was seen as a star car manager credited with leading a dramatic turnaround nissan over the last two decades. davies and general good car going with formally regarded as one of the most dazzling managers in the automotive business after all he has the partnership of make the b.c. i've missed on to his belt. but he's been under investigation for months now the japanese carmaker nisson says an internal investigation shows going under reported his income for several years he's also said to have used company money privately nissan c.e.o. he wrote says the alleged violations involve millions of dollars going to continue with those near because there are problems in terms of governance when the top of ran no is concurrently serving as the top business done with f

statement from renault was saying we are awaiting more information from the sun and we will defend his rights in this alliance normal stuff. this situation where the alliance as a whole, nissan makes most of the prophet because of the way the shareholding is set up, renault has control. in -- a 15% stake mitsubishi has a 15% stake. that has caused resentment in japan and we have seen that boiling out overnight. because of the way it is set up, it is hard to know how you would untangle this situation, unscramble this take. .- egg palace coups often start off with a new regime and saying it will be better, but more often than not they end up with civil i was going to: ask you that next. we know the laws in question, we know on the surface what happened. my question is what do you think really happened? reporter: [laughter] as you say, i don't know the details of this, but one thing i was struck by, and this whole case is under investigation, they didn't put out many details. there is a fairly conventional thing that happens in corporate scandals in japan or in the u.s. remember when steve jobs had options backd

would have cemented the sun's position as the weaker partner even though the company is performing better than renault. the rest has now raised concerns that the renault nissan alliance could collapse something the japanese government wants to avoid. to do again what's important for now is to ensure the alliance because you know nissan remain stable and. carlo's career appears to be collapsing however he is suspected of underreporting his income by several million euros over a five year period as well as misusing company assets for personal gain could face up to ten years in jail if he's found guilty. for more on the story let's bring in our he's a professor of strategic management management at warwick business school in the u.k. and a commentator on the car industry program christian we've seen that this is a very complex alliance with the much smaller renato having a big say the much larger nissan do you think it's possible that mr gone down fall is politically motivated to shift the division of power in favor of the japanese. well at the moment this is pure speculation but it's possibly what i do think would be surprising if executives. haven't known about these

sun is breaking through on victoria harbour. happy friday to you all. you are watching "daybreak: asia." tom: thank you. support for anir allianceite the firing of carlos going. a winning cooperation. it was later backed by a ceo. they voted unanimously is -- unanimously. appointing an interim leader. exchange aboutg nissan as an enterprise. what is important for both of us is the preservation of the group is goinghe through turbulence and that should not be allowed to threaten thousands of jobs. an emergency has been declared in new south wales. about 100 firefighters are working to contain a blaze on three fronts near newcastle. they are being backed up by a water bombing aircraft. believe it will continue all day, frustrating efforts. the commerce ministry dismissing claims as unwarranted and says the trump administration is wrecking relations. the leaning tower of pisa is not leaving so much. work, it has of better structural health than expected. it reopened in 2001 after being closed for years over fears that it would collapse. oftoring hundreds of tons lead counter weights. global news 24 hours a day, on air and at tictoc

sun goes down, rain chances start to go back up. temperatures in the 50s,ldhe 0s this morning. dog walking forecast, adopt citgo here from the humane rescue allianceeir website to find out how to bring him into your family. temperatures today, nothing to complain about. how about mid-70s for the first day of november. >> definitely like that thank you, chuck. new problem here on adelphi. new hampshire avenue at north hampton drive. they're responding to a pedestrian crash.g we're try get more information on this one and how severe this may be. wel let you know as soon as we know more about any closures, anything like that. laurel, southbound bw parkway after 198, crash with the left lane blocked. you can see those delays there. arlington south glebe at route 1, a crash reported just now. taking a look through prince george's county, 4 and 5 look fine, by inbound on 210 going just 10 miles per hou'r >>> y waking up to breaking news of another homicide in d.c. we've learned that a man has died after being shot near union station on halloween. this is a look at video of the scene on massachusetts avenue. news 4 is working to learn more about the shoo

government and renault have too much control over the alliance, with voting rights that nissan does not have. that may get pushed to a later date as in the sunow to take this on that later on. keep in mind, the three main players attended the meeting in amsterdam by videoconference, so it is kind of hard to have fireworks when you're not actually face-to-face. so you have the three ceos right now, ceo of nissan, as well as mitsubishi, and terry ball array , the interim ceo. keep in mind, renault has not hosted carlos ghosn as chairman and ceo yet, they want more proof of the allegations before they made any kind of move. the nissan ceo spoke to reporters and said at three leaders are aligned on the direction of the alliance. renault also said it is committed to the alliance. we heard from the mitsubishi motors ceo, he said it is important to restore a sense of normalcy. he also said that the board discussed on the operations, not personnel matters. and guess you could say that this diffuses the question of leadership for now, but it will be pushed down the road, because it is an issue nissan wants to address. ramy: as you talk about folks wh

alliance is threatened by the arrest. a board will meet in amsterdam thursday. he remains chairman of the partnership which includes mitsubishi. the suno split -- nissan is posing to split the top job a. eu consumer groups are accusing google of abusing tools that top user location spirits of and european consumer groups say they will file complaints with the national regulators. google says it will see if anything it can use. elon musk says you can change the world but not if you work only 40 hours a week. the man behind tesla, spacex, and other companies wrote that 80 hours a week is a sustainable number with peaks above 100 at times. he warned that when you start working more than 80 hours, the pain level increases exponentially. that is your "bloomberg business flash.". alix: does it have to be aided? -- does it have to be 80? get off your email, you need to deal with your homework. here is the wall street beat. chestll's $5 billion war has assets ready to be deployed at the next downturn. chief market shank was a contender to run deutsche bank before leaving. now he is setting his sights on weinberg. gm/for corporate greed. jim h

alliance of the three big card manufacturers?m was the creation of callas ghosn, benin nissan together with renault and latterly mitsubishi. car companies hadn't this before and it was built from the sungly in the last 30 minutes we have heard from the french government, finance minister saying mr ghosn was no longer in a position to lead renault, so for all the allegations have been about renault but now it looks like the french government, which is the influential shareholder in renault, is actually turning its back when it comes to renault. there isa back when it comes to renault. there is a board meeting later today, the renault bought, it looks like at the very least he will be suspended or excluded cos once the french finance minister says you are not in a position to lead this country, you are not in a position to lead the company. dominic, thank you. the duchess of sussex met take that as she attended the royal variety performance for the first time. meghan and her husband prince harry were also entertained by singers rick astley, george ezra and the cast of hamilton during the annual charity gala at the london palladium. in a moment, the weather but first let's join victoria