In france ongoing Anti Government protests looks set to harm the economy rallies by the Yellow Vest Movement left destruction in many parts of the country. Cafes and stores were looted many closed for fear of violence to the frustration of tourists and locals. Were only in paris for three days so its such a shame that we couldnt take advantage of that for holiday shopping. I think its a shame for Business Owners because theyre the ones who pay the price i understand that the yellow vests are angry i can respect that. Unfortunately their actions are not responsible given the current economically difficult times. The government says the weeks of protest will cost the French Economy around Two Billion Euros this quarter. I think its very bad news for the French Economy very bad news for Business Owners very bad news for
very small small and medium scale businesses for artists and for all those who are counting on the end of the year sales to bring in higher revenues and maybe to pay their
twenty nineteen driven by continued growth in developing markets as well as in china and russia shares in the german sportswear giant reached record levels friday on the back of a six percent rise in turnover which continues the winning streak for the company uses market value has grown by twenty billion euros since two thousand and sixteen using the company s value to just shy of fifty million euros. the czech republic made headlines last december when its cyber watchdog warned about the potential dangers of network technology from two chinese firms while way and. with that prague suddenly found itself in the middle of a larger trans-atlantic debate over chinese tech firms and the rollout of critical five g. mobile networks and that debate returned to prague this week where european nations discussed network security again and ultimately agreed to a non-binding statement acknowledging the risk from suppliers. the prague agreement might not mention huawei but the u.s.
course he was never likely to be tried in the u.s. because germany doesn t extradite its citizens so now that he s been charged in germany he may actually end up having that day in court so what happens are just askin questions now i mean for v.w. it s the scandal that just to go away that desperate to draw a line under this it s cost them billions and billions of euros so funny just last year german prosecutors did find them a billion euros over the diesel emissions scandal in the u.s. they ve already been fined more than twenty billion euros over this scandal so they just want to be able to draw a line under it as for martin vince a cornwell if he s convicted prosecutors say that he could face between six months and ten years behind bars the same goes for the other four executives they also face having any bonuses they made over the period during. which this software was being installed in those cars taken away from them and there s been more bad news
a half trillion euros in debt mainly from lenders in paris and frankfurt some analysts fear this will be the carnal for the next european banking crisis. and the trade standoff between the usa and the e.u. is adding to jitters the e.u. has tariffs ready to go on a total of twenty billion euros worth of u.s. goods should trump act on his threats to impose punitive tolls on european cars that would hit jeremy the hardest by europe has been wholly focused on the brics it mess for months now these issues have fallen through the cracks. meeting he s the chief economist. and joins us now. all we hear is briggs it breaks it breaks it what are the challenges is you re facing right now and does it need to focus on. well brooks it is indeed the biggest near term challenge and if one breaks it goes wrong then the recession risk in europe would rise beyond the
dollars takeover bid for the american company verse of materials and there are reports about a potential bidding war for a large chunk of universal music which the parent company vivendi is putting on the market both ten cents from china and k.k. are the investment company from the united states are said to be interested the valuation of this part of universal music is estimated to be up to twenty billion euros. kind of a takeover shopping spree shopping spree going on there who isn t in france or thank you. in case you haven t noticed there s a new space race going on who will be the first to build new telecoms infrastructure in the skies the first six satellites have just been deployed from a launch site in crew for it s a new cost effective way to bring high speed internet to even the most remote areas