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tv   Business - News  Deutsche Welle  January 1, 2018 5:15pm-5:30pm CET

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north korea's leader kim jong un has a limited new year's address saying all of the united states is within range of its country's nuclear missiles but he adopted a more conciliatory tone toward south korea saying he believed talks between the two countries were possible. that's all for this hour from t.v. news in the land see you again at the next hour. of. w.'s program guide on the internet the highlights. the holy month. dot com highlights. maggie has no children which makes her feel worthless and incomplete. in a society that expects them to be her children this is a burden many married yet childless women in niger suffer from. a wife is only
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fully accepted upon motherhood. a very personal film about the suffering of childless women in niger and. the fruitless tree starting january fourteenth on d w. new year tax saudi arabia and the united arab emirates continue to struggle with the impact of little oil prices now their citizens for the first time ever will have to pay a value added tax. with the holiday shopping spree over we ask how will big data change your future shopping and the customs officer as it is moving companies are grappling with the new terms of and european trade. this is
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a business i'm crystal coble welcome and a happy and prosperous new year to you saudi arabia's fate is decided at the world's petrol pumps high prices for oil and gas mean strong state revenue but a drop in oil prices and twenty fourteen increase the kingdom's budget deficit prompting its to introduce austerity measures the latest one introducing a value added tax and there's more. one last fill up before gas prices go up now even saudi drivers are concerned about prices gasoline is rising in cost from twenty cents a liter to forty five cents most drivers aren't happy with. the increase will affect people whose lives depend on using a car most of the time i work in a medical equipment company and on a normal day i drive between three hundred and four hundred kilometers so it'll affect me strongly people's more which not you can see under person or kid people
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ignored we could separate the news but it is too cheap to cheaper than the other going to the super. low oil prices mean saudi arabia is scrambling for more income the price of a barrel stabilized last year around sixty dollars yet the international monetary fund calculates that saudi arabia needs an oil price of at least seventy dollars a barrel to balance its budget. higher prices for fuel are a clear sign that the government is serious another sign the government also has introduced a sales tax for the first time in the history of the country a five percent value added tax is now charge for food and drink textiles and in the real estate and hospitality sectors. saudis have grown used to not paying taxes for anything though including income tax so the authorities are implementing them gradually to ease the pain. well most of the holiday shopping season is in the bag retailers here in germany showing
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a mixed level of satisfaction according to estimates german spend about ninety five billion euros on christmas gifts three percent more than last year and the amount spent in online shops has again been growing turning the holiday shopping season for traditional retailers into a real challenge. carlin's alexa shopping center can't complain about customer numbers sixteen million people shopped at the mall in the heart of the german capital last year alexa is home to about two hundred shops still the manager of the mall is always looking for new promotions competition from online retailers means getting people to come here is a constant challenge. we have in this hoping that on with. our focus is the shopping experience we have to think about the quality of our service about the feel good atmosphere of the shopping center we want the customer to leave thinking it was really worth coming in buying directly in person. and yet
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getting customers in the door is only getting harder shopping online has never been easier that's why wine merchant friedrichs belt runs a website in addition to a small shop on the outskirts of berlin. and you need to have people talking about you so you host a holiday concert or you offer a gourmet menu that's how you get people into a store today at the same time you keep up a good presence online so that everyone knows what you have on stock. in particular young people like coming into the store to taste the wines and spirits and make their first purchase in person but when reordering they usually go back online. all right let's talk some more about the future of retail with k. pussy he's a professor of business informatics and digitalization at potsdam university just south of berlin k. welcome to the program how much of
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a threat is online shopping truth to traditional retailers after all the majority of revenue that is spent in retail is still spent in traditional shops where people have to go to other times aren't changing but online retailers are the major threat . what do we see is. that retailers are underestimating what smartphones change in their business what really happens is a change of customer ownership so up to now you would have a customer. such evaluate and then decide. and if you do marketing for instance you go to search or two of the evaluation stage and what we will see was modern smartphones and big data based systems is that and evaluation stage might be skipped and how will that change the
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way we do shopping up to now you my think hey i need this or hey i need that are you get an impulse and then you go through these three stages and tomorrow your smartphone might end up with giving you an interesting hint on some interesting projects and you say hey. that's what i was searching for for years and then you can say yes or no ok and after all if that product is of interest to me i'm going to buy it somewhere so that particular store will make the revenue in the end oh if you say it's interesting click then you might have been already done or you'll be sent to some urgent. even real world merchant and you'll be far better off than before we're left the services because it's easy if you have
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the data about the end customers which is cross-sectional so you know a lot about every customer and you have a lot of customers then you can do predictive analysis and if you're able to do that then you can ask the first merchant how much would you pay me if i send the customer to you second merchant how much do you pay thought maybe online merchant number four and then you restart was much at number one so the margin completely is taken off the retailer and goes to the one who owns the custom caper. professor of business informatics and digitalization thank you so much for your insight and your visit in the studio today. and what companies are trying to cope with the changes of the digital era challenges offline remain for example when britain leaves the european union next year trade within the block is likely to much look much different companies used to seamless pan-european business suddenly
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will have to deal with somebody new the customs officer. a tracking dog works with customs authorities almost daily at the german port of bremerhaven today the team is inspecting a container out of colombia detergent and fabric softener are the listed contents an unusual load for shipment out of that country the check last for two hours. you . know not all of the inspections are so complicated but whenever you get a suspicion that something is a little off of the shipment you do have to take a closer look. by comparison shipments within the e.u. are checked on a random basis that's about to change for the u.k. with brags that the country is leaving the customs union meaning it shipments must once again be declared. you're not going to have the same shipping base because of customs which we want to move as quickly as possible of course because we don't want to be
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a financial burden for anyone but the concerns of customs and financial as well as security obviously have to be taken into account. it was not to. carriers are watching closely how big shipping company e.t.s. brings in a third of its revenue from shipping to the u.k. thirty to forty truckloads a week head from hamburg to the british isles. going through and we have a lot of bad cargo with chemical products inside it cetera also carton goods things like nuts pistachios peanuts and dog leashes and a lot of those oddly enough. whether dog leashes or chemical products everything will have to be reviewed by customs that would be a new thing for to moan scholtz and his colleagues specializes in or european transport and has had little to do with customs so far. not all fall off in five yeah it's a challenge without a doubt we're definitely not giving up this market we just have to prepare
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ourselves educate ourselves and and create the conditions to get. things through customs here we have partner firms in the u.k. who can do the same thing for us they're getting from have an income and. some goods will have to be staged at a new interim storage area because u.k. port aventura at dover is unable to handle specially large loads of them on the. open door when you say the customs check can only be done in dover where there's three hundred four hundred truckloads sitting there waiting to be checked and over is an especially big yes you have a problem that big delays start popping up. and that costs money the shipper then has to pass on extra cost for trucks and drivers to the customer but are there other options as brags that nears the coming year of negotiations will be critical . to venezuela and the country will dramatically lift its minimum wage again in its
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struggle against runaway inflation and widespread poverty president nicolas maduro announced a forty percent increase on millions ethe the government have lifted the minimum wage several times last year experts say the increases are actually making inflation worse as the government prints more money to cover the cost of the wage increase prices in venezuela are up nearly one thousand four hundred percent between january and november. and so.
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