into the festive period provide some seasonal change and hobson isn't what the future holds. you're watching g.w. news still to come just recently opec and other oil exporting countries agreed to cut production in the hope of boosting prices but they use prices continue to fall to record lows will be here at the moment it with business take a look at and watch for all still to come here on. natural riches of precious resources. and a rewarding investment. farmland has been called to ethiopia's gringo. the country has an abundant supply and leases it to international giants. the government sector high export revenues and the corporations high profit margins.

but not everyone benefits from the booming business. exploration environmental destruction and starvation. the selling out of a country dead donkey. starts december twenty ninth on d w. the u.s. justice department accuses china economic espionage to chinese officials as the trade war between two the economic superpowers opens a new crop. looking at the bottom of the barrel oil gets cheaper and cheaper and opec is struggling to stop the full cost of production as have no effect.

german consumers are known for being spent for a novel that have a domestic consumption is slowing christmas present to retailers bottom line it's. welcome to do business and i mean. the u.s. justice department has indicted two chinese nationals accusing them of cyber spying china's foreign ministry rejects what it calls slanderous accusations from the u.s. and its allies for slamming china over economic espionage the u.s. and china in the high stakes trade dispute but the alleged hacking operation dates back over ten years. according to u.s. authorities the hackers targeted some of the world's leading corporations they breached the networks of technology companies and then stole secrets from their clients. or in this case is significant because the defendants are accused of targeting and compromising managed service providers or m.s.p.

. in a species or firms that are trusted to store process and protect commercial data including intellectual property and other confidential business information. when hackers gain access to m s p s they can steal sense of the business information that gives competitors an unfair advantage the attacks were allegedly part of a chinese campaign known as cloud hopper with the defendants working on behalf of china's intelligence service the managed service providers networks were infiltrated multiple times in breaches that lasted for weeks and months the deputy attorney general described it as part of a trend of state sponsored hackers breaking into u.s. networks more than ninety percent of the department's cases alleging economic espionage over the past seven years involve china more than two thirds of the department's cases involving theft of trade secrets are connected to china china

has rejected the u.s. allegations of industrial espionage the foreign minister in beijing is calling the accusation slanderous they also state that the u.s. would also have to withdraw its charges against two alleged hackers from china this dispute is likely to further burden the already strained relations between the u.s. and china due to the trade conflict. price of brant crude slipped to its lowest level in fifteen months yesterday as we covered slightly this morning but oil prices have been steadily sliding for weeks dropping more than twenty five dollars since the beginning of october what it was hovering at around eighty dollars investors hope supply comes from opec would prop up prices at the cartel of over whose incomes whose is finding that easier said than the. earlier this month oil cartel opec and its partner countries agreed to cut production to one point two million barrels a day from january the regime to reduce supply and boost prices the price of

a barrel of bread has been dragged down by a combination of factors the global macro economic outlook isn't shining on the oil industry and this week's rate hike from the u.s. federal reserve has exacerbated investor fears of an economic slowdown but oversupply remains the biggest challenge for the industry increasing crude production in the u.s. which is now a top producer worldwide makes it more difficult for opec to control the global market. so while the downward trend of oil prices may be welcome news for drivers it spells trouble for opec an inability to influence price may mean its effectiveness as a cartel is diminishing so what's going on with all of what's going to happen next year let's speak to spencer well she is an oil market analyst and i access market and joins joins us now from london spencer is that low oil price only bad news for opec all the. other ripple effects hi good afternoon

well it all depends whether a country's a net producer or net consumer of oil sunk so net producers like the opec countries and also what the producers look like russia they would fight would be would be bad news for them but for countries that are the neck consumers of oil which most of the rest of the day the world the low prices good news. because interested in striking a good balance of interests there or are they just looking to maximize their profits yes i think they are trying to do two to find the right balance they would probably like the price to be somewhere around seventy or eighty dollars per barrel compared with the current price which is fifty three and however even just two months ago there was worried that the market was overheating the prices it eighty six people were already was going to hit one hundred and opec a worried about that one hundred number because then that stimulates competition from from other fuels and actually back in june because of the high price opec

released their production constraints because they're worried about the price going to high so there's been an incredible change in the market in just two months. if we're looking at the longer perspective is that kind of drop that we're just seeing right now is that unusual or and if so what makes it unusual. it's pretty unusual but it needs not unique so the oil market actually swung from what is defined as a bull market through through september october because the price was going up so quickly to to a bear markets where twenty five percent of the of the value of a disappointed to go from a bull to a bear is a really in that short time it's a really significant change but it's not unique so back in two thousand and fourteen when the world became oversupply with oil the price also dropped very very quickly and although it didn't go from the the sudden ramp up to ramp down that was

just the price fall spencer can opec actually do something about it and briefly where do you see all going next year. yes they can it all depends on whether they can they can deliver the cuts of one point two million pounds of the they promised they have a recent history of being good at that in twenty seventeen they delivered one point eight that they promised and however this time there is not a clear breakdown of who will deliver water it's going to be harder to manage there's more uncertainty what will happen with prices i think there will likely be a little bit of a price recovery next year but not much and in a key thing to watch is the second half of twenty nineteen we expect another surge of production from the united studies which is going to push the price down and put more pressure on opec to maybe cut even further. all our list from

market in london thank you very much for this analysis thank you for a few brief hours it looked like this one chief colors gold would be getting out of jail before the gate even opened for him to pass a prosecutor's office has issued fresh warrant for his detention prosecutors now say they've gone dumped millions of his own personal debt onto innocent accounts he was originally arrested on november nineteenth then prosecutors alleged go and declared far too little income personally enrich himself using this and company kept. well here in germany consumers are known to think twice before splashing out on goods and recent economic data doesn't do much to help business confidence is down especially among retailers this month's well christmas be able to make a difference will the spirit of the season help make up for lost business in the

past we went shopping in berlin to find out. it's the most important time of the year for teen movie. it's just a few days before christmas the manager is hoping to see a lot of shoppers in his luxury department store card even he's pleased with this year sales. the personal touch and friendly atmosphere of very important something online rivals don't have the department store depends on both german and foreign customers the employees give buyers advice especially about the current trends it's something that fans got in but there are serious trends when it comes to fashion a classic cashmere sweater is popular toys are still ahead from classic board games to dolls for your daughter but there are a lot of new trends for the home this year like interior design and for the kitchen if you don't fancy to say i was on the starched smaller stores are not as upbeat because i fried manages three fashion shops in berlin she's found in each with

special smaller sustainably produced brands she has many regular customers but sales could be better now she's thinking about launching an online shop even though it's a daunting challenge. plus very hosley and would require hiring at least two new people purchasing inventory would also be an organizational challenge that's why we're taking our time being careful and seeing what happens in the coming months. and fussed up a seeking one at some consumers prefer shopping in their own neighborhood. it's understood is again when i support my neighborhood stores and avoid online shopping whenever possible i'd like to see and feel the president i just think it's better for me some coffee is have a nice ninety i can start shopping in stores walking around and seeing what would suit my parents or siblings. seconds going past there's

a big difference in price or if i can compare items better i buy online but going to a store is always good. but there is growing competition on the internet more and more retailers are doing business online particularly in entertainment and consumer electronics analyst seven crease their growth forecasts for november and december from nine to eleven percent. is bucking the trend by focusing on traditional retail sales only consumers can determine if the strategy succeeds. and that's all from me in the business to. grow your own back. here on the dollar just off. is our c.e.o. .

it's beginning to smell a lot like christmas in vera gibbons gingerbread city the largest in the world. adults and youngsters joining the baking to make sure this winter wonderland. the delectable tradition kicks off the festive season in norway. you.

know. how do you. sustain. discover the bauhaus you talk about this one starts january thirteenth on t.w. . often find full details take you seriously in the world oh boy here's what's come out women strong. smartarse smart stay in the gym for increasingly dangerous time to look for my. sleep. carefully. don't simply choose to begin to.

discover the real. live. subscribe to the documentary i want to. lead. hello and welcome to sell more european lifestyle in the countdown to christmas let's see what we have lined up for you today. that was great.