all $16000000000.00 u.s. dollars is a bling bling match made in heaven. reinstates internet access in the country the true damage to the economy caused by the protests and its violent suppression becomes clear. this is business. as welcome markets across the region region got off to a good start into the week hong kong exchange surged 1.5 percent following a big win for pro-democracy candidates in local elections shares got another boost on news that beijing offered an olive branch in the long running china u.s. try talks over the weekend beijing announced it would hike penalties on violations of intellectual property rights the ip issue has been a major sticking point for the u.s. in the talks an agreement on it is seen as a key to their success. south korea is hosting a meeting of leaders president moon j. in welcomed heads of governments of the southeast asian group to the summit it's

being held to celebrate 30 years of cooperation between the un and sold moon has unveiled a new southern policy that aims to boost economic co-operation with as well as india the aim is to counter the negative effects of the ongoing us china trade exchange. french luxury goods giant. clinched the takeover of u.s. jeweler tiffany the takeover is a win for both companies many analysts say tiffany has been trailing rivals in sales growth in recent years and made hopes to deal the deal will boost its presence in the united states the mh is owned by francis richest man on the its fashion division includes prestigious brands like louis tall christiane the oh and cancel its watches and jewelry section comprises buggery and tag hoyer is also

represented in wines and spirits by way sean draw and is also active in the hotel business the $16200000000.00 deal will be mages biggest acquisition to date. a luxury brand as american as skyscrapers now to be taken over by l b m h a luxury group so european that most people have trouble pronouncing its full name u.s. jeweler tiffany is one of america's few luxury brands it's a bit old fashion and is looking to gain some credibility with a new generation of customers. paris based l d and h. believes it is just the owner to manage the transformation it owns a portfolio of $75.00 fashion houses and upmarket brands it tightly controlled the image and distribution of a range of products to keep them profitable and aspirational l.v. and h. had revenues of nearly 48000000000 euros last year most of it from its leather in

fashion division with brands like louis vitol and the your it's luxury department store holdings are nearly as big tiffany will fit into its watches and jewelry division currently one of its smaller units. the m 8 says acquiring tiffany will transform its jewelry business and strengthen its presence in the united states as luxury shoppers in asia are hit by the global slowdown so. tiffany. marriage made in heaven. standing by only what's what's the deal tell us about the state of the goods industry. i think the luxury because industry is suffering along with a lot of other industries from the waning world economy and from all that uncertainty that is out there and that shows in the numbers tiffany's for example

recording less spending by chinese tourists visiting new york city also many stores that i know here in frankfurt that sell luxury brands we also have a tiffany in frankfurt here for example there are also heavily dependent on spending by foreign tourists. a marriage made in heaven i don't know usually a marriage you can only determine that once it's been there a few years it's certainly a marriage of necessity if you look at tiffany's fate within the past few years and i think i know the head of. the h. will depend on his business action man to bring the brand up to speed he's known for toughness is known for unsentimentally slashing jobs might be tough for those tiffany people i've been in the tiffany store myself in new york he won't want to touch that it really is an icon you get kind of a special feeling when you walk in the door at least because of that famous movie.

in the thank you very much it leaves us in frankfurt that. now we have some other global business stories for you that are making headlines today has been refused a new license to operate in london transport regulators say their decision is based on safety concerns that ride haven service has faced allegations elevations it's been putting passengers at risk as well as opposition from drivers of the iconic london taxis. tesla has received nearly 150000 orders for its new electric pickup truck despite an embarrassing launch last week the much hyped unveiling went off script of the cyber trucks window splinted twice despite the long lost bragging about the strength of the glass tesla's share prize fell 6 percent after the launch. as on is opening

a pop up store on chinese e-commerce platform indoor door it will offer around 1000 overseas products imus in a struggle to get a foothold in the world's 2nd largest economy it closed its marketplace there in july e-commerce in china is dominated by homegrown players are they bob and j.d. called. more than 100 people died in protests against fuel price hikes across iran according to amnesty international iranian authorities say about a 1000 demonstrators were arrested tehran restores the internet after a week long government shut down this trail off the country's crisis becomes visible for iranian business it's time to take stock of pick up the pieces. the iranian government says 450 bank branches were destroyed in protests that hit more than 100 towns and cities with damage amounting to 700000000 euro is the rest was triggered by government imposed gasoline rationing in price hikes ordinary

iranians especially young people vented their anger on the street. people filmed the protests and sent the pictures to their friends pictures that were not shown on state television. authorities responded by shutting off internet access abroad for days iran was offline to the rest of the world. bad for freedom of expression but also for the economy as one official admitted to some businesses of lost profits as a result of cutting off the internet a decision will be made on compensation for their losses after the current situation is over. but for many iranians living conditions have been worsening steadily in recent years so much so that fresh protests can't be ruled out. as yet i'm a shitty. in terms of our livelihood our income has not changed at all one has in all. and i mean i'm against it our costs of tripled or quadrupled which puts people

under serious pressure. especially the working class divide it in a corner. people are under a lot of economic pressure. and if it continues like this it will be really hard to manage the costs of living. on what is then they give time you know has in our mouths on wall emotional. compounding the pressure is the recent slump in the real the government has taken measures to prop up the currency but for oil revenues are down due to punishing u.s. sanctions it's a downward spiral from which there seems to be no escape route. let's bring in dr borenstein she's with the german chambres of industry and commerce in iran you've just returned from tehran for a visit to germany everyday life ordinary people that become unbearable now it's not unbearable because you know iranian people are very creative and very patient

with regard to their situation but if you look at the figures it's really hard chip right now so we have inflation rates from round about 40 percent we have currency which decreased during the last year for let's say. 2 times so we started in last year one euro for 60000000 today b. or one euro 425000000 so that the currency has lost its birth and it's really hard for people to. stand their life. does the embargo play or the regime of course says it's a conspiracy from foreign foreign the powers but the embargo seems to have a real effect on the average people yes now. we can say frankly the embargo works

it hits the economy really hard 1st line because of. oil which is forbidden right now so iran is not able to earn money from from its oil sales and as i told you the inflation is going up they currencies going down so it's really for iranian people a heart. to do their living but on the other hand iranians are really creative in finding their base through told more creative you said earlier when we spoke that the iran's economy is very much dependent on the internet. and this internets. now for 4 weeks which basically i think was designed to help quell the protests what damage has a done it's a really big damage experts estimate that $61000000.00 a day is lost iranian economy though that's really heavy and iran has

a lot of you know a lot of online trait though you have more than 5000 start ups in iran very very active very life least start ups for example you have that you know everybody knows. it's called in iran snap and it's working as well as birth just so it's really it's really a big topic for it rain for iran. thank you very much. and that's all from my v.w. business for now if you want more from last check out our website said steve w. dot com slash business and coming up next there's the news just after a quick look at global markets were. the 1st.

with each passing day of the continuing conflict in syria more and more children fear their future may be fading away. with every classroom damaged or destroyed. every child witnessing the horrible. every family fleeing the violence we can't risk losing an entire generation of children fear and despair. because they are the future of syria. you're going to unofficial estimates more than 1200000 venezuelans live in colombia legally and illegally. already at all i'd return to venice whaler. to visit friends is that i don't think i'd ever go back there to live you know what

i live there again i don't know so i'm not sure. witness global news that matters. made for mines because and now i'm going to give me a fictional version but as affectionately as you can. bloody near to jim in the middle of his election campaign in the year 2000 a documentary was filmed for russian television but director vitali munson captured much more was to turn the camera back on the moment of course. the film secretly chronicled a power grab actually everything was precisely planned instruction. featuring thomas supporting roles to the bush. and she cheering the lead role like you've never seen before let me be clear with. the good mayor 7 year old bitch do the ends justify the means.

to tim's witnesses starts december 13th on t.w. . the bag. played. this is e.w. news live from london a spectacular heist at one of the walls although. a break into the royal palace in the german city of today's didn't make off with the diamonds and jewelry also a measurable cultural mix also coming up. next the documents shed light on the chinese government's must attention of why.