and a reminder of the top story we're following for you. these in germany has pulled off a spectacular heist and one of europe's most renowned museums the green vaults of the royal palace interesting story to say they made off with 3 sets of early 18th century jewelry whose value they described as immeasurable. up next business news. what secrets lie behind the wall. discover new adventures in 360 degree. and explore fascinating world heritage sites. p.w. world heritage 360 getting up now. to know that 77 percent. are younger than 6 of. that's me and me and you.

and you know what it's time no voice is part. of the 77 percent he told me to shoot stuff. this is where. the 77 percent this weekend on d w. europe's biggest luxury group puts a ring on it leaves a ton parent company l.v. to age buys american icon tiffany for a chunk of cash so is that a match made in heaven we'll take a look. also on the show a new debt relief measure could give millions of south african so much needed breathing room but could it also drive them into the arms of loan sharks. this is your deeds of the business report i'm stephen beardsley thanks for joining us french luxury goods giant. age is set to purchase u.s.

jeweler tiffany analysts call the deal win for both companies tiffany has been trailing rivals in sales growth for years and age hopes the deal will boost its presence in the united states the 14700000000 euro deal will be l v m h s biggest acquisition to date a luxury brand as american as skyscrapers now to be taken over by l d 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 m h believes it is just the owner to manage the transformation it owns a portfolio of $75.00 fashion houses and market brands it tightly controls the image and distribution of a range of products to keep them profitable and aspirational now the mh had

revenues of nearly 47000000000 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 although they may continue to grow organically i mean developing the brown. truck and see our new way to keep on growing is of course to acquire new company and significant company. the mh 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. and for more on this let's go now to our financial correspondent in new york younes korda yan's a 182 year history as a luxury brand so what does tiffany get out of this deal well what

tiffany is hoping to achieve to actually hit the market old so with a younger clientele and as you mentioned it's 182 years old i mean the stores are not there but still some of their revenues need some refurbishing so then does cost money and wall street is impatient so was being bought out by. me here that means they get some time to actually get the new strategy going was having to publish quarterly results and then getting the share price under pressure and also recently they had a little bit of a growth issue brought and also in the united states and now with the expertise of the french company they're hoping to get back to better times.

14.7000000000 euros this is their biggest ever acquisition so what is the company hope to gain from the takeover itself. overall the luxury market is red hot and that is also true for a jury and that's one area where the french company did not have such a great expertise besides. investments in. other companies but tiffany's they were really seriously the market for. jewelry and we've seen it the stock price of tiffany's was up by a good 6 percent here in the monday's session and also the reaction on the french side was positive at least for now. or a quarter or luxury goods expert in new york thank you. and over to the u.k. now where london has refused a new license for it's a major blow to the ride sharing platform regulators say the decision is based on

safety concerns has been accused of putting passengers at risk with uninsured drivers but the company has faced other opposition notably from drivers of london's iconic black caps. for eva's 3 and a half 1000000 uses in london this decision has been a long time coming the refusal to give a new license to the right hailing company follows 2 years of argument between and regulators now transport for london says enough is enough. the city's mayor says has been failing to protect its customers that there are at least 14000 journeys where somebody using a house thought the person driving them was one person but if i was being somebody else they've also been examples where drivers who've had their license suspended or dismissed have been allowed to continue to be a new driver the series fails he rejects the claim it's unsafe saying it's vetted every one of its 50000 drivers in london drivers like ilia he fears the loss of his

main source of income. will be very bad but. not for me for all all of us so the whole vibe was what i was so. probably aware of . or saw the car that goes all the little she feels master count says drivers should reserve their anger through grit self for failing to improve its systems the news comes as a boost to london's famous black cabbies who potentially see a major competitor driven off the road as for other london as if you get rid of a vat something else is going to walk straight into their steps anyway i say this doesn't mean that i think it's a massive issue i think the drop in the rush to the bottom the not really helping anyone really work for. the completely i think it's a shame i mean everyone that i know is a. has $21.00 days to appeal against the decision something it says it will

definitely do. it out of some of the other global business stories making news. u.s. state of texas has dropped its opposition to the merger of mobile phone companies sprint and t. mobile usa announcing a settlement that would stop them from raising prices for 5 years 14 states and the district of columbia are still planning actions to block the $26000000000.00 merger . new figures show mexico fell into recession during the 1st half of the year revised data showed the economy shrank before flat lining in the 3rd quarter figures come one year after president under arrest manuel lopez obrador came to power promising growth. over africa now where personal debt is crushing south africans a new law the national credit amendment is meant to ease their plight by offering debt write offs the banks are against the measure saying they'll be forced to cut

back on living for low income borrowers and that that in turn could drive credit seekers to seek less scrupulous alternatives. private lending in silhouette is dominated by a network of illegal known shocks known as smash and he says they challenge interest rates as high as 50 percent. mountain mcgeady suffers from a chronic lung disease and urgently needs money to see a doctor. the 42 year old racked up substantial credit card debts and then lost her job. and now whenever she needs extra cash she has to come. having to go into this boring man late 1st we know it's illegal but. you don't have a choice in things don't always work out doing one thing to. make sure they need to do the different. most mashonee says are not evil criminals preying on the

vulnerable they often live on the same street as their customers and provide easy access to credit when cash is needed without the lengthy application process required by formal lenders. sisters and palacio economic our business partners who usually of 1st small loans ranging from 10 to 100 euros. they say lending money is a risky business. it sometimes calls for tough action if the loan is not paid back . then we take the t.v. something that will. be made into them and that will be demanding that the. just so that my money is not. unique then i sell whatever i took to recover my mind . their business may see more clients in future now that the controversial national

credit amendment bill has been signed into law it will provide debt relief to those on a low income. but managing director of the south african banking association cask believes the bill will do anything but bring relief he fears it could cost banks up to a $1000000000.00 euros and ultimately deny the poor access to formal credit channels. if either expand it obviously there's a cost to the banks and the banks pay that and that's what brings a risk into the system that is what brings on certainty into the system as a result of that bank for a contract that ended in a particular market so. the brand has a really boring buy of a little income borrow more than anyone else. credit institutes have already announced that they will toughen credit regulations for the income customers.

however while the legislation may push many into the arms of mush and he says moderately good he hopes it will be implemented soon. so we could be paying in case so it can be such a relief but we shouldn't be too quick to state for the pings. it is tough really tough for most of. the national credit amendment bill is set to be fully effective by january 2021 which gives banks plenty of time to negotiate with the government and potentially make it palatable. it's a process that's watching. nearly

1000000 people killed in just 100 days. where one does younger generation did not experience the 994 genocide. it's a consequence. learning to overcome the psychological trauma one step at a time of the minds of the hmong jim reconciliation and. the next an offer d.-w. . coal india. rice

in india more than 100000 varieties subash commoner from another name are faced by just a few hybrid species. farmers coming from a no from an old culture farmhouse the suburbs for him or her to turn to traditional medicine for a stream of christians come home 60 minutes gone w. her. it was the speech of his life perhaps his best certainly his most difficult the speech but clearly in dresden on december 19th 1989. shortly after the final of the of the chancellor addresses the people of east

germany. the middest tense the crowd clamors for german unity journalist peter limbo or because of the same. 30 years later he looks back on the time interest or. starts december 19th d.w. . griffith. these young people in rwanda are lined up outside a stadium in the capital kigali but they're not here to see a football match or a music concert. they're here to remember the victims of the 1994 genocide when hutu extremists slaughtered hundreds of thousands of tutsis and other minority groups. of this. it was the worst day.