a number of popular holiday islands destroying property of killing at least 16 people. and you are of course watching news live from berlin we'll have more news at the top of the hour stephen beardsley is up next on business asia with the latest on a potential u.s. china trade thanks for joining. the prison here up at its most summation and its most exciting. most creative colorful glamorous. tasteful innovator brilliant charming. thank goodness resistible.

good. song t. w. . why subscribe to d w books your favorite writer to see myself as became sky and the strange grown up world where your books are new to. the food. a lot of your putin has kind words for the russian economy the numbers are of lescott growth remains weak incomes are shrinking and production is tilted toward oil and gas will take a look. also on the show rising rents have sparked anger in european cities from force a lot of super length now real estate markets are bracing for the backlash. and we'll look at an extreme case of a rental market gone bad. were all the black that buildings are at risk of.

welcome to d.w. business asia i'm stephen beers in berlin thanks for joining us could russia finish construction on the controversial nord stream 2 gas pipeline president vladimir putin told russian businessmen that the country has a pipe playing vessel to complete the project connecting russia and germany the comments reported by russian newspaper commerce came days after switch the swiss dutch firm all sees a splendid pipe play following new u.s. sanctions against the project putin said he expects a delay of several months which could push the start of operations into 2021. now putin praised the russian economy at that same meeting with industry leaders while pushing for more growth recent years have shown however that that's a tall order and russia growth remains weak sanctions still hurt and the economy is evermore dependent on oil and gas. many russians have problems making ends meet and more than half are heavily in debt since the start of this year their value

added tax has gone up by 2 percentage points and most now have to work 5 years longer before they can retire this reform of the pension system has led to particular dissatisfaction with a lot of near pugin. this is why he is careful to present the country's economic development in the best light. so i knew it was a natural economic situation is stable inflation is level and the unemployment rate is low the national currency is also stable. putin gathered industry leaders for a meeting in moscow he asked them why the economy wasn't doing better. it's a pleasure to be maintains positive growing dynamic but of course we're not satisfied with the growth rate. of 3. economic growth is around one percent or just a little higher this is maybe due to the price of oil which collapsed in 2014 and took the ruble exchange rate with it the russian economy continues to be

dangerously dependent on oil and gas. at a reception following pugin speech the mood was somber everyone had been hoping for a state investment program which would give a boost to the private sector however private companies without close contacts in the corridors of power of little opportunity and russia's economy. it was one of the biggest stories in europe this past year rising rents investors desperate for yield in europe 0 interest markets ploughed their money instead into urban real estate but property markets in big cities have tightened pushing up rents and threatening to push out middle class families the counter reaction has been intense berlin is now preparing to freeze rents for 5 years beginning in january and some are calling for even tougher measures. tenants in berlin have been fighting for their rights last summer they led an initiative calling for the nationalisation of some of the property owned by real estate companies they wanted

city to hold a referendum on the issue that 1st began with seeing the referendum question is based on article 15 of the german basic low it states the property may be transferred to public ownership for the purpose of socialization the article has never been invoked. the german capital is witnessing a battle over affordable housing between tenants real estate owners and politicians there's an acute shortage of living space berlin has a deficit of tens of thousands of apartments. they are just and enough affordable apartments for rent owned by public housing associations like this one a 54 square meter apartment for $500.00 euros a month in the heart of the city a place like this will always attract a lot of interest there's like $4050.00 people sometimes $100.00 and it really depends on like dilatation price everything culture it is finding a balance is the motivation underlying this construction project at alexanderplatz

in berlin the former east germany. house of statistics is a prime piece of real estate with a steady 50000000 bureaus it's undergoing an extensive renovation when it's ready it won't be a shopping mall or a luxury hotel it will contain 300 affordable apartments small businesses as well as facilities like childcare centers and studios for artists. property market is defined by profit but in this case that just doesn't work what we need in berlin is affordable housing but what's being billed as expensive if it goes on like this we won't have any culturally diverse spaces and not the necessary social infrastructure we need to put a stop to the situation which is spiraling out of control or. it was a lot of question political efforts must be made to ensure the market remains fair in berlin. and now to india for another side of the red cap question perhaps an

extreme. has seen a string of building collapses the most recent was last month when a 4 story building caved in killing more than a dozen people despite therapy tragedies many citizens continue to live an old dilapidated buildings at risk of collapse and landlords have little incentive to make repairs or india correspondent sonja phonic sent us this report. young has lived here for much of her life this building a century old it was built just as one little one ended in the one dream that yankee shares with a family cracks run through the wall the plaster speeding and bamboo sticks prop up the ceiling the monsoon rains make the structure riskier each year young pieces she's repeatedly complained to the landlord with little success. you know there was no way that i live in fear that the building will collapse my children are away at work all day so at least they're safe my husband the nice stay at home we could be

killed but the way i see it we're old we've lived our lives. leaving the place isn't an option for young whose family owns a modest living tenants like b. just $10.00 a month here in grand some pay even less that's due to a colonial era law that limits reigns for old buildings like this one but that also means owners get little money to invest in group is leaving the structures to rot in many parts of mumbai like you are in. a home to old rickety properties data shows that are more than 14000 buildings in the city that are brisk of collapse due to a lack of maintainance and government apathy. earlier this year a 4 story building collapsed at the spot killing more than a dozen people and injuring many more disasters of this kind on uncommon in the city. one buys chronic housing was also linked to its dense population and

scarcity of land the city is surrounded by water on 3 sites and has no space to grow. more than 40 percent of its 18000000 residents live in slums and shantytowns experts say at the heart of the problem of the city's sky high real estate values and a powerful builders lobby. has sort of in the last 20 years for the situation collapse of a building it would mean that there will be an option off redevelopment. private developer and also because then they have much on most of these buildings out in the island city and. the prices of property. new. cities for young key home is a much loved but dangerous place option would be to get out and lead a much broader life in a far flung suburb either way it's not much of

a choice. and i'm joined now by correspondent. is there any push for change after these recent building collapses. mostly women every time these buildings collapse of the special note on mumbai's troubled realistic market a spark up at the local civic body bosses blame do with these housing a part of these and vice a versa but at the end of the day be have participants who are unwilling that i tend to appease the bad back to 1065 and in some cases as far back as 1942 so they don't want to move the landlords are barely getting any rent so they don't want to invest in proving the structure of these buildings and we also have developers who are incentivized when the government but they have to jump through so many bureaucratic loopholes that they also pull back they don't see their profits maximizing in this situation needing to this dangerous situation continuing so

where does the liability live for improving these buildings with the landowners or landlords is that with the government itself how do people generally see it but on many of these buildings which i do you as over the last realty actually lies with the maharashtra or the states housing and development authority because these are one of 4 of cessed building some of the fence a contribution funds the state will match these funds and these funds go into the baz and rehab in addition however these funds are also still not enough the buildings are still grossly under fire and the developer was also do not want to invest as much as you think of this nigga this of what of the 7 state of the buildings to persist and people again don't want to leave because the grants are so low and mumbai rents everybody extremely high. the bigger picture here seems to be the lack of affordable housing in the city it looks like mumbai real estate has struggled lately does that create any more space for such affordable housing. well

the challenge has become steven that these people have been offered housing but this is usually in far flung suburbs but they have lived in these locations for generations the lights that jobs the children not one of these locations and transport in mumbai is not easy either so even if they could afford housing which is they finally if it is not convenient for them the other challenge is that some of these people agreed to move to transit houses they would door they would be assigned housing in a year or 2 but they have been living there for 30 or 40 years making trust in their target because they be hard to find among the people because they think that they will get stuck and tons of houses and do not want to cooperate a lot of the residents have to agree to move for the new development to happen and this is why the paulsen of building are just stuck in different stages of the bureaucratic process or i saw no easy answers there when it comes to this issue of building collapses in mumbai due to the corresponding to me said gys while they're with us in delhi thank you. is europe's loss

australia's gain that's at least what tourism australia is hoping with a new $15000000.00 campaign which pokes a little fun at bragg's it. fuses. well with late song performed by all shows biggest pop star column a note that aims to live post brags that brits down under and perhaps away from europe the ad was aired ahead of queen elizabeth's yearly christmas message in the u.k. and while it appeared to go down well some people in social media pointed to australia's ongoing bushfires as one reason to avoid visiting the country. that's it for me thank you.

choosing that 1st job wisely. it could have an effect on your entire career. what should people starting a new profession look out for. which mistakes and pitfalls should they avoid. my 1st day at a new job tips for a path to success. made in germany next to the.

in the night of climate change. for me. what's in store. for the future. e.w. dot com can make a city to give insight. counter. do you remember your 1st job mine was in a small town plumbing office where i kept the books every day after school they put me in the service truck the summer before college which was filthy work stopped up toilets leaky pipes clogged drains but was incredibly instructive my 1st job that's our theme today it made we'll look at why our experience in the works.