and the turkish president richard tayyip erdogan says he plans to send troops to support the embattled u.n. backed libyan government and the potential deployment puts it at odds with russia and several arab states backing libya's rival government. you would want to give you news from berlin the only long herad good coming up next it is business with kate ferguson stacey. i believe in the business climate change sex. happiness increase books. this is the book for you. to get smarter birth free to be good for you to. know that 77 percent. are younger than 60 hot. that's me and me and you. and you know what it's time no voice is part.

of the 77 percent speech obama beat issue. this is where you cut. the 77 percent this weekend on g.w. . lining up for a bargain a day after christmas shoppers around the world are going to time for the sale but just how much are they spending. also coming up rising ranks have sparked anger in european cities from fox alone not to berlin now real estate markets are bracing for the backlash. on we'll look at an extreme case of a rental market gone bad in mumbai old neglected buildings are out risk all collapse. this is new business on k.

ferguson welcome. christmas is barely over and the sales have already started in london bargain hunters lined up for hours in the rain hoping to get their hands on some cut price markets for them shopping online doesn't seem to have the same a feel. after the joys and excesses of christmas day comes the dedications haunt for boxing day bargains in britain's department stores. just by chilly temperatures and pouring rain hordes of shoppers lined up for the luge stores were slashing prices by up to 90 percent to get consumers away from their online outlets back onto the high street. it's still a lot more like. go in and have a look and see what you have to find rather than just having the knock on monkeys you don't know what you're going to get exactly is the best place to be able to say . this cancer is crazy you always can pick up something.

of a lucky day. i sighed selfridges in london's oxford street shoppers waited patiently for doors to open at 9 am. so monoliths are forecasting total sales of nearly $5000000000.00 euros in the u.k. boxing day shopping bonanza. and spending season in the united states to break down the numbers for us let's. financial correspondent sabrina kessler on wall street hi sabrina good to see you what can you tell me about u.s. retail sales during the festive period. yet this season was absolutely record breaking at least that's what a credit card company mastercard is telling us not in terms of sales that department stores they were up only 2 percent compared to last year but e-commerce sales this holiday season rose nearly 20 percent and that's why this year is the 1st time ever that people spend so much money online because the weather of course

amazon which just announced that they have the best holiday season ever they didn't report any specific numbers but the message was clear i think so amazon stocks rose more than 40 percent today overall a massive desire to buy this season but after christmas comes the return season and that will also hit another all time high since holiday returns are projected to be a record 95000000000 dollars this year with nearly half of that coming from. so some huge numbers there sabrina is relieved there were some other records broken on wall street today what can you tell me about those. it's year and really and that often means a new records on wall street and that was exactly what we saw today not only that the s. and p. 500 hit another all time high and is on pace for its best year since 997 today was also the 1st day ever that mass that has hit 9000 so stocks look like they just

won't quit and that's also because of a press briefing by the chinese commerce ministry who said that china is in close touch with the u.s. on signing the in the show trade pact so although treading water remained then this week a center claus rally is still on with only 3. 3 trading days left this year so create a castle on wall street thanks so much. german airline last chance i could see more strikes before the end of the year the union that represents cap and stuff says details of the plan will be released on friday it's part of a long running dispute over pay and conditions recent months of scene will chaos and for love tondo subsidiaries on day to day strike in november that for $1500.00 flights canceled and $200000.00 passengers stranded. this year berlin's decision to freeze rents for 5 years made news around the world

the move followed intense public discussion about the lack of affordable housing in the city and the consequences of foreign investors buying up properties and jacking up prices our next report takes a look back at the campaign that led to the introduction of rental cops in the german capital. tenants in berlin have been fighting for their rights last summer he led an initiative calling for the nationalization of some local property owned by real estate companies they wanted city to. hold a referendum on the issue some thoughts began with seem a referendum question is based on article 15 of the german basic low it states that 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. there are just aren't 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 poured in 50 people sometimes have more than $100.00 anybody really depends on like dilatation price everything contribution with finding a balance is the motivation underlying this construction project at alexanderplatz in berlin the former east german house of statistics is a prime piece of real estate with a steady 50000000 euros it's undergoing an extensive renovation when it's ready it won't be a shopping mall or a luxury hotel it will contain $300.00 affordable apartments small businesses as well as facilities like childcare centers and studios for artists to market let's look at t.v. as i would property market is divided 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 on these issues it was a real question political efforts must be made to ensure the market remains fair in berlin. and ny to india for another perspective on the rent cap question this one perhaps. an extreme the mega city of mumbai has seen a string of building collapses earlier this year a 4 story building caved in killing more than a dozen people despite these tragedies many citizens continue to live in old still updated buildings are risk of collapse landlords often have no incentive to conduct repairs are india correspondent funny or fall a car sent us this report young has lived here for much of our life this building

a century old was built just as world war one ended in the one room that young he shares with a family cracks run through the wall the plaster speeling 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 a nice stay at home we could be killed but the way i see it where old we've lived our lives. leaving the police isn't an option for young whose family owns a modest living tenants like b. just $10.00 a month here ingrained some people even less that's due to a colonial era law that limits rents for old buildings like this one but that also means owners get little money to invest in group is leaving the structures to rot

many parts of mumbai like. a home to old rickety properties dieter shows that are more than 14000 buildings in the city that are groups of collapse due to a lack of maintenance and government apathy only the c.e.o. of 4 story building collapsed at the spot killing more than a dozen people and injuring many more disasters of this kind aren't uncommon in the city. 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 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 funds for the private developer and also because then they have much on most of these buildings are in the island city and. the prices of property are compared to. 2. 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 this. is europe's last australia's gain that's what the country's tourist board is hoping with a new $15000000.00 content that pokes fun at praxis with mates song performed by a stray as biggest pop star kylie minogue odd aims to oppose racks of brits down under it and away from europe it was aired ahead of queen elizabeth's annual

christmas message in the u.k. and while it appeared to go down well some people on social media pointed to a story as ongoing bushfires as a reason to avoid visiting the country. it's certainly not your usual tourism contacting and that's it from me and the business team here in berlin you can get more on our website dusty w dot com slash business you can also check us out on facebook on twitter from me it's goodbye and take care.

8 years after the overthrow of the gadhafi regime libya has descended into almost continual conflict between its rival senses of power my guess this week here in congress is often would not seek deputy prime minister of a un backed government of national accord closely allied to groups of armed militias which are being credited with serious human rights abuses conflict zone. next on d w. welcome

to the girl max new channel. gold mine of stories. with exclusive inside. the must see concerning parts culture teacher of. the place to be curious minds. do it yourself networkers. so subscribers don't miss out. on that volume or that's hard and in the end it's a me you're not allowed to stay here anymore we will send you back. are you familiar with this. with the smugglers one lions. what's your story ready. i mean when i was a women especially in victims of violence. take part and send us your story you are

trying all with to understand this new culture. not a visitor not the guests you want to become a citizen. in for migrants your platform for reliable information. this is wonderful formation we have no stephen again you saying the us is. badly in full yes i think the president by informing are you worth saving lives the government i do really well of. course 8 years after the overthrow of the gadhafi regime libya has descended into almost continual conflict between its rival centers of power my guest this week here in paris is ahmed my cheek deputy.