tv Business - News Deutsche Welle November 17, 2022 12:15am-12:31am CET
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one of those humans is the 1st woman and the next man, that's when a real mission will begin to establish a lunar base station as a launch pad to eventually land humans on mars. at before go a reminder, if our top story this, our night of poland, say russia base ultimate responsibility to choose those missiles explosion in poland at to kill 2 people. the missile was likely 5 by ye crime to defend against a russian russian, another phone box. and said you're up tonight. business news is next with christie to stay with people and trucks injured when trying to flee the city center more and more refugees are being turned away. warner families played on the tax in syria to these correct only is with tradeoff. people fleeing screened
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around 200 people from the agency around the world. more than 300000000 people are seeking refuge. yes, the wine because no one should have to flee. make up your own mind. d. w. made for mines. ah, ah, ticketmaster isn't swift enough for taylor lovers. calls to regulate the ticket sales giant are growing louder after a botched pre sell event angered taylor swift founds. also coming up. retail sales rise unexpectedly in the us, but worries about one major retailer or keeping investors hopes in check. we'll get
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the low down from wall street and with the world's powerful convening at the g. 20 summit and bali people in indonesia are trying to bring pollution from the local mining industry into the spotlight. i'm christy plants and this is dw business in berlin. there have been new calls in the u. s. to regulate ticketmaster after the events ticket seller suffered some high profile problems. ticket sales for taylor swift's highly anticipated 50 to date u. s. concert tour or plague by issues as computer systems collapsed under the unprecedented demand. some of the tickets that could be bought were then put up for resale for more than $20000.00. taken master controls more than 80 percent of the ticket market and its acquisition of the events organizer live nation a few years ago, only added to its dominance. while for more on ticketmaster joining us now is krista brown, a senior policy analyst at the american economic literate liberties project,
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an anti monopoly group. now krista, you've been watching ticketmaster what stood out to you about the chaos surrounding the taylor swift ticket sales? no, i think they're really part tommy cameras that actually does one more ration where we can be to get an answer and the vs. bring it customer me. most people have a hard story about trying to get to get it thinking something in their car and it being taken off before they actually check out. but the number of people that really have now all at one time for the there isn't a unique aspect. what's happening right now and it's touching, national. i mean, yeah, it really seems like quite a bad situation. how did the ticket sales industry even get in this position in the 1st place with one company being so dominant?
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yeah, you know, it goes back the way that you actually get master back and funny and merged with the market concert from other nations. but even before the merger had called monopoly on, in about 80 percent of the market share, the nation was both a minor that they were but radio for the merger. it was going to be a direct competitor. live nation decided that they wanted to get into direct competition, which often result in her outcome for, for our neighbors. and therefore, it really consolidated not only on to getting layer but also on vertically integrated. who is promoting concert, who is the management reading largest artist, and then it will be the values. so ever done 2010 really, really gotten worse,
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but before that murder, both were a problem in terms of their dominant in the game. well chris, what do we do at this point to fix the industry? what's your opinion on the i think it gets larger. that is been murder should have never gone through. how does that happen now? the regulators approve it. so the number one series, in our opinion is unwinding merger. i mean my separate from to get masters, one of the examples of what the market can end up looking like in terms of fair or healthier competitions. if you look to the british premier league where they actually don't ever interact with the live nation side of to get masters because we don't concert. and within the british community, ticketmaster doesn't even hold 50 percent of the contract with, with
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a. so although it's not a particular situation, it gives an idea to what, what a more competitive marketplace might look like. and what we could look for in the future if there is an online thing. thanks for breaking that down for us. that was chris brown from the american economic liberties project. while he's got some unexpectedly strong economic news from the u. s. retail sales rose 1.3 percent in october from september. that's up from a flat reading from august suit to september. american stepped up there spending at retailers, restaurants, and auto dealers, and even excluding car and fuel sales growth was a solid 0.9 percent. however, it wasn't all positive. 8 target stocks tumbled after the retailer said, 3rd quarter profits had fallen more than half off or more invest. let's bring in teddy auster at the new york stock exchange. now teddy,
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certainly disconcerting to hear americans are spending less at target, but at the same time, retail sales are up. we've seen inflation cooling. is the economy making a turn for the better? can you put this in context for us? well, this is the biggest increase in retail sales we've seen in 8 months. it could be attributed maybe to some early holiday shopping, but really retail sales are up across the sector. and one may think this is some great news, but we also have to look through the eyes of the federal reserve, right, inflation we have seen it has started to ease last month, which put some whispers out, hey, the fed made ease its interest rate hikes, but now we are seeing very strong consumer spending. we are still seeing a tight labor market, and that may influence the fed to continue its stark interest rate hikes to try to tame inflation. and of course, that could cause a recession in the u. s. economy. now today i also want to check in with you on the
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crypto currency developments. now we've heard that the crypto broker genesis has suspended redemptions of its lending arm. how significant is that move for the crypto market? here they've halted withdrawals. they've also halted loan originations, and they're blaming, of course, the fall of the f t x empire that we just recently saw. it has caused shock waves across the crypto currency markets. and it of course, has hit many of genesis is business partners that includes gemini, the exchange, owned by the week of os twins. and, you know, this appears to be a domino effect happening right now. hitting the values of crypto currency, which were already struck earlier. this year, as well as the legitimacy of the market, which is written with fraud with scans and has been continually called right the wild west due to lack of oversight. teddy austria, new york, thank you so much. indonesia has been hosting the g 20 summit this
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week and that's presented an opportunity for people there to speak up about the problems they face, including damage to the environment. the country sits on the largest nickel deposits in the world. but pollution from the mining industry is destroying the livelihoods of those nearby to reduce the struggling to make ends meet today, he's just not caught enough for one, but i only caught 2 kilos. i can't even pay for cigarettes with her. i didn't dare to go. it's an existential crisis for the fishing village of soon away see, the average catch here used to be 10 kilograms a day. the locals blame the near by nickel mine servitude and says the fish of migrated elsewhere to avoid the hot water being dumped by the mine. yet there's no sign of nickel demand decreasing. it's a key material for batteries vital. the rapidly growing electric car industry, an important pillar in limiting c o 2 output globally.
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but it's a catch $22.00. the ecology of areas near mine's like this of being harmed in the pursuit of a reduction in carbon emissions. refrain it is an environmental dilemma. it's about giving the melon of cost and benefit and which, oh yeah, which has the least cost with the higher benefit. and if, if this, anthony, he'll know both will have a list, but on higher benefit. the benefits are not clear to sera jude and yet he doesn't blame the leaders meeting and bali or any one else pick a lilac. there'll be days when i have money and days when i don't it, it will depend on god's blessing as he's leaving his future to fate.
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the united kingdom is expected to high taxes and flash public spending when it presents its new budget on thursday. britain's are bracing for the worst, especially in deprived areas. it's to be laughed english tradition in the run up to christmas. $4000000.00 tourists flocked to blackpool on the north is done english coast each year. to see the illuminations and dazzling display switched on for the annual holiday season. that town has decided to keep the lights on that the sea from promenade, despite soaring energy prices to keep tourists coming in. but hotel on a tracy, evelyn says business is very slow right now. looking ahead to next year. she would usually have 40 bookings by now, but they're just 5 or 6. she knows every one is struggling with inflation. that's why she feels she cannot pass rising on to her customers. accounts in murray management, going to say, do you think right, well what am i gonna do?
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okay, glen oh, racing one. going to do, you know, i am, i have to close for bay on i think a lot of people who shocked when send just out from some season engine as julie and kevin newbies, main worry, is the high cost of gas and electricity. they do. they are washing at nighttime now instead of during the day as it is cheaper than. and they are always going around turning off the lights. i was paying a 100 pounds for mallet to come my gas a month. and now i'm paying $220.00. so it's gone up over a $120.00 pound a month. a split by yourself then. but don't know whether we're going to get any more increases. blackpool already is the most deprived of england's $317.00 local authorities. according to a government report which measures average income employment, health and crime. people are struggling to eat. people are struggling to heat their
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homes as well. that has an akani fact in terms of general health and well being. so we get more people that turn up at accenting emergency, more people that might be using drugs and alcohol to alleviate the symptoms caused by the property that though feeling the beautiful seasonal illuminations can not hide the fact that the prospects are dark for more and more people not only in blackpool, that's our show from us here in berlin. thanks for watching. ah. my palmer is my wars, says journalist, a teacher genius. it is been 4 years since the murder of her fiance jamal kashodi. to this day, the crime has had no political fallout. the minimum,
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i continues to fight for him. the journalist who was silent to focus on europe next on dw, enter the conflict. so with tim, sebastian, russia has suffered key reversals on the battlefield. that's curious. horses have come to attacked and seize back a wide sway the territory. my guest is weak from moscow is andre kalashnikov, senior fellow at the think time to come, eat endowment for international peace as anger mounts among some of la putin supporters. how boehmer boy is he conflict zone? in 60 minutes on d. w. o. in using can't be destroyed. what you can try, but it's impossible and movies, ah,
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she performed for her life and o. schmidt's was the nazi season doctor to musicians who lived beneath the banner of the swastika. whom about the sounds of power in story about survival. music under the swastika starts november 19th on d. w. with . hello and welcome to focus on europe. it is nice to have you here with me today. ukrainians are celebrating a huge military victory against the invading russian army.
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