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tv   Business - News  Deutsche Welle  November 17, 2022 7:15am-7:31am CET

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and if, or if they said, sorry that they never did, and some of the families involved have never recovered from the tragedy. was still in great psychological or distress. ah, lost their jobs, lost their companies or lost their families. families are torn apart. and they are still living as if with you as if it happened yesterday. for others, time has healed some of the pain, and for them the verdict may go some way to delivering justice is this news is next with christie plants and i've been fizzle and see you next out with
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natural spectacle and an improved world. ah, the meeting of the little new we'll sure for the remote island of say, told me it is a testament to the quality of the waters. one of the many success stories from a bastion of biodiversity say don't starts november 18th, d, w. a . ticket master 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 fab's. also coming up retail sales
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rise unexpectedly in the us. but worries about one major retailer or keeping investors hopes in check. we'll get the low down from wall street and with the world's powerful can beating 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 plots, and this is d. w. 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 highly anticipated 50 to date u. s. concert tour or plague by issues of computer systems, clap under the unprecedented demand. some of the tickets that could be bought were then put up for retail for more than $20000.00. ticket master controls more than 80 percent of the ticket market and it's acquisition of the events organizer live nation a few years ago, only added to its dominance offer more on ticket master. joining us now is christa brown, a senior policy analyst at the american economic literate liberties project,
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an anti monopoly group. now chris, you've been watching ticket master. what stood out to you about the chaos surrounding the tailored swift ticket sales? no, i think they're really part of how many cameras actually have done. one more ration where we can be to get master and the services that i 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 no experience at all at one time for the verified fan is the most 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
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1st place with one company being so dominant? yeah, you know, it goes that way. if you actually get master's back and funny and merged with the larger promoter nation. but even before that merger, it had a so called monopoly on ticketing. they had about 80 percent of the market share. and my vision was both a line that they were but radio for the merger was going to be a direct competitor. live nation decided that they want to get into so none of this direct competition which often result in her outcome for, for are they merged 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 artist, artist,
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and then it will be in the values. so ever done 2010, they really, really gotten worse. but before that merger, both were a problem in terms of their dominant. well, chris, though, what do we do at this point to fix the industry? what's your opinion on this? i think it gets larger. that is been murder should have never gone through. how does that happen? the regulators approve it. so the number one theory in our opinion 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 to get masters need stadium don't post concert. and within the british,
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merely ticket master doesn't even hold 50 percent of the contract with with that a. so although it's not a particular situation, it gives me an idea to what, what a more competitive marketplace might look like, and what we could go for in the future if there isn't. thanks for breaking that down for us. that was chris brown from the american economic liberties project. while we've 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 target stocks tumbled after the retailers. the 3rd quarter profit had fallen more than half. well for more than this,
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let's bring in teddy auster at the new york stock exchange. now teddy 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 in one. they 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 may use 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 crypt broker genesis has suspended redemption of its lending arm. how significant is that move for the crypto market? yeah, they've halted withdrawals. they've also halted loan origination 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 currencies 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 auster in new york,
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thank you so much. indonesia has been hosting the g 20 summit. this 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 in his struggling to make ends meet. to day he's just not caught enough throughout but i only caught 2 kilos. i can't even pay for cigarettes without i get there to go. it's an existential crisis for the fishing village of pseudo way, see, the average catch here used to be 10 kilograms a day. the locals blame the nearby nickel mine, syrup, jude, 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 for the rapidly growing electric car industry.
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an important pillar in limiting c o 2 output globally but it's a catch 22. the ecology of areas near mine's like this 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 you know, it has the least cost with the higher benefit. and if, if they're anthony, he'll know both will have at least by the higher benefit. the benefits are not clear to sera jude and yet he doesn't blame the leaders meeting and barley or any one else. pick a lie lack, there will be days when i have money and days when i don't 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 slash public spending when it presents its new budget on thursday. britons are bracing for the worst, especially in deprived areas it to be laughed english tradition in the run up to christmas. $4000000.00 tourists flocked to blackpool on the north east stan english coast each year. to see the illuminations and dazzling displays 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 upland 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 mallet under. going to sit. do you think rockwell,
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what am i gonna do? is joe pay, glenn? oh, racing one. going to do. you know i am i to close for bay? i think a lot of people who shot wilmington just out from some season engine as julie and kevin newbies, main worry, is the high cost of gas and electricity. they do their washing at night time. now instead of during the day, as it is cheaper then, and they're 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 pounds a month. a foot by yourself then bought out 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,
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health and crime people are struggling to eat. people are struggling to heat their homes as well. that has an akani fact in terms of general health and well being. so we got more people that turn up at accenting emergency, more people that might be using drugs and alcohol, to alleviate the simpsons caused by the property that i feelin, the beautiful seasonal illuminations cannot hide the fact that the prospects are dark for more, more people not only in blackpool, that's our show from us here in berlin. thanks for watching. mm hm. greenwashing admitted to enhancing the sustainability of african big companies, are making big promises to save the environment and getting them in every way they claim to be fighting plastic waste. but what's really happening don't big
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promises. all too often turn out to be big lies a fact jack made in germany next on d w. my pauper is my wars, says journalist a teacher jen gets it has been for years since the murder of her fiance jamal kush ok to this day, the crime has had no political fallout. the minimum di continues to fight for him. the journalist who was silent. mm. focus on europe. in 60 minutes on d. w. oh, did you become a criminal ah, free climate?
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oh, ready news with about hackers, paralyzed me to your societies. computers that out some of you and governments that go crazy for your data. how these technologies work, how they can go with how they can also go terribly. watch it now on youtube. ah ah ah, ah, a picture of serenity from above everything looks so pretty.

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