in the desert, maybe that's the reason hardly anybody wants to move there. and chris koval, welcome to the program. online retailer amazon has confirmed a coming round of math labels making at the latest tech jain to flash jobs. a mid slowing global growth. the company announced the cuts for tuesday. it's filed a notice to california regulators that it would scrap jobs and the company is expected to shed as many as $10000.00 positions in the coming days following similar measures by competing companies, mehta and twitter, amazon employers, 1500000 workers around the world. now these take titans are pointing to overhead costs as a reason for the layoffs and analysts say, a lot of this has to do with lessons learned from the last recession. a lot of these companies spend like 90 days, rockstars the last few years and post curve it growth hang over

a recession on the doorstep. you're starting to see cause and need to be cut out the businesses. i think a lot of our community shop projects are non strategic areas. now you're starting to see cuts in those areas. i think these companies managing teams are being proactive because we go back to the last recession or they may be. some were not quick enough to pull the trigger and here they need their ultimate caught, you know, cut because that's really what it wants to say. one country, what should this wave of job cuts is particularly crashing into is india, twitter cut half of its workforce? their education technology firms bide, you and unit your unit cami you in academia, laid off hundreds of workers and workers in india. also among those affected by the cuts of meta, ironically, many of them are using those very same platforms,

doing social media, to air, their grievances and protest against the unceremonious fire. let's get more of this from the w correspondent char car to came deli, charo. how hard are these layoffs hitting the indian tech sector workers? they're hitting big recording to one report just this year. it says there have been about 15000 layoffs in the tech sector now that's a big number and that's very good. concerning. also, given the fact that unemployment in the country is believed to be at a 40 year high. now the thing is that it's mostly a tech companies that are involved in these layoffs. and the number of companies on this list keeps on growing. there was by jews, there was an academy, there's been a facebook which hasn't seen the global layoffs and they've been a for abs. it's work as any to have also been affected. and now, a big lee of a big round of layoff is about to and roll at amazon, and that might,

is also likely to affect in the older amazon has not really announced location specific layoffs. but yes, it's a big problem and it's hitting a what goes in the id say to really hard speaking about these workers, other than airing their grievances and the time of distress is this pushback that we're seeing by work and showing any impact with chris the impact has been pretty limited so far we saw one a very interesting example in a state that the us in the state of get a lot that is governed by a left left party. now these workers offer this at a company called by jews, or they contacted the government and the government spoke to the company and the layoffs were diverted. the company was about to shut down his offices and get a law that was also averted. but apart from this limited impact, we are yet to see any large scale impact by what these workers are trying to do. that's also because workers are not affiliated to any big unions, no trade unions in india, where they're been mostly limited to white collar jobs,

a blue collar jobs and white go look where people holding white color jobs. have been very reluctant to get into the trade union a sphere. it's only now the trade union activity is getting up. but the people who are taking the course we are digging the help of trade unions to fight against layoffs. number of those people are still is still very limited. chris, the world economy is in the midst of a downturn. we all know that. what are the chances these skilled workers are going to find new jobs in the sector? well, right now, things look very shaky. chris, because we're one after another, companies are increasingly resorting to layoffs. so things are looking pretty gloomy as far as these employees are concerned. of course, they are making all the efforts that they can. companies are also promising that they are helping these employees who are part of, quote unquote,

the company restructuring to get new jobs. but it's, it's, it's, it's, it's concerning situation and it's a dynamic situation. as a global economy moves closer to was the li, are to was the recession that has already been confirmed by i m f, as well as the european union. things are likely to get more difficult and uphill from here. chris dw charo kart again. deli charo. thank you. and that of some of the other global business stories making news. german industrial, giant demons reported doubling its earnings in the 4th quarter and ending its fiscal year with a 4400000000 euros and profit strong growth in order to help the company raise its profit. i'll look for the current fiscal year shares, and the company jumped by more than 7 percent at the beginning of trading. disney is buying the unfinished cruise ship global dream from the solvent german ship buyer and we've afton. the entertainment giant us at the $6000.00 passenger ship

would be renamed and certain features, re imagined to fit into the brand of disney cruises. construction will be completed at the former m, b, f t. m shipyard in germany. it's that korea, more than $508000.00 students, are taking the annual 9 hour college entrance exam, the country as close as air space, and employ police to insure silence for the test, which is crucial for secure spots at top universities. and is seen as the key to lucrative careers in the united states. lawmakers are asking for an investigation and possible break up of events. marketer, ticketmaster that's days after thousands of fans failed to get tickets to next concerts by taylor swift fans claim the ticket vendor disappoints them regularly showing concerts as sold out, while tickets are being sold on secondary market sites for thousands of dollars.

the u. s. justice department says ticket master controls, more than 80 percent of the market and acquisition of events, organized, or lot or events organize or live nation a few years ago, only added to its dominance. something that the company is disputing. chris brown is an analyst at the american economic liberties project that watches market monopolies and we asked her what could be done to fix the situation? i think i guess that is been murder should have never gone through. how did that happen? the regulators approve it. so the number one theory in our opinion is unwinding murder. i mean my separate from to get masters. one of the best example of what the market can end up looking like in terms of fair or healthier competitions is 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 need stadium don't both concert and within the community ticket master doesn't even hold 50 percent of the contract with with 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 go for in the future if there isn't chris brown of the american economic liberties project speaking there, africa's biggest city is moving egypt is replacing his capital cairo with a futuristic megacity in the middle of the deserts. a new capital for more than $6000000.00 people is being built, which is to include the world's biggest skyscraper flagpole, and city park that aspired all of these grand ideas. hardly any one wants to move there. it appears suddenly, like a spectre in the desert. a mass of cityscape,

some 60 kilometers from the gates of cairo. the government has built it over 7 years and touted as a symbol of egyptian ambitions. 2000 schools, 600 clinics, as well as the new government center all for an intended 6 and a half 1000000 inhabitants. the idea, a new capital city to ease the burden on cairo, a metropolis bursting at the seams. the name is also a work in progress right now. it's called new administrative capital builders say they're putting on the final touches that have been thought a goodly. now we invite all the people of egypt to the new administrative capital. it is the nucleus of new egypt without crowded neighborhoods. a really nice place to live. we are a felon felon montague, elegant venue. in fact, given the starting prices only a few are able to afford the apartments in villas here. and thats despite a lack of demand. some neighborhoods like this one have already been completed,

but only 5 people are said to have moved in so far. the lack of shops and infrastructure as quickly evidence. desert sand plagues, the buildings the plaster, already peeling in many places. shopping malls, promise, glitz, and glamour. on the inside, however, they're all but deserted. handful of shops are completed at this mall and only one of them is in operation. ashcroft wagged his photo studio, he opened it a year ago with high hopes, along with a lot of effort and resources that the m a new. i've been working on the store over time to make it look as nice as it does now. i wanted to do everything perfectly so that one day my sons could take it over and cost me a lot of money. illegally go. so far, electricity has only been available by the hour, from a generator there next to no customers. why did you want shopkeepers to push together for an end to the construction?

gimme a little my legacy in this small, all the business owners half put in the groundwork, but haven't been able to finish. we need to come together now and tell the people in charge that things need to get going. they will not do it for me alone. the government was supposed to move to the new capital 2 years ago. now the plan is for that to happen in january. but urban planning experts are skeptical that millions of people will suddenly move in the coming months. cities do not suddenly appear and then we inhabit them. that is this assumption that if we build this grant edifice, or will injected with people and suddenly it would become a life. and it doesn't work this precedent abdel for tar i'll cc's prestige product is set to have cost 60000000000 euros. most of it borrowed money that critics say may as well have been buried in the sand. and finally,

a big day for one of europe's most storied winds. this year's boudreau lay navarro officially goes on sale to date. the french read famously from it's just for a few weeks before being rushed to shelves on the 3rd thursday, november this years harvest was one of the earliest on record due to an especially hot summer wine girls across europe are trying to adapt to warmer dryer, growing periods and why and connoisseurs say they are noticing the difference in taste. that's a show. thanks for watching. ah, ah, with

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ah ah hm. this is d, w. slide from berlin. adopt court. find 3 men guilty of helping to shoot down a malaysia airlines plane. 8 years ago, the passenger jet was hit by a missile as it flew over ukrainian territory held by separatists backed by russia . everybody on the board of both the plain.