you're watching the w news up next business news with christie plants and have a good weekend everyone with interest in the global economy. our portfolio d w business beyond. here's a closer look at the project. our mission to analyze the flight for market dominance. with d, w business beyond fed up

with the patriarchy mustang, that they need to stop mad, doing and depressing our women and nation america right. november 25th on d. w with a worker say no to a new hardcore twitter, hundreds of u. s. employees quit the social platform after you know, on mosque offered aid, not so enticing, ultimate. also on the show, a lead to german report has some unkind words for china. berlin wants to reinvent its relationship with its biggest trade partner. we'll hear from germany's biggest port about what that means for them. and a major drought in argentina hits the country's wheat fields and threatens to push

global food prices up even higher. i'm christy, platinum, berlin, back with more from d. w business. even more twitter employee employees have left the social media company company that's shortly after new boss eli mosque gave them the choice between a extremely hard core work environment and leaving hundreds of workers express their intention to resign by mosques deadline of thursday evening. the company also decided to close the headquarters saying employ badge access would be disabled until the start of next week. some users have reported problems on the platform like excess spam and problems with 2 step verification and have speculated it's because of these missing workers. well let's bring in our financial correspondent had he auster in new york for more on this teddy. what does twitter losing all of these workers mean for the company? well, christy, i don't know how online are audiences,

but anyone who's been on twitter today has certainly seen a litany of early eulogies for the social media platform. really, we've been seeing this since you must took over the company at throwing it into uncertainty, even telling employees that bankruptcy may be on the table. and now what we're looking at today is a failed ultimatum for you on mosque to his employees. 3 months severance or stick with the hard core, a new culture, a 70, or 80 hour weeks. now we're seeing reports that up to $1200.00 employees have left . this is after half of the twitter staff were already laid off. so this really could do some damage to the operations and clearly users have already noticed that some functions aren't functioning as well as they could. now tell you, i also want to ask you about developments with picket masters parent company. that's according to a new york times report. according to the newspaper, the investigation will focus on whether live nation abused its power in the live

music industry. now, teddy people have been criticizing ticketmaster live nation for a long time, now calling it a harmful monopoly. how significant do you think this investigation is or would be well, it's incredibly important. we have seen some estimates that 70 percent of the primary ticketing sales are linked to live nation, which is pretty staggering. figure and anti trust advocates have blamed this monopoly for such high ticket prices. it's incredibly hard to go to a concert these days. we've even seen bruce springsteen tickets. going up to $5000.00 now with the taylor swift mishap that we've seen this is the problem with monopolies as well. is we get bottlenecks and we saw such a case earlier this year, right with baby formula. when one factory fell, it made it really difficult to get a life necessity for some. now the d o j may pasent uphill battle. this is,

we've seen the d o j already lose 3 anti trust cases trying to block mergers, which has certainly been a pretty major blow to the biden administration that said representatives, alexandria cause you're cortez sen, amy clover char, and other anti trust advocates. would welcome this investigation that was teddy austria in new york. thank you so much. now to look at some of the other global business stories making today. chinese liter. she jan ping has spoken at the opening of the annual meeting of apec countries in thailand. he said he was willing to pursue, quote, development opportunities with other asian pacific nations, on the basis of mutual respect, members agreed on a joint statement, pledging to keep supply chains and markets open. germany's largest trade union has agreed to a new employer deal with wage hikes,

totaling 8.5 percent over the next 2 years. the deal covers almost 4000000 workers in germany's key metal and electrical sectors and allows employers to avoid for the strike. the talks were closely watched in germany where inflation above 10 percent has eaten into workers real wages. chinese regulators have given the green light to a new video game from 10000 the company's 1st approval in the past 18 months. penson was at the center of beijing's recent crackdown on tech companies when regulators urged closer scrubbing of quote, politically harmful content licenses are mandatory for video games sold in the chinese market. well 1st rushes war in ukraine rocked the international weak market. since both countries are important, great ex borders now a drought in argentina. another major we, producer, could push already high food prices even higher

a month before harvest time, the wheat on cliffs 10 all as all as feel usually stands, half a meter tall and has a dark green tone. this time around the plants are half the height and have already gone brown. argentina is the world 7th largest wheat exporter, but just as it's needed more than ever to compensate for grains loss due to the war ukraine. a trout cuts its harvest in half ingle got into your journey. i am 48 years old and this is the worst drought that i've seen in my entire life. we have seen precipitation levels decrease and decrease over the past 3 to 4 years. every year, a little less, we had a farm all week with practically no water, maybe $57.00 or 8 millimeters of rain, not more. so i sola says it's due to climate change. he fears the harvest on his 80 hector's will come in at around a 3rd of usual levels. even though the scarcity will drive up wheat prices. that won't compensate for his losses. in one is iris resource analysts. sebastian

olivera says that the drought in argentina will, through the d stabilized global wheat markets, but he says it won't have a lasting effect, as opposed to russia's war in ukraine. already our laclare teeth are continuous, he, it will raise volatility in the market on your argentina as a player there. yes, but it's not as much a factor as the war in ukraine, where 2 major wheat producers are sidelined by law argentina, us most in important producer for brazil. and now priscilla's looking for other suppliers, possibly canada the u. s. or even russia, and that will again drive up prices so seater. the reason for the drought, global warming of res laura roacha, co author off a book on the topic titled a caliente or ultra hot like climate change is the biggest problem of our time. is as a much better than just let us in medical because of climate change,

we're seeing more and longer lasting droughts and some don't understand what it does to our soil, but simply said if we get more droughts and scientists project that we will then by 2050, we will lose up to one percent of our gross domestic product. billy for now argentina's prioritizing we production for its own domestic market exports will be reduced by that won't change the fact that in argentina and abroad, price, brit and other wheat products will likely go up. beijing says a leaked paper on germany's new china strategy is a throwback to cold war times. earlier this week, german media had reported details on how berlin wants to deal with the country. it calls a competitor and systemic rival. this new strategy would be a significant change to how germany has approached china in the past. the report a draft shows that germany wants to take a new economic approach with china. one that focuses on curbing here,

human rights abuses, and that includes keeping force labor out of supply chains. berlin also warns of lopsided investment. in recent years, china has been buying up companies and infrastructure abroad, while blocking similar access within its own borders. and germany's chancellor has also condoned accepting higher costs if it means avoiding over alliance on one trade partner like china. earlier d w spoke to axel, not mortem marketing seo at the port of hamburg. europe is europe's 3rd largest port and a major hub for chinese trade. this is what he had to say. when we are we, of course we have more than 30 percent or one 3rd of all the cargo be handled in the port of hamburg is related to china coming from china, going to china, import and export. so, but not all the cargo which is been handled in the port of hamburg is being transported by chinese companies. so there are

a lot of other ship owners and liners shipping companies which are transporting these cargo in these containers. so we are not relying on on costco, for example. so there is others like lloyd, like m a, c, c, m a c, c m, which are deeply involved in transport of all the containers worldwide. it's an international business. it's done. there's no trade. so we are not dependent in this respect on, on one customer or for more on china's changing role on the world stage. i'd ask you to head over to you tube and check out this week's business special. we take a look at china's latest attempt to get a grip on its embattled real estate market, its 0 cobit policy, and it's growing economic problems. george magnus, from oxford university, is china center tells me, companies are looking outside of china. it's, it's prudent for companies to be able to, to now kind of look at other countries in asia and beyond for changing the supply

chain. so they've taken decades to, to build up. it won't happen quickly, but i'm pretty sure it is starting to happen. now that was george magnus from oxford university and what's on the horizon for the world's 2nd largest economy on deed abuse, topic of the week, that's on youtube, dot com slash b w. news. and a reminder of the top business stories were following for you this hour. even more twitter employees have left the social media company that's shortly after new boss you on mosque gave them the choice between an extremely hard core work environment or leaving hundreds of workers express their intention to resign by muskets deadline of thursday evening. beijing says a leaked paper on germany's new china strategy is a throwback to cold war. times the report a draft shows that berlin wants to take a new economic approach with china that focuses on curbing human rights abuses. berlin also warns that china is buying foreign companies, preventing foreigners from buying it's firms. that's all from me and the business

team here in berlin for more head over to v w dot com slash business. you can also find us on youtube and on facebook until next time. take care. mm hm. what's making the headlines and what's behind them d, w, news, africa, the show that was the issues shaping the continent. life is slowly getting back to normally well, the streams to give you in the report on the inside. our correspondence is on the ground reporting from across the continent all the time stuff, the mazda to you next, on d, w,

you go india. less pollution and exploitation, but more sustainability in fairness, pressure on the textile industry is mounting. designers and factory owners need to radically rethink their approach. and the factory who has so right has changed a lot. in the last 10 years, we go in 60 minutes on d. w. o. devastated, how are we can we must cars care? defects of climate change? i mean, felt wired before a station in the rain forest continue, carbon dioxide emissions have risen again. young people all over the world are committed to climate protection. what impact will they have?

because change doesn't happen on its own. make up your own mind. d. w. late for mines. this is dw news africa coming up on the show as the you and climate summit called 27 draws to have close. will the most vulnerable african nations get the help they need to tackle climate change for on the ground and madagascar, see how global warming is pushing nearly 1500000.