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tv   Business - News  Deutsche Welle  November 13, 2023 3:15pm-3:31pm CET

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the shelby alonzo is bet sales returned to the top of the table. and that's it from me, and it is theme of canada and go away students bits, they is our next indeed, i do business. he takes a look at china's single day. i would have tells us about the chinese academy because in building for me and the new thing, thanks for the people in trucks inject. when trying to free the city center, the straight exclaimed, the around the world. more than 130000000 people us we
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all mine because no one should have to make up your own mind. dw, may 4 mines the . the world's biggest retail events is a bit of a disappointment. we'll look at china's single state and what it tells us about the countries beleaguered economy. also on our show, bmw faces accusations of labor and environmental violations tied to a cobalt supplier in morocco. and will show you how farmers in spain are defined one of the worst routes the south of the country has ever faced. seemed busily in berlin. welcome to our show. chinese shopper is greeted this year's edition of the
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world's biggest retail events known as singles day with less than tuesday as and then they have in the past, retailers reporting that online sales rose 2 percent as compared to 2.9 percent last year. and us, despite huge discounts by major platforms. this year's lat, cluster sales figures become a mid concerns that china's economic slowdown is persisting and that household spending remains dampened. a retail activity has recovered since the cold. 19 pandemic continued problems with a house the housing sector. hit pocket books still today. now paging may need to do more to spur the chinese economy. that's at least what some analysts are saying will phrase or how he is author of read capitalism. the fragile financial foundations of china's extraordinary rise. rays are good to have you back on the show. singles day is a bit like black friday. it was at one time a day of rebates, now it's weeks long, i believe. is it
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a gauge of where the chinese economy is right now? sign? well, of course, that is any big event. it's a, it's being pushed by ali baba to pick uh, an internet companies burn up for, you know, but it actually, it, this is a major event of trying to push, make that big sales day. and it's largely fall and flat. it has the 3rd slight games, but their numbers at all was a bit dubious. you're never sure if that's really what was sold at the end of the day are right. that is just what was booked. and people have inflated those numbers because the talking good slater, but it certainly shows that your deport find, did i, that caught me is probably week that consumption is not strong. and i think it probably is not a bad reflection of where the economy is. frankly, we've seen that, um, as you suggested, some major retailers including j. d dot com and alibaba refusing to share their sales figures from it. others show me saying that they still record sales actually of handsets. you mentioned the chinese consumption being down right now. that's what we've seen with this event. what is driving it down?
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what is depressing consumers when they reach for their pocketbooks? in this case, a look that there's a whole slew officially is obviously one of the big drives on the chinese economy is the property market. the peoples, i see, would you mind if i sold well was in their property, they were just the property is going up and having multiple properties and i property prices out of best spot, but really are falling in the market is largely so you stop. so there is a feeling that people are not getting restrictions, the work that are plenty of layoffs across the country that our plan to off um, solid either adoptions, etc. and you also have a large body of the younger people who are in there, but it's called the line flat, which is refusing to take part in this a consumer modern day, right? race off, you know, very long hours and, and consumption, etc. so all, and it's a very lethargic economy and it's going to take an awful lot to try and boost that again, especially after kobe, which base there was a huge sock to the system. at the same time, we have seen that the chinese economy,
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big growth expectations in the 3rd quarter is that not a sign that things might be moving toward a more positive direction? i flew. i think i explained that meeting expectations by a little bit. i wouldn't go to too excited, ultimately property being a cartridge. the economy is such a big problem. it's a, it's a real millstone right in that economy is neck. and that's going to be a problem. it's going to be overhang academy for years. so, you know, some carts or something months are going to be some expectations, bags, vacations are very low. i'm fundamentally, you have to much or you have to a little off the national well going to are you sold. so it's very difficult to see how a consumption is going to be boosted or is really going to pick up when i sold or not getting their fair share. we've heard these calls for stimulus with the best simulate 5 aging, perhaps not be to intervene more in the property sector. would you expect that to happen? i think that's very unlikely. i think the ones are big so, so take the worst, the worst falls are some crisis like that,
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as best they can. but ultimately, one of the complaints about the properties, things are for years from the park is being an affordable property, is that they talked about property not be for speculation, but for our living in. and yet, chinese cities are basically the world's highest price. the income ratio of properties, it's 3 times more expensive to buy a property based on your income in shanghai that has a new york. so on that basis it's very difficult to see how the party is going to be actively propping out. prices are trying to drive them higher, they want them to come dying, but they don't want to shock collapse. right. that's trying to enlist fraser, how we physically thank you. shifting gears the world wide race to build cheaper electric vehicles is also race for critical minerals such as lithium, cobalt and nickel for companies. that means securing new deals with new suppliers. and sometimes that can lead to trouble or next report takes us to morocco and new
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allegations of labor and environmental violations at a cobalt mine the supplies german automaker, bmw. the boy was that of mine and southern moral. cory is where bmw w sources, cobalt worth. 100000000 euros forwarded selected card batteries, repeated violations or for protection have reported the occurred to year 10 former and current workers. i made accusations against the minor port right as the german media outlets, citing issues such as chain contracts, lack of respiratory markets, and diseases leading to dismissal. as it says, the, this is the mine is a source of problems vehicle. it causes allergies, dust, loans, and other diseases triggered by our center, and that is on their level. so when they toxic outstanding, the byproduct of cobalt mining also appears to be causing significant environmental issues. samples taken below the mind indicate that large amounts of authentic have
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ended up in a body where people leave the hand, hold the center for environmental research and marketable, analyze these samples. these companies in starting my genetics, you called everett, determining such a high amount of are sending, you know, what your sam. so how the minor parade to rejects old accusations claiming, got here is to all international regulations faced with these findings. beyond that, when he is now demanding a comprehensive review from it, supplier a spokesperson for bmw, told deutsch develop that the company is investigating those allegations of environmental and labor standards for labor violations, i should say, and would require immediate remedies. should the misconduct be proven? let's go out to some of the other global business stories making headlines. major australian ports reopen monday, following a cyber attack last week. operator d p. world tickets systems offline friday. after detecting the security breach that disrupted operations at its ports, which handle some 40 percent of australia spray tree,
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you wrote expects further disruptions in the coming days. as an investigates, the breach and shores up it system sits at the middle east. biggest airline everett's announce the $52000000000.00 order for $95.00. boeing aircraft on monday . the biggest sale so far as you buy air show, the order comes just as ever. it's group announced record half your profits of $2700000000.00. german automotive supplier, continental is planning mass of job cuts and it's auto division. in a bid to reduce costs, it will flash around $5500.00 jobs worldwide. it's about 5 percent of its global workforce. around one and 5 of the effect of jobs are in germany as well. southern spain has a customs, a warm, dry weather, but not like this year. reservoirs are threatening to dry up. that's how bad recent droughts and heat waves have been. the oranges and other money crops are taking a big hit, with farmers are trying to adapt. take a look,
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the dried up an even touch pitch, a picture of the orange plantations between quoted buttons to them is already clear that the farm is would not be able to harvest the $1600000.00 tons of the previous year. jose fernandez the header, the on the way to his plantation, which is experiencing extreme drought. the forget, don't read, i'm telling you already how you i planted and grew the middle of a night on me. that you know, i'm so sorry, missed. i'm like this. gabriel hindball and unfortunately mary's, i've never seen them as bad as i know i saw not getting okay. and those are areas here that have no oranges at all here, but i saw others help me out. you, a federal amended as, but the owner is a very small,
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many are not even good to use. the read me pass through the tree should be in full bloom, reliable the it's a lot of all by itself that meant to pay thousands of families need war to for that crops. but does that look at the central reservoir shows? it's not coming, only 10 percent of the lakes capacity remains expense. so now trying to be better prepared at least for the next round. so eat up with and the me doing up front of the water. so the guy keep it and meet then i mean, will not, i mean some more story. i'll build the other locate, but i see the putting do you have 11, we have to optimize the use of water item in the he didn't tell us a shot. so when i me who i lucky to you this request special senses on this thing to know if it's available. they already show how much moisture is in the soil. and they measured the diameter of the trees. if they contract, the oranges need water a small if you can do
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the 20 percent more efficient, another pharmacy noise all and all of the above that didn't really go because i only know when the and how much winery newman see a good way. and i will be available. this knowledge is crucial for adapting agriculture to climate change. but this alone is not enough to make the south of spain viable. your supervisor, mr. nelson. i didn't mean either you do, we have those the end of year again motivate? i agree with the management on water, so you told him we also need to promote that cold evasion on on, on your day is going to use again almost how many you must try to find a solution. in general, we have different measures. the technology will help us get by with less water for longer. and finally, we ins with a different kinds of auction in japan, not fine art or jewels, but crafts. there's no crap issues. season has kicked off and depends to 20 prospector strictly marked by the 1st auction of the season. of the event featured
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for exceptional snow, crabs rented its suki bushy for their outstanding quality. one crab alone, fetched around $18000.00. that almost triples last year's top did this new record price is thanks to booming demand from restaurants and hotels. the season runs until march 20th next year with more high stakes auctions. expected until then. right. that's it for me and the dw team, you can find out more about these stories and others online at the w dot com slash business. you can also check us out on youtube under the dw news channel, so you can barely invalid. it's watching the,
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it's just a matter of time till the next 10 demik strikes, but which animal will be the souls. and what will cool if we can find out, we may be best to prepare. a research team and kenya is looking for alternatives. offices that could save many lights tomorrow today next on dw, the imagine that you're eating a hamburger. and as you're biting into this juicy burner, your dining companion says to you, actually that hamburger is not made from cows. it's me from golden retrievers. 2 2 2 2 2 2 in the meeting cultures around the world,
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people learn to classify small handful of animals of edible, and all the rest of the classify as disgusting. w series about a complex relationship with animals. the great debate, what's, you know, on youtube, dw documentary, the. it's a highly aggressive parasite that also invites during the day and concerns mit a range of different viruses, the asian tiger. most of the time the global movement of goods and climate change of accelerated it spread in europe, biologist, and now sterilizing and releasing large numbers of the insects to try to slow it down the that on much more this week on tomorrow to day d. w. science magazine.

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