covered by 2032 will be monitored through an internet up which tracks when and where each new tree is planted. we love trees. all right, that's all for now. the w business ease with steve appears these up. next, i will see you tomorrow, the welding program, soft costs for everyone who wants to know more about the topic that concerned about this story is beyond the headline world in progress. the w talk costs that i wish i could've done more the same. you just click away,

find the best document on you to really see the world as we've never seen it before. the dr. know to dw talking entry, the. the world's biggest retail events is a bit of a disappointment. we'll look at china's singles day 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 and 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 shoppers greeted this year's edition of the

world's biggest retail events known as single stay. with less enthusiasm than they have in the past. or retailers reporting that online sales rose 2 percent as compared to a 2.9 percent last year. and that's 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 cup and 19 pandemic continued problems with the how the housing sector hip 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 fraser? how is author of red capitalism, the fragile financial foundations of china is extraordinary rise, fraser, it 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 i'm. is it

a gauge of where the chinese economy is right now? i'm. well, of course that is any big event. it's a, it's been pushed by ali baba i enter 9 companies burn up for, you know, but it actually, it, this is a major band to try to piece, make that big sales there. and it's largely fall and flat. it has the 3rd slight games, but their numbers are always a bit dubious. you're never sure if that's really what was sold at the end of the day are right, but it's just what was booked. and people have inflated those numbers because the time goods later. but it certainly shows the sure to part find did i get caught? i mean, just by weight, 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 saw 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? what is depressing consumers when they reach for their pocketbooks? in this case, as look there, 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 and 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 wind black, which is refusing to take part in this a consumer modern day rock race off, you know, very long hours and consumption, etc. so all in it's a very lethargic economy and it's going to take an awful lot to try and boost that again, especially after cobra, which basically was a huge sock to the system. at the same time, we have seen that the chinese economy,

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 get too, too excited. ultimately property being a cartridge. the economy is such a big problem. it's a, it's a real millstone right in the economies. net. and that's going to be a problem. it's going to be over. i'm calling me 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 our consumption is going to be boosted or is really going to pick up. but high shoals are 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? and i think that's very unlikely. i think they will intervene so, so take the worst. so the worst falls are some crisis like that,

as best they can. but ultimately, one of the complaints about the properties, thanks or 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 priced, 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 up. prices are trying to drive them higher, they want them to come down, but they don't want to shock collapse. right? that's trying to enlist fraser, how we faced with 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 news suppliers . and sometimes that can lead to trouble or next report takes us to morocco and new

allegations of labor and environmental violations at a cobalt mine that supplies german automaker bmw. the boy was that of mine and southern moral code is where bmw your sources, cobalt worth. 100000000 euros for this electric car batteries repeated. why are they? sions of worker protection have reported they occurred to year 10 former and current workers i made acquisitions against the minor port, right. as the german media outlets, citing issues such as chain contracts, lack of respiratory mouth, and diseases leading to dismissal. as it says, the, this is the mine is a source of problems we call it causes auto geniuses, dusk lungs, and other diseases triggered by our center. and that is only a lot of so when they a toxic authentic 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 ended up in a body where people, if they hadn't health center for environmental research and marketable, analyze these samples. this company he started. hi janeth, you called everett determining such a high amount of are sending you know what your sample to hop, the minor parade to rejects old accusations claiming got here is to all international regulations vice with these findings, bmw, when he is now demanding a comprehensive review form its 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's freight train,

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 if you buy air show. the order comes just as ever its group announced record half your profits of $2700000000.00. german automotive supplier, continental is planning mass of job cuts and it's auto division, and a bid to reduce costs. it will flash around $5500.00 jobs worldwide. it's about 5 percent of its global workforce, around $1.00 and $5.00 of the effect of jobs are in germany as well. southern spain has the 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, but farmers are trying to adapt. take a look,

the dried up, an even touch to 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 tons of the previous year . jose fernandez the header dia on the way to his plantation, which is experiencing extreme drought the get done. i have tried to tell you already how you i planted and grew to me. that'll happen. i don't me know. i'm so sorry because i'm like, this can't be, i don't know what it is and fortunately matters. i've never seen them as bad as i know i saw not can. okay. and then those are areas here that have no oranges at all here, but i saw others help me out. you a paid $100.00, but the owners are very small. many are not even good to use. the read me pass

through the trees should be in full bloom, reliable the it's a lot of all by itself. that meant to pay the files 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 experts and now trying to be better prepared at least for the next round. and so you'd up with the me doing up front of the water. so the guy came here to meet on me on that, on the, on some more story. i'll build the other locate, but i see the putting do you have a lemon? we have to optimize the use of water, let them in the he didn't to kill his asian also, when i me who i liked it to you this request special senses on this thing can 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,

the 20 percent more efficient another pharmacy noise or you know, want to buy that then really go like i say. and we know when the and how much winery newman see a good way. it was coming available. this knowledge is crucial for adapting agriculture to climate change. but this alone is not enough to make the south of spain viable witness from the same. but i didn't mean either you do, we have those done well the end of year again may not prove the management of water . so you told him we also need to promote that code division on, on, on your dance, you issues again almost how many i 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

for exceptional snow. crabs rented its suki bushy for their outstanding quality. one crap 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

visit the fast lane to making money for a dangerous road ahead. selling cars in china is risky. german automakers are doubling their investment. but the political hazards in china are growing. doing business on raisers, it is next on dw, it's just a matter of time till the next 10 demik strikes but which animal will be the souls . and what if we can find out we may be best to prepare. a research team and kenya is looking for answers. ponce's that could save many nights tomorrow today. in 60 minutes on d, w. as these categories are thoughts,

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