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tv   Business - News  Deutsche Welle  November 14, 2023 4:15am-4:31am CET

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to all that is it. so now coming up next documentary, which is titled a siblings love, hate rivalry. that's after a short break. of course there's always news, a dw. com as well as when i channels are accounts and ex, instagram and youtube. i am told me on line to go for myself and the team. it's been a pleasure the trast fashion as an environmental 9. a clothing graveyard image of land desert. this is where things wealthy industrial nations no longer need and lightest textile waste gets stranded. fashion. watch now on youtube, you cream was like a stepping points to, you know,
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5 or 2 into that warranty wants to finish your studies. now you have a safety from your train. you can choose to go back or somewhere else. currently, more people than ever on the world wide in such a base in life categories. something that is coming very very soon. and yeah, can we learn more about or know when a story info, migraines, 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. obviously there's
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the end berlin, welcome to our show. chinese shopper is greeted this year's edition of the 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 in that household spending remains dampened. retail activity has recovered since the cold. 19 pandemic continued problems with the 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
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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? sign well of course that is any big event. it's a, it's being pushed by ali baba the big i enter night companies burn up for you know, but it actually, it, this is a major band to try to push make that big sales there. 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 to play to those numbers because the talking good slater, but it certainly shows that your deport find, did i, that caught me is probably we 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
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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, a look there, there's a whole slew of face. he's 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 and 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 off consumer modern day, right? race off, you know, very long hours 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
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again, especially after cobra, which based there was a huge sock to the system. at the same time, we have seen that the chinese economy being growth expectations in the 3rd quarter is that not a sign that things might be moving toward a more positive direction. oh, i think i explained that meeting expectations by a little bit. i bring that 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 kind of his 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 too 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 when i sold or not getting their fair share. we for these calls for stimulus with the best stimulus, 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,
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so take the worst, the worst falls, or some crisis. i bet, 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 up. 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.
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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 the supplies german automaker, bmw. the boy was out of minus southern moral court is where bmw of sources, cobalt worth, 100000000 euros for its electric car 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. it causes allergies, dust, loans, and other diseases triggered by our center, and that is on their lives when they a toxic authentic the byproduct of cobalt mining also appears to be causing
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significant environmental issues. samples taken below the mind indicate that large amounts of authentic have ended up in a valley where people, if they hadn't hold the center for environmental research and marketable, analyze these samples. this company started, i cannot you called ever determining such a high amount of are sending, you know, watch assignments can. so how the minor parade to rejects old accusations claiming got here is to all international regulations faced with these findings, bmw, when he is now demanding a comprehensive review for me to 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,
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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 shows up in the system since 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 did you buy air show, the order comes just as emeralds 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'll 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
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a big hit, but farmers are trying to adapt. take a look dried out and even touch the bit to 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 dia on the way to his plantation, which is experiencing extreme drought the get don't i have let me tell you a little angry how you i planted and grew to me that will happen. i don't me that. i'm so sorry because i'm like this. okay, but i don't know how to answer. unfortunately, mary's, i've never seen them as bad as i know i saw not cannot be. and then those are areas here that have no oranges at all here,
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but i saw others have me out to you. a paid $100.00, but the owners are very small. many are not even good to use and i will read the pass through the tree should be in full bloom, reliable dot the it's a lot about the domain to the files of families need more 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. and so eat up with and the me doing up front of the water. so the can keep it and meet then i mean on that on some more story, i'll build the other locate, but i see the putting do you have 11, we have to optimize your use of water. let them in the lab. you needed to tell us each now, so when i me who i left 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,
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the oranges need water a small everything, the 20 percent more understand how another pharmacy noise or in 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 this lesson. but i didn't mean either you do, we have those the end of year again, more of a doctor of the management on water. so you told him we also need to promote the cold of ation on on, on your day is going to use again one more time. many to 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
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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 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 its watching the
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intelligent life save as quickly delivering important medicines to the destination . they do not see a gas boy's name nor explosion. they also liked to clean up mackie, wilkins, ken roosevelt, saved the walt robots to the rescue. those next on d. w. a lifelong relationship that nobody chooses for themselves. siblings, they help see and challenge us. what role do they play in our development? siblings? love rivalry. in the 45 minutes of
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