she is update at this hour at dw business is coming up next with my colleague, steven beardsley. they're taking a look at china as a single day and asking what that tells us about the chinese economy. stay tuned or you can find us online at www dot com or social media where they're active. eunice clare richardson, it's many thanks for watching the sometimes it's hard to find what you're looking for but we've got something for you. da da, and the discovery stories change your mind.

just a click away, find the best document trees on you to see the world, the subscribe. now to dw documentary 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 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 usually in berlin. welcome to our show. the chinese shoppers created this year's edition of

the world's biggest retail events known as singles day with less enthusiasm than 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 cobra 19 pandemic continued problems with a 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 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 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 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 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 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? what is depressing consumers when they reach for their pocketbooks? in this case, a 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 doctrines, 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 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's, which base there 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 regret to, 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 economy for years. so you know, some carts or something months are going to be some expectations. bags make decisions are very low. i'm fine demand police, 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 her 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 stimulus, 5 aging, perhaps not beat 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 the worst falls are crisis, liked about 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 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 dying, 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 new 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 the supplies german automaker, bmw. the boy was that of mine and southern moral code is where bmw of 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 are made acquisitions. against the minor port, right. as the german media outlets, citing issues such as chain contracts, lack of respiratory marks and diseases leading to dismissal. as it says the, this is the mine is a source of problems. vehicle it causes auto, g, c, dr. long's and other diseases triggered by our center, and that is on their lot us 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, these companies we started. hi, janeth, you called everett determining such a high amount of our sending, you know, watch assignments can to help the minor parade to rejects old accusations. claiming got here is to all international regulations vice with these findings. beyond that, when he is now demanding a comprehensive review form in the 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 get 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 would expect 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 that 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. in a bid to reduce costs, it'll flash around 5500 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 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 then dried up and even touch the pit to pick 10 of the orange plantations between quoted 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. missed . i'm like this guy out of the hot water inch and fortunately mirrors. i've never seen them as bad as i know i saw not kidding. 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 about the diamond to pay the files of families need water 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 get paid to meet then i mean on that, on the, on some more story i'll build the other locate with i see the putting do you have 11, we have to optimize the use of water item in the heat engine was ation also. when i me who i liked it 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

the 20 percent more, understand how the other environment and noise all and all of the above that then really go like i say. and we know when the and how much winery newman see a good way and i 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, motivate our group, the management on water. so you told him we also need to promote that cold and they shut the whole 9 yards and she goes, she's 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. it's to keep all she for the 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 do the invalid likes watching the

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