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tv   Business - News  Deutsche Welle  October 6, 2017 1:03am-1:16am CEST

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and to a complete halt in large areas of the country because of the hurricane force winds . germany has booked their place at next year's world cup in russia winning three one in northern ireland sebastian rudy opened the scoring in the second minute some drove back nearly doubled the defending champions lead in the twenty first minute yoshua commish and another late in the game. companies on the move fast catalonia pushes for independence a growing number of businesses relocating their headquarters outside of the region also german wine makers will be bottling substantially less as year we'll tell you
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what that means for your favorite reasoning and the freeze art fair in london is offering the latest contemporary pieces to art buffs and buyers. this is the new business i'm post of color welcome companies are starting to move out of catalonia as the region's leaders say they will declare independence over the coming days spain's fourth biggest bank banco it is somebody else said it will move its headquarters out of the region the country's leading retail bank bank a set of decide on friday if it wants to change its legal base base both banks fear and catalan declare action of independence could see them kicked out of the euro zone and out of the jurisdiction of the european central bank and it's not only spanish corporations that are thinking about. protesters on the streets of catalonia are confident they're doing the right thing for their region many think the spanish economy is propped up by catalonia that they're the ones driving
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it and attracting foreign investors. there are one thousand three hundred active german companies in spain catalonia accounts for almost half of these investors if the small north eastern region becomes a separate country the investments of five hundred twenty german companies would break away in one fell swoop. and if it breaks from spain catalonia would presumably lose its status within the e.u. firms are already alarmed with one trade association already advising german firms to put their plans on ice. and should abandon their own expansion plans at least for the next few weeks to see what happens it's always advisable to seek out other locations inside the european union it's clear for the corporations that access to the here a p and single market is of utmost importance. to see forty percent is that something the spanish government in madrid also has in mind they
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announced plans on thursday evening to make it easier for firms to switch headquarters a move designed to tempt companies to put catalonia behind them in the search of stability elsewhere in spain. well not to sound too alarming but it's only eighty days until christmas time to start considering your shopping options so let's bring in our official christmas shopping expert and markets mannion scored in new york and u.s. retailers have issued their projections for the holiday period what do they expect and what are you going to buy. yeah well i mean we certainly still have plenty of time first we have helloween then we have thanksgiving and then christmas arrives but expectations are pretty high if you look at the federal retail association they're projecting that sales will increase around three point six to four percent and that would be higher than the three and
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a half percent that we've seen on average in the past five years the unemployment situation in the u.s. looks pretty good so meaning there are plenty of shocks the jobs around the stock market is performing well and all of that could translate into higher sales for retailers here in the united states by the way obviously they might employ fewer temporary workers and that should could show that the trend will continue that people buy more online then offline in real stores and i have not made any decision to get my family i'm going to be watching you seeing what you're going to get in the end but u.s. markets finished today's trading session with more gains and this is a historic winning streak that's continuing there tell us more. yeah it's pretty amazing what we're seeing in the dow jones industrial average it's closing in into the next thousand point mark a twenty three thousand points are only about one percent away and for the s. and p.
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five hundred as was the sixth consecutive closing record that we saw here on wall street we haven't seen anything like that since one thousand nine hundred seven meaning in twenty years there is still hopes that we might see a tax reform especially lower corporate taxes for corporate america when that. still remains to be seen then well even let's say we get those attacks i would say at this point those already should be apprised in into the stock market but another day in the other records on friday we will get the latest figures from the labor market that might bring another record day we will see court in new york thank you cyber criminals are becoming more active and more german companies are falling victim to them in recent ernst and young study almost half of the executives who responded admitted their company computer network had been attacked and a cyber attack can quickly become an existential threat. when machines
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order supplies over the internet the foreman organizes production via a smartphone and everything is digitally linked you could say that a company's future proof that the likelihood is it will also have opened its digital dollars to the possibility of criminal attacks these are on the right although only the biggest of them get media attention to want to cry attack in may this year was one example the malware shut down entire systems and demanded a ransom to unlock data companies in germany know the risks and according to a survey it's always the same suspects the main perpetrator is russian forty five percent of executives to see russia as a particular threat china is not far behind as third of respondents in germany believe that hackers from inside the u.s. could digitally spy on their companies or launch cyber attacks against them with the several of them interests can be. better reputation you will face in the market
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. seeing current media really there's about a large head in the past for sure this damages your appreciation you can have a direct financial impact or you can always fall simply lose your complete business of now product information got stolen the product can be produced much much cheaper and in our country by some estimates german companies are already losing fifteen billion euros annually due to cyber attacks and analysts say criminal groups are constantly planning the next big assault. wine producers in germany will be battling twenty percent less compared to last year this year summer just wasn't any better but don't worry your favorite reasoning well not be getting more expensive and here is. most of this year's crop was harvested especially early late frost summer hail storms and foggy days are all to blame wine producers say climate
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change is a growing factor the climate change and extreme weather mean different conditions in individual growing areas in a twenty percent drop across germany doesn't mean every producer it was down twenty percent between went into q one and two until she could be twelve but the three largest wine producing areas in the country right has the pollutant eight and botton each saw drops about twenty percent from the year before the few gains came mostly from the east germany's numbers are comparable to overall declines across europe italy and france are also reporting much lower grade pos yet there is good news the quality of this year's grapes is better thanks in part to late september sunshine what does it all mean for consumers the price of riesling could rise but wine producers could also take a hit for the anthem between it was a big challenge for individual produces they'll lose money no question because international competition is too fierce for them to raise prices accordingly and
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out of it perhaps their courses quality will have to make up for the difference. well you're for if you're into art why not head to london's phrase art fair in future sections like sex work some of us art and radical politics sounds like the pieces quote spark some heated discussions but the organizers of the fair also hoping to attract some buyers for the works of women artists and. jeff koons has the world in his hands his works earn more money than those of any living artist one sold for nearly sixty million dollars a reflection of the art world's willingness to spend other established artists have also seen auction prices grow works by american sculptor nick cave have been fetching well over one hundred thousand dollars. finding buyers for artists is what freeze is all about and while there is always an appetite for the big names buyers are also looking for up and coming artists whose works can quickly gain in value in
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today's market. this is an extremely important moment in the galleries and it's the moment when the whole world comes to london and hear some of sales taking place already here today from the sea of millions of pounds range to you know this is a much lower price range. organizers say it's time buyers looked at minority and women artists like poland's natalia l o l they say these works are undervalued even as critics call them more relevant than ever. the mainstream all the world is seriously looking. at female artists perhaps now more than ever because if we look at what's going on politically this is the strongest voice talking about sex and talking about politics freezes showcasing artists like sculptor melvin edwards whose work suggests the brutality of the african-american experience so perhaps
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buyers willing to invest millions in the likes of jeff koons will take another look at works like his. now it's often said that cars are works of art in their own right an opinion shared by attendees at this year's mortar world classics carfare and berlin the star of the show this b.m.w. five zero seven roadster made in one thousand nine hundred fifty five and driven by the king of rock n roll elvis presley himself while he was stationed as a soldier here in berlin it's part of this year's nine hundred fifty s. focus of the show cars from film and museum pieces are on display over twenty five thousand people are expected to visit the fair which runs until sunday. and that wraps up our show for the latest business news simply follow us on social media for now thanks for watching and see you tomorrow.
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