tv Business Deutsche Welle December 27, 2019 5:15am-5:30am CET
march 24th to talk to w. . staying up to date don't miss our highlights w. program online w. dark come hard. lining up for a bargain and day after christmas shoppers around the world are going to time for the sales but just how much are they spending. also coming up we'll look at an extreme case of a rental market gone bad in mumbai old neglected buildings are out of risk of collapse. i'm leaving a bitter taste for whiskey makers and dumped on fear for their future as u.s. targets stick it to buy. in. this time take ferguson.
christmas is barely over and the sales have already started in london bargain hunters lined up for hours in the rain hoping to get their hands on some cut price march for them shopping online just doesn't seem to have the same appeal. after the joys and excesses of christmas day comes the dedications haunt for boxing day bargains and britain's department stores. just by chilly temperatures and pouring rain hordes of shoppers lined up for the luge stores were slashing prices by up to 90 percent to get consumers away from their online outlets back onto the high street. it's still a lot more like you go in then have a look and see what you're to find rather than just having the online because you don't know what you're going to get exactly it's the best place to be able to say. this cancer is crazy you always pick up something.
i'd side selfridges in london's oxford street shoppers waited patiently for doors to open at 9 am. so monoliths are forecasting total sales of nearly $5000000000.00 euros do you carry boxing day shopping bonanza. and its spending season in the united states to break down the numbers for us let's cross financial correspondent so freenet kessler on wall street hi it's a free ticket to see you what can you tell me about u.s. retail sales during the festive period. get this season was absolutely a record breaking at least that's what a credit card company mastercard is telling us not in terms of sales that department stores they were up only 2 percent compared to last year but e-commerce sales this holiday season rose nearly 20 percent and that's why this year is the 1st time ever that people spend so much money online because the weather of course
amazon who just announced that they have the best holiday season ever they didn't report any specific numbers but the message was clear i think so amazon stocks rose more than 40 percent today overall a massive desire to buy this season but after christmas comes the return season and that will also hit another all time high since holiday returns are projected to be a record 95000000000 dollars this year with nearly half of that coming from. so some huge numbers there sabrina is relieved there were some other records broken on wall street today what can you tell me about those. it's year and really and that often means a new records on wall street and that was exactly what we saw today not only that the ass and p. 500 hit another all time high and is on pace for its best year since 997 today was also the 1st day ever that mass that has hit 9000 so stocks look like they just won't quit and that's also because of
a press briefing by the chinese commerce ministry who said that china is in close touch with the u.s. on signing the in the show trade pact so although treading water remained then this week a center claus rally is still on with only 3 free. free trading days left this year so create a castle on wall street thanks so much. peruse labor watchdog has found mcdonald's corporation's latin america franchisee out of calls guilty of 6 ly elations of local health and safety laws the company will be fined $254000.00 after 2 deaths in the kitchen of one of the company's lets 2 teenage employees were electrocuted by a faulty drinks machine. which owns and operates mcdonald's restaurants throughout latin america has shot all $29.00 of its that's in peru for safety inspections. chinese imports of soybeans more than doubled in november after the announcement of an interim trade deal with the united states over all imports of projects rose more
than 50 percent china purchases of american soybeans after the united states raised import duties on chinese goods as part of their trade dispute and agreement of a phase one deal could be signed next month. now the mega city of mumbai in india has seen a string of building collapses earlier this year a 4 story building caved in killing more than a dozen people despite the tragedies many citizens continue to live in old buildings at risk of collapse landlords often have no incentive to make repairs our india correspondent sagna fall a car sent us this report. young has lived here for much of her life this building a century old was built just as world war one ended in the one room that young he shares with the family cracks run through the wall the plaster speeling and bamboo sticks prop up the ceiling the monsoon rains make the structure riskier each year
young says she's repeatedly complained to the landlord with little success. you know i live in fear that the building will collapse my children are away at work all day so at least they're safe my husband and i stay at home we could be killed but the way i see it where old we've lived our lives. leaving the police isn't an option for young whose family owns a modest living tenants like b. just $10.00 a month ingrained some p. even less that's due to a colonial era law that limits rents for old buildings like this one but that also means owners get little money to invest in group is leaving the structures to rot in many parts of mumbai like. a home to old rickety properties dieter shows that are more than 14000 buildings in the city that are groups of collapse due to
a lack of maintenance and government apathy only the c.e.o. of 4 story building collapsed at the spot killing more than a dozen people and injuring many more disasters of this kind aren't uncommon in the city. one buys chronic housing was also linked to its dense population and scarcity of land the city is surrounded by water on 3 sites and has no space to grow. more than 40 percent of its 18000000 residents live in slums and shantytowns experts say at the heart of the problem of the city's sky high real estate values and a powerful builders lobby. has sort of in the last 20 years for the situation. building it would mean that there will be an option off redevelopment for the private developer and also because then they have much on most of these
buildings out in the island city down. the prices of. new. cities for young key home is a much loved but dangerous place option would be to get out and lead a much broader life in a far flung suburb either way it's not much of a choice. russian president vladimir putin says his country has the equipment needed to complete construction of the controversial north stream 2 gas pipeline the commons reported by russian newspaper commerce sunt came after swiss dutch firm all cs stopped playing pipes in response to fresh u.s. sanctions hooten says he expects the delay of several months this could mean the pipeline will go into operation until 2021. german airline could see more strikes by before the end of the year the union that represents cabin stuff says details of the plan will be released on friday it's part of
a long running dispute over pay and conditions recent months of ford of toronto subsidiaries on a 2 day strike in november a total of $1500.00 flights were canceled leaving 200000 possums are stranded. earlier this year the united states and its plans to impose a 25 percent tariff on a range of e.u. goods the move was in retaliation to a world trade organization ruling that find that the e.u. had been illegally subsidizing aviation giant air bus among the product affected is scottish with a single digit for many american tourists visiting scotland a whisky tasting is the quintessential experience for scottish distilleries the u.s. is a lucrative market accounting for more than 10 percent of global export volumes for them the tariffs couldn't have come at a worse time. we had agreed in principle to go into
$23.00 states and $200.00 stores across all states with a large retailer in the u.s. and then 12 hours later we woke up to a 25 percent tariff on single malt whisky so that has part i hear huge clouds over our discussions on our plans to launch in the u.s. the scottish whisky association says the impact can be estimated based on what's happened to american bourbon whiskey imports to europe where expection is around a 20 percent drop in the sales of single malts in the u.s. you know we have the example of of us whiskey being shipped to europe which has been under 25 percent tariff for that are stating months and the american whiskey industry has brewed experienced a 20 percent drop in sales in europe with that level of tires that says that small distilleries will take the biggest hit because their lower volumes mean they
already have to charge a premium price for tariffs combined with bret's its effects on access to the european market are expected to be a major setback for distillers threatening some of the $11000.00 jobs in the industry i. doubt that for. me and the business team here in berlin for more you can check out our website www dot com slash business you can also find us on the social media we're on facebook and twitter for me it's if i and take care.
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