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tv   Business - News  Deutsche Welle  November 28, 2017 4:02am-4:16am CET

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traction. britain's prince harry and us actress meghan marko have announced their engagement the couple met in july twenty sixth they plan to wed next spring and will live in nottingham cottage on the grounds of kensington palace in london. from . a breakthrough in a use weed killer case finally gives the green light to the contentious chemical blithely say but it's a compromise that won't please farmers environmentally. also coming up a boost for bitcoin the cryptocurrency cracks another record high but is a bubble about us. and a verdict in the trial of anton and his children the collapse of his drugstore chain cost thousands of german jobs what has it cost his family. this is your
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business update i'm headed on frame but thanks for joining me you can trees voted to extend the license of the controversial weed killer glide for state in brussels on monday but it was a tight vote germany surprisingly voted in favor despite environmental concerns the country social democrat environment minister accused the conservatives of going against her wishes though saying germany should have abstained and the states have been arguing about the week for you. protesters were out early this morning in brussels demonstrating the tug of war between competing interests fighting for the future of the country both who we kill there in europe but the european commission finally approved the use of glad to say for another five years critics maintain the chemical is dangerous. over all days like a major scientific and medical issues that not only does like him
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a seen evidence about the impact on the environment but also we are growing at least seem like a huge body of evidence independent evidence linking deficit with cancer. the world health organization says there is evidence that black pesetas probably carcinogenic other research including that of european health authorities is inconclusive. life has been used in the industrial production of food worldwide for so long now that few in the agricultural business can imagine life without it but critics maintain there are other chemicals that have the same benefits but fewer drawbacks. the only thing that most people can agree on is that life was saved is the active ingredient in monsanto's roundup products and that the brand is one of the key sources of revenue for the u.s. company. well not here i spoke to a correspondent in brussels catherine martins and i asked her if she was surprised by this decision in
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a case that's been debated for so long. well as observer observers here in brussels we knew that there was always a slight majority program for say there were a lot of countries like scandinavian countries eastern european countries very program for sale so that the majority of member states all educated the guy was a case that was not a surprise but that the fact that the key swing vote came today from germany this is quite a surprise and we only can assume because there was in the german government they very divided over that question the conservatives for a program for senate and the s.p.d. the social democrats were against so today obviously the conservatives wanted to use this kind of window of opportunity to get this deal done to get to keep going on the market and to kind of overalls as the social democrats and to send
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a clear message to the german industry in the context that the chemical giant buyer is about to strike a deal with one side to which uses clive so it would be a huge market with a location in germany and obviously the conservatives in the acting government very keen not to miss that opportunity catherine as you point out germany voting in favor neighboring france against can we expect president mccall to accept this defeat. well the president the french president has a very clear position on glaive. they really wanted really a ban on life aside and he already announced that he will try to get it down to three years and by the way in legal terms this is totally possible national member states can restrict their use of five percent if they want to only for their member state and so there is indeed this was really the core of the deadlock we had for
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two years that france was against and germany was always. abstain in the vote because there was no cloth clear position in berlin and now the fact that germany. kind of made the qualified majority possible shows that france had not enough power finally to get life as a ban from the european markets and very briefly catherine farmers and chemical companies are only seeing this is a partial victory why is that what the best case scenario for farmers would have been fifteen years more of life to say it this would have been really the best case scenario that that would have meant really a solid. expectation a solid legislation in terms of supply chains for sellers across the european market five years as more a transition period in order to get research research done for another week kill or
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capture martins in brussels thank you. web monitoring companies in the united states say shopping on small phones in tablet computers will top cyber monday orders from desktop computers for the first time in the short history of e-commerce should moment comes as shoppers are expected to spend six point six billion dollars on cyber monday a jump of over sixteen percent from last year as ins distribution centers were running full speed as the orders poured in the company says it has hired more than the one hundred twenty thousand additional workers to cope with the holiday gift giving season let's go to our financial correspondent so fisherman ski on wall street then. sophie cyber monday is big in the u.s. but is it as big as the well established black friday. yes so this
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weekend marks not only the start of them off important thievin for retailers but it's also the start of the christmas season and the main event for retailers and general and online retailer has simply become the backbone of this crazy shopping weekend with more americans buying online than people actually hitting the mall wildstar traffic has been down slightly poor cast estimate total online spending on monday to third has a six point five billion dollars this would make cyber monday the largest digital shopping day in u.s. history with a safe climbing more than sixteen percent from a year ago and as of ten a.m. eastern time monday morning eight hundred fifty million dollars has already been spent driving clicks and fans all over all this holiday season have been smartphones and also other mobile devices where auto fill is helping consumers to click and buy quickly. all right stay with us if you are going to be coming back to
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you in a moment but first another week another record for the corn the digital currency broke the nine thousand dollars ceiling early on sunday but growing has been on the rise for months as more and more investors take an interest in the volatile virtual currency other cryptocurrency is have also seen boosts some financial experts have been less bullish over the currency many warn a bubble could be about to bust so back over to sophie szymanski in new york then sophie how high could go and how risky is it seen as being right now . yeah well the digital currency has also benefited from the thanksgiving weekend the biggest exchange place for a bit corn year in america is corn based which is an app and they added roughly one hundred thousand new accounts around this time but i would say that the boy says who a warning the bible is about to read have never been louder these the bible tend to
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end in tears one hedge fund manager had on monday and the head of galaxy investment partners think bit corn on the other hand will have ten thousand dollars before the end of the year and run strat has a mid twenty eighteen price target of eleven thousand five hundred dollars and nearly double what it was in mid august this year the concept of currency has not changed in the long time so as the rise of a crypto currency is unprecedented and the us couldn't disagree more on bitcoin pretty hard to know when to hold them and when to fold of so few months almost straight thanks a lot. the founder of the bankrupt european drugstore chain schleck a has been let off lightly but know his kids are a fraud trial and like his collapse company has wrapped up a german court sentencing the seventy three year old tycoon to two years suspended sentence for embezzlement but two year prison terms for his children lost and micah
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. the schleck a brand is well known across europe the company's peek operated fourteen thousand stores in thirteen european countries. a portrait of a self-made german multimillionaire hung in every branch of what was once one of the biggest family dynasties in germany. now courts in stuttgart has given the businessman a suspended prison sentence of two years and his children lars and micah slicko go straight behind bars for nearly three years it comes down to the money once it became clear to the his company would go bankrupt him moved around sixty million euros in the company money that the court says belonged to the drugstore chains creditors some of that money went to a logistics company that belonged to his children they siphon millions from the logistics company before declared bankruptcy but angelica got a lighter sentence. that's because like his fraud didn't amount to as much
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financial damage as his children's their fraud cause damages worth six point one million euros in total so they were given longer sentences than their father. the bankruptcy rocked germany because over twenty five thousand low skilled workers were left without jobs as investment declined and the stores became rundown only desperate customers which shop there. that's hit you up today with the latest from of the world of business more find us on facebook follow us on twitter business is alan handle on there as well as a missing humphrey mine seen using. your
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children like chocolate. without your smartphone. or to a job. market. as we go about our daily lives she would write songs from the last one might. be
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able him. in the twenty first century starting december second song to double. their black and living in germany. she is reminded what that means on a daily basis a presenter like this not being able to blend in and. they can holler to a group and be you know different than the rans. she travelled across germany to meet other black people and to hear their stories. it seems as. i grew up in a white family in a white neighborhood it was definitely a challenge. she decided to put me up for adoption. the main thing was to keep your head down the conveyor mouth shut of course of the face like this i could never completely disappear if you see all these stereotypes.

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