As india the aim is to counter the negative effects of the ongoing us china trade dispute. French luxury goods giant a. V. M. A. China has clinched the takeover of u. S. Jeweler to fany the takeover is a win for both Companies Many analysts say tiffany has been trailing rivals in sales growth in recent years and the mh hopes to deal the deal will boost its presence in the United States the mh is owned by francis richest man on the its Fashion Division includes prestigious brands like of it all christiane the or and cancel its watches and jewelry section comprises buggery and tag hoyer the image is also represented in wines and spirits by way sean draw and is also active in the Hotel Business the 16200000000. 00 deal will be mages biggest acquisition to date. A luxury brand as american as skyscrapers now to be taken over by l b m h a luxury group so european that most people have trouble pronouncing its full name u. S. Jeweler tiffany is one of americas few Luxury Brands its a bit old fashion and is looking to gain some credibility with a new generation of customers. Paris based l d and h. Believes it is just the owner to manage the transformation it owns a portfolio of 75. 00 fashion houses and upmarket brands it tightly controlled the image and distribution of a range of products to keep them profitable and aspirational l. V. And had revenues of nearly 48000000000 euros last year most of it from its leather and Fashion Division with brands like louis vitol and the your its Luxury Department store holdings are nearly as big tiffany will fit into its watches and Jewelry Division currently one of its smaller units. The mh says acquiring tiffany will transform its jewelry business and strengthen its presence in the United States as luxury shoppers in asia are hit by the global slowdown. Tiffany. Marriage made in heaven. Standing by. Whats the whats the tell us about the states. History. I think the luxury because industry is suffering along with a lot of other industries from the waning World Economy and from all that uncertainty that is out there and that shows in the numbers tiffanys for example recording less spending by Chinese Tourists visiting new york city also many stores that i know here in frankfurt that sell Luxury Brands we also have a tiffany in frankfurt here for example there are also heavily depended on spending by foreign tourists. A marriage made in heaven i dont know usually a marriage you can only determine that once its been there a few years its certainly a marriage of necessity if you look at tiffanys fate within the past few years and i think i know the head of. The h. Will depend on his business acura men to bring the brand up to speed hes known for toughness is known for unsentimentally slashing jobs might be tough for those tiffany people ive been in the tiffany store myself in new york he wont want to touch that it really is an icon you get kind of a special feeling when you walk in the door not least because of that famous movie. And the thank you very much leave all the parts in frankfurt that. Now we have some other Global Business stories for you that are making headlines today has been refused a new license to operate in london transport regulators say their decision is based on safety concerns the right hated service has faced allegations allegations its been putting passengers at risk as well as opposition from drivers of the iconic london taxis. Tesla has received nearly 150000 orders for its new electric pickup truck is parked in a paris thing launched last week the much hyped unveiling went off script of the cyber trucks windows splinted twice despite you know musk bragging about the strength of the glass his laws share prize fell 6 percent after the launch. Amazon is opening a pop up store on chinese ecommerce platform indoor door it will offer around 1000 overseas products i was in a struggle to get a foothold in the worlds 2nd largest economy it closed its marketplace there in the july ecommerce in china is dominated by homegrown players are they bob and j. D. Called. More than 100 people died in protests against fuel price hikes across iran according to Amnesty International iranian Authorities Say about a 1000 demonstrators were arrested tehran restores the internet after a week long government shut down this trail off the countrys crisis becomes visible for iranian business its time to take stock of pick up the pieces. The iranian government says 450 Bank Branches were destroyed in protests that hit more than 100 towns and cities with damage amounting to 700000000 euros the rest was triggered by government imposed gasoline rationing in price hikes ordinary arena especially young people vented their anger on the street. People film the protests and sent the pictures to their friends pictures that were not shown on state television. Dorothys responded by shutting off Internet Access abroad for days iran was offline to the rest of the world. Bad for freedom of expression but also for the economy as one official admitted to do some businesses have lost profits as a result of cutting off the internet a decision will be made on compensation for their losses after the Current Situation is over. But for many iranians Living Conditions have been worsening steadily in recent years so much so that fresh protests cant be ruled out. Yet im a shitty. In terms of our livelihood our income has not changed the toll has in all. And i mean im against it our costs of tripled or quadrupled which puts people under serious pressure. Especially the working class that have brought it in a corner. People are under a lot of economic pressure. And if it continues like this it will be really hard to manage the costs of living. On what is in the event time you know has an arm out of the wall in washington. Compounding the pressure is the recent slump in the real all the government has taken measures to prop up the currency but for oil revenues are down due to punishing u. S. Sanctions its a downward spiral from which there seems to be no escape route. Lets bring in dr mohan bornstein shes with the german chambres of industry and commerce in iran youve just returned from tehran for a visit to germany has everyday life ordinary people have become unbearable now it is not unbearable because you know iranian people are very creative and very patient with regard to their situation but if you look at the figures its really hard chip right now so we have inflation rates from round about 40 percent we have currency which decreased during the last year for lets say. 2 times so we started in last year one euro for 60000000 today of your one euro 425000000 so that the currency has lost its birth and its really hard for people to. Stand their life. Does the embargo play or the regime of course says its a conspiracy from foreign foreign powers but the embargo seems to have a real effect on the average people yes now. We can say frankly the embargo works it hits the economy really hard 1st line because of. Oil which is forbidden right now so iran is not able to earn money from from its oil sales and as i tell you the inflation is going out of their currencies going down so its really for iranian people a heart. To do their living but on the other hand iranians are really creative in finding their way through told more creative you said earlier when we spoke that the iranian economy is very much dependent on the internet. And this internets. Now for 4 weeks which basically i think was designed to help quell the protests what damage has it done its a really big damage experts estimate that 61000000. 00 a day is lost iranian economy though thats really heavy and iran has a lot of you know a lot of online trait though you have more than 5000 start ups in iran very very active very life least start ups for example you have that you know everybody knows. Its called in iran snap and its working as spent as birth just so its really its really a big topic for it rain for iran. Thank you very much. And thats all from your business for now if you want more from moscow check all the websites that dot com slash business. Coming up next is the news just off to a quick look at Global Markets work now for. If theyre attacked they fight back. It seems a rather unfair fight clamps against damage to other. Commitments to america. Ill give a clue. 30 minutes. Literature invites us to see people in particular. To see how smart is the kids find the strength. To share work of finding beautiful. Books on you to. Sure. What unites. What divides. What binds the continent to play answers when stories are plunging. Why dont people. In europe on t w. N n gemini live to tell you at any time any place using names. You have to look like a Little Something to sing along to just a combo from super funds. For. Interactive exercises. Everything is online and interactive in german to frame with d. W. Plane. This is d w news law of a from a spectacular heist at one of the worlds oldest museums cvs break into the royal palace in the german city of taiz den and make off with diamonds and jewelry of immeasurable cultural value also coming on leaked documents shed light on the chinese governments mass detention of we go muslims in a network of prison camps beijing insists theyre simply voluntary reeducation centers. And hong kong has need of altitude