Members or for religions for peace from the middle east or demanding a larger want a young man. In the female peacemakers stores where we fish g. W. 2020 looks like itll be a happy new year at least for the alms business us weapons suppliers can look forward to big orders as to cause it increases its defense spending budget. Also coming up Russia Ukraine i think European Union agreed on a new gas deal. In hong kong retailers bear the brunt of the months long prodemocracy protests as consumers feel less inclined to go out thing straight. Mexicos levels makers are in high demand as business for the christmas ornaments is to make. Them want to get jones and business asia lie from berlin. Tokyo has approved an 8 straight a annual increase in defense spending to counter the military build ups in north korea and in china u. S. Defense contractors can look forwards to get a sizable piece of the action u. S. Presence donald trump already sunk to japan for buying the u. S. Equipment. Japans constitution prohibits it from buying offensive weapons still the island nation is one of the worlds top customers for arms and Weapons Systems as more and more funds are devoted towards the fence japans Defense Budget has jumped nearly 15 percent in less than a decade and now Prime Minister shinzo obvious government wants to boost it by over one percent to 48600000000. 00 thats a record expenditure but the government says it will be spent carefully on their way through congo and we need to enhance our defense capability to handle the security environment at the same time we also need to have appropriate control over the defense expenditure so we will strive to make it more efficient you know blue to be blue in. Japans growing Defense Budget is a boon for american arms makers tokio buys weapons almost exclusively from the United States last Year American arms imports were valued at 675000000. 00. Its a deal in principle and one that will have many people feel relieved after hours of discussions Russia Ukraine and the European Union of reached a tentative gas deal that will go into effect on the 1st of january 2020 the deal was brokered right here in berlin and heres what we know about it. These pipes are front and center of a geopolitical crisis north stream 2 percents a new undersea route for russia to deliver gas to the e. U. Bypassing its neighbor ukraine in the midst of a conflict that started with russias annexation of crimea in 2014 whats at stake for ukraine up to 3000000000. 00 in transit fees for gas coming from the orange gas field in western siberia it flows through the brotherhood pipeline crossing ukraine into slovakia for further distribution within the e. U. With the introduction of the north stream pipeline in 2011 much of the russian gas delivered to the e. U. Had a new route and north stream 2 will double the capacity leaving ukraine to worry not only about a major source of income but also its own demand ukraine depends on gas from russia but moscow has weaponized its supplies in the past turning off the spigot repeatedly in the 1990 s. Russian president Vladimir Putin says similar action is no longer plan if. We are not going to sign any kind of contract with ukraine in order to stop gas translator no we are interested in this gas transit we are ukraine we want it its a convenient route incidentally the ukrainian route is longer than the route along the baltic sea it is longer and more expensive for us but nevertheless this route is worked out to central and Southern Europe its good and were ready to keep it going through with. The next hurdle awaits north stream 2 before the weekend u. S. President trump is expected to impose sanctions on Companies Involved in the construction of the pipeline the u. S. Tries to limit russian gas supplies to europe and instead sell its own natural gas to their allies. Correspondent. David stern in kiev and i asked him whether ukrainians trust the word of the russian president. Well i guess you could say they dont really trust him very much but if the deal is signed it obviously will be a positive step forward in the relations between these 2 countries we are now in the 6th year more than 5 years russia and ukraine have been at odds. Russia annexed crimea back in 2014 and then russian supported forces have been fighting Ukrainian Forces in the east of the country and more than 13000 people have died there the relations between the 2 countries obviously because of that and. Further worsened we also have the case that gazprom some 3000000000. 00 to ukraine over odets according to the Stockholm Arbitration Court so you could say that trust in the russians isnt great at the moment but obviously if this deal is in is confirmed were waiting here they say theyve reached it in principle then this will be something that can be possibly built on to improve them in the future and i was david stern reporting from kiev lets take a look now at some of the other business stories making news around the world. Frances Competition Authority has fined google 150000000 euros for anticompetitive behavior and for having unclear advertising on the google ads page European Countries have stepped up scrutiny of major u. S. Take companies and September Google agreed to pay nearly 1000000000 euros to french authorities to settle a fraud probe. German workers have more money in their pockets according to the German Statistics Office in the 3rd quarter of this year gross incomes rose by 3. 4 percent compared to the same period last year prices on consumer goods have only gone up 1. 5 percent even workers with more cash. In australia said record has up held a record breaking 77400000 euro fine imposed on german carmaker folks astray and Authorities Say v. W. Deceived customers and breached emission standards in a case linked to the diesel emissions scandal. The British Central Bank will soon have a new governor his name is Andrew Bailey and hell take over from mark carney in march 2020. In the past as the Deputy Governor of the bank of england he is currently serving as the head of the financial conduct of foreign t which cracks down on misconduct in the finance industry britain has delayed the appointment to due to brics it which will have a huge impact on the workings of the central bank. And the world banks China Economic update for december shows that growth there continues to be moderate but will begin to slow next year linda says china is on target to grow by 6 point one percent this year which is unchanged from its prediction in october the rate of growth is expected to drop to 5. 29 percent for next year though the World Bank Says short term risks remain and spite of the recent cooling and chinas trade war with the United States. Hong kong was formally a shop till you drop paradise but its once mighty Retail Sectors facing a gloomy christmas the Retail Association says over 10 percent of the territories retailers thousands of shops could close in the next 6 months and that Economic Uncertainty because of the democracy protests. Hong kong is legendary for a shopping but these scenes of mayhem in a hong kong Shopping Mall just days before Christmas Show why there is little festive cheer for the territorys retailers this year but. Protesters are taking aim at hong kongs key Retail Sector to press home their demands for democracy but district elections last month showed strong support for protests but the demonstrators have disrupted christmas shoppers and clashed with police. And uncertainty about hong kongs future means that the mood among those who do venture out to places like times square is bleak. For the wristband less than before because they were during the era of a situation so i think some of the worst not such as christmas was to go by and if it is not safe to go out and yes and not happy at all we are not very in the mood to. Hong kong this is a really hard moment yet. Pacific place is normally packed with bargain hungry consumers from Mainland China and local buyers getting ready for christmas much of the protesters im sure has been focused on chinas increasing influence in hong kong and mainlanders are staying away. Retail sales fell 25 percent in october the steepest drop on record christmas sales are expected to hit fresh record lows retailers are worried about their future. 7000. 00 shops out of 64000. 00 in the Asian Financial hub could be forced to close down in the next 6 months. And the other year tourists would pack out the star ferry to crowd the shopping magners a shot story across hong kong harbor but this yuletide the mood is music. With a wave of closures looming hong kongs retailers fear the writing is on the wall. Its big season for all those who make a living from christmas especially in one small town in the south of mexico take a look. Its starting to look a lot like christmas and. The town in central mexico is known for its Christmas Tree ornaments especially glass balls. Each spear is blown after being heated up to 750. 00 degrees celsius. Then comes the color its all done by hand in contrast to the cheaper chinese competition. But just look at that look i was here and. These bubbles are very important to us in that way that you know i think that about 6070 percent of the population works in this sector. And you could say its the basis of the economy for the people you love us a liquid on the other. The handicraft began to take off in the 1960 s. On a small scale it 1st now the business of boggles provides around 10000 jobs and has made this town wealthy and widely known. Quantity only that it must have their beautiful. Faces and they come at a good price considering that theyre handmade by an artist and. You wont find them in just any old shopping center. And the variety is really impressive youll never get tired of all that beauty and that is that what happened. If. 50000000. 00 Christmas Tree ornaments are produced in cloud cuckoo what every year according to the mexican economy the street half of the balls are exported many of them adorned with the famous face that of mexican painter frida kahlo. But thats all for business as a show for me in the team in berlin thanks for watching. The sun. The 1st 6 months to a spectacular. Plenty of emotion. 6 past came to a next. Every journey begins with the 1st step and every language the 1st word courage to me. Is in germany to learn german one. Simple online on your. Mobile and free to sell a w z learning course nikos fake german made easy