after falling in tr been watching a it defied exctio a re to 107.2 points in december, and isoonnug in the coming months. the mood in the german economy is improving. the construction booming at a time of year which usualls aul all-in-all, business leaders are or optimism t than recent months. t dtrisis to cold in the eurozone, the iexecne four months in a row. not until november did mood turnaround. it this optimismexecutives is gh predictions oumerous economists. several institutes are expecting a recession n yr. with doubts still hanging over the euro darusmes ordering deeperri cuts, cora.erman exports are likely t for now, domestic demand is
unfettered by such concerns germans seem willing t to spd their money. oynton down. wages are rising. many people are looking on the igid >> withescoce optimism has also returned to the trading floor. l's wp up the day's action >> iinly dfent picture on the trading board on therafu floor. the dax was surging. the mood was vergo. positiveusess confidence and the most important message for trer t comnireor optimistic for the future. ana ve successful bond auction of spain. but it was notoo day of sharehololders of thisompany. at disappointed traders and put pressure on the share price >> that was dorothy holes in frankfurt. thepanish bond sale was a huge
ccess, aartsee to trust and the new government's ability to carry out the necessary austerity measures. spain managed to s.4 billion euros of government bonds, an average yield of less than 2%. last month, they h had t pay the's d mo. yields fell at that -- as the ec berere tstart offering banks a limited three-year loans later this week. germany's business c confince in the spanish bond sale gave shares a boost tuesday. let's have a closer look it's a market numbers now. the blue-chip dax closed the day up by more than 3%. the euro stoxx 50lsup b 2.7%, positive territory. the dow jonones industrials stil going strong, up by 2.79%. the euro is tracing for1.307. 6 t eopn mmsier has approved a plan to wind down
troubled german lender west lb. the plan has taken two yearso put in place. the state-bank -- the state back the bankill stop offering new services on june 30 next year. its corectivities involving the servicing of german savings banks will be contitinued by a smaller institution. all remaining assetsnd liabilities will be sold or wound down by an agency funded by thehe german government. west lb close to collapseur the 2008 financial crisis. u.s. mobile phone provir at&t is droppingts $39 billion bid to buy smaller wireless provider t-mobile usa. the deal was broken off under presrero anti-trust regulators. that raised concerns that the takeover wouldld increase price, reduce innovation, and give customers yourur choices. deutsche telekom. >> at&t was willing to p a
mu as $39 billion to acquire t-mobile usa. the deal would have made it the biggest cell phone operator in amic that position is currently held by verizon wireless, wch controls 31% of the market there. &t holds a 27% share. sprint nextelas the third largt customer base. t-mobiles nu fr ithe u.s. with 9% of the market. the u.s. justi department was the first to raise objections to the buyout, quickly followe by anti-trust regulators. they said the merger would leave too little competition in the cell phone sector, and that, eyeald only lead to high prices. with the deal's collapse, atat&t telecom $3 billion in compensation peart doublthe spd of the american company also signed up to provide a wide range of roaming services, and now itlshato hand t- mobile usa a large bundle of
wireless frequencies. >> thank you forha the death toll from flash floods in the southern philippinines h grown to nearly 1000. in tighter regions onn one islad are under w waternd sludge. president akinono has now declad ste of national disaster, which local authorities gain quick access to recovery fund. aiaid woers are appealing for boled rs blankets,s, tents, and clothing for the thousands gagather -- credit in shelters. >> tseenre crely hundreds of people were killedy. by the flash floodss tha struck at the weekend. many bodies cannot be identitified, but the must be buri fats, because they hav began to decompose. the local mayor said there would be no mass graves and defended the makeshift tombs. >> this i what we're currently
doing for the unidentifified bodies. it is not really a burial per se, but we're just deposositin the bodies in place for the do not threaten public health. we can stand identified d bodi to a permanent resng place if the family agrees. >> authorities are using dna samples and fingerprints to help identify the bodies, and thus, help relatives in the grieving process. the country's president visited an evacuation centerr in a town also hit by the storms. he has facedriticism about being slow to act in the wake of the devastating floods. >> french media say 30,000 women in the country may be advised to have their breast implants removed. the warning comes amid fears that the implants could cause seriouous health problems. eight cases of cancer have been reported by women who received
implants made by a company called p.i.p. the firm was found to have used a set standard type of silicone that increase the risk of tierg. the implants were also sold in overseas markets. thousands of people turned out in the belgian city of liege for a ceremony to remember those killed and wounded in the last -- the gun attack last week. operators are still looking for clues as to why the attacker, who was convicted criminal out on parole, ununleasd that rampage that killed four peoplpe >> there were n no speeches,ust a trumpet solo and silence. somber and d dignied memorial service for the victims 0. residents, police, and rescue workers responded to the attack, and members of the royal family were on hand to offer comfort to those who lost friends and family members.
exactly one week ago, terror filled liege as a 33-room man armed with guns and grenades started shooting a passersby before killing himself. police still did not know exactly what motivated the attacker. he had tasted -- a history of drugs and weapons offenses. the attack has prompted many belgians to question the country's gun laws and sentencing policies. >> it will not help. these people do not buy weapons in a shop. the change the law, it will of the people who have nothing to do with crime, like hunters, sportsmen, or collectors. use an assembly line man like this to go free. he was sentenced. why was he not -- why was he allowed out prematurely? he is a monster. >> slowly, the process the deeds of the man who terrorized liege. >> back here in germany,
president christian wulff is facing fresh allegations that he benefited privately from public office. a new report has emerged that a wealthy supporter paiaid for advertising for a book of interviews with christian wulff that held in his reelection as a state premier in 2008. opposition party leaders are demanding answers from the man who was supposed to serve as a sort of moral compass for the nation. >> how long can the president cesar by headlines like these? that is the question in germany's biggest tabloid this morning. together with new revelations about christian wulff's ties to wealthy friends. the paper says businessman carsten maschmeyer, seen here, funded an aunt -- an ad campaign for a book by christian wulff. because, 40,000 euros. carsten maschmeyer said christian wulff did not know about the idea, but the opposition is asking questions. >> that is at least some clarity that we're getting bit by bit.
the question is, is that everything? >> the new revelations come just as the president is fending off allegations over half million euro home loan that he got from other friends. his lawyers are opting for transparency. they have been inviting reporters to inspect files relating to the deal. angela merkel is also feeling the pressure. the she stirred christian wulff into office last year. >> the president is doing an excellent job. he will present a clear of the questions that have been raised. >> christian wulff himself has been continuing with his -- with his engagements and insists he will not be standing down. it seems the public is behind him. a new poll says 70% believe he should staon as president. >> for more, we talk to our chief political correspondent built -- melinda crane and asked how much damage has been done to christian wulff's presidency. >> this unquestionably has done
damage. the allegations add up to a picture of a politician who made themselves susceptible to the influence of the rich and powerful. that would be problematic for any politician, but it is pretty clearly grievous for the presidency. in germany, as he said, it is a moral compass. germans look to their president to provide moral inspiration, sometimes of a correction, for instance, the speeches that he will be giving a speech at christmas, president wulff feared many members of the press are questioning whether he still has the credibility and integrity that germans want from their president. >> melinda crane speaking to us earlier. an image shot at a garbage dump in ghana has been chosen as the unicef photo of the year. e-waste in ghana is the title of the photograph. the honor was accepted from the berlin.first lady here inn stay tuned for "in depth" coming
the world who go hungry. ♪ >> welcome back. we continue our broadcast with the spirit of giving and what this means for the german economy. despite tough economic times and gloomy growth forecasts across the eurozone, and germans are out in strong numbers this holiday season, digging deep into their pockets and purchasing plenty of gifts for their loved ones. according to the numbers of two closely watched economic surveys here in the country, a german business and consumer cfidence is up and ended on a high note this year. of course this is good news, but in terms of actual shopping, that also means crowds of the department stores. those are likely to be bigger. one way to avoid that, however, is by checking out deals online. >> christmas is coming, and net cautious still does not have a
present for her mother. -- and this woman does not have to present. she is looking online for the perfect gift. she visits a site that a friend recommended. >> all right comic gifts for every occasion. ah, christmas gifts. that is a good start. what do we have here? chocolate's, a personalized book. >> she thinks that could be just the thing for her mother, a personalized book. literature taylor to the gift recipient, and it is not too expensive. but the big question remains. will it arrive in time for christmas? that is not an issue for these christmas shoppers at a central berlin department store. for some people, braving the crowds as part of the festive fun. a german retail association member says sales figures have not been affected by the global
financial crisis. >> retailers in germany have just enjoy their strongest nine months ever. that means consumer confidence is high. >> in berlin and elsewhere, german shoppers seem unfazed by doubts of the future of the euro. some foreign newspapers are even talking about a new mood and an end to germany annexed. >> the labor market is in good shape at the moment, and that means people are more willing to spend their money. or to splurge on some special. yes, we can see that german consumers are not worried right now. >> but are germans really that laid-back? some say the real reason they're suddenly willing to part with their cash is because they are worried about the currency and want to have something to say it -- to show for it if the euro plummets. >> we're seeing a preference among consumers for putting their money into real assets, if
you like. but that is not an option for most germans. of course consumers are aware of what is happening to europe and to the euro. in the decision the politicians make at this time will certainly affect consumer confidence. >> natasha has confidence in internet shopping, and she made the right decision. the book for her mother arrived punctually and in time for christmas. >> package for you. >> it is here. thank you. >> merry christmas. >> you, too. >> germans are counting their blessings this christmas and hoping that the future will continue to be as bright as the present. economists from the gfk research institute said that the german economy does seem to be successfully countering the downturn in western europe. german companies are operating above average capacity. the labor market is very robust. the jobless rate continues to
fall. but with exports beginning to slip, a german economic growth for 2012 has been cut from 3% to 0.6%. we talked to a maker of chocolate santas who is already seeing a drop in orders for next year. >> these chocolate santas look at confident of finding themselves in somebody's stocking this season. it has been a good year for this traditional chocolate maker. in the festive season looks set to round things out nicely. the factory store is doing a trade. but the ceo is not just basking in his suite success, as customers are getting into the christmas spirit, he already has the easter bunny on his mind. >> we have been nine easter mode for a while now. we start producing for easter the first week in november appear the same as the christmas tree. retailers on the goods by mid august and early as the timber.
right after new year, they start thinking about their easter decorations. >> easter, even though christmas is just around the corner. they have to plan ahead to deliver the right chocolate figures at the right time of year. news that the coming easter season could be tough has already reached the shop floor. >> easter orders are a bit down compared to last year. i guess that has to do with the euro crisis. it is made a difference. we were producing a lot more last year. >> easter 2012, the factory is expecting lower sales. but it is trying to counter that trend of new products and new flavors. the boss believes customers on quality rather than quantity. >> sunflower seeds. >> sunflower seeds are no problem for people with allergies. >> but however exotic the new
range maybe, it will still be based on the main ingredients, chocolate and sugar. the price of cocoa on the world's markets has gone down. but now, sugar is at a 30-year high. >> sugar is making our lives difficult at the moment. there is a shortage, and the prices have risen 50% to 57% compared to last year. >> the company could pass on the price hike to its customers, but competition is stiff, they know that could impact negatively on sales. easter 2012 could be a tough time for chocolate confectioners, but until then, there is still lots of christmas sales to look forward to. >> and buying all of this christmas gifts is also essential to economic health, and the gfk says private consumption is may play a vital
role of ensuring that germany does not fall into recession. domestic consumption will becoming increasingly important as the future remains uncertain that when it becomes demand for german exports. we went out to look at the state of consumption and giving in germany this holiday season. this is what we found out. ♪ >> we grownups are now giving each other anything, because it can get out of hand. but the kids can get presents. >> something to wear sounds good for my grandchild or something electrical. >> we're looking for gifts for my kids, grandkids. granma and granddad, so everybody's happy at christmas. ♪ >> we're spending a bit less
this year. i think about 50 euros per child, that is enough. >> there will be no crisis on our christmas dinner table. >> 20 years, 30 years tops. but finding very nice, i might spend more. ♪ >> you cannot have christmas without presence. the whole festive atmosphere is something special. >> the tradition is really about giving. it is not so much what you give. it is that you do give. >> it is just a moment in the christmas day. my favorite part about christmas is food. ♪ >> and a good luck to you with that last bit of christmas shopping. with that, we wrap up the" at
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