nineteen international and spending almost nine getting in a struggle to deal with true thousand people who have come by boat to a struggle and not as you well aware europe the number is global refugee crisis far beyond that and what you see in a strivings i small country thanks very trying to the problem massively overacting slightly violating international community and detaining fully two thousand men women and children in absolutely despicable conditions for the four years. and there was a show another young sammy from the human rights group get up speaking to us a little bit earlier in the day thanks for watching t.w. hell and i will have your business headlines coming up in just one minute.

the. big own money funny and fame. short. home life and autonomy. three careers three german d.j. superstars. adored by their fans across the world for their electrifying mindsets. into the world of france doubles and backstage parties both place where no one attain stardom just like the. superstore deejays starting november twenty fifth on the w. . at the. feeding of the heat was better than expected earnings but continues to face

flak over its controversial much of planned leading to job losses. also coming up zimbabwe's new need it will be sworn in tomorrow he's promised a new democracy but can he overhaul an economy in ruins. and the inside story on a new trisha's and environmentally friendly ingredient that a couple of dutch foodies believe will soon be wanting its way into your lunch. this is your business update on how the home for him but ed thanks. joining me. more revenue a big leap in earnings before taxes german industrial giant towson coke has had a solid financial year however there's controversy brewing management is pushing ahead on merging to some cups european steel division with out of its indian competitor tata steel c.e.o. hina husing and says the plans have quote absolute priority but as these operations

they've been contribution to a big chunk of the recent result leading may to ask why the company is now looking to merge and downsize the division. meanwhile workers here in germany fear that the merger will eliminate more jobs than the company is claiming. tousen corp forms the bedrock of german steel making but the company's planned merger with tata steel has left employees feeling like they are on shaky ground the tie up is likely to result in about two thousand job losses in germany. the issue has even sparked debate in the german parliament members of the social democrats say the government should have intervened earlier. this morning. are there it's fun clear if this merger will help secure steel production in germany and europe. it seems as if this is about shedding a profitable part. no longer of interest to the group as

a whole. steel production accounts for well over seven billion euros of income each year at towson corp steel made products like elevators are worth almost as much products made for the car industry and so-called industrial solutions are also lucrative but the biggest unit by far this material services. a merger is the company's response to overcapacity in the steel market worldwide to some cough and ta ta believe a joint venture will make them more efficient but workers feel their futures are being put on the line. and cripps chief financial officer calque often often why the company wanted to manage its european steel business with india's tata at a time when the segment is profitable and substantially contribution to overall

results. one thing one clearly has to say about steel markets if we look at the recent past i'm going forward as well it is a volatile market so you see periods of good good earnings and of worse earnings and the underlying issue of that is that we still have overcapacity in europe and in china and what we want to address with the joint venture is clearly these underlying things to make it a stronger business in europe overall and therefore more sustainable for all involved parties be of the work force be it the companies and the onus that was a good account off to encrypt chief financial officer well for more let's get the market reaction with our financial correspondent khana got a boson in frankfurt conrad let's be honest negotiating this merger was a nightmare it took eighteen months union representatives say they're going to vote it down anyway so what are investors making of that. all this really

has scared off a lot of investors in the course of this year shares in to some crude trading significantly lower than at the beginning of january and if you compare this with the german dax which has gained more than thirteen percent since the beginning of the i think it's becoming pretty clear how much. you know investors are hesitant to really believe in. a very soon materializing merger of the steel section of his group with tata steel but if you talk to analysts and if you read their reports a majority of them believe that eventually this merger will happen the pressure from the side of investors of shareholders of to some group is immense and also you know not all of the board members at his from corporate representative which represent workers represent steel workers there are for example the representatives

of the workers of the car parts maker of the elevator maker and they might eventually change their mind conrad briefly we've seen a bounce back in the steel market recently so is now the moment to downsize. you know the future is not very bright for the steel sector with all those over capacities and you know a porton client of to some croup steel the car makers for example they produce more and more in china they produce also in the united sates this is where they need the steel factories those clients of his group conrad in frankfurt thanks for that. and with the end of room and the presidency comes hope for a better livelihood for many zimbabweans the i.m.f. said that zimbabwe's cleared its credit arrears with the institution but any financing for the future requires more reforms with mugabe gone can the new leadership bring

a turnaround. zimbabwe has being greedy and for economic growth planned for resources solid public infrastructure and plenty of human capital but under mugabe the country's economy took a detour from its start in africa neighbors it began in one thousand nine hundred ninety seven when the government began seizing land from white farmers to jolt for a country that leaned on its agricultural exports the result was an economy that nearly folded in half over the next decade it was the strongest contraction of its kind during peacetime according to the world bank inflation hit five hundred billion percent poverty rate surged throwing a fifth of the country into extreme need things began to improve in two thousand and nine after zimbabwe abandoned its local currency from outside currency regime they call me has struggled again lately and inflation fears are back investors have plowed their money into stocks in recent months as the mugabe government began printing a quasi money called bond the morning god law government faces difficult questions

once the cheering subsides can it bring back a local currency can it solve a liquidity crunch i suspect that everyone knows that fixing the economy is a very very edge and giving confidence to young people without jobs giving concede bins to the investors what can with the rest of the world so that what is all good and good from anywhere in order to get our country going once again economists say the structure for zimbabwe's success is there now the question is whether the leadership will be our next story is about buffalo is a protein rich. which is used in animal feed and cosmetics as well and now a dutch company is breeding the buffalo want to follow larger scale because it's found another use for it in a hamburger bun. at first glance it looks like a normal hamburger but it's not just any old burger because half of the meat party

consists of ground up insect larvae student bureau buckle mint taste of the box burger for us. that's nice flavor and i would definitely think it would recommend it's my friends. the main ingredient in various books burger is ground buffalo worms the lover of the darkling beetle production of the insect burgers begins here in the dutch town of. the manufacturers have been breeding insects here for about forty years mainly for animal feed and the cosmetics industry but recently they've been producing more and more larvae for human consumption. nico root is plant manager of protein farm he performs regular checks on the quality of his worms. around two billion people around the world eat insects every day but it's still a big to boo in europe. i think that within five years it's

quite normal to it in six. it will be insiders in the greedy it in the world of food i think. within five years i think we all it's just a couple of times a year. the worms are a sustainable source of nutrition containing fifty percent protein. they only need a fraction of the space water and feed the breeding higher orders of animal requires . under c o two emissions are minimal. the environmental benefits were decisive for the book's bogus creators. max creamer and bearish ursule set up their foundation in twenty fourteen with only ten thousand euros venture capital they spent over a year developing their burger patties the ground buffalo worms a mixed with peas water and a secret spice mixture. that is often

a model for the same time we're hoping will become a model for other countries for instance in developing countries and where they used to eat insects and but stopped doing so in order to adopt the western lifestyle and eat beef burgers following the mcdonald's lifestyle. next year it becomes legal to sell processed insects in germany the two young businessmen hope their books burger will give them a head start on any competitors. but the woman is not exactly a cheap snack belgian and dutch restaurants which already serve up the exotic delicacy between twelve and seventeen year olds for the pleasure. not have had my lunch already that's what you're up to date with the latest from the world old business for more find us on facebook follow us on twitter but you on the school business is a handle on there as well had an essay humphrey is mine thanks for your company right now he's at the world markets in the next hour.

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