dress flocked to the gabba stadium in brisbane to watch the action unfold the good hearted cheer hides the fact that australia and holders england will battle over five sets to win the smallest trophy in sports. competition was first played way back in eighty two than just rules who were probably stricter back then . at least they're making an effort all right you're watching the every news cell ahead. ever some god returns of the tears involved way what must he do to turn around the country's faltering economy more from business later on in the show. plus a last night's the champions league actionable half the highlights. when

i'm traveling to be comfortable. but i also want to stay up to date on the latest news events. and d.-w. makes that part of traveling easy just because it's available and thousands of hotels resorts and cruise ships worldwide. where have you found a domain sign on this a picture that shows d. w. in your room you could win a prize or two d. w. dot com travel quiz. at the. in zimbabwe robert mugabe's resignation has cast

a poll that the country into a new era on friday its new leader will be sworn in he's promised a new democracy but can he over hold its economy. also coming up feeling the heat to some trip reports better than expected earnings but continues to face flak or its controversial budget plans leading to job losses. and the inside story. trisha and environmentally friendly greedy that a couple of days but it will soon be winding its way into your dinner. this is your business update on how to have free embodied thanks for joining me. with the end of robert mugabe's presidency comes hope for a better livelihood for many zimbabweans the i.m.f. said this in ball boy has made its credits are raised with the institution but any financing in the future requires more reforms in the country. zimbabwe has being greedy and for economic growth planned for resources solid public infrastructure

and plenty of human capital but on the mugabe the country's economy took a detour from its stubborn african 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 fit the country into extreme need things began to improve in two thousand and nine after zimbabwe abandoned its local currency from outside currency regime the economy 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 notes the government faces difficult questions once the cheering subsides can it bring back a local currency can it solve

a liquidity crunch economists say the structure for zimbabwe's success is there now the question is whether the leadership will be. so i asked correspondent you know that line and you covered zimbabwe for a decade what area of the economy is the most action. areas of origin actions of men fall he has to a jury install. the national banks he has to make sure that the rule of law is back at least will be restored in a way he has to make sure that there is a kind of reengagement and with other countries he has to make sure that people do trust him and that people believe that the bill be a free fair and credible election next year so there's lots to do it's not only the financial sector well he has to also try to at least give the impression that this is now a new policy in zimbabwe we're going to see and not the old zanu p.f. policies of fear and intimidation let's just go back to the financials then but

because it is involved way urgently needs the cash injection has been barred from borrowing since that day felt it in one thousand nine hundred nine can we expect a return to international markets now when i think there is a chance well the it's vital for zimbabwe to start or to get that financial injection then bob is beg i'm spec'd to the international community now it's a pariah state and no international rest of the really come into the country and invest lots of money in it and the only possibility for zimbabwe is to convince the economies of the world and the possible investors of the world that it's an interesting place to invest to and that there will be returned investment soon yangon and langen thank you very much for your insights thank you. now german industrial a giant trust and compass had a solid financial year but the much of it still the vision with its indian competitive tata means workers here in germany for heavy job losses. things are

looking good for german steel giant too soon corporate earnings are up losses are down mostly thanks to its booming steel business but the company's c.e.o. has warned employees that a merger is on the horizon isn't we're totally convinced that a merger with tata steel is the best or teaching option for our company staff and shareholders. and he had this message for workers already has to come to an agreement with employees. that will be difficult for months to some club staff have taken to the streets to protest the merger they're afraid for their jobs and voice within a merged company the new steel operations will be based in the netherlands. in holland with us wonders in the netherlands are not allowed to sit on supervisory boards so. that means employed participation is much lower there than in germany is

complete the union also fears for the industry in germany that's because the new joint venture would start out burdened by a huge mountain of debt it's an unsustainable situation they say but the board disagrees he's a strong venture. it's totally sustainable that's why we're doing it and even if the steel business our innings weren't sufficient in terms of capital they were always positive. i'm absolutely certain that we'll be able to create a sustainable joint venture is sean financial it was supposed to be set up in twenty eighteen but a dark cloud has hung over talks between to sync up management and workers some still believe that the merger is destined to fail. as the market reaction let's bring in our financial correspondent caught it out of prison conrad negotiating this was a grueling eighteen month endeavor it faces face opposition by union representatives

who say though voted down what investors make of that. you know helen the people on the markets are quite aware that the power in the supervisory board of this and complies with the capital side even if the unions the workers representatives in the board voted unanimously against a merger the representatives of the shareholder would have a majority and even if it's not likely that the c.e.o. will choose such a confrontational approach homeless using a has a lot of points to is argument he says that without the merger the cuts at the stinger section would be even worse so it's quite likely that some sort of compromise will be found at least shareholders are betting on it shares in two thousand coupe today where the biggest tax gain as well money talks and on that point the steel market has recovered in recent months so is downsizing in this particular segment the right strategy. you know that doesn't make the

capacities go away the pick up in demand has done little to change that overcapacity is in the european steel sector estimated to be between sixteen to twenty percent that means the steel makers have operations running workers employed who are able to produce sixteen to twenty percent more than what the manufacturing sector actually needs kind of out of prison in a frank thanks for that. all right our next story for you is about the buffalo one a protein rich beetle larva which is used in animal feed in cosmetics now a dutch company breeding the buffalo worm on a big scale has found another use for it in a hamburger bun. but 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 loving student taste in the box burger for us. to drive this nice flavor and i would definitely think i would recommend it to my

friends. the main ingredient in via is 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. and 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 eat in six. there's an ingredient in 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 barry shergill set up their bug foundation in twenty fourteen with only ten thousand euros venture capital they spent over a year developing their burger patties the ground buffalo worms are mixed with peas water and a secret spice mixture. you know the same time we're hoping will become a model for other countries for instance in developing countries 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 the exotic delicacy judge between twelve and seventeen year olds for the pleasure. my have to pass the holiday season is just beginning christmas decorations have already gone up at moscow's not sure department store on that unusual gifts this holiday season a christmas it seemed isn't just about wild pace no guns offering a ministry theme to set and decorations that includes ornaments painted with the machinery of war they say though there's a whole goes for two thousand rubles that he quit and the thirty five dollars on usual received a mixed reaction from sophisticated as a go. stay with the latest from the world all business that will find us on

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question in german politics now is how stable is the country following the dramatic breakdown coalition told will that be fresh election. and how dangerous is the crisis for chancellor angela merkel find our own country. quadriga next. make your support t.v. smarter with a d w force more of. what you want when you want it up to date extraordinary in depth you decide what's on sunday morning. done come smart be. sure children like chocolate.

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