i'm motor racing champion nicky lauder has been drownded the caddy is insolvent often with towns out drop to take up a bed leaving passengers stranded or with bloodlust tickets. that's event visiting from the business says could be with you shortly it was indeed the news do remember there's lots more on our website which you can check out anytime anywhere that's dot com but right now is it understanding by he's coming up shortly with the business. migration and asylum seekers remain hot topics in europe but european politicians travel to provide counselors a lot of times who fled white folks might come to europe and the refugee crisis incites outlooks on them because the cops this week on d.w.

. images from an isolated country. images from north korea or any telling photographer captured fascinating shots of everyday life in a regimented society. an exclusive peek behind one of the last iron curtain is. a north korean diary starting december twenty eighth on t w. on hold the e.c.b. leaves its key interest rates unchanged while the u.s. economy looks so good that the fed raises rates for the third time this year policy to widen. the world trade organizations ministerial conference ends in discord its

chief calling for some global soul searching. and holiday chaos for thousands of stranded passengers low cost european carey and nicki collapses who rescued the airline and all its customers. also ahead on the show tackling malaria with tech ugandan innovators come up with a digital blood free device in africa's fight against the spreading disease i've been physical and that's the business side of relief in the markets no surprises no rates rise the european central bank has held its last big meeting of the year it's left its benchmark refinancing rate at an historic low of zero percent and it will stay that way for an extended period of time well past the horizon of its net asset purchases and the rate setting council plans to continue its bond buying program at thirty billion euros a month from january until at least the end of september the us federal reserve has

pushed the benchmark rate to between one and a quarter and one and a half percent the move seen as a vote of confidence in the economy the central bank expects the jobs market and economy to strengthen further and predicts three more rate rises next year let's go over to daniel cope our financial correspondent in frankfurt dan you're following things there closely details trickling in what's your judgment good news or bad news. well pretty much it is the news that was expected here by investors nobody here at the frankfurt stock exchange was believing that mario draghi would be announcing high interest rates today also we are also getting word that there also is not going to be any kind of change of the bond purchasing program we remember that during the last e.c.b. a meeting taking place a few months ago this bond purchasing program was reduced from sixty billion euros

amounts to just thirty billion euros a month i was just actually just looking outside at the blue chip index the x. after this news that has been going down a little bit but pretty much it's everything it's the news that everybody was expecting here ben and we're hearing for the e.c.b. that the right to go to stay there for an extended period of time well beyond the horizon of its net asset purchases it all sounds very. very distant yeah very distant indeed i mean we know that the bomb purchasing program is extended until fall next year this would be the earliest time we could see higher interest rates but many here also at the trading floor are thinking that the first time we really might see high interest rate could be in two thousand and nineteen and two thousand and nineteen mario draghi will also retire so this could be kind of his last job on the job at the end to announce higher interest rates for the

eurozone bam do you cope thanks for your analysis the update there from frankfurt the meeting of the world trade organization in buenos aires has ended in discord the three day summit of world trade ministers failing to solve any of the most pressing issues during strong rebuke from trade chiefs from europe the u.s. and south africa in light of the lack of progress the w t o's director general called on the body to do some soul searching. no agreement on agricultural reforms no agreement on scrapping subsidies that supports illegal fishing no agreement even on a joint closing statement there was some lip service paid to the importance of the day. but ultimately for director general roberto azevedo the words help little waste what is disappointing is that this support that's not translates into action if we really all support that which you if we really do we have to bear in mind

that multilateralism doesn't mean that we get what we want it means that we get what is possible it's not comparable to expect multilateralism to work and at the same time expect to walk out with everything you want to. speaking of walking out earlier in the week u.s. trade representative robert light's hisor accuse the w t o of losing its focus on trade and becoming a little patient centered organization he then proceeded to leave the meeting early . on the streets outside thousands of demonstrators marched to protest against what they see as the effects of multi-lateralism greater inequality and weaker workers' rights with their representatives unable to reach any meaningful consensus their conviction that globalization has failed is only likely to strengthen. now to

a mega deal in the entertainment industry in news just coming in disney is to spend fifty billion dollars to acquire a large part of twenty first century fox the deal will see disney takeover focus film and t.v. studios as well as cable and international t.v. operations before the buyout twenty first century fox will separate it's broken work and stations into a new listed company that will be spun off to shareholders. says entertainment companies struggle to with online services disney is hoping the addition of fox's assets will help promote its streaming services. german carriers are mounting a joint rescue for stranded passengers of the and so for the airline nicky is a subsidiary of bankrupt air berlin lufthansa was going to bite but was blocked by competition authorities the austrian based low cost holiday carrier has collapsed.

it was anything but chaotic day most of me he's passing just simply stayed away the holiday airlines flights have been grounded the company is at rock bottom but the still hope that someone could step in. someone like nicky perhaps the film a racing driver who founded mickey and then sold it. i'm still interested in nick it's important to secure jobs and i want to fly with mickey again but it's more complicated now because we're looking at insolvency again. nikky has one thousand employees and up to ten thousand frustrated passengers with the worthless tickets the austrian government is considering offering the airline a bridging loan. i think we should tell them it's what we need to work out how that will look exactly and what it will really maimed. aviation giant offered to buy nicky following abear means insolvency with its plans with them blocked by the

european competition also righties the german government has given abilene a bridging loan to the tune of one hundred fifty million euros and so if no new bidder can be found for nicky german taxpayers could be hit haunt. aviation reporter doubts whether niki lauda is interested explaining to detail the why no one really wants to buy the airline it's actually a fairly small asset and the question is it was supposed it was regarded at first as like the crown jewel of the former assets but now it turns out it might be more like a hollow shell work in name only and a thousand employees it actually doesn't all very many aircraft anymore they're already shifted around. given back even or transferred to your wings even so it's not totally clear besides the name what this small hole in really consists of at the moment so that's why the interest hasn't been overwhelming so far since yesterday. the world health organization says malaria killed four hundred forty

five thousand people last year many of them in africa a group of innovators in uganda has developed a new bloodless device to test for the disease they're among the confident vibrant young population creating digital solutions to. reports. this team in uganda is cuppy to come paula is on the move with technology the trio has developed a kit called much above with the name of testing for malaria without drawing blood from a patient. when a person is infected in malaria plus more them affect the physical and chemical composition of so using late contrarian momentum we are able to count for those properties and the changes to whether you have malaria on so practice when you went to a hospital when you're sick you know for the current point would have would draw blood from your death or drop of blood and then the doctor or in

a lab but put it in after a vet and then put it in a matter on them at about one device. bubble has been developed for the last four years and it is due for clinical trials. it is designed to give malaria results in two minutes with an aid of a smartphone. it is faster than a standard microscope which needs at least fifteen minutes for a single test be narrowed down to maria because it was one of these that were all of us have the best we of all of all suffered from malaria before and we wanted to quit a solution to something we are familiar to and we stated to you know call it how we could improve the denisov malaria and then we target it to make it in one even process just for malaria. with a growing youth population in africa where young people are using smartphones this is giving rise to start ups and demand for digital innovations out across the

continent pyramid still more room for african innovations and the market is still big if you're willing to put in more money in proving a the health k. shown getting poverty there is a high chance that you will get a return on investment. innovation investing in. according to the wild dog innovation is key to providing employment for youth. it is estimated that the low and middle income economies will need to create five hundred twenty million new jobs by twenty thought this is inspiring you know. to be more creative. we'll recap story has left interest rates at an historic low of zero nice doing business with.

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