president mahmoud abbas is a man tell me mr myra's praising her as a room of civil resistance following her release. you're watching news still to come a closer look at the zimbabwean economic crisis the crisis of course is at the top of the agenda in the country's election that's taking place today that story coming up with your hot in just a minute. and i'll be back with more international news at the top of the next things we. wouldn't have been fighting for the face taking seriously in the world of war here's what's coming up women. don't go to the super hero. smart talks smart stay in the gym creasing lean dangerous time w. me for my. european stocks to live performances.

live concerts every weekend. in concert. with. the economy stupid as zimbabweans go to the polls most are happy that robert mugabe is finally not on the ballot anymore boss who are the other candidates as the best plan to bring back investment and revive business. and as a whole whether as germany's follows hog well the. and pick up the bill with

subsidies of up to one billion euros. plus anything above vanilla this prize has become more expensive than silver but investors are well advised to be cautious. this is did of your business i'm proud of as welcome whichever contender wins zimbabwe's presidential election he will have to work hard to revive the economy investors have shunned the country in the mugabe years the country's business community now hopes that a new president will be able to stop bush a positive and reliable climate for investment and growth. so if a learn egypt anglais did something extraordinary he kept his company james north in business through hyperinflation and the exodus of investors during the mugabe years. but the maker of protective gloves and shoes took a hit nonetheless syphilis and he had to reduce the number of stars from four hundred to one hundred fifty in the last fifteen years he hopes the new government

will attract foreign capital. having access to the great capital will enable us to upgrade to the delivered play puzzle for clubs who. are worried we do have plans as to what is it that we need to upgrade. the desired upgrades can only become reality as part of a wider economic recovery. zimbabwe's g.d.p. nearly half between two thousand and two thousand and eight alone. this caused the official inflation rate to surge to two hundred thirty one million percent in two thousand and eight. the new president will have to reverse mistakes from the mugabi of ministration refinery farms the mines compensate whites whose land was stolen and stamp out corruption. experts hope that will allow the government to regain the trust of the international community and zimbabwe's people. the british government

has officially preparing for a no deal breaks it a spokesman for the prime minister said britain will set out sensible precautions looking at how to prepare for a possible exit from the european union without a formal divorce deal meanwhile bank of england chief mark carney said the institution expects a systemic shock if the u.k. exits from the e.u. next march without a deal so-called heartbreaks the likelihood of justice has risen in recent weeks as the british government teeters between public expectations at home and e.u. demands. the u.s. has published stellar growth figures last week boss there are fears the u.s. economy may be peaking stock exchanges in tokyo shanghai and so broadly posting declines with european markets following suit analysts are skeptical that the record four point one percent g.d.p. growth in the u.s. is sustainable consumer spending and a surge in soybean exports were behind the surge and for the growth companies in

china and the e.u. stockpile the venture is amidst trade war fears now let's shed some light on these developments and talk to cast brush he's the chief economist at g d van joins us now from france of course those u.s. figures don't seem to impress anyone has u.s. growth really peaked you know has been or not really i think the u.s. can still benefit from the from the tax cuts we got on there under president trump and also from the still are out of you know interest rates so i think for two thousand and eighteen the growth preacher looks extremely promising for the u.s. economy two thousand and two you might be a different story because then we will see that the stronger dollar the higher interest rates will probably start to bite and to dent that bit of the recovery well is it really all downhill from here are people just really deliberately trying to talk down a strong u.s. economy. i think it's more as we we have

a very long and positive cycle in the u.s. economy but similar to what we see in in germany almost ten years of continued growth and then obviously it is much easier to predict the next slowdown than predicting a endless continuation of the current recovery i think there is a bit of talking down the entire story but still don't forget we have the the ongoing trade war we have a relatively strong u.s. dollar we have a central bank which has continuously increased our interest rates we have the tax reforms that mr truong which will peter out next year so there are lots of ingredients in place to say that yes two thousand and nineteen will see a slowdown of the u.s. economy but clearly not a recession. what can we expect from the fed this week no no action strong words probably also strong words on their intent so that they will that they will give the clear message to financial markets that they are still planning to hike interest rates twice for the until the end of the year i think

that we also get a bit of a warning that we had already couple of weeks ago by mr powell namely that a trade war would it would be harmful to all of us especially the u.s. economy are you. confident that a trade war especially between europe and the u.s. has been averted now after the meeting of younger and trump last week on this the no i think especially when it comes to trade we have so much we've heard so many erratic statements coming out of the white house coming out of the u.s. so that i think we have to be extremely cautious it looks much better right now than than a week ago but i think we need to be extremely cautious because there is no deal there is no agreement so i'm pretty cautious. of them thank you very much. the tit for tat a war of terrorists between the u.s.

and china is now going to hit the bottom line a b.m.w. the german car maker has been forced to raise prices on its s.u.v.s sold in china because b.m.w. assemble fares to these in the u.s. factory in spartanburg prices on those vehicles will go up by seven percent that's due to the higher tariffs that china's imposing on u.s. products since the beginning of july the m.-w. manufacture of more than one hundred thousand cars in the u.s. in its u.s. factory last year which were exported to china. german pharma say the lack of rainfall in the northern and eastern parts of the country is threatening their livelihoods now they want government help to the tune of up to one billion euros to make up for lost crops. an unseasonably warm and dry spring has sped up and thinned out the grain harvest last year's yield was already down from the five year average this year's is expected to be even lower farmers have been

pushing for direct payments for weeks. and wendy i also see the urgency for example with the government here in brandenburg first issues to consider calling for an emergency declaration so the farmers can receive direct assistance. going and repeat says the one billion euros would help operations with more than thirty percent losses from last year he suggested some farmers could even see fifty to seventy percent losses a threat to their very existence on tuesday will appeal to german agricultural minister yulia kirchner seen here at the g twenty sure report to the german cabinet the following day. has already said she's concerned about farmers in the north and east. but not everyone believes financial help is the answer the agriculture policy representative for the opposition social democrats argues that aiding farmers would set a bad precedent for other businesses. if you looking for speculative investment what

about when the lot of there's nothing vanilla about it it's one of the most expensive spices in the world up to six hundred euros per kilo makes a board spends of the silver at the moment but if you want to invest in vanilla you better understand it's a risky business. this my life in the law is unmistakable but you need a good no use to sniff out the top quality stuff like battle. field site has a wealth of experience the trader from hamburg has been in the business for decades said he's seen plenty of ups and downs it cost of madagascan vanilla has exploded in recent years. packman pays around six hundred dollars a kilo and he still willing to pay he wants to have a constant supply for his customers. humans. we always need to have it installed today and of course there's always the risk that the market will collapse and the price will drop to fifty or one hundred dollars

against a prize of utah. and then we make a loss. from the stunt on. the familiar is packaged in how back into these two axemen used to sell two or three million of them and now it's less than a million he thinks one reason for the high price is people buying it speculative. is known as black gold in madagascar the country produces an exports around sixty percent of the global demand pull harvests also cause the price to go up that were heavy thunderstorms last year that make growing it difficult. when vanilla becomes very valuable it's stolen from the fields farmers get nervous so they harvest too early and that causes a considerable drop in quality they're expecting richer harvests next time that would be supply and hopefully demand and how.

people always say the high prices make global demand go down work too you know. it's people will just do without but that's still the mom to. do for all. of because nothing beats real for nella say the experts and it's subject to price fluctuations like almost any role material in the world. and that's it for me and the business team here and i will have an update for you of course in the next hour meantime do check out all twitter and facebook feeds as well as our web site for more backcross story. slash scott before you go here's a real time check all global markets at this hour thank you very much for watching and up your business by.

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