i'll have more world news for you at the top of the al get out elf as we'll be with you in just a moment with your business updates have yourself a good that. they make a commitment. they find solutions. they install or. africa on the road. stories from both people in a different school shaping their nation. and their continent africa on the

move the stories about motivational change makers taking their destinies into their own hands. d.w. multimedia series from an africa. d.w.m. dot com or go. mockeries steps on the spending break argentina's president is slashing the number of government departments by holiday and imposes tariffs on some exports but will it be enough to stave off the economic crisis and stop the decline of the purse so . making business a two way street china builds huge infrastructure projects in africa but it was cost. also the show of your smartphone be making your coffee in the morning soon at

the consumer electronics fair in berlin the future has already arrived. visited of your business i'm. president mary sue mockery has announced that he is closing down hof of all government departments in an effort to slash costs to get on top of the mountain of debt argentina is facing foreign debt has has hit the two hundred billion dollar mark meanwhile the peso has lost half of its value in the past nine months and more than a third of argentineans live below the poverty line. most argentinians are used to saving and now it's the government's turn the number of ministries is set to be slashed by more than half but the president says there is still hope it will. remain in these few months all the storms were unleashed at the same time in the city but that's no reason to lose hope we must make sure as a society and not continue living above our means nor continue living with corruption me to my. but not everyone shares his optimism last

week after the president announced that he was requesting earlier payouts from the i.m.f. bailout fund the peso continued its downward slide. argentina's problems are mounting fast a dramatic drought has decimated this year's harvest and the country's key export partner brazil is mired in a recession a strong dollar is siphoning off investors in the country's shaky peso compounding the problems. intervention by the country's central bank to shore up the peso has proved powerless last week that bank hike the key lending rate to sixty percent and expensive credit could now dash the hopes for a speedy recovery argentinians are already struggling with a thirty percent inflation rate. for now let's talk. with dr tom long he teaches south american politics at work university in the u.k. it's home as we've heard the president has announced measures to combat the crisis

cutting his cabinet and how for example is one of them is that really going to make a difference for. thank you very much for having me well in the near term it might make some difference i think the president is under a lot of pressure to start to communicate some sort of plan that is going to restore confidence in his government and in their medium term fiscal plans you know this is in many ways more of a crisis of confidence about argentina then it is about a longer term economic issues certainly argentina faces some of those but over the last week we saw this really fast slide in the value of the pace and some of that came out of really poor communications from the government that created a lot of uncertainty about what exactly its plans were regarding its budget regarding its plans to pay down argentina's debt so what does what is left for

mark or what should be what should he do now. well you know i think in the near term he needs to get the communication strategy right in this meeting with the i.m.f. it we saw the decline start to slow at the end of the week when there was some strong support. and then ca did by the i.m.f. for argentina but in the longer term argentina really needs to start diversifying its economy away from agricultural exports right now so is the main export and that goes up and down prices tend to bloom and then bust and that leaves argentina in a very difficult position so argentina needs to avoid making deep cuts in things like education some of the cuts about rationalizing government spending

are good but doing them under this sort of a crisis condition really makes it hard to get them right. tom long there from laura university thank you very much. african leaders have gathered in beijing today to discuss future cooperation with china concerns are growing that by building costly infrastructure in africa china is saddling the partner countries with crippling debt as partners are financing the projects with chinese banks maybe that's why chinese president xi jinping has announced at the summit today that his country is to provide an additional sixty billion dollars in financial support to africa with no strings attached. african leaders like ugandan president yoweri museveni have high hopes for what chinese investment can do for their countries beijing's presence in the region has grown tremendously since its emergence as a global trading power now africa has become

a cornerstone in beijing's global belt and road project in sierra leone president julius mata b.-o. sees china's thirst for investment as a way for his country to move forward. and there are so many benefits to. so force we want to be a part of the world community but the large investments which chinese state owned companies have pursued so aggressively in africa have not been an exercise in philanthropy africa's vast resources have helped fuel china's economic transformation below rejects the accusation by some western countries that china is exploiting africa. we are not fools enough we know where we want to take a point in various countries to we evolve a new relationship that is designed to be a win win relationship if we do not think it was so we wouldn't be involved in that so i don't subscribe to that i know where i want to take my country some african

countries have become heavily dependent on chinese financing and a recent study by the center for global development a us think tank has raised serious concerns about the sustainability of sovereign debt in several african countries receiving belts and road funds. or is it really a win win relationships a little earlier i spoke to alexander the missing the founding the director of the china africa advisory with cheese in ping pledging sixty billion dollars of investment i asked if that neutralizes the criticism jamie received about the debt attached to china's infrastructure projects. yes it's true that president xi jinping today announced that china will give for the next three years sixty billion u.s. dollars in different type of you know credits and concessional loans and it's a trial this gives african countries another opportunity to advance their infrastructure needs to to build factories to create jobs which is badly needed and

on the continent and china is definitely contributing a lot in this in this regard. the same time we have seen a lot of criticism coming from especially from western press or western countries you know chinese credit or money is as is fueling the debt issue in african countries which we actually do not subscribe fully to this we have evidence that china is not entirely responsible for debt increase and in african countries rather we see also money coming from world bank or britain which institutions as well so they're cut it out of the money is coming to africa from different sources the question is where is this money going and if as long as the money is used for productive means i think it's a good a good development that we are seeing currently in africa i examined the missi that now imagine your alarm clock going off turning on your lights opening the curtains

brewing your coffee that's automation to make your morning less stressful for many of us it might be a vision of the future but at the international consumer electronics fair currently underway here in berlin the smart home has already arrived for even the klutzy of cook can chill out and it's kitchen camera checks what's in the fridge and projects recipe suggestions onto the countertop like how to make the perfect roast the stove opens automatically taking things from their. table keeps the chocolate brownies warm and gooey till it's time for dessert. it's a kitchen that takes cullen airy worries away and even loads the dishwasher in the future nearly everything will be connected to the internet through voice control the door the t.v. the lights and the oven. so. you know the. experts believe it won't be long before four out of five household devices are

online but small simple machines are starting to take on more work they even think ahead and able to spend time doing more pleasant activities and yet even if these all around us gradually become cheaper we're still be paying a high price for that on the one hand they make us depend on the take chinese like amazon microsoft and google that provide the networks that operate them and on the other hand on the technology it says and its ability to operate safely. but away from the flashy demonstrations this company is warning about the dark side of online everything with an experiment can a hacker steal cryptocurrency through this internet connected lamp. the answer is yes the hard drive his hijacked the voice assistant and all the network devices under the hackers control giving consumers something new to worry about. today i don't see much of

a reason economic reasons for companies to invest in security that is to devise wonders because they basically get away with vulnerable devices they have been kind of able to sort of vulnerable to isis to the market for many many years with no real problems and so i think something has to change in this regard we need better regulation it's a call for the government to step in to ensure that vacuum robots don't go rogue and show hackers the way to your hard drive first. i'll keep my home manual and that's it for me on the business team and bill and thank you for a much for watching business.

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my choice in this card because given their way to transfer me to the troops in. an international match and i will. get up. hello and welcome to a new edition of tamara today the sun show on d w. coming up on the program. fresh brewed coffee is it healthy all not. our skin is literally crawling with millions of minute creatures. and our water is laced with traces of medication.