a drastic move or a desperate one. president is slashing the number of government departments and half but will it be enough to stave off the economic crisis and stop the decline of the past also on the program china pledges another sixty billion dollars to african countries. are these investments and you want your kitchen to give you a real suggestion as well come on down to the consumer electronics for the latest appliances no the way to perfect growth. this is v.w. business i'm christopher kohler welcome argentina's president hopes that sweeping measures will stop the country's economic crisis. and he has announced that he is closing down half of all government departments in an effort to slash costs sitting on a mountain of debt the country's in freefall and

a growing number of people is facing life in poverty. 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 and he. didn't in these few months all the storms were at least at the same time but that's no reason to lose hope we must mature as a society and not continue living above our means nor continue living with corruption. but not everyone shares is up to ms him last week after president ma it's your mockery 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 pay so has proved powerless last week that bank hiked 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. as african leaders are gathering beijing for the forum on china africa called gratian criticism of china's investments on the continent are getting louder concerns are growing that by building costly infrastructure in african countries china is also saddling the partner countries with debt as these partners are financing the projects with chinese banks now that's likely to be one of the reasons why chinese president xi jinping has announced on monday that his country is to provide sixty billion dollars in financial support to africa with no strings attached. they're looking for more investment dollars and aid from china that's why so many african leaders have

traveled to beijing and its great hall of the people their expectations were met by promising remarks from china's leader. on. more than one point three billion chinese people and over one point two billion african people have always pursued a shared future president xi jinping told his audience we respect africa love africa and support africa. and then the part that really matters. she received all of our cheer for china is willing to provide governmental assistance offering another sixty billion dollars in financing for africa. and judge. of that fifteen billion is slated for grants and interest free credit lines according to she. beijing has invested in africa for years finding a source of urgently needed raw materials in return but with the continent's

growing middle class china now views africa as an important market for chinese goods the value of its trade with china one hundred seventy billion u.s. dollars far exceeding western trade with africa. we should be using proc forms such as folk to read our commitment to multilateralism a few and cons farm system of international trade and a global economic architecture that promotes the interest of the developing world. with the new folks summit china is moving further ahead of europe and the u.s. with its engagement in africa germany and other countries have recently begun to intensify their efforts on the continent yet a coordinated european approach remains out of sight now for more on the china african summit last spring indeed obvious correspondent catherine unbundle she

joins me from the kenyan capital nairobi catherine sixty billion dollars allegedly no strings attached is this something that african leaders have been pushing for or is a g g m pings attempt to silence critics in the west. well it's financing that is obviously welcome by african leaders and african countries but in the same breath during his speech president chinese president xi jinping did say that this investment will not go into vanity projects and that there should be some caution when dealing with with the projects going forward he also mentioned that poor african nations will be exempt from their interest free loan interest free loans that were due in two thousand and eighteen probably a show to see that you know giving a show that you know china does have africa's interest at heart and so trying to increase its foothold on the african continent knowledge just prime minister warned against a new version of colonialism as he cancelled

a series chinese backed infrastructure projects in his country other similar views among african leaders. definitely not these are not sentiments that echoed by african leaders in fact the african union chairman and president of the rwanda paul kagame is said that china is a friend and you have serial ramaphosa as the president of south africa's alluding to the fact that africa and china share the same vision but during this first day of the summit there was emphasis on transparency especially by the african union commission chairman with a fuck you saying that there needs to be transparency with trade between the two parties and also we had a statement by the united nations secretary general antonio terrorists who said that there has to be sustainable physical policies in order for africans or in order for both parties africa and china to see the benefits of this particular

relationship you're speaking about sustainable policy here there is growing criticism that chinese infrastructure projects are pushing african nations into debt how big a problem is this where you are in kenya for example. well it's interesting to see that the standard gauge railway stood as one of the success stories during the first day of the summit that was discussed today but then when you look at the boat on the ground kenya is struggling with the s.g.i. project we're still paying for the first half of the project which cost about three point four billion dollars and it's we're not seeing any return even if even as the train is already operational and we still need more more lowden three point eight billion more to to build the second half of the project so kenyans are not really seeing a return on their investment in that particular project as much as it was hailed as one of the success stories in doing the forecast meeting there at the wider picture

if you look at you know the if you look at. the countries that actually can blame that debt on you know china is you looking at djibouti in the democratic republic of congo and you're looking and sounding at that you know a considerable chunk of the national debt to china catherine a model in nairobi thank you. now imagine your alarm clock going off and turning on your lights or opening the curtains and brewing your coffee automation to make your morning less stressful for many of us that might be a vision of the future but the international consumer electronics fair which is currently on the way here in berlin the smart home has already arrived. even the cook can chill out and base kitchen camera checks what's in the fridge and projects recipe suggestions on to 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 color mary 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. you know. 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 enable us to spend our time doing more pleasant activities and yet even if these all around us gradually become cheaper we 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 all 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 has 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. because they basically get away with vulnerable devices they have been able to sort of vulnerability 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. and the rest of this edition of

your business for more find us on facebook or follow us on twitter at d w underscore benson's for now thanks for the company see you tomorrow. we've. much much much. much much. much. much. much much. different.

from a lot. fake hair and real story. where i come from a lot of women who like me have fake hair sometimes the hair style takes up to two and it leaves it's a lot of time that needs to be filled so people at the salon talk about what's happening in their lives so. i became a journalist to be a storyteller and i always want to find those real authentic stories from everyday people who have something to share. with others i'm a fan of the salon i know i'm good quality hair when i see it's and a good story when i hear it. my name is elizabeth shaw and i work at steve allen.

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