to do more to tackle poverty. plus italy releases its new budget plan is a smooth sailing ahead for rome monica jones will have that story much more coming for you in two minutes time. on. your home. town. hi my name is frank and let me in to document m.r. so long there's. this week on here max everything's different.

the celebrities are calling the shots. to call on them but they're creating a moment of. bureaucrats to decide on. this week on the job. to. really get. your link to the news from africa to the world join us on facebook at g.w. africa. to. italy takes a step toward even a bigger debt the populace coalition gets ready to keep its expensive election promises putting it on a collision course with a brush. and also coming up a bill gates's in berlin the microsoft co-founder has big plans to address poll extreme. the to. welcome to do business italy has

submitted its controversial budget plan to the e.u. for review setting up a showdown with brussels over rome's deficit spending plan would roll back a twenty eleven pension reform that raised the retirement age and it would provide a basic income to poor unemployed italians measures expected to cost seventeen billion euros together if an acted to the budget which target a deficit of two point four percent of g.d.p. and that is well above you it's. so the e.u. is worried about italian debt italian stocks however having their best day in three weeks despite or perhaps because of the budget proposals well as cross over now to correspondent seema group toes in rome seema tell us a little bit about the economic situation in italy where is this public money that they say we need where is it needed most. well really the problem the main

problem here needs at least a massive public debt i mean it's summer hundred thirty one the said off the g.d.p. and the sluggish economy here the country's been dealing with for some time so the prime minister speaking in parliament today essentially saying enough was terry t. want to do is to boost the economy and as far as this government is concerned this anti establishment government is concerned that needs dealing with poverty alleviation and helping people with their day to day finances and that means they've put in place this idea of having a big income for the. pashto amnesty for citizens who are settling get tax disputes with the authorities cutting the retirement age and cutting tax benefits for banks and they believe these measures put together long at this there will be the money though in order to keep up we can't be in promises and also keep

their accounts in order as far as italians are concerned they seem to be some support for this plan a recent survey show that some fifty two percent agree with this proposed budget will twenty nineteen we don't yet but thirty eight percent giving it the thumbs down ok well they also voted of course for this governing coalition who during the election campaign made those promises and we know that if you listen you founding member it wants to stay in the e.u. and the euro they keep repeating that as well as brussels perhaps too harsh with rome. well i think brussels really has a fine line to balance you know what they want. to keep count soon or do and with the deficit targets at the same time they're also way off upcoming european elections they don't want to alienate the voters here it's early and push them towards these populists and anti establishment parties as it will have to see how

to deal with it the e.u. has about a week or so to look at these figures call for clarification and perhaps some changes although the government says that they're not going to move an inch it's interesting to note though as you mentioned the markets still have reacted so out for the moment brussels will have to see how they can take these proposals and how far they can repeat again and i guess upcoming elections as well see my doctor there reporting from rome on the italian budget proposal thank you so much. the business world is in mourning for paul allen the co-founder of microsoft has died at the age of sixty five allen founded the take giants together with his childhood friend bill gates in the one nine hundred seventy s. alan ranked among the world's wealthiest billionaires he was known for his

philanthropy and as the owner of two professional sports teams in the us the n.f.l. seattle seahawks and n.b.a. portland trailblazers in a statement bill gates said i am heart broken by the loss of one of my oldest and dearest friends now gates is currently in berlin to attend a string of eight and developing conferences among them the goalkeeper event hosted by the bill and melinda gates foundation that tracks progress toward the un's sustainable development agenda. the good news is the worldwide extreme poverty defined as living on less than a dollar ninety a day has fallen drastically. the last three decades the bad news that extreme poverty is now concentrating in fast growing africa. by two thousand and fifty almost ninety percent of the world's extreme poor are expected to live in sub-saharan africa many of them in the democratic republic of congo and nigeria does the call from gates for more aid more resources and more investment while the

world's done a great job getting people out of extreme poverty but it's going to be a huge challenge in africa with the population growth the disease burden there are so our innovation in new tools are a generosity we're going to have to do even better job in africa than we've ever done in the past sustainable practices across the west are also a focus is even in somalia i've personally seen in somalia and in the chad region how plants and animals are dying and how the people's livelihoods go with them but to really understand it means realizing that we in europe and in germany are part of the reasons for this change houseless us and. family planning nutrition and disease control are also seen as critical the stakes are high nothing less than africa's future. there's more news how the long running diesel emissions scandal with german comic our d.

now facing an eight hundred million euro fine for its part in the affair the folks live in subsidiary says it won't contest the fine issued by german prosecutors in munich over quote deviations from regulatory requirements in diesel engines the investigations focused on manipulations undertaking on diesel engine since two thousand and four the costs were directly impacts folks times earnings for twenty eighteen. and european battery makers are about to get a welcome boost the e.u. says competition watched all caps announced plans to inject nearly two hundred million euros into making the power sales and that overturns a previous ban on subsidising the industry behind it is the rise in electric vehicle production right now many carmakers have to depend on battery cells made in asia for their electric vehicles in response a year ago several in new countries and economic experts founded to the european battery alliance to encourage sustainable battery production in the e.u.

. it was sears the once dominant retail chain that changed how americans shopped and lived as filed for bankruptcy the one hundred seventy two year old company has been struggling for several years and is drowning in debt to the final straw was a one hundred thirty four million dollars debt to pay men circe's among dozens of prominent retailers to declare bankruptcy in the amazon era. think of sears as the amazon of the last century its mail order catalogs were a sensation introducing many americans to mass produced goods for the first time. eventually sears became the largest retailer in the country and one of its biggest employers sears helped transform america shopping habits drawing customers in their cars to the fast network of shopping malls shooting up around the country in the one nine hundred seventy s. but over the years sears has had more products than customers as it was outfoxed by

specialist retailers which beat in price and convenience and it made a number of strategic errors including the acquisition of the ailing kmart chain it's not really a place where people have been buying lots of things for a long time in fact probably the decade. and decade ago when it came out and c.s. merged i remember saying to have stone make a hole and it's really been that kind of gradual dripping away of a business. sears has been closing stores that are breakneck pace all year but it says it is looking for a buyer for the seven hundred that remain open. many observers now say that even a bankruptcy will fail to save the once trusted sears name and that the company is likely to follow a number of other recent u.s. store chains into the retailers graveyard. a new study says climate change might reduce the global crop of bali a key ingredient in b.-a. outlook for be a drink is

a future of expensive. beer the world's most popular alcoholic drink it's associated with cultural traditions like here and october first in munich germany it's that association with good times that has some researchers will a possible barley shortage spell the end of social life. so beer play that plays out quite a bit a social kind of let's talk you know. for the stability as well if we still want to have some blocks or essentials wrong to have such like beer talk about the coffee tea things and that the climate change is not going to go anyhow well as china is where the most fear is drunk forty nine billion liters a year a threat to the supply could cause a variety of problems the country's center for agricultural policy is on the case which i'm going to call it under the most extreme climate change scenario the beer

supply in china will drop by approximately nine to ten percent and there'll also be a clear increase of the price. we can actually china should also make efforts to upgrade crop seeds and technologies to produce barley that can be used to produce beer. for beer drinkers can start tightening their belts now and get used to the idea of a beer list future. all they can grap a beer as long as it's available well that's a business update here on d w at this hour because there's more to come of course and if you want to know more right now then check out our social media facebook twitter or go online d w dot com slash business i'll be back with more in what is five minutes.

because. in the bundesliga two members of france's world cup winning squad knocking germany's first division and there's a lot more talent where they came from. we take a close look at the french imports claim from german clubs see you sunday.

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