wall street shut for the holidays but it's not seen the most festive of seasons rather its worst december performance since the great depression now u.s. president is racing to manage rising anxiety levels. more money for the poor and higher pay for public sector workers in iran that's according to the first budget the government in tehran has submitted since the us three impose sanctions but a cloner economy makes that easier said than done. welcome to you or do you double your business of. world stock markets have plunged deeper into the red in the last days wall street may have taken a break tuesday for the christmas holidays but the summer house shaped up to be the worst month for u.s. stocks since the great depression investors' doubts about the u.s.

economy are growing repeated attacks from u.s. president donald trump on the federal reserve and its characters' powell have unsettled nerves as has the prospect of an extended government shutdown. now trump has tried to curb the growing unease over the economy by saying that's the federal reserve's interest interest rate policies which again get criticized or simply a sign of economic robustness here's what he had to say they're raising interest rates to first because they think the economy is so good. i think that. they will get it printed and i really do mean the fact is that the economy is doing so well that they raised interest rates and that's as a form of safety that would president obama didn't do much of that much easier and when you have no interest rate you had a very low interest rate we have a normalized interest rate normalized interest rate means a lot you know it's good for a lot of people they have money in the bank they get interest on their books for

many years nobody got interest on their money. donald trump saying there that the interest rate rise was a sign of a healthy economy for its part however the federal reserve has a gradual slowing of gross domestic product growth over the next few years a forecast that is it's expected to peak at this here at around three percent the fed says that will begin tailing off somewhat as a side effect of the trade disputes with china and resulting global disruption falling to one point eight percent in twenty twenty one that goes weaker global growth forecasts by institutions like the i.m.f. iran's president hassan rouhani has submitted next year's budget to parliament it's the first budget since the united states restored sanctions against iran that had been lifted under the nuclear deal rouhani said the sanctions have hurt iran but will not bring the islamic republic quote to its knees the country's economy however is clearly struggling. iran's government faces acute economic challenges

at less than fifty billion dollars this year's budget is less than half the size of last year's. us. nobody can say that the sanctions do not harm our economy or people's lives. but nobody can say that the united states will achieve its goals. and merica will certainly be defeated and it will fail. since u.s. president donald trump decided to withdraw from the three year old nuclear deal and to restore sanctions the iranian ryall has lost around half its value the fall of the currency drove up prices across the board with food costs up sixty percent on tuesday president hassan rouhani announced a twenty percent increase in public sector wages. this

sanctions can cause and have already caused problems for people's lives we should try to reduce these problems and we are able to do so. that. the government plans to fund thirty five percent of the budget with oil revenues projecting exports of up to one point five million barrels a day china india and turkey are still importing iranian oil. a japanese court has granted bail to the former right hand man of detained x. nissen chairman carla scone on tuesday greg kelly a tokyo based u.s. citizen who was an executive at nissan was arrested along with his boss on november nineteenth go on his aide kelly and the car maker itself have been indicted over an alleged understating of pay package goan has been in pretrial detention since nov

nineteenth a trial date has not yet been set. and now to a story about women who bring light sixty women from rural communities and thirteen countries have come together in india to become solar panel technicians many of them come from villages without electricity to them they're not just bringing new skills home after six months at india's barefoot college but also an opportunity to give their communities life after dark. god wanted me to go to india for one of my all right here i remembered the year. that i'm doing this for my children . three women who have never been away from home three mothers undergoing training in india to become solar panel technicians they come from mexico kenya and indonesia. the course of the barefoot college in india lasts for six months

they are learning to install and maintain solar panels and to make solar powered lamps the trainees do things over and over to live become second nature kenyon. comes from a village which has no electricity. no lights my comment we all know that darkness is not the best so bringing light to the community is form big achievement. a lot of things become harder after sunday something west timor born you mean are also knows. without light my children can't do their homework and when it gets dark they have to go to sleep when i get home we're going to have solar lamps. and. the women's training is organized by the so-called solar. and indian development project. leila davey has been training women from all over the world since two thousand and three. well the

electricity from the grid can go out at any time whereas solar electricity is reliable the sun god shines for everybody and doesn't care if you're rich or poor. if you can't pay your electricity bill power is cut off. with solar lamps you buy them once and then you can relax. he's a bit more a human is them from mexico as well. place one i have no idea what i'll be able to earn now but what matters once that is that i've learned so much. that the people at home will see that i can do good work. it's been quite a sacrifice to come here to learn something new what happened did i one way or. the indian government funds the women's project and when they return home after six

months they have enough stories to tell to last a lifetime. getting vulnerable people back to work and giving them a sense of dignity and purpose that's what the son pattern yano recovery community is about to close of italian seaside resort of rimini it employs former drug addicts to work and the state's bakery its dairy farm and vineyard its cloudier was a drug user for seventeen years today he oversees the production of sangiovese a wine in some part trying yano north of rimini now he's clean and learning how to find his way into a more ordered lifestyle some one thousand three hundred former drug users live on the estate where would cloud be without this opportunity he generally honestly in prison or dead and buried. he's not allowed to drink. drugs and the red wine are strictly forbidden. just its bouquet we're learning to smell

a bouquet of the wine then the knowledge is tastes that. the sun patron yano estate is surrounded by a high but by no means impregnable fence it has a cattle farm a cheese dairy and a bakery that's where they make traditional italian panna toner eleven cake with candied fruits. states residents have to learn a trade there's no pay but it's a first class ticket back to life seventy percent of son patrick now knows graduates stay off drugs this exceptional success rate is not the only reason it's feigned far beyond italy's borders. this is a product that is totally homemade with natural yeast and high quality ingredients . and the candied fruits are made here and there are certified organic sicilian orange and calabrian lemon. the planet tony here is regarded as one of the best

which is why it costs a little more than others. but these sales aren't enough to make some country in ya know self-supporting half the twenty million euros the estate needs every year to stay afloat come from donations. the ongoing trade spat between the u.s. and china has pressured stock markets for old why and now it could have implications for the german jobs market and twenty nine hundred. that's according to the german chamber of commerce the analysts expect five hundred thousand new jobs to be created in germany throughout the coming year that would be quite a bit fewer than the five hundred eighty thousand new jobs created this past year for the reasons higher obstacles and trade uncertainty around the upcoming brad pitt and a general cooldown of the world economy. and that's her business update here on day w. i'm in milan and berlin believe me now with

a look at world markets at this hour thank you for joining us happy holidays from all of us at the w. business.

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