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tv   Business - News  Deutsche Welle  January 30, 2019 5:45pm-6:00pm CET

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tastes like chicken. even though these nuggets and patches have been grown in the lab is this what will all be eating soup. this is business africa. today all eyes are on the fed again to see if the u.s. central bank raises its key interest rates the financial crisis the us federal reserve cut interest rates to virtually zero sheep money stimulates the economy but that's made investors go looking for higher returns elsewhere many found opportunities in merging markets like south africa or nigeria now the u.s. federal reserve has said it will raise interest rates again over this year and that will draw money back to the u.s. with consequences across the african continent. seen from india the u.s. federal reserve is more than ten thousand kilometers away but u.s. monetary policy has consequences there as well the rupee lost heavily against the
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u.s. dollar last year imports have become more expensive for companies that are indebted in u.s. dollars the mountain of debt is growing and for governments as well today emerging markets with a volume of three point seven trillion dollars have more than twice as many dollar loans outstanding as a decade ago if currencies lose value against the dollar that means that loans in dollars will become more expensive other countries such as indonesia are also heavily dependent on the dollar here too there's a risk of capital flight if u.s. interest rates rise the countries affected could follow the u.s. federal reserve and also raise key interest rates but that would weaken their economies. have a look at this issue and bring in philip to vets associate editor at business insider south africa philip we know the fed will increase rates in over the course of this year what difference will the next hike mean maybe announce today one of
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the most immediate effects we can expect. the first circles he is there. is highly dependent on my knee that comes in because of the interest rate differential to the ranch the currency is very if we traded one certain point immediate and it will be launching negative the south african reserve bank always says wealth in the longer run increase in interest rates in america means that the economy there is better that means to export markets for southern africa but in the short run we see an immediate impact on bonds we see an immediate impact on the currency and that's quite negative of the role for a large number of people came to this including of course insulation in the price of fuel so basically you're saying everyday products will have more expensive. so i think as a relatively protected from imported inflation laci but boyle is a major in the hospital is directly linked to american interest rates in that seems
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so we see the hot dollars for each of emerging markets have something to secure the rand depreciates gets that dollar that breaks will process increases and quite rapidly we see those increases on shelf prices and it's schools that hits the person the for most immediate because it's those basic commodities people who really can't afford it see those impacts that can change events that. are going away from south africa other economies across the continent more vulnerable as vulnerable. many countries in africa will not change their interest rates on the back of the u.s. if there's a hike and we've got the likes of for one dollar with an interest rate of the boss five point five percent that's fairly steady nigeria to box fourteen in your department but these are growing spreading to interest rates but what is typical to many of these countries that interest rate is a highly political decision it's not so much an economic ones it's like that essentially with the american interest rates changing things are quite static they
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is a universal experience. of capital loss to two thousand and eight there was a lot of money that slipped into emerging markets on the continent as well so it's the american interest rates are looking back to expect at least the back of some of that. briefly if you can if you have to single out one of the economy and in africa people should. pay close attention to what the fed does with. nigeria so it's a near one to watch it is quite fragile not quite as frank philosophical might stretch out fast growing economy and one that's rapidly proving its foreign investment because it will be quite hot thank you very much for the pivot of the social though to a business insider south africa. welcome to zimbabwe's capital harare where public transport is enjoying a revival until recently it was dominated by private minibuses far left become too
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expensive for many since fuel prices have shot up the house lets to street protests brutally subdued by zimbabwe's security forces now the government has caved in offering subsidized bus. there's a crash at harare central bus station the trip from here to the suburbs costs just one zimbabwe dollar. the same trip costs three dollars on the mini buses to subsidize city buses full to capacity. i feel very free not a single problem we just boarded the bus and paying three dollars has come to an end it's a thing of the past. that got to go but it is that we are happy with what the government's done and we wish for it to continue the commuter taxis should be put off the road because now we can afford to buy some food and pay rent and we're very happy and you know not know florida is not i think. this was
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back in mid january when the government more than doubled fuel prices. police and security forces were called out to crush massive protests and public looting. now the government has intervened to calm the situation but not everyone's happy. with a government only subsidized fuel for the buses and they should do the same for all small commuter taxi. i don't think if you and if you wanted to look good on the phone but what about what the government is least large buses from private companies because the state fleet has shrunk due to years of mismanagement and corruption critics fear that the state can't afford to keep the subsidies in place for long. inflation is too high. and most people are unemployed the country stands on the brink of economic collapse. is his business africa take
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a look at some of the obvious business stories we're following for you american and chinese officials are set to begin a new round of trade talks in washington today as the latest efforts to resolve the dispute has disrupted business business across the globe the stakes are high u.s. president donald trump is threat to raise further tariffs on chinese goods if no deal is reached by march it's already slumping chinese economy and then there is the issue of who are way. will they won't they that's the question in washington as the world's two biggest economies sit down to work out their differences and settle their open trade conflict since u.s. president donald trump took office beijing and washington have taken turns slapping each other with ever higher punitive tariffs. the u.s. government argues that china is taking advantage of existing trade regulations using a combination of state subsidies and industrial espionage to legitimately gain a leg up on the competition case in point while way. the u.s.
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recently accused the chinese tech giant of violating international sanctions against iran and stealing trade secrets something the chinese government the mentally denies. it's been some time since the u.s. started to use its state power to smear and suppress certain chinese enterprises in an attempt to throttle their legitimate operations their intentions are strongly political and manipulative we suddenly urge the us to stop ill founded suppression of qual way and other chinese enterprises. experts are skeptical that both sides will find common ground this week china is unlikely to give up its cavalier approach to foreign intellectual property any time soon. after trump's recent loss in the u.s. government shutdown he's likely to push for sweeping reform. but time is ticking
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if no deal is reached trump has threatened to impose another two hundred sixty seven billion dollars of tariffs on chinese goods starting in march. but the economic slowdown in china has hit e-commerce leda the company said its net profit increased thirty seven percent in the latest quarter see that slows net profit increase in more than two years a far cry from the fifty to sixty percent growth it's accustomed to growth of cloud computing and other business lines just about managed to offset a slowing expansion in its core business online no other baba's results but closely observed for signs of the u.s. trade spots taking its toll on the chinese consumer goods. claims his arrest in japan was part of a plot against him he was detained in november on charges of financial misconduct in his first interview since that own claim some executives at the japanese
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carmaker wanted to kill off his plans to integrate into the business following his arrest he was sacked its share of its proper company mitsubishi is still being held in a tension center in tokyo where he is awaiting trial. now if you like chicken you might like the following story the meat industry is a frequent target of criticism even from mainstream consumers so what if you could have your meat without killing an animal without transport and for adoption without producing methane basically meat without all the polls all you need is one step sell. us for his experiment have a look. a burger fresh from the lab something that could become normal not meat made from substitutes but from the cells of
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a living animal san francisco based just as developing chicken nuggets in the lab using stem cells mixed with proteins from plants such as mung bean. they were not doing this to display this small scale farming ninety nine percent of the meat produced on this planet is intensive animal agriculture it's not the romantic idealism of of a farmer with straw you know in his mouth heading is pigs as they go by and feeding them acorns one by one. one of the biggest well. thank you very much for.
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the fish. surely from africa in the morning. place your link to exceptional stories and discussions can you and will come student news something programming from for an exam in the coming years of easy our i would say d. debit the to come join us on facebook at w for costs. live what's coming up on the closely watch movements of the plane get this thing that listen to talk about it here play list the take a look at what all that means for the type of play lists listen to sleep every weekend here on t.w. . once upon a time there was a young girl. with
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a burning ambition. to become a conductor. everson very curious child and very excited and in love with music and i would go to concerts with my parents and i always. hear and for being on stage with the musicians and being part of that magic it was a difficult trip the first girl says she was told to become conductors but this girl had other ideas and one day she really did become a world famous conductor. of that not. to. start feb eighteenth d.w. .
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this is data from britain on a collision course with brussels a u. leaders insist they will not really goes to deal with the u.k. big obvious of the british parliament votes to send the prime minister back to brussels to reopen talks so what officer is amazing options with the program it made look like a winter wonderland but the lives.

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