a large eighty eighty order raising more questions over the future of the world's biggest jetliner. and the young lass opium poppies keep bringing in cash despite the government's crackdown on drugs. hello and welcome to d w business asia i want to get jones in berlin good to have you with us so we're starting with india where the country's reserve bank surprised everyone by cutting its key interest rates down twenty five basis points to six point two percent the move is seen as a bid to bolster up india's flailing economy and today's rate cut is also welcome news for prime minister narendra modi his government wants to boost lending and lift growth as it faces elections in may the indian finance ministry is believed to have been putting pressure on the reserve bank of india to make a cut this is the first time the r.b.i.

has done so in seventeen months the rate the r.b.i. lends to commercial banks is going down by point two five percentage points to six point two five percent it's intended to boost economic activity and the bank is now forecasting a slight to pick up in growth in india between this year and next the decrease has surprised the majority of analysts and investors the bank raised rates twice last year but this latest move comes just two months after its new head considered an ally to render a modi was appointed to be seen as good news for borrowers but would do nothing to settle fears about inflation. when for more let's bring in new poor to she is a writer for the indian finance news website quartz and she joins us by going to be with us the first of all i mean why the rate cuts now or is it only linked to the

upcoming election. well not really. sure of course in our interim or the government is going to be very happy with this decision considering then we asking for a rate cut for a long time but this was kind of long overdue it's it's it's coming after seventeen months the last recorded happened in august twenty seventh of one of the most important reasons why the street cut is actually that a war rate of inflation inflation is one of the key dates of the reserve bank of india looks as far as it can decisions on the policy rates his concerns the inclusion of dissembled came in at only two point two percent which is really low or than the inflation target that the r.b.i. had set aside for r.b.i. as it does it all four percent plus or minus two percent for inflation considering there are very within the doget it probably gives the r.b.i. there's room to treat still a lot of people are ok sorry rather muted yet continue continue i thought you were

finished also the loan growth has been rather muted and therefore is and therefore and therefore is the our reality cuts the rigs then it's expected that the norms are going to pick up and which is going to also boost the economy interestingly apart from this the iranians also changed its stance to neutral from calibrated playing what this means is that to this was not the only good to see even for the rate cuts in the coming months ok look at all good news i can tell you've been listening to the policy announcement just very briefly is there anything in particular that is worrying the bank. yes indeed as far as the global growth is concerned that often goes out of concerning the results bank of india there for instance how the crude rates are going to be here how the brics it is going to play out the bounce back of the us economy there also some trade concerns all of these are going to be important

factors of the reserve bank of india is going to be watching out for even on the domestic front there are some concerns for instance exports and imports have remained rather flat for input for investors have been pulling out so all in all these are some of the factors of the reserve bank of india is greater took at dixon export to see the show so no smooth sailing for india and his reserve bank just yet there right joe for the finance news website quartz joining us in mumbai thank you . for hundreds and forty five million dollars that is the price tag for an a three eighty aircraft from great money if you can get it well the super jumbo is actually turning into a terrible expensive shelf the australian airline quantize just withdrew its order for eight of the passenger jets and that is almost four billion u.s. dollars less on the european aircraft manufacturers bank accounts perhaps it's time

to scrap the a three eighty. it's the largest passenger plane in the world the a three eighty is the pride and joy of the european aircraft group airbus but as orders for the a three eighty kept plummeting the group was forced to reduce annual production from thirty to just eight aircraft this year and those eight have yet to be delivered. quantas dropping the planes represents a four billion u.s. dollars loss for the european aircraft manufacturer and it's raised doubts about the future of the a three eighty itself the australian airline ordered the jets in two thousand and six but since then they've switched to lighter more fuel efficient passenger jets a worldwide trend the a three eighty is too heavy and uses too much jet fuel which wouldn't be as much of a problem if fuel prices that gunned down but instead they've almost doubled since twenty sixteen so it's not surprising that another major air bus customer is taking off to the dubai airline emirates allegedly wants to cancel its existing orders for

fifty three units at least in part that could mean the end of the world's largest passenger aircraft. myanma is the second biggest source of opium in the world after afghanistan with shan state its main production help despite government programs and police crackdowns the population keeps returning to harvesting the lucrative opium crop it's used to produce the heroin and feeding the demand for the drug from around the world. fields of purple opium poppies stretch across the pastures and peaks of mountainous eastern ian mark many farmers there are reluctant to give up the profitable cash crop in spite of government incentives to do so this is hopeful just a few dozen kilometers from tourist hot spot in lake each day men and women from the surrounding villages home to the pa and other shan ethnic minority groups flocked to the fields of the illegal flour. they harvest is addictive sound into

cans that can fetch up to one hundred dollars each sums that far exceed the profits possible from other produce for many farmers among myanmar's poorest people their crop choice simply comes down to money and drugs police destroyed more than fifteen hundred acres of poppy fields in the whole problem last year but many farmers are returning to harvesting opium after finding out the switch to other crops failed to make them the same returns. the german economy is losing steam the e.u. shockley slashed its euro zone growth forecast for twenty nine thousand as a result of the unexpected slowdown in europe's economic powerhouse the association of german chambers of industry has a sliced it's gross will cost one twenty nine thousand and half to what point nine percent that's a worry for the e.u. who now expects eurozone grows off one point three percent this year as

a big cut from the one point nine percent predicted in november. let's bring in our financial market correspondent in frankfurt how what's slowing europe's strongest economy down. it's we're slowing the entire european country coming down in what has the u. commission most worried and that's the fight of two world leaders over economic power the us china trade conflict ripple effects that we're seeing here and that has hit germany especially hard because it's a nation of export exports and very much depends on these exports and the chinese economy seems to be slowing down a lot more than was previously expected now these are forecasts but what we already see is that industrial output in germany has gone down in the past four months we've also seen a slowdown in car production and how worry is this slowdown for the eurozone.

well germany isn't doing so bad is it still growing but in other areas it might be a little more trouble italy is supposed to grow only point two per cent and it just at the end of last year managed to get its deficit figured it's a budget figured out with the e.u. assuming however a strong solid growth now it's in a technical recession that means for the past two quarters the kind of me has been shrinking and this isn't a good forecast that might mean more trouble for the economy though i published in bits in front of it thank you. tony did i did states now where presidents don't have to trump has named treasury department official david malpass he's paykel as his pick to lead the world bank my past has been a longtime critic of the bank which focuses on global poverty trump said the world bank should quote defend american values. trump's announcement of longtime

treasury official david malpass as his world bank pick on wednesday was widely expected because america is the largest contributor to the world bank giving it over one billion dollars every year my administration has made a top priority to ensure that u.s. taxpayers dollars are spent effectively and wisely serve american interests and defend american values david has been a strong advocate for accountability at the world bank for a long time. the decision to choose mouth parts is being interpreted as a sign the trumpet ministration wants to rein in the financial institution. has been a consistent critic of the world bank and he is expected to try and reduce its role . it is a longstanding convention for the u.s. president to nominate the head of the world bank because it is not yet clear if other countries will propose alternatives to challenge mile pass. japan softbank

group has posted record net profits for the first three quarters of the financial year the company's fortunes have been driven by its investment in several tech firms c.e.o. must say yoshi song told reporters he plans to pour yet more money into artificial intelligence the group's net profits reached a fourteen billion dollars over the first nine months that is up fifty one percent so on the same period only last year. when a little bit less subtle and that is business as asia here on d w thanks for watching and stay tuned for the w. news coming up next.

organized crime in the nursing profession. some nurses from boss me who are highly skilled and so they have a good reputation throughout europe. but now the nurses have been hit by a fraud scandal. the fake nursing school diplomas are being sold on the black market and it's impossible to tell the forgeries from the real thing. the ninety minutes on d w. i. rearing to me. not everyone who loves books has to go insane. to dump you literature list one hundred german must reads.

to the bureau max new to channel. a good line of story. with exclusive insights. and a must see concerning startup culture consider a. place to be for curious minds. do it yourself networkers. subscribe and don't miss out. hey listen up. that's what video game music sounded like thirty years ago. today's tracks take the experience to another level ok sounds to him compose that way mats are. featured in many games his music is bound to cause problems for his fans he opens doors to. sounds good. oh sure that's so much more than just background music video game music starts. if

you were twenty fifth on w. . this is deja news coming to you live from berlin tourism a horse what she calls and talks from. in brussels the result of a pledge to talk again about britain's future relationship with european union but you could again views on any more tinkering with the brics a deal a move that could spell trouble for me at home also coming up a tense standoff over humanitarian aid at the venezuelan border self-proclaimed

interim president why do all.