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tv   Business  Deutsche Welle  May 13, 2019 8:15pm-8:31pm CEST

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very much for coming in that's it from me i meant that she and the news team to do stay with the w. because a business africa is up next with monica jones and remember we have lots more on our website there's the dot com and you can always follow us on twitter and on facebook but just to have your company back. what secrets why behind the smallest. find out in an immersive experience and explore a fascinating and cultural heritage sites. d.w. world heritage 365th. quadriga international talk show
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has been a tumultuous week in german politics and in europe resolved bitter divisions over migration of the government it is said stead into the abyss could friendly fire from president trump defeat one of the strongest military alliances in the street corner oh my guests have to say on quadriga. margarita on d.w. . cut. zimbabwe faces its worst power cuts in 3 years and public anger is rising but the country is stuck in an economic crisis even former president mugabe is auctioning off some of his assets. also coming up counterfeit or poor quality drops off threatening hundreds of thousands of patients on the african continent we go live
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to nairobi to find out what's. done to fight taking drugs. and no end in sight with the u.s. china trade route as beijing an ounce retaliatory tariffs on u.s. goods in response to washington doubling its telling. come to do business africa monica jones and berlin good to have you with us and we are starting in same barber which has throttled its energy output in a bid to conserve a dwindling supply of electricity the state power utility has introduced rolling power cuts that will last up to 8 hours a day those outages are more than just inconvenient they could cripple key industries especially mining which accounts for more than 3 quarters of zimbabwe's export with a country already in a deep economic crisis public anger at the government is growing now that crisis has seen shortages of u.s.
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dollars fuel food and medicines as well a soaring inflation that is eroding earnings and savings to ease some of the pain were citizens and are helping themselves to the assets of former president robert mugabe some barbarians flocked to former president robert mugabe's farm after learning that his belongings were up for sale the auction was organized to raise money to pay off the debt to an unidentified lender the equipment on offer included trucks tractors and luxury cars. bargain hunter victor soprano describes his strategy for finding a good deal. if you come to. believe he did the right between this. is would. be in his wife own several farms despite the fact that the law prohibited individuals from owning more than one. it means.
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it was a security. mugabe ruled zimbabwe for 37 years before being ousted from power in 2017 he's due to return to his home country later this month after receiving medical treatment abroad. the doctors have called for an urgent international efforts to combat what they're calling a pandemic of bad drugs sold to kill hundreds of thousands of people globally every year researches of the london school of hygiene and tropical medicine estimates that every 10000 drugs sold in low and middle income countries is either counterfeit or of poor quality and the problem affects almost the entire african continent. may the capital of new share not long ago a counterfeit meningitis vaccine was discovered here the world health organization warned the fake drugs offered no protection against a deadly brain disease the w.h.o. also recently issued a warning for cameroon where
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a counterfeit hypertension drug was found it contained an ingredient that actually makes type but pressure worse cameroon customers had confiscated thousands of the pills. the problem affects almost the entire continent between 20132017 counterfeit or poor quality medicines were reported at the w.h.o. in more than 30 african countries most of these fake drugs came from china and india. but there is also a ray of hope in 2018 tanzania became the 1st country in africa to establish a well functioning regulatory system for pharmaceuticals. of i'm well it's bringing a joy during bay one who joins us in nairobi good to have you with us tell me what makes african nations such an easy target for fake or substandard trucks well one of the reasons ease of portability was so be substandard don't count drugs are actually more affordable than the authentic or very bright drugs which makes it
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easier for people say in settlements and those who are uninsured and cannot afford proper health care to its jobs also we've got correspondent is in kenya and the neighboring countries as well as the drugs make it into the country and out of the country quite easily and despite the fact that we have systems in pleas you know it's quite hard. to gauge this knowing that the level of compromise is quite higher in developing countries and we just heard in this report the times and has a well functioning regulatory system for pharmaceuticals could this approach be a blueprint for other african countries. just like kenya and other developing countries like iran that do have these systems in place but the level of compromise or we can actually sum it up as corruption is quite high where these drugs are let in and they come in from different countries like
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guru and china as well as countries like hungary and make their way into developing countries and so it's a bit odd considering that even the consumers do not know the difference between authentic and sap standard or count of ajax but the systems are in place but yet we still see that in a country like kenya 30 percent of the total drugs that make it into the country are counted feet the problem of course as you mentioned earlier fake drops are often cheaper than the authentic metson even if you can distinguish between the one and the other but of course they're still too expensive given the fact that they can be fatal what all the people what other patients saying about the problem. seeing anything about the problem would actually be a tough call considering the the bigger population that consumes them can't tell the difference between cons of food and substance and also the fact that these jugs
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contain just a fraction of what the active ingredients shootout were the active drugs should contain and so all the knowledge is very little but companies are technology companies like i.b.m. research are suggesting to introduce not change technology that can vary from i treat ability and track ability to hold authentic drives and also they're able to detect which ones are very bad for the population really these little knowledge about it and also of the influx of these drugs cannot be caught out if say the anti counterfeit agency in kenya and the kenya bureau of standards i'm not taking stringent measures to come. all right joy to read their reporting from nairobi thank you so much. in other news now and the u.s. china trade route is taking on new proportions stocks in both asia and the u.s.
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took a beating today as washington and beijing raised the stakes entering a new face off tit for tat terrorists u.s. president denied that he was consumers would pay for higher tariffs on chinese imports and he wants china not to follow suit but beijing said it would not swallow any bitter fruit that harmed its interests. china's response to washington's lightest tariffs was as swift as it was predictable beijing says it will impose additional tariffs of 20 to 25 percent on $60000000000.00 worth of us imports. raising tariffs will not solve any problems but china will never surrender to external pressure we have the determination and the ability to safeguard our legitimate rights and interests. more than $5000.00 u.s. products including american airplane parts and liquefied natural gas are among
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exports to be hit by the new tariffs from the beginning of next month washington sanctions announced on friday activated a new 25 percent duty on nearly $6000.00 categories of products from china. after announcing his new tariffs president donald trump took to twitter to assure his people that china would foot the bill for them saying we will be taking in tens of billions of dollars in tariffs from china but on us t.v. one of trump's chief economic advisors was forced to admit that u.s. citizens were going to be splitting the bill with chinese consumers despite beijing's bluster by setting the june 1 date rather than making the retaliate 3 measures immediate china at least appears to believe that the 2 economic powers can find a resolution. the united arab emirates has launched an investigation into attacks on oil tankers near its waters saudi arabia says the ships were significantly
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damaged claiming it was an attempt to undermine the security of global crude supplies. around a 5th of the oil consumed around the globe is transported through the strait of hormuz which has shipping lanes just a few kilometers wide every day tankers loaded with between 17 and 18000000 barrels of crude make their way through the narrow waterway which has long been the focus of regional tensions oil futures rose on the news of the attacks while stock exchanges in the u.a.e. fell by over 1.5 percent in early trading on monday the attacks reportedly took place in the waters off food giant a major port and bunkering hub in the united arab emirates no fatalities have been reported so far and no one has yet claimed responsibility the strait of hormuz has been back in the news lately after the u.s. ring imposed sanctions on iran it hasn't turned threatened to close the key waterway in response. pakistan has reached an agreement for
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a $6000000000.00 bailout package with the international monetary fund the cash will be paid out over a period of 3 years and will require the country to reform its public finances and slash public debt but will it be enough to tackle the country's economic crisis. pakistan is no stranger to cash injection from the i.m.f. the latest bailout will be the 13th it's received since the $1980.00 s. the country's finance minister says he hopes it will be the last but that will depend on the government's ability to tackle some pretty major economic problems. like inflation which rose to 8.8 percent last month soaring government debts currency had well over 70 percent of g.d.p. projections for a slowdown in growth from over 5 percent in 2018 to just 2.9 percent this year. the terms of the deal require pakistan to give up central bank control of its
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currency in favor of a market based exchange rate. the i.m.f. also wants the government to improve its management of public enterprises and to end subsidies and the power and agriculture sector is. it's these kinds of conditions that prime minister imran khan had previously riled against seeking to raise billions of dollars in funds from countries like china instead. but in the end it wasn't enough now and once again pakistan has been forced to turn to the i.m.f. for help staving off an economic disaster. and that's it for me on the business africa team here in berlin for more just go online to g.w. baseness dot com follow us on facebook and twitter thanks for joining us.
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still needs the e.u. . and journey across 4 member states. critics and advocates of the speaker. what are people expecting. how is the
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e.u. doing as the european election approaches. 60 minutes on. the sex phone operator who worked her masters thesis on the potato from. the turn on the float it's more words that there was from their. true true last 3 marilyn strange. secret. this is new news africa coming up in the next 15 minutes fresh talks between prices and on the ruthless kicked off in sudan to date this as thousands of demonstrations all still camped outside the military headquarters demanding a civilian government. and honoring the women left south of zambia's history talking to the founders of the park cost of museums.

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