the u.s. secretary of state's mike compare has met with chancellor angela merkel in berlin talks were cordial but there was no meeting of minds on u.s. trade policy towards china and on relations with iran. you're watching the dollar news live from berlin up next business africa with one of the one of the jet engines a minute hoops mackinnon thanks so much for watching. where i come from we have to fight for a free press i was born and raised in a military dictatorship with just one t.v. shadow and a few newspapers with official information as a journalist i have worked on the streets of many characters and their problems are always the same or do the social inequality a lack of the freedom of the press. corruption who can afford to stay silent when

it comes to the fans of the humans and see them right through foals who have decided to put their trust in us. my name is jane paris and i work a d.-w. . south africa launches a c o 2 attacks to clear the air but a big energy users of warm the carbon tax will weigh on the nation's already struggling economy also coming up is africa's history as a front a colonial relic or is it a stabilizing economic force. welcome to do business africa i want to get jones in berlin good to have you with us and starting with south africa which today reported fresh data showing the. ptolemy is far from robust its trade deficit came in at

under 3 and a half 1000000000 rand in april with exports falling 1.3 percent month on month it's not surprising then that south africa's plans to introduce a c o 2 tax that burdens industry is being met with mixed response. it's a rare step for an emerging economy. south africa has become the 1st country in the continent to introduce a carbon tax. starting on june 1st companies whose activities produce greenhouse gases above in a loud threshold will have to pay just over $7.00 euro's per ton emitted carbon taxes for africa it's a collaborative effort by the south african revenue service and national treasury and government in order to allow companies to reduce the greenhouse gas emissions as south africa is one of the the biggest emitters throughout africa the tax will boost government coffers but its objective is not raising state revenue the goal is

to protect the environment and join the global fight against climate change but africa's into the into the 25th in paris agreement which comes into effect in 2020 we have been placed under quite a significant amount of pressure in order to implement and some form of making as them for companies to be able to reduce their greenhouse gas emissions. but there will be consequences especially since the country is largely dependent on coal to generate electricity. and industries not entirely convinced the road forward will be easy the americans understand the imperatives of the green economy and the environment but we are quite concerned about the uncertainties around the carbon tax because none of the regulations of its implementation have been really clarified. various figures in the mining sector believe it will be difficult for an already struggling industry to implement the tax while remaining financially viable and no one knows what effect if any the tax will have. it's are on the

allowance as an initial phase it's around competitive countries where we could get an allowance. and that would make it very difficult for for the mining some of the mining companies to continue work because it's a substantial cost for south african economies currently starring some fear this additional tax will create an unnecessary financial and human history of burden in a country with low growth rates and rampant unemployment for more let's cross over to philip divest associate editor of business insider south africa and john is the chatting with us please tell us which sectors the last sector would be hardest hit by the c o 2 tax at this stage it looks as if the economy as a whole states this burden because new you get back to the carbon tax will be a levy on steel so that it will in the diesel that really drives our economy in south africa will it. so that'll give you a very even distribution of the economic impact after that we expect the mining

industry to see quite a heavy impact and it looks like the electricity sector will not be read year to hit thanks to offsets and allowances and the use of green energy there it looks as if electricity prices won't go immediately but we do anticipate that it results you will see increases in the sweden seafood prices increase in general inflation increases a result now given the fact that the south african economy is struggling as it is is now the time to introduce such a tax. this is the burning question in south africa employment is the major political issue facing the country at the moment for instance here of this week change the name of the department of labor that the ministry of labor to the department of employment and labor he's putting his political future on the line is saying that jobs his is the primary thinks unemployment has this to 15 year high and the economy is struggling now to introduce this tax at this point they need people say this is absolutely insane move the same time what we're hearing from the

government side is that south africa must now start to decouple from carbon otherwise we won't see the foreign inflows we will see foreign countries and companies and even individuals who are no longer willing to invest in carbon intensive economies who live money out so the argument is that in the long run this is the smart economic thing to do the right fit a day that this has edited this is inside a south africa reporting from your hand a speck about south africa introducing a c o 2 attacks thank you so much. and now to some other stories making news around the world. in the u.s. a court ruling is forcing bios of scituate monsanto to help clean up dozens of bodies of water that were contaminated with a hazardous chemical can see the company's already struggling and expensive lawsuits because of its read killer round up and court cases are piling up causing furious fire shareholders to question the months on to purchase.

british telecom mobile phone provider either is the 1st in europe to launch a high speed 5 g. service the 5 g. net will be available in parts of 6 cities including london birmingham and belfast ota phone will roll out its own 5 g. network next month 5 g. offers almost instantaneous data transfer needed in strategic sectors like energy transport banking and health care. and in peru potatoes are now in the limelight of the country boasts over 3 and a half 1000 different varieties of the tuber many of them are on display at the 10th annual festival in lima where people from across the country come to celebrate their different flavors colors and forms. now in the u.s. doorstep of president donald trump has said he will levy a 5 percent tariff to all goods coming in from mexico unless mexico curbs migration

across the u.s. southern border the tariff could rise to 25 percent in october on a tramp once mexican authorities to do more to combat illegal entries to the u.s. mexico's president under my will not his obrador says he will respond with quote great prudence to translate his threat and that it won't stop his country ratifying the united states mexico canada agreement. and some praise the french backed s r c f a franc for its stability of this denounce it as a colonial hang over so what is it about. out the sea of a frank that is used by around 155000000 people in africa that get so many of them riled up the currency is used in west and central africa by 14 countries both regions have their own central banks but the s c f a frank is packed to the euro and it's guaranteed by the french treasury in return france requires c

f a members to deposit at least 50 percent of their foreign exchange reserves currently about $10000000000.00 euros into a special account in the french treasury and they have to keep the inflation rate below 2 percent critics say that with the c.f.a. franc tied to the strong the euro member states cannot influence monetary policy to boost their economies competitiveness that there is something to talk about now with wendy passé from africa who joins us now from a studio in brussels wendy good to have you with us now listening to the concept of the see if a frank it's somewhat sounds anacreon istic doesn't work. hi 1st of all before we go free in this debate i just want to say that it's an economical debate even though these days many people bring question on the front safe when they're talking about it i think according to me today the big problem is

the fact that fancy fire is coming from a colonial time and also because it's linked to the euro and some people say that the fact that it was a phase linked to you will allow people to may to make more exploitation then importation and this is a big cause sequence for the continent especially the african continent and this is also something that can stop then just and utilization of the continent so there is a big debate about it and i think that today. we need to have a clear communication about dystopia so let's let's try and clarify it when there is this debate and people say there have arguments in favor and arguments against which argument has the upper hand which is the more realistic one. i think both voices need to be heard because today if you look in the african continent especially if you told me of some economist there will tell you that the

force a friend need to be reformed they just wanted to be changed by something new but they don't know exactly or they're not giving exactly what new what newco currency need to be changed by different safer and i think also for most economists they say that difference a fire is a tool of economic domination used by friends against african country this is an argument but i think it's not the only one argument i think today people are all involved that means african states friends economists and all the people involved in this topic need to sit down on the table and try to find something for everyone involved read differently for and who is using it in these daily life right of india bashing different africa thank you so much for sharing your views on this topic with us thank you. now then coffee is becoming very popular in china big name coffee shops popping up everywhere it has the reputation

of being the land of t.v. but china now produces more pins than coffee powerhouses like costa rica and kenya combined. they've arrived in every major city international coffee chains are popping up all over china with a caffeine fueled enthusiasm starbucks opens a cafe here every 15 hours and suddenly everyone has their favorite coffee down to trim a flak no sugar for them aka. a latte but as well as serving domestic demand china is increasingly helping the rest of the world get its coffee cake in recent years many farmers have converted to the crop some of them doubling their income to around $10.00 a day something worth singing about. what. before i grew corn and potatoes but i made much less money than i do now with coffee. coffee. once famous for tea is now china's coffee capital the 1st plants were reportedly

brought here by french missionaries some years later china is now the 13th biggest producer in the world culture by which a lot of the top plantation is located near the tropic of cancer it's a very favorable area for coffee cultivation as altitude climate and $1800.00 millimeters of precipitation per year it's ideal image and energetic. from vane to cup china is embracing coffee whatever form it takes. this is the a business africa for me in the team in the lead thanks for getting this company.

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beatles quite so much to sing along to you to stick on but from super. to. interactive exercises. everything is online and interactive learn german just for a listing tell you. this is data being news africa coming up in the next 15 minutes mozambique's a bid to rebuild the devastated city of beirut is hosting a u.n. back to meetings raise billions of dollars needed to repair the damages posed by cycling's it die and get it fast some people have not even received aid. and the office space and i just about that's all about to light the so museum doubles as an experiment on environmental sustainability missing people experienced an alternative way to living in any.