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tv   Business  Deutsche Welle  June 21, 2019 8:15pm-8:31pm CEST

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to nail the final score the usa become the latest team to go through with a puffy record of 3 out of 3 wins time show again why they taped to go all the way . you're watching to w. news coming up next it's business africa airlines are scrambling to assess the risks as u.s. or anyone relations are get even more intense and some carriers bypass the strait of hormuz. because the effort is free with you with that and much more in just a minute i'm terry martin thanks for joining us. it's been 50 years since the moon landing. she was the 1st man to walk on the moon . as
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a small boy she dreamed of the stars. as a pilot she says anything no matter how to. make sure to go to the pole. is an astronaut and he took part in the greatest adventure in history. in a large strong was his destiny starts july 20th on t.w. . a dispute over campari insomnia is rattling foreign investors as the government looks likely to nationalize top of mines that are increasing worries obama resource nationalism is that necessarily a bad thing. and thus the conflict between iran and the u.s. over talks on ships is heating up the u.s. . us registered.
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on the show rags to riches ties style. a song of a fisherman is making millions today. fish on facebook. this is business africa. if it's a dispute between the government or an indian mining giant vidanta is raising borys over the nationalization of resources in africa zambia as the continent 2nd biggest producer of copper more than 70 percent of its g.d.p. depends on its copper exports it can see it's obvious for biggest mines the one that's been making headlines recently is this one here run by call a couple mines ok c.m. in may the zambian government decided to liquidate the business a breached its license and sell it to an outside by this dismayed vedanta of course
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which holds an 80 percent stakes stake in the case compared with the zambian government's 20 percent yet zambian courts have ruled that the indian company cannot take part in the liquidation process that is shaken the wide of mining communities driving up fears of resorts nationalism and driving down international copper prices to talk a bit more about this story joined in the studio chimbo. to tell us why is there such a big dispute over k c m out of there come about well there is a dispute basically about who owes what money to whom the government says the down to old that money in taxes and the down to says as i'm in government that money in some of the v.a. t. o. value added tax it has paid on the copper and that is part of the problem but the main problem is the legal proceedings as you mentioned earlier. one hasn't been involved in liquidation proceedings it was actually started by the minority
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shareholder which is the zambian government and they are the ones who started the insolvency proceedings that led to the quotation to liquidation of case yeah and that is the major problem so the downs are really has taken issue with the fact that they are not part of the legal process that could see them lose the mine there are fears now that government is nationalizing its resources is there justified and why would they do. well is it justified most people would say probably not because like we've said the legal proceedings haven't seen the downs i like participate in them but in terms of what's going on the zambian government is cash strapped they have public debt of over 70 percent of g.d.p. and that's an issue so a lot of experts are saying this could be an effort of the by the government rather to actually raise some cash by selling the copper mining operation which is owned by the down south and that is kind of the worry at this point and this is the major
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the major issue isn't zambian government doing this out of desperation. so what's going to happen is with zambia's copper riches well there's been government says this is a one off this is an isolated case and it's not about the whole of the mining industry so the glencore as well has the mining operations in the country and so does the canadian company 1st quantum minerals so they the government is saying that they won't be affected by this in terms of case we might see them get a new buyer maybe next year or next month rather there's i'm going present at that they might be able to get a buyer. buyers lining up in 5 different countries including canada china russia turkey and it will be apparent to everybody everybody wants a piece of the copper mining industry in zambia at least according to the president we don't know what will happen but maybe the next 4 weeks we'll find out stay on that story of course what is really thank you very much. of turning off the
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internet to stop students from cheating well it sounds crazy but that seems to be what happened in ethiopia is weak internet penetration is still low there but the country is rapidly modernizing more and more students are using their smartphones to go online even the growing software developer sector since the government controls the only telecoms provider in the country made it easy to pull the plug to stop students from cheating in the final exams. now let's bring in the joy the ring bearer from nairobi joy switching off the internet for the whole country what did businesses in ethiopia have to say about that. well businesses in ethiopia were quite quite upset you know because of the internet access in ethiopia is pleased that 37 percent we are also looking at the fact that if you be hosts and international organizations because it's home to the african
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union and so by extension of course there are so many services that would be affected and so businesses were saying that you know the government needs to come up with better ways to linage the students cheating or come up with better mechanisms to lead me to students shooting because this is hurting their businesses the figure is being pleased between paul a $1000000.17 new $1000000.00 a day lost just because of the internet shut down and these internet and outages started a little 10th of june all the way into the 19th of june i was in added suburb or between the 17th and 1000 on june and i could actually tell the internet during the day was really bad and when we came back in the nights when it was business so i have actually closed shop. one of the long term effects on these there of these decisions in the country and one of the fastest rising economies in
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africa briefly if you can draw. well one of the biggest effects here is investor confidence because this is not the 1st time that ethiopia has shut down the internet and it also doesn't help that you know these are only a one internet service for you or your talent cold and so we are looking at many businesses continuously using virtual private networks or big against 2 ounces internet every time it's shut down and the cost is not passed on to the customers and so this investor confidence that is going to be affecting if he'll be a is likely to actually also bring down the number of investors coming into the country and also we are looking at the fact in the long term should this continue it's likely going to affect just how much the country makes because we have seen that if your bill is one of the fastest growing economies in africa but should this continue to happen and that is likely to come down try to remember i thank you very
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much. as a military clash between the u.s. and iran looks only to have been narrowly averted the tensions are making the air above iran unsafe some of the world's biggest airlines avoiding flying over a section of iranian airspace after a u.s. military drone was shot down america's federal of aviation administration has banned all u.s. registered passenger jets from passing through iranian controlled parts of the gulf of oman and the strait of hormuz other carriers are also taking action. a global hawk drone like this one has a wing span greater than a boeing 737 after one was downed over the strait of hormuz the u.s. federal aviation administration began to fear an actual commercial jetliner could be next the f.a.a. says the nearest civil aircraft was around 80 kilometers away when the strike happened in the busy section of sky he clearly thinks that's too close for comfort and is banned u.s. registered planes from flying over rainy administered waters in the persian gulf
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and go for them on warning they could be mistakenly attacked that warning has been heeded by other carriers around the world malaysia airlines is rerouting flights that would normally pass through the area including its service between london and kuala lumpur. other airlines feeling sufficiently alarmed to follow suit c. includes germany's loved australia's quantas k l m of the netherlands and british airways they all say they'll divert around the area effecting some long haul flights between western europe and parts of asia and australia at the same time united airlines has canceled all flights between new york among by until further notice. u.s. media reports that president trump ordered military strikes against iran on thursday before changing his mind pushed up oil prices traders have begun to worry that an escalation could disrupt flows from the middle east meanwhile the flow of traffic through the region is already being restricted. now to some of the other
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global business stories making the headlines today bank of england governor mark carney says britain will face e.u. trade tariffs in the event of a no deal breaks it is commons dismissed a claim by a leading prime ministerial contender boris johnson that international trade rules would keep britain high and dry deal or not doing. shares and workplace messaging companies sloc have soared 50 percent in its wall street did you giving the app a valuation of about 20000000000 dollars dollars a steep loss last year 600000 organizations now use that are. now selling seafood on facebook law if yes that seems to be a thing in thailand and thousands of hawked this is the story of a poor fisherman's son who is making a 1000000 a day now not yours of dollars admitted lee but boss nonetheless it's still a lot of money more than $30000.00 euros a day is true rex to riches story. take it
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take it it's delicious it's awesome that's how a new rack sero a time advertises his fright seafood on facebook thousands of watching and buying the lifestream is very popular across thailand thanks to his mixture of fun and insider tips that will allow you don't use all obvious all by feed the audience with ideas of me as a fisherman who knows all about the seafood products that i'm selling. well i know when is the best season to catch seafood and which part is the best to eat so let me choose for you. in just 3 hours he and his team can sell around a 1000000 bonds worth of dried shrimp squid and fish that's 30000 euros worth of things haven't always been successful. overboard in my job gardener i started by trying to sell 3 kilograms of squid that i bought. i fried it to make it
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look more interesting and i did the facebook live. but i didn't make any sales at all by we do or have a dog in the works wonders. he then turned his broadcasts into a show that is fun to watch and on top of turning a profit he's also helping his village the fisherman now sell twice as much fish as they used to he's come very far for someone who says that he's not a natural seafaring talent it seems his online sales talent more than makes up for that. maybe there's a career for me that said from the business team. do not go away africa is up next right after this quick look at global.
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africa. cycling calling you know every coast young artists are dismantling old telephones and transforming them into most of. the creative way of putting a new face on electronic waste. 60
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minutes. how about taking a few risks you could even take a chance on. don't expect to be entering. the church. this is africa coming up in the next 15 minutes and preset into demonstrations and thousands have been out on the streets in 3 cities they're disputing the results of the may 21st election that he got reelected they say they want the system. for their prolonged involved do justice to resign and get up.
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and take him to one of those involved waste maximum security prisons.

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