and we'll have that story on top of more off 5 days of business updates in just a moment columnist with obama world news of the top of the hour and in the meantime of course there's always the web site that's t w dot com have a good. dump you don't. have a good. place . for. our consumerism is causing a radical depletion of forests. for 25.

spans of. forests and money. a tragic reality behind the exploit. starts july 24th on the job. the global grounding of a 737 max drags on it's causing us to make a boeing billions of dollars fall and there's no concrete timeline for the.

passenger jets take up. increasing uncertainty over sudan's transition to democracy could lead to economic collapse. and it has brought businesses bolster security as traffic jams leave commuters facing a new crime wave. and painful that's their business 2 deadly crashes in indonesia and ethiopia a long list of lawsuits and the aircraft at the center of the controversy still hasn't been fully fixed boeing hopes to get regulatory approval to return the $737.00 max to the skies in the 4th quarter but the timeline is only a guesstimate and the plane makers announced billions more in extra costs surprisingly boeing stock took off as wall street opened investors obviously feared worse. it's the company's best selling plane and a model that's become synonymous with tragedy regulators grounded the 737 max in march after the deaths of 346 people in 2 crashes blamed on faulty software.

the move led to the cancellation of thousands of flights. for which boeing is now counting the cost the company has set aside $4900000000.00 to compensate airlines and their customers boeing has also reduced production that will cost the company around another 1700000000 dollars it has warned investors to expect profits to plunge as a result the announcement comes just days after the u.s. house of representatives held a hearing on aviation safety among those who testified was paul. who lost his wife and 3 children in the ethiopian airlines crash in march. born should not be allowed to act like a mere investment company extracting world to supercharge shareholder returns at the expense of safety and quality their leadership should change in favor of

engineering sooty focus. earlier this month the plane maker announced it would be creating a $100000000.00 fund to support the families and communities of the crash victims the figure is around the same as the list price of a single 737 max boeing says it expects the model to be back in the air by the end of the year but the shadows of the ill fated model will be cast far longer than that dozens of lawsuits are still pending and boeing's reputation for safety may have been tarnished for ever gonna central bank has left its key interest rate unchanged at 16 percent but why so high when the international monetary fund describes the west african economy as a rising star or one reason is an inflation rate of over 9 percent but that's within the bank's targets and the overall trend is promising the cost of borrowing was even higher at the start of last year a staggering 20 percent well that's been coming down coinciding with the period of

solid growth from 2014 to 2016 growth was weak now the pace is picked up significantly with a year on year real g.d.p. growth rate of 6.7 percent well for the 1st quarter at least high external demand for 2 of its primary exports cocoa and oil have both been driving growth together they account for around a 3rd of its exports well isaak kalid c joins us from accra in ghana why is the cost of borrowing there so high for people. so high for many reasons the key ones include the cost of running banks in ghana cost is so high that they need to find a way to take care of that and that means that they need to charge as to the monies they give out the other reason has been the economy even though some growth is

being recalled it is not expanding as much as you expect so when people go for loans not able to make the need to retain and pay back their loans that means that we have a lot of non performing loans and so bongs are not able to retrieve these monies back and so it makes it difficult for them to even go again and so some of these structural problems within the system makes it difficult for people to borrow and it's very expensive and high. in this part of the world at the same time what about ghana's currency the cd how is it holding up following this announcement from the central bank well for most parts of this month it hasn't really given much value compared to foreign currencies and this decision has not helped in any way really because the value continues to drop and so we are yet to see whether in the coming days some value being gained by the cd but currently it doesn't gain

much value ok i like bt for us there in a crowd gonna thank you very much for the update. political chaos reigns in sudan the transition to democracy is doubtful despite a power sharing deal between the ruling military john to and civilian protesters now there are fears the uncertainty will be too economic collapse. on the surface at least life goes on in khartoum. at a shopping center in the sudanese capital local residents continue to browse for the everyday essentials but the times are far from normal protests of ridge here for the past 7 months 1st against al bashir then against the ruling junta it was economic concerns that spurred the initial protests against the al bashir government last december. the sudanese economy shrank by 2.3 percent in 2018

and continues to worsen a fragile deal has been struck but uncertainty remains the fear is that the political chaos will lead to economic ruin. the best that it would i want to buy things that there is no money thanks be to god i have 7 children and i can't provide for all of them and this is the general situation in sudan it's very bad not only for me we don't understand what is happening we need to understand what is happening in this country that. local business people are concerned that the longer the political uncertainty continues the more likely a sudanese economic collapse becomes. currency rates rely on political stability economic stability and trading policies with foreign countries all these factors need to be taken into consideration to find solutions so what we need is political stability in sudan to have economic stability which will benefit all sudanese people. you know. where the shops. even if

democracy is restored successfully in sudan the new government will have its work cut out on the economy the value of the sudanese pound has plunged inflation is rampant and the country has a massive debt a 50000000000 u.s. dollars. now to some of the other business stories making news by his welcome to you ways judge's decision to cut the damages aboard to a california couple a jury found its life to save face we kill it because they can't but the judge says $2000000000.00 was too much of what is the case we tried by a faces huge legal bills over the herbicide roundup which is produced by its subsidiary monsanto. is going is reportedly suing the sun and it's a bishop for unfair dismissal the former boss of the renault nissan bits of vishy alliance was arrested in november and faces multiple charges of financial misconduct which he denies is also claims the japanese comic is did not provide

enough evidence for the allegations against him. and china's massive pig farming industry is struggling continue to contain african swine fever herds have been devastated coal prices soaring in the country has ramped up imports from the e.u. and brazil to meet demand china's domestic peacoat is down 60000000 from last year . so south africa a logistical nightmare in johannesburg is forcing private businesses to bolster security officials have had to close the city's busiest highway and now traffic jams and leaving commuters open to a tax sparking a crime wave. this johannesburg highway usually carries about $12000.00 vehicles an hour providing a critical transport artery through the east and west of the city. but it has been closed since much after being built in 1961 without any water proofing allowing water to seep into its concrete pillars it was not in

a position to carry any traffic load it so 12 void any potential disaster the city had to make a cordon closed and close them to. the city has been forced to undertake emergency repairs to prevent its complete collapse but getting in and out of south africa's economic hub has now become a risky business with commuters becoming vulnerable to attacks from opportunistic criminals. traffic lights are not synchronized to manage high vehicle volumes in a in a city leading absent one of the country's big banks to hire private security to work with police and keeping drivers safe in bumper to bumper traffic. but some potential visitors are now too afraid to venture into johannesburg leaving many in the hospitality industry out of pocket as you can see this traffic pull that that

is being created by the closure of the highway that directs around the johannesburg in the city and this has led to a 70 percent decline in office in us. would be great if the government could take action in getting this highway finished so that people can be or people can feel welcome back into the city and be able to have easy access. access to the world's largest contain a dry port has also come under severe pressure deliveries from the just tickle companies are being pushed back by days or even weeks. truck drivers having to add hours to already long journeys also scared for their safety. it got me and then i can't easily get in or out you need to take a detour for the traffic lights junctions in the evenings it's even more dangerous because you run the risk of being hijacked to break your windows or steal your goods by climbing on the lorries and cutting open the canvas canopies still you

could city authorities claim work will be done in october 29 teen as we stand today we are now on schedule on track but like it like any other construction project there's a number one set in tools but with the national economy already tanking johannesburg won't be able to wait too long. kenya has opened africa's largest wind power plant which it hopes will supply a 5th of the country's energy days 618000000 euro project is located on lake turkana has been bought by delays and setbacks but with the wind park online developers say it's a strong signal that kenya is ready for new business opportunities. nicer business with you.

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the ship i'm tired of the cretin. concept for success in the tourism. you know. 60 minutes. story says that people who go for information provided. the means to want to express g.w. on facebook and twitter coke addict and in touch. from the us. this is the deputy news africa coming up in the next 15 minutes a gesture from the germans an audience that polluted by clearly a mist in the late 19th century is finally on its way back to namibia we are if

that goes far enough. ahead beyond says' lovelace said to africa and the pope mobile.