tv Business Deutsche Welle August 2, 2019 7:15pm-7:30pm CEST
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story they'll give you access to all the latest news from around the world as well as push notifications for any breaking news and of course you can also use the deep w. app to send us your photos and videos. on my lock for now thank you for spending this part of your day with us i'll see you again at the top of the hour say to see my colleague episode of. what secrets lie behind these memos. find out even the most of experience and explore fascinating group cultural heritage sites. the d w world heritage 360 the good. deal going to an official estimates more than 1200000 venezuelans live in colombia legally and illegally. i'd return to.
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visiting friends i don't think i'd ever go back there to live you know what i live there again i don't know so i'm not sure. with news global news that matters the need for mines. to trade wars escalate global stocks love the world's economic giants are in an all out brawl growth is suffering the consumer is next. after fuel price hikes electricity towers surge inflation is already crippling zimbabwe's economy is set to spring is here. and an african success story puts even more shine on its shoes soul rebels are expanding in ethiopia and bring. a painful let's do
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business analysts say u.s. president donald trump's chinese tariffs have hurt merican consumers and producers and beijing wants to hit back japan and south korea's trade tiff is also escalating both disputes heating up as global growth slows down. many economists say it's u.s. customers that could end up footing the bill of trump's new tariffs from september 1st on americans may have to dig deep and their pockets when they buy textiles laptops and t.v. sets made in china has virtually all chinese products entering the american market will then be subject to import duties china says it's a retaliate many analysts fear the trait was poised to trigger i don't want spiral hurting everyone not just china and the us. you or me the u.s. tariffs are implemented china will have to take necessary countermeasures to firmly safeguard the core interests of the country and the fundamental interests of the
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people changing all the consequences will be to. can buy the u.s. . at the same time there's another trait water taking place that's worrying investors the one between 2 asian powerhouses japan and south korea people in seoul protested outside the japanese embassy as soon as the new saw fresh japanese export cups rich south korea and south korean president in described japan as a selfish nuisance and one of the consequences of. my own equivocally warned that the japanese government will be held entirely accountable for what we learn fold going forward japan attempts to harm our economy the korean government also has countermeasures with which to respond. to the. earlier and took your the japanese government said it would drop south korea from its white list of preferred economic partners that will make it more difficult for japanese companies to sell
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some key goods to the south korean ship industry or the announcement could hurt samsung and other big korean companies seoul says japanise retaliated against its court rulings that ordered japanese companies to compensate south korean plaintiffs for their water time labor during japan's colonization of the korean peninsula all these frictions warry analysts they believe the rise and protectionist policies could lead to a worldwide recession. since hyperinflation a decade ago and your budget this week has done little to raise hopes in a country that struggling to deal with rising prices and shortages of everyday ascensions. arriving to cheers and a standing ovation president. is a parliament in herrera listen to the finance minister present a supplementary budget but this is not a time for celebration in zimbabwe water shortages. long queues for
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fuel and electricity blackouts which affect almost every part of national life this is where the zimbabwean economy is and 2019 in a speech to parliament finance minister today nuba announced some new measures with production and a major lol there are serious grand shortages he promised grant distribution packages to rural and urban areas and also more bad news for ordinary zimbabweans a dramatic rise in the cost of electricity already in very short supply. although. it's all one who almost all. will. be the electricity hike is expected to add to
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the inflation crisis in the country currently stands at a massive 175 percent. by how much inflation will increase will be hard to find out though the finance minister also told parliament in a speech that the government would not publish price data for the next 6 months due to on rast over surging costs and shortages. these are interesting times for ethiopia the economy has been undergoing reform since prime minister b. op ed was elected in april last year but it hasn't all been plain sailing although ethiopia is one of the fastest growing economies in africa it's still a growth figures coincide with a shop rise in inflation from just over 9 percent last november through around 15 percent last month and internet shut down since a coup attempt in june a wiring many theo paeans the pm says he wants the internet to help drive
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development but he also says the shutdowns a necessary to save lives and even suggests they could become permanent. published today lemme splits her time between ethiopia and germany let's go over to her now what's it like trying to run a business with the internet down. well it's a it's nearly impossible particularly when the government turns states and it's completely off. and then we can go to 22 after my eyes they have turned it off completely and nobody had any access some type of state turned off and you may get access to you know expensive fast connections in hotels and other places but when they do close it or completely it devastates they kind of me it devastates the people who are trying to make you know the estimate people are forced to travel to neighboring countries like kenya to see the simple things like
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checking your email so they impact is severe and a pattern economies of more severe that's pretty crazy but if it's to save lives amid the odd rest as the pm says until it will be justified on any insight is that do you believe that lie well you know the government has it just a travel reason to say so but there are other means is that they could increase the security and the safety security of the country's population that shutting down the internet if you know it's understandable that particularly the social media and the polarization the social media inside to mint and all those things in that country where majority of the young people consider social media as the internet itself it could be understandable but i don't think it is justifiable the government must find other means and other ways to secure peace and security in their country than just standing down the intonate in the meantime the prime minister is trying to reform the economy how successful would you say he is. well we haven't seen the
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results of the cut going to reform of the economy yet they are trying to partially privatized some of the state owned companies and that hasn't been implemented yet but they are in a good truck to that end and it hasn't been without controversy of its own of course that we're going to have to wait and see how carefully they will be doing these passion privatization of some of the giant state owned enterprises including they see the netherlands which many people do not agree with so we will have to wait and see how this is going about but from the way they are doing it so far i think it's a carefully measured. act that government is doing and they do have some good people trying to revive the economy rather you know come up with policies and how the government is going about it is not was out of controversy of course but there is that is not there yet but just yes or no we can place and so why is the country
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headed in the right direction. it depends on who you us you know there are people whose economy was whose business activities have been really really hurt during the previous administration people private enterprises for example had no chance whatsoever to compete was state giants so it depends on who you are asking but they flourish and in fact is growing and that's a warning tendency and that has to do is a multiple of factors including the over regulation of the currency by the central bank and enough that they're going to meet in that country and in a country where 80 percent of its imports is coming from outside and using the foreign currency that reserve for a currency the country has and so there must have been factors that are close to the team to the inflation rate and i don't think that measures that the government is doing are enough to address it i do hope that you know the preceeding measures
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that they are talking about now may hold water in the future but right now inflation is a big warry indeed and i thank you very much for joining us here on to go with you thanks for having me oh it's sometimes being called the nike of africa and is run by one of the most successful business women in ethiopia so revels prides itself on being sustainable and paying above the average wage. so partially made out of recycled car tires assembled with hand within cutting on average one shoe goes through 15 pairs of hands in this new warehouse west about this above room 100 employees work to produce one of africa's most successful shoes subserve as been working here for one and a half years he enjoys being able to suggest his own pattern designs one day he would like to open his own business with business value i would if you turn this
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work experience i would like to start my company in the future you may get them on . thanks to the skills that i quite like to become my own boss trying to take in my city even want to make. a common salary here is $3000.00 ethiopian or around $100.00 euros a month this is much higher than what many employees earn ethiopia's industrial parks where the average lies below 30 euros but even at seoul rebels the entry level salary is only around 50 euros before taxes i would recently found this job through a friend but she still doesn't earn enough to properly sustain herself. that's why there's no it's not enough that we have no choice it's better to work than to fetter the workers might bring something. one pair of shoes cost about $75.00 euros many are shipped worldwide asia or america the brand also has 2 stores
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in abbottabad here we meet with the founder of the company world famous but lohan to learn who know little i.d.l. sort of come from the culture that we had for a long time the culture of recycling the culture of making things by hand and the people who are working for 4 hours the artists who are working for us for a long long time and so we do give a training game we do educate them how to produce so-called person of a sport that better health and i think there's a necessity. cut
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the 1st car most of. the moment arrives. on her journey back to freedom. in our country documentary. the ranting returns home. w dot com tanks. this is due to previous africa coming up in the next 15 minutes nigeria's. more than a 1000000 people have been displaced set off trapped by violence as a decade's conflict the government and often groups raging in for no say also on the program. seems to. win. tonight.
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