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tv   Eco India  Deutsche Welle  August 13, 2019 6:30am-7:00am CEST

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a bad manager of the economy who applied to gradualism that didn't work much. that's where sunday's big winner populist candidate alberto fernandez comes in he suggested renegotiating the i.m.f. lifeline and uncertain proposition voters will have the decision in october remain on a stable but painful reform path or follow a new direction filled with big but vague promises. and staying in south america a $50000.00 bowl of our note it's the venezuelan central bank's most recent attempt to curb the galloping devaluation of money and shortage of cash amid international sanctions against the socialist government the value of the bowl of our continues to plummet. this caracas restaurant sells pastries called empanada like all their business except electronic payments but there are still many customers who prefer paying in cash and us dollars.
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saving every day people ask whether we take cash. but we obviously don't accept large bills all our enemies cheap. dollars are accepted just about everywhere in caracas even if this market. this trader doesn't want to be filmed at 1st it looks like the eggs are being paid for with the ball of our national currency but it turns out to be u.s. dollars. there's more to this trend than just the collapse of venezuela's currencies says economist wrong. look. at the moment there are large amounts of dollars pesos another currency is in circulation but we've been through hyperinflation the same time the central bank has allowed the kashi talks in circulation to lose their value very quickly without adjusting the banknotes accordingly and. it's hard to
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say how dollars enter venezuela since the central bank no longer provides information on foreign exchange receives but the greenback is clearly being circulation here. and. when it comes to dollars from private sources we don't know how much there is or why there is a law that prevents currency try. but it's getting less transparent because people have to spend their money secretly even if the money comes from legitimate sources . of course there's also money from illegitimate sources like drugs if it's very difficult to determine who will do it in a whole i guess you're quoting. some venezuelan send remittances home in us dollars stimulation be important market there are no shortages in this caracas supermarket but the imports here are 2 or 3 times more expensive than those in europe or in the us. some stores only sell imports. are luxury
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import shops can be found almost everywhere. but on a hike you know and i know that a whole lot of people don't earn dollars so it's hard to pay in dollars coming in the lettuce has so much happens under the table including the use of the dollar it means a lot that's not legal money. i'm still paid and all of us know everything i want to buy feldon dollars. economists have no illusions about the situation as long as there's no realistic foreign exchange policy in form of supply and demand will determine how people pay for goods. and let's take a look at some of the other global business stories making news saudi arabia state energy firm aramco has posted a 12 percent drop in profits in its 1st ever half your earnings report the company says it is prepared for an overseas stock listing but has said the timing is up to saudi government officials. south korea is to remove japan from
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a list of countries that get preferential trade treatment it's the latest development in an escalating dispute between the 2 asian powerhouses just last month japan restricted exports of technical equipment relied upon by south korean companies like samsung. and over to europe the latest political drama is unfolding in italy and it has markets worried once again a populist coalition government that has sparred with the e.u. over deficit spending could soon collapse fighting to take its place populist candidates with even more budget busting plans. italian drama might be a hit at the less scholar opera house but not on the stock exchange in milan investors watched helplessly prices slid the boss italiano has lost more than 2 percent since friday government collapse in security old enough i'm a for any market that's especially true in. you know mickey turbulent times the
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o.e.c.d. says italy's economy will shrink by 0.2 percent this year at the same time the country's debt burden is twice as high as the e.u. stability and growth pact allows at 132 percent of annual economic output and this year the government wants to load more than 2 percent of fresh borrowing on top i think it's very probable that if the political uncertainty continues and if it can only continue to be in a face of stagnation still like the current one that feature as well as the other credit rating agency we revised down war their ratings deputy prime minister material selvi need doesn't hold budget discipline in much regard he wants to boost spending for things like pensions he's ignored warnings from the e.u. and d.c. b. as the euro zone's 3rd largest economy salvini is counting on italy being too big to be allowed to fail. and with antigovernment protests raging in hong kong china
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has become especially sensitive about its national sovereignty to luxury freshened brands versace and coach have now apologized for t. shirt designs for saatchi got the hot water for listing hong kong and macau as independent countries both are for semi autonomous regions in china u.s. brain coach made a similar mistake the t. shirts were removed from the stores and online outlets the previously clothing brand gap and the hotel chain marriott found themselves involved in controversy after mislabeling chinese territories. and that's it for me and the business team here soon beardsley as always is watching.
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you but you i know i'm going to keep. exposing and justice global news that matters deja vu times and the fine it's certainly. true this guy for germany's. i loved.
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name shows 50 stories and 15 very personal tips cumberlands very best features. book no planet or little colored girl max series every week on d w. quiet melody resounds among white. ready women it's. the mind of the music. tovan 1st 2019 from september 6th to september 29th. this is the devaney is africa coming up in the next 15 minutes the death toll in
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tanzania has fields hacker explosion climbs to 75 this comes as relatives spend a 2nd day of the national mourning identifying their loved ones at the morgue in hospital. and the homemade wooden stooges bridging the logistics gap in the democratic republic of congo you'll be surprised how fast they used to call the scam girl. hello i'm christine want to welcome to d.-day the news africa i'm glad. we begin in tanzania where the death toll in the field tanker explosion in moral gore has risen to 75 hospital officials say 4 more people succumbed to their injuries the 2nd day of national mourning song relatives identifying their loved ones at the local morgue on sunday a mass funeral was held for some of the victims. mourners as far as the
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eye can see. tons of events are gathered in grief. the bereaved struggle to overcome the shock of this tragedy c. some are still waiting for confirmation. but as it was. used to work as a motorcycle korea he left to go to work like normal then around 8 am one of my customers told me about the news of the explosion and most of the victim as well motorcycle drivers. most of them. but i'm stopped because of his job i rushed to go to the hospital because even now i have no news about where my husband is whether he is still alive or that all the other things that i see that like we're just. disaster struck morgaro on saturday morning
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doesn't run to siphon petrol from a crushed fuel tanker when the combustible cargo exploded ripping through this community. but the good people were all over collecting the fuel i was there myself but i had no intention of joining them i was urged by a friend to join in collecting the fuel but i refused later i heard people screaming fire fire into the sky. such was the scale of the carnage many of the survivors had to be airlifted 200 kilometers away to doris salaam. doctors say most of the victims have severe burn injuries covering 80 percent of their body us . president john mica foully visited some of them in hospital and begged his citizens to stop rushing to dangerous field spills in the future. across africa deadly blasts like this one are all too common nevertheless many here
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hope this tragedy may get sad as a cautionary tale. joining me now for more on the story is t.w.a. is africa's harrison and william a welcome to harrison you're from tanzania and you've been hearing a lot you know from home and just just how are people reacting to this tragedy there it was very hard to see 1st of these pictures and videos circulating in social media you know of the people we have burnt. on the ground it was very very hard to see those pictures and the reports some discussions in social media on why it's happening you know so many people died within a very short time. so it was tough yes tough tough as it may be harrison i mean it begs the question it's been say that the death toll was as high as it is because people literally ran from the homes they brought jerry cans to the sides to to to
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siphon feel it begs the question how sad is is it a sign of desperation that people would risk their lives in such a way i mean some people in our report old as they were called to come to scene and said no it's dangerous but so many people did go is it is a desperation hires why would so many people have gone. one can talk about dispersion because you know this is an opportunity to get free fuel so for some people seeing overturned tunk lying on the ground there it's an opportunity to get free oil right but again the president often he also mentioned this when i was visiting the hospital that some of the people he met at the hospital we're not going there to steal you or to steal fuel some of them we're going there to rescue people so there are some people who are desperately going to steal the oil some people are going there to save people. and that complicates things because some are
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calling for some of the survivors to be prosecuted for this what can you tell us about that debate about prosecuting so those people who are stealing the fuel and who have been injured as a result. you know because here you have some people who are who are still alive but they participated in stealing of oil but then again there are also some people who are who are supposed to take charge you have because what we hear from the media is that the who situation was almost lasted for almost 2 hours so there was some police in this area for departments who would have reacted fast because i mean people there they should be some ways to sions to stop people from even getting close to the truck so this other people probably were off to the prosecutor don't do so the prime minister has already established a committee for investigating what has happened so that some people can be
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prosecuted on the issue ok. thank you thank you very much. in goma in the east of the democratic republic of congo's so-called. the king of the road the homemade wooden skate has helped transport goods around the city at breakneck speed and some of their drivers have become local heroes. there are many ways to transport heavy loads. and this one in the government and the democratic republic of congo is unique but powered scooters made of wood their culture could use and they can used to carry everything imaginable.
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for years eastern congo has been wrecked by war. peacekeepers from the united nations with their distinctive blue helmets on the ground they don't need to could use to get around but scooters painted in the un come this can be found this one's own paluxy glowed giovanni he and his 2 could you are a familiar sight across the city not going away at all much ado like this because the area i travel through is home to many rich people from the u.n. a mugger you know. he makes a roll of not transporting objects that might make his brilliance dirty but his work is the same as it is for all other to put in the drivers transporting heavy objects to customers. doesn't want to. cause and i going at my job i don't have any other than my chick who helps me feel like family
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and thanks to this workers or i can afford to send my children to school boy. and when the route goes downhill even the heaviest load is easy to transport. alexy has been memory alive for his victories in the city's annual chicken to race he's proved himself the fastest pilot several times over the statue is a major attraction in goma but the work itself isn't so glamorous. snorted a worker's union for drivers. it helps discipline our lives and ensures nobody tries to trick us and you want to get a little bit bored with us the more you try to stick together so we can all be successful and how. much the gun.

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