tim burke and a team of professional yachtsman set sail from plymouth in england on a boat powered only by wind and solar energy. well up next is business news with care heart he's talking business africa i'm sorry kelly in berlin thank you so much for watching have a great day. for facebook and twitter. to date touch. carefully. choose to do good.

disco. subscribe to. documentary. chocolate lovers can expect to spend more money on their favorite treats in future . the world's leading cocoa producers want to go ahead with plans to trade. and raise prices. also on the show the president says the central bank financing food imports. stimulate local food production. the

deadly fungus. crops experts say 95 percent of the production could be at risk. this is business africa. as well come. talk of lovers could be facing hard time soon is following through with its plan of pushing up farm gate prices next season little over 5 percent unless expect the world's number one cocoa producer ivory coast to follow suit the 2 west african countries produce 60 percent of all cocoa and they want to market their produce together in future of the 2 countries intent to charge $400.00. big godless of the market price they want farmers to enjoy a bigger portion of their crops are graphics are slightly in the wrong currently farmers only get much less most cocoa farmers in the $2.00 countries live

below the poverty level on less than $2.50 a day forming a block. of sorts will have an effect on global market prices at the 2 countries. last summer cocoa prices shot up to $2600.00 u.s. dollars before settling again sudden spike reflected the uncertainty about the future of the cocoa market. now joined by our correspondent collette c. who joins us from our craw. there you are one of the consequences there for farmers in the 2 countries will that actually get more and who can guarantee that. i don't know whether i can actually hear me.

i think or. not hear me at the moment we'll try to come back to across later in the show. we go to nigeria where president meet the president. has instructed the country's central bank to stop providing funding for food imports is a miss to stimulate local food production but the move is raising questions about the central bank's independence and there are warnings the decision could backfire and make life difficult for any company importing food. but one of lagos is biggest markets nigerians can get pretty much everything they need a life most of the products come from nigeria and that's hardly surprising when import restrictions and tariffs make it difficult for exporters to get a look in. for example there are import bans in place for fertilizer spaghetti and

shoes along with a range of other items meanwhile sugar wheat flour and tobacco are all subject to hefty tariffs of 70 percent. with president bihari now directing the central bank not to provide foreign currency to people importing food what's left is a hostile environment for importers the government says it's protecting nigeria's domestic producers but the benefits to the wider economy unlimited much of the revenue from its rich oil reserves for example ends up in the pockets of a corrupt elite while a large proportion of the population lives below the poverty line almost a quarter of nigerians are out of work and the economy is growing terribly slowly. nigeria has signed up to the african continent to free trade agreement which seeks to create a tare free bloc of trading neighbors nevertheless it continues to act to deny

others access to its markets. going to apologize for our technical difficult difficulties there with a line across. the other global business stories making news today was a time president. primarily feed to his main left his rival last week in both the. market tumbled off of the vote. media giants viacom and c.b.s. will merge to form a $30000000000.00 entertainment and the years of talk to us. owns the movie studio paramount t.v. channels comedy central and m.t.v. and will say the merger will allow the new company to compete with streaming services like this. wages in the united kingdom rose at the fastest pace since 2008 with employment reaching

a record in the 2nd quarter of this year and in school faster than inflation of consumers with a bit more to spend despite the positive numbers concerns over breaks that continue to weigh on the u.k. economy. now the latest figures published by china show up food from its factories is growing albeit at its slowest rate for 17 years the impact of the trade war with the u.s. is taking its toll but a white house decision to delay some tariffs the u.s. had planned to slap on chinese products gives at least some hope that tensions could be easy. the delayed tariffs if they'd hit in september would have been no laughing matter for ordinary americans for the 1st time they would have affected consumer products including toys clothing tronics that's why president trump says he's perspiring them for festive reasons explaining to reporters that the tariffs

would have had too much effect on people's christmases. the president also says the decision follows constructive phone calls with the chinese beijing's incentive for ending the trade conflicts was laid bare in figures announced by the government on wednesday july is industrial output growth of 4.8 percent is well below expectations and the most sluggish since 2002 the numbers also paint a picture of an economy slowing across the board with disappointing retail and investment figures the increasingly tangible impact of the trade conflict with the united states shows it's more than just a game. back here in europe the continent's biggest economy seems to be running out of steam germany's latest growth figures show the economy shrank by 0 point one percent in the last quarter the slump been attributed to a variety of factors a fall in sales of machine parts and cast a china uncertainty over breaks it difficult global trade environment should the

economy contract again in the next quarter germany would be officially in a recession. of all sectors it's the hit or 2 invincible industrial sector that's begun to drag on germany's economy for years it's been the driving force behind the recovery but no longer german industrial production in june $29000.00 was 5 point 2 percent down on june last year that's the largest reversal since the global financial crisis and recession 10 years ago. exports of also long been a pillar of the economy also a thing of the past right now germany's exports in june 29th seen were shocking 8 percent lower than in june 28th seen industrial companies are dealing with a number of factors the trade war between the us and china is exerting a drag on the global economy for years also surround brags that the ukase impending departure from the e.u. germany's energy transition the switch to sustainable energy sources is still very

much work in progress and adding to the country's worlds its flagship auto industry is struggling with home troubles they include the notorious diesel emissions scandal the conversion to electric drive systems and problems with digitalisation in general all these issues are combining to weigh on overall economic output. and with the outlook not appearing too promising either it could well be that the e.u. is number one economy is heading steadily towards recession. well do you like us who doesn't and as our big business to the livelihood of millions of farmers mostly in asia and central america depends on it the banana is the world's most popular fruit we need 100000000000 of them every year many varieties of varieties but the cavendish is the most popular 195 percent of all exported bananas

are cavendish and that is becoming a problem because there's a fungus known as the polymer disease that attacks exclusively bananas off the cavendish right it is swept through asia and is spreading $430.00 acres section of columbia's but our crop has now been contaminated some experts are already predicting the end of the. the little fungus devastates banana plantations the fuse area morgan ism has already destroyed crops in asia now it's in latin america this is says that it presence of the seeds aryan fungus continues to be contained in the like watch out area on $432.00 acres 6 banana plantations are affected and there are national. colombia has declared a national emergency and the country's agricultural institute has launched a nationwide effort to increase on a 3 controls containers the arrival of the fungus in latin america the world's

largest exporter of bananas is a major threat colombia is one of the world's leading but on a exporters after ecuador costa rica honduras and guatemala. most of the banana sold in western supermarkets are of the cavendish variety which have traditionally produced a solid gildea under easy to transport as a result they've become somewhat of an export sensation. but because of mass cultivation of this one kind of banana many plantations lack genetic diversity diminishing the chances of a strain that is resistant to the disease that has led many farmers to fear for their livelihoods in columbia alone banana plantations occupies some $50000.00 hectares the country exports some $100000000.00 boxes of the manually at a value of $860000000.00 tens of thousands of jobs are lie in the industry and. the worry now is a lot of people are being left without work banana plantations have closed several

have already shut they're closing them as there are a lot of disease and it's damaging to hold an out of context. the deadly fungus struck before in 1960 almost all plants of the most common variety of banana were destroyed they were replaced with the cavendish variety now it too must be replaced. and that's all from me and the business after. the more business news and back on stories check out our website which of course is t w dot com slash business also follow us also so media if you don't already do on facebook twitter is a quick look at global markets for this. to be the.

bursts. home. of species. a whole lot worse if you can. get those are big changes and most start with small steps but. do those tell stories of could induce people into innovative projects around the

world. but here's a closer look now to boost brain images the shows and resources should. turn to content to choose the next generation that took such action. news and channels available to people to tend to action and more determined to build something new for the next generation. is the environment series of global 3000 on t w. this is due to have been years africa coming up in the next 15 minutes the congolese children stone and parents families in demand same day children to a holiday camp but they never a tent now would be mages they were trafficked to belgium so the journalist who uncovered the story. and tributes continue to pull in for d.j.'s up amish companies on the top of. the ivorian sink and d.j.

died in a motorbike accident at the weekend his managers say if he was an icon.