a business there american rivals filled with china as trump towers backfire leaving us fisherman empty handed. and going to school and let's do business a message to failed states and the authoritarian international monetary fund says unemployment and slow economic growth is fueling growing unrest in the arab states the i.m.f. says middle eastern and central asian economies will need to diversify if they are to overcome their problems and the unrest. another morning in lebanon another day of protests monday started with demonstrators blocking main roads into beirut their latest tactic to pressure the government into radical economic changes they accuse ministers of burning through public money for personal gain while hitting ordinary people with ludicrous new taxes it's images like these that occupy the mind of the ins director for the region to have as or. they've been easy economy was growing at

a very slow pace over the last few years and 11 on was facing some of the number off and balances with the keys and budget deficit and the trade balance and therefore the government has to act firmly and swiftly in order to address those imbalances. meanwhile in iraq dozens of people have been killed in protests since late last week as iraqis demand that the government steps down over issues including rampant joblessness algeria and sudan have also seen unrest in recent months unemployment in arab countries averages 11 percent compared with 7 percent across other emerging markets something jihad is or says governments need to get a grip on the level of growth that countries of that engine are are having is below what is the do to address the unemployment we are in a region where the level of unemployment at the use level exceed 25 to 30 percent and this requires girls to be hired by one or 2 percent. and no country is missing

its growth targets quite so like iran where u.s. sanctions are causing the economy to shrink and inflation to reach 30 percent the i.m.f. says the region needs to be prepared for radical change including steering itself away from oil if used to stop the unrest that's already gripping some states from spreading even further. chinese stocks closed almost one percent higher on monday amid positivity about the country's tech sector beijing is actively pursuing a more technology friendly stance to achieve self-sufficiency in the wake of the u.s. campaign against chinese tech giant while away the country is set to launch its own digital currency of it is also studying ways to boost the use of block chain and artificial intelligence in cross border financing. that helped power hong kong stocks to a 6 week high and it trade optimism u.s.

and chinese officials say they're close to finalizing some parts of a trade agreement with talks to continue but the good news comes with a warning from h s b s c europe's largest lender says expect further ahead with its profits that by 18 percent in the last quarter missing market expectations the london based bank supposed of its profits in asia especially hong kong and widespread demonstrations of crippled the territories economies this june they've heard many small and medium sized businesses which are customers of h.s.b.c. the slowing global environment is also a problem has b.c. has lowered its profit target for next year. and joins us from london for the u.k. stock broker shares that are how bad 1st lady is the impact in hong kong which is a. well thing is we actually expected quite a bit of an impact this time around and to be honest in the results there doesn't seem to be too much no suggestion of hong kong really had an impact in the asian

business is a whole generally did fairly well and you know the problem here is actually in the european and u.s. operations were where the where the real issues are. and those issues are going to be with us for some time do you expect the situation to get worse. well i do think that there will be here for some time i don't think global growth is going to turn around at any point in a big way we are still the face of slowing global economy go trade waldport breaks it we've got low interest loan low interest rates around the world especially in europe and also falling in the dollar so that puts really puts a pressure or net interest margin which a lot of these banks are highly dependent on and then we've got other issues you know more regional issues you know we've got. in the u.k. brics it we've got intense mortgage market competition here in the u.k. so all of these things are factored in and you know most of the u.k. banks are facing this issue with p.p.i.

claims it was a huge misleading scandal a long long time ago and a lot of these banks are having to pay up so you know there is those issues that people are luckily were repeat itself but you know a lot of the macro economic challenges are still there and will continue for a little while longer what about h. s.p.c. itself its announced a restructuring how big a restructuring is that going to have to be. well it does seem as if it's going to be a fairly significant amount of restructuring h.s.b.c. was already restructured under the previous c.e.o. here and it didn't last very long in the job we've got a new chap coming in no could not believe his name is he is the interim c.e.o. as you would expect with the new c.e.o. coming on board they're going to announce a whole new set of restructure mergers measures and really start there are 30 and i think he's really playing for the the job on a permanent role so even before the results that have been expectations that h.s.b.c. would be shedding in the region of about 10000 jobs worldwide possibly

a bit more now if if they are going to be very aggressive with the restructuring and it seems that a lot of these jobs will go in the investment banking unit which actually this time around didn't perform world of tall and a lot of that would also be in the states thank you very much for joining us there from the u.k. stock broker the share center of london. that are some of the other physical stories making news agency the central bank has limited the amount of u.s. dollars argentinians from by now any $200.00 instead of the previous limit of $10000.00 the step was taken to safeguard the peso after sunday's election when left leaning abed who had not as one he'll now have to tackle argentina's most pressing economic problems the politics peso and massive sovereign debt. french luxury goods group l b m h has reportedly offered 14 and a half $1000000000.00 for the jeweler tiffany the financial times reports that the

louisville tono made the all cash offer for the iconic u.s. company earlier this month tiffany is expected to reject the bid. space tourism is about to go public starting today investors can trade shares of virgin galactic on the new york stock exchange for the 1st time its founding in 2004 virgin galactic has raised more than one $1000000000.00 to develop a commercial service to take tourists to space. and microsoft has beaten amazon to a lucrative $10000000000.00 contract to build a cloud computing system for the pentagon amazon had been favored to win the us defense and jet i contract but in recent months its bid had come under attack from u.s. president donald trump and was on both jeff bezos is a vocal critic of the president. is big business in the northeastern u.s. state of maine and the industry had built up a thriving trade with china now the tariff dispute between the 2 countries has

caused exports to collapse canadian fishermen a seizing the opportunity while american sellers scramble in search of new markets . maine is renowned for its rocky coasts and indian summers a week or 2 of warm weather that often comes and fall when the brilliant hues of the leaves are a major tourist draw now the a delicate state up in the northeastern most corner of the u.s. has also become a battleground in the trade war with china lobster officials there are being hit hard by tariffs lobster exports to china are down 80 percent and michael libby is feeling the pressure. we have a good chinese market and we ship directly there we get these tariffs that are buying for us the buyer of canada's dad but they're they're buying our products and care of them because they're special terrorist from to the chinese from here so it's just it's for kind of frustrating. there's a lot of hands on labor in catching lobster like baiting the traps michael and his

crew men have put out $400.00 today. but the industry in maine is strictly regulated to ensure have remained sustainable michael has to measure every single animal caught and he too small have to be thrown back. they've got around $500.00 of the cross stations today in portland harbor part of the catch and up with a distributor that packs the animals for transport around the world. last year the u.s. exported around 5 and a half 1000000 kilos of lobster to china this year it looks like it will only be around a 1000000. not long ago china raised the tariff on them from 25 percent to 35 percent bad news for business owners like tom adams. we need all markets it's a big industry it's a big business because they know there to be kind of secluded from 2 major market places due to tariffs just a bit it just is really makes it that much harder for our business to thrive the.

canadian competitors have now seized around 90 percent of the law. trade with china to make up for collapsing exports means lobster industry has to unlock new markets fortunately other asian countries like singapore and malaysia have begun to develop a taste for the product. as the trade war between the us and china drags on michael libby is now also seeking to sell as many of his lobster as possible to local restaurants. he doesn't get as much for them as he used to. but at least the beer at the end of the day is on the house. here delhi is not known for its air quality in the capital is one of the most polluted cities in the world residents woke up to even cloud as guys than usual on monday a night of fireworks celebrating the hindu festival to lift a blanket of thick smog across the city this is

a quality has plummeted in recent years with the situation made worse every year around the time of day while the injured to the volume of firecrackers used to be a bit officials want people to use so-called green 5 words that are meant to be more environmentally friendly. bison business i think.

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the fall of the berlin wall i'm another. look behind the mirror humans are exploited and animals cruelly slaughtered. big brands have committed to fair working conditions and sustainable production. but it is monitoring some contractors luck. and investigative documentary goes to italy and china and low speed lines the glamorous facades of fashion houses. luxury her starts november 5th the t.w. .

fly from berlin. over to you mr johnson the ball is in the british prime minister's court says the european union to greece a delay brigs it till any time between now and january 31st next year what will of course johnson's next moves be also coming.