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tv   Business  Deutsche Welle  October 28, 2019 6:15pm-6:31pm CET

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and sports formula one i will start with and there is harms and closer to winning his 6th driver's title drive as well title after climbing picture the mexican grown prey of the british to save his driver battled back from a poor start to cross the line 1st for a well deserved victory but it still wasn't enough to block the world championship upcoming race in the united states will be his next chance to win it all. i'm not saying on d.w. businesses with ben facility on the back of the top half of the day. after
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the fall of the berlin. germany. a warning from the i.m.f. through much of the middle east for a full your economy stupor store stability the protests keep growing demonstrators wanted accountability from the government's 11 on iraq and other nations. funds report card for sub-saharan africa it doesn't sound promising title navigating.
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uncertainty. and the fake drugs that flood african markets a big business for counterfeit is patients often paid with their lives. have been physical and let's do business a message to failed states and authoritarians 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 it to overcome their problems and end 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 because images like these that occupy the mind of the i.m.s. director for the region to have as or. would have been easy economy was growing at
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a very slow pace over the last few years and lebanon on was facing certain 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 needed to address the unemployment we are in a region where the level of unemployment at the use level exceed 25 to 30 percent
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and this required growth to be higher by one or 2 percent. and no country is missing its growth target quite unlike 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 so ready gripping some states from spreading even further. and lebanese banks will stay shut on shoes day amid the ongoing run rest the head of the central bank says his country needs to find a political solution to the crisis in the coming days to avoid economic collapse a probably won't calm down the people's anger they see the central bank as part of the problem the demonstrations have paralyzed the country for most true weeks now the prolonged closure of banks has raised fears about the nation's economic stability. after some of the other business stories making news.
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national airline has resume finds to south africa for its neighbors isn't bob way from the syllabus last week over an. airline ran up huge debts on the country's label for terry and president robert mugabe bars. argentina's central bank has sharply tightened currency exchange controls the bank's head says he aims to stay was surging capital flight the bank is also said to buy pesos do stabilize the currency this comes after the left wing peronist out of bed often and as one of the presidential election sparking fears of protectionist policies and the debt crunch . europe's largest lender h.s.b.c. says its profits that 18 percent in the 3rd quarter and warns of further hurt head with the london based bank owns most of its profits in asia especially hong kong which is being crippled economically by widespread demonstrations sowing global
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growth is also taking its toll. and the american jeweler tiffany is reviewing a 14 and a half bill. takeover bid by the world's biggest luxury goods maker l v m h i chronicle brand was founded in new york in $137.00 if the share price is trading up by about 30 percent. now imagine you're ill and have your doctor prescribe your medicine but it's too expensive in a pharmacy so you're forced to buy it from a street vendor much cheaper but also much more dangerous and possibly the pill you hope to cure will make you even sicker nevertheless the market for counterfeit drugs is growing the world health organization says around $200000000000.00 u.s. dollars worth of fake drugs are sold annually it's the most lucrative trade of illegally copied goods and almost half of the fake and low quality medicines between 20132017 were found in sub-saharan africa the impact has been devastating
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let's take malaria the w.h.o. report shows substandard all fake anti malaria medicine leads to the deaths of between 64158000 people a year in sub-saharan africa. will brought simons is a gun a in social entrepreneur and founder of pedigree which uses tech to fight counterfeiting let's cross over to him now if you can hear me who's actually producing all these fake drugs 1st of all. thank you again some of these medicines out on this new produced by little factories right here in africa raids by law enforcement agents or factories things could be who are in nigeria and several other countries but the majority of the medicines the figments i mean controversies india and china are the most regular parts of origin but intersections that we studied also show that a remarkable great deal of these medicines transiting through europe before they
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get to africa belgium the netherlands and france. the most important transit point indonesia techie also comes up but there is a very safe to give a class of think medicines that cover eastern europe russia and particularly rumania. many countries. benefiting from this but how devastating is the impact of this califate ing in africa. you fred pointed out that as nearly 45 percent of all google detections happen all in sub-saharan africa now if you consider the fact the sub-saharan africa produces really about $30000000000.00 of pharmaceuticals in the global trade we have $1.00 trillion dollars so that is really just a little above 3 percent and we detected 25 percent of all counterfeits in africa that tells you that the impact is dramatic but more importantly as the bed of
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disease shifts from infectious disease to more chronic illnesses like attention and diabetes and the rest of it the costs escalates because the candidate as i dislike these more expensive medicines and by the cost of health care system the cost insurance systems business peaked in the health care system. we also have a situation where the cost of counterfeit medicines confidence the total area tends to decline and people start to self medicate and we just other impacts down the line the issue of resistance medicinal resistance where even when you think good medicine it doesn't work because the bad medicines have made the packages resistance to all type of medicine ok bright side is we're going to have to leave it there thank you very much for joining us here on the flops a is big business in the northeastern u.s. state of maine the industry had built up a thriving trade with china and the tariff to st between the 2 countries has caused
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exports to collapse canadian fishermen to seizing the opportunity of american sellers scrabble 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 adele like state up in the northeastern most corner of the u.s. has also become a battleground in the trade war with china lobster fishers 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 that we get these tariffs that are buying from the buyer from canada's dad but there's they're buying our products in canada because they're special terrorist from the chinese from here it's just it's frustrating. there's a lot of hands on labor in catching lobster like baiting the traps michael and his
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crew men have put out $400.00 today. and 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 caught around $500.00 at the cross stations today in portland harbor part of the catch 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'll 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 for the state and they are there to be kind of secluded from 2 major market places due to tariff disadvantages is really makes it that much harder for
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a business to thrive and grow. canadian competitors have now seized around 90 percent of the law. mr 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. fresh air. and just before we say goodbye someone else is being saying farewell mario draghi has officially stepped down as head of the european central bank and if it was bent in frankfurt germany is under the battle wish druggy all the best for the future
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its replacement in the job is this thing that got she says he leaves the euro more popular than ever with confidence in the region at its highest since the financial crisis they are druggies says it was a privilege to serve at what had become a modern central bank capable of managing any challenge things. a big pat on the back for mario draghi there from christian the god and vice versa i think business with a. my
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1st boss also sewing machine. where i come from women are almost by this ocean for something as simple as learning how to write them by psychosis and. since i was a little girl i wanted to have a bicycle off my home but it took me years to. finally gave up on rental buying
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young guys like that but returns with the sewing machine sewing i suppose was more appropriate for those than writing advice as knowledge i want to meet. woman back home for volunteer by their duties and social norms and inform them of old dead basic rights my name is the matter of the home and they were more at ease of. this is the news africa coming up on the program the results have been announced but tensions remain was on the express that you see house when the landslide victory and exists and that election the other thing in a position right now most of us rejected the results so now what. also coming up more room for improvement that of huge lou says that you don't go an equal amount of leak in the democratic republic of congo has slowed down odds are still ignoble
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imagines. one can country that successfully tackled a killer virus.

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