tv Business Deutsche Welle October 28, 2019 7:15pm-7:31pm CET
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fire front their speed and unpredictability have been preventing firefighters from controlling the flames right now in sonoma the will of nature's deciding whose home will be spared and whose will go up in flames. business africa we've been physical in is up next we'll have more world news for you at the top of the hour i'm going to. smoke some consumer keep changing some people making it possible to go to africa. fantastic right trying that as they set out to safety environment. and learn from one another. and work together for a better future. in south. africa w. coach of british.
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surely news from africa and the world story link to exceptional stories and discussions from the use of museums and i would say to debbie to come smoke free coffee join us on facebook. for god. look at. a warning from the i.m.f. to much of the middle east for for your economy stupor store stability the protests keep growing demonstrators want to accountability from a government said levin on iraq and other nations. funds report card for sub-saharan africa it doesn't sound promising the title navigating uncertain state . and the fight drugs that flood african markets a big business for counterfeit is patients often paint with bad. just. a bit as
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well one let's do business a message to failed states and authoritarians international monetary fund says unemployment and slow economic growth is fueling a 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 in 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 jihad as zoar. they have been easy economy was growing at a very slow pace over the last few years and lebanon was facing to the number off
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and balances with the kids and budget deficit and the trade barriers 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 a shoe sink looting rampant joblessness algerian 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 the region are are having is below what is needed to address the unemployment we are in a region where the level of unemployment abuse level exceed 25 to 30 percent and this requires growth to be hired by one or 2 percent. and no country is missing its
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growth targets quite 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 so ready gripping in 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 probably won't come down the people's anger they see the central bank as part of the problem the demonstrations of paralyzed the country most 2 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 some bubblies national airline has resumed finds to south africa its neighbor is i'm bob boy from the syllabus
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last week over unpaid fees 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 pay sources juice stabilize the currency this comes after the left wing peronist the better of it and is one of the presidential elections sparking fears of protectionist policies and the debt crunch . europe's largest lender age s.b.c. says its profit slipped 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 has been crippled economically by widespread demonstrations sowing global 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 make-a l v m
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h i click 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 with out in sub-saharan africa the impact has been devastating let's take malaria the w.h.o. report shows substandard all fake anti malaria medicine leads to the deaths of
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between 64158000 people a year in sub-saharan africa. will brought simons is a gun a and 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 honestly produced by little factories right here in africa raids by law enforcement agents come in factories and 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 part of our region but intersections that we studied also show that a remarkable lead great deal of these medicines transiting through europe before they get to africa belgium the netherlands and france. the most important transit
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point indonesia techie also comes up but there is a very soft together 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 caliphate ing in africa. you fred pointed out that as nearly 45 percent of all google detections happen only in sub-saharan africa now if you consider the fact the sub-saharan africa previously about $10000000000.00 of pharmaceuticals in the global trade we have $1.00 trillion dollars so that is really just a little above 3 percent and. detected 25 percent of all counterfeits in africa that tells you that the impact this dramatic but more importantly as the bed of 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
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these more expensive medicines and by the cost of health care system the cost insurance systems device peaked in the health care system. we also have a situation where the cost of counterfeit medicines planted in the to the. area tends to decline people start to self medicate and we're just other impacts down the line in young 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 types 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 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 exports to collapse canadian fishermen a seizing the opportunity of american sellers scrabble in search of new markets.
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maine is renowned for its rocky coasts and indian summers a week or 2 of warm weather that often comes in 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 fishers there are being hit hard by tariffs and lobster exports to china are down 80 percent and michael libby is feeling the pressure. we had a good chinese market we shipped directly that we get these tariffs that are buying for us the buyer for canada's dad but there's no buying our products and heritage because there's a terrorist from the chinese from here it's just it's forgotten 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. and the industry in maine is strictly
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regulated to ensure it remains sustainable michael has to measure every single animal caught and he too small have to be thrown back. they called 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 raise 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're here to be secluded from 2 major market places due to tariff disadvantages is really makes it that much harder for a business to thrive than. canadian competitors have now seized around 90 percent
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of the law. trade with china to make up for collapsing exports manes 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. red herring ok 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 sent in frankfurt germany is under a battle wish druggy old the best for the future its replacement in the job is a state that god she says he leaves the euro more popular than ever with confidence in the region at its highest since the financial crisis by a drug he says it was
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you know the banks. and so watch the language of the bank. speaking the truth global news that matters g.w. for mines. this as the news africa coming up on the program the results have been announced about the tensions remain be expressed as you see house won a landslide victory in exists and that election by the main opposition very novel has rejected the results so now what. also coming up more room for improvement that of us who says that the ongoing equal outbreak in the democratic republic of congo has slowed down but it's still a global imagines. one of the country that successfully tackled a killer virus.
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