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tv   Business  Deutsche Welle  November 4, 2019 6:15pm-6:31pm CET

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well at the top of course you can always get the latest news and information around the clock on a website. called thank you company. carefully . or simply choose to do good. discover.
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subscribe to the documentary. staying up today don't miss our highlights. program. w dot com highlights. the for. the free trade deal with the states and the weeks after the african continent a free trade agreement was signed the countries have been closing the borders the nigerian now says it's think shot until next january. megacities is putting an icon of african landscape a risk as well as the likelihoods of those who depend on the job. and playing catch up and old gas guzzler goes green. manufacturing is 1st. treated to be
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mass produced. images will and let's do business in nigeria says it will keep the borders to neighboring countries closed until at least january 31 next year and according to officials that won't be the end of it it's just the latest african nations who shot down its borders kenya closed its border with somalia in june in august but want to briefly shut some crossings with the democratic republic of congo in september sudan did the same with libya and the central african republic citing security and economic dangers close its borders to benny and cameroon it says to cattail smuggling of rice and other goods the closures are a slap in the face of the confidence integration efforts the african continental free trade agreement provides for the free movement of goods and persons throughout africa $54.00 countries including nigeria have signed it and jarius move is causing havoc for its neighbors who depend on africa's biggest economy for survival.
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traders in the city of morality in the share a desperate for their border crossing to nigeria to open they can no longer sell rice or other food projects on the other side and trade with nigeria is their biggest source of income. and we're very angry the nigerian border closure is causing a lot of harm to the people they can't get on with the business they earn their money with so we are very angry with them causing the sporter. closure has had many effects being import and export a lot of things to a good neighbor nigeria but what he has done is not fair we want the border reopened as soon as possible. people in the share and other nigerian neighbors are extremely dependent on trade with what is africa's most populous country and even though both countries also import goods from nigeria it's still keeping its borders sealed. in stories want to clamp down on what enters the country and where.
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who's on the list of such as rice used to produce. they should not be exported to the country as a result of this. house or it is a little bunny is what is in a rise in and if we do not do for now imports can only come in through nigeria's sea and airports which are easier to monitor and control the government says land borders will remain closed until at least generally 31 next year. joran barrows following this story for us from kenya joy nigeria's customs agency trumpets this as an overwhelming success but what's it doing to business. it's hard to businesses because when you look at the businesses at the border areas
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in most of the african countries the biggest players there are small businesses these fall in the category of micro and small enterprises saw definitely the ban on the importation or movement of goods by land is going to have loss of their businesses but also when you look at a country like gonow which is next in a jury a it is also had to because most of the woods that come through in the share have to go through nigeria before they can get to ghana for instance or that is definitely going to be a negative effect on all the neighboring countries which also happen to be members of the economic community of west african states and that in itself is going to hurt its regional block trade as well as so many more countries than then we think hurting here what if this drags on a lot longer i mean it sounds like it could well the minister of foreign affairs in ghana today did ask that they should convene an emergency meeting to address this
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issue because if it's going to continue past 31st of january 2020 then the entire region is going to get paralyzed and as of today we will also seeing some of the guinea and treat as well pru testing and they were shutting down some of the nigerian trip as stops in areas like the sound of parts of ghana so it doesn't look good it could actually turn out to be one of those economic attacks or wars that we are seeing between nature and its neighbors just briefly what what is really behind this because it sounds so counterproductive at a time of the conference trying to create this pan african free trade zone. that's right well i guess the biggest reason here is that nature is things that can protect its locally produced goods you can actually look at the list of what is being banned rice and tomatoes as well as beer and vegetable oil and major area is
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defending itself and saying you know they can locally produced this so we do not have one major it does not have to have these same products important but the ripple effect is that now prices of these very products are going to shoot up a joy thank you very much for the latest on that and for keeping a watch on developments for us a construction boom in the senegalese capital that chis driving demand for more and more materials extra buildings mean more heavy metals and more concrete but the sourcing of such materials comes at a cost to the people and their environments. the mighty tree is a proud national symbol of senegal one can live for thousands of years but in this forest the peace they've enjoyed for millennia has been interrupted. a vast quarry has opened up to provide a seemingly endless supply of limestone the nearby dhaka where it's used to cement
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the corys steady spread has swallowed up much of the land previously occupied by the powerful trees the tree lost to the locals. the tree is a truly cultural not tree it's a tree of civilization for us. here makes couscous from the power of leaves and the bark of the tree is used to treat various diseases. of. the baobab tree isn't the only victim of dockers insatiable need for limestone villages in banda 65 kilometers from the capital the feeling the ripple effect. insists the crack in her wall is a result of the continuous blasts from the nearby quarry and locals say the impact is more than just structural. since the work started in the
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chorus there's been an increase in respiratory diseases tuberculosis. infections such as pneumonia it's really effective the villages and it's a fact that the reports we stand out shows that there's an increase in these diseases. for the company behind the quarry denies its activities are harming locos the senegalese government says the land clearing is lawful with the environmental impact assessed before permission was given. meanwhile the trees of the forest continue to disappear swallowed up by the concrete jungle grows in. amidst. the world's most valuable publicly traded company may soon come from saudi arabia the kingdom's market regulator has finally approved the listing of state oil giant saudi aramco. after years of waiting saudi aramco for its biggest climate polluter and the world's most profitable company
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will offer investors a piece of the kingdom's prize a. state owned aramco accounts for 70 percent of saudi arabia's revenues. the i.p.o. on the riyadh stock exchange could value the company a 2 trillion dollars and make around co worth nearly as much as apple and microsoft put together. for us. i think we are out of the listing which will increase our visibility internationally we are a very strong company by sharing a lot of information as required by any listed company that will be a lot of analysts that would review our data and conveyed it with other listed companies. aramco accounts for 10 percent of the world's oil production on the company has the biggest carbon footprint in the world climate campaigners are worried they want fossil fuel companies to scale back and cut carbon emissions not to expand this is a move in the opposite direction. but the economy of saudi arabia must change to
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survive. for ever some analysts say around 70 more years prince mohammed bin sound man wants cash to diversify. prince wants tourism manufacturing and renewable energy to drive growth in the post oil world he has major ambitions to transform saudi into a top 5 global tourism destination. bosses have been meeting with lawmakers and discuss the future technologies summit comes as. begins production of what it calls a break through vehicle. here comes the car that volkswagen has been gearing up for for the last 3 years the id 3 it is b w's 1st mass production purely electric car. herbert deeds the c.e.o. of the company is pitching the id 3 as a do or die moment for germany's critical automotive sector tend to feel that at
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the moment you hear a lot about the decline of the german automotive industry but whether it comes to this is up to us it's an issue of whether we take advantage of the opportunities that are brought by change. once beat it german chancellor angela merkel was on hand to tour the factory her government will now have to stump up to subsidize charging stations it's taken v.w. 3 years to rebuild its plant in which will now become the largest electric car building plant in all of europe b w is a late comer to the immobility business but customers should be taking delivery of the id 3 by the middle of next year the market for electric cars is growing fast but it will be a long time before they replace fia calls with combustion engines the most optimistic forecast suggests that in 20 years fossil fuel driven vehicles will
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still outnumber them by 2 to one. what a. reporter says this is an all or nothing. they're planning to make the respondents because the biggest plant in europe for electric cars which is huge and they're planning to actually produce $350000.00 cars a year and if you think about it in the 1st half of 295-0000 cars round about when you'll be registered in germany so it does show that a lot of v.w. is future is riding on the electric car and it's a very very big bet to make basically new business.
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i'm not laughing at the germans well i guess sometimes i am but i said nothing with the germans think deep into the german culture. and think that's grandma to you because it's all about who they know i'm rachel join me for me the jabberwocky of course the from. the british. shore linked from africa the world. your link to exceptions
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stories and discussions can you and will come to student news after cutting programs night from funny gentlemen from the news of easy to ally with safety deputed come snatch africa join us on facebook t w africa. this is the news africa coming up on the program why have many young africans leave in the country we'll find out how a town in guinea is dealing with the effects of migration and what makes people want to leave also coming up. in new drink in south africa infuses gen and the funds are unique to east africa.

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