tv Business Deutsche Welle December 30, 2019 6:15pm-6:30pm CET
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maybe turned out of office walked away from the auction. thess is the w.'s coming up next stop business afterwards stephen kids ring time to get you can go places news information around the clock on the web site w dot com on the back of the top of the conduct. what secrets lie behind the small. discover new adventures in the 360 degree. to explore fascinating world heritage sites. t w world heritage $360.00 get the maps now. i don't think the gym well i guess sometimes i am but i stand up and went to them
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and we should have been thinks deep into the jam and culture of looking at stereotypes the question interesting to see from countries that i not. needed change everything that is drama. it's all about a new i might show join me to meet the jam and sunday w. . post. the un sharpens its warnings for zimbabwe droughts government dysfunction and inflation are joining to create the worst hunger crisis there is in years now the u.n. says it will run out of food aid by february. also coming up trade wars following and growing anger in the streets of argentina we'll take a look back at some of the biggest business stories of 2019. welcome to the business africa i'm stephen beard symbol and thanks for joining us drought
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government dysfunction and an economic emergency have flung zimbabwe into its were . hunger crisis in 10 years that's according to the world food programme which warned monday that more than half of zimbabwe and are already facing food insecurity and that many could face outright starvation without help. the un's world food program says it will run out of food reserves to feed undernourished zimbabweans in february. insects harvested from trees in the night have become a critical source of protein for many millions of zimbabweans are now going hungry and the economic crisis continues to rage out of control runaway inflation means food is too expensive in this market because of prices because today to make this. $252.00 more of the added tomato $400.00 in people they don't if that that. soaring prices and shortages mean people wait days for fuel.
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for a total of one of them we came here yesterday in the morning at 8 and we're still waiting because there is no fuel but when we came it was there so we're still waiting. but running out of petrol doesn't compare with running out of food for more and more zimbabweans. the un now says half the population lacks access to sufficient amounts of affordable protein and its world food programme needs over $200000000.00 for an emergency response in the 1st half of the coming year alone. and for more on this i'm joined now by correspondent ellis fund gayle's in cape town it's good to see you has anything raised the urgency in particular in recent weeks with this crisis we know the world food program has issued a warning weeks ago i believe is this just getting worse or is there
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a particular thing that's happened. and it's getting worse and it comes out of the end of february through the program called peak hour hunger season so that's when they expect the need to be the most severe and by. now because we're funding to materialize food and somebody slates they basically need about 3 months so they also see that they seen one more shortages they've been monitoring markets in zimbabwe and say that top of the market only have me left which is the staple in in zimbabwe and then as you mentioned it's also on a report on top of that the deprived so are getting higher and higher which means by the end of the day food is there just for the privilege that still have money to pay it ok we're having a little bit of a problem with the line but let's keep going. you mentioned both the prices and the scarcity how much of this is drought and how much of this appears the economic
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mismanagement such as the inflation. a lot is droughts and. not just recent crowds it's years and years of drought and we don't know the seed in zimbabwe but we see it in a whole southern african region there's also a drought in part of south africa was in the can we talk of that's mozambique it also eastern parts of. we're ok by it's. a little bit more about your work though it's not have to do what they say here that climate change that africa is suffering most felt that. but of course the economic mismanagement on top of that doesn't tell all right and also did that mismanagement of the agricultural sector make things worse and then briefly do you get the sense that the government is taking corrective steps. they're saying they're getting food dates to about 750000 households but in the end they need to fix the economy. are
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taking steps look pretty i hope that the new governments that's been in place since it's a basic equipment got out what's changed is that it promises to try to mount the economy but they're definitely not doing that in the oil and now it's getting worse and worse actually facing all right let's find gold are joining us from cape town thank you very much we apologize for the quality of that line for a moving on it's been a busy year for business news u.s. china trade war has kept us on our toes and we've seen the reputation of one of the biggest u.s. companies boeing take quite a tumble here's a look back at the top stories in business news this year. will they or won't they the u.s. and china have been added throughout the year and in may trump announced that washington would raise previous tariffs where having a little wobble with china because they've been treated very unfairly for many many
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decades are actually a long china retaliated with its own threat and in the summer a truce was announced in the g 20 summit in all soka but the u.s. reneged on that tensions eased earlier this month u.s. president trump tweeted that a very large phase one deal had been reached with china with beijing agreeing to buy a range of american goods as a result washington suspended penalty tariffs set for december 15th something beijing confirmed that 2 countries now say they are preparing to sign an agreement next month. one of the sticking points between washington and beijing has been china's dominance in the tech sector and that is something the white house wants to end one of the targets of its campaign has been chinese tech giant while away the white house says beijing could use while waste technology for intelligence gathering and industrial espionage washington has been calling for its allies to block the company from participating in building 5 g.
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networks no surprise to the streets in neighboring france to protest against the government's planned economic reforms they believe they are hurting workers the french government says they are needed to overhaul the economy to make it more competitive. in the middle east the lebanese government's economic reform attempts were met with countrywide protests people took to the streets to demonstrate against plan changes to the tax regime stagnating economy and corruption and that led to the resignation of the country's prime minister. things didn't get as bad for those government but ecuadorians managed to push their lawmakers to the brink with protests that crippled the country's transportation networks in the end the government had to withdraw plans to remove a fuel subsidy after dramatic protests. and elsewhere in latin america people were taking to the streets in argentina and chile to protest against economic reforms and a higher cost of living. i
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cost of living was also a major issue for zimbabweans the protests were triggered by a 130 percent fuel price hike and that and the country's declining standard of living prompted people to take to the streets throughout the year was. the u.s. plane make a boeing also dominated headlines this year it started last march with a fatal plane crash in ethiopia the 2nd for its 737 max at 1st the company tried to deny responsibility but at. station authorities were soon ordering the grounding of the 77 masks its best selling aircraft within weeks of the incident since then the plane maker has been mired in a crisis in december boeing said it was holding production of the 737 max and c.e.o. dennis mullen burge was ousted new seal david calhoun will now face the task of engineering a turnaround and rescuing started reputation it's been
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a busy year for the markets across the world but it appears the u.s. markets have managed to ride out the uncertainty in the stock market is at a record high in the u.s. and that's something the u.s. president has been raving about and taking credit for he says the highs a jew to his reforms hard to say but what is clear is that the global economy has been slowing with the i.m.f. and the world bank mainly blaming the u.s. china trade dispute but despite that there's been records in markets in both sides of the pond and that was a spot of good news this year. and our financial correspondent in frankfurt bards gave us his appraisal of the markets and his expectations for next year. it's . there's a party going on here on the floor of the frankfurt exchange says music and lots of easy chatter but it's not about them as i'm for 2020 people are celebrating a very spectacular 20192020 could be
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a different story sure interest rates will continue to be low but the world economy is conjectured to suffer further under that all that uncertainty coming out of the brics that and the u.s. trade deal both of those issues will come to some sort of decision. people expect here towards the end of the year in november with the u.s. elections and at the end of 2020 when perhaps the final breaths that they the final breaths that that line will pass still people say that the share prices could creep up incrementally of people aren't expecting the same kind of gains that the markets had in 2019 no one thing to watch will be green for the unsustainable financial products gaining more and more and popularity and with the fridays for futures movement awakening many investors true that could be one of the trends coming in 2020. hours there in frankfurt well it's time for new year's
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resolutions and if you're like me you'll vow to be more active in the new year well there's already a market waiting for us health and fitness professionals surveyed by the american college of sports medicine say 2020 is all about where a bill tack that includes 4 watches that monitor heart levels and calorie consumption while doubling as phones texting devices and more prices very ends in the end we'll have to do the hard work our selves. germany imported record number of fireworks last year but this year's new year's celebration kicked off with a band rather than a bang imports of rocket sparklers and bangers rose 48 percent last year with most of the festive fireworks coming out of china this year the berlin government has introduced a fireworks ban however in the center of the city citing the large amounts of pollutants created including plastic waste and fine dust. that's it for me in the business team thanks for watching.
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