the. world going up in snow. moving conflagration the world on fire starts aug 12th on g.w. we have to invite it back. and dance with the b. . india looks down again to stop the corona bars and chokes the economy owners abandon their businesses economists say a vaccine is the only hope. gold takes on a new shine a precious metal rallies a sign of more uncertainty about the pandemics long term effects. and if you ever feel uneasy about eating chocolate maybe it's because in slaves children in africa harvested the cocoa beans. and been physical and let's do business the corona death

toll continues to rise globally one person is dying every 15 seconds india is leading and daily deaths and you infections it's been in and out of lockdown a failure in the fight against the virus and a blow for business. less than a month ago stores in the indian tech hub of bangalore were forced to close once again. numbers of covered $1000.00 cases have risen after the steady easing of india's initial lockdown. still businesses and citizens alike clamored for the chance to get back to work. and they got what they wanted since late july restrictions have been gradually relaxed. but once again came a renewed surge in corona virus cases new infections nationwide have now topped $50000.00 per day for 6 days straight the world health organization has urged india to rigorously enforced health measures. again the potential for the disease to

spread quickly in over crowded urban areas and in poorly served rural areas is always there and india will obviously have to keep a very strong and sustained effort to both prevent the spread of the disease and to treat those who fall ill. people across the country are eager to get back to normal life but with infections on the rise it's unclear how india will balance reviving the economy with protecting its people's health. raji is executive director in asia pacific chief economist at i.h.s. market this back and forth easing restrictions and locking down again and then opening the economy only to see another surge in infections is exactly what economists warn would wreak havoc just how much damage is being done right now. the indian economy is there are very much in a deep recession already it's facing the worst economic crisis since

1979 which was the last time india out of recession because of the negative shocks to consumer as the corporate sector is also suffering very badly consumer spending has been hit very hard by the protracted lock downs with lock downs having 1st come into force in late march and ever since then various forms of restrictions have been in place that have affected the consumer and therefore many small businesses are suffering and the economy as a whole is facing a very long period of weakness until perhaps a vaccine can be found and there is some hope that india will perhaps be relatively early in being able to use the vaccine because the oaks for a vaccine this in a late stage of development and india has an agreement to produce 1000000000 doses

so that's a bit of hope at the end of the tunnel for india ysaye business is suffering just how bad is the situation i read that some businesses are even being abandoned i mean what do people do in this situation. well the problem in india particularly is that many small businesses operate which is very thin margins. many people are in the informal sector and are dependent on day to day income to survive and that includes many small businesses and markets so i think the economic consequences can be very severe the longer this goes on there has been some improvement in the last couple of months in consumer spending up to vittie. but clearly the impact is very severe and india already had a banking sector crisis even before the pandemic began so if many small to medium enterprises and even bigger companies face rising bad debts this hides

problems for the banking sector and that's a downside risk that could go on long enough to depend on the ends of the banking sector accumulates very large mountain of debts ling will shift failures of small enterprises quick question quick answer if you can what what's the best way out of this health crisis then i think the way things look right now for india and also for many other developing countries in africa for example the result is the vaccine there's a lot of progress now in the final phase trials of vaccines for india survives seen as the best hope because it's almost at the end of its final trials and because india has an agreement should produce a 1000000000 doses so i think at the moment a lot of hopes are being pinned that maybe a successful boxing insurer india and india itself is currently testing the vaccine

to make sure it is affective cable luckily that bus h s market thank you thanks. is a strong indicator of the growing unease about the global economic outlook the gold price is set yet another record investors have been piling into the precious metal is easily seen as a store of value with stock prices decline. for weeks the price of gold has hit a record off the record so reaching the magic $2000.02 is merely a question of time overall since the beginning of the year the price has gone up by around 30 percent and analysts say the trend is set to continue. but that is just the shiny side of the coin the flip side is rather different the current pandemic looks increasingly unlikely to disappear any time soon many countries are already experiencing a 2nd wave with devastating consequences for people and economies at the same time

central banks are also printing large amounts of money raising fears of inflation investment opportunities to scare us interest rates are at 0 or even lower and trust in the dollar is dwindling too so there are many reasons why investors are heading for the safe haven of gold. but just how safe is it let's go to colorado's an avalanche of corresponded in frankfurt the road is a golden bubble forming and could it pop. you know ben traders hate the b word it scares off retail investors the b word being bubble of course prefer to talk about an overheating of the market or of the gold price we are seeing there which of course only illustrates that financial professionals to find it difficult to explain with fundamental reasonable reasons what's going on there definitely is an element of fear in this surge and

when you know feelings drive investment this of course has the potential to be reversed as quickly as it occurred how much of this is a no confidence vote in currencies like the dollar of the euro. oh it definitely is a no confidence vote against the u.s. dollar its position as the words as the world's leading reserve currency has been shaken lately investors are discussing can america remain the world's leading economy or is it warranted right now to be more cautious most skeptical with dollar investments of course the federal reserve's stimulus policies are playing into this it has they have sent you know bond yields down but what's also playing a role of course is the way how the united states is governed right now. the rebels in person frankly thank you very much. now to some of the other

business stories making news virgin australia is shedding 3000 jobs as a 3rd of its staff the carrier is bracing for long lasting disruptions to air travel due to the coronavirus the company's selling itself to u.s. investment firm bain capital one of the filing for bankruptcy. and german mail service past is among the few profiting from the pandemic with customers will bring online and having packages delivered the service so profits rise by almost 20 percent that was more than previously expected. 19 is taken a huge chunk out of the chocolate market demand has collapsed melting cocoa prices creating a disaster for farmers in west africa could have used their reliance on child labor to make ends meet the industry promised years ago to wipe out the practice but hasn't. a village in southern ivory coast

a special division of the police force is out looking for children working in the kickout plantations instead of going to school. child labor is commonplace here and it doesn't take the police gnome to find someone. to love them. enough that we're taking the girl with us. and we're taking her mother too she can prove that her child should be in 2nd grade and that she went to school last year at least. and i. embarrassed the mother tries to explain. why we simply haven't been able to a full disclosure feast. on the word. count farming is no easy night 6 hours north we encounter a similar situation. rafael was able to sell one ton of cash cow for just over 1200 euros and that's all he and his wife and their 6 children have to live on for 12 months. i don't want my children to

follow in my footsteps we farmers barely earn anything i've told them they have to do better so that they can look after us one day. and indeed these farmers would have to earn twice what they do to cover their basic living costs one reason why their children have to help out on the plantations even though the cocoa sector agreed to cut child labor by 70 percent to ensure local kids get an education. or. children can't go to school because there isn't one however the children of the managers can the profits from cocoa allow them to attend school in the u.s. or canada. the big winners in the cocoa business of the chocolate companies meanwhile the farmers leaves out but the biggest loses of the children themselves in ghana and ivory coast alone says one us study 2000000 children are involved in

dangerous plantation work far more than a decade ago but escaping that also means an uncertain future these kids are off to a children's home into a life which may well be no better than the one they're leaving behind. and just briefly the answer to rotavirus according to a japanese governor is goggling using the product. doctors denounced the claims but sales went through the roof in japan it's struggling with over a 1000 you would factions a day twitter is awash with photos of him 2000 shells i was doing business with you . it.

was. come about in the corona pandemic. where does research stand. what are scientists learning. background information and news of. our corona update. code 19 special next on d w. w's crime fighters are back africa's most successful radio drama series continues this season the stories focus on hate speech prevention and

sustainable production. all of a sow's are available online and of course you can share and discuss songs africa's facebook page and other social media platforms. crime fighters tune in now. i'm david and this is climate change. happiness 3 books. for you. smarter earth free books. slate. carefully. there's simply. too big to.

discover to. subscribe to the documentary. these speeches on the spanish island of a pizza are usually fit to bursting good sun seekers from all over europe but this year there are just a handful of visitors to these golden sands bar terraces and shops. the pandemic has hit the island hard like many.