city hall. and a candlelit vigil was also held outside the section in the paris and the eiffel tower switched off its lights. now. you're watching the dover a news from brian may in just a moment my colleague susan bradley will have your business headlines including more on the economic impact of the beirut explosions don't forget you can get all the latest expecting to our website dot com of little rock n roll and it's watching. every day counts for us and for our planet. and a look at my dues is on its way to bring you more conservation. how do we make cities scream or how can we protect animals and their habitats what should you

go and waste. we can make a difference by choosing reforestation over a different station recycling bin for disposable smart new solutions oberstein said you know we've heard those truly in need and we know that their uniqueness is why the allows us to live them survive good why do you as the environmental issues stem global 3000 on t w and going on. the lebanese economy is in freefall now the country's largest port is out of commission and the entire city quarter is in need of rebuilding a look at the economic consequences of tuesday's explosion in beirut. also on the show the democratic republic of congo was hit with a surge in inflation after the pen to. it's

a further squeeze on exports. welcome to the show and. it's good have you with us times are already tough in lebannon food prices were rising power outages becoming more frequent and coronavirus case numbers climbing now the need to rebuild the country's largest port following an explosion on tuesday threatens to expose just how threadbare the country's economy really is. a city in ruins its gateway to the global economy destroyed lebanon is scrambling to pick up the pieces of this week's explosion. but long before the blast levanon to qana me was then a death spiral. rampant inflation and an increasingly worthless currency plunging many lebanese into poverty hunger and despair. all now are sure to get worse. more than 250000 people have lost their homes in beirut. and countless businesses

have been destroyed. and we compensate. we lost our houses all shops in the house of my grandfather's and we lost my uncle's wife and we took out from under the rubble is there anything bigger than the 6 of. the explosion leveled beirut support the country's main artery for imports like food and fuel the bulk of the country's grain and flour was stored in a silo there the united nations warns the blast could leave lebanon with a severe shortage of both of those staples. international leaders have pledged to send the lebanese government aid. but there are strings attached. what would you like to see the priorities 8 on that with unconditional support for the population in these 2 months and years now if you want to france has been demanding indispensable reforms inside sectors and energy government procurement in

the fight against corruption if these reforms are not carried out lebanon will continue to sink. really will continue on some. efforts will now turn to rebuilding beirut. that rebuilding the economy may be a longer and more difficult task. i'm joined now by christoph klayman he's project director for lebanon and syria with the freedom now been funded asian and he joins me from beirut you were close to the port when the explosion occurred could you briefly tell me what your experience was yes i was at my apartment just coming back from work my apartment is approximately 800 meters away from the explosion. i 1st heard a small explosion that felt a little bit like an earthquake and then a couple of minutes later as this big explosion that we all saw on television that

looks like an atomic bomb explosion and i felt this wave coming at me and i just was hiding behind. my whole it was basically wrecked you could see glass everywhere all the doors were flying around the apartment i was very lucky fortunately that nothing happens and you. know because of the economy in lebanon has deteriorated rapidly over the past 6 months just how bad is it for normal lebanese. for a lot of people it has really become. a statistic that show around 50 percent of the lebanese now live below the public line and that is a dramatic indicator you have unemployment rates of around 40 percent. currency lost around 80 percent since the beginning of the year for a lot of you know people this this is just an incredible that if you look at for instance the price. of rice it used to be 5000 lebanese pounds now it's

a room 15000 lebanese homes but salaries have stayed the same or have gone down and a lot of people lost their jobs so it shows you that it becomes almost you know very difficult to actually buy stuff speaking of foodstuff now the country's largest port which is the main artery for a lot of that food stuff it's in ruins what does that mean for the economy that is of course. problem is. first and foremost a problem also for food security in this country. is the 2nd port up in the north in tripoli it's a much smaller hold and it's very close to the syrian border also security concerns hold. destruction of that by report is really. not only to import essentially you know goods but specifically food and other essential.

all right christoph klayman with the foundation thank you very much thank you let's switch gears and go to africa now president félix just a lockdown plan was supposed to protect the democratic republic of congo from the chrono virus pandemic but was ease that the end of july inflation was up to 17 percent and that's left many facing ruin. fishmonger amelia kapanga is in a bind she buys her fish at the local wholesaler for prices that keep going up and she composite the difference on to her customers. we are fed up used to buy small fish for 20000 francs but today there are over 33 and we used to buy big fish 435000 products and now it's 45 it's really difficult there's no profit. when it's. money changes on the streets revealed just how much the congolese frank is falling in the democratic republic of congo many things are paid for in dollars

petrol school fees rent yet most people here are earning congolese francs so they're getting poorer c. has been struggling economically for a long time but the pandemic has made everything worse says economist no will she ani don't reduce should become. a 40 percent reduction in exports a 30 percent reduction in imports the result is a deficit in our trade balance in other words our country earns less foreign currency than it did before the pandemic. more foreign trade is needed to restore a better balance between the congolese frank and the dollar and to protect people here from economic ruin. an off kilter trade balance that's also a problem in neighboring uganda the country's trade deficit widening to over $300000000.00 u.s. dollars in june as coronavirus saps global demand for the country's goods it's just the latest problem facing the african nation which in addition the crown of our sections has faced

a locust invasion and flooding and now has very weak growth forecasts uganda received a $490000000.00 loan from the international monetary fund in may to help cushion the blow. and for more on this i'm joined by correspondent in kampala julius. good to see you tourism is such an important sector for uganda. because the pandemic tourism has been drying up everywhere how does the sector look in uganda right now. i think the situation in uganda as tourism sector is no any different from many other african countries uganda have liberalized and foreign visits has all come from. the united states and asia and now with the airlines down on no one is traveling it's been really a very hard time for the to operate as many 2 agencies of closed recently there was a relaxation of the local down and the national parks started opening the doors to

visitors but these are local visitors and local visitors contribute to a very small percentage to the tourism bust which is estimated to above 1600000000 so of it to all parties as i read in a very terrible time much as they're trying to come back to business the numbers won't make any sense until the foreign visitors come back. we talk about the growing trade imbalance and we just mentioned the lack of tourists and yet the local currency the shilling is actually doing relatively well against the dollar why is that i think it is so because one of the major exports which is coffee has been doing well the farmers of hard to bump a harvest export shadows have not been closed you've got no continues to export its coffee to europe the europeans are still questioning ugandan coffee and the price of coffee and a global market hasn't been so bad so uganda is hot. coffee exports trying to salvage the situation but all in all you can see that that situation might be temporary because you're going to see it doesn't get enough money from eaton says.

other exports so you can see that you're going to challenge is benefiting from the from the situation that is favored by the coffee exports at the moment because the bumper harvest has really helped. with air force in kampala thank you very much. stiglitz and the other global business stories making headlines. microsoft is interested in buying the entire global business of tech talk from its chinese parent company that according to the financial times microsoft's plans had previously left out the european and indian operations of the social video ringback . smartphones are made out of reach for billions of people according to a new study from the alliance for affordable internet nearly 2500000000 people live in countries with the cheapest smartphone will cost them a quarter of their monthly income. for the collapse of air travel during the krona virus crisis in the 2nd quarter was unsurprisingly perhaps

a big blow to live with more than a 1000000000 in losses now chairman carson spores talking about cutting costs and cutting jobs for most of lufthansa's planes still grounded currently unused runways the german and has been part nationalized within a deal granting it 9000000000 euros in state 8 but experts remain skeptical about its future. it's highly unlikely that. a traveling general will be able to return to preclude rhona virus levels in any case it will be several years before it doesn't look tense it will take a pretty heavy know. in the 1st quarter of this year the airline already suffered operational losses to the tune of 1200000000 euros in the 2nd quarter as much as 1700000000 on thursday chairman constant that recovery will take until at least 2020 full and that redundancies still in the calm to the outrage of unions.

we knew that the crisis would last longer than expected so we agreed to dismissal protection until 2024 so mr schwartz directive redundancies in the press today have come as a shock enough turns to has to stick to the agreements it's made for the hope that with the german state owning a 20 percent stake in the airline any job cuts are set to become a political issue and with the pandemic still in full force carefree flying as it once was will be pioneer sky for a long time to come. that's it for me and the business team here. a lot of dot com slash business and we're also on facebook and twitter i'm saving as watching.

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