ok it's not a disco and it's not a boy band coming up straight ahead we are a band with a business there's this is the w. x. y. or. they've been robbed of their soul that's what a people experiences when their heritage is taken from them the. countless cultural riches were stolen from africa and carted off to europe by colonialists. each artifact has blood on it from the looms that have yet to heal.

what should be done with the stone or from africa. this is being hotly debated on both continents. stolen soul destroyed september 7th on g.w. . the incredible shrinking economy india posts its was the economic performance in a quarter century the numbers are even worse when you figure in the all important informal sector. logistics firms join the race for a coronavirus vaccine that constructing sub 0 storage holes for what it could could become the world's biggest logistical challenge. and i didn't see no diffuses fears of a messy default agreeing to a massive debt deal. with prejudice it can set the benchmark for future so very

pricey. and then physical and let's do business incredible india was the marketing slogan in this case an incredibly woeful performance and record slump for india's economy a 24 percent drop in the 2nd quarter much hold'em focused it's the same story playing out around the world straight lockdowns to contain the coronavirus has driven down spending and investment india was the world's fastest growing large economy until a few years ago now analysts are predicting the 1st full year decline since 1900. 80. 1 thing for sure. all of. this when you see the negative. it is very unlikely there. and. i should touch upon days following this story for us is the future so bleak i

mean where all betting on a recovery at some stage most nations around the world. well ben yes it does seem so at this point of time there are many reasons for that firstly india is not out of the woods as far as coronavirus is concerned the cases are still rising in fact the new epicenter so that's going to keep people indoors for a longer period of time there is going to be this uncertainty that is going to bring them to hold on to their cash then the government also does not seem to have enough fiscal room so they have they already stretched so there's new stimulus coming from that and so far and and also the fact that inflation is rising you see the prices of fruits and vegetables quarter inflation is actually on the right so that gives the central bank in india of very limited space to maneuver they've already cut interest rates many times and it will not be that easy for them to actually go for further rate cuts and that is going to be really problematic for

the indian economy going forward and i'm talking even was figures as i mentioned before for the informal sector that's the backbone of the economy even worse than the official figures tell us what they are. informal sector is basically 50 percent of the indian economy employs close to 80 to 90 percent of the people and yes they are not included as part of the figures that we are seeing a 20 point one percent so clearly the economy is no worse. deal the people who would be could see at the height of pandemic they were the ones walking on foot from the cities to the villages they were returning home because they did on how to work and there were hundreds and thousands of people walking out of kilometers by foot and still in the villages there are no signs of any reverse migration taking place for them to return to the city some are at this point time new to realizing that this new job in the village is. also so they are going back

but still it is going to take a lot of time before we see these people who are the backbone of the indian economy return and actually contribute towards. the economy who is at fault here because it's not just a pandemic is that the economy was in a pretty bad situation before the pandemic well you're right so the government calls it an act of god but clearly you can't actually absolve the government of the blame so they are partially to blame indian economy was struggling willing to the pandemic consumer spending was a was at decades low unemployment was at decades was a decade high there were a lot of structural issues that the government was unable to deal with despite having a lot of. backing in the parliament so these were the issues and as if now we see that it's only getting from was the worst from bad to worse rather a lot of issues a lot to do and i thank you very much for bringing us up to date. well states and

corporations continue to pour an unprecedented level of funds into the race to find a covert vaccine but it's not just the pharmaceutical sector involved here logistics companies are also investing big time almost everyone around the world will want that vaccine at the same time and that's going to be a logistical nightmare. this is where some covert 1000 vaccines will make a pit stop before arriving at sure doorstep. long aisles flanked by columns of nearly 2 meter tall freezers each set to minus 80 degrees celsius. once ready to vaccines will leave the laboratory for transport to the freezer farm . here they'll carefully be stored until packaging in insulated boxes with dry ice before being delivered to the customers. you would not be able to operate.

the freezer from without personal protective equipment so our people are supplied with the right gear like specific office and goggles to be able to handle the products inside and it's not a temperature that you'll be able to walk into the freezer farm the size of a soccer field is one of 2 such facilities that u.s. shipping firm u.p.s. is building to safely store millions of doses of coronavirus vaccines it's located in the netherlands close to the german border. u.p.s. is building the other one near its air hub in level in the u.s. state of kentucky. with biotech firms racing to develop cove in $1000.00 vaccines there's still little data available on their privilege or stability u.p.s. is in talks with vaccine makers and u.s. authorities about how the supply chain would work at any rate a major challenge for freight companies. the dollar has dropped toward multi-year

lows against most major conses they bring back fall into $1.19 against the euro its lowest in over 2 years the federal reserve policy framework continues to fuel bets that u.s. rates will stay lower for longer officials now say a low rate of unemployment won't necessarily mean higher interest rates that encourage trade is to sell the dollar's. let's go over to our financial correspondent in frankfurt chelsea delaney to talk about the effects that sinking dollar is having on european exports. so this is certainly a very important dynamic for your as well so if you think about the dollar you often think of the u.s. economy but the dollars is really it's the world's currency so any in any changes you see in the dollar it will ripple through to the global economy and here in europe this is a major concern for export dependent economies and for export dependent companies because when when the dollar weakens that means the euro is strengthening we've

seen the euro strengthen about 7 percent against the dollar and the past 3 months so that means that all of these companies that are sending products abroad that are especially dependent on u.s. buyers for their products their products just got a lot more expensive in the u.s. so given how weak the economy r.t. is given how many headwinds these acts porters are already facing exports from germany fell about 20 percent of the 2nd quarter the fact that now the dollar is strengthening air is weakening and that and the euro is strengthening that's going to really make it more difficult for example for the car industry for manufacturers for any for any economy and any company that's very dependent on u.s. buyers of their products so is this changing the way the europeans who sees things . it's definitely something that the e.c.b. has on their radar. all the central bank watches their currency value very closely

they haven't expressed a lot of concern about it so far for example we heard from isabel schnabel who's one of the e.c.b. members. in germany this week and she said it's not a huge concern the strength of the euro really reflects the recovery in the european economy but of course if this continues to strengthen if this does start to pose a real threat to the outlook for germany and for the euro zone back and that could certainly spur the e.c.b. and to action to weaken the currency chelsea 20 for us in frankfurt thank you very much. now to some of the other stories making news around the world zoom's video conferencing service is one of the big winners of the coronavirus pandemic reporting a huge jump in revenue in the us what it's 660 $3000000.00 that's as hundreds of thousands more businesses sign up to use the service when a factory activity in china expanded at its fastest in nearly

a decade last month as factories ramp up output to meet rebounding demand you export orders also rose for the 1st time this year. south korean prosecutors haven't done it in the it's the samsung empire j. widely on charges of manipulating stock prices and breach of trust to cement control of the group the gravity of capital market manipulation was given as the reason for the move despite an independent panel's recommendation not to indict. and as the us most street to sanctions on venezuela's oil industry the country has begun selling fuel to motorists $400.00 a decision has led to long queues against stations as those lucky venezuelans with dollars in their pockets lined up to fill their tanks. this next story could set a precedent for sovereign crises argentina has managed to solve its debt crisis

winning over creditors in an agreement that allows it to exchange 99 percent of the bonds involved in a 600 or $65000000000.00 restructuring the strong deal is a major win for a flagging economy. even an enormous crisis and financial disaster can't take away arjen times love of tango as evidenced in this international online dance competition but the coronavirus pandemic has made the situation drastically worse argentina is in its 3rd year of recession and its economy is expected to contract by 12 and a half percent this year inflation is running at over 50 percent and more people are slipping into poverty. a lot more to. her many people like us who work who get their food day by day and the precariousness of the labor market means that if a pandemic comes nobody will have a shelter or economic security. or whatever the little boat is this is the

struggle of the poor we struggle here every day so that people believe and realize that we are families who are in need families that are not here just for the sake of it we are here because we have nowhere to be we have families who want to put down roots and make a home lad but monday settlement puts argentina in a much better financial position to start the long haul out of recession and the specter of a 10 sovereign default no longer looms over the country. business with. a

smartphone lifespan 18 months max. fireball materials extremely high cycle built sounds of. side effects environmental pollution child labor harsh working conditions fast from the short blocks of ourself closer. next song t w. w's crime fighters are back africa's most successful

radio drama series continues the whole episode are available online the course you can share and discuss song w. africa's facebook page and other social media platforms to a crime fighter to me now. making phone calls browsing the internet taking photographs shopping our lives increasingly revolve around smartphones to take us like eunice county out these devices a fun move and just telephones discover that even so i'm one of those old people who don't just view the smartphone as a utilitarian object i think if i can get really enthusiastic about design a good display i start every year phone makers flood the market with new models.