ocus on hate speech prevention and sustainable local introduction long episodes are available online and of course you can share and discuss on g.w. africa's facebook page and other social media platforms. crime fighters to now. a changing of the guard in japan a new prime minister is set to take over an economy battered by the pandemic japan's ruling party elects just the dissidents from 16 she's a lobby. and not a very happy birthday ok turn 60 today low crude prices put the cartel in a bind while oil giants forecast lasting scars from the coronavirus. and this is all one that's to business japan's ruling party has elected chief cabinet secretary

. as its new leader that makes him all but certain to replace a lobby as prime minister he's resigning jujube health issues will have a crisis on his hands. yoshi he does sue god knows what's in store for him the 71 year old had been so obvious right hand man for over a decade serving the former prime minister as government spokes person it is now up to him to lead the country which finds itself in crisis amid the ongoing covert 19 pandemic. in the 2nd quarter japan's gross domestic product dropped by almost a 3rd private consumption a pillar of the economy worth about half of its g.d.p. fell by 8 percent experts were down by almost a 5th. experts are not expecting new economic ideas from your sheehy disregard he has already announced he would stand by his predecessors concept of aba nomics

which has loosened monetary policy and fiscal stimulus through government spending . in the midst of the corona crisis the economic situation around the world is dire the results over the may june period are the worst since the end of world war 2 what should be done about it what to do in this context it is of course a question of helping the economy in death. the government must do everything in this regard so that the citizens resume normal daily life as quickly as possible. into my ear. where their policy might be identical their story couldn't be more different. the are there was born into a political dynasty his successor sukkos the son of strawberry farmers and worked in a cardboard factory to pay for his law degree. is known to be an r.v. loyalist his election to prime minister promises continuity but not a new push to solve japan's economic problems. is following the story for

us same old japan is that good for the economy i mean was no makes a success good question there's a definite kind of. tried to reinvigorate the economy he managed to he basically turned inflation around deflation into inflation which is good and the g.d.p. did grow slowly moderately but it did grow but looking at what happened when he actually started that was right after the fukushima double disaster nuclear power disaster and earthquake and after the financial crisis so from a very low point growing one directly you could say it is kind of but not a bad thing smashing success in japan you have an aging shrinking population what about these efforts to get women into work and attract foreign workers well let's start with foreign workers 1st because that was actually

a success the number of foreign workers doubled from when he started being prime minister that's basically 0 well yeah i mean you have to start somewhere right at the theme here but no it actually did work it's still not enough to counteract the shrinking population but it is still good looking at women i mean i would like to say the labor participation rate is really high for women which is true but most of the jobs are dead end jobs part time jobs menial jobs jobs that actually got cut right away when the pandemic hit. so that has it raised all of these you know women actually going into the workplace and also japan has really formed in like the gender equality rankings of the world economic forum because they're right about where the united arab emirates are so not really that much of this i think so if he wasn't all that successful and his. successor is going to follow the same line i

mean what can we expect not really anything new which you know you could say is good because it's continuing in a crisis but then at the same time if these are policies that haven't really worked it's kind of scary to think that it's probably going to continue like this for another year i definitely would not want to swap jobs it's going to be really hard to do thank you very much for coming in today thank you. now to some of the other business stories making news this hour. japan is following china and south korea in suspending german pork imports officials last week confirmed a case of swine fever in germany's wild boar population german exports had been soaring after the disease devastated stocks in china. there are reports that the sale of talks u.s. some is up in the air says chinese owners by dance of pursuing instead a partnership with oracle to get around a band from washington and appease beijing. european comic is a calling on the e.u.

and u.k. to avoid a no deal break that they want it cost the sector 110000000000 euros in last trade over the next 5 years failure to secure a deal would mean tariffs making vehicles more expensive heating to match. the organization of petroleum exporting countries is celebrating its 60th anniversary but things couldn't look worse for opec the oil age is coming to a close according to forecast as he says fossil fuel consumption is set to shrink for the 1st time in modern history it says climate policies of boosting renewable energy and the corona crisis will scar global energy to mad and remaining relevant could become an even bigger challenge for the consul here's a look at how the club of oil produces came to be at the baghdad conference in september 1965 countries saudi arabia iran iraq kuwait and

venezuela form the organization of petroleum exporting countries their objective as laid out opec founding resolutions it's to coordinate petroleum policies for its members and to safeguard their interests individually and collectively. this meant deciding as a group today composed of 13 countries to control production levels to prop up prices increasing demand for oil fed the cartels influence and it played a role in geopolitical events the arab israeli war in 1973 saw the cartel hit israel's allies with an embargo the us and europe suffered an energy crisis. germany for example banned driving on sundays to curb oil consumption. the embargo was lifted in 1974 but the next oil

shock was just around the corner. the earring in revolution of $979.00 triggered a sharp supply decline oil prices shot up words nearly tripling in a year. the twin oil crises of the seventy's spurred or oil exploration and production among non opec oil producers today some of the world's largest like russia china and the united states are not opec members the rise of new technology like fracking has also diminished the oil cartels way renewable energy sources have also grown. in 2020 opec 60th year recurring oil market turmoil has failed to become a thing of the past crushing crude demand amid a global pandemic that threatens to become a long term decline further eroding the cartels relevance. is investor research analyst at the share center and. how relevant is

a pick today it is still relevant because we all still do it as an extent that control prices. have been. crosses. fine you did agree to cut back on production if you recall. back in april there was a fairly substantial cut back and roughly 10 percent of global. production so it is relevant but not to the same extent that one back in the seventy's when you know a decision by opec which was to a certain extent very political it is to a certain extent they get into compliance but it certainly doesn't have the influence as it had back then partly because you know you've got. the world's shifting to other forms of energy natural gas is actually is become far more significant we've got renewables or on the rise and also we've got the u.s.

who is now the world's largest oil producer not so dependent on overseas imports because most of it is actually produced within the country itself you don't have to give me an exact number but how many of your clients ditching oil to invest in things like when your balls and incompletely other sectors. it certainly is something that investors are looking towards foreign war there seems to be a bit more of that as to what sustainable investments social social investment is well really doesn't feature in that area. but you know we still have your investor here and there who are looking at quality we are looking to take advantage of you know political event that we can occur which naturally affects the price of oil but there is more of a trend towards renewables and away from well as industry in general. but that may

be the fact that so you know we've got some of the very big oil companies who have ditched their dividends and you know one of the key reasons for investors investing in oil it was the steady stream of income that they had and the years that is looking around certainly in this environment forecasters were already talking about the death of fossil fuels and then corona came along i mean how much is the pandemic speeding up this this trend of when dealing significance of oil. well i think your theory is that the pandemic is going to bring forth the peak oil environment by a good number of years because in for coffee it runs up and you think that will we may even see that in the 20 twenty's at some point reading it because you know all the situation is done he's making more and more people work from home office workers like mr serry traveling in they don't need to drive they don't you think probably can't force much and i think there will be

a permanent shift in office in the way we work more and more people will be working goodhue days from home and abroad for. the demise of the not to mine also we are an environment where we are concerned about. global warming and naturally renewables are the future during renewables are proven as of over here in the u.k. june during part of the year part of the year we've had 3 nubile producing more any u.k. that we've been dependent on fossil fuels it's possible for a country to depend on humans who have unfortunate going to bring usually produces . a laugh and leave it there thanks for joining us thank you.

life on earth. coming to an end. to coincidence. or is it capable happened. to a bit like winning the lottery. first or unique start september 18th on d w. in the army of climate change. clothes made most of us. seem stupid people.

today the future. local news dot com for the mega city. just. click the turks. america in flames these demonstrators are protesting against police violence towards people. on the other side are a growing number of heavily armed militia wisconsin a cellphone supporter of president trump shot dead 2 left wing activists. the right wing militia america wolf says the police have failed and that the u.s. needs armed men like himself to restore it. law and order. people that are down

there they're not protesters they're criminals and they're actively working to help the stabilize our government. and. target practice for members of the militia american wolf at a secret location in the u.s. state of washington. this is a k 47 rifle holds 30 bullets the notorious automatic weapon is the one peter dios prefers. the kalashnikov was originally developed by the savia dread army for.