20 will be one of the hottest years in history. that's it you're up to date our coverage special is next fred gough will have you up next update at the top of the tower of good. food. every 2 seconds the person is forced to flee their home. the consequences into sastra so our documentary series displaced depicts dramatic humanitarian crises far from the world. forgetting we don't know if that meant i didn't go to university to kill people i thought if i don't paint people feel for their lives and their future so they seek refuge abroad but what will become of course to stay

behind it's a. little my husband went to peru because of the crisis i wonder if he hadn't gone there we would have died of hunger and i want to now. just starts october 16th. a warning from south africa's president so ramaphosa says the country's debt levels have become unsustainable we'll look at how south africa can dig its way out of the hole also coming up e.u. leaders are discussing post-breakfast it relations with the u.k. as the 2 sides thrash boris johnson's deadline for a deal. and k. pop is a hit on the markets shares in the management company a south korean boyband p.t.'s more than. doubled their stock market. this

is the business i'm in welcome to the program south africa's president zuma rob opposed says the country cannot sustain its current levels of public debt servicing the debt is diverting money away from efforts to rescue an economy that was struggling even before the coronavirus pandemic fortunately for him a meeting of g 20 finance ministers led by saudi arabia this week agreed to extend a debt moratorium for the world's poorest countries by a further 6 months 46 countries most of them in africa have already applied for a suspension of repayments now have until at least june 2021. well it's this gus this with copious fun starts and from the south african institute for international affairs welcome to the program so so ramaphosa says south africa's debt levels are now unsustainable i mean how serious is it got.

it's spirits pretty serious that. they planning to try every. plant trying to reduce the debt levels which was exacerbated was a decade of corrupt lending me south africa. and the nikkei but the indications are that if you think them and the kind of spending cuts that is needed to take the country out of its current debt hole there to that will impact on social spending so much that it will really be very bad economic growth so this is a kind of a dilemma facing and it's really worsened by the current group of our growth group growing of ours crisis you know some better news for maybe africa as a whole is there change 20 announcement that they are pushing back debt repayment by 6 months and important is that for the continent and the countries that will

benefit from it it's helpful but at the same time is not needed. keep in mind this suspension interest of because it's bilateral and not multilateral commercial it and at the moment like even today actually zambia moved a step closer to default with euro goblin it was one of one of the main problems commercial lending is not covered by this at all 'd despite the g. 20 is trying to get commercial in doesn't. it it helps a little bit but it doesn't really help us now they're even cause already for the fed that day to be pushed back even further that we know that there was some resistance from china to this debt and i plan what what is the criticism of china in this whole situation after all it is one of the major credit has. it's one of the continent's biggest critics china is the

g 20 member officially is on board with the g 20 years as a. chinese. actors are insisting on negotiating debt on a case by case level rather than rather than in a blanket agreement so this is taking very long and it also they pushes private creditors to to wait it out to hang back and to try and see if china gets better better terms than they do so it is true it is you can push the negotiations longer and longer like pushing many countries closer closer to default so the chinese position is it's quite problematic and on the other hand you know i think i think in the end the chinese prisoners will be willing to to arrange some form of a settlement where it's not clear exactly what the commercial that this was to a compass van statten from

a south african institute for international affairs thanks a lot for bringing us your insight on think of a business. now technically the u.k. left the european union back in january but the 2 sides are still arguing over what their post relationship will look like the final deadline for a deal is fast approaching and today's e.u. summit is expected to be decisive will the 2 sides keep talking or is it time to prepare for a final no deal brax it at the end of the year well an e.u. u.k. trade deal would help bolster the u.k. economy at the start of this year as you can see it was already struggling but the coronavirus pandemic has caused a drastic drop in q 2 g.d.p. since then it's recovered a little bit nowhere near to its previous level the latest u.k. unemployment data puts the rate at just 4.5 percent only a little higher than it was a year ago however the u.k.'s office of budget responsibility says

a 2nd wave of the virus could push that up to nearly 12 percent by the end of this year the pound has been looking healthier in recent weeks though suggesting traders expect a brick city of despite all of the quarreling however there are those who say that boris johnson the prime minister doesn't even want to deal with the e.u. that's a prospect we put to maria de met cis deputy director of the brussels based think tank group are some of it might be political expediency post your read by the men at the end of the day if you're a producer you're looking after the best you can 3 you really do want a deal i don't think i can see a world in which you can do better otherwise as so you know the carols might ensue if we don't get a deal but i think that all everything will be done on both sides to actually get something even if it's small and in fact it will have to be small in the sense that it will be the confines for something that we can build on in later years. well the

automotive sector is among the industries watching in suspense whether brit's unami you can agree to a free trade pact carmakers and supplies in the u.k. are closely linked to the continental european partners most companies are already expecting an increase in paperwork but additional tariffs could put companies out of business. this machinery has come to a standstill for now car parts supplier good fish has no use for it in the u.k. anymore chief executive greg mcdonald plans to send it all off to slovakia that's where he sees his company's future so these are the machines i've got mothballed ready to go all the lorry off. into a factory i haven't got yet but if i had it. good fish makes plastic components for the auto industry in britain and europe breck's it has shaken up its business model the company's u.k. production has already been scaled back if next year sees delays at the border with

the e.u. it will be fatal for its just in time manufacturing operation. if one part is missing from the call all the calls are to come off the production line and it very quickly becomes an impossible process if the part of the rod was thought runs down and then it runs out on the line stop. so you are you don't need much to go wrong. british car makers are already suffering investments have dropped 80 percent in the last 3 years much of the u.k. car industry could die out without a free trade agreement with the e.u. besides delays at the borders there'd be high tariffs as well. i think the u.k. rules will see its kind of premium and luxury and continue in the future the kind of made in british element a rolls royce or bell is important but in terms of the mass industry you know if you think about nissan or toy or vauxhall which is owned by persia many of those

plants actually export most of their production to the e.u. now in the event of no deal and tariff barriers there's a question mark about whether that is viable so the mass scale industry could actually down the line disappear. good fish is planning to move its car parts production to eastern europe. jaguar land rover a major customer has already opened a large planted it slovakian subsidiary. and greg mcdonald has been there looking for factory space for his company. on a lease. send the equipment over there hire people are already been speaking to agencies already got a team of people out there who'd like to come and work for us they read about us by googling you came out of factory moving to. a free trade deal with the e.u. would make many jobs in britain more secure not just good fish but throughout the

auto industry. now for a brief look at some of the other business stories making the news the silver screen is making a cautious return in india after months of shutdown despite the country's virus cases surging past 7000000 of bollywood is partially reopening some cinemas this restrictions are eased strict social distancing rules will apply. siemens health in is has launched a rapid coronavirus antigen test kit in europe rising infection numbers have boosted demand the test is able to deliver a result in just 15 minutes like a pop it's not only conquering the music charts it's also proving a financial market it shares in the management company of korean boy band b.t.s. performed strongly on the stock market debut thursday the huge interest in the i.p.o. is a reflection of the massive global success story that is south korean pop and its

current kingpins. even though she could only watch the show online wearing a mask in the presence of a few friends b.t.s. fan angie one was deeply touched. she was one of more than 100000000 people worldwide who logged on to watch a b.t.s. concert last weekend. this 7 piece group of korean 20 somethings clearly means a great deal to her and many others around the world play. a lot of almost their songs are really good their sons gave comfort in these tough times and made me a fan. such devotion is lucrative for korean pop purveyors it's easy to understand why big hit entertainment the management company behind the band decided to launch an i.p.o. demand was huge the share price almost tripled within minutes giving the company

a market cap of almost $10000000000.00 comfortably making it one of south korea's tarty most valuable. my name is jim is now a major worldwide industry leader with their smooth american accents and seemingly universal appeal b.t.s. are at a global forefront. big hits successful i.p.o. is also good news for this month. the management company's founder is now a multi billionaire well might he be buying his drum. for its passionate fans though the appeal of b.t.s. is about something much more personal than a share price 2. that's all for us thanks for joining us.

to the point strong opinions clear positions international perspectives. from my state of munich paris to prague corona virus infections are surging in europe big cities at the front of the waves can new restrictions bring the situation under control just on to the point. to the point. of the 60 minutes on. what secrets lie behind.

discover new adventures in 360 degree. and explore fascinating world heritage sites. world terror. 363. now. this is a state of new news africa coming up on the program. more power guinea's president alpha condé is seeking to extend his rule in what will be a tense and high stakes election on sunday. at g.w. visits kenya's rift valley way of rising water levels have flooded entire communities displacing thousands off and have it.