in a congress still reeling from last month's events it is partisan politics that makes it very unlikely the prosecution will get the 2 thirds majority required in the senate to convict trump. and search you're up to date more of the top of the hour stephen beardsley has your business update in just about every good day. by dusty very muddy ties and drones we deliver urgent lifesaving boxes we give our everything to reach those who need us the most every box feeding their futures. boxes full of our hope of lifesaving food in the sun much more down roads with no names we feel asleep to live a relentless you know promise to make every delivery special. not

just next day but every day. thousands of children still waiting for that delivery sponsor of books today so together we can deliver inches. south africa wants to switch vaccines to focus on stopping the local corona virus strain what that means for its inoculation plants and what is signal for the wider distribution of jobs around the world. also on the show the jury orders banks to crack down on crypto currency as well trading is booming all the while store teams are taking a tough stance now. and the world supply of semiconductors is tightening and europe finds itself lacking in the race to secure access. well welcome to the show i'm

sitting here thinking brylin it's good to have you with us south africa's health minister said the country is willing to swap or even sell its batch of astra zeneca vaccines as the pivots to a different vaccine to beat back the local coronavirus variants the country scrapped plans to use the astra zeneca shot after studies suggest if it's less effective against that local strain for line workers will instead begin receiving the johnson and johnson vaccine next week but only as part of ongoing trials for the job which still lack approval south africa currently accounts for 2 fifths of africa's coronavirus cases. judge in shop again is secretary general of the international federation of red cross and red crescent societies he joins me now jogen thank you for coming on to the program your organization is campaigning for equitable vaccine distribution this story in south africa south africa suggest that distribution may not be so straightforward what kind of challenge does that pose for your efforts you have absolutely guy. access on the distribution

puts things access i think we need to have systems in place that equal sharing of the fact so that's one aspect the 2nd aspect is of course in the distribution and now is we have seen that a number of complex design around on the one you just described about. the buy this is mutating so some of the by this we taught was picked in minute anyway so that is one aspect of the distribution channel and the 2nd is of course you know the number of countries competing to be off of the vaccines in a way it is assumed is attracted to other bottom so in certain countries especially the women the other countries they have only actually at the level that they can vaccinate. all of the population why in the poorer countries minutes be able to actually do it when the frontline health workers and this is one of the aspect we

have we are campaigning for the post office we must provide the grass is every country to be able to distribute to the people who need it most wanted program health workers the elderly the most fund that's needed how. you've been arguing in particular that migrants and undocumented immigrants must also be a focus for societies do you think governments are listening to what you've been saying. and please we just saw good news from you a couple of days ago and that they have decided to include the migrants and we continue to look at this number this is not a political statement and this is just a common sense that if we have if we want to defeat this bias we have to tax in it and it's busily the migrants and the displaced population because they are already living in a difficult environment where the high teens and things like that may not be live and so they had all that under the most recent you got to get the bias and if they're not that's it they could be the sure supply of the vita's to the people who

held the maybe even the people who are already next in it so it's a it's a common sense public health minister to everyone including my this is picked about their legal status or a judge in chap again he has secretary-general of the eye of r.c. thank you so much for joining us thank you for having me and we go over to nigeria now where crypto currency traders are angered after the country's central bank ordered lenders to stop servicing cryptocurrency accounts in a letter the bank reminded lenders that trading in the likes of bitcoin more narrow and one coin has technically been outlawed since 2017 the jury in training and payment apps have now stopped accepting cryptocurrency deposits the country had become a hotspot for crypto currency as local currency the euro has depreciated in recent years. and for more on this i'm joined by.

why is this happening now if this rule has been in place as 2017 wiser suddenly a crackdown now. well let me put it to nigeria central bank did not buy on that transaction on to what the nigerian by the central bank pete is by name using nigerian bonds to trade to so nigerians come why it is happening now because up to prevent conditions last night cuba created $216000000.00 in crypto currency. it kind of. lapsed and i'd you know see kind of because it's a kind of a sick prissy and frenzy kind of transaction where you don't even know who we are transacting we did i kidding economy us went into recession now that is the issue of terrorism there is show of fraud and safety always what is going to become so

popular in nigeria. it is an easy way of making money for so many millions of ny getting on in law it. is the transaction of whom is in doubt compute has a mic money we don't like to put it that mint robot in the big jumps and you know that appropriation of nigeria is most. less. all right. thank you very much. thank you. well from cell phones to modern cars semiconductors are an increasingly critical part of modern products and there are increasingly high demand in the us the production of europe's relevance in the sector appears to be. not sounding alarm bells in european capitals. semiconductors are in demand and money is cheap

tech heavyweights have taken note and are on a shopping spree with their sights set on europe's relatively small and affordable companies after all europe is a huge market that said to grow rapidly. that's why 2 companies changed ownership this week german micro chip maker dialogue now has japanese owners while silicon wafer producers still tronic was snapped up by a taiwanese firm british based chip designer air m. is also the target of a takeover bid nvidia and the u.s. wants to buy it for 33000000000 euros. authorities could still intervene 18 member states declare the semiconductor industry as strategically important back in december the industry is set to receive billions an e.u. subsidies to maintain europe's technological independence. the world's chip makers are mainly concentrated in asia with a 70 percent market share the world's largest supplier ts m. c.

is based in taiwan american firms have a roughly 20 percent share of the market while europe lags behind at 8 percent. european firms long underestimated the importance of microchips just take cars and trucks europe long specialized in high quality mechanical engineering but today's vehicles are increasingly resembling drivable computers europe has neglected the semiconductor industry long seen as low margin and volatile that's now become the continent's achilles heel. let's go now to some of the other business stories making headlines. japanese carmaker toyota saw profits jump 50 percent in the last quarter from october to december the company made around $8000000000.00 mostly helped by cost cuts as operations are still suffering because of the pandemic. travel restrictions at the hotel industry in germany with full force in 2020 the number of overnight stays falling by almost 40 percent to

a record low of $302000000.00 that's the lowest level since 1902 overnight stays in hotels have been banned in germany since fall 2020. your maker heineken is cutting $8000.00 jobs after profits plunged due to the lock down the brew of i'm still tiger and more ready said 2020 was a year of quote unquote unprecedented disruption pubs and restaurants have been closed in many parts of the world. well majorca was one of europe's main tourist destinations today the spanish island is suffering badly from of course the coronavirus pandemic such as the homeless or retirees who have been affected by the lock down middle class families are at their wit's end as well and 2900 or than 10000000 tourists visited majorca last year a mere 1400000. pama day my orca in the winter pleasant temperatures and mediterranean ambience but things have been different in the past months everywhere

lissett you see people lining up patiently in front of churches and aid organizations waiting for food handouts the island's once mighty tourism sector as collapsed amid the coronavirus pandemic poverty is rising. but i think we're a family of 5 we don't get any support from the government and we have no income that we're not. doing very badly in this situation there's less and less work. will bars and restaurants are closed due to high infection rates it's a catastrophe for people like that. he's one of 25000 restaurant owners on the island he says the 1500 year old government aid for restaurants is a joke. the little bit i earn here is not enough for me or the employees i would have to use savings that i

don't even have and depend on help from my parents and my brother. restauranteurs like i'll bet you are afraid for their livelihood they're already writing off any profits from next easter people are angry and desperate on the ground there are protests regularly as unemployment reaches record levels some are calling for the regional government to resign they feel abandoned. by the top half meanwhile the authorities say infection rates are just too high and the situation in my orders hospitals is getting dire. intensive care units are running at capacity there's still no chance of easing lockdown restrictions the only hope is a successful vaccination campaign. i need a massive vaccination program we want the central government to treat the blair government

as well as they do other body joints of spain we need vaccinations now. the famous playa de palma is unrecognizable bars and shops are shut the mood is hopeless and even the german visitors can feel the jesper ration to feel and lots of people on the island have lost their jobs and that was their entire livelihood it's terrible this is the poverty here gets worse every day. he meant people can't pay their bills. houses are being broken into it's an unpleasant situation. in that i'm the beautiful weather may still be here but my or comes won't be partying anytime soon. and finally after more than a century the pancake mix and syrup branded as aunt to mama will be renamed pearl milling company a parent from pepsi acknowledged the original brand name was based on

a racial stereotype the edge of mama logo featured an african-american woman named after a 19th century character in minstrel shows. and that's it for us that is our show today there we go you can always find out more about these and other stories on live t w dot com slash business school. into the conflict zone with tim sebastian for years now the government of bangladesh is being criticized around the world for its human rights record my guest this week from back eyes gallery's week foreign affairs advisor to the country's prime minister will be authority stop denying the truth about the repression david. flicked is unclear no. conflict zone. 16 it is.

happiness fears for every human penis is a very different from primates we have totally ridiculous the size of nature. and this is climate change braces sex how he has improved books you get smarter for free books on. this instead of the news africa on the program today they humanitarian crisis in ethiopia you in aid agencies have been granted access to break the g.'s in some parts of the to gripe region thousands more people remain cutoff and often need to be in desperate need of help. most of the tree bark because they have nothing else. that's the nigerians yearning for a life in the u.s. their hopes had been reignited.