it's no questions asked according to her representative. and that's it for me on the new scene here in the berlin though what can donations do to help african nations is state the spiral of debt monica jones will find out in business that's coming up since i'm god hopes ability to look. forced into a nameless mass. their bodies your truth. the history of the slave trade is africa's history. being destroyed before our entry profit plummeted an entire continent into chaos and violence. this is the journey back into the history of slavery. i think we will truly be making progress

when we all accept the history of slavery as all of our history. our documentary series slavery routes starts march 10th on t w. a raging undead a kids a weak economy that's the situation in many african states today donations are discussing possible relief measures to stop the debt spiral also coming up how the coronavirus has boosted the posix and also nation will work ever be the same again even on to the pandemic. and we'll see how one spanish region is looking to get its economy going again by launching its own the currency. hello welcome to the

business i want to get to us and ben good to have you with us 2 major. meetings today on africa's debt to european union leaders are meeting in brussels while g. 20 members come together in milan but is looking at how the region can be supported in the wake of the covert $900.00 pound demick a slowing global economy has hit africans badly and economists are predicting massive default on loan obligations across the continent i shall not sell is 2 weeks old baby is indebted they in front always at least 300 dollars to his country's credit has as suggested by uganda's reported back up into. this is almost half of what on average you get them is to own the media are. the charity but the government borrowing wouldn't be a problem but considering what we've gone through during the covert $1000.00 pandemic we've also acquired many personal loans that we may not even be able to pay it's even got harder to afford food according to reporter figures from uganda

central bank uganda's public that is over $15000000000.00. while uganda has recently received a total of close to $800000000.00 as a covert $1000.00 images of relief from the i.m.f. and the wired bug the government has had to borrow more to support the look or a corner me we have attracted in excess of 15 loans between my 202021 now we are. over and above the grant. of. supplemented by discipline national level so it's a precarious situation like in many african economies uganda takes applauds mostly to build infrastructure. roads and energy eat up more than half of externally borrowed money now over divest $18.00 pandemic some economists.

2 pattern developing economies increasingly we need and then became solution. did consolation when that doesn't know topping. our african governments to my sympathy for the deficit and economies in need a new lease of life economic life and economic functions according to the wired bank africa 6 time alone is above $400000000000.00 with more for cannes like a post deeper into poverty due to the pandemic paying loans may only get tired. of the monitoring in our financial market correspondent pandey in frankfurt. those donor countries that are currently looking at how to support african states. they've i mean they've also been impacted

by by the global pandemic what shape are they actually in. well exactly they have also had to borrow a lot much more than comfortable levels in many countries including italy germany also had to bridgeboro a lot but people haven't been to what about their high boring because that was needed to get a deal with a pandemic and and also the boring costs were really low but now the major concern is that those boring costs are rising seeing the rise in. emails and that is pushing a boring cause and that is worrying people are the markets and everywhere and we see the markets suffer because of that we all know that even the banks they use the the sovereign debt as a reference to prise their own loans to consumers and and that would make their loans more expensive the board needs go up and that's not good in a situation like this where the money supply needs to be growing because we have

still not recovered strong expectations of a recovery but we're still not there and this is a situation where normally central banks step in what could central banks do right now what's to be expected well the central bank c easy for. if i could talk about these either the e.c. these clues leave monitoring the situation experts say that if the born units continue to rise then they would have to step up the bank would have to step up its born porches it still is still. purchasing a lot of bonds and they will have to just step of that of the speed of the fed chair or try to reassure the markets saying that in fact the rising bond yields are a statement of confidence in the economy and that the fed had no plans to tighten the money supply as it i just briefly i'm sure of this is that tech stocks in particular have taken quantify how come. well they have been the winners of this

pandemic have seen soaring brought over these. past months in the pandemic but now the laggards are coming to a party that takes star the type of the airline stocks they are because there is a strong expectation of a vaccine fuel recovery. or at hyundai they are reporting from frankfurt thank you so much. and staying with the impact the coronaviruses having on our lives from telecommuting to video conference the pandemic has certainly changed the way we work and it's also accelerated the drive for automation and on sufficient intelligence a like it or not many of those changes likely remain even after the pandemic is over. robots have long been used for dirty dangerous or repetitive work but now the pandemic is pushing automation reputably into other fields the president of

swiss engineering firm a.b.b.'s robotics says in the long run automation will boost productivity and job creation. you know you crease your productivity and then yes in the end this there are things of that specific. factory you'd have more density of robots but productivity goes up so you have to just see groups you have it occasionally you have a service business and multiple other areas that sarong the robot so the human being can do much more creative or a.b.b. is developing what it calls robots which cooperate with people while learning through ai they are particularly useful in logistics but have been rolled out in new fields 2 to covet 19. in healthcare during the pandemic we were helping multiple multiple across them as among the world increasing productivity for example the singaporean help us or the was able to do

$50000.00 a quarter or not tests per day are based on 50 robots that we have supplied to them and also there you reduce the exposure of humans to 2 to the virus and unnecessary in or health risks so multiple new places that robots will enter and i tell you also the pandemic has actually accelerated many of these trends. however a report this month by consultants mckinsey says that thanks to the pandemic automation is also exhilarating the takeover of service sector jobs that goes beyond health care and includes hospitality for customer service teaching and the care sector these jobs which involve a high level of face to face contact an area where humans will once regarded as indispensable. and on to some of the other global business stories making news. japanese factory output grew for the 1st time in 3 months in january and another

sign of the country's economic recovery the trade ministry said industrial output rose 4.2 percent from the previous month with production of memory chips cost of machines climbing. meanwhile the u.s. economy grew slightly faster than expected in the 4th quarter with official numbers picking g.d.p. at 4 point one percent but overall it contracted 3 and a half percent due to the pandemic for the full year the biggest drop since world war 2 analysts expect a quick rebound as the vaccine rollout continues. fast fashion chain prime ogg hopes to offload more than 465000000 euros worth of last year's clothing stopped when its shops reopened in england on april the 12th from uk does not offer online retail and says it expects to lose 1700000000 euros in sales due to the latest closures. bill gates has cautioned small investors of trusting and bit

cloying in an interview with bloomberg the microsoft found a warrant if you have less money than you know musk you better watch out and he's not alone bitcoin is known to be quite volatile even soak up the car as he's a trending in the spanish province of sit in one city council has even launched its own trip to currency to keep the economy rolling during the coronavirus pandemic. it's the era of flamenco with a mask the coronavirus incidence rate in this tourist paradise is among the highest in spain it also has high unemployment at almost 23 percent in the small andalusian town of librium the mary introduced a virtual currency called the elio in january named after a local historical figure. the creator of spanish grammar one at leo is worth one euro. and i think it's a good initiative which helps everyone here because we spend our money here in town

when i buy something i pay half an euro's and the city pays the other half an illegal we can use them in any shop that participates. the 34 year olds family is one of some $600.00 that received between $50.20 leos in january each household has 3 months time to spend them they come with them i think it's easy even if there is an evil customer finds us in the half mile thick of it that we make a photo of the rashid and send it to the local government. and they reimburse us the virtue. well sharing your rows of them with us the audio was developed by and delusion company specializing in crypto currency even though the idea was pegged to the euro so me critical. i mean i'm against getting rid of cash but i think it seems like their goal is to have more and more control over us and. that's how many spaniards feel. some which us and us are going to find them but the mayor

of liberal believes in the long run the video can be used for other public aid programs i mean the name as a tool of the city council it could be used for social benefits and other types of programs we offer in collaboration with the federation of small and midsize businesses we can use it to strengthen loyalty when shopping in the early. via leo is here to stay it not only helps families like rosie o. s. and sparks the local economy it also offers the bridges city government a perfect way to better manage social benefits and subsidies digital money has another positive side effect it big crime almost impossible. before we go to self-made south korean billionaires have pledged to give away haas their fortunes kingdom sula the founder of sas korea's biggest messaging app talks that he wants to help solve social issues with his contribution shortly afterwards came bangin of

a food delivery apple while brothers and his wife followed suit their pledges a rarity in a country where business is dominated by family controlled complot they say they hope to start a trend. and that's your business update here on the w from in the c.n.n. grill and thanks for watching. she helps refugees however she can with clone woods. and compassion kill or harm yasmina who she ditched isn't a good worker in bosnia she's supporting migrants perseverance here in the freezing cold like yasmina herself along with many fellow volunteers is coming under pressure. from this fund your. next on d.w. . hard.

work people have to say matters to us. trying to secure the stories reporter every weekend on t.w. . her thank you hello and welcome to this week's edition of focus on europe thanks for joining us today we wanted to start the show by looking at the plight of refugees were trying to reach the european union thousands are currently stuck in bosnia many are living in makeshift camps.