the mother and daughter were among around $200.00 captains of doctors, by whom us during it's tara tax on israel. and it is your news update at this hour. stay tuned for the business headlines coming up after a short break or check us out online at dw. thank you very much for watching the rules. we say they're never giving up every weekend on d w. evelyn charmaya, welcome to my pod cast. last the matter is that i am vice celebrities, influenza and experts to talk about all playing loved data and yet today,

nothing less the south, all these things and more and the new season of the fuck. com. make sure to tune in wherever you get you up. plus costs and join the conversation because, you know, it's last matter the presidential election that could alter the course of the argentine. now that economic history with control, inflation, impoverishing millions of people, candidates are promising radical solutions will bring you experts analysis also coming up. it's been a few years in the making. no, columbia capital bulk is finally getting a metro. but not everyone is on boards. this is the only business i'm paid for guessing. the thanks for joining me. this sunday people in

argentina will head to the polls to elect a new president's. the boat is taking place against the backdrop of a d economic crisis. inflation rise of over a 100 percent has become the norm, and an increasing share of the population is slipping into policy casting device that reports every day 25 year old island torres makes around and not my tons of the largest district just went outside is the mother of 2 stuffs, whatevers recyclable into cods, like cardboard or plastic. she's one of the so called cotton arrows, old rubbish collectors. there were said to be about a $150000.00 of them. now in argentina, the cooperative that takes the material pays the collect as half the minimum wage. not much, but it's better than nothing. like are you. so you get the name associated with a license we have in this country today. when you become unemployed, you have to make sure that you have something to eat. no easiest way to do so

without waiting for a company to take you want is to go and collect recyclable materials and sell them to a warehouse. it may not be a lot of money, but you'll have something to eat at the end of the day, but there's only a 40 percent of our intentions and now affected by poverty. the pay so is hardly worth anything in inflation shuts up a 140 percent and september governments of tried time and again to turn things around without success. ireland long lost faith in politics. ask whom i can ask whom i love. whoever takes office, i have to get up at 6 o'clock in the morning anyway, but i thought the point is that we have to survive and keep on working. fighting the cost is going to be deaf and i will have to keep on pulling it up. no matter what takes over as president do as an agency of the month, i will ask whom i can ask them. i am on to the size of resilience,

shown by many here as to whether sunday's elections will help and the perpetual economic crisis. argentinians, a skeptical to talk more about this, that spring and power back on data. she's an analyst at outcome. asset management in a one is there is probably about 40 percent of people living in poverty, a currency that is becoming more worthless every single day. how did argentina get to this point each the pounds are all for very frequent economic crises that has not been addressed properly. for the latest, i don't know, maybe 20 years since, you know, has not grown exactly since 2011, 2010 inflation that has been very high. and this is something very, very difficult to fix and also has the main issue. their routes or every single problem east. if he's kind of death, is it and to walk through a tribute,

this kind of mismanagement. well, what is the policies that have gone wrong here? what i think is seduce a smaller man that has nothing prevented the necessary reforms that the country needed in order to fix the main issues, the main problem and such as the us. as i mentioned, the piece comes deficit to okay, you said the crisis catching up, being a joyce, it's prob, probably like thinking about an implementation of the comic program talking every single thing on the sort of being the main economic reforms, the country needs of labor reforms fees, cut reforms. right? political reform. okay paula, stay with me for a moment because i want to look at the people who are promising to implement the reforms that origin tina needs. let's take a look at the cost of the concepts who are promising to turn the country around. so 1st of all, we have sadly on masa. he is the current economy minister and he's from the and baffled ruling power on us to piracy. and he's known for being

a top hon us making deals. then we also have patucci of bully rich. she is the leading conservative con to that, who's cold capital controls, closed instruments of torture. finally, the front runner has a mulay, a libertarian economist who has promised to blow up. the political stage says, quote, pilot that front runner has a malay, he wants to switch the country's car seat from the peso to the us dollar. what impact would that have in the shores on the long term are um, we are truly the country doesn't think not the people are not even the economy's not even his team is actually thinking that the recession is possible. the notion, tina is like that he's main police the hall can pain it. say let's fill up the center by let's door at ice the economy. but um,

we don't really think that's possible that this time there are not enough dollars. so in the countries, nothing the right shape to go to the station. so we don't think it's going to happen. so you think if he wins the election, he won't be able to, you know, is live up to that promise of radical change. exactly. okay. if we look at the situation on the ground, we saw people in the piece, they're picking up trash just to make and meet. how are people in the country coping practically? i'm fighting logically with this situation. what such of these content is rising? a lot people are not happy at all about the current these current administration. that's why a guy like malays saying, so you know, it gave us that gusta, on this blog defense or to bind lesser ice economy. let's change things. he's actually having enough trucks and the rest of the people. this why he's leading the pulse is because he's actually saying that's and the situation

the survey sweets on. exactly. so people are really ready for this change. know argentina also has a huge amount of debt to pay to the international monetary fund. in the summer we saw a china staff in offering a currency swap. so that loans could be paid back in one. are we likely to see more of the us? yes, of course, because this, this is about my son, the current administration, the strain to it's right in some defense or bank international research that actually 25000000000 dollars. net liquid recertified negative. so defense or the bank is very weak. and you so really intervening very heavily in the effects market in order to keep the, the, the dollars up. so to levels ok. power like, and our, i'm less of outcome asset management a thank you so much. thank you. you know

to some of the other global business stories making news, the cost of industrial production sell by almost 15 percent in germany last month. the shock this dropped since surveys begun. the decline is primarily due to fully energy prices, which has a record high in september 2022. consumer price decreases, tend to log a few months behind, leading almost to on tis the pace weaker insulation. global carmakers salons has, has sold 3 jointly owned factories to dunk sang moses as it continues its withdrawal from the chinese markets to deal with $234000000.00. we'll see. don't think acquire a certain land use rise buildings on structures in hon. i'm showing, yeah, it will also continue to produce fusion on the trunk models the plants you as prosecutors have the q 3 high profile crypt,

the currency firms of defrauding investors, of more than $1000000000.00. the new york attorney general says crypto platforms, gemini, genesis on digital currency group lies to investors, created full financial documents, and withheld information from credit service. to companies say they will fight the claims we're going to take you back to latham americanized, to columbia. this time where construction of a metro in the capital focus is under way some asia years after it was 1st conceived, the decision to award the contract to 2 chinese companies was not without controversies . still in the said he plagues by traffic jobs, the project should provide a welcome rest, bice, to communities demolition work and lots full of rubble. the construction sites for the baton metro initial plans for the public transport system came out 80 years ago . now the 1st line is being built. a dream come true for many, but what time use is it can nothing from the moment about what time you was born,

the subways always being talked about at home. you know, everyone had long lost confidence in the subway ever being built. everyone's been saying when will be good to have a metro maple the 1st attempt to fail due to lack of funds. another attempt was promised to be ready by 2020, but nothing happened. now the system is finally under construction with many modifications. one of them it will no longer one underground. when will it be ready? you'll get ok. see appointment? i'd say if you take an 8 year old girl, when she's 15 years old, she will be able to ride the subway at least the 1st line. and by the time she's 20, she'll be able to ride lines 2 and 3 nice to meet on. but when i say when it's a fairly new, according to current estimates will go to will pay around $5000000000.00 to sign those hardware engineering company which will build and operate the system. the company's controversial. it's bidding gross incorruption scandals in other

countries and will sanctioned for the lease. in other projects, they decline to provide their response to the w. what are the main factors and recent construction delays, political pressures say experts is the same for offensive. it is important to get serious and put aside political points and instead takes and see a responsibility to advance what has already been a chief of it. otherwise we're moving 2 steps forward and 5 steps back. and then it will be impossible for the city to solve it's congestion problems. lucas has another problem. i think what he's gonna be quick bullet telling you is hope the metro consult mobility problems and alleviate the overload experienced by the bus network. but the metro is only part of the solution. i could thing that was one a, a, according to our data was that 13 and a half 1000000 trips are made every day in both by the year 2030.

the subway, according to official estimates, would be moving more is 850000 people a day. and that is a mere 6 to 7 percent of traffic. it's 50 percent. after waiting for the metro for more than 80 years, it's possible that the most expensive piece of infrastructure in bullets us history will not be enough to bring relief to this traffic joke city. and a reminder of the top business story we're following for you this. our presidential elections in argentine are taking place this sunday, against the backdrop of a deep economic crisis. inflation, rates of over 100 percent have become the norm on an increasing share of the population is slipping into poverty. that wraps up our show from where you can always check out to, to leave dot com slash business for me on the team. and so by taking the

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