christine legarde the outgoing chief of the international monetary fund gets one step closer to becoming europe's top central banker. also on the show it was the biggest tax fraud case in german history 2 british stockbrokers allegedly involved to have their day in court. this is v.w. business i'm joined in in berlin welcome we begin in europe where a key committee within the european parliament has backed former i.m.f. chief christine lagarde bid to had the european central bank while addressing your lawmakers she said she wants to keep monetary policy loose largely sticking to the playbook employed by the man still in the seat until november 1 mario draghi. a 1st impression of what the e.c.b. is monetary policy could look like and christine lagarde who is set to take the helm in november the former i.m.f. chief and french finance minister doesn't plan to rock the bolt. i therefore agree with the view of the governing council that a highly accommodative policy is warranted for a prolonged period of time in order to bring inflation back to the famous below but close to 2 percent that cou

the international monetary fund has picked crystal. to lead the organization the bulgarian economist is due to start her 5 year term on october 1st she said the top priority is to help countries minimize risk and be ready to cope with downturns while supporting long term economic stability. the former head of donne's good bank in estonia. has been found dead initial reports point to suicide used part of the ongoing at investigation into an alleged money laundering scheme best gaiters allege the funneled some 200000000000 euros in illicit funds through its tiny estonian branch during race has tenure. germany's major stock exchange saw its biggest tech i.p.o. in 2 decades on wednesday team viewer which makes video conferencing and remote working software went public at the frankfurt stock stock exchange it raised over 2200000000 euros. and saying in germany the berlin government hosted a forest summit on wednesday inviting forest managers and representatives of the timber industry to discuss common challenges among them climate change an

the european union, the obama administration, the international monetary fund, pro-clean government activists in ukraine, thought the prosecutor was not prosecuting corruption? >> you don't think joe biden said not to fire that prosecutor? >> he did. but the guy was not prosecuting thinking. >> kevin mccarthy tangled with scott pelley over his use of the word though. >> president trump, i would like you to do us a favor, though. >> you just added another word. >> no. it's in the transcript. >> i would like you to do a favor, though. >> it's in the white house transcript. >>> meanwhile, president trump's first homeland security adviser says he is deeply disturbed by the president's actions in the ukraine controversy. tom bossert telling abc news, he warned the president that the ukraine conspiracy mr. trump was pushing, had been debunked. >> i'm deeply frustrated with what he and the legal team is doing and repeating that debunked theory to the president oop . it sticks in his mind when he hears it over and over. and for clarify, i'll repeat that it has no validity. >> trump also asked the pre

hyperinflation reached almost 500000000000 percent in the fall of 2008 according to the international monetary fund some bob was population suffer with undernourishment rising across the country even as a fell across sub-saharan africa zimbabwe of was the 22nd poorest nation in the world when mugabe left power and 2070 the country as since struggled to move ahead with shortages inflation and hunger again on the rose now the correspondent you just came on he is in cape town at the world economic forum on africa a short while ago i asked her how leaders there reacted to the news of the passing of one of the continent's most polarizing figures. standing at the world economic forum today it would be difficult to actually know that mugabe died this morning there's been no mention of it at least in public fora and understandably as you've mentioned this was a leader who was very divisive and towards the end of his tenure drew a lot of criticism from the kind of leaders who we're seeing here but on the sidelines speaking to people they say that yes he was instrumental in shaping the narrative of pan afric

the international monetary fund has named kristalina georgieva as its new managing director — one ofrful roles in globalfinance. she takes over from christine lagarde, who is leaving to become head of the european central bank. so what do we know about her? vivienne nunis in new tork has more. kristalina georgieva grew up in bulgaria, under communism. this is the first had of the imf to grow up ina the first had of the imf to grow up in a developing economy. she takes over the imf at a time when the global economy is slowing.|j over the imf at a time when the global economy is slowing. i assume my position fully aware of the challenges we face. global economic growth continues to disappoint, trade tensions persist, and debt burdens are rising in many countries. ms kristalina georgieva has been known to champion the causes of climate change, she takes over from christine lagarde causes of climate change, she takes overfrom christine lagarde and causes of climate change, she takes over from christine lagarde and will be the second female boss at the trillion dollarfund. let‘s turn now

the international monetary fund has confirmed that bulgarian‘s economist has been selected as its newdirector. she was previously the chief executive of the world bank issue becomes the first person from an emerging economy to lead the imf, she will succeed christine lagarde who left the role to become the head of the central european bank. the chief executive ofjuul central european bank. the chief executive of juul is central european bank. the chief executive ofjuul is stepping down. the company says it will withdraw all us advertising. the haze from illegal burning of forests in indonesia have been choking southeast asian cities like singapore and kuala lumpur. entities believed to be responsible include palm oil companies. i asked a non—profit organisation aiming to lower the negative impacts of palm oil plantations wait companies are not doing more to stop the fire. some companies are actually committing sustainable palm oil practice. they are doing more than the majority. but however, these companies who are in theirjourney, they will no longer be viable... no longer see busine

the international monetary fund has picked crystal georgia to lead the organization the economist from bulgaria is due to start up 5 year term on october 1st she said the i.m.s. top priority is to help countries minimize risk and be ready to cope with downturns while supporting long term stability. a top director of the european central bank has handed in her resignation germany's. did not say why she quit 2 years early but it just came off the publicly quite as he quite publicly questioned the need for the bank's stimulus policies b.c.b. recently lowered its key lending rate fell into negative territory and announced new quantitative easing policies came in for criticism in germany as they were seen as a way of propping up we come member states. well let's go to the seat of the e.c.b. frank our correspondent is standing by. she's the 3rd german to do so why. yes 2 germans before her resigned out of opposition to the loose monetary policy that the e.c.b. was pursuing and the policy has gotten looser and looser and before the last meeting just a number of days ago on the 12th of septemb

inch up this year thanks to economic reform that led to increased tax collection but the international monetary fund warns that growth is french out. also on the show you're young and live in the city do you really need to own a car our reporter goes to the frankfurt motor show to see if he can be persuaded. so far but it is just a trial run in cameroon but soon to new app could help african farmers identify plasticine users for its to. come to do their business africa i want to johnsonville and good to have you with us i was starting with some upbeat news the world bank says the somalian economy will grow by almost 3 percent this year now that's a red chink of light for the country in the horn of africa which has been beset by problems that go far beyond the economy over the past decade. the dry wind swept plans of somalia have seen their fair share of turmoil over the last decade. drove in 2011 led to a disastrous famine in which millions of people faced starvation and illness such as cholera. another drive and famine followed in 2017. added to that the somali civil war has raged since 2009 that c

the international monetary fund has picked crystal given to the organization the economists from bug areas due to start a 5 year term on october 1st she said the i.m.s. top priority is to help countries minimize risk and be ready to cope with downturns while supporting long term economic stability. but all discussions about climate change one thing becomes increasingly clear not only must c o 2 emissions drop we also tried to capture c o 2 but we've already released into the at the simplest way plant more trees millions of them but people who know a thing or 2 about trees us actually say it's not that easy. counsel of the innocent until it's possible to measure the health of a tree how many leaves are needles that sheds is one indicator vera 600 douglas firs in this forest east of one of the trees originally from north america and the development is being closely studied. but this leg of a long dry spell is let's say 6 weeks without rain 6 weeks of drought in the trees shrink they don't grow they shrink and the wood starts to contract. for douglas firs have small slit like openings i

support their families priyanka gupta odyssey or you daily argentina is waiting for the international monetary fund's decision on a loan to boost its economy or stars in measures hurting president mercer muckers popularity. stories above explains one thing that plays a crucial role in argentina's economic and political life is the u.s. dollar. it's 10 o'clock in the morning in argentina and the question everyone has is how much is the dollar today argentina's in the middle of an economic crisis and it's the u.s. dollar that's in the spotlight once again france as a program one of the crises an urgent team are cyclical and things happen again argentina's look at the dollar and people want to save themselves and sort of the country in general in the past year recession is everywhere even though the national moneys they pay so if the u.s. currency what runs the economy the main reason is inflation because a raise in the value of the u.s. dollar immediately translates to a race in the price of almost everything in the early 20th century argentina was one of the richest countries in the world thanks to th

argentina is waiting for the international monetary fund's decision on alone to boost its economy austerity measures are hurting president mockeries popularity and as al-jazeera stories about explains one thing that plays a crucial role in argentina's economic and political life is the u.s. dollar. it's 10 o'clock in the morning in argentina and the question everyone has is how much is the dawn are today.

. >> argentina had the largest loan in the history of the international monetary fund used to pay debt and maintain current fences. it was not used to carry out reforms, such as labor, pension, or tax reform. >> with the presidential election two months away, regularhave become a occurrence. argentinians in the marketts are in the possibility of another debt default. -- fouror mania since many of us in france, it was it the back-to-school day. that was generally a boon forr printing companies, but that could be changing. genie: plenty of -- brian: plenty of students seek the help of planners, but the industry is struggling to compete with digital replacements. >> it is on the list for every back-to-school shopping trip, the diary. this is one of the market leaders, making 7.5 million each year and it factory. they insist on maintaining its made in france label. it continues to invest. a new press machine can cost up to 700,000 euros. itshe digital diary has place, but people have an attraction to paper. require [indiscernible] not what it used to be. for the last five years, sales have

add to that it's growing unemployment and poverty and a huge debt to the international monetary fund the electorate spoke of primary elections last month suggesting mackie's economic policies have failed and that they want to return to a more socially conscious government in october's presidential election as the president is meanwhile trying to convince both the argentine people and the markets that he can do in just a few weeks but he's not been able to do in the past 4 years that bush won there al-jazeera won osiris let's talk to mark weisbrot he's co-director of the center for economic and policy research he joins us live now from washington d.c. why has argentina imposed these currency controls now and what's prompted this action by the government well they're doing it's a stop for idea of capital and therefore further crashing the pace but they really messed up quite a while before this and i think the crisis never should have gotten to this if they hadn't taken policies after they signed the i.m.f. the international monetary fund agreement in june of last year they adopted a w

the european union told them that, the president of france, germany told them that, the international monetary fund and its president told them that. the european bank for reconstruction and development told them that. and among many other senior people sent to deliver the message was vice president biden. so maybe donald trump thinks that the entire world was engaged in a conspiracy to somehow protect joe biden's son but that's crazy. this was european policy, the policy of the international community and was the right thing to do. >> congressman, in stating reasons for why the congressionally approved -- again subsequent to all of this by the way, a lot of funding i went to ukraine and donald trump said part of it is he wanted to put a hold on the funding because other governments should do more, europe should do more, europe funds much more than the united states does on these fronts? >> absolutely. i'm always for our allies doing more and more, but there's no question that ukraine is getting a lot of support from the european union and a lot of other international institutions. it's clearly not

investor confidence forced argentina to request and over $50000000000.00 loan from the international monetary fund it was the largest bailout in the history of the organization. last month primary elections showed a 15 point lead over a lot of the for a man this who is running mate is former president cristina fernandez. the possibility of a comeback from the center left scared investors away. the results of the primaries were like a tsunami the possibility that a populace government coming back generated more uncertainty the earthquake reduced to 0 most alternatives of finance for the government in an economy that is already in an extremely complicated situation. since then people have been heading to the bank to get their savings out. argentines remember the 2001 crisis all too well when banks froze all accounts for 12 months clashes between people and the police ended with several dead and precipitated the fall of the government. the currency has not made it 100 percent in the past year and in this country that immediately translates into more inflation the government has taken measures in orde

the international monetary fund has named kristalina georgieva as its new managing director.is leaving to become head of the european central bank. the bulgarian economist says she has a "huge responsibility" in taking on the job at a time of faltering economic growth, trade tensions and historically high debt levels. japanese investment firm softbank is in talks with wework to increase a $1.5 billion investment it's agreed to put into the office leasing company next year — that's according to the financial times. the renegotiation of investment comes as wework reworks financial plans in the wake of its initial public offering delay. softbank owns about 30% of wework. tobacco giants philip morris and altria have abandoned talks over a $187 billion merger amid growing scrutiny of the vaping market. e—cigarette makerjuul — 35 per cent owned by altria — also announced its ceo is stepping down. the us and japan have outlined initial details of a new trade deal — what does it cover? and will it stop an escalation in the trade war between the countries? rupert wingfield hayes is in

new president of the europe european central bank and the former managing director of the international monetary fund with 394 votes to confirm her in the european parliament 206 members of the european parliament voted against muslim guard and 49 abstained from the vote reuters reports in ms the guards latest financial policy making position she will likely have to decide on whether and how the e.c.b. takes on a new investigatory role in a year's long cascade of scandals at deutsche bank reuters reported that e.c.b. staff are considering opening a formal investigation deutsche bank for alleged an authorized purchases of their own securities specifically bonds classes. wide as 81 and 82. joining us now to once again orient us to the global event economic events of the day is richard wolfe professor emeritus of economics at the famed you mass amhurst and author of democracy at work a cure for capitalism richard wolffe professor wolf there is so much to get to here since we saw you last but 1st. let's go to the u.s. central bank the federal reserve which as expected lower the target range on the key fe

argentina has also received the largest aid package in the history of the international monetary fund. it since asked to restructure i its repayments. the businessman all right you can thank you very much for the roundup of all of the business use i hear from city holy to take a very short break we'll be back on the e other side they with a- sequel. world news headlines statute 09/20/19 09/20/19 [captioning made possible by democracy now!] amy: from new york, this is democracacy now! >> they don't have decision-making power in n fossl use,investments or r plastic but what the youth can do is talk about the problem and make noise about it and demand it from the people who can create a change. amy: today is global climate strike, inspired by 16-year-old swedish activist greta thunberg.

figure after the government bailout package from the international monetary fund. creating that gap between the rich and poor because the pakistani rupee rally you and i shared almost 30 per cent against a us dollar buckstone is going through a partially artificial inflationary situation and because of massive defense devaluation of the repeat and all of the sudden rise in the interest rate. the government is trying to slow things down because the government said that the fiscal and trade deficits were out of control however it has had a backlash which is in the form of higher prices the ordinary people are suffering even the so-called rich people are suffering because as i said the sudden rise in interest rates has caused this problem the sudden devaluation of the rupee has caused this problem incoherent and then. i have also added to the problem. a problem with corruption and money laundering and now struggling to try to stabilize the economy people are already complaining because the price of a central commodities have gone up. and over yeah they got about we ar

last week president resume acree ask the international monetary fund for more time to pay off argentina's massive loans. sparking a new wave of concern about the already shaking economy shaky economy rather. the peso has now plunged more than 20% since the business friendly leader lost a primary vote back in august. he's now expect the forced outt of office during elelections in october. one monday the country's bonds fell to record lows as people. said they were increasingly worried about their future. what is it that you're not a model and i think that the government should have taken these measures before. perhaps even m more drastic ones. the.. reality is that t more concerns. well i'm not doing well and i think the government was a strict enough in some cases because of an aluminum huda but i am vocal it takes you back to earlier times the two thousand one. you start distrusting banks if you have money even perhaps you want to take it out of the economic system. you withdraw from the bank you take it home and you hold on to an out of concern. because we already had similar problems i

the new president of the european central bank and the former managing director of the international monetary fund with 394 votes to confirm her in the european parliament 206 members of the european parliament voted against muslim garb and 49 abstained from the vote where it is reported in ms the guards latest financial policymaking position she will likely have to decide on whether and how the e.c.b. takes on a new investigatory role in a year's long cascade of scandals at deutsche bank reuters reported that e.c.b. staff are considering opening a formal investigation deutsche bank for alleged authorized purchases of their own securities specifically bonds classified as 81 and 82. joining us now to once again orient us to the global event economic events of the day is richard wolfe professor emeritus of economics at the famed you mass amhurst and author of democracy at work.

add to that it's growing unemployment and poverty and a huge debt to the international monetary fund the electorate spoke of primary elections last month suggesting macro economic policies have failed and that they want to return to a more socially conscious government in october's presidential election as the president is meanwhile trying to convince both the argentine people and the markets that he can do in just a few weeks what he's not been able to do in the past 4 years that they're al-jazeera one of cyrus coming up to the top of the hour here on al-jazeera the news. we'll be up in a moment out team in london will have the latest on what is happening in that building right now the houses of parliament in westminster the debate has begun on an emergency an emergency debate i should say has begun as labor the opposition and a number of rebel conservative m.p.'s try to stop no deal breaks it from happening all the information the analysis like is coming up in just a few moments. to strengthen the good you have to assure the good all the more we come still fight against corruption.

won the battle i mean you look at the bank of international settlements you look at the international monetary fund all the central banks sold all the government agencies and all the big banks like j.p. morgan that are responsible for you know the ponzi and and their centralized i mean they're not at home thinking oh my gosh darn it we lost a bad car and we're going to do we're going to get this stuff and other going to fight back right but that's built into the protocol yeah that's part of the game theory just going to in fact another group of people join me diamond or the yes and they're now getting fever they will try to attack it but that just makes the hash rate go higher absolutely and that's the beautiful because it is like the more you attack it the more the white blood cells which is you know the big can entrepreneurs to become rollers the. people who are working in this industry that they get to work right you see getting attacked in the media you move into action and they're finding new creative entrepreneurial solutions to these kinds of problems and i think over time i'm pretty happy w

welcome back catching up with the international monetary fund a new managing director has been officially installed to replace christine legarde who has switched chairs of the global policymaking table with a move to the presidency of the european central bank the i.m.f. new leader it's christina georgieva the 1st i.m.f. head to con from a developing economy in this case bulgaria the 66 year old bulgarian economist has held a variety of jobs at the european commission and the world bank this is georgia is also setting a new president with regard to age but i.m.f. waived its age limit of $65.00 to enable her to take the post she was the only nominee miss georgia gave it takes office with some unpleasant business on her desk because i am officials are warning zimbabwean officials about payments from the zimbabwean state to alan. allies of the president according to the financial times the f.t. reports that i am with officials say the payouts to fuel companies succumb to holdings were enabled by simply printing more of zimbabwean currency but also says those payments and printings were so la

add to that it's growing unemployment and poverty and a huge debt to the international monetary fund the electorate spoke of primary elections last month suggesting mackie's economic policies have failed and that they want to return to a more socially conscious government in october's presidential elections the president is meanwhile trying to convince both the argentine people and the markets that he can do in just a few weeks what he's not been able to do in the past 4 years that shrine there al-jazeera one of cyrus 8 bodies have been recovered after a diving boat caught fire off the southern coast of california dozens of people are still missing u.s. coast guard says 5 crew members sitting on the top deck of the commercial vessel were rescued robber and also reports on los angeles. the 1st distress call came in the dead of night a crowded boat on fire and. by the time the 1st rescue vessels arrived the ship was fully engulfed in flames department crews were fighting the fire when the vessel sank 20 yards off sure in 64 feet of water. 5 people were evacuated aboard a good samaritan

needs tourism to grow that's now recovered after several attacks a popular destinations the international monetary fund says in order to bring debt down the government should slash spending and that's a big challenge for the next president many tunisians say they are unhappy with what has already been cut off by the. editor in chief of the tunisian news website he says the president could end up having more power than the constitution allows. we've seen quite a lot of successes in terms of procedural democracy sort of a liberal democratic system is a new constitution of course but a lot of tunisians are not sure whether these are actually responding to their needs of course the demands of the revolution were about. dignity and freedom there was freedoms we've seen quite a lot of freedoms that some people say that's only really the only thing that they won from the revolution and so we see this quite a lot of disillusionment but we'll see maybe they will be turning out today the election body today says they expect actually a higher turnout this time than we saw in 2014 but it's still early going and ac

christina gals is on track to move from the international monetary fund the european central bank. at a hearing in brussels she defended the bank's stimulus measures but said it needs to be more flexible to meet unforeseen challenges. members of the committee on economic and monetary affairs voted in favor ofofer canandidacy she is expected to get the green light from the full european parliament in the coming weeks kathy corporate has more. grilling for the woman nominated to the most powerful post in the eurozone. outgoing imf chief christine lagarde and made it clear she intends to continue with president mario draghi is policies. keeping the ecb on its path towards loose monetary policy. thought she called on member states to take more responsibility for spurring growth within their individual economies. some countries in the euro area. can actually use some of their physical space. in order to improve. broadband infrastructure end of. set in place the public spending that will actually help fight the recession draghi is expected to re launch quantitative easing by the end of t

to that it's growing unemployment and poverty and a huge debt to the international monetary fund the electorate spoke of primary elections last month suggesting mackie's economic policies have failed and that they want to return to a more socially conscious government in october presidential elections the president is meanwhile trying to convince both the argentine people and the markets that he can do in just a few weeks but he's not been able to do in the past 4 years. one of cyrus china has launched a case against the united states at the world trade organization over import duties . 15 percent tariffs on a variety of chinese goods on sunday including footwear and smart watches as china slap new duties on u.s. crude china's commerce ministry says the latest tariffs violate the consensus reached by the u.s. and china's chinese leaders at a meeting and osaka 8 bodies have been recovered after a fire on a diving boat off the southern coast of california dozens of people are still missing the u.s. coast guard says 5 crew members sleeping on the top deck of the vessel were rescued are

an extra $800.00 a year the trade wars also putting pressure on the global economy the international monetary fund is cut its projections for global growth to 3.2 percent this is its lowest level since 2009 of course when the financial crisis hit well done why is a china unless of economics intelligence unit she says that china's economic growth is mainly relying on its own market. well if we look at the trade or impacts us so far the direct impact is actually very small so part of the reason is that the negative impact is mitigated by the devaluation of r. and b. . if we look at a regional economy we can see that some of the regional impact have already started to show especially for coastal exports or province like. food in so a lot of the smaller factories in those areas are consolidating and it's speeding up but fortunately a lot of those laid off workers are actually absorbed by the growing services sector so the paying of unemployment caused by the trade war is actually not as painful as president trauma suggested i'm not too pessimistic about this prospect to yet at least not in the next 2

to that it's growing unemployment and poverty and the huge debt to the international monetary fund the electorate spoke of primary elections last month suggesting mockeries economic policies have failed and that they want to return to a more socially conscious government in the presidential elections the president is meanwhile trying to convince both the argentine people and the markets that he can do in just a few weeks when he's not been able to do in the past 4 years is that there are 201 osiris the taliban has claimed responsibility for a large bomb attack in afghanistan's capital that killed at least 16 people 119 others were injured a guest house was targeted in the city's highly guarded green zone that attack happened as the u.s. special envoy was in kabul to meet president ostroff ghani to discuss a draft deal with the taliban. held a 9th round of talks with the taliban are present in qatar over the weekend they're discussing an agreement that could see about 5000 u.s. soldiers withdraw from the country and return the taliban would agree not to allow armed groups use afghanista