and amal movement which are the 2 biggest schappell little groups in lebanon mainly with the ministry of finance that was the main problem and formulating this government so because of this and insist. that this man was insisting insisting on not giving them this particular ministry and in order to understand why this particular ministry we need to know that the standard tory in this ministry which is the minister of finance is equal to the sneed tory of the president and the prime ministers so anything that has to do with the budget or any type of fund that comes into the government or was out of it it needs 3 signatories the president the prime minister and the minister of finance that is what basically kept this government from being formed because the political polity wanted to create this government form and they did but keep the main component and then the binny's politics out of it so one of the chances then of a compromise being found in a cabinet being formed. look a cabinet was formed and a compromise was made to one estimate yet the former prime minister came to office and this that a

disproportionate and what's been the reaction in the financial world since this all broke while the german ministry of finance has said that all of these transactions a cut in the past they will dated up until 2017 so they've been investigated the matter is closed but let's hear what some of the other big hitters had to say this is not new information to us or our regulators will learn from our mistakes systematically tackle the issues and made changes to our old business perimeter our controls and our personnel consistent with our commitment to protect the integrity of the financial system cities diligence and filing suspicious activity reports with the us department of the treasury when appropriate given the confidential nature of these reports we did not comment on will confirm any particular report transaction now some argue that these words are not convince and given that the us government especially has been pushing banks to reform for years now they've been fining them millions of dollars they've been threatening them with criminal charges so the fencing files show how these bikes just transaction off

some really big bangs there what's been the reaction in the financial world while the german ministry of finance has said that all of these are pos transactions they entered in 2017 they've investigated them so the matter is closed but let's hear what some of the other big hitters had to say this is not new information to us or our regulators will learn from our mistakes systematically tackle the issue and made changes to our business perimeter our controls and our personnel consistent with our commitment to protect the integrity of the financial system citi is diligent in filing suspicious activity reports with the u.s. department of the treasury when appropriate given the confidential nature of these reports we do not comment on or confirm any particular report transaction. now some would say that these words ring hollow when we think that the u.s. government especially has been pushing for banks to reform 3 years fine in the millions threatening criminal charges but the finance and files show that these banks just transaction after transaction violated all those promises of good behavior espe

aspect that will not be achieved until we take advantage of our resources and making sure the ministry of finance is in control of all public funds sudan's economy has been in a downward spiral since south sudan gained independence in 2011 taking with it 75 percent of the oil fields which then provided nearly half of the country's g.d.p. to save money the current administration has lifted the fuel subsidies which ate up what in a 3rd of the country's budget while keeping subsidies on other things like wheat and medicine. reforming the economy is crucial for the stability of sudan's transitional government and for its transition to democracy but the challenges in making reforms are not just that home the sudanese government's been on the u.s. list of states sponsoring terrorism can fly 993 which has contributed to economic isolation by many countries that lack of foreign trade meant little access to hard currency and made getting off that u.s. list even more urgent after agreeing to massive compensation payments so dan had expected the matter to be resolved very soon but then during his visit to h

of the portfolios in the government that will secure their interests, mainly the financial, ministry of financef switzerland will decide whether or not to keep their free movement of people treaty with the european union, a move that could affect their country's long—standing access to europe's free trade area. imogen folks reports from bern. switzerland is becoming too crowded, or that's what supporters of ending free movement say. the population has increased 30% — from 6.6 million to 8.6 million — injust 30 years. the blame, some say, is immigration from europe. the campaign message is blunt — the european union is crushing switzerland. translation: we are heading straight towards 10 million people in switzerland. many of these immigrants stay here, even if they become unemployed. it's clear that we just can't take it. it can break switzerland up. but this vote could be tricky — switzerland isn't in the eu but it has a complex set of treaties with brussels. swiss access to europe's free trade area is tied to keeping free movement. 60% of all swiss exports go to europe. opponents of abandonin

of the portfolios in the government that will secure their interests, mainly the financial, ministry of finances been rescued off the coast of portrush in northern ireland. this is the moment an rnli crew member jumped into the rough sea to rescue the teenager who had got into difficulty yesterday afternoon when jumping off rocks. the boy was treated by paramedics. a six—year—old girl has died after being hit by a falling tree at a school in newcastle. the accident happened yesterday lunchtime at gosforth park first school. the girl died today in hospital. her headteacher said the entire school community had been ‘shocked and devastated'. on sunday the people of switzerland will decide whether or not to keep their free movement of people treaty with the european union, a move that could affect their country's long—standing access to europe's free trade area. imogen folks reports from bern. switzerland is becoming too crowded, or that's what supporters of ending free movement say. the population has increased 30% — from 6.6 million to 8.6 million — injust 30 years. the blame, some say, is immigr

it does require a lot of leg work working with various budget groups within the ministries of finance and border ministries that will be working towards achieving country specific goals. this is part of the enhancement of the process which we hope more emerging markets adhere to and sign up for. >> it would be great to get your view on broader emerging markets. we are looking at a federal reserve posed to keep rates low and policies easy for years to come what does this mean for the credito credit outlook >> i think this asset class has been void by the commissions and the investment grade portion there are good reasons to be constructive this group has a more resilient balance theet and their work to offset the negative impacts of covid. for that portion, we are very constructed and in spite of the difficulties the pandemic holds for emerging markets and most sovereigns, they are in a very good position to navigate the next quarters. there is morris being premium embedded investors are a lot more able to do their homework and assess which countries have their macro policies more robu

based gaming companies riot and epic in japan the nikkei it's also in the red japan's ministry of finance released data showing japan's exports fell by 14.8 percent in august compared to a year ago newly elected prime minister you shaheed a. providing some optimism by ensuring political stability and policy continuity in the country in india the sensex it's also down on the way down the country is on track to surpass the u.s. in coronavirus cases the banking and metals sectors they were the biggest losers this week in india in australia the a.s.x. it is slightly down for the week and better sentiment grew earlier in the week following the news that oxford university would continue its covert 1000 vaccine trial but the index reacted later in the week to that sell off that we're seeing on wall street in south africa all share it is also in the red with the index seeing a 4 day losing. that's the longest since june banking led those losses dropping 1.6 percent move and we're going to move over to europe here and to the americas for our next set here in london the footsie is just down on the

laundering at the company, so there are several issues to look at, and the bafin, of course, the ministry of financethis really huge fraud. some people are calling this germany's fraud of the century. so regulation, where should you start in terms of regulation and oversight of the finance set? how should it be reformed? -- lisa: well, right now, we theyadmit that in germany, say there was no knowledge and no expertise in really going authority --ic , and wirecard did do fraud, one gigantic fraud machine they built up, and then if you have this authority that says they do not have any experience in forensic oversight , supervising, then this is the core issue that has to be resolved. toa: this is clearly going be a talking point in berlin. it is going to be something that has people in finance talking and in political circles, lisa. is it going to have a real impact on how people vote in the election? lisa: we will see. whole government is involved in several aspects. of course, the people of germany will look at how this is dealt with, and there is a huge interest on the public in this fraud. as yo

obviously the question is how did the government miss this how did how did the finance ministry not heed all of these warnings that have been really being . shouted from the rooftops over the past couple of years so that would really put the finance minister under under a lot of scrutiny and also chancellor merkel who had been lobbying for wire heard as recently as last year so a lot of a lot of political questions would come out of this as well as the dylan in frankfurt thank you. every nation is going through the biggest crisis in its history with many seats on jets still empty freight business is the one bright spot for the industry is booming as people are shopping online like never before during the pandemic which means employees at german logistics giant d.h.l. for example have a lot to deal with these days. that d.h.l. freighter arrives packed from nose to toe with the express packages. manager yvonne seidel is in charge of unloading and rerouting them these planes just arrived from zagreb team has only 30 minutes to offload it. yet there are more and more night learning of the numbers g

said his efforts were bound to fail, partly because hezbollah insisted on keeping control of the finance ministryrule during the world wars to civil wars that ended just 30 years ago. france's president has been supporting the effort to form a new government. macron plans to speak on that crisis, tomorrow. now, look north on that globe to belarus. tonight, dozens of women are under arrest in belarus's capital minsk. they were detained after the latest protest against its president, alexander lukashenko. these rallies have attracted hundreds of thousands of people. this week, alexander lukashenko was sworn in during an unannounced ceremony for his sixth term. in a statement to reuters, joe biden expressed support for the protestors and called out president trump for not calling out lukashenko. among those arrested today were nina, an icon of these protests. she is 73 years old and she's a great grandmother. we could spin this globe, all night. so many countries give us so many examples of democracies in deep crisis. of heavy-handed governments in deep trouble. if we kept turning, we'd reach china,

cut supplies so anything cutting supply probably people are happy about but if you are this finance ministry of a country like azerbaijan or if you are a lier if the head of the country the president well you know you need to you need to tax revenues from deal oil because there is especially as there is a pandemic and there's not much else going on you know there's no tourism it's a beautiful country as are by john beautiful in terms of you know too good for tourism and so on but nothing is happening right now so those. petro dollars are very very well come. always a pleasure talking to you thank you for joining us thank you so much comer. now hundreds of refugees on the great content of lesbos are expected to be moved to the mainland in the coming hours the group have been granted asylum after the marriott camp was destroyed by a fire earlier this month let's go to stephanie decker who's been reporting on this for a few weeks now stephanie what's happening to there now i mean isn't this what a lot of people wanted to get to the mainland. getting the last time you and i spoke we were in an oliv

the main issue is the shia bloc are insisting on staying in control of the finance ministry under otherbeing in power, and in charge of these ministries. this is what has pushed mr adib to resign, and will probably make anyone who comes soon to be appointed hesitant of forming a government in the light of these problems that are taking place in lebanon. many here are wishing that the international community would add more pressure, or threaten to freeze assets of politicians inside lebanon. that is the only way that will pressure them to make concessions. seven people are in custody in paris in connection with an attack yesterday in which two people were stabbed near the former offices of the satirical magazine, charlie hebdo. the victims — a man and a woman who are employees of a television company — were seriously wounded, although both are reportedly out of danger. the attack is being treated as a terrorist incident. environmental regulators in chile are threatening legal action to try to reduce the level of light pollution in the country. the growing urban landscape has a potentiall

of policy planning at the uae's foreign ministry. >> the subjects are very technical ones. such as aviation, culture, economics, finance>> however, palestinian authority prime minister criticized the israeli trip to uae. he said it was a clear violation of a middle east peacece deal tt rejects the normalization of ties with israel unless israeli occupation comes to an end. >>> india's gdp shrank by the fastest on record in the latest quarter as the coronavirus undermined economic activities. gdp shrank 23.9% in the april to june quarter from a year ago. that is according to the latest government data. it was the steepest fall since india began keeping quarterly figures in 1996. the economy has struggled since the country introduced one of the world's toughest lockdowns in march. the gdp plunge was the worst among asian countries that have reported figures so far. the government began easing the lockdown in phases since june but nearly 80,000 new cases are still being confirmed d daily. as a resulult india's economy i ghly likely to contract this fiscal year overall. >>> china is continuing to push to strengthen interna

scoop, aa bloomberg new estimate for the german economic growth expectations out of the finance ministrye look stronger than anywhere else? stine: yes, it does, matt, and it looks like it has more momentum than the u.s., for example. some of the details we are seeing, for example, in the pmi numbers would be worth paying attention to. i would pay attention to the employment components of the pmi released, because that really is likely to be the pain point of the economy. we are seeing, as you mentioned, unemployment beating estimates is folly moret than expected in germany, -- is falling more than expected in germany, but what about others who do not have as much capacity for support at the moment? anna: thanks very much. you gave us a lot of interesting lessons to be learned, of sorts, and she leaves our markets life team. thank you very much -- our markets live team. thank you very much. moving on data, gold also in focus around the $2000 mark. "surveillance" is next. this is bloomberg. ♪ look here, it's your very own all-in-one entertainment experience: xfinity x1. it's the easiest wa

government formed a committee to find ways to employ medical graduates but the finance ministry refused to fund more jobs citing a lack of money and the prime minister criticize the increase in violence against doctors. and. the assault against our medical staff will be 1st with severe legal punishment we are calling on tribal leaders not to allow these assaults to be commuted under their names that's done fertile to placate health workers doctors across iraq say they will start a partial strike on it by the end of the week the government has failed to address their demands they will expand that and 12 for one has covered 900 cases are rising that could have disastrous consequences and it's something everyone wants to avoid dorsetshire pari al jazeera back to. corona virus infections in several european countries are surging from reported another $7000.00 cases on sunday officials there say the spike is partly due to more testing and that there hasn't been an increase in hospitalizations no deaths in the u.k. there's been nearly 3000 new infections the highest any rise since late may the government says it's mostly among

government formed a committee to find ways to employ medical graduates but the finance ministry refused to fund more jobs citing a lack of money. and the prime minister criticize the increase in violence against doctors and. the assault against stuff will be faced with severe legal punishment we are calling on tribal leaders know to allow these assaults to be commuted under their names that's them fertile to placate health workers doctors across iraq say they will start a partial strike on it by the end of the week the government has failed to address their demands they will expand that and pull 1. 1900 cases are rising that could have disastrous consequences and it's something everyone wants to avoid. al-jazeera baghdad a fire in syria's rebel held province has killed 3 children it happened in a tent at a displacement camp in the town of. civil defense units helped to put out the fire and rescue the mother of the children who suffer burns the oldest child to die was just 6 years old. we got a weather update thanks to 0 then the jazz army accused of executing dozens of civilians during counter attacks against armed group

government formed a committee to find ways to employ medical graduates but the finance ministry refused to fund more jobs citing a lack of money and the prime minister criticised the increase in violence against doctors. and. the assault against medical stuff will be 1st with severe legal punishment we are calling on tribal leaders know to allow these assaults to be commuted under their names that's them to placate health workers doctors across iraq say they will start a partial strike and by the end of the week the government has failed to address their demands they will expand that and pull one has covered 900 cases are rising that could have disastrous consequences and it's something everyone wants to avoid dorsetshire pari al jazeera back to. india has once again reported the world's highest single day tally of new corona virus infections on sunday there were more than 1000 cases the death toll has now surpassed 70000 the government says the rise is due to increased testing more than 4000000 people tested positive for coven. well the weather update next year i was 0 then serious accusations of human rights abuses aga

to boost an economy battered by the corona virus outbreak the finance ministry says spending will grow by 8.5 percent it comes as exports of fallen 46 straight months in august asia's for the largest economy is struggling to contain another surge of covert $1000.00 cases. french president manuel markov says a new government needs to be formed quickly in lebanon to tackle its political and economic crisis most of our deb who was named prime minister just hours before my court landed in beirut but before he met david mark rolle visited pharaohs one of the arab world's most famous singers and the rest symbol of unity in lebanon it's his 2nd trip to the city since an explosion killed almost $200.00 people and left hundreds of thousands homeless. is the former ambassador to germany and one broad support from across the political divide but winning the public's trust won't be easy to reports now from beirut. he was not well known to the public until now was the 1st a deep has been chosen to form lebanon's next government the former ambassador to germany is promising change at a time of deep crisis where we will choose a minister

government formed a committee to find ways to employ medical graduates but the finance ministry refused to fund more jobs citing a lack of money and the prime minister criticize the increase in violence against doctors. and. the assault against on medical stuff will be. legal punishment we are calling on tribal leaders not to allow these assaults to be commuted under their names that stump little to placate health workers doctors across iraq say they will start a partial strike. the government has failed to address their demands they will expand into a full one as cases are rising and could have disastrous consequences and it's something everyone wants to avoid dorset al-jazeera back to. the number of people who died after being infected with the coronavirus in mexico could be much higher than official figures suggest the health ministry has recorded 123000 deaths during the pandemic that's nearly double the official death toll the world's 4th highest several regional government offices of lot of death certificates and rights groups say the lack of protective equipment has led to more medical workers dying with the virus

government formed a committee to find ways to employ medical graduates but the finance ministry refused to fund more jobs citing a lack of money. and the prime minister criticize the increase in violence against doctors and. the assault against on medical stuff will be faced with severe legal punishment we are calling on tribal leaders know to allow these assaults to be commuted under their names that's them fertile to placate health workers doctors across iraq say they will start a partial strike and by the end of the week the government has failed to address their demands they will expand that and 12 for one has covered 900 cases are rising and could have disastrous consequences and it's something everyone wants to avoid doris's of ari al jazeera back to. turkey's president is warning greece to enter talks over disputed eastern mediterranean territorial claims or face the consequences the 2 nations have been in a standoff for weeks of a competing energy reserves turkey is prospecting a seabed area the greece claims as its. true you know they also learn turkey has the power to discard maps or documents imposed well unde

government formed a committee to find ways to employ medical graduates but the finance ministry refused to fund more jobs citing a lack of money and the prime minister criticised the increase in violence against doctors. and. the assault against our medical staff will be 1st with severe legal punishment we are calling on tribal leaders know to allow these assaults to be commuted under their names that's them fertile to placate health workers doctors across iraq say they will start a partial strike and by the end of the week the government has failed to address their demands they will expand that into a full one has covered 900 cases are rising that could have disastrous consequences and it's something everyone wants to avoid doris's of ari al jazeera back that. some schools in man ma are refusing to close despite an increase in corona virus infections the government ordered to shut down more than a week ago but students living in areas affected by a civil war a still attending classes when hey explains why in a remote peaceful part of a rebel army is providing security and education a new classroom built by the korean na

of the pandemic in this quarter. the current account balance stayed in the black in july for a 73rd straight month but the surplus declined compared with a year earlier. finance ministryicials say the current account surplus fell 27% to roughly $14 billion. officials say this is partly due to the 25% drop in the primary income surplus, and that includes dividends and interest from overseas subsidiaries of japanese firms. earnings slumped on the back of the pandemic. the travel account surplus plunged more than 90%. the steep drop in the number of foreign visitors to japan meant their consumption in the country fell sharply. the trade balance returned to a surplus although the value of exports declined due to the stagnation of global economic activity. imports fell even more due to lower crude oil prices. nchts a hospital in japan iss usingg a r robot to prevent the spread of the coronavirus. the device is linked to a system thatat enables doctors and nurs to check on inpatients without having to enterer their wards. it consists of a tablet and moves by remote control. doctors and nurses can determine a patient's physical condition by communicating withh them via the t

sectarian basis of government as the shia parties hezbollah and amal they were intransigent and very really insisting that they will name 1st they insisted that they wanted the finance ministry portfolio they said that it belonged to their sect and once the former prime minister who belongs to the sun the sect said fine you can take that portfolio in order to for us to form this government they now are demanding to name the ministers reserved for the she our seats in government so the shia parties really are being blamed for hampering really the prime minister designate efforts to form this government which levanon really really needs in order to unlock billions of dollars in aid and for those people of lebanon who were in a bad place anyway who suffered so much particularly since the be reporting explosion for them is this a case of one step forward 2 steps back. well yes even in the words of the president a few days ago he said levanon is heading to hell the situation here is dire the economy 55 percent of the population and the country of 5000000 people now live below the poverty line more than 30 percent unemployed businesses are shutting down the currency has collapsed