The goal has long prided itself on its tax free cradle to grave welfare system but it cant afford it any more Global Oil Prices have blue budget deficits and twenty eight seen in the regions first value added tax in the u. A. E. And in saudi arabia a big change for two super rich countries where the mole is king but the saudis are creating even more cheer for motorists with an unannounced rise in petrol prices a doubling with immediate effect from midnight. One last fill up before gas prices go up now even saudi drivers are concerned about prices gasoline is rising in cost from twenty cents a liter to forty five cents most drivers arent happy. With the increase will affect people whose lives depend on using a car most of the time i work in a medical Equipment Company and on a normal day i drive between three hundred and four hundred kilometers so it will affect me strongly peoples more which not to consume the person or kid people ignored we did so for the news but is just too cheap to cheaper than the other countries were too. Low Oil Prices Mean saudi arabia is scrambling for more income the price of a barrel stabilized last year around sixty dollars yet the International Monetary fund calculates that saudi arabia needs an oil price of at least seventy dollars a barrel to balance its budget. Higher prices for fuel are a clear sign that the government is serious another sign the government also has introduced a sales tax for the first time in the history of the country a five percent value added tax is now charge for food and drink textiles and in the real estate and hospitality sectors. Saudis have grown used to not paying taxes for anything though including income tax so the authorities are implementing them gradually to ease the pain. To a different kind of pain as Falling Oil Prices combined with political unrest and corruption have decimated venezuelas economy there are a chronic shortages of food and medicine inflation is set to hit two thousand three hundred percent this year the president throwing a bone to the working poor hiking the minimum wage but that wont help much as the local currency the bolivia is one next to nothing. Basile president Nicolas Maduro made the announcement on new years eve on the issue is im announcing an increase of forty percent of the National Minimum wage and of all salary scales nationwide of teachers military Police DoctorsPublic Workers a lot of political. But still only brings the full time minimum wage to just under eight hundred thousand baht of r. s a month or the princely sum of seven dollars on the black market that would only pay for about two kilos of pork a venezuelan stable when its available the wage hike comes after the government failed to deliver on a promise of lowering port prices for traditional christmas meals. Blamed portugal for failing to deliver pork imports. Last week hundreds of people took to the streets in the poorer parts of the capital caracas to protest the food shortage millions of venezuelans are unable to afford three meals a day. I dont think yet that name where hungry now the people are hungry there is a famine the government says the local Food Supply Committee should hand out food every fifteen days but it doesnt arrive he said you know you dont want anyone want the meet and economists say the wage increase will only fuel the rampant hyperinflation opposition politician same with duros refusal to overhaul venezuelas failed socialist economic model and stop excessive money printing will create more misery in the year ahead. But just business then Richard Cousins has died in a sea plane crash in australia along with four members of his family cousins was the scene of britains compass well its largest Food Service Company a seaplane plunged into the hole for a ribbon is it me joining a sightseeing flight but he said it would be days before the wreckage is recovered cousins was highly respected in the london Financial Community as a turnaround expert and. Chief executive it took over compass in two thousand and six and help the company recover from a Corruption Scandal compass its shares rose almost seven hundred percent during his tenure. As india seeks to keep growing its economy in twenty eighteen a look at president red remoting his reforms reveals a bit of a let down when elected back in twenty fourteen he promised to modernize the economy and Education System and combat corruption this year the economy will be a third bigger than when modi took office but his economic measures have slowed the pace of growth and as our next report shows theyve made life harder for those who can afford it least. Grew up in the crowded in poverty stricken streets of the moon by slum. Here he learned the trade of taylor within a few years he started his own small sewing workshop. Business went well and soon he was able to recruit extra help most of the migrants from rural communities. But Economic Reforms a crackdown on cash and a new sales tax have made life difficult for Small Businesses like heres. The problem is cash flow if i dont get any money from my Main Customer how much supposed to pay wages and costs are rising last year young cost ten rupees now its twelve my customer doesnt have the money to pay me but expects my prices to stay the same in. Indias tax system is complicated even Small Businesses need a computer or a tax advisor which costs time and money. But additional burden has meant as a team had to lay off four of his ten workers. Last july the government introduced a new nationwide goods and services tax or g. S. T. I mean to simplify trade and prevent double taxation experts have called it the biggest tax reform since independence its the second reform introduced by the Modi Government to have hurt the economy never last year the government announced that over eighty percent of cash in circulation would suddenly cease to be legal tender was a bid to curb the black economy the move officially term to monetize ation crippled the overwhelmingly cash based economy we wanted action in g. S. T. Are the shocks in the Indian Economy in the last one year the economy is facing a real crisis and this crisis is embedded in from the unorganized and its impact on the impact of the g. S. T. And of the demarcation on the organizing and that impact has been felt by people in dharavi. Tells us that seven hundred Small Businesses here have shut down already he himself had to take out a loan to keep his business afloat he sees the reforms as a failure and the government promised that prices would go down and people would profit that didnt happen it now gas for cooking is twice as expensive. Costs are increasing but not wages its a difficult time for. The government insists things will improve where the voters share that confidence will become clear in the next parliamentary election in twenty nineteen. Social Media Companies in germany will have twenty four hours to take down a legal material from now on if they fail to remove hate speech or fake news for example they could face a fine of up to fifty Million Euros a post. Critics fear the likes of facebook and twitter could overcompensate and delete controversial legal posts to avoid the hefty fines facebook has hired hundreds of new people in germany to play with a controversial law time to get away from it and popular way for europeans germans to spend part of their holidays no theyre not just consumed by the idea of topping up a tad in far flung corners of the world the fund off of the concert it is attracting more tourists than ever and its mostly thanks to its natural phenomena. This is the spectacular result of electrically charged particles colliding with atoms in the upper atmosphere the Northern Lights visible only in the nighttime skies above the Arctic Circle this couple from germany spared no expense to come here to the extreme north of norway. From us more adventure here and its Something Special when we told our friends and family that we go to trial. For four weeks and they were they become very jealous with the sun barely climbing above the horizon in the deep midwinter days are largely cloaked in darkness so the norwegians of come up with some rather special attractions for tourists the hotel brought out of ice for example king crab safaris and Close Encounters with killer whales in recent years no way is Tourism Sector has gone from also ran to leading light. We have the highest growth percentage wise in only twenty eight percent and this makes me very happy and visitors to this secluded but increasingly popular corner of the world are also getting a buzz especially from those awesome night skies. I start business with. Ill see you again very soon here on the topic of. My first boss was a sewing machine. Where i come from women are bones by this ocean for. Something as simple as learning how to ride a bicycle isnt. Since i was a little girl i wanted to have a bicycle off my home and it took me as the months but. Finally they gave up in mental buying me and my status but returned with the sewing machine sewing i suppose was more apt procreates for goes than writing im biased as knowledge i want to meet those woman back home who are both by their duties and social rules and informed them of oded basic rights my name is dave out of the home and i work at the gym. Climate change. Waste. Pollution. Isnt it time for good news. For go people and projects that are changing no ones are meant for the better its up to us to make a difference lets show them. The to an environment magazine. D. W. Germany state by state. The most colorful. The most traditional find it all at any time. Check in with the web special. Take a tour of germany stay