A very slow pace over the last few years and 11 on was facing certain number off and balances within queues and budget deficit and the trade barriers and therefore the government has to act firmly and swiftly in order to address those imbalances. Meanwhile in iraq dozens of people have been killed in protests since late last week as iraqis demand that the government steps down over issues including rampant joblessness algeria and sudan have also seen unrest in recent months unemployment in arab countries averages 11 percent compared with 7 percent across other emerging markets something jihad is or says governments need to get a grip on the level of growth that countries of that engine are are having is below what is the needed to address the unemployment we are in a region where the level of unemployment abuse level exceed 25 to 30 percent and this requires growth to be higher by one or 2 percent. And no country is missing its growth targets quite unlike iran where u. S. Sanctions are causing the economy to shrink and inflation to reach 30 percent the i. M. F. Says the region needs to be prepared for radical change including steering itself away from oil if used to stop the unrest that so ready gripping in some states from spreading even further. Chinese stocks closed almost one percent higher on monday amid positivity about the countrys tech sector beijing is actively pursuing a more Technology Friendly stance to achieve selfsufficiency in the wake of the u. S. Campaign against chinese tech giant while away the country is set to launch its own Digital Currency well it is also studying ways to boost the use of block chain and Artificial Intelligence in cross border financing. That helped Power Hong Kong stocks to a 6 week high rate trade optimism u. S. And chinese Officials Say theyre close to finalizing some parts of a trade agreement with talks to continue but the good news comes with a warning from h s b s c europes largest lender says expect further ahead with its its profits that by 18 percent in the last quarter missing Market Expectations a london based bank supposed to its profits in asia especially hong kong and widespread demonstrations of crippled the territories economy since june theyve hurt many small and medium sized businesses which are customers of h. S. B. C. The slowing Global Environment is also a problem has b. C. Has lowered its profit target for next year. And joins us from london for the u. K. Stock broker shares that are how bad 1st lady is the impact in hong kong which is a. Well thing is we actually expected quite a bit of an impact this time around and to be honest in the results there doesnt seem to too much no suggestion the hong kong really had an impact in the asian business as a whole generally did fairly well and you know the problem here is actually in the european and u. S. Operations were where the where the real issues are. Those issues are going to be with us for some time do you expect the situation to get worse. I do think that there will be here for some time i dont think Global Growth is going to turn around any point in a big way we are still the face no slowing Global Economy weve got trade wars weve got brics it weve got low interest loan low Interest Rates around the world especially in europe and also falling in the dollar so that puts room really puts a pressure or Net Interest Margin which a lot of these banks are highly dependent on and then weve got other issues you know more regional issues you know weve got. In the u. K. Brics it got intense Mortgage Market competition here in the u. K. So all of these things are factored in and you know most of the u. K. Banks are facing this issue with p. P. R. Claims it was a huge missing scandal a long long time ago and a lot of these banks are having to pay up so you know there is those issues that people are luckily repeat itself but you know a lot of the macroeconomic challenges are still there and will continue for a little while longer what about h s. P. C. Itself its announced a restructuring how big a restructuring is that going to have to be. Well it does seem as if its going to be a fairly significant amount of restructuring h. S. B. C. Was already restructured under the previous c. E. O. He didnt last very long in the job weve got a new chap coming in no not believe his name is he is the interim c. E. O. As you would expect with the new c. E. O. Coming on board theyre going to announce a whole new set of restructuring measures measures and really start there all 30 and i think hes really playing for the the job on a permanent role so even before the results that have been expectations that h. S. B. C. Would be shedding in the region of about 10000. 00 jobs worldwide possibly a bit more now if if they are going to be very aggressive with the restructuring and it seems that a lot of these jobs will go in the Investment Banking unit which actually this time around didnt perform world of tall and a lot of that would also be in the states thank you very much for joining us there from the u. K. Stock broker the share center of london. That are some of the other business stories making news agency the central bank has limited the amount of u. S. Dollars argentinians and by now only 200. 00 instead of the previous limit of 10000. 00 the step was taken to safeguard the peso after sundays election when left leaning a bit of a not this one hell now have to tackle argentinas most pressing economic problems the politics peso and massive sovereign debt. French Luxury Goods Group l b m h has reportedly offered 14 and a half 1000000000. 00 for the jeweler tiffany the Financial Times reports that the leave its owner made the all cash offer for the iconic u. S. Company earlier this month tiffany is expected to reject the bid. Space tourism is about to go public starting today investors can trade shares of Virgin Galactic on the New York Stock Exchange for the 1st time its founding in 2004 Virgin Galactic has raised more than one 1000000000. 00 to develop a commercial service to take tourists to space. And microsoft is beaten amazon to a lucrative 10000000000. 00 contract to build a Cloud Computing system for the pentagon amazon had been favored to win the us defense and jet i contract but in recent months its bid has come under attack from u. S. President donald trump i was on both jeff bezos is a vocal critic of the president. Is big business in the northeastern u. S. State of maine and the industry had built up a thriving trade with china now the tariff dispute between the 2 countries has caused exports to collapse canadian fishermen a seizing the opportunity while american sellers scramble in search of new markets. Maine is renowned for its rocky coasts and indian summers a week or 2 of warm weather that often comes and fall when the brilliant hues of the leaves are a major tourist draw now the a delicate state up in the northeastern most corner of the u. S. Has also become a battleground in the trade war with china lobster fishers there are being hit hard by tariffs lobster exports to china are down 80 percent and Michael Libby is feeling the pressure. Weve got a good Chinese Market and we ship directly there we get these tariffs that are buying for us the buyer of canadas dad but theres theyre buying our products and heritage because theyre special terrorists to the chinese for him its existence for quite a frustrating. Theres a lot of hands on labor in catching lobster like baiting the traps michael and his crew men have put out 400. 00 today. And the industry in maine is strictly regulated to ensure it remains sustainable michael has to measure every single animal caught and he too small have to be thrown back. Theyve caught around 500. 00 of the cross stations today in Portland Harbor part of the catch and up with a distributor that packs the animals for transport around the world. Last year the u. S. Exported around 5 and a half 1000000 kilos of lobster to china this year it looks like it will only be around a 1000000. Not long ago china raised the tariff on them from 25 percent to 35 percent bad news for Business Owners like tom adams. We need all markets its a big industry its a big business for the state and they are there to be trying to seclude it from 2 major market places due to tariff disadvantages is really makes it that much harder for our business to thrive and grow. Canadian competitors have now seized around 90 percent of the law. Trade with china to make up for collapsing exports manes lobster industry has to unlock new markets fortunately other Asian Countries like singapore and malaysia have begun to develop a taste for the product. As the trade war between the us and china drags on Michael Libby is now also seeking to sell as many of his lobster as possible to local restaurants. He doesnt get as much for them as he used to. But at least the beer at the end of the day is on the house. Deli is not known for its air quality in the capital is one of the most polluted cities in the world the residents woke up to even cloudy is skies than usual on monday a night of fireworks celebrating the hindu festival to lift a blanket of thick smog across the city this is a quality has plummeted in recent years but the situation made worse every year around the time of the wily juju the volume of firecrackers used to be a bit officials want people to use socalled green fireworks that are meant to be more environmentally friendly. Bison business i think. The female. Black. German which. Any time i mean place. Video. You. Have of the back of the i think songs to sing along to download music is to come from super whimsy to who. The to have very good causes into active exercise is the thing about the devil you dont come to slashdot on facebook in the uk still. Gem in 5th grade the devil you play it is all happening coach of it cut your link to news from africa and the world place your link to exception in stories and discussions in one long time student news African Program and from one gemini from the use of museums and while with safety deputed comes to africa join us on facebook at g. W. Africa. Birth place home to movements of species plays a home words if you. Love him those are big changes and most start with small steps but the ideas tell stories of could induce people and innovative projects around the world players to cut loose to manage solutions and resources to should play interactive content teaching the next generation above the little touch of. Players and channels available to inspire people to change and show play and more determined to do something new for the next generation the idea is the environment series of global 3000 on t w and online players. Play. This is either when you fly from berlin argentinas forces turn to the left to lift the country out of its economic crisis. Celebrations are likely to be short lived president elect Alberto Fernandez now has to pull the country back from the brink of the folks also on the program. This is over us left baghdad his hideout