Of looking at the stereotype classics but if you think these are the countries that are not. Needed to be taken as grammar down. Its all that. I might show join me to meet the german fundy w. Post. While the ethiopian as president collects his Nobel Peace Prize in all slow the countrys poorest workers are still waiting for we forms of labels we have been exposed to for voice from the front lines of the extreme meet low wage economy. And our lack of electricity threatens the last train forest in the democratic republic of the congo. Also a global trade emergency the World Trade Organizations. The tradition system collapses in disarray after u. S. Pressure holds. Its its top. This is business africa. As well. But 1st we go to south africa where heavy rainfall has triggered widespread flooding whole neighborhoods have been submerged and the countrys oh utility. Is introduced rolling pollak to relieve the National Grid that has forced many mines to shut down posing a threat to the export sector its a major blow to the countrys already slowing economy which contracted in the last quarter. Since taking power in 2018 of the opium Prime Minister that implemented sweeping political reforms. The Nobel Peace Prize which he collected today ethiopias economy also goes from strength to strength but a lot remains to be done because Foreign Investors are mainly. By the incredibly cheap wages their Companies Say they dont break the law and support efforts for a minimum living wage in the country but in the meantime despite setting up shiny new textile factories they are profiting from scandalously low wages some workers and as little as one euro per day. The ethiopian economy is booming and with this the countrys textile industry Industrial Parks both flagship factories their clean and well lists but i think its really as good as they look one of the big pulls for Foreign Companies by the low wages in bangladesh the minimum wages are rising to 85. 00 euros per month while in ethiopia its just 23 year. Is that enough to live on. Back in june German Television reported on the lives of textile workers here. Is accompanied them to their homes tiny huts in a slum. The women wanted to remain anonymous. They worked in 2 different factories making clothes for h. And m. Among others then a week ago we visited the women again and asked if anything had changed. Do you know i was earning 23 year 0 month as my basic wage and 6 euros on top because of my extra skills then they said theyd raise my salary but they just added it together i now and 29 euros as a basic wage but nothing for my extra skills nothing has changed. The women have moved huts and now have a batch they still rely on their parents to get by a friend has been promoted an hour and 55. 00 euros a month its still not enough. I was hoping my life would change. But since i started at the factory 4 years ago things have stayed the same its tough. We also spoke to. They confirmed that the lowest monthly wage is 26. 00 around 23. 00 euros we agree that wages are too low it is our vision that every textile worker should earn a living wage they set were supporting a study into what a legal minimum wage could be one woman says theres been one positive development. Theyve changed one thing over time is now voluntary students can now attend their courses at university thats why. Theres not much else to celebrate though seems to says and activists tell us that the work is pressurised and intimidation and insults are commonplace so any theo p s textile sector theres still much room for improvement. In some of the other Global Business stories making headlines today greece has introduced incentives for the worlds richest in an effort to truck Foreign Investment wealthy foreigners who move that tax registry to the country will be given special treatment but to say that would help the bridge of void paying taxes greece finished an e. U. Bailout Program Last Year and is still recovering from the financial crises. One of europes biggest lobbies euro champers is calling for the e. U. To lift sanctions against russia the group represents more than 20000000 businesses and says its time for europe and russia to focus on working together rather than against each other. European union has approved 3200000000 euros in subsidies for the Battery Industry and a challenge to asian dominance of the sector funds will come from the 7 member countries and will be matched with investments by 17 companies the pledge comes as europe gets to europe gears up for electric cars to replace the petrol driven variety in the coming decades. The European Commission is posing a temporary tariffs on bio diesel from indonesia it says heavy subsidies gave indonesian producers an unfair advantage the tariffs are between 8 and 18 percent to restore a level Playing Field the european producers in these are many producers its biodiesel from pavel currently exports raw 400000000. 00 euros worth of it a year over the european bio diesel market is worth an estimated 9000000000. 00 euros. Last rainforest covers millions of hacked. Off the democratic republic of congo its a central part of the earths natural defense against Global Warming but its on a Severe Threat from a perfect storm of mismanagement corruption and poverty surprisingly a lack of electricity. In the democratic republic of congo chan called production is taking its toll on the rain forest millions of families in the impoverished country rely on charcoal for cooking and thats eating away at the congo basin forest. Making charcoal involves chopping down trees and slow burning the wood in covered of ends all of which comes at a high price for the environment. And with their own hector of trees we get at least 600 sacks of coal with a quarter of a head out we get between 120 and 150. 1 stack costs around 30. 00 the trade in chuckle known as mikalah is worth millions and fish in a there are limits on how many trees may be cut down but thats easy to get around lumberjacks just bright the police but theyre also efforts to find alternatives to de forest station. This is a reason trees were planted to save the forest in the National Park most of the trees here are specifically intended for charcoal there eucalyptus trees that grow rapidly. The aim is to preserve the ancient trees and wetlands deep in the jungle eco avons have also been intrigued they make more challenge with. The government hopes this will help reduce the plundering and thats key according to Global Forest watch an area twice the size of luxemburg lost last year. Democrats controlling the u. S. House of representatives and President Donald Trump struck a deal to revise the new us mexico Canada Agreement designed to replace nothing changes must be approved by the entire u. S. Congress House Speaker nancy pelosi says the revisions are a victory for u. S. Workers representatives from the u. S. And mexico are in mexico city or the signing ceremony. W t o chief Roberto Azevedo says the World Trade Organization will no longer be able to deliver final trade dispute rulings starting on wednesday after Member States failed so on block the dispute over the way that cases. Successive u. S. Administrations have blocked the appointment of new judges so today global trade is losing its ultimate empire without it and will be impossible to reach final resolutions of trade disputes between countries at the deputy without having to fear possible sanctions countries can use tariffs or be tempted to implement protectionist measures critics fear world trade is facing the law of the jungle. Back in october the w t o gave the u. S. The green light to slap tariffs on planes like this one air bus the pride and joy of European Manufacturing and the pain of u. S. Rival boeing the u. S. Is used to getting its way with the trade organization now the latest role has reached boiling point along touted american plan to block the appointment of judges to the w t o court came to a head as ambassadors from around the world met in geneva to discuss the impasse that t. O. Appellate body is made up of 7 judges for whose terms have expired have not been replaced because the United States has blocked the naming of their replacements 2 of the remaining 3 are due to leave on wednesday with only one member remaining the court will no longer be able to issue rulings. And the director general said that he will be now holding intensive consultations of a political nature ill get to his statement in a minute but what he said was that he thinks we need to dig deeper and we need to have a broader look at what we might be able to do in order to get a permanent solution to this problem involving the appellate body many of washingtons objections center on rulings related to trade with china without a court that 164. 00 member w t o will no longer have a binding dispute Settlement System it looks like. Planning to bring a separate german Retail Banking unit back into its main Corporate Structure could save up to 100000000. 00 euros per year c. E. O. Savings is expected to announce details of the streamlining to investors later on tuesday as part of why the flood of bring germanys biggest lender to downsize significantly and reduce its dependence on its Investment Banking operations. Into a bit. The company has apologized for a long. Christmas sweaters to be sold on its website. Christmas fashion featured santa claus appearing to engage in the drug. In various sexually suggestive poses. But. Since been removed from their web site. And thats it from the other business. News africa with any. Quick update on the global markets. Thank you very much. You go off. Another blockbuster weekend going to slip. Down. Into 3rd place. Like to be called from time on the 2nd. Glovebox scored in injury time to take all 3 points against buy in munich and a top of the table. 16. Is coming. From the adventures of the famous naturalist and explorer. Too soon the bridge clicks on the phone books from 250. Working on the foliage of discovery. Expedition in boyhood. This is news africa coming up on the program an african leader is recognized if you have us Prime Minister abi aftermath collects the Nobel Peace Prize for resolving the long running conflict with neighboring every tree. On the historic moments for angola former president the sounds the spot many whos on trial for corruption