Were all in this together on together to make it. Stick to save everyone. Stay safe stay safe increase stay safe. Nigeria such restart International Flights into and out of the country will accuse an economy thats struggling under local oil prices and most likely already in recession. And it could be the worlds biggest i. P. O. Investors are eager for ali babas mobile payments arm bands to file for a joint listing in shanghai and hong kong. Also on the show argentina want to support a struggling economy with china 1st thing in the countrys pork but a fireman all groups say no. Welcome to the show im Stephen Beers in berlin its good to have you with us nigerias thats reopened for International Flights 5 months after closing airport gates to halt the spread of the krona virus the closure threatened tens of thousands of jobs and put airlines there in a tailspin that theyre still struggling to get out of our correspondent fanny fox our reports for. These roads are usually packed with cars on the way to the International Airport but since march no regular flights in or out of nigeria this is the biggest and Busiest Airport in nigeria but for the past 5 months its been closed for International Passenger flights they are planning to reopen in just a few days but the Economic Impact period of isolation will be felt for some time. That impact starts right here no arrivals no customers for the taxi drivers some of them come here anyway frustrated with staying at home like. Me for. Probably. The last in. Fact other companies too. Were going to. Get that about. Answering calls from customers waiting for the orders to arrive from the u. K. Fasting free so basically we used to do. When people say oh nice i didnt. Know down because. If we saw it now takes 7. 00 to 10. 00 working days these 2 ladies founded their company 2013 jun 2 guilty john cents for the u. K. Giddy costs since then they expanded to deliveries to 20. 00 Countries Worldwide but in the pandemic they had to scale back that. Streams of income are getting in. U. K. The biggest. Extra sources of income they began to diversify and have shifted their focus on deliveries within nigeria to keep going to diversifying to survive not everyone can analyzes the total impact of the Coronavirus Crisis on nigeria. A lot of congress are now walking. Quite a number of them to stop some of the problems we do with. The collapse in oil prices coupled with the pandemic is too much for nigeria he says but i think. We. Would definitely have a recession. The airports plan reopening soon and that seen as a Welcome Development still it wont change the traumatic of fact dependent has had to nigeria as a whole experts fear we have only seen the tip of the iceberg. Correspondent funny facts are filed that report and she joins me now from largos very good to see you International Gates reopening in nigeria is that reason for nigerians to celebrate. Well for passengers yes also for all those employees who depend on their jobs and people who directly or indirectly depend on the. Team in the report be it the taxi driver be companies yes for them it is definitely definitely a gleam of hope but if you zoom in on those numbers what the industry went through through the past 5 months is actual reason to be shocked more than 100000 jobs have been lost in the industry alone and they are arriving you has dropped significantly by 95 percent during the past 5 months and thats just 3 stephen. Industries across the economy here in nigeria have been affected on some significant level by the pen demick which is just unfolding. All right so a very Bleak Outlook there for the Aviation Industry in particular you mentioned briefly other sectors really suffering how can we say as a whole how does the jury look at canonically how is it handling this pandemic. One prominent indicator for that is the g. D. P. Number that just came out at the beginning of the week minus 6 point one percent for the 2nd quarter that the number here for the nigerian economy and given assuming the numbers are likely to stay in the negative in the next quarter that means that nigeria is headed straight into a recession you know this is not the 1st recession that the country if if it is going to manifest its going to go through in fact its just coming out from a recession that started in 2016 due to Falling Oil Prices but serious speaking not only about the consequences of Falling Oil Prices due to the pen demick but were also speaking about so many structural problems that have existed long before the coffee pandemic has started unemployment corruption a growing population and so on and so on and these are all problems that are for the exposed by the pandemic but also are likely to reduce and if certain reforms its taken into account and the government is not speeding up its game to handle these problems or you mentioned the larger Structural Reforms but how is the government responding to the economic crisis right now briefly if you could. One of their responses was lets turn to the International Lenders lets ask i. M. F. Or helpless ask the world bank for help but as i just pointed out the structural problems if theres no commitment seen on the governmental side then its likely that thats how its going to be delayed and on the domestic level yes the government is trying to help the tax revenues and loans but its likely that this is just going to be a match within the form of sexual and not by the Informal Sector thats of the economy is largely made up here here in nigeria all right funny facts are reporting from one of africas largest economies nigeria thank you very much. Or i switching gears a little bit its been slated as a mega i. P. O. And group has filed for a dual listing in shanghai and Hong Kong Group is the mobile payments arm of chinese ecommerce giant group back in 2018 it was valued at 150000000000. 00 in a private fund raising making it the most valuable unicorn in the world now its aiming for more fun. The question at the checkout in china supermarkets is usually a simple one we chat pay barely anyone here uses cash the chinese Digital Payment apps have cornered the market among the countrys 1400000000 strong population. Pay has the lions share with almost 55 percent followed by we chance Parent Company 10 percent with 39 percent. 10 percent is ahead in another area however we chat is a very successful social media app in china and now office an all in one service where you can buy the latest trainers grab a pizza pay for other services all within the app itself in this realm has a lot of catching up to do after its i. P. O. It will certainly have the capital to do so. All right going over to one of south americas largest economies argentina is nearing a deal with beijing that could see it massively expand production to supply the asian nation of farms in china reeling from swine fever the investment is a potential boon for a nation thats reeling from recession and cuts but some argentines are not happy about the deal. This is about packing plants intensive farming and Industrial Production for the Chinese Market several environmental organizations behind the demos which have brought hundreds of protest as onto the streets of atlanta star is. Going without getting here in buenos aires one demand is to reject the agreement with china for the transfer of fausto production from say here and the other is to reject the destruction of wetlands land parents. Is famous for its beef steaks if china gets its way it could soon be the land of pork chops chinas own pork industry has been devastated by african swine fever and beijing wants argentina to fill the gap the deal is worth around 3800000000. 00 and tina is in dire financial straits making such an offer hot to turn down the protest is faith that it will come that he would cost to its natural resources. Are right investor Tech Sentiment in asia is on the rise an Asset Managers are looking to china for growth and the Worlds Largest mutual fund manager vanguard now says its winding down its hong kong and japan operations and moving to shanghai u. S. Headquartered vanguard manages funds with 6 trillion dollars and is currently working on a joint project with group trade tensions with the u. S. And Security Issues in hong kong mean the chinese tech firms are increasingly choosing to list in china. And staying in asia theres no substitute for explore experience rather than 80 year old Street Vendor in taiwan has achieved a coveted Michelin Guide recommendation and all because of the recipe he perfected 2 decades ago take a look. And his steaming buns at the talk of taipei his food stand in the citys oldest night market has just been added to michelins big go moaned list of venues serving outstanding meals at modest prices. One of his signature. Buns will cost you less than 2. 00 u. S. Dollars made with marinates of pork belly a hefty helping of curry and their invention and ground peanuts. Buns is different from other peoples we insist that its handmade its tasty because its their soft and full at the same time very delicious you know that you know yeah. And his hodes of hungry customers agree. Its simple that no frills food that everyone can enjoy pretty good and that it tastes sweet inside and outside on his soft very delicious. Thailand now has more than 200. 00 entries on Mission Lands famous lists that few of them have been at it as long as we do. And that looks delicious or it for those of you who think youve mastered the art of mass wearing it comes a new innovation out of japan the handheld mask and diners in kyoto gave them a test run this week holding their masts in their free hands and covering their mouths when not taking a bite the idea comes from Kyoto Saga University of arts and the prototypes are made of paper or non woven fabric with handles attached students we use input from tuesdays test run to further refine the prototypes. Try the latest Mass Technology thats it for me and the Business Team here berlin to check us out online dot com slash business thanks for watching. Literature invites us to see people in particular that i like to see some as the kids find strength growing up. But. You know the books on you tube. How does a virus spread. Why do we panic and when will. Just through the tax cover and the weekly radio show its called spectrum if you would like any information on the chrono laroche or any other science topic you should really check out our podcast so you can get it wherever you go your podcast can also fine arts and. Science. This is the dow good use a shot coming up today the dictators sister who got a promotion to. Give your drawing has been seen with north Korean Leader kim jong un several locations knowledge of yes she may have been provoked of them has a greater say over the countrys affairs what does this mean for of ties with the United States and south korea