Projects around the world like deals that protect the climate boost Clean Energy Solutions and reforestation. Using interactive content to inspire people to take action google audience and series of global 3000 on t. W. And on mine. Is a wave of debt towering over the Global Economy thats the warning from the world bank low even negative borrowing rates are to blame but can Central Banks really afford to change course. Also coming up argentinians are taking to the street in protest of the new fernandez government and its economic measures. And its 2000 years old and ready for a comeback. A ferment a team packed with probiotics is taking its turn as a super food. This is your Business Report im stephen bears in berlin thanks for joining us a wave of debt in developing nations has grown faster than at any time in the last 5 decades and could trigger an economic crisis thats the warning issued by the world bank on thursday developing countries racked up a towering 55. 00 trillion dollars of debt by the end of last year encouraged by low borrowing costs in the wake of the global recession if Interest Rates rise again making that debt more expensive to pay off could be devastating the organizations. Now concerned about debt was one reason given thursday when the worlds Oldest Central Bank ended its 5 year experiment with negative Interest Rates swedens respond rates by a quarter percentage point on thursday to 0 percent the response adopted negative rates and 2015 charging banks for holding on to their reserves to encourage lending the move stimulated the economy but it also pushed up Household Debt and weaken the local currency thursdays decision is certain to be watched by Central Banks around the world where negative rates have become more popular in propping up sluggish economies. And for more on this lets go to our financial correspondent in new york he ends korda. Yes we just heard of some of the pitfalls of negative Interest Rates and yet we know that in the u. S. Where you are President Donald Trump has pushed for negative Interest Rates why has he been so vocally in favor of them. Well everybody doesnt saw donald trump once its true you know but the thing is that so many Central Banks on the planet do have negative Interest Rates and which the us having higher rates that actually pushes the dollar higher and higher dollar is bad for exports overall and then also the hope and the thinking of the white house probably is with a lower rate you get more stimulus more of cheap money to corporations so they can invest more and even get the economy Even Stronger than it already is even if we look at europe for example or also or japan that this trick has not necessarily worked so that cheaper money really drives companies to invest much more now and yet the fed has cut Interest Rates this year 3 times already is it possible is it realistic that they could go down to 0 or negative. Well at this point it seems unlikely but well nothing is impossible ended a lot depends on how the u. S. Economy is doing lets just say we should heed into a recession what does not look likely at this point for 2020 but lets just assume that what happened so that actually could drive the Federal Reserve to cut rates further even if nobody really expects a 0 percent Interest Rate here in the us any time soon and then we shouldnt forget those negative rates have a lot of negative impact just to name one Pension Funds for example have a big problem because if there is 0 interest or even negative interest the Pension Funds have to find different ways to invest and if you find different ways to take more risk and more risk could eventually also lead to some fallout so actually there are some really some real social consequences with the entire social system at stake but at this point we really would need to see a stronger recession so that Interest Rates are getting closer to 0 at this point the Federal Reserve last highlighted that they do not really plan any changes at all in 2020 or in the u. S. With a little bit more room to cut those Interest Rates compared to some other nation gens quarter their force in new york thank you. Thats argentina now where the government has pitched its plans of prop up a struggling economy and to lower inflation but the measures proposed by bonus areas which include suspending pension increases and taxing currency exchanges are now being met with anger on the streets. Some 2000 people are protesting in front of the congress and one as iris president are there to fernandes they say pretty much their time to. Go if youre going to get your last week the president said if we dont like something about him we can go out on the street the people are on the street mr president and we are asking to be taken seriously. That. Argentinas Unemployment Rate recently reached 9. 7 percent almost a percentage point higher than a year earlier low wages and the sky high inflation make life an affordable for many and theyre losing hope for things to turn better isnt it cant be undone yet they are asking everyone to make sacrifices and they arent giving anything during the campaign they said that they were going to increase pensions by 20 percent and now they are freezing them that cant be. Economically said. 6 months without an increase which means we will be paid the minimum that is that what barack t. They want to fix us with 10000. 00 pesos for 6 months that is not enough. To. Turn on this with took office last week after beating conservative you know cold war plans to hike taxes on Farm Products and bring back the socalled tourist tax on overseas expenditure to stabilize that countrys finances. Hong kong was formerly a shock to you drop paradise but its once mighty Retail Sector is facing a gloomy christmas the retail societe says over 10 percent of the territorys retailers thousands of shops could close in the next 6 months. Behind the bleak forecast Economic Uncertainty due to those ongoing democracy protests. Hong kong is legendary for it shopping but the scenes of mayhem in a hong kong Shopping Mall just days before Christmas Show why there is little festive cheer for the territorys retailers this year. Protesters are taking aim at hong kongs key Retail Sector to press home their demands for democracy. District elections last month showed strong support for protests but the demonstrators have disrupted christmas shoppers and clashed with the police. And uncertainty about hong kongs future means that the mood among those who do venture out to places like times square is bleak. Definitely wristband us than before its because they were during the of a situation says i think some of the uncle he was. Not such a christmas was to buy and if it is not saved go out yes and not happy at all we are not very in the mood and yeah hong kong this is a really hot moment yes. Pacific place is normally packed with bargain hungry consumers from Mainland China and local buyers getting ready for christmas. Much of the protesters im sure has been focused on chinas increasing influence in hong kong and mainlanders are staying away. Retail sales fell 25 percent in october the steepest drop on record christmas sales are expected to hit fresh record lows retailers are worried about their future 7000. 00 shops out of 64000. 00 in the Asian Financial hub could be forced to close down in the next 6 months. And the other year tourists would pack out the star ferry to crowd the shopping magazine. Across hong kong harbor but this yuletide the mood is music. With a wave of closures looming hong kongs retailers fear the writing is on the wall. For i know it has come up a firm entity originally brewed in ancient china and popular in the soviet union where it was known as t. Mushroom now its enjoying a revival in russia and elsewhere although some consumers arent so sure this is green tea on its way to become income butcha a culture of bacteria in east is the magic ingredient here the fermented tea may look somewhat dubious but alexander the cutup is betting on it hes one of the founders of carried to come the Company Currently only produces around 4000 liters of the drink per month but its hoping to expand. To make kombucha a mainstream drink drink that everyone knows about and can find on a fort. In the soviet union come to was mainstream people brewed the drink in their kitchens it was known as the Team Mushroom. Still experiments at home with new flavors for carried. In his Business Partner division on founded karibu in 2016 as the 1st russian Computer Company they still try to use mainly russian ingredients for their flavors including juniper berries and pine nuts and they add a healthy dose of nostalgia as well. Well. As kids we always waited for our grandmother to pour as a glass of fresh mushrooms. Down a lettuce riot. It was only after the fall of the soviet union in the ninetys the fountain and cocacola and all those carbonated soda started pouring into russia to be the wrong and i pick it now is experiencing a revival in russia around a dozen mainly Russian Companies sell the drink in the country but memories of the Team Mushroom dont always help combat sales to become bushs a drink made from tea mushroom i havent heard of it ive only heard of the teen mushroom yet your new i wont risk drinking something i dont like the look of. But car makers are hoping russians can see beyond the surface after all the tart probiotic drink has Health Benefits and analysts say internationally complicitous sales are worth over a 1000000000. 00 and are on the rise. And selling the potential of the market is huge because in russia people are increasingly interested in Healthy Drinks and healthy food and in a Healthy Lifestyle i dont want to tie their bottle my bottom alex on theres a cute couple wants to convince russians that this soviet classic has really turned the corner. Ive tried it and really not that bad thats it for me and a Business Team im seeing theres a blend thats watching. Conflicts and sebastian. Chinas recent celebrations for a 70th anniversary werent quite the Public Relations triumph it was supposed to be my guest this week here in london is victor gao how does he justify chinas council of human rights abuses and the continuing pressure on hong kong conflict so for 60 minutes. What secrets lie behind you swallow. Discover new adventures in 360 degree. And explore a major World Heritage sites. W World Heritage 360 getting up now. We could start rewriting the software of sample through all so. Were not creating large growth were rewriting a lot of the salt were read all over so we can redesign them theyll have Different Properties a little bit of a move were going to implement changing the beetle as we go up the birth of the group to do this better or through from the ground sort of using fossil fuel. To both clusters. We could have wired or give a sample size to the ball field of the lake. But. Were just learning this is a new field. This is steve every news africa coming up in the next 15 minutes it started with protests against increases in the price of grain and yet to the ousting of a dictator we look at saddams uprising one year on and off the hopes of the protesters have been fulfilled. And reaching for the sky will introduce you to the woman in god that was doing something no other woman in the country has done before. Class running around in circles which turn as spotlights on the face or face to
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