Its neighborhoods all facing the very real threat rising sea levels. Also look at the bonds capital liberal precision through the eyes and the drawing pencil of one of the citys up and coming awesomest. Hello im Christine Wonderwall comes to africa its good to have you along now when thinking off cape town you might imagine white sand beaches windy states and the imposing Table Mountain picture perfect isnt it but this beautiful city is one of the most dangerous in the world and it has the highest murder rate in south africa now since january well that 2000 people have been made it most. Murders and other types of Violent Crime on into again next evictee in the cape flats the flats as they all called locally are an area of densely packed townships on the outskirts off cape town were about to meet one man from the cape flats whos turned away from gangsterism and hoping to forge a new life for himself. For tubby so landing gardening has recently become a calling he is making money and fe
Federal reserve has lowered its benchmark Interest Rate for a 2nd time this year the Central Bank Hopes the quarter percentage point cut will help cushion the u. S. Economy against a global slowdown worsened by the u. S. China trade war the move could help strengthen business fixed investment and exports which the fed says have weakened the u. S. Central bank has also faced intense pressure from President Donald Trump to cut rates and with washingtons ongoing trade war with beijing. And for more on the subject we are now joined by the w. s financial correspondent on wall street who said we stay out officer resets good to see you and the markets briefly went down on this announcement why when a rate cut was so highly anticipated by investors. I would say happier because of the division inside of the Federal Reserve own wanted to do next it is important to highlight that to both the members of the boeing c. Did not support the rate cut as the top into in july well and although wanted an
President donald trump says the cost is too small but fed chief Jerome Powell says its just what is needed for the Worlds Largest economy. Some had expected more from the u. S. Federal reserve and want the Central Bank Head to room poll held his own and lower the benchmark Interest Rate by 25. 00 basis points todays decision to lower the federal funds rate target by a quarter percent to 1. 75 percent to 3 percent is appropriate in light of the Global Development or mentioned as well as muted inflation pressures as expected u. S. President trump was quick to react to the decision he tweeted jay powell and the Federal Reserve fail again no guts no sense no vision a terrible communicator. Trump recently called for the Interest Rate to be lowered to 0 percent he wants to prevent an economic slowdown in the lead up to the president ial election next year but the economy is doing well the Unemployment Rate is very low at 3. 7 percent the u. S. Economy has continued to perform well we are int
Get. You with us austrias parliament has voted to reject the plant a trade deal between the e. U. And south american nations following the decision from vienna the country might now block the agreement in brussels its the latest blow to whats thought to be a landmark trade deal one that took 20 years to negotiate austria is the latest country to cast doubt on a deal thats been 20 years in the making for the past several months the planned agreement between the European Union and for south american nations has shown signs of on ruffling a trading relationship worth 88000000000. 00 euros a year is at stake the e. U. Exports 45000000000. 00 euros of goods to brazil argentina parikh y. And euro quite each year the markets are a block sends almost as much back. The deal would remove juice shes on over 90 percent of goods the e. U. Exports to america soar that includes cars textiles and chemicals mercosur countries for their part would benefit from reduced tariffs on our cultural products in
Excited. Argentina is an important Food Producer but it doesnt have stock and it doesnt have investments because as everyone knows the Economic Situation here is delicate and to try to expand export capacity at the moment is impossible theres no credit and we can expand export capacity then theres the United States to worry about argentina recently resolved to 10 year trade dispute with the u. S. Over meat exports its a Major Trading partner with substantial political influence in what it sees as its backyard but the but i mean. I think the u. S. State department has made various moves countries in latin america to be aware of increasing its trade with china. But he also warned the current trade dispute is merely a skirmish in a much bigger war to come the technology and intellectual Property Rights of the satisfaction here of the deal just done this still uncertainty over the next moves to come from beijing and washington. One of cyrus. Over the next 10 days hundreds of thousands of p