Their trust in us. My name is jean paris and i werent a deed. Is a way for debt towering over the Global Economy thats the warning from the world bank close even negative borrowing rates are to play in the constituent banks really afford to change course. Also on the show well introduce you to a cuban cooperative making furniture out of an unexpected material. And its 2000 years old and ready for a comeback. To ferment a team packed with probiotics is taking its turn as a super food. This is your g w 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 red in the wake of the global recession if Interest Rates rise again making that debt more expensive to p
Also in the programme who will be the next governor of the bank of england . Andrew bailey has emerged as the favourite. And legislators in the us have approved a new trade agreement with mexico and canada to replace the north america Free Trade Agreement. And working with businesses to confront stereotyping at work and in society. How one man is challenging the narrative surrounding black men, through his photography. And you can get in touch with us about anything on the programme. Let us know what you think just use the hashtag bbcworklife. A warm welcome to our new business show. We start with brexit, because today a crucial period for british and european businesses begins as the uk takes a major step towards leaving the eu. The Withdrawal Agreement negotiated between borisjohnsons government and brussels goes before parliament with a vote expected later. And given his large majority, its expected to get through without many changes. Under the agreement, britain is due to formally
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
Business live from berlin welcome and were starting with an interesting Monetary Policy decisions weve been central bank has raised its key Interest Rate by 25 basis points to 0 percent now this is significant because it makes it the 1st central bank in the world to have adopted negative Interest Rates and then ditch the controversial policy now only for Central Banks including the European Central bank and the bank of japan are Still Holding on to negative rates before lets cross over now to our Financial Markets correspondent in frankfurt and i hope he can hear me because i can see him and there is a comma why her sweetness and now you want to yeah good why why is sweden strikes bank changed its rate policy. Well monica the 1st reason reichs bank is naming in its report is that inflation is on target just like the European Central bank here in the euro area the mandate of the rykes bank in sweden is to provide price stability and that is defined at the inflation rate you know an incr
A large number these 8 percent are concentrated on the german Manufacturing Industry and this industry is in trouble at the moment it is basically in a recession for one and a half years now that is to say that production is shrinking that new incoming orders are shrinking so this part of the German Economy is not doing well at all is that all down to the to the trade war the insecurity about brags it all the other reasons as well. This is definitely one of the main reasons the breck city uncertainty surrounding the breaks and the uncertainty surrounding the trade war this has had an impact on the political industrial cycle and germany is a very important part of that industrial cycle but there are also difficulties currently in the german Automotive Industry which is you know transforming its production from the from the combustion engines to the electrical electric motors this is currently also. Having big problems at the German Economy on the other hand there seems to be some optimi