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Home > World Business Report > Argentina Reportedly Musing Ministry Merger


	Podcast:		World Business Report
	Episode:		Argentina Reportedly Musing Ministry Merger
	Category:		Business
	Duration:		00:22:57
	Publish Date:		2018-09-02 19:37:00
	Description:		Reports say Argentine President Mauricio Macri is planning to eliminate or merge as many as 13 government ministries to save money. Urgent cutbacks are required to cut the budget deficit and quell a run on the peso, which is currently the world's second-worst performing currency, behind the Turkish Lira, once the near-worthless Venezuelan Bolivar is removed from the equation. At the same time as that, the country is sending its finance minister to Washington DC today to try and speed up the release of IMF funds to keep the nation afloat. Daniel Gallas, our South America correspondent, explains. Also in the programme, other emerging markets are suffering too, as independent economist Michael Hughes explains. As Argentina, Brazil and Venezuela face currency crises and economic difficulties, one of their Latin American neighbours is still booming. Juan Pablo Cordoba, Chief Executive of the Colombian stock exchange Bolsa de Valores de Colombia tells us how. Finally, the Internet of Things is more than simply your vacuum cleaner or washing machine or central heating talking to other devices via the web. It allows for individual control. And that's a double edged sword. Dr Leonie Tanczer from University College London, who's a specialist in research on domestic abuse and the Internet of Things explains the risks.Philip Hampsheir presents.
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