market may have been global stock slide analysts say you can now call this a crisis the political turmoil in italy hits equities and pounds the euro. plus germany's refugee work force getting more skilled migrants into work even without the official qualifications. and what happens when you say to control that out of a poor control tower. this is your business update on helen humphrey in berlin that you could join me. mayhem in milan and on all the european exchanges traders are worried that a snap election in italy will be a referendum on the eurozone now there's also serious concern that the country's debt burden is spiraling out of control analysts say europe may well be on the brink of another euro crisis. fear of a new financial crisis is creeping back into european markets italy faces in

a terrible government in new elections this has shaken up investors worldwide. the dillies lead in the next temporarily drop by almost four percent on tuesday at the end of trading it stood at minus two point seven percent losses in madrid were almost as high the german dax index also lost ground one point five percent. especially bank stocks were on a downhill ride. but it's about more than stock markets wanted to leave central bank dillies future within the euro zone can only be secure as a reliable partner. to go beyond the really simple preserving we have to keep in mind the great risk of losing irreplaceable trust in a short period of time. lovely trust in the strength of our country that beside the patty in the judgments is great. both on an economic and

social level a good round so gonna grow normally is to be there. but it's not only italy that needs the euro zone the currency union stability relies on the financial stability of its member to the south. and we can speak for financial correspondent in new york so fishermans key joins us now sophie what are investors in the united states saying about this drama unfolding in italy. well we have been observing a remarkable reaction in the markets here today and early trading the dow lost the around two hundred points and the loss got even bigger during the day we were down to four hundred fifty points at one point and that other european debt that bled into the broader prime minister market so we could see a fellow off stocks as well and messrs let into safe havens like the u.s.

dollar for example and banks were leading here the downturn on wall street and in the center of all of this is the european currency the stability of the euro and the economy in the euro zone because the worst case scenario is a queer quivery so italy leaving the european union potentially leaving an even bigger mess than the breck that that and traders i have talked to have been saying all day they're going to stay away from big investment decisions at the moment or i serve very much a global reaction the moment thanks so if you stay with us we're going to come back to you in just a moment but first let's talk about a deal two years in the making now u.s. antitrust authorities have approved by as takeover of the american sea giant monsanto it marks another major hurdle in the sixty two and a half of billion dollar deal but the german german farmer just firm has agreed to sell assets including seed in crop chemical activities to its rival b a s f over

eight and a half billion dollars to come anti trust concerns the life science company already has the green light from the e.u. brazil and russia but it still needs clearance from canada and mexico or at let's go back over to surrey free then sophie that green light from regulators where you are sir pretty much looks like a done deal. well buyer still has to wait for the other two countries to give them green light but fire has said it comprehend the deal will close by the june fourteenth deadline for the company acquiring one firm told that would be the last step of a transformation fire was founded more than one hundred fifty years ago and it's plastics business and for you made it up as a lie prions company with a health and agriculture unit and once this deal is through three global the hem of would dominate the world's agriculture industry and this of course is

a prospect that has left farm as worried because they fear higher prices and less choice but now buyer has definitely managed a major hurdle so efficient ski own will three thank you. top german european officials of pressing the u.s. for a permanent exemption to high import tires from metals imported from europe they're expected to go into effect on friday and european trade commissioner to see amongst women german economy minister paid to outsmart expected to meet this week with it wilbur ross the u.s. commerce secretary a huge trade representatives failed to win a permanent exemption to the u.s. tariffs at the start of this month e.u. policy may make it say they will take countermeasures that could damage economies on both sides of the atlantic if they do not get what they want. now more refugees are finding jobs in germany two hundred sixteen thousand migrants and now in work

and the need for skilled workers is so great that some employers are giving experienced refugees a job even without the official training certificates you might think so what's that's a big thing in a country that places so much emphasis on paperwork. he's only twenty four years old but already a well rounded craftsman use of asa honey worked as a carpenter in syria for six years he also sewed in his father's tailor shop there he made everything from curtains to upholstery and even fabric auto interiors. it had been ghosts which we had a big workshop with a lot of space and you'd have been wise so things there were a lot of businesses would bring us work and we sewed and taylor that workshop is how my father made a living. and you can just have my fun things we've got a way to going to. use of alcohol and he has been recognised as a war refugee and has been working for this small on ing maker for two years the

start ups which is ultraviolet resistant on ngs and mounts them for customers even this young company in a niche market worries about finding enough skilled workers there are hardly any more good stores in germany its owners say. well no it isn't wasn't and we have contact with other automakers and we see the skilled staff are in high demand those who have learned the trade are then turned off of it because of the heavy working load and it's very difficult always looking for new people in for those issues. the manufacturer already has two permanent employees and a steady stream of in turns including at the moment marlon mostafa. he's from aleppo which was a textile hub before the war there the thirty nine year old employed twenty five people in his workshop. which leads. i have experience as a tailor of men's and women's fashion i could even open a tailor shop after maybe even a large workshop were a lot of people could common work for me and i can employ fifty people perhaps even

one hundred s. in a shop a long time should come see me too i. most office current managers are giving him a good start towards his goal they're banking on both syrians textiles experience even if the workers have no qualification. sions on paper. to name on this it's down to the company not to insist too much on certificates or exam results that's a typical german obsession i think that these are the only things that matter when it comes to employment criteria. you know german language ability is still a must for angle in colts even if their employees skills are top notch they don't want misunderstandings and improperly cut fabric so they insist their staff take german language courses the need for such language skills is self-evident to use of fossil honey after all he says he does now live in germany you know most would say it is. it's an iconic image the air traffic controller responsible for the safety of thousands of passengers every day perched on a tower above the runways but not good as in hand but what if the tower wasn't

located near nap or what if instead of windows controllers relied on monitor his own a small airport in sweden may signal what's to come another day and soon as fall north of stockholm another safe landing at the city's airport all with the help of air traffic controllers in this tower nothing unusual there things look much different inside controllers here rely on a panoramic digital display for a real time picture of air traffic all of it fed by cameras around the runways and projected on the fifteen massive streams in other words it's a remote air traffic control tower and since fall doesn't just control its own flights but those of two other airports hundreds of kilometers away. we do see some benefits with a remote system that you can actually increase safety regarding how you handling we can see in and out on the runway and a possibility that has systems support of detecting our craft so the safety is high

sweden's transportation agency approve the technology developed by saab in two thousand and fifteen since fall became the first to employ it now others are buying into the idea solve a signed contract with airports in the u.k. and it's running a trial in the us belgium is considering updating its control towers in the edge and shore law in the coming years on five dollars will be utopia and we see that in other european countries when a new tower is built in an airport most of our colleagues choose the digital tower and i think that it will eventually be the solution you object adams said i love solution. a future of outsourced air traffic control it's ready for takeoff. that's it you're up say with the latest from the wall of business for find us on facebook follow us on twitter just go business on there as well and see how free is my handle and i'll be back tomorrow same time same place see you then.

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