it's. german cycling great dishes been arrested in frankfurt on suspicion of assaulting a sex comes less than a week off the former tour de france when upset in court on the spanish on that of majorca he was charged with breaking and entering the home office famous neighbor of the german action directed to. four vicious cycling achievements for mileage in two thousand and twelve when he was found guilty of doping. yet as far as we have business news for you showcase stay with us. if you. think. with the senses. recognize. and experience the inexpressible.

the cultural magazine. arts twenty one. w. . with different languages we fight for different things that's fine but we all stick up for freedom freedom of speech and freedom of press. giving freedom of choice global news that matters w made for minds. turkey is in trouble as the lear us lives from one his story glow to the next president of the russians up the rhetoric and his comes are meant to sell their gold and bile iraq to help defend the country against cold foreign enemies. trouble for europe's biggest budget airline ryanair hundreds of pilots a walk in off

a twenty four hours in a europe wide coordinated strike. this is the business president russia type add on is telling turks to exchange gold and hard currency into leone friday framing turkey's currency crisis as a national battle against economic enemies the mirror has lost its value this year and fell further on his comments it was trading at around six point zero five to the dollar after he spoke as nearly nine percent weaker on the day european markets have already been falling on worries over texas economy and further developments president donald trump from the u.s. said he wants to double tariffs on turkish steel and many of. turkey's economic boom was fueled by government spending but the upswing has come to an end official forecast suggests the economy will only grow by three to four percent next year markets are losing patience and that's taking its toll on the national

currency. the lira has been sliding since the year began losing sixty six percent of its value since january. stoking inflation which recently hit sixteen percent many in turkey are fleeing the lira for dollars or euros currency exchange offices are doing big business and the crisis is revealing turkey's underlying shortcomings. when you ask what's wrong it's the lack of production nothing else. what we need to talk about is a policy that would focus on exporting agricultural goods we cannot do anything with industry it's not well developed this. type of fluctuation we're seeing causes crises in countries that don't have a solid economy. i lived in europe i lived in germany for twelve years and i never saw anything like this. and it took. as turkey's people come to

grips with the crisis the government has no easy options when it comes to regaining the confidence of the financial markets. our correspondent dorian jones joins me now from istanbul dorian strong words there from a president i want you friends in as a national battle against foreign enemies in sounds of turkey was and war is out of on weekends. well at the moment i think he's trying to use his to consolidate his support is a very impassioned speech where he said western countries are conspiring against turkey he accuses of being economic warfare but promised to vanquish those that are waging this war he also made appeals or again to all the people in turkey to cash in their foreign currency in gold and defend the lira he made it very much a war of independence very very strong rhetoric and put now he is peace to be trying to consolidate his position and power with what he's trying to present as

another coup attempt against him. that was finance minister also introduced spoken this afternoon to introduce a new economic plan what was new there what it is say. it was a very long speech and he did try to tick all the boxes and verses wanted to hear you talked about the importance of reining in inflation you talked about fiscal discipline but the problem with this speech is there was very little detail to it there were very nothing about key target figures how you will achieve these targets you talk about the central banks in the pendant but again we have not seen the central bank intervening by raising interest rates and that plane because of the pressure people believe is imposed on by the president so as he has made these comments which are aimed at trying to soothe the investors but there is very little information about how he will achieve these goals and worryingly for the finance minister. thirty's father and all the president they seem to enter caught him

promising more financial expansion more building projects and this went totally against the message he was presenting to investors and this will just add to the feelings of the uncertainty lack of direction that turkey is heading in and that will further lead to a further currency rout of which we have seen the american dream uing to plummet. just receiving breaking news the president donald trump just a few minutes ago has tweeted that he will be doubling tariffs on. many i'm from turkey. so that's putting oil into the fire isn't it. most certainly is i mean the current rout in the currency was triggered by tensions between turkey and the us over the ongoing to tension of an american past they hear this latest announcement it will be seen as pouring more oil on the fire at the liberty attempt to further destabilize the currency but it will just fuel into investors concerns that turkey is increasingly isolated and is facing

a potential financial showdown with the most powerful economy in the world which will further fuel fears about the future of the turkish currency serious situation in turkey developing thank you very much story and jones in istanbul. ryanair pilots have begun a coordinated twenty four hour strike across europe germany is likely to be worst hit with two hundred fifty flight cancellations as ten airports pilots in ireland germany belgium sweden and the netherlands have also walked off the job. it's the biggest industrial action ever to hit europe's biggest budget airline the effect is visible here at frankfurt han airport where checking deaths are unstaffed and passengers nowhere to be seen many planes won't be flying today pilots' union representatives in frankfurt say their message is ryanair must change almost any note about defeating ryanair it's about sending

a signal that they have to stop trying to defeat their own employees. some passengers were forced to spend the night and early in the show in a failed airport many don't know when they will be able to fly out but some are showing sympathy for the pilot's demands. and it's unfair that the pilots have to pull the short straw just because passengers want to fly cheaply. and this is something from me and i think it's a potential safety risk if employees don't stay at home when they're ill because they're on a freelance basis and wouldn't get paid so i do think it's justified. ryanair pilots are striking across europe for twenty four hours as they demand higher salaries and better working conditions that's led to the cancellation of four hundred out of twenty four hundred scheduled flights affecting more than seventy thousand passengers. our correspondent last year went to berlin should have one of ryan as european bases to cover the strike i

asked him whether the prize flight model needs rethinking. that balance should hold one of ryan as european bases what's the situation there right now. while get out it's actually pretty calm and quiet here it's been calm quiet and very much under control all day so far which is exactly as it was to be expected because this was a pre-announced strike the pilots that make it public about two weeks ago and ryan air has spent the last three days rebooking people so everything was very orderly no problems at all here but of course behind the scenes there are major problems for ryan air and they have to rethink their strategy and everything. this isn't the first time brian pilots have gone on strike how effective are these strikes going to be. nobody knows for sure but it might very well be an effective strike this

time because we've seen a lot of strikes at ryan and the last couple of weeks and ryan air of course is already now a very very unreliable airline which a lot of people won't book because you can never be sure if you after actually ever reach your destination so ryan air might really have to do something a c.e.o. michael o'leary has said hell freezes over before he would sign a contract with the unions and pay more and offer better working conditions but maybe doesn't have the choice anymore because the airline might just not be able to operate if it's going to be continue to be crippled by by strikes and of course if ryan air has to change its business model maybe the entire airline industry at least the cheap flight segment will have to rethink its business model. port thank you very much. stocks in tokyo closed lower on friday as investors held off on buying before holidays and awaited the outcome of u.s.

japan trade talks those talks made little headway this week japan is hoping to win concessions on threatened us also tariffs which could be detrimental to the industry if they come. it looks like japan's economy has bounced back after a worrying deep in the first quarter of this year consumers are more confident and are spending more in an atmosphere of strong job growth providing a boost to gross domestic product from my pool to june g.d.p. showed a half percent expansion that was significantly better than had been expected the external environment however could be troublesome for japan's economy to. the g.d.p. can be widely influenced by various external environments such as trade hostilities between the united states and china there are unstable and unsure factors. so i cannot say for sure it will continue to grow. for good. deal

so our. u.s. president donald trump is pushing tokyo to sign a bilateral free trade agreement and threaten to impose higher tariffs on auto imports including those from japan that would hit the export sector of the world's third largest economy. and that's it for me on the business team here and by lynn just returning to our top story turkey is in trouble as the lyrics lines to a new story glows present out on ratchets up the rhetoric and edges this country men to sell their gold and buy iraq to help the friend the country against foreign enemies more on that developing story in an hour with my colleague christopher caldwell thank you very much for watching barbara.

she loved because so. and then she left and of course was. she became famous as the woman in the shadow of a genius but she found her way as an artist strong woman with an eventful life we visited her in her new york studio.

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