and then tiago added a fifth goal to seal the gate. me coco botches new side of molly's his old one they probably won't give him such a warm welcome next time though when is buyers seven super cup victory. this is up next with. your smart t.v. smarter t.w. for smart t.v. . what you watched when you bought it up to do extraordinary. to decide what songs find out more. cops more. his creations. his brand the mistake of colonoscopies because of the. what do we really know about the man behind the dark shades what

motivates him how does he think feel. that moment in the life of a great fashion designer. some small. stuff as stark september. double. the currency in freefall the stock market in decline and a president apparently in conspiracy theories turkey's economy is in dire straits and worries about contagion grow is europe sufficiently protected from the fallout of the crisis. and europeans worry about a flood of cheap still looking for new markets after u.s. tariffs were imposed the one company seems to be in a very good position. this is the business out of as welcome turkey's

president reptile. should as citizens they will win the quote economic war even as the national currency plummets to record record lows they just need to trust in god he says also change dollars euro's and gold hidden under their pillows into liras after losing more than twenty percent of its value on friday the turkish lira has recovered slightly on monday after the central bank pledged to provide liquidity but it's still closed to all time lows at the same time the turkish government promised a plan to stop the drop but failed to provide provide details that the possible contagion effects on other emerging markets is making investors around the world increasingly nervous. turkey's president at all one has responded to his country's economic crisis with a plan to boost investment meanwhile the euro is in freefall and while the turkish central bank has announced measures to help banks weather the storm ordinary

businesses already feeling the pinch. enjoyed it if i'm in trade but my business is interrupted because i sell imported goods therefore we'll update the prices today because the prices we pay for goods increased twenty percent and as a result of currency fluctuation. eventually people will be affected by that. and the central bank's proposals have done little to quell the markets the euro has hit a one year low against the dollar prompting some experts warn of contagion. the fall has certainly been dramatic the lira has lost about forty five percent of its value against the dollar since the beginning of the year that means it has become extremely expensive for turkish businesses to service loans to foreign creditors if the lira tumbles further corporate debt could explode and some foreign banks could lose billions of their turkish borrowers default on loans. that the

chief economist. cost has lost again today just heard it in the report forty five percent since the beginning of the year now the turkish central bank has better provide liquidity and cut reserve requirements or took those banks but is that enough no it's not enough it's a like a band aid bit of capital injection make will have a bit easier for banks but are we to solve the crisis we turkey would need a structural solution which also includes the central bank but which would mean that the central bank really has to show that it is fighting inflation and not only providing band aid in the fall of equity so its own interest rate hike. i think here i think would you even front for the eyes of investors read on financial markets what do they expect they they expect to be a independent central bank which is fighting interest inflation which would mean

for the interest rate hikes it is also financial markets would probably expect a government coming up with a clear pro growth oriented economic policies which are creating a friend be climate for foreign investors so that the foreign capital is not leaving the country because this is what is happening right now. we get that a lot recently that heads of government criticize their central bankers donald trump does that all the time as well is that a new trend that we see that it is a bit of a new trend as so many new trends i think also initiated by mr trump and you know we have the new trend in terms of that protectionism is better than free trade now we have the new trend that criticising the central banks and putting pressure on central banks seems to be the new trend in europe i think we've made extremely good experiences was showing that central banks do not react to political pressure remember the former e.c.b. president is a dazzling bear who once said that central bankers are like with cream the harder

you beat them the tougher they get. actually. it's also have you seen or heard anything from from the government that would harm investors' nerves i think right now there is still very little i think also investors are still waiting for for more to come from ankara and this more to come would really i think have to include really supporting the independence of the central bank showing that there is a pro growth oriented economic policies and you know it could still come but i think when you look at the day to day and market reactions i think this is still too little for the eyes of financial markets to to really feel relief so since i ask you the chief economist of thank you very much. shares in german chemicals giant bya have plunged ten percent of the fighters decision by the us court to order monsanto which by

a recently acquired to pay two hundred eighty nine million dollars in damages to a groundskeeper dewayne johnson who suffers from lymphoma claims his cancer could have been caused by his contact with monsanto's round up weed killer the jury agreed ruling that monsanto should have warned buyers of the potential dangers bias says the court's decision goes against overwhelming scientific evidence. as board monsanto in june this year for fifty six billion euros with the american agro chemical firm facing more than four thousand lawsuits in u.s. state courts and four hundred fifty at the federal level it's estimated the total cost of litigation for buyer could reach up to eight billion euros well that's reason enough for investors to be cautious and although share prices showed some life earlier this year they perked up in june around the monsanto acquisition it's

lately been mostly downhill monday brought another plunge following news of a california jury verdict against monsanto with shares down twelve percent well that's bring in our financial correspondent only bats from frankfurt. only are there you are only shareholders are correct in assuming this will cost by a lot of money. well you know the shock that they showed today might be unwarranted in the end the scope might be exaggerated at the moment buyer wants to appeal this court ruling and they say that they have lots of scientific evidence contrary to what the jury found that this week kill or does not cause cancer but in the end you now have perhaps thousands of potential more cases and lots of bad headlines that are damaging to the reputation of the company and perhaps a stiff bill in the end but nobody knows that and this uncertainty

certainly would on the other hand warrant such a reaction as there is today and warrants uncertainty and insecurity anxiety on the part of and on the part of investors in this very important question but it was it was known before there was facing tremendous legal risks in that because you can be why did buyer go ahead anyway and why do investors seem to be so surprised today. i think buyer it was just convinced that it could convince investors when push came to shove and they saw all sorts of advantages complementary products and regions and analysts i talked to right here on the floor when they came by to visit while the takeover was still emerging and going its way said that it is a perfect fit looks like a good future but the only risk are the legal ones and nobody could put a tap to that and now we have the situation and one just has to wait and see how

this plays out it could be very serious in the end we know in the case of volkswagen for example how stiff penalties can be when u.s. courts and the government perhaps in the end put pressure. only balance in front of thank you very much. two months ago the u.s. imposed a twenty five percent tariff on. still imports there was outrage and talk of a trade war and a peacekeeping for to washington but you officials so far to no avail so european steel makers had to bite the bullet and find ways to stay competitive on the u.s. market for this steel plant in eastern germany exports ten percent of its i put to the united states the high end material produced here is used in the oil and chemical industries so far u.s. president donald trump's tariffs have had little effect on the company's sales in the u.s. that's because the specialized steel made here is hard to come by on the american

market but the twenty five percent levy has had a major impact on prices. we have no alternative but to keep passing on the cost of the twenty five percent punitive tariff to our customers. because our american buyers come source what they need on their domestic market they have no choice but to absorb the increases. so e.u. firms producing nice products remain in a relatively comfortable position but it's a different story for companies making cheap steel for industries like construction . for them there are two reasons for concern for one u.s. consumers can choose to buy cheap tariff free steel at home but analysts also fear that countries like china which have traditionally exported their cheap steel to the u.s. could look for new markets in the e.u. . they won't be able to sell as much to the u.s.

now this will lead to a diversionary effect meaning more will make its way to europe. well that's ok as long as the economy is doing well but overall when we look at things we can see some very dark clouds gathering in the skies of the global economy in. dark clouds are not european steel makers haven't yet given up hope that trump could still be convinced to drop the tariffs pressure to do so could even come from american consumers angry about having to fork out twenty five percent more than before. and that's it for me and the business team and by then my colleague. level update for the next hour by.

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where the real power resides. when i come from there lots of people in fact more than a billion if you two words lances democracy give me that's one reason why i'm passionate about people and aspirations and their concerns. not just in the region the book is right here in berlin after the fall of the berlin wall and i remember thinking at the time if the bilingual going forward anything can happen if people come together and unite for of course. but i do the news that often in france are difficult situations for conflict between design still i see just part of my job in france was leaders on policies and development to focus spotlight on issues that matter most hunger food security oppression marginalisation. a

not has been achieved with so much more needs to be done and i think people have to be at the heart of solutions mine is a mismatch and i work at details. welcome to a d w science show tomorrow today coming up. some people can't imagine a party without it but what really happens when we consume alcohol. as much of the world sizzles in a heatwave when this could be at risk of encountering multidrug resistant bacteria in force or. animal testing is a controversial practice some scientists believe.