turkey ask lates your ongoing conflict with the u.s. as president to and blames washington for the leave ross fall to boycott american products or was your correspondent has the latest on the potential fallout. also on the show hong kong takes measures to clean up its mountains of electric waste in a project to exclude groups throughout asia. come to your business news update i'm funny for sure here in berlin to kish president. has warned his country will boycott u.s. products in response to what he calls terrorism done by the united states friends to trump administration doubling tariffs on turkish steel and aluminum the turkish lira appears to be pulling back

a little bit from record lows after the central bank took in measures but rising prices are still hurting the people here is more. president into one claims the united states has the lira as retribution for ankara's detention of an american pastor on espionage and terrorism charges washington had already imposed sanctions on turkey and last week announced plans to double import tariffs on turkish elaman human steel since then the turkish lira has lost a quarter of its value here too and says it's part of a plot by the united states to devalue currencies globally meanwhile russian foreign minister sergey lavrov already predicts consequences for the dollar we didn't. i'm sure that this grave abuse of the u.s. dollar as a global reserve currency will result in the eventual demise of its role. at the slow bits while many analysts say that international concerns about into one's

economic policies are behind the leader as crash the turkish leader speaks of economic terrorism by washington and called on his country to boycott u.s. made goods i'm really proud of it we will boycott american electronic products if they have the i phone there is also sam song. you know no one has also renewed a call for turks to convert their euros and dollars into turkish lira to strengthen the currency meanwhile analysts hope for the central bank to take action to restore confidence in the lira. the show must go in new york a financial correspondent has more on that story that's a scene so is adeline's boycott likely to have any serious the fact that u.s. companies apple for example was one company that he did it targets. now gruy funny turkey is simply out of portland enough to american companies

especially not to become phonies like apple the apple stock did not react at all and they was in the green the entire trading session so investors weren't worried about this threats in the end american companies and the american economy and the american president just have more leverage so it isn't an equal fight if you want charm can inflict way more damage in turkey than the other way around and we saw that last week when you brought up tariffs on steel and aluminum turkey is not in a strong position right now so the american tech companies these two these these that are a little more than saber rattling basically and the broader market even saw a little rally on tuesday with the stocks gaining on strong learning. an equal fight you point out but can things get any worse in this dispute. yes i would say so and the reason for this is the add on is not facing someone here

who is actually trying to calm markets by taking a passive or cautious stance on things and that the white house is actually harming the already weakened country even more about it threatening more and more thanks and tariffs so the fall of the lira and the turkish economy are just collateral damage trump wants to see the pastor andrew branson free and until he does not get it what do you want in regards to his going to write pressure on turkey our very own social months in new york thank you very much. president nicolas maduro says the from now on than a cheap fuel will only be available to people with a special government aid carty so-called fatherland card for years to governments of the academically ravaged country has have only subsidized petrol to a voracious black market in oil smuggles to neighboring countries like colombia the

caribbean until now any driver of could fill the tank of a small ass-u. the nine thousand times for the price of a copy of a coffee in a swell us opposition says the government's new fuel card is a tool for controlling people. it was a year ago that germany's second largest airline at the time then had to file for bankruptcy be the bridging loan of one hundred fifty million euros in taxpayers' cash the german government kept the ailing airline aloft for an extra two months critics of that move soon claims to money was just a subsidy to a bolt out brawl in but now administrators say did known will be repaid olby it's slowly. it was a tearful farewell at the end of last october the last air berlin flight took off. the one second largest german airline was history after almost forty years. an

initially the german government had provided a one hundred fifty million euro credit after the insolvency in august of twenty seventeen to keep the flights going but quickly it seemed it was to win time not to seat. but had time to pick the best parts for its subsidiaries german and euro wings without having to take over all of their berlin including its personnel and contract. discount airline ryanair expressed an interest in acquiring air berlin employees but just a short while later c.e.o. michael o'leary said what many air berlin employees were thinking. all we see is a succession of german politicians falling over themselves. to award the air burden to the fans are calling the fans a champion and therefore because it's a german champion it should. be allowed to take over ninety five percent of the domestic market making it not just

a german champion but. who will increase the cost of air travel for millions of. ticket prices did in fact go. right after the last flight. thousands of air berlin employees faced an uncertain future both easy jet and aloof tons of group bought up air berlin's landing rights in airplanes employees had to apply for new jobs and were given inferior contracts a year after declaring insolvency it looks like taxpayers won't have to foot the bill according to insolvency officials the one hundred fifty million euro state credit can be almost completely paid in full but it will take several years. now one of the side effects of technological changes that are electrical devices become obsolete faster and faster and that again is creating mountains of electronic waste a poison for the environment and it's also expensive to recycle all call has hired

a german company to help solve its crippling electronic waste problem and they plant that could serve as a model for other recycling centers in the region. modern robot technology in this case it's not being used to produce devices but to dismantle them the hun conquered ministration is paying the berlin company out of a three hundred eighteen million euros over a period of ten years the company has to rid the city of its electrical waste. a lot of the material that arises is exported to third world countries. where it often gets disassembled in a very full state and that's one of the principal concern we should not be exposed to the white. house and congress is not only one of the richest and most consumer friendly cities in the world it's also one of the largest producers of electronic waste every hong kong resident throws away almost twenty kilos of old electrical

appliances every year. most of it's collected by small businesses some products are resold as used equipment but a large part disappears on the international waste market for a long time the metropolis was an important trance shipment center but that's all about to change every hong kong citizen can have their garbage picked up by alba free of charge the manufacturers have to pay the bill maleo should so supervise the planning and construction of the plant with its one hundred forty employees he's not only had to make sure the garbage was disposed of properly alba must also ensure that electronic tracking makes it possible at all times to trace which devices land where it's about dick as soon as equipment just discovered that it may not have been on the market in hong kong. for little but may have been imported.

we sorted out immediately and reported to the environmental authority that. their employees can join in at any time via a camera the plant is considered to be the most modern in southeast asia and will soon be able to recycle two thirds of hong kong's electrical waste but when it comes to the company this is just the beginning. it was a great opportunity i think for the german technology to be exported to this region because people recognize that electronic waste is a global problem and china has said it was a whole series of new electronic bike facilities japan and korea are looking for an enhancement and right through the rest of the region right down to single pole where they're also looking at today and have seen quite a way to finance that. most of what remains at the end of hong kong's electrical waste goes back to the factories in the region where the next generation of

electrical equipment is produced. all right and that's our business wrap i'll be back tomorrow same time same place thank you so much for watching. the.

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