points all together. plus while the fallout for the operators of the genoa graves those stories and much more coming up here and interview news. are. going to. make your smart t.v. smarter d.w. for smart t.v. . what you want when you want to look today extraordinary. to decide what songs find out more than double dot com smart t.v. . these creations. is brand the mistake of all colors gushing icons of the fashion world. look what do we really

know about the man behind the dark shades what motivates him how does he think and feel good moments in the life of a great fashion designer. son smashers. starts september ninth w. shares in the company which owns the operator of the doomed genuine motorway bridge head south after it suspends trading in italy. one country is racing to be the first to do away with cash payments re tell you which ones and why . and turkish exporting companies feel the pinch as their country's economy is thrust into the global limelight we get some perspective from system.

business on d.w.i.m. how yet again welcome to the program we begin with a look at italy where the government is considering different options to find infrastructure group which operates the motorway on which a bridge in genoa collapsed investors however have already punished the company bringing shares down over twenty percent after they suspended trading at. the parent company of which some are blaming for the disaster the italian government has threatened to company with heavy fines and is demanding it contribute to the bridges reconstruction. says it conducted regular safety checks besta gaiters have not yet established the cause of the collapse. and as that blame game continues our financial correspondent spots in frankfurt is joining us he's following the story for us and ali it's hardly surprising news that the stock collapsed given the fact that the company is under fire for the condition of the bridge but what does this

tell us about the infrastructure situation in italy in general. well it may be much worse than people thought we heard in the aftermath of this disaster of citizens of the city already voicing suspicions that there was something amiss i heard one one man saying he always drove over to the very fast in order to get to the other side but italy will now have to find a way to examine this situation and other situations basically across the country very closely and it will probably have to build up more infrastructure for that doesn't have the personnel to take a look now urgently and then it will have to take money into its own hands and you know the government is already very highly and that this will stress italy perhaps economically even more than before. it was in frankfurt and the way we pay is changing quickly while some countries like germany are more conservative

when it comes to cashless payment methods in denmark cash could soon disappear right now only one in five danish retail transactions is done in cash card payments are far more common there and now the head of one of the country's largest banks has joined the growing chorus calling for the country to abandon cash altogether. cash cost money for retailers twice as much as electronic payments and it raises the risks of crime. just this year the danish government loosened its requirement that stores accept cash now they can refuse it after eight pm if you are bank branches meanwhile accept bills and coins the director of denmark's third largest bank has now called for a cashless society by two thousand and twenty five. we believe there will be societal reductions in expenditures in the areas of lower crime rate lower money laundering rate lower drug crime rate lower enrichment rate. he wants a commission to examine the proposal but studies show the young elderly and

handicapped so rely on cash tarus to in other words there's no need to throw out those extra kroner yet. to the ongoing trade dispute between china and the us both countries will hold low level talks later this month in a bit to the result of the escalating dispute the chinese commerce ministry said a delegation led by its vice congress minister will meet with an american group led by the undersecretary for international affairs at the department of treasury the chinese markets and currency have suffered losses in recent months investors have been spooked by washington and beijing stick for tat tat. the chinese economy has lost steam in recent months washington's tariffs have put a damper on investor sentiment since the last trade talks between beijing and washington in may the shanghai composite has declined more than ten percent and the

you won has been falling to the chinese currency has slumped over the past few months it has fallen more than eight percent against the greenback since last may but the ones fall has also helped cushion the effect of terrorists by making chinese goods cheaper that is another sore point for washington which has repeatedly called on china. to strengthen the yuan and it's also demanding beijing to make concessions to lessen its trade imbalance with the u.s. so while these low level trade talks are welcome news analysts warn they may take some time before the two countries come to a truce. qatar has come to turkey's rescue amid the currency crisis and has pledged fifteen billion dollars in investments in turkey supporting the lira and yet turkish industries are having a hard time with the currencies and the economies are turmoil inflation currency routes and a tariff conflict with the us are affecting those who export but not all is lost especially since the sector has prospered in the last twenty years now it's up to

turkey's political leaders to make sure it stays afloat. milne there is so glue has survived a few financial crises during his thirty eight year career the is to bull bass producer of electric parts for cars and buses can still remember turkey's last economic crash that was in two thousand and one when he was forced to turn off his machines the situation today is different however. turkey today has a potential export volume of one hundred sixty billion dollars annually the nation has developed a production based economy over the last twenty years before there was almost nothing produced that could be exported. in that they didn't. well many turkish firms are gripped by losses and fears of bankruptcy exporters like the middle sized know are showing fewer signs of panic after all they continue to bring in dollars and euros at least in part next to tourism turkey's export sector brings in the

most foreign currency that doesn't mean it's safe from the inflation and currency falloff of recent weeks however i got the after them we purchase our materials in part overseas but we still get a lot from local companies lately more of these liveries have been falling through because the businesses have come to a standstill. that the trade conflict with the u.s. would affect only the steel industry is a commonly held belief here because europe is turkey's most important trading partner not the u.s. or russia nearly half of all turkish exports go to the e.u. . and for more on the subject i'm now joined by frank kaiser deputy managing director of the german chamber of commerce in turkey it's good to have you with us good morning to you and thank you very much for joining us on the w.b. now you've been of course talking to german and turkish businesses in these past few days analyzing the situation what can you tell us about the current mood among entrepreneurs after the recent developments. well the colonel who would be very

very good morning percival who. could be described as of course there's a lot of concern. company of course he used. the title and if i am around and i think they're waiting they're waiting for further developments and what would you expect those developments to be is there any sort of prediction of what you think could happen next well of course hopefully we. would like to see that the conflict that rate will be. very quickly because these kind of trade was never benefiting anything anymore and it better be going on of course it would be detrimental to turkey so basically we are looking with many two scenarios the worst case scenario best case scenario right now we would have to

we would have to wait whether their currency is stabilizing and we have seen we have second steps. became a little bit stronger and and. we're trying to deal with i think the main thing is we get the military and predictability it's not so much that. actually russia cannot be validating it just needs to be predictable and then the companies can. you know we saw as you just mentioned earlier recover quite quickly but let's talk about the long term damage especially to the country's image because that might be one of the key issues actually for investors for example how do you assess that. i agree you know if you look at turkey and you compare it with. what in turkey i'm getting

a. new can see that. that turkey has basically. the means in line to be very successful and to create a boom and what you saw at the beginning of this of the century it was that turkey came out of crisis what with hyper inflation which you don't see right now and after that had a decade of brilliant growth so that there's a lot that still speaks for turkey as you point out what needs to be billed as the trust of the trust and for rockets into turkey it's basically basically that frank kaiser the german chamber of commerce in turkey giving us the insight thank you very much thank you very much. and before we go as more and more countries decriminalize the use and possession of marijuana the market for legal cannabis is growing and the industry has just seen its biggest investment yet u.s.

wine and beer maker constellation bought shares worth four billion dollars in pot producer canopy growth the company is based in china where we'd will be legal as of october spending on legal count of his worldwide is expected to more than double to over fifteen billion u.s. dollars within the next five years and it's not just be creation the users that producers are after companies like canopy are also developing alternative medical products potentially giving pharma companies a run for their money. that's all for this edition of the business thank you very much for watching we'll see you next time or whenever we want on the w. dot com stay with us.

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and their continent of africa on the move stories about motivational change makers taking their destinies into their own hands. d.w. multimedia series food for god. d w dot com for go on the most. oh. oh and a very warm welcome indeed to focus on europe with me peter craven and this week we begin in turkey which is in the grip of a profound economic crisis in just one year the turkish lira.