the turkish lira has lost forty percent of its value this year and the effects can be felt nationwide it's a catastrophe for turkey's population and the economy the already high inflation rate is getting even worse imported goods are getting more expensive by the day if they're even to be found new stock at last for pharmacy on a brilliant move to prove relief among staff is palpable the labor is lost in value against the dollar has made some products like this medication to fight high blood pressure hard to come by well. the first sign that something was wrong was that we were no longer getting discounts on large orders you know right now there are around one hundred types of medication that you can't get from. the lira is plunging practically by the minute leaving the people of turkey to watch in despair as their currency nosedives president rich have aired on holds the united states responsible. his talk is of

a trade war albeit one he says turkey will win. that the mood on the streets though is less defiant. should listen the typical good of the less i don't know that i need to finance my child's education i don't know how i'm supposed to manage my pension is worth fifteen hundred lire that's around two hundred dollars one hundred fifty tickets we don't own any property we live from our pensions more and more we're asking ourselves if we're going to have to go hungry god help us. both. and everyone continues to threaten trump with tariffs against us products like apple smartphones. he implied that turkey is ready to go to war even with critics in his own country. social media use it in that there are economic terrorists on social media the judiciary has taken measures we are pushing them with the capital market support and we'll impose the necessary punishment once we

seize them they are all traders most. everyone is also warning turkish business owners not to declare bankruptcy but many businesses still have to shut their doors closed shops like this one have become common places across many parts of istanbul finding a new tenant will not be easy despair is mounting as turks wait for their government to introduce confidence building measures and stabilize the currency in freefall room aside instead making the rounds that uncorrupt will put the brakes on currency exchanges of freeze private assets uncertainty looms over the streets here and panic isn't so far away economist mustafa's in mess thinks the government should step in immediately and increase interest rates. the country has to pay up to two hundred thirty billion dollars in foreign debt over the next two months. you

won't be able to raise this much money with low interest rates if anyone at all wants to invest in such a fragile system right now in the end turkey will have to look for help from the i.m.f. . for tourists these days turkey is a shopping paradise. the fall of the turkish lira so prices tumble. that is if you're paying in europe or dollars. there are long lines in front of luxury stores like this one. but for how much longer. this steel plant in eastern germany exports ten percent of its output to the united states the high and 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 when. we have no alternative but to keep passing on the cost of the twenty five percent punitive tariff to our customers yeah. it's because our american buyers can't source what they need on their domestic market. they have no choice but to absorb the increases. so e.u. firms producing niche products remain in a relatively comfortable position it's a different story for companies making cheap steel for industries like construction u.s. customers can find those producers at home. foreign trade expert focus the air sees an even greater danger of countries like south korea india or china which have sold lots of cheap steel to the usa so far no need other customers.

have it it's been in india it was they won't be able to sell as much to the us now this will lead to a diversionary effect meaning more will make its way to europe and that's ok as long as the economy's doing well but overall when we look at things we can see some very dark clouds gathering in the skies of the global economy. managing director going to hog or even expects that the punitive duties could trigger price dumping on the entire european steel market at the latest when the economy no longer runs as expected and demand collapses. well it's over this is our method of preparing for this is simply to keep an eye on the costs we're taking a close look at our processes here we invest in our melting technology the rolling technology to become more efficient and to survive in the price war also in the future but it's. 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. the german economy grew by zero point five percent in the second quarter. unexpectedly strong despite international trade conflicts. experts see the strong domestic economy which is supported by both private and state consumer spending as the driving force. investments have also increased. the italian government claims the motorway operator out just about a petty tahlia for the bridge collapse with at least thirty nine dead in genoa and wants to revoke their license interior minister south criticised that the company had collected billions of euros in tolls but did not use the money as planned the government is considering fines of up to one hundred fifty million euros. vienna

has replaced melbourne as the most livable city in the world at least according to a survey in the british magazine the economist each year it compiles a ranking of one hundred forty cities assessment criteria our standard of living safety traffic and stability this is the first time a european city has led the list. modern robot technology here it's not used to produce devices but to dismantle them the hong kong administration 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 they get disassembled in a very cool state and that's where the principal concern we should not be exposed

to. life hong kong 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 is 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 transshipment 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 and mario showed to supervise the planning and construction of the plant with its one hundred forty employees he not only had to make sure that the garbage was disposed of properly album must also ensure that electronic tracking makes it possible to trace which devices land where . he's supposed to give it to you as soon as equipment is discovered that may not

have been on the market in hong kong but may have been imported we sorted out of mediately and we reported to the environmental authorities who for those of you in the middle of this if you love that's what. their employees can join in at any time via 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 electrical waste. but when it comes to the company this is just the beginning. it was a great opportunity for the german technologies to be exported to this region because it's been recognised electronic waste is a global problem and china has said it was the whole thing that new electronic buy facilities get patent career looking for an enhancement and right through the rest of the week you want them to singapore where they're also looking to have quite a waste of my. 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. robots are learning to implement increasingly complex processes more and more independently sometimes the humans are left behind. these little guys won't be competing at the next world cup just yet but they do help students to program complex tasks. you have to program the movements then make sure that the robot with its cameras can recognise and distinguish things for this you need a lot of programming knowledge and theory and then you have to consider a lot of other factors. you know and. training specialists are only one part of china's ambitions in robot development the world robot conference in beijing is

also a showcase for local industry they want to be world leaders not only in singing and dancing but above all in industrial robots. made in china twenty twenty five is the strategy to make china the leading nation in robotics. but we have to be careful that we continue to maintain the leading role that we certainly have at the moment in europe and especially in germany that we can keep it. robotics will be one of the driving forces of the economy in the coming decades china and europe agree on this the only question is who gets away from whom and that was your business week in review.

into the conflict zone with tim sebastian something challenging those in power asking tough questions reminding us. as conflicts intensify i'll be meeting with key players on the ground in the senses of. cutting through the rhetoric holding the powerful to account that the conflict. conflict zone with tim sebastian on t.w. . losing the country to. his work god is fortune out. of the mind stroke and fatal play. beethoven faced twenty two. his creations. his brand comes thinkable colors got that icon of the fashion. look what do we really know about the man feet high and the dark

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