or are asking for help to identify it's now. you're watching did n.p.r. news still to come it's been a hot dry summer in germany and farmers have lost large parts of their crops to drought now that's simple prices are rising including those staples of a good german salad potatoes and cucumber. monica jones we'll have that story in around about your business headlines coming right up. there they're. going to. love music we've

got you covered. congress for w. i'm not over out and they will not succeed in dividing us so i don't not succeed in taking the people off the streets because we're tired of the stick trying to show that. taking the stand global news that matters. made some minds. at the. german consumers have to brace for a major price hike the long and hot summer damaged much of the country's agricultural produce price jumps of up to one hundred and thirty percent on the results. also on the show ten years on from the global financial crisis inequality remains. a problem in asia. and they left during spain's economic crisis

now the time has come for spanish experts to return home again. welcome to do business there's a shortage of potatoes here in germany and prices are set to rise this year's harvest came in below expectations as record temperatures and no rainfall hit most farmers badly several crops failed at thousands of farms the german farmers association asked for one billion euros in aid from the government but to berlin pledged less than half of that amount the government said it would get from a three hundred forty million euros and that means that farmers may have to pass on some of their losses to customers. for more let's cross over to our financial correspondent who today moved away from the front the trading floor to do some grocery shopping so cannot tell me how this long hot summer affecting the price of fruit and vegetables where you are. well monica prices are up of course take

potatoes for example the decline in the harvest this year is expected to be up to forty percent compared to syria and that's why the prices for potatoes are farmers markets like this one here in frankfurt are up around about thirty percent compared to last year other price increases of other products even crasser the prices for q cumbers have risen one hundred thirty percent since last year because also produce that is. cultivated in green houses has suffered from the unusually hot some of this year the wine makers in germany are not talking about price increases for this year's vintage yet but they already say that the qualities of the it will be exceptional this year especially of course for german white wine

but also german red wine has been getting better and better because of all the some that the grapes have been getting this case and then we have to purchase our fruit in a liquid form in the near future but let's talk about another fruit apple because apple is expected to present i phones right. that's true apple is predicted to present three new i phone models today and potentially an update of its pull watch but monica i can tell you people in the financial markets would rather hear a little bit more about the threat for apple's production lines that supply chains this threat comes from washington the u.s. china trade war is having a very negative impact on apple's supply chains as apple is fabricating so many of its products in china. you know china has become a more and more important market for apple two so it's not as easy as donald trump

wants to see it apple cannot simply shift its production from china to the u.s. . and in frankfurt doing some grocery shopping bring us something please and thanks for the update. it's the biggest world economic forum in the ass in the region to date ten countries that are part of the association of southeast asian nations a currently meeting in the capital hung noir to discuss economic challenges inequality and to digitalisation. the cleric's reports. business has been down here for years but there's little digitalisation apparent in hundred days old town. just a few kilometers away however visions of the future are being discussed this huge congress center is in the modern business district of the vietnamese capital and it's here that the asean world economic forum is meeting never have so many southeast asian leaders attended the yearly event.

vietnam's prime minister is promoting the region he says asean is already home to the world's largest economy digitalisation would drive growth further. we've been the world's factory until now that creates growth but now we'll see faster growth through innovative ideas it's in. the move. but the downsides of a technological revolution are also being openly discussed in hanoi millions of jobs could be at risk and inequality could rise especially for women. what we're seeing with the digital economy and as it grows is that the great strides that the as young countries have made in closing the gender gap is actually widening again. we're seeing that women have less access to the internet less access to mobile phones. every person should be able to afford

a smartphone that's one of the demands here that today at least would give everybody access to the digital economy. this week marks ten years since the collapse of lehman brothers an event of triggered the global financial crisis and the impact could also be felt in asia already struggling with inequality especially in countries such as in the mission and india under this however managed to narrow the gap between rich and poor also thanks to the action taken by one social entrepreneur. there this is a school in a poor neighborhood of data here children from underprivileged families have an opportunity to get an education. good you or anyone know what lay has an op ed found at the school he gave up his career as a corporate executive to establish brock in one nine hundred seventy two it's now one of the world's largest non-governmental development organizations it operates

throughout bangladesh and in ten other countries in asia and africa it's a stoppage tens of thousands of schools launch community based health care programs especially for mothers and young children and provides micro credit so women can start their own businesses extricate people from poverty from different angles not just improving in the when employment but also improving you know unities so that they can. exist to education access to health care and access to a more dignified like that for people. in the newly industrialized countries of asia the gap between rich and poor is vast and growing according to the asian development bank the income of highly skilled and educated workers has been rising while the last of the low skilled has been declining. in indonesia wealth inequality is particularly extreme class and education are key factors but also gender

a study by oxfam fans that women's wages across asia are between seventy and ninety percent of men. european commission president john claude younger ones a bigger role for the euro in his state of the union address he called for the e.u. to do more to promote the euro as a global currency and play the blocks currency can challenge the us dollar euro has said it is absurd that the pricing of e.u. energy imports is in dollars he wants it to be in euro's so that european bias no longer have to take into account the exchange rate between the euro and the greenback. of the lehman brothers bankruptcy and the following global financial crisis also hit europe and it triggered the eurozone debt crisis spain slipped into recession bank customers lost their savings home owners lost their homes many people left spain back then to make ends meet in another country and now with the spanish economy picking up again most of them are returning home. posing a man with out there doesn't care what kind of work he gets the main thing is it's

in his hometown in southern spain his job as a waiter is only temporary at the end of the holiday season he could be unemployed again. so that i just came back from germany in october and i could get unemployment benefits and sit at home calmly but i think it's important to take advantage of opportunities it's always good to have a job in your home so you can afford the long winter we have in cheap yonah it's difficult to find jobs here. jose lost his job as a salesman when the financial crisis hit he packed his things left a wife and children like thousands of other spaniards taking his last two hundred fifty euros jose flew to munich. it was completely alone in a country in which i tried to overcome the obstacles and finally managed to work for almost six years at different companies i worked in different sectors and i thought i was in the meantime but as i thought how much i thought it when the

situation in spain began to improve he decided to return economy experts project economic growth of two point five percent this. here the unemployment rate went down from twenty seven percent and twenty thirteen to fifteen percent now even if many jobs are temporary like jose's. i've worked my whole life as a salesman in many sectors in many service companies i've worked in all sorts of jobs from being a salesman to a general manager of a company right now i'm working as a waiter and i don't have a problem with it because i think any job is respectable and i've learned a lot here maybe it'll help me in the future in the federal for a. jose has a seventeen hour working day but he can take breaks to go home and see is loved ones he says the future looks bright for him and his family and the best part is they're all back together again. new york is now the world's most

attractive financial center that's according to the latest financial centers index of the rankings are based on infrastructure and access to professional stuff london is now second to new york the u.k.'s decision to lease the e.u. has made the british capital attractive for its access to the european single market post the brics it remains uncertain so several major financial institutions are moving jobs from london to other cities in europe including i'm saddam and from foods. that is your business update here on d w at this hour don't forget you can always find out more on our website or you follow us on facebook and on twitter i'll be back with the latest in an hour as you.

want. to. rise and shine time to cast off. is taking an outing and welcome to my hamburg summer tour always pretty close to the border and there's plenty of it in this city. in the.

next on w. . money money money the bankers feeding frenzy continues unabated ten years after the lehman brothers collapse. the players that change. financial service providers are giving banks run for their money. are they on a wall to the next big crisis. made in germany in sixty minutes on d w to. lehman brothers ten years on a story of ambition greed and megalomania. we're

so clever the reason the control of the rich that is what the mood of investment bankers cultic ourselves with never stopped everybody was wrong or wanted to ignore the reality that the whole thing might blow up in my face because of a system that spawned out of control. problems that will. cause them to feel the crushing investment bank lehman brothers start september thirteenth on t.w. . and .

as they say here in the north in hamburg on the album i spent the night on this house by.