the four billion dollars a year are spent on by muslim women on modest dress. contemporary muslim fashion the first of its kind dedicated to displaying islamic culture within a fashion context runs until january. they're watching it every news and this is what's ahead hotels in amsterdam face a crippling stock shortage and they're looking to refugees to fill the vacancies is up next with the details and i'll see at the top of the hour. your link to news from africa around the world join us on facebook at g.w. africa. time for an upgrade.

our furniture there grows all by. our house with. your design highlights you can make yourself. known stoops in tricks that will turn your home to a special. upgrade yourself with v.w. interior design channel on you tube. at. the u.s. says european companies are bowing to its pressure and leaving iran but for declines to confirm its falling out of that market even after u.s. ambassador to germany says the carmaker would do so. and of the largest part of the migrants who arrived in europe three years ago still haven't found were. but

with job markets tight some employers say they might be able to help. you. it's good to have you with us the u.s. ambassador to germany says and chemical company b a s f will shut down operations in iran he sees it as a result of the trump as a trade administration's combination of sanctions and threats against anyone doing business with that country well neither of the companies has confirmed this version other german giants have already left the iranian market the e.u. is trying to encourage european businesses to bypass u.s. sanctions but it seems like some big players are not willing to take the risk. in return to do business in iran last year after a seventeen year absence the german auto giant said it wanted to reestablish its business in the country it signed contracts to import several vehicle models to run other german companies like b a s f also investing in iran but could there be a u.

turn the us ambassador to germany richard grinnell said b.s.f. is now exiting the market he tweeted. will comply with u.s. sanctions on iran. has yet to respond and neither has you at least not directly the carmakers says it's complying with all the relevant and export regulations one of these is an e.u. law that says european companies don't have to comply with the u.s. sanctions on iran but more companies are choosing to play it safe and they fear doing business in iran could hurt their access to the u.s. market that's why carmakers operated and communications company door to telecom have all seized a pivot he's in iran. for more let's bring in d.w. correspondent terry shows joining us from brussels terry it's good to see you let's start looking at the position of the companies because no matter how you look at it

they are certainly quitting or at least becoming very cautious in general terms with their own business and they do have a very difficult situation right now to. that's true having are there under pressure from both sides the u.s. says that it's going to sanction any company doing business in iran the european union has updated its own legislation to pressure companies to stay in saying it's going to be illegal for companies to pull out of iran based on the u.s. sanctions threat so the companies are really put in the middle and and while brussels says it will back them up by allowing them to sue u.s. companies or even the u.s. government in national courts that doesn't seem to be convincing to companies right now who are risk of losing of course possibly millions or even billions of dollars if the u.s. puts them under this pressure of sanctions let's look a little bit more into these measures by the e.u. they introduced a so-called blocking statute meant to protect you companies so they keep doing business with iran can you give us details on how does it work and most of all is

it really effective. well it's never actually been put into practice and that's of course why e.u. companies are doubtful that it really can shield them from the u.s. wrath over doing business with tehran what it would do is allow them to take to court and entity which which causes financial harm to them but this is only been attempted one other time under the clinton administration and it was actually the u.s. that backed down that time so this is never actually been seen to work yet and companies are you know can be forgiven for thinking they don't want to take a risk with that while the u.s. sanctions are of course a much more certain fate if they do continue business and as you mentioned v.w. and b.s.f. have not been clear about what steps they've taken despite the u.s. ambassador's tweets they're saying that they're going to comply with all national and international laws it's difficult to see how that will work out since at the moment u.s. and e.u.

laws seem to be. basically butting up against each other it would be difficult to comply with both sides it is certainly mission impossible no what other measures do you think could be introduced to protect the companies of that legislation or support is not really effective. there is in fact a new attempt being made by the european union with what it's calling a special purpose vehicle they're trying to set up a financial company that would be sort of the middleman so that the e.u. could companies in the e.u. who want to do business with iran could transfer money to this this financial holding company and then iran could transfer money there as well that would shield banks that would shield companies from being seen as doing business directly with iran but this is something that is only starting to trickle out we only learned about this last week and it hasn't actually been set up yet so nobody knows exactly who the owners would be where the initial capital would come from even where this financial company would be located but it shows that the european union isn't rolling over yet in the face of the u.s.

sanctions turtle's breaking down this very complex situation for us in brussels thank you very much. china is planning to slash the average tariff rates on imports from most of its trading partners as early as october according to news agency bloomberg the move would come after china imposed tired uni's on sixty billion dollars worth of u.s. products this week in reaction to washington's new tariffs on chinese goods it's not yet clear to which countries the reduced tariffs would apply and six month analysts see china's reduction of import taxes as a signal that the world's number two economy is continuing efforts to reform and open up its market trades disputes notwithstanding. saying in china founder jack ma promised to create one million jobs in the united states let's not forget but now he's retracted that pledge the billionaire owner of china's biggest shopping portal make that announcement in january last year in

a meeting with donald trump just before his inauguration as u.s. president but ma has now said that the u.s. china trade war has quote destroyed the original premise so india was to set up one million jobs by helping american entrepreneurs to place their products and ali baba of the plants by ability was met with some skepticism at the time it was considered a notable sign of economic ties growing closer. migration is on top of the agenda at the e.u. leaders summit in austria there are worries that the russian syrian offensive in it live could spur another wave of refugees at a time when the debate over mass migration has split so side is in europe including of course germany a substantial number of people see migration as a threat facing their country but others look at refugees as a welcome addition to society and to the economy many you economies are nearing full employment and jobs remain unfilled in particular those the locals don't really want to do. this hotel in southern amsterdam is new and trendy there are

even fresh vegetables growing on the roof but despite the calm impression the hotel industry in general has a problem not enough people want to work there thousands of jobs need to be filled each year so for the first time amsterdam has organized a job fair for refugees today it's all about the perfect match. nina schmitz works with an organization that integrates refugees into the hotel industry and that integrates them into society. there to take and work it helps people to learn the language quickly and provides an income but it also helps them to get to know a new country faster and integrate into the community. what sounds unpause shows up for short interviews similar to speed dating rounds with hotel management . in syria he worked for a medical company now he'd like to greet guests at the hotel reception desk but

he's open for other suggestions to start somewhere. but they always it's right if i'm going to start from a lower level i just try to make sure that there is a development chance the workers demanding both cleaning the guest rooms as well as in the kitchen employees often work in shifts and you don't get rich in the process all this makes hotel employment unattractive for many dutch people was he knows there are always jobs to be filled at the reception desk he works to convince the staff he's ready to take on the job in just a few minutes giving people information will can then make them happy so you'll be informative. if they just like wassim the other refugees interview in english it's the language most commonly spoken in hotels across amsterdam also like was seen most of the refugees have little to no experience in the business that's need to belong the most important thing is not necessarily their education but rather

their motivation we have hotel management schools that are well equipped to train people for the kitchen or reception. sipsey. two and a half hours later the first job fair for refugees is complete and in his pocket was seen has the invitation for another more detailed interview. to not so upbeat news hackers have stolen sixteen million dollars from a japanese virtual currency exchange called safe the company said the hackers made off with six thousand bitcoins plus an unknown amount of other virtual currencies following the hack the company said it had reached an agreement to sell the majority of the it's worth half a billion dollars. before we go luxury british carmaker aston martin says it is seeking a valuation of five point seven billion euros when it goes public next month the company made famous by james bond five films will become the only car maker to be listed on the long live stock exchange pass mark this as the i.p.o.

will go ahead with or without and that it has stockpiled engines and other components however it says restrictions on the free movement of goods could affect supply chains costs and would prove that most of the aston martin suppliers are each companies. and that's all for business thank you very much for joining us remember you can always stay up to date with the latest business headlines on our web site www dot com and follow us on social media to see the.

journalists discuss the topic week until it has once again be. saying that the. thing that binds the coalition together it's a mutual mistrust so what does it mean for germany and for europe find out shortly puerto rican. quadriga next on d w.

a contentious figure at home. in germany. from the fall of the early. to german reunification. and the end of the cold. war much office one of the brit hume most of the twentieth century. gorbachev the last leader of the soviet union was an agent of change. quickly measures downfall. i have decided to resign my duties as president of the soviet union. lost. but she won historical but i'm sure of one as a person. she continues to fight for world peace with the reminder by unit which

we have to comprehend where this has taken our search for today there is a new arms race. our time gorbachev and the opportunity for peace wasted starts october third on d w. good. fellow and a very well mummy day to quadriga coming to you from they are also bird laden exactly one year after the last september's national election angela merkel's government is this week. again been threatening to fall apart of the scene the latest bone of contention was. the head of germany's domestic intelligence agency was ousted from office on tuesday after damage in coral within the coalition over.