slave wages in the middle of the european union more on bridge jumping the textile industry coming up shortly in business. that is meant those who know us have other business headlines for you that's it for me i'm touching i'll see you at the top of the hour look forward to it i buy. a contentious figure at home. in germany. gorbachev was one of the great heroes of the twentieth century. mikhail gorbachev the last leader of the soviet union was an agent of change. who quickly as his downfall. i have decided to resign my duties as president of the

soviet union. he continues to fight for world peace with the reminder why not should we have to comprehend when peace has taken us today there is a new arms race. with time gorbachev and the opportunity for peace we starts october third on d w. two to look at the. trade conflicts rising debt and rising interest rates it's enough to scare the asian development bank into lowering its growth for costs for the coming year. the end of an era at the time the longtime c.e.o. david satcher stepped down in spring next year making room for the first known job in the comic his driving seat also on the show. textiles made in the e.u.

but are they i think a plea for higher paid from eastern europe. and then fizzle and that's your business the asian development bank is forecasting a slowdown in growth next year if he is a global trade conflicts could hurt economies across the region there are also want to further interest rate hikes in the united states could disrupt currency markets and lead to bad loans but it also says expanding trade within the region could help make up for lost exports to the us asia is now home to more than half the world's middle class. let's go over to andrea hang our asia correspondent who's standing by in singapore and brad just how much of a slowdown is the development bank predicting. well it's maintained its forecasts for twenty eight and there's not very far away now for six the said but it has brought down the twenty nine thousand for cost to five point eight percent and us

down from five point nine percent and while this might be a me a minute percentage it's largely accredited surprise surprise of course to the current us china trade war and the effect of another interest rate hike in the us which looks very likely. it will mean the the feds have already reset interest rates some seven times in the last twenty two months and there's news that they have confirmed that this is going to happen and five more times over the next fifteen months so that is already creating a chain effect. down the line it's a domino effect based on the u.s. inflation and a very solid growth in the u.s. so this is going to be an ongoing exist that's going to happen from the u.s. and it's already affecting and a so-called global currency crisis what the asian development bank says that it could expand trade within the region doing business with other countries within

asia to make up for lost exports with the u.s. can asia really get by without the world's biggest economy. i guess the short answer to that is yes but what at what cost and that very big is going to be at the expense of growth of course. boring costs are going to be pushed up from these high interest rates and that's going to tighten global liquidity is a well that being said currently south asia and the rest of southeast asia they are handling their inflation under control via fuel subsidies in malaysia and indonesia for example and managing food costs in china and india so an economy without the u.s. in it is going to throw a wrench in the works and it's going to be quite a bit of chaos without a real solution in place thanks for joining us with the bad news andrea hang there

in singapore. well united states has more to lose from starting a trade boldin china does from retaliating that's the outcome of a study by the european central bank economists used computer models to predict what would happen if washington imposed a ten percent tariff on all imports and other countries responded accordingly the results suggest that the us would bear the brunt of a drop in trade and investor confidence by contrast china would gain by exporting more to other countries where american goods a subject to tariffs. is leaving his post next year and will go on to head up the company supervisory board is the project comes at a time of turmoil in the german car industry as it struggles to respond to the emissions scandal the prospect of diesel bans and the threat of tariffs from the united states has been a dima for four decades at the helm for the last twelve years will be replaced by the first known german to be in charge of the maker of my savings bonds cars all

are. originally from sweden he's been with nine hundred ninety three and christiane stock is a professor for strategic management at the work business school thank you for joining us on the show why is quitting can you tell us that the no i mean has been there for a long time and i'm presuming morphing into moment because of your challenging coming is way he has done great sorting out the mess that was left after the chrysler a christian and now things have moved on it's about immobility it's about self driving cars and it's maybe not his topic and it's about cleaner cars i mean surely diesel gate. had something to do with it. i don't think so you know even though you know and i'm

a head something wolf and it never hit a company in the same way as fox was hit to when you also look at who replaces him it is someone who has a background in r. and d. who has dealt with the whole e.-v. and claw and mobility solution now you could argue that immobility is partly and oncet to the whole diesel question a. sense yes but it's not so much a decent gate scandal i think is there a reason why i said resigning well moving on what do you think about collating it was do you think he will get these a.v. it calls rolling. i think show you know is taking an approach that step by step they make cars more and more economists so it's not as if you know in just one goal a car will be autonomous but just you know he add more and more features you can already driving along the highway and to some extent you don't leave the car any

zone obvious you have to be deaf but that's what it is moving in and it seems to work and what about convenience is leadership how does a different from sanctions. did i don't know i don't know him personally a sorely to see he he seems to be approachable when you kind of watch him but internally in a much show and a different dialect how would that impact germany's car industry. well that's an interesting question because we see not just dime but also the other car companies moving in that direction and they actually do so in concert there's been a create a creation of here which is a mapping service jointly by b. and w. and dimed because stand stand pro dan main challenge is not so much to the car companies but it's the technology companies from silicon valley who are similar to what happened to hardware producers in computers in the ninety's might just eat

their lunch as microsoft did at a time. professor for strategic management of the board business school thanks for coming on the show my pleasure. is one of europe's major textile produces the due to its low cost structure the average wage for takes a worker is only about three hundred fifty euros that's peanuts especially when you consider bulgaria is and e.u. member state a reason why many young bulgarians and leaving to find jobs in the. gazza dead in southern bulgaria people in this region make their living mostly from agriculture and tourism but many bug ariens also work in the textile industry german entrepreneur bet has been producing clothes here since one thousand nine hundred three when he founded the company pier in texas. they produce men's clothing as well as women's fashion for luxury brands mostly sold in german stores

. two thousand employees work here the average net salary of three hundred fifty euros per month is higher than other factories around the e.u. country. we pay more than average because we expect more than average from our employees. the. quality flexibility and adapting to new products and materials. it's two thirty pm time for a shift change employees have worked hard for their above average salary a few years ago a strike shut down the production line one worker outside the factory though told us the salary still isn't enough to survive on. my mind instead of adjusting our salaries upwards they keep going down and. they have people who time our work then they don't work in the allotted time instead of motivating us and

giving us incentives in the mylan what i want. workers' rights groups are calling for change. the main headquarters for the union representing clothing and textile workers is located in the capital sofia it represents five thousand employees. the more the cause. of why must but members throughout the country report that the standards of targets for sewing cannot be met in one day most of all can see. they often have to work overtime on that i had no. appear in texas bosses currently struggling with completely different problems many young people have left the country and the training center is almost deserted only seven apprentices work the machines the company actually has room for three times as many but the new generation is fleeing to germany or england where they hope to find their fortune

or at least better working conditions. and swedish fashion giant h. and m. has hit back at claims it is still paying its supply chain what is a low living wages the international campaign for clean clothes don't all claims that in factories in vogue area turkey cambodia and india is paying workers just a fraction of a living wage five years ago the company had pledged that by twenty eighteen all workers in its supply chain would be paid a fair wage. and business with. our

own. the floor of our. car culture. car a hair. superman. superfood stylish doglike on. lifestyle during. the

moment. we make up oh but we watch as over half of them under the age of five we are the seven seven percent. want to shape the continent's future to. be part of enjoying african youngsters as they share their stories their dreams and their challenges. to seventy seven percent a. platform for africa charge. like i. just with debbie. any time any place. is a new music video. they have

at the back of the. zones to sing along to come down to just a combo from super. to be a. very close race kind of into active exercises in about i d w dot com slashdot on facebook in the app store. and gem info free w. . how the from berlin and welcome to the new episode of your max here are some of the topics in the spotlight today. on the first stop to occupy people really just going with the green light. to move behind the mosque and

a documentary gets up close to musician friends allas.