no one blames cleveland for instigating the failed two thousand and sixteen true in turkey. still to come here in the w. tesla basilan mosque is in hot water with u.s. regulators they're accusing him of fraud and say he should leave the automaker we'll have more on that story with benghazi one coming right up in business after a short break. 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 measures 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 where peace has taken us today there is a new arms race. of time gorbachev and the opportunity for peace we still starts october third on d w. a lot of. the italian job the nation's stocks a tanking but you leaders in rome pledging a big budget overspend brussels is not happy. in the driver's seat all the hot seat u.s. regulators accuse a lot moscow of securities fraud the test the boss could lose his job. and turkish ties the state of germany's economic relationship with turkey as president or one of his exposure in its currency crisis has investors on edge. i mean fizzle and

let's do business there's a clash in the making the european commission has one to italy to reign in spending now the populist government of rome has agreed to boost its budget the milan stock exchange lost over four percent as investors panicked selling off italian assets. the new budget proposals are dominating the headlines across italy today the draft budget would push italy's overall deficit to one hundred thirty two percent of g.d.p. italy already has the second highest debt level in the euro zone the governing five star movement and league parties say they will lower taxes and bring in income subsidies for the poor but the e.u. is concerned. we have no interest in triggering a crisis between the commission and italy italy is an important eurozone country but neither do we want rome to disrespect the rules and not reduce its debt which is explosive so the motor vehicle whether the truckers that i am very worried about

what is happening in italy. this economic maneuver is not for the people but against the people. it will create problems in the north without solving those of the south it will not increase employment but will put italian savings in trouble and will increasingly put our country in the hands of creditors not only internal but also external. because their plans new debt of two point four percent of g.d.p. was pushed through by the leaders of the two governing parties mateo's of uni and luigi dimaio overruling italy's more cautious finance minister he had pushed for a lower deficit to bring down the country's public debt the mood on the streets of rome is mixed. because of the people and i'm confident because i feel for the first time we're doing something new. i'm very concerned you just need to look at the

market this morning it's losing nearly three percent banking stocks are down five percent. the mainland stock exchange has certainly taken a beating and government bonds have also shot up. joins us from the frankfurt stock exchange the german reaction looks just as dramatic. yes spending you can see here behind me on the docks just after noon when the news came out there was a bit of a shock moment really suddenly phones were ringing shuffling down on the trading floor here and what had happened is the some milano of the italian stock exchange had stopped trading in that suspended trading for a bank stops because they had lost over ten percent at that time at the center it was the bunker c.p.m. the third largest bank in the country that also said it was selling bad loans

and more than people were expecting the top performers today in the early are in the negative minus one percent but what are investors freaking out because this deficit deal from what i can see is still below the e.u. rule of three percent of gross domestic product. yes that's true but that doesn't mean it's going to stay there just because the goal is to get two point four percent doesn't mean that the government is actually going to stick to that and stick to that and still on a collision course with brussels also this wasn't expected the numbers that were floated before were one point six percent the economy minister one oh definitely under two percent so this came as a bit of a surprise and it leaves the italian economy minister in the somewhat weak position looking bad considering the investor reaction what's the potential of this but you know you wrote crisis. right now italy seems to be testing the

waters it's not quite at the crisis yet but it is certainly and analysts are pointing this out very clearly elite is the top threat for the european economy at this point it's been like that for a while having said that. as i said it's not quite there yet we are. we'll we'll have to look at the economic development in the country every country can sustain its moderate growth and standard of the three percent then it might not be so bad so bad next month rating agencies s. and p. and moody's are carrying out their their newest release this will see what they say about the country across them but it's in frankfurt for us. joe and chancellor angela merkel is talking business with turkish president breccia tie a bad one on his state visits a birth in yesterday she said she wanted to improve economic ties but medical also wants her guests to clean up his human rights record the political tension only

made worse by a currency crisis back home and this is why a recent boom on the bosphorus has been mostly date driven this year turkey's external debt ballooned to three hundred ninety eight billion euros that's huff the nation's total gross domestic product and that debt is getting more expensive by the day after washington imposed sanctions on the lira lost forty percent of its value against the dollar so the states will have to pay back heaps more to creditors that have borrowed it's hurting investor confidence the central bank has raised interest rates to fight inflation but many turks are looking to germany for help. america looks friendly yet aloof while. she's sleepy is that the plummeting leader that's how cartoonists to enjoy auckland portrays the turkish president's visit to germany he says turkey's currency crisis

is a huge problem for it's affecting everyone in the country he's had to reduce the size of his security magazine lamont because the price of paper has more than doubled in the last few months. just getting to know the. business in the education and self-sacrifice have always been a part of liking in turkey. losing a sort of especially in our field other than a pixel to the work a little. but now it has become a real struggle to survive and i don't know if we'll be able to make it here. many turks complain about the rising cost of living due to the currency crash and they worry about the future some are hoping germany and the e.u. might step in. but they should help us on others what we don't have a problem with germany over the germans. and waves in germany is our oldest friend

this leaves them to say yeah i could get it to teach him turkish shouldn't have gotten into the situation in the first place i hope everything improves the show a lot you're going to show john j. domo you turks and germans depend on each other but last year relations between turkey and germany hit an all time low pro-government turkish newspapers repeatedly ran front pages criticizing and even personally insulting chancellor merkel accusing her of nazi practices. now it seems the turkish government is looking for a fresh start and look at the mission of turkey's former e.u. affairs minister in one bausch there is among those who want relations to improve the war in syria the unpredictable us president and the currency crisis provide plenty of reasons for turkey and germany to work together he says this is his wish list for the macro add one meeting with. more understanding from chancellor merkel

to turkey sensitivities cooperation with turkey in the fight against terror more business cooperation. to be more. optimistic about thirty years ago can prospects and what can chancellor merkel expect from president out. she can expect from turkey through friendship through cooperation and everyone who knows present. with a greenie that if he makes a promise he keeps it so if she can. to make some promises in exchange of the promises that she will make of course then she knows she will be delivered cartoonist who will be watching the map to add one meeting closely at the very least he says it should serve up enough material for some fresh set. tesla shares have tumbled thirteen percent of the u.s.

securities and exchange commission accusing chief executive ilan musk of fraud yes he says musk knew all was reckless in not knowing that he was misleading at best that's it all started with a tweet. i'm considering taking tesla private at four hundred twenty dollars funding secured this is the message tesla see yo eat on must tweeted to his twenty two million followers last month and here's the response of u.s. regulators who've charged him with fraud. must statements misled members of the investing public to believe that it was virtually certain he could take tesla private at a price of four hundred twenty dollars per share which was a substantial premium over a share price at that time because funding for this proposed transaction had been secured and the only contingency remaining was a shareholder vote. the market reacted to this information and tesla stock price quickly traded out we allege that musk statements were false and misleading because

they lacked any basis in fact. on the day of musts tweet last month test us shares shot up causing the nasdaq to suspend trading for an hour and hops. that cause huge losses for so-called short salary as investors who borrow a company's stock betting that it will fall in a statement issued by tesla must call the allegations of fraud unjustified and said that he was taken action in the interests of his investors test as shares fell nearly twelve percent after news of the fraud charges broke. a strong business of.

walking wonderful feathers. extravagant costumes staged after. the alabang some made by a family business. yes take the place to. scatter a costume for. your woman. i'm

not laughing at the germans because sometimes down but most are laughing with the people german things deep into the german culture. muted seem to take to miss grammont day on the east coast it's all out there enough time rachel join me to meet a gem from the course. of a new zones believed she had not seen the unsub new sounds so called change is not new to these concepts. but. people have put big dreams on the big story. in movie magazine on d.w. . would have been fighting for decades to take you seriously in the world of work

here's what's coming up women strong double. the superhero. smartarse smart stay in the gym bring creasing lean dangerous touch joke for mom. hi everyone the world come to your max before we kick off the show at the red carpet let's have a quick look at what else is coming up today. sather trimmings of the custom made costumes for the locals in paris.