growth downgrade the i.m.f. triggers its outlook for the world economy of course trade tensions between the united states and its trading partners also coming up is the slow death of diesel speeding up all of a sudden of course in berlin rules on a ban in parts of the german capital. this is your business update on how. glad you could join me the international monetary fund has cut its global growth forecast down from almost four percent to three point seven percent it cites trade tensions and rising interest rates the announcement coming at the annual meeting of the i.m.f. and world bank currently taking place and indonesia. the u.s. china trade war is said to make the world poorer according to the i.m.f. and the prolonged conflict could mean more shocks to the global economy. impacts of trade policy and uncertainty are becoming evident at the macroeconomic level while

anecdotal evidence accumulates resulting harm to companies. policy reflects politics and politics remain unsettled in several countries further risks as relations between the world's top two economies worsen other countries could get caught in the middle pakistan a key recipient of chinese infrastructure loans has called on the world's lender of last resort for a bailout a move that could instant washington if i.m.f. money is used to pay off china. the prime minister consulted all the leading economists and after consulting with everyone he decided that we should begin talks with the i.m.f. program for stabilization and recovery on the basis of which we can control the economic crisis as are already trying to go over there it's not alone in needing help argentina has taken on the biggest loan in the i.m.f.

history turkey for its part is still rejecting i.m.f. aid despite its own crisis but it's in venezuela that the i.m.f. forecasts take on unimaginable dimensions that hyperinflation there could hit ten million percent next year. and our financial correspondent joins us now against the i.m.f. has made it very clear it is lowering growth based on moves initiated by the u.s. so how is the news playing out beth. well the i.m.f. is not necessarily famous for being super timely was their forecasts for example when the i.m.f. is talking about emerging markets like turkey like brazil like for instance to having a tough time that's not necessarily new is we've known that and seen that for quite some time and then also the forecast is not super dramatic at least for this year

we are still talking about matching globally. the biggest grows in about seven years and then a slight change in the forecast for next year and for this year the forecast for the u.s. actually still remains unchanged so there was not a big reaction here on wall street even if we traded slightly lower on this news all right yes a do you think the president will take heed of what the i.m.f. had to say. well probably not directly from what the i.m.f. has to say because the u.s. president donald trump is not a big fan of institutions like the i.m.f. but let's say that because of the trade policies because of higher tariffs more and more u.s. companies to build software and maybe we will hear something like that in the next coming days and weeks because their earning season is about to kick off maybe you might consider there are some lobbying efforts on its way here in the united states

from industry groups from big corporations so maybe that could make the president. but we will have to see how likely it is. our financial correspondent games quarter in new york thank you very much hans. google has appealed the use biggest ever and the trust fine of five billion dollars impose for what european union says was the us tech giants a legal abuse of its market domination in mobile device operating says operating systems the company refutes the charges though the case could take years to settle now at the same time it also launched its latest array of phones and gadgets its new pixel three smartphone boasts an artificial intelligence driven camera that automatically picks the best snap the uses it also comes with improved parental control when it comes to screen time for children. but said the google event was

overshadowed by the company's admission though that it had kept a data breach under wraps it said five hundred thousand private uses data had been wrongly shared on its google plus social media network which is now shutting down at least two states are now reportedly investigating that breach meanwhile here in germany a court has ruled in favor of banning up to two hundred thousand diesel vehicles in parts of berlin potentially including models which is just three or four years old the aim is to improve air quality and focus fog in the mission scandal has thrust the impact of dirty diesels into the spotlight and germany's one of a number of countries that has missed you deadlines to bring down their bills of not sure oxide opening them to potential legal action from brussels. a typical evening rush hour seen in berlin. many diesel cars will soon be banned from some traffic their affairs in the german capital. the band goes into effect the middle of next year but will only affect parts of major streets with the heaviest

traffic. the berlin court's decision came in response to a lawsuit by a prominent environmental organization that is not satisfied with the ruling. unfortunately we were not able to achieve car free zones today but the court did acknowledge that creating such exclusion zones would be better than solutions that would lead to to traffic. at least eleven streets in berlin will have partial bans where levels of air pollutants are especially high around two hundred thousand car owners will have to take detours around the exclusion zones. traffic should be reduced in general they just have to see for themselves what it's like here you can barely get across the street. to call because of your plans if you know there are so many cars here it's a bit questionable whether the ban will really help because all the hydration make

the cars smarter then we wouldn't need any bands. and. diesel engines are the main reason for poor air quality in germany the pollutants they emit can harm the loans and cause heart and circulation disease diesel engine bans are already in effect in hamburg ducard and frankfurt now with berlin on board more german cities are likely to follow suit. turkey has announced plans to combat spiraling inflation on private firms to slash prices but least ten percent across the board the government also when else to hold on energy price ikes until the end of the year and an acceleration of sales tax rebates plus firms that export goods can apply for loans with low interest rates turkey's inflation rate rose to nearly twenty five percent last month and the currency crisis has sent the near up plummeting. believe it or not the u.k. has just had one of its hottest summers on record and that's been hard on many

farmers but it has given great grow as a bumper season just as on the european mainland british wine makers believe this will be the season that will cement their reputation as producers of quality sparkling wines. at the chapel down winery about an hour's drive south east of london dozens of fruit pickers are busy harvesting. this year's crop has yielded around sixty percent more than last year. chapel down has chalky soils similar to the famous champagne region of france and they use the same traditional method of wine making data from britain's customs service shows champagne imports for the last twelve months of fall into an eighteen year load that reflects in part the pounds fall against the euro since the bricks at referendum but according to british wine makers it also shows the growing reputation of their product. it's quite exciting to see an industry so young being so successful so quickly and

people are people are curious as to what we're doing down here in the southeast of england and more and more people are trying the wine and being surprised and delighted by the quality of what's in the bottle. but once britain's exit from the european union is complete grape growers face a looming problem a shortage of the seasonal labor force that's necessary for important parts of the great growing cycle is the shelley harvest in early autumn and pruning in the winter months at the moment teams of mostly eastern european workers come in to do these jobs. yes it's an issue in terms of great supply and the wineries in the u.k. it's a big issue in terms of for cans there's lots of fruit that needs to be picked and current so we are not talking and discussing this alone there's a lot of part of businesses across can't have this really top of mind. as

a priority for them and in the longer term the prospects for england's wine industry may will hinge on britain's ability to strike trade deals with countries outside the european union. germany's national mail carrier pos is teaming up with the u.s. carmaker for to boost production of its electric powered streets to the streets go to delivery van has been so successful that the post plans to produce three and a half thousand units a year together with ford's plant in cologne pos began making its own electric vans because car makers couldn't offer a suitable model the street scooter can carry two hundred parcels and is tailored to the demands of urban delivery rates the ford agreement will certainly make the post i mean to any diesel benz. that's it you're up to date with the latest from the wall the business for more do head to our website d.w.

dot com don't forget to slash the business so follow us on facebook and you can find us on twitter as well underscore business is our handle i'll be back tomorrow same time same place look forward to seeing you ben just so. long.

and list all consuming conflict for over four hundred. thirty years turned out of your world. but candidates failed to determine its outcome. in negotiations lasting many years mediators succeeded in each and every moment. it was the burst of modern diplomacy . sixteen forty eight. to produce starts october twenty fourth do you double your. time for an upgrade. grows all by. us with no. design highlights you can make yourself. trans tips and tricks that will turn your home

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