of creative people and innovative projects around the world like to use that protect the climate boost clean energy solutions and reforestation. using interactive content to inspire people to take action. series of global three thousand t.w. and online. fresh off a warning from the i.m.f. of the brewing economic storm fueled by trade tensions all over the world u.s. investors are now bracing for recession talk at home. fears of another government shutdown aren't helping. and as you round marks the fortieth anniversary of its islamic revolution europe hopes a new scheme will keep the trade alive in the face of us and.

welcome to your business update i'm to know that we're not in berlin thanks for joining us. the international monetary fund has warned of a possible economic storm brewing as growth that misses expectations of the world the government summit in dubai i.m.f. chief christine lagarde cited trade tensions and tariff escalations uncertainty over brags that a weakened chinese economy as reasons for slowdowns last month the i.m.f. lowered its global economic forecast for this year from three point seven percent to three point five. so as a result joining me now is our financial correspondent yan's court in new york dns good to see you now all of this sounds like a repeat of previous warnings we've already heard from the i.m.f. this time at the same event however we've heard about recession talk so how seriously are they taking this in wall street. it's really fascinating to see

because there is a lot of talk but little action and meaning yes traders and the financial industry is talking about those headwinds for quite some time or as christine lagarde put it there are a couple of clouds forming that could eventually result in a storm among those clouds we see trade we see brics that we see monetary policy cooling of a growth in china and christine lagarde for instance did not even mention that profit growth in the u.s. is actually slowing quite a bit but still the market keeps going even here on monday we solve very tiny losses was the dollar jones industrial average was other than their markets kept getting to the upside and we've been already up for seven consecutive weeks ok so markets shrugging that off but that doesn't mean that the issues stand there as they are obviously having to start the week with this deadline to a virgin a u.s.

government shutdown looming over their heads now but it's not looking particularly good on that front as it. now but still talking about writing it off. even seen it a couple of weeks ago when we experience the longest shutdown in u.s. history and the u.s. economy did take some harm but still markets traded to the upside nevertheless i guess there is a high end centers for democrats and republicans to come to an agreement by the end of the week but then also u.s. president donald trump would need to agree to it we saw talks over the weekend stalled they continued to europe on a monday so well the clock is ticking there isn't that much time. to come to a solution yes quarter there on wall street for us thank you. to britain now where ministers are scrambling to pin down deals with its trading partners at

a bragg at the end of next month now e.u. trade pacts cover about seventy countries so the loss of e.u. membership means the u.k. will need its own agreements and place immediately after now it's unlikely that the u.k. will be able to replace all its existing trade arrangements in time but today it managed to add one more with switzerland. these signatures offer a little bit of security in stormy times or so it's hoped a new trade pact between britain and switzerland will define their post break that relationship that's important because until now trade between the two economies has been governed by e.u. rules the new contract says the relationship will remain the same even if britain leaves the e.u. without a deal a welcome status quo in times where brags it is just one of several sources of uncertainty. interconnected global economy if the chinese economy can slows down with seven point six percent drop in chinese imports in q four of twenty eighteen

that's likely to have an impact on the major exporting western economies we see not for example in the don't greeting of german growth projected for the next year so the idea that the brics it is the only factor affecting the global economy is. is just to miss the point economists and business leaders are in fact quite alarmed the economic climate that is the state of the economy in their eyes is the worst it's been in seven years that according to a survey of experts for more than one hundred twenty countries the fear is that consumers will rein in their spending and that companies would therefore invest less world trade would suffer not the best time for braggs it. a study by germany's live in its institute for economic research warns that a no deal brags it would in danger one hundred thousand german jobs especially in car manufacturing france could see fifty thousand jobs disappear even more in china globally about six hundred thousand jobs are considered to be at stake.

the consequences for the u.k. are also coming into focus a study by the london school of economics shows that many british firms have already shifted operations to the e.u. british investment the block has risen twelve percent since the braggs a referendum in two thousand and sixteen a rise of some ten billion euros. on the fortieth anniversary of the islamic revolution iran faces political and economic hardship especially with the reinstatement of u.s. sanctions but the country is not without economic allies even reluctant ones to circumvent u.s. actions the e.u. has created a special vehicle to keep cash flowing towards iran hopes are high that it just might work. from health care devices to orthopedic implants iran has a solid track record of producing medical technology. only a maori i'm a yari started up his company nine years ago today his specialized screws and bone

plates are sold in iran elsewhere in asia and africa and most of all in the european union's. business is booming despite reimposed u.s. sanctions against iran the main problem for the entrepreneur is the fact that he run has been disconnected from the u.s. dominated payment system. this situation all of the problem is to transfer money and then we can work with the other consuls in bed medical equipment and medicine but about that transaction of the money we need to look and to find the new rules to do business. his company which started out in goal is done province in northern iran now employs more than one thousand people production is completely automated.

our computer controlled machines can carry out every possible step in production. we no longer need to have different workstations is always completely automated. the medical plates being milled out of titanium and stainless steel have international certifications and are approved for use in numerous countries. and because they're often cheaper than the international competition demand is high. ali yari arranges more than half his exports to the european union at international trade fairs like here and just the doors he's hoping that the ease recent efforts to set up a legal payment mechanism to bypass the u.s. sanctions will keep him in business with western firms in this case the sand to europa and you buy something. from your open especially to pull something

for spare parts for almost everything that's new to manufacture. many european companies such as this manufacturer of neurological diagnostics devices intend to continue their business with iran with the support of the e.u. . and us way lies economy has shrunk by more than half to auto power and twenty thirteen sanctions have crippled its oil industry and its ability to borrow money now mother zero has been turning to gold calling on freelance prospectors to extract the precious metal unprotected by any regulation. if every operation armed with only picks and shovels these miners in southern venezuela are risking their lives digging for gold there among an estimation three hundred thousand fortune hunters in the country making a go of pulling gold from makeshift mines many of them feel they have no other choice. like there's

a lot of malaria here it's dangerous down in the mines there are collapses things fall on you when somebody themself actually fail you could get buried god forbid there are risks but you have to keep working how else can you support your family you know that. their work is helping to prop up the government of embattled president nicolas maduro page in the country's near worthless bank no. the amateur miner supply the government with desperately needed hard currency. you can sell to the venezuelan central bank and to the venezuelan state development bank these are the two places you can deliver the metal they pay a good price there is a private sector but it pays a lower rate than the state. then as well as

sells most of its gold to turkey its president ret of tired area two one is one of materials closest allies the proceeds are reportedly also used to buy desperately needed food from turkey opposition politicians accuse on korea of supporting an illegitimate regime. and outs are business update for more you can always go to our web site that's t w dot com slash business or follow us on facebook and twitter i'm john album alone in berlin thank you for watching.

take a closer look at modern culture from the. culture of. the subcontinent to economics has made billionaires. alex the a misfortune to come to him as

a machine looks. stuck from your brain to. the sofa crimes against humanity. civilians become witnesses. their record of images travel around the globe via social media. is for example a fictional one is fact. digital investigators combing through the flood of images they combine sources try to reconstruct what happened and to substantiate claims of crimes. thanks to this video recording of the soldiers who shot the young man is on trial now. forensics between bits and bytes.

painting again. evan in. civvies chance because justice is about the truth. truth detectives starts on february fifteenth on t.w. . hello and welcome to a new week about some culture robert merrill is a quick look at what's coming up today. on the fortieth anniversary of the iranian revolution we're joined by filmmaker marion's are a born in iran's most infamous political prison a documentary born in evene premiered at berlin's international film festival. she was a love addict and a serial cheater and wasn't afraid to write about it as part of

a series on classic german books we look at the poetry as alaska's shooter and her nine hundred twelve confessional my hols. thoughts we begin with a bollywood film with a difference golly boy had its world premiere international film festival over the weekend yes so a love story like old bollywood movies but that's where the similarity ends it's about a poverty stricken indian family whose song rights angry hip hop lyrics and smokes marijuana and he got standing ovations at the premiere. which got me boys about rap loud and freedom from society's expectations for everyone at the i think the whole focus of it was. a guide even to pay. enough that the nickname going to say die. and.