line of story. with exclusive. the must see concerning. place to be curious minds. do it yourself networkers. subscribe don't miss out. as turkey's economy teeters before local elections in march president sets up government controlled markets and plans foreigners for his conference predicament even as he turns to the e.u. for help. also coming up when the plane. just isn't enough to press the neighbors a super rich super fast with high tech hydrofoils. internet from space. to provide internet access even to the most remote areas of the

planet's. this is t w business. of course we're going to have a quick check on how markets reacted to the summit breakup in vietnam but first to turkey a high ranking arrives for talks and today to discuss trade debt and deeper economic cooperation he's economy is suffering inflation over twenty percent in january even though the government blames traders for the price hikes energy transport and production costs have dramatically risen to after the depreciation of the turkish lira over the summer now president obama set up makeshift government markets to sell produce at lower prices. shoppers endure long lines at this large tent in istanbul neighborhood to save money at the government sponsored market itself spinach tomatoes and peppers as well as many other popular products at highly

discounted prices turkish president richard eyre to once government has established dozens of these temporary stalls in turkey's largest cities in a bid to mitigate the effects of soaring food prices that have stunk turkish households. get it big it's many some not people who live on minimum wage can't go to the neighborhood bazaar or market we go to the market to buy scallions scallions or five lira and in that five they are a bunch of scullions or five pieces when there's no neighborhood bazaar we're forced to buy from the market and the markets see that as an opportunity to abuse people's goodwill these regulated tents have been very good for us into the lead to appeal to the me to these discount stalls were quickly set up after everyone promised to cut out sellers and middlemen he accused of increasing prices the move comes just over a month before everyone faces local elections on march thirty first right away prices and an economic downturn could cost his ruling party some key municipal

seats in campaign speeches i don't want to portray the economic downturn as a foreign plot against the country and has vowed to fight food price hikes in the same way that the country has fought terror groups everyone announce that the government markets will continue to operate until the local elections and he's even threatened to make them permanent following the vote if merchants continue hiking prices. john is a professor of economics at the university of applied sciences and constanza germany good morning professor they all say there's a high level e.u. delegation for talks in istanbul today is the even the political will in europe to help out on the economic li. i think it's very important here to distinguish two challenges turkey is facing we have this depth driven financial crisis there to europe is not going to be really able to solve the problems of turkey debts an issue where turkey have to cooperate with the i.m.f. the reason for the european a high level representatives visit is to see in from

a different viewpoint it's a question about the future of turkey's integration into the european economy one need to remember the success of that turkish economy in the last decade was based on a european turkish custom humean but unfortunately this customs union is no longer working properly just a short example europe has a free trade agreement now with japan and this will result in a reduction of production facilities of japanese companies in europe they will simply export mode from japan and that is also hitting charkhi because japanese companies were producing their own a because the country was very very competitive now that visit is most likely to tackle this question about how the turkish economy can be linked but i do not really expect a clear statement out to do with it because we have also not only in turkey elections but also in europe and that turkey is a buzzword when it comes to relations between turkey and the e.u.

at the moment my expectation is it's an attempt to normalize the political relationships and hopefully this will pave the way for solutions that the second half of the year will do you think people show that discontent with that one over the economy in the upcoming elections briefly if you can. they call me is a major issue i me and that the government unfortunately has applied means for the short term just you know price ceilings on the market that helps for the consumers in the short term but in the long term business is destroyed how can how can the government accept lower prices and the minimum wage increases also destroy increasing unemployment that will play a role i'm i'm sure that people are mature enough now to see that this type of policy is not helpful in the long run and i'll stay in there thank you very much for this analysis thank you and here is

a round to some other global business stories making headlines today. been caught off guard by a drop in industrial production in japan last month it's down by three point seven percent from december before was steeper than expected and represents the third month in a row of decline this despite a return to growth in the japanese economy. as more signs of a global slowdown and impact of the trade dispute between china and the u.s. factories in china produced fewer goods for the third month in a row in february the results of weaker demobbed export orders also fell to the lowest level since two thousand and nine. german automotive components make sense absolutely so often is in takeover talks with us belgian breaks manufacturer event co the combined company would have about forty billion euros in annual turnover creating an automotive component supply all the same scale as germany's

bosch or continental. now as promised let's have a quick check on the markets can i put in there in frankfurt has there been any reaction to the premature end of the trump kim summit in vietnam or other things on trade as minds. well get out there was a bit of a disappointed reaction on the stock market in seoul south korea here in frankfurt and most other european trading floors the talk of traders has shifted back quite quickly to economic topics again remember today we'll get an update of the fourth quarter g.d.p. for the united states the gross domestic product the growth data from america it's expected that the significance lowdown will be reported softer consumer spending and weaker american exports what's more there's a lot of mergers and acquisitions talk going on you just mentioned pretty soft and we also have the german mark making a five point nine billion u.s.

dollars takeover bid for the american company verse of materials and there are reports about a potential bidding war for a large chunk of universal music which the parent company vivendi is putting on the market both ten cents from china and k.k. are the investment company from the united states are said to be interested the valuation of this part of universal music is estimated to be up to twenty billion euros. kind of a takeover shopping spree shopping spree going on there who isn't in france or thank you. in case you haven't noticed there's a new space race going on who will be the first to build new telecoms infrastructure in the skies the first six satellites have just been deployed from a launch site in crew for it's a new cost effective way to bring high speed internet to even the most remote areas

of the world by using mini satellites orbiting much closer to us than the older models. three two one and lift off arianna space has six one web satellites on board the pioneering venture has financial backing from some powerful players air bus. and the virgin group and it has big plans to bring the internet to those regions in the world that have scanned or even no access to it there are in mexico a hundred twenty thousand schools that don't have connectivity and if you're going to have a child who's going to be a participant in the modern economy and have opportunities they have to be connected it's not a choice anymore kind of to these in this city and so just imagine twelve years of schooling without contact every this is twelve years of schooling with connected

it's a total difference in the outlook one website plan is to launch twenty soyuz rockets per month each with dozens of satellites on board until there are two thousand satellites orbiting the earth they'll do this at an altitude of just one thousand kilometers the concept is convincing and it's attracting other players too including space x. for now though one way is leading the way. now three. principle comparisons which is. also plans to put a large network up there we think our network is going to be a better network and it's going to it's going to happen. but having said all that there will be enormous. enormous demand for our network and we can both live alongside each other. asked for the satellites once their work is done they'll reenter the earth's atmosphere and burn up turning not into space debris but

manmade falling stars. more than four hundred boats have been sailing into the united arab emirates for the weeklong dubai international boat show from glamorous super yours to catamaran since pete both as everything just make sure you bring enough cash. one of the main attractions this year is a luxury hydrofoil speedboat by u.a.e. based company and the vessel has been nicknamed the flying yacht so when i say flying yachts what i mean is the entire boats part is completely out of the water the foils are the only thing that are in the water and how it works is imagine the wings of an airplane that under the boats connect its and then the wings lift the boat out of the water was their wings are still in the water the price tag eight hundred seventy thousand dollars most of the craft here much more sedate but they also make the a not

a foil or look affordable. this one hundred twenty foot long vessel is built in italy to individual customer once it will set the discerning voter back around seventeen million u.s. dollars exhibitors say that yachting is growing in popularity in this oil rich country a new marina is expected to open in dubai harbor in twenty twenty boasting more than a thousand births it promises to be the biggest in the middle east and north africa the united arab emirates hope to put themselves on the map as a cruising destination for the ultra rich. and that's it from me that interview business to that stage.

today don't miss our highlights w. program on line w. dot com highlights. the players. take. the stage. in a good game of power and money the competition is fierce the most important natural resource for bluffing betting checking how much will they be able to play and

who will win their school we believe that renewable energy playing for the role in the future. of the game but you can look at the list starting. tito. hello there and welcome to the latest from arts and culture i'm karen homestead and here's what we're in for on today's program. while a hundred one sallis inyati to the mexican director of the oscar winning films birdman and the resident has been named president of this year's cannes film festival jury. spies in the family the personal story of german author dick pounds is the stuff of a new novel and sheds light on how germany's legacy of espionage is still affecting

generations in berlin. and in our series baking bread matters takes his skills to new heights with the austrian kaiser roll. so that was looking good but we're starting with some exciting news on the festival front and i'm joined by my colleague scott ross for our film expert scott can has just announced the new jury president for this coming may so tell us about yeah i was on. to the fourth time oscar winning director of one of everything a babel bird man of the revenue at the level of the phenomenal phenomenal director and i think it's a huge coup for canon my feeling just is in my opinion the best director working today and it's kind of nice as well because it's sort of a homecoming for a newbie too because his very first film.