the players. will. control. the. money the competition is fierce the most important natural resource. betting checking. how long will they be able to play. with. you little investigation starting. on d w. italy sky over exposed banks and deep structural problems the e.u. commission now wants the government get their act together on debt and pensions will face another showdown with brussels raul nobody seems to be listening.

turkey the crash of forces many wealthy homeowners to sell luxury riverfront villas by the process incentives from the government. this is the business. in the e.u. commission is ringing the alarm bells for italy again europe's biggest economy is failing to get its debt under control the commission says that rome has effectively stopped every meaningful economic reform. pension reforms have been practically reversed by the populist left right government and the growth will be tiny with just zero point two percent projected for this year low productivity highest structural unemployment and the ticking time bombs in the vaults of italian banks are doing nothing to brighten the outlook. with annual revenues of nearly seventy billion euros italian fashion industry is the global number one. that's why over the past few days during milan fashion week the

eyes of the fashion world were on the latest collections on the catwalk. but when the european commission looks at italy these days it doesn't see trendy clothes but serious economic problems message to interleave is also familiar with the disease quite strong that it must take steps to improve the quality of its public finances increase the efficiency of this but we can use ration and also of justice system and hence its business environment and strengthen its labor market as well as the financial system the biggest problem for the e.u. is italy's massive public debt it currently amounts to more than one hundred thirty one percent of annual g.d.p. far more than in most other either member states the commission says that poses a risk to the rest of europe for the. the italian government has ignored the

broadsides from brussels only five countries deputy premier has proclaimed a new welfare state with an earlier retirement age and income support for the poor and change you know people watch but state revenues are expected to only rise slightly this year and the economy is forecast to expand by no more than two tenths of a percent according to estimates so the question remains how can italy escape the debt trap. and that is a question that i posit on top financial correspondent conrad posner from. what must rome do now. you know good heart from a business point of view it would be great if the government in rome started to do something serious against what italians call that go around different not the big economic slowdown an overwhelming majority of economists all over europe is

convinced that it's not enough to just make you debt give the money to the people and hope that their spending will ignite economic growth what's more the populace and it's early might entertain the public in italy with their swear words against the european union and against northern e.u. members such as germany the italians also want the euro they want to be part of this currency union and in order to remain there italy must do something to stay and become more competitive compared to other members of the currency union. what happens if they don't do reforms and maybe one of the big italian banks goes under will there be a second greece with another rescue mission worth hundreds of billions of euros. it probably will i mean that's the other side of the coin you know if we in germany once. the european union and the eurozone if all the other member countries of the

eurozone and the unions want this union we have to make sure it works and if this costs money so be it i mean you know the german. with regard to greece the rescue of greece and the solving of the euro crisis a couple of years ago that this would end up in major inflation and that it basically you know the greeks would never be able to pay back their debt they have not proven to be true yet so maybe not only the italians all europeans have to stop thinking only within their national boxes i guess or abusing their thank you. and here are some other global business stories making headlines today for this airways wants to buy up to forty two boiling seven seven seven passenger jets its parent i agee said the carrier would purchase eighteen off the plane straight away with an option for more could bring the total cost to more than eighteen billion

dollars. inflation in germany has rebounded after three months to climb prices in the euro zone's biggest economy rose one point six percent year on year in february pushed upwards by increasing energy costs the after this after efforts by the european central bank to stimulate growth in the bloc. tesla is finally going mass market electric car maker said it would start offering a version of its mobile three in the u.s. enterprise of thirty five thousand dollars tesla how the original e announced the model three and twenty sixteen as an alternative to luxury offerings but the car still sold for an average of fifty thousand dollars it's too expensive for many customers to cut costs the firm said it was cutting retail cost by closing stores and selling more vehicles online. stay in the car industry where rival german automakers b.m.w.

and dime no want to be want to develop their next generation self driving cars together they hope to stave off bigger threats than each other especially those coming from silicon valley the likes of google apple and co are trying to overtake the traditional carmakers in a field where software has become more important than horse power or brand image. a week ago dimler and b.m.w. bosses announced that they would collaborate in a car sharing scheme and now comes the next step pooling their strengths to push driverless vehicles on to the road they've been doing discount consolidating the skills of the software developers and we're consolidating artificial intelligence yes two leaders in the technology we've decided to develop the next generation in a combined effort the goal is to get self driving cars on the road relegating human drivers to the role of passenger within the next six years but developing secure software for the vehicles is expensive and time consuming and the competition is

stiff us tech companies like goober or google sibling way mo are heavily invested forcing german car makers to join forces experts say. the moment be it at the moment the platform the standards for autonomy striving of the future are being established yet and anyone who doesn't get in now with the right technology with the right partners will lose out on a big business segment in future mobility that's who confessed carmakers are under pressure because the computer operated systems for autonomy as cars have to function better than human drivers. so be it otherwise the new self driving vehicles won't get public acceptance and possibly won't even be allowed on the roads it's without some because that's yet another challenge for the auto industry it seems that cooperation is the watchword because ultimately german carmakers survivalist at stake. the crash of the turkish lira has not only hit average

citizens even the rich are now feeling the pinch and for many of them the only way out of the crisis is to sell their properties dozens of luxury villas villas. for sale a bargain prices and some of them are eagerly snapped up by wealthy arabs and russians because they come with a priceless other bonus turkish citizenship is included. explains. a boat triage on the bosphorus is like a trip through the stumbles history. the impressive mansions lining the shores of the water weight are known as yellowness in turkish many were built in the ottoman era for wealthy onus. they realize the some of the most expensive and exclusive properties istanbul has to offer and usually you only get close to them this way on the water but since turkey's currency crisis last year many owners are

seeking to monetize the assets and open the doors of their luxury mentions to potential buyers. see if the crisis has been a boon to tonic of fadil and who i hunt ion is a broker for luxury real estate faddle represents potential bias from the middle east to. the villa they are viewing today is one of the more modest yellows. aid rooms two kitchens and two pilots plenty of model and a huge landing for a private yacht the asking price one hundred thirty million turkish lira the equivalent of around twenty one million euros all to zero lots worse on a society around sixty of the six hundred yards here in istanbul are on still the moment prices are lower right now especially because the lira has lost value that's why demand is high or that it's as they do because. it's not just a property market on the bosphorus that has been changing dramatically in the past

year while many turkish people can no longer afford to buy homes sales to foreigners have risen by eighty percent above all to buy is from the arab world and the turkish government recently announced that foreign is buying real estate for more than two hundred fifty thousand dollars can receive turkish citizenship. as one of the new clients are currently investing in real estate. and were convinced that if they put down a lot of money today it would be closer to pull in the future. turkish economy and valero recover sooner or later and then very fast meant payoff. of course and there is another reason why the waterside villa's a so popular especially with bias from the middle east. many arabs are familiar with the galus from turkish t.v. dramas but they went on television over time in the arab countries because people

are crazy about them. sometimes my clients call me and say i want to buy from my favorite series is. the viewing is over for today the two realtors intend to continue bargaining. so it's likely that this mansion and its spectacular view of the bosphorus will soon change hands. now if you've been wondering why your business partners or clients in germany are not available today here's a possible explanation. it's the call of the season germans especially of the island that's saying that have to be patient with the fact that serious. possibly.

it's time. to take one step further. and face the costs of. the time to such thing i know and fund for the troops. it's hard to overcome downturns once cut the world. it's time

for. a new wus coming up ahead for mines. culture british. surely from africa. your link to exceptional stories and discussions. of easy's and while website wu com smushed should come join us on facebook. for. the for. a warm welcome from berlin the answer today's edition of arts and culture i'm karen homestead and we've got a gender bending show lined up with these top stories. american guard artist laurie anderson gets the run. of hamburg's monumental effort how many for four days she's wowing audiences with her multitude of creative impulses. it's more than just

a buzzword in twenty nineteen we take a look at gender sensitive product design and its implications for all genders. and via not is germany's version of fat thursday when women take to the streets to claim their part off the festivities a tradition that marks the start of carnival in the rhineland. but we start with the american artist laurie anderson who has never let herself be confined into any particular genre or box since her formative years in one nine hundred seventy s. new york anderson has been a figurehead of the guard morphing easily from musician to filmmaker to performance artist and even to inventor of electronic instruments gender ambiguity is also a longtime focus of her artistic persona and here scuse me is what happens when you give an artist of her versatility. she's

a storyteller a musician and composer and for fifty years laurie anderson.