the turkish economy is taking a beating volatility has wiped eleven billion dollars off the market value of companies analysts blame richard typepad one and his harsh campaign rhetoric in the lead up to import municipal elections this sunday the ruling party is in danger of losing its majority that has the president all riled up during a campaign stop said one took shots at the us government criticising its middle east policy and other perceived attacks on his country a mirror immediately plummeted investors fear the united states the battalion with sanctions as they did a year ago adding to its economic plight and pushing it deep into recession it once appeals to the central bank to stabilize the currency as well as threats to investors to stick to the lira and avoid the best thing in two other currencies have failed to convince the market. because of a modest joins us from rob a bank international. a bit of background first it wasn't that long ago that turkey was posting still low growth numbers what what's gone wrong.

good afternoon yes. in the first half of last year. one of the fastest growing economies but there is growth was mainly fueled by substantial fiscal stimulus injected ahead of crucial parliamentary and presidential elections in the middle of. in the first half of last year and then in the second half of last year everything went wrong one of the factors that contribute to sell off in turkey and local. unorthodox policy is favored by president of the one who claims that in order to bring inflation lower country needs to cut interest rates obviously this is quite unorthodox view all monetary policy and there were other factors concerns about trade between china and us so essentially. external backdrop for risky assets and the turkeys that you

are when risk aversion increases is usually the most vulnerable currency and now there's another key election coming up what do you make of better ones attempts to steer central bank policy. response from. the outcome of those local elections on sunday is going to be absolutely crucial i think that they have three options to choose from first one would be the most market friendly which is to implement economic reforms the second option is to try to muddle through and they've tried to do that over the past six eight months when they announce very use short term solutions providing for example lending to small and middle sized companies trying to bring food prices lower but those are really short term solutions will do need to

structural structural solutions and the third one would be to focus on unorthodox policies which would be quite damaging for the euro and local assets. they would choose option number one what is the forms what's the likelihood the economic reforms. for this scenario to materialize or you have to adopt a hefty dose of optimism and trust in walt treasury and finance minister barak who's by the way son. in law of prison out of the one has been saying over the past few months he's been he's been tried to trying to reassure investors stop after those local elections the pace of economic reforms is going to accelerate time is running out and he will have to make very quick

progress over the next now even weeks and even months but they are to restore confidence amongst investors which has been shattered by events over the past few days straight just b.s. from others thank you very much for the analysis thank you for having. american and chinese trade negotiations have been meeting in beijing to try to end their trade dispute friday was the second and last day of the talks want to iron out their differences over u.s. accusations that china has been using unfair trade practices for years heavily subsidizing its companies of stature in the technological know how of foreign firms . what they discussed the night before is unknown but equity markets shot higher after negotiators exchanged smiles as they resumed talks on friday.

then treasury secretary steve minucci joined chinese vice premier luke a and u.s. trade representative robert light eyes a for a photo and perhaps a chance to rearrange their negotiating positions before starting the day's talks the chinese commerce ministry says the two teams will spin no effort in the negotiations to end the months long trade war u.s. president donald trump said the two sides were close to a deal but officials have played down expectations of an imminent agreement u.s. insistence on keeping the first tranche of twenty five percent tariffs on fifty billion dollars worth of chinese imports could be a sticking point for a deal you is scheduled to travel to washington next week for the next round. the chinese tech giant by way has found itself in the crosshairs of the trade war a british government report adding to western pressure on the company accusing it of failing to repair dangerous flaws in its telecom technology but our way has defended its commitment to security while announcing that sales topped one hundred

billion dollars last year. huawei revenues topped one hundred billion dollars in twenty eighteen but positive figures were the last thing on the agenda the news conference in beijing journalists wanted was taken washington urging allies not to use the firm's networks u.s. government doesn't trust the chinese government not assert it doesn't trust hallway . i think the us is the most powerful country in the world the us has been the leader in many domains and the us government has the attitude of a loser i hope the american people the u.s. government can adjust its own attitude. to rao escalation with the arrest of monk one joe c.f.o. and daughter of group founder of enjoying faith in canada in december while ways taken legal steps filing a lawsuit against the u.s. over a ban on government agencies using its products always lawyer said fears beijing might compel it to spy were baseless and john homeland. if we install back doors or collect intelligence on behalf of others it's tantamount to committing suicide and

we have no intention of committing suicide. for the chinese government i believe they also hope continue to pay tax create employment and drive growth in the whole industry i don't think they prefer to use while we as a tool to attack others. on in shrugged off the right with the usa income from its network business at the center of the espionage was down while we said it was a long term business and the effects will be felt in a few years' time. couldn't is following this story for us cliff it weighs chair is cold the us government loses it is is that what all of this comes down to basically a competition between the top two economies in the world i think it is i mean if you look at the language it's a strong word loser is we're talking about trade war and in a way while ways at the front line of this trade war between the u.s. and china so it's stephanie more than just a private company in this particular context it's it's

a national champion as it seen in china. and in some ways it's representing chinese interests in the in the trade war that's ongoing and national champion but it's also is it a victim of this trade war i mean are it's is it a victim in this case or is it a case that its security standards are too lax and that it's ties to the state too close well we have two sides in this and we've always saying that it isn't them that is the victim and the u.s. is saying that it knows exactly what it's doing and that should be put into a position that huawei would have to release the information what do you think i think that i think that possibly huawei is playing a little bit naïve i think it knows what it's doing and i think that it's links the chinese government are very strong at the same time i do think that it is you know the best provider of this five g. equipment for example that we've spoken about so i think on the in that context i think probably why we have a case as well there are many german industry experts who say we need way in this next rollout of this technology what do you think will the chinese tech giant

become a minnow with some stage you know is it going to survive this onslaught i think i think the figures today show it will survive it's got so many other products as well with the smart phones and all this other business on and says networks are a small part i think they're looking ahead i think we're always probably in a good position it knows that it's better doing this five g. technology than anyone else so ultimately people are probably going to have to buy it if they want the five g. tech at the same time they're going to have to come up with some compromise where they can reassure people about the security concerns so the end of the day this is more about the trade war and not this chinese company i think ultimately i mean others say well wait hasn't strong links but ultimately this is about a bigger issue of opinion thank you very much for coming in now is everyone going green all of a sudden taiwan is experiencing a global boom in demand for its a bikes at the start of the show one of asia's biggest bike expos type a cycle

a couple of clicks. and that seat all you need for a more leisure lee cycle the time when his government says its exports of electric bikes have increased by fifty percent over the past two years one company the show says it's down to a desire to be greener. the reason why you vice going to get more and more popular is because the people they are concerned about air pollution right now because some of these are countries like taiwan in thailand the people they are writing the model cycle to the thing on the get going version of motorcycle and the east coast is really serious one point one million taiwanese bikes were sent around the world last year more than half of those went to the e.u. . we export to germany and france and holland more because their peoples are really used to writing evolves all the day electric models may have stolen the show at this year's taipei cycle but there are

still plenty of other bikes on offer including for those who prefer their right to come with a bit of a struggle. and just updating our top stories for you investors fear turkey's recession could deepen the lira is swinging wildly stocks of flopping and there's a key alexion this weekend at the same time equities elsewhere in the world doing just fine today cheering on what they think could be a breakthrough in the trade war between the u.s. and china but there is no deal yet feister in business with you.

colin combs kiko scratches. calls made from scratch. pretty colors from bacteria. and may not ask for. sustainable ethical and that's beautiful i should. say come on. i'm not laughing at the germans well i guess sometimes i am but i said nothing with attempt to have anything to deep into the german culture. new to take his grandmother day out to you because it's a laugh. no time rachel join me for me to have a funky couple. of small feeds you might see. what i come from my jaw remains an important self transmitting. from. miche

and when i was young my country was drawing money. the more people most people want because of our own projects to see if. it was my job to tour in one off the lot it just sets salt on everyone in the column for missing toes up to say. nothing husband prince or to my. enjoyment more is on. top of. us i was a twit of. my choice in this card because given their way and told transmitted to the troops. much and i will. dig up.

the big. news coming to you live from a bridge to break the. law makers in westminster on a box of votes on top of the reason me is from tricks is deep it's a last ditch effort to secure the country. from the. force on the program a grieving nation remembers the victims of the new zealand terrorist attack. to live. off.