currency exports are being hit the stock market in tehran is thriving. this is the business on account of as well come but 1st we'll christine legarde become the next chief of the european central bank e.u. leaders in brussels are still tousling over who will get the top jobs in the union today is already marks the 3rd day of deliberations with so far little results and little unity over who should head the european commission will become its top diplomat but is there no a breakthrough over who could become the new president of the european central bank with the leg up the current head of the international monetary fund is being floated for the position now let's get the latest on this from our correspondent in frankfurt where the e.c.b. is based on a doozy what are you hearing there in frankfurt would she be a good choice. she would definitely have to have the right credentials hard with her background as a french finance minister who never gated her country through the financial crisis

and of course with her background of being the i.m.f. managing director and chairwoman in terms of her monetary policy positions her likely positions i have to say there is a bit of a negative bias here in germany's financial world at least in parts of it and also in other hard currency euro countries you know the countries that stand for a tradition of a not so generous accommodative creative monetary policy why that negative bias well simply because madame lagarde is from france and as i am f. chief she often had to stand for compromises that hardliners found really difficult to accept for example in the greek debt crisis so monetary policy hawks friends of a more conservative hardline approach to monetary policy many of them here in

germany would have preferred to see the chief of our national reserve bank the bundesbank here in germany in the top position of the european central bank or booze there in frankfurt thank you. and of course we'll have an update on the proceedings in brussels in the news at the top of the hour. the united states has threatened to impose tariffs on a further $4000000000.00 worth of european union goods in a dispute over acrobat subsidies the e.u. and the u.s. accuse each other of using state handouts to give their respective aircraft companies a competitive edge parmesan cheese all lives pasta and scotch whisky face high in politics it's taken the total value of e.u. goods hit with the u.s. tariffs to $25000000000.00 u.s. dollars the u.s. said it will impose peanuts is tariffs on its own worth 12000000000 of its.

us education giant boeing reportedly hired developers at an indian subsidiary to create the software that's thought to have led to 2 deadly crashes of its 737 max jets according to bloomberg some of the programmers were paid as little as $9.00 an hour the plane software was being developed at a time when the company was laying off experienced engineers and putting pressure on supplies to cut costs boeing says have dropped 20 percent since the crashes businesses are too naive when it comes to china that's the key message from a new study by economic think tank macarthur institute for china studies here in germany the institute has looked at beijing's made in china 25 strategy and says many countries and companies are all too willing partners and helping beijing become a world leader in the tech industry europe fails to protect its core interests we want to talk to one of the authors of that report in a moment but 1st here's more on that story if you want to journey deep into

beijing's economic ambitions wild ways european style campus is a good place to start. the telecommunications giant is emblematic of the country's plan to become a global leader in a number of key industries. government's made in china 2025 strategy reflects a desire to move away from low cost manufacturing towards high tech as well as communications the chinese government is also investing heavily in transport energy and digitize ation traditionally it's gained a lot of its know how from abroad over the years the huge chinese market has attracted many foreign firms to the country including german carmakers keen to carve out a nice. but in recent times china has been producing more homegrown firms in the area of electric mobility it's a ready proven itself with

a trailblazer suggesting that western firms will have to buckle up to stay competitive now a report by a german think tank has cautioned against what it calls naive or c. in dealings with china it says western firms could lose their competitive edge. electric batteries bring the point home 7 ide of 10 of the world's biggest makers come from china. leaving european firms scrambling to catch up. with the studio is on a host most she conducted this study at the macarthur institute and i welcome to the studio this study is pretty grim reading for people here in europe what is be doing so ultimately go world domination or should we worried about this well as the ultimate goal clear is technological leadership on a global scale however we're not talking about technological leadership in every single aspect of technology and so you really see

a difference in china's approach where the got to let's say more traditional high tech areas for instance and the ation in these areas china's content with chests developing the rest of have abilities that are sufficiently good so to say the products the components that acknowledge she does not need to be you know state of the art but sufficiently good a different story needs to be told in the in the realm of future technologies emerging technologies here china really sees its chance to forge ahead from the start to set the pace and see an industrial nations try to catch up or same pace for the for the rest of us though for here in europe and the rest of the world a quote from a study of germany's one developed nation whose economic base could be directly threatened by china's ambitions and if you close with close friends for germany as a willing partner are we selling out to china. you know this is a really critical point of our study we identified germany as

a core part now as part of made in china trying to under 5 especially for qantas my factoring. there for the long standing long lasting corporations and the attitude of a lot of actors involved doesn't really match the changing realities in china so what does that mean in good terms it means that china has already developed considerable strength in certain areas especially in these feel. and yes germany german actors in the government but also in companies also in academic realm are all too willing and often too naive in their engagement which time. one of your recommendations and i quote from your study again is initiated steps to limit dependence on critical components from china that of course rings of whoa way it's trump right on what way what role does that company play in this good. qualities a prime example of one of china's national champ and its champions have gone global

and now really trying to. dominate or shape the global market in their respective frail. i don't know i do not think that trump's approach of decoupling sees aleutian very especially not for europe so we really need to find their own solution we should be aware of our own strengths and we should also note chua is not the only company out there so it really is while it is a matter of trust and yes and trust when it comes to business trust is a very special problem that you and other figure that comes from from your study that in 2018 china spent about $300000000000.00 u.s. dollars on. research and development that's nearly 2.2 percent of g.d.p. that's more than the e.u. does this she was can that be matched by anyone. well i would not recommend to try and match or you know take up china matters of scale so your

really needs to find its own answer and that's a policy is part of it it's in the aleutian to say it. in german and also europe there's no industrial policy the question is what is the right measure where do we position ourselves on this spectrum of different actions of industrial policy and support for research also basic research is certainly a critical component and there certainly is still a lot of work to be done in europe. thank you very much thank you. the economy in iran is suffering from the sanctions from the u.s. imports and exports have come crashing down and so is the value of the ryal but both of those things have contributed to a surprising side effect iranian stock markets are thriving. inside the terror on stock exchange there's rest bite to be found from the nail biting economic situation facing a rainy and traders here have been enjoying a 12 month bull market with the main index the tactics hitting record highs again

this week django who only a war breaking out could stop the market and political tensions out in our. favor the past year the value of the iranian currency the reality is thought to a full and by around 60 percent the root causes of that likely predate the u.s. withdrawal from the iran's nuclear deal in may 28th but the subsequent reimposition of trade sanctions has driven its value down further. the result into rocketing costs of imports have forced firms to seek local suppliers benefiting companies who sell their goods within iran and benefiting stocks in tehran whether the doomsday scenario of a war ever plays out is up to the country's leaders but for all the traders bullish talk the current gains can't continue forever. now here how a story that is about blue sky thinking that's google sister company is luna

sending a lot of balloons in to kenya to supply 4 g. internet to remote mountain villages the companies partnering with telecom kenya for trial of technology we're clearly seeing the wrong what pictures here i apologize for that. one thing. and that's it from me on the business team here in the berlin for more business news of course always head to our web site about the final source of analysis and background stories that all states you folks should be doubly in the news that comes up right after this quick look i flub a mock. them

in.

column a yes today iraq tomorrow korean stocks the bundesliga is talented the key players kuwait take a closer look at a few remaining projections from a few checks the industry is biased in stocks on. on. kickoff 30. dollars. quadriga international talk show religion mulcher is weak in german politics and europe resolved bitter divisions over the migration of the government it is said stead into the abyss could friendly fire for president trump defeat one of the strongest military alliances in the streets going to all my guests have to say on

quadriga. quadriga on d w. i'm scared that the work that's hard and in the end is a me you're not allowed to stay here anymore we will send you back. are you familiar with this. with the smugglers what alliances. what's your story. ready ready on what numbers of women especially are victims of violence in terms of take part and send us your story we are trained always to understand this new culture. another visitor another yet you want to become a citizen. in for migrants your platform for reliable information.

come. this is deja vu news live from berlin after days of disagreements were awaiting a decision on who will get the top job was a fun day like germany's current events minister is now the favorite to become the e.u.'s new chief she's a compromise candidate e.u. leaders have been haggling for 3 days over who should fill the box most important role is also coming up.