long series of rate cuts those words from the fed strobe powell underwhelms the market says he can't rates for the 1st time in over a decade in reaction the dollar went in the opposite direction to what american exporters had hoped and concerns only escalated over a prolonged trade war and an economic slowdown that could tilt the world towards recession. the morning after and asian markets woke up to the news that the us federal reserve had cut its main interest rate for the 1st time in more than a decade. the reaction was clear asian stocks fell to their lowest levels in 6 weeks however japan's nikkei index shed earlier losses with a lid rally european stocks followed the trend set by asia and on wednesday in the us both the footsie and dax fell by around north point 5 percent in early trading. u.s. fed chairman jerome powell didn't say the interest rate cut would be the only one but he did say the move would not be the beginning of

a lengthy clearing cycle by the fed those comments appeared to have disappointed investors action is u.s. president trump was also left disappointed he tweeted quote. what the market wanted to hear from jay powell and the federal reserve was that this was the beginning of a lengthy and aggressive recording cycle and quote. the u.s. dollar strengthened against the yen and the euro on the news of the record well that could be good news for japanese and european exporters it's another thing that isn't likely to cheer the u.s. president. let's get the european take on this from a financial correspondent in frankfurt actually tell us how far is the euro folding 1st of all against the dollar. by the euro point 4 percent making it one percent in the past 2 days but it's more about how much did the dollar rise and then i fear the markets were being greedy expecting more rate cuts despite the u.s.

economy solid and to be fair actually paul would hasn't ruled out further cuts if the economy worsens and he just didn't commit to more cuts and otherwise that would have sent markets in a tailspin if that it cuts wouldn't have come through for some reason but then we all know that powell is not one of the best communicators what about the effect on emerging markets. where the emerging market currencies all sort of hands and beating the index mr x. the emerging market currencies saw its biggest fall into months how's all the economic data out today in asia and europe adding fuel to the fire because i mean things aren't looking good for the global economy are they. no absolutely not and they did add fuel to the fire today we did see the numbers come out from south korea exports were down for the 8 straight months of manufacturing activity in south korea japan taiwan and china contracted in july it was far worse in the

euro zone here manufacturing activity contracted at the foster fastest pace in more than 6 years so it's worrying and the reason for all of them say it's the trade wars and the slowing china and to put things into perspective as to how the market should brace for the future said back is because these are p.m.i. day does based on opinion of purchasing managers and typically look forward into the coming months so that's why we must be bad news going ahead last just look forward for us just briefly and tell us what what's powers timeline as far as cuts to go well that just depends on the health of the global economy how soon u.s. catches cold or it also depends on how insulated power is from st. ok let's see if they can separate the 2 as it was

a fun day for us in. fact in some of the other business stories making news the british pound to its lowest level against the dollar in 3 months the bank of england's decision to cut its economic growth forecast says bind with investors is over a new deal brags that while the pressure on sterling to be a wee has its key interest rate on hold. china's attempting to rival boeing and airbus chinese plane make a comix says it successfully tested the poles prototype of its c $919.00 passenger jet it's comparable to boeing's 737 and a $320.00 it could be certified by the end of next year. u.s. prosecutors have accused you showing tionne chinese medals magnate of invading almost $2000000000.00 in towers that's according to a federal indictment father in los angeles the billionaire has denied any wrongdoing. and australia has pledged to put $55000000.00 u.s.

dollars towards finding human trafficking in southeast asia it was announced that the us in summit in bangkok a 10 year program will include training for police and the judiciary to deal with criminal network. we've been reporting on this next story the past couple days and still haven't got all of the facts but it looks like india's coffee tycoon v g sit down to took his own life he was under investigation by tax authorities business leaders are rang great they say the government's crackdown on fraud and tax evasion goes too far. the body of indian entrepreneur v.g. siddharta washed ashore on the banks of a river in the state of karnataka an autopsy is trying to clarify the exact cause of death suicide as suspects as. i don't think that in the morning. they were getting all the information we were and that we also want to get the

family members. of the. b.g. siddharta was one of india's most successful entrepreneurs as part of a long established coffee dentistry he founded the chain cafe coffee day in 1996 became india's largest with 1700 outlets but then the tight turned in 2017 tax or thora these probes numerous branches and the company was said to be under financial pressure. according to media reports he left a farewell letter which read i fought for a long time but today i have given up as i could not take any more pressure from one of the private equity partners forcing me to buy back shares. as an entrepreneur he had failed those are the words he reportedly wrote in his farewell note in response to the company's plight siddharta was gearing up to sell a large stake in the coffee chain to coca-cola the stock would fall in 20 percent

to an all time low. let's go over to bangalore where josey john is then by 1st jersey you're following this story what was it the pressure of the does business failing or all these added pressure from tax authorities. well then both of them seem to have done it when there was the there was no or none that india's consumption economy has been slowing but there was nothing fundamentally wrong with his coffee empire it was doing well but he seems to collapse chock full of debt including really in the last one is shock and there times which is very very unusual in his kind of business that's on one side and on the other side it was back to mind a max of all $150000000.00 which he had to cough up money to baby that are these are the government authorities had throes of his shares and wanted to play into prices which he couldn't sell which meant that he had to keep borrowing to

kind of he you know servicing debt and that seems to have been an answer to both his debt and the pressure from the tax authorities a bit but just look at this play did he do anything illegal we don't know the answer to that yet that taxes are beastly concealed income and restrict access to modern bat and it is not a small amount of money there's a vote like you said of $120000000.00 and to the extent that didn't challenge it to court means that you don't want to get out of it or keep the articles to look at distraction he's better off being so we don't answer to that yet so what business leaders getting angry about i mean does this modi's crackdown differentiate between genuine business failures and actual corrupt practices. well we need to take a step back then to do on start western media that has socialist legacy and the as

a country as i lost citizens we don't trust a businessman so when somebody sees it's a genuine business fear of your body skeptical. and that's what. but that said in this instance i think there's a huge amount of shot across the business community better man with revenues getting it into president musical one by $5000000000.00 assets of $2500000000.00 had to be such an excuse as she would want to shop around and it's just if you go for us there in bangalore thank you very much for the analysis on that story. looking great for the chinese economy on the trade front it's one of the reasons beijing's pumping billions more into infrastructure projects that's just helping keep the economy going commuters get to enjoy the benefits. rush hour in shanghai every morning the same story millions of commuters heading to work the

city's subway system is pushed to its limits. in shanghai subways passenger flow can reach over 10000000 a day during the morning rush hour there are peak 703 metro trains running with. many commuters live in the suburbs or even further right now the metro system is being expanded again 3 new lines are under construction and for more in the planning stage they will stretch well beyond shanghai's borders there's a growing entry there are many workers here because it's an industrial area also it's very convenient because the subways right here. these investments are part of the country's updated economic policy china put the brakes on major infrastructure projects for a number of years but things are starting to pick up again the ongoing trade war with washington means china needs to find ways to boost its economy. kind on a deal and. this current round of investment spending is moderate and limited for

your it aims to hedge against the slowing economy and the impact of trade conflicts and. it's not about boosting the economy and sell bennett a couple should be that should. many older plans for more metro lines have been revived after they were previously abandoned design profitable and that's something commuters can celebrate. nice doing business with here.

wow wow economies can't function properly even in times of demand without skilled workers. with inadequate housing. with food shortages. scarcity is increasingly making things difficult for companies and the entire economy what's causing it and what can be done to combat the problem. in 30 minutes on d w.

this is it every news life for berlin paying tribute to poland's freedom fighters it was the single biggest act of resistance in occupied europe during world war 2 the warsaw uprising 75 years ago polish resistance fighters started a battle to drive out nazis from their country it was a fight they waged against a great cause and today the country is honoring their sacrifice.

very old warm a welcome a to our viewers around the world we start our broadcast with these live pictures from the polish capital warsaw where people are remembering the 75th anniversary of the warsaw uprising against nazi occupation in world war 2 a minute of solemn commemoration is about to begin so let's pause for a few moments.