is this the beginning of a cogent digital age. will we be subjected to continuous state surveillance. of ai will experts be able to agree on technical guidelines or will this technology create deadly new autonomous weapons systems. dogs or robot collapse stores aug 14th on t.w. . the recession is about to hit the german economy production figures are down and the industry and construction factory orders are down and economists say there's worse to come what needs to be done now to keep europe's economic engine turning.

donald trump straight boys taking a bite out of chinese export books just how long will this trade war go on not much longer says one expert says the soybean market will fix it. as this is d w a business welcome to germany's seems to be heading towards a recession the country's mechanical engineers car makers component suppliers that all are in a crisis companies have seen profits slump and are considering job cuts or switching to short time work or just this week's headlines from the german economy so far automotive supplier continentals net profits slumped 41 percent in the 2nd quarter competitors scheffler and bosch lowered earnings expectations some firms even slipped into the red steel companies are struggling with falling demand and corp is expected to report a slump in earnings later this week exporters are feeling the squeeze from growing trade tensions between the u.s.

and china and breaks it has prompted many firms to hold on fire on planned investments. now over the past few months clouds have been gathering over the german economy it appears the country is really heading towards an actual recession in june this year industrial output was down 1.5 percent compared to may that was a far bigger drop than analysts had been forecasting compared to june of last year it was an even greater 45.2 percent the biggest decline since the financial crisis broke a decade ago factory orders are up again as we reported tuesday the outlook for the german economy appears to be far from rosy industrial output is expected to drop further and then 3 months something which would cause a dent in. quarterly growth figures now are really heading towards a recession this is something i would like to discuss with for

a try he's the chief economist of the german chambre gems of commerce for that welcome to the studio simple question are we really headed for a recession nobody knows whether it will be a recession or not but that's not my my major question the order is the major question major question is how to be more independent from that what is happening and what could be a good reaction and when it comes to monetary policy. we have already exploited all the instruments we have to turn to germany and to do our homework and we have to keep together in europe to be a big partner when it comes to trade policy in open market and this is the side issue where is it is it a homemade problem or is it is it other external factors more important i'm sure that both are in play but what's more important i know it's there are external

factors and. we did our homework a long time ago and really yeah i mean a gender 2010 and. all that reform measures which also when it comes to tax policy we are waiting now for more than 10 years desperately for a tax reform for the for the business sector but now the clouds are coming from outside and it's itself a human being inflicted crisis what is happening but it's not done by europeans it's not done but german policymakers it's done between china and the usa what can german policymakers do i mean isn't it time i mean people are saying germany has to borrow more germany shouldn't be so fixated on balance the books and start spending . no it's an export success it's not

it's not for granted that's what we are experiencing right now so therefore it is good to be open minded that open markets you have to do something for it and long time ago we did almost nothing in in europe having in mind what has happened with the an ambitious free trade agreement with the united states called teated and that moment it failed fortunately. there is another redirected europe has redirected its vision and we have now concluded f t a's with japan and with latin american countries meccas that's good we have to stick on that we have to continue and we have to reflect interim a need that we have to be competitive in germany as well and once again we need for instance a reform for companies taxation and we need to. have to the awareness

that open markets on it for granted and we have to present our goods and products worldwide to compatible price very very briefly please do we need to be afraid. and no we don't need to be afraid to domestic economy is running quite good that means we have the big time in order that the decreasing impulse is coming from abroad and the bad signals from abroad are really affecting german labor market focus while thank you very much like i'm. and now to some of the other global business stories making headlines today italy has threatened to ban cruise ships from entering venice for years and now they've done it resident groups have been complaining that their 1500000 tourists arriving on cruises each year cause congestion produce lots of rubbish and spent a little following a collision in june when the big liners struck

a small boat the italian government says it will now reroute ships away from the historic city. some so has unveiled its new galaxy note smartphone and hopes it will help the club back some of the i phones market share the company's squeezing more battery life into its latest devised by scrapping the headphone jack something competitors for doing other things as include advanced video editing tools and old made augmented reality occasions. german 10 year bond yields have hit a record low. on heels across the board are in negative territory as investors seek safe havens off for a lot of large rate cuts from new zealand and weak german data added to fears of a global recession. the escalating us china trade war continues to take its toll on beijing's balance books with imports falling 5.6

percent in july compared with the same period last year trade with the u.s. fell sharply with chinese purchases from the u.s. plunging 19 percent exports will also down 6.5 percent despite that fall overall expose rose 3.3 percent year on year beating expectations next month additional u.s. tariffs on $300.00 u.s. dollars worth of chinese goods are set to come into effect. so how much longer is this trade or going to last well one man says there will be movement towards a deal rather sooner than later alan valdes is the chief trade or silverback capital of the new york stock exchange and he says it's all about soybeans explained it's a financial correspondent again scores in new york. where they only seems to be one topic for the past month i would say trade between china and the u.s.

so how concerned are you overall you know you're 100 percent right and that's been moving the market whether it's tweets from china tweets from our president the white house it's been moving this market at superspeed and you know at 1st when we 1st got involved in this trade war i thought i lot of people thought ok be over a month maybe 3 months most now we're going on over a year it is scary concerning but it's amazing it really hasn't affected the u.s. economy which has been so strong i mean inflation stays consistently low i thought it come up a little it hasn't consumer spending still robust unemployment still strong i mean overall the economy still acting very well do you believe that a deal between the 2 biggest economies on the planet is still possible. and hard hard but yeah i do think it's possible and i think if we sort this week the chinese . basically said they're not going to get any more agricultural products but we're the only one that really can supply mass supplies of soybeans argentina can't but

not on the on the level that we can so it takes 52 days from the farmland and where they store soybeans to get to beijing by ship if they keep that up they're going to go into winter without any soybeans and that's a staple for them so i think you may see movement in this trade war sooner rather than later do you have a certain sympathy for the overall harsh course for u.s. president donald trump when it comes to trade with china well you know at 1st you think ok he's taking a really hard stance and the chinese have taken advantage of the u.s. economy and the u.s. taxpayer for years we think it's the right thing but on it i personally believe he could be a little more flexible and get things done and get things moving at least i think his tweets harm tour so i really do i wish he wouldn't be so bombastic out there with some of the things he says but that's the way this man is you also do quite

some business was china so what do you hear from over there from your partners yeah i mean i work actually for a company have a china and hong kong and they feel that china's taking a hard policy and they should break because they're seeing ramifications in their economy more than we are i mean it's definitely slowing down it's more unemployment and we're seeing unrest they're not reporting it because the communist country but we are seeing more unrest going on in china we're seeing in hong kong a high level but it's a start to get out of hand there so that's another reason i do think we'll see some kind of movement one way or another i don't think everyone will get what they want but they'll have enough so both sides of say ok we won just to save face maybe briefly do you believe that the u.s. economy is strong enough to actually handle all those negative effects of the trade tensions not for long i mean we are stronger of now but i think coming into the next earnings season. you will see it hit earnings remember we just came off in our season where things were good i mean 75 percent of all companies that reported beat

a profit line so things are still good what earnings and that's the bottom line but i do think us the thing slowed down going into the holiday season this is the taking care thank you so much for your time thanks for having me really. alan ball is that into all correspondence calls it in new york and that's it from me on the business see here in berlin as always for more business news and background story. business our web site thanks for watching right next. global markets.

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and has the relationship between the germans on america doing nowadays we'll find out. if. the ukrainian conductor. is definitely want to watch in the classical music scene she's receiving accolades from musicians and critics alike and this in a profession that is still predominantly male apart from being in great demand around the world she started a festival in western ukraine and this year is opened with a special concert to remember the jewish population who were decimated in the 2nd world war. the cardiff symphony by leonard bernstein based on the jewish prayer of mourning. this year the live eve mozart festival opened in the town of brody population 24000 . on stage 200 artists from.