women's world cup. america gold cup and the africa cup of nations was a season i think crashed last lines down an exciting event is right around the corner that german bundesliga is heating up and as always we are there to keep you up to the latest kickoff. to mislead the sun shining over 60. is the german economy heading for recession production figures are down an industry and construction factory orders are slipping and economists are saying there's worse to come what needs to be done now to keep europe's economic engine tick you know. it's trying to put some sparkle into its market for precious doe so

far most of the money is made outside of the country. is t w business i'm in. germany seems to be heading towards a recession the country's chemical engineers carmakers component suppliers they all are in a crisis companies have seen a profit slump and are considering job cuts or switching to short time work is 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 boss lowered earnings expectations as well some firms even slipped into the red steel companies are struggling with falling demand to tis uncalled for example is expected to report a slump in earnings exporters are feeling the squeeze from growing trade tensions between the u.s. and china and brags it has prompted many firms to hold fire on plant investments.

now the past few months these 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 expected compared to june of last year it was an even greater fall and that should be right here on this war right now which it isn't but the number i can tell you it's 5.2 percent the biggest decline since the financial crisis broke out a decade ago while factory orders 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 in the next 3 months something which would cause a dent in those all important quarterly growth figures to. to talk about this i'm not joined from munich by a weather layman he's with the evil center for make macro economics and surveys

what do your most recent numbers say are we looking at a real recession on the horizon. good morning you know the economic sickness for germany are really alarming let's let me take a picture of a traffic light where s d german economy shows a dark yellow color even dominion fettering sector shows the red color which is in manufacturing at all our current figures state us debt. total economic output for germany shrunk by let's say 1.0 point one percent in the 2nd quarter however we think or we believe that at the total up and we're slightly increase within the 3rd quarter thus we cannot talk about a technical recession at all however the signals in the manufacturing sector are really alarming. you talk to other men affections the sector the car industry as well as been hit hard by regulators and politicians what can be done right now.

so there's still a really good instrument in place that the german government has it is short time work regulation does this instrument work quite well in the global recession and we still think that's also what if it does tell us that firms are heading for full time work and this might stabilize the german labor market in the near future germany is usually fixated on balancing the books should the government start borrowing more and spending it on badly needed infrastructure. yesterday infrastructure is a bit of a is a bit of a problem because. construction firms are heading into at them x. capacity and if if there are subsidies for the construction sector especially for infrastructure this might lead to a sharp price increases in the near future however on the other side the german government has some infrastructure expenditures let's say for the german where railways that where. that are in place right now. briefly if you can will germany

drag down the rest of the e.u. . there's a really high risk right so if you mentioned germany is highly integrated into global value added chains let's say for example the car industry we buy parts for intermediate goods let's say from the czech republic or from hungary so if this recession holds on the manufacturing sector this will clearly hit all the other economies in europe thank you very much robert lima from munich thank you and now to some of the other global business stories making headlines today the german 10 year bond yield has hit a record low bond yields across the board are in negative territory as investors seek safe havens after a large rate cut from new zealand and german data added to fears of a global recession. samsung has unveiled its new galaxy note smartphone

and hopes that it will help to claw back some of the i phones market share the company's freezing more battery life into its latest device by scrapping the headphone jack something if you want competitors for doing other features include vance video editing tools and all minted reality applications. it's in the threaten to ban cruise ships from entering venice for years and now they've finally done it president groups have long complained that the $1500000.00 tourists arriving on cruises each year ingestion produce lots of rubbish and spend too little money following a collision in june when a big liner struck a small boat the italian government says it will now reroute ships away from these stories that. china recorded a surprising uptick in exports in july beating analyst expectations that its trade war with the u.s. would take a bigger bite out of overseas orders beijing says overall exports grew by 3.3

percent compared with the same period last year trade with the u.s. meanwhile fell sharply with chinese purchases from the u.s. plunging 19 percent next month an additional u.s. tariffs on $300000000000.00 worth of chinese goods are set to come into effect. cambodia is rich in gemstones especially sapphires and rubies but the country lacks the expertise to make real money with it most of the stones exported to thailand to be caught and made into jewelry so value is added outside of can both and that is to change a 20 karat dark blue gemstone that's what khaitan spends hours each day searching for were he to discover one he'd be a rich man the pile in province in western cum badia has long been known for precious stones but heavy exploitation means discoveries are now rare still now and

then someone will get lucky and stumble upon a soft fire or ruby martin on what. i earn $500.00 u.s. dollars some months other months though i don't find anything and so i earn enough to hang up but it's all a matter of luck. the miners have been waiting for this man leap oh he's a gemstone dealer and is going to examine today's whole. tone shows him what he's got he's hoping for a good price to get an accurate valuation the stones would need to be tested in a lab but the dealer can make an estimate based on his experience. this stone isn't anything special we call it tone here it's worth about $150.00.

over the past few years bodhi has posted solid growth of more than 7 percent this is given rise to an expanding middle class with money to spend on things like gemstones this store specializes in red sox far as in blue rubies price tags here begin as a 1000 euros the store's owner grew up in the u.s. his most expensive examples are either bought by western tourists or exported to china. this blue they're called as an example. right now people go around and call it the diamond of cambodia also is a very beautiful stone and for example this piece right now is wait 19.89 carat which has come down to 10000 u.s.d. and this friday it is still going go compared to vietnam in thailand cambodia is gemstone industry is still in its infancy but in recent times dealers have been coming together in an effort to market the country's precious stones abroad if we

have that new technology. yeah and ability that can sicking on this i think cambodia can recovery all that in mind but finding precious stones is a matter of luck and many international mining companies aren't willing to make large scale investment based on serendipity so for now the search for gemstones continues to be led by enterprising individuals hoping to strike gold. outed us as friends it's a strong profit growth in the 2nd quarter sansa grew less than expected and in the i did a share price lower the sportswear maker said its biggest problem is overcoming bottlenecks in its supply chain to meet demand in north america from 3 stripes and more than half a 1000000000 euros between april and june that's an increase of 34 percent or so i

did us a long struggling american subsidiary we bought it turn to growth specs revenues to pick up pace in the 2nd half of this. courier service fed ex is ending its deal for granted liver is with online retailer amazon fed ex is allowing its contract with it to expire at the end of the month amazon is building its own cargo hop in kentucky and the say the company could be planning to build its own deliveries making intentional competitor to fix fed ex says i wasn't only accounted for a little over one percent of its right. european union is accusing turkey of undermining security in the eastern mediterranean after a 2nd turkish ship began drilling for oil and gas off cyprus ship joins another to vessel which has been drilling in the region since june the field is predicted to

contain trillions of cubic meters of oil and gas that's being claimed by both turkey and the cypriot government such as is calling the turkish mission illegal and the e.u. recently slapped on her with sanctions after that refused to stop drilling operations. and that's it from me and the business team. for more business use background stories and features check out the w dot com slash business that's a website thank you very much for watching i'll stay tuned to double your odds of culture with well and now is next right after a quick local global markets. earth

a home for saving global india's tell stories of creative people and innovative projects around the world ideas protect the climate and boost green energy solutions by global ideas be embodied in the series of global 3000 on d w and online. mean something nice for entire

streams of jurors or dealing with any and then i killed many civilians i mean national coming including my father one day when i was a student i wanted to build a life for myself. but suddenly life became alledge kind of. providing insights global news that matters d. w. made for mines. will be in western ukraine at a very special concert remembering the famous jewish although yours if colt also coming up a top fashion photographer who says beauty alone doesn't interest. of australia. and has the relationship between the germans and america during nowadays we'll find

out in. what. you think. the ukrainian conductor oxana lead knave 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 cottage symphony by leonard bernstein based on the jewish prayer of mourning. this year the leaves mozart festival opened in the town of brody population $24000.00. staged $200.00 artists from ukraine and around the globe

it's a sight the town of brody has never before seen and it's difficult 1000 year history .