and they say used in european idea. of my god i'm here to stand up for values and contribute to something important that she and. her of europe starts september 2nd on d w. a stock market stumble around the world on disappointing figures from germany as fears of a recession grow could burden come to the rescue with a stimulus package also on the program a solution looks inside for the standoff with iran over oil tankers but it's unlikely to unlikely to do much for answering king kong as inflation takes its toll to get the latest from our correspondent and without it soccer is just wouldn't be the same business behind the football. i'm chris and

welcome to the program as investors around the world sell their shares on fears of a recession here in germany the focus is turning to fiscal policy after years of solid growth and a commitment to a balanced budget calls are not growing on the government to boost spending to stimulate economic growth europe's largest economy is facing a number of short term challenges including a lack of the digital infrastructure an aging population and an expensive commitment to switching to renewable energy. a quarter of the british territory of gibraltar is meeting to discuss the fate of an impound iranian tanker the vessel has been at the heart of friction with the west over economic sanctions and one sparing the brunt of iran's international isolation are business owners and ordinary people there live have become very difficult. from the ring in port city of bender a whole line of tankers can be seen transiting the strait of hormuz they come from

the entire region kuwait bahrain and the united arab emirates supplying the whole world with oil container ships are also in transit many dock in iran bringing important goods to the sanctions stricken country ship owner and trader abdullah suffer has just arrived from dubai with a consignment of refrigerators. it's becoming increasingly hard for him to trade with other countries. but. are used to wait for one or 2 hours for permission to dock in dubai now i can wait one to 2 weeks and see wondering if they let me in or not because of the u.s. sanctions i've got chinese traders you know insist on cash payment from iranians like myself we can't make bank transfers all because of the sanctions. every day life is becoming really difficult in iran foreign products are scarce

even medical technology and pharmaceuticals which plant targeted by the sanctions. knows how bad it is and what he needs. really like to do business with traders from further afield than dubai and china would also be great to buy goods directly from europe but for that bank transfers would have to be reinstated. visas should be given more freely to business people. but he says more and more traders from other countries are turning away for now his business remains restricted to dubai and china. well for more let's bring in correspondent is on top or she is on the iranian island of kish. companies are having a hard time as we just saw in the report live for every iranians in any easier inflation is soaring what do you hear when you talk to people. well iranians

are really suffering from the bad economics and the situation and people on the streets have been telling me that prices for simple stock items like vegetables or meat have gone up by 8 percent in the past year so that means a simple tomato is 5 times more expensive than last year so the economy is the single most important topic in everyday conversation and of course who are iranians are the ones that are feeling that the most because they were already struggling to make ends meet before all of that happened so when president now u.s. president says that his sanctions are supposed to target. government and not its people people are really having a hard time believing that are there any attempts by the iranian government to improve people's lives amid these situations well that's not an awful lot the iranian government can do at this moment there is talk about like removing a couple of zeros from iran's currency the real and rename it to trim on that

something that iranians on the street has been doing for decades decades but that of course needs the approval by the iranian parliament 1st so it hasn't happened yet of course the iranians have a lot of experience when it comes to living with the sanctions because for example during the presidency during most of the time there were sanctions in place so people have to vela mechanisms to cope but this time it's really even worse and more conservative people are saying they don't want to give in to the pressure from the u.s. so they are trying to just keep going but young iranians with good education they don't see any chances for themselves anymore in this country so they are fleeing they're going to other places if they can so there's a huge brain drain going on from iran right now. iran is internationally isolated it has been blamed for attacks on oil tankers in the strategically important strait of hormuz tell us the latest on this dispute. well apparently the

iranian side is preparing for some sort of exchange because the british tanker that was seized just a couple of kilometers from here in the strait of hormuz has apparently been removed in the past days our sources within the revolutionary guards are saying it's now closer to the port of fun where there's a lot of security personnel at the moment so we can't go there but one thing is certain like the iranians are not going to make the 1st move if it happens and there must be a tank exchange so everyone is waiting here for the release of the iranian tanker that was seized near the strait of hormuz this thread of course so if that tanker is freed then there's a huge chance that the british tanker here is also. able to go no you don't your correspondent has a couple reporting from the iranian island of kish am tazer thank you very much. well one of the trade spats that have the world worried has been between japan and south korea triggered in part by korean anger over what it's all was japan's

failure to acknowledge its actions during world war 2 now on the anniversary of japan's surrender south korean president moon j.n. has offered an olive branch to tokyo calling for a wide ranging dialogue here's what he had to say. you in order to put in words what we hope that you will play a leading role together in facilitating peace and prosperity in east asia while it contemplates a past that brought misfortune to its neighboring countries. come on penner you're going to target japan chooses the path of dialogue and cooperation we will gladly join homs. from out of. the south korean president speaking there and let's return to our main story the market turmoil our financial correspondent on the device for us joins me at the frankfurt stock exchange are not a sign of reconciliation as investors have been spooked the dollar saw its biggest

drop of the year on wednesday major asian markets have also been trading substantially lower on thursday how big a role did german that'll play in the global summit well actually the german data is showing that the economic picture is very gloomy and germany is one of the most open economies off the word and the whole trade this huge protectionists and the whole uncertainty installed by have that discussion and the tab is is a very happily on an economy like germany but it's not the only economy which is suffering and it's a global recession which the market is playing now and that's the problem and that's why we're seeing that heavy selloff. now the dax nevertheless rebounded today is this just the normal reaction to a major some of that result the day before. yes that's quite an homage if they have a major sell off one day the next day if that's not a complete panic mode then the next day anomaly is that they spend

a week you see it behind me at the thought it goes quiet up and down so people are not so much decided where. so the journey goes to but bottom line is this i was saying the risk factors are not going away there is a lot of concern about the economy and also the profitability off of corporates we have seen many many profit warnings here in germany but also elsewhere the u.s. economy is still holding up pretty well but also there we're seeing signs of weaknesses in the manufacturing space and that is how it all started as well in germany and other countries so the question is when is the u.s. affected adversely and how bad will it be and on the to review what can policymakers do to prevent things from going further downhill. not a lot there's not a lot of fiscal space everywhere and the word we have fiscal phase and countries like norway germany and other european countries and perhaps also scandinavian

countries that's not enough to turn around the fortunes and central banks have not a lot of ammunition left i think we're just headed towards a downturn and advice from frankfurt thank you. germany's been as league soccer season is about to get underway and whether it's the clubs of germany's premier league leader no missy in his barcelona squad or renowned booms of european soccer like them or sell to glasgow they have common ground literally the turf in their stadiums comes from a german family business that has specialized in the high end rollout turf since the 970. perfect soccer pitches don't grow over nice this one took about a year to cultivate. here on the german dutch border with it sandy soil close to ground water level the conditions are ideal. the pitch needs to be tended

to almost daily. the strips will be mown some 100 times before harvesting they also get water 10 to 12 times by then and there have been fertilize 6 or 7 times along with other measures like combing detaching and vacuuming. the grass needs more water in hot summers it's 30 degrees here today so the turf needs to be harvested and dispatched rapidly as a living organism it won't last too long wrapped in plastic in the back of the van . that's what it is an insert is that the main stress for the turf it can generate enormous he's itself when it's rolled up like this can reach temperatures of over 60 or 70 degrees and that can ruin it all. this time everything has gone smoothly on the turf arrives in cologne stadium in

good shape. the fit takes only a day to lay the new pitch in cologne then it's mowed air and water it ready for its 1st pounding. and that looks like some prime turf the fresh bonus season is kicking off this weekend so you've got every reason to be excited that i've loved our program here on d w news for more you can always go ahead and check out our website and be w dot com slash business or follow us on social media for me chris and in the entire team thanks for watching and have yourself a success. how

about taking a few friends who could even take a chance on one. area. don't expect happy endings. literature. eco india. how can a country's economy grow harmony it's people. when there are do

look at the bigger picture. india a country that faces the challenges. people are striving to create a sustainable future. clever projects from europe and. eco india on d w. hello and welcome to the latest edition of arts and culture a legendary opera singer placido domingo faces allegations of sexual harassment we'll get more on that story and also coming up on today's program. in our series the british capital london has many famous landmarks but that's how our bridge still trumps them. and of course. its director general hi i'm voice i do you he'll join me in the studio to talk

about his legacy there and his future plans. well his one of the most celebrated personalities in our press had a and now spanish tenor placidyl domingo has seen his name added to a growing list of powerful men accused of sexual misconduct 9 women say they were sexually harassed by domingo as far back as the 1980 s. and they say his behavior was an open secret in the industry for many years. he's considered one of the most powerful and celebrated singers in the world of opera but. soaring tenor voice is now said to have long been accompanied by a story surrounding his treatment of women the recent allegations of so.