all in the same court to force an inequality a lack of the freedom of the press. coverage we can afford to stay silent when it comes to the fans of humans and see why through fools who have decided to put their trust in us. my name is john paris and i work at the dollar. all eyes are on italy and its political turmoil snap elections could bring victory to euro skeptics exacerbating the country's massive debt crisis. also coming up with argentina deep in recession many seek job opportunities abroad as hundreds in neighboring countries like chile colombia and brazil say they have received calls

and e-mails in droves from going to the city graduates and high skilled westerners . welcome to do business on one of the johnson berlin to have you with us it is the latest italian drama that has investors on the edge of their seat can italy form a government or will there be new elections possibly opening the door to the euro skeptic league and north party a victory for its leader. could also have huge implications for the entire eurozone italy has the 3rd largest g.d.p. in the euro zone right after france and germany but its debt to g.d.p. ratio of 172 percent is much higher than that of other major eurozone economies so what happens when the markets lose confidence in italy's ability to rein in its massive debt no banks across the e.u. own loads of italian debt. 286000000000 euros in fronds alone

means these banks are exposed should italy default on its debt and just the possibility of such a scenario is enough to put those banks under pressure forcing them to set aside money and putting scrutiny on their bottom lines now then for more on that issue i am now joined by hold this meeting he's chief economist at bear bank bank in london how this meeting good to have you with us obviously we're old enough to know that italian politics is known to be somewhat erratic and unstable is this what we're seeing now business as usual or a real crisis fortunately this is much more business than you were than a real crisis italy has changes of governments fairly regularly and the chances are that this would be just another change in government without a really upsetting the economy and markets much but because of italy's high debt every change in government or every political crisis does always carry

a risk and worth looking at it. exactly i'm talking about the debt if there were to be snap elections that would mean the government would not have time to approve a new budget for 2020 and there's an interesting scheme that was introduced by the discone government years ago that would trigger and you will increase of the eighty's a value added tax unless there are other sort of saving measures in place in that case it would mean the 80 would come up to 25 percent next year that is not going to help spur growth. a big v.a. to increase would indeed be bad for the economy it's highly unlikely to happen whoever wins the election if there were to be elected hopefully not would probably find a way around it but the prospect of this if you read if you happening is indeed a negative factor we need some resolution of the italian crisis ideally a new government fast to soothe invest in the especially among intelligent

businesses now let's stay with the bad case scenario that we do have snapped elections which by no means is impossible and that much any would emerge as the winner of a t.v. ready announced a huge spending program we're talking $58000000000.00 euros despite the huge debt what's that mean for the eurozone. it probably would not happen the thing is if you really were to win snap elections and work to introduce such a program born markets would make it very difficult for him to actually borrow the money for it and i think bond markets much more than brussels and the european rules would force him to back down in the sense that he had seen a good year go with the outgoing government namely that a lot of their spending plans had to be watered down so that the increases in spending only came in small increments so we would have to back down in the end and just very briefly those banks currently exposed to tell your dad how safe are they

. at the moment i actually don't look too badly because it totally in debt has performed rather nicely but if you hold italian debt you always have to set enough capital aside to be able to stem it stomach potential losses i hope the banks have done that i hope so to hold this meeting their chief economist at their bank in london thank you so much for your time your welcome. well turning to another crisis region argentina's hazel depreciated by almost 2 and a half percent against the dollar on tuesday a day after the international monetary fund met with presidential election frontrunner a better friend shortly after that meeting for in on this issue the statement highly critical of the i.m.f. and its role in the country being caught in a strict austerity trap already many argentines are seeking jobs abroad to escape the economic and political crisis at home. here mogul you is

a textile marketing professional who was offered a job in italy 2 weeks ago he immediately jumped at the opportunity his family of 4 is now packing up if you know got me the idea i think i'd prefer to stay in italy permanently horrible to get money and i say this with a lot of pain because i love my country and i feel terrible with everything that's happening but i want my children to have a good future and today i'm not seeing it in argentina unfortunately. many high skilled workers and university graduates were shocked after president maurizio mockery suffered a crushing defeat in the primary election in early august that led investors to flee the peso which soon hit a record low against the dollar. headhunters and visa advisers say argentines are now calling and emailing in droves searching for jobs abroad most of them don't want to go as far as italy neighboring countries are the primary destinations like chile where augustine about to see move 2 months ago she says others interested in

leaving are now seeking her advice. yes many asked me how life is here at the salaries are like the cost of living because they're obviously also thinking about a change in sound and then we are at the front runner for the general election in october is better for now and that is the leftist leader of the opposition he wants to end the austerity measures put in place by mockery and raise salaries and pensions but economists say that that could put the country at serious risk of defaulting on its considerable debt and that potentially would lead to an even larger exodus. and now to some of the other global business stories making news. the maker of painkiller oxycontin is offering up to $12000000000.00 to set of thousands of lawsuits over the us opiate addiction crisis hundreds of thousands of americans have died of overdoses since the turn of the millennium purge you pharma is one of several manufacturers and distributors being sued for their alleged in

the academic. japan's decision to drop south korea from its list of favorites trading partners is taking effect today japanese companies now have to go through additional procedures to export over $800.00 products to the neighboring country its fear of some deliveries could be delayed by weeks or even months disrupting staff could be in production lines. even masks commercial space travel from space x. has successfully tested a prototype of a rocket it hopes to go one day take astronauts to mars a star hopper was small in texas on tuesday and if you do 150 meters into the air and touched down on the nearby landing pad up to 7 of them would power the mosque down stosh. u.s. prosecutors charged a former google employee they say stole company secrets and sold them to the charges against antony 11 dusky stem from

a trade secrets lawsuit between google spinoff way mo and right here hailing the firm. which has been trying to catch up in autonomy as driving technology. talking of driving a technology compared to other countries germany is still lagging behind when it comes to electric mobility a part of the problem is a lack of charging stations for electric vehicles but some bright minds are working on changing that german startup has partnered with germany's clean air projects to implement eco friendly initiatives to boost the use of electric mobility especially in those places that suffer from air pollution and of course those places can be found all over the world. where the battery of alexa teel is electric car needs charging she goes to the old gas light outside her company start up you betray a city it has converted it into a charging station its purpose built smart charger cable includes an electricity

meter and a sim card it's part of germany's clean air project which supports ideas for a lecture mobility in 90 german towns with the worst emissions. the projects that were selected were focused on quickly making electrum ability available in cities especially in the suburbs in order to then publish research on the f.x. their activities have had it on a city's climate. and. that. that's a subject which is caught the attention of these chinese students from beijing they suffer under appalling smog back home so china is pushing hard to expand electrum ability. and. it's also. in china. has being played in china so side take. and suchlike charge. we also have

a. difference i think that china. for. this way. you betray city is only one of the $150.00 companies at the berlin campus of european energy for also called purists which are involved in electro ability and sustainable energy it includes germany's largest electro charging station it offers over 150 charging points their electricity comes directly from the station solar panel roof and these are used batteries from electric cars already is using them to build a giant storage facility with a 1.9 megawatt capacity you're of same is to boost both the energy transition and electrum ability street sweeping is also being electrified. and it's

being done autonomously. mobility is not just about cars there are also shuttles commercial vehicles even buses but there's also micro mobility ride sharing and so on all of these things are being considered here together and that's a thing that primarily happens at your f. as far as i know that's why we have such a high international profile but these ideas aren't meant to be confined to campuses give a tricity is busy converting a feller's and streetlights into charging stations just like they've already done in the british capital london. and that is your business update here and a w for more please to go online or do follow us on twitter for now for me and the team in berlin thanks for watching.

s.o.s. euro. crisis. the future champions young champions.

do they stand a chance. to stand up. and contribute to something important that ship. the future of europe starts september 2nd on d w. hello and welcome to arts and culture we'll be looking at the winners of this year's m.t.v. video music awards in just a minute also coming up we'll be previewing the venice film festival which includes the premiere of the side by space epic astra starring brad pitt. and fiona bennett's make to the stars including brad pitt actually who buys

a house designed by her in his bundle. if you looked at the nominations for the m.t.v. v.m. a's this year the men didn't get much of a look at is what the music industry is all about at the moment with taylor swift and ariana grande dominating the awards with 10 nominations each also the video vying god award went to rapper missy elliott so let's have a look at who took away the big prizes this year. taylor swift won the m.t.v. video of the year award for you need to calm down the artist called out the trump administration for not responding to the equality act petition for l.g.b. t.q. rights promoted in the video. rock icon missy elliott received a lifetime achievement award this is the elliott is being honored tonight is one of my favorite entertainers all time and i think that this honors overdue i'm never as

a person she has made it hard but as an entertainer she's a game changer so.