to listen to. turn to the roots gentlemen of. the shah's family from somalia live around the world in the morning. urgent assistance of. the family starts october any d.w. . a fresh unconventional turn of policy is expected from the e.c.b. today the bank's governing council is deeply divided how low can interest rates go . asian markets are mixed there are hopes again of a full and frosty u.s. china trade relations but it's a wait and see game for investors. and. the other side of pharma stop wondering about their decision should leave the european union. and papers all and ice to business it's show time for the e.c.b.

the european central bank is preparing to unveil what could be aggressive measures to boost the eurozone sluggish economy you know it's been a policy meeting later today could see a further cut in interest rates pushing borrowing costs further into negative territory the bank could also fire up its bond buying program again both moves would be intended to stimulate growth and push inflation to just under 3 percent the bank stock. car pulls in is that the easy bake what are the expectations. well an overwhelming majority of financial markets people believe that the e.c.b. today will no more the negative deposit rate from minus point 4 percent to at least minus point 5 percent the e.c.b. introduced this negative rate that banks have to pay for deposits in order to encourage or to force the banks to give out more loans also druggy the e.c.v. chief is expected to at least start to talk

a bit more loudly about return of quantitative easing the famous bond buying that's of course a measure meant to keep the overall interest rates levels very very low and to encourage investors to put their money in the real economy and not in the bond markets but correct all of this solves the economic problems. i have to admit the short answer to this is no the longer answer is that not only here in germany where this kind of monetary policy has been you know traditionally criticized more and more economists in europe are convinced that the ability of the central bank to really give the economy a boost has been exhausted that the fixation of the e.c.b. on this 2 percent consumer price inflation target is exaggerated and that this should be lowered and that the negative implications of this monetary policy are getting worse like price bubbles on the property markets or disruptions on the bond

markets what about the new receive e.g. christina god. will she change the. she will definitely change tone she already said that she's convinced that the e.c.b. has to do more in order to explain its job to explain what it's doing so that. the independent monetary policy maker is not put into question even more. than it was in at the european central bank. earlier i spoke to an economist at the university of st gallen in switzerland i asked him what he expected to announce. number one he will probably lower the deficit rate 2 point meet minus point 5 minus point 6 and secondly and that's the more important question is whether he will and reestablish the q.e. program that's an open discussion and we will see what will come out is that

a lot but he hasn't got growth op larry watered it or inflation he has really done a lot and whatever it takes was really tremendously positive and great sentence his legacy but on the other hand he's going to be the president of the e.c.b. within 8 years time without lowering it was out hiking without raising any taxes texas interest rates over the period of time so that's the 2nd part of his legacy and he has put the e.c.b. into a political environment and we will see what christine lagarde will be doing out of it just before christina god comes in do you reckon he's going to take this last opportunity to set spock's flying at at his last meeting today. i reckon that he will lower the deficit rate and i reckon that he will do something was a q. program so he will end his term as he started how functional is this whole system such a big player easy be buying up all these bonds really dominating market by

printing money. that's the $64000.00 question how stable the system is because the transmission mechanism the processes do not really work with the banking system the banking system is weak we have politicized central banks all over the world i really cannot answer the question i'm very doubtful about the future of the monetary policy system whereas having said that so far it works but the jury's out whether it will survive or not in the end will present a god change your opinion on that not really she she will look into the strategy o c c e c b she announced it already she will look into whether one different policy mechanisms and instruments will work and will in the end bring a positive result will look into inflation target and. and all these kind of things but as politicized form a politician she will probably not be

a hawk in the monetary policy environment economist as well thank you very much for coming in today for the trade talks between china and the us expected to resume next month both sides have been busy making gestures aimed at calming waters that have become increasingly stormy but the latest moves appear unlikely to shift the dial over the biggest questions in the dispute. rehearsals for the 70th anniversary celebration of the founding of the people's republic of china are in full swing in beijing a birthday party brings welcome respite from a trade war after all. and donald trump doesn't want to spoil the party. he announced on twitter that shooting the upcoming celebration on october 1st the chinese vice premier has asked him to postpone the planned 5 percent increase on $250000000000.00 worth of exports to the u.s. penciled in for the same day and in part trump is calling a gesture of goodwill he has agreed to the move now chinese goods will face tariffs

of up to 30 percent from october 15th instead of on the communist states big birthday the u.s. move followed china's decision to suspend new tariffs and 16 kinds of u.s. exports for a year news the trump seemed happy with. i think they did the right thing i think was good for them. but they took them off yeah i think it was a i think it was a gesture ok it was a big move people were shocked i was in shock. his lack of shock might be because beijing's exemption list does not include any major u.s. exports such as pork or soybeans it's mostly made up of fish meal food for livestock and some cancer drugs that the chinese can't easily make themselves or buy elsewhere. the u.s. move is also unlikely to change things too much after all what's another 2 weeks when you're talking about $250000000000.00. she was implementing about jessie

measures to stave off an acute fuel shortage the u.s. has tightened its embargo on the caribbean island to get the communist government to reform and drop its support for venezuela's embattled president nicolas maduro the island's resorting to more austerity which is hitting the people. the lines to get on a bus in cuba tend to be pretty long but these days things have got a whole lot worse. transport you can't go to work how are we going to get to work it's important to be able to you know. public transport is just one sector that's being affected by a shortage of fuel which the government's blaming on an intensification of u.s. sanctions. simpering and part of the goal i mean they are committed to trying to prevent the arrival of fuel to cuba to stop tankers arriving in cuban ports

to achieve that they're brutally threatening the shipping companies as well as the governments where the ships that have business with cuba are registered. and they will. the crisis has already disrupted the flow of goods potentially leading to more shortages in a country already used to them compounding the problem is the fact that venezuela the country's main oil supplier is not only an enemy of the united states but also itself grappling with the economic chaos. the cuban government has ensured people that the current crisis does not represent a return to the economic depression that followed the collapse of the soviet union in the 1990 s. but with an american president who has shown himself determined to cripple the economies of his phone venezuela and the middle of a financial meltdown it's difficult to see just what will power to cuban economy.

a majority of welsh farmers voted to leave the european union now getting cold feet profited from the e.u. it subsidizes nearly 80 percent of their incomes the british government has promised to continue those payments but there are doubts about that. it was. farmer brian bowen can still count on his trusty chic dog but everything else has become a lot more uncertain. the big question is who will subsidize welsh farmers after the agricultural subsidies in the e.u. account for around half of bones revenue he doubts the british government will step in to fill the shortfall after breakfast. but an even more brain question is to whom really sell his sheep in the future that. the new one markets are not going to be as easy to open up as it is to save the ones that we already have in in europe and that is something that politicians don't seem

to be able to grasp. more than a 1000000000 euros have flowed from brussels to wales since 2014. method to fill has done particularly well. the center of the former mining town was renovated with emu aid. to one shabby town hall is now a shiny new cultural center. but despite this most of its inhabitants want to leave the e.u. . the people aren't happy they feel the need for change and i think they see that leaving the new would be a change your way right now it's for the better or for the worse they just want something to happen at this point so i think if we went back to another day it would probably be leaving and. the welsh government doesn't want a hard breakfast. here in this office complex british officials are distributing the millions from brussels to dozens of projects in the region. it's no surprise to

see the european flag still flying here. and t. boone pickens the u.s. oil baron corporate raider has died aged 91 it was known for his dislike of big corporations and his willingness to take them on especially in their moments of weakness when originally made his fortune in the oil. he founded mesa petroleum in the 1980 s. and ninety's he made a series of deals including engineering the takeover of oil by chevron which made him $300000000.00. business for.

the law. why subscribe to your books your favorite writer. in the strange grown up world. carefully. to.

discover. the. documentary. a brand new museum has just been to celebrate the 100th anniversary of the bauhaus movement also coming up. an exhibition of the photographic. test well.

the movement was the most influential school of design in the 20th century brought together. and designed with the idea of an integrated approach form follows function it was originally conceived 100 years ago. as an experiment in education but it ended up having a huge influence on modern design even to this day now in this anniversary year a brand new museum has just opened in germany. it's. a bridge between the. spanish. functionality only becomes apparent only.