i did read. the book called. the reconquest turned into tragedy this is not the kind of freedom that we want. how did monroe we've become a great way to islamist terror. an exclusive report from the destroyed city. of philip in the science of our us starts october 24th on d w. president trump threatens to destroy the turkish economy it comes as the u.s. introduces sanctions over cruise offensive in northern syria. also on the show as the top minds in german engineering gather in berlin what challenges are they facing. and robots in berlin welcome to deja vu business

turkey's offensive in northern syria has shocked leaders in europe and the u.s. from across the political spectrum it's pushed some of them to issue warnings of the possible consequences to president tadic and his government including economic sanctions the business world is already reacting with folks fog and putting its plans for a new factory in turkey on hold. the turkish economy has barely made a partial recovery and no this improvement is under threat folks wagon apparently is hesitant to invest in a country that attacks its neighbors that's 1500000000 euros in investments and thousands of jobs put on ice and the u.s. government is also making it clear to turkey that it wants to hit the economy to force president ever to want to turn back. and sure as we

all will all our desire is. the turkish economy our desire is to see appropriate response these sanctions will be very severe the turkish economy. the sanctions at present the sanctions will only affect individual persons but should the u.s. go one step further and ramp them up as u.s. treasury secretary minucci and threatens the turkish economy could be in a tight spot the country's currency the turkish lira collapsed sharply in recent months and drag the economy down with it. well let's speak to. his director of global risk analysis consultancy risk. how much damage can the u.s. do to the turkish economy. the turkish economy has been going for a period of rather prolong the cannot make turbulence following the introduction of the previous u.s.

sanctions and there actually has been coming out of the period of recession and it covering serious economic fundamentals today look at much better than they looked in 2018 when the 1st u.s. sanctions were imposed and so far we've seen the rather limited reaction from the markets you know partly because the 1st set of the sanctions that was announced yesterday actually are rather limited sanctions as you mentioned they're primarily focused on individuals from free ministries but what i think is very important for an economy is that uncertainty and this is why many corporates invest this are now putting their plans on hold but also one has to remember that turkey is dependent on the inflow of financial resources from the outside the finance its current account deficit and therefore the financial institutions are going to start getting worried you know turkey very quickly can lose those financial inflows and its fiscal situation is going to deteriorate so is this affects his finances is likely to be enough to make president had one change of policy. well

as any sanctions usually from the point of view of political impacts they they produce this is the rallying around the flag effect so even though the. electoral base has been suffering a lot in the recent months some devaluation of the new year are in generally from rising prices but this riding on the flag effect is going to increase at least in the short term they are gone popularity and help him to put across the message that it wasn't his policies that are responsible for economic slowdown but. pearcey from the west but it all depends how long those sanctions are going to continue clearly turkey can withstand in the short term they cannot make impacts but the sanctions if sanctions are going to deepen and expand over a significant period of time. a core political base is going to suffer and his political popularity is going to start to decrease just briefly trade is a 2 way street presumably this has potential implications for the united states.

yes indeed it does have implications for united states although of course the european union is by far the most important trading partner for turkey an m.d.i. partner but the united states has been increasing recently its exports the turkey not least turkey was planning to import more for us l.n.g. is was decreasing its the lines on russia for the imports of its gas i think that in the direction of sanctions particularly around the energy sector in the ministry of energy could you know diverse this decision and the u.s. exporters can suffer but generally it's up to the european union to read it to decide whether they want themselves to introduce sanctions and this issue is on their agenda if they leave this gathering in brussels and that can have an impact ok thank you very much oksana antonenko from control risks now to some of the other stories making news around the world it's

a managed deutsche bank didn't disclose more than a 1000000 suspects money transfers with general bank until 5 years after a whistleblower flagged them up bank is being investigated over 200000000000 euros in suspicious payments through its tiniest the union brah. ali davison has suspended production of its live wire electric motorcycle which the brand had rolled out as part of a diversification push the decision follows the discovery of a problem with the vehicles battery but also it appears by as of its traditional motorbikes weren't interested in an electric version of favorite models and the german flight attendants union has called on the tons of cabin crew at frankfurt and munich airports to strike on sunday the walkout over wages will begin at 6 am and continue for 5 hours says it's considering legal action against the strikes. now around $500.00 of the top fines in germany's engineering sector

a gathering here in berlin today marks the start of the german mechanical engineering summit bringing together designers manufacturers and decision makers chance langley merkel has also joined them she said hydrogen power was perhaps the most interesting energy prospect as german industry battles the challenges of him ability those gathered are discussing how to tackle future problems. this sheet metal for 2 machines is made by the b c w company in berlin it's sold to engineering companies that build machinery for car production. that puts this family owned business at the start of a long supply chain for the machinery industry but problems in the automotive sector are weighing on busy don't lose order volume. isn't going to a lot of questions where the in this calendar year in 29000 we've seen a significant decline in the volume of orders in all areas that are directly or

indirectly related to automobile manufacturing. germany wide around 1200000 people are employed in the machinery industry considerably more than in the car industry many of them work for small and medium sized enterprises such as the folks company in berlin with just 4 employees the firm makes specialized machinery for materials testing it has a narrow range of products but until now the order books were always full today orders are stagnating although the owner remains cautiously optimistic we'll still have to its cars were not expecting any great increases but i'm confident that our business will not dramatically decline to almost a stop most other firms are less confident and germany's mechanical engineering industry association says orders are also being pushed down by the trade dispute between the u.s. and china both important markets for the sector muson but what we need is trade agreements with other markets such as the free trade agreement with marcos or the

south american trade blog or with canada catchwords we really have to push that kind of thing forward. neither of those 2 trade agreements have been ratified and they look set to take a while but sheet metal processor busy doubly new orders now and it's looking beyond the car industry where orders have declined by 20 percent. your company yet at the moment we're compensating by reorienting in the areas of lab technology medical technology and exhibition construction to make up for the shortfall. it's not clear if some employees will be let go but the drop off in orders from the automotive sector may be a lasting blow to the machinery industry. well it speaks to professor hakim who is president of the life for your pain economic research here in germany also known as w. . your own research published today shows that as not

a great deal of optimism around and germany's business market was behind the pessimism. is that's right we are asking the financial market experts how they see you know economy going in the next 6 months and they are on negative terms now for the last for the last year more or less so it's you know there's no optimism in germany at the moment. and that's because of presumably the challenges ahead what are those challenges. so we are running in what's called a technical recession and presumably sold for the 2nd time for the last 3 months we have negative growth however over all the gross profit for germany for this year are still positive and also for next year we hope to recover. the arguments being made is and it's surely one reason is the tensions in international trade tension as a problems are in the automobile sector they are in the chemical industries. machinery sector susie's are all sectors which export

a lot so we see the problems in those sectors so that's part of the problem and another part is that in particular the automobile sector we see a structural change so they have to adapt to the digital world and say also have to even more. to talk climate policy toward to build electrically killed and also today we heard from the chances that we also want to put more in hydrogen and then saw so they have a real task ahead so it's not just business cycle it's also structural but d.c. there's germany have the people that it needs to actually start to tackle these challenges the challenge of modernization. what we see was the large firms and also was our kind of hidden champion source smaller firms but but really you know it's a front. they have the people but they are not just you know fixed to germany so they have research shops in germany but also in california in china in france so around the world what is small sum is the small and medium enterprises and we see

in our data as it so far they did not invest as much as they should have done in training the people retraining them and also in research and development so maybe that's kind of supposed to think we are going to be made was that because the economy was booming there of time to do it so maybe you know with going in a downturn that that will help to really focus on what's coming up in the next years. well thank you professor hakim from back from said a w. the economic think tank here in germany and that's it from me and the business team here in berlin for more from us you can find us on our web site w dot com slash business thanks for joining us.

where i come from we have to fight for a free press and was born and raised in the meantime dictatorship with just one to the shadow and if you newspapers one official information as a journalist i have more of the strength of many cantrips and their problems are all the same 14 social inequality

a lack of the freedom of the press and corruption who can afford to stay silent when it comes to the fans of the humans on seeing the microphones who have decided to put their trust in us. is jenny harrison i work at the. oh and welcome to news from the world of arts and culture the winner of the german book prize has just been announced we'll have a report about that in a minute also coming up. in our series 100 german must read a book by this year's winner of the nobel prize for literature page 100 words from memory we've been is. already doing concert performance performances

even though he hasn't finished his studies that's because he's only 12 years old. and horror movies that can't be true often inspired by real scientific discoveries an exhibition in los angeles looks into scary science. the german book prize is awarded by the german publishers and booksellers association to the best german language novel published in the last year it's announced just prior to the frankfurt book fair which starts on wednesday and is intended to draw attention outside germany to authors writing in german winning book will almost certainly be translated into english which is when is such a stunning shit who came to germany of the age of 14 as a refugee from the.