discover who. subscribe to the documentary on you tube. no vote for a delay request and a defiant prime minister with only 10 days remaining the breck said saga continues but markets don't seem to be bothered we'll get the latest from london also coming off we take a look at how companies are reassessing their ties with turkey over the country's incursion into syria and malaysia is the world's 2nd largest exporter of palm oil well how does the country cope with the korean criticism of the production of the 1st talk crop being on sustain. i'm chris colfer welcome to the program

still no solution to bragg's it but believe it or not there is optimism on the markets. the pound only slipped after a weekend of wrangling over britain's exit from the european union sterling had traded at its highest level in 5 months at the end of last week following a deal between the u.k. and the e.u. to avoid a hard break that as parliament voted against the deal and forced prime minister boris johnson to seek another briggs and delay uncertainty was back on the trading floor. but it's close over to mike hewson he's chief analyst at c.m.c. markets michael the pound is hanging on to most of its gains as we just said is that an indicator that markets do expect an orderly brags that after all.

i certainly think so if you look at the price action for the pound over the course of the past 2 weeks we've seen a slow rise will actually open slower it's been a quick rise from 122 against $1.00 to $129.00 a month back at the highs that we saw at the end of last week so after a brief dip because of the saturday july i still think there's widespread optimism that boris johnson the prime minister will still be able to get his to throw and really the only question is what type of extension the european union grants and i think that's really what's defining the markets at the moment does boris johnson get his deal through if he does he'll probably get a short extension in a similar fashion to what we call in march when we got a 2 or 3 week extension to pass the legislation which ultimately never happened because the deal go voted down 3 times or we get a longer extension market surprising out the imminent prospect of a no deal bricks but then no matter if it's a hard deal. or not there is still the question of impact and we see is that he's

saying that about 80 percent of small and medium businesses in the u.k. are unprepared for either outcome that's absolutely right and i think this is where the transition comes in because what the extension will do is all maintain the status quo if we get a deal then we're on the 1st of november or to predetermine dates in november or january and we get a transition period after that so i don't think there's any imminent concern about the short term business impact i think the bigger concern is what happens after 2020 when the trade discussions a jew to finish my good years in london thank you thank you. because in northern syria still fear that there will be ethnic cleansing that's according to the new york times despite a u.s. brokered cease fire between turkish and cornish forces the conflict is far from

resolved turkish president dresser type add on will meet his russian counterpart vladimir putin later today to discuss it as many leaders have condemned the turkish incursion a growing number of companies are now reassessing their ties with turkey near the city of izmir on the turkish aegean coast folks log in was planning to build a new factory an investment of around 1000000000 euros the plans have progressed quite far but now they've been put on hold the german automaker says it will not invest in a country waging war. a similar response comes from b.s.f. the chemicals giant has 3 production sites in turkey now the word from its german headquarters is that it will make no more investments in turkey for the time being as long as the incursion in syria continues the reactions from the 2 big investors come at a difficult time for turkey the economy is in crisis. g.d.p.

growth declined from 7.4 percent in 2017 to only 2.6 percent and $28000.00 in the wake of the currency crisis and this year looks to be heading into the red analysts expect g.d.p. to contract by at least 2.3 percent this year. the syria conflict could intensify that downward trend not only are investors running away but turkey could face punishing economic sanctions from the u.s. and other countries well for more let's bring in at all yochanan he's an economics professor at the university of applied sciences and constance welcome to the program at all fucks like a house but plans for a flat in turkey on hold was that the right move. well many observers were already surprised by the decision of folks who are going to invest in turkey because the political and economic uncertainty in the country has been so high over the last years and from this point of view it is

a real chance for turkey but given what we have seen the last 10 days and massive acceleration because of this military conflict but also the economic conditions are hit by this uncertainty it is absolutely understandable that a private company largely private company is not going to invest long term investment in such an environment now despite this cease fire that the u.s. helped to broker economic sanctions are not off the table. the question is though are they the right approach it seems that prison at one isn't affected in any way by it his mood didn't really seem to change. yeah i think it's very important here to emphasize the discussion what i observe is a lot about the president and the government but it is important to emphasize that there is a massive dissatisfaction within the country within turkish citizens how the syrian crisis is handled also by european countries 3600000 refugees are

living in turkey 400000 children syrian children have been born there and a core question which has not been on survey is what will happen with this people over the next 1015 years in light of the fact that the turkish average household basically has problems to pay the school costs for children so that in this environment in increasing economic pressure of course creates a reluctance for international investors but i have my doubts that this is going to solve the problems for europe and for turkey and for the whole region so we need a better handling off the european union also of the situation and sanctions i know i'm not going to comment on the military issues but sanctions will worsen the economic situation and this will basically increase dissatisfaction in the turkish poppy population and i briefly what are the demands by the public. they

want to that syrians are going to leave the country with a with a time plan there's no must we need a perspective where this people are going to stay with the next 10 years i mentioned almost half a 1000000 children i mean you have the financial problems of the citizens in turkey why should turkey just accept europe's position that we pay turkey the money everything is fine but this was the wrong i think. expectation of the european policy turkish people people do not accept this long term threat that you just to keep people in turkey and receiving money from europe that is not a solution from turkey perspective at auction professor of economics at the university of applied science and konstanz at all thank you so much. thank you palm oil has been linked to rain forest construction and climate change that's led the e.u. to phase out imports of palm oil for biofuel raising concerns in malaysia after all

the country is the world's 2nd largest producer and exporter of pomeroy the government now says it's taken efforts to accelerate its model of sustainable development specifically for the local palm oil industry. every single free cheese valuable yesterday the harvest health has been here now said you might have every is gathering the fleets that fell on the ground there very right so he can get more money for them he's the proud owner of a 5 heck tap palm oil plantation. yeah. i know that europeans think badly of palm oil but it has so many good sides that you people don't know about the oil is healthy the trees are robust and we are much more environmentally friendly than people think. as he carries out his inspection round he gets the news that shocks him the e.u. plans to phase out palm oil based biofuels by 2033 thinks the decision is

absurd and he says now his fast growing oil fruit will be replaced by soil rape seed which he calls worse for the environment palm oil has been called malaysia's golden cross it's lifted foamers out of poverty and spared the malaysian economy in recent years in the capital kuala lumpur at a meeting of big palm oil companies the e.u. decision was the dominant topic the producers say war has been declared and they have lost the anti bomb or lobbies are very very strong and ready for one of the problems we face with the n.t. palm oil lobbyist these lobbies do not make an attempt to differentiate palm oil coming from different from us or nations and we have already always stated that malaysia dusted differently. this oil melba loads of palm fruits arrive by the

minute this is production on an industrial scale malaysia is the world's 2nd biggest producer of palm oil off to indonesia the fruit pulp is separated from the kernel to be pressed then the oil goes to a refinery to be processed into cooking oil or bio diesel. on the outskirts of kuala lumpur lim tech when takes a look at one of the sites that infuriates him this new home construction site was rain forest just a few years ago a unique ecosystem but although the forestry expert with the organization rescue is committed to preserving malaysia's rain forests he's concerned about the e.u.'s actually cheated unfortunately palm oil is a fact of life and forests are continuing to be developed now the question is whether or not the e.u. countries in the e.u. will work with the groups in malaysia who are like myself who are trying fighting to save the forests or that you would just say sorry and disengage and say no

the malaysian government has pledged to keep 50 percent of the land covered by natural forest but environmentalist believe that more forest is making way for plantations them people realize. and that's our show for more as usual you can go to d.w. dot com slash business or follow us on social media i'm chris called rambling thanks for watching everest officers. to him.

to. make him from people make fun about their own social economic and political problems. in mozambique we say that you have to laugh so you don't write it's how people called the thing they do. as a journalist. is focus in the back by a local. elected staff may day by checking all those jobs finding out what people are talking about what is moving them. my father taught me how to ask

uncomfortable questions about my country and multiple that is why i keep doing to speak my name and i work at g.w. . thank you. yes men seem in goma exults in opera but he earns his living driving a taxi in his hometown of durban south africa. the la economy a passenger took a video of him singing and it went viral. he's going high. but is the hype enough to launch a real career caron 0000000 was

no most bought the. old. men he knows every street and alley in durban he's been driving on them for 2 years now and when he drives he loves to sing often to the surprise of his passengers was all was sure. but isn't that it's a radio old saddam city your and yes besides all that bad play i'm just about just going at that level and then the last. thing is that is that really. since the video came out his phones hardly stopped to ringing with invitations to castings inquiries from sponsors and bookings for performances to take this.