world. therefore power and boundless ambition have plunged the middle east into a grave crisis. to rival princes of the gulf story november 27th on t.w. . by a whisker germany as scapes recession as some experts say no broad sea for station here europe's largest economy is in a de facto stagnation. germany hails tesla's decision to build its 1st european factory in the berlin area to take you to the site of the project and keeping the peace young colombian business people who helped expose the fight as we integrate into society. and then fizzle and let's do business few germany has

narrowed the avoided entering a technical recession economy grew by point one percent in the last quarter surprising analysts who'd expected stagnation it would feel as europe's economic engine was headed for a recession off the growth slowed in the 2nd quarter it's borderline germany has struggled as a result of the u.s. china trade war and slowing global demand. was a joins us from the economic effects achieved in munich what is the problem here we have full employment order books a full life is good. duff the german economy currently has 2 faces for most of the people i would say that life is definitely good this is the case for those who are working in the more domestically are sectors of the german economy that this in services in the retail trade or in construction this is the part of the g. german economy that is currently doing well on the other hand the situation is

quite different in manufacturing where production is shrinking for more than a year now and here in this part of the economy german workers are currently afraid of losing their jobs so it's not a recession but we are close to stagnation how dangerous is that well stagnation is of course better than a contraction or recession but the best of course would be cruel with the for the german economy and i would say that the sooner the manufacturing industries getting back on track the lower is the risk that the weakness of this part of the german economy is spreading to other parts of the economy and the higher then of course in the end is the chance that we will see growth again in germany but but when's that going to happen because the dangers are all from abroad we're talking about breaks that china trade wars every economy is being hit right now not just germany yes that's right but the german is a condom is much more affected by these risk than others economies and this is

simply because the german manufacturing sector has a much larger share in total production at the moment i am slightly optimistic concerning the outlook of the risk of further escalation of the trade war of a hot breakfast it they have formed over the last month and i think this is a good sign for the outlook and this is also reflected in the latest business climate indicators not only in germany but also in other countries which have stopped fall'n or even increase almost as a thank you very much for the interview. trade frictions are seeing china's main growth engines folder its services sector is no longer booming putting pressure on jobs retail sales growth is at a 16 year low and china's factory output per significantly slower than expected last month global and domestic demand a weak china's trade war with the u.s. is dragging on japan's economy now he stalled during the 3rd quarter growth of

point 2 percent is well below the previous 41.8 percent. building a mercedes back yacht this is bold but it's what tesla c.e.o. we all must is all about is good factories in which robots build electric cars and batteries have been springing up like mushrooms the germans are slow to shifting to immobility but even v.w. is converting one of its east german plants into a pure a factory announcing it'll be europe's top performing electric car factory but along comes musk just days after the state said it had boost subsidies for buyers of electric vehicles. somewhere around here is where tesla is european production plants will be located or is the law must cause it the next gigafactory the most recent one is in shanghai finished this year it took only 8 months to build at a cost of $2000000000.00 musk financed it with the help of chinese investors for

the german site accusations that state subsidies have been offered have been made berlin denies that. klout is. obviously if tesla invests in germany if it creates jobs then we were treated exactly the same as any other corporation in the automotive sector we would treat all players who invest in germany equally and it discrimination free man or i there are 2 other d n. a 100. ilan must broke the news of his decision at an event in berlin it came as a complete surprise there wasn't much detail but there was soon talk the thousands of jobs testers website already lists vacancies staff will be producing batteries and the model y. and electric s.u.v. 440000 euro's with a range of 540 kilometers. german electric cars are also expected to achieve that

kind of range but they'll be cheaper like folks bargains id 3 choosing germany wasn't a roll of the dice this is your biggest market the country is home to test as main competitors and there's a huge reservoir of automotive engineering talent brandenberg also generates huge amounts of wind energy something also said to have influenced musk's decision. you will be able to produce climate neutral products in a climate neutral way in the future we've got the wrong materials we've got renewable energy in brandenburg and we're top of the league in germany. with a lot musk having already promised to put humans on mars by 2025 it should be easy enough to put a gigafactory in by 2021. well there are reports mom says the british missed out on the factor because of brits it is a huge win for great a but then there's a lot of tech here and start ups but no real new production since the 2nd world war

and when the wall came down most manufacturing was shut down. what about the competitive landscape of to our financial correspondent charles he delayed he chose the german come make is going to come out with that he brings next year so there's going to be quite a lot of competition and as we heard this cheap. tesla certainly going to be entering a very crowded field tesla already does have a presence in europe they have been selling the model 3 which is one of their affordable vehicles and it's been basically the best selling electric vehicle in europe over the past couple of months but as you said volkswagen b.m.w. they're all going to be rolling out dozens of electric vehicles over the next couple of years including some that are more affordable and also many of the a luxury market that tesla really plays and so they're going to have their work cut out for them and really securing customers but but the upside for this is that it could really push these all these automakers to really do more and terms of

electric vehicles and stick to their production timelines after germany has been seen as as lagging in electric vehicle adoption if they sort of got the competition they both sides of the competition and both are in the race to win the. billet prize it's going be a lot of money i'll be so riding my bike. i was says it will make job cuts to save over a 1000000000 euros by the end of 2022 maker of a savings cars is it needs to reduce its personnel bill to help fund the switch to electric vehicles it's not yet clear how many jobs will be lost or what sectors chairman over there killing us says dialogue has to act now to stay successful warning of a hit to profits over the next year use. the peace process in colombia is facing new challenges that could endangered deals signed by the state and form of guerrillas but there's also a new push from communities to strengthen peace with the government business people

are supporting projects that help extra the fight is reintegrate into society you visited a textile factory and brewery that have got involved rubin. is checking the brewery equipment the beer lot oha is one of the items being produced by former farm rebels following the peace agreement between fark and the government just like a group then about 3000 exploiters live in these camps made for x. park members to reenter society the former fighters receive the equivalent of $200.00 euros a month it's the same money that finances the brewery. even though it's very popular seal's income doesn't cover production costs. which is good but you know those in the know that colleagues gave us the brewery in the fermenter they buy them for us and trust us to take care of them where racking up debt to keep the project going we end up working just to pay off the debt. was there on this body

bag on the day with. it's a problem that the ex fighters and the cooperative weaving for peace know all too well here just a few meters away from the brewery clothing is being assembled the factory is only able to stay open with the help of a small company called money fiesta from bogota the entrepreneurs design and sell the clothes at the cooperative. but a little bit of not my thing but for us the reason behind it is the most important thing the story of the x. fighters who are using this year as a chance to once again become a part of society by having whatever. the clothes sell well but the factory doesn't have the necessary resources and machines to help the exploiters live from their sales. colombia has invested 8000000 euros in government projects independent projects like little house or money if you don't receive any

support but government representatives emphasize that their financial aid is helping 50000 people and they finance a new project every 10 days. see the entire white building will be available if there was another place on earth that founded a new company every 10 days it would be considered the most productive place in the universe might succeed does not build years. many colombians are against the peace process the situation has gotten worse since 2 former high level fark leaders once again took up the armed struggle against the state for joshua one of the agreements negotiators this situation means it's more urgent that exploiters find success in their projects is to call them reality going to be able to view these colombian men and women live in a world where dealing drugs and illegal mining attempting alternatives will fall to

all. their states has to offer them better opportunities that are more attractive than criminal activities or hey let's get it out if of the economy if you've got it and her and the manifest a team know that it won't be easy but they and the ex fighters want to prove that little by little peace in colombia is possible. clinging to peace in colombia and escaping recession in germany now you're up to date us doing business with you.

i'm sure that of us are. in support. of what's able. to breathe. 'd deeply in a. wait a 2nd. we want to hold the ship the facts instead of make ideas shift delivers.

the realities of cryptocurrency to your topic for live in an ever changing digital world let's start with digitize ation. ship. hello and a very warm welcome to news from the world of arts and culture we'll be visiting a big retrospective of one of germany's most influential office of the 20th century mountain kippen bagga also coming up in baking bread our intrepid europe correspondent. is attention to a traditional bread of spain combined with a humorous look at the politics there. and a british photographer who makes cameras out of well almost anything including

cheat. monte kiffin bag-o. was one of the great. 'd german pows well contemporary art he was incredibly prolific producing thousands of works of all sorts of artistic endeavor including even 150 books in his short life time he lived on the edge and died in 1970 of liver cancer just 44 years old right now a museum in the western german city of ball and he's holding a huge retrospective of his work which reflects his extraordinary production in all its facets and cold tends. provocative cynical sarcastic artists much in keeping fun of almost everything including himself. pope benedict personally complained about this iran.