trying to hide a reminder of our top story to day ukrainian president vladimir lensky has been holding talks with turkish president ridge of type ardon and united nations secretary general antonio terrace. both urged caution over the safety of those upper region nuclear plant and southern ukraine. 3 leaders also discuss increasing ukrainian grain exports and a negotiated solution to the war with us, even beardsley is up next with business really for me and the entire team in the newsroom. thank you so much for your company today with her. i'm just kinda, i got tired and in the end is a me, you are not locked up to you anymore. we will send you back her. are you familiar with this with the smudges reliance of the what's your story

with. ready he wasn't, i wasn't women, especially a victims of vine, and i have to take part and send us your story. we are trying always to understand this new culture. so you are not the visitor, not the guests. you want to become a citizen in phil migrants, your platform for reliable information. ah, the u. s. anti wan lay out a plan to intensify their trade ties. it's the latest sign of us support for the island democracy in china shadow as an opportunity for taiwan is the tech sector. we have the details and turkeys flashes interest rates. yet again,

despite soaring inflation and a weak lira anchor, it keeps raising the minimum wage. but how long can it keep up? hello, welcome to the show. i'm saving beardsley and berlin. the united states anti one have announced they'll begin trade talks in the fall and have laid out the points of discussion. anti pay is eager for more u. s. investment and hopes to join international trade blocks. the u. s. is meanwhile, eager to show common cause with the islands due to its concerns over near by china, which considers taiwan its territory. a recent visit by us house speaker nancy pelosi to taiwan, drew sharp criticism from bay jing the island is the u. s. is 8 largest trading partner and a key manufacturer of semiconductors among other technologies. here's our type a correspondence. those on han with more well there are 11 topics covered in document that we've seen, but most of the focus are in this conventional us trade talks. so i will highlight 2 parts here. the 1st one is a trade facilitation because i want direct export to,

to the u. s. have been increasing over the past few years and us is now almost the 2nd largest trading partner for taiwan. so being able to trade smoothly is important to parts. and the 2nd important issue is digital trade. and we know the u . s. want to build new digital trade order in this region, and i want to always want to be part of it. and it, just, as i mentioned that the u. s. is try and again, it's important and also influence in this region. and i want to be ready to prove that they are in compliance with their rule. all right, so john hopkins, i paid their, let's go to yes quarter in new york in taiwan is already an important trade partner for the u. s. who stands the gain from better trade terms? well, i mean in general, taiwan would love to see a free trade agreement that really on the table remains to be seen. but we're talking a lot about technology, but also taiwan is

a big importer of us agricultural goods. so saw it being wheat, corn, beef just to name a few. those are dozens of millions of dollars each year. and then on the other side then they get the united states is helping for more imports from machinery. for example, for the industry specialized them fairly. conductors, so those are some areas that now sold, the talks are on a probably that will start in full in china, will have a reaction to this. what could that mean for us businesses? well, i mean, already you see some cooling in the economic her relations. so between the 2 biggest economies on the planet, i mean the u. s. and both actually try to become less re, i have low, reliable from each other. i mean, in the past 20 years. so, so, i mean, we created this term key america. so china buys all the u. s. debt, and then on the other side, america imports achieve a goods from

a china to put it may be a bit too simplistic. now america tries to produce stuff somewhere else, but in china, more and told. so that is one to a tendency, and china on the other side has already started to buy less or almost no u. s. a debt, meaning treasury so, so clearly that comerica has come to an end. there are still some dependencies, they won't vanish overnight about the relations clearly according nora jens quarter in new york. thank you. let's go now to some of the other global business stories making headlines. a u. s. court has ordered 3 drug store changed to pay $650000000.00 for their roles in the countries opioid crisis. walgreens, walmart, and c, v us must pay to find to to ohio counties to compensate for the costs of fighting addiction. the retailers deny complicity saying they merely sold pills, prescribed by doctors. the euro zone has recorded its highest inflation since the

common currency was introduced. reaching 8.9 percent annually in july. and that's according to the use statistics agency euro ste at. soaring food and energy costs are squeezing households and businesses across europe. once lation has been rising around much of the world, prompting central banks to lift borrowing rates, not in turkey. it's been cutting rates, and it did so again on thursday. economists say that's making things worse. 3rd, his business owners and households are now paying the price. it's frustrating for consumers and business owners. unlike rent and energy costs, rising businesses pushing up prices in response. but customers have less money left over for the likes of close shopping. the textile industry used to be booming and turkey. those days are over now. oh wow. oh i see if i can't buy any any more. everything's too expensive. the things that used to cost 200 lira about 13 euros

one or 2 months ago now cost 400 lira were just browsing, but we're not buying anything. many shops are facing bankruptcy, especially smaller producers because of the week turkish lira imported raw materials are becoming more and more expensive. has she are in the prices of everything for needles to thread have gone through the roof and we don't produce any of those things in our own country. unfortunately, that's our biggest problem is that the turkish government is trying to prop up the lyric exchange rate. but because president ad tuan is an avowed enemy of high interest rates, inflation is soaring to unprecedented heights really high up paul loser. were really the purchasing power of citizens as decreased because of the high cost of living. but i believe we can make up for these losses in a short time. if we manage to give 30000000 citizens work. and a regular income sunni tax is one of the big textile producers in turkey. here they

do their own dying and sewing, competing with asian manufacturers. the company can survive says managing director is at and tabby. some of his $900.00 employees own quite well, others just the minimum wage years, all of your home, there was a 50 percent increase in the minimum wage, but the cost of living has doubled. the wage increase can't compensate for inflation. it's a difficult time and i don't know how long this will last, sean, florida, nolan, nicholas vivian odom. his company could survive the crisis, but many smaller firms won't make it. and with it, many turks will lose their jobs. my colleague, mikey joins me in studio for more on this another interest rate, despite this 80 percent inflation. and that's just the official figure. are you surprised? well, i don't have given the size of this back in june saying that nobody should expect us government to increase the interest rates,

but they're going to lower it even more. but i'm surprised like everyone else because i, nobody expected it happening. nobody expected that they would do it in the middle of this, such a big cost of living crisis in turkey. so with this, with this move also, they talk to central bank admitted that they know that the inflation is out of control and they're going to focus on growth only. but this will be a growth at the expense of the lives of working classes where everyone does seem to believe that growth and job creation as we saw in that piece before that that will solve what he calls a cost of living problem. the turks believe this. no, of course not because the average turks, every citizens are the ones who are feeling the increase in prices increase in cost of living. and it's torture us for them every time they do, it is torture. it is one color. so a mistake after another, and when we talk about the growth in turkey, we're not really talking about the improvement in the welfare of every citizen.

we're talking about overall increase in the size of economic transactions in general. so growth means how well they think they're managing to touch economy, not how well the target doesn't start doing that. the turkish government has raised the minimum wage now twice alone this year, given this rate of inflation. how long can you keep doing this? before time runs out, not long for sure because it's time they, they lower the interest rates each time they make a move like this, it's reflected back on the lives of normal people and whatever rise they give to people in minimum wage and other supports. if it's operating it's time, so we might as well see turkey is going into elections next year in june, or may even ritz more than 100 percent, inflation actually is going to be very,

very interesting to watch. will this lead to more opposition against air to one next year? well, to answer this question, we need to know what our position is planning and what the position is, how a position is reacting to this so far. of course, like i said it's, it's affecting normal people. this is going to change their minds. this is going to affect their, their thinking and, and they are suffering. they are under torture, even with this. so of course there will be an effect, but it's still too early to speak about it because we don't know where this is going. all right, my colleague, mikey cci, here in studio. thank you very much. large parts of the german economy are worried about their energy supply as russia limits gas deliveries among them. undertakers, now they're considering what to do with their crematorium. so if the gas gets turned off, it doesn't take much to keep this little light on the eternal flame standing guard as another cline this going on one last ride. once the gate closest flames will

envelop the coffin at 1200 degrees, turning a body into ashes, cremating bodies. it's a solemn duty for those who work here. but it's also a highly technical job. and real world problems affect operations here, like the availability of gas to feed the flames. much of which used to come from russia. the manager of the crematorium has a plan. davia is his mom is miss vaughn, 1st of all because we don't know when the gas shortage might occur. for instance, from one moment to the other. we run our cremation facilities. 24 hours from 7 days a week by gas. so in the event of a gas failure, we would be able to continue operating the plans that are hot and plants that are cooler or off at the time. we would no longer be able to start up. that means we

could then continue to work with reduced power, cuffed by dial, bye. not letting ovens go cold at all. can safe crematorium up to 80 percent in gas, and it might be necessary any way. for years. the number of promotions has been rising in germany of around 1000000 people who die here every year. a full 3 quarters are being cremated. right, that's our show to check us out online. d, w dot com slash business for more on these and other stories were also on youtube or the dw news channel. thanks for watching a little odessa on the spanish kind of olga and her connie, to found a new home in the port city of kent in when the movers pout, ukrainians were here on

a business trip. now village knife is enriched by the young families who want to stay focused on europe. on dw is the end of the pandemic in site. we show what it could look like will return to normal and we visit those who are finding it difficult. he keeps his successes and you know weekly copays 19 special in 60 minutes on d w o i ended glistening place of morning the mediterranean

sea its waters connect people of many cultures seen of almost rock. and to far abdul karim drift along with exploring modern lifestyles and mediterranean, where has history left its traces. meeting people hearing their dreams, ready to renew journey this week on d. w. ah . ah, hello and welcome to focus on europe. it is good to have you with us today. the warren ukraine has been going on for about half a year now.