the value to deport them from the country present or the one said he also wanted refugees to go. but voluntarily as the turkish republic enters its 2nd century, it faces a lot of open questions. for now, they will be answered by the man who is ruled at longest and took is leroy song directly longer is following president or the once re election. kite ferguson has more on that after so frank indeed all the business i'm tired. great in building jungle like the doors, the scoring we say they were about never giving up sports flies every weekend on

dw d, w. 16 talk we in fact, every day the world crashes. i used to work for free time like because we can take the different w call the world and also your info and all the input w stores. now on to the strong mind and a weak economy. rest of type are the ones election, victory, sens, turkey, deliver it to a new record and low. we ask what impact another 5 years of ad one will have on an economy already crippled by installation. of the company of $810.00 to the deal is

done. we'll look at the compromises. democrats and republicans has made this table a potential us that the business need of the business. i'm kate ferguson. thanks for joining me. turkey is and barking on another 5 years with rest of type i had one of the helm is victory. against bible come on, coach car lou comes in mid a deep economic crisis is the cost of living continues to for analysts are now wondering whether ad $1.00 will abandon his unusual policy of lowering interest rates in a bit to 5 inflation, rampant inflation, dwindling for and reserves a currency crisis. once again, the responsibility of president of age of tire, 31 who are secured the presidency and extended his will into a 3rd decade. it's a win that some voters are unable to wrap their heads around. look sharp,

i am surprised by the price is how can it be that carrots costs $50.00 leroy, meet $500.00 li ross asians. that's a lot to them. and how is it possible that people see a vote for such a government? yeah. can go to the turkish lira slumped to a new record low on monday, the currency of loss, more than 90 percent of its value over the last decade during his victory speech. or to want to acknowledge that inflation was the most urgent issue facing turkey quad. so if anyone can do it, we will uh so yeah, the interest rate has been reduced to 8.5 at the moment. and you will see that inflation will also decrease all things. but economists doubt that everyone will improve the current situation. the widely held consensus is that his aversion to raising interest rates is a main contributor to soaring inflation. as a result, turkey central bank has spent an estimated $177000000000.00 to prop up the lira

since december 2021 alone. deepening deficits, deterring for an investment that makes an economic recovery extremely difficult to talk more about this. i enjoyed that by do, but it doesn't even for her outcome, it keeps a chrome we saw it in the report. is that by all objective measurements, turkeys economy is in dire straits in that context. how are we to interpret? are the ones when here? well, for starters, you know, the voters are for the ones that they did not want the position. so i believe the sentiment is that even to add one is responsible for this cost of living crisis. that means, you know, they, they feel that it's would be him to fix it. so therefore we have just seen that are doing reading exactly the same amount of fluids as he won in 2018 evictions. but are the ones we also needs to business as usual? so it's, it's reasonable to expect more term with more,

more inflation and maybe the interest rates. okay. and speaking of that problem of more inflation and lowering interest rates, do you think there's any chance of ad one will reverse this? very unusual policy? looks like no, there is no chance because yesterday, in his week towards the future basically said the dislike because i called they lowered the interest rates that it would be the same way they, they would lower the inflation. nobody knows what that exactly means, but we shouldn't basically expect anything that's different from, from what was happening in the last winehoff years. and i want to think you mentioned different, there was a tooth designing an economic team with international credibility, but we didn't see, we didn't see anything that, that he says that, you know? yeah, we know it's bad and we're going to fix it. we're going to change the course. no, we haven't heard that, and i think we shouldn't expect that. okay, so you mentioned the international kind of bill. is he there? another problem? turkey house is that is foreign currency reserves are dwindling. how serious

a problem is that's it's indeed very serious. the for the next change was us a stroke, extensive bank just dropped to 210. the oldest of minus 0200000000 dollars. so that's where serious. so this, this kind of deficit has to be filled in one way or the other. that means that more taxes more uh, higher, more price hikes and more inflation in the future. because you have to feel this that's to run the state and the economy at the same time. and we have, we have no signed form signed for an economy back tracking of pointed to back tracking just to just fixing this problem. we also have to keep in mind that turkey has a new norm with stripe deficit that it has to deal with that occurrence of crisis. and you mentioned earlier to me that there are some analogies with other countries like argentina here. what, what is the comparison between those 2 countries? well, as you know, origin tonight is buckling with

a 106 percent inflation rates. ritz 9 to 7 percent interest rate. so that shows us as optis of to point it. it won't work, no matter how do you back track your policy is no matter how much you raise the interest. because if you chris, if it costs 3 little stakes, you will arrive at the point of no return. and i, i believe for turkey, this crossover point is there, it hasn't arrived there. so from here on, um, yeah, we will be able to pull up this the morning station, more crisis for a foreseeable future feature and accelerating price. okay. so fundamentally is that where you say it's going to more economic term while. so all the indications suggest that this is not going to be fixed by conventional and measures are long, will not go down that road add on, is obsessed with investment and growth. so he believes it's lowering the interest rates with attract investments and but the reality says otherwise,

because investors would look at as stability and predictability, which there is in kentucky at the moment. and i don't believe we will, we will, we will see that's in there for cbo feature. okay, k g, thank you very much for your input and, you know, moving on to some other news here to some of the short global business storage. germany's inflation rate is expected to fall to 6 and a half percent in may of the lowest level in more than a year economist surveyed by voice. here is a tribute the full to lower gas prices on the introduction of a nation wide $49.00 euro, monthly public transport tickets be care of pm central bank is unlikely, however, it to be deterred from raising interest rates. again, china is for us domestically made, passenger aircraft, has completed its inaugural commercial flights from shanghai to beijing. the c 919

was built by state owned company co mac, which is hoping to challenge airbus and boeing's dominance in the single iowa jet market. while co mac designs, many of the parts western firms supplied key components you as president obama is urging congress to approve a deal to raise the mind to the government can borrow in order to prevent the country defaulting on its dest. over the weekend democrats on for public ins reached a compromise which would see temporary spending cops in all areas except the defense, while upholding the clean energy commitments, immunization, reduction of the us precedent and the speaker of the house republican carrying the car, the work to saturday night to reach an agreement, it takes a attractive catastrophic to fall off. the table protects our harder and historic economic recovery. and the agreement also represents a compromises means known. got everything they want

to take back to your budget deal is big part of the compromise. spending will be flat for 2024, but defense spending really increase in 2025 and the budget increases will be kept at one percent. it means for 2 years. neither democrats or republicans have to worry about hitting the government's debt ceiling. how much data can can issue that could table that contentious issue for now? lifting the current to us that limit of $31.00 trillion dollars will allow the government to meet its financial obligations. tens of millions of public sector workers will continue to be paid on time, alongside social security payments,

and else care subsidies. experts at warner, us government, the default would have cost the us economy millions of jobs. so now support from both democrats and republicans will be needed for congressional approval to avert the projected june 5th government. i want to take you to ice funds, know a country that generates a 100 percent of its power from renewables to a thermal energy has long been used to he's homes. but in recent times, it's also become a wait for farmers to produce fresh produce all year rent, a g, a terminal energy is iceland. so leading source of energy use to eating nearly every household in the country. it provides around a quarter of iceland power needs and from us needed to in this green house, an hour away from the cubic homes you to a guy a store to gross strawberries. that means maintaining the right conditions,

including the perfect temperature, a $16.00 to $17.00 degrees celsius during the day, and 8 degrees celsius at night. this gaze up helps provide energy to a neighborhood. water is pumped up from the depths closer, every 15 minutes, close to boiling point, the water flows to the greenhouses via pipes. and this palm can 12000 on gross for different types of tomatoes over an area covering 10000 square meters . he is iceland largest producer of tomatoes for somebody that has a good project to grow. no, with green energy. so i think it's uh, you can be really proud of, of the filter from the market. but we can say it's maybe not the cheapest cheapest frontier, but it's a good quality on, on policy, which is so important. locally grown produce can cost up to twice as much as

imported food and wine. it has an abundance of to you to and my energy i spent has a tricky time. harnessing it for export, but it can play another road, says geologist trying to a new some. well, i still have to bring to the table. it's more know let's on our experience on and, and guidance to other to other maintenance on how to proceed. and so we can have, but i think we would be much more has been that way to really yeah. get geothermal . get that spinning a globally nielsen works with customers in europe, east africa let in america and asia, advising them and how to best hon is to you to them the resources that rastafari show. thank you so much for watching. so more you can always check i d, w dot com slash business. we're on the vineyards youtube channel as well for me and the entire team here in berlin is bye. take care

the the turkey selection is over tied to remain president despite corruption, high inflation and an autocratic leadership style. how does he maintain his grip on power? and why does he still have so much support? they're the ones world. the d, w. a pulse, the beginning of a story that takes us along for the ride. it's about the perspectives culture

information. this is the, the news w mines. we've got some hot tips for your bucket list. the magic corner track spot for food and some great culture. laborious to vote. w travels off. we go, the, it's a fine evening. it is timble, and people are preparing for a top soccer game. in the bishop tash district of turkeys, largest city, everyone supports their local club cobra. she's tosh.