so much for reporting and for that report that is due to these correspond, right? so you purchase there and that is your news update at this hour coming up. of course cobra has your business business around up if you want more news or analysis . you can also go to our website at www dot com. i'm sorry, richardson in berlin. thanks for watching the discovery issues with a lot. see what crazy. the, the, the is,

it is someplace power and key, more people than ever on the move world wide and such are based on life. i suggested in cardboard. that's sort of what i find out about bailey story. info. my grand, the german industrial output is down for a 3rd straight month finding fears of april long the downturn and yours largest economy. well, that expert analyses on what the biggest problems are and how to address. also i'm the show will take you to an italian town where dozens of companies have made it their business to give passion from all over europe. second release. chris coldwell, welcome to the program. good news about the german economy is hard to come by these

days. instead, german industrial production fell for the 3rd straight months and july. it is the latest news signing fears of a prolong downturn in your largest economy in which companies are facing, among other things, high energy prices, sluggish global demand, and a situation in which competitors are now setting benchmarks on new phrases popping up among german car executives. china speed, that's how fast they feel they need to move to catch up to the chinese car industry . that's grown into a battery powered jug or not. at this years i a or international mobility show. there were no less than 7 chinese e vehicle brands on offer. and even some of the traditional fans of german cars, middle aged and older german men who make time to visit an auto show in munich, even they are starting to get curious about competitors from abroad.

green. so it's really exciting to use. yes. i wouldn't buy a chinese electric car and i still drive on my status at my age, the great car and the combustion engine. then this is what i have to look to the future so. so when i compare electric is clearly great. the ac is showing in the federal tone once you need some of the city, the chinese, of course, better when it comes to pricing, then fox walk sick. man, i'm very disappointed by folks locked in place for me for the the numbers don't lie and they aren't looking good for german carmakers abroad or at home. this year all electric chinese car maker b y d overtook volkswagen as china is the best selling brand. here in germany's, the auto industry shrank by 3 and a half percent in june compared to the previous month. that drag is slowing down. german industrial production at large would shrink by one and

a half percent during the same period. i'm trying to has a huge electric car box. no, jeez at developing that when your piece going, increasing electric is now one does a kind of things as a good markets grow into i think, i mean i think most tossed ages just kind of that phones and that tension, they all come guys in to the pushing your pain phones, but this is an emotional shout was a challenge for them to come and say we should be taken seriously. so you can get, you can see that cause next to the stablish. the stop you from the german government is rushing to respond to production concerns in the country last week and approved 32000000000 euros in corporate tax cuts over 4 years to help revise production in europe largest economy. this week it announced plans to massively expand the charging stations around the country, and the government is also proposing cutting down on the amount of paperwork needed by businesses. but in a country where 80 percent of companies still use fax machines,

it's unclear if german odometer is will ever hit china speed. for some more analysis most bring in august meeting is the chief economist at barren dark bank. welcome back to the program. hunger is the situation of germany's car makers somewhat emblematic for the german economy as a whole, once pretty innovative, but by now complacent ended victim of its own convoluted ways. or what some one is probably the right way to describe it. yes, germany as a who would enjoy to go decade from depend depends on what's the country in terms of expecting on the policy. and the companies in the country to some extent became a bit complacent based on that success. still the problems of the caustic, the bit special because china, s the boss resources at the site though china has basically bought it. so the technological lead in pots of electric mobility at huge costs,

in terms of missed opportunities for china to spend the money back to china so that you can buy a market share, even if it's expensive, in the sense that china really has too much domestic debt. and the german cost that goes at the receiving end of says all the sec doors up from probably a bit less, probably extracting from energy intensive industry. let's try to take a look at the big picture here. i mean, there is a series of worrying trends within german economy. we have weak industrial output. we have problems in the construction sector and declining private consumption, which is the most severe the most troubling, as well as the moment is declining industrial output. germany is that heavily industry depends the economy. it is depends a lot on exporting goods through the world. and we see shop down to an in global manufacturing. pop, the inventor. we correction of the companies boot up

a lot of inventories early in the late last year. one, supply chain, link fence had ease, but this invented correction. and global manufacturing is temporary. that within like c, b o the, the, by the end of the year. and i look forward to some of the balance in manufacturing solving probably next spring onwards. germany, it still has significant strength so far it has a record of employment and it has the strongest physical position of all major european economies. in the sense germany can whether there's a significant 60 goes down to. yeah, the same time over. there are so many industrial companies who are complaining about various things on top of the list is high energy costs. so how do you, how do you figure. 3 should be dealt with that. i mean, some of the german government are proposing the state should temper life subsidize energy for big industrial companies. what probably energy costs are indeed

a big problem, but they have not the specific jill and problem. they are basically the european problem relative to say, the us and some other parts of the word sacrament as the most energy prices in the world. well, actually not really enough to energy prices for argue this in some countries in europe actually higher than just the general price is a higher, but they are not the heights. the point is they have cost risen significantly further in the weight of proteins onslaught on ukraine. and no energy intensive industries. indeed, leaving all pondering to leave. that however, does not mean that a lot of capacity will be lost for good. after all, we have a serious shortage of labor. still, that is people who may no longer find the drop in parts of the chemicals. we're probably once to come and sit down to it is over, find a job elsewhere and be productive and other sectors of industry or services. i

guess meeting aaron back banks chief economist hoggard as always, thank you for your thoughts and up to some of the other global business stories making use china as foreign trade slumped further in august in ports we're down more than 7 percent and experts down almost 9 percent here on here demand from the broad has not fallen every months since april. the world's 2nd biggest economy face as major headwinds. with a worsening property slumped consumer spending staying weak and slipping, credit office space group, we were told as landlords that have plans to renegotiate almost all of its office visas, around the world. as a part of it strive to cut costs. this comes after the companies warning weeks ago that there was, quote, substantial doubts over its ability to continue offer. president joe biden is stepping up efforts to boost the us role in fast growing economies in africa. latin

america and asia was trying to state and party leaders, asian ping skipping this weekend's 320 meeting and india was provided was the sub partners and alternative to the agents building road initiative, which was fun is billions of dollars to developing countries progress. here's of a death trap. here in europe, the business of eco friendly clothing is growing and italy's textile industry is doing his best to keep up. prato is considered the powers of sustainable fashion with a $150.00 tech stock companies processing 2nd hand clothing from all over europe. this used clothing been could be in almost any european city. but no matter where it's located, chance to solve the clothing, we'll end up in plateau it to be towards the tech, find the recycling capital around $150.00 of to $7000.00 tech 5 companies here are involved in recycling. used close from germany,

austria and switzerland. and up at fall about $200.00 on june of the warehouse. he recess to charge off the clothing. most of the 2 optical, at least to the whole work next door takes the last toward. our family business has been turning us close into john and fabric for 4 generations. then amazing begins indiana to discard it's crops will become new yarn and rule. it's a complex process that stops here. no submit p o goal is to restore the your inputs original color. we separate the colors and then our machine turns directly into a kind of tie of a pump. that way we restore the original color without chemical dyess fence and i don't see there's that chemical dies that only one of the problems in today's tech side, industrial world wide, 20 percent of water portion comes from diagram finishing fabrics. that's another reason why it was cycling use floating is so important for

a company process is up to $25.00 tons of public per day. the final product of this fluffy fibers, the recycling process continues in a nearby factory. the fibers are turned into john and then fabric. every european buys, on average, 26th to those of textiles per year. most eventually ends up as loud for incentive prop to the re full start top is already selling recycle design of freshman around the world. a video more, it's like a sense of, of what we're seeing that more and more people are interested in these issues and are willing to buy less clothing, but spend more on quality. and it's the opposite of foss expression, which is what we had until just a few years ago. mom, you know, was the one that i thought it was the one time living there used to me on even people like new color. and all these are showing that sustainable fashion is more than just a dream. and finally,

a soft blending of the unpleasant kind. brian air c o michael o'leary took to cream pies to the face and brussels in a protest action by 2 environmental activists. mr. larry was hit with the pies as he held as one man protest outside of your team, commission against air traffic control the strikes and the you, the ryan, their boss left off to start cleaning cream pies. where's favorites kind of take? the pine came as reiner pilots in belgium called strike action. this invalidate report. you're going to submit to a and that wraps up a program for more check out our website at www. dot. com slash business and the dw . use youtube channel. chris coburn. roland, thanks for watching. have a successful the

a bit of homeless fun to briefly so guess about the war and address of the forces he on the blocks so ukrainians. this is the 2nd summarizes in fear of the russian attack. our focus on europe next on d w. the imagine that you're eating a hamburger and as you're biting into this juicy bird or your dining companion says to you, actually the hamburger is not made from cows. it's made from golden retrievers.

2 2 2 2 2 2 2 in meeting cultures around the world, people learn to classify small handful of animals with edible and all the rest of the classify as discussing the w series about our complex relationship with animals . the debate watch now on youtube. d. w documentary, the to hello and welcome to this week's focus on europe. my name is live show and it's great to be back. the number of people in europe who are dying of drug consumption is on the rise. while hard drugs are illegal in most european countries, portugal has a different up.