so bellanca faces american madison sees for a place in the for you what you need the you news business news is up. next i will see you tomorrow, the treasury strategy issues with a lot say what crazy. the

imagine so many portions of loans of turn out in the world climate change. the story faces more plants the way from just one week. how much was going to really get we still have time to act. i'm going to like this. the, the german industrial output is down for a 3rd straight month finding fears of april long downturn and yours largest economy . will expert analyses on what the biggest problems are and how to address also in the shop will take you to an italian town or dozens of companies have made it their business to gift fashion from all over europe. secondly, supply chris kolber, 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 month in july. it is due just new 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 said to the siding theory. yes. i would buy a chinese electric car and i still drive on my status at my age, the great car and the combustion engine in this is but i have to look to the future so, so when i compare electric is clearly great. i see is showing a anecdotal show on, on to new use in the city. the chinese are, of course, better when it comes to pricing. then fox wants to come in. i'm very disappointed by folks locked in place for them 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 best selling brand. are here in germany, 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 biggest new technology that developing that when your, if he's going increasing electric is now one does a kind of things as a good market to grow into. i think, i mean, i think it was fascinating kind of that phones and that pension they are coming. i've been pushing your pain phones. but this is a move to show is a challenge for them to come and say we should be taken seriously. so you can, yeah, 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 revive 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 amounts 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 in the spring in august meeting is the chief economist that barren dark bank. welcome back to the program hugger 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, as well some what is probably the right way to describe it. yes, germany as a who would enjoy to go decade from 2010 onwards. the country in terms of expecting only policy. and the companies in the country to some extent became a bit complacent based on that success. still the problems of the caustic got a 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 august like 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's a serious of worrying trends within german economy. we have week 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 it is declining industrial output. germany is that heavily industry depends on the economy. it is depends a lot on exporting goods through the world, and we see shop down to the globe with manufacturing pop,

the inventor. we correction of the companies boot up a lot of inventories early in the late last year, one supply chain lock defense had ease. but this invented correction included manufacturing is temporary, that within lights, the b o the, the, by the end of the year. and i look forward to some of the pounds 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 fiscal 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 by energy costs are indeed a big problem, but they have not the specific jo and problem. they are basically the european product of 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 in jump, the jump price is a higher, but they are not the heights. the point is they have of course, risen significantly further in the weight of proteins on snow, on ukraine, and no energy intensive industries are 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 know. busy to find the job in parts of chemicals, would probably once to come and 60 comes down to it is over, find

a job elsewhere and be productive and all the sectors of industry points up since i guess meeting aaron back. thanks chief economist, talker as always. thank you for your thoughts and also some of the other global business stories making use china as foreign trade slumped further in august and ports. we're down more than 7 percent and experts down almost 9 percent year on here. demand from the broad has not fallen every months since april. the world's 2nd biggest economy face as major head winds. with a worsening properties lump 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 a strive to cut costs. this comes after the company's 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 and fast growing economies in africa.

latin america and asia was trying to state and party leaders, asian ping skipping this weekend's $320.00 meeting and india was provided was the south partners, an alternative to beijing's building road initiative, which was funded billions of dollars to developing countries. the rise tears 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 be powers of sustainable fashion. with a 150 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, each of the, the words text find the recycling capital around 150 of to 7000 textile companies here are involved in recycling. used close from germany,

austria and switzerland, end up at solve about $200.00 on june of warehouse the recess to charge of the clothing mazda to optical. at least tis the whole works. next door takes the last toward our family business has been turning us close into john and fabric for 4 generations. then the major begins indiana to discard it's crops, will become new, yon, and rule. it's a complex process that stops here in the tivo, our goal is to restore to your inputs, original color. we separate the colors and then our machine turns directly into a kind of tie of a poll. that way we restore the original color without chemical dias. fence and i don't see there's that chemical dies that only one of the problems in today's textile industrial, worldwide 20 percent of water portion comes from diagram finishing fabrics. that's

another reason why it was cycling use floating is so important for the company processes up to $25.00 tons of public per day. the final product of this lovely 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 land in central prop to the re, full start top is already selling recycle design of freshman around the world. a video more exactly sensical, so that 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 of the 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 to the left for you to me and even people like me color and all these are solving that sustainable fashion is more

than just a dream. and it finally, a soft landing of the unpleasant kind. brian air c o michael o'leary took to cream pies to the face in brussels and they protest action by 2 environmental activists. mr. larry was hit with the pies as he held as one man protest outside to your team commission against a, a traffic control the strikes and the you. the ryan, their boss left off the stand claiming cream pies. where is favorites kind of take . the pine came is reiner pilots in belgium called strike action. of course we're going to submit the and that wraps up a program for more check out our website at w. w dot com slash business and the dw, use youtube channel, chris cobra and 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 block. so you craniums, this is the 2nd summarizes in fear of the russian attack. how are they coping focus on your next on d, w to the point, clear positions, international perspectives. the chinese president will not attend the g 20 meeting and in the deepening what seems to be an ever growing rivalry with another agent powerhouse. so onto the point we ask, cynthia, who's china, what does it mean for the rest of the world? to the point in 60 minutes on

d. w. what secrets lie behind these discovered new adventures in 360 degrees. and explore fascinating, both heritage spelling d w world heritage 360. now 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.