them up next, chris kolber has your business updates, and those costs you can always visit our website dw, dot com and to follow us. unfortunately, they are honda, this is ad dw news from the massage as well. thank you so much for watching. the, enjoying the views and kind of take a look at this. our tv highlights me every week. email inbox, subscribe now. really do become a criminal pre crime a i already told me to paralyze entire societies computers that much of the governments that go crazy for your data. we explain how

these technologies work, how that can help they go. well that's how they can also go terribly. now the german industrial output is down for a 3rd straight month finding fears of april long the downturn and yours largest economy will have expert analysis 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 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 of german industrial production sell for the 3rd straight months in

july, it is the latest news finding fears of a prolonged downturn in europe. 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. a new phrase is 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 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. the ac is showing in the federal short phone on to new using 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 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 combat. okay. well, i know you said 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 last agents just kind of got phones and that tension 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 revise production in europe largest economy. this week it announced plans to massively expand easy 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 the 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. hunger is the situation of germany's car makers somewhat emblematic for the german economy as a whole, once pretty innovative, but by an outcome place and, and a victim of its own convoluted ways as well. some was 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, 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 market share, even if it's expensive, in the sense that china really has too much domestic debt. and the german costs like to is 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 is a serious 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 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, the correction of the companies boot up

a lot of inventories early in the late last year, one supply chain lock jams had ease. but this invented correction in blue and 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. however, 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. while high energy costs are indeed

a big problem, but they're not the specific gym and problem. they are basically the european problem relative to say the us and some other parts of the word. sacramento has the most energy prices in the world as well. actually not really industrial enterprises for argue this in some countries in europe actually higher than the 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 wake of food teens 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 off. ringback or we have a serious shortage of labor still that is people who may know. busy to find the job in parts of chemicals, we're 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 or and also some of the other global business stories making use china as foreign trade slumped to further in august in 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 to the plans to renegotiate almost all of its office leases 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 south partners and alternative to visions building road initiative, which was fun is billions of dollars to developing countries. the rise tiers 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 the 7000 textile companies here are involved in recycling. use crowds from germany, austria and switzerland. and up at fall about $200.00 on june of warehouse the

recess to charge of the clothing mazda to optical, or at least tis 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 the major begins indiana to discard it's crops, will become new, yon and rule. it's a complex process that stops here. no, so bit 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 world wide, 20 per cent 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 not insensitive prop to the re, full start top is already selling recycle design of prussian around the world. a video more, it sound 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 to the left. you give me on new people like new color. and alice are showing that sustainable fashion is more than just a dream. and finally,

a soft landing 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 a, a traffic control the strikes and the you the right there boss left off to start claiming cream pies. where's favorites kind of take? the pine came as reiner pilots and belgium called strike attraction. of course we're going to submit the and that wraps up our program for more check out our website at w. w dot com slash business and the dw use youtube channel. i'm chris cobra and roland. thanks for watching. have a successful the

into the conflict with tim sebastian university, your primary distributive center for the 1st slide, the russians defenses in the southern region lives operations. my guess is week is erie stockton gardens, ministry is described as an he's or he's country will differ based on what he was conflict 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 on to the point we ask cynthia boons, china, what does it mean for the rest of the world? to the point in 6 to minutes on d w. these places in europe are smashing the rank one step into

a bold adventure. the treasure map for martin globetrotters, discover some of us regular bragging sites on youtube and also the, the booster. you crate it strips and punched through the 1st slowly the rushes defenses in the southern region. those that can reach you with. well, the next steps be even ha, that's the more costly my guess this week is your re sac advice that to you grinds ministry of defense. and he's clear what he's country will differ based on what he won't getting to concessions to and a dresser is that it's, it's, it's a non stop a despite the good news on the battlefield, as a political casualty and you cry.