but there is that new life to celebrate, letting us close with some good news up next. my colleague, chris kolber, has the business update. and of course you can always visit our website, the doctor dot com, and to follow some social media at the top here. and it was on the massage as far as thank you for watching the pricing strategy issues with a lot say what the

interest of the global economy g w business be. here's a closer look out the project. to analyze the flight for market dominant. get a step with d. w. business beyond the german industrial output is down for a 3rd straight month finding fears of a prolonged downturn and yours largest economy will have expert analysis on what the biggest problems are and how to address. also on 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. second, lease course, cobra, 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 in july. it is the latest news fanning 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 said to the side interior. 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 then. 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 using the city, the chinese 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. 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, if he's going increasing electric is no one does a kind of think there's a good market to grow into. i think, i mean, i think it was fascinating is just that kind of that funds not tension. they all come guys in to the pushing your pain phones. but this is a love 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 ab 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. 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 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 it's showing the s the boss resources at the site though. china has basically bought it. so the technological lead in pos,

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 cost 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'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 dependent economy, it is, depends a lot on exporting goods to 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 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 the. busy 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. what kind of energy costs are indeed a big problem, but they have not the specific jo 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 as well. actually not really enough to energy prices 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 weight of proteins onslaught 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 no longer find the drop in parts of the 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 ups is i guess meeting aaron back banks, chief economist, talker as always. thank you for your thoughts and out 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 around almost 9 percent year on here. demand from abroad has not fallen every months since april towards the 2nd biggest economy face has major head winds. 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 things. skipping this weekend's 320 meeting and india is provided, wants to sell partners and alternative to visions building road initiative. interest one is billions of dollars to developing countries that race 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 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. used close from germany,

austria and switzerland, end up at solve about $200.00 on june of the warehouse. he recess to charge off the clothing mazda to optical, a list 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 you on to its 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 dias, fence and i don't see there's that chemical dies that only one of the problems in today's tech side. industrial, worldwide 20 percent of water pollution 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, $26.00 to those of textiles per year. most eventually ends up as loud for incentive prop to the re full start top is already selling recycled design. refreshing around the world. a video, i'm going to try to get 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 that you gave me. i knew him, people like me, color and artists are solving 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 and they 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 claiming cream pies. where's favorites kind of take? the pine came as reiner pilots in belgium called start strike attacks. and of course we're going to submit the 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

the spanish government is fulfilling its campaign promises the by increasing the minimum wage. it moves to boston, which is but isn't enough to do. and then to cease also said in germany next on d w. did you send it to as a tim the legacy of dictatorship member entering a few years history, but also for the world of representatives were elected to compose the draft. and i think it's relationship between the economy and the date would be changed. the 1st time that indigenous peoples were put on a level with everyone else is today in society. reading the change

in 45 minutes on d w. we said there was never giving up every weekend on d. w. the to a beacon of hope. now that's what the un secretary general antonio good damage called the green deal. the agreement allowed ukraine to exploit weight by the black sea ukraine and ships could pass through the russian naval blockade and had for international markets. but the.