this is a business i'm christopher caldwell come turkey is fighting it come on may collapse while president on rallied against what he called become nomic terrorists the country's central bank on monday said it would provide liquidity and cut reserve requirements for banks the lira clawed back some losses but remains under pressure last week the turkish currency had a record low against the dollar shed more than forty percent of its value since the beginning of the year the fallout from de niro's plunge sent the euro to a new thirteen month low and hammered emerging market currencies as investors worried about contagion. now ever since that failed coup attempt in twenty sixteen turkey's central bankers have resisted raising interest rates despite double digit inflation the kind of inflation that makes a currency crisis possible and likely. for tourists these days turkey is a shopping paradise the fall of the turkish lira so prices tumble that is if you're paying in euro's or dollars there are long lines in front of luxury stores like this one for the population and the turkish economy the d

country against foreign enemies more on that developing story in an hour with my colleague christopher caldwell thank you very much for watching barbara. she loved because so. and then she left and of course was. she became famous as the woman in the shadow of a genius but she found her way as an artist strong woman with an eventful life we visited her in her new york studio. next. rock'n'roll. sinful rhythms can tell by the church. i know the evil feeling that you feel when you think. stop hoping. no one is more popular than jesus our religious morality preachers are subversive. battle with some marketing potential by placing a warning label on music products. rock and religion clash that brings many parallels. to really so good reconcilable. carter. and rock n roll stars all these nineteen on t.w. . come to your max fest and make you happy and that's one of the questions we're answering on our show today but let's first have a quick look at what else.

this new business on christopher caldwell welcome on his quest to become an even stronger economic powerhouse beijing has for years been buying foreign companies mostly market leaders in ten different key industry sectors like robotics or pharmaceuticals as a result countries like germany and the united states see their industrial advantages that risk and are now tightening regulation it's a move china won't like germany's government once brought a veto powers when investors from outside europe by into local companies starting at fifteen percent stakes instead of the current twenty five the new regulations come after berlin effectively blocked a chinese company from buying a twenty percent share in electricity grid operator fifty hurts chinese trade representatives claim they're being singled out however the sudden surge in chinese purchases is striking while the volume of chinese transactions in germany was comparable low in the years before twenty sixteen it's accelerated quickly since then. sudden surge to twelve point six billion dollars in twenty sixteen was followed by a new peak of thi

this is a business i'm christopher caldwell come turkey is fighting economic collapse while president out of one rallied against what he called become nomic terrorists the country's central bank on monday said it would provide liquidity and cut reserve requirements for banks the lira clawed back some losses but remains under pressure last week the turkish currency had a record low against the dollar shed more than forty percent.