meeting at a quarter restaurant in the complex of istanbul's largest mosque saleman. hello welcome how do you do very well very well traditional turkish you know it's very good to me you know to see please thank you. most important thing about the ottoman empire is that it was an empire of nations they let them to preserve their cultures they let them to go on with their own craftsmanship the old cooking and all kinds of business or stuff that they do the jews kept what they were doing they are many and skip the romans kept what they were doing so this brought up the all to an empire with a colorful and and refusing me this one called all things the light internationally but it's turkish name is in charge and the it looks quite heavy to me ottoman queasiness healthy we know that the ottoman salton and resistance were quite strong strong and build up they were highly fed on proteins you know they used oil they used a lamp and they lived long they lived there long the average ultimate man's life was like say one two or sixty years old which was compared to those times q

istanbul's where asia and europe embrace the world's only city straddling two continents. the reign of the ottomans heralded a new chapter for turkish society and to screwed. and the imperial kitchen was where it all began. the start of the cuisine that would influence and instruct a nation to send troops. top cappie palace the fulcrum of ottoman power and prosperity. this is where the magic happens the palace kitchen it how is that to that one hundred members of stuff you know the coax their systems helps to explain why you've got all these giant pots there was such fierce competition not just to get in but to get ahead so these cooks would bring recipes from their own villages their own regions and they also inventing new ones and then affecting them and then trying to one up each other. style the military the cooks were all going i's to do call and companies each with different speciality s. . meanwhile outside counsel walls people absorbing palace cuisine into their own cooking styles creating new customs that continued to evolve. just like the institution of weekend b

meeting at a quarter restaurant in the complex of istanbul's largest mosque saleman you. welcome how do you do very well very well traditional turkish you know it's very good to me. thank you. most important thing about the ottoman empire is that it was an empire of nations they let them preserve their cultures they let them to go on with their own craftsmanship the old cooking and all kinds of business or stuff that they do the jews kept what they were doing they are many and skip the romans kept what they were doing so this brought up the all to an empire with a colorful and and rich who xeni this one called all things delight internationally but it's turkish name is in charge and the it looks quite heavy to me was ottoman greasiness healthy we know that the ottoman salton and resistance were quite strong strong and build up they were highly fed on proteins you know they used oil they used a lamp and they lived long they lived there long the average ultimate man's life was like so when he was sixty years old which was compared to those times quite a long time or the ott

joining us from istanbul, bloomberg's yousef.eard from the turkish central bank in the last hour. ,hey were all about the rrr maybe focusing in the wrong place right now. ultimately, the -- what the market was looking for was an interest rate hike. it is such a politically charged market. you get a sense that the central bank was skirting the asia. they are saying they take all measures necessary to preserve financial stability. gives you a little bit of flex in terms of collateral management. deposito raise the fx limit. final note that banks are going to be allowed to borrow in one month maturities in addition to the current one week instrument that are available to them. if you see them move on and interest day, the market initially rallying or we find some of those losses. you know what, it goes down from 6.4 and you are back down to seven against the u.s. dollar. the central bank has not moved on interest rates and that was one of the key interests for global investors looking. any textbook way of response -- resolving this

meeting at a restaurant in the complex of istanbul's largest mosque saleman you. welcome how do you do very well very well traditional turkish you know it's very good to see please thank you. most important thing about the ottoman empire is that it was an empire of nations they let them preserve their cultures they let them to go on with their own craftsmanship the old cooking and all kinds of business or stuff that they do the jews kept what they were doing they are many and skip the romans kept what they were doing so this brought up the all to an empire with a colorful and and refusing me this one called all things delight internationally but the staircase name is in charge and the it looks quite heavy to me was autumn increasing healthy we know that the often salt and the autumn and resistance were quite strong strong and build up they were highly fed on proteins you know they used oil they used the lamp and they live long they live very long the average ultimate man's life was like say one two or sixty years old which was compared to those times quite a long

goods we'll have reaction from the streets of istanbul. also on the show if you love your danish kronen from last year's holiday hold on to them they might soon disappear as denmark plans to go cashless. and european regulators are clamping down on global rental agency air b.n. b. despite its popularity with generation share. and finally u.s. conditions in european airports one year after the takeover of germany's almost second largest airline air berlin by rival tazza. welcome to the business turkish president her registered at a one and a german chancellor angela merkel have reportedly been discussing bilateral ties during a phone call today that's according to media reports quoting a presidential source turkey is currently caught up in a big diplomatic and trade dispute with the united states today and corrode raised tariffs on a variety of u.s. products including alcohol cars and tobacco and the turkish president wants his people to boycott the i phone he himself is now switching to another brand of the big question is will his people

whether it's a bridge over the bosphorus and istanbul subway system or an imposing mosque he's president richard no one is known for his big ambitions. the country's construction sector has traditionally been an engine of economic growth. but recent events have put the brakes on turkey's economy turkish banks and companies have accumulated four hundred seventy billion dollars of foreign debt and as the lira plummets it's getting ever harder to repay the loans analysts say interest rates need to be raised to offset the liras rep of decline they want the central bank to act independently of the government and believe the country should accept help from the international monetary fund something to one has ruled out it could only assume. there is no difference between the direct attacks on our call to prayer and our flag and the attack on our economy the goal is the same the goal is to bring to heel turkey and the turkish nation to hold it captive we are a nation that prefers to be shot in the neck rather than chained by the neck. that doesn't interest the ratings agencies there downgrading

we'll debate and head live to istanbul for the latest. elan musk getting more details on his tweet that he has secured funding for taking tesla private. shares are moving lower right now. the very latest on the drama and what analysts are now saying about the stock. he doesn't just talk the talk. he walks the walk. mike rowe on growing jobs, the skilled worker shortage, and the state of the american economy. "power lunch" starts right now. >> materials and industrials have been the big laggards, and

great thing about living and cooking in istanbul is you eat the fish that is called this morning this is the home things like in the black sea region of turkey it's like the bread of the people who live there the gills show how fresh the fish is like they later it's going to be pink it's not so red so it's. all the word. fresh our fish are wonderful. from the market we had drifted in cusa good job and only neighborhood juice creek some incentives lived together for central. building and i think one of the other day was a good salary and all that good mom. in the turkish kitchen what would a home cook have one is of course after. some from the inside all of oil and then

our correspondent dorian jones joins me now from istanbul dorian strong words there from a president i want you friends in as a national battle against foreign enemies in sounds of turkey was and war is out of on weekends. well at the moment i think he's trying to use his to consolidate his support is a very impassioned speech where he said western countries are conspiring against turkey he accuses of being economic warfare but promised to vanquish those that are waging this war he also made appeals or again to all the people in turkey to cash in their foreign currency in gold and defend the lira he made it very much a war of independence very very strong rhetoric and put now he is peace to be trying to consolidate his position and power with what he's trying to present as another coup attempt against him. that was finance minister also introduced spoken this afternoon to introduce a new economic plan what was new there what it is say. it was a very long speech and he did try to tick all the boxes and verses wanted to hear you talked about the importance of reining in inflation you t

of good coverage now of this we have team coverage in fact in istanbul dorian jones is standing by and in washington we have stefan demon's welcome to you both and dorian i'd like to begin with you because we just heard the turkish president saying that his country is in an economic war is it. well listening to the president he said this is nothing to do with financial economic reasons why the currency is on the pressure this is the result of unnamed western powers trying to remove him from power he said they tried to do this two years ago with a military coup they failed now they are trying to use the currency rate. as a new way of removing him from power and he said that this is a new war of liberation to defend the country calling on people to defend the lira by selling there are foreign currency for investors they say this is simply about financial imbalances that have to be addressed in the message from zero to one is causing panic among investors and seeing a resulting plummeting lira and with a message now from trump ramping up sanctions this will only. narrative that this is a

more on that story let's cross over to dublin first one of dorian jones in istanbul during the how is everyday life of the average turkish family affected by now. but i think the moment the main effect is psychological because for many turks they see the health of the economy to take it by the strength of the currency obviously that is taking a pounding going forward the big fear will be inflation turkey's already experiencing double digit inflation and the fact now with these heavy devaluation of the currency that that will stoke inflationary fire in the country turkey imports nearly all of its energy energy prices are set to go up by as much as thirty percent this winter it could be a lot more also many of turkey's products are the denominated in foreign currencies war materials that is expected to have a fervor if faked into the turkish economy this winter is expected already it has been very difficult now with this route of the currency things could get a lot worse and the fear is a turkey could be experiencing uncontrollable inflation toki in the ninety's experience triple digit

above that, istanbul futures, falling about 1.8%.e will definitely bring you that breaking open when it comes. we have our own european open minutes from now. we will take a look at the stocks to watch, including bbva after the ecb has expressed concern over the bank's exposure to turkey. it is also concerned about some francs -- french banks. this is bloomberg. the open is nine minutes away ♪ matt: we are minutes away from the open. we want to get your stocks to watch and remind you there have been times when we see the istanbul market opened earlier than other european markets, so we could see turkey open sooner. with futures down 2%, we could see them open later. let's talk about european stocks. some of them affected. and bbva.ir, what is the deal with k+s? 10% toit guidance around 20% lower than what analysts were expecting. this is largely due to reduction in the price. it is hitting k+s. profits expected to fall sharply this morning. major strikes for ryanair. this is a travel story that could foul up travel plans, even if you

we seem to have lost dorian there the line to dorian in istanbul there was our correspondent there in john's there and we have to talk to him a little later. lebanon is stepping up pressure for on on syrian refugees to return home some one point five million syrian refugees are currently in lebanon and officials there have repeatedly said that's putting the country under strain hundreds of refugees have returned to syria in the past few weeks many more are afraid of what would happen to them if they went back to that your correspondent traveled to the town of our soul where she met a woman who fled syria the assad government killed her husband and son she and her children fear for their lives if they return. it was not a voyage. ever imagined undertaking but the mother of eight and grandmother of three children was forced to flee has syrian home. to take refuge in the town of ourselves just across the border. although it happened five years ago the memories are still fresh this is my son or husband and his son who were killed in the syrian war. the beginning of the uprising protests w

well for more we're joined from istanbul by correspondent dorian jones so dorian the turkish foreign minister saying he is vowing retaliation against the u.s. tariffs what's likely to follow from a move like this. or tell you can do very little economically to retaliate against the united states but it can hurt washington strategically or u.s. forces working with a searing kurdish militia just across the turkish border turkey considers that militia or a terrorist organization so it could run part pressure on that militia and the u.s. forces there on top of that washington has been pushing. very hard to comply with its new iranian sanctions on current major trading partner with iran is seen as key to washington and the success of putting pressure on iran for now and they will not comply with those sanctions is very unlikely in the present environment it will change that stance. well during meanwhile the turkish financer has been trying to reassure the public but the reality is that the currency has been taking for months and the country has seen inflation at nearly sixteen percent and

all right let's get the view now from turkey correspondent doreen jones reporting for us in istanbul dorian turkey's foreign minister has said further pressure will only hurt bilateral ties he's about retaliation but how much worse can relations get while the potential is to get a lot worse currently u.s. forces are working with a syrian kurdish militia just across turkey's border turkey considers that militia a terrorist organization and if they so wish they could put a lot of pressure on those u.s. forces and the kurdish militia they're working with that would ratchet up tensions further on top of that washington is looking for ancora to enforce its new sanctions against iran has refused to do so given the current climate is unlikely to change that stance that again puts the two nato allies on a collision course attention is for a lot more difficult times ahead. turkish currency tanking for months now but investors seemed really concerned now inflation as at nearly sixteen percent the central bank raised the rates in response what choice is just air to want to have going forward to

all right our correspondent dorian jones reporting from istanbul thank you. just force news now and the german bundesliga there's a big overhaul underway at barroso dortmund the club went through two coaches last season and lost two of its top players well after just barely qualifying for the champions league it hopes that some of its new faces will restore its former glory including its coach. the new man at the helm. after a three year hiatus he's back in the bundesliga he had successful stints in berlin and the other british and lap. dog would have tossed him with the newest face lift . when we passed each other will say good ball to our teammates and but then the coach says yeah it was good but not great it could be better he's such a perfectionist and i think he's just what we need. a favorite fast attacking football one of his boring passing the ball around the key for him is that his team know the basics that's why during pre-season he's often had his side training twice a day considerably more often than peter bush last summer. it's important that i g

all right our correspondent dorian jones reporting from istanbul thank you. so sports news now and in tennis and greek teenagers stefano says it has continued his final run of the toronto masters by beating defending champion alexander stare of sissy pos wearing pink battled back from a sect and five two down to turn the tables on german player is there a nineteen year old upset no by the joke of it in the last round he's saved two match points against a frustrated xv to take the clash into a decider and says he passed completed his huge win after is there a double fault. at the european athletics championships here in berlin germany's kristin who song claimed a new championship record on her way to winning the javelin competition in song set a mark of sixty seven point nine meters with her first throw of the final that was a massive six meters more than her nearest challenger in songs victory completed a german javelin double after thomas further success the day before. will former tour de france champion has been admitted to a psychiatric hospital after his

we are straight to istanbul.is bloomberg. ♪ xfinity mobile is a new wireless network designed to save you money. even when you've got serious binging to do. wherever your phone takes you, your wireless bill is about to cost a whole lot less. use less data with a network that has the most wifi hotspots where you need them and the best 4g lte everywhere else. saving you hundreds of dollars a year. and ask how you get xfinity mobile included with your internet. plus, get $300 back when you buy a new smartphone. xfinity mobile. it's simple. easy. awesome. click, call or visit a store today. manus: good morning from dubai. i am manus cranny. this is "bloomberg daybreak: europe." anna: i am and edwards in london. edwards in london. manus: asian equities are lower on technology concerns, and the dollar climbs back. pressure. under chinese regulators will freeze game licenses. the company will report later, shedding $150 billion in market value since january. the billionaire investor with the 5% stake -- other hedge fund

let's get more on this from willem marx live in istanbul >> i just tore myself away from watching thatraordinary press conference from president erdogan. you mentioned a potential ban on u.s. electronic products he said in his speech this is a period of difficulty for turkey but also said there will be difficulties for those po responsible for this period. he blames coup plotters. he said nobody should have doubt they'll stand up to the dollar, the euro currencies like they stood up to the coup plotters in 2016 he said the best answer is to transfer dollars into lira and maintain the dignity of the turkish currency he said the biggest thing is to hold on to business and that companies here continue to expo, export, export rand produce, produce, and produce those items that turkey imports, they will produce them better and export them. he said they will try to do other things on their own. they asked for u.s. technology when it comes to drones, then they went and built their own. i'll get more for you as i get it from the press conference >> you have been able to spend time in istanbul

with the very latest for us from istanbul thank you dorian. now to some other stories making news around the world and afghan officials says at least one hundred security forces and twenty civilians have died in ongoing fighting fighting in eastern province afghan forces are battling taliban militants for control of the city of a key provincial capital the taliban launched an assault on the city four days ago . hundreds of people have been injured five seriously after part of a wouldn't probably not collapsed at a music festival in northern spain authorities say many people were on the boardwalk in the city of diego when it came way at around midnight on sunday none of the injuries to start to be life threatening. to rancho rains and thunderstorms have battered the japanese capital tokyo the downpours on monday left subways and stores across the city briefly submerged thousands of households also reported power outages the storm lasted a few hours before the thirty. year old rule a fire at a hospital in taiwan has killed at least nine people a

is correspondent dorian jones reporting for us from istanbul durian thank you for your analysis. and how here we'll have more on the turkish lira under pressure that's coming up in business a little bit later in the show. not some other stories making headlines around the world the german government says chancellor angela merkel will host russian president vladimir putin for talks this weekend near berlin the discussions are said to focus on the war in syria the conflict in eastern ukraine and energy issues the two leaders late last met in may. hundreds of people have been injured five seriously after part of a wooden promenade collapsed and music festival in northern spain authorities say many people were on the boardwalk in the city of vigo when it gave way to around midnight on sunday none of the injuries is thought to be life threatening. in yemen thousands of people have gathered for the funeral of dozens of people killed in an airstrike last week they died when a saudi led coalition air strike hit a boss as they drove through the northern town of diana on thursday many chil

we're in istanbul with more on this dylan, we're seeing dramatic intervention by the central bank and it's not enough. doesn't maintain the -- on interest rates that are -- >> cathere was an interview las night by the -- president erdogan's son-in-law he was promoted from energy minister to that role not so long ago he said there would be dramatic measures taken this morning, they'd be unveiling plans to use the institutions to try and stem the crisis he had given another presentation on friday to focus on the situation without mentioning this. that's why investors got incredibly concerned about what the government was going to and not going to do to combat this free fall with steel and turkish li lira president erdogan has repeated, he's an enemy of increasing interest rates the current rate is 17.17% they're calling for it to increase as much as 300 or 400 basis points as part of a -- president erdogan is prepared to ask -- focused on propping up the lira with foreign currency holdings take a listen to what he said on saturday in a coastal town he talked about the need for people to

my journey through istanbul is nearing its end but in so many ways i feel as though i just scratched the surface of this grand cuisine that just took a shrewd everything my taste in see and smell has been a story and much stuff istanbul but also its people its pounced and its present and they all come together to form one diminishes city until next time always these three in turkish go to shoes. it's a story of survival. it's a story about how people learned to live in such remote last five pretty cheap to the way it would be to cheat and how that instinct help them recover from the financial crash i would continue as long as i can stand. this is a story about iceland. aging on al-jazeera. with a big breaking news story it can be chaotic and frantic behind the scenes. people shouting instructions and if you're trying to provide the best most accurate up to date information as quickly as you can. it's when you come off air things seem pin to realize you witness history in the making. the coca plant has long been a pillar of bolivia's traditions but its use in illegal drugs today is th

not istanbul, as you pointed out.ut the people gave them a new -- gave him a new term is the people rose out of property -- poverty in the mid to thousands and he still has some credibility with them. or so the lira has lost, until that trickles through to inflation, you won't see much of a change in that support base. thank you so much. the anchor of bloomberg markets middle east. let's keep conversation on turkey. joining us now is refet gurkaynak, a professor of economics. how does this and? are we going to see -- how does this in the? -- this ends? of it as markets trying to figure out what is going on in part of it is a real problem. turkey has done a lot in the last decade in most of it has gone to nontradable's. now is the time of reckoning. the problem we are facing at this current point is that there isn't much of a positive framework that is going to help figure out what might happen. we don't hear much from the central bank and we don't hear much from the fiscal authorities and therefore it is up to the mar

so you've been speaking to syrians there in istanbul how of they've been celebrating. even though it is of course a celebration here there is. more than just a little bit of a mood of of heavy heartedness here of course many people who primarily many of the syrian community that had gathered in the fatty district just by the fancy mosque behind me here it's an area that has been dubbed little syria they do see it as a reason to. celebrate for them it's dinged with a sadness because invariably it's a reminder a painful remind if you will of the trauma that they have lived through the traumas that they are living through a reminder of relatives who are not with them a reminder of the relatives who are missing as well and of course those who have been lost in the conflict so. these holidays often serve as a painful reminder that the holidays i would have celebrated in syria before the conflict. would have been spammy celebrations where all the relatives would have been gathered together to celebrate these holidays and of course here living lives away from their homes it's

dylan marsh is in istanbul tonight. >> cabush opened his restaurant a decade ago.e oversees ten burger joints in a city better known for its it will have to wait thanks to growing economic uncertainty. >> and of course, like everyone, we have a problem, believe that everything is in the past. >> many business owners here long ago learned to hedge against currency b risks, the lira's latest has cost of building the perfect burger. and 're using turkish beef many thing, but the beef is coming from other countries and it's a major cost for us, for everything. >> this nation has long stood at a geographic crossroads and afterears of growth the government faces immense pressure to choose a nic econ past. so far, turkish authorities have resisted calls to take a bite out of inflation by raising interest rates and having blamed for uninterference for financial woes. and its reluctance to act means entrepreneurs like cabush must make their difficultecisions about the future. >> am i worried about it? a before i could see the business plan, but now i have to wait. >> today

in istanbul.tly that model entails is anyone's guess, although we have clues about what he might say here or there. we know he will talk about his growth targets for this year and next year and might have -- indicate some fiscal tightening down the road but judging by the first reaction of the market, when some of the numbers came out, we knew those figures and those measures that will be announced today may not suffice to stop the panic we see in turkish markets. as for mr. erdogan, he has been very silent over the past week, which is not something common for a politician like him at heated times. he made an unscheduled speech with off-the-cuff comments in his hometown outside of a mosque and told people that even if they have all this, we've got our people, our rights, our god, our allah. what that means for policy, we don't know but it looks like erdogan maybe more defiant than expected when he speaks today in eastern turkey. anna: some of our mliv colleagues making the point that those comment

we are live in istanbul. -- the lira continues to drop. we are live in istanbul.r monsanto a $289 million verdict. ♪

country on friday washington impose new sanctions over the detention of an american pastor from istanbul some caution that sent this report. the merchants in a stumble gather outside foreign exchange offices urging customers to get food off their u.s. dollars and barley re-instated for those deaths to exchange their currency if there is a gift and all of the free tea and tomatoes but also with many turks fearing they are now under economic siege president trajectory for john called for a boycott of american brands to protect the national kerensky and he sees a feature without relying on the u.s. to show them the result we will produce every product we are importing from abroad with foreign currency here and we will be the ones exporting these products we will impose a boycott on u.s. electronic products if they have i phones there is samsung on the other side the number of five four users in turkey has reached ten million in the last ten years which is worth seven billion dollars that's a sixteen point five per cent stake in the turkish smartphone market but some soon dominated with more

the boardwalk a chat a boast on beach on the asian side of istanbul is one of those free spaces it's a magnet for western minded city dwellers alcohol is consumed here women in head scarves and traditional conservative families are a rare sight. it's a short drive from this trendy promina across the bosphorus to the old european part of his tumble in the conservative district here you'll find a different side of turkish society. the jobs are much more frequent customers get advice on what fabrics and colors to buy in this store the sales women are devout muslims they too often feel lost in the labyrinth of turkish life yannis this is the living take it if i want to take a walk i need to pick an area that matches my way of life the way i dress my traditions. if i go somewhere and i don't fit in i feel like i'm being discriminated against. just by the way they look at me. it makes me feel like i don't belong look i sit in a city of here and the stumps to sniff it if. many here support the so-called islamification agenda that are the ones party is pursuing. that didn't it didn't sit rig

press reporter christopher torchiis covering ents in turkey, and he joins us now via skype from istanbul. so tell me a little bit more about what the president-- presidengan-- said today. >> today, the turkish president, recep tayyip erdogan, again d some strong rhetoric directed at the united stes. he talked about an attempt at economic coup which is sort of language that echoes and recalls a 2016 attempted coup by some militarynits. so the comparison is strong, to say the least. he also said in comments that seemed to be directed at the u.s. that "we know your game and we'll challenge you." >> sreenivasan: it's important to point out that this-- the trade sanctions that the united ates has impose are not the he decline ofor t the turkish economy. it's been sliding for a while, >> that's absolutely correct, hari. in a sense, it's really quite a turnaround, a negative one, for turkey, which had strong econic growth many years an was considered a success story, a gional power for some time. but a lot of that growth was fueled by heavy foreign currency borrowing. and the economy has been o

brent: our correspondent doriain jones on the story for us in istanbul. thank you. we will have more on turkey's currency crisis a little bit later on in the show. to mali now go where the presidential challenger says he will reject the results of a runoff held on sunday, alleging cheating. he is asking the people to rise up against what he calls the dictatorship of fraud. votes are currently being counted in the country's presidential runoff after a tense election marred by violence. the incumbent is widely expected to win the vote. the result is due later this week. reporter: strict checks at polling stations. security measures were once again stepped up for mali's presidential election runoff. voters chose behind income -- between incumbent and the opposition leader. the 73-year-old said he was confident of victory after topping the poll in the first round of voting. but many in the country run happy with the outcome. >> i'm a bit disappointed with how the first round went. but unfortunately, i don't expect much to change in the second round. reporter: the opposi

mark lowen, bbc news, istanbul. have: thousands of yemenis attended a mass funeral for the children who were killed in an airstrike by the saula-led coalitio week. at least 29 children were among those who died in the attack on a bus. the bbc's international correspondent orla guerin reports. orlaoften after coffin borne aloft. the unbearable weight of the lightest bodies, little boys killed on their school bus. these are the victims ofhat udi arabia has called a legitimate airstrike against houthi rebel fighters. but it was youth and innocence being buried today. even for yemenis inured to bloodshed and suffering, this is a devastating loss. on the streets of the rebel stronghold, grf and rage against the saudis and their western lies. "your brutality has been exposed to the world," said the rebel leader, "and this crime goll not be fen." but the outcry in yemen is not echoed by the british government. >> our silence on this is deadli for yeivilians. it suggests to the saudi and emirati-led coalition that they can

selin girit reports from istanbul. a day the financial market will never forget.ut it has never sunk so low before. at one point the lira plummeted by nearly 20% overnight but the turkish government was keen to put on a brave face. translation: they keep on talking about this foreign exchange rate and whatnot, forget about that. despite all the tax aimed at our country through foreign exchange rates, god willing, we will continue to grow in the second quarter and in the 2018 at record highs. erdogan‘s rhetoric may have gone down well with the supporters but not with international markets. another major blow came when the us president donald trump tweeted this to announce a doubling of steel and aluminium tariffs on turkey. "0ur relations with turkey are not good at this time," he commented. they argue that the extra tariffs were against the rules of the world trade organisation as the rift between the two nato allies deepened. these are the options that turkey has at the moment, an hike which president erdogan sees as the mother of all evils is not likely to happe

in frankfurt during joins in istanbul thank you both very much. pilots of europe's biggest budget and ryanair are in a coordinated twenty four hour strike across europe germany is likely to be worst hit with two hundred fifty flight cancellations at ten airports pilots in belgium sweden and the netherlands have also walked off the job. it's the biggest industrial action ever to hit europe's biggest budget airline the effect is visible here at frankfurt hahn airport where check in desks are understaffed and passengers nowhere to be seen many planes won't be flying today pilots union representatives in frankfurt say their message is ryanair must change. defeating ryanair it's about sending a signal that they have to stop trying to defeat their own employees. some passengers were forced to spend the night of early in the show and i felt airport many don't know when they will be able to fly out but some are showing sympathy for the pilots demands. it's unfair that the pilots have to pull the short straw just because passengers want to fly cheaply. and

consulate in istanbul and the u.s. has been has been asking for do release of these. of these suspects but turkey says the judiciary is ongoing and so judiciary is underway and we have to wait for the results of tests of russian was put under house arrest just a week ago but to us the men's immediate release of pastor bronson that's that was followed by president trump so it's that our relations with turkey is not good these days so and then this tremendous slide in the turkish lira happened that's why president zardari believes that. the stance from the u.s. the u.s. government is the reason against the slide in the turkish era plus the he says that the u.s. government has been threatening turkish economy with sanctions over turkey has some support from the european countries. as the biggest. load loan lender to turkey as well as russia iran and some other neighboring countries or it's seen and thank you very much live in istanbul. the weakness of the turkish currency is starting to affect other emerging market economies binion rupee hit a record low on tuesday morni

in istanbul but if that body exists. and they and they go and help people. in a salad or the russians or somebody else is struck bob's of them then i support them whole heartedly with every fiber of my being. but all the evidence points to the fact that that is not the reality i don't know if you did you did you see the the documentary that won the oscar. i mean have you ever seen anything so obviously scripted carefully shot with full interview with roger waters will be shown on sophie and co on september the seventh only on r t. i the president of france has described some of his own citizens as being stuck in the past and backwards in many micron so the so-called french goals were preventing positive change while praising the danish economic model on a visitor to copenhagen. these looser and people who have lived through the transformations of recent years are not exactly goals who are resistant to change well those comments by president michael enough and not gone down well here in france with opposition politicians from across the political spectrum tel

al-jazeera istanbul. for this new south x.v. company darren jordan is up next in the two minutes time with the latest news right here on his. every weekly news cycle brings a series of breaking stories but it was in the truck didn't happen the boy told through the eyes of the world journalists images matter a lot of international politics joining the listening post as we turn the cameras on the media and focus on how they report on the stories that matter the most the big fear is someone from the country who guides you who needs you to the story of the bottom line tells us who wrote the listening post on al-jazeera on the streets of greece anti immigrant violence is on the rise. and increasingly migrant farm workers are victims of vicious beating. is helping the pakistani community to find a voice the stories we don't often hear told by the people who live them undocumented and under attack this is zero on al-jazeera one of the really special things about working for al-jazeera is that even as a camera woman i get to have so muc

is correspondent dorian jones reporting for us from istanbul durian thank you for your analysis. and we'll have more on that story for you in business coming up a little bit later in the show now to some other stories making headlines around the world hundreds of people have been injured five seriously after part of a wooden prominent collapse at a music festival in northern spain authorities say many people were on the boardwalk in the city of vigo when it gave way at around midnight on sunday none of the injuries is thought to be life threatening. human rights groups have called on european governments to allow the aquarius rescue ship to dock and let one hundred forty migrants enter europe this after it leaves locked its ports to migrant ships and accuse the charities of colluding with human smugglers to run a migrant taxi service that encourages illegal immigration. north and south korea have agreed to hold a summit in pyongyang in september it will be the third meeting between the leaders of the rival countries this year the announcement came after officials held a fresh rou

in istanbul but if that body exists. and they and they go and help people. in a sad or the russians or somebody else to stop observe them then i support them whole heartedly with every fiber of my being but all the evidence points to the fact that that is not the reality i don't know if you did you did you see the the documentary that won the oscar. i mean have you ever seen anything so obviously scripted and carefully shot. now facebook and google and you choose whatever the way that most people get their news and they use those. social media you know or in order to educate themselves or find out what's going on nothing but it's being it is being the content is being censored by the corporations that earn it so it so so it it won't be free and it's not free now but it's and they're very are targeting i wouldn't be surprised if i disappear because i'm anti war. when i was making this this record i just made is the life we really want. the guy who's producing the work of producing this record with me started telling me about how far to how or to use. just pur

mark lowen, bbc news, istanbul.hes is the chief market analyst at the brokerage firm axi trader. we have heard about turkey now. the fear among traders is that what is happening in turkey could spread to european banks. we have already seen european banks. we have already seen european banks. we have already seen european banks falling back what is going on with them? there is so much pressure and the big banks that have said to have the biggest exposure are banks in italy, spain and france. those banks were the ones that maybe be the biggest exposure but the talk about contagion and there is discussion about is it going to happen? it almost becomes a self—fulfilling prophecy because you get these movements in banks and then you get the market nervousness that takes over. those jitters then cause of the banks to fall. some of the german and uk banks started to fall aggressively. that is the because they had the same level of exposure, just because the banking sector as a whole has the exposure and it drags others. t

mark lowen, bbc news, istanbul.se government has been obliged to deny that it's operating a network of extra—judicial detention centres, to hold ethnic uighurs. the united nations has heard evidence that up to a million uighurs, who are mostly muslim, may be detained in the xinjiang region in the west. it's very rare for china to address security and humanitarian issues, publicly. here's our china correspondent, stephen mcdonell. the chinese government is making no apologies for the way it is running xinjiang. it has told the un that there has been a major crackdown there in order to rein in violent islamic extremism and those who would separate xinjiang from the rest of china. critics of the policy, though, say that a lot of ordinary uighurs are being caught up in this very same crackdown. however, the chinese government again says this is not being targeted at any ethnic group and is not designed in any way to stop people from practising their normal religious beliefs. a court in new mexico has heard that a young