To announce to the company stumbled during the world financial crisis and its share price has yet to recover. Has also been held back by a procession of legal woes the bank repeatedly saw itself confronted with fines worth billions of dollars for Money Laundering violating sanctions and its role in the subprime mortgage scandal but the restructuring effort is now being seen as a new chance by investors. This dawdling around for the past few years is over now concrete steps are being taken to give the bank a new direction and thats what we were missing over the past 5 to 6 years. While deutsche has said the move will cost 7400000000 euros and hopes it will return the company back to the top tier of banking many experts say it may be the last chance to save the bank as well as it im now joined by was telestial hes a Banking Expert at the Frankfurt School of finance and also in frankfurt our financial correspondent only bonsa standing by when he was start with you whats been the reaction in the markets today. Its been a very mixed reaction the 1st reaction was positive the share went shooting up 34 percent way better than most other equities here and then turned around and then below the 0 line and its now losing about 3 to 4 percent and i think investors impressed and a lot are positive that finally this overhaul is taking place many people have called for more drastic cuts job cuts and also to bring the cost down overall but also its apparent vestment banking which many saw as carrying too much risk in the end in the last few years fielding too little profits but there are also those who are of course skeptical that the bank will have the insurance the time to set the south while this happens its going to be a painful process and some say paring down Investment Banking bad decisions where do you get the really good profits for the future from if thats gone. What does that mean for doj is operation in asia. People im. On. The other side. For a reason is that you know. Is it is. Or is or ready was. This. Policy that but still its hardly good news for america for germany rather as europes economic heavyweight to speak up a bit the Audio Quality is very very bad. I dont say it will always. Be. Peter. Keast great. You. Again. Come back or is this the. Reason is because it goes a great if you all. Only the holes just said. The bank going back to its coal business but isnt it also doj admitting weve tried to play with the big boys for 20 years but were just not good enough. Youre referring to the Investment Banking expansion which began then and which for years actually reaped tremendous profits i mean the bank was a profit powerhouse and that was i think part of the problem and then a culture of bony bonuses came in people were earning huge amounts of money and people started also doing illegal and immoral business and that basically the 2 things huge bonuses eventually the bonuses stayed but the profits went and then a Risky Business came in but the but the bank in the knee in the in the in the in the shape of huge fines and so and now Investment Banking overall is going down and its important other banks have leapt ahead so yes they played with the big boys for a while quite successfully but somehow got off track and missed the boat when it came to changing course. Only bouts of both in frankfurt thank you very much. The turkish lira slid by more than 2 percent against the dollar during monday trading after the head of Turkey Central Bank was sacked no official reason was given for murat said entires dismissal but its thought turkish president at one was frustrated by the banks decision to keep Interest Rates on hold the turkish government has been pushing for them to be cost analyst predict the central bank could start easing monitor policy at its meeting later this month. Were now joined by rung runkle bair shes head of Market Analysis at money x. Europe and joins us from london what does this mean now for the lira is it healthy enough. So if you look at the lira today it looks like markets are giving the central bank the benefit of the doubt and i think this has a lot to do with the global expectations for easing from Central Banks it creates 104 year old and guess walked into the chair has a lot of yield at the moment but i think really the main issue is that it exists abates the turkish Central Banks problem with credibility we still dont really know if the central bank will set Monetary Policy to fight inflation and protect the credibility of the currency or if its being sit by it one himself or by political pressures and its a major problem for the currency what i mean in the markets whats whats the general spirit is do they say the Turkish Central Bank still regarded as being properly independent. I would say the spirit is one of extreme skepticism over everything that the c. B. I. Does and this creates a dilemma for the central bank because the macroeconomic fundamentals of turkey do allow the central bank to cut rates so they need to cut rates but the problem is they have a history of what looks like political interference they didnt raise rates in 2017 they suspended rip off earlier this year and it raises questions over every single rate cut they make markets are going to be asking is this justified by the fundamentals or is it politically influenced if they cut rates to foster they risk creating another layer of crisis of the sort that we saw earlier this year and considering how fragile Global Investor risk intimate is right now it creates a very dangerous situation for the lira. Drunkards market or noses of monex europe thank you. Now its a dispute that could affect global tech supply chains the route between japan and south korea the 2 countries cannot agree on compensation for forced labor during the 2nd world war tokyo has now decided to impose controls on exports destined for his neighboring country south korea. Its a controversial and painful issue for South Koreans well talk you believe the 2 countries had turned and you page the route over compensation for forced labor during the 2nd world war resurfaced. Last year south Koreas Supreme Court said a japanese Steel Company must compensate South Koreans for their time as forced labor as during the war tokyo retaliated last week with restrictions on exports essential to south koreas Tech Industry thats causing worries in seoul. And i urge a plan to withdraw its measures so for the 2 countries to have a sincere consultation to the vicious cycle of actions and counteraction this is not desirable at all for both countries however our government cannot rule out the countermeasures if the japanese actions inflicts damage on south Korean Companies a new shoe to quickly shoot up japans restrictions will affect Tech Companies like samsung and hynix they in turn supply u. S. Tech giant apple and china as well way the regional spat could soon become a global event south korea says its planning to file a complaint with the World Trade Organization over japans restrictions. British airways is facing a fine of more than 200000000 euros over a day to bridge its the biggest penalty handed out by the u. K. s information watchdog last year their line fell victim to what it called a sophisticated malicious criminal attack on his website it said the hackers accessed almost 400000 customer transactions British Airways says its surprised and disappointed by the phone. And thats it from me and the business agent team here in the early cold war Business News analysis and also background stories check out the dot com slash business stay tuned to the news is next right right off the global markets. Told by the device. I think i think. Did it help instead as the front of i did us soon as a lead on this pos when you went out its almost always in deep to go outside the golf. Thanks. To. The. Things. We buy cheap clothes and discard them soon after fast fashion is everywhere nowadays. In germany alone almost a 1000000 tons of textiles of pronouns every year the most are poor quality and cancer recycle. So what happens after clothing is dumped google 3090 minutes on d w. 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