Welcome to the program as investors around the world sell their shares on fears of a recession here in germany the focus is turning to fiscal policy after years of solid growth and a commitment to a balanced budget calls are not growing on the government to boost spending to stimulate Economic Growth europes largest economy is facing a number of short term challenges including a lack of the Digital Infrastructure an aging population and an expensive commitment to switching to renewable energy. A quarter of the british territory of gibraltar is meeting to discuss the fate of an impound iranian tanker the vessel has been at the heart of friction with the west over economic sanctions and one sparing the brunt of irans International Isolation are Business Owners and ordinary people there live have become very difficult. From the ring in port city of bender a whole line of tankers can be seen transiting the strait of hormuz they come from the entire region kuwait bahrain and the United Arab Emirates supplying the whole world with Oil Container ships are also in transit many dock in iran bringing important goods to the sanctions stricken country ship owner and trader abdullah suffer has just arrived from dubai with a consignment of refrigerators. Its becoming increasingly hard for him to trade with other countries. But. Are used to wait for one or 2 hours for permission to dock in dubai now i can wait one to 2 weeks and see wondering if they let me in or not because of the u. S. Sanctions ive got chinese traders you know insist on cash payment from iranians like myself we cant make Bank Transfers all because of the sanctions. Every day life is becoming really difficult in iran foreign products are scarce even medical technology and pharmaceuticals which plant targeted by the sanctions. Knows how bad it is and what he needs. Really like to do business with traders from further afield than dubai and china would also be great to buy goods directly from europe but for that Bank Transfers would have to be reinstated. Visas should be given more freely to business people. But he says more and more traders from other countries are turning away for now his business remains restricted to dubai and china. Well for more lets bring in correspondent is on top or she is on the iranian island of kish. Companies are having a hard time as we just saw in the report live for every iranians in any easier inflation is soaring what do you hear when you talk to people. Well iranians are really suffering from the bad economics and the situation and people on the streets have been telling me that prices for simple stock items like vegetables or meat have gone up by 8 percent in the past year so that means a simple tomato is 5 times more expensive than last year so the economy is the single most important topic in everyday conversation and of course who are iranians are the ones that are feeling that the most because they were already struggling to make ends meet before all of that happened so when president now u. S. President says that his sanctions are supposed to target. Government and not its people people are really having a hard time believing that are there any attempts by the iranian government to improve peoples lives amid these situations well thats not an awful lot the iranian government can do at this moment there is talk about like removing a couple of zeros from irans currency the real and rename it to trim on that something that iranians on the street has been doing for decades decades but that of course needs the approval by the Iranian Parliament 1st so it hasnt happened yet of course the iranians have a lot of experience when it comes to living with the sanctions because for example during the presidency during most of the time there were sanctions in place so people have to vela mechanisms to cope but this time its really even worse and more conservative people are saying they dont want to give in to the pressure from the u. S. So they are trying to just keep going but young iranians with good education they dont see any chances for themselves anymore in this country so they are fleeing theyre going to other places if they can so theres a huge brain drain going on from iran right now. Iran is internationally isolated it has been blamed for attacks on oil tankers in the strategically important strait of hormuz tell us the latest on this dispute. Well apparently the iranian side is preparing for some sort of exchange because the british tanker that was seized just a couple of kilometers from here in the strait of hormuz has apparently been removed in the past days our sources within the revolutionary guards are saying its now closer to the port of fun where theres a lot of security personnel at the moment so we cant go there but one thing is certain like the iranians are not going to make the 1st move if it happens and there must be a Tank Exchange so everyone is waiting here for the release of the iranian tanker that was seized near the strait of hormuz this thread of course so if that tanker is freed then theres a huge chance that the british tanker here is also. Able to go no you dont your correspondent has a couple reporting from the iranian island of kish am tazer thank you very much. Well one of the trade spats that have the world worried has been between japan and south korea triggered in part by korean anger over what its all was japans failure to acknowledge its actions during world war 2 now on the anniversary of japans surrender south korean president moon j. N. Has offered an olive branch to tokyo calling for a wide ranging dialogue heres what he had to say. You in order to put in words what we hope that you will play a leading role together in facilitating peace and prosperity in east asia while it contemplates a past that brought misfortune to its neighboring countries. Come on penner youre going to target japan chooses the path of dialogue and cooperation we will gladly join homs. From out of. The south korean president speaking there and lets return to our main story the market turmoil our financial correspondent on the device for us joins me at the Frankfurt Stock Exchange are not a sign of reconciliation as investors have been spooked the dollar saw its biggest drop of the year on wednesday major asian markets have also been trading substantially lower on thursday how big a role did german thatll play in the global summit well actually the german data is showing that the economic picture is very gloomy and germany is one of the most open economies off the word and the whole trade this huge protectionists and the whole uncertainty installed by have that discussion and the tab is is a very happily on an economy like germany but its not the only economy which is suffering and its a global recession which the market is playing now and thats the problem and thats why were seeing that heavy selloff. Now the dax nevertheless rebounded today is this just the normal reaction to a major some of that result the day before. Yes thats quite an homage if they have a major sell off one day the next day if thats not a complete panic mode then the next day anomaly is that they spend a week you see it behind me at the thought it goes quiet up and down so people are not so much decided where. So the journey goes to but bottom line is this i was saying the risk factors are not going away there is a lot of concern about the economy and also the profitability off of corporates we have seen many many profit warnings here in germany but also elsewhere the u. S. Economy is Still Holding up pretty well but also there were seeing signs of weaknesses in the manufacturing space and that is how it all started as well in germany and other countries so the question is when is the u. S. Affected adversely and how bad will it be and on the to review what can policymakers do to prevent things from going further downhill. Not a lot theres not a lot of fiscal space everywhere and the word we have fiscal phase and countries like norway germany and other European Countries and perhaps also scandinavian countries thats not enough to turn around the fortunes and Central Banks have not a lot of ammunition left i think were just headed towards a downturn and advice from frankfurt thank you. Germanys been as League Soccer season is about to get underway and whether its the clubs of germanys premier League Leader no missy in his barcelona squad or renowned booms of european soccer like them or sell to glasgow they have Common Ground literally the turf in their stadiums comes from a German Family business that has specialized in the high end rollout turf since the 970. Perfect soccer pitches dont grow over nice this one took about a year to cultivate. Here on the german dutch border with it sandy soil close to ground water level the conditions are ideal. The pitch needs to be tended to almost daily. The strips will be mown some 100 times before harvesting they also get water 10 to 12 times by then and there have been fertilize 6 or 7 times along with other measures like combing detaching and vacuuming. The grass needs more water in hot summers its 30 degrees here today so the turf needs to be harvested and dispatched rapidly as a living organism it wont last too long wrapped in plastic in the back of the van. Thats what it is an insert is that the main stress for the turf it can generate enormous hes itself when its rolled up like this can reach temperatures of over 60 or 70 degrees and that can ruin it all. This time everything has gone smoothly on the turf arrives in cologne stadium in good shape. The fit takes only a day to lay the new pitch in cologne then its mowed air and water it ready for its 1st pounding. And that looks like some prime turf the fresh bonus season is kicking off this weekend so youve got every reason to be excited that ive loved our program here on d w news for more you can always go ahead and check out our website and be w dot com slash business or follow us on social media for me chris and in the entire team thanks for watching and have yourself a success. How about taking a few friends who could even take a chance on one. Area. Dont expect happy endings. Literature. Eco india. How can a countrys economy grow harmony its people. When there are do look at the bigger picture. India a country that faces the challenges. People are striving to create a sustainable future. Clever projects from europe and. Eco india on d w. Hello and welcome to the latest edition of arts and culture a legendary opera singer Placido Domingo faces allegations of Sexual Harassment well get more on that story and also coming up on todays program. In our series the british capital london has many famous landmarks but thats how our bridge still trumps them. And of course. Its director general hi im voice i do you hell join me in the studio to talk about his legacy there and his future plans. Well his one of the most celebrated personalities in our press had a and now spanish tenor placidyl domingo has seen his name added to a growing list of powerful men accused of Sexual Misconduct 9 women say they were sexually harassed by domingo as far back as the 1980 s. And they say his behavior was an open secret in the industry for many years. Hes considered one of the most powerful and celebrated singers in the world of opera but. Soaring tenor voice is now said to have long been accompanied by a story surrounding his treatment of women the recent allegations of so