Welcome to the Program Still no solution to braggs it but believe it or not theres optimism on the markets that optimism has pushed the pound back to a 5 month peak above 1. 30 following a brief dip capping a weekend of wrangling over britains exit from the European Union last week also marked a surge in sterling following a deal between the u. K. And the e. U. To avoid a hard breaks in the fast moving developments have markets following them closely especially as parliament voted against the deal and forced Prime Minister Boris Johnson to seek another breaks it. To Northern Syria where kurds still fear that there will be ethnic cleansing thats according to a kurdish general who spoke to the New York Times despite a u. S. Brokered cease fire between turkish and Kurdish Forces the conflict is far from resolved to president writes uptight about iran will meet his russian counterpart Vladimir Putin later today to discuss the matter as many leaders have condemned the turkish incursion a growing number of companies are now reassessing their ties with the country near the city of izmir on the turkish aegean coast folks in was planning to build a new factory an investment of around 1000000000 euros the plans have progressed quite far but now theyve been put on hold the german automaker says it will not invest in a country waging war. A similar response comes from b. S. F. The chemicals giant has 3 production sites in turkey now the word from its german headquarters is that it will make no more investments in turkey for the time being as long as the incursion in syria continues the reactions from the 2 big investors come at a difficult time for turkey the economy is in crisis. G. D. P. Growth declined from 7. 4 percent in 2017 to only 2. 6 percent and 28000. 00 in the wake of the currency crisis and this year looks to be heading into the red Analysts Expect g. D. P. To contract by at least 2. 3 percent this year. The syria conflict could intensify that downward trend not only are investors running away but turkey could face punishing economic sanctions from the u. S. And other countries but for more lets bring in at all yochanan hes an economics professor at the university of Applied Sciences and constance welcome to the program at all fucks like a house but plans for a flat in turkey on hold was that the right move. Well many observers were already surprised by the decision of folks who are going to invest in turkey because the political and Economic Uncertainty in the country has been so high over the last years and at the it from this point of view it is a real chance for turkey but given what we have seen the last 10 days and massive acceleration because of this military conflict but also the Economic Conditions are hit by this uncertainty it is absolutely understandable that a private company largely private company is not going to invest long Term Investment in such an environment now despite this ceasefire that the u. S. Helped to broker economic sanctions are not off the table. The question is though the right approach it seems that prison at one isnt affected in any way by it his mood didnt really seem to change. I think its very important here to emphasize the discussion what i have observed is a lot about the president and the government but it is important to emphasize that there is a massive dissatisfaction within the country within turkish citizens how the Syrian Crisis is handled also by European Countries 3600000 refugees are living in turkey 400000 children syrian children have been born there and a core question which has not been on service what will happen with this people over the next 1015 years in light of the fact that the turkish average household basically has problems to pay the school costs for children so that in this environment in increasing economic pressure of course creates a reluctance for International Investors but i have my doubts that this is going to solve the problems for europe and for turkey and for the whole region so we need a better handling of the European Union also of the situation and sanctions i know im not going to comment on the military issues but sanctions will worsen the Economic Situation and this will basically increase dissatisfaction in the turkish pop a population and a really what are the demands by the public. They want to that the syrians are going to leave the country. With a time plan theres no must we need the perspective were just people are going to stay you would in x. 10 years i mentioned almost half a 1000000 children i mean you have the financial problems of the citizens in turkey why should turkey just accept europes position is we pay turkey the money everything is fine but this was the wrong i think. Expectation of the european policy turkish people do not accept this long term threat that you just to keep people in turkey and receiving money from europe that is not the solution from turkeys perspective and professor of economics at the university of Applied Science and constance at all thank you so much and returning to our top story Financial Markets response to the latest developments surrounding. Chelsea delaney at the Frankfurt Stock Exchange british follow men has put of a final decision on breaks to begin but investors seem to be optimistic that an unregulated messy divorce is not an option any more why is. Investors are seeing saturdays decision as a setback not necessarily the the end of this discussion so weve seen a lot of banks come out today a lot of analysts are sort of lowering their expectations for a note that Goldman Sachs now expects only a 5 percent chance of. Thats down from 10 percent so a lot of investors are optimistic because they see that this vote on saturday was very close and a lot of a lot of lawmakers were saying there were only voting to delay the vote because we need more time to sort of sift through this 500. 00 page document so the u. K. Is expected to host another vote this week and a lot of lawmakers are saying they would vote for it now so there is a chance that they could pass at this week now assuming that parliament will eventually approve Boris Johnson this deal will bricks and then finally happen. Thats a great question so there are a lot of potential obstacles even after Parliament Approves this d so one big question today is is the house of commons even going to allow a vote there is a potential that they will say no to that which would delay it even further but theres also a question of what sort of amendments are going to get added to this as it goes through the legislative process there are many more steps that have to be taken Going Forward so its definitely not the end of the discussion here the w correspondent shows a delay any other friend for Stock Exchange chelsea thank you not palm oil has been linked to rain forest destruction and Climate Change thats led the e. U. To phase out imports of palm oil for biofuel raising concerns a malaysian after all the country is the worlds 2nd largest producer and exporter of paul moore the government now says its taken efforts to accelerate its model of Sustainable Development but take a lead for the local pol all industry. Every single fruit is valuable yesterday the harvest help is were here now said the man had barry is gathering the fruits that fell on the ground there very ripe so he can get more money for them hes the proud owner of a fine palm oil plantation. I know that europeans think badly of palm oil but it has so many good sides that you people dont know about the oil is healthy the trees are robust and we are much more environmentally friendly than people think. As he carries out his inspection round he gets the news that shocks him the e. U. Plans to phase out Palm Oil Based biofuels by 2030 rethinks the decision is observe it. He says now his fast growing oil fruit will be replaced by soil rape seed which he calls worse for the environment palm oil has been called malaysias golden cross its lifted farmers out of poverty and spared the malaysian economy in recent years in the capital kuala lumpur at a meeting of big Palm Oil Companies the e. U. Decision was the dominant topic that produces say war has been declared and they have lost the ante problem lobbies are very ready strong and very focused one of the problems you face with the anupama lobby is that these lobbies do not make an attempt to differentiate palm oil coming from different from you so nations and we have already already stated that malaysia dusted differently. At this oil melba loads of palm fruits arrive by the minute this is production on an industrial scale malaysia is the worlds 2nd biggest producer of palm oil off to indonesia the fruit pulp is separated from the kernel to be pressed then the oil goes to a refinery to be processed into cooking oil or bio diesel. On the outskirts of kuala lumpur lim tech wind takes a look at one of the sites that infuriates him this new Home Construction site was rain forest just a few years ago a unique ecosystem but although the forestry expert with the organization rescue is committed to preserving malaysias rain forests hes concerned about the e. U. Has actually achieved unfortunately palm oil is a fact of life and forests are continuing to be developed now the question is whether or not the e. U. Countries in the e. U. Will work with the groups in malaysia who are like myself who are trying fighting to save the forests or whether you would just say sorry and disengage and say no the malaysian government has pledged to keep 50 percent of the land covered by natural forest but environmentalists believe that more forest is making way for plantations them people realize. And finally Australian Airline quantize has completed the longest ever nonstop commercial passenger flight after get this 19 hours and 60 minutes the boeing 707. 00 dreamliner landed in sydney it was part of a test to assess how long haul flights affect passenger jet lag and crew fatigue to give the plane sufficient to range the aircraft had taken off in new york with a full tank a restricted baggage load and just 49 people on board flights were good to see well i hope they showed some good movies thats a show. The welcome to the. Place to talk about a. Little. Clue you dont want to. Get. Caught in the mirror humans are exploited and cruelly slaughtered big brands have committed to fair working condition. Ins and Sustainable Production but who is monitoring the subcontractors and investigative documentary goes to italy and china close behind the glamorous facades of fashion house of luxury behind the mirror starts november 5th on d w. This week on the world stories. Religious fear forced relocation in bangladesh. The remains of world war 2 soldiers are recovered in germany but we begin on the border between turkey and syria despite a ceasefire turkey is preparing to continue with its military intervention in northeastern syria with unknown consequences on both sides of the frontier in the Turkish Border town of such a public outpouring of grief. The women mourn the death of their village chief he and 2 other men were killed in a mortar shelling an apparent reprisal attack from across the border in syria. We want this war to stop nobody should die no soldiers no civilians we just want peace or you wouldve thought we had of course were scared were scared for the whole country for turks for kurds for everyone no one should be killed his son 100 the innocent are never missing kids good people show us where the victims died. Within a
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