Add on had to post such a move claiming higher rates would worsen the countrys economic problems. So Turkeys Central Bank raises Interest Rates and president out on those like it heres what he had to say ahead of thursdays decision. Used. When you look at Interest Rates and inflation in terms of cause and effect. Fly years Interest Rates are the cause and inflation is the effect. But if you see inflation as the cause and Interest Rates are at the effect then my friend you dont know this business. Because you can set the Interest Rates sanctities what inflation will still occur just now most economists of course subscribe to the view that higher Interest Rates are used to curb inflation for more lets bring in correspondent dorian jones in istanbul darrien president out on still doesnt seem to like this move how does still come around to finally approve an Interest Rate hike i think that is the big question people will be all in today and ancora and i think the reality is that the president realize how bad the situation will play think the tech economy if the central bank hadnt thought of simply increased Interest Rates and the expectation was that the turkish labor would be plummeting again to be another ten or twenty percent given the fact that the current hes already down forty percent the pressure on the turkish economy and the biking fiefdom will become acute this is why most people are believing that the president did allow the central fight to hike right now one could argue that this economic crisis has been there all along so what changed now what i think the big question is Going Forward is what will the central bank be doing for before there is a vacation the need for further increases in Interest Rates to defend the current see to drive down inflation which good some analysts are expecting could hit thirty percent will decide the allowed to do this by the president is the key question Going Forward and also to take all those steps as well now will this move today and potentially further hyson Interest Rates will this solve turkeys economic problems. Well the not really will be the big question there is concern that when the pain starts to hit the turkish economy is already reeling from the effects of rising inflation now these Interest Rates will expect lead except for a turkey drive into recession so the president will put pressure on the central bank to reverse its decision equally another fear of our analysts says is that if the positive effects of the Interest Rate start to be felt maybe the central bank will be forced to reverse these Interest Rates too soon these are big concerns on the investors also that turkey needs to take very important steps cutting back spending is the nub of the mungo the world bank and central bank and seen as key to driving down inflation as well as addressing the turkeys ongoing tensions with the United States so dorian we see the turkish economy in turmoil we see prices soaring how are people coping. While things are really very tough here indeed the dramatic fall in the layer last month that is now fueling inflation the prices of imported goods are going through the roof even in politics even food prices are now starting to rise the word inflation is on the minds of on the lips of minds of everybody in the country and also the fear all of this impending recession which most people expected to hit turkish economy that means rising unemployment and more poverty i mean concerns Going Forward i think the reason awareness even despite what the central bank has done turkey is facing some very tough times ahead. Correspondent dorian jones reporting from istanbul dorian thank you. The European Central bank continues to scale back its economic stimulus from october on words the monthly purchases of government bonds are going to be cut in half to fifteen billion euros these purchases are executed to keep troubled european economies afloat but they used to be did leave its key Interest Rate untouched at an all time low of zero point zero percent. Well so much for the banks now for a look at stocks and our wall street correspondents over two months is standing by in new york sophie how is wall street reacting to apples latest i phones well we did see some positive movement off the stock on per se but on the day of the event itself the stock did nothing really it opened at two hundred twenty dollars and this is exactly why both so to investors it doesnt matter how cool the new i phone is and how that the new apple watch looks like at least not as much as it matters if these products are going to sell so theyre going to Pay Attention to the next Quarterly Earnings and to the earnings after the holidays the most important season of course so yeah maybe some guys here on the floor will Live Streaming the event but just because they maybe think about getting their mother would be apple watch for christmas so she can check her part and so it looks like big tobacco is now out to get us all still and whats happening there. Yes a fascinating market chris stuff not only for consumers but also for investors you dont see growth rates like that anywhere else i want to say estimates are that the Global Cannabis market is going to grow at a two hundred thirty percent rate im to twenty twenty to thirty two billion dollars in spending and here in the United States make the fence fun vestas so that ready for the nationwide legal aid they send states are working hard on that and needs to find the source of income because he is cutting taxes he is a businessman who is going to want to take advantage of this market someone on the floor just told me and these and best of one to buy and hold stocks of Canopy Growth of the eagle before all these the massive investors come in and make the stock prices pop investors like make backhoe and big al call and both have either and now and to take out their options or are already invested with billions of dollars and so sheriff of Cannabis Companies in august alone have gained ninety six and a half percent so for three months in new york thank you. Talks between french fishermen and british rivals for a new deal on access to scull a bridge waters in the English Channel have broken down last month friendships confronted in the boats the french were upset about rules allowing any response to fish and their waters year round while their boats were forced to stay home and now it looks like scenes like these could soon return to the high seas. I spent over seafood boiled over last month as french fishing boats blocked their u. K. Colleagues from dropping their nets. Currently boats bound from the u. K. Are allowed to harvest scallops year round while their french counterparts are banned from fishing in the summer leaving a bad taste in many a sailors mouth. If you have played the game the british caught the scallops shelled them and sold them back to us. But its ok after the break they wont come back. And without a deal in the socalled scallop war theres likely to be rough waters ahead. A deadly bacteria is devastating italys all the industry strikes down trees extremely quickly leaves feels unusable and its spreading fast but theres hope for farmers in the form of a resistant. When it infects a tree it causes with the rain which ultimately results in the trees death it was first discovered three years ago and has decimated plantations ever since leaving farmers like were not gayety desperate the ant the pure want to be much nothing is as it used to be. Production has gone down by eighty percent this year which you. And the financial effects have been considerable. Quantity even then i went from fifty employees to zero and last week i had to let my secretary go after sixteen years. The diseases carried by sick adeles would sucking insects which spread the infection to healthy trees. One of the bacteria spreads forming a sort of barrier it prevents water from passing through the leaves believes dry up in the branches died due to lack of water together with his team at the university of barry dust experimented on olive groves to find a plant resistant to the bacteria after five years of Research Success they found two potential candidates to heal the infected trees Farmers Combine the sick plants trunks with the newly discovered branches this way they hope theyll be able to revive italys shaken olive oil industry. It was the car that the find it generation and one of germanys most iconic brands but now the v. W. Beetles time is coming to an end foxfire going to have announced the roll hall production of the beetle in twenty nineteen bringing an end to the cars seven d. Year history of its not all bad news for beatle fans v. W. Will release two more additions of the car before the beatles ride off into the sunset. And that wraps up our show thanks for watching see im back in tomorrow. Because he came to be taken seriously in the world of what appears was coming out. Of. The studio superheroes on a mission to change how to smart women how smart trucks are stationary and legend listen. To our brain creasing lean dangerous time. To make sure. Every dreamt of going on the expedition. Dont miss this story. Keisha johnson takes you along on a thrilling bone chilling. Each week you can discover. And looking. For your story on instagram