fight against isis continues now syrian government troops have managed to push the militants from important oil and gas fields to regain an upper hand in the region. the role it's most valuable brand is even more valuable record profits and new i phone bring attack try and spell you ation closer to a trillion dollars. and venezuela is on the verge of collapse president model promises a way out of the debt crisis. and welcome to business news and funny for char in brawley i see isis needs oil to finance itself now syrian government troops have managed to push the militants away from important oil and gas fields and to regain an upper hand in the region. resound ing success first syrian government

troops they've managed to push back isis militants away from the country's important oil and gas fields in the last weeks the syrian forces and the kurdish arabic alliance steadily reestablished control of the oil fields and in around three years of isis occupation. isis fighters took over omar the biggest oil field in the country's east in twenty fourteen and the oil rich city of barrel cerner. oil was a significant source of income for isis they earned millions more alone produce thirty thousand barrels of oil before the war but a few months after isis seized the oil fields the facilities in alomar were destroyed by anti isis coalition forces in an effort to choke off isis financing the militants still control around forty percent of the province but the recent advances of the syrian troops mean the government has regained the upper hand in

the region. international trade agreements are certainly not the boss words they are growing protectionism and my country first. let to cautiousness now industry representatives from all over the asia pacific region are meeting in perth in order to strengthen relations one of the most successful businesses in the states mint is in perth and the men's best customers are the germans. perth is a worthwhile place to spend time in while waiting for the german president he's expected to arrive in the afternoon and to open a german australian conference later today the city has two million inhabitants it is a capital of western australia the state is seven times the size of germany outside of perth only five hundred thousand people live here with two people per square kilometer it's dominated by vast and empty land. one of the most successful

businesses is the statesmen to which is located in perth almost everything revolves around gold here and a little bit around silver it started at the end of the nineteenth century the mint used to be a branch of the royal mint in london and it operated under british law until nine hundred seventy nowadays it's owned by the government of western australia around six billion euros worth of gold was turned into coins and bars here than in space countries or the germans more than five million coins were exported from perth to germany. the process gold comes almost exclusively from australia after china australia is the world's second biggest gold producer. what you can see behind me is not a piece of plastic it's pure gold it's a coin here at the postman and deported to no new one. the value of this coin

is about forty eight million euros and it weights one me trick tons and boy did they do it just to prove it's possible because of the nation's joy and for. coming from singapore the german air force plane landed right on schedule of perth airport for the first time in sixteen years the german president stepped out onto australian soil. to apple the tech giant search john not a new high today the release of latest i phone the ten which is expected to break records that and profits last quarter now put the american companies market cap at almost nine hundred billion dollars. the images are practically identical all over the world. there is a countdown. customers first then when the doors finally open in stores in london tokyo and paris they put down a pile of money and leave at the student for it. i

think i want to go home get some rest and enjoy the phone. it's the day that i wait for each year really for eleven years now and since the first i phone every year i line up the latest in apple's range of products whether it's an i phone whether it's the watch the i pad the mac. so i bought three i phone ten so that my whole family can enjoy them. the latest i phone has an edge to edge display and uses facial recognition technology but otherwise it doesn't seem to be the huge technological leap forward that album claims even so it costs around two thousand dollars and buyers know they're paying mostly for the brand how long can apple keep it up that's the billion dollar question competition is growing samsung isn't the only challenger chinese manufacturers like shell me and while way are also fighting life of the pie. if in the future the iphone still doesn't have enough a novel of main feature and chinese producers will bring out all down in the

past the product research and development of chinese producers were copied from apple but this is changing chinese producers are the first to produce the full screen and are emphasizing quality and photos now apple is looking more like a chinese producer. that could be but until now that hasn't made a dent in apple's bottom line there were so many orders for the i phone ten but it's already confidently forecast record sales in the run up to christmas. time to cross over to. new york on wall street standing by for us. the apple is cashing in as usual of course but there's of course also criticism that the company does not really deliver all produce anything innovative this time so there is that next big product that everyone expects from apple. i phone ten is new and innovative sure about it wasn't truly the most important

announcement that apple has made yet it will sell by the tens of millions maybe even a hundred and it will provide the bottom baffled profit for years to come but is ultimately still a pretty flat of glass and metal that you hold in your hand and apple is already looking to the day when that not number the way that people interact with it if i was dropping a few here is the next big thing might be a device that is always with you around your arm like the apple one yes roy it's not the flagship product so far but apple says that customer satisfaction is ninety seven percent and in line with many office of the product and with the new radio on board if even possible to make calls and receive messages with the apple. now in force i phones of course a very prized no matter which edition so just for whole long is a company able to maintain such a high price tag also considering of course competition. well

apple products have always been more expensive than the ones of a competitor apple is all about the margin and of course margins are pretty high at a price of one thousand dollars and the recent earnings just have try have shown that this strategy would work with the high price so she wants to new york for us thank you so much. and it's all is on the verge of collapse in a huge debt crisis so hard to you reduce debt debt so far the country's leaders against restructuring now the current president what they would hope promises change. venezuela is on the verge of bankruptcy and is now admitting it openly in a speech to the nation president nicolas maduro announced plans to restructure the country's ballooning debt which is estimated at around one hundred fifty billion dollars the first order of the day he said was to make payments on money owed by state oil company say yeah i will begin that p.d.

vs a twenty seventeen bond payment but after this payment i decree a refinancing and restructuring of foreign debt and of all of venezuela's foreign payments i will appoint an official presidential commission chaired by the vice president to begin the refinancing and restructuring of all of venezuela's external payments but if. that statement is an indirect indicator that venezuela is no longer able to pay back debts it still isn't clear what the president expects a new negotiations with creditors missed payments could have serious consequences on financial markets low oil prices continue to be a huge problem for venezuela the country's economic situation has gone from precarious to disastrous. venezuela has always met its international obligations we've met them and boom times and during times of low oil prices we've paid every last cent of our foreign debt sometimes

with great sacrifices and great efforts our intention is to continue to internationally fulfill venezuela's financial obligations but our intention is to put a stop to the financial persecution of banks and international organizations against venezuela. for months my daughter has been involved in a struggle for power with venezuelan opposition parties and parliament has to approve any plans the president makes to restructure the country's debt. an air berlin commercial flight landed in the german capital for the last time a week ago when the insolvent carrier officially halted operations now the first of its planes bought by rival lufthansa are being repainted defense announced on twitter that this propeller and crawford soon be hitting the skies for a subsidiary euro winx but it's taking some time for air berlin to get all its planes home one of them all landed back in germany on wednesday evening for two

weeks it was stranded in iceland because the broke haven't quite operating feast at keflavik. very nice thing doing business with you thank you so much for joining us .

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