and to me my option set up on of the luck factor for an easy tap in and then in the second half mizzou disease posted through boy found team obana who states code to put the signs level like aside to strike again to put the french back on the need in the fifth and fifty minutes but in the final seconds long equalize once again for me to own the final school. coming up on new news cast of venezuela has assigned a debt restructuring deal with a russia will this help the country award slipping fall of the into its current crisis and then a humphrey from opposite sides will have the story for you coming up shortly.

your children like chocolate. with on your smartphone. or to make jokes to some market. as we go about our do you mean live human rights all from the last one minute. invisible hand. when in the twenty first century starting december second on the. on the brink of bankruptcy venezuela has partially defaulted on its foreign debt and with skyrocketing inflation food and medicine shortages the country is spiraling ever. close to

a humanitarian crisis. or so coming up shop at home and abroad we w. investigated for a form of tax evasion in germany and facing accusations of collaborating with the military dictatorship in brazil. and the days of the concorde might be long gone but now a startup says it wants to make london to new york a three hour flight again. this is your business update on helen humphrey in berlin thanks for joining me kastrup venezuela and russia have signed a debt restructuring deal easing the terms and conditions on the which caracas must repay some three billion dollars it owes to moscow the deal coming just a day off the credit rating agencies standard and poor's and fitch declared the south american country to have partially defaulted on days the unwelcome status is bestowed on a country when it fails to pay one or more of its financial issues. is venezuela

running out of money a sovereign default is expected on a daily basis but the much awaited answer for decisive government meeting with creditors ended abruptly after only thirty minutes afterwards participants talked of having listened to confuse statements but no concrete proposals on restructuring the country's massive debt instead they were offered colorful packets of venezuelan chocolate and coffee as recently as sunday president nicolas maduro said his country would never do falter and promised investors a good deal but wrapping up tuesday's proceedings with a press conference venezuelan vice president tarek ally sami had nothing firm to say about his country's future speaking on state controlled t.v. rather than laying out a plan he blamed the u.s. for venezuela's quandary talking of an economic war by donald trump against his country. a few months ago the u.s. imposed sanctions on venezuela the e.u. hasn't followed suit but did impose an embargo on weapon sales to caracas the e.u.

doesn't want to worsen the plight of venezuela's people who are suffering under catastrophic shortages economists estimate venezuelan inflation is running at more than seven hundred percent food and medical supplies are scarce but venezuela still hopes to pull through there is a cause a little bit of positive news on the horizon that there are courts that venezuela could. add a restructuring with russia perhaps that could be announced that makes running in the week. an agreement with russia could keep the venezuelan debt cliffhanger going for another few days at least. well you're ahead of that deal with russia and spoke to dr talwar long at the university all for aid in the u.k. he specializes in latin america and i began by asking him whether we should expect venezuela to tape into full blown a bankruptcy and how likely he thought help from russia. well i think that this was

going to be facing a really hard time and it's been looking to russia and before russia to china for solutions for quite a while assistance has been mounting more than sixty billion dollars in bonds but a total external debt that's probably well over over twice that so this was going to continue facing difficulties because it's in the middle of one a cash crunch and two it's negotiations have been complicated by u.s. actions yet i mean restructuring of its debt could be quite tricky with those u.s. sanctions the european union has also ready to sanctions the country though is spiraling into a humanitarian crisis if investors seize assets what would happen to the country what would happen to the people. well the country's been going through an incredibly difficult time for years and it's just getting more and more difficult

essential even as well as using all of its decline in foreign reserves and it's selling off many of its foreign assets many of those in the oil sector to be able to meet these debt payments and to be able to support a really costly and inefficient multiple currency exchange rate scheme and to do that it's just cut imports and then it's well. ninety five percent of its exports are crude oil and it imports an overwhelming majority of its food and so food and medicine are amongst the things that are immediately kind of when imports are slashed now as you as i said this is a situation that's been building c. is it has come to a head now but where does the blame is it with the united states for its sanctions or is it also to do with a caracas government a socialist government to fix prices figure. well this is the blame overwhelming they have rests with the government in venezuela the u.s.

sanctions have complicated matters but they're actually very narrowly targeted venezuela could appoint other negotiators who are not under sanctions and that would ease some of the immediate difficulties of the negotiations but the root of this problem is in venezuela and mismanagement of the economy and particularly in mismanagement the national oil company had a recession this is a country with massive oil reserves but it's well production has been falling even as its debt problem ounce because it's under invested and that oil company is in real trouble doc to tell me at the university of warrick thank you thank you. troubles for german authorities raided the offices of several senior officials the scandal ridden or to make investigators search the offices of at least two top executives raiders related to an investigation into the income of works council chief found austin or the chief work is representative of the company and as much

as seven hundred fifty thousand euros prosecutors say that could amount to an illegal waste of corporate funds and a form of tax evasion. for more on this we can speak as you all financial chorus want to. aid frank but you know there's a further investigations the w. will invest as pulse is racing i don't know are they just used to it by now. well in itself this shouldn't come as a surprise to them because as early as may state prosecutors already said that they were looking into possible irregularities surrounding compensation towards the work council saying about however fox fun share price fell by more than a percentage point in after hours trading when news of the raid broke and in today's session of the share price is still very much in red territory showing up for investors still have the capacity to be shocked by negative headlines from the fact that there are other parallel investigations going on me about investors and

won't have a shortage of negative news to react to in the past in the coming months. v.w. hammering out its investment budget this week we're talking about double digit billions could these ongoing investigations be an issue there. yes a lot of number crunching going on there and we know that fox voting has already set very ambitious targets for itself when it comes to playing catch up with industry trends like electro mobility and autonomous driving while still trying to invest in improving diesel technology but at the same time this is all happening at a time or scandal has already cost fog's found a lot of money in the u.s. alone the tab has reached twenty five billion dollars now it remains to be seen how much more future litigation could cost but what these ongoing investigations tell us is that ford's phone at least for the next few years will continue to be defined by having its push into the future run alongside payment for the past absolutely

genelle in frankfurt thank you. bought another big name in sport might be having trouble selling the a three eighty but european pain manufacturer is doing well with smaller models show the company is set to seal the biggest deal it has evan a go see eight it us invested in the copilot as is purchasing four hundred thirty eight three twenty neo single aisle planes for over forty billion dollars the deal gives us the upper hand in its order war with boeing for indigo partners the air bus deal would provide them with upgraded single jet liners for their fleets of cost carriers across north and south america as well as europe. now how about london to new york in three hours that is the dream of a startup in the u.s. hopes to bring back supersonic airliners fourteen years after the noisy gas guzzling concorde stopped flying but this time the aircraft should be forced

a quieter and above all more profitable. this could be the future of passenger flight the new supersonic jet called boom traveling at twenty three hundred kilometers per hour it would be faster than any other passenger plane ever built and with fifty five seats one of the smallest for now visitors to the dubai air show can only see a few small models but it's turning heads and i think supersonic can only come from a newcomer if you're boeing or air bus your economic incentives are to iterate on the same product even making for decades for supersonic to come it's going to have to come from a new company there of only ever been to supersonic airliners and they proved to be expensive impractical and even dangerous but today many of the hurdles that plagued the t one forty four and the concorde have been overcome concorde was a technical thanks acid an economic failure fifty years later we've got new technology a carbon fiber composites a turbofan engines which allow you to do supersonic for seventy five percent less

than concorde talk there have already being seventy six orders if everything goes according to plan the first planes will be delivered in six years the number available in the world for whom the susan attractive product. limited which will might like to go of course trans pacific trans atlantic perhaps to killer apps fool them again how many airlines will be buying that that's a more complicated question but its makers say it's a product for a lucrative nisha a flight across the atlantic in the boom should cost around five thousand euros within the budgets of business class travelers. that say you're up to date with the latest from the wild all business for find us on facebook follow us on twitter d w underscore business on there as well i don't see how free is my handle i can.

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