limit the number of migrants coming to germany. the biggest airplane deal in history has just been signed at the dubai airshow the lucky winner is european giant airbus and a group of low cost airlines which will receive four hundred thirty shiny new birds . also on the show russia and venice well have signed a debt restructuring deal but will it help because as my little stir his country away from bankruptcy. and thailand's famous long tail motor boats might get quieter and environmentally friendly that's if a german company succeeds in selling the idea we'll have the details. it's time for business on d.w. i'm sorry you don't get us thank you for joining us airbus has just struck its

biggest deal ever in the wake of reports of weak sales of its a three eighty super jumbo it's now received a juicy order from u.s. private equity company indigo partners the order is a big one but for smaller planes though four hundred thirty single aisle planes of the a three twenty neo family for a whopping fifty billion u.s. dollars that would provide indigo with state of the art aircraft for several low cost carriers it owns in north and south america and here in europe it's not the only deal was sought today because venezuela is approaching bankruptcy and now the cash strapped country has signed a debt restructuring deal with russia it will ease the terms and conditions under which one us where law must repay some three billion dollars it owes moscow the deal comes just a day after credit ratings agency standard and poor's and fitch declared the south american country to have partially defaulted on its debt. venezuela isn't paying

its bills and is already in partial default now it's over to a four hundred twenty million dollar interest payment the deal with russia will help fund that at least but the three billion dollar amount is nothing compared to the country's sixty billion in bond debt despite the rot in the domestic economy the country's central bank has been considered a reliable bond issue we're always paying on time as recently as sunday president nicolas maduro said his country would never default his communications minister making clear where the government places the blame. for say need to be refinancing for venezuela's foreign debt has begun in a coordinated manner. we are clearly overcoming the siege at the trumpet ministration national assembly president julio baugus and other representatives of the right in venezuela are attempting in venezuela. the fabric of venezuelan society is beginning to tear a few months ago the u.s.

imposed sanctions on venezuela the e.u. has followed suit with a weapons embargo and travel restrictions on some government officials desperation is mounting economists estimate venezuelan inflation is running as high as seven hundred percent food and medical supplies are scarce as the country scrambles to save money. ninety five percent of its exports are crude oil imports an overwhelming majority of its food and so. when imports are slashed. investors are demanding a default declaration for the state oil company p d vs a to do to its own financial mismanagement a country practically swimming in oil is now drowning in debt. or at its center matic situation there want to analyze with our financial correspondent at the new york stock exchange so fisherman hi sophie good to see you and this

troubling time. well now as we just heard president nicolas maduro said that his country would never default and it is true that we've been talking about been it's one of being on the brink of bankruptcy many times for many months or even years and it hasn't happened so why would it be different this time. now well analyst certainly don't like the limited transparency that is going on right now but it is important here to say one thing venezuela really does not default on over a billion dollars in principal and interest payments but of course it is at risk on wednesday the venezuela and all those giant p.t.v. is a step that the cuban payments for its twenty nineteen and twenty twenty seven maturing bonds were in the mail the governments also said that the coupon payment for the event to add twenty nineteen and twenty twenty four bonds on that way so at this point bond holders have

a not agreed to demand immediate payment of principle that is the key thing to watch for i would say that the markets of things and then into a lot will eventually service its best golf course risks remain of course we will watching them closely now adding to the problems of venezuela certainly as the oil prices which we saw drop today what is causing that drop. yeah well there are still a lot of concerns out there about the output and the mess it's all over supply caused by the united states for example the opec has been trying to cut production but the united states for example are not part of this organization so they keep drilling and fracking and flooding the market the reason weekly figures show us trailers are pumping new all time high levels so fears of rising u.s. outflows are real and on top of that there comes an oversupply a sluggish the men so wall street just started down the forecast for demand growth

and some analysts even say that managed to a last slow moving collapse just add on to that so fishman ski in new york thank you very much. european union parliament has overwhelmingly approved legislation to protect e.u. industries against excessively cheap imports from non e.u. countries it also allows investigators to consider environmental and labor standards and countries of origin when setting import tariffs the law is chiefly intended to offset the consequences of granting china market economy status which will make it more difficult to prove illegal trade practices by beijing china has been criticised for undermining global steel and solar panel markets. and we all hate traffic jams but if you think yours is annoy look at this one at the man goal the chinese border. thousands of trucks lining up along the unserviced roads of the gobi desert coal is back in demand especially in china

imports from the neighboring country of mongolia quadrupled in the past six months alone the borders however haven't caught up with demand they're understaffed and drivers are waiting for up to week. i have nothing to do except to wait in line in my truck. i try to distract myself from getting bored i cook and so on it's very boring. a micro economy has popped up around the coal caravan meat cigarettes petrol hawkers are supplying the suffering drivers. the route through the desert is dangerous especially at night it's easy to accidentally steer off the road but often alcohol is the cause. of this job is very risky of life threatening but we have no other choice we have nothing else to do. the once

a booming state of mongolia has slipped into economic crisis the country stood on the brink of bankruptcy earlier this year that compounded the pressure to quickly process exports to china yet there's no improvement in sight in fact fear that smugglers will try and enter the country has led to even stricter checks and due to dwindling finances the building of a rail route has now been put on ice it seems the only ones who can move on hinted around here are the camels. and why it's why there is other means of transportation like thailand's iconic longtail boats those might now get quieter and more environmentally friendly. they might be iconic but they can be quite a nuisance as well on bangkok's canals and floating markets longtail boats are not only a familiar sight but a familiar sound as well. david

hunter and his team want to change that today they're trying to convince the local authorities that going electric has many up sides brought one of their test motors along after all proof of the putting is in the eating. most people's mind when they switch from a combustion to an electric is how long will my battery lasts. but i think for areas like this where. you don't go too fast an electric motor can go all day without recharging so i think once people get to understand it and feel that anxiety they had before or quickly be taken away. before they can go for a piece in the conventional motor needs to be removed then the much like to talk you know engine is mounted to the boat you know only takes a few flicks of the wrist.

let's first mr true on the local boatman doesn't seem to trust the three horsepower drive. but the slim engine provides all the thrust he needs. at this now you have like ten kilometer range. which is not me all day long in this world or traveling. after a few minutes initial skepticism gives way. like mindless motor definitely has enough power and it's so easy to use you just turn the handle. thailand tourism authority is already on board. with the new technology . they don't have any noise pollution. environmental lucian and also i think it's really good for the peoples around here too because they quite happy about the thing it's more peaceful more calm and will be will be very high profit for tighter it's an industry. provided the investors don't shy away

from the costs of two thousand euros the retail price for this model is about ten times as much as a comparable combustion engine its peace and tranquility however is certainly priceless. that's all for this edition of see you next time or any time. by.

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