but some reckons they'd still use the black market because one of them said it's cheaper. you're watching the news still to come iran's rulers are learning it's all about the economy from banks to supermarkets we take a look at the economic factors fueling the nationwide protests. that's coming up next in business with benefits. and for all the latest news you can always check out our website dot com thanks for watching. the news it's not a result you know of course nothing is it really what will twenty eight thousand have in store for us and which topics and developments will shape the next twelve

months. on. brylin twenty eight eighteen. what lies in store for the new german government. and for chancellor angela merkel . today on t.w. news. we speak different languages we fight for different things that's fine but we all stick up for freedom freedom of speech and freedom of press. giving freedom of choice global news that matters d. w. made for minds. the united states thinks about slapping further sanctions on iran after a deadly crackdown on protesters the biggest anti-government demonstrations in

years. and twenty eighteen could bring a bonanza of i.p.o. activity especially in hong kong the asian market optimism stretches all the way to europe. and then fizzle and let's do business protests a roiling the major cities of iran and ailing economy sparking the unrest u.s. president donald trump has praised iranian protesters for acting against tehran's brutal and corrupt regime after days of deadly unrest the people are frustrated with a weak economy and rising food prices economic turmoil spilling onto the streets. the protests began thursday in response to a forty percent price increase for eggs and poultry the government also announced plans to raise fuel prices the moves would have hit the poor especially hard at a time of economic uncertainty inflation is at ten percent unemployment is high and

young iranians face weak job prospects this despite the high hopes that many expressed as international sanctions began to be lifted in the wake of iran's nuclear deal. with the sanctions being lifted we hope that foreign capital pours into the country. that will allow us to reopen factories. and then it will be easier for young people to find a job that suits their taste. but that's not what happened in investment did increase but not to an extent that would allow the broader population to live a better life one reason is the country's still decrepit banking sector. international money transfers are difficult and many credit institutions are essentially bankrupt so far the government has failed to build a stable trustworthy financial sector. threats from the u.s.

to reintroduce sanctions have also made foreign investors wary many iranians once placed their hopes for reform in president has done rouhani but now they see him as an ineffectual leader unable to stand up to the islamic hard liners who really run the country. so sanctions are a topic again germany was part of the international deal that was done with iran over its nuclear weapons a twenty fifteen folk a try is here from the association of german chambers of industry and called us to talk about the business implications involved here is to where would you put german iranian relations right now we had really brilliant relations before the great eyes in the late teen of iran from from the world economy in the year two thousand and five for instance we had a trade volume or an export volume of five billion euros so we are let's say back on track the export is growing to the iran we will reach after the end of this year

the full billion. line the limit or shouldn't be a limit but we are a bit below our expectations because foreign direct investments from germany to the iran are not really flowing below expectations because iran hasn't developed as as it was expected to since those sanctions started lifting the german business and european business are are under the support of democrats that means that sanctions could bounce back and with the decision of donald trump in october two thousand and seventeen there is even greater uncertainty and the whole process of the reigne and business and economy. is not that encouraging what we have expected why isn't it that encouraging because i was just looking at the growth figures gross domestic product rising quite impressively between twenty six

and twenty seventeen has not got through to the peak. you have to take into account that iran was isolated by round about at least one d. kate out of the world economy and right before it was a versified economy really relate to it and dependent on imports and also on exports and so there is the need for a catching up process which already began but why is that catching up process taking so long because china is really seizing the opportunity and its trade is booming with iran it's become iran's largest trading because for bigger investments stemming from the vests there is the threat that you get to be punished due to different sanctions regime between the european union and the u.s. in the u.s. so almost no german bigger investment can take place because there's

a lack of investment due to potential punishments in the u.s. and very briefly what if there are more sanctions from the u.s. what's going to happen this this fragile relationship between the west iran then this will break break up the economic relic sation and to some extent quite confident development in the iran for itself after all of its high from the association of german chambers of commerce and industry thank you very much for your assessment. yours are manufacturers' ramped up activity get there fast as pace in more than two decades at the end of twenty seventeen rising demand suggests european industry will start the new year on a roll the purchasing managers' index for the block in december was the highest level since the survey began in the late ninety's as a whole the eurozone economy out paced its peers last year it's going so well that the european central bank plans to begin throttling back its massive stimulus program this month. well twenty eighteen could be

a blockbuster year for i.p.o.'s in parts of the world initial public offerings for the first time stock of a private company is offered to the public so your chance to win best now last year was a disaster for hong kong's if it's to braise equate that the number of big chinese tech firms doing public will go public could change that analysts expect new listings to raise around five hundred billion dollars over the next couple years that pits the chinese port city against new york as the favorite place for tech companies to find funding among the i.p.o.'s a smartphone maker shalmi and wealth management platform new fox hole from our asia correspondent andrea hang as well as our frankfurt reporter and their device on the wave of i.p.o.'s to hit germany this year but starting with you under a why is asia leading this global i.p.o. judge. well this is eighteen percent jump which is almost making up nearly half of

the global telly is mostly coming from china followed by hong kong and india now just from china alone these are mostly new business lease business listings and this still a bunch more that will take about fifteen to eighteen months to be approved and it's all the tech sector i see which is quite interesting that's exactly right yes that enter general shift to capital markets as opposed to banks for financing needs as well so back on the tech sector ten cent and ali baba's subsidies these two big names in the asian tech sector are the biggest players in this game at the moment and if you notice these are what we call new economy companies that china wants to attract biotech firms and r. and d. funds are also at the top of that list then there are let's pull you in at this stage is that also the case when it comes to i.p.o.'s in germany this year. well

actually i.p.o.'s are expected to be on their almost record level also here in germany for two thousand and eighteen but the companies who are planning on going public are very diverse we're talking here potentially about the biggest i.p.o. since nine thousand nine hundred six coming from siemens a very very old school old economy company they're planning on listing their magical solutions business at least for twenty five percent of that then also going to bank is planning on listing parts of their asset management also rather old economy and then we have a couple of midsize companies who are currently owned by private equity which is which are planning on selling those stakes so those companies as well as the markets are doing so well so it's more or less a panoptic of a the average german economy not so much tech guy is will you keep saying old

economy they're in there is there international interest in that. it is actually for example joe k.'s the c.e.o. of siemens is touring the word and apparently there's a lot of interest in the magical solution business because obviously we're all getting older and that is one of the key drivers as well for profitability for aseem and so a very interesting business to invest in and everyone wants to live to one hundred back to you and the new economy why so much interest in hong kong over new york. that's an interesting question and a very good one this tradition is being breaking story this tradition is being broken for the pure and simple reason that new chinese listings have not been postponing as well as expected in the new york stock market for an example of days t.p.n. which is backed by ali baba the saw their shares plunge fifty five percent in the new york stock exchange just late last year also in addition to that this is also

china's way of propping up its own me main i.p.o. market as well ok hong kong over new york and the you economy over the old economy nice to speak to you both on that one anetta and andreea there for us and just briefly something that could all help us live a little longer china is cracking down on polluting gas guzzling cars state run news agency should says beijing has banned the making of more than five hundred fifty different models for using too much fuel and not complying with environmental regulations banned vehicles include vehicles produced as joint ventures by west in order makers and audi models from four trucking is on the list as is the mercedes luxury car from diana and the chevrolet model from general motors it's the first time beijing has published a list of banned automobiles. candy

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