tv Business - News Deutsche Welle January 4, 2018 12:15pm-12:31pm CET
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australian open due to an ongoing hip injury the three time grand slam champion has not played in a competitive match since wimbledon in july of last year murray had tried to compete at the u.s. open in august but with through two days before the start of the tournament the recurrent injury has seen him slipped to sixty eight in the a.t.p. rankings. you're watching news still to come on the program unfulfilled hopes of a better economy and we will look at how disappointment is fueling those protests in the country that and other business news is coming up chris. holmes. the stories inside. it's all about george chance to discover the world from different perspectives.
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join us and inspired by distinctive instagram murders. d.w. stories topics each week on instagram. which a bit of. your link to news from africa and the world or link to exceptional stories and discussions on use of these eat and what website d.w. dot com snagged three com join us on facebook at g.w. for. the hopes for a better life. as iranians voiced their anger about the country's government and economic condition we ask an expert what it will take to improve the lives of millions of people meanwhile oil prices have hit
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a three year high is just the. fueling the rise will get the view from frankfurt and a look at the persisting global problem that is child labor. this is a business on first of cobol welcome they had of iran's revolutionary guard has announced what he called the end of sedition. the weeklong anti-government protest that's all twenty one people killed and hundreds arrested came in large pots because many iranians feel it can make a left behind as international sanctions were lifted many of them had hoped their life would improve in twenty fifteen foreign companies invested some two billion dollars in iran now once sanctions were lifted foreign direct investment increased almost three point four billion dollars french and i joined total invested heavily in the country as did french carmakers and german companies are also vying for business in the country that all adds up to a sixty five percent increase in foreign investment but with many feeling the
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upswing bypassing them others feel that their top is that they were able to establish with the west may now come under pressure. so dot is general manager of term and charge of a primarily female team the tehran based company imports medical devices to supply hospitals and clinics that specializes with high quality products and sources them from european partners known for innovation and reliability. they're not looking to just sell a product and then just as you please that you choose and not falling over the customer the fall of the customers make sure that they get trained because the believe if my customers happy with my product and it's a happy customer it's going to bring more customers. would like to contribute towards making a run into a medical tourism destination it's plan availability of state of the art technology
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to attract well off patients from foreign countries. it's part of iran's economic renewal following the lifting of international sanctions in two thousand and sixteen iranian businesses and erstwhile western partners reached out to each other hungry to pursue investment and trade opportunities but the economy is still struggling unemployment and corruption are rife inflation is running at near ten percent and the current unrest could scare off potential investors. now for more let's bring in thomas gave he's a german entrepreneur who's medical equipment company has built a joint venture with a kind of company we just saw in that report has been doing business in around for years thomas welcome to the program that many of the protesters say they don't feel any economic improvement what's the major problem hampering the development they had hoped for. hello good morning the major problems that we will face is like you said it's corrupt say it's a lot of also
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a bird and slow procedure has now the sanctions against iran were lifted two and a half years ago how realistic was it to expect conditions to improve in such a relatively short period of time. i guess to expectations on little bit too high in the population in iran is a relatively young so the people who want to charge in and so i guess it takes some time and it takes in west and the trends for know how from the from the west to to iran to this region that we will have bigger progress in the future so is that in your point of view what the iranian economy needs at this point more smart brains from outside. yes absolutely and what's also necessary is did we will find bigger german banks for the transactions right now will face
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the problem that we cannot make business because we just have smaller regional banks who accept transactions from iran because the bigger german banks in figure two to to get sued if they got us business so does is also a reason why business is not so not so easy if you cannot make financial transactions now how important our business ties with germany and europe for iran it's very important made in germany has a very good reputation and especially we as germans i'm always treated very valid very polite and so we we should not lose the rest becht if we have to contract compliance and stop now discussions about the atomic deal and stuff like maybe from the u.s. side now you are somebody that has been doing business with iran for years what do
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you make of these weeklong protests we've been seeing. i guess the protests because after the price ever was rising for some nutritions and i'm pretty sure if we will have a stable economy and economy there then the protests will be we will be gone real soon and thomas finally do you think those protests will change anything in the long run. i don't think so. it's a little bit complicated to go deeper inside the ring. but i'm pretty sure that their rings are smart enough to know what's what's best for them in the future thomas gave our head of project coordination a blue ocean a german company with close business ties to iran thank you so much for your analysis oil prices it is three year high on thursday the cost of
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one barrel of brant crude is now above sixty seven dollars the rise comes after oil prices have hit historic lows in recent years leading all exporting nations have been trying to address the issue with production curves recently stabilizing the price somewhat. for some more analysis let's bring in yellen stanzel he's chief market analyst at c.m.c. markets you often welcome to the program tell us what's the driving the price here is it just the unrest in iran. oh no it's not not only the unrest in iran that's one factor that the market is paying attention to if we go back two years ago there was a massive oversupply in the market of oil and now we have a more balanced supply and demand and that is the reason why it markets pay attention to the of rain in solution because the did the protests there are not
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very probable to really limit the iranian oil production the chance for that is very low but markets pay attention to that because the chance that there will be scarcity coming out of those news is much more probable than two years ago i think the more more powerful factor behind the oil price increases is the weak dollar still it's take a look at iran here and once again for a second one of the big producers of oil in the world obviously the country has been trying to move foreign energy companies to invest in iran until now only french and the giant total has heeded the call why isn't there more investment. i think that the market certainty about the political developments in iran still isn't it's still not that high and if you want to invest in oil projects it's not just an investment that pays off like six months later but it's projects to develop
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those oil fields for years to come and so you need a long time long term safety and long term perspective that gives us an investor a safe environment and i think that most companies right now are not really not really sure that this is a given fact there and you don't tell us with oil prices on the rise as fracking in the united states lucrative again. yeah it's back to sixty two if you look at west texas intermediate the u.s. oil. w.t. i is back at sixty two and that is somehow the threshold for the fracking industry does the big frack luck with how it is called so it's a fracking backlog that's already trailed but not activated feels that could come into production in a few weeks and that could then by itself. like dampen the oil ready that we've
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seen in the past weeks all prices on the rise young stanzel chief market analyst at c.m.c. markets thank you for your insight the international labor organization says there have been improvements in recent years regarding child labor nevertheless more than one hundred fifty million children around the world are still forced to work often instead of going to school you know so going to work means food on their plate and the roof over their head at least in the short term. these children are making t. shirts that will be sold across the world and some by gang given fourteen the legal age for employment in bangladesh muhammad is one of them is just thirteen is working in this factory because he has no other choice. all the follow on the all in the family has money problems we all along to market traders that's why i have to work if i earn a lot of money i may go back to school but those are going to know of muhammad
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works at least ten hours a day and he only gets one day off a week. child labor is a major problem in bangladesh where one in ten children between the ages of five and fourteen work. mohammad's honoris work help support his family has paid amiga monthly wage of forty euros says most i'm sorry for my son is not getting educated so he has no future that makes me sad but i see no way out of the sex that much like his mother was mohammed has been forced to choose between an education and food. i wish the boy all the best that's a show thanks for watching. because
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so do social problems. next d.w. . enter the conflict zone this week on thinks only is it the us on the swollen fez training area is a very old guest is lieutenant general ben hodges comando of the some thirty thousand u.s. soldiers in europe with such concert kamandi in chief in washington many people in europe are wondering is america still a reliable. the first in sixty minutes on d w for. g w true diversity. where the world of science is at home in many languages. on top of that i mean go on there is.
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now with us now our innovations magazine for in just a few hours from every week and always looking to the future fund d w dot com of science and research for asia. this is you get me it's come to time but and let's go right to our correspondent news insensible is that well i'm joined by the shellac up thirteen of his political correspondent on those stories in just a minute but first this news just in it's all about the perspective clue. subtree w. s. . were at. a low and a very warm welcome indeed to focus on europe i'm peter craven a new presenter joining michelle henery here on the show.
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