he calls himself the world's greatest filmmaker but some proves once again to be white it will break out pulls the u.s. out of the iran nuclear treaty and announces tougher sanctions we are on the economic consequences will be. homesick aminata bumpy if the best times and leaving it won't profitable than ever but analysts say tossing a seatbelt second. base is your business update on helen humphrey and by lead that you could join us u.s. president donald trump has kept his campaign promise to move europe trying to prevent announcing he is pulling the u.s. out of the iran nuclear deal will concerns now over the future stability of the iranian economy also announcing that he will impose the highest level of u.s. sanctions on iran and any country that helps it with what he calls tech wrongs ambition to produce nuclear weapons used a the european union said it was concerned that tougher sanctions could well push

the wrongs economy to the brink. the streets of tehran are in a sorry state the government only repairs the very worst sections of road and to do that they need machinery from abroad including cranes excavators and bulldozers when sanctions against iran with the twenty fifteen many western companies seize the opportunity to do business including many german companies back in the nineteen seventies iran was germany's second most important export market outside europe after the usa. last year iranian firms delivered goods worth four hundred million euros to germany above all oil according to the german chamber of industry and commerce germany for its part exported three billion euros worth of goods to iran. these ng of sanctions brought more than just machinery to iran they were also food products and of a good. yes they're created jobs to

a total of six hundred thousand per year since twenty fifteen. but that isn't anywhere near enough a total of half of all females under thirty with high school diplomas and a third of all males in the same demographic are on employed a return to economic sanctions against iran will only make the situation worse european countries don't want to risk contravening u.s. sanctions when they resumed in the coming months but the european union which supports the iran nuclear deal has already made it clear it would take measures to protect its companies doing business when the sanctions are re-imposed. let's bring in our financial correspondent in school in new york now jens good to see you bring us up to date with the reaction on wall street to this announcement yeah investors really haven't made up their mind yet what to make out of the announcement that we've gotten actually even after u.s.

president donald trump a spoke there were even if you would cheers here on the floor of the new york stock exchange as some investors believe or share donald trump's opinion that the deal has not necessarily been in favor of the u.s. so that was just a few traders but just to give you an idea how would the your reaction was here in new york and then the big question is will the whole situation escalate that could very well happen but it could also not have been and then we also a bit short on details what precisely which actions will take place one when we still do not know that so there is still a lot of room of interpretation the market at some point was down by a good one hundred fifty points and then towards the end the dollar jones industrial average even closed a tiny bit higher and what about your interpretation james how could this affect u.s. companies. well certainly it could effect the defense

stocks the defense companies here in the united states and we saw stock prices for example from companies like northrop grumman from lockheed martin trading higher it could affect a company like boeing they have a pending contract for about one hundred ten airplanes in a total value of a good four billion dollars so that deal certainly could be in jeopardy and then also we have to see what happens on the energy market oil prices fell here in the tuesday session but i guess that was because most people actually anticipated that donald trump would pull out and we saw already saw oil prices gaining quite a bit in the past couple of days so my feeling is that we have probably need to sleep one night over those events and then also wait for the global reactions and then we might have a better idea in the wednesday session while we can see want to and then of course european investors will be waking up as well and he said the feeling that european

companies could be more effective attention and merican ones yes there is this feeling besides of boarding they're not really that many big u.s. players are doing an awful lot of business with iran there also nor imports oil imports from iran to the u.s. if you look at some infrastructure companies energy companies even financial institutions in europe they have closer ties to iran than the u.s. has saw there is a certain feeling here that european companies could be affected much more than u.s. businesses. for us on a wall street monitoring that for now thank you very much indeed. twenty seven thousand was a german and tons a single pass and just look congo and will profit than ever before c.e.o. customs or had plenty of good news to say with the carriage shareholders at the annual meeting on tuesday but aviation experts say the challenge for the airline

well to be to get the good to keep the good times rolling the owns the end of the year. the reported a smooth landing at its annual stockholder meeting germany's leading airline reported it carried more passengers than ever before and defended its position as europe's largest airline in twenty seventeen. thanks to higher income in its cargo logistics and maintenance units lufthansa is looking at its most profitable year in the company's history. the bottom line of tons us on net profits jumped by a third to almost two point four billion euros and its free cash flow which allows the airline to maintain its fleet and paper new acquisitions almost doubled to two and one quarter billion euros. and that's cash left on the needs thanks to millions in additional costs associated with acquiring parts of now defunct air berlin. at stockholder meeting moved on to took pains to temper expectations says one industry

insider. but obviously the main nice message at the very top it's about there also there's also a lot of talk about constraints constraints to growth not enough pilots it's even harder to get it's hard to get new flight attendants enough air craft and frankfurt airport also faced criticism company officials said germany's largest airport was awarded the premium price and it moved tons of hope to shift its business to other european hubs. cape town is in the midst of its was drought in decades the lack of water is forcing people to take matters into their own hands waiting in long lines for supplies or if they can afford it buying truckloads of water at inflated prices or even drilling wells the devastating situation is proving a bonanza. stocking up while they can and in the past few people came to this well in the suburb of newlands in cape town but since

the drought they've been arriving in droves desperate for water supplies. water use has been restricted in private homes and as a result water has become a precious commodity. those with money have been digging their own wells pfizer golding hired a contractor to do it. with a set which means that. this is a speedy high so looking at that. but in the future it's actually base to get it because this is now my. property basically so i'm going to be saving costs. but it's no small investment either depending upon its depths a single well can cost over seven thousand euros in the goldings case the company reckons it will have to drill about seventy metres to access water that's safe to drink. the company has seen a huge rise in demand for wells over the last few months. it's always been

very busy but in the last eighteen months since the water crisis has really become the most of idea we have been inundated with phone calls. regardless of how good business is the boss doesn't believe that digging your own well is the solution to the water crisis using the ball wisely means done more to your garden six hours or ten hours a day for get to leave the pump on and think i'll switch it off tomorrow something that use it are new for mississippi's. one company that has a long history in the water business is jo-jo tanks its tanks can be found all over south africa and at its plant and western employees are working around the clock to meet demand. a single jump on this really challenges people's thinking about how they live how they use world and he does good opportunity to

challenge. not put it into play shall we spinning also support deciding devices needs sucking and it does create opportunities put into business and businesses to people he says. and jo-jo has seized the opportunity only a year ago the company was selling less than a thousand tanks a month today its production has shot up by over ten times that amount. called make out setting is popular a six and a seven models off it discovered what it called irregularities in sixty thousand diesel cars when the company's told german regulators it's the specs the models may have been manipulated to bypass environmental regulations adding to the list of german cars containing the illegal software and this could put the pressure on al gore's parent company. which is a ready paid out billions in damages in connection with the so-called diesel scandal. with the latest from the world old business more find us on facebook

follow us on twitter. on this whole business i'm going to be home free on twitter as well i'll be back tomorrow same time same place. such. a. touchy. touchy move.

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