he calls himself the world's greatest he'll make a big trump proves once again to be quite good to the breakout as he pulls the u.s. out of the iran nuclear treaty and announces tougher sanctions we ask for the economic consequences. it was a coming up a bumpy you suggest times and leaving it more profitable than ever but analysts say tossing a seatbelt second. base is your business update on helena 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 drugs ambition to produce nuclear weapons used a the european union said it was concerned that tougher sanctions could well push

the wrongs a clone of me to the brink. the streets of tehran are in a sorry stage 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 these ten 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. the easing of sanctions brought more than just machinery to iran they were also food products and of a good. they're created jobs to a total of six hundred thousand

a 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 to aid in new york now jens good to see you bring us up to date with the reaction on wall street to this announcement you know 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 are 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 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 dow jones industrial average even closed it tiny bit higher and what about your interpretation james how could this affect the 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 it want to and then of course european investors will be waking up as well and he said the ceiling 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 the european companies could be affected much more than u.s. businesses. and for us on a wall street's monitoring that full out thank you very much indeed. twenty seventeen was a gemini. passengers more congo who profit than ever before c.e.o. customs for had plenty of good news to say with the terrorist cell does it the annual meeting on tuesday but aviation experts say the challenge for the airline

will to be keep the good to keep the good times rolling he owns the end of the year . 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 pay for 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 missed message of the very upbeat spots there were also there was 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 the company officials said germany's largest airport wasn't worth the premium price and that move tends to 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 chuck loads 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. they said which means that. this is the state high so looking at that. but in the future it's actually base to get it because this is mama. property basically said 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 pfizer golding's 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. before has been

very busy but in the last eighteen months since the water crisis has really become more severe 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 a ball wisely means done more to your garden six hours of ten hours a day for get to leave the pump on and think i'll switch it off tomorrow something not that use it are new for mrs city'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. us into jobs on this really challenges people's thinking about how they live how they use words and it does play out of that unity

challenge. like putting into play shall we spinning all sorts of what deciding devices need sucking and that's a bit of it you need to 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 my county house setting is popular a six and a seven models off it discovered what it called irregularities in sixty thousand diesel cars while the company's told german regulators this is specs the models may have been manipulated to bypass environmental regulations adding to the mists of german cars containing the illegal software and this could put 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 on twitter as well i'll be back tomorrow same time same place. tuttle. move. move. move move move move move move move move move move move. move. move move move move move move move move move move move move move.

an exclusive interview with the french president. abbas and well my head is stirring up in france europe and the world we meet the rising star of global politics the interview may ninth on d.w. . loaf. i'm not allowed they will not succeed in dividing the subtle not succeed in taking the people off the streets because we're tired of this dictatorship. taking the stand global news that matters. made from minds the book looking for the white house the first sound is shaky about the much about the movies your favorite place. in the beginning to bring them up to show. good good politics to be inside

a country champion a free country and for the last sixty years the league for mines. a blessing. and a curse place force of nature and inescapable slate. monsoon the tropical jungle first shipment from the player the song going to some country looks odd a source of blame to cause of the most destruction played monsoon starting may twenty third double.