he calls himself the world's greatest filmmaker but trump proves once again to be quite they do break out as he pulls the u.s. out of the iran nuclear treaty and announces tougher sanctions we are but the economic consequences will be. coming up a bumpy year for distance and leaving it more profitable than ever but i'm lists a tossing a bells that could be going to have. bases your business operates on having a home free and by land 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 a clone of me 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 were eased in 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 other goods that created

jobs to a total of six hundred thousand per year since twenty fifteen. but there 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. now yang's 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 us president donald trump

a spoke there were even if you would cheers here on the floor of the new york stock exchange just some investors believe for share donald trump 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 a tiny bit higher and what about you know 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 board 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 waiting up as well and he said the ceiling that european

companies could be more effective potentially 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 was iran there are also no 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 all right yes caution for us on a wall street monitoring that all out thank you very much indeed. twenty seven thousand was a bump in gemini. will 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 held at 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. tonnes a 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 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 tons and 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 much better to 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 and crofts 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 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 for her is. that a fiction by the ts people in us is the speed so looking at that. but in the future it's actually base to get a pool hall because this is mama. 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 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 he's 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 or ten hours a day for get to leave the pump on and think i'll switch it off tomorrow something that 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 wished her employees are working around the clock to meet demand. i think the job done this really challenges people's thinking about how they live how they use walter and he does chaotic opportunity to

change be at it like putting in those play shall we spinning all sorts of more deciding devices the cycling and it does create opportunity to be near some businesses to people in the city. and joe joe 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. come a county 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 this complaint said 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. that's it europe today with the latest from the world old business more

find us on facebook follow us on twitter. on this whole business i'm heading to see humphrey on twitter as well i'll be back tomorrow same time same place. now to move to. the to. the to the to. the to. the to. the to the to the to move. to.

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