i think that the men are returning home with the secretary of state by pompei oh is wrapping up a visit to pyongyang. and with that you're up to date on the i'm sorry kelly n.p.r. lead actor a short break monica jones will be here with the very latest business news she's talking about america's decision to back out of the iraq nuclear pact that it's not only a blow to the iranian economy she will look at the many german businesses who have been developing close ties with the country so to keep it here she is back in a few minutes i'm sara kelly thanks for watching. i'm not over out and i will not succeed in dividing us out i don't not succeed in taking the people off the streets because we're tired of these dictatorships. taking a stand global leaders that matters d. w. made for mines. it is all done it winning. of really

going to. get your link to news from africa around the world. your link to assumptions stories and discussions pena one will come to do such a clean program tonight from foreign gentlemen from the news of these eaves i want woodside d.w.t. it comes much africa joined us on three's book the t.w. africa. at the. washington quits the iran nuclear deal and it wants other countries to join them in re imposing sanctions so what does this development mean for german business interests in iran we talk to the chairman of the german iranian chamber of industry and commerce in tehran also coming up it's on the unlikely combination.

blocks chain investors the flock to hurricane stricken puerto rico for tax reasons and on humanitarian grounds so they say. welcome to w business well can german companies continue to do business with iran or do they have to fear u.s. sanctions that's the big question today after the u.s. pulled out of the iran nuclear deal and expects other countries to join them in the imposing sanctions so far germany france and the united kingdom say they will remain committed to the agreement and protect their business interests in the region iran is urging caution it hopes economic interests will keep other countries from following washington's lead it says there's a lot of money to be made in rebuilding its crumbling infrastructure that's music to germany ears before the nine hundred seventy nine islamic revolution iran was one of west germany as biggest trading partners it's a relationship german companies would like to pick up again it's an uneven balance

of trade last year iran exported only zero point four billion dollars worth of goods to germany almost all of it all while german firms delivered goods were three billion dollars a third of that was machinery photon meisner technologies is one of the german companies looking to iran it produces components for railway tracks and trains a delegation from tehran came to see what they had to offer. for the iran is a promising market for the railway industry it's similar to turkey and russia because in the near future it will need new infrastructure networks including railways when it's all going by spawn. that's why we're very focused on breaking into the uranium market. and. the nuclear treaty in two thousand and fifteen raised big hopes in german business one delegation after another went to tehran. in two thousand and sixteen the economics minister at the time cigar

gabriele traveled there with one hundred top executives and those ties have been paying off since sanctions were lifted german companies revenue in iran has climbed by forty five percent but trump's announcement could mean the end of this burgeoning relationship keeping many german companies out of a growing market. and i'm joined now by deed deputy chairman of the german iranian chamber of industry and commerce in tehran good to have you with us how would you describe the current mood among iranian companies. well it's a little too early. to see and to monitor the market the reaction because everybody is a little shocked in the sense that the. intensity of. of president trumps decisions is a little unexpected and everybody is now actually right now baiting to see what

happens in the next weeks if you talk when you talk about the intensity i mean donald trump also threatens to impose sanctions not only on iran but also on countries that support iran and that of course puts europe germany particularly in a difficult position do you think we will see german companies pulling out of iran . yes. this could happen because this is the so-called secondary sanctions that the u.s. government is posing imposing against. companies. also german companies. who do business with iran and who while eight against the us regulations and u.s. national regime but as i said. as the reaction of the u.s. of the e.u.

governments of the german government and the iranian government was yesterday after the speech of president trump. more constructive and both. ratified and stressed once again that they will try to keep the agrement without the usa alive we should wait to see what will what will be what will the negotiations be and what will they agree and what will they achieve thank you so much on your alley study did the chairman of the german irena chamber of industry commas in tehran. the other question of course is will or oil hit eighty ninety one hundred dollars it's been a while since they've read headlines like these but that could be said to change the oil price has been climbing steadily for months over the last year it's jumped over sixty percent a barrel of brant crude is currently selling for over seventy six dollars a four year high analysts say higher demand to lower production and to do political

instability are beyond the rice well u.s. president on strums saber rattling about iran is also contributing to the worries iran is the third largest opec producer and experts say that could send to the price of crude over the eighty dollars mark now earlier i spoke to claudia ken fed from the german institute for economic research and with iran standing to lose access to the global oil market i asked her who stands to profit well of course those countries who export oil especially saudi arabia for example or the other opec countries especially because i had to cut in the previous month the oil exploration because our press was to go and now if the prices rising obviously being calm from oil exports will increase and those countries do benefit and how high do you think the oil price will go. that's very difficult to say because it's also a space speculation let's say that way because we don't know now we have

a very high or a demand we have this geopolitical risk we still don't know what's ongoing in iran and the oil exploration there and here we see how high the fear is that the oil market will be under pressure in the future and this is why we see right now are climbing or prize and i think this will continue in the next month ok so let's let's just play it through let's say the all present goes above eighty or maybe even ninety dollars a barrel how would that impact the economy globally but also europe especially those countries who import oil of course affected negatively europe for example but also other industrial nations those countries who export benefit but those who import the do not benefit on the other hand we could also see that there might be some kind of increase of oil demand decline because here we have tendencies

to. put more investment into energy efficiency and energy saving and also for the energy transition that might have to give a boost claudia came for there else from the german institute for economic research thank you so much for this. vodafone says it's spending more than eighteen billion euros to buy large parts of u.s. based cable t.v. operator liberty close the british telecoms giant it will be buying liberty's cable and broadband internet operations in hungary and the czech republic and remain as well as its unity media subsidiary in germany the two already have a joint venture in the netherlands vodafone once known or was once known for its aggressive expansion into new countries but the liberty deal suggests it's sticking to its current strategy of deepening operations in existing markets it's likely to face strong scrutiny from regulators block chain investors are freer and

blocked change technology could offer quick solutions especially in the energy sector. darkness on the streets of puerto rico island white blackouts are still part of everyday life even seven months after hurricane maria thousands of puerto rican slike want to go on a still lacking in basic things like a briefing for their heads back never the result is a rushlight their water their wardrobe when the house or their under water but at the same time the island presents a completely different picture investors from the block chain sect coming to puerto rico with capital and visions for the future german entrepreneur florian reich has seized block chain as an opportunity for the island to repair itself the public database that blocks chain is made of can help to connect the consumer and supplier of a transaction directly. train technology can help to rebuild the infrastructure in countries like puerto rico you can for example regulate the

power supply in a more efficient way to prevent power outages will come almost. in some when the young entrepreneur meets up with c.e.o.'s who have chosen puerto rico as their ideal location for innovation there's incredible tax incentives that allow you to have low cost operations and some of the incentives to apply in many ways to block change. the government of puerto rico office tax incentives to attract companies and investors to the island last month the department of economic development and commerce announced plans to form an advisory council that will support block same businesses many puerto rican since i'm one still unsure about the idea of their island becoming a paradise for crypto investors. daily we deploy our food people and where you deal with the bio ball or food people what they want to do it seems like they want to change everything and kind of take over. the part that kind of freaks me out

a little bit the investors don't seem to care too much about their critics all they see is potential. puerto rico is a blank slate and we can utilize block chain for government for community many different ways in puerto rico could be a unique place in the world by utilizing watching first in the meantime one leg or arm is preparing for the next power outage he's never even heard of the word block chain hopefully one day the two worlds will be able to converge on the islands they share. that's a business update. keeping the company to a. review and.

the to a we've. we've. never was the super trooper bands and i thank you so much. and they split up and fans hope for a reunion for over three decades now and know that recording a couple of new songs but never really the out. to our to our. global.

difference in doesn't. mean something a little tweak strongly. coming to the media. going to be. much less liberal media far. plates made from my. t.w. program guide. the whole. dot com highlights. a blessing. and a curse. the force of nature and inescapable sink. monsoon. the tropical jungle first chief. there's the song of the song come to. the source of life. cause of this destruction.

monsoon starting may twenty third d. double. welcome to your a max we've got plenty of music few today is what's coming up. have a talk act pop legends album prepare for a computer generated come back to. class x. lisbon gears up to host your a visit.