one day off to washington looks out on the iran nuclear deal the question now what does this mean for european business interests in iran will they be deterred all stand firm also coming out of the plunge of the argentine peso sees president machree call only i.m.f. to lend a hand and help shore up the currency. and it's an unlikely combination block chain investors flock to hurricane stricken puerto rico for tax reasons and they claim to help out. they seize your business update on how to humphrey in berlin glad you could join me now concerns for the future of european companies if they keep on doing business with iran this off the us president donald trump announced in one fell swoop that not only was he pulling the u.s. out of the iran nuclear deal but that he also plans to reinstate sanctions against the country as well as those still party to the deal and working with iran so far germany france and the u.k.

say they will remain committed to the agreement to protect their business interests in the region. the u.s. u. turn affects large e.u. corporations in particular siemens for one book text revenues of one hundred thirty million euros last year that's the contract with iran's surge soon after sanctions had been lifted now siemens will only say that existing projects will be completed quote as far as legally possible. trumps decision is a direct hit on european plane maker airbus a contract for one hundred airliners for iran now hangs in the balance. german finance minister olaf scholtz promises to do everything possible to protect european commercial interests i'm struggling that we cannot predict at this point what we can do as the european union has come up like you know news sure you that we are in continuing talks and that i personally will have a couple of telephone conversations with the u.s. colleagues today in order to progress on that issue you will find it was. fox

wagner had also been banking on business with iran europe's largest carmaker began exporting cars there in twenty seventeen. and a lot of german engineering companies also resume business with the country as sanctions were lifted and the nuclear deal came into force. there were dreams. and the reality words definitely of you not according to this dreams so now we have to see a realistic approach doing business with iran we will continue doing business with iran we will stay with our treaties to the iranian companies and every company must decide on their own all they want to continue and how they will do it in twenty seventeen german exports to around rose sharply albeit from a low level they were sixteen percent up to three billion euros. but our financial correspondent yen quarter is at the new york stock exchange for us a day off from pulled out of the u.s.

out of the iran nuclear deal and there's been concerns aplenty but anyway this. well i mean theoretically we might see the energy of the oil industry profit to years ago when sanctions were loosened actually iran fired up their oil production by about one million barrels a day and some of this production is now in jeopardy and we did see oil prices again in sri percent here in the way in session we surpassed the seventy one dollar mark per barrel meaning the texas intermediate oil price that gets traded here and we saw accordingly that oil stocks actually were among the biggest winners here on wall street and what does that mean and then the u.s. economy. well it's not just that oil prices are rising above other commodity prices as well and that actually could eventually lead to more inflation

more inflation my to mean that the federal reserve has through increased interest rates even more and all of that has. worked out a lot for the u.s. economy if we think about high commodity prices that is a problem for u.s. businesses for industrial companies for airlines who have to pay more for their few rises on the rise and then also what we did see is the possibility of higher interest rates was a drag on all the real estate companies here in the u.s. and in other news yes you've got well disney putting out some fairy tale numbers a fairy tale reaction on the markets. well not quite but that's probably because a deal in build multibillion dollar deal that walt disney was banking on buying fox entertainment is in jeopardy because there was also another company comcast trying to buy fox but overall the numbers were much better than x. expected and mostly because of the movie business while disney made true great

moves in the past when they bought the rights for all the superheroes from marvel in two thousand and nine for just four billion dollars and then three years later in two thousand and twelve they bought a look at this film to get the rights for the star wars franchise and those really turned out to be big money makers and deposit water black panther for example that will be brought in more than one billion dollars so the numbers were good but because there's one dealers in jeopardy the stock of disney lost about two percent . on wall street for us thank you very much. they aren't time peso continues its full sparking phase of a new wing economic crisis president korea has also the international monetary fund to help to prevent a further drop and he's looking to dodge a serious crisis remembering two thousand and one when the country defaulted on its debt. the argentine peso has been in freefall it has lost eight percent

against the u.s. dollar since last week and seventeen percent since the start of the year president machree announced plans to put the brakes on. the i decided to enter discussions with the international monetary fund to secure a credit line. i said just minutes ago i spoke with the director and she confirmed we can start negotiating an agreement that in order. to try and curb the rapid inflation argentina central bank boosted key interest rates to forty percent but investors have been pulling out and diverting the money to the u.s. . the interest rates in the united states have gone up significantly and currencies a d. valuing against the u.s. dollar. the dollar is putting immense pressure on other currencies including argentina's from about. the government hopes the emergency credit will stop the

crisis from worsening president mccree has been grappling with the country's high fiscal deficit since he took office in twenty fifteen he made just it cuts to social benefits and since then putty in the country has soared. in off the hurricane memory of passive the island over seven months ago and tens of thousands of people are still without power but despite that cryptic comment the investors are coming to the island i tax incentives and the block chain technology they use could be put to good use in rebuilding puerto rico. 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 won the crown still lacking in basic things like a brief a for their heads back never there is a rush of light and their water through their wardrobe when the height of the underwater 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 the transaction directly. into. the block chain 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 blocking. the government of puerto rico offers 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 some one still unsure about the idea of their island becoming a paradise for crypto investors. billy 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 when the crime is preparing for the next power outage he's never even heard of the word blocked hopefully one day the two worlds will be able to converge on the islands

they share. now british theme park company merlin entertainment has just opened a new attraction at its lego land resort in windsor in england and the windsor lego land is the largest in the global franchise and now features a lego sized interpretation of this month's royal wedding of britain's prince harry and meghan markle at the real windsor castle which is only a few kilometers away the miniature wedding is made up of away sixty thousand lego bricks and is now a permanent display at the sprawling theme park. that's a day with the latest from the world all business for more find us on facebook follow us on twitter on this whole business on that. is my handle thanks for your company and here's a look at the global markets. trying

to. touch. earth's. odd home of species. a home worth saving oh and those are big changes and most start with small steps

global ideas tell stories of creative people and innovative projects around the world. that would like to use the protect the climate boost green energy solutions and resources should we want results of people you can help with their kapoor's create interactive content teaching the next generation about environmental touch him of using all channels available to inspire people to take action and we're determined to. build something here for the next generation global ideas fim bayamon series of global three thousand on t.w. and on line hijacking the news. where i go from the news being hijacked paternalism itself has become a script is a reality show it's not just good first as evil as for she's black and

white. in countries like russia china churchy people are told it's that simple and if you're a journalist there and you try to get beyond that you are facing scare tactics intimidation and i wonder is that where we're headed as well. my responsibility as a journalist is to get beyond the smoke and mirrors it's not just about the balance or being neutral it's about being truthful. when he was born golf and i were you know.