skepticism is rife in iran after us president donald trump author of talks public figure it spying it hard to believe after he tore off the nuclear deal the economy needs are pretty if the country suffering from a currency crisis but sanctions are on their way. also coming up what is your summation of digitized zation plus the rise of robots mean for the labor market could we soon see close to what's on factory floors or window to mention their brave new world workers. this is your business update on her new home free. thanks her company iran's currency the ryal was trading at a fresh record low of one hundred nineteen thousand to the dollar on choose day that's

a loss of nearly two thirds of its value since the start of the year many blame the imminent reimposition of u.s. sanctions on the sixth of august after donald trump's decision to pull out of the nuclear court chad tektronix blames what he calls enemy conspiracies for the area decline and it's been barely more welcoming to trump's offer to talk without preconditions. the iranians are skeptical about washington's intentions iranian government adviser permit able to layby make tehran's position clear on twitter he said for talks the u.s. must first respect the iranian nation's rights lift sanctions and rejoin the nuclear deal the iranians are sanguine about the sanctions they've had years of tough experience with them and survived intact tearooms leadership is counting on them actually drawing government and people closer together. but there is one problem that could prevent that happening iran's currency the realist. trading at

historic lows and prices are spiraling upwards. a lot of people can't even afford basic staples things like butter cheese eggs beans and lentils but i can see things improving nothing's ever become cheaper in this country. has plunged even further ahead of the reinstatement of u.s. sanctions it's now lost two thirds of its value this year. randolph's integrand he's a correspondent for the french news agency a.f.p. and he joins us now eric how big is the bite from this fool in the reality what will the consequences be well so far we haven't seen the worst effects of rio continues to deteriorate imports are going to cost more and that's going to start to really stink at the normal population but what it does reflect is that people have lost faith in the government to deal with the economic problems in the country they're rushing to the dollar to try and find somewhere where they can keep their

money safe we've also seen gold prices shooting through the roof and it's a sign of that lack of trust in the government to keep things light especially as u.s. pressure continues to mount and sanctions are just around the corner again next week and is the arabian government doing anything about the situation that we know of. yeah it's been quite interesting while the economic policies are still rather vague and they haven't been anything too convincing to get around that we are seeing them start to crack down a bit on corruption there were sixty arrests over the weekend of people who were described as having government links for profiteering over their currency problems and using their links to it to the government to illegally importance and so on we've seen some moves towards. a long time and it's interesting that this crisis may actually move the economy in a more positive direction on on those issues of course eric on the sixth of august

they sanctions will be put into place once again what impact can we expect them to have on what well already is a faltering economy you know the economy has many problems as a lot of high jobless rate many people are underemployed. prices are rising inflation is high the banks are a mess important to remember that the sanctions never really fully went away the u.s. despite signing up to the new could do kept many of its sanctions in place and not stopped a lot of money coming into the into iran because the international banks are simply terrified of u.s. penalties and never really opened up the iraq iranian economy in the way that iran had hoped so although these sanctions will have a significant impact it's important to remember that iran was never really brought back and that community of nations in the way that it promised that the time of the nuclear do eric randolph putting it into spec to forest correspondent at the french

news agency a.f.p. reporting from tech ron thank you. when americans feel good about the current state of their economy the index of u.s. consumer confidence apprising the rose in july despite analysts expecting a decline the positive trend is partly due to very fast job gains and rising after tax incomes which lifted consumer spending in recent months but the optimism only reflects americans view on the shore some economic outlook consumers remaining concerned about the long term development and do not foresee growth accelerate. and i asked a wall street correspondent younes quarter if u.s. consumers a right to be confident in their economy well it looks pretty good to them specially when you look at the job market and even if their wages are not really increasing that much at this point but there was also

a survey yalit where people got how confident they are to find a new job and this survey actually hit the highest level in about seventeen years and then also consumer confidence is close to an eighteen year highs especially the labor market doesn't look quite promising and then on top of it we also had the tax cuts that is also a fueling the economy for not our young scooted that in new york now some say automation and digitization present a horris the nari or the factories that feature could wipe out millions of jobs others say all sorts of new positions will pop up but try telling someone who's been working for the same a firm for decades. here at german electronics giant bosch workers are still operating the machines but those machines are capable of doing many tasks on their own how will that be in the future technology is developing at a rapid pace and that has

a direct effect on the working world more and more jobs can be performed by robots especially in traditional manufacturing industries companies invest in robots because they save money money they can invest in other areas older employees between fifty and retirement age often get left by the wayside a study by consulting firm mercer says that's a worldwide phenomenon. especially in china where workers fifty years and older have a seventy nine percent chance of being replaced by automation technology in robot friendly japan the risk is actually lower and fifty nine percent right here in germany fifty seven percent of older employees are in danger of losing their jobs and fifty two percent of american workers over fifty are at risk employees without special skills could be in trouble if millions in asia become unemployed the economic and social consequences will be grave. now as we all know online shopping

has been booming for yes but have you ever heard of trading for sales assistants on how best to do business and if the walls one job and retailer is trying to set them up as best it can customers here are trying out a prototype virtual reality shopping assistant. most transactions still involve exchanging hard cold cash for goods the primary method for food shoppers. but that's slowly changing. in retail one of eight euros is now spent online and the trend is increasing alongside technological advances. that means businesses need to adapt specifically they need to rethink how they train their staff. that to me of course we urgently need experts to deal with these changes we traditionally hire college grads are people making career changes. but that won't be enough going forward it will be critical to train up

a new generation of apprentices. these intrepid youngsters are part of media marks new training efforts and i like working on computers of course a broad based education is needed but i think the main thing is having good computer skills is if you met and were involved in digitalization we can build things online shopping is constantly developing everyone shops online i hardly anyone goes to stores anymore that's why i'm doing this. the two are training to build and maintain online shops selling things online brings a new set of challenges discounting is a major subject along with data analysis it can pinpoint which sales pitches motivate which audiences. busy in all the bones of the site we can see who's clicking on our pages their age ranges and gender this makes it easier to tailor it for their needs i'm the services keep the easier the customer experience the better . so where does this leave maybe

a marx brick and mortar stores they'll likely continue in combination with online shopping and where do our apprentices shop. for and so on have to i'd say it's fifty fifty i mean a bit more online but i still go into stores. maybe mark says it will still need well trained staff in their stores as it pursues its two pronged strategy shopping in person and online and at the test phase as a success shoppers may have a new employee to interact with as well now he will have virtual sales assistant big them. the ongoing heat wave to schools few in northern europeans to book last minute holidays to the continent southern beaches that's bad news for british travel company thomas cook is posted lower than expected and the whole process runs both a tour appraising business and an airline it's reportedly considering splitting off as add on and selling a stake to an investor and an attempt to reduce debt. you're

up to date with the latest from the wall to business from will find us on facebook follow us on twitter d w on to school business on there as well at hand in the c humphrey is my handle and i'll be back tomorrow same time same place.

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