washington's new sanctions on iran come into force tuesday western investors get cold feet we talked to a business representative in tehran. al assad the american trade wars impacting africa we talked to the president of the african development bank. and the ukrainian government's failed and the corruption campaign even customs officials that she's in the system. and been fizzling let's do business iran is threatening to shut down the strait of homeless in response to u.s. sanctions a strategic waterway links the indian ocean with the gulf a crucial route for energy supplies of oil and liquefied natural gas around nineteen million barrels of petroleum products are transported every day from the arab gulf states to the rest of the world

a third of all oil traded at sea passes through the strait any disruption could trigger a major supply issues and unsettle markets i asked a wall street correspondent if a crisis is coming our way. well i would say that depends on how serious iran is on blocking the strait of hormuz they have threatened to close it and that's done that previously and the strait of hormuz as a crucial conduit for global energy supplies and the narrow passage in the persian gulf to send the ten the movement up some thirty to thirty five percent of the world maritimo all trade so now the conflict around iran has gained momentum after the reimpose sanctions so charmed by andrew on the vote are choosing a very strong and bold way year very strong gestures and that could definitely lead to an escalation and u.s. official said the u.s. assesses that the exercise in the strait as part of me being held in response to rising with story from the west so some do saying this is wrong targeting the

united states as an answer to these new imposed sanctions and terrorists as you said they've made the threat before it's a very strong going chip that they do have the what's the likelihood that they'll use it. well that it's hard to say from here and in the moment it's certainly the ball france and as you mentioned before they have only talked the talk so far it was more about psychology how it seemed so it is a familiar with framed tough retore is more than likely to be followed up by more in my retaliation attempt maybe such as a resident of beth in the strait of hormuz so while iran has made this threat before it had never followed through since actually shutting down the strait would be a drastic and demonstrating move for the country itself so in the end as always on gram pay the price and if investors believe this threat imposes

a real danger the oil price should be rising ok some good points there from so if you should man skeel most straight thank you. china says it's prepared for a long trade war with the united states it follows a series of tweets from u.s. president donald trump praising his trade tariffs beijing has published a new list of retaliatory tabs on u.s. products in response to washington's threats to impose some two hundred billion dollars in chinese imports chinese state media lashed out at trump and described his measures as extortion. business leaders have gathered in washington for the annual meeting of the agricultural applied economics association a packed agenda punitive tariffs treaties being trashed geopolitical crises global foreign direct investment fell sharply last year especially in africa where f.b.i. has dropped by twenty one percent i asked the president of the african development bank. how the globe's trade troubles are affecting africa. or first and

foremost when the two elephants are fighting basically the grass office from it if you look at the impact of the fights going on in terms of the global trade was you know of course if you look at china united states it means that for china for example if you john i want to be hit with all those high tariffs it will impact china in many ways it will impact china body in terms of his own revenue generation it will be impacted therefore in terms of off a shot development assistance that he can provide to developing countries in particular also africa it will also in fact in times of you know foreign direct investment into africa so you have those feedback loops that are very very important and of course you also have companies that are invest in chinese companies that are investing in africa that may be affected by rules of origin that has china in it so at the end of the day you find that it's a lose lose situation as far as i'm concerned but if you take

a look at what africa can do you know africa needs to look a lot more in wood to make sure that it can you know isolate itself from any of these negative impacts force and foremost is a landmark signature of the continent are free trade area in africa which will be the biggest free trade area in the world you know what three trillion u.s. dollars and so that will allow africa to increase his own into a regional trade which right now is actually quite low it's roughly about fourteen percent. increase that to roughly of all fifty four percent and that means that you're talking about you know roughly about thirty five billion u.s. dollars of increase trade every single year so the best way to. isolate not to isolate will review the immediate gave the impact of this in africa is for africa to do a lot more trading with itself back to relations with washington first of all is there anything that you can say to officials when you meet with them there in washington that will convince them otherwise to make trade freer for africa.

well i think you know that is quite a lot going on in terms of discussion with the u.s. government the you know. the. the say it's been extended to twenty twenty five said after a lot of opportunities for. african companies two countries to actually try to elope with the united states and i'm sure united states also posi in bilateral trade agreements we do number of african countries at the end of the day africa is ready for investment and i do hope that somehow we'll be able to find a trade relationship that is beneficial to all and suddenly africa is a very important continent for the united states and i look forward to how we can improve that relationship going forward and specially in terms of trade and especially in terms of investments as well. mention improving trade within africa would be a huge boost to the economy what about improving the situation for young people

jobs create more jobs to ensure that there's no brain drain to europe it is often the case that quite a lot of your young workers do end up on europe shows. yes that's true but i don't believe that if you have africa's youth actually allies in europe and i don't believe it lies also in the mediterranean sea that doesn't lie of the bottom i mean in the heat of the sahara desert it lives in an africa that is growing well able to create a lot of jobs for these young people unable to top into the you know huge amount of enter not entropy nori. passively but africa's you'd have and that's one of the things why the out reasons why the african development bank has launched a very bold program to address this particular issue is call the africa just for youth in africa program which we're going to be supporting african countries to create twenty five million jobs over the next ten years and that's going to be in different areas i would call show i.c.t. areas and small and medium sized enterprises look i i really believe also that

a huge opportunity is to be tapped in africa when it comes to digital technology and a lot of end up you know should be in this particular area and we are walking quite a lot in africa in trying to do this i want african young people to thrive under prosper in africa suddenly out and make the kind of very perilous trips that i see you sometimes that goes on into military not into europe i think a more vibrant africa that invests a lot of young people that's able to keep them profitably engaged on the continent is the way to go and that's what african development bank is doing president of the african development bank i can will be additional thank you very much for coming on appreciate it. you're welcome thank you corruption so ukrainians take to the streets over the government of the. old and four years ago free elections followed promises of a better life but a report by the german newspapers you don't read science on reveals how widespread

graft still leads corrupt customs officials cost the state billions of euros every year. report says the black sea port of a desert is a hub of corruption many of the containers customs declarations are falsified if it's become shoe laces because shoelaces only pay a fraction in customs tariffs the charges are laid bare in documents made available to german dailies it doj would cite on papers are routinely forged many people are involved freight companies customs officers police and even the intelligence service s b u that even though the port was supposed to become a flagship anti corruption project after the my down revolution twenty six year old civil rights activist. played a key role in the protest in the capital kiev afterwards she was put in charge of customs in odessa and was supposed to drain the harbor of corruption she sent the

customs officers to the u.s. for training the e.u. supplied modern scanners that were able to identify what goods are in the content owner as well as contraband none of it helped the scanners were vandalized. gave up her job frustrated in her resignation letter she said that the head of the kiev tax office as well as president petro poroshenko and prime minister volodymyr grossman had sabotaged their anticorruption drive so corruption still flourishes on the black sea visit to a newspaper report estimates the losses to the ukrainian treasury top four billion euros a year in tariffs alone that's twice as much as ukraine hopes to borrow this year from the world bank i.m.f. and e.u. combined. facebook has set its sights on a new set of data the wall street journal reports that the social network cost several large u.s. banks to shed detailed financial information about their cost let's go qwest is likely to be part of its efforts to go deep end user engagement and also new

services information requests that is supposed to have included transactions and account balances. lost in business with.

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