the u.s. says european companies are bowing to its pressure and leaving iran but folks slogging declines to confirm its pulling out of that market even after the us ambassador to germany says the carmaker would do so. also on the program a deal reached in july to avert a trade war means that most soybeans consumed in the e.u. now come from the u.s. . and the largest part of the migrants who arrived in europe three years ago still haven't found work but with job markets tight some employers say they might be able to help again. for business on the w m how yet again it's good to have you with us the u.s. ambassador to germany says chemical company. will shut down operations in iran he sees it as a result of the trump administration's combination of sanctions and threats against anyone doing business with their country while neither of the companies has confirmed this version other german giants have already left the iranian market the

e.u. is trying to encourage european businesses to bypass u.s. sanctions but it seems like some big players are not willing to take the risk. looks like a return to iran to do business last year after a seventeen year absence the german auto giant said it wanted to reestablish a presence in the country it's signed contracts to import several vehicle models to iran. other german companies like b a s f we're also investing in iran but could there be a u. turn the us ambassador to germany richard grenell said b.s.f. is now exercising the iranian marcus' he said that the car giant was complying with u.s. sanctions against the islamic republic. tweeted b a s f will comply with u.s. sanctions on iran. b.s.f. has not yet responded to the ambassador's tweet nor has the w.

at least not directly the car maker says it's complying with all laws and export regulations one is an e.u. law that says european companies don't have to comply with the u.s. sanctions on iran but more companies are choosing to play it safe they fear doing business in iran could hurt their access to the u.s. market that's why carmaker dimer rail operator deutsche bahn and communications company deutsche telekom have all ceased activities in iran. over now to our new york financial correspondent joining us from wall street good to see you now it looks like the e.u. companies are stuck between a rock and a hard place can the e.u. really rescue the iran nuclear deal over protecting companies here. well there's only so much the european union can do and that is mostly for two reasons first of all a company from europe has to think about twice if they want to do business with the

united states or with iran and to usually the business deals with america a much greater then with iran so that is number one and even if the european union is kind of offering a european companies to compensate them for loss of business in the u.s. that is hardly going to happen and that would mean in the end that european tech spares would have to come up with u.s. sanctions and then as a second mall then half of global currency reserves and also global trade is in dollars so that gives the u.s. another strong card and even european companies that do not do direct business with the united states could get hit hard if they do business with iran so in my opinion there's really not that much that is going to happen and there's not going to be that much the european union can do it to keep those fields from europe from european companies around going now yes looking at the markets despite iran despite

the china trade dispute the dow jones index is at another record high how does that work what's going on. yeah and who would have guessed earlier this week when the us president don't know for those new terrorists the chinese imports since then so on tuesday on wednesday and on thursday we saw triple digit gains there was the dow jones industrial average actually for the first time since the end of generally the dull jones achieved a new record high well maybe there is some hope that tensions could ease between the united states and china and then second overall the u.s. economy pretty strong we've got new indications you on thursday that in the second half of the year the u.s. will grow at least by three percent and it's probably those growth figures that keep the market going it's called from wall street thank you very much for the analysis. china is planning to slash the average tariff rates on imports from most

of its trading partners as early as october according to news agency bloomberg the move would come after china imposed higher duties on sixty billion dollars worth of u.s. products this week in reaction to washington's new tariffs on chinese goods it's not yet clear which countries at the reduced terrace would apply to next month analysts see china's reduction of import taxes as a sign that the country wants to reform and open up its market trade disputes notwithstanding. and could be in sight in this trade battle the european commission has announced that the majority of soybeans consumed in the e.u. are no from the united states brazil off the top spot the announcement comes after a deal in july with u.s. president trump to avert a trade war. soybeans small seeds of diplomacy at a time of global trade tensions when european commission president jean-claude

juncker headed to washington in july he pledged that europeans would buy more u.s. soil in an effort to dodge washington tariffs on a huge costs no surprise then that on thursday brussels was keen to prove it had stuck to its side of the balkan you might remember that in the joint statement the two sides agreed to increase trade in areas of areas and brothers notably so even as and the results published today show that the u.s. is now the main supplier of soy beans to the you with a share of fifty two percent of the market an impressive statistic but economists point out that in june china largely stopped buying u.s. soybeans in retaliation for trade measures trump targeted at beijing prompting european vamose to switch to buying cheap a u.s. soil not to mention that there's never been a u. tariffs on soybeans from the u.s. for now though enough appears to have been done to see both sides back at the

negotiating table because you remember well there was a meeting on the tenth of september between commissioner mom's room and the united states trade representative and they will meet again next week in new york on the twenty fifth of september to follow up on these discussions an additional meeting is already there if you please scheduled for november and also other contacts at different levels are taking place into tentative being the operative word talks then are expected to be tricky and a world away from the green fields of soybeans with washington calling for a more far reaching deal to cut the u.s. trade deficit. migration is on top of the agenda at the e.u. leaders summit in australia the russian syrian offensive in adlib could spur another wave of refugees that could further split societies in europe but some look at refugees as a welcome addition to the continent and to its economy some companies for employment now are seeking workers in particular for those shops locals don't want

to do. this hotel and southern amsterdam is new and trendy there are even fresh vegetables growing on the roof but despite the calm impression the hotel industry in general has a problem not enough people want to work there thousands of jobs need to be filled each year so for the first time amsterdam has organized a job fair for refugees today it's all about the perfect match. nina schmitz works with an organization that integrates refugees into the hotel industry and that integrates them into society. there to take and work helps people to learn the language quickly and provides an income but it also helps them to get to know a new country faster and integrate into the community. shows up for short interviews similar to speed dating rounds with hotel management. in

syria he worked for a medical company now he'd like to greet guests at the hotel reception desk but he's open for other suggestions i've got to start somewhere. but they always it's right if i'm going to start from a lower level i just try to make sure that there is a development chance the workers demanding both cleaning the guest rooms as well as in the kitchen employees often work in shifts and you don't get rich in the process all this makes hotel employment unattractive for many dutch people was he knows there are always jobs to be filled at the reception desk he works to convince the staff he's ready to take on the job in just a few minutes giving people information welcome then make them happy so you'd be informative. if they just like was seen the other refugees interview in english it's the language most commonly spoken in hotels across amsterdam also like what seem most of the refugees have little to no experience in the business that's why

did it need to belong the most important thing is not necessarily their education but rather their motivation we have hotel management schools that are well equipped to train people for the kitchen or reception of the sipsey. two and a half hours later the first job fair for refugees is complete and in his pocket was seen has the invitation for another more detailed interview. before we go a luxury british carmaker aston martin says it is seeking a valuation of five point seven billion euros when it goes public next month the company made famous by james bond spy films will become the only car maker on the london stock exchange aston martin says the i.p.o. will go ahead with or without bret's it and that it has stockpiled engines and components but restrictions on the free movement of goods could affect supply chains costs and we could. that's all for this edition of the double business thanks for watching and i'll see you next time take care and good bye.

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charles was one of the great heroes of the twentieth century. because gorbachev the last leader of the soviet union was an agent of change. quickly maestas downfall. i have decided to resign my duties as president of the soviet union. lost. but she won historical battle in this one as. he continues to fight for world peace with the reminder by the match we have to comprehend when faces taken our surface today there is a new arms race. the arrow of time gorbachev and the opportunity for peace wasted starts october third on t w.