saudi arabia is set to walk a tightrope prices in vienna as opec ministers gather for a summit in the austrian capital riyadh will have to work out how to cut production and keep the u.s. president on side also coming up welcome to shenzhen the city in china where big brother is watching you thanks to weak data protection or unfettered artificial intelligence and trouble in uganda the army is called in to protect chinese businesses who say they're being targeted by local criminals. this is your business update on having a home free in berlin glad you could join me ministers from opec member nations are gathering in vienna or ahead of a key meeting on the oil cartel on thursday most produces a that they agree on the need for a cut in oil production without explaining how they'll turn that desire into a reality then there's the question of saudi arabia taking to twitter donald trump

urged saudi arabia to refrain from output cuts in order to keep gasoline prices low for u.s. consumers saudi policy makers may be reluctant to go against him off to the murder of shakti it unleashed a fuse a lot of criticism from american lawmakers leaving the president as one of prince mohammed's few remaining allies in washington that might throw drivers but countries relying on oil exports to finance their economies toppy about current price levels for the last three months has been heading steadily downhill for the start of a job or a barrel of north sea brant crude stood at a respectable eighty six dollars by the end of november it was struggling at fifty seven dollars though it stabilized for now at sixty that's causing oil producers a lot of financial problems so much so that the organization of petroleum exporting countries has put production cuts high on the agenda of its latest vienna meeting.

what you need to feel if you. want to see where you. should be tied to. that is you see. economics one zero one output and supply falls prices rise. the u.s. is by far the world's largest oil producer at fourteen percent of output russia is the second largest candidate is way behind all three are not opec members uniting fifteen countries opec is responsible for forty two percent of global oil production giving it the main sway over pricing the organization is most important single member is saudi arabia which alone comes thirteen percent of the world's crude supply but not everybody is happy about the idea of falling supply and rising prices least of all us president donald trump he appealed to opec on twitter not to cut output at the same time though nano tech member russia said it's ready to

implement output cuts as has opec heavyweights saudi arabia the talk in vienna is of a one percent production cut. germany's likely to lose more than one hundred thousand jobs as the car industry shifts to electric mobility that is the sobering him petion of a massive study looking at how the adoption of electric cars could affect germany's job market the last positions would likely range from factory jobs to highly paid design engineering business sions but the experts from the institute for employment research say that the german car industry could avoid the losses if it redoubles its that's to embrace electric mobility. the how poor it has joined forces with hyperloop transportation technologies to companies aim to develop and build the futuristic transportation technology not for people but. for germany's largest cargo hop sends and receives over eight million containers a year most of which reach the port by truck the hyperloop plans offer

a network of low pressure chips that allow the containers to travel at high speed without clogging up streets leading to higher efficiency and a smaller carbon footprint the joint venture calls the installation of a test tube and development of a standardized carrier. when it comes to the use of artificial intelligence or a.i. china is surging ahead investment in the sector growing from one hundred seventy million dollars to hit over one point three billion dollars within the next two years now it promises to make the country easier to run safer help doctors and patients and control traffic an entire city administrations some see it as big brother with a credit system penalizing over awarding citizens based on their behavior sometimes it's pretty tricky to draw a line between the benefits all the threats of artificially intelligent systems. the in for vision start up in beijing as at the forefront of

a medical revolution its employees use artificial intelligence algorithms to help doctors identify illnesses like lung cancer more accurately and faster. after studying in the u.s. in for visions founder chen kwan made a point of returning to china. i think the lack of good doctors is actually more severe in china i can see there are so many patients in china and we have like you know a larger and larger demand for medical services beyond medicine china is investing massively an artificial intelligence a district in a high tech metropolis and then has become the first to install a so-called brain it's huge monitor portrays data collected from local authority sensors and all public closed circuit cameras the administration hopes ai will help it analyze the flood of data to make the city safer and run more efficiently parliament well done woman totally the brain helps us to see what's happening in every corner of our district it helps us to judge situations quickly and to react

to them is to make people's lives and work more pleasant. at the touch of a screen the monitors display information about all the district's buildings such as how many people live there and how accessible they are intelligent cameras sound the alarm in the event of any emergency. of course there's only a very thin line between running a smart city and wielding totalitarian control two hundred million cameras are said to be monitoring china's citizens with more being mounted every day and they're becoming increasingly smart one companies video shows what's already a reality the smart cameras keep tabs on vehicles numberplates models and colors while tracking them through the city and compiling movement profiles citizens can be checked against data banks within seconds suspects identified behind windshields traffic offenses like not wearing seat belts or using a phone whilst driving are increasingly penalized swiftly and automatically via

text message to mobile phone medical companies also profit from a deluge of health related data from gigantic hospitals something which companies in many other countries can only dream of chen says in for vision takes data protection seriously but the rules in china are more relaxed. i think there's actually an advantage for any i develop and to have easy access to anonymize data i think that will be a very quick or factor in the future development of. china aims to be the world leader in artificial intelligence by twenty thirty and many analysts think that's a likely outcome as well how. to uganda now where tensions have been growing between slowly gand and traders and chinese businesses they're operating in the country now the growing competition has stoked local resentment including protests in recent years and now ugandan soldiers have been deployed to security guards at chinese businesses in the wake of a spate of robberies. chinese whore to being

has lived in uganda for fifteen years. been since he got his government has assured himself for his business all this time not only he acts and i must i wouldn't promise and. in uganda when you met the factory and the good of your kind of people i know a lot of your kind of people can look at a job i'm not disarming your hair pretty you can develop saw in french you don't worry. by the factory the safety. but not all the chinese nationals in uganda i like being. the police say that cases of fixed at chinese owned businesses of lately increased. this has forced uganda's president yoweri museveni to order for military intervention there have been some threats by criminals on on on just as this is an acceptable under

steps being taken to assure that. order investors be local or international are protected. our chinese friends have raised concerns and. we've responded to them. with seventy says the chinese of created many jobs for ugandans and he cannot risk frustrating them. i'm going to have to tell you know. if you need to be moved. to move. for uganda rwanda do for them. over fifty thousand chinese live in uganda many are engaged in construction mostly funded by the government others are in trade and manufacturing but have often

clashed with low chords especially in running small scale businesses. the military deployment is primarily to crack down on robotics but might as we'll see if the chinese against locals. facebook has lost its place at the top of a list of the best companies to work for the social media giant fell down to place seven on an annual ranking of jobs website last or the rankings based on several factors including work life balance management pay report comes as facebook continues to face criticism for the way it handles uses stater and deals with the spread of info misinformation rather other tech companies including google have also fallen down the list since last since this year. that's it europe today with the latest from the world all business i'm going on frame but end thanks for joining me and remember this was plenty more on our

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