this is business. forty years ago today radical islamic revolutionary succeeded in overthrowing the autocratic rulers shah of iran and with that they turned a market economy and body industrial state upside down a new leader khamenei wanted an islamic economy is moved to crush opposition and execute political opponents many of iran's best and brightest to flee the country the seizure of hostages at the u.s. embassy led to decades of u.s. sanctions fourteen years on the iranian economy is still finds itself isolated and once again by the u.s. government but the country remains as defiant as ever and is not without economic allies even reluctant ones to circumvent u.s. sanctions the e.u. has now installed an instrument for international payments that does not rely on the standard payment systems that will be subject to the sanctions and hopes are

high as our examples show from health care devices to orthopedic implants iran has a solid track record of producing medical technology allium ari ari yari started up his company nine years ago today who specialize screws in bone plates are sold in iran elsewhere in asia and africa and most of all in the european union's. business is booming despite reimposed u.s. sanctions against iran the main problem for the entrepreneur is the fact that iran has been disconnected from the us dominated payment system. this situation all of the problem is to transfer money and that we can war through to other cancers in bed medical equipment and medicine but about that transaction of the money we need to milk and to find the new rules to do business.

his company which started out in goal is done province in northern iran now employs more than one thousand people production is completely automated. while a computer controlled machines can carry out every possible step include action. we no longer need to have different workstations is always completely automated. the medical plates being milled out of titanium and stainless steel have international certifications and are approved for use in numerous countries. and because they're often cheaper than the international competition demand is high it is allium arreola yari arranges more than half its exports to the european union and international trade fairs like here and there's a door. he's hoping that the e.u.'s recent efforts to set up a legal cayman mechanism to bypass the u.s.

sanctions will keep him in business with western firms in this case we send our product to europa and we buy something for us from your open especially to provide something for the spare parts for all metal and everything that we want to manufacture. many european companies such as this manufacturer of neurological diagnostics devices in. tend to continue their business with iran with the support of the e.u. . after the philippine strongman rodrigo the tatar came into power in twenty sixteen many nervous investors pulled out of the country between drug wars and islamist insurgency as the situation has just become too unpredictable but now to test it wants to attract more foreign investment by presenting the philippines as a safe haven from the us china trade war that's why the government is investing some one hundred seventy billion dollars in infrastructure over the next three

years it's become a target as main priority both china and japan are investing in the project china also topped the list of foreign investors in the philippine last if it is last year with a little over nine hundred million u.s. dollars worth of investment up from just ten million a year ago beijing is looking to other countries as an export base that will not trip us tariffs japan is also stepping up its investments that well the advantages are obvious young work force that speaks fluent english and economic growth of six point seven percent the advantages in the disadvantages are in inflation rate that also tops six percent higher oil prices and political unrest that's have a little closer look at the situation there in the philippines with my colleague general do milan. the fresh investment numbers out today what do they say well it depends on which investment numbers it mean now according to the philippine board

of investments approved investments both foreign and local actually jumped a whopping ninety one percent in january year on year now that brings the philippine investment authorities to their goal of reaching one well one trillion puzzle marks about about fifty two billion dollars i talked about earlier so that's a marker that has yet to be passed so this is quite a big deal it's important to note how. that these are approved investments meaning companies are planning to invest this money it's not actually there yet but if you look at the central bank of the philippines figures now they've just released data saying about foreign direct investment is actually on a four month losing streak with the period of reporting ending in november so long story short if you're looking here for an investment redemption story where investors have got a new sort of paradigm now and investor confidence is returning to the country it's really too early to say whether that's happening or not. terry and sigur has a sporty human rights record but he's doing something as well it is well you know

that world of the world bank actually downgraded the forecast fairly recently from six point seven percent to six point four percent but ok you know even that is an amazing rate it still puts philippines as one of the top growing economies in asia and that was the growth that was achieved under debt and as you pointed out earlier the philippines itself has some very good cards we have more than one hundred million people the median age is twenty three a large concentration of english speakers not all of them like me leave but you know the problem is that this economic growth hasn't translated into the creation of jobs so this administration actually has the slowest rate of job creation compared to the compared his predecessors going back all the way to the mid eighty's so you may have all these state driven infrastructure projects fueling a sort of boom but the philippines also is not doing very well in terms of ease of doing business we have a judiciary and rule of law remains a problem so these are all going to be concerns that you just can't get around. is

the philippines destined or is it really a safe haven from the trade war between the u.s. and china and if so why well possibly you know there's all this talk of shifting the supply chain from china to the philippines using using the philippines as a manufacturing base or even the philippines stepping in you know as they take years that wouldn't exactly say there is a prague there is a product that china exports out the philippines say hey now it's an opportunity for us to explore it well first of all we have to be making it don't we and the main problem is that it's really hard to sell this as a winning proposition for the philippines because nobody knows what's going to happen with a trade war are we we have to ask ourselves are we in a better position than our neighbors to be able to take on this role of vietnam seems to be doing better than us in that respect and we've tied in the fate of our economy very closely to that of china a weekend the chinese economy this is our largest trading partner a big source of foreign direct investment

a big source of inbound tourism for us is it really going to be better for us if they do badly so this is how this is one of the things that we have to ask ourselves if we started down to find yourself as one of the key winners of this trade war about amanda thank you very much efforts to reduce all opioids prescriptions to tackle abuse in the united states have left poppy growers far afield struggling to make ends meet farmers and tasmania that's an island state of part of australia produces heart of the role substance used in legal painkillers worldwide and notice in the consequences of the us fight against opioid addiction. poppies as far as the eye can see here in cressy in northern tasmania farmers are harvesting their progeny. once upon a time these crops were in high demand knocks anymore. now instead

of buying the jays as croft i guess it's just another one of many to help with. just six years ago there are about thirty thousand hectares of poppy fields in tasmania now there are just and levon thousand hectors left. and devastating images like these are among the reasons why. every year tens of thousands of people die from an opioid relations drug overdose in the united states many of them developed addictions after being prescribed painkillers by their doctors. this has prompted the government to take action to reduce the number of prescriptions being handed out and those efforts have been having an effect in one thousand nine hundred two doctors in the us issued a total of one hundred twelve million opioid prescriptions two decades later the number peaked at two hundred eighty two million since then attempts to get the figures down have been successful in twenty seventeen there were one hundred ninety

one million prescriptions recorded. but one country solution to a serious problem has forced farmers in another part of the world to adjust to this new norm of the moment. the market is the market. tasmania produces half of the roll material used in pain killers worldwide but if demand continues to drop the country's poppy industry will be left with a headache for which there is no obvious relief. signed a production contract with french ship to ship build a naval group for a fleet of twelve new deal worth more than thirty five billion u.s. dollars there's after a two year wrangle over one of the world's most lucrative military contracts was ready and prime minister scott morrison and french defense secretary signed the deal australia has selected the french builder and twenty six team. from

japan and germany fund for delay the cost of logs and production delays twelve new submarines are at the center of the plan to found its military to protect strategic interests in the asia pacific region yes we like. your business for more you can always go top of course t w dot com slash business and follow us on facebook on twitter if you don't.

the food.

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place. to. play. this is the news live from berlin the islamic republic of iran turns forty thousands of people are marking the anniversary in the streets but many have little to celebrate for decades after the mullahs came to power we asked what impact u.s. sanctions are having also coming up fewer than a third of researchers and science related fields worldwide are female on the international day of women in science we asked our gender stereotypes still getting in the way. plus freedom for.