media has tonight this. the u.s. says no more exceptions to its oil export sanctions on iran so will it really go after major importers like india and china and what could today's announcement and iran's reaction mean for the global oil trade. and what's the proper work life balance ali baba's jack ma says chinese employees should spend more time working but the country's rising middle class isn't so sure we'll take you inside the debate. i'm stephen birds in berlin thanks for joining us the white house has announced the end of waivers for countries to import iranian oil us had reimpose sanctions against iran last year threatening to punish any country that buys oil from tehran but it granted waivers to the eight primary buyers of iranian

oil allowing them limited purchases for six months there are fears that removing the waivers now would reduce oil supply to a market that is already tightening but u.s. officials say any shortfall can be picked up by other countries including the u.s. itself and its gulf allies. the trumpet ministration has issued a blunt warning to nations buying oil from iran after may second there will be no exceptions to sanctions norway various nations that continue to buy uranium oil will be made to suffer more here we're going to zero going to zero across the board we will continue and for sanctions and monitor compliance any nation or entity interacting with iran should use its diligence and err on the side of caution the risks are simply not going to be worth the benefits. pump a.o. said the u.s. had granted enough time for the affected countries to wean themselves off of rainy

and oil and find alternative suppliers before washington reimpose sanctions against around last year to run produced around two point three million barrels of oil per day that surround five percent of global i pushed until now washington had granted some importing nations waivers on the oil sanctions china and india are the biggest buyers of rainy and crude recently they've stepped up their purchases along with south korea basically increase on the other hand if managed to cut their demand turkey had been fighting until the last moment for sanctions waiver extension. pumping oil went on to say that there would be no grace period for those economies to comply despite sanctions iran's oil exports are said to have increased around twelve percent by the end of march but it's hard to say how accurate that figure is iran's conceals the exact in mind by making good use of its armada of oil tankers

the second largest fleece in the world. now in response to the us decision iran has repeated its threat to close off the strait of hormuz such a move would send tremors through oil markets is why the narrow passage links the persian gulf to wider seaways it strategically important because it's the bottleneck through which major gulf producers like saudi arabia must ship their oil a third of the world's seaborne oil passes through the strait of hormuz making it the world's most important oil artery some eighteen million barrels of crude oil per day would stop flowing from the middle east were iran to actually close the strait that according to industry analysts. well let's talk more about the latest sanctions pressure coming out of washington d.c. i'm joined now by the helena humphrey in washington and our financial correspondent jose luis de haro in new york holding those let's start with you why is the trumpet ministries and choosing now to push even harder on these sanctions see

even this is gloves off from the trump administration it's been up in the n.t. against iran in recent weeks with the aim of bringing the country back to the negotiating table on the twenty fifteen nuclear deal and is prepared to choke the economy to do so remember that iran has fifty billion u.s. dollars every year from its oil certainly washington d.c. has been. acting a list of measures in recent weeks two years two weeks ago it names the arabian revolutionary guard part of the government as a terrorist organization and netanyahu the israeli prime minister also drawing closer in recent weeks of course israel and iran sworn enemies who essentially d.c. right now is trying to do anything they can to make tech wrongs life more difficult . so it was they were the political goal there what does this mean for the global oil supply. i know they're going to be as easy to maintain

as the trumpets ministration which is even if saudi arabia and the arab emirates increase their production along with the united states stephen first says saudi arabia has already said that it will wait and see what the outcome of not extending the waivers we'll have before acting on top of that all the opec members such as iraq have already expressed concern with say members should not to make a unilateral decisions to raise output meanwhile samik countries don't produce the kind of oil iran does and which many refiners need the most important sanctions on but as well an increase in tensions in libya pose a rising risk it will leave a very tight margin to maneuver any other shocked at will in danger global oil supply the hell of the u.s. sanctions of course carry major weight in a global economy that largely deals in dollars is the u.s. really ready to challenge major weights like india and china. right i

think that's a very good question i certainly think some of the nations reacted with some shock to them that this waiver would not simply take over and be extended and if you take a look at india for example or has friendly relations with the united states that said i think it's fair to say that delhi does not view iran as the regional threat for example that the trumpet ministration does if you're talking about china of course that's another kettle of fish the united states and china of course the current engaged in trade negotiations which could be complicated further by this move not to mention the fact that china has recently increased its use of iranian oil so we could expect expect some back channel discussion on this certainly hasn't outlined exactly how these sanctions would take shape and if you take a look at you know some other powers for example the european union it established a mechanism to allow businesses to circumvent sanctions with regards to doing business with iran so it just shows that you know powers will take

a stance on this who's they briefly what are the odds this could actually backfire on trump the best sickly with higher gas prices in the u.s. it could mean a big ways to win especially take into consideration that only on mondeo oil prices rose three percent heat into highest level so far this year the movies the specter did to push u.s. gaza prizes. ten cents a gallon in the lead up to the summer driving season here in the u.s. as you know gas prices are a reported in the u.s. to helena humphrey in washington and those who say louisa harlow in new york thank you both for joining us. on some tech news samsung is postponing the launch of its much hyped two thousand dollar folding phone that after reports of breakage is some early reviewers even called the galaxy fold unusable just forty eight hours after receiving the device a south korean firm said an inspection suggested the breakages could still from

impact on quote exposed areas of the hinge and quote the delay is a setback for samsung as a battle stiff competition from rivals like while way and apple a new release date is due to be announced in the coming weeks. what's the proper work life balance opinions in europe are certain to be different from those in say the u.s. and of course many around the world don't even have the luxury of thinking about a balance much less debating what they work to survive now the boss of online retailer ali baba chinese tycoon jack ma has served up the debate about work life balance in asia where the middle class continues to rise he wants workers to put in even more hours. but self-made billionaire jack ma is a star in china and young people hang on his every word so he caused quite a stir when he said he wants more people in china to work nine nine six nine am to nine pm six days a week he says to build a powerful and prosperous nation workers need to put the hours in. the fortune of

forty billion dollars jack ma is a local hero and seen as a visionary he advises the government on policy young entrepreneurs idolize them so when he wrote online this month that working in one nine six kegel was a huge blessing on longer working hours were needed to be a proud citizen it struck a chord in a country that prides itself on being hard working debates began in factories and office blocks. or in talent has a different value of work comes down to the individual's choice for young people after many years they may think they have a precious work opportunity but they may also regret they had sold themselves cheaply. that. others believe that efficiency not longer hours is the key to more competitiveness oh if you're patient over time is fine but if it becomes long term it may harm physical and psychological health and is acceptable to struggle for your career once in a while but don't make it a norm. and there are fears that too much labor is god for your health.

working nine nine six every day to make sure over time longer than twenty or thirty it's definitely harmful for your body. because of that. not everyone is convinced. jack miles nine nine six call the chinese economy matures people want to balance that allows for more life and less work. now whether it's a device at home or one of the office they better be protected with a password and that better not be one of those from a new study of common passwords by the british national cybersecurity center the most used password of them all and therefore the weakest is yes one two three four five six more than twenty three million people think that secure enough or just don't care and the second you can already see right there second most common one two three four five six seven eight nine also pretty weak is qwerty looks safe maybe at first sight but it's simply the first six letters on the english keyboard also easy to break. names that people can guess loved ones for example actually and

michael topped the list in britain followed by liverpool even better according to the experts something like this there's a good chance that no one will ever access your data maybe not even you. and that's our show. thanks as always for watching.

us the. around six hundred years ago. in the midst of the revolution in fact. that

people became aware of their abilities and strengths. there was an outpouring of self-confidence. before. the bench . orchestra to a. w. . this is news africa coming up in the next fifteen minutes a standoff incident tensions are escalating as protesters in khartoum fall to stay on the streets until saddam gets a civilian government this as talks with the military collapsed. and made in africa by africans the creative entrepreneur as you say is you're starting to hear more

effect on the global fashion stage he'll be joining me in studio. and one years since cape town faced this racial running out of water officials say this.