in kenya stoddart refugee camp. his life story we have grown to. twenty seven years ago but there's no holding back his dreams. thank you for getting him adopted a sort of a twenty seventh on the w. . t.v. . u.s. waivers on iran sanctions have expired putting some of the countries affected most notably turkey in a tight spot as they have to find alternative suppliers. also coming up five german companies pledging millions to the yes russian holocaust memorial in jerusalem on holocaust remembrance day. l.o.l. come to do business i want to get jones and balance thanks for joining us the u.s. has been tightening its restrictions on iran it will now sanction every country

buying a rainy and oil a six months u.s. waiver on iran sanctions which allowed eight countries to continue importing oil from iran has expired and that means those countries will have to find other suppliers among them turkey which has expressed a desire to continue large purchases of the raging crude amid a lack of alternatives. for turkey the end of the u.s. waiver couldn't come at a worse time. the country is in a recession. the turkish lira has plunged eleven percent against the dollar and oil prices are rising. it's not off the ball for us to diversify the source of the oil we import in a short time the technology used in our refineries isn't compatible with crude oil exported from many countries.

turkey is among the eight countries affected by the end of the u.s. waiver china the biggest buyer of a rainy and oil has also condemned washington's decision but its neighbor india says it's ready to comply with the new u.s. restriction. we are prepared to deal with the impact of the decision. that will be additional supplies from other. countries. be strong robust plan which has been drawn up by the ministry of petroleum and natural gas. while the reactions of the affected countries may differ the latest move shows just how determined the u.s. is to cripple be a rainy and economy. well meanwhile iran has threatened to retaliate u.s. sanctions by closing the strait of hormuz it links the persian gulf to the gulf of oman it is that region's only see passage to the opens ocean it's used to transport

oil from iran saudi arabia iraq and the united arab emirates hundreds of oil tankers travel the strait for the us europe and asia it accounts for a third some even speak of forty percent of global oil exports that shipped and that would be eighteen point five million barrels a day but blocking the passage will be difficult for iran as it extends for several kilometers along its coast line experts say a blockage is on the likely because it would also hurt iran it would be risking conflict with oil exporters and countries that buy oil from them well for more let's bring in. our he's the head of the persian service good to have you with us so what exactly can iran do to counter u.s. sanctions without hurting itself and without bringing the situation to a head. so not much really bit if you look at

before the sanctions iran was exporting about to a point five million dollars payday after imposing the sanctions by donald trump it reduced to one point one and based on optimistic estimates trend. in this case actually they can export something about five hundred barrels a day. and official says that zero exports which is u.s. aiming is an illusion and. has some rouhani and president says that iran has six various she said it's boy meets you as is not made of it by the really don't know how they are going to sell their oh it's van no country is going to buy there's water there or it's not going to be no country we know that turkey would like to and actually needs to continue importing oil from iran we know that china

isn't particularly keen on complying with our sanctions will other countries perhaps follow suit. after the imposing the sanctions three countries that. has that very precise taiwan and italy sub to import oil from iran the only country that increases during that time since nov eighteenth south korea but all countries apart from china and turkey as you mentioned in your report that they comply with the u.s. sanctions even if they continue to buy uranium oh good she said because if i think the question they've only really buy something before imposing that sanction expansion this favors actually. buying about seven hundred barrels per day which has been reduced to four hundred it's now so even if they do

that it's not going to help iran because you know the. financial lifeline for iran and in your current. budget is forty percent of the budget is based on well it's income so ok actually they are not going to help the country out right there's a guy out there from g.w. person service thank you so much for this. and here's a piece of business news you can sink your teeth into investors have plenty of appetite when it came to an i.p.o. for imitation meat producer the on to meet the begin by the top more than doubled its starting price at launch ending the day at close to sixty dollars a share giving it a market valuation of nearly three point four billion dollars that even though the company has wanted it may never achieve profitability beyond me it is backed by a number of celebrities including actor leonardo di caprio and microsoft founder

bill gates. and this just in coasting on the back of a strong performance from asia h.s.b.c. has reported profits topped thirty percent in the first quarter of the year the bank which is based in london but reports in dollars said pretax profits came in at six point two billion dollars which was higher than expectations the group also reported that it had significantly reduced operating costs in its drive to grow while keeping out today under tight control. well now it's time to catch up with our financial market correspondent hyundai in frankfurt i know you're a vegetarian just like me and you probably excited about beyond me of success here but ages b c's profit is also worth looking at investors i should think should be quite pleased about this. absolutely monica just the vegetarians lake you and i are

pleased about the prospect of four very good need to book i don't know if that sounds really correct of meat that is the deterrent but yes the the the investor certainly pleased about the results the shares are already trading up over three percent in hong kong and the shares are expected to. start on a high in london having said that though investors would be most please about the fact that the company has actually managed to cut costs and this has been a major challenge for h.s.b.c. over the past one year it has set itself an ambitious target of increasing its revenue at a greater pace than its cost and it struggle all last year and this time around it has successfully done so in this quarter so that's a major positive and the fact that it is b.c.s. said that it is going to keep its costs on the check because it does not know how uncertain the economy is going to be exactly it's described as risk to global economy so considered given this in mind it's going to keep the costs under ten and

that's definitely a positive for the investor right asher to sunday in frankfurt thank you so much. five high profile german organizations time low don't cheat on folks bank and the soccer club don't want to pledge five million euros to the yet russian world holocaust remembrance center in jerusalem the donation announced as part of holocaust remembrance day events in israel will be invested in the museum's growing archives. every year on holocaust remembrance day israel comes to a standstill for two minutes sirens wail in memory of the some six million jews killed by the nazis. the heads of german companies dimler. and do a bunk all of which were active during the nazi era have joined the commemorations in israel. together with soccer club brucia dortmund they are donating five million

euros to expand the yacht fish and holocaust memorial it is named. each of our companies bears some responsibility in one way or another and. we have discussed what we can do to strengthen this culture of remembrance. those who believe in an equal and to incent deficient doesn't bunk what often signal you the board of door to bonk wanted to send a signal with this donation and a signal against anti-semitism as a signal against racism as a signal against religious intolerance and social exclusion it's actually consume yacht to the sham has been documenting the holocaust and giving the victims a name since one thousand nine hundred fifty three visitors and researchers from all over the world learn about nazi atrocities here the new shoah heritage

collection center will be part of an expanded research institution with new archive technology and more research and exhibition space the entire complex will cost an estimated fifty million dollars the old archives are becoming too small and new items continue to arrive there are millions of documents photos testimonies artworks and personal items. the whole thing since. we're standing at a crossroads the generation of survivors is gradually disappearing and the possibilities of preserving evidence and memories are changing dramatically homage to. him we have to do everything to tell this story. the german companies believe it's very important to come to terms with the past including their role in slave labor and profiting during the nazi regime that's

also a reason to contribute to the memory of the shoah. or trip on a tradition in what's called torture of ice back then. we played a key role in organizing everything. because of this organise your to this day we are ashamed it's more you can talk that's why such joint projects like the one at yad vashem are so important construction of the new complex is set to begin at the end of the summer with the opening slated for twenty twenty one this is a business thanks for watching.

i'm. clearing to. everyone who loves books has to go insane. the literature list to my street. that seventy seven percent. are younger than sixty. that's me and me. and

you know what. the seventy seven percent. seventy seven percent this weekend on d w. x. welcome to news from the world of culture here's what's coming up in the next quarter of an hour. the violinist. is a musical maverick playing different styles in different parts of the world is joining me in the studio. and the german film awards will be handed out this week and we'll be looking at some of the main contenders.

this kind of a gyal was born and brought up here in berlin but his parents fail from indonesia and meanwhile he's a star that lives between the two cultures this mix is reflected in his playing and especially in his latest album mussy which is an eclectic blend of all sorts of music and sounds be talking to him in a minute but first let's hear his music. he's kind are we jaya is a musician who doesn't like to be pigeonholed musically or personally the berliner with indonesian roots is an exceptional violinist who finds inspiration outside the world of classical music eclectic charismatic driven for him the music is all that matters. and were ultimately we make music to touch people to move them and to reach a point where we ourselves are so touched on stage that we can move others it doesn't work any other way.