since critical fails. to germany wants to clear up its outer bands testing a new highway lane for electric hybrid trucks this. is his business. iran's withdrawal from its commitments in the twenty fifteen nuclear deal is putting the price of crude oil on the op would press shut while iran's allies try to keep the nuclear deal afloat tighter u.s. sanctions on iranian oil exports have many countries worried about supplies iran's major or customers like india and china are already saying we will ignore the sanctions. president hassan rouhani has responded to u.s. sanctions by threatening to resume its nuclear enrichment program if a new deal isn't reached there and also threaten to close the strait of hormuz a clear threat to global oil supplies twenty percent of the world's oil passes through the narrow channel the u.s. has deployed an aircraft carrier strike group to the middle east that's

a strong message tensions are rising and jangling nerves on the oil market normally fears about the global economy during the rab between the u.s. and china would signal weak demand and drag prices down but u.s. sanctions on iran are tightening oil supplies and in coming weeks this is expected to drive prices higher analysts see iran's threat to close off the hormuz straight as a knee jerk reaction and believe it's unlikely to happen but the tensions come a difficult time for the global economy and america's punitive measures are taking their toll on iran's economy the currency is at record lows inflation has quadrupled and investors are running scared other trade related pitfalls could also lie ahead china around because the world customer has threatened to ignore u.s. sanctions because terrine is a key ally in its belt and road infrastructure project. joined by helen my investment research analyst at the share center in london a welcome to the show china actually says iran is

a part of our belts road initiative we don't change anything india and turkey have made similar noises how effective are the u.s. sanctions if big asian economies ignore them completely well i think you know it's all well and good but china said that they will try and ignore these sanctions but what we have to look at is what actually happened with the iranian oil exports to china and since the beginning of last year exports have fallen so to a certain extent the chinese the the turkish the japanese all of those have reduced their rein in exports. it's obvious to seems as if the u.s. sanctions are are having an effect. but i think going forward you've got to really look at what the asian economies and along with russia what they can do in terms of maybe implementing a similar mechanism mechanism as london berlin and. paris have in regards to the

instep in texas. policy or operation their own your problem there is the irradiance are very frustrated that. although it's been set up it isn't actually running it's not operational you know frustrations with iran is mounting and you just wonder whether the chinese and the russians another asian countries can implement something similar from their side. just let me briefly interrupt you there. on a general level how important is iranian oil for asia. over very important as you mentioned in your report earlier iran you know trying to import a huge amount of oil from iran as does india as as does japan and with with the you know it's of a particular quality heavy crude which you know isn't really produced in many other countries around the world venezuela does produce heavy crude but we know the issues in venezuela where production is going down significantly. you know but

alleviating factors may come from a fact about us the russians do produce a lot of heavy crude and that could replace some of the rain in production but also you know it the view is that the u.s. and saudi arabia could easily pop up production and mitigate any lost all production that india china and the others may or may forego. from the share center in london thank you very much for joining us united states and china have been trying to negotiate a fresh trade deal for months spots from very different positions the american economy continues to defy expectations with strong employment and consumer demand in china economic signals can often be taken with a pinch of salt but fresh figures suggest exports have unexpectedly fallen. particularly hard hit to exports to the u.s.

in april these fell by fifteen point seven percent for months china and the u.s. have been slapping each other with tariffs so far talks have failed to resolve the conflict on twitter president donald trump expressed his frustration threatening to hike tariffs on two hundred billion dollars worth of chinese goods from ten percent to twenty five percent this friday beijing says it wants to continue negotiations in washington this week that should also be in washington's interest the u.s. exports to china have also fallen by more than thirty percent compared to the same month last year. let's bring in our financial correspondent in front of how have the markets been taking those new figures. well you heard of course the state of confirms how much of a dent the trade war between the americans and china already has made in chinese exports and economists here predict that if donald trump really proceeds with his

plan to increase those imports terrorist on chinese goods this would you know. cost another two to three percent of the chinese export growth so of course this has fueled the speculation and the nervousness here on the trading floors about what to expect from those trade negotiations which are planned to continue tomorrow and friday in washington adding to all this are reports that really the drafting of the dreaded agreement between the u.s. and china has faced obstacles recently the news agency reuters reports that last friday the chinese sent a diplomatic cable to washington where large parts of the concessions that the chinese had made before to the americans were missing or simply erased if this really is true it's really not an encouraging sign for what to expect from those negotiations and from the outcome there that's course going to come up front but

thank you. while overall exports in china may be lower china's government says it's private companies i exporting more goods than ever it says like these from chinese state television show an upbeat private sector statistics released by china's customs of ministration said private companies exports were up eleven percent year on year for the first four months of twenty nine t. it said this high growth rate means private companies were a major driver of the foreign country's foreign trade. and now to some of the other business stories making headlines around the world shares in a german engineering siemens have jumped after the group of audit study profits in the second quarter the results follow its announcement that it will spin off its power and gas units form a coal division the division has come on the recent pressure in recent years as many companies move to renewable energy like wind and solar. unit is the company's

least lucrative siemens plans to focus on digital industries and smart infrastructure as well as its health and mobility its. germany's geographical location smack bang in the middle of europe means that intra european commercial traffic is crisscrossing the country day and not so noisy diesel guzzling trucks tend to dominate the country's outer bonds and that numbers are increasing now germany has opened its first electric highway for hybrid trucks testing the technology on both sides of a five kilometer stretch south of france. for andreas pettersen electric trucks are nothing new he works for the swedish manufacturer scania which has been developing in building electric trucks for a number of years this new model gets its power from overhead contact lines using a pantograph. the silence this is the freds. when you turn off

the internal combustion engine and go electric. you still have a little noise from the tires of course but you have no white brazen and no sign sound from the days of that. there are five kilometers of overhead contact lines in each direction on this stretch of the out obama with tests on the way in northern and southern germany. this is standardized the highway they bought it is the same all over a the height is the same so this truck can also go in the swedish row and they can also go on the road saying. about it oh well connected to the overhead lines of trucks battery charges so it needs much less battery volume than a purely battery trip and each truck. the battery is physical size is from here to here and about sixty centimeters deep the rest of the box

is cooling and power electronics to keep the battery to nor warm depending on the weather outside in a few weeks five logistics companies will start delivering goods via the highway the overhead line will save companies time you have to move the end here i have the possibility to load the vehicle and during operation i can make my delivery my pickup truck back to the loading location and can load again at the same time basically if you do it right the battery is never empty and you never need to plug in the vehicles battery or refuel diesel between trips i need to show that's a huge advantage that michelin just pull into. does this mean for time electro trucks running off the overhead contract lines are quiet and environmentally friendly but they're only one element in finding alternatives to fossil fuel. foma employees of grounded ally and jet airways are calling for a state backed solution for the embattled company the indian budget twenty two

thousand workers were laid off in april after it said its debts west so it says if it could no longer pay its fuel bits that way is now owes more than a billion dollars stop on the state bank of india step in with a two hundred million dollars bridging loan to get the alan back up to the. right yes that's it from me and the business as a team here in berlin for all business news features you can always visit the dot com slash business and follow us on facebook. and now with a quick check on global markets stay with the. news is up next in the fortune.

the food playing.

megalomania or a cleverly planned offensive to a china is building a new silk road an end infrastructure project the likes of which the world has never seen the full and my offering loans the chinese hope to entice foreign governments to construct highways and rail lines but is china a partner or a rival made in germany team in its own w. b only order the disc history of the world is reworking noising itself and the media's role in this keep shifting colors the topic in focus at the global media forum twenty nineteen and poland the laboratory for such a gentle lady and shut who are we following whom do we trust to debate and shape

the future as the doors of ella global media forum twenty nine t. the place may for minds. come up. come to the new duramax new channel. good line of story. with exclusive insights. and a must see concerning parts culture to ensure a. place to be for curious minds to do it yourself networkers play. so for subscribers and don't miss out. her first day of school in the jungle. on first listen to the band doris crane the moment arrives. the joint direct attack on her journey back to freedom. in our interactive documentary. to

bring you tame returns home on t.w. dot com the tangs. plague. this video is coming to you live from above and you don't announce a special breed drawer from a landmark new. president hassan rouhani says there don will stop acting on some of its commitments under the deen and sets a timeline of sixty days for new terms to be agreed the move comes amid mounting tension with the united states also the program.