you're watching the w. news coming up next in business news donald trump has signed an executive order imposing new sanctions on iran following the downing of a u.s. drone last week we'll take a look at the effects of current thinking and so on the country's economy kris kobach will have that i'm sure he'd be happy if you stuck around to give him some comfort to see them. and i'm. it's been 15 years since the man. she was the 1st man to walk on the. hardware. as a small boy she dreamed of the stars. as a pilot she seemed anything no matter how dangerous. are going up.

as an astronaut she took part in the greatest adventure in history. neil armstrong was his destiny starts july 20th on t.w. . targeting the top of the u.s. announces fresh sanctions against iran's supreme leader and his office getting an economy that is already reeling also coming up right as germany's ot of also is want to talk future strategy with the chancellor industry heavyweight dialer says its profits are likely to take a hit and wrong smoked or deep fried how do you like your whale japan set to resume commercial whaling and is causing. and up. on because cobra welcome to

the program the white house is turning up the pressure on iran particularly on the country's supreme leader ayatollah khomeini u.s. president donald trump signed an executive order slapping new sanctions on iran on monday he said they would deny iran's supreme leader and his affiliates access to resources and the u.s. financial system the white house added that anybody conducting transactions with sanctioned individuals may be exposed to sanctions themselves ok. iranian officials brushed off washington's latest move saying it wouldn't hurt at all but by the looks of it the u.s. is strategy of strangling iran's economy by piling up sanction after sanction has had an impact. iran is feeling the pinch the reintroduction of u.s. sanctions has had a crippling effect on the economy the value of the reale has plummeted pushing

inflation to over 30 percent and us president donald trump's attempt to destroy the country's oil industry is having an effect to the influential middle classes are among those hard hit. dying in the economic war is a reality and people are under extreme pressure they keep on telling us to be strong but we can already hear the sound of our bones breaking under this pressure . some iranians are being pushed below the poverty line. as far as i can see people's purchasing power has been more than halved anyone earning between $1000500.00 to $2000002.00 mans a month between $36.48 u.s. dollars who also need to pay rent won't even be able to afford to buy bread and potatoes it's unimaginable. to. the lifting of sanctions in 2016 spurred rapid growth of more than 12 percent but their reimposition last year

dealt a massive blow the international monetary fund is forecasting the iranian economy will shrink by 6 percent this year. the withdrawal of foreign companies has also driven up and employment european firms that have left include car makers most eighty's and persia oh but smaller firms are also becoming increasingly wary of doing business in iran. should iran follow through on its threat to enrich uranium beyond permitted levels the nuclear deal could collapse entirely in that case u.n. sanctions would also be reimposed a move that could bring iran's economy to its knees. well for more on the story. correspondent yes scored against tensions between the u.s. and iran are on the rise what our markets making of it. well the biggest impact that we're seeing right now is the price of oil since the u.s. drone was shut down last week to say the price of oil has increased by more than 10

percent other than that especially if you look at the dealings between iran and the united states well sanctions are in place for quite some time at tehran and iran is pretty much shut off from the global financial markets there is a ban on oil exports from iran in fairies and actually u.s. entities are not allowed to do any business dealings with iran for quite some time so in that regard or in that respect the biggest impact so far is on the global oil markets by the way we just heard from iran that they're saying they're capable of shooting down even more u.s. drone them so that does not really sounds like tensions will vanish anytime soon so we have these geopolitical issues on the one side on the other side u.s. markets continue to be on track for a very good month what's driving this trend. well

basically the hold that the federal reserve will cause interest rates by the end of next month then there's also hope that there might be progress in the trade talks between the united states and china by when they come together g. 20 meeting and of this weekend if you look at the markets overall even if it was a slow start to the new week the s. and p. $500.00 so far this year is up by about 18 percent for the best 1st half on wall street since 1997 and for the month of june blue chips are actually on its way for the best june. 1938 saw in more than 80 years so overall wall street is moot at this point all right dense court in new york thank you. and now to some of the other business

stories making the news the u.s. federal reserve is closing dodge a bank on its reported plans to create a so-called bad bank and to shrink or even close large parts of its investment banking outside europe the fed want to know what the implications are for its business in the united states bitcoin has surged past $11000.00 for the 1st time in more than a year boosted by a weaker dollar and fresh enthusiasm for crypto currency the digital currency is notorious for its all those high price swings between 20162018 investors saw big coins soar from just a few $100.00 to more than $20000.00 before plummeting again french supermarket chain total fool has sold a majority 80 percent stake in its china business to domestic rival something the deal is worth $620000000.00 euros has faced fierce competition from chinese booming online markets and domestic rivals. while german carmaker dial are

has cut its profit forecast for 2019 it is. the 3rd such warning the based company has made so far this year says a higher than expected bill for software upgrades of these of the eagles is responsible part of the continuing fallout of the emissions cheating scandal the profit warning comes at a decisive moment for the word save parent company its new boss. has met with german chancellor angela merkel along with other car industry bosses to discuss the future of the sector here in germany. and at this meeting government officials pushed the car industry to increase efforts to find alternative ways to power their vehicles but with over 800000 people working in the auto industry c.e.o.'s argue that taxpayers should help fund their shift to cleaner technology. this is the 1st electric car made by mercedes the e.q. see will be available this fall it illustrates however the plight of the german

automotive industry they opted for electric vehicles very late now they're playing catch up with a little help from the german state. ahead of the car summit german economics minister peter meyer called on all car manufacturers to cooperate he wants to make germany the world champion in the construction of environmentally friendly cars for their part carmakers have demanded financial support from the government they say the state should offer incentives for motorists to buy eco ours because they are an average 10000 euro's more expensive than gasoline or diesel cars the government should also aid the construction of charging stations in residential areas like supermarket parking lots and motorways and they're pushing for all public vehicles to be evy equals germany's most powerful auto lobby argued in a newspaper article that these measures can be made affordable at least partly

through putting a c o 2 tax on conventional cars the aim would be to encourage drivers to switch to eco ours but environmentalist say that doesn't go far enough greenpeace for example demands a ban on the sale of petrol and diesel cars as early as 2025. now if it comes out of the ocean and is even raúl you'll most likely find it on a japanese menu even whale meat the country's commercial whaling next month's borders worry about food security for the island nation but the question is whether there's even a market for it once a national seafood staple in japan whale meat has been in short supply since 1906 when it global ban on commercial whaling made the meat a rare and more expensive item but in a few fishing villages like minami both so located about 100 kilometers south of tokyo where meat still plays

a role for the local economy. i married into this family 10 years ago and took over the restaurant business back then our customers were either the older generations or tourists traveling on motorcycles but now we have many families with small children that visit our restaurant without. right now some. for decades japan's whale supplies have come from annual expeditions to the antarctic ocean where a certain number of whales were allowed to be caught supposedly for scientific research purposes in reality most ended up on plates something for which japan has faced intense criticism last december japan withdrew from the international whaling commission so that it could hunt for whale and its own waters again however whale meat accounts for just north point one percent of all meat sold in japan and there are thought to be just 300 people connected to the country's whaling industry.

they're just taking anything historically speaking of the connection between japanese people in wales has always been strong but whale meat is far less popular than before port now and i think that's a crisis not just for us but for the japanese people. although those still connected to the whale again history would like to see an increase in demand for the meat it may well be that the ship has sailed on a practice that has become more associated with controversy than culture. and that's also thanks for watching so because my.

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what secrets lie behind these walls. to find out in him most of experience and explore a fascinating cultural heritage sites on the a. d w world heritage 316 giving up now. to say is state of the union africa coming up in the next 15 minutes there's tension in ethiopia after assassinations and then regional cooler temps at the weekend means are hard times for prime minister abu ahmed so how secure is his government and what does this mean for his reform agenda. add more attain yes new president mohammed order because that any saturday's presidential election paves the way for the 1st peaceful have.