to be propelled solely by sunlight. more heated rhetoric as tensions between iran and the united states continues to rise president donald trump threatens to publish parts of the country while terror on calls fresh u.s. sanctions quote mentally retarded also coming up logistics heavyweight fed ex is suing the u.s. government over new export rules and fishy business these tiny baby eels are a multimillion dollar business now european fishermen fight against smugglers to sell them to china. welcome to the program u.s. secretary of state mike pompei you has arrived in the indian capital for talks with this condo board as j. shankar and the indian prime minister narendra modi trade tensions between india

and the us have been on the rise india impose tariffs on almost 30 u.s. products earlier this month in retaliation for the us ending india's preferential trade status the leaders are also expected to discuss u.s. efforts to build a global coalition to put pressure on iran. meanwhile iran's leadership has slammed the latest u.s. sanctions which particularly target the country's supreme leader and his affiliates there on called the move quote outrageous and mentally retarded. on the streets of tehran his picture is everywhere iran's supreme leader ayatollah ali khamenei this week the u.s. impose new sanctions targeting him personally so what does this mean for the iranian economy these latest. version. as well as private simu private sectors.

of multi $1000000.00 complex all. industry. building infrastructure and it's all in one way it is going to. iran's economy is already struggling under the sanctions imposed earlier by the u.s. foreign investment from abroad has plummeted prices are rising and the iranian currency is losing value rainy and say this is nothing new they've experienced several periods of international sanctions many seem to be taking the worsening economic situation in their stride perhaps because they believe assurances by their parliamentarians. the strongest of their sanctions with the economic ones in iran's found ways to move around them they wanted to reduce our will says to 0 but they are all continues to be exported. in fact

iran's oil exports have plummeted by more than 80 percent china still buys iranian crude india's cut off imports but not completely but that may not be enough to shore up iran's currency reserves the greatest risk for the iranian economy is that the conflict with washington goes even further. delivery company fed excess is suing the u.s. government over its important export restrictions on chinese companies including tech giant huawei the measures aimed to prevent u.s. technology getting into the hands of companies that the white house considers a national security threat effect says they've left delivery firms with the quote impossible task of having to police millions of shipments every day last week fed ex wrongly return a huawei phone bound for the united states to its british center. all

right let's bring in court on wall street here against fed ex is suing the u.s. government tell us more about the market reaction to that well pretty much federal express is saying that they are not to lie a bill of for actually the content of shipments and it is legally and the logistically impossible to basically scan those packages and therefore this you would the stock of federal express traded to the downside here on tuesday by a good jim 3 percent the stock has been under pressure for quite some time and by the way they came all of their earnings report just after hours here on tuesday and looking at 2020 they're expecting that the entire year will be negatively impacted by all the trade issues that are going on at the moment and he ends investors also had their eyes and ears on fed jared jerome powell and he had some

disappointing remarks. well disappointing in that respect that he was saying that the monetary policy off the federal reserve should not react to term political aspects so that was a pretty direct them criticism to u.s. president donald trump and that he is not willing to back down that does not mean that we will not see it interest rate cuts by the end of july but it also shows that this interest rate cut is not set in stone and that actually did cause some confusion on wall street and was there one of the main reasons why richards lost a good 180 points here and that he was there session as called in new york thank you very much all right let's talk some seafood here young translucent eels are an expensive delicacy in china and japan as worldwide stocks decline smuggling

is on the rise exports from the you have been banned and fisheries associations and customs officials are on the tracks of the traffickers. this week our nick hopes is tending to 1400000 tiny eels just delivered from british waters in this age of development the thin bony fish are almost transparent which is why they're called glass eels european ills are facing extinction stocks have been in decline for 3 decades and so far there are no reliable methods of breeding them entirely in captivity in the middle of either it is possible now to get the ills to reproduce and keep them alive for a while but we still don't know what nutrients the young eels need at a certain stage in their lives in the in the study or. a model where these young fish need optimal conditions which means they should leave the basins at the german

fisheries association as soon as possible and they return to natural waters to grow to full size. i'm a corpse and his colleagues want to be sure that the glass eels are not fished up and sold to farms in asia where eels are great delicacy. we were addressing this issue as far back as 1996. it's all that all of us was a lot of then we said we were already exporting too many of them to asia although it was legal at the time and the price had run away for normal users. they can do all of that in the meantime il prices have reached record highs a kilogram of glass eels sells for $400.00 euros in germany in asia for 10 times that profit margin has attracted organized crime as authorities are beginning to realize their last ill smuggling is extremely lucrative and considerable quantities

are being moved around a kind of you can even compare it with the drug trade for profit margins or similar trafficking in glass eels can make you the same kind of money is not katic strafford king. the customs officials say it's a fairly new phenomenon but that they're growing more aware of the problem airport controls recently turned up 100000 lives glass eels and a raid uncovered an illegal collection point where the ils were being packed up for the long journey. to plan z. in they put them into suitcases with ice cold water and added ice water in styrofoam bottles to keep the temperature down around freezing. that way the animals metabolism will stay low and they have a good chance of surviving the trip was awful falls will relieve some good news for animal protectionists and 11 years most of the glass eels confiscated in frankfurt were put in the rhine river where they'll be able to continue developing normally.

and staying with the question of what might or might not end up on your dinner table we all know that we can a grocer. the shopping can be a real pain hoards of a customer is blocking your way or you're trying not to steer your full shopping cart into a stack of canned beans but a trial and friends to do away with the house and with the help of the latest technology it could also help people with mobility issues. this attentive little fellow is one of the autonomous delivery robots being child by french supermarket chain from 3 they're designed to help those who might otherwise struggle to push a shopping trolley around the store to get the groceries they need they can carry up to 40 liters of items and once you're through the checkout believin take them home for you. it's not going to change my shopping habits but it's going to help because i don't have to carry anything and it can go all the way to my house.

supermarkets on the only places in france where robots are doing the heavy lifting to go based in paris specializes in automating forklift trucks which provides to around $200.00 sites. the trolley is able to tear locate itself thanks to its navigation laser and mapping that we gave it so thanks to the circuit that we do it can move a pallet from point a to point b. . has sold more than $500.00 of its autonomous machines he says they're creating safer workplaces by making collisions less likely. the company's annual sales have risen from 1000000 euros to 23000000 euros in the past 5 years and with more french companies investing in self driving equipment like this factory in the northwest of the country francis or thomas industry is becoming one to watch. and that's it for me and business team for more news and analysis check out our

website at b.w. dot com. we'll leave you with a quick check of how global markets are trading up this hour. thanks for watching and see you back here.

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