risen in its. own mind and amusing. to confess beyond 2019 from september 6th to september 29th. iran sanctions one year on the anniversary of the introduction of u.s. sanctions against tehran the economy there is in freefall inflation is rampant stands for more international businesses leaving the country. and shocking new figures show how increased use of internet streaming services like netflix is pushing c o 2 emissions we all help warming the planet one click at a time. and while we're at it why not make some money from climate change global warming turned these former fishermen into hunters jeff cray is green really big.

this is the deputy business i got out of his in berlin welcome one year ago today u.s. sanctions against iran over its nuclear program were reintroduced that means the u.s. punish everyone who trades with iran the sanctions bit and iran's economy is in freefall soaring inflation has even prompted the government to safe for was zeroes off the value of the currency meanwhile many foreign companies a pulling the plug on their prey sions in iraq once upon a time doing business in iran was reasonably straightforward it's now foreign companies operating there are finding themselves caught up in political strife of the $120.00 german firms that had a presence in the country hof have not pulled a fearful of angering the united states if they stay. european businesses that want to keep trading with iran without infringing u.s.

sanctions can do so by using a specially created instrument called insects but take up is not widespread and the reintroduction of u.s. sanctions hasn't only damaged business ties it's all but eroded iran's most important source of revenue oil. back in march of 2018 iran was exporting some 2800000 barrels of oil a day just over a year later the figure had halved and alice now say it's close to 0. the international monetary fund expects the iranian economy to shrink by 6 percent this year the turmoil has even prompted the government into a drastic move its shave forward zeros off the value of the rio in order to curb inflation. you know which in a good cause this could have a bad impact on our lives it makes me think about how valuable those zeros one swerves it changes the value in our minds my money is now so devalued so i don't see it as worth much. as inflation continues to soar many

a rainy and are struggling to afford basics like food and medicine unemployment to especially among young people is on the rise. with a german. of. the year after the sanctions were introduced if you compare the business climate in iran a year ago and today what has changed since the new sanctions are in place. well i mean if you look at the figures it's quite clear what has changed so the 1st 5 months in 2018 behaved and trait more human is europe from around 8500000000 euros now the 1st 5 months in 2019 it's just around 2000000000 euros so it's. 76 per cent less and less here with regard to

a mini it's around 50 percent less than last year we had $1200000000.00 euros. this year it's only $650000000000.00 now the figures show you that there is a huge reduction in trade. very much to the regret of european and its specially trained and companies the figures there are quite clear but what do the sanctions actually mean for the day to day business of foreign companies operating there in iraq. i mean the day to day business is has become much harder. as i can say not all the chairman and not all european companies have left the country and net. are not all have lost their interest in that market say try to stick to this market but it has become

much more complicated and much more costly especially with regard to that financial transfer which is the hardest part of staying in iraq well you mentioned the financial transfer. difficulties that has in stakes as it has that helped by jobs. i mean in states can head and will that is think so far is not know the 1st move has been done that not fine i have so far they are still sound technical questions to be on and especially from that uranium site i guess as feed half now and you head off in states that abilene who is out for money and messenger of germany to iran and who is very proud now and here in the country. looking really forward to have humans year to to make this 1st

strike and the 1st move go on and then i guess in 6 will be a really great help start of unborn stand thank you very much for joining us today and welcome thank you to. look into asia where stock markets have slipped for the 8th session in a row the escalating us china trade war is casting a wide shadow as traders worry about the continued weakness of the year one against the dollar stock market benchmarks in tokyo hong kong and solar is down around half a percent china is intervening to steady its currency after recent falls but the currency slipped and was trading keeping markets guessing goldman sachs has announced it is no longer expects a deal with the us china trade war before the 2020 u.s. presidential elections morgan stanley believes more tariffs could tip the global economy into recession by the middle of next year. meanwhile more dovish tolan's from the white house donald trump's economic advisor larry kudlow

pointed to upcoming bilateral talks as a source of confidence. the door is open for additional negotiations. we are planning. for the chinese in the coming year in september now you know they are meeting. they have their. leadership on clay for about 10 days i think it's already the done no come out of that and still be ahead of the september 1 terrible line and we hope the economy here we hope we can have some very positive results and we go she ations that's an optimistic view of the president's office said. that we're open to negotiations larry kudlow that says in the walt disney company tumbled as much as 5 percent afterwards reported a steeper than expected earnings decline 2nd quarter profits fell 51 percent the disappointing figures come despite strong box office gains thanks to record

breaking films like the evans is endgame which became the old time top grossing film disney announced it was spending more than and to space just in the run up to its launch off its 1st bundle video streaming service in an open. talk of a video streaming when we talk about climate change we who rarely think about the internet industry we all assume the oil industry is the biggest culprit and a factor in transport in agriculture also the big climate baddies but a study from a think tank in france now suggests that the internet isn't nearly as green as you and i might have thought digital services accounted for an estimated 3.7 percent of global greenhouse gas emissions is almost twice as much as civil aviation and still about hof as much as all the world's cars and motorcycles one reason the huge server farms that host your social media activities and the movies you and i watch on netflix or you tube use

a lot of energy and thousands of cell towers providing everybody's smartphones with mobile internet need energy too and the digital economy is growing all the time smart phone usage is on the rise as is connectivity the so-called internet of things we stay on the subject as the world is getting hotter more and more of the world's polar ice is melting why don't make a few bucks from it while we can that's what they're doing in newfoundland and labrador and canada's north in an area where fishing was once the top industry form of fishermen have now become hunters and it's not animals there after they're shooting at much bigger prey. yes that's an iceberg and this is how edward keene now makes his money the 60 year old canadian fisherman hunts ice that's. to the north and drifted south to warmer waters his team breaks the

giant pot sometimes with the help of a rifle fishes them out of the water and holds them into their boat where they are thrown into a container to melt all for this bottled water welcome to the profitable side of climate change with the arctic swarming waters come new opportunities for the business minded in canada and not just for bottling more tourists are flocking to iceberg once frozen car doors are now opening giving visitors the chance to reflect soberly on the revenues of climate change. the region is benefiting from the boom which has helped to offset the decline in the area's traditional fishing industry part of the newfoundland and labrador coast has even renamed itself the iceberg corridor or keep getting better every year we got 2 or buses coming here. you can see what we decided to about 3540 tour buses you know with older people coming into town every every season so. back on cain's boat he's got

a hole to deliver he can collect as much as 800000 liters from may to july which he'll sell locally for a dollar a liter the same water will be sold again eventually fetching as much as $12.00 a bottle target market luxury shop as in europe and the middle east keane is philosophical about his role. 3 weeks. naturae back to a jury. here. climate change appears to be unstoppable modest will make a little money in the process. and coming back to europe swedish payments startup kleiner has become the largest. private fin takes in europe after a new funding round pushed its valuation to 5500000000 euros silicon valley venture capital company dragomir the commonwealth bank of australia among the big name investors plan to set the funds will help continue its expansion in the u.s.

the platform which is backed by rapper snoop dog allows online consumers to shop now and pay later shoppers to pay for online purchases up to $30.00 days after their purchase interest free. and that's it from me and the business team air berlin business news and back on stories do checkouts t w dot com slash business website now has a quick look up global markets after that stay tuned to. the for.

robots are still in the development phase the 4th it's going to happen when they. will humans and machines be able to peacefully co-exist or are we on the verge of a robot collapse. if we just bumble into this totally unprepared with our heads in the shoes you think about what could go wrong then let's face it it's probably going to be the biggest mistake in history. artificial intelligence is now

spreading through our society ai experts be able to agree on ethical guidelines or will list technology create deadly new autonomous weapon systems. place a robot collapse close hauled just 14 on t.w. . hello and welcome to the news from the world of culture we'll take a look back at the career of the novelist toni morrison who died all monday night also coming up the world's a nicer place in my beautiful balloon goes the pop song you'll see that's true but a huge balloon festival in france. and a revolutionary new app that's changing the way art is created and experienced.

the american novelist tony morrison who died on monday night aged 88 is of course best remembered for a book beloved it one has so many fans and so many accolades to morrison once said we die that may be the meaning of life but we do language that may be the measure of our lives wise words a look back now at her extraordinary life right magic solution a technical in toni morrison's career the 1st african american nobel literature laureate receiving the presidential award of freedom from america's 1st african-american president barack obama in 2012. her path to success was studded with obstacles that she overcame with defiant inspired by her grandfather as she remembered in a documentary the pieces i am released earlier this year.