iraq the right. to sing along to you. from soup. for. interactive exercises. every thing is online. interactive jamming to free wi fi w. raising the stakes in the gas game how russia is going north to bring more gas to asian markets russian producer nova tech is announcing a $21000000000.00 liquefied natural gas project in the arctic. raising this raising the stakes in the nuclear game despite sanctions iran is hell bent on starting to enrich uranium again on friday as pressure on the country's economy amount to. this is business. model for us. russian natural gas producer nova tech has

announced a $21000000000.00 liquefied natural gas project in the arctic the pipelines are expected to be completed by a 2025 and is seen as an important part of russia's plans for market expansion into asia the privately run will run. majority with france's total 2 chinese companies and one japanese from owning and remained. bring in financial correspondent at the frankfurt stock exchange what else do we know so far about this project. well the exports are supposed to start by 2023 the project entails among others developing the gas field of course as a prerequisite and then also building right on the spot on the guy down poland and instill in the arctic a plan for liquefying the gas to make a exportable and the russians are aiming to increase their stake in the world

market considerably and this will be one tool one step in that direction and last year they had about 8 percent of the surface market in there aiming for 20 percent by the year 2035 and certainly with partners from from india or from china looking to develop markets there the russians have something that both those countries with their huge populations and their economic growth will be needing energy diversified and g. sources to feed to move and to help people produce things but gas has become a hot potato in a geo political science recently hasn't it how significant is this. i think this could also be significant because donald trump has been putting pressure on germany to reduce germany's dependence on russian gas gases by volume energy

consumed the 2nd most important energy source for the germans and they get most of their gas by far from the russians and trump has put pressure on the germans and i'm interested to see you know we're seeing negotiations probably going to start in october between the chinese and the u.s. whether trump will bring up the gas issue with china with a view to this project. well the balance on frankfurt thank you. now to some of the other global business stories making headlines today. the u.s. and china have agreed to a new try talks in washington in october it will be the 1st high level meeting since the dispute escalated in recent weeks the agreement came in a phone call between the heads of the 2 trade delegations the u.s. japan's nissen faces another scandal this time with c e o he wrote to a side car while he has admitted receiving inappropriate bonuses from the comical but denies knowing about them before her side caught replaced collars go on last

year after goal was arrested on 4 charges which he too denies. hundreds of millions of phone numbers linked to facebook accounts have been found online it's the latest privacy lapse involving facebook tech websites tech crunch says some 4420000000 facebook ideas and phone numbers was stored on a server that was not prospered protected facebook says it's investigating. still an engineering heavyweight to some call is being dropped from the docks the company was a founding member of germany's big chip index more than 30 years ago but it has been hit by a fall in production in the car sector. iran's nuclear deal continues to fall apart when the united states pulled out reintroducing sanctions iranian leaders threatened to crank up the centrifuges again and again that's exactly what they're set to do tomorrow claim claiming it's only for peaceful

purposes $15000000000.00 loan from france to compensate for sanctions looks increasingly unlikely russia is mulling support for the oil industry already hit by washington's punitive measures new sanctions target oil smuggling all in all the economy is hurting for. there is always a feeling of anticipation want to ship docks in iran's harbor it's the same in bandar abbas and other rainy in ports in the persian gulf the ships unload food and household items particularly washing machines televisions and other electrical appliances. traders like abdullah safari have been among the 1st to feel the pain of fresh u.s. sanctions it's even become difficult to get goods through the united arab emirates which in previous rounds of sanctions was the gateway to the world for rainy and trade. and this. has become

a lot harder than before it was always difficult but now much more so the ships used to take 2 hours to reach the port in dubai but now it is the take from 2 days to a whole week to get to the ports you have to wait for the inspection to be completed the officials from dubai have become much stricter. faded. fewer goods being allowed into the country is a massive problem for rainy and tighter supplies lead to higher prices inflation is running high. iranians have to take any job they can just to get by. you know what me i'm a university graduate. without sanctions the job market would be so much better. claudia. economic conditions have worsened

but we still get by we still continue to work and to do our jobs. many things have become more expensive but we somehow get through and we're not completely unhappy it's just. a dollar safari has a few hours off before he heads back to dubai with his boat during the past few years when sanctions eased the 43 year old father made initial contact with europe at the moment they are not of much help. after. to go to europe and do business there immigration from oddities need to get easier any visa applications take a long time and are very difficult. the next problem is foreign currency exchange i'm sure some people in iran manage to do this but it's problematic for the small traders. many iranians feel let down by europe would like a dollar safari most do not want to give up hope that the situation will improve

once more. let's take a look into this story i'm now joined by my colleague jilani from the w's asia service was a sanctions have been in place for you now want are you hearing from iran what's the situation right now for the people there. you know i have as you were just tearing into support situation is desperate for ordinary iranians even though the american government says it's. sanctions are targeted at the iranian regime at the revolutionary guard but it's having an impact on ordinary people for example medicines and pharmaceuticals medicines which iran imports especially for cancer patients have been running short and they really and government is playing it up to tell its people that look this is what america is doing to your country and that's why you're hurting so it is biting do people believe that it's basically the

american falls and it's a resentment about the economic situation that could be destabilizing for the government now president rouhani was elected because he promised engagement would divide the world and he was committed to the nuclear deal but as we have seen the trump administration has unilaterally ended. that deal europe is trying to breathe some life into it so i think by and large iranians see the u.s. as the biggest culprit yes they are unhappy with a lot of things in the government it is after all a different oppressive regime but when it come when you put more and more pressure on a country if you if you know iran and its people it brings them together it creates more unity then division. so that's my sense that the country sees the u.s. and divestment world as not meeting its end of the bargain so you think then then

that the sanctions are not working in the sense to get around the back to the negotiating negotiating table. they are not looking to the extent that they will not change the iranian government's behavior anytime soon and this is a government which is seen wars sanctions before it feels it is resilient to do fight but that's not denying that inflation is guided rocketing economy is going down iran's oil sales exports are coming down which which means that he doesn't have enough money to import essential food and pharmaceuticals. from the w.'s asia desk in bonn thank you. crisis what crisis in iran might be grappling with u.s. sanctions but being a country with immense cultural richest and stunning scenery iran's tourism industry is surprisingly far seen. does this look like

a struggling country stunning architecture blue skies and an abundance of culture despite sanctions iran's tourism sector is beating the odds and bringing wealth to a nation experiencing increasing opposition on the world stage tourists to the country are pleasantly surprised me too i was by henri so i checked by the travel agency asking are you sure that we can leave this. as soon as i can here i know is that it's really a fantastic they selected beat. last year iran's tourism industry grew by 2 percent providing the country's economy nearly $9000000000.00 u.s. dollars almost $8000000.00 foreign tourists visited in 2018. honey is the founder of tap persia a full service tourism provider the company streamlines prospective visitors travel experience and lets young iranians make a positive difference within the countries well as you can see we have a young team and most of these people they were thinking to go up wrote but do we

try to bring hope for them during a hard situation there is still hope to do something in iran as for honey is certain that iran's tourism industry will continue to persevere you know our red line is that walk as long as there is no war i can say you ron is safe carefully preserved historical buildings and a fast cityscapes underscores iran's tourism sector and enduring contender with a lot of potential. and that's it from me in the business as a team and before we go here's a quick look at global markets at this. sure

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to. the book. this is the w.'s life from the bahamas reels from hurrican torrents destruction to tens of thousands of people are in need of immediate humanitarian aid the devastation caused by the biggest storm in the history of the island spain's it's hard to reach them also on the program the brother of the british prime minister quits the government to the family in rago of a brat said joe johnson.