come 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 energy market expansion into asia the privately run nova tech will run. majority with france's total 2 chinese companies and one japanese from owning and remained. that 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 then still in the arctic a plant for local fighting 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 last year they had about 8 percent of this gas market in their ending 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 a huge populations in their economic growth will be needing energy diversified energy sources to feed to move and to help people produce things but gas has become a hot potato in a geo political times 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. really balance on frank thank you. and now to some of the other global business stories making headlines today. the u.s. and china have agreed to new try talks in washington in october it will be the 1st high level meeting since. tariff dispute as collated in recent weeks the agreement came in a phone call between the heads of the 2 trade delegations that was japan's nissen faces another scandal this time with c e o he wrote. he has admitted receiving inappropriate bonuses from the comic up 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's tech web site's tech crunch says some 4420000000 facebook ideas and phone numbers were stored on a server that was not protected facebook says it's investigating. still an engineering heavy way to cope 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 unity of measures new sanctions target oil smuggling all in all the economy is hurting. there is always a feeling of anticipation when a ship docks in iran's harbor it's the same in bandar and other rainy and ports in the persian gulf to 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 their 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. 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. me i'm a university graduate. and. without sanctions the job market would be so much better with claudia. so the 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. 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 metacity 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 deeper look into this story i'm now joined by my colleague jilani from the w.'s asia services a sanctions have been in place for a year now what are you hearing from iran what's the situation right now for the people that you know of as you were just hearing in this report 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 have union government is playing it up to tell it 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 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 than division. so that's my sense that the country sees the u.s. and the western 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 negotiate the negotiating table they're not looking to the extent that they will not change the iranian government 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 skyrocketing economy is going down iran's oil sales exports are coming down which which means that it doesn't have enough money to import essential food and pharmaceuticals. from the w.c. as a task and bomb thank you. crisis what crisis in iran might be grappling with u.s. sanctions boss being a country with immense cultural richest and stunning scenery iran's tourism industry is surprisingly farson. does this look like

a struggling country stunning architecture here skies and an abundance of culture despite sanctions iran's tourism sectors 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 notice that it's really a fantastic they selected 8. 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 are all but do we

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

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i'm not laughing out of the jam a while ago sometimes i am but i said nothing which at that moment thinks the printer jemma culture of looking at the stereotype clad but interesting to see for the country that i not. needed to take fullest drama day out to me it's all about. nothing i might show join me from the german sunday to be a. post. her 1st day of school in the jungle. first listen to. doris crane the moment tom arrives to. join during a training on her journey back to freedom. in our interactive documentary. coming into returns home on d w dot com. among the tangs.

natural riches of precious resources. and a rewarding investment. farmland has been called ethiopians gringo the country has an abundant supply and leases it to international try and. government is after high export revenues the corporations high profit margin. but not everyone benefits from the booming business. objects from. farming to destruction. the price for government and corporate greed. selling out of a. dead donkey sphere no high enough to. start september 18th on d w.

this is d w news life from the bahamas reels from harlequin dorian's destruction tens of thousands of people are now in need of immediate humanitarian aid the devastation caused by the biggest storm in the history of the islands means it's hard to reach them on the program the british prime minister has repeated his determination 1st country to leave the european union on the 31st of all.