between brett powell and the european union you know gilberto you go you corresponded with baker can stretch this point here in line with the rules set by the new team. talks north. stepping recipes for success strategy that make a difference. baking bread on d w. all processed so often drone attacks on saudi arabia brant crude jumped 19 percent before retreating slightly but the situation remains volatile with the u.s. blaming iran for the attack. also coming up what will the u.s. may do in face of the u.s. budget deficit topping one trillion dollars we talk to an expert. and they're with

healthy good food to revolutionize the way we eat to. come to the w. business i want to get jones good to have you with us a low prices hit a 4 month high following drone attacks on the world's largest crude oil processing plant in saudi arabia over the weekend brant crude initially jumped 1000 percent before retreating to around $6766.00 u.s. dollars a barrel that is still up 10 percent from last week a u.s. senior official blames iran for the attacks and president on a tram said on sunday the u.s. was locked and loaded for a potential response these are the images that have sparked political and economic turmoil around the world saudi arabia has largest oil refinery up in flames hof of the country's oil production slashed at least temporarily in one fall swoop . appearing on a t.v.

station sympathetic to their cause the rebels based in yemen said they carried out the attack there supported by iran an arch rival of the united states the american president posted a belligerent tweet in response there is reason to believe that we know the culprits he wrote we are locked and loaded depending on verification with political tensions are already in flames the economic consequences became apparent as soon as markets opened on monday oil prices initially surged by 20 percent before falling again someone else saudi arabia is the world's 2nd largest producer after the united states analysts say the effect on the global economy could be dire. much more. already.

it may be the last thing we need but with 5700000 barrels of oil a day that's 5 percent of the world's supply now in jeopardy disruption appears unavoidable. for some market reaction here in europe let's bring in our hyundai i should watch how dramatic are those attacks for global oil supply. well of the look of it it's. the biggest single disruption ever recorded bigger than the iranian revolution bigger than what we saw during the gulf war but having said that in the short ford still there are enough in inventor these to make up for the shortfall and that's why there's not much concern there but if it if the saudis take longer to resource

a big stories for the production that could be problematic and that could be in higher prices and then in a slowing economy it's worse but the markets today are reacting more to the fact that how the geopolitics is going to ban all going for forward how the saudis are going to react how for that matter the u.s. is going to react and that's the worry in the markets today let's stick to those prices because higher prices was actually something that opec was hoping to achieve opec members agreed only last week to stick to a cut in output to avoid a glut will they now rethink that position. well i don't think it's unlikely at this point of time maybe russia which has been reluctant to actually stay within the limits of the deal and they may come across and say that they would increase the output and it's the time to increase output when they would like to be profit out of the increased prices but they would be mindful of the fact that there is big demand for oil and it's not going to improve anytime soon it's likely to

remain weak in the future and so they will keep that in mind because when the. saudis actually destroy production that's actually going to be a bigger pain for the oil industry and the prices are right and just briefly because it's interesting the attacks in saudi aramco come as the state owned company actually prepares for an i.p.o. is there any significance to that. well yes the investors were certainly reminded that there are or they would they are planning to invest in a company that is located in a region that has a history of instability so this actually is again a reminder of that and remember they have been already pricing in fact as they've what's the future of oil is it going to be sustainable investing in an oil company specially amid all these concerns about climate change so that's again going to this is what he actually adds to those worries about climate change and future forward right after spending in france and thank you. all eyes are on the u.s.

federal reserve which meets this week the fed cut interest rates for the 1st time in a decade at its last meeting engine i trade uncertainties and rattled investors the fed's under chairman jay powell looks set to follow the european central bank and cut rates by a quarter percentage point powell does not expect a recession but says economic headwinds growing donald trump has been using his twitter feed to repeatedly to mount a more aggressive monetary easing. so what does the financial world expect from the fed this weekend meeting chief economist at bamberg bank good to have you with us interesting though this meeting happens as the u.s. budget deficit is topping one trillion dollars due to tax cuts increased government spending how will that influence the fed's decision probably not very much the felt looks at the economy the economy is growing but there are signs of significant

weakness in the manufacturing sector and just to be on the safe side that the manufacturing weakness does not spread to other parts of the economy the fed will cut rates now used present on a tramp of course is already ins of compay know it and he promised it to people the last promise before the last election that would he he would eliminate government debt altogether didn't quite work out how does he hope to achieve sent. i don't think he really hopes to achieve that except in some of the funny words which he authored when he had no clue what he was talking about probably the u.s. fiscal policy is on a course that is in the long run dangerous but with low interest rates at the movement with money seeking to flow into the u.s. dollar as a safe haven the u.s. for the time being that is for the next few years has no problem financing its fiscal deficit the fed of course doesn't like very much this expansion or a fiscal policy defect can't do anything about it they would just do their own duty and cut rates 25 basis points well this week followed by an outlook that maybe

there is more to come without saying already that probably there would be more to come off of this story that the interest rate right now stands at 2 to 2 point and a quarter percent in the u.s. the european central bank only cut interest rates further into negative territory last week also refreshed its bond touches in program adama trump pointed out that that made the euro weaker and therefore european exports much cheaper and he expects the fed to follow suit is the right no he's not right the fed should look at overall u.s. economic conditions which simply are better than those in europe the auditee of course you know is that european growth is weakened by drum straight policy which hit the export dependent parts of europe germany much more than they hit the u.s. but with the u.s. economy having more domestic demand and especially overall better growth before means then europe the federal not follow the example of the e.c.b.

and get that aggressive so you say that you expect a cut of a quarter percentage point and then another one by the end of the year and that's it then that is probably it unless trump were to escalate is trade was to such an extent that the u.s. economy gets to where the european economy is now $92.00 growth well below instead of growth close to trend it's up to trump and his trade policies in the end meeting that chief economist at ben ben frank thank you so much you're welcome. try not to cringe the humble maggot could revolutionize the way we feed the world to using insects for animal food ingredients is a sustainable option for the future they grow quickly breed well and can live off food waste the dutch company pro takes is helping to grow this market. these maggots are 20 days old and they're showing a lot of promise and as you said these one the particularly good today yesterday

was it a good harvest it's a really good harvest because that that made it big and is still alive. they can beat it so they. did give them lots of protein. maggots are cheap to feed and live off waste like finally ground potato peels from a french fries factory. the company lets the spillman some of the crates but not in the big breeding plants next door. it contains a strict trade secret pro takes has been working on for 10 years. technology truly can enhance and harbor nature so all the technology here is here to create a controlled environment to feed the insect as well and that's process possible with the food waste because that's what they do they like to crowd together and eat food waste all together in a very fast way. not only protein fat can also be extracted from insects

when pressed the oil is rich it's a great energy source for farm animals. all animals in nature eat insects when they're young have to grow fast and when they have to build a defense systems and we took it out of the diets and insects can do something really marvelous they can grow on food waste and other by products and that is a pathway to circular food systems. this idea has made feed manufacturers very excited researchers on this test farm examine how animals fed with the. insect food thrive these pellets contain insects 5 foot soon the company wants to process insect protein. since the mad cow disease scandal which included animal protein in feed manufacturers must meet many requirements. we will need some time to go beans governments etc to say look we know there is risks if you do it in the wrong way but by doing it via insects we really believe it isn't just ignore controlled and safe way so we really expect over time to use it all the animals which are pro

takes also needs e.u. approvals for the past 2 years insect meal has only been permitted in fish farming . and there are other markets that are going to open as well like the poultry markets and they are hands where we can bring our protein source into the feeds of chickens which they actually eat in nature as well so those markets when they open it will be a very very big market for the insect industry at the moment the company is focusing on the black soldier fly which grow particularly fast in just a few days a new rig a batch of maggots will hachi in this breeding chamber. as a business update for me in the team and when i'm sick in this company.

it's hard to laugh. at them from people make fun about their own social economic and political problems. in mozambique we say that you have to laugh so you don't write it's how people call me dating. as a journalist i often talk about this focus and that bias the less local to the.

electorate fact my day by checking out all those jobs finding out what people are talking about what is moving them. my father taught me how to ask in the 1st above questions about my country and about what that is what i keep doing to this day my name is bad and i work at. dogs like these can bring in lots of money dealers are trying to peddle a puppy in berlin we recorded the attempt on a hidden camera i will have a moment she's cute where she's from but i'm going to her up she said to be from serbia she has always shots no idea. how much you're asking know about 500

euros. the police move him up animal welfare and stuff and clips time seen here on the left witnesses scenes like this almost daily. and then. he finds suspicious ads on the internet and alerts the police. look good like the illegal trade in dogs is a multi-billion euro business. steffen clip stein is an expert in the dog trade he came across this little maltese on the internet and informed the police for over 5 years now the volunteer animal welfare arrest has been rescuing dogs from smugglers. and if you have the guns this is

another typical added to go for the dogs presented by itself on a soap and as bad i have a mission in the war a respectable.