course for government control. assuming you're out of the country. do don't use fear no how do you know it. starts september 18th on d w. all process so often drone attacks on the saudi arabia brant crude to john's 1000 percent before retreating slightly but the situation remains volatile to the us blaming iran for the attacks. also coming up what will the u.s. may do in face of the us budget deficits topping one trillion dollars we talk to an expert. and to their with healthy my goods food revolutionized the way we eat the world. welcome to 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 of a 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 how often the country's oil production slashed at least temporarily in one fall swoop. appearing on a t.v. station sympathetic to their cause who she rebels based in yemen said they carried out the attack there supported by iran and 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 inflamed the economic consequences became apparent as soon as markets opened on monday oil prices initially surged by 20 percent before falling again some was 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 like. it's 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 inventive 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 are 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 now 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 then i 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 or they may come across and say that they would increase the output and it's a 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 passed for an i.p.o. is there any significance to that. well yes the investors were certainly reminded that they 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 go what's the future of oil is it going to really 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 actually to spending france it 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 have 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 on growing donald trump has been using his twitter feed to repeatedly demand more press of monetary easing. so what is 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 the tax cuts increased government spending how will that influence the fed's decision probably not very much the fact 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 trump of course is already ins of compay know mode and he promised to before 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 a cent i don't. 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 no interest rates at the moment 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 of a fiscal policy the fed can't do anything about it they would just do their 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 after this is all right 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 purchases program adama trump pointed out that that made the euro weaker and therefore european exports much cheaper and he expects the feds to follow suit is he 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 trump's trade 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 is there surely overall better growth before means than 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 war 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 more i told this meeting the chief economist at them ben frank thank you so much you're welcome. try not to cringe the humble maggots 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 company pro takes is hoping to grow this market. these markets are 20 days old and they're showing a lot of promise and as you said these were particularly good today yes there was a good harvest it's a really good harvest because that pretty big and is still alive. they look pretty

good so they. did give them lots of protein. markets are cheap to feed and live off waste like finely 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 the 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 byproducts and that is a pathway to circular food systems. this idea has made feed manufacturers very excited researchers on this test farm examined how animals fed with insect food thrive these pellets contain insect pursued the company wants to process insect protein. since the mad cow disease scandal which included animal protein in feet manufacture is must meet many requirements. people need some time to go beans governments etc to say look we know that is risks if you do it in the wrong way but by doing it via insects we really believe a different district and safeway so we really expect over time to use in all the animals as well. 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 compass. is focusing on the black soldier fly which grow particularly fast in just a few days a new wriggly batch of maggots will hace in this breeding chamber. there's a business update here on g.w. for me in the team of elim executing a company. of

that i don't need to keep a little old for over a mention on the force i'm. also assuming that the claim about. the bottom of the valley at the last dragons was what i called the hard to use my degree books on. i was issued when i arrived here i slept with 6 people in a room. it was hard. i even got white hair as the.

language head off this gets me and cleared up but you need to entrust the flavor you want to their story. the fighting and reliable information for margaret. it's a little bit of. a reward. this time on world stories. of distress at sea help from on our top fit a 102 year old swimming instructor but we start out in yemen where since the civil war broke out cultural life is largely come to a halt no movies no theater yet some yemenis still believe in the power of art. strolling through crepe tar the story part of aid and life is not easy for people

here most are struggling to survive and young people are fed up with the limited opportunities they have due to the lack of security. they have not an act of go yet so i'm so i'm. living in little and giving you some books and movie and what you can be the only his human talent was partially destroyed in the civil war. this is the old the cinema in yemen but not much is left of its former glory. why do you think about it you know something quite got about 150 volts of power. and this screen played color and black and white movies. it was beautiful getafe it was perfect. and you got that idea.