kids you do seem to. get money from the. charge family from somalia lives around the world. don't need urgent assistance or . the family starts october and on. apple is taking the e.u. to court over its tax ruling the tech giant has been fined $13000000000.00 euros in back taxes by the european commission apple wants to overturn the ruling with the support of ireland me tell you why. also coming up your way gets ready to reveal its new smartphone where the 1st one without google android. and while prices remain high and the fears of a new middle east conflict we get some expert analysis from frankfurt and london.

welcome to g.w. business i want to johnsonville and good to have you with us and was starting with a landmark case in the e.u.'s crackdown on tax avoidance by multinational companies apple has launched a legal challenge to an order to pay $13000000000.00 euros in irish back taxes in august 26th in the european commission says tax rulings by ireland in 19012007 had aught efficiently reduced apple's tax burden for over 2 decades effectively making it illegal state aid apple is expected to argue that it did nothing wrong as it had followed the irish and us tax from dollars of a more let's cross over now to our financial correspondent pandey in a frank that i should just out of apple already made that pavement so what is the issue. well yes apple has deposited the money in an escrow account that was set up by the irish government and is being managed by

a 3rd party as it manages but apple actually argues that it should have been told to pay that money in the 1st place because it followed the rules the law of the land was followed the taxes that would do were paid and it also argues that it did the bulk of his taxes in the united states that's where most of the value creation happens they the intellectual property creation research and development takes place in the us whereas in the island it's mainly better for activities such as distribution logistics and storage and i were listening to you one could argue that apple also blames ireland for not telling it to pay more taxes and ireland isn't happy about that ruling either right well absolutely not island is pretty upset about this but there are suggestions in some quarters in ireland that in fact island should keep that bounty especially at a time when this so much uncertainty related to breaks it but but it's problematic

for island as far as the island government irish governments thinking is concerned because it feels that that is going to mean force its reputation as a tax haven and also it's concerned that if it does not argue that it's going to spook multinational companies that look at island adipose as advance destination for investments because it wants to reassure them that look our country with its low corporate tax structure is legal is safe and you come in please invest in the country and actually just monday there reporting for us from frankfurt on the apple ireland you can mission challenge thank you so much. the united states and china are gearing up to hold talks aimed at resolving their prolonged trade disputes and this one company that has overshadowed straight talk so far its way washington has accused the telecommunications giant of spying respond to american companies from cooperating with is why denies the allegations and is setting its sights on going it alone and this week away will introduce its new smartphone in new nick and it's

the 1st one without google android. once upon a time it was a company little known outside of china now while way is widely recognized as the tech giant on the front lines of a dispute between the world's 2 largest economies consumers may see it primarily as a smartphone maker it's the 2nd largest in the world after some thought but within the telecommunications sector the company is known primarily for its prowess in 5 g. the next generation of super speedy highly reactive mobile networking. it's 5 g. technology that's raised the company's profile internationally 45 of the world's 50 biggest phone carriers use its network equipment but many countries most notably the united states don't trust walk away accusing us of being controlled by the chinese government and of using its technology for spying back in may this mistrust

prompted washington to ban american companies including tech titans like google from operating with the firm the real impact that the us ban is going to have i think will be on the software side. smart behemoths if it does not have access to android operating system not because of the operating system itself but because of the out that are in the operating system no one's going to spend money to buy a premium our way phone if it is doesn't have. maps you tube google play for the us has also made far away increasingly determined to become more self-reliant last year it spent $15000000000.00 on research and development more than both apple and microsoft in august the company released a 5 g.'s smartphone that uses its own chips instead of versions made by qualcomm or intel. now the major advantage that we have.

is that we make all the bits that go in there we have our own troops a manufacturer but makes all of the chips that go in each of these components we are not dependent on any other company on any other country to be able to produce all of this for if the equipment we can make it all ourselves we can make it all ourselves a poignant rallying cry from a company that finds itself in the middle of a trade spot that has seen the world's 2 biggest economies turn ever more towards protectionism. the competition. regulator has approved a major deal between r. w. e. and e. on the go ahead for the 2 german energy titans comes with conditions the deal would c.e.o. take control of r.w. east green power unit energy as part of a complex asset swap the european commission has concluded it would not lead to less choice or higher prices for consumers but the approval is dependent on eon

selling some of its business in hungary and the czech republic. a trade deal between the u.s. and japan is within reach at least according to its present owner trump in a letter to the us congress released by the white house trump said that he intends to enter into the agreement on tariff barriers and to ditch or trade in the coming weeks the letter does not mention tariffs on autos and parts long a sticking point between the 2 countries. well investors around the world keeping their eyes peeled to on developments in saudi arabia have to last we consider tack on an oil refinery slash the country's output in hard the attack claimed by hutu rebels in yemen course the price of oil to surge 20 percent the biggest one day rise since the 1991 gulf war the price of since dropped again but is still higher than usual the incident also sent asian shares down on tuesday with traders selling off stocks in airlines and to other fuel dependent industries for more

analysis now let's bring in new york came up chief economist at command spang good morning and joseph gas who lie ahead of oil and gas analysts analysis institution in london good morning to you too i like to start with you joseph those attacks on the oil plants in saudi arabia knocked out 5 percent of global crude supply how long will the outage last when will be back to normal. and so the latest this morning is that about 30 percent of action has come back on these arms essentially reports they are also putting kind of full production about 2 weeks we're really waiting for is an official report which was due late last night with a 48 hour deadline looking at what the actual damage was in detail until the report's release we can't really be sure on what the timeline is but the extent of the damage at this point looks somewhat manageable with only

a sheen week kind of outage period before returning to normal but again i would caution most of these reports are and then cheated and really what we're waiting for is that report minute right right but yet came up i am i know that germany doesn't depend too much on saudi oil for its energy supply but some key industries certainly do ok it doesn't sound quite that a lot in the listening to joseph gas a lot but longer term consequences what can we expect there from the outage. well difficult to say about the let's assume the oil price goes up by $7.00 on a permanent basis this would increase or germany has to pay for its oil imports by $8000000000.00 euros by $8000000000.00 euros is only 2 percent of g.d.p. this is not

a much this is not much especially not when you compare it to the risks stemming from the trade war between the united states and china or would you compare it to the gross load on happening in china therefore i don't or very about 7 bases a $7.00 increase in oil price i do have already about a potential risk of a military escalation but we are here and the president trump is is not very eager to start a war with iran therefore i think the risk for the economy are limited all right just got a lot of the attacks and he revealed how vulnerable all production is what can be done to better secure supply and restore some form of state stability. the the idea of the saudi infrastructure is phone is always been kind of a somewhat underlying risk i think what highlights this has to kate is attack

really is the issue that these these sillies are difficult to secure i think from our perspective here situations we are really kind of focused on is the fact that further attacks would be somewhat unsustainable in terms of the different parties that are involved we believe that this escalation will push the u.s. around closer to a negotiated settlement to the nuclear treaty the last you know reducing tensions in the long run for the region so the vulnerability for saudi infrastructure is still quite high however we feel that this escalation is moving the parties closer to a negotiated settlement all right and last question. cramer we have half a minute left you mentioned all the other challenges that the world economy is currently faced with. can we deal with everything that's happening right now provided that there is no escalation in the middle east. absolutely if there's no

escalation in the middle east i think then there's this dampening effect over the german economy that is a drain impetuous in power of 0.2 percent of g.d.p. it's not much we can do for we can live with this. came out there from. gotta laugh from fitch solution thank you to both of you for your time this morning. and that's it for me on the business team here and for more business news and features as always check out the consul ash business or follow us on social media i want to get jens thanks so much.

to worry about. what's the connection between bread. and the european union you know. correspondent alan baker counts.

writes this you live with the rules set by the. stepping recipes for success strategy that make a difference. baking bread on. hello and welcome to arts and culture where his work influenced generations of young designers even if some of his creations were downright crazy or lin born in region has died at age 91 and will pay tribute to him in just a moment and here's what else is lined up. 300 trees in a football stadium and inflation in austria imagines a possible memorial to the environment in a completely feature. and in our series 100 german must read

daniel can run measuring the world imagine the contrasting lives of 2 geniuses all of the german entitlement. all his life he tried to make an angular world a little more organic to do away with right angles and bend his will only to the rules of nature and we knew it was a maverick among designers crazy about cars and famous even though many of his designs never actually saw the light of day. has passed away at age 91 and that was our cue to look back on his legacy. was a visionary and one of germany's most eccentric designers his career spanned over half a century and he created thousands of design control in the very beginning it was clear that everything he touched became around. we live on a planet.