family business flourishes in uganda growing flowers there for a budding global market. and this is all and let's do business saudi arabia's crown prince says oil prices could spike to unimaginably high levels if the world doesn't come together to deter iran they've been attacks on the saudi oil sector the world's largest crude export a shop the reducing production still mohamed bin sultan says he prefers a political solution to a military that's helping ease oil prices today but not the saudis worries fitch has downgraded their credit rating citing the rising tensions. saudi arabia's message is clear an armed conflict with iran would have catastrophic implications for the global economy and send markets reeling it's a stark warning and one riyadh hopes will prevent military action by its long time rival a spate of attacks on saudi oil facilities allegedly orchestrated by iran earlier this month led to a huge spike in crude oil prices as saudi output sputtered in

a rare interview with u.s. broadcaster c.b.s. the saudi crown prince issued a stern call to action. that if the world does not take a strong and firm action to deter iran we will see further escalation that will threaten world interests oil supplies will be disrupted and oil prices will jump to unimaginably high numbers that we haven't seen in our lifetimes. saudi arabia is urging the u.s. to continue talks with iran with the hopes of reducing some of the political strain on the strait of hormuz the world's most vital shipping route for oil almost a 5th of the planet's crude passes through it making riyadh's warning all the more urgent. singapore is asia's undisputed oil hub let's go over to our correspondent there andrea hang and read just how high are the political risks considering that the oil prices going down today. when fest is. about what's going on in the world today particularly with the u.s.

china trade tensions ahead of the washington talks that we're going to be seeing in the next couple of weeks or so and that oil prices to drop some one percent today now this is all top of the fact that china's economy is still looking very weak even though it points to relatively positive factory activity numbers today now with all this instability is sending a lot of ripples across asia and asia is very dependent on saudi oil some 70 percent of all more of its oil supply comes from the kingdom and any disruption to supply or even the threat to global prices is going to lead asia on shaky ground in fact it already is now weathering any kind of disruption is going to be short lived as well especially if prince mohamed riyadh wanted becomes a reality and just briefly at the same time fitch downgrading the saudis credit rating this is

a lot to do with the you know the geopolitical tensions and possibly military tensions rising in the gulf obviously between saudi arabia and iran now the saudi finance ministry has already asked fitch to reconsider its position and insists that the drone attacks have not impacted it's state funds it has not it has not impacted its growth and also cause you know investors are rather singing a different tune saying that this could have a long term effect especially since the saudi kingdom is trying to read diversify its economy and attract foreign capital trading in singapore. well financial markets are more worried about what andrea was talking about there the relations between the u.s. and china reports the administration is considering the listing chinese companies from u.s. exchanges it would be a radical new tactic in winning the trade war with beijing. the us treasury has denied reports it is planning to block chinese companies from listing their stock

on u.s. exchanges despite the denial asian markets were down on monday investors still fear that washington will restrict u.s. capital flows to china beijing had a warning for the u.s. . exerting maximum pressure and even seeking the force to coupling of china u.s. relations will harm the interests of chinese and american companies and people it will create turmoil in financial markets and then danger global trade and economic growth. beijing's that hope washington would work to resolve their differences and deepen economic ties some market observers brushed off the rumors saying the news amounted to nothing more than posturing ahead of talks between beijing and washington next week. fox is in court in germany's very 1st class action lawsuit

a civil compensation claims relate to the diesel scandal the court will have to consider if vehicle owners suffered damage from the emissions cheating software itself all from subsequent bads imposed on driving all the diesels. this could be a watershed moment for germany's legal system 4 years after the emissions scandal broke hundreds of thousands of diesel drivers now have the chance to hold the carmaker to account. it's the 1st ever class action lawsuit to take place in the country similar auctions in the united states have seen consumers come away with billions of dollars in compensation. really good of analysis which is far more confident about winning the argument speak for themselves 1st the leaders knew about things from the start and the w. hasn't put forward anything substantial that contradicts. what suddens lawyer has maintained that the carmaker has removed the emissions

cheating devices and argue that diesel owners cannot claim for compensation while continuing to drive the offending vehicles no hard to value to this day hundreds of thousands of vehicles are still in use by customers for us this means that there's no damage and therefore no reason for compensation these days hearing comes just a week after german prosecutors charge 3 v.w. executives including current boss happy with market manipulation accusing them of failing to inform shareholders about the financial impact of the emissions scandal . further indication that the costs of germany's biggest post-war industrial scandal are still being counted. could be 470000. well the folks like and customers are asking for

a full refund on the purchase price of their vehicles and whether that's going to happen this is a big question in part because this is really the 1st time german courts have had to address an issue like this so in court today the judge was saying you know you need to prove that that customers lost something and folks are going to saying that customers to them because they were still able to drive their cars so there's a lot of uncertainty over how how the plaintiffs can prove that and whether it's point b. a possible if you do look at some of the other cases that folks like and have settled and in the u.s. it's been much higher but it's a very different legal system there so it's going to be a big question going forward here before the story closely thank you chelsea. will disappoint about principle v.w. the label made in germany is strong as ever it continues to enjoy the top spot weld wide a cambridge university poll shows haas respondents positively view products manufactured in germany only 6 percent a negative china on the other hand still has

a major reputation problem the survey on the quality of consumer goods from a dozen countries puts made in china last in the rankings nearly half of all respondents reaching a negative verdict on the quality of chinese goods just 15 percent have a favorable view of other asian nations fed to high profile consumer brands like nikon or nico rather old sony japan is in 5th place south korea knights place with popular brands like l.g. and samsung. well german companies tend to be very wary of investing in africa citing a range of hurdles from corruption to infrastructure but one schwinn family owned business has found success in uganda cultivating flowers on the shores of lake victoria the company has built a thriving business which is now exporting all over the world. it may be a sea of green now but after a few months just in time for christmas the stems will be topped with rich red

flowers jovian on sukkot works at this farm in uganda preparing cuttings for the long journey to europe she's happy the job is providing her with a steady income. and one more to pay school fees. and then what parent. this is the guy flower farm a huge area sitting directly on lake victoria here german companies select one is producing plants for export and they're not the only international player here he sed africa is valued by many as a location for flour for duction salaries are lower here in the climate is ideal but flower production in africa does have its problems there are accusations that too much pesticide is often used for production manager wilson cater says that's not the case we are the production managers in the field we are 3 and very much to use as many as possible chemicals and. with chemicals that we. we have.

kind of chemicals that we are you think in this in this company all the. listed and i've been approved by the european union. from uganda to stuttgart the headquarters of select to one between brothers nielsen pak lamb are the 3rd generation to run the family business in stuttgart the seedlings from uganda planted in the soil to take root the claims are often asked whether it wouldn't be more environmentally friendly to just do all the cultivating here. it's. dollars. because you don't have to artificially heat in africa and basically you have an incredibly high growth per area is actually the case that production there has an ecologically lower c o 2 footprint than if the cuttings were produced here i mean with wife with a populace i think so many here put it to. the stood guard headquarters is mainly

used for developing and planning next year a new office is being opened in ethiopia according to the entrepreneurs the cost pressure in the industry is enormous making the lower wages in east africa a major boon in africa we produce in east africa because the unit costs and the wages we pay for them fit well together and we also have enough manpower available it's the only way we can still be successful in the market and it's the only way we can sell our products at all i think that's going to put a market whopped upsets and. with sales increasing even in china they claim twins are proud of a company that's gone from humble beginnings to one that's growing around the world i think business with the.

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coda. the tour 11th on w enough. cuts. cuts. play. this is d w news live from turkey is accused of sending refugees back to syria against their . we'll we need a mother desperate to find her son. also coming up china begins events to mark the 70th anniversary of the communist takeover but will celebrations be overshadowed by on the rest in hong kong. austrian conservative sebastian cortes looks set to

return to power after his party wins parliamentary elections but it's unclear who he'll form a government support for his former partner in the far right.