some contractors. and investigative documentary goes to italy and china and looks behind the glamorous for signs of fashion houses. the jury behind the murder starts a new membership on a w. . no deal in sides russia and ukraine cannot agree on a new long term gas transit contract which has europeans fearing they'll be the ones ending up sitting in the cold. and hong kong's leader harry lime says the city is at risk of falling into recession after 5 months of pro-democracy protests . and business deed of your business and get out of office in berlin wellcome negotiators from russia and ukraine have failed to agree on

a new long term natural gas transit contract and fears are growing that in europe it could be a cold winter russian gas bound for the e.u. is currently pumped through ukraine and disagreements over payments have moderations between russia and ukraine even goes so far as to freeze gas deliveries western europe is dependent on russian gas so as the transit countries so other transit countries through which the russian pipelines past bought the new undersea nord stream to pipeline bypasses ukraine and poland and changes the game completely russia can effectively weaponize the pipeline by cutting off supplies to countries like ukraine while keeping western european customers supplied. this is the end of a very long pipeline 200000 steel tubes running 1230 kilometers under the baltic sea the energy megaproject nord stream to is almost complete. russia says the

old pipelines that brought its gas to western europe have reached their capacity limit north stream to abse to more lines but it also makes russia far less dependent on the pipelines that cross ukrainian territory and that makes ukraine nervous it needs gas but relations between the 2 countries are bitter russia's existing gas contracts with ukraine expire at the end of the year and with north stream 2 coming online it's in no hurry to renew them the e.u. has tried to mediate in vain. the time is flying and given that they. are the thirties and there must be a clear sense of urgency therefore i appeal to everyone there on the table to be constructive as possible unfortunately i have to say that i'm disappointed by today's outcome and i say this very open. moscow has

so far rejected the european commission's proposals russia hopes nord stream 2 will soon give it a direct route to gas markets in western europe while freezing out here crane. straits our correspondent. in brussels who's following those talks about what is your up trying to gain there with these talks europe in particular. main goal of the e.u. is of course security of supply for europe itself do you does not want any disruption of supplies from russia 10 years ago you experience a short disruptions of 4 weeks but also you have to say that the gas storage facilities investor new yorkers are completely full right now so europe could bridge a disruption of about 2 or 3 months quite easily why is europe so depended on russian gas in the 1st place where that's dependent on

nature because russia is the main source of natural gas in the world it still has the biggest gas reserves its close gira graphically speaking to europe so it's a natural gas supplier for europe and this is the history of supply goes far back to the soviet union it was always russia that supplied the best in europe and also germany for example of its most of its gas well isn't europe sort of on the russia's thumb there in a while in a way can can russia blackmail europe over political issues save ukraine for example. well that big difficult for russia because russia is also dependent on europe and also on the custom as russia has to to sell its gas 60 to 70 percent of the budget of the federal state budget russia dependent on the revenues from gas so they have to sell and europe has to buy it's

a double dependency it's another story for ukraine ukraine is not buying gas anymore from russia it's now getting its gas actually from western europe but ukraine is dependent on the fees it's just for gas transport via the pipelines running through ukraine and russia wants to get rid of these fees and the dependency on ukraine and therefore is building these new pipelines around ukraine the turks remain in the south and north stream in the north battling that thank you very much. hong kong's leader carrie lam says the city is a risk of falling into recession as it enters its 5th month of pro-democracy protests over its numbers have dropped and retail businesses as they have been forced to shut of their doors doing protests and rallies. after 5 months of pro-democracy protests some people in hong kong are tired of the demonstrations and

blocked roads the city state's divided community is on edge many were looking to carry lamb speech and choose day to see whether she would years the protesters demands she issued a warning things you don't often need all that there is a large likelihood that for the year 2019 we will see a full year recession that means we will reach 0 to one percent growth so this situation is highly serious in addition as i have stated in the policy address the hong kong government will closely monitor the development of the economy and take appropriate measures. on the 2nd body the issue one gets o.c. . also said her government will tackle protesters who resort to violence head on the hong kong government isn't backing down and neither of the protesters. the standoff in hong kong could continue to hearts the asian financial hubs economy. google's parent company alphabet said its quarterly profit fell 23 percent to

$7000000000.00 missing market expectations up a bit it says profits were hampered by rising research and development costs the company is trying to maintain growth while investing in a variety of new gadgets and services revenue growth and advertising is also slowing down. let's bring in charles delaney our financial correspondent in frankfurt chelsea out of it having trouble there how serious is that. so if we have mixed report but it's not necessarily a flashing red light here. off of its revenue does continue to grow it's about 20 percent that's still a pretty high amount they're advertising revenue was at a record high the problem for all of it is that their expenses are growing more they had a big hiring push in this quarter they hired about 6400 people they had to buy new office buildings to house of all those people and they're also investing and like

you said things like hardware new gadgets and particularly if they're trying to grow this business and that was really a lot of they saw a lot of growth there the growth of that and that division was up about 40 percent so they definitely are seeing a lower profits here but they're also investing and future growth and for investors that tends to be. something they can overlook if if the growth continues to hold up the good old growth the s. and p. 500 has hit a new record home was the chief. you can really think big tech for that the s. and p's tech sector is up more than 30 percent that this year if you look at some of the numbers they're pretty staggering up almost 60 percent facebook's up about 45 percent some pretty big games for tech stocks also i think. he improved relations between china and the u.s. are sort of helping investor sentiment here and also the fed is expected to cut

interest rates mark and so all of that is sort of reviving optimism and stocks here . show that lenny and franklin thank you. u.s. sanctions against iran have restricted iranians are so as to vital medicines will be n.g.o.s human rights watch says in a new report despite this iranian companies are doing what they can to do business in all of the companies and they're going to be very creative to do that. this construction site is located. an hour's drive from the arabian capital tehran it will one day house a factory that produces medical implants it's the brainchild of underpin or ali i'm ari i like yari the idea came to him before the united states re imposed economic sanctions against iran the move is complicated business ties with other countries too including germany. from one years ago up to no.

exports and imports of iranian. youth more than 50 per cent and it's not good news and from the german government that they find the real solution. germany has traditionally been an important trading partner for the country iranian companies are well represented at medical trade fairs like medical disorder of cheap labor and its advanced technology sector have made iran an interesting investment destination curd german businesses but sealing deals is no longer as easy as it once was even for. yari whose medical technology company isn't directly affected by the sanctions overt maruti and can relate to those difficulties he runs a company that makes medical devices used for lab tests the products are exported to armenia afghanistan and iraq but europeans seem to be interested in them too.

they are surprised when they see our products in 4 iranian products that could have a very good day to eat we don't have negative at post were of sanctions even i heard is some countries deal a lot of iranian companies to have standing exhibitions in other of our main problem which is money transfer in to try to find ways to continuing our business back to the construction site mario is hoping to have about 100 people working here in a few months from now he's not concerned about demand but he is worried about how his foreign customers will be able to pay him pressure from the us has discouraged most international banks from facilitating bank transfers with iran. we need to solve this problem. we have a lot of plan to do something with the european countries and companies and good

result in this case but i think that at this situation it's very difficult for me to move yes i despite the difficult conditions marianna harry is determined to attend the next big medical technology trade fair taking place in germany next month. and that's all your business if you can't get enough to check out our website that's of course again telling you dot com slash business and also follow us on social media don't go away now i was in culture is up next right after this quick look at global markets at this hour thank you very much for watching.

after the fall of the berlin november night to talk. about it. and welcome to news from the world of arts and culture lucian freud was one of the greatest painters of the human form there's a new exhibition in london just opened of his self portraits also coming up. a series featuring featuring artistic people from the former east germany and how they experience the fall of the berlin wall 30 years ago. and in 100 german must reads a novel that just couldn't get published in german until it 1st became

a bestseller in america. lucian freud was one of the most celebrated portraits fists of our time and throughout his life he regularly painted self portraits to these give a fascinating insight into his psyche especially when you consider his words when asked if he was a good model for himself he said no i don't except the information that i get when i look at myself that's when the trouble starts while now as an exhibition featuring all this trouble at london's royal academy of arts. exposed yet imposing the great painter lucian freud put himself to canvas as the embodiment of his own unmistakable style.