well examine how. assassination is impacting markets around the walt that is next with jenelle dumas down on humphrey on behalf of the whole team. thanks for watching. and. language courses. going into one official estimates more than 1200000 venezuelans live in colombia legally and illegally. her body. was returned to.

visit friends so i don't think i'd ever go back there to live where i live there again i don't know so i'm not sure. witness whose death matters. made. us kills a top iranian commander in an airstrike marking a major escalation in tensions between toronto and washington and tremors across world markets and oil prices surging. also on the show south africa's credit rating teeters on the brink of junk status amid economic turmoil and expensive bailouts for failing state terms. and germany is set to introduce new immigration rules substract skilled workers to fill widening gaps in the labor force. this is the

business i'm joined now the milan in berlin welcome what a difference a day makes fresh from yesterday's 1st day optimism as the markets were open for a new trading year they too is looking much bleaker news of a u.s. airstrike killed a top iranian general ratcheting up geopolitical tension in the region struck fears across trading floors worries over iranian retaliation and further instability in the crude rich middle east oil prices soaring. the missile strike that killed iran's most powerful military leader custom sali money marks a dramatic escalation of tensions between the united states and iran the white house and pentagon confirmed the killing saying the strike at baghdad airport had been carried out under a direct order from the president the u.s. airstrike sparked concerns over an escalation of regional tensions that could disrupt crude supplies on news of the assassination brant crude rose just over 4

percent spiking at $69.50 a barrel that's its highest since mid september when saudi oil facilities were attacked briefly slashing output in the world's top exporter by half. christopher heyns joy now he's a crude analyst from energy aspects in london christopher the attacks obviously haven't had a direct impact on oil supply from iran or anywhere else but risks of an escalation have been enough to push up the oil price what's at stake here for the oil market yeah that's right i mean i think we've seen a 3 percent bump in the oil price roughly today and i think clearly people are worried about this and he media impacts on the supply it's more the potential of how our run is going to respond to this. i think one of the biggest things here is that the playground where all this is happening is in southern iraq that's a very big oil producing region you've got about 33 and a half 1000000 barrels

a day of oil that come out of there so any kind of threat to any disruption so that in the future is going to be a real problem and i think one of the challenges now is trying to understand when iran might might react to what they might do. but pass the talks like they hit on oil tankers in the strait of hormuz last year for instance didn't have a lasting effect on the oil market what can we expect this time around. yeah i think this time this is were a little bit different the oil market is slightly tighter so people are going to be very worried about supply disruptions particularly if it's iraqi crude because this is the type of crude the world wants right now if you look at the sanctions that have been put on venezuela on the iran this is the same kind of oil very heavy kind of oil so it will be very difficult for the market and really would push prices up if there are disruptions that thank you christopher hans energy aspects in london

thanks very much. to south africa now where foreign investors unloaded nearly $10000000000.00 u.s. dollars worth of south african stocks and bonds last year the largest selloff in over a decade president cyril ramaphosa has failed to jumpstart the economy after 2 years in office indications are mounting that the country is sliding into a recession and it could lose its last investment grade credit rating in a matter of weeks. many south africans were buoyant at new year's celebrations in cape town. 29000 was an experience bite i expect 2020 to be much better and i have high expectations for 20 twenties to be. but investors have other expectations and are bracing for another kind of a bang in february. south africa already has a junk rating at fitch is and standard and poor's and moody's mode its outlook to

negative at its last review sparking fears the country will be relegated to junk status at the next rating in february the world bank has lowered its growth forecast for the mid-term from 1.3 percent last spring to just less than one percent for last year the job outlook remains weak with unemployment at 29 percent and government debt is now projected to grow to 71 percent of g.d.p. by 2022 up from 57 percent just over a year ago more and more public spending is going to distressed state owned companies like power utility eskom a national carrier south african airways is south africa is rated junk by moody's analysts say it would trigger a massive selloff by institutional investors. germany is hoping for a wave of applicants for hard to fill jobs this year new immigration rules for skilled workers come into force in less than 2 months the reform allows workers

from outside the european union to come to germany for jobs the new regulations give applicants 6 months to find a job here however applicants who not receive any social security benefits from the german state for this period of permanent visa is possible once the applicant has a recognised qualification can demonstrate sufficient proficiency in german and shows for proof of a full time job. it's about people like carry him. he came from turkey and found his dream job as an aircraft technician at frankfurt airport he works in a field and with german employers have trouble finding workers. that procedure 5 or 6 times and. 6 or so i want to sign a contract i got that but during this period rail is hard for for a north because we are not european steers and german still isn't germany wants to attract more skilled workers by cutting the red tape and new skilled worker

immigration law will take effect in march. time is running out millions of baby boomers will be retiring and they are leaving huge gaps in the labor market. event. at the beginning of the next decade germany will have 6000000 fewer workers we need to fill those gaps if we want to maintain our economic strength of. of the stars of english is a ready a lack of young workers in many fields but a lot depends on whether people from other countries want to make germany their home after role models economic prosperity lies in the hands of the youth. earlier we spoke with michelle founder cannon who was responsible for the migration and refugees area where the german employment agency we asked them whether the many requirements for applicants are realistic. well it's called the axle for getting

skilled labor to germany the emphasis on skilled labor will physically people need to get there they had to grease. a check to paul people need to be to learn german as well learning a german language isn't all that if you're called and for most jobs i would say that a 2 according to the. the framework of learning a language in europe takes about 6 months that starts quite ok for learning that so there are some hurdles but i think that is that is doable chris cyprus and israel have signed a deal for an undersea pipeline designed to move gas from the eastern mediterranean to europe they east medline is intended to provide an alternative gas source for energy hungry europe which is largely dependent on supplies from russia then you have trilateral pipeline project comes amid tensions with turkey over its own activities in the area. the signing is

a defining moment after 10 years of talks between israel cyprus and greece they want to build the longest undersea pipeline in the world the construction they estimate will cost $6000000000.00 this is a story before israel because we're becoming an energy exporter for the 1st time in our history but it's also. i believe this story for the. partnership and alliance in the eastern mediterranean the almost 2000 kilometer long pipeline will transfer up to 12000000000 cubic metres a year from israel's offshore gas reserves to cyprus the greek island of crete to the greek mainland and then on to southern europe it's expected to supply 10 percent of the use natural gas needs. the project could also accommodate future gas finds in waters off cyprus and greece where exploration is underway but it's under heavy scrutiny from turkey turkey is laying claims to large tracts under greek in

cypriot control in 2018 turkey sent exploration ships to waters that are part of cyprus accompanied by warships turkish president rich up to a pair to one said repeatedly no project in the eastern mediterranean can proceed without his consent the u.s. however backs the trilateral project according to the israeli energy minister the building of the pipeline could take up to 7 years that means it's going to be a long time before israeli gas will be flowing to europe. fry an era says it's preparing for further the lase to the delivery of its boeing $737.00 max airliners as one of the world's largest airlines ryanair has ordered $135.00 of the jets the airline was meant to receive almost 60 by the summer writing their c.e.o. michael o'leary told a german business magazine he added that it's possible ryanair will only get the

1st. in october the boeing 737 max has been grounded worldwide since march following 2 fatal crashes which claimed 346 lives. u.s. electric car maker tesla has reached a new record for the number of vehicle units in a quarter it delivered 112000 units in the last 3 months so 2019 tesla beat analyst expectations for deliveries last year the news of which something car maker shares soaring to new heights follows a production milestone tesla's 1st model 3 cars built at its chinese plant in shanghai rolled off the production line earlier this week that could help it solidify its position in china the world's biggest car market. and that's it for me and the business team here in berlin for more don't check out our website that's the w dot com slash business you can also find us on social media or on facebook and on twitter we'll leave you now with a quick look at global markets imes an album

a lot on thanks for watching.

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of the meal. which. was just. to tell when your smartphone together. pleased. this is the news africa coming up in the next 15 minutes is africa's wealthiest woman guilty off that it is about has had her assets frozen in the government accuses her all causing the state's losses but she says the charges all politically motivated. and this secretive traditional practice inside.