and if i don't they'll kill me. people feel for their lives and their future so they seek refuge abroad but what will become followers who stay behind and sampling our people my husband went to peru because of the crisis management wanted that if he hadn't gone there we would have died of hunger counting down the. display starts turning 15. investors continue to worry as the tensions between the u.s. and iran escalate over the weekend asian and european markets selloff oil prices keep rising and gold is that a years long hot so is this a passing storm or a bad omen for the euro trading. also coming up it may not have won so many golden

globes but netflix is still gunning for awards gold and forcing the cinema industry to change look at what that could mean for a theater near you. and manila's growing thirst for water threatens to wash out villagers living upstream from the new dam project. this is your business report i'm stephen beers in berlin it's good to have you with us. stocks in europe and asia have fallen as investors response amounting tension in the middle east the downward move follows the continuing fallout from the killing of iran's top military commander qassam solo money in the u.s. drone strike on friday worries about potential conflict in the region push oil prices even higher after friday's gains this time more than 2 percent that's a big concern for asian markets which rely heavily on the middle east for their supply but it hasn't all been doom and gloom news that washington and beijing could sunnah trade deal next week that shares in china up. and let's check in on european

markets now with chelsea delaney she joins us live from frankfurt the chelsea what are you seeing there after all this these tensions continuing over the weekend what's the news there frankfurt there's certainly a lot of anxiety to start the trading we've got here in frankfurt the docs just opened it's down about one percent that's adding to a loss of 1.3 percent on friday euro stocks the broader european and x. is down about 0.6 percent and futures in the u.s. are also pointing lower so it's looking like another day of a global selloff it's really going to depend on how this escalates or what happens next between iran and the u.s. for to see how this is really going to impact markets going forward but there's certainly a lot of concern about how how this will impact oil prices which are already up 5 percent since friday that could have a global impact and for investors they have really been hoping for a repeat of the big games of 2019 so this is definitely a bit of

a blow. for the already chosen delay in frankfurt thank you. and for more on this i'm joined by holder meeting he's chief economist at bear bank and he joins me from london greetings holger part of what happened over the weekend was this announcement by iran that would pull out further from this nuclear deal which european businesses had so hoped would be resurrected after the u.s. pulled out is this the final nail in the coffin for european business in iran. it probably is the final nail in the coffin for european businesses in iran for the time being unless there is some significant change however business with iran has never been a significant part for european business over the last few years so in macroeconomic terms for overall growth for the overall export growth of europe this would not make any significant difference. to jumping on this idea of macro economic terms here the oil prices up again after asian trading at what point does that become an

issue for economies and growth rates well it's a minor issue for inflation and growth at the moment already but really just a minor issue it would be a big issue if oil prices were to surge beyond $90.00 per barrel and we are significantly far away from that to not have to warn you very much about it we also remember what happened in september when we had these attacks on 2 major saudi arabian oil facilities and at the time oil prices spiked for about 2 weeks and to 4 to 4 back afterwards so prove rapidly the iranian tendence bet as they are politically would not be a big enough for global oil markets to really be radio the global economy and global equity markets. there's already plenty of uncertainty coming in 2020 what do the new u.s. tensions with iran mean for investors trying to navigate this year. well

i would say there are always some problems in the world in the world economy tendrils in the middle east take different forms year by year but they are kind of part of the normal backdrop for global markets we often have to navigate that so i would say at the moment the u.s. china new is likely a trade to you to decide on 15 generally is more important for the global outlook of this year that will be a more lasting thing then the tendence that because they have around iraq as always it's difficult but it does not look good. and one must look here germany what about germany's prospects for 2020 has just avoided a recession in the last year well germany will likely struggle even issue early in the year but probably get some extra foreign demand over the course of the year if global trade tendons die down a bit as they hopefully will and if we continue to sort of breaks it step by step

then the outlook for german industry german exports is modestly positive for this year all right meeting chief economist with bear bank joining me from london thank you you're welcome. let's look at some of the other global business stories making news. japan's justice minister has vowed to strengthen border checks after nissan's former chairman carlos ghosn managed to flee the country while awaiting trial for financial misconduct goen who's now in lebanon has criticized japan's justice system for taking too long and being inhumane the details of his escape remain unclear. experts say all shows bush fires are likely to have long term negative effects on the economy many turks resort say they're faced with ruin large areas of farmlands and cultural facilities that have been destroyed insurance companies say they've already already received thousands of claims. one of the technology world's

biggest gatherings gets underway this week in las vegas organizers of the consumers' consumer electronics show say tech spending is getting a boost from things like wearable smart devices and streaming media services this is should hit record levels in the u.s. this year. and speaking of streaming services netflix may have come out of sunday's golden globe ceremony disappointed the coveted best picture award didn't go to its film the irishman but the future is bright his pockets are deep and its movies are not only getting more critical of recognition but plenty of subscribers all challenges for the traditional movie industry despite receiving famo nominations than actually would sit sunday's golden globe ceremony it's clear that netflix has become a tough competitor for the world's leading film studios with high quality in-house productions like the t. pope's and the irishman the streaming service is making life difficult for traditional broadcasters cinema operate is and hollywood as a whole

a recent worldwide study revealed that the majority of those who had already used a streaming service now younger relied on traditional linea forms of television in daily life that's the case in nations across almost continents. cinema operates is to having to look for creative solutions it's now too easy to enjoy the latest blockbusters from the comfort of one's living way in a movie theater outing with friends and popcorn no longer a truly appearing alternative. in future cinemas will have to develop their own individual nisha identities it won't make sense to offer a broad range of movies i can imagine the emergence of documentary cinemas or cinema specializing in south american films for example the coalition. but netflix can't rest on its laurels despite having a dazzling 150000000 customers worldwide last year tech colossus apple and to the

streaming sector and the top hollywood studios led by disney i will say never. say fall most of their productions have run on netflix the loss of these could well put a dent in the streaming pioneer is a pale. let's go to southeast asia no rain has been scarce in the philippine capital of manila lately and that's threatening the city's millions of residents with a water shortage a new chinese funded dam project in the nation's north could help ease the pain but i've advocacy groups say it will also displace 25000 indigenous people and destroyed many had tears of forest or puerto genelle do alone since this report. the country while river has always run through the share a modern mountain range in northern philippines but a controversial dam project could change its course forever. up ahead is the planned construction site for the cali walk down and all along this forest wealthier a big tunnel will be built and you have to imagine that all around us will be

submerged under more than 60 meters of water washing away communities like this one the village of seato is closest to the downside here the indigenous to market people have lived alongside peasant farmers for generations signs opposing the down abound. he said. i don't agree with the day. especially if it's going to destroy the sources of our income. i come across and a coconut tree. build a down at the expense of our families livelihood. it may well serve others. but what about us by. the dam is meant to secure water supply in manila the capital 40 kilometers away. the. my there like he's serious.

about. growing the about through the. philippine authorities argue displacing thousands is worth securing water for more than $12000000.00 people and worth the controversial loan from china of more than $200000000.00 critics say less damaging and cheaper alternatives like smaller dams were ignored as was due process. but that means that some were insisting on the law according to the indigenous peoples rights act. the president to tear to should have gotten our friends and informed consent. before he borrowed money or entered any kind of agreement with china. or. china the government has vowed to use extraordinary powers to force the project

through many fear the loss of a way of life in accordance with the rhythms of nature and protective of the environment. that i'm old what about my grandchildren and their children where are they supposed to live what if they relocate us to manila how do we survive when we're not used to life there. here in the share a modern mountains of the stage is set for an ever recurring impasse between the desire for preservation against others insist is progress. and that's it for me and the business team here berlin you can find out more about these and other stories online at d w dot com slash business i'm stephen bears in berlin thanks for watching.

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it's time to take one step further and face the. time to such. fine for the trusts. to overcome barriers and. it's time for t.w. . coming up ahead. a few brave souls gather to commemorate 3 politicians who vanished without a trace over 20 years ago there holding their vigil in minsk capital of bellary. now a key witness has broken his silence as a member of a special unit he himself took part in the abduction and murder of the opposition

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