1st in the meantime you can download our app m g w news on top of all and on be android store as well it will give you access to all the latest news from around the world as well as push notifications for any breaking news and if you're part of any news story you can also use the d w app to send us photos and videos of what is happening. to stay with us here at the dock new i'm sorry kelly amber land of the good wife. kid i am going to get. sick closest place to pay you just one evening in brooklyn you. nice shoes and you think. i want dollar story. because

a. mosque. is what starts january 27th on d w. coach a video clip. joint link to school africa the more full story link to exception these stories and discussion from own use as easy as i want website to debbie to come so much coffee coffee join us on facebook. africa. as tensions between the u.s. and iran escalate over the weekend investors continue to worry global markets are selling off oil prices keep rising and gold is at a 7 year highs so is this a passing storm or a bad omen for the trading year of 2020. and a slimy business house snail farms in tunisia banking on the hottest new trends in

the cosmetics industry. and chinese infrastructure projects are coming under fire not only in africa now down projects in the philippines threatens to wash out villages living upstream we have an exclusive report. this is business africa your updates on african and global business news here on the us welcome and we start in the middle east oil prices surge and stock prices tumbled on monday on fears of a looming military clash between the united states and iran the rain ians have taken to the streets to mourn the death of a military commander. who was killed by a u.s. drone strike last week meanwhile stocks in asia were sliding including on the dubai financial market which was down more than 3 percent closing wall street also saw prices fall during early trading as the angry rhetoric between the u.s. and iran continues. let's bring in michael sheehan is the chief market analyst at

c.m.c. markets in london michael marcus was spooked today across asia and europe is that really justified. well certainly i think if you look at the headlines yes there is some justification for the selloff that we've seen in the past couple of days but i would argue against it being particularly nuanced in terms of the fact that ultimately what has really changed from the events of last week we've seen a spike in crude prices we've seen a spike higher in gold prices and equity markets are coming off 2 to 3 year highs so i think there was some profit taking probably likely to happen in the event we've had some headline risk and investors decided to take some profits on the back of the. still big sell off there which sectors will be hardest hit by by this crisis well we see we've seen some evidence of the airline sector getting hit quite

hard i think the biggest concern overall that i have is if this office sustained then it could actually impact economic growth because ultimately what we could see is sustainably higher oil prices which could impact some of the improvement that we've seen in some of the service is pay and eyes that we've seen with the that have come out over the course of the past 2 to 3 months that i think is the major concern for me at the moment the sell off that we've seen i'm not overly concerned about it i think a lot of it is noise. ultimately what's happened is that investors are reacting to headline risk there is been no shooting taking place crude oil prices in are starting to settle back and more importantly good equity markets are rebounding off their lows i think it was quite notable that the tax wasn't able to sustain a move below 13000 and as long as it's able to hold above that 13000 level and those december lows then i think this is a mere dip in the overall uptrend that we've seen over the course of the past

couple of months back was used for you very much. in tunisia snail farming is growing business not everyone's taste they're not just farms for food they're actually has properties the cosmetics industry is often snail slime appears to be the next big thing to hit your skin this year. some people find snails too icky to touch but it doesn't bother how to ban rum time after all this is how the snail farmer makes her living as well as farming the snails for as cargo their slime can help keep the skin on your hands soft and supple. i got into snail breeding in 2014 but face a lot of difficulties but i try to overcome them over the years and improve the business i started with extracting the mucus from the snails a product that you're

a lot of interest from clients objects tracking the mucus this nails are used for cooking. getting their home to breed is not easy the snail breeder has created the ideal conditions for breeding the mollusks in this cage patience is required snails are slow at getting it on as they are getting around. looking over the fence. they stay in here for 3 months from september to december. we provide them with water and in 20 degree celsius temperature and the food we give them an atmosphere similar to spring so they can mate and most of them do lay eggs from. the snow farms are common in tunisia now bill cry i had the idea to start a brand of cosmetics using the snail secretion. due to its richness in hyaluronic acid in college and we decided to produce

a lotion that includes other vegetable oils we made the lotion and found that it was very effective in moisturising and brightening the face as well as fighting wrinkles and dark circles under the eyes it's been very successful among customers consider this. after extracting their mucus the snails are popular with tunisia's restaurateurs here in this judas restaurant as cargo with herb's in a bread bowl sandwich is a big hit. afraid thailand has opened its 1st full time clinics for prescribing cannabis oil a conscious decision to legalize medicinal marianna came as a bit of a surprise given the country's traditional tough stance on illegal drugs but like many other countries has been on able to ignore the economic promise of kind of us products. it's a brand new clinic in bangkok beckoned over to become the 1st of hundreds of ties

to receive free cannabis oil the 65 year old syringe. the clinicians hope it will bring him relief from the pains of stage 4 lung cancer where the methods can't. take you more the doctor says i'm too weak to withstand chemotherapy i'm just not strong enough. to cannabis can also provide relief to suffer as have insomnia and muscle pain the presence of talents health minister the clinics opening shows the thai government keenness to stress the drugs benefits to health and potentially the economy. the kind of guy. products. can be used in cosmetics can be used in the pharmaceutical to be used in. heavy industry. one organization claims the market across asia the mideastern ocana base could reach almost $6000000000.00 by 2024 that's why thailand has become the 1st

southeast asian country to legalize it and why it's investing in tech to extract distil and markets cannabis oils the hundreds who queued for their free 5 milligrams it thailand's new clinic on monday but just the start. big infrastructure projects financed by china are coming under increased scrutiny across africa but not only there very often sounds good but have significant downsides like harsh conditions for workers or little regard for environmental concerns in the philippines new dam financed by china is now supposed to help ease the lack of drinking water in the capital manila critics say have also displace thousands of indigenous people in 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 call you walk down and all along this forest walthew you're 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 c.p.o. cooper is closest to the dam site here are the indigenous the 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. like a cross and a coconut tree. build the down at the expense of our family's livelihood. it may well serve others. but what about us by the bottom of. the dam is meant to secure water supply in manila the capital 40

kilometers away. the greater the meadow by the light he's serious. about. growing the. philippine authorities argue displacing thousands is worth securing water for more than $12000000.00 people and worth a 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. more 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.

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 where we're not used to life there. here in the share a modern mountains the stage is set for an ever recurring impasse between the desire for preservation against others insist is progress. jet skis are a lot of fun knowing too many swimmers and some by those facing cruising bans and popular beach resorts now here's an alternative just presented this year's c.s.i. and las vegas. electric bicycle that runs on water the months of 5

idle for that runs on water at speeds of up to 20 kilometers per hour 204 and a propeller provide lift and frost. bit more strength then the. jet ski to a bit more skill as well one battery charge lasts for about an hour. recapping our top story of the all process. slash business news and features. find us on facebook twitter. news africa is up next right after this quick look at global markets.

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we speak different languages we fight for different things that's fine but we all stick up for freedom freedom of speech and freedom of press. giving freedom of choice global news that matters w made for minds. this is steve news africa coming up in the next 15 minutes tributes pull in seoul south africa's grandfather black business the entrepreneur richard my point you have pushed his way into a white man's world at a time when black south africans will praise stand up saying he's died at the age of $99.00. as al-shabaab strikes and if fielding.