as it seems. to understand the world better we need to take a closer to. experience knowledge to move today. to w. . europe vowed it would keep business with iran going to preserve a critical nuclear deal and offset u.s. sanctions so why is european investment flooding out of the country we'll take a look. also on the show carlos ghosn gets his day if not in court that at least in front of the cameras will take you to the x. nissan chief's 1st appearance since his dramatic escape from the japanese justice system. and russia turns to turkey 2 countries inaugurate a new gas pipeline to carry russian gas to southern europe bypassing ukraine. this

is your business report i'm stephen beers in berlin thanks for joining us markets around the world are breathing a sigh of relief after seeing no further escalation in the conflict between u.s. and iran after u.s. markets closed with gains overnight asian indexes are up across the board on thursday with the nikkei in japan gaining more than 2 percent hong kong and shanghai are also in positive territory after strong gains over the last few tense days oil is once again trading lower. if more on this let's go to our financial correspondent in frankfurt chelsea delaney chelsea does this mean that investors have finally put aside these conflicts or this conflict between the u.s. and iran. absolutely and i think investors really began to look past these risks yesterday as it was it seemed that that wouldn't escalate further and that was really confirmed for a lot of investors by president trump's announcement yesterday so i think investors

now are they don't believe that it's this is the absolute end of a potential conflict between iran and the u.s. they are aware that this is a decades long dispute and that this could flare up it really any moment but this is really going to cause them to change their investment strategy and now i think investors are really going to be focusing on china and the u.s. trade deal and things like economic data and that's been really supportive 1st for global stocks or at the u.s. china trade signing to for next week chelsea delaney in frankfurt thank you. just under a year ago france and germany created a special investment vehicle to shield e.u. companies that are ran from u.s. sanctions the idea to help iran's economy and give to run more reason to abide by nuclear commitments it hasn't worked out european investments in iran continues to fall and it can't come close to making up for the country's lost oil sales through

sanctions now many iranian businesses are wondering if things will ever turn around . entrepreneur you'll comment on was already has shown many visitors the model of his 58000 square meter production facility he wanted to generate $500.00 jobs in the region now 3 hour drive from the capital tehran suppliers would account for another 1200 jobs he wanted to begin production long ago but then the u.s. sanctions went into effect the tension could be cut with a knife. we were talking to money transfers make our lives so difficult that we can't pay our suppliers and the suppliers can't even deliver the items we order. we're a german company caught between 2 worlds and we're trying to struggle our way through so i get to sue kevin. dunn azadi has both german and iranian roots he's been a successful automotive components supplier in southern germany for 30 years he

initially invested 8000000 euros in games are here on special economic zone planning on entering the renewable energy business after all iran has plenty of sun the plan was to invest much more but then the banks put the promised loans on hold what was meant to be a blossoming business landscape remained a barren wasteland and donald saadi is not alone he knows more european investors who trusted each you assure him says that they would support investments in trade with iran in spite of u.s. sanctions assurances that now ring hollow. this week specter things to go wrong but we knew we had the german government's assurances and efforts so we thought we could make it work because the german government had our backs but unfortunately that hasn't happened yet donald zadi doesn't see any chance of building a solar factory he'll now have to go back to concentrating on his components company in germany. and i'm joined now by dogma of the german

a rainy and chamber of commerce she's with us from tehran. if we look at the trade numbers from this past year that your organization has released german exports to iran fell 71 percent between october 2902018 arraign exports to germany down 36 percent the same time period is the trade between these 2 nations in freefall. i don't think it is in freefall and but you know it is stabilizing on the low level that is for sure 1400000000 euro lest you in the 1st 10 months is really not satisfied but i would say under the circumstances it's better than nothing. has the e.u. failed on its promise to protect european trade with iran and i wouldn't

think so because you know it's all based depend on big companies it's not a political decision to make business it's a private decision of the companies and under one hand you know you have their u.s. agents in there really a lot of chairman companies even s n d's to invest and to engage in iran i don't the other hand you have a lot of you know. economic circumstances in iraq itself it should be improved to go along with it and to to increase their relationship on an economic level between the 2 countries do you believe the e.u. can do enough to reassure business as you said it's a business by business decision but many obviously feel that they're not protected enough against these u.s. sanctions. the trade end in states is very hard on it even now even now in tension times.

for the 1st operational transaction and from. and we can have hope and it can improve again. given this situation that you know there is that police station in the region because business needs. surrounding so never tensions are increasing i guess companies. really think about leaving that market but as long as he can help us dagan situation i had last year and i hope we will have this you even more then i'm really optimistic that we can increase trade again all right joining us from tehran thank you very much thank you we apologize for some issues with the line there all eyes were on beirut wednesday where the fugitive former head of nissan carlos ghosn made

an explosive public appearance his 1st since fleeing japan where he was awaiting trial on corruption charges it was a 2 and a half hour tirade and he pulled a few punches. in be rude carlos ghosn faced the cameras for the 1st time since his daring escape from japanese justice. today it is a very important day for me one that i have looked forward to every single day. for more than 400 days since i was brutally taken from my words as i knew it. during a press conference lasting almost 2 and a half hours claimed to have been a victim of a conspiracy by those who are against his plans to merge nissan and renault. he pointed fingers at nissan executives tokyo prosecutors and elements within the japanese state. i can't talk about what happens in the government it's about i can

give you names i know that but i have it depend on i respectfully but on. and i respect divorce because it has been extended to me by yoko it is indeed about and in no way i want to do anything or say anything that would make that gust more difficult the press conference was followed closely in japan goans harsh words for the country's justice system elicited an immediate response i am mad that is the said he has been propagating both within japan and internationally false information on japan's legal system and its practice this is absolutely intolerable japan's criminal justice system sets out appropriate procedures and is administered properly to clarify the truth in cases while guaranteeing basic individual human rights go on described his decision to flee japan as the most difficult choice of his life new footage has emerged apparently showing him being transferred between

private jets at istanbul airport. back in tokyo prosecutors raided the offices of goans lawyer on wednesday junichiro here are not going to says he was as surprised as anyone by his clients escape from japan now that he's out of the country carlos ghosn has shown he has no intention of keeping quiet about why he left and who he believes is to blame. turkey and russia have inaugurated a natural gas line connecting their countries the project opens a new export path for russian gas that bypasses ukraine relations between kiev and moscow have deteriorated since russia annexed crimea and 2014. transporting natural gas through the new pipeline will be more expensive than gasoline reste through ukraine but amid ongoing political and economic disputes with kiev russia is aiming to reduce shipments via its western neighbor but the mayor putin expressed optimism

during the inauguration ceremony in istanbul. stuff that actually got gas supplies through to extreme will undoubtedly be of great importance placed choice and not only for the turkish economy and the black sea region but it will also have a positive impact on the development of many southern european countries. to extreme will transport natural gas from a compressor station near the russian town of an opera a distance of 930 kilometers under the black sea to the receiving terminal and kiera curry turkey it then continues to the distribution terminal in the town of labor costs from turkey russian gas will also be supplied to southern and southeastern europe turkey is also a part of a race to explore all oil and gas in the eastern mediterranean president wretch a target heir to one hopes is struggling economy will benefit from the new source of energy and police the pipeline will bolster his country's international standing

and if you miss our objective is to make our country a global energy center. or one of russia's long term goals this to reduce gas transit through ukraine with alternate pipeline projects such as north stream one and 2 under the baltic sea and tarc stream it's gas shipments through ukraine are set to drop by more than 40 percent by 2024 and that's it for me and the business team here berlin you can find out more about these and other business stories on our web site that's t w dot com slash business i'm stephen there's in berlin thanks always for watching.

every 2 seconds the person is forced to flee their home. the consequences and disastrous our documentary series displaced depicts dramatic humanitarian crises far from. phuket then we don't have time to think i didn't go to university to kill people. the people feel for their lives and their future so they seek refuge abroad but what will become of course who stay behind and

simply. my husband went to peru because of the crisis that if he hadn't gone there we would have died of hunger manana found. displaced scores turned her age 15. hello welcome to news from the world of arts and culture hollywood stars will smith and martin lawrence were here in berlin on tuesday evening for the world premiere of the latest bad boys movie more in a minute also coming up. ballet dancers dressed like chewbacca from star wars and techno point unique modern darts on stage in berlin. and a food photographer who won't make you hungry but will make you think. for

fans of will smith and the bad boys film franchise the long wait is finally over it's nearly 17 years since the last one and now to miami detectives a back with bad boys for life so have the bad boys slowed with age well it's german fans are going to find out 1st as the world premiere was here in berlin on tuesday night and will smith and his costar martin lawrence with their. star it's been 25 years since the 1st bad boys movie that proved will smith had what it takes for the big screen he and costar martin lawrence are back in action now in their fifty's secret. lot of couldn't let up.