well earlier we asked spencer welsh oil market analyst at i.h.s. market in london whether opec countries were looking to strike a balance deal or if they were just out to maximize profits they are trying to to to find the right balance they would probably look at the price to be somewhere around seventy or eighty dollars per barrel compared with the current price which is fifty three however even just two months ago there was worried that the market was overheating the prices it eighty six people were already was going to hit one hundred and opec a worried about that one hundred number because then that stimulates competition from from other fuels and actually back in june because of the high price opec released their production constraints because they're worried about the price going to high so there's been incredible change in the market in just two months. well market analyst spencer welsh speaking there according paris has slapped a half a million euro fine on french oil company total after finding it guilty of paying bribes to win a huge gas

ever more on this i want to bring in spencer welsh now he's the director of the oil markets division at h.s. market in london welcome spencer by how much should opec cut output to stabilize prices and prevent further declines. good afternoon that's the fifty million dollar question they are under pressure as you said from the u.s. not to cut a tool that other people think you may need to cut by maybe more than a million maybe one point four million barrels per day i think it's likely to be there will be a cut somewhere between half a million and one million barrels per day of production spencer if they don't do that what will the consequences be well at the moment the price is just above sixty dollars per barrel two months ago it was eighty six dollars per barrel so there has been a sudden drop but in the last week it has been pretty stable so if they don't cut they then prices will probably stay around where they are they may drop a little bit more if they were to cut i would expect prices to head back up back towards seventy. the u.s. russia have all weighed in on this debate i mean

on market analyst spencer welsh speaking there now for a few hours of looks like former nissan chief carlos go on would be getting out of jail but before the gate even opened for him japan's state prosecutor's office has issued a fresh warrant for his detention prosecutors now say that going dumb to millions of his own personal debts on tony's on accounts he was originally arrested on nov nineteenth that prosecutors allege going declared far too little income and personally and rich himself using company capital. social start ups are on the rise let's talk about that the market for care services is after all huge now right now in germany about two and a half million people are in need of care and by twenty three d. that number could rise to three and a half million most will want to live at home for as long as possible and that's where the mo buy a car care startup via comes in it connects caregivers with those in need and help in their daily lives via a smartphone app. yes look the thing is cool and antonia knows what she wants she founded her own company called care shift in berlin

well market analyst spencer welsh speaking there europe's biggest carmaker fox wagon apparently wants to cut around seven thousand jobs in the coming years according to media reports v.w. plans and hanover and emden will be affected that's because production of lexar cars requires fewer people than the production of vehicles with combustion engine company plans to offer older employees part time work but even in that case up to four thousand jobs in hanover and up to three thousand jobs and might still be cut for the client to comment on the figures. i speculate on the ugandan ugandan government's problems with a pop star of the christophe to donna now in the fate of the musician that bobby why he's the entertainer turned lawmaker who was allegedly tortured by police back in august well now authorities are trying to stop him from performing because he uses his star power to win over supporters and his concerts to criticize president you that he was seventy. and the political stage he can be my committee. much like when he's performing his music for funds. but bobby one sees he's enter

that's spencer welsh.was trying to line up and takea but everyone was trying to line up and take a photo with him. basil brush? he came into the business unit to talk about chinese markets and growth. the boom boom? i'm here all week! monday morning and you are on fire, it will get worse. and it's the afternoon! as i said earlier, down nearly 20%, thomas cook, its profit warnings have worried investors. the heatwaves affected summer bookings and bookings for next year. ted baker in the news over the weekend. accusations about staff complaints. complaints about the bass's behaviour. the company is setting up a committee of directors to consider the allegations. unsurprisingly the markets do not like that used, ted baker's market price is suffering because investors are worried about what the future holds for this company. it is a big company, global brand. and it employs a lot of people in this country. the london market is shrugging off those small issues. why? the big news is china and the us, that 90 day