Member states are hoping it will stay that way for the next nine months that is the aim of their latest deal at least to extend a cap on global supplies agreed to in vienna on thursday and review is possible in june if the market over heats saudi arabia believes the market has yet to rebalance awards its premature to talk about exiting the cuts at least for a couple of courses opec members also decided to cap nigerias output but have yet to agree a cap for libya both countries are exempted from cuts during previous rounds of talks due to unrest and lower than normal production or financial correspondent so fishermans he joins us now from wall street sophie the pick up in the oil price is also dependent on whether rival u. S. Shale firms raise their output further or not could the u. S. End up forty opec plants. Yes definitely you can say that and this is indeed exactly what has been going on so far in the opec so saudi arabia for example and iran have repeatedly agreed on having the outputs in order to help the historically low price to stabilize but as the United States are just not part of the opec this deal never kept them from producing more oil and on top of that the Technology Behind fracking has been improving so it has never been easier and cheaper for the u. S. To produce oil so total u. S. Crude production currently runs at nine point five Million Barrels a day and is expected to even add eight hundred thousand to one Million Barrels per day annually so crude oil gushes out of the u. S. Like never before and this puts a lot of pressure on the price of oil and so if you the dow jones is jump past the twenty four thousand mark for the first time what is driving it. So yes the dow soared to new record highs it actually had the best day off the year twenty seventeen twenty four thousand points our already three hundred points away and that means november is the eighth straight month for the industrial average to end on a better notes than it started into the month and the main reason is stephanie the progress the republicans have been making and in their big tex win for him it seems that investors and businesses are finally getting closer to what trump has been promising them a business friendly tax reform with huge tax cuts for corporations so the senate is voting on their version of the bill is definitely a big step it is a considerable progress from november first when the house voted on his version financial correspondent in new york good to talk to you. Siemens is assessing the sage for germanys biggest i. P. O. In over twenty years europes largest industrial conglomerate has chosen to nest health amirs its medical business in frankfurt over new york it doesnt want to get involved with u. S. Regulation and believes the Frankfurt Exchange there will grow as a result of braggs it health and is the largest of siemens divisions by revenue and is also the most profitable it sells machines to hospitals and practices as part of the initial Public Offering aseem and is expected to sell a Minority Stake of up to a quarter listing at the Stock Exchange is scheduled to take place in the first half of twenty eighteen. Still producing nations have agreed to dismantle market distorting subsidies g twenty minutes has met him but in on thursday to avert a trade. Overcapacity thats been causing International Tension but deep divisions remain. Expectations were low from the outset the interests of the participating countries were just too varied the goal of the summit was to put the brakes on Steel Production worldwide to reduce crippling overcapacity but in the end that mission remained impossible there was at least some agreement as to the cause of the problem though it can and you know it finished members recognize the need to make sure that the Market Forces are working better and that means agreeing that there should be a reduction of steel subsidies that are distorting the market itself and. That agreement is not binding though the o. E. C. D. Says currently the market is flooded with an extra eight hundred million tons of steel around five hundred million tons of it comes from china by far the largest steel producer in the world but europe is also producing too much and the u. S. Is threatening further punitive tariffs and complaining of dumping prices. Good news unemployment is no us that is takes ages a year or stat says is to seven point four percent in october its now with level since two thousand and eight year the Global Financial crisis slightly less good news the chance of finding what varies from country to country and some companies are complaining they cant find enough skilled. Czech firm linnet has desperate for more workers. The hospital bed manufacturer has seven hundred employees an annual sales of two hundred seventy Million Euros it could increase those figures if they could only hire more Assembly LineWorkers Service technicians logistics specialists and engineers. Many other Check Companies have the same problem as linnet. The Czech Republic has the lowest Unemployment Rate in the e. U. At two point seven percent this compares to germany with joblessness at three point six percent across the block unemployment stands at seven point four percent on average thats a total of more than eighteen million people. The jobless rate is highest in Southern Europe especially in spain and greece. These Southern European countries have had high unemployment for years. Many young people from the region have left looking for better work prospects thats making it difficult for some companies such as this woodworking shop to find employees as the outlook slowly improves. Diplomatic tensions between kenya and tanzania threatening to flare up over pastures for cattle belonging to the mass side people who live on both sides of the border and in tanzania president john michael fully is came to implement a livestock ban saying his country is not a grazing land for cows from across the border in kenya the struggle for Regional Power has been felt in the daily lives of farmers who live near to the border and i used to trading freely to survive mary mature is a worried woman the times annie and widow and mother of one took a Business Risk that has left her devastated. In early November Hideo chicks were burnt alive by her countrys authorities in the monger a town on the border between kenya and tanzania. I thought id try out the poultry business so i took out a loan of about three thousand eight hundred euros i bought the chicks in kenya to sell them here and in russia but when i got to the kenya tanzania border point in a mango they said the chicks had to be destroyed because they could have bird flu all six thousand four hundred of them were killed near for their communities living in east african border towns usually move freely from one country to another some families even split their time between two countries marry thought this was an asset for a new business. Tanzania banned the importation of livestock from neighboring countries in two thousand and seven this year its had an extra push in november alone government confiscated eleven thousand three hundred cattle from kenyan ugandan and rwandan herders or cautioning them prison little as thirty euros each we had to a large stock market on the kenyan side of the border. Of the traders who manage to make it to the market if the tanzanians who end up making the most money their cows a cheaper and seem healthier the residents here say that on a normal market day you wouldnt even find space to stand in this enclosure but the recent spat between kenya and tanzania seems to have obviously affected business here near the kenya tanzania border. Theres a lot of pressure on kenyan traders most to dealing with a severe drought and now that they cant trade in tanzania theyre beginning to get agitated. Depending on these counts for everything if trading with tanzania is going to be difficult then well take matters into our own hands if this issue is not resolved to block the tanzanians from entering kenya. These rules are very. Kenya has since written a protest new to tanzania through the East African Community but president undeterred insisting rules of rules have of these rules a greatly affecting business and lives of those at the grassroots level. One of the largest startup events in europes russia is taking place in the finnish capital of helsinki thousands of startups and potential investors are exploring ways of doing business together over the past five years finland has managed to build a flourishing entrepreneurial scene on the legacy of not his foreign operations in the creation of gaming heavyweights supercell the angry developer rovio the country in the why do european region have struggled to create a true global joint to compete with u. S. Companies like google or amazon. Youre up to date with the latest from the world of business from all find us on Facebook Follow us on twitter me business is all handle on there as well hennessy how free is mine ill be back tomorrow same time same place see that. Your children like chocolate. With your smartphone my. Main job is so much. As we go about our day you mean why she would write songs from the last month one minute. In civil hams one in the twenty First Century starting december second song double. Their black living in germany. Shes reminded what that means on a daily basis presenter john updike is nothing yet. Langton and i was kind of. Taking a Holiday Group and being you know different than the rest. She traveled across germany to meet other black people and to hear their stories so. It seemed that. I grew up in a white family in a white neighborhood it was definitely a challenge. She decided to put me up for adoption. So the main thing was to keep your head down and your mouth shut of course of the face like this i could never completely disappear if you see all these stereotypes about africa its good to see you. Do something for your country but youre still the black guy with an. Afro germany