Through. Oil prices shoot up off the draw a tax on saudi arabias production side cutting production in hock brant crude jumps 19 percent before retreating slightly but the situation remains volatile for the us blaming iran for the attacks. And after the elections in tunisia how the country is still grapples with 35 percent of youth unemployment and while the political elite doesnt seem to care. Also on the show their. Healthy markets could revolutionize the way we feed the world. Im in berlin welcome to the show all prices have surged after saturdays attack on 2 major processing plants in saudi arabia u. S. President donald trump says he is ready to respond militarily to those responsible and aides to the president points to iran as the main culprit meanwhile he has also authorized the use of the countrys emergency stockpile of all. These are the images that inspired dread in politicians and investors around the world saudi arabias Largest Oil Refinery up in flames and half of the countrys Oil Production slashed at least temporarily by one airborne barrier. Appearing on a t. V. Station sympathetic to their cause rebels based in yemen said they carried out the attack but the u. S. Has pointed the finger at the back is the iranians i want to reiterate that the United States whole heartedly can. Iran to attack on the kingdom of saudi arabia. President trump went further saying the u. S. Was. Locked and loaded to respond. With political tensions already inflamed the economic consequences became apparent as soon as markets opened for the new week with shares across asia seeing red. Oil prices initially spiked by 20 percent before receding and settling around 10 percent hope saudi arabia is the worlds 2nd largest producer of crude after the United States analysts say the markets have just cause to be spooked. Just put into perspective they think around 5700000 barrels a day of saudi Oil Production has been affected its put in sprite so again global Oil Production is around 100000000 barrels a day so this is around 5 percent of the Global Supply which saw see quite considerable hits emerge Saudi Arabias Energy minister visited the damage to oil plants on sunday following the attack its unclear when it will be back on stream meanwhile the cuties have warned that Saudi Oil Facilities will continue to be a target. Early results from sundays president ial election in tunisia showed a pair of outside the candidates taking the lead and sent a message to the current government polling suggests that many voters are concerned with finishes the economy which has struggled recently with rising inflation and stubborn unemployment. A cafe in the town of desert the men here are unemployed and dont expect an election to change that. This usually happens becomes the sniff we poor people we fight to earn 5 euros per day in order to buy kilos potatoes when we need to change the gas canister or buy diapers were in trouble and politicians they fight for a position thats paid thousands of euros. Times have been hard in tunisia the cost of living is up by a 3rd since 2016 the currency is down spending cuts and fuel price hikes have been met on the streets with strikes and rallies. Poverty has declined in recent years but the gap between urban and rural homes remain significant. Then theres youth unemployment it helped drive the 2011 protests in tunisia and remain stubbornly high today after spiking to 42 percent during the arab spring it has yet to settle to preprocess rates and remains at 35 percent well above the regions average. Many tunisians blame corruption which they say has risen since the revolution but there are also structural issues with education and with the social system the question on many minds when will the much heralded political gains of recent years those that enabled sundays election for example finally deliver economic gains. And thats a question i want to possible right on through more heavily from all our big surveys so why has the momentum from the arab spring in 2011 which originated in tunisia why hasnt that pushed the economy well the thing is that when the tunisian revolution happened the main. Demand was Economic Justice the thing is that the political elite did not try to take care of that it did not try to find any Short Term Solutions even the country is in debt so this is one problem and the only thing the politicians are doing there are just adhering to the budgetary discipline imposed by the i. M. F. And thats it which means higher living costs for the people which means more frustration of course and the only thing theyre offering are free trade agreements with europe which is not the main problem often is jenns right there so they can blame everything on the ionic that one yes and there are many many cases of corruption and takes tax evasion which have not been addressed and so this is the main problem that they are working on another level and not really addressing the main problems of the countries and of course its not apparently very few or none of the 24 candidates for for the presidency complaint with the program focused on the economy do they think that voters are not interested in how to put food on the table well actually some of them did have plans and an Economic Program but the thing is the question is whether these programs are really really implementable and realistic because if youre saying that youre offering 500000 more new jobs how do you want to do that with no money there with such budget deficit i mean its not clickable and the more important question is that the president s role is actually confined by tunisian constitution on being responsible on 3. 00 areas for 3 areas only the Defense National security and. The Foreign Affairs and he has to consult they had of government 1st before doing anything so in the end the president doesnt really have much to say and such issues like the economy so its not really trustworthy if you would suggest a big program to improve the economy if youth unemployment is terribly high. 35 percent many youngsters are leaving tunisia many trying to get to germany. Is the country losing its uses young generation of course it is already 10 thousands of young people have left the country and according to a survey into sound 1645 percent of tunisian said they would leave the country even in. If they have the option to and this is not the only case the only problem the other thing is that you have 5 attempts of selfimmolation every week that these people prefer to die and to burn themselves instead of living because they are facing such hearts harsh living circumstances just repeat this 5 young people per week try to burn themselves probably in the hotel exactly and then the other only solution they would have to face these this miserable life is to just try to come to europe if even if this would mean that they would die in the sea. Any way out of this that you can see any any short of anybody with with a good plan i think that definitely those should be Short Term Solutions and maybe the i. M. F. Deal should be a bit different less harsh on people so that they can survive every day this is one important thing and they should definitely tackle issues of taxation and corruption this is one important thing to have a problem across the whole continent when i have me from all arabic this thank you very much thank you. And i was some of the other Global Business stories making headlines today chinas economic slowdown is deepening Industrial Production in august grew at its slowest pace in 17 and a half years the trade war with the u. S. And softer domestic demand is hitting the economy premier league he said its very difficult for the economy to grow at 6 percent or more and that it faces downward pressure. Heard you fall because of oxy contin the drug at the heart of the u. S. Opioid crisis has filed for bankruptcy it wants to shield itself and its owners from thousands of lawsuits a deal made last week will provide over 10000000000. 00 to tackle the Opioid Crisis but some states still oppose the settlement. Workers have gone on strike against a remote after the United Auto Workers union failed to reach a deal with management over pay and conditions almost 50000. 00 employees at americas biggest carmaker taking part in the strike the 1st major stoppage at g. M. Since 2007. Now do not cringe but maggots could revolutionize the way we feed the world the use of insects especially for animal food looks like a sustainable option for the future the company protax is hoping to grow this wrigley market. These maggots are 20 days old and theyre showing a lot of promise and as you said these wonder particularly good today yesterday was a good harvest its a really good novels because that baby and is still alive i hate to be considered a. Good kid and lots of protein. Markets are cheap to feed and live off waste like finely ground potato peels from the french fries factory. The company lets the spillman some of the crates but not in the big breeding plants next door. It contains a strict trade secret pro takes has been working on for 10 years. Technology truly hans and harbor nature so all the technology here is here to create a controlled environment to feed the insect as well and thats process possible with the food waste because thats what they do they like to crowd together and eat food waste in a very fast way. Not only protein fat can also be extracted from insects when pressed the oil is rich its a great Energy Source for farm animals. All animals in nature eat insects when theyre young have to grow fast and when they have to build the Defense Systems and we took it out of the diets and insects can do something really marvelous they can grow on food waste and other byproducts and that is a pathway to circular food systems. Decide dia has made feed manufacturers very excited researchers on this test farm examine how animals fed with insect food thrive these pellets contain insect soon the Company Wants to process insect protein. Since the mad cow disease scandal which included Animal Protein in feet manufacturers must meet many requirements. He will need some time to go if he is governments etc to say look we know there is risks if you do it in the wrong way but by doing it via insects we really believe it isnt cold and safe way so we really expect over time to use it all the animals with pro takes also needs e. U. Approvals for the past 2 years insect meal has only been permitted in fish farming. And there are other markets that are going to open as well like the poultry markets and they are hands where we can bring our protein source into the feeds of chickens which they actually eat in nature as well so those markets when they open it will be a very very big market for the insect industry and thats it from me on. Also check out for more stories always such a w. Dot com slush its called office and other thanks to watch the for. Entering the conflict zone with Tim Sebastian faulks been challenging those in call asking tough questions demanding. As conflicts intensify ill be meeting with keep players on the ground in the sun zones of. Gushing through the rhetoric holding the coffee to account the conflicts. Conflict zone with Tim Sebastian hong t. W. X. Coach of it coming. From africa the more sure link to exceptional stories and discussions. Of easy town while with safety deputed come smash it come join us on facebook. For gods. Cut. This is the deputy is that coming up in expecting minutes no pizza no work. Says in zimbabwe saying they wont return to duty and told a union leader who they believe by the state is released. And strange why didnt someone think of this years ago an invention that rural kenyans or old thing. That was then voiced in them want to be hateful and wrong