Ever in the wake of reports of weak sales of its a three eighty super jumbo its now received a juicy order from u. S. Private Equity CompanyIndigo Partners the order is a big one but for smaller planes though four hundred thirty single planes of the a three twenty neo family for a whopping fifty billion u. S. Dollars that would provide indigo with state of the art aircraft for several low Cost Carriers it owns in north and south america and here in europe its not the only deal was sought today because venezuela is approaching bankruptcy and now the cash strapped country has signed a debt restructuring deal with russia it will ease the terms and conditions under which one us where law must repay some three billion dollars it owes moscow the deal comes just a day after Credit RatingsAgency Standard and poors and fitch declared the south American Country to have partially defaulted on its debt. Venezuela isnt paying its bills and is already in partial default now its overdue a four hundred twenty Million DollarInterest Payment the deal with russia will help fund that at least but the three billion dollar amount is nothing compared to the countrys sixty billion in bond debt despite the rot in the domestic economy the countrys central bank has been considered a reliable bond issue were always paying on time as recently as sunday president Nicolas Maduro said his country would never default his Communications Minister making clear where the government places the blame. For a year say he needs to be refinancing for venezuelas foreign debt has begun in a coordinated manner. We are clearly overcoming the siege at the trumpet ministration National Assembly president julio baugus and other representatives of the right in venezuela are attempting in venice where. The fabric of Venezuelan Society is beginning to tear a few months ago the u. S. Imposed sanctions on venezuela the e. U. Has followed suit with a weapons embargo and travel restrictions on some government officials desperation is mounting economists estimate venezuelan inflation is running as high as seven hundred percent food and medical supplies are scarce as the country scrambles to save money. Ninety five percent of its exports are crude oil imports an overwhelming majority of its food and so. Things that are immediately when imports are slashed. Investors are demanding a default declaration for the state oil company p d vs a to do to its own financial mismanagement a country practically swimming in oil is now drowning in debt. All right its a dramatic situation there want to analyze with our financial correspondent at the New York Stock Exchange so fishermans q hi sophie good to see you in these troubling times for venezuela now as we just heard president Nicolas Maduro said that his country would never default and it is true that weve been talking about been a swell of being on the brink of bankruptcy many times for many months or even years and it hasnt happened so why would it be different this time. There were any other thirteen we dont like the limited transparency that is going on right now but it is important here to say one thing venezuela really did not the fault on over a billion dollars in principal and Interest Payments but of course it is at risk on wednesday the minutes to really an all giant p. T. V. Is a cap that the Coupon Payments for its twenty nine thousand and twenty twenty seven maturing bonds were in the mail the government also says that the Coupon Payment for the event to allow twenty nineteen and twenty twenty four months on that way so at this point bond holders have not every to demand immediate payment principle that is the key thing to watch for i would say that the market things ive been through a lot will eventually service that though of course the risks remain of course we will watching them closely now adding to the problems of an as well as certainly as the oil price which we saw drop today what is causing that drop. Yeah well there are still a lot of concerns out there about the output and the mess its all over supply caused by the United States for example the opec have been trying to cut production but the United States for example are not part of this organization so they keep drilling and fracking and flooding the market through reason weekly biggest show us pumping new all time high level so he has of rising us output a real and on top of that there comes an oversupply of the men so wall street just got down the forecast for demand growth and some end of even say that minutes away last slow moving collapse should add on to that so fishmans here in new york thank you very much the European Union parliament has overwhelmingly approved legislation to protect e. U. Industries against excessively cheap imports from non e. U. Countries it also allows investigators to consider environmental and labor standards and countries of origin when setting import tariffs the law is chiefly intended to offset the consequences of granting china market economy status which will make it more difficult to prove illegal trade practices by beijing china has been criticized for undermining global steel and solar panel markets. And we all hate traffic jams but if you think yours is annoying look at this one at the mongolian chinese border. Thousands of trucks lining up along the unserviced roads of the gobi desert coal is back in demand especially in china imports from the neighboring country of mongolia quadrupled in the past six months along the borders however havent caught up with demand theyre understaffed and drivers are waiting for up to week. I have nothing to do except to wait in line in my truck. I try to distract myself from getting bored i cook and so on its very boring a micro economy has popped up around the coal caravan meat cigarettes petrol hawkers are supplying the suffering drivers. The route through the desert is dangerous especially at night its easy to accidentally steer off the road but often alcohol is the cause. Of this job is very risky of life threatening but we have no other choice we have nothing else to do. The once a booming state of mongolia has slipped into economic crisis the country stood on the brink of bankruptcy earlier this year that compounded the pressure to quickly process exports to china yet theres no improvement in sight in fact fear that smugglers will try and enter the country has led to even stricter checks and jews are dwindling finances the building of a rail route has now been put on ice it seems the only ones who can move on hindered around here are the camels. And why its why there is other means of transportation like thailands iconic longtail boats those might now get quieter and more environmentally friendly. They might be iconic but they can be quite a nuisance as well on bangkoks canals and floating markets longtail boats are not only a familiar sight but a familiar sound as well. David hunter and his team want to change that today theyre trying to convince the local authorities that going electric has many upsides brought one of their test motors along after all proof of the putting news in the eating. I mean most peoples mind when they switch from a combustion to an electric is how long will my battery lasts. But i think for areas like this where. You dont go too fast an electric motor can go all day without recharging so i think once people get to understand it and feel that anxiety they had before or quickly be taken away. Before they can go for a piece in the conventional motor needs to be removed and the much like to talk you know engine is mounted to the boat you know only takes a few flicks of the wrist. Thats not first mr true on the local boatman doesnt seem to trust the three horsepower drive. But the slim engine provides all the thrust he needs. At this now you have like ten kilometer range. But you got me all day long in this world or traveling. After a few minutes initial skepticism gives way. Not like mindless motor definitely has enough power and its so easy to use you just turn the handle. Thailand Tourism Authority is already on board. With the new technology. Back they dont have any Noise Pollution or never been environmental and also i think its really good for the peoples around get to because they quite happy about how the thing is. And will be will be very high profit for tighter as an industry. Provided the investors dont shy away from the costs of two thousand euros the retail price for this model is about ten times as much as a comparable Combustion Engine its peace and tranquility however is certainly priceless. Thats all for this edition of. Next time or any time dot com by. United against climate change. Challenges for the twenty third u. N. Climate conference in bali. How were nations working to meet their Paris Agreement targets cop twenty three this week on t w news. And i think one day this war will be considered. A cruel and unjust war but it also should and certainly all citizens a grain every man woman and child is she not the only friend their homeland of the enemy invades. No one wants russia here dont need the nuke which is the. Rebel against the mighty global news that matters. D. W. Made for mines. They make a commitment. They find solutions. They inspire us. Africa. Stories about people making a difference shaping their nation. And their continent. 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