Even more dire as government assistance only gets through in drips and drabs. I want to get jones welcome to do business asia and we start with the latest escalations in the strait of hormuz where to oil tankers were attacked earlier today one of them allegedly hit by a torpedo the brant crude price has been volatile since the attack hitting over 62. 00 a barrel immediately often use of that attack emerged the strait of hormuz is one of the worlds most strategically important choke points along the coast of iran almost a 3rd of all Liquefied Natural Gas and almost 20 percent of Global Oil Production has to squeeze through here to escape the persian gulf and get out into the well its. Often more on the impact there on all markets so were joined by early bazza Financial Market correspondent in frankfurt only whats this latest incident mean for the oil market. I think its too early to tell what it means in the medium term
in the long term talk to an analyst and he says the Immediate React
Google deals a blow to huawei the chinese Smartphone Maker loses access to critical features of googles Android Operating System well hear what consumers have to say. Also on the show start ups try cutting in on the highly competitive razor blade industry. And bangladesh wants foreign inspectors out of its clothing factories well tell you what the countrys Supreme Court says. Welcome to your business im Stephen Beardsley in berlin thanks for joining us google has barred the worlds 2nd largest Smartphone Maker huawei from using many of its products its a big blow to the Chinese Company last week the Tropic Ministration limited the amount of business American Companies can do with while away googles move means while we now loses its license for the Android Operating System and for popular google apps such as google play g. Mail and you tube. There is dismay in europe at the news that many google services
will no longer be available on who are with smartphones in rome businessman argue op
Argentinas new Treasury Minister acts fast to stabilize the beleaguered peso selling dollar reserves in a much welcomed move but can he solve the countrys underlying problems including its massive pile of debt. Also coming up its legal bills are mounting now german heavyweight buyer is selling its Animal Health unit to free up cash. And fasten your seat belts singapore is getting ready to launch a trial itself driving buses. This is your Business Report im stephen bears in berlin thanks for joining us argentina welcome to new Treasury Minister on tuesday and on the coons it wasted no time in dealing with the countrys fragile economy Argentinas Central Bank auction 112000000000. 00 u. S. Dollars from its reserves to stop the countrys peso from falling markets welcomed the move but more remains to be done. Its looking increasingly likely that the
president ial palace in buenos aires will have a new resident in the near future although the current president Mary Snow Mccree has just appoi
Im going 1st of all and lets do business whos in charge when it comes to drilling in the Worlds Largest enclosed see the mediterranean ever since trillions of cubic meters of natural gas were found off cyprus a dispute over ownership has been bubbling away between cyprus turkey and greece they all claim drilling rights the spat is worth billions of euros geologists say the deposit could hold as much as 3 and a half trillion cubic meters of fossil fuels a windfall for Energy Industries here in europe the area off the south west coast is especially contentious the European Union says only cyprus has the right to drill there but turkey is also state the claim sending several ships to hunt for gas the e. U. Has responded with sanctions which calls worthless. A warm welcome for turkeys top diplomat hes in North Macedonia on a state visit. But the e. U. s recent decision to slap turkey was sanctions over on
koreas ongoing gas conflict with cyprus cast a long shadow over the meeting and the T
D. W. B. You learning course because. I am. I am. This is deja news coming to you live from berlin a knife wielding attacker kills 4 Police Officers in the heart of paris the assailant reportedly went on a stabbing rampage inside the citys Historic Police headquarters before he was shot dead megan live update from the french capital. Also coming up germany celebrates relief a cation day chancellor Angela Merkel says the process has been
a success but theres still more to do to 9 years of the german reunification it also means being aware of the fact that many of the eastern germans have said they feel like 2nd class and. Medical herself is originally from Eastern Germany could she have done more to bridge the divide. And british Prime Minister Boris Johnson tells parliament his new groups of plan is the last chance to get a deal its now under debate by lawmakers. Hello and welcome. The marrow of paris on her dago has confirmed that 7 Police Officers have been killed in a knife attack a