Emmanuel michel who played a key role in mediating the fallout from his shop decision to resign on november the fourth. So when are more news in just under half an hour next counting the cost looks at venezuelas default and the rise of bitcoin in zimbabwe do stay with us for that more news in just a bit thanks for watching. Within. The law and has some secret this is counting the cost on aljazeera your weekly look at the world of business and economics this week venezuela and defocus the oil rich country fails to pay its debt well look at what happens next and what it means for its people. Also this week caught in the middle of a bitter saudi iran rivalry lebanons economy getting squeezed why that matters for the region. A military intervention in zimbabwe but will anything really change for the countrys ailing economy. With. So Oil Rich Venezuela always pays its debts even at the expense of its citizens thats been the mantra for so long in this latin American Country that lenders have
Has a secret this is counting the cost on aljazeera your weekly look at the world of business and economics this week venezuela in default as the oil rich country fails to pay its debt well look at what happens next and what it means for its people. Also this week call it in the middle of a big test saudi iran rivalry lebanons economy getting squeezed why that matters for the region. A military intervention in zimbabwe but will anything really change for the countrys ailing economy. So Oil Rich Venezuela always pays its debts even at the expense of its citizens thats been the mantra for so long in this latin American Country that lenders have just kept lending but this week everything changed venezuela is now officially in default for the first time its past the grace period to pay up on two government bonds and one bond issued by the state owned oil company now as more payments are due it is facing what could be a messy financial unraveling and that spells bad news for a starving popu
Closer to taking over the irish carrier. No signs of a nuclear deal in vienna. Iran maintains its red lines must be respected as iran is prepared to lift sanctions cannot be found. So welcome to the show. Breaking reports from iea. The International Energy agency. Crude Oil Prices Fell to the lowest in nearly three months. We know they say the oil price pressured by rising supply and financial turmoil in greece and china. They say demand growth appears to have peaked in the First Quarter of 2015. They cite factors like greece. Not only with a greek grexit curve oil demand but it could dampen deliveries if turmoil were to spread to other countries but the big headline is iea saying it may fall more around the world. On the demand side two curveballs in terms of greece and iran. Greece to the downside iran potentially to the upside. On supply they say that all supplies surged by 550,000 barrels in june and opec in particular increased because of record high output from iraq saudi arabia
Political revolt inside parliament as rights ramp up outside. Ramping up the military. Dont like the way theyre forcefully passing the bills using words like peace and cooperation i feel like theyre trying to deceive us. Japan and its politicians. Fruits of conflict. After two decades of war in somalia, hope, bananas. Good evening im antonio mora. This is al jazeera america. We begin tonight with the white houses Strong Defense of the nuclear deal with iran. In an hourlong News Conference today the president argued in favor of the historic agreement saying it meets the National Security interests of the u. S. And its allies. He also challenged critics to present a better alternative. The agreement is facing bipartisan resistance on capitol hill. Republicans contend it legitimizes Irans Nuclear power. Any kind of nuclear deal, to washington now and National Security correspondent Jamie Mcintire who has more of the president s defense of the nuclear deal. Jamie. Antonio, president obama
Francine welcome to the pulse. Live from bloombergs European Headquarters. And francine lacqua. Manus and i am manus cranny. We are joined by ubs senior economic adviser, George Magnus. Francine frances secondbiggest bank has posted its second its second its biggest profit since 2007. Manus she spoke exclusively to the banks ceo. This performance driven by trading. The capital is building as well. Investors like the story of the decision this morning. The shares are opening 9 . They like they say it they like the story of cost saving. Nextillion euros for the two years. Of capitalhe raising targets. Their ratio came out for the second quarter. From 10. 1 last quarter. They are planning to raise this target to 11 by the end of 2016. I sat down exclusively with the ceo and asked 10 how he could explain his performance in the second quarter. We actually have a strong set of results across the board. Close to 9 organically. We also have lower cost of risk. Underlying profitability of 10. 3