The question everyones asking so sordid investments saudi arabias image among Business Leaders is under question following the disappearance of a prominent journalist. Also on the program of the amazon of the Nineteenth Century after One Hundred Thirty Two years in business sears becomes the latest us Brick And Mortar retailer to go to the wall. And to the final whistle blew months ago mused residents of a small russian town wonder if the world cup expense was really worth it. For business on the w m how you know its good to have you with us when you first heard about the News Washington post journalist potentially being killed in turkey you probably didnt figure this would trigger economic turmoil but the case of Jamal Khashoggi is making some companies reconsider their Business Ties with saudi Arabia Riyadh is already walking a fine line and its International Relations but at the same time the country is
rolling out the red carpet to Foreign Investors for its latest financial conference. This is saudi arabia as it wants to be seen modern and open but with businesses pulling out of the future Investment Initiative that image is becoming harder to maintain. Allegations of saudi involvement in the death of journalist. Putting pressure on the kingdoms leader thirty three year old mohammad bin. If the face of saudi arabias Reform Story Its Investment Project and its openness to foreign investment. Billionaire businessman Richard Brown suspended negotiations to acquire a billion dollar stake in the side of the Space Venture Shares of japans softbank billions inside the suffering wealth are invested also suffered and the kingdom stocks and currency took a tumble after trump threatened severe punishment for any involvement in the disappearance or some analysts say the Economic Impact of
a deterioration relationship with the us could be significant. Possibility of sanctions on the you know the Flooding Sanctions around is no joke were talking about. Not only saw theyre talking about the region that were talking globally for even for the us itself there are a lot of for nations between companies maybe such as boeing and saudi perhaps other companies as well oiled companies definitely these ties will definitely be broken if that happens and the loss of jobs so the Unemployment Rate the economic toll that this could take is just beyond it is beyond expectations saudi arabia says it will be bullied as the Worlds Largest producer and exporter of oil it also suggested it could force prices up in response to any punitive actions against its a forceful response but almost certainly not the one businesses were hoping for. And the rounds Oil Exports Fell last month as businesses prepared for the reintroduction of u. S. Sanctions iranian president Hassan Rouhani downplayed the risks to the sector saying the sanctions will have no effect his comments come as iran grapples with an economic crisis thats seen its currency plunge to historic lows earlier this month the price of oil hit its highest points since twenty four teams. To the u. S. Now where serious the once dominant retail chain that changed how americans shopped and lived has filed for bankruptcy the One Hundred Thirty Two Year Old Company has been struggling for several years and is drowning in debt the final straw was a One Hundred Thirty Four Million debt payment due monday sears is among dozens of prominent retailers to declare bankruptcy in the amazon or. Think of sears as the amazon of the last century its mail order catalogs were a sensation introducing Many Americans to mass produced goods for the first time. Eventually sears became the largest retailer in the country and one of its biggest
employers sears helped transform americas Shopping Habits drawing customers in their cars to the fast network of Shopping Malls shooting up around the country in the one Nine Hundred Seventy s. But over the years sears has had more products than customers as it was outfoxed by specialist retailers which beat in price and convenience and it made a number of strategic errors including the acquisition of the ailing kmart chain its not me in the place where people have been buying lots of things for a long time in fact probably the decade when that decade ago when it came out in c. S. Merged i remember saying to start make a hole and its really been that kind of gradual dripping away of a business. Sears has been Closing Stores that are breakneck pace all year but it says it is looking for a buyer for the Seven Hundred that remain open. Many observers now say that even a bankruptcy will fail to save the once trusted sears name and that the company is
likely to follow a number of other recent us store chains into the retailers graveyard. For more im now joined by our financial correspondent at the New York Stock Exchange and its good to see you yes well lets see the options for sears is there any chance for the company to somehow bounce back under Chapter Eleven for example. Well Brick And Mortar is certainly a business that is not easy to be in but it is not entirely impossible to get out of this Bankruptcy Process some point what theyre trying to do right now is to get rid of as many as possible. Profitable stores that will be a good One Hundred Forty Store Closers just within the next three months or so or theyre already have closed about Three Thousand stores in the past seven years and that alone didnt do the trick good results of depend
a bit on one of the biggest shareholders and former c. E. O. Eddie lampert a Hedge Fund Manager who billions of dollars into sears but also he couldnt save it so it will also partly depend if he still will be willing to give spend more money so it is not impossible but its certainly not going to be an easy task and he ends the news comes in as the latest Retail Figures are also being published whats happening in the rest of the Retail Sector right now. Well its surprisingly weekend event for a second month in the role we saw in retail sales only increasing by a point one per cent and so maybe that is partly due because of Hurricane Florence sitting there southeast of the United States we saw especially sales of bars and restaurants but also in Department Stores dropping quite a bit overall analysts are still pretty optimistic that we will see
a pretty good Holiday Season with Unemployment Rate being almost at their lowest rate in almost fifty years since quarter on wall street thank you very much for the analysis. Authorities in germany are said to order a recall of One Hundred Thousand vehicles they were found to be equipped with an emissions cheating device similar to the ones used by Fox Mark This comes as open. Affronts raids in two locations a spokesperson for the carmaker has confirmed the raids but maintains the vehicles are in compliance with existing laws opener was sold from General Motors to frances p. S. A. Last year. And anglo swedish from a suitable giant us that a senate has suspended investments in britain due to the uncertainties surrounding brics it nonexecutive chairman leaves johansson made the announcement in frances newspaper the company has reportedly spent forty five Million Euros stockpiling medicine in britain and Central Europe to prevent disruptions if the two sides
failed to reach an agreement by march in a cynical companies have warned of Medicine Shortages in europe after breakfast. And the small town of southern skin russia is home to a Shiny New Soccer Stadium built for the Twenty Eighteen World Cup four games were played there but now the arena is looking like a costly White Elephant its not the first time venues for big Sports Events turn out to be a hassle after the lights go off. One last Training Session ahead of a key game Second Division surrounds playing at home against course if surrounds quins it would help the club stem its dwindling gate count hopes hear a pin down thirty seven year Old Striker Mohammad Chin who also captains the team. The course game is important to us. Top of the league right now on. The Training Ground and the new arena are only a few minutes drive apart its never far to anywhere in
a town of only Two Hundred Ninety Thousand people around us new stadium cost two hundred forty Million Euros moscow the region and the town shared the costs ahead of the twenty eight world cup the tournament left a legacy of modern infrastructure in its wake. County arena. To. Humans new and modern for players and spectators. We used to get fans at the games and now we get families with children coming to cheer. Is the. Syrians politicians were all for the towns world cup extravaganza they also drew up plans for the stadiums used after the final whistle. The same the world over is that about the stadium as a last make up its only used for soccer. But also has to be used for a range of cultural and sporting events exhibitions thats the only way to make a stand. On the. Stadium gates only open nineteen
times a year right now and only for soccer so many question the wisdom of all the expense. People here complain about the new stadium investment. Not the government they decide where the money goes they could have spent it on schools or hospitals they dont let us decide. Many and surrounds were happy with the old Soccer Stadium where the junior team trains a lot of those youngsters will be watching the professionals later in the new arena which office space for Forty Five Thousand spectators. But most of the seats are empty. And no one sat in the sponsors boxes either. Doesnt have enough companies for that things dont turn out well on the pitch either today or surrounds gets a hammering. Going over is if we play well away we only lose at home we only play
for our fans. Its questionable whether the town of surrounds will be able to afford its new stadium in the long term. Cut cut. Cut cut cut cut. Cut. Cut cut cut cut cut cut cut. Cut. Cut cut cut cut cut. From the movie. The fast pace of life in the
digital shift has the lowdown on the web showing new developments and providing useful information on the Wheaties Flames and interviews with makers and users. Should be next on g. W. Long way to survive its night just hide your identity. We are scared me or very scared me of the state and who knows me enough to hide from this hard against it or. Bangladesh what is the true face of the country look like. Freedom and independence a separation of state and church that used to be important but for decades political infighting here has hindered progress and islamist extremists are gaining more conflict democracy and the law are on shaky ground in discussion good notion
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