are deeply affected because of war we meet with global newsmakers and talk about the stories that matter how does iraq. hello i m come on santa maria and this is counting the cost on al-jazeera your weekly look at the world of business and economics this week boiled united states has declared zero tolerance of anyone buying iranian oil so as the u.s. slams the brakes on oil exports from the islamic republic we ll look at the spillover effect for the global economy also this week the secret world of high risk money lending there s been a boom in loans to poor countries in the past decade we ll see how the people there could be at risk in our case study from mozambique plus unbreakable glass mysteriously shattered and a sting operation to catch a spy that s how competitive the world of mobile communications has become the vested interests and players jockey for control. so we re looking at the oil markets this week one of those economic factors which affects almost everywhere i
administration so based on the are waiting actually two well today s may second but if they re waiting to see that how much actually iranian oil supply is going to be excluded from the market how much iran can smuggle or sell informally and if u.s. government would come up with some sort of sanctions some sort of waivers formally or informally so they would wait and see how much actually iranian oil supply is going to be removed from the market and then act accordingly to manage in the market and substitute iranian oil but it only takes one event to spook the markets only a week or so ago russia had to tell europeans that the oil pump through a pipeline was contaminated you look at the other unpredictable things that are going on right now in libya and in venezuela is there going to be blowback here for the united states and the president trump it s a very very good question because even if we have saudi arabian opec covering for iranian oil again most of this substitution wo
degrees at this stage plenty of dry weather across the southern parts of australia for monday sixteen celsius in melbourne and eighty in sydney. on council because this week trump the world economy shutting down the wrongs ability to sell oil. indestructible phone screen about trying these tech giants of the f.b.i. state. will talk to the inventor at least suspects this technology slowly counting the cost. we were. going. out when we were. watching al-jazeera let s recap the top stories right now israel says at least ninety rockets have been fired into the south of the country from the gaza strip and response israeli warplanes have also bomb targets in gaza ministry of health and gaza says one palestinian has been killed. at least twelve people have been killed in bangladesh after cycling funny hit early on saturday more than two million people have been moved to higher ground now the storm has weakened it blew in from india where at least sixteen people were killed weapons e
foreign policy is thwart with danger after ripping up a nuclear agreement with teheran trump is forcing china india and turkey to end imports of crude from the islamic republic trump is gambling that there s an hour for oil from the u.s. saudi arabia and the united arab emirates to fill the void but global supplies could be up ended by events in venezuela and libya meeting that trump is pushing the world s economy to the brink we ve got three reports for you from beijing catrina you on beijing china is iran s biggest oil but it s entering another round of trade talks with the u.s. and from the straits of hormuz in basra the reports on iran s plans to block sea lanes but we start with mike hanna in washington on saudi arabia s role in the u.s. foreign policy. it was a surprise to many when president trump chose riyadh to sit destination of his first international trip in office but two years on it s clear this was more of a signal as to the central role saudi arabia would play
a lot made to join us from kuala lumpur thank you so much for your time and still ahead on counting the cost why musicians at iraq s national symphony orchestra are trying to hit the right note. right now though the battle and it really is a battle over the next generation of mobile technology on the one side you ve got china s huawei love for its phones but feared over a perceived threat of chinese spying which the company s always said is totally untrue and on the other side the likes of australia canada denmark new zealand of the us who ve all banned the company from their networks but in the us there is a really curious tale of his involving while away a u.s. stocks up some so-called unbreakable glass and an f.b.i. sting operation john hendren picks up that story now from goni illinois this is a story about a small american technology start up a giant chinese conglomerate and industrial espionage. it starts here in illinois where adam kahn formed a company a con semicondu