Saudi arabia is set to walk a tightrope over oil prices in vienna as opec ministers gather for a summit in the austrian capital riyadh will have to work out how to cut production and keep the u. S. President on side also coming up welcome to the city in china where big brother is watching you thanks to weak Data Protection laws and unfettered Artificial Intelligence at trouble in uganda the army is called in to protect chinese businesses who say theyre being targeted by local criminals. This is your Business Update on having a home for him but any glad you could join me ministers from opec member nations are gathering in vienna or ahead of a key meeting on the oil cartel on thursday most produces a that they agree on the need for
a cut in Oil Production without explaining how theyll turn that desire into a reality then theres the question of saudi arabia taking to twitter donald trump urged saudi arabia to refrain from output cuts in order to keep Gasoline Prices low for u. S. Consumer
Of punishment for initially withholding it. Saudi arabia is set to walk a tightrope over oil prices in vienna as opec ministers gather for a summit in the austrian capital riyadh will have to work out how to cut production and keep the u. S. President on side also coming up welcome to sharons end of the city in china where big brother is watching thanks to weak Data Protection laws and unfettered Artificial Intelligence and trouble in uganda the army is called in to protect chinese businesses who say theyre being targeted by local criminals. This is your Business Update on having a home free in berlin glad you could join me ministers from opec member nations are gathering in vienna are ahead of a key meeting on the oil cartel on thursday most produces a that they agree on the need for
a cut in Oil Production without explaining how theyll turn that desire into a reality then theres the question of saudi arabia taking to twitter donald trump has urged saudi arabia to refrain from output
He said the government seychelles tries to lose revenues with more aquaculture and tourism. This is the the view of Business Asia. As western economies are struggling to maintain growth asia is powering ahead in its latest Economic Outlook the Asian Development bank is forecasting konami growth rates of more than five percent for the near future driven largely by india and china but analysts say where this growth theres also risk the red flags might have been waving bravely at the beginning of march in beijing but the Peoples Congress that took place then focused at first on risks and problems Chinese Premier League kick young claims the United States for slowing growth around half of all his countrys exports to the us have now been slapped with tariffs. China is the largest economy on the continent growth there is now hovering around six percent thats lower than at any point
since one Nine Hundred Ninety and its having effect all over asia. Continent wide growth slid to six percent an
Announced it will stop exempting countries from its sanctions on by iranian oil from a second and anyone who still buys all from tehran faces a dispute with the biggest economy in the world the price of oil was already on the rise up thirty percent over the weekend after the news from washington the prize took a significant increase brant crude the Global Benchmark cost nearly seventy five dollars a barrel on tuesday the u. S. Sanctions policy is putting the Global Economy under pressure and is driving Prices Higher particularly in those countries that have benefited from the exemptions until now such as india. Indias economy is booming its g. D. P. Is expected to rise by seven percent and that Economic Growth is fueled by oil and so india is buying in large quantities from what iran is selling on easy terms iranian crude is delivered free of charge a fully insured and with a payment period of up to sixty days Excellent Service but who will be able to fill
the void. Thats what india an
Its seats 2 passengers and boasts a top speed of just over 20 Kilometers Per Hour so far its not for sale. And a reminder now the top stories that were following for you at this hour german media have published a secret tapes video allegedly showing australias vice chancellor promising government contracts in exchange for Campaign Donations for courting her said to show the leader of the far right Freedom Party christians are offering contracts to the woman posing as a wealthy russian investors. And in the United Kingdom the Opposition Labor Party leader Jeremy Corbett has ended brecks of talks of Prime Minister to resign main the 2 sides have been negotiating for 6 weeks effort to reach a compromise on the u. K. s departure on the t. V. Youre watching t. V. News coming up in the business u. S. Settles its disputes over trade with its neighbors puts the brakes on another one
with europe and japan well find out what u. S. President tom trump is up to. All that and more coming up next wi