after a series of small but damaging earthquakes the netherlands says it's grown in gas field is too dangerous to exploit will be shut down by twenty thirty threatening supply bottlenecks in neighboring countries. two hundred years ago on friday the founder of the co-operative movement of credit unions was born aimed at easing the plight of poor german farmers the idea has spread across europe and the world. have an hour calls for calm after the government says it's withdrawing the currency tourists use on the island. also coming up uganda is taking one of the most difficult routes to revive tourism the country is considering restarting its national airline but some economists warn that the financials of the idea won't fly . undone the winter while come to your business update. an internal company memo from facebook that has surfaced as caused major embellishments of the company one of those social media giants top executives wrote so we connect more people maybe

it costs a life by exposing someone to bullies maybe someone dies in a terrorist attack coordinated on our tools and still we connect people to facebook critics say the internal memo shows that the company is willing to do anything to grow c.e.o. mark zuckerberg says he doesn't agree with the content and it doesn't reflect what the company does but the author of the memo also tweeted that he only shared it to be provocative but at a time when facebook is under increased scrutiny those responses may do little to quell criticism against the company. the netherlands was hit by the strongest earthquake in years in january the government has put the blame on the groningen gas field but it's europe's largest and now authorities will slash production that's easier said than done not only does holland hold lucrative contracts to supply neighbors but ninety percent of dutch homes use groningen gas what the

groningen gas field is going going gone. or at least on its way out the plan for now is the scaled down current production of twenty one point five billion cubic meters to twelve billion but the long term goal is to shut it down entirely by twenty thirty. but the ordeal of us acted judgment was that it's really not savings even at the level of twelve billion cubic meters so that means action had to be taken with your payment moderation name and although the majority of dutch households use gas from the field burning and residents have called for the end to production there as the low level tremors that caused damage upon homes schools and farms think field has been operating for more than five decades its closure will involve major efforts to supply covered this includes a five hundred million euro gas generation plant as well as a campaign to promote more electricity use in dutch households. friday mav the two

hundredth birthday of the high five the german who founded the rural cooperative movement of credit unions by fisons co-op banking model has since spread to many of the industries that are still in use today. these two families a members of germany's oldest co-operative in one thousand nine hundred eighty their forefathers banded together and started a cooperative that built and operated a flour mill one farmer could not have done it alone. in the grain from our region the old mountains is very coarse it was difficult to sell to nearby dresden there was very little profit so they said we need our own mill so we can process the grain and then we can make the bread as well. as. the mill and the bakery have ensured a thriving business for the farmers for many years now some seventeen businesses are now part of this successful cooperative. the idea of the cooperative goes back

to free trade vilhelm hif than in the mid nineteenth century he promoted it as a way of overcoming the poverty faced by farmers in his region best of. since then the idea has spread to other parts of the economy new industries like sustainable energy have also adopted the model most cooperative work on a majority rule in spaces this can have this a regardless of their stake. in the continent both the small when decisions have to be made to get everyone's opinion has equal weight. that applies to the world's largest co-operative mondragon in spain it has around seventy five thousand members eighty percent of whom it joint owners as with any business cooperatives like madra gone can suffer in times of crisis but because all members have an equal say they usually avoid mass layoffs so. it's still a private company it has to be profitable but the number one goal is always to

support the members so there are always two sets of objectives to consider economic objectives and social ones. for co-ops it's not just. about the bottom line. and maybe that's why they often outlast private companies that are generally profit driven. if you've ever been on holiday to cuba you've probably paid for goods and services in so-called convertible pesos but that's not the currency that locals use for the same goods they pay in regular cuban pesos president raul castro wants to phase out the two currency system and that's causing worry among many of his people. the run on local currency exchange places called cut the cost was so strong cuban t.v. saw the need to broadcast an official bulletin from the central bank and the us in the last few days the number of people seeking to change c.u.

sees to pay sources at bank offices in ca take us has risen this is due to the false information that in the next few days the u.c. will be withdrawn from circulation as part of the monetary unification. and if you've got your monica the government says the see you see the convertible currency commonly used by tourists on the island is here to stay for now anyway but back in december cuban president raul castro said he wanted to see the convertible currency become history castro will step down as president on april nineteenth and many cubans feared he would abolish the currency before leaving office. the klan think oh no richard branson once quipped that if you want to be a millionaire start with a billion and then launch an airline well uganda is hoping that that doesn't happen to them they're investing four hundred million dollars to revive their national

airline the aim is to boost tourism and attract foreign business but economists are warning the government against the risky investment. uganda entebbe international airport is a busy hop. over one point five million passengers go through here a new id. the numbers are growing and government once a potion aboard the state owned uganda airlines that it is trying to revive i think what government is now doing is setting up a fully fledged world class company that's going to look at things like human resource like. airplanes like landing facilities like. engineering facilities grown hundred. more in the business says how is this company would be managed uganda airlines was one of uganda's major post-colonial investments founded in one thousand nine hundred seventy six. the airline operated

successfully until it got heavily indebted forcing its liquidation in two thousand and one. plans to restore it a strongly criticised uk home. so running an airline's want easy it is one of the difficult. companies. corporations or whatever you want to call them to run you will require very tough and very experienced people and no politics should go into running any other. it must be run strictly on business. the government hopes to boost tourism with a national caria. but economist a questioning the timing for the four hundred million dollars investment that coincides with a heavy public expenditure. that is struggling amidst declining revenues so even if

you had such an idea that i want to start my airline industry is the time to rethink the taming and i think the major driver of this is sentiment so i think the sentimental things need to give way to logical thinking over the business case and i'm going to put that on the table the idea for you would not sustain itself. according to the international air transport association the african obviously an industry is worth about eighty billion dollars an employee's close to seven million people. but commercial of the ocean has not been profitable for many governments struggling to stay in the skies. this has left africa airlines more than seventy percent of routes connecting the continent to the rest of the wire. tesla is recalling one hundred twenty three thousand of its model s.

. making it the company's biggest recall ever. built before april twenty sixth the problem is. the power. company says those bolts need to be replaced in a retrofit. private space transportation company space x. launched a rocket carrying ten new satellites into orbit from california the mission is part of a three billion dollar project that will replace the world's largest commercial satellite network. c o e long last wants to revolutionize spaceflight by making rockets usable much like commercial planes. and more efficient however this is. going supersonic.

for your business. and also. new business for me. thanks for watching.

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