so we reach a peak at starbucks think again nestle pays the u.s. giant seven billion dollars to sell its coffee and home. or so coming up the red grape wine made from. everyone is going down a treat. this is your business update i'm going home for good to have you with us now if you thought starbucks coffee shops where everywhere is definitely no getting away from them now the swiss food giant nestlé best known for its to coffee coffee nest cafe has struck a make a deal with starbucks buying the rights to sell the company's products for more than seven billion dollars. coffee has a record lee growing market and the competition is fierce nestle hopes this make it alliance with starbucks will reinvigorate the brand the swiss food giant will pay for the rights to market and sell starbucks products outside of starbucks chains like in restaurants and supermarkets this unit of the business currently generates

starbucks around two billion dollars in annual sales mislay will pay around seven billion u.s. dollars for the rights the u.s. is the second biggest coffee market after the e.u. with a share of sixteen point three percent nestlé has announced it will take on five hundred starbucks employees who will continue to manage the business from the u.s. and the coffees won't be affected regulators still have to approve the deal. let's get more on this now with our financial chorus one of eighteen new york yes court again of course starbucks coffee shops are literally everywhere where you are how are those caffeinated traders reacting to the news. well wall street still remains to be quite skeptical and the stock of starbucks was under a slight pressure most of those seven billion dollars what is a lot of money will basically go right back to investors was

a mess of share buyback program so it's not the most innovative innovative way to spend money and then old saw stocks wants to invest in the u.s. especially in the afternoon to get more customers in the stores of that's going to work or remains to be seen and maybe one word old so to nestle they only have a market share here in the u.s. of about three percent of the package to a coffee business so there clearly is that to get to food to get a better feel for toll here in the united states but when it comes down to starbucks starbucks there is some skepticism regarding this deal and we've also got markets rebounding at the moment yes what's been driving that well i mean one of our technical factors so we saw that pos thirst they went to one point blue chips lost almost four hundred points and we crossed a crucial hundred day everett and then we rebounded from that mark we had

a very strong reading on friday was another update of about three hundred points and also here on monday the market started it was a solid increase of a good two hundred points we had energy stocks in. oil prices being the west texas intermediate oil prices here in the united states for the first time since november twenty fourth teen reached the crucial seventy dollars mark per barrel but then we got word from the white tells that u.s. president donald trump is probably going to announce his decision on the iran deal on tuesday and that moment we lost a little bit of steam when it comes to the price of oil and also the biggest gains here on wall street were gone. almost straight to the ends quarter thank you. the future of air france is on the line a strike is pushing the airline on the brink of bout bankruptcy the c.e.o. has resigned in the government says it won't step in and all that seeing shares closed almost ten percent lower on monday. yes the strike is biting hard

on monday and fronts union members walked out for a fourteenth day ignoring warnings that they could put their employer out of business the dispy just cost the airline three hundred fifty million euro so far. many crew members don't agree with the union though they showed up to work and helped air france avoid an all out disaster with the majority of flights able to operate. and then we could carry on we like our customers we don't want them to go to the competition and we want to get out of this slump. this slump refers to the airlines chronic problem while british airways and of tons of have already undergone heavy cost cutting air france like behind in restructuring the current strike about pay increases isn't helping. c.e.o. shell marks and i accept down on friday night after work at rejected a wage offer of seven percent over four years. thirteen days of strikes and more than two months of conflict if we can dare france putting in jeopardy its

performance and its future this is a huge waste that can only make our competitors rejoice and make our alliances more fragile and disorient our teams. the strike is yet another headache for president manuel michel as he attempts to revamp france's economy for him wage restraint and an end to special privileges are key to creating a more flexible workforce but the unions think they've got the upper hand. we want our new president to be open to dialogue. we're asking for a much more open mindset and sharing in social dialogue. the dialogue may not help much given the precarious state air france is in. the. air france still suffers from an economic disease a lack of productivity and stiffness verticality in the management it's a company that has to adapt itself to the market to the constraints of the. market into consumer expectations for it was that on the. as the strike

continues more flights are set to be cancelled and as air france's bottom line weakens so does their ability to meet wage demands. well if you enjoy a glass of red wine you'd usually expect a drink of choice to come from red grapes but what about red meat wine while a rwanda one yup well woman is making red wine out of beets which grow well their business is booming and orders are coming in from abroad. the wine making rwandan style instead of grapes they're using beetroot and it's ripe for the picking the whole family helps out twenty eight year old and sometimes one came up with the idea when she was unemployed and looking for a job. i became friends with a german who knew how to make wine i told him i was interested in wine making so he

taught me how it all happened over skype once i learned enough i started to experiment with beetroot and pineapple wine and you could get into the show could ya i can understand. the beetroot is cut into small pieces and then boiled. and then it's like to ferment resulting in a red wine with eighteen percent alcohol. it's important to drink has the right to roam and flavor. ok yeah i have a wide range of clients. for example wedding planners or other event organizers i can't keep up with the demand i get so many orders. most of my clients come from the democratic republic of congo some of them buy three hundred bottles at once. about a thousand bottles go on sale every month costing the equivalent of almost ten years

each but the demand for a car is imbues so high she's planning to increase her production capacity with machines from china or sometimes wine has also gone down well with experts. thus orcus it it's nutritious healthy and the quality is consistent. they've been for so consistent. anyone who can afford the wine here serves their guests curtis indeed. she was issued. the wine is charming it definitely stands up to other wines i drink i had some after the food and it went down nicely it's a good quality wine we're proud to say that this wine is made in rwanda is why you will see before you finish it if you go up to the new. one then you. not only have the wine been well received it's even won a prize for innovation. whatever members or soon to be

members of the british royal family where media attention is sure to follow so when they feel safe prince harry make a mark or what a pair of welsh jeans to visit cardiff the company found itself swamped with a lot. the sleepy town of cardigan on the irish sea coast could be on the brink of an economic revival a local company which makes denim jeans has rocketed into the global spotlight after meghan markle visited cardiff with her fiance prince harry. underneath that coat the royal bride to be was sporting locally made denim the world's media noticed. national newspaper phoned us up and said can you confirm. is where. i'm. like that was a very cool moment for nearly four decades cardigan was home to a factory that made thirty five thousand pairs of jeans a week for u.k. retailer marks and spencer but in two thousand and two production was shifted to

morocco to cut costs overnight four hundred people lost their jobs here that's ten percent of the town's population. in twenty twelve david hyatt decided that cardigans existing skills base made it the ideal place to open a factory making high end jeans denims twenty employees make just one hundred fifty pairs of jeans a week the company now has a three month waiting list for orders. has given everybody like his confidence actually we can achieve the dream of getting four hundred dollars back. it may be no coincidence that michael wore hiatt jeans on her visit to wiles david hyatt is no one for sending free pairs to celebrities who he knows will wear them in the public eye but that doesn't mean the town of cardigan is any less proud of its homegrown small town jeans. that's what you're up

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