factory is now up and running. but with only five thousand cars to roll off the production line for now. doing it and. searching for a place to park all its causes. emissions test a good. airport here waiting to be filled also coming up the green light for disney entertainment giant is one step closer to taking over a film studio fox the department of justice. i'm this is your business update. on has opened a new factory in rwanda for v.w. facilities on the continent following in the tire tracks of south africa nigeria and kenya but the german car maker came to rwanda not simply just like vehicles but

to try out a new strategy. and right having services as well. some finishing touches just before president. arrived to launch the first ever car made in rwanda or at least assembled here with parts from south africa. creating industries something you want to build. a brand you can actually find the right conditions to be able to say it's a very good story and i'm very excited about folks thousand pounds to build up to five thousand cars annually in rwanda creating a brand new jobs. the twenty million dollar investment as part of the german carmakers expansion into the sub-saharan markets v.w. won't only be selling cars but mobility to. africa the total population is

what probably about one point two billion people at the moment of the one point two billion billion people you have maybe one hundred million who can afford a new car if that number twenty thousand dollars plus minus to buy a vehicle however there are millions and millions of people who have a few dollars in the pocket and need to go from a to b. . stock conceives rwanda is a business focus country with a tech savvy youthful population rwandans will soon be able to book and pay for car sharing and right tailing options via their mobile phones the op wasn't developed by an international tech giant but by everyone didn't start up. with test six months working night before this app and today it's it's really we're really grateful very happy very proud of the products have been able to deliver on your very proud of the feedback to have got so far the mobility concept aims to address some of rwanda's transportation and congestion problems as he galley grows

traffic jams have become commonplace to get around the city people often hop on the back of a motor taxi. it was a bit of time with traffic it actually affects their productivity as a business with the videos and so this solution of sharing on. cars is a very important component of helping us money and what we're trying here is not just an experiment for one boy it's something that we believe could be the key for for many countries in africa to create demand and industrialization with that as a small country rwanda doesn't present too great a risk for b.w. but the investment could mark the beginning of a new journey. answers and across this reporting from technology in rwanda suzanna just five thousand planned for this first phase as we heard at all of the parts are important is it still worth getting excited over. yes you are right the car scam as so called completely knocked down kits from south africa to run and they have to

be assembled in the country to then become the new car that will be sold here in the country but you have to consider that this is the. folks wagon has to begin from scratch here and rhonda there is now automotive industry and so now and that is how folks work and also started over twenty years ago in china so they have to get started at one point that's what thomas schaeffer told us today at the event if you want to believe in the future you have to start at one point and they consider the sub-saharan african market and merchant importing important market so yes it was an important day for folks wagon it was also an important day for one which was shown by an incredible media coverage but also the president come to came to attend the opening and to give us at the new facility the first steps on a much longer journey but what does full get out of the venture why i go to rwanda

what what are they getting out of. for one for fuck's wagon run as a test run for a new mobility solutions so folks wagon knows they want to do things differently on the african market they also have to do them differently the objective is not to build cars for everyone but to find and provide mobility solutions so folks we're going to now the first car maker on the continent to implement such a strategy right hailing and car sharing concept in africa and maybe kigali is just the right spot for it kigali is a one point two million and have been inhabitants capital city and they decided to experiment here with for the first time one hundred and fifty cars that they will use for right healing in legless in nigeria if you would try the same experiment you would maybe need two thousand cars and that would be a much higher risk right surreal and quite interesting to foreign across thank you

very much for that i'm back in germany it looks like diesel gate is called a supply chain so unprepared for the amount of emissions testing required they're renting vast swathes of parking space above unfinished you airport. a much delayed airport losing money by the day and i'm baffled car giant in desperate need of storage space two national embarrassments that have however implausibly come to a mutually beneficial arrangement berlin's future airport has to store thousands of fog cars as they await new emissions tests so the idea of going down. is if it means that berlin takes in more money which can then be used to refinance the airport then i'm in favor of it being used as a parking lot for v.w. . it will take a while before the airports ready and there's enough space so why not make use of us. on. the diesel emissions scandal forms the backdrop to the

story from september first vehicles that haven't passed tough new emissions tests won't be allowed on the road b.w. has been busy money factoring cars designed to pass the tests but since so many of them haven't been given the green light yet it's now facing the problem of where to store them in the interim delivery of some two hundred fifty thousand vehicles could be delayed as a result. bibles dime learned b.m.w. are ahead of v.w. with several models are already approved for the delays are partly due to complications of writing from the emissions scandal has put the air force the far she's now hope it will open in twenty twenty nine years behind schedule. so let's leave cars behind now look at some movie magic walt disney has been given the go ahead to bid for assets belonging to twenty first century fox and you trust regulators did lay down some conditions though ordering disney to sell its regional

sports networks within ninety days a bit more than seventy billion dollars is for i think the f.x. network and the studio that houses the x. men franchise. and market superhero now you're watching this from wall street so yes regulatory approval a big step of course and the takeover so is this a done deal. not quite definitely got the big step closer to actually do the biggest acquisition in walt disney's history they have been on of buying spree they bought the superhero loaded marvel entertainment french they've bought lucasfilm and with that the rights to the star wars empire but there is still a chance that cable operator comcast actually could try and come up with a higher bid or regionally in december disney put down fifty two billion dollars on

the table then comcast actually said they're going to pay cash sixty five billion dollars now we are at a good seventy one billion dollars so it's not a done deal yet but disney did get as their closer and the stock was well not down as much as the broad market ok in oil has hit its best closing price since twenty fourteen does this mean big bucks for us shale oil or is a sign the country isn't producing an awful who knows even both. well i mean one thing is certain that the demand for oil is still pretty high and then with the announcement of possible sanctions if countries import oil from iran starting november is causing some turmoil on the oil market oil was already up quite a bit this session and now on wednesday we hit as you mentioned the highest level since two thousand and fourteen well the u.s. is exporting

a record amount of oil but the problem with oil is oil is not all there's so many different varieties and you can't just replace one oil by the other and then by the way there was also news that saudi arabia is thinking about to actually pump eleven million dollars of barrels of oil a day there would be a record but still prices are reaching a year highs so the bottleneck in oil is tightening but that won't remain that way for long guns quite a thank you very much for european soft drinks makers are running out of fear is a shortage of the industrial carbon dioxide that puts the bubbles into be as soft drinks as left pubs and supermarkets struggling to meet demand the c o two is obtained as a byproduct of the manufacturing of fertiliser but then we can market for the cultural products is that to a decrease in the bubble enabling substance the timing couldn't be worse and the parts of europe have been enjoying unseasonably hot pleather since may triggering

a surge in demand for complex drinks. it's time for a last sip of all of the old business update today don't forget to check us out the only social media with plenty on that i'll be back tomorrow with more of the same time same place chelsea the.

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