french for the five charged with financing terrorism accused of handing cash to the so-called islamic states the cement company denies part of the charges is it worth it. i'm daniel winter and this is your business update for the most serious allegations against a french company in many years cement supplier the far been charged with complicity in crimes against humanity according to one of the plaintiffs it's the first time any parent company in the world has received the charge it comes after investigations into their business practices in war torn syria lafarge is charged with paying almost thirteen million euros to jihadists including the so-called islamic state to keep a factory open in war torn syria

a plan to continued running long after other french companies had pulled out of the country investigators say the payments were considered a tax in exchange for which militants allowed free movement of the company's staff and goods inside the war zone the company's complicity in the terror group's activities were uncovered by human rights groups. the only company to remain in the region to spite the region being controlled by the us far she didn't take necessary measures to protect the safety of the employees of a syrian subsidiary people were abducted there were kidnappings there were murders also law forces suspected of having financed the i.a.s. and thus a terrorist enterprise. according to paris ordered la farge to hand over thirty million euros as a security deposit ahead of the trial it has charged eight former executives with

financing a terrorist group and endangering the lives of others far said it would take legal action to get the charges dropped insisting that the company as a whole was not responsible a company statement says that lafarge took firm measures as soon as they were informed and that none of the people charged is part of the company today amazon has long wooed shoppers with quick to livery bartsch with ever more customers wanting their purchases faster than before is having trouble keeping up at the same time the retail giant is trying to wean itself off dependency on logistics firms so who's going to fix the problem well you are that is if you fancy yourself as an entrepreneur. these gray vans could help ease amazon so-called last mile problem the number of online orders is on the rise and customers expect quick delivery to their door step. that's why the e-commerce giant wants to build its own

delivery services contractors can lease the vans from amazon and set up their own fleets for around ten thousand us dollars. we've got great uniform pricing we've got fuel contracts that people can sign up for we've done negotiations for benefits packages and insurance rates for both the vehicles and for their employees amazon claims delivers could see as much as three hundred thousand dollars in profits per year it's unclear precisely how amazon will pay the new couriers and they will not be permitted to carry packages from other companies amazon share in the u.s. e-commerce market is expected to rise to forty one percent this year speeding up its deliveries can only help maintain its leadership. and that's not all amazon shock trauma surgical companies on thursday by announcing the acquisition of licensed drug distributor pill pack to has more on this from wall street against m

is a now officially in the pharmacy business so what does the deal involve is it the first sign that i was in a swallowing yet another industry where the first glance it is the rather small deal and isn't as paying about one billion dollars that is a lot of money but not necessarily for amazon and pill pay him had a revenue. revenue of about one hundred million dollars but still peg has licenses for pretty much all fifty states here in the united states so yes it is a serious step closer to all thought be a big player in the pharmaceutical or in the pharmacy business so it is a big step for amazon so the licensing the crucial factor their competitors and their investors must be on guard after this announcement. yeah this announcement certainly sent shock waves through the stocks of the big go pharmacies saying go

walgreens for example they're just joined the dow jones industrial average on tuesday saw they definitely could have picked a better time that stock lost almost ten percent in value but also other pharmacy chains like c.b.s. all right got really hammered here in the thursday session and then also wal-mart had an interest in pill peg but they got outbid by amazon so although the stock of wal-mart under quite some pressure while the stock of amazon gained about two and a half percent it's not going to be easy to really control this industry it is highly regulated but it is a big step for amazon in this business and it's a bitter pill for the likes of walgreens and c.v.s. to thank you very much for that. china has been forced to defend its business record it says it's playing by the rules and has been busy carrying out reforms opening its economy to the world beijing as published

a white paper stating that it has carried out every promise made after joining the world trade organization and that's not just seems w t o member has economically suffered all lost out because of china's membership bucks the u.s. and the e.u. both accuse china of continuing protectionist measures including unfairly propping up a state owned companies ongoing ban on foreign investment and intimidating businesses . british oil giant b.p. is buying chargemaster the u.k.'s largest electric charging company it's reportedly worth around one hundred seventy million dollars and will enable b.p. to expand its charging network across britain expects the number of electric vehicles in the u.k. to search to twelve million by twenty four. welcome to grab a russian enclave slap bang in the middle of the baltic coast right now russia is hosting the world cup and callinan grad is no exception across the board russia

spent more than ten billion euros on the world cup on u.s. ports roads and venues kaliningrad has also splashed out and it's at this stadium costing hundreds of millions of euros where the england versus belgium match kicks off in the past few hours but when when all the city fans are gone will the expense of been worth it. these soccer fans are spending their evenings partying in the polish city of downscale and not one hundred fifty kilometers away in kaliningrad where their team's games are taking place there among many world cup tourists who've been priced out of hotels in the host cities in kaliningrad and night the commendation will set you back at least two hundred euros you can see why kaliningrad is keen to bring money back in this city stadium cost two hundred thirty five million euros after the world cup it will become the training ground for baltic kaliningrad a second division russian team. kaliningrad has

a population of around half a million the biggest employer here is the car maker after tour its vice president says the city is a good place for business. there's no crime pretty tax. no tax on companies no tax on land. and there are also the eighty exemptions those incentives may well be the reason b.m.w. is reportedly planning to set up operations in kaliningrad but while the city might be good for business for ordinary soccer fans it's simply too expensive. and talking about expensive sportswear giant added us is expecting to sell some eight million football kits at this year's world cup and that's despite each germany's early exit from the championship some outlets are being supported been selling germany shirts at half price the former champions humiliation is unlikely to have

too big an impact on business for us the german companies sponsoring a total of twelve teams six of which have already secured a place in the knockout round. and that's one thing on thursday which took the fizzle out of england's world cup celebrations and i'm not just talking about belgium but rather the lack of bubbles in the beer as a drink shortage in the u.k. as companies run out of carbon dioxide the timing could hardly be worse sweltering summer weather world cup fever england still in the running and looming over it all the prospect of a soft drinks and beer shortage. be sure to be right in the streets be specially if you're going to discover time to. really be away to the point of you know i just i don't know so it's something that's profits to not get

up to have. i think it's pretty you think about it being quite right how i would deal with the slavery of all. the c o two used in fizzy drinks is produced as a byproduct in the manufacturing of first allies or many plant holds production in the summer hence the current source and this year higher than usual demand has been added to the mix production of the bubble enabling substance should be back on track in mid july in the meantime some british soccer fans might have to make do with fitz free a il instead. well it's time for us to call time on y'all business for today don't forget to check us out on social media i'll be back with more tomorrow same time same place see that.

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