why a car factory workers threatening to strike over cristiana rinaldo they're not. the bridge founds we'll tell you what infuriated these employees also coming up next door is all major chevron to pay billions of dollars in clean up please the country's indigenous population are unlikely to see is said. and done your winter and this is your business update work at a few a chrysler plant in italy will go on strike months that's because footballer cristiana rinaldo has just signed a deal to transfer to your ventus for a hefty price tag so what's the big deal about this big deal. these workers it's an italian fee it chrysler factory are angry the reason news of a costly football transfer christiane every now and always leaving rail madrid's to join you ventus two in critical of one hundred million euros it is an yearly family owned shares in both fee at and eventis employees say the owners should invest the

money in them instead that's why they've decided to strike. i was kept in fact i guess like a punch in the face for those working here for i've a full ten years yet we've received little money but for right now and there's money in it's a shame it's disgusting. others say the transfer is a marketing move. that costs a huge trees as you know but then yet the family knows how to do their math i mean you do stuff i tickled people to read and it knows that there's a reward of the same value for the company to put it out the book that got us going to switch it up. and then there are those who were just happy for that team. i don't know that you are that. the united states could be softening its position on iran previous statements suggest washington aims to reduce the nation's oil exports to zero but secretary of state mike pompei o says they may grant waivers to

a handful of countries importing iranian crude when sanctions snap back later this year the trumpet ministration has said it wants to deny iran revenue it's previously used to finance terrorism. and speaking of oil the price continues to tumble younes court is following this for us on wall street here's how steep is this latest on all drug. well on wednesday we saw the biggest drop in the price of oil in more than three years and that continued here on thursday at one point western texas intermediate oil that gets traded here in new york dropped below seventy dollars per barrel well there is overall concern that if the trade war continues that this could hamper the chinese economy and that is one of the big . countries using oil that could be a damper on demand and therefore it could drive prices

a bit lower but then there's also the question what happens with venezuela what happens with iran if we might see a shortage in deliveries from those countries that actually could also bring the price of oil back up and we shouldn't forget just recently we reached the highest price of oil in a good four years so now we had a little step back and this market well now the military industrial complex defense stocks on the rise is all that is to trump's nato meeting on thursday. that was probably the main driver why we saw quite a spike in the stocks of companies like lockheed martin raytheon or also boeing which by the way gets almost all of their revenue from the broader defense industry donald trump believes that he made a point that nato members should basically immediately paid two or per cent of g.d.p. for the defense and actually increase the spending in the next couple of years to four percent of g.d.p.

of that's realistic if it's going to happen remains to be seen but at least donald trump and investors believe so and that's why those stocks were among the biggest gainers here on wall street just have to see where the trump gets what he wants call it almost street thank you frank. i could always highest court has upheld a claim of multi-billion dollar damages against oil companies chevron that's for decades of rain forest damage the court saying indigenous people have a right to compensation for oil spills like contaminated ground water despite high hopes from those affected the ruling is largely symbolic as chevron no longer operates in the country. because a lengthy legal battle oil giant chevron has been ordered to pay nine point five billion dollars in damages for decades of environmental harm oh texaco never again of reference to the company chevron took over in two thousand and one the plaintiffs include indigenous try it's from the amazon rain forest who

filed a class action lawsuit twenty five years ago now the highest court in ecuador has ruled in their favor. their home was once a dense jungle us oil company texaco arrived in the one nine hundred sixty s. now not much grows here anymore the affected area is four times larger than new york the soil is contaminated there's oil search everywhere and cancer rates are above average. some see the ruling as largely symbolic and say enforcing the decision won't be easy the environmental damage relates to oil operations blamed on texaco that took place between one thousand nine hundred sixty four and one thousand nine hundred meaning it ended more than a decade before chevron acquired the firm. the victims unit isn't just against san fran it's against the system of corporate impunity with the entire planet it's against the global corporate client hysterical

to sentences that's a great global president identity as people together are capable of accessing justice if you go for some got back to what it says a lot and chevron has no assets left in ecuador to seize the plaintiffs have tried in vain to sue the company in the united states they want to see oil giants held accountable for the pollution they cause africa's fastest growing city has just opened a new light rail network system in nigeria's capital boudreaux was one of president mamata biharis key campaign promises but it also shows how chinese firms are muscling into african infrastructure projects. it's hoped that the new rail network will ease abou just notorious traffic or was declared nigeria's capital four decades ago and since then the city's rapid population growth has outstripped infrastructure and the city is regularly in gridlock a budget depends on it a port to link it with the country's economic capital luckless eight hundred

kilometers away nigeria's government hopes the trains will make travel in and out of the city easier. it's also only the airports. the airport so this is the mess you need to do so. it should also ease the movement of people living in the just satellite communities as planned new industrial estates have built. some areas of the city are expanding by as much as thirty percent per year central just population more than doubles during the day as people flooded in looking for work. there was. an easy to walk using. this is the wall. the light rail system was originally supposed to open four years ago the construction contract was awarded to china civil engineering construction corp but

the project was delayed because the nigerian government was unable to pay its share of the costs. is following this for us in weiss just how big is this project as far as nigerian infrastructure projects go. this is quite a big project for nigeria because. it cost nigeria two hundred over eight hundred million dollars it's next thing about ten thousand community right now is the first time nigeria is had been mitra law and we didn't do c.t. of the county so much in it's a phased in with africa this is a project that is going to be moving at least for now we have forty five kilometers of direct line that was commissioned to tag it is to have more than that the one

that was commissioned disheartened by the president is going to move at least five hundred people to connect in fact including to sing the country. is not only providing the cash but some of the infrastructure itself why is china doing this so that providing the cash nigerian government so that the nigerian government can buy from chinese firms is it providing a helping hand or taking advantage of much of. what i think i think is bought nigeria is taking advantage of what has happened and by chinese coming in to provide these but the chinese are not coming in taken over by so many businesses that are you joined the done by the europeans and that countries that is what we are seeing but for nigeria and many nigerians this see it as an advantage but for some in the economy and at least they don't see it as such this see it as his tuition why buy the chinese are coming in given soft loan we just signed it

kind of currency swap deal with the chinese will have. to come via an overall currency into the e.u. one making it much much easier for people who are willing to china people and with dead businesses. this is just the first phase so we'll have to wait and see what's next products citing so far it was address reporting from a budget thank you very much mike. the dreams of global bike sharing startup obeidi have turned into a nightmare it's filed for bankruptcy in singapore and left tens of thousands of bicycles apparently stranded chinese on farms like oh bike and its rival ofo have been criticized for littering cities across the wold with millions of bikes many of them have gone on view leading to grotesque bicycle graveyards such as the us despite the bankruptcy application obeid says it still wants to continue doing business the problems with its app means many of its bicycles comp be located.

now it's time for me to get on my bike that's it for ya business update i'll be back tomorrow same time same place see that.

climate change. pollution. and isn't it turning. out for good people and projects that are changing the environment for the better so i'm just. going to drug. user. state by state. the most colorful. the liveliest. the most traditional. find it all any time. check in with a web special. take a tour of germany find state. on t.w. dot com. check in. fasten your seat belts.

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