why a car factory workers threatening to strike over cristiana rinaldo they're not loyal real madrid fans will tell you what infuriated these employees also coming up in ecuador is all major chevron to pay out billions of dollars in clean up things the country's indigenous population are unlikely to see is said. and done your winter and this is your business update workers at a few chrysler plant in italy will go on strike this month that's because footballer cristiana rinaldo has just signed a deal to transfer to the event just 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 i was leaving rail madrid to join you ventus to win for

a total of one hundred million euros it is an yearly family owned shares in both feet 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 i have a full time here as we've received little money but for right now there's money it's a shame it's disgusting there's a little bit of others say the transfer is a marketing move really cause the costs are huge for his agenda but then again the family knows how to do their math i mean if the fight equaled people to be and it knows that there's a reward of the same value for the company to i've put it that the book that i just got a search about. and then there are those who were just happy for that scene. found out. that you are that. the united states could be softening its position on iran

previous statements just 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 trump administration 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 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 intermedia 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 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 in this market well now to 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 rates and 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 ors 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. 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 i've referenced

to the company chevron took over in two thousand and one the plaintiffs include indigenous tribes 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 clothes 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. nothing because you have all the

victims unit isn't just against chevron it's against the system of corporate and peter schiff rules entire planet it's against the global corporate client hysterical to sentences that's a great global priester people together are capable of accessing justice if you go to some got party who wanted to live in. san fran has no assets left in ecuador to see 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 of bujold was one of president the haris key campaign promises but it also shows how chinese firms a muscling into african infrastructure projects it's hoped that the new rail network will ease just notorious traffic or was declared nigeria's capital four decades ago since then the city's rapid population growth has outstripped

infrastructure and the city is regularly in gridlock depends on it a port to link it with the country's economic capital largo's eight hundred kilometers away nigeria's government hopes the trains will make travel in and out of the city easier. it was a little to the airports so people want to get to the airport so this is the message to do is reduce travel times. 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 of just population more than doubles during the day as people flooded in looking for work. in. the walk out an easy as is to walk using it and 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. let's get more on this now why sadrist is following this for us in a why is 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. thing about ten communities right now is the first time nigeria is had been mitra line we didn't deceive the county so much in it's a first in with africa this is a project that is going to be moving at least for now we have forty five kilometers

of the red line that was commissioned to tag it is to have more than the one that was commissioned this afternoon by the president is going to move at least five hundred people connected to sing the country. is not only providing the cash but some of the infrastructure itself why is china doing so they're 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 nigeria. 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 come in in taken over by so many businesses that i you joined you done by the europeans and now that countries that is what we are seeing but for nigeria many nigerians this cheat us an advantage but

for some in the economy and at least they don't see it as such they see it as his tuition why buy the chinese are coming in given soft loan we just sign a kind of currency swap deal with the chinese. to convert. into the wine making it much much easier for people who are willing to china to businesses. and this is just the first phase so we'll have to wait and see what's next but like citing so far it was address reporting from a budget thank you very much but. the dreams of global bike sharing startup obama into a nightmare it's filed for bankruptcy in singapore and left tens of thousands of bicycles apparently stranded chinese on farms like obama commits rival ofo have been criticized for littering cities across the with millions of bikes many of them have gone on to use leading to protest bicycle graveyards such as they say despite the bankruptcy application no bike 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 your business update i'll be back tomorrow same time same place see that.

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