why the 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 court in ecuador orders all major chevron to pay a billions of dollars in clean up please the country's indigenous population are unlikely to seize. i'm daniel winter and this is your business update workers at a fear 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 chair in for

a total of one hundred million euros it is an yearly family owned shares in both feet at and eventis employees said 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 ahead so i have a full time here as we receive little money but for right now though there's money it's a shame it's disgusting. others say the transfer is a marketing move. the that costs a huge trees as you know but the i need a family knows how to do their math for me and yourself i tickled people to be and it knows that there's a reward of the same value for the company to put it that the board at last got to switch it up. 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 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 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's why to continue it here on thursday at one point western texas intermediate oil that gets traded here in new york would drop below the seventy dollars mark 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 all saw that could be a damper on a 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 national 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 are also boeing which by the way gets almost half 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 percent of

g.d.p. for defense and actually increase the spending in the next couple of years to four percent of g.d.p. events 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 the on wall street which is tough to see where the trump gets what he wants yes caught on wall 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 reference

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 oily 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. you have all

the courage and it isn't just against cher fran it's against the system of corporate impunity with rules to entire planet it's against the global corporate client hysterical to sentence a sense of great global president that entity his people together are capable of accessing justice. got bought into what it says all of its chevron has no assets left in ecuador to see if 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 the 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 since then the city's rapid population growth has outstripped

infrastructure and the city is regularly in gridlock a budget depends on its airport to link it with the country's economic capital 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 airport so this is really the message 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 of just population more than doubles during the day as people flooded in looking for work. and easy to walk using.

the light rail system was originally supposed to open four years ago the construction contract was awarded to china civil engineering construction corporation but the project was delayed because the nigerian government was unable to pay its share of the costs. is following this for us in wise 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 community right now is the first time nigeria is had been mitra law and we didn't deceive the county some are saying 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 the one that was commissioned disheartened by the president is going to move at least five hundred people to clinics in fact including to sing the country. is not only providing the cash but some of the infrastructure itself why is trying doing this so that providing the cash nigerian government so that the nigerian government can buy from chinese firms 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 taken over by so many businesses that are you joined you done by the europeans and i doubt countries that is what we are seeing but for nigeria many nigerians deceit 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 it kind of kind of swap deal with the chinese. to come via satin of all currency into the new one 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 projects citing so far it was addressed reporting from the budget thank you very much mike. the dreams of global bike sharing startup obeidi 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 with millions of bikes many of them are gone unless you lead into grotesque 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 ya business update i'll be back tomorrow same time same place see that. woman.

world. must still. be open air festival in northern germany. fucking mental battle dozens of newcomers from the war. b.t.w. as far back stores are going right there. blocking the open air two thousand. start small visits don't come on. climate change. waist length pollution. isn't it time for good news eco africa people and projects that are changing our environment for the better it's up to us to make a difference let's inspire shut. the fuck up the

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