why the car factory workers threatening to strike over cristiana rinaldo they're not loyal realm of bridge founds will tell you what infuriated these employees also coming up in ecuador is all major chevron to pay it billions of dollars in cleanup please the country's indigenous population are unlikely to see is said. and done your winter and this is your business update workers at a fee a 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 because it's an italian fee it chrysler factory are angry the reason news of a costly football transfer christiane a renowned 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 for i've a full time here as we've received little money but for right now though there's money it's a shame it's disgusting if you will put up others say the transfer is a marketing move. the costs are huge there is as yet at the onion the family knows how to do their math i mean you define equal to more could be and it knows that there's a reward of the same value for the company to put it out the books on the list going to search it out. and then there are those who are just happy for that team. but i doubt. 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 its 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 it's a continuous year on thursday at one point western texas intermediate oil that gets traded here in new york dropped 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 oil that

could be a damper on a d.v.r. 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 and now we had a little step back in this market when 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 race there 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 per cent of

g.d.p. for 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 see on wall street just want to see what the trump gets what he wants us called almost thank you frank. i could do was 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 and chevron no longer operates in the country. it was 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 contamination there's oil 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. all the

victims unit isn't just against chevron it's against the system of corporate impunity with entire planets it's against the global corporate client hysterical to sentences that's a great global president that n.t.t. innocent people together are capable of accessing justice if you before some got bought into what i said philip 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 bujold 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 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 its airport 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. so. important so this is the message to do. 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 population more than doubles during the day as people flooded in looking for work. there was. an easy to walk using it 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 corporation but the project was delayed because the nigerian government was unable to pay its share of the costs. why is just how big is this project as far as nigeria 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 thousand communities right now is the first time nigeria is had been mitra line we didn't decide to counter 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 disheartened by the president is going to move at least five hundred people connect in fact in communities in the country china 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 niger. 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 come in taken over by so many businesses that a huge would be done by the europeans and at that countries that is what we are seeing but for nigeria and many nigerians this seat us an advantage but for so many

economic and at least they don't see it as such they see it as his tuition why by the chinese are coming in given soft loan we just signed it kind of currency swap deal with the chinese whereby we. sucked in of all currency into the new one making it much much easier for people when we did business. 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 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. its rival ofo have been criticized for littering cities across the walls with millions of bikes many of them are gone and you know it's leading to protests bicycle graveyards such as they say despite the bankruptcy application obama 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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