situation they put themselves in. it's not my choice. talks will continue but the e.u.'s confidence in johnson's ability or willingness to achieve a deal is fading fast. you're watching the w.'s javier's up next with g.w. business trip around for that. guy you don't need to keep a lot of the people for over a mention home the 4th time can you hold. the families at the last. 3 years. on. you know that 77 percent. are younger than 6. that's me and me and you. and you know what time all voice is.

on the 77 percent he told me is you. know this is where. the 77 percent this weekend on d. w. . oil prices are on the rise after drone attacks in saudi arabia after soaring up nearly 20 percent brant crude is starting to stabilize but possible military action keeps the markers. also the program produced far more files for bankruptcy as part of a multibillion dollar plan to settle fallon's of lawsuits the maker of painkiller oxycontin has been found guilty of spurring america's opioid crisis. and thousands of workers go on. reicher against general motors negotiations are underway to put an end to

the biggest walkout in the u.s. since 2007. it's time for business on the w. and how you know i guess welcome global markets have reacted to a surge in oil prices after a drone attack on 2 major processing plants in saudi arabia the lower oil production is not the only concern u.s. president donald trump says he is ready for military action against those responsible u.s. government officials have blamed iran as the main culprit sparking fears of escalating geopolitical tensions. these are the images that inspired dread in politicians and investors around the world saudi arabia's largest oil refinery up in flames and half of the country's oil production slashed least temporarily by one airborne barrier. appearing on a t.v. station sympathetic to their cause rebels based in yemen said they carried out the

attack but the u.s. has pointed the finger at the back as the iranians i want to reiterate that the united states whole heartedly can use iran to attack on the kingdom of saudi arabia. president trump went further saying the u.s. was locked and loaded to respond. with political tensions already inflamed the economic consequences became apparent as soon as markets opened with a new week with shares across asia seeing red. oil prices initially spiked by 20 percent before receding and settling around 10 percent hope saudi arabia is the world's 2nd largest producer of crude after the united states analysts say the markets have just cause to be spooked. just put into perspective they think around 5 point. a 1000000 barrels

a day of saudi oil production has been affected it's put in sprite so again global 0 protection is around $200000000.00 barrels a day so this is around 5 percent of the global supply which so see quite considerable it's image saudi arabia's energy minister visited the damage to oil plant some sunday following the attack it's unclear when it's will be back on stream meanwhile the duties have gone to the saudi oil facilities who continue to be a target. and that of course is a cause for concern for more on this we're now joined by our financial correspondent on wall street horse who is there on his release it's good to see you and what's the immediate outlook for the oil markets can the u.s. compensate for saudi arabia's damaged capacities. are now happier it seems that prices will keep rising since there is not any media solution to close the gap left after di attacks as the top oil producer to achieve more crude oil internationally dead in saudi arabia and the united states seem to be

a key player in the current situation us show producers say can it move faster than traditional ones said to pump more oil but there is a catch here all ports are already near capacity all the producers russia for example are pumping near capacity to with maybe around $150000.00 additional barrels a day a bay of all according to some experts say but we also have hundreds of millions of barrels of oil in the strategic a storage here in the u.s. but also. in china actually the international energy agency advises all its members it to keep it they have a land of 90 days of net oil imports in a story so it is for now all depends on how long these outage lasts. higher oil prices of course mean bad news for many industries what the longer term consequences could we expect. the 1st one will be a rising energy costs affecting us you set out to

a bar idea of industries be asian but also transport and even retailers about higher oil prices could also mean higher gas prices which consumption this is important until now at least here in the u.s. consumers have somehow chilled if the economy from going to a why with china but at the minute that the cost of pumping gas increases consumption you know other areas will be with us as a result on wall street thank you very much for the insight. and we stay in the u.s. drugmaker per view pharma has filed for bankruptcy the company produces the painkiller oxycontin one of the medicines at the heart of the u.s. opioid crisis with the move heard us trying to settle thousands of lawsuits that say it's responsible for cases of addiction and death. to graves bear witness to a tragedy every 11 minutes someone in the u.s. dies from an opioid overdose 400000 victims in the last 20 years. over

2000 lawsuits including actions from nearly all u.s. states and many local governments accused of falsely promoting oxycontin by downplaying the risk of addiction. last week per who reached a deal to settle most of the lawsuits with us federal states it allows the company's assets to be sold to provide over $10000000000.00 to address the opioid crisis but many states still oppose the settlement. half the states have died agreed to the settlement with produce and many of them are expected to object throughout the bankruptcy process which could make it longer than it would be otherwise a bankruptcy can take months or even years even without serious objections the deal is to protect her juwan its owners the soccer family from lawsuits. other clouds loom the new york attorney general's office has tracked $1000000000.00 in wire

transfers including through swiss bank accounts suggesting the suckers tried to shield wealth. workers at u.s. carmaker general motors walked out on monday staging the biggest strike in the country in more than 10 years the action has spread across 9 states and involved up to $50000.00 employees it follows deadlock in negotiations over a new contract between workers and the company. that's a minute to midnight the strike began the same time as the agreement between general motors and its staff expired the united auto workers union says a failure to renew that agreement brought them to this point this is our last resort it represents great sacrifice and great courage on the part of our members and all of us and talks between the u.a.w. and general motors have failed to reach agreement on another 4 years of paying conditions the company says it's made

a substantial offer that includes improved wages profit sharing for members and investment to create new jobs but the union wants more for workers who helped rescue g.m. from the brink of bankruptcy a decade ago. on the picket line strikers feel they're over due a better deal. our time. a little bit this year to take care. if those amazing looks like we're all warned that everyone coming together as a lunar this is a community. bring justice to all the workers who have been hired been working for years and still make the same as some temporary employees more than 30 factories in america's auto making heartlands have been affected by the strike as well as a further 20 other facilities such as warehouses union hasn't said how long the action will last talks restarted on monday in a new drive for an agreement. and now to some of the other global business stories

making news of china's economic slowdown is deepening and just. production in august grew at its slowest pace and 17 and a half years the u.s. trade war and softer domestic demand is hitting the economy premiere the kick yang said it was quote very difficult for the economy to grow at 6 percent or more and that it faced down work pressure. the world trade organization approved a request by the us government to impose punitive tariffs on the e.u. for subsidizing its main aircraft manufacturer airbus they used trade commissioner says he expects the tariffs worth $11000000000.00 sometime soon similar tariffs could be slapped by the e.u. on the u.s. for subsidizing its own plane maker both. before we go paris is the city of love that's also thanks to its famous romantic boat trips down the send river but a star about this planning to use the river canals for everyday writes the

so-called see bubbles our little boats that seem to lift off above the water if approved for public transport customers will soon be able to order them with an app . they look almost like they're flying but these bubbles actually work like hydrofoils. when they reach a certain speed the boat seems to lift off. lower the speed and the bubble sinks down again. gov but the result in the boat to electric engines wings into water and whips it with the speed of the wings to leave the boat to do reduce the drag a few of us suffer your fall to the less dry go the cabins hold up to 4 people and soon the bubbles may start cruising the same test phase has already been approved and the start of the founders are sure the french authorities will give the water taxis the green light of all this just shows. and paris the traffic on the streets

and bridges moves at a snail's pace. how the new research absolutely nobody on the radio and we need to use what our words are because. no waves no noise no pollution no it's certainly nicer than being stuck in a traffic jam many other cities around the world are hoping to soon get on board. time to thank you for being on board that's all for business we will be back after it shows for always on the web on the w. dot com slash business or on social freedom gas thanks for watching.

i do see business with billions of euros time as much of the rubbish used to make incomes comes contact with this 21 future plantations the starvation wages in extremely unhealthy conditions in german manufacturers not be claims. if your observed pressure all the way down to foreigners. 50. 60.

seems to entrust the famous naturalist and explorer. to soon the great clicks on the from the old school 250. marking on the fortunes discovery. expedition in boyd. they are watching a positive train all in the water the poorest of the poor in poor countries prodded reading education they are demanding good quality education for their children the corporate world also realize that if they have to have work quality products and good quality consumers they need good quality skilled workforce i'm very confident that in 2050 no child or no i going to build a man illiterate that is the fundamental thing that is the divine by which the

nature of the body has given to us and goals rule of sledging the way that i had to look good was pledging over the right to freedom against nature dragons bog. remember that. this is deja news that a coming up in the next 15 minutes no pizza no word doc says in zimbabwe saying they won't return to duty and told a union visa who they believe was abducted by the state is released. and draining why didn't someone think of this years ago an invention that dates in rural canyons or old a heavy containers of water that was bent.