olive farmers and southern friends can only hope the authorities were quick enough to stop the further transmission of selema fastidious this time and they know it probably won't be the last. and you're watching news from coming up next is business news with have here are best and don't forget you can get all the latest news and information around the clock on our website at steve w. dot com thanks for watching. consuming media ventures of the famous naturalist and explorer. to celebrate comics on the phone books from 250 a good. morning on the for you tube discovery. expedition boyd.

what's the connection between bret biome and the european union he knows not to be you correspondent and to have the baker can stretch this 2nd line with the rules set by the. team. cuts. a stepping recipes for success strategy that make a difference. baking bread on d w. the food. oil prices are on the rise after a drone attack in saudi arabia after soaring up nearly 20 percent brant crude is starting to stabilize but possible military action keeps the markets volatile. and thousands of workers go on strike against general motors negotiations are underway to put an end to the big. walkout in the u.s.

since 2007. also on the show soaring through paris iconic river this startup wants to revolutionize europe and travel one boat right at a time. i had to get cinder lin welcome to the daily business 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 at 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 backers the iranians want to reiterate that the united states whole heartedly can. hear iran's 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 top 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

5700000 barrels a day of saudi oil production has been affected it's put in sprite so it can global oil production is around a 100000000 barrels a day so this is around 5 percent of the global supply which saucy quite considerable it's emerged saudi arabia's energy minister visited the damage to oil plants on sunday following the attack it's unclear when it will be back on stream meanwhile the cuties have warned that saudi oil facilities will 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 wrist 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. as for no happier it seems that prices will keep rising and said there is not only needed solution to close the gap left after d. attacks as the top oil producer to achieve more crude oil internationally done

saudi arabia and the united states seem to be a key player in the current situation u.s. show producers say can move faster than traditional ones said to pump more oil but there is a catch here oil ports are already near capacity all the producers russia for example are pumping near capacity to with a maybe around $150000.00 additional barrels a day a bailable according to some experts but we also have hundreds of millions of barrels of oil in the strategic a storage here in the u.s. but also sold in china actually the international energy agency advises all its members and to keep it the end of 90 days of need to oil imports into storage 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 longer term consequences could we expect.

the 1st one will be a rising energy costs affecting as you said to a bar idea of industries be asian but also transport and even retailers about higher oil prices could also mean higher gas prices and consumption this is important since until now at least here in the u.s. consumers have somehow shielded the economy from the i'm going to eat war with china but at the minute that the cost of pumping gas increases that consumption you know other areas will be reduced as a result on wall street thank you very much for the insight. 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 the company. that's a minute to midnight the strike began the same time as the agreement between

general motors and its staff expired 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 overdue a better deal. our time to get. a little bit. take care of our. bills amazing like we're all war and everyone's coming together as a loon this is a community. bring justice to all the workers who have been hired been working for

years and still make the same with the 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 and a new drive for an agreement. us drug maker produce pharma has filed for bankruptcy a company produces the painkiller oxycontin one of the medicines at the heart of the u.s. opiate crisis with the move produced 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 us 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 faulty promoting oxycontin by downplaying the risk of addiction. last week per 2 reached a deal to settle most of the lawsuits with u.s. 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 dad 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 per juwan its owners the soccer family from lawsuits. but 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. to asia now and terry go founder of apple supplier foxconn has dropped his bid to become taiwan's president overturning expectations he would run as an independent candidate that's after failing to secure the nomination from the opposition china friendly kuomintang party he had stepped down as fox const chief earlier this year in order to concentrate on the upcoming general elections but analysts said during his campaign that his close business and political ties to china could turn off the voters wary of tightening chinese hold on the. 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 use trade commissioner cecilia moms from expects the tariffs worth $11000000000.00 any time soon similar tariffs could be slapped by the e.u. on the u.s. for subsidizing its own plane maker. and paris is the

city of love that's also thanks to its famous romantic boat trips down the send river but a start up is 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 of 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 bubbles things down again. gov but the result in the 2 electric engines the wings into water and whips it with the speed of the wings to lift supposed to do reduce the drag a few of us suffer your fault the person the less drag up 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 all she sells. and paris the traffic on the streets and bridges moves at a snail's pace. oh look this is absolutely nobody on the river and we need to use what our words of because we saw a bowl of no waves no noise no porters show 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. and now we thank you for getting on board next time and business to care for.

the food. i do see business worth billions of euros time as much of the rubbish used to make them comes from thailand's. undershoot plantations to starvation wages in extremely unhealthy conditions the german manufacturers lobbying claims. refuted

exert pressure all the way down to the front. of. the. eco india. how can a country's economy grow and harmony with its people by meant when there are doing worse look at the bigger picture india a country that faces many challenges engines people are striving to create a sustainable future clever projects from europe and india. in 69 d. w. . i subscribe to v.w. books or something more in the world than what we make the chapter 5. books on to. play

a mills and i'm game and the brand new w from the bottom of its person device is about topics that affect us all a lot of solutions climate change and the churn. polarization says shutout. summertime is vacation time here in germany most car owners still prefer to drive even to distant holiday destinations when it comes to road safety tires are of course of paramount importance more than $50000000.00 are sold each year in germany alone it's a multi-billion dollar business but where do these tires come from and under what

conditions are they produced.