Cities is taking steps to lower vehicle emissions. The sharing economy is changing the face of business new schemes are popping up all the time founded on the possibility that its more efficient not to actually own something especially when it comes to big ticket items like cars or bikes if you can access it easily whenever you want now that is the theory at least unfortunately as australia is finding out implementing sharing schemes can be a little bit more complicated than you might think. It seemed like such a great idea at the time cutting down on emissions and traffic hoping people keep in shape but shared bicycle schemes in sydney and melbourne arent quite working out as host the problem bikes known litter the cityscape because a lack of bike racks means users are just leaving them pretty much everywhere. There are things for the life of the place off to use as an uncontrolled plea for a shot of them in the streets i worry about them in any up on the road or any up in the tree or
Update on how to have free in berlin thanks for joining me tesla is looking to get a piece of the pie in the worlds biggest electric Vehicle Market the wall street journal reports that the comic has reached an agreement with chinese authorities to build its first plant in china the facility would be in shanghai is free trade zone the details will still be wiped out but tesla reckons the factory could help cut production costs by that. Our financial correspondent yens quarter is on wall street we can talk to him now yes how important is this news for tesla. Well it could be a game changer because overall if you look at it one of the details of the potential deal would be that this Production Facility would be wholly owned by tesla so far all the Foreign Car Companies they need a chinese partner that deal probably would not have that included and it would bring costs down quite a bit for tesla and china is the biggest market for electronic vehicles this year alone probably. More than dou
Lebanon demands the return of its Prime Minister from saudi arabia with more International Pressure to and the political crisis. Lines the whole raman youre watching of his own life my headquarters here in doha also coming up well do it without you thats the message from the pacific rim countries to donald trump as they move forward on a new free trade deal without the us. Refugees refusing to leave man a silent by saturday award and theyll be forcibly removed plus. One end of the amount of our message is a wake up call for europe. Gatherings of far right nationalists from home and abroad threaten to taint polands Independence Day celebrations. Welcome to our zero the u. S. Has joined the un in wading into lebanons political crisis calling for stability after the shock resignation of Prime Ministers son hariri the hariri announced he was stepping down while on a visit to riyadh last saturday blaming interference from iran and its lebanese ally hezbollah but hezbollahs leader says harir
Suppliers are preparing for big orders of the iphone 7. Plus, tim cook is finishing up that big trip to india. Well have details. Catchy tune. Meanwhile, bowing inking an 11 billion deal. With the arms embargo lifted well tell you what other defense stocks could be affected by this as the president continues his affect through vietnam. A big win for bank of america and the Justice Department. Theyll no longer have to pay 1. 3 million for a countrywide mortgage stamp. Lets start with the gains for apple and its suppliers today. Bertha coombs monitoring it. Apple accounts for all of the gains that weve seen on the nasdaq 100 right now. Tim cook continues his Charm Offensive in india, the rest of asia. Analysts are getting a little less bullish. The iphone 7. That has chip stocks up. Among them is universal display. They make oled and goldman today is upgrading that stock from a buy to neutral sending those shares near a oneyear high today. Goldman thinks with some of its proprietary rese
You are looking at live pictures of air force two in beijing china. Vice President Joe Biden landed, days after the b 52 flew no disputed airspace over the south china sea, and questions about the disputed islands between japan and china. Thats what the Vice President is talking about in budget after leaving japan. Well have more on that in a moment. We begin with this the deadly Train Derailment. Investigators say it was travelling at 82 Miles Per Hour, three times the limit before the crashing, killing four, leaving dozens injured. With the speed we are learning something new about the man at the controls and what happened in the seconds before the disaster. Lisa stark has more on that. They wouldnt say what condition rockefella may have been in. Theres no indication of mechanical problems. The brakes, which was barrelling at 82 Miles Per Hour into a 30 Miles Per Hour curve, the brakes were working fine out all the stocks. Here is m. T. S. B. Board member earl wiener. Theres no indic