Also in the programme, women win prizes as the booker is shared between two female writers and a woman is among the trio taking the nobel economics award, we ask what are they doing differently. And, in this tiny little area to live, there is no table. No eating at the table here. Well drop in on some of tokyos arms length micro flats. In the age of mummy bloggers and kid influencers, well get the inside track on designer kidswear, with the boss of roco clothing. And, its called the beautiful game, its big business worldwide but is brand europe too tarnished . Today we want to know, what can be done to kick racism out of football . Let us know just use the hashtag bbcworklife. A very warm welcome to our new business show, worklife. And we start in the europe, where the continents Climate Change credentials face an acid test today. Now do we want our banks to continue financing fossil fuel projects such as Oil Exploration . Well, eu finance ministers will decide whether to back a plan by the blocs lending arm the European Investment bank, the worlds biggest multilateral lender, to end loans to coal, oil and Gas Companies beyond next year. The decision comes against a backdrop of investors increasingly offloading their fossil fuel holdings. The decision comes against a backdrop of investors increasingly offloading their fossil fuel holdings. Among them norways sovereign wealth fund, it is the worlds biggest, dumping more than 13 billion of investments. But despite millions of eu citizens joining climate strikes and rallies in recent weeks, the eibs plan is opposed by the European Commission and Key Countries including germany, italy, poland and latvia. They want to keep funding gas projects to help the move away from coal to renewables. Germany is aiming to close its Nuclear Power plants by 2022 but doesnt plan to phase out coal Power Generation until 2038. With us is eliot whittington, he is the policy Programme Director at the university of cambridges institute for sustainability leadership. The incoming president would like to turn the eib into a climate bank, is that going to happen, how much opposition is there to that . The team at the eib came up with a strong proposal earlier this year, shifting a lot of the support for the eib, into clean energy, into those new projects. A lot of that is not even being debated. There is clarity across europe that the eib needs to be aligned with paris. The question on the table is whether or not in that process they need to see interim support for gas, and a lot of countries are looking at how infrastructure will still be in the mix. 50, presumably the reason infrastructure will still be in the mix. So, presumably the reason for this, the reliance on russia by the country, and they dont want to skew that. Obviously there is geopolitics in place but it is also the case that there is an ongoing commitment in todays industry. There are projects alive right now that many see the eib financing as being critical for going forward. To what extent will it be a game changers, if the eib were to say, we will not be investing in fossilfuel if the eib were to say, we will not be investing in fossil fuel projects beyond next year. Given what is happening globally, interesting statistics, what has been invested in fossilfuels in statistics, what has been invested in fossil fuels in the last three yea rs, in fossil fuels in the last three years, it is, how much is it . 1. 9 trillion in fossilfuels in years, it is, how much is it . 1. 9 trillion in fossil fuels in the last three years by big investment banks. One of the things you have got to say, looking at the climate crisis, listening to the substantive concern that people have, with good reason, we are not moving fast enough, it is still a system where, obviously, we have a way of doing things and are trying to do things in a different way but it takes time. The decision will have and has the potential to have a huge impact, it is a Huge Development bank, it plays a particular role in the financing syste m particular role in the financing system and this one move could mean we see other places move. Jp morgan chase, other investment banks, they are piling on, they see money to be made from fracking and oil in the arctic. They are seeing that money but i have spoken with private investors who have said that they see money to be made in renewables. And they struggle to find a project. That is where an investment bank, which can support some of those less commercial funding streams, can really unlock the pipeline of funding into the clean energy system, as opposed to the out of date dirty energy system. Thank you very much indeed. Lets take a look at some of the other stories making the news. President trump has announced sanctions against turkey, over its military offensive in northern syria. The us president also says washington will stop negotiating with turkey on a 100 billion trade deal. Turkeys president erdogan has insisted he wont back down from his campaign against kurdish forces. Backers of Facebooks Libra cryptocurrency have pledged to forge ahead after selecting a five member board. The announcement comes despite a series of high profile defections form the project in recent days. Cash strapped office space sharing Company Wework has a new problem which may prove costly. Its closed about 2,300 phone booths at some of its sites in the us and canada after discovering high levels of formaldehyde. The company, which abandoned plans for a stock market listing last month, has told tenants that the chemical could pose a cancer risk if there is long term exposure. Now the big factor moving the worlds stock markets in recent months has been the us china trade war. Despite optimism from President Trump about progress in talks, us treasury secretary Steven Mnuchin is urging caution on the final deal. Monica miller is in our Asia Business hub. Its one step forward and one step back . Where are we . High level trade talks expected to take place next week, however, before investors get too excited about any progress, Steve Mnuchin is sending a message to the chinese ahead of these meetings. In an interview with cnbc, Steve Mnuchin said a new round of talks set for december 16 could kick into gear if the chinese do not sign the tentative deal they reached in washington last week. New round of tariffs. President donald trump says in contrast it was a lovefest with beijing officials, that they had during that two day session. Now, he did say a preliminary deal would take about five to complete, they may be able to sign something when the chinese president , they all meet at apec in the summer in chilly. Chinese officials were not so chilly. Chinese officials were not so lovey dovey about the whole thing, they said it was a cautious and conservative meeting. Chile. They simply claim that progress was made between the two sides. Thank you very much. Dont be full byjapan, dont be full by japan, first day of trade, catch up rally, there are, but the rest of asia was really flat and nonplussed about the latest developments that monica mentioned with the trade discussions. Looking at europe, going for nearly a0 minutes, markets are steadily going higher above the point where they closed yesterday. All these markets in europe down around half a percent at the close on monday. Now to the us, where the drug firm johnson and johnson is facing mounting legal liability associated with the opioid crisis. What impact will that have on the companys latest Financial Results . Vivienne nunis is following the story from new york. Lately it feels it goes barely a week goes by when Johnson Johnson is not in the news, recently, pharmaceutical and consumer goods giant was ordered to pay half 1 billion to the state of oklahoma for contributing to the opioid crisis. Last year, a jury ordered the firm to pay 5 million to women who blamed the baby powder for ovarian cancer. Johnson johnson blamed the baby powder for ovarian cancer. Johnson johnson is appealing both rulings, but how is this affecting the bottom line . So far, not that much, Johnson Johnson will report their latest Financial Results today, revenue for the last three months is expected to top 20 billion. There is a pr problem, more bad headlines could lead to consumers voting with their wallets. Time now to go beyond the headlines, as were joined today by sarah weir, chief executive officer of the design council. Welcome to the programme. Good day for women. Particularly i was thinking about a6 year old, second woman only to win the nobel prize, and the youngest ever, and what struck me when i was reading about this, she was talking about, it is about alleviating poverty, she was talking about doing things differently, rather than looking at failed methods of the past, or what might have been, she was doing field trials that get to practical solutions, designing Different Solutions, designing Different Solutions with the people that are going to be recipients, that struck me as different thinking. Nobel prize for economics, this is a disruptive view on how to spread around the wealth, isnt it, because this is what economists, globally, are trying to. Raising a flag for men, she did win it with her husband laughter fascinating reading, her ideas, their ideas of how to solve these problems, all sorts of ramifications. Lets talk about the two winners of the booker prize, what a great combination. Margaret atwood was out at the front, when i arrive, it has made my day to congratulate her, even that she had a quick chat with me. Brilliant because they broke the rule set up by the booker prize on this case. The other winner. Bernardine evaristo, the first black woman to win the booker prize. Seems extraordinary. Her story, talking about. 12 different women, from 1905 to 2017, the story of black women over that period, which has been pretty difficult. The story for women over that period has not a lwa ys women over that period has not always been that easy. The two together have broken the rules and thejudge also broke together have broken the rules and the judge also broke the rules together have broken the rules and thejudge also broke the rules Rule Breakers disruptors moving us onto monzo, rbs decided to launch a stand alone rival after considering whether to take over monzo. It is a fintech disrupter, whether to take over monzo. It is a fintech disru pter, and whether to take over monzo. It is a fintech disrupter, and alternative banking system. They have come up quite quickly, these alternative banks, when monzo started they started with 12 people, and they had a designer as part of the 12, because they were thinking about how to design a service, they decided with customers in mind, bringing in things Like Mental Health app, and they would talk to people using the bank saying, what do you want. That isa bank saying, what do you want. That is a very different way of designing a whole system. But it is not making any money, it stores all funds with the bank of england, not putting it out on overnight interest or anything like that. It seems to go against all the traditional models in terms of banking. It does and yet look how many there are of them, fintech is one of the Fastest Growing areas. People looking into careers for the future, that seems to me to be the place where you might want to go. Thank you very much indeed. Fascinating conversation, congratulations to berna rdine conversation, congratulations to Bernardine Evaristo and Margaret Atwood and esther duflo. Still to come small but perfectly formed. Well pay a visit to tokyos micro flats. Almost as small as mine, i think laughter youre with worklife from bbc news. Weve heard a lot lately about the demise of the high street but heres a Success Story. The number of rural shops owned by the community is booming. And its notjust shops Community Pubs are also thriving. There are now nearly 100 pubs in community ownership, with a 100 survival rate. James alcock is executive director of the plunkett foundation. Are shops and pubs owned by the community the way to re invent the high street . Why are we seeing such a success with Community Pubs and Community Shops . We are seeing Great Success with Community Businesses, particularly in rural communities, they are responding to problems they face by coming together and acting together, whilst they might be a shop or a together, whilst they might be a shop ora pub, they together, whilst they might be a shop or a pub, they are acting on being much more than that and responding to broader needs. They are doing exactly what they should be doing, really booming right now. When it comes to those that are setting it up, which groups are doing so and which investments are we looking at . Right across the uk, Community Groups of all different types and levels of expertise, and background, getting involved. Incredibly accessible model, Community Businesses are owned by the individuals and residents that live in those communities. They come together, look at the problems they are facing and think, how can they be solved through community ownership. The Success Story is all about everyone coming together to Work Together but also to shop there and have a drink in the pub. But when it comes to running the businesses, how is that going for these Community Pubs and Community Shops . They are doing brilliantly well, we are launching a new report, to reports, about the health and wealth of Community Shops and pubs. The two sectors are booming. We have seen the greatest number of enquiries, that the foundation has ever received, to help people to set up ever received, to help people to set up and run these types of businesses. Just a quickie, sorry to interrupt, they could not be viable u nless interrupt, they could not be viable unless people were not being paid far below market value, perhaps, for thejobs, far below market value, perhaps, for the jobs, because it far below market value, perhaps, for thejobs, because it is far below market value, perhaps, for the jobs, because it is competitive. In some cases, they do volunteer in the pub, not even paid a wage. They do volunteer but they are not paying below market rates, some of them use volunteers to help support the businesses, and others. Thank you very much. Youre watching worklife. A reminder of our top story europes Climate Change credentials face a key test today. Thats as brussels decides whether its lending arm should continue to finance fossil fuel projects. Now, the era of mummy bloggers and kid influencers has brought with it a new pressure for parents to dress their kids in style. High end childrenswear is now thriving, with the market worth over 6 billon last year. Thats encouraged new players into the booming sector, among them roco clothing. Founded in 2012, the uk brand makes formalwear for children. With us now is roco latif, chief executive, roco clothing. I have been looking at your website, very smart, reasonably priced, seems to go counter to what i thought was happening with children, i remember in the 19705 when we had to wear jacket5 in the 19705 when we had to wear jackets and we hated it, and it all went very casual, what has change that . Children want their own identity, they know what they want nowadays, they dress like their parents, in some ways, and also, pop stars, superstars, David Beckham wearing quite smart attire, hence, so wearing quite smart attire, hence, so do children. It is the beckham children everyone is watching and what they are wearing. Harper, prince george, suri cruise, so many celebrity kid5 prince george, suri cruise, so many celebrity kids out there and what they are wearing play5 celebrity kids out there and what they are wearing plays a big part in what their peers want to wear. We try to offer on trend Childrens Clothing at different price points, specialising solely in formal wear. An appetite around the world for garments, for british brands, selling in over 100 countries around the world, and the demand seems to be increasing year on year. You see demand go up year on year, when you 5ta rted demand go up year on year, when you started the company not so year ago makea started the company not so year ago make a not so long ago, you were in dire straits. Close to bankruptcy, a wardrobe full of stock from an old market stall business i had which was formal wear. We put it online, the internet allowed us to have this platform to sell to a global environment, Global Customer base. And as i say, now we sell to over 100 countries around the world. How has the internet helped and hindered, when people are searching forformal kid5 hindered, when people are searching forformal kids were, hindered, when people are searching for formal kids were, how are the algorithms helping . With it being a niche, that has helped, years ago, you had a very small market, now it isa you had a very small market, now it is a global market. Algorithms had changed, google tends to favour the larger brands, but with us being specialist, we are able to offer all these products. They recognise we are a market leader, a larger range than most smaller independent. Selling online rescue, seeing huge growth, but you want to get back onto the high street, you are passionate about the high street and where it is headed. I started on the high street, many years ago, it would be great to see that comeback. Looking at Concessions Department stores, we are looking at ways of entering the high street again, with the bricks and mortar type stores. Fashion is a ruthless industry, everything knocked off by cheaper competitors as well. If you are making this stuff, are you facing competition . Is this a growing area . Yes, however, Brand Awareness will always. Once people have a good experience with a particular brand, they go back to that. We try to offer that experience where you would be guaranteed a product at the right price. Edge 60, 70 for a two, three piece suit, for kids aged 11 01 three piece suit, for kids aged 11 or 12. And seen on the red carpet, you said. We have a number of superstars, yeah. Thats right. Celebrity kids, walking up the red carpet in roco clothing. What is the youngest you design for . We do have a range of baby wear but it starts from the age of two years old, it seems to fit them better. They look incredible. In terms of workloads are made, factories worldwide, how do you make sure the commissions, where this stuff is made. We have a team of people that frequent these factories on a regular basis, making sure all the standards are met. You are based in manchester, north of england, will brexit affect you . We have a contingency plan, it will affect us, cross border trade, looking a positive, global expansion, we have an appetite in the united states, looking at australia, all these places, we are looking at the positives. All of that in just looking at the positives. All of that injust a looking at the positives. All of that in just a few years. It has been roughly speaking with you, thank you very much forjoining us. In a moment well run through some viewer responses to our twitter question what can be done to kick racism out of football. You have not held back on those responses, we will go through those ina responses, we will go through those in a moment. Where soaring rents can make living in cities prohibitively expensive. But one firm is offering an alternative for people who dont fancy a long commute micro flats. Affordable but small, theyre literally an arms width in length. Lets take a look. They say that small is beautiful, but you cannot swing a cat in one of those my daughter went to japan recently, she slept in one of those cu bicles recently, she slept in one of those cubicles you can hire, she said it was claustrophobic, trying to reach out and stretch, touching the walls. 25 square metres. That is what the japanese recommend, per person. People living in a fraction of that. I was talking to sarah weir about this, she was on the show earlier, from the design council, it is part of her remit to think about design and how design enables your work life and physical and mental health. Interesting subject, tell us what you think about that. Now, your opinions on todays question, about football, of course, the match last night between england and bulgaria, has got everyone talking today about racism in the beautiful game. It is a huge business, football, globally, but is the game being tarnished . was born in the 19705, grew up watching skinheads on television, causing trouble at a football match, and it put me off going as a brown female, says one viewer. This from tony bucannon. England very nearly came off at half time, we saw nazi salutes, we saw monkey chanting. They followed the protocol, as it were, set in place by the fa, by uefa, really interesting talking point, many have beenin interesting talking point, many have been in touch throughout this morning. Looking at the hashtag you can see everyones comments, getting involved in the conversation. Thank you for your comments. Thank you for your company as well. Throughout the day, we will keep you up to date with the latest business stories and the business news. That is it for this edition. Thank you very much. Back at the same time tomorrow. Probably dont need me to tell you how wet the weather has been, more rain in the forecast as well, today, dominated by low pressure, into the north sea, bringing a legacy of cloudy skies and a few showers out towards the west the next weather system moving in and a bump developing on this front, just here, probably slowing this weather front down. That will mean rain could last even longer. The radar picture shows where we have seen showers, mostly across northern ireland, wales and southern counties of england, and these across hampshire, isle of wight, running into parts of southern sussex and kent, that will be with us on and off through today. At the same time, cloudy start, for many of us, the weather will brighten up, with sunny spells coming through, the best of those across southern wales and southern parts of england later on today. Im sure that will be a welcome change. This weather front moving in overnight, could be slower because of the bump i showed you on the satellite picture, rain will be spreading into many areas as we go on through the night. Taking us on into wednesdays forecast, low pressure is with us, this weather front could be quite slow moving by the time it reaches more eastern portions, that means another wet day for many of us. Weather wise, many of us will start with the cloud and rain, the rain will be quite heavy, pulling away from northern ireland, wales and south west england, but it could linger across parts of south east england, parts of east anglia, for most of the afternoon, even into the evening time, rain hanging on. Uncertainty about how quickly that pushes through. Brightest of the weather will be across western areas. Into thursday, low pressure still with us, whether front wrapped round and round the area of low pressure, bringing bounds of showers through across western areas. Unsettled day, across here, many areas will see downpours, the best of any bright conditions likely across eastern areas with some sunshine, highs of 13 and 15 degrees. However, no end in sight to the unsettled run of weather, that means more rain to come at times as we head through friday and into the weekend as well. Youre watching bbc news at nine with me, annita mcveigh. The headlines nazi salutes and racist chants at englands euro qualifer against bulgaria, as the match had to be stopped twice. Whatever we do might be perceived as not being enough, but i think weve made a major statement. I think weve made a major statement with the way we played through such a difficult circumstance. I dont think a game has ever been stopped, of this magnitude, twice. England players take to social media to share their disgust, as Marcus Rashford says racism in football needs stamping out. The uk has put forward new customs proposals as efforts to reach a brexit deal before a eu summit this week go to the wire. Michel barnier says a deal can still be done
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