Financing airports in the ivory coast city of jobs and show you two entrepreneurs in india shirts and dresses made out of textile waste are making that an impact as environmental awareness is on the right. Im chris cuomo good to have you with us. Political instability the persisting trade conflict between the United States and china and the chaotic proceedings surrounding an increasingly likely no deal all are taking their toll on the Global Economy the International Monetary fund says the World Economy is experiencing quote synchronized the celebration and the worlds trade organizations view isnt uplifting either it warns that world trade is slowing at an alarming rate. The worlds leading Financial Institutions say the Global Economy is in a delicate position which needs handling with care. The World Trade Organization says global trade is expected to grow at a much slower pace this year than previously thought w t a lot of us have lowered their growth forecasts for two thousand and one thousand by almost a third and so bracks it is a threat to any recovery the International Monetary fund points a finger at the u. S. China trade conflict. Specifically we have looked at what might happen if tariffs on all goods traded between the u. S. And china went up by twenty five percentage point points that would entail a reduction of g. D. P. Of point six percent for the United States and one point five percent for china do the math. Those are selfinflicted wounds that should be avoided. The guards message is clearly aimed at american and chinese trade representatives. For weeks now theyve been trying to find a solution to their simmering trade conflict the clock is ticking and International Economists hope to Trump Administration will heed the warning. Lets bring in our financial correspondent and score to hear our. Global institutions are sounding the alarm over the state of the World Economy but wall street doesnt seem to be overly intimidated. Well we keep listening to the same old song that the trade conflict is not positive that breaks it actually could be hurtful to Global Growth is nothing really new but first of all we do know do not really know if the trade conflict between the u. S. And china will really escalate or if we might find a solution in the next couple of weeks and we also do not know how possible breaks it might materialize and the i. M. F. Keeps lowering their Economic Growth forecast and on a positive note Christine Lagarde is still not talking about recession so thats at least a little bit of good news and so wall street hardly reacted to this forecast and yes shares of right heading service list fell below their i. P. O. Prize in just their second day of trading what happened there well for instance there was one analyst coming out with the sale rating on the stock and giving a price target of forty two dollars a share well the stock started trading on friday with seventy two dollars apiece so obviously there is quite some skepticism and maybe lift has been too optimistic when they gave out their stock on friday not that they gave up the stock but maybe the price was just too high and that could be telling for the next Big Companies waiting with their i. P. O. In the next next couple of weeks select for instance or interest so im quite certain that the next i. P. O. s will be a bit more conservative than what weve seen it was live in court in new york thank you. And here are some of the other business stories making the news. Farmers in the United States are facing soaked and soggy farmland right as they would normally be planting the seeds for this years wheat corn and soy harvest two weeks ago heavy rain flooded over half a million hectares its yet unclear how much of the ethnic Cultural Land in the american midwest can be farmed and all of us here u. S. Automaker ford says a no deal breaks it could mean a billion dollars in terror of cost the company also claims its already spending tens of millions of euros to prepare for this worst Case Scenario for produces engines in the u. K. And cars in germany its been hedging its sterling Currency Exposure and caving inventory just in case of a cliff edge breaks irish Budget Airline ryanair now ranks among europes top ten carbon emitters its the only non coal company on the list over the past five years the companys Carbon Emissions have risen by almost fifty percent as c. E. O. Michael oleary mocks Climate Change concerns as quote complete and utter rubbish ryanair transport some one hundred thirty Million People a year mostly on shore flights. The container ships keep coming into abidjan but west africas busiest port needs to be dug out further if its to compete with regional rivals and a further move to make inroads in to africa by financing and Building Infrastructure china is providing the know how and investment to modernize the port in the ivory coast city upgrading of the john ports is one of the biggest Infrastructure Projects on the african continent it already handles ninety percent of my of ricos Foreign Trade when its complete the term will be the largest in west africa. One point four billion dollars is flowing into the massive reconstruction plan eighty five percent of the project funding is coming from china. African projects are crucial to president xi jinping is belgian Road Initiative which aims to connect china with asia europe and africa by land and sea critics say the initiative is all about spreading chinese influence abroad and is saddling some countries with unsustainable debt. Chinas ivory coasts largest trading partner in asia and its third biggest overall trade between the two countries rocketed eight hundred percent between two thousand and fourteen and two thousand and sixteen alone the new Container Terminal is being built by China Harbor Engineering company work began in two thousand and twelve and most of the three hundred workers are chinese its not the only modernization work underway in ivory coast. After two thousand and eleven as part of the recovery of the economy of ivory coast and the modernization of its infrastructure including the port area a vast program was introduced to modernize the infrastructure and improve traffic and congestion management. There are fears that chinese funding might dry up as that countrys economy slows down but with such a gaping need for infrastructure ivory coast is powering ahead for now. German coffee read here are long known for its non coffee offerings ranging from kitchen utensils to clothes is arguing for stricter government oversight of the fashion industry in western economies meanwhile some companies are trying to tackle the industrys problems with their own approaches including a company in india the pharma way to up cycle left over fabrics to stylish new garments. At this clothing Design Studio in southwest delhi fabric waste is seen as a valuable resource. The philosophy here is simple we dont need more new clothes repair more its a challenge to the fast fashion Business Model a challenge that textile up folklore Due Diligence is proud to be making the problem in the fashion industry it starts from the fact that it is because done a leaner fashion model city there about seventy three percent of the garment three stages go into line foods because there is lack of really is a very using the fabrics and the garments that were working with. That realisation led kriti to learn and to bludgers other two founders to address the problem of textile waste in india they set up a design label committed to making fashionable clothing from garment waste or up cycling discarded items its a concept thats been gaining in popularity in the textile industry all over india as awareness rises. And garment waste is not the only problem even more serious is the issue of production waste the textile industry is considered to be indias Third Largest polluter. Environmental implications are worried the situation is getting worse by the day due to the surging demand for products and the associated use of chemicals the need for landfill space and increased energy and water consumption. So that thats huge. Is about. Which is as much as most. And that is a single. In the production. Process itself which. Is. Just founders set up their company in twenty twelve now they have almost twenty employees the process starts with sorting the textile remnants thats when the inspiration comes for new clothing designs. The brand also makes bags and other items and the leftovers of their production go into yet other new products. And theyre looking good thats it for me ive. Got a website or. Twitter im called. Europe. What unites. What divides. The man who tried to push. What binds the continent together. The answers and stories aplenty the. Spotlight on people. Focus on girls on g. W. Earth home to millions of species a home worth saving. Google ideas tell stories of creative people and innovative projects around the world ideas that protect the climate boost Clean Energy Solutions and reforestation. Interactive content to inspire people to take action oh bloodiness the series of global three thousand on t. W. And on mine. Im scared that the volume or thats hard and in the end is a me youre not allowed to stay here anymore we will send you back. Are you familiar with this. With the smugglers were miles and. Whats your story. On what numbers. Women especially of victims of violence. Take part and send us your story we are trying in all with to understand with your culture. Another visitor another guests you want to become a citizen. In for migrants your platform for a while information. Welcome to news from the world of arts and culture why has a new exhibition in paris renamed classic masterpieces well find in a minute also coming up. To since for a sions include her childhood in war torn beirut as well as the simple beauty of nature. And youve probably been to plenty of parties in your time but i bet none come close to this zero gravity policy do not try. But we begin with a rather unique exhibition that has just opened in paris which is renaming classic paintings its at the music say and it is called black models from jeffrey cole to matisse and its all about black models who featured in famous paintings getting recognition or any recognition at all be chatting to my colleague david lesser leavitts in just a minute but first is report. The limpia money a painter considered by many the father of modern art in the foreground a milk white prostitute who stare shocks in one thousand percent reviewers and who for a century and a half has fascinated scholars but more recently the figure behind her has become the focus of black servant the face of one of moneys frequent model
comparemela.com © 2020. All Rights Reserved.