What happens when one of your Famous Brands of vassar those goes rolled on your own product. This is business as. Well. Plans for a new tax on plastic bags in indonesia looks set to be delayed lawmakers have decided to put back a decision to confirm government proposals and loses 700000. 00 are thought to go through almost 10000000000 plastic bags each year making at the worlds 2nd biggest contributor to Plastic Waste in the oceans the government is proposing an excise duty of just over 2. 00 per kilo or less than 0. 02 a bag it says legislation remains on track to be introduced this year despite the latest delay. Lets go to asia finance correspondent. In a plastic is a global problem but also lots of it comes from the philippines vietnam china and
conceptual other countries dumped more than half of the 8000000. 00 tons of plastic ways that end up in the oceans every year according to a report from 22017. 00 a is there enough awareness of void in plastics in the whole region. Well there had at 1st The Awareness has not been was not very wide particularly in developing countries like indonesia for example like what you cited and even in countries like china that as big as china but now governments are starting to Pay Attention because of the revolution thats happening in their territories particularly in my reading life countries like the philippines Malaysia Indonesia and thailand. Realizing this problem particularly for single released us single use crust excuse me so. This classical Ocean Problem especially in the marine territories are going to be Hitting Economies such as tourism which is very
important the economy of course some of these countries not to mention the threat that falls to the health and safety of her very recently was an impact to reduce the use of prospects what happens about. Well and the recent understand something that happened just last year at least in june in bangkok us in the days get to raise concern about marine pollution and therefore our pledge to fight marine pollution both on a National Level in their respective countries as well as on the regional level on us and level this is called the bankrupt declaration and of course this was this was released in the midst of that 217. 00 Conservancy Report that shows that out of 5 of the top of the rules talk with marine polluters for all those us and countries with the phase one being china of course now on the back of that gratian is going
to aim to strengthen capabilities in terms of research on how to fight moving progression as well as you know. Increase research as well as ringback what gratian ties between among all countries in order to fight this Living Aleutian On A very regional level. Thank you very much. Who always seems to remain on a u. S. Trade blacklist despite u. S. President donald trump suggesting restrictions on the company would be eased following his g 20 meeting with chinas president xi jinping he says he said the u. S. Manufacturers would be allowed to start selling components to the chinese firm again which is days later a senior u. S. Exports official has written to Commerce Department staff telling him to continue treating blacklisted since may American Companies have had to seek government
permission to trade goods with. Taiwans evil ways has canceled a further 550 flights scheduled in july after talks with striking cabin crews broke down Flight Attendants have been on strike for 2 weeks now demanding Wage Increases and improve working conditions total 2000 pounds or so far more than 400000. 00 as their journeys disrupted it is the longest Aviation Strike in taiwans history and is estimated to cost even 56000000. 00. Subzone is bracing to report that 2nd quarter profits more than halt when they issued preliminary earnings on friday the warning is based on analysis by a resident of smart estimates calculates because thats the new south korean firm is set to fly 60 percent fall in Operating Profit it would be their lows result in nearly 3 years blamed in part on the decline in demand in data centers and
microchips. And now to some of the other Global Business news making headlines today tesla has broken its Quarterly Sales records define forecasters sending stocks up the maker of electric cars delivered 95000 units in the 3 months to june figures a relief for investors after week 1st Quarter Results the u. S. Firm is still on the pressure to show that it can turn a profit. Crater of the Iconic Ford Mustang died on tuesday at the age of 94. 00 he began his career 946. 00 as an engineer at ford and quickly rose to become the companys Vice President aged only 36 it was and also new york was fired in 978 after a Spot Management he then moved to chrysler which he steered back part of the billet he offered. From the i. M. F. To the e. C. B. Christine legarde goes from one top job in International Finance to the next by
a drug is time as boss of the European Central bank is pretty much up as e. U. Leaders nominate the i. M. F. Managing director to take over the role the euro slipped on the news while Stock Markets welcomed it experts point out that god has a reputation as a shrewd negotiator but little Monetary Policy experience. Shes already one of the most well known figures in International Finance bringing with her a wealth of experience and a reputation as a trailblazer for women. In 2007 Christine Lagarde became the 1st female finance minister of france an experience that french president Emmanuel Mocassins could benefit her at the e. C. B. Had. She was the finance minister at a time when it was particularly complicated as she faced the biggest financial and sovereign debt crises of the last decades. Having earned credentials for shaping
the french response to the financial crisis she went on in 2011 to become the 1st woman to head the International Monetary fund her biggest challenge in that job handling the greek debt crisis. But her career has not been without controversy in 2016 a french court convicted her of allowing the misuse of public funds like ours is neither sentence north fined and the i. M. F. Stood by its side rector and the scandal didnt appear to cause a rift in high profile political relationships either the following year when german chancellor Angela Merkel was asked if she was a feminist guards delighted reaction made headlines Around The World. More recently should became a viral sensation after footage emerged of her seeming to look an annoyed when u. S. President Donald TrumpsDaughter Ivanka in search of herself into a conversation that last months g 20 summit in japan. On twitter legard said she was honored by the nomination to head europes most Important Financial Institution during the nomination period it will fall on her Deputy David Lipton to take over the reins of the i am mad. Responding to news that his bothas likely Departure Heath that his institutions loss would be the e. C. B. Again. U. S. Lawmakers have urged facebook to halt its cryptocurrency plants they want time to investigate the risks libra poses to the Global Financial system regulators in europe also. A senior official of britains financial watchdog says the issues raised the issues raised require deep thought and detail. Introducing libra a new global currency design for the Digital World facebook has promised finance
for the future with its new Crypto Currency announcing its arrival Mark Zuckerberg said would empower billions of people even those without Bank Accounts will be able to send money Around The World with these whats more Facebook Says libra will be whats called a stable coin meaning it will have none of the volatility associated with bitcoin and other Crypto Currency it says it will ensure that by linking its value to other established global monetary systems Major Corporate players are already backing libra even if some of the worlds financial leaders are not. Bank of england approaches libor with an open mind but not an open door. And now a group of u. S. Lawmakers has written to facebook asking them to put their Crypto Currency plans on hold until congress can assess the risk it poses nevertheless facebooks plans to disrupt the money continue to progress with libra expected to begin filling digital
wallet in early 2020. Before i let you go Cautionary Tale for brands looking to cash in on a National Holiday it all begins with a shoe this one mike mikey had planned for the Special Edition of 4th of july train us to go on sale on us Independence Day but the inclusion of this is story corps flag on the heel has turned the stunt into a marketing not that former n. F. L. Quarterback calling company nike ambassador raised objections to the flak which he said ive been appropriated by far right nationalists the companies deferred to the star and pulled the chute but triggered a backlash a costly one with the governor of arizona withdrawing a 1000000. 00 in grants meant to fund a nike factory in the state in a twitter tirade he called the decision shameful that dramatic and expensive escalation in an introduction that started through the to the brands slogan just
do it and undid with a decision not to do it. And thats it for me and the Business Team here in berlin for more Business News lots of analysis and Background Stories of course check out the w. Dot com Slash Business but before you do that stay tuned because the w. News is up next right after a quick look at Global Markets thank you very much for watching business thank you. Are they genuine bounce lamps. Companies from an online catalog. The rights to coerce ideas images. Rights are indispensable for many enterprises. But are they in keeping with the times says. Made in germany committed a small. Piece in germany to learn german. English from the ground why not learn with him online on the mobile and free to south east. Hes been Learning Course because vic. To know that 77 percent of the country are younger than 65. 00. Thats me and me and you. And you know what its time low voice is part. Of the 77 percent speech obama. This is where it comes. To 77 percent this weekend on d w. Play. Play. Play. Play. This is the w. s live from berlin that another top job filled in europe and italian socialists voted in as a new president of the European ParliamentWill David Saucily Change the direction of the e. U. Also. Coming up at least 40 migrants are killed in an airstrike as they saw safety in the United Nations says it is a war crime. And how china is extending the reach of its Surveillance State and Border Guards install spyware on Visitors Phones in the region where beijing has in