Whether it is cars, clothes, smartphones or the raw material to make them, the vast majority of the stuff we buy is sent around the world by ship, and the greenhouses gases that produces are being targeted at a un meeting here in london this week. In fact, 90 of global trade involves stuff being moved around by sea. But the industry wasnt included in the paris climate agreement, which the us is pulling out of. However, it is signifcant because it creates about 3 of the global Greenhouse Gas emissions that are causing climate change, and that is why governments want to reduce them. One answer is to slow ships down. It means it would take goods longer to get from factories to shop floors, but one study estimates a 20 speed cut could reduce emissions by 24 . Other Solutions Include cleaner fuels and more efficient ships, as the uns International Maritime organisations seeks to cut Greenhouse Gas emissions by at least 50 by 2050 compared to 2008. Richard meade, editor of lloyds listjoins m
Now on bbc news live to singapore for Asia Business report. Unhappy holidays for amazon. Shares of the Online Retail giant giant slump as it expect so we can forecast a christmas sales. Find start your day, why you could soon be going to work in one of these air taxis. Good morning asia, hello world. Yes it is a friday, almost the weekend. Im rico hizon for Asia Business report. Whats start with amazon because the stock price fell in extended us trading. The slide comes as the Company Forecast revenue and profits for the Christmas Holiday quarter to be below expectations. Amazon is facing fierce competition and rising cost from its plan to speed up delivery time globally. The latest from new york. Amazons push to push prime nomadic subscribers has. They send ten boeing dars and posting of the past three months. An extra spending means past three months. An extra spending m ea ns lower past three months. An extra spending means lower profits. Compared to last year, amazons quarterly pro
More on our website, bbc. Co. Uk news, and the news app. Now on bbc news, live to singapore for Asia Business report. The worlds most profitable company, saudi aramco, announced plans to go public. And the us commerce secretary, wilbur ross, is in asia amid the ongoing trade war. Hello and welcome to this monday edition of Asia Business report. I am sharanjit edition of Asia Business report. I am shara njit leyl. Edition of Asia Business report. I am sharanjit leyl. We begin with saudi arabias giant state oil company aramco. It is the worlds most profitable company, and it finally kickstarted its share sale on sunday. The firm offered few specifics on the number of shares to be sold. Its pricing, or the date for a launch. Kate prescott has more. Saudi arabia produces a 10th of the worlds oil. Managing that makes this very Unusual Company the most profitable in the world. This flotation has been years in the pipeline. We are the leading company when it comes to energy. We have the highe
More on our web site bbc. Co. Uk news and the news app. Now on bbc news, live to singapore for Asia Business report. Feeling the pain of an expense that garbled. Doesnt gamble. Softbank reporting its first quarterly loss after a decade after bailing out wework. Hoping to make progress on an eu china trade deal. Its wednesday good morning, as are, hello world. Lad you could join us for this edition of Asia Business report. Im regular hes on. Lets kick off the programme with softbank because it is expected to report its first quarterly loss for a decade. It bailed out wework recently. The firm, which softbank now controls has plummeted from 50 billion in value tojust 8 has plummeted from 50 billion in value to just 8 billion in 2019. Vivian nunes has more from new york about softbank latest challenge. From my property to a humiliating bailout, wework faced a cash crunch last month and still softbank came to the rescue. Now investors will be looking at how much damage wework has caused to
Eu ambassadors are to meet to discuss what length of brexit extension to offer the uk. If at all. Most eu states are understood to favour a three month delay, with an option to end earlier if a deal is ratified sooner than this by parliament. Meanwhile, british Prime Minister borisjohnson has called for a general election on december 12 to break the brexit impasse. Its the first time hes conceded that he will not meet his do or die deadline to leave the European Union next week. Shortly after that uk finance minister sajid javid announced that the november six budget would no longer take place. And business groups are already complaining about uncertainty the uks federation of Small Businesses says its left many of its members in limbo. But Many Companies also dread britain leaving without a deal. A poll by the institute of directors says more than half of its members want either a new referendum or general election to try to avoid that. Adam jackson, director of Public Affairs brexit