The worlds greatest rainforest is under increasing threat. Illegal logging, mining and land grabbing has led to vast areas of rainforest being lost. It is a huge store of carbon that is vital for tackling climate change, but the brazilian government of president bolsonaro has so far denied the problem, but that may now change. Environment minister Ricardo Salles will meet governors of amazon states today to discuss tactics to counter deforestation. In the 12 months tojuly, 2019, deforestation soared almost 30 . More than 3,700 Square Kilometres of forest has been deforested this year, an area about a fifth the size of wales orjust over 500 thousand football pitches. While deforestation mainly has been caused by illegal logging, mining and cattle farming, a new threat is posed by increasing demand for land for palm oil plantations. However the president of brazil, jair bolsonaro, believes other countries had overblown the situation. Translation the situation. At times, certain countries
And gossiping about President Trump. The other main stories at 11 facing impeachment proceedings back home, the Panel Investigating President Trump says evidence against him is overwhelming. Carbon dioxide emissions have risen slightly this year, despite a drop in the use of coal. And coming up, a wildlife Success Story the uks population of atlantic grey seals hits 120,000, from just a few hundred last century. Good morning and welcome to hertfordshire where the 29 leaders of the Nato Alliance are meeting at this luxury hotel, set amid 300 acres of grounds and well away from any protestors. Its the 70th anniversary of the alliance founded after the second world war, but there are more recriminations than birthday celebrations with bitter arguments over how much Member States spend on defence, over turkeys intervention in syria and over the french president s remarks that nato has become braindead. Donald trump has said that claim is disrespectful and insulting. Well, the leaders are t
Give truckers more time at rest stops . First, to our top story. Wework says job cuts will start this week. The struggling Office Sharing startup said that cuts will improve efficiency and accountability. Bloomberg has learned that about 2000 jobs will be eliminated, some 16 of weworks global workforce. Ellen huet joins us with more. What do we know about these layoffs and where it fits into their broader strategy of slimming down, if you will . Effort that has been going on in bits and pieces but it sounds like based on this new memo that the executive chairman sent this morning, it is going to start in earnest in the u. S. This week. They had already been starting to have some layoffs overseas and there have been some cuts in side businesses like meetup and other side businesses they owned, but it seems like maybe this week is going to be the big time. They had originally scheduled an all hands meeting for tuesday and another part of the memo says the meeting will be moved to friday.
Witnesses. Today the committee will hear from witnesses about the challenges that state stanksed businesses in the cannabis owners have when attempting to under the controlled substance act, its considered a schedule one drug. Being categorized as a schedule one means that the possession, distribution or sale of marijuana or other marijuana derived products is illegal under federal law and any proceeds from cannabis related activities remain subject to antiMoney Laundering laws. In the last several years many states have used valid initiatives or referendums that have legalized marijuana in some form, whether for recreational or medical use. Currently there are 11 states plus the district of columbia where it is legal to buy and consume recreational and medical marijuana adds well. And there are 22 states plus d. C. That have approvedmedcal marijuana totaling 33 states in all that have some form of Legal Marijuana. Senators gardner and merkley have introduced Bipartisan Legislation tha
May. Ease trade tensions. This is the euro stoxx 600,. 8 her, eurodollar 110. 2 1. 1024. 1. 78. S. 10 year yield up at theup, the president Info Institute for economic research. It is not having much of an impact on eurodollar. We will see what that means for the health of the european economy. Thatn Business Confidence 95, in line with continent estimates. Lets get to the first word news in new york city with Viviana Hurtado. Green to buy is a tiffanys for over 16 billion and the deal is for 3500 a share. Lvmh isnt as dominant in jewelry as fashion or cosmetics. The taiex gives it access to 160,000 hearings 160,000 diamond chains and the deal is expected to close 2020. Michael bloomberg is running for president in 2020, joining a mix of race and brings a moderate policies and experience and business. The 77yearold says President Trump is an existential threat to the u. S. And its values. Michael bloomberg is the founder and majority owner of bloomberg lp, the Parent Company of Bloombe