A lot of money involved the Global Market for Waste Recycling is worth 300000000000. 00 thats according to consultants from frost and sullivan Plastics Recycling alone is estimated to account for 37600000000. 20 between 1950 to 2078 point 3000000000 metric tons of plastic has been produced so lets put that in context thats a quibble and 25000. 00 empire state buildings or thats enough to cover the entire country of argentina were still 3 quarters of all plastic produces now and landfills or in the ocean only 9 percent gets recycled and 12 percent isnt center rated. Over 25 years china imported 106000000 metric tons or 45 percent of all Plastic Waste and china will only by Plastic Waste it is 99. 9 percent pure in other words recyclable exporters mostly from rich nations scramble to find new markets such was the scale of chinas imports countries like malaysia indonesia thailand and vietnam were soon swapped and unable to cope it took the philippines 6 years to send 60 containers of toxi
Partly also a result of oil going down so so much in the past days and he says that if this continues of lets say theres an escalation if there should be Firm Evidence that iran was behind the attacks and the u. S. Should react perhaps militarily then it would escalate and that would send the Oil Prices Back up in late april it was much higher than today so theres still a lot of room for it to move but certainly its something that people are having their eyes on apart from the oil market in equities for example stocks or in safe havens like bonds or gold theres not movement away from equities into safe havens for example we just saw some very dramatic pictures that will be as you were talking about those all time because bunning if things were to escalate further would just leave europes oil supply. Well europe would not be directly affected at least not in the beginning because most of the oil for europe comes from other places leading suppliers or russia norway cause a stir on nigeri
Honeymoon from the rancher modis landslide victory was short lived reality struck as the economy lost its title as the worlds Fastest Growing large economy and truth the economy was brushed under the carpet as modi concentrated on Security Issues modi had carefully crafted his image around his track record in the Economic Development of his native state of gujarat he promised to repeat that performance nationwide the economy expanded just 5. 8 percent putting it firmly behind chinas growth of 6. 4 percent asias 3rd biggest economy managed to grow 6. 8 percent in the full fiscal year ending march 31st its slowest growth since 2014 and thats a problem because india needs to create 10000000 new jobs a year to keep up with the 1000000 young people entering the workforce every month and the trouble is that not even the former economic adviser believes the countrys economic numbers now modi has appointed the countrys 1st female finance minister since interior gandhi to tackle the challenges
Deep into the german culture of looking at stereotypes quite a bit here think you see the country that i know not the time. You dont seem to think for those gramma down you go its all about their new im rachel joins me from the german sunday w. Post. Oil markets are in turmoil after the 2 tankers were attacked close to the strait of hormuz soaking fears of growing risk around a vital shipping lane for Global Oil Supply is. Also on the show a pivot away from fossil fuels could see norways sauber in wealth fund dropping big names from its portfolio. And we tell you why turkey still takes Plastic Waste imports at a time where other countries are rejecting the. This is d. W. Business. And in berlin welcome we start with the latest escalations in the strait of hormuz where 2 oil tankers were attacked earlier on thursday or Oil Prices Spiked in the aftermath with brant crude hitting over 62. 00 a barrel immediately after news of the incident broke the strait of hormuz as one of the worlds mo
Imports at a time where other countries are rejecting them. This is v. W. Business im joined on in berlin welcome we start with the latest escalations in the straits of hormuz where 2 oil tankers were attacked earlier on thursday or Oil Prices Spiked in the aftermath with brant crude hitting over 62. 00 a barrel immediately after news of the incident broke the strait of hormuz as one of the worlds most strategically important choke points along the coast of iran almost a 3rd of all liquefied natural gas and almost 20 percent of Global Oil Production has to squeeze through here to exit the persian gulf and get out into the world. Our markets correspondent joins us now good to see the end whats been the reaction there to these attacks on wall street. Initially we saw the oil prices popping by about 3 and a half per cent but then by the end of the session we settled at around. 2 per cent and that after oil prices dropped by a good 20 percent in the month in may so at this point actually d