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tv   Business Briefing  BBC News  April 9, 2018 5:30am-5:46am BST

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this is business briefing. i'm sally bundock. the marine industry meets to crack down on global warming. but can the sector's bosses really come up with a binding agreement? donald trump predicts china will ease its threatened tariffs on us goods. we'll assess the reaction from asia. and a new trading week is underway in asia with a mixed picture emerging as investors weigh up the threats keeping traders appetite for risk in check. today, leaders from the global shipping industry are meeting in london in an attempt to cut carbon emissions. shipping is the backbone of the global economy, it's responsible for 90% of world trade, but the industry could have an even bigger role in determining the future
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of the environment. back in 2016, politicians signed the landmark paris climate change deal, which aimed to limit global warming to below 2 degrees above pre—industrial levels. but there is currently no agreement to limit carbon dioxide emissions in the shipping industry and according to the international maritime organisation — c02 levels could increase by as much as 250% by the second half of the century. countries around the world disagree as to how carbon emissions can be reduced, but the european union says that unless a global deal is reached, the eu will incorporate c02 in its emissions trading scheme. with me is dexter galvin from cdp, which helps companies assess their environmental impact. good to have you here. while i was
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reading that out you were nodding away. in terms of the maritime industry, what are you calling for in terms of trained, change? we are looking for an ambitious and binding agreement, emissions reductions between 70 and 100% to be in line with the ink —— ambition of the paris agreement, that is keeping richer rises to 1.5 degrees, well below two degrees. the industry 's meeting later today to discuss this. are they on board with your ambitious plans or what are they actually saying is realistic from their point of view? at the moment this is that represents about 2— 3% of global emissions, the concern is that if left unchecked, these guys could represent 45% of global emissions by 2050. that is unacceptable. they have sidestepped the paris agreement. we need more
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ambitious action from them. —— 25%. in their annual disclosure, some of it these companies have actually called on the sector to make ambitious and binding agreements because that would give them regulatory certainty and that in turn allows investors to make investments in industry with certainty and big corporate purchases to support this. is there going to be help for the shipping industry? i nature, it has these huge initial capital outflows to up ta ke huge initial capital outflows to up take their vessels, it is not cheap why any means and many of them are quite old and therefore quite polluting. how are they being helped either point of view of government help or international bodies helping them from that perspective? about
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half of the emissions that we are looking for is achievable. updating the ships they have? for instance there is a large dutch shipping company and that they have reported to the cdp, just by changing the whole of the ship, they can rid use by 90 cents. to reduce on loading times on ports are. ——9 %. all of these can reduce emissions at right 110w. these can reduce emissions at right now. then is to be an international reaction because by nature the industry is global, you cannot have one part of the european union setting one set of laws and rules and other parts of the world doing their own thing, where asia and shipping is booming. there is a ——
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there is a dangerous and lack of transparency in this industry. they need to be more transparent, they need to be more transparent, they need to be more transparent, they need to disclose what they are doing. 0nly need to disclose what they are doing. only 30% of large, listed corporations actually disclose their data to us on their action on climate change. that is a low figure compared to automotive, half of the sector is very transparent. so we need to stop allowing the industry to sidestep global agreement like this. 90% of global trade travels through these shippers. and keep coming in and explaining. —— thanks for coming in. donald trump has taken to twitter to say that he can see an end to the trade dispute with china, which has seen beijing and washington impose tens of billions of dollars of tariffs on each others goods. he says he thinks china will reverse its new tariff. let's go to our asia business hub where shara njit leyl is following the story. this is ongoing with regards to the
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event going on web resident xi jinping is about to speak. event going on web resident xi jinping is about to speak. president trump rejecting that china would ta ke trump rejecting that china would take down its trade barriers because as he put it, it is the right thing to do. that is coming in as a bit of a hint of optimism in the escalating trade between the world ‘s two largest economies and of course, this after all of that stuff that transpired last week, where the us president threatened to slap $100 million —— 100 un dollars more of trade paris, where china said it would respond with countermeasures. it will continue to be the focal point this week because we are a hearing next from xi jinping, point this week because we are a hearing next from xijinping, who will deliver the keynote address at
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the asian version of the world economic forum, beginning on the resort island of hainan. investors will be looking for any escalations of these trade tensions and how hard china might push back. we have heard so china might push back. we have heard so far is that china is unlikely to sell off us debt in this dispute, this coming from a research at the government run china academy of social sciences, who said they are unlikely to sell off their holdings of us bonds as a tactic to win the trade dispute with the us. it continues to be a topic we are watching this week. chris sheldrake chris sheldra ke is chris sheldrake is the chief executive of the digital assistant what three words and his biggest plan was to address the world into
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three metre squares and given a unique address and they would be able to tell firms were to deliver items. said it would be vital in countries where non— numbers in countries where non— numbers in countries do not exist. when you have a big bold vision to do something really differently, you have to tell people why. why it matters. there is a huge part of the middle east, asia, africa where countries have not built address systems are. all of these places can benefit from having addresses. we said we have a great idea to change the world with three words. people are like, i
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don't think so, because it seems a bit radical. we started out by saying this is what we looked and explained that the technical bit, but we forgot the why. why this matters to somebody who hasn't received a mail, why it matters to get emergency services to places with no address. we have reshaped the way that we have told that story so the way that we have told that story so people understand what value this has. that is chris sheldrake there. we have a lot of comments from company bosses on websites to share their gems, polls of wisdom. i want to mention a very important story that has been emerging overnight. it's all change at the top for germany's deutsche bank. it's replacing its ceo john cryan with one of his deputies, christian sewing.
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the company says the change will take effect immediately. deutsche bank has been struggling to make a profit and its share price has plunged 27% in a year. facebook has suspended another data collection firm over privacy concerns. the company says it has taken the action against analytics company cubeyou, pending an investigation. facebook has lost billions in market value after it admitted that up to 87 million customers may have had their personal information misused by another data firm cambridge analytica. we have our news briefing very shortly. if you want to hear it about the change of the boss at the deutsche bank, lots more details on oui’ deutsche bank, lots more details on our website. a fall
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afall in a fall in police numbers has likely linked to increases in crime, according to a home office and. the home office says it won't comment, and will set out measures to tackle crime later. jessica parker has more details. a boy goes out to sell drugs in derbyshire. gangs get young, vulnerable people to traffic drugs out of the cities to sell in the counties using dedicated mobile phones known as lions, it leads to
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explication and violent. after falling out with the gang, the body alongside his girlfriend is chased by gang members. he escapes. a police investigation seized nearly two d oze n police investigation seized nearly two dozen people sentenced. the network was designed to protect those higher up in the chain. the organised crime group individuals hold none of the risk. they are not going out and dealing drugs, not having to interact with other dealers and they haven't got drugs on their person. government has announced a creation of a new centre to co—ordinate a national response to co—ordinate a national response to this issue of county lines. it is pa rt to this issue of county lines. it is part of the £40 million strategy to tackle serious violence on our streets. but now, week home office analysis seen by the bbc says that a fall in police numbers has likely contributed at least in part, to a rise in serious violence of. the government states it won't comment on the weeks, but the analysis will
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give its critics that it is a. jessica parker, bbc news. more on a story at six o'clock, as well as all the other news from coming up in brea kfast. this is the briefing from bbc news. the latest headlines: syria says one of its military airbases has been attacked by missiles, a day after a suspected chemical attack on a suburb of damascus. there are reports of loud explosions near an airfield in the city of homs. syria claims to have shot down eight missiles. the us denies any knowledge of an attack. the incumbent, viktor 0rban, has declared victory in hungary's general election. his right wing party, fidesz, is projected to have won almost 50% of votes and two—thirds of the seats in parliament. mr 0rban says his re—election is an opportunity to defend the country's borders. bill cosby is facing allegations of
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sexual assault. he denies any wrongdoing. now it is time to look at the stories that are making the headlines in media across the world. starting with the coverage of the alleged chemical attack that took place in syria on sunday. we begin with the arab news, which looks at the global condemnation that has erupted in the wake of the what the paper calls a "mindless chemical attack", that killed up to 70 women and children in the syrian town of douma. 0n on to other stories now... wired magazine asks whether social media really is to blame for the recent spate of knife crime in london. uk police have launched 55 murder inquiries since
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the beginning of 2018. the ft reports on tech giant apple, which has received assurances from saudi arabia that the company will not face prosecution for mixing genders in the workplace. the telegraph says a uk tax break used by thousands of entrepreneurs to attract top talent has been suspended amid a bureaucratic deadlock between london and brussels. and finally, the future is fast approaching as face scanning software sees an explosion of applications, according to the china daily. the paper says artificial intelligence visual recognition tech could be worth billions of dollars.

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