this is the business briefing. i'm victoria fritz. fashion today, landfill tomorrow. just 1% of clothes manufactured are recycled. we'll be meeting the entrepreneur looking to change the way we feel about fashion. and, oil prices spike following a us airstrike which kills a top iranian general, as fears rise of retaliation. and on the markets: wall street closed at a record high on the first trading day of the year. we will be keeping an eye on those oil prices and coming back to them later in the programme.

never has the fashion and textile industry come under such scrutiny. as the industry continues to grow, the strain it puts on the environment seems to be intensifying. on the eve of london men's fashion week, we take a look at the case stacking up against fashion. every year, global emissions from textile production are equivalent to 1.2 billion tonnes of c02 — a figure that outweighs the carbon footprint of international flights and shipping combined. meanwhile, the environmental impact of discarded clothes is staggering. three years ago, a bcg report put the level of dumped fashion at 92 million tons worldwide. 70% of everything that's bought in the shop. the circular economy is still a long way off.

in the uk, for example, less than 1% of textiles currently recovered for recycling are turned into new garments, largely due to the difficulty of mechanically or chemically separating textile blends. this is one of the big problem. the proportion of synthetic fibres, such as polyester, in our garments has doubled since 2000, rising to 60% in 2019. these fibres are produced from oil. 0ne polyester shirt has a 5.5kg carbon footprint, compared to just 2.1kg for a cotton shirt. let's get more on this story. evelyn mora is a 27—year—old finnish entrepreneur, consultant for the ministry of environment of finland and vogue, among others, and founder of helsinki fashion week, and shejoins me now from paris. where very international here on

this programme. your industry appears to be a public enemy number one, certainly in terms of environmental concerns. what needs to change? good morning victoria, thank you so much for having me. so basically what needs to change is oui’ basically what needs to change is our mindsets. we need to reorganise oui’ our mindsets. we need to reorganise our priorities and redesign the fashion industry. who are the main culprits, who is spinning the fast fashion will? actually it is fashion brands, factories and also the media. it is a group of different actors in the fashion industry who sort of feed each other. it requires a collaboration and a collect of movement. let's start with the first of those, the fashion brands. there's been a lot of criticism about well known high street brands

are green—washing — saying one thing but sidestepping real action? and instead, they just and instead, theyjust run all of these very fancy campaigns about how sustainable they. is that true? they are greenwashing unfortunately but we need to pay attention to the fact that it we need to pay attention to the fact thatitis we need to pay attention to the fact that it is important to be able to communicate about the development, in steps as well. nobody can change overnight but it is important to really create impact for the different campaigns and communication that you actually give out as opposed to make a brand and a company to consumers and other brands. when washing is happening so it is very difficult as a consumer to actually buy a sustainable clothing, it is very misleading u nfortu nately. clothing, it is very misleading unfortunately. inspection rebellion and other activists across the country are calling for places like —— extinction, calling for events like london fashion week to be

scrapped completely, given the amount of energy and resources and money they managed to stuck in —— stuck in. they do they have a point? absolutely they have a point. i think fashion weeks are an important platform. i'm not for completely stopping them stop definitely there isa stopping them stop definitely there is a lot of improvement that is needed and i know because i've walked the talk. it is possible to create sustainable events and you need to take a lot of things into consideration, put a lot of thought and work into it but is absently possible. all of the fashion weeks needs to do is to make the decision to become more sustainable and conscious about the challenges and support them with their choices and work basically. we going to leave it there. thank you very much. thank you. oil prices have soared more than 4% following news that the us has killed a top iranian general, fanning fresh fears of a conflict in the crude—rich region. let's go to our asia business hub

where shara njit leyl is following the story. it's not so much that iran is able to produce oil and bring it out on the market because of course there are sections against that. it is this risk premium isn't it. actually, you set it. 0il this risk premium isn't it. actually, you set it. oil prices jumping as much as $2 a barrel following the killing of the iranian military leader qasem soleimani in a us authorised strike. really leading toa us authorised strike. really leading to a huge escalation in tensions. that risk you mentioned between washington and run, could of course threaten it the world's crude suppliers. 0il rose sharply on that news with brent crude initially rallying before parrying some of its games and it is after the pentagon said, president trump actually authorised the strike on qasem

soleimani who was the leader of iran's quds force. investors are growing increasingly worried about the effects of a possible flareup in the effects of a possible flareup in the middle east on suppliers of the commodities. the killing of course comes commodities. the killing of course co m es after commodities. the killing of course comes after a pro at iran mob this week laid siege to the us embassy in iraq following a deadly american airstrikes. 0il iraq following a deadly american airstrikes. oil prices last saw a record search like this in september. that was after attacks on the two saudi arabian facilities briefly slashed output by half with president trump blaming iran for that attack. we also seeing interestingly, a safe haven investment such as gold prices climbing at the moment. . thank you very much. now let's brief you on some other business stories: hsbc bank has suspended services in its hong kong branches after damage from new yea r‘s day protests. protesters attacked some of its branches and graffiti was daubed on the famouspair of lions that guard its city—centre headquarters.

as we've reported, former nissan boss carlos ghosn skipped bail and arrived in lebanon, which doesn't have an extradition treaty with japan. now interpol have put out a red notice for mr ghosn‘s arrest. that's a request for assistance but interpol can't force its members to comply. for almost a hundred years, we've been using them to wrap our cuts and burns but now they world gets through billions of dollars of it with a year. so who first came up with a year. so who first came up with the idea of the ready first bandage that sticks to the skin. it's the band—aid, or the sticking plaster as the british call them. it is the instant cover—up for cuts and burns. it was invented by this man right here. the american earl dixon

whose wife, this years, often injured herself around the house. she founded a pain trying to make a bandage i—handed to patch her wounds. so el took a long strip of surgical tape and then put some cotton gauze down along the middle. hey presto! if you wanted a plaster, she would just have to cut a little bit off the end. earl worked for the big medical supplies company. there is, johnson &johnson. big medical supplies company. there is, johnson & johnson. they big medical supplies company. there is, johnson &johnson. they took his idea and brought it out in 1921 as the band—aid sales only took off three years later after they brought out precut strips. the idea went global, it was launched in germany and elastoplast was lodged in the uk. nowadays, this industry makes two point wonder billion dollars every year. lucky for them, we have so every year. lucky for them, we have so many accidents. if you went away, you properly are

now. let's check in with the markets before i go. you can see the markets pretty mixed. we did see record highs on wall street. let's switch it up and see what is having a look with the oil price at the moment. you can see light crude up 3%. $68 a barrel at the moment for light crude. the goal price pretty firm and fat at the moment. all of these safe haven assets and really a reflection of what is going on at the united states and iran and the escalation of tensions there following bs strike that killed a top general in the country. plenty more coming up a little bit later. next up! more coming up a little bit later. next up i got a news briefing and will be going through some of the headlines and the airstrikes and the bushfires in australia.

we've had some warm weather in recent years but now it's officially record—breaking with the last decade recorded as the second hottest in the past 100 years. met office analysis shows at least two of the highest temperatures were recorded in february and july of last year. 0ur science correspondent pallab ghosh has more. the last decade holds december‘s eight all—time past uk temperature records and anyone low to mature record. according to the met office, the fact that so many of the high—temperature the fact that so many of the high—temperatu re records the fact that so many of the high—temperature records have been set is likely to be a result of the climate warming. in 2019, these included 21.2dc on the 26th of february in london.

without average temperatures are increasing, cold extremes do occur. for example, the so—called best from the east in 2018 resulted in the cold est the east in 2018 resulted in the coldest march day on record. in the past decade, have been far more high—temperature past decade, have been far more high—temperatu re records than past decade, have been far more high—temperature records than cold ones. a dog has been found abandoned in a church in blackpool with a note from its former owner saying ‘i'm so sorry‘ for leaving the animal. the staffordshire bull terrier—cross, who has now been named cracker, was found at the sacred heart church in blackpool. the handwritten note said: "life has taken a really bad turn for me and i couldn't imagine him being outside with me cold and hungry. the rspca said it wanted to trace the owner of cracker, to see what they could do to help them.

this in the briefing from bbc news, oasis headlines voice. the united states military has killed the qasem soleimani, the amanda, commander of the elite quds force. iran has confirmed the general‘s death. the navies evacuating over a hundred people from mallacoota in victoria, a town almost encircled by wildfires. it is part of the authorities attempts to get people to safety before a forecast rise in temperatures. and they have been in paris between police and supporters of the transport strike in france. the dispute is now the country's longest continuous railway strike. unions oppose a government plan to

merge 42 pension schemes into just one system. it is the time of the day that we take a look at some of the stories in the papers across the world and we begin with politico and it says trump takes a massive gamble with world and we begin with politico and it says trump takes a massive gamble with the world and we begin with politico and it says trump takes a massive gamble with the killing world and we begin with politico and it says trump takes a massive gamble with the killing of world and we begin with politico and it says trump takes a massive gamble with the killing of the world and we begin with politico and it says trump takes a massive gamble with the killing of the iranian commander. the australian newspaper dedicates its front page to what it calls it the biggest evacuation in the country's history. thousands of fleeing the bushfires in australia at the moment. 0nto the financial times and reporting on a story in the uk, very bizarre. the prime minister's chief adviser dominic cummings is shaking up whitehall or attempts to with the civil service with this recruitment drive for widows and artists. maybe i should apply. the new york times is looking at the united states banning some flavoured of apes, describing at the final action as a

compromise between helping teams and the industry. i tried a dopamine fast and a kind of sucked. that is the reporter ‘s verdict after trying this latest fad, this fad that has come from silicon valley. if you've not heard about it, we will explain all and i'll be explaining all withjoel who isa i'll be explaining all withjoel who is a partner and former director of the medications at the africa development bank. happy new year to you. we've got a lot of news to start the year. something that has surprised people a lot in the last few hours, the killing of an arabian commander. politico at the forefront of this, this article is looking at the question of this elimination of what they call a dangerous us foe, but at what