it's the final stage of a highly anticipated mega merger buyer is one step away from completing its takeover of monsanto but will it inherit the bad reputation of one of the world's most controversial company. also on the show as the e.u. takes the united states to the world trade organization over tariffs on european steel and aluminum the e.u. trade commissioner announces balancing measures. for global plastic plight the u.n. calls for a global cleanup to tackle pollution will go to southeast asia where mountains of plastic are ruining some of the best beaches in the world. and tourists and mother my daughter will be able to bunk up. in residential apartments a fight against mass tourism that could harm the island's economy. for business on the w. and how you got to get us welcome to the program the german chemicals group buyer

is very close to finishing its takeover of u.s. seeds giant monsanto the sixty three billion dollars buyout is set to close by air is ditching the name monsanto though it's been a target of protests and lawsuits for years but monsanto products will keep their names like round up which contains the controversial herbicide. that monsanto is crop protection technology and genetically modified seeds are vital to feeding a growing global population. there's a fisherman's cure our financial correspondent on wall street is joining us now hi sophie it's very good to see you know one thing away the name monsanto really get rid of the problems and the bad reputation associated with the company for a bunch. of it is highly unlikely but it's very clearly what bae is trying to do i mean the name months sometime have been the f.p.u. tome of evil per basic revie entire century

a company had to be draining farmers destroying the environment or poisoning our food so it looks like a buyer is spending a lot to possibly inherit a bad reputation when launching this takeover bid a buyer promised it would not introduce genetically modified crops in europe experts are still warning buyer is going to feel the impact of this bad reputation by association because some of the brand names which will become part of the new portfolio draw almost as much controversy as the parent company and fire is not going to change the thing so the danger of a knock on effect is real and could potentially damage face the stock price of buyer is well the stock is indeed down for the year those seen many changes in the sector of the agriculture in the last few months and years do you think that's it as far as location goes in the sector. well i mean this still takes place amid

a global shakeup if you buy sluggish crop prices so there's a huge need for this console dacian three method companies now control the market that supply agricultural inputs like feels like traits like chemicals and was farmers fear this prospect the new market power is certainly something that is also tempting to the stock market this specially after buyer got clearance from the u.s. department of justice canadian authorities the. commission so many hurdles have think their fully been taken in this two year quest now they're still next because the anti cafe agency left. so if you ask you on wall street thanks very much for the analysis. the european union is bracing itself for a trade war with the united states europe's highest trade representative cecilia strome warned on monday that the u.s. is playing a dangerous game that could spark

a trade war that nobody would win she said europe regards the us as a friend and does not want to trade war but is willing to take countermeasures if necessary you know we know how to treat war but we could be and that would be extremely serious if this situation escalates because i do not think trade wars are good and i don't think they are easy to win and that is something that many countries across the world change and i wouldn't say to protect the european union and other countries such as mexico and canada reacted last week against something that we thought was blatantly violating the w two routes we stand up for w t o rules so we took us to the w t o and we're also preparing a fully compliant w two rebalancing measures. german chancellor angela merkel has broken cover on euro zone reform responding to a speech by a french president a monarch or in april merkel agreed the founding of a european monetary fund and a common investment budget that was smaller one than

a core and a cause office says more work is needed on banking union suppose the two countries are aiming to agree on euro zone reforms later this month ahead of a key summit. they're billing at the biggest ever worldwide cleanup the un is calling on citizens and companies to fight plastic pollution and world environmental day this tuesday an estimated one hundred fifty million tons of plastic bottles and packaging are floating in the oceans killing marine life and entering the human food check the booming economies of southeast asia more plastic in the seas than the rest of the world combined. just south of the vietnamese capital hanoi the one sendek beach of how lucky is choking under the plastic onslaught. oh look officials struggle to keep up with the deluge which washes in with every high tide there seems to be more plastic than sand on this tree line form a paradise. they put everything in

a plastic bag if they're preserving shrimp or preserving fish they put it in a plastic back when they finish they just throw the bags into the ocean the trash floats to wherever the sea level rises and they done. a study by the university of georgia says vietnam is the world's fourth largest marine plastic polluter in thailand recently veterinarians fought for days to save a beached whale when their efforts failed an autopsy revealed eighty pieces of plastic rubbish wearing a total of eight kilograms in its stomach. toys use a phenomenal amount of plastic from street vendors selling satiety shop clerks putting purchases into multiple bags plastic bags that are part of daily life for thai workers who use them at lunch time to buy takeaway food thinking it was the last i need to use plastic bags because i usually don't have a bag on me. yeah. but if it's

a small item. i usually don't need a plastic bag. inside. a low plastic is everywhere there are no effective national or regional policies in place to deal with the problem. i see and. as ian says the problem needs to be addressed but there's no action plan that will actually decrease the ease of plastic. bangkok's metropolitan administration says the city's ten million residents use eighteen million plastic bags a day the problem has grown out of all proportions and much ends up on the country's beaches. to a place with other nice beaches the city of the spanish out of my georgia has decided that from july first residential parkman's can no longer be rented out to tourists it aims to fight mass tourism in the summer and stop rising rents for

travellers enjoy staying in apartments instead of hotels and some fear the measure could end up harming the island's tourism industry the last guest has just left and as to her level that is getting her vacation home ready for the next holiday make it the meal connective is allowed to rent a house that belonged to her grandparents even off to the first of july when i went there fortunately this is a detached house and although it still belongs to palma i was able to get a license. here the band doesn't apply to esther because it only affects apartments. she should be pleased because the scarce supply means there's more demand for her house but she shakes her head. on the contrary i think the terrorists are freed you've heard that a lot is changing here and i think that scares them all off. this is not me your car is just beginning in the capital palma there's no sign of tourists it's quiet.

but the island government's chief tourist officer defends the new rules and points out the mood in society. a best vantage vos a young turk quite a few voices in the political iowans who agree that we can no longer grow in summer . this is a serious issue because our primary objective is sustainability and that's why we can take more people in the summer so we can distribute them better throughout the year but not in summer than in my skin they made on so what is the point of the ban it's not that private rentals and palm are only forbidden and some are now there has spread represents five hundred landlords and strongly criticizes the ban the body without it it was the first time in history that the profits of tourism were whitely distributed in society the middle class benefited from it and with the new restrictive rules with these bans they managed to get profits back into the hands of the big hoteliers. that's what the little. as

expected spanish hotel chain really hotel supports the new rules. if some more cautiously. after this first summer we will see what the new measures will bring we believe that this is fair that the number of private rental should be controlled as well as the quality and taxation of this tourist business. with it that is tickle that's what many say. already complaining that. maybe the holiday apartments have been scared away. before we go global coffee chain starbucks chief executive power choice is stepping down he bought the company in one thousand eighty seven and launched it onto a global expansion he oversaw its transformation into a giant was twenty eight thousand coffee shops but he's not retiring and says he will support the title of c.e.o. emeritus. and that's all for g.w.

business thank you very much for joining us i'm going to go grab a coffee and you stay with us as you next time good bye. with.

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