on friday the world's leading industrialized countries began a g. seven summit in the canadian province of quebec. trade disputes are in the spotlight after washington announced tear ups on steel and aluminum imports u.s. president donald trump's move has drawn sharp criticism from long time allies many are now calling it a g six plus one summit instead of a g. seven summit. on wednesday the european union said it would launch retaliatory measures on july first american goods worth some three point four billion dollars are affected from agricultural products to steel to bourbon whiskey to. mexico has already imposed tariffs on u.s. goods and earlier this week canada announced it would also retaliate the escalating dispute has unsettled many companies including german agricultural machinery

producer close it depends heavily on exports and is now worried about its future. and the fear as a company with a high percentage of exports we can see that additional customs duties will make our products more expensive abroad and that means demand will decrease and we will produce less the result is a threat to our sales because the fence just owns outs but water is the company's biggest market outside europe is the u.s. duties on farm machinery aren't currently being discussed but global trade disputes and the threat of sanctions are unsettling to executives here klaus is staying away from the iranian market even though pent up demand for farm machinery there is an enormous the company doesn't want any problems with u.s. authorities who have reimposed things sions on tehran washington is threatening to punish those doing business with iran. it's

business with iran has always been volatile and the embargo won't improve things now and kompany we face the challenge of deciding whether we want problems with the americans or if we want to just get on with our business and. not. this combine harvester has only a short journey to northern germany so no political conflicts to worry about but klaus is domestic market is still small the company's jobs depend first and foremost on global trade. it took almost two years but it's finally done german pharmaceutical giant buyer has acquired u.s. seed producer monsanto for sixty three billion dollars. with its purchase buyer becomes the world's largest agro chemical company. that now has more than

thirty percent of the global market that's just ahead of the chinese swiss firm china china syngenta they're followed by the u.s. group though dupont with seventeen and a half percent. b.s.f. controls more than thirteen percent of the global market in other words just four corporate entities will determine the direction of global agriculture and the nutrition of humanity this while the world population grows to ten billion people by twenty fifty according to current estimates since farmland is an increasing these firms will have to find new strategies to increase agricultural production that explains why the agro chemical industry is widely seen as a growth market. german auto parts maker accounting and ties says the new e.u. data protection rules could cause it to accidentally break the law it's banned and snap chat on thirty six thousand company owned mobile phone. once used by its

employees continental has management thinks the two up supposed big risk mostly because they store user data on their own servers. the turkish central bank has raised interest rates to seventeen point seven five percent the move is aimed at propping up the lira and putting a lid on galloping inflation. many investors have been pulling their assets out of turkey amid political turbulence president richard type error one announced his intention to exert more control over economic policy if he wins this month's presidential election. german industry is beginning to slow down in april orders for industrial products dropped five two and a half percent from the previous month it was the fourth consecutive monthly decline the biggest drop was in domestic orders but current international trade disputes have also weighed on business sentiment. in. new

york city's chief medical examiner has ruled the death of american designer kate spade a suicide spit co-founded her namesake label kate spade new york in one nine hundred ninety three expanded from colorful handbags to other fashion accessories she later sold her stake in the business spades husband said the fifty five year old was suffering from depression. just south of the vietnamese capital one noise the one scenic feature of how luck is choking under the plastic onslaught officials there are struggling to keep up with the deluge that washes up with every high tide at this tree lined former pira dies there now seems to be more plastic than sand. or the out they put everything in a plastic bag if they're preserving shrimp or preserving fish they put it in a plastic bag when they finish they just throw the bags into the ocean the trash

floats to wherever the sea level rises and then they know there's a study by the university of georgia in the us says vietnam is the world's fourth largest marine plastic polluter recently in thailand veterinarians fought for days to save a beached whale when their efforts failed an autopsy revealed eighty pieces of plastic waste weighing a total of eight kilograms in its stomach time and consumes a phenomenal amount of plastic from street vendors selling saturday to shop clerks putting purchases into multiple bags and they've become a part of everyday life. thinking got it right that why i need to use plastic bags because i usually don't have a bag on me let me let me out right. now but if it's a small item. i usually don't need a plastic bag on the right. path already say bangkok's ten million residents

go through about eighty million plastic bags a day environmentalists are calling for action i see anything at the top of all i'm not as ian says the problem needs to be addressed but there's no action plan that will actually decrease the ease of plastic. the problem is growing and like in vietnam much of the waste and it's up on the country speeches. this villa once owned by a high ranking military official was confiscated by nigeria's economic and financial crimes commission that he has c c authorities have also marked many homes throughout the capital. they do so when there are suspicions about the origins of the money used to buy them. as soon as he took office nigerian president obama do bihari said he would return stolen money into the country's cash strapped coffers even money taken out of the country illegally. unfortunately

experience has been left over the. proceeds is very tedious. time quote. closely and it is just. that this should not to be the case. nigeria is currently negotiating with washington for the return of a half billion dollars worth of stolen state assets seized in the us. after long discussions switzerland agreed to transfer three hundred twenty two million dollars back to nigeria and april. civil society groups praise the two governments for agreeing to use the funds to fight poverty. that hasn't always been the case. improve on this i formation that we can put in public domain by the way you keep

the secret then so yes i want to think that's what the suspicion is that the government is not completely open about it there's definitely more information to come to disclose that is yet to be disclosed in town so exactly how much in the quote this is the how much is we add and possibly not to be used to be used. the nigerian government has been slow to release details. its figures show authorities recovered a total of two point nine billion dollars worth of embezzled assets between may two thousand and fifteen and october twenty seventh teen. most of it was still in nigeria. it's time to celebrate the growers in bulgaria as rose valley had worked hard over the past month every day at dawn they start to holland sacks of rose blossoms that will later be pressed for oil. roses have been cultivated in this region of central

bulgaria for nearly two hundred years the oils are world renowned the livelihoods of the small scale growers and oil producers are into woven with the fate. the flower it also they get out of the roses are the main source of income here in our region and it's very important for everyone that there's an elbow gary in saying one day provides enough for the whole year there are whole families that live from growing roses. but the industry is a prickly one locals fear that climate change will make harvests unpredictable and could affect quality currently however crops are booming yields have risen twenty two percent in the past two years according to the country's ministry of agriculture that's also a problem prices are going down as a result putting pressure on small scale growers many lack of fixed price contracts with rose oil producers and they have laborers to pay stakeholders now say the

industry needs tighter controls to protect growers from volatility and to ensure quality. know when they met there needs to be control and regulation on every level in our production starting from the plants the material the picking process and choosing the flowers to finely the qualification and export of bulgarian rose oil. is north of the both of them a small. bowl gary is government is now working on just such a plan supporters hope it can stabilize the industry and ensure there are enough roses for future celebrations.

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but for many poor people you don't first their chance of survival and i could be lunch for today just like. our reporters travel to nairobi and joins me people who know the true value of garbage. it has created a thriving parallel economy. but what does all this mean for economic inequality around the world you guys are starting class warfare the response to that state mr b. yes we all started class walk again because retired players are rich. and exclusive report starting june eleventh on g.w. .