several high profile clubs including on the last stand and dreaming league champions club bruges have been targeted and police are investigating on norfolk being miss made between agents players and coaches from last season club bruges coach yvonne is among those detained by police for further questioning. you're watching the news and more coming up in business news shocking to say with us if you can. i'm not nothing out of the well i guess sometimes i am but mostly i'm nothing with the time we've been think deep into the german culture of. nudity we think there's grandma day oh you got us it's all about who said no i'm rachel join me for me to get on the gulf coast climate change. waste.

pollution. isn't it time for a good. go at africa people and projects that are changing our environment for the better gives up to us to make a difference let's shut. it to an. employment magazine. long d w. this ability of the global financial system is under threat not just me saying that that's the stark warning coming from the world bank and the international monetary fund off of both flow of the global growth for costs across the board. and the european union agrees to curb car emissions by thirty five percent. in the coming

years why that is a challenge for german carmakers and will it make a difference in the big picture. also kind of an ogre it's a billion dollar business overnight kind of this is becoming a growth industry. this is it every business has welcomed the global financial system is increasing the unstable that's the conclusion of a report by the international monetary fund and the world bank card meeting on the enemies an island of bali are the two institutions lowered their global growth forecasts they're seeing a whole array of challenges that pose considerable threats to the world's financial stability. trade war is unsustainable das and the prospect of a no deal breakers these are just some of the risks to global financial stability mentioned in the i and math reports. if you think it all find pretty bleak take

heart from the i.m.f. chief christine legarde on. what it is tempting to be a bit depressed about this perspective i am actually hopeful because there is a clear appetite to improve and expand trade think of the florey of welcome discussions and proposals to strengthen the w.t. you all think of all the new trade deals such as d.p.p. eleven. the regional african trade agreement and the progress made on the us mexico canada deal we have progress in some areas yes but all this against a backdrop of a trade war between the united states and china. the world bank had a sober message about it had to take for ta ta response between the world's top two economies could top the contagion effect. protections trade policies can cause a chain reaction as more countries adopt similar measures. the global recovery is

built on investment and there's a real danger that businesses will decide to wait for more policy clarity before engaging in new projects ten years after the last global financial crisis there's a whole new set of risks to the world economy. whether it's trade war is the question of upholding international banking regulations or britain leaving the e.u. to vote for it suggests that without political cooperation the cracks in the financial system will only widen. so i was serious is this. who is in our financial correspondent standing by in frankfurt how did markets react to this for the polls. well this has been the second warning by the i.m.f. in only twenty four hours so it added of course to the has a very bad mood on the financial markets right now because well all the optimistic

points that the i.m.f. chief legard had to mention there in bali did not sound very convincing i mean those proposals to threat strengthen the w t o the world trade organization or the t.p. p. the trans pacific partnership one important player is not taking part in this and this is the united states and what i've got and her team of the i.m.f. have been very hesitant to directly criticize the united states and its administration in the face of course a lot of those dangerous undercurrents that the i.m.f. has talked about there in bali are addressing american policies you know the trade policies the tax cuts that sort of influence a worldwide financial flows stuff like this one of the one of those undercurrents of course is the trades conflict between the u.s. and china and that seems to be as good as in further now the americans are suspecting turn see a money bill asian what happened here was more. well steve who is the

secretary of the treasury the finance minister of the u.s. has said that the americans are looking into this tomorrow is supposed to meet his chinese counterpart at this i.m.f. meeting in bali and he said that he would address the topic there. are boo's in the in the frankfurt thank you very much. european union wants its car industry's fleet to emit thirty five percent less carbon dioxide by twenty thirty that's when european union environment ministers meeting in luxembourg have agreed on negotiations showed a rift between eastern and western europe germany backed by eastern states fiercely resisted the forty percent cut which the european parliament had voted for last week luxembourg the netherlands and nordic states have pushed for ten much more ambitious reductions. the german automobile industry is furious they say the target

of reducing carbon dioxide emissions by thirty five percent is totally unrealistic unfulfillable according to the d.d.a. automotive industry association they say manufacturers have already exhausted all available fuel saving technology now jobs in the industry are in danger. it's more than regrettable that the majority of member states couldn't find the strength to balance climate protection and employment security in no part of the world are comparable goals in sight it means that in international competition the european carmakers will labor under a heavier burden than their competitors. in the negotiation some countries like ireland for example suggested reducing carbon dioxide emissions by half an easy demand when one has no domestic auto industry but even countries like france and italy with important car sectors lobbied for significant cuts their automakers

concentrate more on smaller vehicles which in at lower levels of carbon dioxide responded to the news german chancellor angela merkel adopted a conciliatory tone. so does this i need it's good that there's an agreement even in it because if there hadn't been one of the european auto industry what it has had an uncertainty ahead of the european election and that wouldn't have sent a good signal all in all so it's a justifiable result give us an idea. in fact that both of those are tied to this. the stricter the targets the greater the pressure on manufacturers to sell more cars with zero emissions such as purity electric vehicles but as yet german manufacturers don't have much to offer in that field and they don't have much time to catch up with a game. that's. more analysis and insight on this deal with our correspondent barbara bezos standing by in brussels barbara how much of a difference with the c o two reduction. in the e.u.

make in global scale and global emissions. now we're quite honest about this garrett the is going to be rather like a spit in the ocean because actually if you consider that all vehicle emissions worldwide amount to about seventeen point five percent that's what the statistics people say or the global emissions overall and then if you look at the european side of that of course this is only a tiny fraction but we should not underestimate of course in this the the role of the european union it's supposed to be the the pace setter in climate protection and it's supposed to come up was technological solutions and therefore the codes do play a part of course in the whole it on the international scene with regard to climate protection and so that that's why the battle is so fierce because some people say

we just have to go forward much more quickly and then is set the model for other countries and show them that it can be done and germany and some eastern european countries are really legging saying no we can't move that quickly we're just not that far ahead. developing electric vehicles for instance and that is their own problem that's what critics say. and brussels thank you. next wednesday is going to be an important day for many people in canada on oct seventeenth the recreational use of marianna will become legal only those who like an occasional spliff are getting excited because we have a citizens from the government will try to cash in on it canadian provinces are called to be preparing for attacks from the. cannabis is big business and businesses in canada have been gearing up for the big day even medium sized

producers like pure sun fams expect to send significant volumes to market conservative fork out the seventy five thousand kilograms the. can it is cannabis industry has bloom since the liberals came to government the country has more than twenty publicly traded marijuana companies with a combined market value of twenty three billion dollars unlike in the us marijuana is illegal at the federal level the canadian cannabis industry will have access to banking and mail delivery customers will be able to order marijuana online and have it delivered to their door. we will soon have a new system in place one that keeps cannabis out of the hands of our kids and keeps profits away from organized crime and like any new industry can it is cannabis sector also means new jobs deloitte estimates as many as one hundred fifty thousand new jobs across the country. but this budding industry will have to fight

for a small share of the profits it's canada's provincial governments that will be the biggest winners the provinces will make around three billion dollars a year from licenses and taxes. and that's it for me and the business team here and there was an update for you in the next hour and there's more news coming up at the top of the hour if you can't wait that long do with check out our twitter and facebook social media feeds all visit our website dot com slash business before we go here's a real time check on global markets at this hour thank you very much for watching the business.

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