pulling millions of people out of poverty has also finds herself. and european stock markets open italy's flouting of the globe's financial rules. i mean physical and let's do business after a record breaking debut in new york in 2014 wants to work its magic again with the 2nd listing but the chinese e-commerce leda is reportedly looking to hong kong instead so far shares of valley bob are only listed on wall street their launch their raised $25000000000.00 that was the world's largest initial public offering the move comes with china in the united states low in an escalating trade battle beijing is trying to get its tech titans to list closer to home. for reportedly the community covers china and chinese companies is this all about hedging bets which any company would do or is it more about the trade war with the u.s. well i think it's

a bit of both definitely hedging bets it's doing it's it's doing what it needs to raise capital and again the last time as you mentioned it was in new york and was 25000000000 this time it's in hong kong it's 20000000000 the fact that they're going to hong kong bringing it back closer to home as it were at a time when there's a trade conflict with the u.s. is clearly a signal and also a trade front is a report today of china warning should restrict gregg exports to the u.s. it isn't that one of its big boggling ships in this war it is almost it's almost like they're lining up the docks at the moment there's sort of you know the both sides in the trade war are sort of entrenching themselves and getting ready for what could be a longer battle i think. the rare earths is definitely a big big weapon that they have at their disposal bliz huge weapon because it's used in texas the u.s. really relies on china dozens as well of course and there's also the weapons aspect to it yeah that's right i mean you know it's very likely that everyone watching this has got a rare earth somewhere but there. in

a phone or in their ear buds or whatever so and then of course is the defense aspect too so it's clearly a big one for the chinese does china have anything else up its sleeve or is that really one of its last big bugging chips i think there's still a lot of areas that china could look at obviously we don't know what direction are going to go but there's a lot of american companies for example in in china like starbucks you know and we have. coca-cola and things that are out and if they were to for example to go the way of maybe organizing some kind of unofficial boycott that could be could be quite challenging for these companies so maybe that would be one possible area and they've done that successfully with other countries before stopping with south korea so that there are other options still open to the to the chinese in this trade conflict just briefly will we see other chinese companies also moving closer to home when it comes to listings i think so jim ping the president has called for technological self-reliance there's a focus on hong kong now because it's changed its listing rules so it makes it

easier for companies to list so i think we're going to see a lot a lot more companies go opting for hong kong quicker and thank you very much for coming in. well it's increasingly becoming a deadly race season mountain is a blaming the pole and its reluctance to limit permits to scale mount everest over crowding close to the summit is the main problem an american climber is the 11th to die this season. they came for an adventure in the remotest place on earth they don't accuse carnage and tragedy. the man who filmed this long breathless crawl to the top of everest turned back fearing for his life. it has become a death raised there because there was massive traffic jam and people are pushing themselves who are not even care people of doing it they do it they try to summit and they instead of summiting they kill themselves and it's turned into a bad thing and i think people should really look into it. the reason for the

sneaking lines of mountaineers at the top of the world a record number of parent and a narrow window of good weather the delays made the already stream conditioned worse according to this climber who has the scars to prove it. were not that i had to wait a while for the traffic to decrease so we could go. back that because of that i was very cold and i was protecting myself. a that i needed that if there was no traffic then maybe this frostbite would not have happened. robin fisher is one of the 11 people to have died this season he shot this video describing the conditions as he set out for the summit. but is at the death zone near the hillary step where the congestion is most

dangerous to resume officials have promised to implement safety barriers but no limit the number of climbers who come to our mountains is actually quite low compared to other countries we're not going to fix or limit the number of climbers we're trying to get more tourists and climbers to come to nepal by giving them better facilities and safety we want to encourage them to come for both pleasure and fame. as cleanup operations get underway on everest it's not just rubbish they're collecting for more bodies were plucked off the mountain another reminder that the pursuit of pleasure and fame can come at a grievous price. malaysia is refusing to become a dumping ground for richer nations the government says it will no longer accept plastic waste imports volumes have tripled over the past few years reaching $870000.00 tonnes a year the environment minister warns they'll just ship it back in the future china

suddenly stopped taking plastic waste for recycling last year saying it wanted to clean up its own environment southeast asian nations then stepped in to plug that gap and have added enough. china's economic transformation has been one of the biggest stories of the past decades since 979 market reform and foreign investment have helped 700000000 people work their way out of poverty china has become the world's 2nd largest economy the communist party says because of reform less than one percent around $30000000.00 people live below the poverty line they earn less than a dollar a day and the government plans to cut the number of people living in absolute poverty to 0 by 2020 but the wealth gap is growing at the same time the richest 100 people now have more wealth than the poorest 2 fifths of the population combined the difference in incomes between urban and rural areas is a key driver of income of course inequality and the state's efforts to combat

poverty have backfired in other ways. this is what poverty looks like for those that have not profited from china's rapid economic development. have a place to live that's why we're living here. once the sun family lived on a large house boat anough to accommodate their clan of 17 but that was confiscated and destroyed by the chinese authorities. this is all that remains. here was where we live. and next thing. you see my son sometimes runs into this price around here because he always thinks this is home. what are the want to come here son come here. you always feel you know what you will hit your head come here

come here to your dad's the destruction of the son residence is part of a government push to get fishermen and their families off the reverse what do you want us there what are your my dream is to have a place to live. my family can or live in the house and i can go work for others and stop fishing now even fishing is illegal i want to stop fishing i can carry cement and bricks in around 100 yuan everyone from my family can have food to eat and be together. it is dream is to come true sun says he will have to find a different profession so his children can have a better future but until that happens he will have to depend on fishing to feed his family even though it is now illegal. italy is bracing itself for a 3000000000 euro fine from brussels that's according to deputy prime minister material salvini the european commission is expected to start disciplinary action

soon against wrong for breaking budget rules the commission writes italy as the euro zone's worst before the growth is well below other countries debt is at a record high. for the natural course on it will be joins us now from frankfurt tell us about the market reaction only. yeah the market has been subdued because of that news and that development and it doesn't look as if italy is going to want to comply any time soon the deputy prime ministers of any of the league is quoted in the report demanding that the e.c. be guaranteed government debt in order to keep interest rates down the burden down and the market is reacting the italian bonds are going down the yields are at a 2 year low that's not good news because they are at a 2 year high that's not good news and the italian equities are also being sold off and it's propelling the prices of. investments that are assumed safe like german

bunds german government bonds. also and that's depressing their yields there's a huge spread between what italy has to pay and what germany doesn't have to pay and that basically says all that you need to know the atop of the italian situation is worrying the markets fully does this all mean these so-called doom loop that analysts have been warning us about is still a threat. it's still a threat that doesn't need to happen and nobody's really saying that but it could happen everything is in place the tally in government is not willing to compromise the e.u. is continuing to put on pressure the markets are getting more and more nervous and they just need to get that little bit more nervous for italian bonds to go down further and drive up interest rates also for homeowners rather people seeking credit that puts the economy under pressure puts the government under renewed

pressure and hurts the banks also many of which are sitting on mountains of debt only votes 1st of the fact that self exchange. and the european central bank is circulating updated 10200 euro bills from today and you bank make use of innovative security features. feel look and tilt that's the method to spot them there's a brand new satellite hologram showing small euro symbols that move around the number they're easier to read for the visually impaired but my friends will be happy about that and you know it's complete the 2nd generation of us now from boston business with a. plug

. in.

kick off special. 6 times undefeated european champions. and i'm limping. to a national soccer team the team inside the sun. i'm told still germany's winning football lists. double. their super shiny many hide themselves away super secretive then you'll have the thing going and going super rich definitely around 20000000000 more like. germany's wealthiest people live why do they keep such a low profile we have a super rich to catch a glimpse of top of the discrete lives of the super rich starts june 10th on c.w.

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documentary to. play last. place . this is deja vu news live from berlin and the race begins to fill the easynews top job european heads of government are in brussels to discuss a replacement for commission president john plug. but france and germany appear to be heading for a showdown. also coming up a storm wraps on social media as the leader of germany's conservatives appears to call for free speech to be limited after you tube criticized the party plus

a big surprise in german football outside.