what happens when one of your famous private passages goes roll on your own products. is his business. plans for a new tax on plastic bags in indonesia looks set to be delayed lawmakers have to side to put back a decision to confirm government proposals and loses $700000.00 thought to go through almost 10000000000 plastic bags each year making it the world's 2nd biggest contributor to plastic waste in the oceans the government is proposing excise duty of just over $2.00 per kilo or less than $0.02 per bag it says legislation remains on track to be introduced this year despite the latest delay. let's go to asia finance correspondent. in the. plastic is a global problem but also lots of it comes from the philippines vietnam china and

conceptual other countries dumped more than half of the $8000000.00 tons of plastic ways that end up in the oceans every year according to a report from 22017 a is there enough awareness of void in plastics in the whole region. well there had at 1st the awareness has not been was not very white particularly in developing countries like indonesia for example like what you cited and even in countries like china that as big as china but now governments are starting to pay attention because of the revolution that's happening in their territories going to kill early in my reading life countries like the philippines malaysia indonesia and thailand. realizing this problem particularly for single released last single use crust excuse me so this this classical ocean problem especially in the marine territories are going to be hitting economies such as

tourism which is very important economy of for some of these countries not to mention the threat that falls to the health and safety of her very recently was a pact to reduce the use of prostitutes what happens about. well and the recent understand something that happened just last june at least in june in bangkok for us in the days get to raise concern about marine pollution and therefore let's to fight marine pollution both on a national level in their respective countries as well as on the regional level on us and level now this is called the bangkok declaration and of course this was this was released in the midst of that $27000.00 conservancy report that shows that out of 5 of the top of the rules talk with marine polluters for all those us and countries with the phase one being china of course now on the back of that gratian

is going to aim to strengthen capabilities in terms of research on how to fight really inclusion as well as you know. increase research as well as what gratian ties between among all countries in order to fight this living aleutian on a very regional level. thank you very much. who always seems to remain on a u.s. trade blacklist despite u.s. president donald trump suggesting restrictions on the company would be eased following his g 20 meeting with china's president xi jinping says he said the u.s. manufacturers would be allowed to start selling components to the chinese firm again which is days later a senior u.s. exports official has written to commerce department staff telling him to continue treating was blacklisted since may american companies have had to seek government permission to trade goods with. taiwan's evil ways has canceled

a further 550 flights scheduled in july after talks with striking cabin crews broke down flight attendants have been on strike for 2 weeks now demanding wage increases and improve working conditions total 2000 pounds and so far more than $400000.00 just about their journeys disrupted it is the longest aviation strike in taiwan's history and is estimated to cost even $56000000.00. subzone is bracing to report that 2nd quarter profits more than halt when they issued preliminary earnings on friday the warning is based on analysis by a resident of smart estimates calculates because that's the new south korean firm is set to fly a 60 percent fall in operating profit it would be the lowest result in nearly 3 years blamed in part on the decline in demand in data centers and microchips. and

now to some of the other global business news making headlines today tesla has broken its quarterly sales records define forecasters sending stocks up the maker of electric cars delivered 95000 units in the 3 months to june figures really for investors after a week 1st quarter results the u.s. farm is still on the pressure to show that it can turn a profit. crater off the iconic ford mustang died on tuesday at the age of $94.00 he began his career $946.00 an engineer at ford and quickly rose to become the company's vice president aged almost 36 it wasn't also in sale it was fired in 1908 office when he then moved to chrysler which he steered back part of the billet he offered. from the i.m.f. to the e.c.b. christine legarde goes from one top job in the national finance to the next by

a drug is time as boss of the european central bank is pretty much up as e.u. leaders nominate the i.m.f. managing director to take over the role the euro slipped on the news while stock markets welcomed it experts point out that god has a reputation as a shrewd negotiator but little monetary policy experience. she's already one of the most well known figures in international finance bringing with her a wealth of experience and their reputation as a trailblazer for women. in 2007 christine legarde became the 1st female finance minister of france an experience that french president emmanuel markoff is could benefit her at the e.c.b. had. she was the finance minister at a time when it was particularly complicated as she faced the biggest financial and sovereign debt crises of the last decade. having earned credentials for shaping the

french response to the financial crash she went on in 2011 to become the 1st woman to head the international monetary fund the biggest challenge in that job handling the greek debt crisis. but her career has not been without controversy in 2016 a french court convicted her of allowing the misuse of public funds like ours is neither a sentence nor fined and the i.m.f. stood by its rector and the scandal didn't appear to cause a rift in high profile political relationships either the following year when german chancellor angela merkel was asked if she was a feminist guards delighted reaction made headlines around the world. more recently she became a viral sensation after footage emerged of her seeming to look annoyed when u.s. president donald trump's daughter ivanka inserted herself into a conversation at last month's g 20 summit in japan.

on twitter guard said she was honored by the nomination to head europe's most important financial institution. during the nomination period it will fall on her deputy david lipton to take over the reins of the i.m.f. . responding to news that his botha's likely departure heath that his institution's loss would be the e.c.b. again. u.s. lawmakers have urged facebook to halt its cryptocurrency plans they want time to investigate the risks libra poses to the global financial system regulators in europe also called. a senior official of britain's financial watchdog says the issues raised the issues raised require deep thought and detail. introducing libra a new global currency designed for the digital world facebook has promised finance for the future with its new crypto currency and i'm saying its arrival mark

zuckerberg said libra would empower billions of people even those without bank accounts will be able to send money around the world with these what's more facebook says libra will be what's called a stable coin meaning it will have none of the volatility associated with bitcoin and other crypto currency it says it will ensure that by linking its value to other established global monetary systems. major corporate players are already backing libra grieving if some of the world's financial leaders are not. bank of england approaches libor with an open mind but not an open door. and now a group of u.s. lawmakers has written to facebook asking them to put their crypto currency plans on hold until congress can assess the risk it poses nevertheless facebook's plans to disrupt the money continue to progress with libra expected to begin filling digital

wallet in early 2020. before i let you go cautionary tale for brands looking to cash in on a national holiday it all begins with a shoe this one mike nike had planned for the special edition of 4th of july trainers to go on sale on u.s. independence day but the inclusion of this is story corps flag on the heel has turned the stunt into a marketing not former n.f.l. quarterback colin kaepernick nike ambassador raised objections to the flak which he said i've been appropriated by far right nationalists the companies deferred to the star and pulled the shoe but triggered a backlash a costly want with the governor of arizona withdrawing a $1000000.00 in grants meant to fund a nike factory in the state in a twitter tirade he called the decision shameful that dramatic and expensive escalation in an introduction that started through the to the brand's slogan just

do it and and did with a decision not to do it. and that's it for me and the business team here in berlin for more business news lots of analysis and background stories of course check out the w dot com slash business but stay tuned because news is up next right after a quick look at global markets that you. very much for watching. thank you. mum.

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