what. the. 77 percent this weekend on g.w. . just growing is not enough any o.e.c.d. . global leaders sustainable growth is not just a buzz word reforms are needed and climate change and social justice must be factored in. the south pacific island state of tonga could become the next place where major powers to slug it out for in front. also what to do with 28000000 tonnes of unused food one young japanese entrepreneur has come up with a tasty else. is his business and. his welcome

governments need reform to make their economies resilient says they always cdn its annual going for growth report that has a couple of recommendations lowering inequality improving education and making the labor market more inclusive reforms in these areas could help policymakers come up with answers to some of the problems posed by globalisation digitalization and environmental degradation emerging markets especially need more policies to protect the environment china could address its pollution problem by better and forcing existing laws and raising energy taxes the o.e.c.d. and india could improve its infrastructure to promote the efficient use of energy and water resources. thomas because local senior economist at the o.e.c.d. is standing by for us coming back to the always india report about urgently needed reform in many colonies in the world we've heard about india and china again my

question which other asian economies would you single out for urgent action. i'm happy to be here but the country i think that is worth with singling out this is japan which faces an acute population aging problem and challenge and to make the most out of it basically japan has to prepare for the future of work and make sure that all available talents are well integrated the job market this means this is basically addressing issues such as they were market segmentation of labor market dualism the production of fixed projects versus the rest of the labor market bring in females older workers making the conditions for them to participate in the labor market rather encouraging or discouraging early retirement rather than encouraging early retirement it also means making the japanese economy more dynamic is the demographics it's not just the people demographic is actually the business demographics is also an favorable firms are not entering the market so regulatory

simplification are allowing firms to join the market tax system that is more fabled to growth they are the major challenges facing the japanese economy similar problems in korea. that has to be addressed with reforms. they in the report said china needs urgent reforms needs to better take better care of its environment growth in china is slowing can the country afford it. china china's is a very interesting case right we have a growth in china slowing and for guests from the us the around 6 percent in 200-100-2020 not the same as the double digit that we were used to in the previous decade but china cannot afford not to care about the environment they said we have evidence of from various sources and it is about $1000000.00 deaths per year premature deaths because of their pollution we have evidence of economic costs of pollution in china so china needs to get its act together about pollution and things are going on it's part of

a bigger problem so it's not just more ambitious environmental policy subtle law enforcement it's linked to the rule of law in china which is another going for growth very early on or in our report and also the fact that it's a level playing field in competition the fact that you know older inefficient performing and less environmentally friendly firms would be to enter the market whether enjoy support that keeps them on the market so it's a bigger problem that needs to be addressed with a complex set of policies and these are the policies we're recommending going for growth thomas cause local senior economist at the o.e.c.d. who joined us on paris today thank you our next topic china's trade surplus with the us burst wide open today as beijing's customs authority published fresh important export figures china's imports from the us plunged 31.4 percent in june from the year and at the time for with washington as a result the trade surplus with the us widened by a whopping 12 percent to $138000000000.00 us dollars china's exports to the us also

dropped during the 1st half of this year. now china is pouring millions of dollars in aid and low interest loans into the south said think many think because they are looking to keep australia and new zealand in check in the tiny kingdom of tonga there are signs that a battle for power and influence among the much larger nations is heating up. life moves at a slower pace without traffic lights or fast food chains snuffling pigs roam dusty roads but in a country with few jobs tongue's worry that chinese immigrants are taking over the small business sector. pull itself by the most needed chinese slave retail shops they have 99 percent chance of them. said basically control the. many fear that the chinese could be expanding their

business interests into farming and construction and made a beijing late investment drive in the region china already gave several gifts and loans to tonga the country of 106000 people owes about $100000000.00 u.s. dollars to china's export import bank equivalent to about one 4th of its g.d.p. but the chinese say it's increasing footprint in the south pacific is nothing to worry about. college. is tragic. history. nevertheless after western allies overlook the south pacific is a somewhat sleepy neighbor to a stray or new zealand and the united states there now responding in an effort to

check growing chinese influence after a cycle and destroyed tonga's historic parliament house last year the government 1st suggested china might pay to rebuild it then new zealand stepped in and now considering jointly funding the project. well china says it will impose sanctions on u.s. companies involved in a potential arms sale to self ruled taiwan earlier this week the u.s. approved the obs to taiwan worth some $2200000000.00 includes battle tanks and missiles the approval by the u.s. has infuriated beijing which considers taiwan a breakaway province. trade tensions have driven japan and south korea part recently today officials from both countries met to discuss their effort differences a delegation from seoul straight ministry travel travel to tokyo to meet their

japanese counterparts japan is to tighten controls on high tech exports from south korea hasn't given specifics about why but it followed korean demands for tokyo to compensate forced labor as from the 2nd world war on friday south korea called for an international investigation into japanese claims it's failed to fully enforce sanctions against north korea. well nobody likes to see food go to waste but when it reaches its expiry date and has gone on seoul shops often have no choice but to throw it away one japanese entrepreneur is tackling that part of the problem head on now using little more than a bicycle and a website. unsold and uneaten it's estimated almost $28000000.00 tons of food ends up in japanese trash cans each year but grabbing the issue with both hands as you yes saito his innovative business aims to keep bread out of the bit. there are some i've heard that

a 3rd of the world's food gets thrown away even in japan it's not uncommon to see bakeries took out around 10 percent of the bread that they make these bakeries are unhappy that they have to throw away food so i started rebate as a way of resolving that problem. of the. state. through the rebate website you your connect bakeries struggling to shift bread nearing its expiring date with buyers happy to take it he also sets up shop around once a week outside a park in tokyo there he sells expiring loaves at knockdown prices around a $1.40 for one piece for $4.64 for customers don't seem troubled by the fact the food's nearing the end of its life. and on what they need it means that it's such a waste to throw food away the bread looks perfectly fine so soon a funny one of the night the ones. at the so-so are thought i found out about them

when i passed them in the street but when i heard they were selling bread that was about to expire i thought it was a really good cause something coming back every week i think there are. 3 baked promises any bread bought will still be good for 2 days later and a share of its profits goes whether organizations that promote living sustainably. and now to some of the other business stories making headlines today boeing has announced that the head of its troubled 737 months program plans to retire every glynne plant has been in charge of the project since august last year the most high profile the partial since 2 of the aircraft crashed the most interesting people died in the. asian shares a mostly high after the dow hit a record high on thursday climbed above 27000 march to the delight of u.s. president donald trump york markets have been raising high on investor optimism that an interest rate scott is on the way.

the british travel group thomas koch is in advanced talks with chinese investors about a rescue deal the proposed agreement is worth over 800000000 euros it would seem thomas coke's biggest stake hold up china's frozen take control of its to a business the cash injection would give the struggling company enough money to trade through to the end of 2020 its chief executive calls the proposals pragmatic but admits they aren't that the outcome and management want it. and that's it from me and the visit team here in berlin for more news ahead joe websites to. slash business. news is next right after this quick look at global markets.

come on. 8000000 tons of flowers jumped into the gun jews in india every. pesticides time and.

now a start of converts use flowers into charcoal and chemical free incense sticks. to be unable to save 70 don't mr science from getting into the muck. in 30 minutes on t.w. . board. level we were. when we were. 80 percent of americans at some point in our lives will experience hardship that. couple. finds. some people don't care about me. because they don't see my beauty. some people don't care about me because they think i have nothing to give. but to the 1000000000 you can do. to them

i am everything. their home. the our food. their livelihood. but day by day i disappear. and so does everything akin. to the 1000000000 people who care about me. me me. and now.

the state of what you know is live from berlin turkey take the livery of a russian defense assess the spite washington's objections the 1st shipment of the s. 400 system arrives at an air base near the turkish capital ankara the u.s. warns its nato ally that it brits sanction for buying russian also on the program. tropical storm barry closes in on america's louisiana coast it's forecast to make landfall late on friday lashing the region with high winds and heavy rain.