that is the australian bush fires burn and other extreme weather hits the world economic forum releases its global risks report. and painful through business the world's top 2 economies a finally signing the 1st phase in a trade troops sigh of relief for businesses around the world that have been hit with tariffs or have passed on the extra cost to us the customer as part of the deal sees china buying more from the united states including energy and agricultural products both sides have held off on imposing for the judi's but many other issues remain unresolved. china's leo who is in washington to sign a cease fire in a trade war that has slowed global growth i.m.f. managing director chris telenor georgieva reminded the trades are this was only a truce not a permanent peace deal leaves in place tire of some 360000000000 dollars worth of chinese goods it doesn't address technology transfers china's huge subsidies for state owned firms and cyber attacks. these terrorists will stay in place until

there's a phase 2 if the president gets a phase 2 quickly consider releasing terraces part of phase 2 if not there won't be any terror leave what this modest deal does is prevent escalation the u.s. has agreed to stop labeling china as a currency manipulator beijing will buy $200000000000.00 worth of u.s. farm products manufactured goods and services asian markets were lower on reports the trumpet ministration was preparing to further tighten controls on technology exports to china sua way i think it will be a fight she will fight to fight a cycle between china and the united states and so both sides. continue to try to build a strategic advantage or. no solution could be expected any time soon on the strategic rivalry between the world's 2 biggest economies u.s. presidential elections are coming up in november and the chinese side feels it has

enough domestic strength to avoid major compromises. from the institute for economic research this deal is being signed i should point out in the middle of the night china time which would tell me beijing is trying to keep this under the radar a day the big losers hit. i don't think that they are to begin to says there is not a not a big loser think it's more a case fire in this ongoing trade dispute it might be a little victory for the trumpet ministration good enough for that city year after reelection of them with trump there is the problem more or less solved but it's far away from a far reaching and comprehensive trade deal european and japanese officials are also in washington right now are they banking on trump wanting to be seen as brokering deals while it's i mean to time but has made clear that they are not interested in pure protectionism they have signed agreement with japan renegotiated nafta and the us korea agreement now does little

phase one deal with china i think the you should be the next part in this and does the entire puzzle but it's good that there are negotiations and not additional tariffs anymore and election is on the way in the us so i guess they could be received by trump in very good moods and spirits. oh definitely and i think at the core of the electorate of the republican party which is in rural areas and in states with the high exposure to agriculture they benefit a lot from from new thirds to china so i think i did really can improve the chances of trump being reelected in part and thank you very much for joining us thanks. the u.s. china trade dispute has been going on for 18 months for many companies it's been a ton of extended uncertainty and next report traces the fortunes of one american bicycle try to move production out of china to avoid paying u.s.

tariffs. when state bicycle decided to shift production of finished city fights out of china to escape u.s. tyrus it took months to find another factory in asia willing to do business with the arizona based company the found time to time but my structure is that would too swamped with business from american idols they declined it saw it as because they want big enough to be profitable the struggle to find an alternative to china epitomizes the challenges many u.s. firms have faced since the start of the trade disputes while the phrase one deal may be a step forward it's not so solution if we knew one way for sure was going to go away or one where you know the tariffs would be here to stay we could plan a long term but her right now we have to kind of be nimble and and and move in short term increment. the phase one trade deal suspends a further increase in tariffs on bicycles and other chinese made goods but that

leaves on the existing 25 percent import duties on products including bikes to give the u.s. leverage during trade negotiations uncertainty remains nearly 30 percent of north american companies have switched supply chains away from china according to a recent survey by cowen and company. several manufacturers are now moving operations to other countries in the region including taiwan thailand and vietnam but the other countries often lack the infrastructure and capacity to absorb every american company a state by school found out. to triple orders and pay 30 percent up front to a small taiwanese factory critic take orders unlike the chinese. the us china try. it's reshaping the label supply chain. now to some of the other business stories making news it could still join a key trade pact after pulling out of talks last year the regional comprehensive

economic partnership is a china late deal that includes japan south korea and australia india's foreign minister says his country had not closed the door to membership and that it would really evaluate the terms. days after india launched an anti-trust probe into amazon boss jeff bezos as promised a new $1000000000.00 investment it's targeted at digitizing small and medium sized indian businesses very firms it's companies accused of destroying. malaysia airlines has the suspended the delivery of 25 new boeing 707 maxes the playmakers c.e.o. says the jet could remain grounded beyond july just announced its annual net orders in decades. and the german economy is continuing to slow g.d.p. growth dropped to just point 6 percent last year that's the slowest since 2013 a trade war and breaks that i hit him hard and some economists blame the government for failing to invest enough. heavy rain in australia could bring relief from huge

bushfires but authorities warn the severe storms could create landslides and pollute drinking water they've installed containment structures a dam sydney's main water source to trap silt and that fires have claimed at least 28 lives in september destroying a 2 and a half 1000 homes and businesses and raising more than 10000000 of let. live stream where the tops this year is global risks report from the world economic forum cyber attacks in geopolitics usually feature about the leading long term threats to the planet but this report highlights a whole range of environmental concerns not just extreme weather but also climate action failure. natural disasters. biodiversity loss and also human made environmental disasters it's the 1st time the report's top 5 risks of all fall in under a single category like this the study warns climate change is striking harder and

more rapidly than many expect. well let's bring in stuart from the same in situ for climate impact research to talk about these these results in this report. first of all these green issues are they really the biggest threat to businesses around the world and economies. yes absolutely after they have warnings of scientists have been by and large ignored for more than 50 years we're now in a real climate emergency global temperature is higher than at any time in the history of human civilization and that means that our weather is on steroids when climate and weather add up in the same direction we get unprecedented weather extremes like we have been experiencing in australia recently explain to me why it's taken 50 years was it taken so long for these to be realized.

well i think a big role has to be played by the lobby forces that have basically tried to sow doubt about climate science and confuse the public and of course it's well documented that there have been hundreds of millions of dollars invested in to obfuscation campaign so this is been a fight between environmentalists scientists and lobby groups the business world what should leaders and bosses be doing as they prepare to go to the world economic forum next week. well i think we can take hope from some positive examples like denmark denmark has already reduced its emissions since 2005 by about 40 percent and they have now passed legislation to reduce them by 70 percent in the next 10 years and of course the key technologies renewable energies we need a carbon price and also in the transport sector we can also take an example from denmark how you can have more livable cities with fewer cars and just cycling and

public transport as the dominant public movement modes the scandinavians always seem to be doing great stuff and europe also seems to have gone quite green but one of the major problem spots i mentioned astray here before what are the other regions of the world who aren't pulling their weight. well 1st of all there is a lot of countries that still subsidize c o 2 or fossil fuel use which leads to the c o 2 emissions so it's a no brainer that we need to stop all fossil fuel subsidies very very quickly and then introduce a reasonable carbon price that's just a basic economic question of the polluter pays principle why should you be able to do damage to other people the people causing that they should pay for their consequences so do you see 2020 years a year of change. i very much hope so because it's kind of

a last minute moment where we can still have a small chance of limiting global warming to 1.5 degrees after all all nations on earth have agreed to in paris in 2015 it's now key to finally take the paris accord seriously and fully implemented 7 store from the bottom institute for climate impact research thank you very much thanks my pleasure. and nice doing business with you i'll see you again very soon. if you enjoy.

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audience the series of global 3000 on t.w. and online. play. as dave dobbyn year's life from ballet russia's government resigns for president putin asked them to stay in place until he will form a new government following the resignation of his prime minister best speculation that this is part of the president's plan as he seeks to secure his political future we'll bring you more from moscow also on the program too will challenge donald trump for the u.s. president.