until independence from the u.s. and china will take you to that discussion in munich. and the most expensive real estate market in the world sees a value system high in our report from hong kong past the latest. back on tidied up your business asia i'm going to jones and bill and good to have you with us china has introduced a range of new laws aimed at tackling plastic pollution beijing says controls on the production of environmentally unfriendly products and the promotion of greener alternatives will be phased in over the next 5 years l. include an end to the production of single use plastics like tableware and swaps at the end of this year china aims to have its plastic pollution under control by 2025 . meanwhile malaysia says it's returned $150.00 containers of plastic waste to 13 countries since late last year the malaysian government says the country refuses to become the world's dumping ground after china banned waste imports. another

container is he waved back to the port more than $3700.00 metric tons of plastic waste have been dispatched from malaysia back to the countries that originally dumped them since the 3rd quarter of last year. the illegal shipments of come from developed nations such as france the u.k. and the us southeast asian countries such as malaysia have been flooded with western rubbish since china refused to accept any more plastic shipments in 2018 but time and again there is a legal consignments of being rejected so we have sent 150 the our 110 more that we will send across the 3 different. ports in malaysia and it's the dumping

countries that will foot the bill malaysia says it won't be paying a penny to send the stuff back. the international monetary fund has cut global growth estimates for 2020 the leader of the i.m.f. is in davos switzerland for the world economic forum today to discuss the world economic outlook the i.m.f. reports that compared to the outlook report in october estimated global growth for this year is down 110th of a percent to 3.3 percent growth one of the major reasons for the dip in projected growth this includes a slowdown in india. well ahead of the forum which kicked off today american money management firm blackrock has grabbed the attention of the finance world its c.e.o. larry fisk announcing the company which quote exit investments presenting a high sustainability related risk for stocks divesting hundreds of millions of dollars from coal lng to businesses and that could be

a big deal black rock is the world's largest fund to manage it holds close to 7 trillion dollars in assets and to put that in perspective germany's entire economic output for 2018 was closer to 4 trillion dollars managing that amount of money means a correspondingly high level of influence in the corporate world in germany alone black rock counts as the biggest single shareholder in the following tax companies you have the mole now earlier we talked to sasha stephan of the frankfurt school of finance and management and i asked him how big a decision this is i think it's a big deal that. joins also about companies banks insurance companies and trying to take specific actions were question is on the one hand how they can do words and the other actually going to follow up on that they could as i said divest investments but the amount of. out of the 7b2b actually actively managed rather can actually do that the rest is so-called passive investors and and this is very

difficult to divest so another important potentially important activity would be to vote even with these passive stake and say oh so paul these climate neutral climate front actions which they actually have opposed during the last couple of years. thank that's going to finance and management thank you. and to munich now where europe's digital independence is on the agenda more specifically can the e.u. carved out its own standards for data regulation or artificial intelligence in a world dominated by big tech companies in the u.s. and china now it says it has a strategy. how can europe better position itself in the age of digitalisation digital life design in munich business and media representatives and politicians are looking for answers we are not changing ourselves we have directly to become a cult digital colony of the us all of china if google decides tomorrow to switch

off its services for europe then what mike you see still on the screen he clearly fears they'll be nothing that's why e.u. commissioner to me by tone has announced a single e.u. digital strategy it's true that man vision is that your brand. will be used for your print company priority. for us to create value in europe. and not just that the e.u. commission's digital strategy should lead to common standards for 5 g. technology companies that promote europe's internet sovereignty will benefit the most stricter security measures will also be introduced for the collection and processing of data and more funds will be invested in artificial intelligence internet experts are skeptical about how the e.u. can finance the measures. biddles of evil training offensives and economic

offensives all cost a lot of money but there isn't any budget for them with a european countries will really have to combine forces. according to the atmosphere at the meeting those goals all can be achieved by working together. and out to some of the other business stories making news reuters reports that comical folks live is in talks to purchase a 20 percent stake in chinese battery maaco. a move by w. which commerce the company looks to sell 1500000 electric cars in china by 2025. and china is calling on canada to release the detention away executive men one sure man was arrested over a year ago and just charged with bank fraud for misleading the bank h.s.b.c. about 4 ways activities in iran bank's extradition hearing where she'll fight american efforts to have a brought there for trial is scheduled to begin today. germany's

largest food and agriculture affair the international green week has opened in berlin with its focus on sustainability and c o 2 reduction you might be surprised to see what kind of ideas and solutions pharmacy and agricultural companies have come up with. this might look like any other german sausage but it's a bit different. it doesn't contain any meat it's made from soy protein and plants such as beetroot. you can to menton valan if they are consumers want real alternatives because meat consumption is being questioned more and more by society people want a better diet a more balanced diet and they're all meat consumption is often linked to a missions of greenhouse gases vegetarian alternatives are seen by more and more consumers as a sustainable turn of. and many start ups also want to cash in on the trend

one of them is isaac nutrition. the cologne based company makes protein shakes and protein bowls out of insects and lava. the buffalo for these a buffalo worms its fungus low resources on beef needs 2500 times more water and has a 200 times larger carbon footprint and buffalo worms i said i mean that's it for. the berlin based startup colona is showing its range of alcohol free wine unlike most alcohol free wines colona buys high end wines and then removes the alcohol through a heating and vacuum process. this is of course a segment that is growing all the time people are more health focused this really doesn't have many calories and it's more fun to drink this compared to a coke with your food or loud enough to try this on and. it's not just food which is becoming more sustainable over the agricultural whole of the fair u.s. truck to make a stale is showing

a concept electric hybrid tractor and there's more to discover at the fair more than one $1500.00 exhibitors from across the world are attending the event. it's the world's most expensive real estate markets its prices in hong kong and now under pressure after months of protests and losses are surprisingly large experts warn against too much optimism for bias. hong kong's real estate market is the least affordable in the world after months of democracy protest pressure is growing in the hong kong market this tiny shop of less than 2 square meters in a cramped corner of the commercial district one shot is a powerful symbol of change investment banker turned property fund manager edwin li explains. this is a shop that very much to pay so based on my best knowledge and memory the shop lost the most money on call the store was once a currency exchange kiosk but the tourism downturn means it's now

a real estate office bought for just over a 1000000 euros it sold for less than half the us now because the biggest hit sector always the repo market and people simply not willing to buy shops any more so the land that was in a hurry to sell the shop then was willing to sell it at a loss apartments in prime sites such as those near hong kong's high speed rail terminus are unlikely to lose value since 2003 the value of hong kong homes has surged 544 percent but the economic downturn ended the longest bull market in the hong kong property sectors history. the luxury residential market is especially vulnerable because property was bought by mainland chinese who are staying away. property consultant vincent chung says the protests are hurting sentiment but demand still outstrip supply hong kong home prices rose 3.4 percent in 2019. in hall call i guess more than 60 percent of the properties which are worth dollar

the mortgage that mr moore most of the whole old all are they don't need to we pay the mortgage and that's why i say they can wait as the even though the market is a lot worse at this retro why now that they don't have to say sell the pop they seem to wash and that's why i say ah that's the lot must say adjustment all caution on the home price at this moment. property owners are watching the protests to see what happens the threat of the downturn looms over the real estate market and analysts expect hong kong property prices to fall in 2020. business update here and you from. asia team thanks again his company.

an exclusive interview with the non-con dog stands prime minister speaks with d w editor in chief in a school that's what's khan's prospective on the kashmir crisis and what does he hope results from the peace negotiations in afghanistan why has he remained silent about the plight of the leaders in china one of our interview with iran comes. in 90 minutes on d w was. in the un a climate change. could cause me to sit. up some steam. clock one of the 2 years today the future of.

g.w. dot com the legacy of the meeting to give us a clear cut answer. humans love interaction sometimes you don't have a if you're all about will provide that's great they're going to replace people i've met in factory they're going to replace doctors and lawyers they're going to replace people in jobs you wouldn't think right now if all the work is being done by machines what to get us through the day trying to keep getting better education and taking more and more advanced guy. or do they end up doing other things making art having social interaction with each other are we going to have enough humanity to make it possible for everyone or some people are going to say i want everything the rest you guys have to be poor and die that allows individuals to discover they're going to have it they have to learn a new meaning for life and there are things to do that's a social revolution and hopefully we can move too slowly.

this is the is coming to you live from russia for peace in libya one leaders at a major summit 10 but him say it could an alms involved go to the country but is that enough to achieve a lasting cease fire on the ground. on the program to. show their toes it's the last on the wrist and 11 he's captain since anti-government protests began

there 3 months ago. and virginia's governor declares a state of emergency ahead of a massive.