market in the world sees value space by our report from hong kong as the latest. backup to do business asia when it cajones of the lender 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 ved 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. nearly go shipments have 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 yeah 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. in davos switzerland for the word 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 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 a start 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 is anti 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 wealth in germany alone blackrock 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 here that all joined 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 manage rather can actually do the rest as 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 so paul these climate neutral climate frankly

actions which they actually have opposed during the last couple of years. the fact that's going to finance and management thank you. to munich now where europe's digital independence is on the agenda will specifically can the e.u. carve 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 that digital live design in munich business and media representatives and politicians are looking for answers we are not changing ourselves we are directly to become a cult digital colony of the us 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 tone has announced a single e.u. digital strategy it's true that man vision is that your brand. we view with for european 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 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 is in talks to purchase a 20 percent stake in china's 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 detained she away executive main 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 banks 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 farmers 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 bolen if they are the consumers want real alternatives because meat consumption is being questioned more and more by society people want a better diet a more balanced diet. 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 startups also want to caution 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 is farmed with low resources on beef needs 2500 times more water and has a 200 times larger carbon footprint and buffalo are inside that i mean if that's really part of. the berlin based startup colona is showing its range of alcohol free wine unlike most alcohol free wines colonna 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 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 for the sun 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 protests pressure is growing in the hong kong market this tiny shop of less than 2 square metres in a cramped corner of the commercial district one shot is a powerful symbol of change investment banker turned property fund manager edwin lee 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 that because that 2nd always the repo market and people are simply not willing to buy shops anymore so

that land that was in a hurry to sell the shop and was willing to set it up because 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 the man 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 fracture why now that they don't have. they saw the pop they see in the wash and that's why i say that's a lot must say at just an all call russian on the home price at this moment. property owners are watching to protest to see what happens the threat of a downturn looms over the real estate market and analysts expect hong kong property prices to fall in 2020. and business update here and the you from. asia thanks for taking this company.

education is not only thought i'm glad i'm an educator and his father empowerment i'm saw that in coming 1015 years the wall of the think about how through in colcord the values of tolerance. lose and understanding these things cannot be ignored for ever because the fundamentalist forces and the fanatic courses are also acting very deeply and intensely and they cannot undermine their power the power of communication and their power off technology ordinary people must not morally support them must not suppose in his support that the international community has to invest more on the education which can prevent young people who entered into the trap all fall foul of the forces.

every 2 seconds a person does forced to flee the. nearly 71000000 people have been forcibly displaced the consequences to say stress were documentary series displaced depicts traumatic humanitarian crises from around the world you know. what a good thing we don't need and i didn't go to university to kill people i thought. or to have my boss come to me and tell me to kill someone and he got mad and if i don't they'll kill me. people feel for their cars and their future so they seek refuge abroad but what will become closer to stay behind and simply able my husband went to peru because of the crisis i wanted that if he hadn't gone there we would have died of hunger non of them. play just this week to. cut.

the be. played. this is due to me he was life for berlin fears are growing over a deadly virus spreading rapidly in china the mysterious corona virus claims more lives and health officials now say it is capable of spreading from person to person all that says the country enters its busiest travel season of the year also coming up paving the way for peace.