are set to begin in july you know he asked people. but it was art that's it for now well you're up to date so next up is stephen variously with your business update on the rock and roll and on the on behalf of the entire new super thank you very much for spending this part of your day with this friend goff welcome back to at the top of the hour with your world headlines. with. children. one giant problem and nearly it in no mood to see the people you. even if i didn't need to be changing the lady freak out. how will climate change affect us and our children. e.w. dot com slash water. down.

what people have to say. first to us. that's right we listen to each reporter every weekend on the w. one of the world's most critical shipping arteries remains blocked containership the size of a skyscraper is still wedged in the suez canal cargo vessels and tankers are now back up threatening to put pressure on already strained will supply chains. also on the show the e.u. tightens control of vaccine exports as frustrations over the slow rollout of the jobs prize cross the continent. and will take to portugal for a look at how blocked chain technology is helping one company sustainability of.

the show and she gets it and the lead was among the largest container ships in the world and its stock currently in egypt's suez canal blocking dozens of ships efforts are continuing to dislodge the ever give and the ever given rather owned by transport firm evergreen before further disrupts the global shipping system the suez canal provides a crucial link for oil natural gas and cargo being shipped from east to west around 10 percent of the world's trade flows throat flowed through the waterway and 2015 each of completed a major expansion of the canal allowing it to better accommodate the world's largest vessels over the ever given run aground before that new portion of the canal. can't go forward can't go back to the 400 metre long container ship the ever given has wedged itself between the eastern and western banks blocking the canal completely the ship's owner evergreen says a 50 kilometer an hour gust of wind shoved the ship into the canal was bowing and

stern the 200000 ton vessel is believed to have partially run aground now much smaller tug boats are trying to heave it free. so it's going to be very difficult to to pull her off maybe very careful owner off because again they've got all that weight in the center of the vessel and she's not borne it right now because she's hung up on the edge on the edge so she has a sagging motion to right now so be very careful about cracking the vessel in a catastrophic loss of the bessel which is worst case scenario satellite pictures show you the ship's location marked here in blue you can see the top boats around it the consequence of the blockage an extraordinary traffic jam of giant freight has the coding to bloomberg more than 100 ships are waiting to get passed in either direction egyptian officials are hopeful that the f.a.a. given can be freed and sent on its way but they're predicting that it will take at least a couple of days. and more on this i'm joined by lars greiner he's the associate

partner at humber port consulting lars good to have you on the show what does this mean for global trade paths when the suez canal one of the most important there always is blocked. it it's a dire circumstance and the alternative is to route around loose a cape of good hope good hope and that's just going to add you know tent out $20.00 to $30.00 days when you add on the transit that means all the goods on the way on the way radio going already impacted will be delayed really it's it it's like blocking off an artery it's going to give us a mild heart attack. if you're one of the ships that's blocked and it's waiting there what's going through your mind right now. you know unfortunate is not really much choice at the moment you know that it's at the it's a case of right now opening and praying that they can find a solution i know those who is for authorities are desperately trying to find a solution they're moving the what vessels they can around to be positioned so that they can have so that they can force faces through quickly once think things are

resolved but realistically there's no quick quick fix here if the ship can be can be freed up and moved moved around we can then get good good flowing again the only real long realistic long term solution if the if this does turn to be something long term really has to go around the cape and again that's going to add a significant delay to the to the good flowing. so it's right now it's really much a wait and see and hope that being said you know i think the i think everyone is doing everything they can at the moment looking at what's being done. the next thing i would be looking for is to see if they start like touring the vessel to start taking cargo off to make a list critically stable more buoyant and just to allow the tugs to to really do their best to pull it off we're going to cargo is likely to be caught in this jam whether on that ship or on the ships that are waiting. well as you already said this is the lifeblood of the will of world trade you know you've got your 12 percent of world trade was moving through there so it really is

a combination of everything you've got you have a lot of manufactured goods kitting out to from the from it from asia and from the middle east into europe. they'll be good on there for the for the east coast of the u.s. . they'll be good you know on the on the vessel coming back their goods machinery critical machinery heading heading back towards asia. for production. in asian factories now it's really a combination of of finished goods and ha finished goods. as well as consumer goods that are on there but really a hodgepodge. of partner. thank you very much thank you very much stephen have a good evening. ryan on the subject of trade moving around the world the european commission today tightening export rules making it easier for the block to stop covert 19 vaccine deliveries to britain and other countries the controversial decision comes amid rising frustration in europe over the slow rate of vaccination

the e.u. says it will ensure producers aren't sending out supplies needed by member countries . rapid fire jabs are the order of the day in the u.k. even churches like the renowned westminster abbey have been commandeered in the battle against the virus the strategies seen some 30000000 u.k. residents vaccinated so far just under 50 percent of the population old e.u. member countries put together have only managed 57000000 the e.u. had ordered adequate supplies from producers but pharma firms have failed to keep up. kill vaca will supply 405000000 shots but it's vaccine hasn't been licensed yet for e.u. distribution roughly the same quantities are on order from astra zeneca along with the recently approved johnson and johnson jap the e.u. wants 300000000 doses from sun ofi as soon as the european medicines agency gives the go ahead the same number from by on tech modern

a is expected to supply 160000000 shots all those pharma companies have production lines in the e.u. their most important locations are in germany france spain belgium italy and austria and production is being ramped up over the coming months the european commission has been angered by the sight of vaccines from e.u. production being export it was there in short supply here this year between the beginning of february to mid march of 41500000 covert 1000 shots were exported from the e.u. to the u.k. the americas asia south africa and australia. the u.k. alone got 10000000 of those doses at the european commission says british swedish producer astra zeneca has barely supplied the e.u. with 30 percent of the quantities agreed what europe's vaccination program needs now is a shot in the arm. now to some of the other global business stories making headlines

the german government has overturned plans for a stricter lockdown over easter announcement of the 5 day shutdown had caused anger and confusion with businesses saying they had too little time to prepare chancellor angela merkel said the plan agreed to at a meeting with state leaders earlier this week was a mistake. china's das district is heading out discount coupons to entice people to get covert $1000.00 vaccinations coupons range from value of are valued up to the equivalent of $6.00 they can be used as supermarkets in the district more than $30000000.00 worth of discounts are reportedly to be distributed through tesla chief musk says the company's cars can now be bought in the u.s. using bitcoin purchases overseas with the cryptocurrency will happen later this year he said last month has the revealed it had invested one and a half $1000000000.00 and the choir singing the price of the cryptocurrency so worried. and the technology underpinning because it is the block chain decentralized digital larger with the growing number of applications around the

world and also increasingly the structure of a noble energy story takes the portugal portuguese company of bare toes supplies textile companies worldwide the industry is not exactly known for its environmental friendliness the fabric prints are not far from the city of portal aims to improve on that one reason managing director susana said hanaud wanted to run her huge printing machines with renewable electricity. we've changed our strategy very much to one of sustainability it involves 3 pillars innovation sustainability and social responsibility. there to have sought out a power company that could guarantee of purely renewable energy supply spanish utility acciona only generates wind and hydroelectric power to enable the matric based companies new portuguese customer to keep track of its own consumption. but their us uses block same technology just as bitcoin records each transaction in

a data chain ledger swindon hydropower output is recorded and tallit without consumption in portugal. on our platform a customer can see where the electricity they're using is coming from that's interesting because it allows us to trace the power from production to consumption and consume. even with blocked change the clean energy can't exactly be transferred to other better in portugal but the textile producer at least knows that the renewable energy it's using is actually booked with and can't be booked more than once and that company's overall output. and with us that's something we want to achieve green electricity complete transparency in the entire value added chain we . don't only do that with energy we have other projects as well and this one is a great success commencement. is boosting its use of block chain technology in

mexico and chile in particular because companies there have no legally enforceable guarantees regarding the energy sources yet want to become more sustainable block saying makes it as easy there as it does without a battle in portugal and finally germans pride themselves on both their beer and their breads but rarely do the 2 meet however a pandemic driven need to innovate as brought about just such an occasion. this traditional brewery in dusseldorf has been left 6000 excess leaders of the city's signature out beer as a result of bar and restaurant closures they found a way to make good use of it by turning it into bread several artisan bakeries have taken on the recipe which substitutes water for the beer customers are also getting on board with the idea not least because each loaf comes with a free bottle or 2. like a pretty good deal is

a reminder of the top stories we're following for you. a container ship the size of a skyscraper is still wedged in the suez canal cargo vessels and tankers are now backing up threatening to put pressure on the already strained global supply chains . the european commission is expected to tighten export rules today making it easier for the block to stop covert 19 vaccine exports crush they've already tighten those roles the e.u. has said the move is to is meant to make the flow of vaccines fair and ensure the e.u. isn't sending supplies block itself needs. to read so for me in the business scene here but what is always fun is a largely dubey dot com slash business i've seen there's a swatch. entered

the conflict zone peace talks are back on between afghanistan's government and the taliban with a new the urgency as the u.s. increases pressure on reaching a political solution before a may 1st troop withdrawal and then talks my guest this week is afghanistan's ambassador to the e.u. and nato a false alarm is this government strong enough to deliver on human rights to speak another hunger still. conflict. the 60 minutes to.

students and the people who are old over information to be provocative. the fans want to express g w on facebook and twitter and coke addict in touch following. this case to the news africa on the program today more and more women around the world are speaking out about the violence they have experienced at the hands off men we put the spotlight on that one woman shared her story with us activists in the country say the train thing is an exceptionally hot. and you will meet one of senegal's most promising junkies he's german aid to the dome a sticky canal.