and others in the biz let study, and this was a night the will live long in the memory. yes, thank you. something with that. once more world news at the top of the hour was, will be here in just a moment that the w business update. the news, the news william had to be honest with i and i had known that would be that small. i never would have gone on the train. i would not have put myself and my parents danger. little got 15 years later with love and the fact that on that

i think i had serious problems on a personal level. and i was unable to live. there wasn't ah, you want to know their story, migrants terrifying and reliable information for migrant. the a global break through the taxing corporation, $130.00 countries to signed up to overhaul the international taxation system. the to shift the balance away from powerful multinational. we're here from germany. finance. all women getting a fast share of because e commerce market, the boss of nigeria, the biggest online retailer and based off branson own must will tell you which base subsets to 1000000000 areas points to last themselves out of the assets

of your business environment. welcome to the program. $130.00 countries have agreed to a global minimum tax on cooperation, including around 15 african nations. the deal at a meeting of the o e. c. d is part of a broader plan to overhaul international tax. and to show multi nationals pay their fair share of taxes in countries where they operate in washington for the meeting, germany's finance so described as a colossal step towards attract justice. the 15 cent minimum rate aims to end the practice of corporations shopping around for the lowest tax jurisdiction. so their headquarters experts say the reforms could raise an extra $150000000000.00 in taxes globally. each year we caught up with all our shots after the meeting in washington . he told us the agreement is an important breakthrough. and it's also

a huge success for democracy because the race to the button was also something which produced a situation where we could not decide on our national democratic level about the right way of fair and moderate taxation of culprits. we have had to look at what the others were doing and now we can do it in a common way and we understand that there is no chance for big companies. for instance, to avoid being taxed. we have to work on this agreement a bit more, but it is now something that cannot be avoided more we will have to now, and this will give us a chance for a better income from companies that earned a lot of money, but forgot to pay taxes and they will have to have enough there are still some big hurdles ahead for the tax agreement. 9 countries refuse to sign up including orland, kenya. nigeria is to provide a loophole in the new tax plans. also,

each of the $130.00 government has to find a way to introduce legislation putting the agreement into law. finally, many countries demanded special exemptions. the u. k. wants to exempt its financial industry. for example. others asked for carve outs for the life of manufacturing machinery and shipping. some economists, the skeptical one could criticize. again, 15 percent is not colossal at all. and there will be the new rules that apply only to the biggest companies. it costs a 1000 in the road and that to maybe not as far as one would need to call the clock. now let's take a look at some of the other business stories making headlines. the m f that is optimistic about the outlook for the us economy. it predicts that growth will hit 7 percent this year much higher than previous forecast. the fastest pace in a generation government spending us and stimulus measures driving the growth. that's true. chinese regulators have band ride hailing giant

d d from signing of any new uses. it comes just days after the, the went public in the u. s. the regulators that they were investigating the security of the app, but didn't say how long that review would take. africa is e commerce market is booming, but the problem is, facing women entrepreneurs are holding back the market for from even bigger growth . that's the least the take away from a new study by the international finance corporation of the world bank. it estimates e commerce markets could be nearly $15000000000.00 larger by 2030 in africa. if the gender gap between male and female sellers were closed in nigeria and kenya, women already make up the majority of sellers on africa, largest e commerce platform. jimmy at the ivory coast, women sellers are still lagging behind. men and women own e commerce. businesses tend to be smaller, focused on less profitable sexes like fashion, and have less access to financing. result is it,

male sellers are seeing higher average sales and female sellers on line. so this discuss this further with henrietta coke, who is over saw this research for the international finance corporation and is well and also chairman of the junior nigeria website, juliet and nama. thank you for joining is henrietta cope. if i can start with you, the fact the female sellers are in the majority and some african ecommerce market is something to celebrate, right? absolutely needed it. however, if we look across the african continent, what the potential could be if we were to bring not just more women entrepreneurs onto the platform, but into higher income sector. we would just read massive benefits both for the platform for the white economy and then so of course the women entrepreneur. but there's several gaps that hold women entrepreneurs back. one you just mention is

clearly one of the key constraints access to fineman. but i'd take it one step further, it's not just financial services in this sense of credit insurance products, it's housing plan, and certainly you start up capital. in fact, one of our research findings is only 7 percent of volume in financing instead of capital is going to women entrepreneurs. then combine that with the additional challenge of childcare responsibilities. and everyone around the world has seen 1100000000 kids out of school. the majority of that care were being picked up by women are the entropy, nurses, employees, that unpaid work is really mostly showed us by women. and then lastly, we still have it so they buy. the women are less likely to access in your business opportunities on the internet. juliessa. now let me just bring you in because you have great experience in this space as a woman, any comments about chair of jamia, nigeria, i mean, what's your view on whether women are suffering

a disadvantage in the sector? because the figures in terms of the number of fellows in your businesses in nigeria and can you suggest that not thank you very much. yeah, i think it's less a question now. suffering a disadvantage in terms of access. it's more of a lot more opportunities that women can take that currently exist in the fact that men are taking some of the findings from the savvy, for example, is men take more of the training opportunities. men take more of the lending opportunities, which we have already under those lending opportunities available to women as they are to men. what men just tend to take those opportunities more. we men also sort of reflect the traditional categories that they are currently in offline to sort of reflect that online as well, which is why you find women in fashion and those kinds of products that are less in

terms of average item price. whereas men have traditionally offline being electronics, why goods and higher value categories, and they have also reflects about online as well. so the key message for women is e commerce gives you an opportunity to, to bring down the barriers. right? no one knows whether it's a man or we man onto we do these kinds of disaggregated data to see who's a woman and man. so when a consumer is buying online, there is no difference. there's no where, where it says that this a woman selling or man. shelly. so now there's a great opportunity for me to expand their access through e commerce. women can have as many online stores on jeannie as she once because the big what it was required to set up a stall on junior is very little literally registering would have few invent.

trisha can stop. so that if i could have been to that they can have as many accounts if they want today. are you doing anything to me or to encourage people say use female vendors ahead of mail vendors? we are not, we must. and it is about something that you could conceivably do. i don't think what we want to do. i don't think the be the objective of this survey, an objective or what we want to achieve is the disadvantage men as well. the whole idea is what the men are currently doing with all the resources that are available on that platform. we want to encourage women to do the same as well. and if it takes training, if it takes, having workshops with women, encouraging them showing them how to manage doing it. that's what we want to do. that's how we're going to achieve agenda priority. we're not trying to disadvantage one gender against the other. we're just trying to close the gap. okay. julia,

thank you and henry has to call her and just ask you briefly the pandemic has this made this problem with unanimous answers yes. where we've seen huge progress before the panoramic impacts in terms of women in some ways out competing men on platforms. we've seen this decline very deeply. we've seen that not just an e commerce be correct, but really across all of the well, thank will research and beyond. and there are a couple of key reasons. one indeed, i briefly mentioned as care care with one's ability increase, locked down, and increase or decrease in mobility additional increase in gender violence and sexual harassment online and offline because of the stress of the public. and then of course, oftentimes we have seen that women entrepreneurs and not just looking for their kids, but also taking care of the parents. henry has called and from the international finance corporation and juliet, another chair woman of junior nigeria. thank you both for joining us on the to be a business. thank you. thank you. now has provided some distraction from all the

madness these days. the question of which billionaire is going to blast themselves off into space 1st. jeff bays, also who's leaving his faces. amazon boss on monday was long expected to become the 1st private citizen to leave the atmosphere. but turns out he might miss out by a few days. it's the last test for the vs as unity followed by us authorities approving the space ship for men missions. the 1st trip is scheduled for july 11th, and it will include mission specialist, richard branson. the british billionaire has been reading himself for a while. well, i can say when they tell me that i can go to space, so i will, i will be ready to help. i'll wait to wait until i can get well, he can go now pending weather and technical checks. virgin galactic is on track to

be the 1st company to fly private man space travel agency relief, which puts the world's richest man in the back earth. amazon founder jeff base has been working on his blue origin face project for years, and he will personally pilot the 1st flight and expecting also on board basis, brother, marketing and 82 year old wally funk. come back down. we land gently on the desert surface. we open the hatch and you step outside was the 1st thing you say? i was saying honey, that was the best thing that ever happened. i sunk, went through astronaut training in the 1960 s, but never made it to spaces as women were not yet approved for nasa mission. the 1st flight on new origin is scheduled for july 20th. i need no date has been set for the 3rd billionaire and the space race counselor. sandra musk has recently

focused on launching satellites for online services for now using space to make money, not spend it and that's all for me that the w business team promot you had to our website dot com slash business. the ah, literature invite just to see people in particular. i like to see my kids find the strange grown up world. my only objective is to show what a thing beautiful p w books on youtube. ah, hello guys. this is a 77 percent. the platform is used to be issues you

know, on this channel, we are not afraid to young people clearly have the solutions, the future. 77 percent. now, every weekend on the w this is the news a show coming up today. indonesia headed into a new corona, virus lockdown. hospitals are starting to cope and cases are reaching record highs . the highly transmissible delta variance is being blamed for the increase for restrictions beginning on the weekend to be enough. foster coming up the dent the variance was 1st identified in india and now a new delta plus spare is having to pin son. i thought us on the reports from tele .