hold 3 kenneth world records for basketball dribbling off guard. says that spelling is check your site hobby, and $21.00 script national spelling of your news update at this hour. i will be back at the top of the hour with more and business news is coming up next. if you want more, you can of course, find much more analysis. the news. news . in december 2019, the european councils new president show me show important on a ground breaking mission. i have a clear job to make sure of the 1st time it's it's i don't see things on the planet by 2015,

but not all member states supported and some persuasion is required. so time will when the game diplomatic poker interests power plays and alliances behind the scenes of b. u climate. some it starts august 5th on d w. the closing loopholes and both string budgets finance ministers of the world's biggest economies meet in venice to discuss a global corporate tax rates. the critics say is way to love vertical farms catch on the, in african cities instead of a whole field using told fact of earth from which the plans can grow. space and money. and portuguese tourism operators upset with the german government for sending mixed messages to potential tourists. i've been fooling through business.

global tax justice has a number. oh ac d countries have already agreed on a 15 percent international corporate break. now g, 20 finance ministers in venice want to push ahead with an over hold of the system. in addition to the minimum, right, the plan would ensure multi nationals attacks not only get their headquarters, but also where they generate revenue. the reform, mainly targets tech companies that make their money almost everywhere, but get away with paying of the a tiny percentage of the taxes by moving their profits to tax havens. if the 5 biggest tech outfits alphabet, amazon, facebook, apple and microsoft had been taxed evenly develop an organization action aid says gee, 20 countries would have collected almost $32000000000.00 more last year. we cd countries just on the 28000000000 and the e. u. almost $8000000000.00. well, the director of tax policy of the organization of economic cooperation and

development told the w, this is a big step forward. i think there is something like a celebration. it's been yes, that good frame to introduce tex regulation of globalization. and there were getting that with something very significant. so celebration and also politically, petra is to make sure that we have quick implementation for the agreement to become a reality as quickly as possible. but let's look at the reality of this agreement with gabriella booker. she's not celebrating the reforms, joins us from oxfam. gabriella, this 15 percent that i've been reading about isn't all that much different to the 12 and a half percent. that island is so famous for yes. hello, ben, that's the problem. we have a global tax deal that is matched to some of the world's most notorious tax havens . so there would be an opportunity now and, and of course, we all know the impact that we have had the world over. we see the greatest rise in

inequality whose records began and conscious everywhere in the world that only the least developed developed are needing to invest on their health systems on education, on keeping people alive in the middle of the week. but these 15 percent is too low and you know, the us government has been pushing for 21 percent. and really what we can say is this moment in time. and the shock we've had collectively, worldwide is similar to what happened after the 2nd world war. and at the time, taxes were raised to 40 percent and 50 percent rates because that was the type of investment that was required to recover. and that actually meant there were years of, of prosperity and growth and recovery. isn't it more about closing the legal loopholes though? because a lot of the time we're talking about tax evasion and tax avoidance, these companies getting away with it because they're allowed to because of the deals they have with these governments. and they're not even paying that official

rate of say, 15 percent to or what they have in island. 12 and a half percent. yes, it's true that you know, in, in, in very very large amounts are being lost to tax evasion and tax illusion. but, and the 15 percent risks and being a race to the bottom, you know, we wanted to really base the stand that's too much higher amounts that can really mean a difference. and there's also too many loopholes, though the whole financial system has been excluded. and really, the sharing of firm and taxation globally is limited to those companies that are making over $20000000000.00 and above and only their turnover is more than 10 percent of their profits are more than 10 percent. so in the end, if you calculate very, very little there to developing countries, in fact, the lowest and least developed countries around 3 percent of the total

rate would be arriving. so it's very, very small about and that's why it's actually risks to create a lot more inequality than we have right now. is that what governments are worried about in the industrialized world? because there are so many governments behind this plan, but in your opinion, it's not going to change much. it's not going to bring in a heap more revenues for them. are they worried about the revenues going to pull countries? so the revenues a, as you said earlier, because the in the loop holes of tax havens will be this incentivized, the revenues are likely to increase, but they're mostly going to be and coming to g 7 countries and not to the majority of the world. and this has been raised, for example, the finance minister, french and dina is saying this very clearly at the g 20 and many are questioning why not take this opportunity to have a fair tax system where companies and pay taxes where they have activity where they

have their assets, their people where they, where they are reducing. so this would have been that opportunity, and at this very important moment when this important investments needing to be made. gabriella from awesome, thank you very much for being on the show today. thank you. vertical farming is making its way into african cities to feed the surging populations of urban centers. the idea is to grow the crops out of the sides of tall sacks of earth to save space and reduce transportation costs from the farm. in a forest of vegetables, thriving in a small courtyard. vertical farming makes it possible. so these improve food security and urban kenya. levine, sal cage grows, produce invincible plants and socks. when a small farming gets in gala on the outskirts of night would be she calls of a spinach and kill for both household consumption unfulfilled. it's what was so

interesting about it is how, like you can find one suck can hold up 150 plan. so that one was a bit a economy quote for me. and it's something that if you late don't, it's going to cover like a big space. but here you see it has just taken a most fit, but how many she uses less water and spend less time and money on weeding. she was introduced to the new method by mere might of urban green farm. the organisation sells vertical farming bags to interested parties, and as also teamed up with local n g o to sets up gardens in informal settlements on the compact spaces available in urban areas. army, most of the non profit initiative helps to promote climate friendly agricultural practices. yes, positions, pena coordinator, saying wrong training courses for young people and some of the techniques that work

vertical guidance, hydroponics upon x and idol pointing. so basically we see the youth as the future of africa. and also the women take committee, big push on a claim. it's security in africa, so we see that if empower these to the africa, we did it before security move deck into the next level over the last 3 years. this will station st more than 1500 women and young people around can. the cost is cover everything from crop management and watering technique to pest control on the use of bio for allies. this vertical gardens has its own training facility. here, emphasis is placed on ways of saving the planet from carbon emissions an excessive energy use people. i encourage to grow food close to home to help cut down the use of feel during transportation. if i can grade myself, then it's better for me to better for the environment as a whole,

reduce the amount of cars on the road, the amount of carbon emissions, the amount of transport needed from the supplier to come to this for market from this full market being a hefty electricity bill in terms of power and, and refrigerators and services, and that's for love in. so cage, vertical font is doing so well. she's already thinking about, do more vegetable variety and look at some other business stories making use. the international monetary fund has increased its lending capacity by $650000000000.00 if funds reserves for countries in need of support to recover from the pandemic. i'm if managing director calls the program a shot in the arm for the world of the us food and drug administration and incentives for disease control and prevention. se fully vaccinated individuals do not need a boost to cove and shot at this time on thursday. germany's biotech and pharma john pfizer said they'd seek authorization for a 3rd dose of the vaccine to tackle the delta variant. vietnam's economic comp,

hoshi mean city as being on a 2 week lockdown to control the spread the virus. the measures include a stay at home order, a ban on more than 2 people meeting and the closure of public transport services shelves in many supermarkets emptied as people brushed to prepare a german government flip flop has delta, a severe blow to portugal, all important tourism industry german tourists canceled their trips after berlin issue to travel warning only to revoke it a week later. the own garver. it's always been the heart of portugal beach tourism even today, but not like it used to be. it's mainly the portuguese themselves, a few spaniards and some french tourists. in the many hotels along the coast lively beach life has turned into an eerie calm, sequencing, 55 to 60 percent of the guests who normally spend their vacations. here are

foreigners. and if they come mainly from germany, the u. k and other countries, but they're not here now he's not on cath. christina morero's sees the consequences when she takes a walk in the private roacher, empty and abandon shops. the tour guide tries to make ends meet as best she can. why doesn't want those 2020, everything canceled this year so far? everything's been canceled. now i've had some work, but no tours. i would. this is kind of your morero's survives by giving courses for new guides. many people in the garvey don't have any income as the charity carrier task experiences deal with its food bank in port to mild mann watson because we're taking care of 480 families at the moment. that's 112070 people. during the 1st year of the pandemic, the number of people in need skyrocketed this spring. the number went down as soon

as the 1st hotels reopened and sought staff. but that buoyancy only lasted for weeks. things will tend to get worse again because he disappeared. defensive german tourists are allowed to travel again. might be too little too late. british tourists still can't travel. the damage seems to be done than food, even though the measures are what he's wrong. now, july and august are the most important months for the garbage and for southern europe will do it all because they'll probably be lost up until the pandemic struck 15 percent of portugal, g d p came from tourism. that makes people all the more frustrated with the travel restrictions. we are seeing these ever changing rules and for answer printer, for the employees is very difficult to handle these new situations every

week. 56000 germans planned vacations in garvey for this july. that was before the warning. now, no one knows how many of those holiday makers will even show up. beautiful bout of the world sad to miss out on nice doing business with you. the news every day for us and for our planet. a little delayed, yours is on its way to bring you more conservation. how do we make city screener? how can we protect animals and their habitats? what to do with all our waste? we can make a difference by choosing reforestation over deforestation recycling over disposable

martin solutions overseas set in our ways is truly unique. and we know that that uniqueness is one allows us to live and survive. why dia, the environmental global $3000.00 on dw, and they said, did up the news a shot today on the program? why eating disorders are becoming increasingly common in china? many young women are risking their health in pursuit of unrealistic body image goals. but what's the pursuit and what can be done to stop it? plus life has never been easy for transgender women in.