saudi arabia and for u.s. territories in the fight against financial crime as we reported here the european commission previously recommended the twenty three countries and territories including saudi arabia and for unincorporated territories of the united states money laundering and alyssa transfers but the commission was handed a staggering defeat on thursday night as representatives of twenty seven of twenty eight e.u. nations oppose the commission's recommended additions that commission's expressed concerns about the listing price and member states on the way forward reportedly took place earlier today. and speaking of dirty money there is corruption news out of liberia where three former leaders of the african nation central bank have been arrested in the disappearance of liberian banknotes worth roughly sixteen point five million dollars the suspected embezzler is include a former governor of the central bank as well as a deputy governor charles sirleaf mr sirleaf is also the son of liberia's former president ellen johnson sirleaf. the arrests are just the latest developments in

a major scandal that began brewing last october over the disappearance of a total of about one hundred million dollars worth of bank notes in a report commissioned by the lib liberian government after the story first broke consulting firm kroll and associates said they had quote identified discrepancies at every stage of the process for controlling the movement of banknotes into and out of the liberian central bank. and staying on the during money while dutch shell is once again facing legal trouble over their business practices an oil rich nigeria the corporation disclosed earlier today that prosecutors in the netherlands are preparing to press criminal charges of the company's efforts to acquire energy rights bought by wible energy company any of italy the company's stock took a hit as the dutch prosecutor's office confirmed they have found that shell committed prosecutable offense is involving suspected bribes to try to secure rights to o.p.l. two forty five oil and gas exploration block while drug charges have not yet been

released managers at both shell and any case the nigerian government has also sued the companies over the case alleging fraud and seeking to recover damages. and the focal point of the trip him summit in hanoi might have been the denuclearization of the korean peninsula but much of the meeting had to do with business as well north korean a china vietnam and the u.s. could all benefit from the aftermath of the talks or in some cases maybe lose their economic footing with more on the issue are joined by steve malzberg in new york and alex mahela bitch in toronto alex with let's start with you you could argue that of all the players here north korea is the one with the most to gain or lose from the summit what's your take on that. certainly so the north korea wants to say she was dropped against them and there are some pretty crazy sages if you look at it a decade's worth but you know they're saying that one thing that mr president trump

said that was wrong was that they asked for all they're saying it's to be dropped north korea is now say they don't want want all the seychelles to be dropped they're talking about sanctions mostly that were put up by the u.n. between two thousand and sixteen two thousand and seventeen that are hampering according to them the ability for further hampering our civilian economy and livelihood that's a direct quote from them now u.n. sanctions as i mentioned have been on for decades but we're talking about say actions around two thousand and seventeen so what what the current north koreans have said is that they're willing to dismantle their your radio production they young beyond complex for exchange of dropping these sanctions now these sanctions unlike the ones that started decades before were about weapons and such this war that's also hurt the economy but it was like stopping oil flow into the country north korea doesn't have much oil itself has to import most of its energy in oil also we're talking about exports of textiles that's a massive part of the north korean industry they're not allowed to export test

textiles and also in a smaller facet their foreign workers there tens of thousands of foreign workers working around the globe saudi arabia or i should say arabian peninsula as well as other countries in asia are hoping that moving forward they can get these sanctions removed as we saw it didn't happen at the summit but it could still happen even president trump says that things are ongoing here they're interesting alex and steve from a business perspective we heard a lot of president trump telling the benefits for north korea of denuclearizing but are there are significant economic carpet opportunities for the u.s. as well when it comes to north korea and the region. well absolutely you know my comp aoe said as far back as the middle of two thousand and eighteen that if kim agrees to to acquiesce they're going to need a whole bunch of stuff done in that country to modernize. we're talking infrastructure we're talking about electric grid right on down the line and he made it very clear pompei zero that this will not be the u.s. taxpayer footing the bill for this this would be american companies going in with

opportunity to do business and to restructure their hold their whole system and of course when it comes to trade as was alluded to a second ago when it comes to trade because of the sanctions north korea only trades to an import export about ninety percent of it is with china and certainly that the u.s. would have an opportunity to import oil to import grain which the farmers here is just perked up all over the country and machinery as well so that's three huge areas that that would benefit and let's not forget that if a deal were reached and we were able to draw down our troops in south korea economically that would help the u.s. as well so there's a lot of benefits but you have to ask the question this can really want that does he want modernization does he want to open up the country and have his people see what's out there i don't think so. very up question stephen you mentioned china what is their interest here what depending on how this plays out what could be the economic cost or benefits for them well naturally china right now they they they

dominate like i said traded ninety percent of the imports exports with north korea at the through china china is a string polar to me a puppet master when it comes to north korea and always has been and i think as far as u.s. china talks you know before the talks in north korea fell apart in vietnam i should say with north korea everybody assume that there's going to be a deal signed that mar a lago in a few weeks between she and trump now maybe not so sure because trump said at the press conference in vietnam look i walked away from this i might have to walk away from the china deal even though larry kudlow expressed great optimism yesterday the other two let's sing of the chief negotiator and the new should the treasury secretary. have expressed a little more doubt and reserve when it comes to speaking about it so it's a question and especially if trump believes that china was behind north korea being

obstinate here and stubborn at these recent summit it might not bode well for the future of the trade talks and don't forget today's march first trump in his goodwill gesture postpone the increase in tariffs that was supposed to take effect today and alex what about the host country here what are the angles vietnam is trying to work as the interlocutor here in the summit well i mean look at vietnam is a country that has one of those fastest growing economies in all of asia and this is a former communist country and we all know about the vietnam war and now they're doing fantastically well i mean their country that has really moved forward this is something that kim and his people from north korea are looking at very closely because this is a perfect example for them how to grow and you know i'm talking so nicely a bow a vietnam i've been there is a wonderful country but let's look at what president trump has to say and this is a tweet from him he says vietnam is thriving like few places on earth north korea would be that see and very quickly it would if it would denuclearize the potential

is awesome a great opportunity like almost none on the other in history that didn't happen overnight but it might happen so place down the road so anywhere that you turn it right now like vietnam north korea has the potential to become something huge like vietnam it's looking at tourism and it's a resource rich nation so there is potential someplace down the road if things go in the right direction right and alex we had you here yesterday talking about this fast moving scandal with just prime minister justin trudeau there in canada calls for him to resign what's the latest there. so the latest all we know is that five former attorney generals are now asking the r.c.m.p. which is the royal canadian mounted police to probe into this scandal the scandal deals with s. and c. level and a huge engineering and construction company that is accused of corruption they were bribing people choose to bribing people in libya government officials there and trudeau's told the attorney general the former territory general stop did not prosecute according again accused of saying that it's all

a legit lead and so we've got a point one there and point to i just got to say that the latest is also that he had to do a cabinet shuffle today because of the attorney general after quitting he demoted or and then she resigned from the job so he had to find new people to fill those places ok very fascinating situation going to keep an eye on that our correspondent alex mahela bitch and conservative t.v. commentator t.v. and radio. i. am now for our global weekly market wrap up and we start as usual in russia at the moscow stock exchange which was down this week making three weeks in a row notably gazprom the giant state energy company building that eight thousand mile pipeline to china we told you about the other day is beating the trend on the moscow exchange for the last year in china at the shanghai stock exchange it's up this week on positive trade news as steve just mentioned u.s.

tariffs won't be increased today after progress and trade talks japan's nikkei two twenty five up and that's three weeks in a row there shanghai and nikkei up hong kong hang seng down has been back and forth quite volatile this year up as it appears the conflict with pakistan is cooling after a conciliatory statement from prime minister imran khan sound in south africa all shares also down going to europe and france the cac forty is up as is the german dax turning to great britain the u.k. footsie down with concern continuing and. certainly about bragg's it will be delay or will there be a deal only twenty eight days left until the deadline moving to the western hemisphere there is a phenomena going on colombia the coal come down as is the. and in brazil we can't we must note that today corn of all kicks off which is good news for the i. as a nation's confederation of commerce services and tourism estimates a celebration could generate nearly two billion dollars of economic activity and

create almost twenty four thousand jobs and eight thousand miles to the north of canada's t s x that exchange is down for the week as are nasdaq and y. se in new york and one note on the nasdaq lift has filed for a one hundred million dollars i.p.o. initial public offering and that exchange we will be following this closely as race with. time now for a quick break but hang here because when we return as technology barrels full steam ahead so too does finance and we are staying in and pete of u.c. helps us analyze the future authentic and finally trade tensions are causing some people's bank accounts to take a beating and you know it's causing troubles related to trash small event as we go to break here are the numbers at the closing bell.

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be the one. we can all middle of the room six. million real new. welcome back tesla motor company has announced it will soon join the long list of companies that are trying to. online sales and as a result will be closing most of its traditional brick and mortar stores in the near future archies rachel blevins steers us to the details tesla has announced that in order to cut costs it will be closing doors in the next few months and

moving to online only sells for its electric cars tesla c.e.o. eon musk has branded this major shift in the company's business model as a path to both cut costs and to follow through on the promise to sell the company's model three for thirty five thousand dollars in a statement tesla said that shifting all cells on line combined with other ongoing cost efficiencies will enable them to lower all vehicle prices by about six percent on average musk admitted that the first quarter of twenty one thousand is not likely to be profitable but he said he has hope that tesla will be profitable by the second quarter tesla shares fell four point nine percent to around three hundred four dollars in pre-market trading on friday but reports noted that the stock is still up from where it was on tuesday before musk took to twitter to announce that he had some tesla new decision to close brick and mortar stores follows the announcement that test was cutting three thousand one hundred fifty

jobs or about seven percent of its workforce this tesla store here in washington d.c. is one of around one hundred stores in twenty three states across the u.s. but tesla has notably run into problems with local and state governments in recent years and twenty seven states have banned the company from selling cars directly without operating franchise dealerships with online only sells test level no longer give customers the opportunity to test drive vehicles before purchasing them but it will our customers to return cars within seven days or one thousand miles for a full refund allowing them to buy a tesla drive several hundred miles for a weekend road trip with friends and then. or turn it for free so the question remains will customers prefer to stick with cars that they can test drive before purchasing or will they have raised this new changes traditional tesla stores become a thing at the past in washington rachel blood vns artsy. checking in

with india u.s. convenience store chain seven eleven is making a major play for market share in that country's growing retail food market the familiar vendor of snacks and soft drinks is partnering with the retail subsidiary of the india's future group according to future group c.e.o. chris shore being on e seven eleven japan reportedly will also help the company to launch into a market where such chain stores are not yet common in so-called mom and pop corner shops or more typical seven elevens international director ken what she said india will bring than india will bring the number of countries with seven eleven stores to eighteen. and moving to both the east and west of india china is chafing at criticism from turkey on their treatment of the muslim weaker minority and giving notice that economic ties could be jeopardized the chinese we are population are believed to be a target ethnic group and the majority of them live in the far western province and

jang meanwhile president ed one of turkey has sought to create a profile for himself as a defender of muslims on the world stage now the chinese diplomatic mission to turkey says that the chinese consulate in izmir turkey is third largest city has been closed earlier today china's ambassador to turkey made the linkage between the consulate closure and turkey's statements on the treatment of the weavers in a statement and bastard said criticizing your friend publicly everywhere is not a constructive approach. we now move to block shane and i are pleased to be joined by henri our slain in the spin tech and crypto leader in asia on rethinks for joining us today good to be with you when we when we talk. adoption and we do a lot here changing things from health care or medical records to finance is finance the sector where we should be looking blocks in technology from a whole broad range of industries for example a recent survey that we conducted with six hundred executives from fifteen

countries so that eighty four percent of those companies are working on technology although most of them are start the r. and d. level however while there is a lot of good use of the use cases of financial services i mean from you know trade finance to post resettlement process these are very intensive after argue that we're seeing a lot of developments outside of financial services for example in areas like the just six supply chain management or even the food and drug traceability because consumers want to know that there is food and drugs are actually coming from where they save cobbs and that's something they're blocking technology committee not sought to solve entirely but helps us on really and in terms of these benefits what's keeping us from doing it all right now what are the embed sort of bombs in the road on the way to. asian. that's a good question you know it's a bit ironic because if you look at some of the features that make blood shoot technology unique you know from the fact this consensus driven is distributed even

some features like traceability and immutability have actually become some of its obstacles when it comes to adoption of financial services you know as you know banks have to comply with a whole range of requirements when it comes to customer identification data and the for those cases the use of public walk chain. not ideal when it comes to for example data privacy laws would g.d.p. are for example where customers have the right to be forgotten again using a block chain with immutability functions is also not ideal this is actually you know when you look a lot of the banks when they've been experimenting with blocks in technology they've been in a lot of use and permission networks permission less networks like bitcoin were really they can choose who are the other participants on the block chain and can decide what's. features they want to have on board as well yeah i don't agree that's a very interesting point you make that depending on the specific application of any particular technology it could be either a feature or a bug depending on the way you're trying to use it and you know we know you're on

top of the very cutting edge of block chain technology applications what's going on right now that we're that you know about that we're going to be hearing about very soon in this field. well you know when it comes to cutting edge or exciting stuff involved in this you know boxing is the gift that keeps on giving i would say the one element of the brother of the family that is really exciting me right now is really want to comes to crypto and crypto currencies and especially the institutional players as your own g.p. morgan point but also across you know in switzerland with overnight julius baer announcing that it's going to look at offering crypto products to its high net worth cloyd's and i think this is a very the entry of institutional players is very exciting because it really brings a level look at situational maturity and expertise to the credit of the group of sector something that it not only really needs but it also deserves a very interesting is always on re our slain and p w c thank you for joining us it was a pleasure being on. china

has been imported recyclables to improve its environment but the move could take a financial environmental toll in the united states legal journalist model molly barrows contributor with america's lawyer joins us now to talk trash molly brings up to speed on this been how how did this story what's going on here. you know well it used to be that the u.s. them most of its recycling overseas to china in two thousand of its plastics to china but last year china closed its doors to foreign ways and the u.s. had to scramble for new buyers well despite stories of recycling lows the u.s. seems to be finding them in other words the u.s. has no other choice but to find other crises or during that you know that's not going to happen overnight beginning in two thousand and thirteen china began to make a series of policies policy shifts rather to reduce the amount and types of recycled material because they want to you know where they're worried about their own

environment but some on the other reasons but regardless of whatever the reasons they say that this means that the problem the hot potato if you will is falling back. the last of us states and us communities that have been sending their trash their recyclables to come to china because by two thousand and twenty they want to discontinue all recyclable materials if you will to china so in two thousand and seventeen to see a recap china announced that it would impose a certain standard for recycled materials far below the industry standards but at the same time it also found the importation of several categories of curbside recycled materials which could have an impact on people who are employed to recycle those materials so of course you're having a lot of concerns from people who are with in the garbage collection community if you will of how those materials are collected it's going to take a big toll financially as well as environmentally people are concerned about we're burning this material here in the u.s.

we're going to lose employees that sort out this material inside and basically prepare for distribution to other countries so china's band is going to have a going to have an impact but the bottom line is we've got to figure out what we're going to do with our own trash you know right very interesting molly and you know the there is a market for these materials but when it goes below a certain point in terms of you know the resale value that then it literally becomes a hot mess we've got a hot mess here with louis trash being burnt in the united states can you talk a little bit more about those concerns those of my mental concerns in the united states around burn trash and environmental justice concerns all these environmental justice issue who is going to pay the price he's going to have to deal with his trash and with the smoke depending on how we deal with it what were the tolls will bit more about those e.j. concerns. yes absolutely because you know we all have trash we have to get rid of whatever country that you are in and so the bottom line is how do you address your

particular country's concerns when it comes to environmental regulations and still get rid of the trash where hopefully it's safer. the community and the united states we know we have laws we have to abide by in order to keep. those decisions safe but in china they say and they seem to be saying now that hey we're going to make these decisions to make our environment safe but you know the bottom line is not everybody believes their reasoning but the bottom line is american companies worry that these restrictions going to benchley lead to loss of tens of thousands of jobs and the closure of many recycling businesses so they're saying what the world are we going to do but they're going to find other ways to deal with this yes there are concerns about the emissions that come from burning this recyclables they don't want to be a long term impact but they can certainly make other decisions that they can benefit the community and not lead to this long term impact so thank you so much. for giving us just start by the simple. and we'll see where ago thanks for joining

us molly barrows contributor to america's low thanks so much for your insight you can catch boom bust on. you tube dot com slash two most ot see you next time. the folks who printed money when they want more money they just print more money they don't rely on workers to go and produce stuff that they have to go sell and then make a profit on the stuff they sell you don't see that in the car industry anymore it's become financially you don't see on the property market any more spend a financial you don't see the manufacturing in the u.s. suspects for it to china and financial eyes commodified securitized. american as a worker is completely redundant the same as they are all around the world wages are converging and they converge at the wages in china so china wages are roughly i think four or five thousand dollars a year this is where the american wages are headed.

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and i have no money. to lose. the venezuelan vice president told us support for the opposition leader and self declared interim president. the export violence to countries but their plan won't work in venezuela we have decided to protect our country. u.s.

backed fighters launched an assault on supposedly the last stronghold in syria despite donald trump having already declared one hundred percent of the group's territory had been reclaimed. and siberia becomes a win.