kind of even like a kind of space race between the asian countries actually china india and japan but i think it's a very healthy competition in this case india is going to continue with. chandra and one that discover water in the near the south pole of the moon a notch and i and 2 is going to be launching through that area with a line there and we thought rover to explore the possibilities of finding what there you know more you know more that act way with more that the evidence so it is very complimentary to what all the nations are doing it is called. welcome if you're just joining us 30 minutes past the hour these are your top stories the latest diplomatic efforts to bring iran and the u.s. back to the negotiating table appear to have ended without any major breakthrough at a meeting in brussels the foreign ministers downplayed iran's decision to enrich uranium above the limits of the 2050 nuclear deal but there was no solution to the growing tensions between the u.s. and iran after that meeting in brussels that you use foreign policy chief for the record greeny said e.u. powers r

of the main villains of climate change but as europe cleans up its act what can be done about india and china addiction to the black stuff. also coming up taking the gig economy to the next level what person now living in camper vans next to the temporary jobs and actually enjoy the lifestyle. and a giant telescope is planned for hawaii as tallest mountain to enhance humanity's knowledge of the universe and create hundreds of jobs that natives there say stop the site is secret. business asia i want to get jones good to have you with us now than coal is seen as the greatest climate threat we face contributing more to global warming than any other fossil fuels there's a heated discussion going on here in europe how to reduce or stop coal fired plants to save the planet but only a few are actually walking the talk in fact coal is gaining market share across the globe in 2018 coal consumption grew by 1.4 percent that equals 3770000000 tons a day experts agree coal is here to stay for years to come to meet rising energy demand china by far has the world's biggest appetite for coal india comes in 2

he's joining us from paris thomas thank you very much for being on our show we've heard about china and india there which other economies in asia would you single out for urgent action. so much can you hear me. it seems we're having problems with that line to paris and we might come back to thomas a bit later in the show our next topic china's trade surplus with the us burst wide open today as beijing's customs authority published fresh important export figures china's imports from the u.s. plunged 31.4 percent in june from the year earlier amid the tile floor with washington as a result the trade surplus with the u.s. widened by a whopping 12 percent to $138000000000.00 u.s. dollars china's exports to the us also dropped during the 1st half of this year. now china is pouring millions of dollars in aid and low interest loans into the south pacific many think because they are looking to keep australia new zealand in check in the tiny kingdom of tonga there are signs that a battle for power and influence among the much larger nations is heating up. life moves at a slower pace without traffic li

electricity we've been successful with other forces of nature solar power for example is most advanced in china india and japan according to the international renewable energy agency. other countries are focusing on wind energy here to china is in 1st place but it's proven very difficult to harness the energy of waves. immensely powerful forces. huge wind generated waves. of the tides controlled by the moon's gravity. with an area of 360000000 square kilometers about 70 percent of the earth's surface is covered by water. most of it is in the oceans which could be a mouth of source of climate friendly energy but how can we harness that power tidal amplitude very dramatically around the globe in parts of western europe there particularly pronounced. the 1st tide mills were built in the middle ages or even earlier they were driven by the daily changes in water levels. in the 1960 s. decided to you it was picked up again and engineers built the 1st big title power station in brittany and from. turbines inside the tidal barrage are driven by the ebb and flow of the ocean. but the engineers and country to

he would like a kind of space race between the asian countries actually china india and japan but i think you saw a very healthy competition in this case india is going to continue with. the chandra and one that discover water in the near the south pole of the moon or no children 2 is going to be launching throughout the area with alum there and we thought rover to explore the possibilities of finding water you know more in a more direct way with more that the evidence so it is very complimentary to what all the nations are doing it is because. turkey has received a 3rd shipment of components of the s 400 air defense system from russia more deliveries are expected over the next few days in defiance of a warning from the united states turkish pilots are no longer being trained to fly america's f. 35 war plane the pentagon is threatening to cancel it turkey's orders for the fighter jet. dozens of people have been arrested in russia to rally demanding opposition candidates be included in the upcoming local elections a crowd chanted against moscow's election commission off to signatures found

>> you haven't said anything about china or india don't they have plans to do something on the moon quick. >> thank you for that question i had to cut my slides down and i was going to say something about china and india. of course china landed on the far side and that is a technical feet and jack schmidt he was on apollo 17 and an actual geologist who taught the other astronauts were originally was on apollo 18 which was canceled. he argued that apollo 18 should go land on the far side of the moon to put up a communication satellite and was arguing that in 1979 than the chinese did it. the chinese want to dominate the moon. and also the israeli probe is fascinating because it was privately funded they did do tracking that was funded by entrepreneurs and a private company and fortunately it crashed on the moon but it did get there and what is interesting if i could get buzz aldrin who has a chapter , he advocates the idea of you basically have a spaceship that goes out to the moon then gravity flings it back to the earth and then says that's a cheaper way to set up a cycler and then go up

as in china and india the lack of women of marriageable age in south korea has now become a problem. just like in china and india the lack of women of marriageable age in south korea has now become a problem. you'll get half of the truth yes there are too few women here so the farmers can't find wives. they look for one somewhere else they say it costs around $10000.00 to get one from viet nam. these women are usually about 20 years old and give birth to very lovely children. and one there are many of these women living in our area who are doing that law we could i knew what. a lucrative business as a merged around women as a commodity. that which is missing in one's own market after decades of selective abortion is simply import it from poor and neighboring countries. but south korea faces another problem nowadays many south korean women do not want to have children as all the population is drastically declining. once again politics has intervened with drastic measures. whereas young women 60 years ago were encouraged to have abortions now it is strongly from the point and criminally

years of even like a kind of space race between the asian countries actually china india and japan but i think you saw a very healthy competition in this case india is going to continue with. chandrayaan one that discovered water in the near the south pole of the moon and no children 2 is going to be launching throughout the area we've got a lot in there and we thought rover to explore the possibilities of finding water you know more direct way with more that they've either and so it is very complimentary to what all the nations are doing it is called are there any risks at all though francisco you say that it's healthy but are there any implications of countries like china and the united states and china and india perhaps clashing in space. yes there is always this. kind of idea that we're going to explore. expression of the solar system the same way we have explore our proud of our planet and that is a major conflict a potential problem if we explore exporter. i think the. the air force got to be more international remember we are now celebrating they got a very sort of apollo landin

the india towers were a double whammy coming after judi's of 50 percent china placed on aman's last year california supplies 82 percent of the world's $7000.00 growers. india used to be the 2nd largest export market in the last year became the largest because of a lot of that new product going into india that would have gone into china so going into this year it's a nother greater level of concern because india was the place that sort of helped even out the impacts from the china tariffs now we see the new tariffs and india and it certainly gives farmers a big question mark as we just are getting into the harvest season. it's a question that's likely to remain open until the end of the year when growers send to the co-op for processing and export. that's when they'll find out how much their harvest is worth on they'll learn the true cost of the trade war. so the sum of cups is finished the women's world cup the cup i'm going to cut and the gold cup. we take stock of the highly. missed opportunity. that people have for information. they want to express. facebook twitter up to date in touc

of the like a kind of space race between the asian countries actually china india and japan but i think you saw a very healthy competition in this case india is going to continue with. chandra and one that discover water in the near the south pole of the moon or no children 2 is going to be launching throughout the area with alum there and we thought rover to explore the possibilities of finding water you know more you know more that way with more that the evidence so it is very complimentary to what all the nations are doing it is called. turkey has received a 3rd shipment of components of the s 400 air defense system from russia more deliveries are expected over the next few days in defiance of a warning from the united states turkish pilots are no longer being trained to fly america's f. 35 war plane the pentagon is threatening to cancel turkey's orders for the fighter jet. dozens of people have been arrested in russia to rally demanding opposition candidates be included in the upcoming local elections the crowd chanted against moscow's election commission off to signatures function

spectrum germany only uses 1.8 percent so it seems like the future health of our planet depends on china and india and the way they satisfy their energy needs for more i'm joined by day for a chat or g. from a business standard in mumbai dave i hope you can hear me already and here i can see you good to have you with us so 1st of all explain to us a how addicted is india to coal. we are quite addicted to just look at the started to statistics almost 74 percent of india's totally sick days in rishon is from politicians and not only that almost 60 percent of india's in star gappers is from boston so it's we are certainly addicted to the call and there is no way out as far as a couple of makes deals is concerned what is happening is the government is unable to change to change the of again do doesn't want to abandon. our stations that is because if we shut down this gold base politicians it will leave a lot of bad debts in the indian banking sector which is already quite weak and this one of the big problem which has happened in india and carmel power that is the best quality can be easy to place the

the emerging market countries and the developed market countries, what we normally think of as china, indiang at double the rate of the developed market countries. the argument for emerging market is still out there. salients becoming more because so many people have gone into etf's. everybody has indexed or is tied to the index to the big stocks and they are asking maybe i am taking too much risk of being with this crowd in the big stocks. maybe i should go into a more actively managed fund or an emerging market fund which will give me diversification. that is what is happening now. anna: that was mark mobius, mobius founder. todaye hearing from mark about how the search for yield is pushing investors into emerging market. is that an attractive place for you? overall we are selective at the moment. i would not say we are overweight emerging markets. see a lot of value in em for a long-term investor. there is no doubt about it looking at current valuation, the equity side you are 1.6 times price-to-book value which is been associated with a strong return in the years that followed. we are a

of the main villains of climate change but as europe cleans up its act what can be done about india and china addiction to the black stuff. also coming up taking the gig economy to the next level workers are now living in camper vans next to their temporary jobs and actually enjoy the lifestyle. and a giant telescope is planned for hawaii as tallest mountain to enhance humanity's knowledge of the universe and create hundreds of jobs that natives there say stop a site secret. business asia i want to get. cold is one of the main villains of climate change but as europe cleans up its act what can be done about india and china addiction to the black stuff. also coming up taking the gig economy to the next level workers are now living in camper vans next to their temporary jobs and actually enjoy the lifestyle. and a giant telescope is planned for hawaii as tallest mountain to enhance humanity's knowledge of the universe and create hundreds of jobs that natives there say stop the site in secret. business asia i want to get jones good to have you with us now than coal is seen as the greatest climat

this a kind of even like a kind of space race between the asian countries actually china india and japan but i think it's a very healthy competition in this case india is going to continue with. chandra and one that discover water in the near the south pole of the moon and no children 2 is going to be launching throughout the area with alum there and we thought rover to explore the possibilities of finding water you know more in a more that ike way with more that had to be the nz so it is very complimentary to what all the nations are doing it is because there is always this. kind of idea that we're going to exporting to expression of the solar system they same way we have explore our products our our planet and that is a major conflict a potential problem if we expect. i think the. the air force got to be more international remember we have now celebrating they've got a very sort of apollo landings i mean that plucky taste we came in peace for all mankind and this is the motto i think this is the mission that we should have a humanity to go to space in peace for all mankind. in a way. t

but once these trade disputes with china, japan and india are resolved, what will the economic and tradel grow stronger because we will have rule of law, transparent systems, transparent ways of doing business, strong intellectual property rights and all of the things that help companies, give companies the confidence to invest and grow and contribute to the countries in which they live. that was the charge d'affaires of the us embassy in singapore. if the trade war was not enough of a disruption to global trade, tensions between south korea and japan are also on the rise. earlier i asked how much ofan impact the rise. earlier i asked how much of an impact it will have on the technology trade supply? japan has not stop supplies and so far samsung and other chipmakers still have someone reserved. and other chipmakers still have someone reserved. right now we see a downward in the chip inventory cycle. is a so—called mini trade wall had an impact? things may start to bottom out at the end of the year. before then we will not see a significant impact, even ifjapan could fast track approval

payments like google pay or pay pal or any wallets for certain countries and currencies like in china or india. the main principle stays the same the wallets are for storing money. the balance usually comes from of bank account or credit card or is topped up in cash the app lets you pay by clicking a button scanning a q.r. code or with near field communication i use mostly because they're really convenient because you can pay everywhere and anywhere with your mobile phone and it takes away the hassle of dealing with cash audit ring with physical credit cards with mobile payments you can just get a q.r. code and that comes directly from your bank account. user should look out for fees though often sending money to friends is free of charge but many providers make a profit on other transactions pay pal charges 5 percent on international money transfers for instance that can become costly in the long run. so here's a checklist for finding that you wallet that's best for your needs what countries and currencies does it work and how can i top it up what payment options do i have and what does the o

i want to bring sharon in here because we're hearing about potentially things changing and in china and india these developing countries but now that develops a country is struggling to find places to ship their rubbish to what are they doing with it all sharon and what are their options. well at the moment i think especially in the u.k. we're kind of relieved from the realisation that the destination that we're where we thought our waste was going is that our waste just wasn't going where we thought it and we're finding you know these shocking statistics about finding ways dogged and dumped into the environment where people have been separating the waste and households and thinking the do the right thing so that has a negative impact on people's behaviors so in the u.k. we're kind of trying to deal with with tightening up the whole way supply chain and making sure that those 2 diligence in place to make sure that things are disposed of properly but we're also looking at solutions on our own soil so right now waste to energy has become a big thing so a lot of our waste is more waste is going

it's coming from china, india, countries we have no control over whatsoever. ould spend 110gillion dollars and all this pollution is coming from china. why are we project our fire power at a country doing a good job such as ourselves and let china off the hook. david: we want to go to zero emissions in 10 years. >> absolutely impossible to do. what contempt she has for the american worker to want to do that. what contempt for the american driver to do that to the automobile industry. these people have no shame about lying, lying, and no such notion as there is enough contempt. they can't ever show enough contempt for the ordinary american. david: the unions have been supporting auto unions for decade, but i don't think they would support this one at all. >> please don't write in to me and say we should have electric car. the electricity for the cars comes from somewhere and that comes from building power plants powered with coal. david: coming next, the details on a massive coast guard drug bust. also, the video that everybody is talking about allegedly raw chi

disrupt the straits of hormuz because a lot of their allies and friends get oil through that, and china, india and other countries that actually are supportive of iran. then the international community would take action. they are going to be very reluctant to block the straits of hormuz. liz: bob hormats, thank you so much. >> great to be with you. liz: let's go back to the hat he was wearing when it comes to the federal reserve. the probability of an aggressive fed rate cut at the end of the month becoming more unlikely, one financial institution is taking on a more bearish stance and it's morgan stanley. morgan has cut its global equities allocation recommendations to the lowest level that it's been in five years. why? well, they say the answer is quite simple. they expect quote, very poor returns from equities, this is global, not just u.s., over the next several months. while morgan stanley does expect a rate cut to happen, it believes the cut will be offset by weaker global growth. so taking equities, stocks off the table and putting the focus into emerging markets fixed income, is morgan

conducive to the money will flow to the broader market as well it's another step as india aims to emerge from china's shadow to become the world's fastest growing big economy. interesting plants but will they work let's bring in their josie john a business writer based in bangalore india targets in g.d.p. of 5 trillion u.s. dollars by 2024 that's nearly doubling today's g.d.p. i call that ambitious with new. actually it is indeed ambitious but and the she needs to be ambitious if it reaches 5 trillion dollars it will go all you can journey in terms of g.d.p. which he too brittle for sure but doing it in 5 years is a long elaborate rule for a 10 person to yoda to do to achieve that number not to be sure india has been a great person in the past but doing that what after quarter year after year is a long odds but one important point in this plan is a massive infrastructure investment something india desperately needs but can't the country finance that by itself. so one of the big things introduced by that was a big push in infrastructure across sectors theaters and instance and how saying we we what we

we have a not of nuggets that are relevant they also pointed to growth in china, india, southeast asia, russia and mexico, as growth drivers actually in the largest market, europe, the company is stockpiling goods to prepare for a brexit >> consumer staples companies in general have had a nice strings of these reports where many have reported organic sales growth. the idea you can grow your business without acquisitions, grow your business in sales without the effects of tail does that winds what's great about mondelez is they're place bets in the right emerges markets and getting it right with the right product mix. that's tough to do no matter where you are, mondelez is doing it right whether it carries the procter & gamble and into other product names. and they have pricing power. >> there you go. >> consumer have paid them >> it's almost looking frosty, but then there's earnings reports like this. >> and the argument have been the valuations have been looking expensive as of late i think exactly what dom just said mondelez, unilever, kimberly-clark, they have pricing power, despite

conducive to the money will flow to the broader market as well it's another step as india aims to emerge from china's shadow to become the world's fastest growing big economy. interesting plans but will they work let's bring in their josie john a business writer based in bangalore india targets in g.d.p. of 5 trillion us dollars by 2024 that's nearly doubling today's g.d.p. i call that ambitious wouldn't you absolutely it does it and she's got it and the she needs to. just lie to the gods or you can journey. we've really for sure but doing it 5 years ago you have to rule for. us to do to achieve that number to be sure india has gotten us to that what about the water you know that you know is that on us one important point in this plan is a massive infrastructure investment something india desperately needs but can the country finance that by itself. one of the big things introduced by that was a big push in infrastructure across sectors and on stands and how saying really. what ways evy share a bunch of announcements and estimate is that india needs about $1.00 trillion dollars in the next 5 years to

china and india are top of the list.o convince people that it will be reliable, facebook says the currency will be backed by a reserve of assets, and has set up what it says is an independent body to oversee the currency, the libra association. its 29 members include household names such as uber, visa and vodafone. but central banks have already expressed concern. last week the boss of america's federal reserve, jerome powell, said libra raises many serious concerns that need to be addressed. and late on monday, us treasury secretary steve mnuchin also expressed his fears, saying libra could be misused by money launderers and terrorist financiers. he added facebook still had more work to do. are you comfortable with facebook launching a currency in the right way? two i didn't say i was co mforta ble way? two i didn't say i was comfortable with them launching a currency. if they want to do it in an appropriate and safe way. but i am not comfortable today. they and others have a lot of work to do before they get us comfort

china. india. because if they don't adopt them, no matter what we do in the united states, we'll make no difference at all. >> but it will make a difference in the united states country show some leadership. we've stepped out of the paris accords. the others have stayed in. and i mean, you've lived through the smoke and the wildfires and a lot of the changes that have made the environment so fragile in the country you love. >> well, what the -- what i have said repeatedly is that the climate is changing. man has a responsibility. there are solutions that we're adopting in the senate that the president has signed to make a difference there. new age nuclear power, which we're working on. in terms of the research that can be done,th the investigatio and finding ways to make carbon dioxide into products that can be sold. we need to do that, not regulation and taxation. that's why i'm working with a bipartisan group of senators toto advance those issues. what the democrats are proposing, and they're doi

test test test hey, actually you know we think in a lot of places around the world, specifically india or china. the political economy of coal state, therefore you get less gas in those portions and the outlook and you have to have these other solutions and that brings the opportunity for things like director and capture. we are spending so much time on focusing on it. >> if you look across the different climate scenarios from the international agency from ecuador and from shell, what they tend to find is advance industrialized most of the west that natural gas kind of peaks out around the year 2030 or 2040. even those under ambitious scenarios, substitution of call, you see in an emerging economy, china and india and parts of central and south america, expanding significantly even under these scenarios constraint. on the longer run, danny and i wrote a paper on this two or three years ago. we pose the question, what's natural gases' role in carbon. natural gas substituting for coal. ben infomercial for reducing carbon dioxide and substitute for coal. it is displaying a zero technology, and of

. >> china, india, russia, many other nations they have not very good air. in the sense of pollution and cleanliness. >> donald trump is point to go a real problem here. if we don't target asia. it emits more carbon dioxide than anywhere in the world. the reason is coal. three quarterers of india's electricity was generated from coal in 2016, according to the international energy agency. as the "washington post" notes, emissions could soar as countries continue to industrialize. many climate proposals, including the green new deal, focus on the west, ignoring this "inconvenient truth". now, poor countries won't be able to turn away from fossil fuels unless rich countries help them get access to cleaner, often more expensive forms of energy. leaders have known this for some time, but they have never figured out how to act on it. well, the harvard economistist ken row government offers the world carbon bank. there would be a lot of details to hammer out, but it could help poor countries wean themselves off fossil fuels by funding new technologies and green pro

india was up almost 80% last year, and year-to-date they are up around are so india, i think they about 20 years behind chinaure, so i think india is going to be a real growth story. to the extent the president keeps a good relationship with the p.m. of india, they have a lot of potential as well. david: we've talked about how trade affects you and your customers. let's talk about the consumer because ultimately somebody has to buy those pots and pans. we saw various records in the stockmarket on wednesday. one of the records was consumer discretionary. are you seeing any ultimate effect on the u.s. consumer buying those pots and pans? ravin: it is amazing, but we really aren't. we are seeing prices go up. some of our clients were caught in the tranche of tariffs that went for forward. we have seen some prices going up. i think it is inevitable that we are going to see prices heading up. that is probably my biggest fear, that a trade precipitated inflationary situation. so far we have all been saying that the sky is falling, but it is not. i think we are watching it very carefully. i would say that people li