Giant has lost another lawsuit related to the weed killer roundup made by recently acquired monsanto now this will cost by a 2000000000. 00 and there are many more lawsuits in the pipeline. And alberta pilly odds say roundup caused their cancer so they sued even though a lot of people believed they wouldnt stand a chance against buyer in court. Weve been finding cancer for. 9 years now holly than me and it was caused by a round of. Its changed our lives forever. We cant do the things that we used to be able to do and we really resent monsanto for that. Their lawyer told the jury and turned all documents prove to monsanto wasnt interested in determining how dangerous its product is now by a has been hit with 2000000000. 00 in compensation an astronomical sum even by
american litigation standards and things could well get much worse for the chemicals giant. This is not the end of this litigation this is the beginning there are tens of thousands of people out there probably 203040000 people and i have continuously told they are and monsanto were coming after them investors seem to have come to the conclusion that buyers woes wont end anytime soon since its takeover of monsanto back in june of 2018 virus shares have plummeted by more than 40 percent the company says that it will appeal the decision and continues to deny that roundup causes cancer but increasingly it appears by a might have seriously underestimated the long term cost of its monsanto takeover. Of a more im joined now by John Rountree Managing Partner at a double sector Consulting Firm specializing in pharmaceutical and medical Products Companies that have you with us it looks more and more that it was
a big mistake to buy monsanto was it yes i believe we can look now at hindsight and so it was a mistake and we can say that at the time it was a mistake the agricultural and pharmaceutical business is a very different if they had been a soley agricultural chemical business you could have argued for the be consolidation at the time because the industry was consolidating they needed scale if it were just an agricultural chemical you could have argued that at the time but it wasnt it was america and company and it was a distraction at the time and i think with hindsight this is causing a lot of problems for byron it was not the right thing to do they may be better off spinning it out at the time when consolidation was hot like that it was the best road and. Of course now they are faced with the situation theyre faced with now and right now there are many many more one all suits in the pipeline how many will such cases and fines can buy
a ford. I think these cases will probably be settled at less than the amounts that are headline when they announce them but even so theres many more to come as the lawyers are saying the lawyers of smell blood and this one will run and run i think you look at a company the size of bio which is in the top 100 companies that we track its a big company it can survive such things you know these things these settlements will come in as i said lower but its going to cause damage and i need to weather the storm now now you said earlier mixing Pharma Business and Aqua Chemical that was the big mistake if i came to you now for it wise advice would you tell them. Ok i 1st of all just full disclosure im not advising bio now and have not in the past so i think the question for them now is its not a good time to start splitting up the business now the agricultural chemical part
of it is is highly toxic in a way and so trying to sell it now or get rid of it would really not destroy even more value so they really have to weather the storm now i think they have to focus their management teams in the Pharma Business and the Consumer Business which are remaining strong and really get those guys to develop those businesses without the distraction of the agricultural business keep the agricultural crops science business very well clearly separated within the Buyer Structure keep the profitability coming and weather the storm and keep working on the legal side of things which im sure what they are likely already doing John Rountree Managing Partner at now a sector there speaking to us from london to thank you so much thank you. Air pollution is a growing problem in many cities around the world from delhi to beijing all the way
to berlin now following the infamous Diesel Scandal germany has been trying out all sorts of things to clear the air the latest a giant Vacuum Cleaner thats meant to eliminate all the nasty stuff from the air we breathe. A new filter for a new type of Vacuum Cleaner this one doesnt collect crumbs off the carpet it takes particular matter and Nitrogen Dioxide out of the year one set cost 21000. 00 euros 17 of them are mounted it stood Guard Snecker Gate the pollution hotspot. In your thought the technology is much like an outsized Vacuum Cleaner its an Industrial Filter assembly which uses around a 1000 watts per unit thats roughly how much a normal Vacuum Cleaner uses but this is a 100 times more effective we can suck about 10000 cubic meters of air through the filter. This is a mobile open air Vacuum Cleaner
a research project. The filter removes the same amount of particulates matter from the air that the vehicle produces. It may look cumbersome but it could be mounted beneath a delivery van or truck the manufacturer expects the largest market to Filter Technology to be in asia. Kantishna we developing the Core Technology here in germany of course but were focusing on markets like china india korea japan and singapore the exponential industrialization there has put a heavy burden on people and you know its your portal because its probably not effective to position it all over a citys infrastructure where a lot of people come close to high Traffic Volumes and interact with them we can simply help to reduce the Pollution Levels of the last 2 or 3 dimensional so that its. Something theyre already doing in the asian megacities of Shanghai Delhi and bangalore. Now here in germany there appears to be
a growing appetite for fair trade products figures just out show a rise in the amount consumers are spending on ethically sourced items in 2018 germany has spent a total of 1600000000. 00 euros on fair trade Certified Products thats an increase of over 20 percent compared to the year before and those with a sweet tooth seem to be doing their bit fairly traded cocoa now makes up 10 percent of the german Chocolate Market when it comes to coffee with a conscience its not quite so good to just 4 and a half percent of coffee being sold in germany this way and if you think fair trade is but not us well you to be right to Discount Chain a needle has become the 1st Supermarket in the country to commit to selling only Fair Trade Bananas in the future my colleague said be making the head off say a trade to germany how much difference a decision like the one taken by a leader actually makes. Its an enormous step for producers who want to move
further towards fair trade because the volumes involved are very big that can have a big impact locally and we Work Together with companies to look at supply chains. An impact. We sort of buy all the processes as well as the importers and export. Import export to what does this. Kind of thing doesnt happen overnight if you take a year or 2 of preparation especially when youre dealing with a hard volume of goods. Film. From german a fair trade now to india which produces a lot of the products that we buy here in Europe Johnny chief executive officer of the fair trade India Project is with us now thank you for joining us how fair is trade in india these days. Yeah thank you for having me. So in the
indian context as the ball and i suspect it is growing slowly better standards are being adopted in the country but we still face major challenges and are speaking in the context of very great on the Agricultural Sector agriculture is still by a large by far the largest employer in the country and there are major challenges if you know in the context of Farmers Recife since 9095 over 300 of them Housing Farmers committed suicide primarily due to the economic reasons to break down thats almost one familys 1st act every 40 minutes. And as we want or were 22 years and beyond that despite the best measures being taken by the government they have laws in place but no one expected it practices their minimum Support Prices they also have more recently introduced a national 100 guidelines for better social environmental practices we still have
a lot of exploitation in Mining Trades like sugar. And tea so what the judge what if i just may interrupt there because you said there is still exploitation there what can consumers in india but also elsewhere as well as businesses what can they do in order to make trade more fair well i think its important that we start looking at the dream last all the implications of all of which is decisions whether were going to be in minute about all the social cost so we need to solicit out and purchase as consumers in germany and do it it would sustain a lot of it and certainly the venture a big market is growing in india as well with consumers choosing all who can run us will peanut based products and other such agricultural including Fashion Products in india so that i think we need to be asking questions about how the products are being made and we are. Just very very briefly is the concept
of fair trade a luxury concept no actually it isnt getting on into the mainstream we recently launched last year a product by radical people which is but just well received peanut brittle. So this is something which is accessible even to the middle class the race of their brand but which isnt using products for the sufferings of the so you get into. Question is on set a fair trade is possible for every pocket johnny the c. E. O. Of Fair Trade India thank you so much and thats business asia. An action packed life for. Me. Any peace possible as long as im comfy and his friends can dream up. This movie. Refugee camp. His life story may have ground to a halt. 27 years ago but theres no holding back his dreams. Brian. Todd thank you for watching. Cinema dust stars may 27th going to dump. People the world over w. On facebook and twitter up to date and in touch follow us. Look closely. Listen carefully to. Those soon being too nice to be
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