But this time, a Research Team will study the possible risks 1st, the order to minimize them the we have an opportunity to to get to it right before we even start environmental activists or skeptical is this true Nature Conservation or only green washing the after all, there are billions to be made. Our chief, i struck him entry deep sea, greed starts june 8th on d, w. The United States on taiwan was fine, a deal and a deepening economic ties look at what the agreement includes on white. China is furious about us. Also coming up the global effort to crack down on plastic pollution representatives from a 175 nations gather in paris to discuss the ways to tackle the problem on too many jobs, not enough people, wives, businesses in the United States are struggling to fill the position this is needed for the business. Im paid ferguson. The thanks for joining me. United states on taiwan have find a trade deal sparking a furious reaction from beijing. The agreement and to streamline customs checks and prove regulatory procedures on the south as Anti Corruption measures. Taiwan government, which maintains relations with washington through a defacto u. S. Embassy on the island. Describe this as historic. Now, as mentioned, china, which claims the territory of taiwan as its own, has reacted angrily to the news. Lets take a listen to what a Spokes Person for the foreign ministry, how to say to sign a family deplores any form of official exchanges between countries that have diplomatic relations with a type on province of china, including negotiating and signing any agreements of silver and offers the nature of the Us Government insist on negotiating with a Democratic Progressive Party authorities on the so called 21st Century Trade Initiative and dentist on signing relevant agreements, which seriously violates the one china principal. This is a serious violation of us commitment to maintain only unofficial relations with tyrone. China is strongly dissatisfied with this action. Thats bringing stuff on like an economist off the university, often golf and stuff on strong words. There will china match them with action as well . The thing of course denounces the trade talks between the us and taiwan. But the standard procedure and trying to denounce us every high level government engagement with taiwanda territory that it changes its own a. But in the bigger picture, i think if we look at the us, china rivalry, any action is likely to trigger react some. The question is only how much of a reaction what we see here. And if we look at this trade deal, we will see that there is not too much substance. So if policy makers and beijing rational and i have little doubt that they are, they will see it for what it is most who symbolic. And so i dont expect much of a reaction other than a couple of words. Okay, so you mentioned that this deal is locked in symbolic. What does that include then . Whats in it . Well, its not a Free Trade Agreement that even Free Trade Agreements are a little bit of a misnomer. They dont create free trade. They usually rent and move tariffs. If we look at the deal between taiwan and the us, it doesnt even do that. So there are no tablet reductions. What does actually reduce is a lot of red tape. So for example, it allows now for digital or electronic of finding a custom documents or the online payment of custom and fees. So the movement of goods and trades is not much of the fact that the procedures are a little bit facilitated, but theres not too much in it. Uh, the more important and more difficult areas will only be negotiated off to this 1st agreement to sign. Okay, so we are very, very far away from anything like a free trade deal here, but one place on a central role in the Global Supply of ships. Will this deal affect the industry at all . I dont think there will be much of an impact if we look at what isnt the deal. Theres not much of our computer chips at all other than uh, you know, as i said, the facilitation of customs procedures. But in the bigger picture, in the us, as dependent on asian country supplying the us with computer trips and to taiwan is one of those countries at the ultimate laser. Its career china. And what the us wants is really that the cutting Edge Production of computer chips, especially from taiwan, especially from t as in c, is not as taking place in asia, but as actually set that to the United States. So i wouldnt see this a trade talk right now is the big deal, the big a deal as the industrial policy under the bonnet, ministration that aims for investments, for example, by t as some see in the us and look at what happened last year in december t, as in cx, the announced a 40000000000. 00 investment in a new plan in the United States. And i think thats going to attack the Global Supply of computer chips much more than this deal. Yeah. All right, stuff and i get comments at the university of since gallon. Thank you very much. Thank you. A time bomb at the same time as a scourge today. That is how french presents somebody on my call has described the global problem of plastic pollution. His remarks come as representatives of a 175 nations baffled the week of talks in paris, and eventually at forming the foundation for a global plastics, tracy, as well see in our next report, the scale of the problem there, tackling can hardly be overstated Plastic Waste as far as the i can see, a pressing issue of global significance between 1952017 over 9000000000 tons of Plastic Waste as being produced. The vast majority of which ends up in landfills and was comes to tackle the Plastic Waste issue on a global scale. The u. N. Organizes a unique international treaty. The meeting of 175 nations took placed as we can paris. The goal was to push the creation of a Binding Legal framework to curtail waste. One way to do it would be to limit a necessity to use of plastic. Okay. All you cause is a really a need for micro and 90 plastics and so many hygiene and Beauty Products much improves and soaps, be liquified and delivered in a plastic containers because essentially, were just shipping water around the globe. The target for the agreement is a 90 percent reduction in waste by 2040 as revolt Major International treaties. A key problem will be ensuring that all countries stick to it. And as we mentioned earlier, those talks in paris are part of continued efforts aimed at eventually finding a global plastic tracy. Earlier i spoke to cookie and health was co director of the Global Plastic Action Partnership out the World Economic forum. I asked him how it global tracy on Plastic Waste would even be enforced. I think it will have the opportunity cost eaters to find out what are really the mechanisms that mandate and make a binding certain aspects of testing, plastic pollution that all countries can agree need to happen. Whether thats on setting certain targets on a Recycled Content on the sending certain incentives for investment in infrastructure or new Business Models such as refilling reuse. I think there, there will have to be a discussion. What are those elements that need harmonized and legally binding standards versus what are elements that have to be up to each country and give them to flexibility to respond to the needs and, and very local specific circumstances that they face. And you know, uh, an indian visa with 18000 islands is in a very different situation then, then a switzerland for example. And, and you, you have to take those local realities into consideration when we do at the Global Plastic Action Partnership of the world. Economic form is precisely worked with countries and now 11 countries in latin america, africa, south asia, south asia, and south east asia, to help them develop the tools and insights that actually allow them to also implement and that the treaty and, and really argue pour in. And vicious, a text now to some of the other double business stories making news. A level suited prices fell to a 2 year low in may. Thats according salacious figures. Im a u. N. And agriculture organization. Yours own country books, the trends, so with food inpatient, theyre remaining stubbornly high in the rest of the world for the price of some developed 22 percent from the peak reached in march last year. The International Monetary fund tests for lanka must enforce painful reforms as part of its continued recovery. That comes with economy collapse not to severe food fuel on medicine. The shortages of triggered months of protest last year. Japanese authorities have order to open a i, thats the firm behind chop t p t to ask users for permission before collecting Sensitive Data as part of its Machine Learning process. The countries Data Protection agency also says that reserves the right to take further ox. Hong kong has introduced new rules that will allow Retail Investors to trade crypto currencies. Booking the Global Trends of tightening regulation after last years market cost. The new rules will enable old license Crypto Exchanges to take on Retail Investors from you know, in the United States. The labor sector has remained remarkably resilience. Thats a mid high inflation. Rising Interest Rates and concerns over the health of the countries banks, unemployment just over 3 percent is at a more than 50 year low. In many sectors, businesses are even struggling to find stuff of this small coffee, bon berkeley, San Francisco is desperate for stuff. Just like about us businesses right now. Finding work as has become a major issue. Its been a challenge for us in Small Businesses, especially within the Retail Sector as the hourly workforce and finding people to work and the full has strong. While Small Businesses often dont pay as well as bigger ones. Workers like michela slot, make focus more and yet most view as well which service keeps policy . I have all those like big corporate things. And i think just even working here for 2 weeks, i find it way better with the management and with how i run, can you get one other can seem like they care more about what theyre producing versus like so much. I think thats just way better. Many workers in food service lift the industry during the coven, 19 pen demik, leaving a get that seems hot to feel for sure, a lot of casual, tiring thats going on, particularly in some sectors like leisure, hospitality, other services which are Close Contact Services that we didnt do a lot of, during the 1st of the pandemic, businesses has had to come up with ways to attract workers and keep them offering more benefits and improving work environments. And finally, Air New Zealand is hoping to improve Flight Safety by asking passengers to hop on a scale for the month of june. It will ask for volunteers to wave themselves while checking in for flight, leaving all kinds international airports. The Airlines Says the information will be used to calculate average of passenger weights. I useful space a point for pilots, one working at the waste balance of an aircraft. Its a short travelers. Their weight will not be visible to other passengers for chris um that pops up. I show. Thank you so much for watching for more you can always check at the w dot com slash business were on the dw needs Youtube Channel as well. Do find us there from me on the entire Business Team here in berlin is by take care the g. Everybody wants it. Everyone needs it. Just to make it sustainable, please. Changing to Renewable Energy sources is feasible. So why isnt it happening . Tomorrow to d. W. To to be online. Thank again the known alicia is italys oldest influencer. She shows how you can be a social media success even as a great grandmother. Take a look. 16, the board or sports, all of our scoring we say they were about never giving up sports flies every weekend on d w. The, we have all the technology we need for the energy revolution. Moving away from fossil fuels is possible because use a lot food at pods electricity grids such as those in india are outdated and what risks do we face if new