tv Business Briefing BBC News November 7, 2019 5:30am-5:46am GMT
this is the business briefing. i'm sally bundock. betting the farm. can the world find a sustainable way to feed itself? we look at the multi—billion dollar rise of plant—based meat. plus — caffeine buzz — how gourmet coffee is perking up the economy in remote parts of indonesia and on the markets: but the possum a beer agreement to defend the trade talks between us and china, it might be pushed into next month.
we start with food and the impact our diet has on the planet. a regular report by the un's food and agriculture organisation is expected to confirm demand for animal—based food — meat and dairy products — is continuing to grow. the livestock industry has grown around five fold since the 1960s. and that growth can't continue. food production and consumption is already over a quarter of our carbon footprint. in three decades the world's population will be approaching 10 billion — sending demand for food soaring. researchers say changing our diet is the biggest single thing we can do to combat climate change. switching to a plant—based diet would cut land use by over three quarters — and halve the greenhouse gases produced by food production.
so plant—based alternatives to meat are set to become huge business, a $140 billion industry within a decade, according to one estimate. the boss and founder of one of the start—ups in the industry — beyond meat — spoke to the bbc earlier this year when the company sold shares on the nasdaq exchange. icame i came out of a clean taxpayers, working in the industry of high—powered fuel cells and spent a lot of money in that category, the global issue of our climate, livestock contributes to climate, the consumption of certain proteins at high levels contributed different diseases, this is serious issue, let's get under it, let's bring the best scientists, the best engineers, the best managers, the right team, day after day work towards this goal. caterina ruggeri laderchi is from systemiq - which advises on and invests in the sustainable use of land and energy. she is a former senior
economist at the world bank. welcome to the briefing. we are being urged, ifeel on a weekly basis by all sorts of organisations whether by the united nations, yesterday we had a —— thousands of scientists across the globe saying when you change your diet. to help with this problem of climate change was of the question is, how will this is a division shift this area. now perspective, sustainable agriculture, to what extent is are becoming a movement across the world 7 becoming a movement across the world? well because they are in a situational crisis, the system we have, the agricultural we have now, is filling the planet, filling the people, they don't have access to proper nutrition because they're malnourished of because they are obvious. serenity change. we do have options for change, we can stop supporting this culture and sever
example whenever governments today are spending something like $700 billion in supporting this culture, can they do if they changed this to salea ble can they do if they changed this to saleable culture model, to employment opportunities. with that — back possible, with sink history doing it, we saw costa rica turning around the late 90s, subsidies and livestock and directing funds to production of stores, it's a cooperative come back and is enjoying tremendous economic opportunities which are linked to a sustainable tourism. so when it comes to what it would see significant change, is it about government policy? government businesses have posed really —— are both really important role to play. they can provide the investments which are needed for shifting the way to produce. they can do things directly operate distract the hospitals and schools, but
businesses have huge advisability in this area too. this is both in terms of what they can encourage and in this country we know that while the government spends $5 million, £5 million to encourage healthy diets, businesses are bending under 50 million dollars advertising a healthy food. there is a clear role for businesses to seize opportunities. in this role that we put out, the report that food — track we identify a bit subdued ever, sustainability, it's notjust about multicultural, it's about using new technologies. as you say a lot of it is taking differently and alternatively, about how easy alternatively, about how easy alternative resources, diversifying farming away from things like wheat and rice, meat, and think about
things like the ocean, seaweed, alternative ideas. what procedures to ensure that people have access to sensible amount of food. good quality food and they have access to a variety of protein sources. the system we have now is incredibly concentrated, 60% of the food is based on four crops which is wheat, corn, rice, and potatoes. there is a variety of food over, a variety of options we could use. it's fatness - track it's fascinating. thank you for coming in. let us stay with food and agriculture. because indonesia produced more than 600,000 tonnes of coffee beans last year — that's enough to make 60 billion espressos. 90% of indonesia's coffee is grown by small farmers. but rising interest in ‘gourmet‘ coffee abroad and at home — and changing technology — is bringing economic benefits to remote parts of the country. lucy martin reports from sumatra.
international most sought after coffee beans can only be found here deepin coffee beans can only be found here deep in the remote mountains of sumatra. in the past, farmers like this sold one kilogram of them forjust $3.50. but these beans are selling for six times the price. translation: farmers can sell their products to buyers who come directly or they can sell online. this is very helpful because they can sell at a higher price compared with the past, when access to more buyers was limited. sometimes the middlemen would cheat the farmers. the coffee trade from this remote area has also benefited those outside the farming community. translation: it's extraordinary. some local students here sent roasted coffee beans to jakarta, and other cities to fund their living expenses and tuition fees. coffee consumption in indonesia has nearly doubled in the past ten years. in this town, the unique taste has won over the local population, and lead to more cafe is popping up.
translation: in the past, coffee like this was only for export. after our generation gained more knowledge, we found that this coffee is healthier and tastier, so that's why it's now top coffee. the arabica appears to be the new crew in town, and could pave the way for coffee tourism. global buyers are also visiting the area to secure supply deals. let's go to our asia business hub where rico hizon is following the story. in asia business hub, has a business
doing? the maker is posting better than expected process, that's due to global growth and depends, the automakers as its profits are in the first of there, they edged up to 0.6% compared to the previous year, sales in north america which is toyota ‘s biggest market, they rose 56% is accompanied with —— produce more trucks and suvs. the decrees some of the discount they have been giving which has been helping the bottom line. as for sales in asia include china, they come 3.4% and has been expanding its sales in china which is the world ‘s biggest auto market where demand has been really strong recently for some of its sedans and some of its new models, there is some concern that go—ahead, there trade tension with the united states, and the administration had threatened to
post tariffs on these cars service ofa post tariffs on these cars service of a see what happens next quarter, --. that's talking through some of the business stories. —— let's talk you through the business stories. two former employees of twitter have been charged in the us with spying for saudi arabia. european financial markets could be cutting the funding to encourage diversity, according to industry bodies, exchanges are open for more than eight hours a day around six in asia and the us with trends making a few hours before the open and after the close, training backing behind other areas of finance. airbnb says it will verify every single property on its platform after a news website found a series of scams. in october, vice news uncovered a pattern of false or misleading property listings posted on the rentals site. airbnb said it would review every property by december 2020, and also promised to refund
customers if they were misled by inaccurate listings. that is your business briefing. a man's been arrested after 50 people have found in the back of a lower, people say they have been found in them involved. 1000 has taken to hospital, others are in hospital. this injust a taken to hospital, others are in hospital. this in just a few hundred yards of them for between bristol
into an economy can simply searching a lower they pulled onto the grass here, this busy junction a lower they pulled onto the grass here, this busyjunction closed to traffic for several hours. openness isasl traffic for several hours. openness is a sl police now balances scrambling to the scene, police said they were following it above onshore, although activated side. they responded to a call from the member public with a stop the lorry, they found 15 people on the back, love him to think over the age of 16 may say a man in his 50s is now being questioned this vision of assisting illegal entry to the uk. their discovery comes up — make two weeks after that enough people found dead in the lorry containing as it is. it's not clear where it came from or its intended destination. the search was over by me don't and the lorry driven away by officers followed by a police combo. please say f1 inside was given a medical check at the scene, one person taking does little, the rest they say, taking into custody.
a new streaming service is launching today, backed by the bbc and itv. britbox promises the best of british comedy, drama and documentaries, as well as new programmes. itv‘s reemah sakaan explained how she thought britbox would stand out against the likes of netflix, amazon and apple tv plus: for that story and more, breakfast is coming up at six o'clock with naga munchetty and charlie stayt. they'll have all the day's news, business and sport. this is the briefing from bbc news. the latest headlines. us prosecutors have charged two former twitter employees with spying for saudi arabia... it's claimed they targeted critics of the saudi government and royal family. doctors in chile say nearly 200 people have been treated for severe
eye injuries caused by police action against protesters. us congressional democrats have announced they'll begin public hearings on impeaching president trump next wednesday. now it's time to look at the stories that are making the headlines in the media across the world(gfx we begin with the guardian who lead with the resignation of labour deputy leader tom watson. the paper says new questions will be asked about direction the direction of the party as one of its leading critics walks away. meanwhile the independent looks at the use of social media during the run up to the uk general election and wonders whether votes could be swayed by the use of deepfake material in campaigns. the los angeles times focusses on the rise of plant based food companies as impossible foods works on creating a new plant—based pork. the company has set its sights on china, the crown jewel
of the $2.7 trillion global meat market. in the times, as the flu season approaches there's good news for uk employers as the sickie appears to be on its way out among british workers. latest figures show that absence rates have more than halved in the past two decades. and finally, on the bbc news website, a pilot on a plane has accidentally set off a hijack alarm and sparked a major security alert at schiphol airport in the dutch city of amsterdam. part of the airport — one of europe's busiest — was then closed off as police responded to the reported threat. so let's begin. with me is alpesh patel who's ceo of praefinium partners. wright the guardian and nearly all the newspapers have tom watson on the newspapers have tom watson on the front page this morning as he