:00:00. > :00:00.disobedience. These are the latest headlines. It is time for the
:00:00. > :00:00.financial news with Sally Bundock who was here with World Business
:00:00. > :00:21.Report. How Indian farmers use technology to
:00:22. > :00:27.battle the effects of climate change. And a closing the
:00:28. > :00:34.loopholes, G 20 finance ministers say they have seen progress in
:00:35. > :00:37.making it difficult for multinationals to avoid paying
:00:38. > :00:43.taxes. Welcome to World Business Report, I am Sally Bundock. We will
:00:44. > :00:51.also discuss the fallout from the Scottish referendum. Firstly, today
:00:52. > :00:57.marks the start of New York by midweek and the UN climate summit.
:00:58. > :01:01.Leaders of meet to discuss economic revival solutions to the ever
:01:02. > :01:05.mounting problem of climate change. This is the first of our week`long
:01:06. > :01:12.series. Today we look at how agriculture is rising to that
:01:13. > :01:22.challenge. Today we go to the northern Indian state of Haryana.
:01:23. > :01:26.It is the end of the monsoon in India but it has not been a good
:01:27. > :01:33.year. During the sewing and planting when water was needed, rain was
:01:34. > :01:40.largely absent. Now it is nearly harvest time and it has been raining
:01:41. > :01:47.heavily. But for this farmer all is not lost. He has been turning to
:01:48. > :01:52.technology for help. This is one of the gadgets he uses to measure the
:01:53. > :01:54.help of his crops. TRANSLATION: Using technology has
:01:55. > :02:01.helped plan according to the forecast.
:02:02. > :02:04.While profits have not gone up dramatically, technology is helping
:02:05. > :02:12.me reduce my losses. You can see the impact of climate change in this
:02:13. > :02:16.region. Once known as the grain basket of India, farmers here are
:02:17. > :02:23.worried about the lack of fertility in the soil and the water levels are
:02:24. > :02:27.dipping. Experts warned that climate change may mean the yield goes down.
:02:28. > :02:35.One way to combat this is to reintroduce traditional cops such as
:02:36. > :02:38.maize, which was once a staple here. This is one of the dozens of
:02:39. > :02:44.villages that are ducting in this state. People have been helped to
:02:45. > :02:48.move to so`called "climate smart" technology by a research group
:02:49. > :03:01.trying to mitigate the impact of changing weather patterns. We need
:03:02. > :03:05.to do a lot. Agriculture needs to be managed better. A track to local
:03:06. > :03:11.government is slowly changing agricultural policy to recognise the
:03:12. > :03:17.effects of changing climate. Not all farm at have yet switched to new
:03:18. > :03:27.techniques, seeing neighbours who succeed when they do so is bound to
:03:28. > :03:29.be a strong incentive. The fate of Air France is at stake
:03:30. > :03:38.in a dispute tween the airline it is pilots, according to the
:03:39. > :03:42.French transport Minister. There are protests against the development of
:03:43. > :03:48.the budget carrier Transavia where pilots are paid less. The pilot's
:03:49. > :03:56.strike will enter its second week today. General Motors has recalled
:03:57. > :04:00.more than 220,000 cars to correct a brake defect that could increase the
:04:01. > :04:01.risk of fire. GM says it is not aware of any deaths or injuries from
:04:02. > :04:10.the defect. The recall Cadillac models from 2013 and 14,
:04:11. > :04:19.and recent versions of the Chevrolet impala. Most of the owners are in
:04:20. > :04:23.the US and Canada. Finance ministers from the world's 20 largest
:04:24. > :04:26.economies have left a meeting in a failure knowing they have nearly
:04:27. > :04:32.achieved their target for boosting global economic growth and jobs.
:04:33. > :04:38.Rico Hizon in Singapore with more details. Are they leaving feeling
:04:39. > :04:45.wary warm inside or is a lot ought to do? There is a lot more to do
:04:46. > :04:50.particularly on tax reform. The risks are still there. Loopholes
:04:51. > :04:58.still allow multinational companies to avoid tax. The Treasurer in
:04:59. > :05:07.Estrada says they have agreed to far`reaching initiatives. ``
:05:08. > :05:14.Estrada. `` Australia. Earlier I spoke to Sean King from an advisory
:05:15. > :05:23.company. Would these reforms be successful, I asked him. No. It
:05:24. > :05:28.would not change tax policy. One? That is up to individual countries
:05:29. > :05:33.and legislatures. The G 20 is a super national body that has no
:05:34. > :05:39.powers. But by the end of 28 in the member states would share tax
:05:40. > :05:43.information so people know who is making how much aware, so while they
:05:44. > :05:46.cannot stop countries for making tax evasion, most of which is illegal,
:05:47. > :05:53.they can at least publicly shame some of them into paying money where
:05:54. > :05:57.they make the money. G 20 financial ministers have called on all
:05:58. > :06:02.financial hubs to make the commitment by the time of the next
:06:03. > :06:11.meeting of. And they are asking to be supported to help in this new tax
:06:12. > :06:13.standard. Thank you Rico. It is now the Monday morning after the
:06:14. > :06:20.Scottish referendum on independence on Friday. Financial markets, global
:06:21. > :06:26.investors have had the weekend today just how the vote went. The reaction
:06:27. > :06:33.on Friday was as expected with the FTSE 100 higher and the pound
:06:34. > :06:41.sterling regaining count lost against the dollar. That the ground.
:06:42. > :06:45.What are now? There is a lot of work to do for the UK's politicians. And
:06:46. > :06:51.of course there is a general election next year. I am joined by a
:06:52. > :06:55.senior economist from Westpac institutional bank. So much
:06:56. > :07:03.discussion about this over the weekend. Also outside of the UK,
:07:04. > :07:08.many countries were watching this. There is still a lot to do, an awful
:07:09. > :07:16.lot to do? And there is. There are still an element of uncertainty.
:07:17. > :07:28.There is this commitment that most of the political parties have made
:07:29. > :07:34.about further devolution. Business is looking to invest in the UK may
:07:35. > :07:38.still be questioning is there further devolution? Maybe not in
:07:39. > :07:47.relation to Scotland but perhaps Wales? Britain is not as quiet as
:07:48. > :07:53.politically secure as it was in the past, that is the ongoing sense. So
:07:54. > :08:02.for businesses and corporations, the big spectre of a yes vote, that has
:08:03. > :08:07.been removed from the equation, but there is to a lot of uncertainty. On
:08:08. > :08:12.Friday we had the FTSE 100 going up and the pound gained ground. But
:08:13. > :08:15.also the Spanish market also saw a strong reaction because with this
:08:16. > :08:22.result in Scotland it is thought other areas, for example Catalonia
:08:23. > :08:32.in Spain, that might try and do the same thing may put it off. For a no
:08:33. > :08:35.vote, people are worried about the uncertainties. That is what it
:08:36. > :08:41.suggests. People working for the unknown. We had not much
:08:42. > :08:46.established, for example how mortgage prices would change. If
:08:47. > :08:56.that had been established people may have voted different it. ``
:08:57. > :09:01.differently. It is a difficult way to run this whole situation. What
:09:02. > :09:07.about the UK economy prior to the referendum? A lot of attention on
:09:08. > :09:12.the Bank of England, mention of interest rates going up in the UK.
:09:13. > :09:16.There was indication of the UK economy being one of the strongest
:09:17. > :09:18.recovering in the world, do you think all this political wrangling
:09:19. > :09:23.between now and the general election next year could stall some of that
:09:24. > :09:27.growth and recovery? There is the potential impact. But not as much as
:09:28. > :09:35.we would have seen if there had been a yes vote. At the margin and lot of
:09:36. > :09:41.the data about retail sales and the inflation numbers, that is low. The
:09:42. > :09:48.case for rate rises is low anyway. Thank you for your time. We will
:09:49. > :10:05.talk more about that when we look at the papers. Stay with us. Increases
:10:06. > :10:12.in child benefit will be capped at 1% until 2017 if Labour win the next
:10:13. > :10:15.election. The policy will be announced today in a speech in
:10:16. > :10:20.Manchester. The savings will go towards cutting the deficit in a
:10:21. > :10:21.part of a complete