a lot of finger pointing at the world trade organization on monday and most of the fingers pointed at washington the united states faces sharp rebuke from some of its main trading partners europe even accusing the u.s. of endangering the whole world economy also on the program misleading investors and money laundering malaysian prosecutors take aim at u.s. investment giant goldman sachs lodging criminal charges and trying to reclaim billions of dollars in the massive one. scam and flying cars yes flying cars they are becoming a thing to combat gridlock in cities the idea is slowly gaining funding. to the program the european union says the united states is the epicenter of the

deep crisis multilateral trade is going through at the moment and e.u. officials made the comment at a gathering of the world trade organization in geneva on monday and other members there didn't sugarcoat their words either the u.s. claim china's quote unfair competitive practices were harming foreign companies beijing fired back slamming washington's tariffs. for months now china and the u.s. have traded tit for tat tariffs no surprise the latest rhetoric of the world trade organization was heated the u.s. to. share says china subsidizes its local manufacturers while discriminating against foreign ones called china's actions are incompatible with the open market based approach expressly envisioned and full by other members and contrary to the fundamental principles of this organization and its agreements and quote. meanwhile china. washington's tariffs on steel and aluminum enable protectionism under the

guise of national security. the e.u. isn't pulling punches either it blames the u.s. for the entire crisis in the global trading system brussels is calling on washington to make concrete proposals to reform the world trade regulator as the trump ministration questions and hinders the dispute resolution system. they use saying that the u.s. is the epicenter of the global trade crisis now earlier i asked our correspondent my ass waiter what their opinion in washington was on that. well this is very typical trump style we see it in his political dealings as well as in his business dealings he likes to come into an established system and blow it out cause an earthquake so to speak which is exactly what we see him doing here and a lot of the current dispute seems to revolve around as we heard at the end there

what's called the appellate body which is the highest court within the w t o and in order to appoint judges to the appellate body every country must be in agreement as to who gets to sit on it and the u.s. has been basically blocking all appointments in an attempt to force all trade organization were form and this is then the latest explosion shall we say at the. within the the u.s. being the focal point here now the big problem here is that the world's biggest two economies the u.s. and china are at loggerheads although it looks like some of the ice might be beginning to melt to give us the latest here. indeed so we saw china recently halt a set of tariffs that was going to be put on cars imported from the u.s. in what looks like was going to be a gesture of reconciliation of ice melting as you put it. what looks like

there was going to be a thawing the relations that have been escalating and going back and forth so much but now we're seeing this one thing to put it lightly at the world trade organization with the u.s. and the chinese ambassador's going back and forth over who is to blame for the current practices being the way they are and china even going so far as to accuse the u.s. protection of the unilateralism so what may have been a step forward in may indeed look to be a step back now my short on washington thank you the corruption scandal surrounding the state found one n.d.b. content just to intensify malaysia said on monday it has filed criminal charges against us investment bank goldman sachs and to former employees goldman sachs has been under scrutiny for its role in helping raise six and i have billion dollars in three bond offerings for malaysia one development one malaysia development for

heart and giving kickbacks to malaysian officials in total almost half of the money you sent to have been in basil's from the fund. let's get the latest now with those so if you meant because then by wall street so if you hold of goldman sachs respond to these criminal charges being filed on monday. it all sounds like a story straight from the movie wolf of wall street this is the largest case of cryptography of us has seen ever possibly more than paul point five billion dollars was stolen and a flamboyant malazan an m.p. a blogger apartment and a yacht in private sansa one that goldman sachs is suspected to have been known about that and still having help raising that kind of money but the bank that that it's going to fight back they're saying they have been the victim off the steps of malaysian officials certain members of the former malaysian government and want to be had to lie to goldman sachs about the use of proceeds from these transactions

the investment banks that in the statement the funds have provided reports to goldman sachs that know it's a media area had been involved in transactions so now chris they're going to quote vigorously defend themselves. so if you months in new york giving us the latest on goldman sachs and it's trouble so if you think it's so much. you negotiate hers have struck a deal to reduce carbon dioxide emissions from new cars by thirty seven and a half percent by twenty thirty compared to levels in twenty twenty one the agreement comes after tense negotiations between the european parliament and member states the u. has been divided for months on how strict to be on emissions the target will apply to carmakers fleets as a whole part of the box efforts to limit global warming. now

china's heavy infrastructure investment in other countries has raised some eyebrows particularly in the west locals however often welcome the projects but china isn't the only country involved in this sort of investment in fact some say it's even playing a game of monopoly with india in the pol china is building two airports in the country as well as highways roads power plants and cement factory india has also started investing building hydro power plants and now a rail link. some residents of the nepalese city of john a poor come here every day to check on the progress of the trainline construction project the new railway station is starting to take shape and they're looking forward to the new travel possibilities. you know out of that it will. it cost a lot to travel on the bus. so once the train service starts it will be much cheaper and more accessible for everyone. and it did not given us with the

realities of the newly forged rails cover a distance of thirty four kilometers and connect john a poor in southeastern a par with jayanagar in the indian state of bihar it's hoped the project will increase business and pilgrimages for years nepalese politicians have been promising to add new train lines across the mountainous country both india and china have been competing to build them. connecting. by trains india has. overtaken john. obviously because they have already moved down the tracks and the whole river system is going to function good within a couple of months. that. the chinese plan is still in a run which you know you just fill in the map on the paper whether india or china end up winning more influence in

a pod ordinary people are hoping they'll benefit from the investment self driving cars may revolutionize the way we get around but cities are now increasingly looking up into the air to solve their traffic problems believe it or not flying cars are really becoming a thing they could soon help relieve congestion sooner than you think take japan for example the country's government just announced it is allocating forty million dollars and next year's budget to support sly in car technology. it's a vision of the future like something from a site by movie flying cars and the japanese government is keen on them it's looking into their practical use because flying cars could revolutionize urban mobility. well won't make the city different than. a lot of if the main things that is needed for. joining one.

program but the whole wildlife over. the other companies get together to make new rules or new. whole. business and franco while there are trials in other countries to test the technology chinese start up flying car is being tested in the u.a.e. much like that of germany. still the technology is in its infancy. right guy was there i think flying cars can be achieved but for safety concerns i think we should develop the technology along with the regulations so as to avoid accidents. accidental with this i must say it's still early days for flying taxis but it looks like the competition is heating up in the air. and i.

think i'll stick to my very non flying bike for now that wraps up our program if you want more check out our social media feeds on facebook or on twitter for now thanks for watching i'm. here back here tomorrow.

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