play. that people. want facebook and twitter. to date and in touch. and this is you speaking welcome to the show with the yeah ya concerts with the asterisk it.

will come tonight. every week w. a global trade emergency and the biggest crisis in the history of the world trade organization. arbitration system collapses in. pressure goes out its top court also coming up the swine flu epidemic is hitting consumers in china prices for pork have doubled pushing overall inflation to the highest level in years and this year's nobel prize winner is now have their medals to take you inside the factory where they're for. kris kobach into the program as if global

trade wasn't under enough pressure it's now losing its ultimate empire the world trade organization will no longer be able to deliver a final trade dispute rulings starting on wednesday the body's chief says this after member states failed to on block a dispute over the way that cases have been handled successive u.s. administrations have blocked the appointment of new judges to the w t o's now effectively crippled apple of course critics fear world trade is now facing the law of the jungle the world trade organization is facing its biggest crisis since it was founded a quarter century ago director general roberto as of a 2 had hoped to resolve the impasse but instead the organization can no longer deliver rulings on trade disputes because washington has blocked the appointment of new judges to its appellate panel the panel is made up of 7 judges for whose terms

have expired have not been replaced because the united states has blocked the naming of their replacements 2 of the remaining 3 are due to leave on wednesday with only one member remaining the court will no longer be able to issue rulings as a result there will no longer be an independent body to intervene in trade conflicts the stronger side will probably prevail. roberto azevedo wants to turn the crisis into an opportunity. on tuesday he insists that the w t o had to be reformed without this sense of crisis there would probably be an accommodation and members would not be so very inclined to change things and to change the system make the system more responsive to the changes that we see out there now one example is the treatment of

china which is given preferential status as a developing country many analysts not just the us say that's wrong. the dealings between the w t o and china sometimes still affected by routes that came into place a while ago when china was a smaller country the u.s. basically warns china to play by different routes now international trade has to cope with even more uncertainty instead of the w.t. playing the role of empire washington will be able to get its way. the united states mexico and canada signed a deal tuesday finalizing the new trade agreement after more than 2 years of arduous negotiations paving the way to ratification the u.s. embassy agreement replaces the clinton era nafta deal which president trump did when he took office blaming it for the loss of millions of us jobs agreement was

close a year ago but democrats controlling the u.s. house of representatives insisted on major changes to labor and environmental enforcement before ratifying the deal. let's cross over to his corner now our man on wall street yes is corporate america relieved that this deal is signed now. it clearly it is better to have a deal or an agreement then having no agreement because that does cause some uncertainty and is difficult for companies to make investment decisions especially for the real and also the agricultural sector but if we look at u s m c a so the us mexico canada trade agreement the question is there really is so much changes from the original. well the u.s. m.c.a. has a different name and u.s. president donald trump can claim victory because he called enough the worst trade

agreement in american history so there is a bit of a relief even if they had not did not really show in the stock market here on tuesday and yes while the u.s. mexico and canada are trying to improve their trade relations the u.s. storing the world trade organization into disarray well but there has been a lot of criticism in regards to the world trade organization not just under president donald trump but also under the obama administration what the united states is basically looking for is not treating china especially in a different way but the same way as the united states and also a lot of a european countries are getting treated china does not have to follow the same rules even as it is the 2nd biggest economy in the world so

obviously change is important but as i said we already had other presidents who did not replace the judges necessary saw the whole thing may be escalated under u.s. president donald trump but it clearly did not start with this administration has scored in new york thank you. the cost of living is rising in china as the national bureau of statistics clocks inflation climbing at the fastest rate in years one of the key reasons is the country's outbreak of african swine fever the country's pig herding has been haft by the epidemic higher prices for pork in china are driving up the costs of other food as well as consumers search for other sources of protein the price of pork has jumped by 110 percent compared to a year ago increasing the overall cost of food by nearly 20 percent this means

china's already high inflation rate of 3.8 percent in october shot up to 4.5 percent in november compared to the year before that's more than analysts were expecting and the highest jump in chinese consumer price index in almost 8 years. china now says it will begin releasing frozen pork from its state reserves this week to boost flagging stocks as people prepare for lunar new year holidays next month. and now to some of the of the global business stories making the news a ruling in favor of u.s. oil giant exxon mobil a u.s. judge said there was no evidence investors were misled about the true cost of addressing climate change the company was accused of causing investors a total of $1600000000.00 losses by using inappropriate accounting of. saudi arabia's central bank governor says the country is ready for any liquidity

squeeze after saudi aramco stock begins trading on wednesday local banks are being monitored after heavy demand for loans to buy the stock around coles listing on the riyadh stock exchange is the world's largest on record at over $25.00 and a half $1000000000.00 budget airline ryanair is the c.e.o. michael o'leary has described the e.u.'s single european sky initiative as a lamentable joke the single european skies seeks to reform europe's air traffic management system to minimize environmental damage the commodore leary argued vehemently against the take zation traffic claiming it represents only 2 percent of c o 2 emissions. the 10th of december is the anniversary of alfred nobel's death the day when each year's nobel prize winners are art it happens at a lavish event in stockholm with lecturers 5 food and

a presentation by the king of sweden the winners receive money a diploma lifelong recognition of course and a medal one made in sweden. the 2019 nobel prize medals this year there are 14 of them because there's more than one when each award . each medal is engraved with its whenas name it's the highlight of nicholas to see a. yes i am i am the only one who was doing this job. and there why i think it's it's because of. that i have been doing it for 7 years and i know exactly how how to do it it all begins with a thick 18 karat gold plate which financial firm has to cut so that it can go through the punch press. the punch goes through the metal as if it were

chocolates. the gold coin alone even without the engraving is worth more than most swedes and in a month. i don't know exactly what it cost. in swedish crowns i think it's around 70007000 euros. and the coins value increases once the head of the prize is found alfred nobel is imprinted on it then packs it in a fine jewelry box that will be ceremoniously handed over by the swedish king is the most famous metal in the world. and finally wal-mart's canadian branch has gotten into a bit of a festive bother the company has apologized for allowing a number of risque christmas sweaters to be sold. garments were marketed as

quote ugly christmas fashion and feature santa claus appearing to engage in. various sexually suggestive poses wal-mart says the items were from a 3rd party and have been removed from the website. all those fat arse would have been quite the statement of the family christmas dinner that's our show thanks for watching i'm chris.

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discover new adventures in the 360 degree. and explore fascinating world heritage sites. t.w. world heritage 360 get the maps no. i was here when i arrived here i slept with 6 people in a room. it was hard i was free. i even got white hair. learning that language didn't know about this gets me and they go but you need to interrupt it's like you want to know their story muslims are fighting and reliable information for migrants. you know that 77 percent obama are younger than 60 pot. cuts me and me and you. and you know what

it's time no voice is part. of the 77 percent to talk about big issues. this is where you cut. the 77 percent this weekend on g.w. . this is news africa coming up on the program and offer comedy that is recognized if you're just prime minister obviously mad collects the nobel peace prize for resolving the long running conflict with neighboring every tree also coming out. the life changing experiences of optimist benefit things from peace between israel and every trade.