the idea is they're right to call you a scum he said if you ever slip into. this country. this is what we don't understand how we are in such a country. the rest of the month at the same time. it was a monumental. similar. if the minutes of not that got. to the phone about the food with the plane. would come back to the place story you have to see. the best. you.

get. this is being bought broadcasting around the world covering the big world of business and finance and the important impact upon all of us i'm part children watching. thank you so much for being on board we are sure glad you're with us and

we've got a lot of guests today coming up off trade tensions continue between the united states and china as a chinese court orders this to say shut up apple i phone sales in the country will bring you up to speed on the billion dollar breakdown with alex mahela bitch and there's climate change news out of whole and as more than two hundred nations meet molly pharaoh's joins us for that coverage plus british prime minister theresa may has postponed a vote on the u.k. parliament on her deal we'll get reaction from london coming up with the latest news plus later in the e.u. those yellow vests protests continue in france as pressure president prone addresses the nation will go to paris for an update and ask about that new news as a european union efforts to continue trading with iran despite u.s. sanctions on iran all that directly ahead but first your ready lets go.

news does lead our global report today as prime minister theresa may postpone the vote on in parliament on her breasts that deal and the european court of justice opens the door to canceling brock's it earlier today ms may announce she was pulling back from the break in the face of certain defeat in the house of parliament for the draft agreement negotiated by ms maes government and the european union listen to this from listening to those views it is clear that while there is broad support for many of the key aspects of the. on one issue on one issues and all the back story that remains widespread and concerned as a result if we went ahead and tell it to the folks tomorrow the deal would be if it rises. we will therefore defer that they will for tomorrow. and her earlier today the european court of justice seemed to change the game by ruling that the u.k. having. inform brussels of their intent to leave the e.u.

pursuant to the brecker rest of random result is quote free to revoke unilaterally that notification we'll have more on this later in the program. meanwhile the troubled ministrations vendetta against iran has irritated and alienated allies across the atlantic now the european union's foreign minister fredricka bogle our bogo really says that the e.u. will proceed with the creation of an extraordinary financial tool a so-called special purpose vehicle which will effectively allow european companies to continue doing business with iran and evade u.s. sanctions told reporters quote i would expect the instrument to be established in the coming week so before the end of the year the united states committed to lifting economic sanctions against iran under the twenty fifteen p five plus one international nuclear agreement but may of this year the troubled ministration abandon their obligations under the agreement and re impose sanctions imperiling

businesses from an array of allies and adversaries which include parties to the twenty fifteen nuclear agreement the us and bet against iran is also notably a factor in the arrest of while y c f o man one zoo who u.s. authorities accuse of tricking u.s. companies into violating the sanctions will have more on e.u. trade coming up just a little bit later and that broadcast from paris and turning directly to u.s. china trade sanctions both sides seem eager to separate the arrest of a c.f.o. of wall way of china's biggest tech company from the ongoing talks over terms of trade over the weekend u.s. trade representative robert light eyes were told the sunday talk show of the arrest quote totally separate from anything i work on the reputed hard liner on china policy also made clear the deadline for the ninety days of u.s. trade talks is march first and that he and president trump consider it a hard line many experts doubt whether the two sides can reach agreement in the ninety days on the issues that have lingered for many years let's hope they are

incorrect. and in related news china is banning imports and sales of nearly all apple i phone models with the latest we're joined by our t's alex my hell of a chin toronto hey alex what can you tell us about this i phone ban. the chinese courts upheld a injunction by qualcomm basically requested that china go against people simply because out a while later two patents that were there now everything from the whole of the i phone six ass to the i phone is going to event for sale and distribution in china now according to qualcomm it really deals with technologies about resizing photographs which all i phones have as well as managing applications on the touchscreen itself so called was also called com was also asked regulators in the u.s. to go along with this and basically ban i phones from being sold until these patents

discrepancies are taken care of so right now you know you're thinking china how many i phones get sold in china if you're looking at q three about eleven billion dollars worth of i phones that's a lot of i phones being sold it's a big market for the biggest market in the world so apple i'm sure is not very happy about this and as it stands right now this lawsuit at least in china i mean this happened let's let's get one thing straight this happened actually before all this hoopla with the way and they're there to see c.f.o. being arrested in canada so this has been an ongoing lawsuit that this decision was made prior to all of this happening right now so for china i mean obviously this is something that they were looking into prior to all these new problems popping up and so it doesn't appear to be directly related to the while away thing because as you say the court made this decision earlier although it was announced today and their complicity in reports coming out of whether or not the sales of actually ben stopped even though the court has ruled that such so there may be some injunction

going forward but any news on whether or not the why c.f.o. will actually be. extradited to the us alex as it stands right now the hearing is supposedly happening right now so this is in vain cooper b.c. it's three hours before the time that we're talking here of the eastern coast so obviously the time shift a little bit is going down this is supposed to be happening she could be held indefinitely according to some sources until things are figured out but there are some other interesting things happening in vancouver there her house and her husband's house they've had it for about nine years got broken into on sunday and police are looking into that they're investigating but right now they don't have any suspects so a lot of things happening around those we know that this situation is affecting canada as well prime minister trudeau has said that you know he was aware of the situation going down but the political arm of our government has nothing to do with the justice arm so is really trying to separate himself from the whole whole issue

and we're hearing also from china that there might be some repercussions here for canada and they're looking into it seriously and they are not very happy the way the c.f.o. is being treated the incarceration except for a really interesting article respond alex mahela bitch thank you so much alex appreciate it thank you. and a large group of global investors is warning world leaders that ignoring climate change could create economic damage far worse get this far worse than the two thousand and eight financial crisis more than four hundred investment groups have signed a global investor statement to be given at the united nations conference on climate change in poland this week mali barrow's contributor whether americans lawyer joins us now to explain him alia what are their concerns and why did they express them. well they they all signed this agreement they wanted it to be handed out this week

at the united nations at their meeting in poland where they're going to discuss a variety of issues including climate change we're talking about four hundred fifteen investors that represent some thirty two million and managed assets and their primary concern is that governments are not responding quickly enough to the warnings that hey if we don't take action not only is the planet going to be hurt by climate change but so are global economies so they're saying things like this slow and zombie like approach by government is not allowing them to be able to properly distribute or advise their clients on how to invest for this low carbon transition economy because basically you're saying the global shift in clean energy anyway but these governments are dragging their feet and because they're doing so they're not only putting increased risk of the physical dangers of climate change they're also making it more difficult to be able to prepare financially and take steps that prepare societies and governments for the changes that are coming with climate change so they're very worried about apart and they want world leaders to

know well i mean you know business is in general mali have always been concerned about their bottom line so if they thought they're going to spend a lot of money and not make as much revenue you know they were a lot of them i think frankly had their head in the sun on climate change but now that these leaders as you're articulating really are saying it's going to negatively impact if they ignore climate change forget about losing the planet and everything which seems to be a pretty big deal so what are the risk if policymakers don't act. well there they're pretty significant so one of the big things that came out of the big climate report you know from the u.n. is that these governments are not reacting quickly enough and they need to be doing a lot more to make some big changes but they're worried that they want to slow go global warning to are warming rather to two degrees celsius and they say that you know over the next eighty years if that isn't accomplished in the temperature continues to rise consistently and stay at a consistently hot temperature then you're going to see some twenty three trillion

and global economic losses and these are from some of the top investors in the world and they're saying that's three to four times greater than the sustained economic damage that you saw sustained economic damage from this twenty three million twenty three million trillion rather in losses that's two to three are three to four times greater than the two thousand and eight financial crisis so that's a lot of numbers thrown at you but the bottom line is you're talking trillions in damage to the economy that is way worse than what we saw in two thousand and eight and they said and not only that but you're ignoring opportunities because they're transitioning to the low carbon economy as well as other products that support that that investors are missing out on opportunities to direct and allocate money that would actually increase perhaps some of their clients' portfolios we love the numbers the numbers matter thank you so much and i caught the big one that you said there twenty three trillion in economic losses that's huge really in yeah crazy you know over the next eighty years so what did they say one of the recommendations. so

their recommendations are basically what we've already been hearing about by golly meet the goals of the paris agreement boost private sector investment into low carbon transitions as well as improved climate related financial reporting that's basically going to help investors say hey here's a good place to invest your money here is not so it's a changing world not only do we have to worry about the safety of the planet the health of the planet we have to worry about the health of our people as well as our economies and i say in order to do that we have to have a plan and governments are simply dragging their feet so they're saying this is an urgent situation don't drag your feet anymore set some goals by two thousand and twenty let's have a manageable plan that people are moving forward to meet these goals of the paris agreement and as you know this comes on the heels of the u.n. saying that governments have to triple their efforts in order to meet those goals otherwise we could see some real serious problems both in the world as well as economically climate wise as well as economic you know molly i was watching a network that i don't always watch but i watch it to get all sides and they were still out there sort of the deniers talking about how climate change doesn't exist

and it's so frustrating because from an economic perspective even if there's a ten percent chance and the of course we know more than ninety percent of all scientists say it's going to happen but even if there's only ten percent you need to hedge your risk in markets and these folks on this other network or they were frustrated to turn it off eventually anyway thank you for this great in-depth report molly barrows pre-show your time ali. thanks part time now for a quick pause for the promotional calls but end here because when we return we'll get the very latest on rick's it from london plus we'll go to paris where those yellow best protesters continue and present ripon spoke to the nation emma last about that new news on european union efforts to continue trading with high risk despite u.s. sanctions on iran as we go to break here the numbers the closing bell will be back you know what.

seems wrong but i. just don't. get to see a pallet just to come out to. and in detroit because the trail. went so many find themselves worlds apart we choose to look for common ground.

i mean talk about predatory oh yeah they're out there. welcome back there's an important update to the right hailing sector story we told you about last week left with the first right hailing from to file for the inaugural sale of company's stock known as an i.p.o. an initial public offering however after lift filing rival quietly filed their own application for an i.p.o. that could actually occur before lefse while lift is playing their i.p.o. for march or april of next year or maybe move their i.p.o. up before then only saying it could occur during the first three months of the year it may give new meaning to what some in the united states call march madness. and

australia is making more news in the tech sector after last week's passage of a law requiring telecom companies to share encrypted messages with the government now the australian competition and consumer commission the nation's top and i trust and consumer protection agency authority is calling for creation of a new special entity to regulate the technology sectors biggest companies namely google and facebook. and continuing with our coverage of brecht's it for more we go to london where r t correspondent has been covering the story eisa thanks for being with us we sure appreciate it it seems like sort of a hot mess over there what are people saying. yes absolutely we were expecting choose the evening for this vote to be held in the house of commons in parliament to either approve or reject the deal the reason may have negotiated with

the european union we then find out this morning monday morning that actually to resign may decide to change the mind and to lay the holding of that vote until when we don't know and that's caused outrage all across the political spectrum really because it was likely that she was going to lose the vote a number of politicians within her own policy rejecting it especially the ones of the more hardline bragg's that position who felt that the deal with of left the u.k. to attach to european institutions and on the other hand as well those in the opposition for example the labor party saying that the prime minister has made a mess of these negotiations and that she should step aside and then take the helm and let them rule with a minority government and so also take over the negotiations and now it would appear the prime minister is going to go on the tour of europe to try to perhaps hope that they will help to go shake the deal to make it more palatable to those at home but it's unclear whether they're willing to negotiate in fact many european

leaders today say the deal isn't up for renegotiation so whether it's a reason may simply just kicking the can down the road and hoping to delay the inevitable remains to be seen so let me ask it is it seems that this package as it were that that's a lost cause that there is no you know getting the votes for what's out there now and the e.u. seems like a they may be pulling out of this deal all together so it's like they're going in two different directions i mean it's not like you know they were close to a deal and they're trying to work out a few little nitpicky things sounds like they're really up at opposite opposite sides here right. well with regards to the european union there are many commentators who feel like they actually perhaps got the better end of this deal because it would dissension i mean the united kingdom remaining tied to many of their institutions many of their regulations but without having to say that they

currently do by being a member of the european union so as far as the e.u. is concerned this deal was great but it's at home it's here in the u.k. where the prime minister was really facing the majority of political troubles there is of course the issue the main issue what to do with the boards on northern ireland because northern ireland and the republic they share a border that's the only land border that the u.k. shares with the european union the republic of course is a member of the e.u. so what should be done will there be a hard border will that see a return to the violence we saw during the troubles if there is not going to be a border how will goods how our goods products passing through the border how are they going to be checked at customs so all of these issues which were seemingly insolvable a bit of a catch twenty two on the one hand you might be at risk of falling back to civil war in ireland on the other hand what are you going to do have an open border so all of these issues were supposed to been sort of by this so-called backstop

agreement but if we go back to the general election last year the prime minister to resign made losing her majority she's in partnership with one of the main parties in northern ireland and they do not accept this agreement this backstop agreement so it's really messy there doesn't seem to be a way out in either way i mean there are some who say this makes us closer to a no deal outcome where the u.k. just crashes out on wall trade organization rules and goes to being a normal well outside party trading partner with the e.u. on the other hand there are those who say and especially those who want to remain in the e.u. that all of this is such a mess and that they should be a second referendum where the people have a choice to vote again. as they would hope to choose to remain in the e.u. altogether and put this brags that behind them a show we sure appreciate you staying up so late over there in london r.t. correspondent ali in london thank you.

and as we've reported yellow best movement protest of iraq france of this for the fourth weekend and president mccrone has finally responded to the crisis in a national address not long ago while police action seemed to fecht of and keeping many would be protesters away from paris's key streets and landmarks this time the pressure only increased for president mccrone who had previously been silent on the protests to address the growing crisis and after a postponement of a controversial fuel tax and utility re rate increase failed to pacify protesters in a national address not long ago as i say mr cohen acknowledged the depth of economic anger in france and said it was justified before announcing he will increase france's minimum wage by an amount totally one hundred euros per month starting in january president rickrolling still notably refused to reinstate a so-called wealth tax that was a limited at the time the fuel tax was imposed the controversial combination of

a tax cut for the rich with a tax hit that hit commuters and notably those in rural areas ignited smoldering anger which led to the yellow best protest for more we go to paris where our tea charlotte defense has been following the story charlie appreciate you staying up so late what more did the president have to say to the nation. well president michel was very humble in his tone as he addressed the french nation this evening but he also talked about france facing a social and economic crisis as a result of the social tension we've seen over the past few weeks which have turned into violent protests on the street particularly here in paris where you see millions of euros that's millions of dollars in damage to monuments and businesses are losing money revenue hotels bookings down because two are saying they want to stay away from paris but president gave some olive branches tonight to the

protesters you mentioned that the increase in the minimum wage which will see about one hundred thirteen dollars extra in their wage packets at the end of the month he also said that people who overtime pay shouldn't be taxed on that overtime and shouldn't also have to pay contributions for things like the health insurance here in france and he said that pensioners who were earning less than around two thousand three hundred dollars a month would also not have to make an increased social contribution that was due to take place next month so lots of things on offer hair will it be enough for this unit joins it's unclear so far it's interesting charlotte because he clearly the entire guard government including the prime minister you know they didn't act quick enough to stem the flow of these protests which seem to only gain momentum and we appreciate you covering it but let's go back just a little bit and look at this controversy and how it began because it really seemed like some of this ironically might be something that similar to what's going on in

the u.s. that there is this inequality gap that we talk about all the time on boom was between the higher and the have nots even though the fuel tax may have been the instigator but it's really a bigger economic disproportionate have and have nots isn't it. yes absolutely and that's what many of the yellow vest protesters have said yes this started about a new fuel tight a few hike that was due to take place in january that's obviously been scrapped that was announced by the government last week but let's just be clear in the last year some fuels have already seen increases in taxes of more than twenty percent here in france and the cost of living is also high and this is what many of the processes have said that this idea of an increase in fuel tax yet again would be the straw that broke the back of the camel's back and that's exactly what's taken place here in france i just want to give you an example i was in a french supermarket the other day just your ordinary run of the mill supermarket

and i had to pick up a single zucchini a single zucchini and that supermarket cost me almost a dollar thirty that gives you an insight into exactly how expensive some products are here in france and people are just saying they can't make ends meet at the end of the month this surviving or nothing or they surviving on credit and that is not a way that they want to continue living charlotte i would just go a little bit of time but let me ask you about the other big story the u.s. trying to facilitate non-dollar trade with iran using one of those special purpose vehicles what's the latest on that well we're hearing that this s.p.v. as it's known will be in place by the end of the year the idea is to help preserve some of those economic benefits for iran from the curves in its nuclear program as according to that deal back in two thousand and fifteen now there's been a delay on this taking place because many countries in the e.u. didn't want to host it they didn't want to ratchet up any tensions with the u.s.

of course the u.s. pulled out of that but we know now france and germany will look to host it and they hope it's in place by the end of the year charlie we can't thank you enough for spending time we love your report from paris we appreciate you staying up late for this one. thanks sure appreciate it. and that's it for this time thanks for being with us lots of do so little time we appreciate it take care. of the. media does a say. a few there on the cheap. and then to improve the country so let's ideas from the right to go to us companies he said to me give them everything to do to pass.

this country because this is what we don't understand how we are poor in such a country. to the ones at the same time. it was a monument to. the soon to run a similar symbol john a good one. of the us if you feel. the minutes of on board not that god can we believe again with the phone about the couple that with the plane. would come back to the place story you have to see. at least the best. move for. you to. join me every week on the alex salmond show and i'll be speaking to us of the world of politics sports business i'm show

business i'll see you then. prosecution. please show. where you question the threat of fines. by the number one place you do i mean. political pressure on that i needed to know through security jenison knows when to pull your hand out of business models used by american corporations. to use the controls on the scene and who are seduced. alys up in association with. as it is just simply going to lead to. an investigative documentary. ghost war on r.t. .

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