secretary of the treasury stephen munch and stated that the sanctions against china singapore and russia those were related to assistance provided or trades made with north korea and in an official statement he said the tactics that these entities based in china singapore and russia are using to attempt to evade the sanctions are prohibited under u.s. law and all facets of the shipping industry have a responsibility to abide by them or expose themselves to serious risks can you help my myself as well as our viewers at home kind of understand the logic behind the tactic of imposing economic sanctions on foreign sovereign nations for not following us saw and how that makes sense and also what does this work better than diplomacy. well it depends on how you look at it and which side of the fence you're looking from. i think the united states at this point has basically given up on diplomacy. we've seen this very much over the past year plus in terms of how the state department has essentially been playing a inferior role in terms of u.s. foreign policy which is unprecedented so what the gov

secretary of the treasury steven munch and stated that the sanctions against china singapore and russia those were related to assistance provided or trades made with north korea and in an official statement he said that tactic that means entities based in china singapore and russia are using to attempt to evade the sanctions are prohibited under u.s. law and all facets of the shipping industry have a responsibility to abide by them or expose themselves to serious rests can you help myself as well as our viewers at home kind of understand the logic behind the tactic of imposing economic sanctions on foreign sovereign nations for not following us saw and how that makes sense and also what does this work better than diplomacy well it depends on how you look at it and which side of the fence you're looking from. i think the united states at this point has basically given up on diplomacy. we've seen this very much over the past year plus in terms of how the state department has essentially been playing a inferior role in terms of u.s. foreign policy which is unprecedented so what the governm

secretary of the treasury steven munch and stated that the sanctions against china singapore and russia those were related to assistance provided or trades made with north korea and in an official statement he said the tactics that these entities based in china singapore and russia are using to attempt to evade the sanctions are prohibited under u.s. law and all facets of the shipping industry have a responsibility to abide by them or expose themselves to serious risks can you help my myself as well as our viewers at home kind of understand the logic behind the tactic of imposing economic sanctions on foreign sovereign nations for not following us saw and how that makes sense and also what does this work better than diplomacy. well it depends on how you look at it and which side of the fence you're looking from. i think the united states at this point has basically given up on diplomacy. we've seen this very much over the past year plus in terms of how the state department has essentially been playing a inferior role in terms of u.s. foreign policy which is unprecedented so what the gov

punishing three businesses in one individual from russia, china singapore.shipping cigarettes, alcohol and oil to north korea which is a preacher sanctioned meant to put pressure on the regime's nuclear programs. mattress firm may soon be a will to rest easy. a major supplier of master firm reportedly is in talks to take over the company teetering on the edge of bankruptcy. concern about $100 million in receivables that would go unpaid mattress for one under. take a look at this extremely rare nickel that discussed four-part $56 million on action. wonderfulness five ever produced at the third philadelphia mint and according to experts this one is the best of the bunch. no word yet on who the buyer is, cheryl. cheryl: that's a lot of money. wal-mart, speaking of money and spending money. the world's biggest retailer reported earnings this morning. the marks group with us to give us a preview of what we are looking for. jan also a columnist for "forbes." we are kind of curious how much money they spent on building their online personal against amazon. what he

we are exporting jobs to russia, china, singapore and the states outside because we are not making themelop with the oil, gas, minerals, timber. we had to be much more aggressive and bill walker has been a one trick pony on a gas pipeline that most alaskans feel have a long way to go before it starts. leland: as i read through the alaska anchorage daily news coverage of your guys raised, what just you guys want to cut, department budgets come alaska state troopers like treadwell know, the court system now, medicaid know, prisons no, not for now. university of alaska no. you don't want to cut appeared is there any place you want to cut the budget? >> i think we want to cut the budget, but we need to shift things from things that affect his two things that are affect it. we have one of the lowest graduation rate. transducer provided here, though. where do you cut the budget for the tax cut you want him for raising the amount you pay alaskans every year out of the fun? >> well, the two are not exactly related just so you understand not. in terms of what needs to be cut in education things

minutes to meet in singapore to discuss the china u.s. trade war after the white house says it wants to ratchet up chinese tariffs meanwhile the e.u. steps in to become the us favorite so it means by. that the figures do the talking nonsense record losses boss found in a mosque makes a promise soon will churn out ten thousand cars a week and investors are buying it. this is dean of your business i'm proud of us in berlin welcome foreign ministers of ten southeast asian nations are meeting for multilateral talks in singapore today at the top of the agenda of this meeting the escalating trade dispute between the u.s. and china it's become a conflict with a potential to do harm to many of the region's economies and the latest salvo from the u.s. is giving today's talks fresh urgency. the gathering is taking place amid continuing bad news for members of the association of southeast asian nations or.

china trade war. they make speakers in this factory in singapore, and also have factories in vietnam and china.st case is you impose a 25% tariff... now they have found out that the equipment they make on their chinese factory is on the latest list of chinese goods the us is targeting. if these tariffs come into effect, their chinese made speakers could be up to 25% more expensive for american customers. we are sandwiched. we have a little voice, our voices were probably drowned out. hopefully it finds its way to somewhere, and this threat will cease, but we're not sure. anything can happen so as a business we have to be prepared for the worst. the predictions are dire. singapore alone could see up to a percentage point of its economic growth shaved off this year if these tensions turned into an all—out trade war and around the region the numbers are almost as bad. but, as singapore's trade minister told me, the bigger threat to the global economy is lurking in the background. if global confidence is shaken, if this impacts it negatively and everyone withholds their investment, then i think we

they will go to india, singapore, china, wherever it is. we have to do this. this is the first generation where parents are concerned their children will not have good as alike as they will. the way to challenge that could change that is to have a much better opportunity for all and the courage and the will to do that. >> what in your view is the one or two greatest obstacles to improving schools? >> i think we have to invest in a very different level. the fact we love so many children who start kindergarten a year, 18 months behind, they often don't catch up. those who start behind and those who dropped out. we know there's no good job there. we have to hold ourselves accountable. are we getting higher graduation rate. are they ready for college. ultimately honestly the policy of the left of the rate and we need to have politicians in both parties willing to challenge their base in the status quo would do something different. finally come the national poll behind education. i think we should try that high school graduation rates that 84% should be to go to 90

china trade war. they make speakers in this factory in singapore, and also have factories in vietnam and china.e is you impose a 25% tariff... now they have found out that the equipment they make in their chinese factory is on the latest list of chinese goods the us is targeting. if these tariffs come into effect, their chinese—made speakers could be up to 25% more expensive for american customers. we are sandwiched. we have a little voice, like, our voices will drown out. hopefully it finds its way to somewhere, and this threat will cease, but we're not sure. anything can happen, so as a business we have to be prepared for the worst. the predictions are dire. singapore alone could see up to a percentage point of its economic growth shaved off this year if these tensions turn into an all—out trade war, and around the region, the numbers are almost as bad. there are many things we can do together... but, as singapore's trade minister told me, the bigger threat to the global economy is lurking in the background. if global confidence is shaken, if it's impacted negatively, and everyone withholds t

the treasury punishing three businesses and one individual from russia, china and singapore accused ofing cigarettes, alcohol and oil to north korea which is a breach of sanctions meant to put pressure on the regime to end its nuclear program. ed: a republican lawmaker pressing the fbi for details on chinese spy in senator dianne feinstein's office jim banks sending a letter to chris ray demanding to know if that mold jeopardize national security. the california democrat's former driver was recruited to send information to china and was fired after the fbi warned feinstein about him five years ago. she says he had no access to classified material. the government wants to spend $2 million to give students trauma training, the department of homeland security proposing a $1.8 million grant program aimed at teaching students and school staff how to help victims of mass shootings with a focus on controlling bleeding. a very important part. jillian: apparently our national anthem compares to the songstress waves saying when they were forced to do manual labor. >> those comments from nba lege

lot of economists say this won't have much effect on the us and china, but the collateral damage will be on the economies like singaporeth—east asian and northern asian economies is? -- economies? that make sense, a lot of the stuff sent from china to the us, which is seeing tariffs placed on it, it is a fraction right now, it will bring us to $50 billion, it is the threat of $200 billion that could be coming up in the weeks ahead. in the months ahead, i should say. and that's the big concern for companies is an products to china, that they could see many more products now become more expensive to american consumers. that would hit growth out here in this region. thank you so much for updating us on the latest from singapore, karishma, oui’ the latest from singapore, karishma, our very own asia business correspondent. and the trade war with china has caught the attention of officials from the us central bank. according to minutes from the latest policy meeting, the federal reserve officials have warned that the escalation in trade disputes could potentially have consequential downside risks for real activity. and even

we have a really strong presence in key markets like singapore, china, dubai for the middle east, i wasery proudly opening india this year. we have a much stronger foot some ofd presence in the exciting markets in the world. hopefully a much more inclusive working environment. francine: up next, lloyd's of man-maderecast disasters could cost the world cities more than $320 billion a year. what kind of leadership does it take to ensure disasters, both natural and man-made? more comment next. ♪ francine: lloyd's of london started as a 17th-century coffee shop providing insurance to ship and cargo trade. now, it provides cover for some of the world's biggest businesses, including 52 of the weakest banks. what kind of leadership style does it take to manage a company of this complexity? inga beale is still with us. what are the qualities needed for chief executives to lead lloyd's of london? similar tobly running any other big organization. you have to have courage. we have to make tough decisions. we have to make decisions that affect the entire market. that takes courage. you have to be c

we have a strong presence in the key market like singapore, china, dubai for the middle east.iaproudly opening earlier this year. we have got a stronger footprint in the new exciting markets in the world. and hopefully a more inclusive working environment. that attracts all sorts of types of people. next, lloyd's of london, broadcast man-made disasters could cost cities more $320 billion a year. what leadership does it take to ensure disasters. ♪ ♪ francine: lloyd's of london started as a 17th-century coffee shop providing insurance in cargo trade. now it provides cover for some of the world's biggest businesses, including 52 of the banks. what kind of leadership style does it take to manage a company of this complexity? inga beale is with us. what are the qualities needed in a chief executive to lead lloyd's of london? inga: they are probably similar to running other organizations. one of them is, you have got to have courage. we have to make tough decisions. we have to make decisions that affect the market. that takes courage. you have to be convinced this is the right thing

and finally there's this weird constellation of singapore with china with the choice to open a movie of a quote by napoleon bonaparte about china which these imply is that singapore is a chinese country and i think basically rep mis represent singapore. so that's actually a different continent we got two video comments and very on that same topic brad but the idea is still the same it's not representing all charlatans yeah i mean look we are i think take a step back i think we all agree we're in the ice age of asian american representation is taking us twenty five years to get to this point. this movie was based on a book it was based on a story and you're not going to represent every culture every asian american group in one story. we wish that we could i think as storytellers include everyone but this was set in a very specific family in a very specific time and unfortunately i think it's actually a good thing i'll take it that i think it's a good thing that even with an incredible representative film like this that we can still be critical that we can still not be one hundred perc

here is juliette saly in singapore. china will dispatch a minister to the u.s. for trade talks later this month. they will meet with an american the under secretary of the treasury department. the chinese communist party's top newspaper has issued a rare direct criticism of donald trump's agenda saying his america first policy is hurting his own people. said that newe tariffs on turkish goods will stay in place even as president erdogan received a unanswered life i'm from qatar that should help from received qatar. erdogan has gotten a promise from the emir to invest $15 billion into his country as well as reaching out to germany's angela merkel for support. italy's prime minister has said he will start procedures to -- sayinge license the government cannot wait for the outcome of the prosecutors broke and subsequent trial. that's as the death toll from the disaster has risen to 39 and it is feared the number of for tallies could rise further. in the u.s., donald trump has revoked john brennan security clearance, accusing him of erratic conduct and behavior. ren

china. chris singapore, it is still at the upper hand of the band. ed to the current currencies. bringing this back to the bigger picture in terms of u.s.-china trade tensions, how skeptical, how might -- how confident are you that we can get to a resolution sooner rather than later. >> i'm very skeptical overall. when you think about what this trade war is about, it is about china reversing its industrial policy that it has had since the founding of the republic. chop doesn't like the chinese government interfering in his domestic industries. i don't think they will talk -- walked back from this. just tariff relief from the u.s.. --ess the use comes especially ahead of the midterms when being tough on china is a important platform for president trump and republicans. yvonne: you mentioned the dollar trade regaining strength once again. at what point do we see this have a trigger? twin deficits weigh on where the dollar goes from here. but it would point do you see that inflection point? >> it's been a little bit tougher recently because we had to loo

on day 4 of the asian games in indonesia, singapore's joseph schooling broke the china—japan duopolyalist who won olympic gold over 100 metres in rio two years ago, had to settle for bronze in last year's world championships — but he set a new games record of 51.04 seconds as he retained the asian title he won four years ago. he was the first swimmer from outside china and japan to win a gold medal at this year's games. there was a new games record, too, forjapan‘s yasuhiro koseki as he completed a breaststroke double. 2a hours after winning the 200 metres title, he won gold over 100 metres in a time of 58.86 seconds. there was also gold — and a new games record — forjapan in the men's 4 x 100 metres freestyle relay withjuran mizohata anchoring them to victory in three minutes 12.68 seconds. china were second, which meant a fifth medal of the week for sun yang, with singapore taking bronze. meanwhile earlier on day 4 south korea snaffled a cycling gold in the women's100 kilometer road race. na ah—reum won in two hours, 55 minutes and 47 seconds — with the minor medals going to china

free trade trans-pacific partnership now they're pursuing a china backed regional trade agreement with pacific powers excluding the us singapore's prime minister said it could be signed by the end of the year. the european commission says american soybean imports to the e.u. have opened scored drupal this up to the block promised washington to buy more last week in an apparent attempt to dodge a trade war between the two instead of brussels put the boost down too and resistible back in. donald trump has certainly disrupted global trade flows especially when it comes to soybeans u.s. soybean farmers have seen prices for their produce plunged by twenty percent after their prime export market china imposed high tariffs in retaliation for u.s. tariffs on chinese goods the trade has almost ceased the e.u. was quick to take advantage of the cheaper u.s. crop something that must have been clear to commission president john claude younker last week when he promised trump the e.u. would step up u.s. soybean imports the latest figures show that that process was already well underway . today that you can commit commission has published the

minister coverage solo and secretary of state mike pompei all met on the sidelines of the summit and singapore china sort of described to me thing as constructive well the u.s. imposed sanctions on to turkish government ministers protest of the detention of a u.s. pastor accused of terrorism turkey has said the sanctions on acceptable. deluded that we have said from the start but the other side threatening language and sanctions will not get any result we repeated this today. we might pump a we discussed how to solve issues how to take steps together it was an extremely constructive meeting there may be tensions and differences of opinion between countries but turkey always wishes to solve problems through diplomacy and dialogue mutual understanding and agreements. we're taking you back live to the zimbabwe and capital harare now where we're expecting to hear from opposition leader nelson chamisa there he is waiting for him to address media following the electoral commission announced saying that the ruling zanu p.f. both the parliamentary vote and also the presidential vote so far nelson chamisa ha

flint has said he is cautiously optimistic for growth ahead despite the ongoing china — us trade war. katie in singaporea look at the markets. asian stock markets were mixed on monday, with investors broadly cautious amid fresh signs that the us—china trade war is escalating. we can take a look at the picture across europe. not moving a huge amount but ever so slightly down this morning at the start of the trading week. we will delve into that in detail and an expert eye on that in detail and an expert eye on that in detail and an expert eye on that in a moment. first paul blake has the details of what's ahead on wall street today. it is a big week for media companies here in the us, with many top brands reporting their earnings. at the top of the agenda is disney, which will announce its quarterly results on tuesday. it's looking like a mixed bag for the media powerhouse. over the past three months it's had some big hits, including avengers infinity war and the incredibles 2. but also a big disappointment in solo, a star wars movie. beyond the headline numbers, wall street comments on how it will bring

matt: thanks very much, juliette saly in singapore. chinaks, excluding are ending a bruising week on a positive note after an easing in trade tensions between china and the u.s., and positive revolts -- results from walmart boosted american shares of the company. joining us live from singapore is mark cudmore. let me first ask about the easing trade tensions. we heard about these talks about talks yesterday, and the market completely ignored it. all of a sudden today, it is the driver of a gain in asian shares. what has changed? mark: i think it's more -- i think it's more the story that fits the price action. it's not really the trade story driving this. i think overall, this trade development is slightly positive. it is talks about talks. trump has taken a very firm stance. he sees no signs of concessions or compromise yet. it is too early to get optimistic on trade, but at least they are talking. guy: if we get a stabilization of the chinese currency, what are the repercussions of that? rk: i think it probably helps the overall broad doll

singapore. the headlines: claims china is running political indoctrination camps for ethnic uighur muslims. the battle for ghazni in afghanistan — the government says up to 200 militants have been killed in the city after a taliban attack. the taliban have started fleeing from the outskirts of ghazni, so the situation is fully under control. i'm babita sharma in london. also in the programme: turkey's president erdogan accuses the us of a "stab in the back" as the country's currency crisis deepens. facebook subscribers in eight south asian countries will now be able to watch top—flight spanish football matches for free. we're live in san francisco with the latest. live from our studios in singapore and london, this is bbc world news — it's newsday. good morning. it's 8am in singapore, 1am in london and two in the morning in geneva where a senior chinese government official has strongly denied allegations that a million muslim uighurs are being held in detention centres in shinjiang province. beijing says reports of the centres are completely false. it said uighurs enjoyed full rights and so

mnuchin said his department is taking action against three companies which are based in china, russia, and singaporeas well as the head of russian firm. steven mnuchin says consequences for violating the sanctions will stay in place until the complete denuclearization of north korea. this week marks one year since nafta renegotiations began, and there is word tonight that a trade deal could be very close with mexico. the deal so far leaves canada out in the cold. correspondent gillian turner has the story. >> you know this president. he prefers bilateral trade agreements. he's made it clear. >> u.s. and mexican trade rep incentives kicked off their fourth week in a row of negotiations to update nafta, the president's trade advisors as an agreement may be evident. speak of the team has been working overtime, late nights going through but i would characterize as the final details. >> after president trump threatened to scrap nafta, mexico and canada pushed back. insisting on a three-way deal. so far, the u.s. and mexico have been meeting one-on-one, with mexico's minister of finance anticipating canad

in the pool joseph schooling provided a rare break in the dominance of china and japan the olympic champion took singapore's first gold in the hundred metres butterfly. normal service resumed after that japan and china split the other seven golds on offer with two days left of competition in the pool looked on fourteen goals each. japan's basketball team were in action for the first time since four of their players were sent home for visiting jakarta's red light district the eight remaining players won a close match against hong kong eighty six points to eighty two was the first gold of the day had gone to south korean cyclists. in the women's hundred kilometer road race. and later in the day north korea celebrated to. chole when the men sixty nine keno weightlifting to claim their second gold medal of these games. india picked up the second shooting gold rush the sun about taking the twenty five mi to pistol title not that she's planning on celebrating nothing but the people we are because this is this is the thing what i have to do i had to do i wanted to do so i don't think even same i design depending o

he went to singapore for the north korea and china meeting. we were going back to washington and he was in singapore when he tweeted that i had a heart attack, which was very kind. it sounded worse than it actually was. >> why did you take the job? >> good question. trump forwn president many years, interviewed him many times on various tv and radio shows. helped him with his campaign on tax cuts and the economy. in atked about coming different points. i was still working as commentator for cnbc and my radio show, just finished the book. i wasn't really in any rush to jump in. ago, ihis over 35 years was one of the omb deputies for economics. this was a more senior position. a march. me in i was coming back from connecticut. i was coming back from playing tennis. the phone rings and it's the situation room. we talked for about 35-40 minutes. -- i thought he was going to yell at me, because he whichished steel tariffs, i did not approve of. i had written an op-ed opposing his national security steel tariffs. i thought he was calling to balmy out

in the pool joseph schooling provided a rare break in the double digits of china or japan the olympic champion took singapore's first gold in the hundred metres butterfly. normal service resumed after that japan and china split the other seven golds on offer with two days left of competition in the pool on fourteen golds each. japan's basketball team are in action for the first time since four of their players were sent home for visiting jakarta's red light district eight remaining players won a close match against hong kong eighty six points to eighty two. the first gold of the day had gone to south korean cyclists. in the women's hundred kilometer road race. and later in the day north korea celebrated to. win the men's sixty nine keno weightlifting to claim their second gold medal of these games. india picked up their second shooting gold rush the sun about taking the twenty five mi to pistol title now that she's planning on celebrating nothing much you can see from the article this is this is the thing what i have to do what i had to do i wanted to do so i don't think even though you may dislike depending o

in the pool joseph schooling provided a rare break in the dominance of china and japan the olympic champion took singapore's first gold in one hundred metres butterfly. normal service resumed after that japan and china split the other seven golds on offer with two days left of competition in the pool looked on fourteen golds each. japan's basketball team were in action for the first time since four of their players were sent home for visiting jakarta's red light district eight remaining players won a close match against hong kong eighty six points to eighty two was the first gold of the day had gone to south korean cyclist not. in the women's hundred kilometer road race. and later in the day north korea celebrated to. chole when the men's sixty nine keno weightlifting to claim their second gold medal of these games . india picked up the second shooting gold rush the sun about taking the twenty five mi to pistol title not that she's planning on celebrating nothing but the people we are because this is this is the thing what i have to do what i had to do i wanted to do so i don't think even though they dislik

in the pool joseph schooling provided a rare break in the dominance of china and japan the olympic champion took singapore's first gold in one hundred metres butterfly. normal service resumed after that japan and china split the other seven golds on offer with two days left of competition in the pool on fourteen golds each. japan's basketball team are in action for the first time since four of their players were sent home for visiting jakarta's red light district eight remaining players won a close match against hong kong eighty six points to eighty two. the first gold of the day had gone to south korean cyclists. in the women's hundred kilometer road race. and later in the day north korea celebrated to. win the men's sixty nine keno weightlifting to claim their second gold medal of these games. india picked up the second shooting gold rush the sun about taking the twenty five mi to pistol title not that she's planning on celebrating nothing but you can see from the article this is this was the thing what i have to do i had to do i wanted to do so i don't think i even believe i designed depending on things

in the pool joseph schooling provided a rare break in the dominance of china in japan the olympic champion took singapore's first gold in one hundred metres butterfly. normal service resumed after that japan and china spent the other seven golds on offer with two days left of competition in the pool on fourteen golds each. japan's basketball team are in action for the first time since four percent for visiting jakarta's red light district eight remaining players won a close match against hong kong eighty six points to eighty two. the first gold of the day had gone to south korean cyclist. in the women's hundred kilometer road race. and later in the day north korea celebrated two. when the men sixty nine keno weight lifting to claim their second gold medal of these games. india picked up the second shooting gold rush the sun about taking the twenty five mi to pistol title now that she's planning on celebrating nothing much you can see from home we only get this this was the thing what i have to do what i had to do i wanted to do so i don't think i would say i dislike defending against that i toil and friend

he was actually on a small schooner traveling from singapore to china to drop off the opium. william hunter described a voyage where the schooner carried 300 chest of opium and would drop anchor off one of the forbidden part ports in china and the customs official would come on board and say you know you're not supposed to be here so please carry on the canton, you can't stop your pet the captain what they were really sorry, we are low on water and supplies, we just need wood for our stove, please help us out. then the customs official would say that's great thanks for letting us know. now the real question, how many chest of opium do have and where is my bride. of course silver would change hands and a bunch of votes would row out and picked up the opium and row back to the coast and the opium leper would continue on with the silver. it was also one of the great chinese figures in this history that comes out in his name, he was the head of the chinese guilt that was allowed to do business with the foreigners, only a dozen or so chinese merchants were allowed to do business w

so far the only swimmer capable of beating china and japan at these games for the second day running he took gold for singapore having the fifty metres butterfly to one hundred meters title he won a wednesday. i schooling to avoid mistakes like this in the relay china's women thought they'd won silver behind japan and the full by one hundred beaten badly but then they had it stripped after one of them was judged to have jumped into early on changeover i shocked. japan looked amused and hong kong looked overwhelmed to be promoted to second place it was a good day for hong kong away from the pool to. their first gold of the week in the dressage on board her first on tour aptly named because it's the first time hong kong has won an equestrian medal at an asian games. in the football human son many south korean team mates have made it into the quarterfinals that's after to know when. was south career also be run in the taekwondo arena as lead down who took the men's sixty eight kilogram division its third straight games gold. and there was even more success for south korea in the men's gymnastics kim hand sold to

the treasury department slapping sanctions on shipping companies in china, russia and singapore thatave been doing business with north korea. what's going on here? michelle kosinski has been looking into this. she has more details. hi there. >> hi. yeah, this just happened. it's another round of sanctions targeting north korea but also affecting other countries that you mentioned. the bad actors that continue to do business with north korea, continue to prop up its economy and, thus, its regime. china and russia especially. they've been called out by the united states multiple times. this isn't a huge round of sanctions. it's targeting one individual and three companies. but it's another signal from the u.s. that it wants to continue pressure until north korea changes its tone. things have not been great lately despite round after round of talks. and a lot of these talks that are going on are just over the phone but they're frequent. last week the state department told us there are talks almost every day with north korea. they won't say there's any progress and there have been tough

as part of china's growing export supply chain the asean nations stand to lose big in any trade war. a full scale conflict could slash singapore's growth next year by half the host country's leader warned the association to brace itself rules based multilateral trading system which has underpinned us hands of growth and prosperity is under pressure it's important that us and continue to support the monkey through system and work with like minded partners to deepen our weapon corporation. southeast asian nations tighten their ties with china following us withdraw from the free trade trans-pacific partnership now they're pursuing a china backed regional trade agreement with pacific powers excluding the us singapore's prime minister said it could be signed by the end of the year. and let's have a look at the european front of the us trade story the european commission all says u.s. soybean imports to the e.u. have almost quadrupled commission president john clode younger i held it up as a sign the e.u. is delivering on promises made to president obama trump last week in an apparent effort to dodge a trade war between the two sides

he was actually on a small schooner traveling from singapore to china to drop off the opium. william hunter described a voyage where the schooner carrying 300 chests of opium worth tens of millions of dollars would drop anchor off of one of the forbidden ports in china and the custom official, chinese customs official would come on board and say you know you're not supposed to be here please carry on you cannot stop here and the captain would say we are really sorry your query low on water and supplies and just need some wood for our stoves please help us out and then the customs official would say thanks for letting me know. now, the real question how me chests of opium do you have on boarding where's my bride? so, of course it would change hands and then if on cue a bunch of boats would roll out, pick up the opium and row back to the coast and then the opium clipper would continue on with silver. it was also while researching the china trade that one of the great chinese figures, his name -- he was head of the chinese kill that was allowed to do business and only a dozen sn

china. katie silver is in singapore.d about the 10% tariffs having an effect. 2596 is the 10% tariffs having an effect. 25% is even worse? the 10% tariffs having an effect. 2596 is even worse? that's right, what we are seeing here is a real ratcheting up of the pressure from washington towards beijing. as you say, we knew about 10%. these reports are today have increased this to 25%. this is up to 6000 goods. this includes food products, minerals, even consumer products such as handbags. sources have told bloomberg that this escalation will be announced in the next 24 hours. what it means is that if you take it all together with the other tariffs that have been announced, they could be 25% tariffs on half of what the us imports from china. what this is all about is bringing beijing to the negotiating table. but in a weaker position. the truth is, nobody wants to see this to go on for a long time. the us wants to resolve this trade war before it hurts the american consumer. katie, thanks very much, one that we will keep a

china. good morning. it's 8am in singaporednight in london, and it's also 8am on the indonesian island of lombok, where another deadly earthquake has struck. according to the indonesian authorities 82 people have died after the 7 magnitude quake struck just off the north coast. it comes just a week after another quake hit lombok, killing at least 16 people. rhodri davies reports. these are deadly tremors that have become feared and familiar to people in this part of indonesia. this magnitude seven earthquake hit the coast on the resort island of lombok on sunday and killed dozens of people, as well as injuring more. the us geological survey said it struckjust ten kilometres underground. and above ground, there was palpable panic. translation: when i was working, it was initially just little shocks, but then it was getting bigger and bigger and people started to shout "earthquake." then all of the staff panicked and rushed out of the building, then officials asked everyone to vacate the building. it is the second quake to hit h

to trade war between china and the us has started to bite the east and southeast asian countries such as the expression i would say south korea and singapore thailand malaysia and the others countries now decays all of south korea because china and you as are the largest trading partner of south korea so the consequence of these unstoppable trade war east and the negative impact on south korea so what i'm expecting is very likely because the escalation between escalation of conflict between north korea and the us on the surface about the new the nuclear crisis and the deadlock regarding the denuclearization however underneath the curve and we have to see to deploy and at least all of this trade war between china and the us and to the poor and that because number one tom is going to be here it would very likely to be south korean economy and it's up as a matter of fact i would anticipate depresses the administration. even in trying to get a deal on behalf of all these parties to assure china and the u.s. trying to bring all these trade agreement to be on track in order to stop the escalation between north korea and the u.s. and what's the r

free trade trans-pacific partnership now they're pursuing a china backed regional trade agreement with pacific powers excluding the us singapore's prime minister said it could be signed by the end of the year. and to the european front of that story the european commission says us soybean imports to the you have almost quadrupled commission president on quote you held it up as a sign the u.s. delivering on promises made to president donald trump last week in an apparent effort to dodge a trade war between the two sides donald trump has certainly disrupted global trade flows especially when it comes to soybeans u.s. soybean farmers have seen prices for their produce plunged by twenty percent after their prime export market china imposed high tariffs in retaliation for u.s. tariffs on chinese goods the trade has almost ceased the e.u. was quick to take advantage of the cheaper u.s. crop something that must have being clear to commission president john claude younker last week when he promised trump the e.u. would step up u.s. soybean imports. the latest figures show that that process was already well underway. today that you can c

free trade trans-pacific partnership now they're pursuing a china backed regional trade agreement with pacific powers excluding the us singapore's prime minister said it could be signed by the end of the year. the american economic attests lies sinking deeper into the red in the second quarter they lost seven hundred twenty million dollars doubling the loss from the same period last year now company c.e.o. susan moss wants to ramp up production of the models three more affordable mass market model in a letter to shareholders moss says he wants to build ten thousand units a week under great pressure to churn out more he calls various setbacks and fled to difficulties on the production line and fewer cars produced than plans. as of a quick check on the markets with all brits in frankfurt told tesla is burning money when will they ever stop to make some. there are stores like the one that's behind me here in frankfurt they don't have a problem to sell the cars you know if you walk through you'll see the sold signs it all comes down to whether tesla can make their cars whether it can speed up production and there's actually a heated

free trade trans-pacific partnership now they're pursuing a china backed regional trade agreement with pacific powers excluding the us singapore's prime minister said it could be signed by the end of the year. german engineering come along with zemin is planning a complete restructuring of the company is builds trains turbines industrial robots and medical scanners and will be streamlining five of their businesses into three according to c.e.o. job siemens wants to concentrate on the energy industry digitization an infrastructure sector the company wants each segment to act autonomously with less involvement from headquarters it's not here clear how the plants will affect their almost three hundred eighty thousand employees worldwide the company hopes to improve its sales and earnings by two percent and early. spring in our financial correspondent paul blitz in our frankfurt. insists he isn't creating holding they've been splitting up the company but it sure looks that way of feels that way doesn't it. the new verse structuring is pointing in that direction yes and you mention it the new plan that's called a vision twenty twenty