managing director christine legarde was not deliberately time to cause issues for the u.k. prime minister but the timing is going to be significant as britain faces a meeting later this week on bret's it and then a summit in november and the assessment of the i.m.f. regarding britain's prospects after bracks it looks quite really the growth forecast for example that the i.m.f. has put on british g.d.p. has been revised down from one point seven five percent to one point five percent but even that is totally contingent on what christine legarde described as a timely deal and a smooth process after that she said a kind of disorderly wreck set where no deal has been agreed and britain falls off a cliff edge would have significantly worse effects on the british economy other comments that she said was that the w.e.o. the world economic outlook for predicted global growth to be around three point nine percent so you can see that one point five percent or worse shows that britain really is lagging behind the other issues that you raised were that the range of issues that need to

christine legarde says britain's growth rate will be less than half the global average even if a smooth breaks it transition is agreed paul brennan reports. at one point in her news conference christine legarde described herself as a desperate optimist but delivering the i.m.s. latest assessment of the u.k. economy her tone was repeatedly downbeat about britain post rex it so whatever the deal is will not be as good as it is at the moment and asked about the seemingly growing prospect of britain crashing out without a british deal now clearly that was to happen our assessment is that it would have very dear economy consequences it would be a shock to supply. and it would inevitably have a series of consequences in terms of. reduced growth going forward. increased deficit most likely depreciation of the currency and. you know in reasonably short order mean a reduction of the size of the u.k. economy the bracket deadlines are approaching fast for britain to depart the european union in an orderly manner next march they really need to agree the e.u. divorce bill by the end of this year and

billion dollar loan christine legarde says there's been progress in talks with the country's finance minister nicola hall's name and just leading up the payment the i.m.f. approved the loan in june when his side is has already used up the first installment of fifteen billion dollars in an attempt to stabilize its currency but the peso has continued its slide using off its value against the dollar so far this year that is raising fears that the country won't be able to service it sticks the u.s. has also promised support. why it caught a very infirm specialized in online payments is set to notch german giant comments by an out of the blue chip dax index today is the latest sign of plucky fin techs out shining traditional lead this wildcard make software for cash just in contactless payments and the company started out processing car payments the gambling and pornography websites and now some of the biggest names in business so using it services. but munich airport chinese travelers are known as avid buyers of luxury goods just before departure. since recently they've also been able to

christine legarde also called the range of issues still to be resolved daunting and she warned that u.k. growth will be less than half the global average even if a smooth transition is a great or brennan reports. at one point in her news conference christine legarde described herself as a desperate optimist but delivering the i.m.f. latest assessment of the u.k. economy her tone was repeatedly downbeat about britain post rex it so whatever the deal is will not be as good as it is at the moment and asked about the seemingly growing prospect of britain crashing out without a break to deal now clearly we've got worse to happen our assessment is that it would have very dear economy consequences it would be a shock to supply. and it would inevitably have a series of consequences in terms of. reduced growth going forward. increased deficit most likely depreciation of the currency and. you know in reasonably short order mean a reduction of the size of the u.k. economy the bracket deadlines are approaching fast for britain to depart the european union in an orderly manner next march they really

chief christine legarde had this to say about the possible effects. it will be a shock to supply. inevitably have a series of consequences in terms of. reduced growth going forward. increased deficit most likely didn't of the size of the economy with so many questions still open many companies are seeking to make arrangements in the case of a no deal breakfast that sparks fears of a corporate flight out of the u k. this week is emerged that germany's deutsche bank is reportedly considering shifting hundreds of billions of euros from london to frank first swiss bank u.s.p. has chosen frankfurt as its new european harbor. i've. noticed some other stories making the business news this week e.u. regulators have opened an investigation into car makers b.m.w. dimer and v.w. the probe will focus on whether the auto makers agreed not to compete against each other in developing technology to restrict pollution it's proven the carmakers could face billions in fines. hackers have stolen sixty million dollars from a japanese virtual currency exchange called zaeef they made off with a total of

christine legarde also called the range of issues still to be resolved daunting and she warned that u.k growth will be less than half the global average even if a smooth transition is agreed o'brien reports. at one point in the news conference christine legarde described herself as a desperate optimist but delivering the i.m.s. latest assessment of the u.k. economy her turn was repeatedly downbeat about britain post rex it so whatever the deal is will not be as good as it is at the moment and asked about the seemingly growing prospect of britain crashing out without a break to deal now clearly we've got worse to happen our assessment is that it would have very dear economy consequences it would be a shock to supply. and it would inevitably have a series of consequences in terms of. reduced growth going forward. increased deficit most likely depreciation of the currency and. you know in reasonably short order mean a reduction of the size of the u.k. economy the bracket deadlines are approaching fast for britain to depart the european union in an orderly manner next march they really need

headlines leading our market report the managing director of the international monetary fund christine legarde has said the currency crises in emerging markets could intersect with the u.s. china trade by exacerbating both sets of problems ms legard lamented that the cycle of threats has already begun to corrode business carpet. it's even before major economic damage has taken place she told the financial times that the u.s. china tit for tat tussle could deliver a quote shock to emerging markets but also caution that she does not yet see any signs of specific contagion problems in nations including turkey mr gard also made news on a personal career note batting away suggestions that she.

said there will be significant costs if it crashes out of the european union speaking in london christine legarde warned of the daunting challenges facing negotiations urging both sides to reach an agreement she said there would be a lot of negatives from briggs it of course britain due to leave the in march of next year overcoming differences. reaching agreement and closing a deal with the e.u. will be critical to avoid the new deal breaks it which would impose very large cost on the u.k. economy it's funny what began last week as a couple of isolated cases of sewing needles hidden in a strain in strawberries is turning into a crisis for the industry more and more contaminated for it's been found since across the country after thomas reports. this strawberry scare began a way to go when a customer bought a planet like this one and found needles inside two of the strawberries that was traced back to a packing shed a particular farm where it looks as though at the scrum through employee that put needles inside the strawberries it looked as though that was a one off but since then the have been rep

boss christine legarde found guilty of negligence in a french court says the u.k. will see only likely costs because of britain's vote for brics that's coming up on the show last go says it reserves the right to hit by. tel aviv for the deaths of fifteen servicemen just hours after a senior i.d.f. office i warn you always have to remember the first lesson in military history don't mess with the russians and this china vows to retaliate against trumps a trade war we speak to a former vice president of lehman brothers about how president xi jinping could fight back in the face of drug trade threats of fiore plus if you were looking for a match up of gogglebox regarding this question time in kabul karaoke in these areas is nick robinson and. i'm afraid you've come to the wrong place however if you want to reform ring round up this week's top headlines join me in action for all the civil coming up today but first while the mainstream media appears to ignore russian claims of ukrainian serial numbers in the case of the downing of flight m.h. seventeen another plane cras

president mario draghi as well as from the head of the international money monetary fund christine legarde. and south korea and the united states have reached an agreement on a revision other two thousand and twelve trade agreement was reached with president obama's administration the renegotiation is one of his trade policy revamps that u.s. president donald trump has pursued acting on his repeated in the in that big at times complaints about poor outcomes from past trade deals and policies the us ran an overall trade deficit abruptly eleven billion dollars with south korea their six largest trading partner in two thousand and seventeen but in goods including cars and metals that seem to capture mr trump's imagination and attention the u.s. ran a deficit of twenty seven billion dollars last year the renewed agreement leaves the vast bulk of the text unchanged from that obama era two thousand and twelve agreement but removes a barrier to export of u.s. cars that do not meet south korean safety emissions standards the updated agreement also extends a twenty five percent u.s. tariff on south

crashes out of the european union without a deal christine legarde has warned of a lot of negatives from bracks it overcoming differences reaching agreement and closing a deal with the e.u. will be critical to avoid the new deal breaks it which would impose very large cost on the u.k. economy syria will be the main topic of discussion when turkey's president rest of tiber two on meets russia's vladimir putin it will be their second meeting in less than two weeks the two are on opposing sides of the war has warned of a bloodbath and province and says he will not stand by and let that happen government forces backed by russia are fighting to retake it from rebels denuclearization is expected to dominate the agenda of tuesday's talks between the leaders of north and south korea when diane will meet kim jong il in income yang for the third time this year tropical depression florence is still lingering over the carolinas the storm may have weakened but the rain continues the city of wilmington in north carolina has been cut off by rising floodwaters officials plan to airlift food and water to

increased the previous bailout package to fifty seven billion dollars christine legarde managing directorof the i.m.f. says the seven billion dollars boost is all about restoring investor confidence. the fun remains fully committed to helping argentina tackle the challenges that it faces it is the largest ever program. is putting together we stand by argentina and we have confidence in the us that they want to deploy the big change is into numbers. nineteen nineteen nineteen billion u.s. dollars additional. full twenty nine. and that's our show for this week but remember you can get in touch with us via twitter use the hash tag a j c t c when you do or drop us an e-mail counting the cost of al-jazeera dot net in our address is more for you on live at al-jazeera dot com slash c.t.c. that will take you straight to our page which has individual reports links and entire search for you to catch up on. for this edition of counting the cost i'm sam is a than from the whole team thanks for joining us the news hour is next. under president trump finding asylum in the u.s. has become harder than ev

paul brennan following the story joining us from london how significant are these warnings by christine legarde. i think that hugely significant and it's because of her position as the managing director of the international monetary fund she's not just some academic from a local university this is basically the the person who looks at the global economic outlook and makes judgments using the very finest of economic predictions and predict dos and some of the information that you came out with that news conference which happened just an hour ago was pretty bleak i mean she's revised down the u.k. g.d.p. growth forecast from one point seven five percent for the next two years down to one point five percent but she's made that totally contingent on there being a smooth process after bracks it's a deal that is done on bracks it so what you're saying is if there's a no deal on bracks if britain falls off a cliff edge effectively when it leaves the european union in march of next year then there will be no such thing as one point five percent growth it could be significantly worse than that and the o

crashes out of the european union without a deal christine legarde has warned of a lot of negatives from. now the u.n. human rights commission in south sudan is calling on the government to set up a hybrid court to try potential war criminals south sudan's government signed a peace deal last week to end nearly five years of civil war the commission says those who committed crimes during the conflict must be held accountable. it's only days since south sudan's worrying parties agreed to end a war which has ravaged the world's youngest country but the united nations is keen for the government to take the next big step as soon as possible form a hybrid court to put on trial anyone suspected of committing atrocities during the conflict. or the south sudan is a country at war with the citizens because the attacks continue the violations on to new. internally displaced persons and refugees continue and the number of children would have affected by the continued to go on the increase. were. began in twenty thirteen when president salva kiir accused his then vice president riek machar of attempt

the managing director of the international monetary fund christine legarde says developing countries will need to devote fourteen percent of their g.d.p. to investments required to meet the sustainable development goals set by the united nations she says the proportion is huge and low income countries will need outside help i got was speaking at a forum summit in new york which also on its social entrepreneurs. new york is locked down for the un general assembly the police are working special shifts in hotels are booked out during september's regular session their city is even fuller than usual social entrepreneurs from latin america europe and africa are here to there being honored for their dedication and work like fatima done from kenya who developed the shoot to score not to kill initiative and i started out it was not about winning and i was just crazy dream with a football so this is a muslim guy who wanted was to kick a ball now today we have one thousand six hundred forty five playing football and we have had like for the last four years not a single. high school and my hope

headlines leading our market report the managing director of the international monetary fund christine legarde has said that currency crises in emerging markets could intersect with the u.s. china trade fight exacerbating both sets of problems ms legard lamented that the cycle of threats has already begun to corrode business confidence even before major economic damage has taken place she told the financial times that the u.s. china tit for tat tussle could deliver a quote shock to emerging markets but also caution that she does not yet see any signs of specific contagion problems in nations including turkey mr gard also made news on a personal career note batting away suggestions that she was considering succeeding either european president john claude juncker or european central bank president mario draghi missler guard is in the middle of her second five year term as head of the i.m.f. . now we turn to the category three hurricane florence which is bearing down on the southeastern u.s. the storm which is expected to make landfall late friday early saturday is currently packing sustained win

agreement with argentina soon us today of the early release of a fifty billion dollars loan christine legarde says there's been progress in talks with the country's finance minister on the quest to hold named speeding up that payments the i.m.f. approved in june what is that it has already used the first installment of a billion dollars in the tent to stabilize its currency but the peso has continued its law using all of its body against the dollar this they've bought this ticket and that's raising fears that the country will not be able to service its debts the u.s. has also promised it's. an armada now the top story we're following the united nations has warned about blood. russian and syrian forces appear poised in the want a final assault on the country's last rebel held stronghold the un security council is set to meet on friday over the crisis. you're watching news from of the implantable coming up at the top of the hour actually company and see that. trust but verify a cardinal rule of business on supervisory warrants. in the eurozone. in the fight against corruption. and data theft. h

headlines leading our market report the managing director of the international monetary fund christine legarde has said the currency crises in emerging markets could intersect with the u.s. china trade fight exacerbating both sets of problems ms legard lamented that the cycle of threats has already begun to corrode business confidence even before major economic damage has taken place she told the point actual times that the u.s. china tit for tat tussle could deliver a quote shock to emerging markets but also caution that she does not yet see any signs of specific contagion problems in nations including turkey mr guard also made news on a personal career note batting away suggestions that she was considering succeeding either european president john claude juncker or european central bank president mario draghi ms. gard is in the middle of her second five year term as head of the i.m.f. . now we turn to the category three hurricane florence which is bearing down on the southeastern u.s. the storm which is expected to make landfall late friday early saturday is currently packing sustained winds

the head of the international monetary fund christine legarde says the organization is close to a deal with argentina over emergency funding the governor of the country's central bank resigned on tuesday after just three months in the job as already battered currency the peso dropped in value just after he stepped down. in southern mexico the entire police force in the city of acapulco has been disarmed and placed under investigation the get out of state government says the force has been infiltrated by drug cartels arrest warrants have also been issued for two top commanders to choose to murder. venezuela's president nicolas maduro has attacked the us government for putting financial sanctions on his wife celia my daughter was hit with the restrictions after allegations of corruption three other members of models in a circle including the vice president have also been sanctioned by little warned the u.s. president not to target his family. american comedian bill cosby has been jailed for up to ten years the sexual assault was found guilty on craik counts of aggravated indecent assault

agreement with argentina as soon as today over the early release of a fifty billion dollars loan christine legarde says there's been progress in talks with the country's finance minister nicolas the holes they aimed at speeding up without payment the i.m.f. approves the new loan back in june and as i had it has already used the first installment of fifteen billion dollars in the attempt to stabilize its currency but the peso has continued its slide losing half of its value against the dollar so far this year raising fears that the country will not be able to service its debts the u.s. has also promised its support. well the market valuation of online retailer amazon supposed one trillion dollars on tuesday if only briefly as in stock rose during choose day trading sending it beyond the mark before it fell back a short time later the company is the second us firm to hit the threshold a measure of outstanding it shares multiplied by their value apples the past the one trillion dollar mark last month. and just your mind about the top story we're following for you the un has warned of a blood. russian

now christine legarde is painting even believe her picture if there is no deal and so what this terrorism may do at this point. well it's all very well to talk about the economics of the argument but really it's all about the politics. that is what the deal is going to succeed or fail upon is whether you mentioned it earlier in the reason making to invent your own parliament of the merits of the check is planned let alone in its negotiations with the e.u. and as far as christina god is concerned i notice in that comment you ran at the beginning of your report she did say that although it would be bad for the u.k. it would also be bad for the e.u. and again there is a politics versus economics that goes on as a calculation on the e.u. side as well so i think we can't purely look at this in just g.d.p. or unemployment terms although clearly that will be significant if we don't get a deal but but really if we're looking at what's going to happen and how it's going to pan out we really have to look at the politics of this and. in your opinion will it have a negative impact or is there differe

costs if it crashes out of the european union without a deal speaking in london a short time ago christine legarde warned of the daunting challenges facing negotiations urging both sides to reach an agreement she said there would be a lot of negatives from rex it britain is due to leave the e.u. in march next year overcoming differences reaching agreement and closing a deal with the e.u. will be critical to avoid the new deal breaks it which would impose very large cost on the u.k. economy the confirmation of president donald trump's pick for the supreme court has run into problems after an allegation of sexual abuse a woman who accused him of assaulting her is now willing to testify in court the judiciary committee was set to vote on brett kavanaugh his nomination on thursday but with a new revelation some politicians wanted delayed reports. if brett kavanaugh is confirmed he will change the highest court for a generation he will cement it as solidly conservative it's a high stakes nomination that has been controversial from the beginning with republicans refusing to hand over hundreds of thousan

the head of the international monetary fund christine legarde says her organization is close to a deal with argentina over emergency funding the governor of the country's central bank resigned on tuesday after just three months in the job argentina's already battered currency the peso dropped in value just after he stepped down millions held a nationwide strike to protest the country's economic crisis. two days of mourning have begun in vietnam after the sudden death of its president tran di kwang died on friday after suffering from a red virus vice president not as being named acting president becoming the country's first female leader. the russian. roman abramovich. to public security. to britain but he ran into trouble renewing it. hoping to make. an american comedian bill cosby has been jailed for up to ten sexual assault three counts of aggravated assault and. described him as a sexually violent predator. old. as i had to the people's health. china faces an extraordinary challenge of scale when it comes to its health care system reforms. of one point four billion people over half

now christine legarde is doing even bleaker picture if there is no deal so what this terrorism may do at this point well it's all very well to talk about the economics of the argument but really it's all about the politics. that is what the deal is going to succeed or fail upon is whether you mention it earlier in a series of making to invent your own palm and of the merits of the check as planned let alone in its negotiations with the e.u. and as far as christina god is concerned i notice in that comment you ran in the beginning of your report she did say that although it would be bad for the u.k. it would also be bad for the e.u. and again there is a politics versus economics that goes on as a calculation on the e.u. side as well so i think we can't purely look at this in just g.d.p. or unemployment terms although clearly that will be significant if we don't get a deal but but really if we're looking at what's going to happen and how it's going to pan out we really have to look at the politics of this and. in your opinion will it have a negative impact or is there difference between

christine legarde says her organization is close to a deal with argentina over emergency funding the governor of the country's central bank resigned on tuesday after just three months in the job argentina's already battered currency the peso dropped in value just after he stepped down. u.s. authorities have arrested a chinese citizen in chicago they have charged twenty seven year old shot couldn't with spying on behalf of beijing he's accused of trying to recruit u.s. engineers scientists and defense contractors to work for the chinese government and the american comedian bill cosby has been jailed for up to ten years for sexual assault he was found guilty of three counts of aggravated indecent assault in april the sentencing judge described him as a sexually violent predator well those were the headlines the news continues here on al-jazeera after killing the camp stage of them so much by fire. the northern cemetery. principled burial ground of the city of stock. last resting place for sweden's most celebrated citizen is. not far from alfred nobel whose famous prize is bear his name

now christine legarde is doing even bleaker picture if this is no deal so what this terrorism may do at this point well it's all very well to talk about the economics of the argument but really it's all about the politics. that is what the deal is going to succeed or fail upon is whether you mentioned it earlier in a series of making to her own parliament of the merits of the checkers plan let alone in its negotiations with the e.u. and as far as christina god is concerned i noticed in that comment you ran at the beginning of your report she did say that although it would be bad for the u.k. it would also be bad for the e.u. and again there is a politics versus economics that goes on as a calculation on the e.u. side as well so i think we can't purely look at this in just g.d.p. or unemployment terms although clearly that will be significant if we don't get a deal but but really if we're looking at what's going to happen and how it's going to pan out we really have to look at the politics of this and. in your opinion will it have a negative impact or is there difference between deal

still far from certain and that has got some pretty influential people worried the latest being christine legarde the head of the international monetary fund like god says there will be significant costs if the u.k. crashes out of the e.u. without a deal and even if there's a deal the u.k.'s economic prospects will be damaged or yourself. let me be clear compared with today's smooth single market although likely bragg's it scenarios will have costs for the u.k. economy and to a lesser extent as well for the e.u. the larger the impediments to trade in the new relationship the costlier it will be the range of issues that remains to be address is daunting as is daunting the small time left to address them. so that's with just a quick recap now on what the brags that alternatives are in fact the downing street communications team tweeted this just today it's from july seventh but it's like a reminder to resume a's so-called check his deal it is incredibly varied. and or obvious in places of the number one leaving the e.u. on the twenty ninth of march of two thousand and nineteen yes we know that the