us/china dispute whether the wto is in trouble because of us/china. another point, concerns with where things are going to the us and china and there are other concerns how the organization evolved or not. the rules we are operating under for the last -- not all of them but for the most part in 1995, agreed in 1995, this is a big driver for things like tpp that attempt to deal with a new economy and happily a lot of those rules are shared by us mca which is good. we do see a big problem in new zealand with growing subsidies. they've always been a problem the only way to deal with those is in geneva. we generally think at some point we need to come back and start to negotiate, i'm not calling for that now. a lot of things need to be done before that can happen. not just the we need new substance and new rules but the dispute settlement body, the sheer holding the thing together, needs a negotiation because contrary to what people say the wto isn't going to march into any capital and make you change your rules. you will meet change your rules because the

whether the wto is in trouble because of us/china. another point is the wto, the concern where things are going to the us and china, i think every member of the wto has its concerns with the way the organization has evolved or not. the rules we are operating under, not all of them but for the most part, since 1995, this is a big driver why you have things like tpp that attempt to deal with a new economy and happily a lot of those are shared by us mca which is good. to elisabeth bowes's point we see a problem with growing subsidies. that is always been a problem for new zealand and the only way to deal with those is in geneva so we generally think at some point we will need to come back and start to negotiate properly and i'm not calling for that now. a lot of things need to be done before that can happen but not just because we need new substance. but because the dispute settlement body, the sheer holding the thing together with negotiation, because contrary to what people say the wto isn't going to march into any capital and make you

and with that supply chain that runs through china with a drop of excellence of the us with the impact on china south korea and also on the south korean stock market the trade association estimated the full-blownbe trade war between us and china would copy a six. four drop the south korean exports and a loss of $36 million. so with this vulnerability for south korea is also mitigated by the fact and pursuant for some time and the strategy really shows itself primarily in the expensive investment and trade that is occurring in vietnam it is the number one investor and as a destination for investment with china. so really that first-round case study with the rivalry on south korean study is that issue that was a litmus test as well as a loyalty test in china south korea relations and the subsequent retaliation by china against korea for the deployment is estimated to cost south korea as much as seven.$5 billion. looking at the scope of the security cooperation to send a message that the alliance should be confined to north korea only. in the process of doing so china also suggested it sh

don't want to reject the premise of this event that the approach to the reaction isn't just to be us and china what we see coming down at us with the common nature with very small scale. >> so we have a couple so we have a series of things wrong but not just because of the us and china are having a scrap but the nature of our economy. but more generally trade restrictive and increasing disruption and growth of trade as a percent of gdp and that's what we try to do. this is a different way to put that but clearly when us and china with the number one trading partner it is in the primary impact and then you see them affected by tariffs. more importantly you see the prospect with the disruption and when you see both countries celebrating the other with the economic hardships and the idea it isn't the case of one country winning or losing you will see that across the world. and with the trading partner and with a globalized world and the final thing and how you would relate us and china without chicken and egg kind of argument know where the concerns are going not just us and china that then to re

us. and there'll be fresh talks on the thorniest issues for donald trump. claims of china'sellectual property theft and forced transfer of technology. the us and china set a deadline of three months for to resolve differences, or there'll be new escalation of tariffs. japan's finance minister has spoken to the bbc, giving us his take on the trade war. the us and china set a deadline of three months to resolve these differences, or there will be a new escalation of tariffs. japan's finance minister has spoken to the bbc, giving us his take on the trade war. translation: as for the us, half of its trade deficit is against china. 0ther its trade deficit is against china. other countries such as germany, mexico and japan, the us has a trade deficit with them as well. however, the formula of 10%, 9% or 8%, that is why china stands up. robin brant is in shanghai. so, everybody is focused on this meeting that the two presidents had. the outcome of it would seem pretty positive at this point? well, it is a ceasefire. it is a lot to take in. there are real differences in what is bein

, the crown jewel of china's tech, and meng wanzhou, the crown princess, it is hard to sort of overstate really what this means and the symbolism for what is going on between the usyou are right. there's quite a lot of face actually, face is an important thing, reputation, in china. and yes, meng wanzhou is seen as in china. and yes, meng wanzhou is seen as chinese royalty. it is the embodiment of huawei and huawei's success. and this kind of, especially as we know is coming a few days after president trump and president xijinping few days after president trump and president xi jinping seem to have moved on and we were skipping back from the brink of increase sanctions oi’ from the brink of increase sanctions oran from the brink of increase sanctions or an increased trade war between china and the us, but this is the focus on iran and this probably bothers the us president more than it does american foreign policy, is when people are doing things that he doesn't want to do. soon to be the thing that has caused this fundamental issue, and cause this very bold step of the us which can have these repercussions not only commercially but also there's reputation that t

of the week you saw the marketjump up at the hope of a trade deal with the truce on the us imposing tariffs on chinanow we saw a wobble now much more than a wobble. how do these two sides proceeds when you have a us government potentially asking for the extradition of a chinese citizen over suspicions of breaking us trade sanctions? some in washington are speculating this may lead to retaliation. these concerns company profits down the road. if there is a trade war between these two economic giants. rico will have a preview of the asia markets in just a few minutes. let's look in more detail at the arrest in canada of the top executive from the technology giant, huawei. china says meng wanzhou's arrest is a violation of her human rights and has demanded her release. she was detained in canada and faces extradition to the united states on reported accusations of violating us sanctions against iran. ms meng is huawei's chief financial officer and a daughter of the compa ny‘s founder. canandian prime ministerjustin trudeau spoke a short time ago and says his government had no involvement in the arrest.

the us—china trade truce mystery — the share market rally grinds to a halt with no word from beijing ar imports or the tariffs ceasefire. let's show you the state of play in asia. us futures indicate wall street will open lower today, however, the price of oil continues to rise ahead of the opec meeting later this week. now while the focus in recent days has been on us—china trade, donald trump's threat to slap tariffs on car imports from europe hasn't gone away. so there is intense interest in a meeting later today between top executives from three of germany's biggest carmakers and senior trump administration officials at the white house. so let's bring you some information. european manufacturers sold almost $54 billion worth of cars in the us last year, making the auto industry one of the biggest earning categories. sales in the us accounted for more than 14% of bmw and daimler sales last year, rather less for volkswagen, by some measures the world's biggest carmaker. now president trump is threatening to increase the current 2.5% tariff on eu—built cars to 25%. that compares with

worrying signs pointing to the fa ct very worrying signs pointing to the fact that the impact of the us chinach up until this point, we really haven't seen, because remember, export figures from china have really held up, showing that people are still buying from the world's second largest economy but now there are fears that each heels, if you will, of the trade war, even though we are in this 90 day negotiation period, the two sides are trying to sort this out, we are starting to see some real impact at the ground level. this is going to be very problematic for policymakers as they meet next week when they sit down to discuss their plans for the outlet, for how to solve some of china's biggest economic woes, when they sit down in beijing next week. thank you forjoining us. so china's retail sales figures were their weakest since 2003. this is the impact they had on the markets, the nick a closing down over 2% and the hang seng over 1.5%. a quick look at european markets because they have followed suit, the london market down nearly 1% and in germany, even more. let's look at what will happe

trade negotiations with the us could be resolved within the three month truce period both the us and china. the use of the potential tariff reductions sending shares of us automakers surging and the report said that china's cabinet will review the proposal to cut tariffs, so review the proposal to cut tariffs, so at this point there is no definitive as of yet. —— nothing definitive. president trump tweeted that reproductive conversations are taking place, expecting important announcements to come. this car tariff announcements to come. this car ta riff gesture announcements to come. this car tariff gesture is the latest in a series of developments this week, as china intends to resume purchases of american soy beans, with officials planning to buy between five and 8 million tons, china said it would implement reforms in the areas of science and technology and put more effort into protecting intellectual property rights. if you take a look at its recent history, because it gives investors a reason to be cautious about these reports by the march one deadline, because beijing has shown a patt

that deal, as outlined by the white house, means that us and china have agreed to refrain from imposingiffs for 90 days. that means the us holding back from january's planned increase of tariffs on more than $200 billion of chinese goods from 10% to 25%. in return, china says it will buy a "very substantial" amount of farm, energy and industrial goods, though the amount was not specified, to reduce the trade gap with the us. and there'll be fresh talks on the thorniest issues for donald trump, claims of china's intellectual property theft and forced transfer of technology. so, how has this gone down in china? 0ur correspondent robin brant is in the commercial capital shanghai. robin, is this a deal which is good enough for the chinese president to go back and sell at home? well, has certainly gained himself some time. there is now a 90 day period for negotiation between the two sides. if no successful longer term agreement is reached, then the ta riffs agreement is reached, then the tariffs are back on. what is interesting is that many elements of this deal, is essentially a ceasefire,

they were unable to confirm whether or not china was in fact going to cut the 40% tariffs on us cars was something that donald trump had tweeted on monday. confusion over that. there seems to be confusion from the white house over whether or not a trade deal could be done. donald trump saying if no deal is possible, then tariffs would come back. he called himself a tariff man. you have the treasury secretary steven mnuchin say in financial markets are trying to figure out whether or not a deal can be done. michelle fleury in new york. it is shaping up to be one of the biggest pharmaceutical takeovers in history. shareholders of japan's takeda will history. shareholders of japan's ta keda will be history. shareholders of japan's takeda will be voting whether the company can go ahead with the offer to buy the dublin —based technology firm shire. for the latest i enjoined by my colleague mariko oi. how significant is this deal if it materialises? it is massive, rico, the biggest overseas acquisition by a japanese company ever if it is confirmed. the vote will be taking place shortly and,

concerns are growing about a resumption of the trade war between the us and china. s not political. china has demanded her release. us media say the arrest is related to an investigation into possible violations of sanctions against iran. the eiffel tower and a number of museums in paris will be shut on saturday, because of fears of further street violence involving the yellow vest protest movement. the authorities say they'll deploy nearly 90,000 security personnel nationwide, as well as armoured vehicles in the capital. now on bbc news, it's time for thursday in parliament.

china. other countries such as germany, mexico and japan, the us has a trade deficit with them as well. y fall below 10%, 996 well. however, they fall below 10%, 9% or 8%. that is why china stands out. despite all of these challenges, the 620 did manage to publish something that didn't happen at the apec or asean summit last month, coming up with a communique that they all agreed on. to get the reaction from china now, robin brett joins me from shanghai. both sides are proclaiming wins from this. who is the real winner? are proclaiming wins from this. who is the realwinner? the markets like it here as well but what we have is a90 it here as well but what we have is a 90 day ceasefire. most interesting is some of the reports in china state—run media, not mentioning some of the key games for the u american pit there is no mention of this 90 day period in which negotiations are supposed to happened. no mention of the repeated threat of this 10— 25% escalation in paris if there is no successful conclusion within that 90 days. there is no mention in some of the chinese state eager of this ple

financial officer of china's top technology firm, huawei, and the daughter of its founder and president. as you have been hearing, ms meng was arrested on saturday at the request of us authorities, who want her extradited over alleged violation of sanctions against iran. the move has sparked outrage in china and rattled global markets, with investors fearing it signals a dangerous new phase in the trade war between the two economic superpowers. on thursday, key european markets were down more than 3%. the ftse 100 had its worst day since the vote to leave the eu in june 2016. in a moment, we'll be getting the view from china, but first, here's michelle fleury in new york. key west off meng wanzhou has immediately raised tensions between the china and the us at a time it seems that the relationship between the two countries was improving, after that seeming ceasefire was announced between the two countries earlier this week. it is unclear how much the country's politicians know about the events. john bolton said he was given advance notice that the white house later said that neither john bolton, and nor president trump had plans to arrest ms meng or seek extradition

we have just discussed us — china trade war, casting a dark shadow over the a0th anniversary of chinaets. the conflict has seen the presidents are giving each other fair trade practices. our china correspondent caught up with a former director—general of the world trade organization, and asking whether either of the countries is right to raise issues about how global trade system currently operates. the us are right that some of the global trade today do not disciplined enough from chinese practices. china is right that the way the us behaves in putting ta riffs way the us behaves in putting tariffs on china is not at all in line with the trade. what is the most troublesome of china's trade practices? in my view, it is the only real issue, the state—owned sector has not only stopped drinking, but increased, and inevitably, if you have one third of your economy which is under a state command, the suspicion that they are playing with subsidies, but the roughly the cost of capital is there. what is your best and worst case scenario for the trade relationship between them, let's pick numb

world news, the latest headlines: asian stock markets have recovered slightly despite fears that the us—chinaest of a senior executive of huawei. canada has defended its arrest of a top executive from the chinese technology firm on a us extradition request. the canadian prime minister said it was a legal not political decision. peace talks aimed at ending the civil war in yemen have been described by the un special envoy as an important milestone. thousands of people have died in nearly four years of fighting in the country, with millions pushed to the brink of starvation. our chief international correspondent, lyse doucet, reports from stockholm, where those talks are taking place. yemen is on its last breath. its children dying every day from hunger and disease, and a devastating war. tens of thousands of young lives have ended since this war escalated in 2015. today, a faint glimmer of hope. around a table in faraway sweden, houthi rebels and the government sitting together, for the first time in more than two years. the un got them here to talk. let us be in no doubt that yemen's future i

the slowing economy, the us china trade truce, how does this asset?re definitely more factors than just that arrest that is affecting the asian markets as they trade this friday. i mentioned about that trade truce, it feels like a long time ago but it was just last saturday when president trump and xijinping last saturday when president trump and xi jinping agreed last saturday when president trump and xijinping agreed to some kind of trade truce, sending shares higher on monday the back little collocated yesterday as the founder ‘s daughter at huawei was arrested in canada and faces extradition to the united states. her bell hearing is set for later today. let's look in more detail at the arrest in canada of the top executive from the technology giant, huawei. china says meng wanzhou's arrest is a violation of her human rights and has demanded her release. affair she was detained in canada and faces extradition to the united states on reported accusations of violating us sanctions against iran. ms meng is huawei's chief financial officer and a daught

this comes into the context of this ongoing trade spat between the us and china? indeed. e expected. we have seen the various twists and turns of the relationship between the us and china being reflected on the minds of investors out here in asia and the us. today, a specific reaction among shanghai and the hong kong markets, and in particular companies, shares in companies like z te, subject to a us banning order over security fears, shares on that company were down 8%. other chip—makers, they chinese heavyweights, another big chinese tech firm and suppliers to huawei seeing their shares falling significantly. i think the sentiment being felt across asian markets, because of the ongoing concern over what this actually means within the context of the us and china trade war. as robin pointed out, the arrest happened on december the ist as the two leaders were sad having a conversation and trying, in some way oi’ conversation and trying, in some way or another, to get on the road to recovery and get a reprieve, even though the details of the us trade deal with china still ar

but there is a more broad feeling in china, that this is quite strange. if the useriod, why would you do something so inflammatory as to arrest this huawei executive? according to some analyst we're in china, the us isn't really serious about this 90 day period, they don't actually want to solve the trade war and in fact, actually want to solve the trade war and infact, if actually want to solve the trade war and in fact, if you take this to its logical conclusion, that the trade war is not even about the trade war. what this means is is that really this is that an attempt by the us, the trump administration, or at least some people within the trump administration, to use this crisis just to wind back chinese economic and geopolitical influence is. the german company leca, has an exclusive agreement with huawei to make their cameras at. their chief executive said they are monitoring this. we are monitoring this because we are also in discussions with other companies in the smartphone business, but with huawei who are able to get a contract as they understood what w

us and in asia. the fact remains that there are no specific details in this agreement and also there is the fa ct this agreement and also there is the fact that chinaferent understandings of what the agreement actually covers. that is unnerving investors in the united states and in asia. investors in the us are seriously unnerved, trade being one of the reasons. the yield curve and what is going on with that being the other as was unravelled for us earlier in the programme. the markets have been through a torrid 2a hours. programme. the markets have been through a torrid 24 hours. we did start the day significantly lower in asia. most of the major markets are lower. some have seen gains in the last few hours that certainly be toned amongst investors, the sentiment is one of uncertainty. as you say that follows on from the us's lower close overnight and not just on the trade war. it is also on concerns of slowing economic growth in the united states. it is a very important indicator for how asian economies do as well and investors are watching the yield curve. as kim explained that so well a few minutes ago, and that will trouble the minds of many p

do so if you go and sophie shevardnadze the us china trade war seems to a bit of verdict for the time being but will the truce last while i ask robert manning former advisor to the us government and a participant of the twenty eight hundred m. attack international conference. as the global trade war between the u.s. and china is put on hold the parties stay poised for the next round in talks with the site showing any real desire for major concessions what will the washington beijing standoff leads to world powers how will it continue to trade conflict between economic giants impact on the rest of the world and chemically nomics of a military poland. robert manning great to have you with us on this program my pleasure right so after the g. twenty summit president and incredible detail with china has been right now the chinese they announced rolling back some tariffs and they're being ready for another round of talks but they're not giving any specific details out do you think the deal is really that incredible as trump says it is. despite the fact that trump said it it might be true. a

china that want to an economic divorce. i would note that. in a rare occasion jumpers actually appoint somebody to be in charge of. the us p.r. sure and because all of his advisors have demonstrated a lie has or says he wants more tariffs again china and says that trade war should be evaded and then you have peter navarro who is a trade advisor he says that be careful how deal so ultimately who decides what to do well as i say that i think that's why they appointed light hisor i think for the chinese it's been very troubling because historically our china policy there's been somebody in charge so the chinese know who to go to for example in the bush administration there was treasury secretary paulson and we had a pretty good way of managing these issues in the ministration no one's in charge and there's several different voices with different policies and still very difficult for the chinese with a first they made a deal with commerce secretary ross and then. vetoed it then they made the treasury deal with our treasury secretary and trump vetoed that so from the chinese perspective it's like what do we have to do with who we t

have been hampered by the recent downturn in us financial markets and tensions in trade between us and chinai’ow between us and china. the escalating row between washington and beijing has triggered growing concerns about the future of global free trade. but according to the asia—pacific global —— asia—pacific economic cooperation, within the block ta riffs have cooperation, within the block tariffs have fallen. there are now more free trade agreements and reforms that have made it easier to trade. alan bollard, the executive director joined trade. alan bollard, the executive directorjoined me from santiago to discuss the progress. behind the border, various government and structural reform. at the border i think progress has slowed down. some is happening. a lot of things going on. but of course we have seen more tariff build—up. on. but of course we have seen more tariff build-up. the general trend for tariffs has been on the downward trend, but agriculture is one area where tariffs are still high. why is that so? agriculture has been difficult for a number of economies to get in and liber

the market or institute for china in studies that thank you so much for being here in person with us china has come a long way in four decades and i think that's an understatement i mean the progress has been staggering to say the least what struck you about president she's speech today two things first of all as the previous segment just said he was defiant but at the same time is quite cautious so you would think that after forty years of the so-called reform again agenda it would offer new concrete reforms which he didn't instead he was he'll reasserted the needs the socialist core values and he was generally quite careful i think so i think this in a way it shows that he's on the pressure from the inside to show that to show a strong side to the outside world but i do think at the same time he's is pressured and it's hard to make more reforms of this moment right so they're sticking to their policies they're not changing course for the moment judging by this by this speech today now of course there was that stark warning that the president issued there you know basically saying you kno

concerns are growing about a resumption of the trade war between the us and china. i on a us extradition request. prime minister truedeu says it was not political. china has demanded her release. us media say the arrest is related to an investigation into possible violations of sanctions against iran. at the start of the first yemen peace talks in two years, the un envoy for the country has called the meeting a critical opportunity to give momentum to peace. the government and the houthi rebels have agreed to a limited prisoner exchange. now on bbc news, panorama. tonight... 0n the trail of a businessman whose rip—offs have gone unnoticed for years. were you ever there to help the clubs, orjust yourself? he has made millions of pounds kicking communities when they are down. how would you describe what has happened? a distraction. they offer you hopes and dreams, then take it away. social clubs, sports clubs, working men's clubs. it is systematic and has been repeated time and time again. across england and wales they say they have been dealt a bad hand. they have bee

china. let's go to our asia business hub where mariko 0i is following the story. tell usecause we know this brand extremely well in the uk but we may not understand its links to asia. indeed, sally. store closure that you mentioned of 40, thatis closure that you mentioned of 40, that is in addition to 40 stores that is in addition to 40 stores that have already been shut since 2015. there will only be 120 stores over the country. the link to asia is that the retailer is owned by malaysia's nui group, which bought it 20 years ago after its failed expansion in the us sought its share price collapse in the late 90s. and the ui will have a new boss in the new year and he emphasises that it is expanding the remaining uk stores, but as you say, its focus is really shifting towards asia, they actually have a regional office in singapore which focuses solely on e—commerce into china with the company hopes to open physical stores as well. analysts say the firms e—commerce operations globally are not up to standard and critics say the brand has failed to stay releva nt. say the bra

china continues. shoppers and factories feeling the squeeze from a weakening global economy and the trade war with the us. and on the markets, asian shares tumbling as those economic figures from china come in much weaker than many were expecting — raising fears about the extent of the damage being done by that us china trade war. we start with brexit — because as you have been hearing — eu leaders meeting in brussels have refused to renegotiate britain's withdrawal agreement following talks with theresa may. they have though offered reassurances about the controversial irish backstop plan — which critics say could keep the uk tied to eu rules indefinitely. but is it enough to get britain's parliament to support the deal? on thursday uk business groups warned of the damage being done to the economy by the ongoing uncertainty. despite the vote to leave the eu in 2016, foreign investment into the uk hit a record high of $1.69 trillion last year. that was certainly helped by a fall in the pound making uk assets cheaper. but there are increasing warning signs this year. between april and june, uk companies c

its finance chief is arrested over alleged iran sanctions—busting, threatening to inflame us—china tradesions even further. plus: higher prices in the pipeline. opec set to cut oil production to pump up the cost of crude, despite warnings from president trump. and, on the markets, asian shares and us futures tumble on the arrest of huawei's finance chief. the us was closed for the funeral of president george hw bush. we start in canada, where there is yet more controversy around chinese telecom giant huawei. the global chief financial officer, meng wanzhou, has been arrested at the request of us authorities, and now faces extradition there, on suspicion she has violated american sanctions on iran. the company has said it is not aware of any wrongdoing, but it is certain to further inflame trade tensions between china and the us, as dave lee in san francisco explains. there is going to be a hearing on friday in canada, and that would essentially see ms meng extradited to the us. we understand she faces charges that she violated us sanctions with iran. we have known for some time that the

limited uncertainty over the us china trade deal casting a shadow over the economy that was a bright spot for the administration. joining us now trumps top white house economic advisor larry kudlow. welcome back to "fox news sunday".we >> thank you chris. appreciate it. chris: in july president trump and john kelly remain on the job through 2020. now he says kelly is20 out as one of the topto a few white house staffers. what happened? >> it has been a long two years for the chief. he ran homeland security and running the white house staff i think he has been a very good chief it is not an easy thing to do. general kelly is a remarkable t patriot has been given for non- loan - - phenomenal service perhaps it's time for arrest. president trump had wonderful things to say and i can hardly concur so it's time topp move o. chris: did he resign or was he pushed out? >> i don't know to be perfect one - - perfectly honest. it is amicable that's what i understand. i have been in so many meetings in my tenure i think they did get along everybody has disagreements that's the way life works.on fi

said it for me it's like an analogy as if bill gates was arrested in china for breaching chinese trade trolls surely it would make the us give more concessions to china if that were to happen i feel like why do americans think they can strongarm ragingly that. well she wasn't arrested the way the chinese are picked up canadians in retaliation she was. she was taken into custody because of sanctions violations in terms of. fraud weiwei conducted in doing business with the wrong through a subsidy i read i can't just like stop for a second to note is that companies like ericsson and samsung call so south to iran are being sanctioned and people are being arrested from them i mean this is hardly it's only over used to support a cool thing because you know the prosecution is very selective. i think we've sanctioned a lot of other countries. but i'm talking about companies i just gave you two examples some broad areas they're selling iraq i think wawa has a problem not just with the united states over the past several months they've been rejected in the u.k. in. new zealand australia japan is now in the process of thinking of.

problematic in terms of international relationships and our objective with china not to excuse the chinese but they don't exempt us from that obligation to have a strategy. >> there is something different not just where you could argue dumping on the world markets that china seems to follow a fundamentally different economic model. >> china has grown spectacularly they have developed more sophistication. but if we are to suppose tremendous success of a company like ali baba is a reflection then that's just not right. >> so that challenge that is posed to us in artificial intelligence primarily because they cheated is wrong if the reason china has grown more rapidly and longer is per my one - - primarily about cheating that would be wrong to we in the united states need to be very clear we are entitled and we are right to reject chinese cheating and a violation of the rules and rules that don't cover unfair practices we are right to be against d that but when our position is that china is not allowed to succeed because it's wrong for them to succeed that is an untenable position for us politically and economically

world focus once again and trade discussions between the us and trade discussions between the us and chinait's been another rollercoaster ride for investors in the last 2a hours. certainly, it here in london and in europe, we have seen the pound moving ina europe, we have seen the pound moving in a volatile way, every twist and turn in either direction as we get more news about the chaos and turmoil within westminster. if we just show you what happened since the rumours of a confidence vote in the prime minister began to emerge late on tuesday. those reports saw sterling plunge to a 20 month low, but you can see the scale of the recovery, as traders decided she was likely to win the vote. now, some of those gains evaporated once the vote numbers were announced and the scale of the rebellion became clear. but still, the pound ending the day up 1.2% — its best day for six weeks. the let's talk about the markets in a broader sense. of course, the markets that are trading right now and have been trading since we got that news in a in the asia—pacific region. let's go to singapore, where mariko

the first, fears that there is no trade truce between the us and china in this trade war. with a lumpy thing called the yield curve. an indicator that is correctly predicted every single us recession. the idea is that we see this yield curve starting to flatten. that is not so bad. it is when it converts, that signals that a recession will happen in the next year. the idea is that this measures the difference between ten year treasury bond and the two year treasury bond. if investors are willing to get compensated less for waiting longer, that shows that they are scared about what may happen in the future. for many people around the world, they wonder how a recession in the us is civil. the us economy has been surging ahead and president trump has been hailing the fact that it has been hailing the fact that it has grown and grown. the markets have been extremely turbulent, however for several months. why do we think we may see a recession.“ it comes, the recession will not happen in the next three months. investors are worried it could happen sometime maybe around 2020. wh

as a problem in accepting the rise of china no matter what they do i think a lot of people in the us some money the status quo is eternal designs and what is america's end goal and the south china region and south china sea. well you know on the chinese are the ones who signed the law the sea treaty and then decided to interpret it kind of on our card sort of basis and you know they pledged to obama that they wouldn't alter ised the south china sea and they've built i was series of military bases building up to spirit eyelets i think it. i think the u.s. and china both have a problem that neither side has answered what i see as two basic questions i will shape the future of the chinese assumption is the u.s. is now a liar and then eventually leave and they're positioning themselves to be a dominant power in the region the u.s. seems to think that its network of alliances and presence in the region. which is only been there for the last seventy years if you think about the last five thousand years of asian history there have been three different kinds of security systems for a long tim

the week began with a worldwide sigh of relief at a potential cease fire in the us china trade war but it wasn't long until washington and its canadian allies crashed the party this arrest can be used as a leverage in negotiations on trade with china it asserts that between two thousand and nine and two thousand and fourteen hallway used a shell company called sky com to break u.s. sanction laws around exports to iran this is a message from the united states a warning shot action typically reserved for drug lords and arms dealers not corporate executives men one jews the c.f.o. and daughter of the c.e.o. at wal way one of the world's largest consumer electronics companies so why target her while the company has been on the u.s. is hit list since twenty twelve mostly for allegedly stealing american technology and this time canada says one jew is being extradited to face charges of fraud in trying to swerve around u.s. sanctions on iran but the company claims it follows all the rules and the chinese foreign ministry had fighting words for the west calling the move extremely disgusting un

justice department uses china economic espionage charges to chinese nationals as the trade war between the two economic superpowers opens a new frocks and how a hand sized mollusk provides a billion dollars line for struggling regions. of the program the price of french crude recovered slightly on friday after having slipped to its lowest level in fifteen months earlier oil prices have been steadily sliding for weeks dropping more than twenty five dollars since the beginning of october when they were hovering around eighty dollars investors had hoped to supply cuts from opec or prop up prices of the cartel of oil producing countries is finding that easier said than done. earlier this month oil cartel opec and its partner countries agreed to cut production to one point two million barrels a day from january. to reduce supply and boost prices the price of a barrel of bread has been dragged down by a combination of factors the global macro economic outlook isn't shining on the oil industry and this week's rate hike from the u.s. federal reserve has exacerbated investor fears of an economi

but the us, trump will also go home and basically say well, china has agreed to buy more products fromricultural products, so the farmers... he... inaudible his core supporters will average this. both sides will declare this win. it is a temporary truce, isn't it? 90 days does not seem like much time to work through a lot of the structural changes that the us is demanding of china, including things like intellectual property and technology. so what will they come away with in terms of going forward? that is the interesting part, because this declaration does not really come up with any details, what the us are expecting to come up with, the specific ones in terms of how much they want the chinese to do and the timeline, and will china be up to that? and i guess those details will probably be announced gradually over the next three months, but i do not think any agreement as such, and especially not that china will see any meaningful reform progress as three months are just too short. but if they both do try to meet each other in the middle within the next few months, they could easily

the trade dispute between china and the us seems to cool off us china lifts some of its punitive tariffs on us products we'll tell you why the markets are still in the red. and spain revives its solar power industry after years of struggle will take a look at the floor of solar sector it's time for business on the w m how yet again us welcome to the program the trade dispute between china and the u.s. seems to be cooling off a little bit beijing is suspending punitive tariffs on american made cars and announced a big purchase of u.s. soybeans in what sounds like a conciliatory tone the chinese finance ministry says it hopes china and the u.s. will progress quickly and its negotiations to lift all additional tariffs on each other's goods chinese consumers will soon be able to afford cars from the u.s. again. beijing is reducing current import duties on u.s. vehicles from forty to fifteen percent tariffs will also disappear for a number of other u.s. products the regulations apply to the first three months of two thousand nine hundred nineteen agricultural products energy automobiles excep