that is on percent against the us dollar. that isona percent against the us dollar.t is on a report that the uk government has struck a deal with the european union that could give british financial services continued access to the block after brexit. according to a london newspaper, the times, citing government sources, negotiators in london and brussels have reached a tentative agreement on all aspects of the huge partnership on services as well as exchange of data. you can see the euro trading firms. investors will be hoping for a positive start to this brand—new month of november, after a brutal october thank equities, with one of the worst drops since the 2008 financial crisis. let's take a look at those markets and how they are trading. as it can see, the nikkei is down i%. a shrill in markets fairly flat and we are waiting for hong kong to open. —— australian market. this, despite a bounce in wall street prices yesterday, the october slump has wiped out those of this year ‘s gains as well. the dow and the s&p 500 both essentially where they started the years.

experts say they could face difficulty as the us bars india from paying for this oil in us dollars. t multilateral, like the last sanctions. nevertheless, the us is putting a lot of pressure on countries, and because of the dollar payment system, it's what makes the sanctions work. the indian government is in a tight spot. even as the global crude prices soften, high taxes on fuel have kept the costs up, and that has spooked prices as well because a majority of the commodities are transported by roads here. last month, the government did cut a part of the fuel taxes, but that was at the cost of their own annual revenues. so if there's any further disruption in the oil supply, prime minister narendra mohdi's administration will have very limited options, just months away from general elections. now, let's brief you on some other business stories. ryanair is changing its baggage policies from today, meaning passengers who want to take anything more than a small bag on board must now pay. only those paying about $7 for priority boarding will be able to take a small suitcase of up to 10k

this will definitely bypassed the us dollar as a major foreign exchange system between the indians and, and the russians and the americans? that is correct, because what russia is hoping for is that if the us rhetoric grows, then at least defence deals weatherzone allies will not be threatened. that is what the bankers today are hoping to find jimmy system with what could happen. devina gupta in delhi. it is widely known as original bad boy share. marco pierre white was the youngest to receive three michelin stars, only to return in four years later. let's see his story as he opened his restau ra nt let's see his story as he opened his restaurant in singapore. number one, it is an environment to use it in. the lighting, the eye must be used. number two, the service with a smile. number three, food to a good standard at a price point. it is remembered that we are not in the business of selling gastronomy. where in the business of selling a night out, in the business of selling fun. it is in when everywhere so hard and we have stress our life, we go to a restau ra nt stress our life, we

it is not moving against the us dollar or the euro.no—deal brexit sterling could fall against the us dollar. if they get a deal it will shoot up. david ko from the motley fool. leaders are here for the meeting of the association of these they are —— southeast asian nations, asean, and sharanjit leyl told southeast asian nations, asean, and shara njit leyl told us southeast asian nations, asean, and sharanjit leyl told us what on the agenda. these world leaders have gathered here for the asean and east asian summits, of course as you mentioned those leaders of india, china, russia, they are all meeting their south—east asian counterpart in the conference centre right behind me here. in fact, in the conference centre right behind me here. infact, rico, we saw the chinese motorcade arriving. iand assuming saw the chinese motorcade arriving. i and assuming it contained china's literature, india's narendra modi, they are all speaking with south—east asian counterparts around a host of topics, we have security in the south china sea, the roh

dollars. now to shed a little bit more light on this my colleague miles or of a column is here with us in the studio malta two point six million dollars where's this money go and it funds the candidates campaigns quite simply speaking it goes to both the democratic and republican candidates as we've heard german corporate money this year. mostly to republican candidates fifty nine percent of the money. and essentially companies are putting the money where they think it will benefit them in the future take the example of t. pac or the dutch a telecom which owns mobile in the u.s. they for instance gave ten thousand dollars to greg walden who chairs the committee that oversees tele telecommunications so you can see that that's obviously quite a link between the business and what this man is doing in politics and this is where this money is going so we know that american companies of course contribute to elections it sounds like what you're telling me it sounds like exactly what american companies do is there any difference why are german companies contributing in u.s. elections actually that's n

time if for any pressures on iran isn't it sir is the us using the reserve currency status of the us dollar as a weapon when it comes to iran well i mean go are many different weapons if you want to act consider that u.s. is using at against iran but what is more very important is that all of these countries that are importing oil from iran none of them are going to get any types of currency back to iran and iran can only import humanitarian goods or necessary goods those moves that are not subject to sanctions back to iran so they're kind of bartering their oil for food or medicine and are necessary goods as you said the chess game is is far from complete here all these sanctions from the u.s. point of view go to work. they fail iran seems to be fairly confident that it can withstand these sanctions if they do fail from an american point of view does that signal that the dollar can no longer be used as a foreign policy weapon. yes i agree with your question because now we have european union that they are coming up with a specific channels of trade with iran banking transaction with iran a

we have no goal of moving away from the dollar it's the dollar that's moving away from us. those making such decisions are not shooting themselves in the foot but somewhere more delicate further up the body because this instability when it comes to doing business with the dollar gives rise to a desire and it's happening all around the world to find alternative reserve currencies you can create a financial system independent from the dollar. so what else is there to do but create new trade systems that work away from the u.s. currency and that's exactly what russia has decided to facilitate with its trade partners commencing at the tenth annual russia calling investment for initiative in moscow putin has confirmed that russia along with some partners is working on payment systems independent of swift now if you're thinking russia is acting like a rebel without legitimate cause then understand that this is actually not a row. evolutionary idea a similar one was floated by german foreign minister how come last in august when he called for a european alternative to swift that ca

forging links with regional leaders at a time when relations between china and the us remained tense. billions of dollarsigned as president duterte's administration pretty much ignores us warnings about accepting chinese cash, or what vice president mike pence has called a deft diplomacy. even before president xi's expected arrival there were hundreds of protesters descending on the chinese embassy in manila chanting that the philippines is not for sale and is yet more deals are expected to be signed, everything from infrastructure, to trade to security, investment pledges from china had yet to materialise from two years ago, $24 billion in investments promises was made when president duterte visited china a few years ago but few projects have got off the ground. thank you. an interesting trip on the part of president xi. these are markets in asia and on wall street the night before, not a pretty picture. the big losers are the huge names in technology like apple, facebook and all those companies which are being sold off rather heavily, which followed through to the session in asia with lots of supplies

the melbourne—based miner has already paid 239 million us dollars of that.got the green light from its shareholders to merge with television network nine entertainment in a massive shake—up of the nation's media industry. fairfax shareholders gave "overwhelming" support for the multi—billion dollar merger. the deal was possible after australia relaxed its media ownership laws last year. the uk government has welcomed plans by a french communications firm to build two new satellites in the uk. eutelsat is expected to sign a contract with airbus today, worth 218 million dollars, to make the satellites at factories in portsmouth and stevenage. now to india, where the government is putting pressure on the central bank to keep lower reserves and relax lending rules ahead of an election year. this would release funds that the government could spend on programmes that shore up its popularity, but an independent reserve bank of india is crucial for investor confidence. first sameer hashmi is in delhi... we have to say, this is a report, just clarify what is happenin

at the same time, the rupee fell against the us dollar. divina gupta joins us from delhi.elhi. what does this actually tell us about the state of the indian economy? well, it's a bittersweet piece of news for the indian economy because on one hand, when the middle—class is welcoming the much—needed relief in food prices, which has cut down the household food budget, this will also mean the central bank would then hold of on the hike of rates with the bank, that means the auto and home loans would, for now, not be hiked. 0n the other side, for oral india, which employs the majority of the indian population, farmers are hit by the low food prices —— rural. the indian government is concerned because rural vote rs government is concerned because rural voters are not happy with the ruling government, and that means as the country goes into election next year, there could be some backlash. also on the other side, the worry is about the weakening repeat and the recent announcement by saudi arabia to cut off the oil production, which means for a country importing 80% of its energy

a city where social divides us dollar. home to extreme wealth and extreme poverty. with bob while keeping the classes of politics. three thousand and sixty minutes long d.w. . her first day of school and. her first claim lesson. and then doris grand moment arrives join the oregano tang on her journey back. in our interactive dungeon entry door on entering it in returns home. lots of it. surely screw africa. your link to exceptional stories and discussion. of easy ally a website dedicated to join us on facebook doubling up for guy. playing. alone welcome to drive with an e w motor magazine coming up world premiere in amsterdam as we w. unveils the new t. crops. french s.u.v. that's the schick b.d.'s seven cross back and the one that.

present police about the area have raided a printing workshop that was making high quality fake us dollar about notes during the operation offices seized a fake one hundred dollar bills in various stages of completion with a face value of more than one point three million dollars the inseams may force notes extremely difficult to recognize the interior ministry said three suspects were taken into custody just last month or it is dismantled another illegal. printing albrighton and c's concert fed to you i'm. worth more than fourteen million dollars. from me i'm a business to. facebook twitter feeds that's watching. me. makes me. not stink shop. manager. staring at me speechless such women. yes again frank. good news w a. mysterious cinco. on the shores of the dead sea. thousands of them have appeared with more coming every day. israeli researchers have learned to predict the perilous things. now they're working on an early warning system for single. tomorrow today in sixty minutes on d w. they make a commitment. they find solutions. they inspire. africa on the move. stories about people in

trading in local currency instead of the us dollars.bsidies that people are yet to see the impact of these changes on their lives. we will look at the regional press in iran in about ten minutes. china's president xijinping has vowed to speed up moves to open up the country to foreign business and to boost imports. he was speaking at the start of an major import fair in shanghai. robin brantjoins us from shanghai. he once the sound bullish but what is the mood at this fair? well, if you are in the chinese government you are in the chinese government you would be hugely optimistic in the coming five days because xi jinping conceived of these idea and it is going to be successful. provincial government and state link companies and will together to put in billion—dollar orders. it is to show the world but particularly the white house that china wants to spend more on imports, wants to buy more from foreign companies and that is that wikileaks important as this trade will appease the escalating. —— particularly. but there are no high—level

at a luxury hotel in venezuela's capital a small store which accept us dollars it's amply stocked shelves offer goods ranging from fine wines to imported baby formula in stark contrast to the nation's barren supermarkets in a country where the local currency is practically worthless before it even leaves the bank prices only remain steady in stores which take foreign currency. this is what you call a de facto dollarization process where a society abandons its own currency and adopts another one as a substitute this could be a defacto dollarization applied to the entire economy which is going to oblige the venezuelan government to adapt to what the society has already decided in a spontaneous manner. the clientele of these dollar stores or body gone is primarily well heeled venezuelans like doctors and lawyers who themselves only accept payment in u.s. dollars. but prices are out of reach for those living on bali based salaries in august nicolas maduro his government lifted a fifteen year prohibition on the free exchange of hard currency but the body go in is operate in a legal gray area a

months those risks have been played out on financial market, with the pound fluctuating against the us dollary to work out what brexit will mean for the future of the british economy. because london is still a crucial globalfinancial because london is still a crucial global financial hub, that last report warned of growing international risk. we had issues like chinese debt levels, uncertainties in italy and the us china trade war, none of which has been resolved. we will see what the latest report says about the impact on the rest of the world. meanwhile, a separate report will also be laying out the economic impact of a range of different brexit scenarios. it may give us some ideas of how realistic it thinks that the independent 0ffice realistic it thinks that the independent office for budget responsibility was in forecasting growth of 1.6% for next year. thanks for that, we will watch those reports when they come out. an alarming new report suggests that rising levels of nearsightedness amongst children, particularly in asia, is set to be an issue for cause of blindness studied researcher

there is also the strength of the us dollar, how much will that hurt american companies train to competelle in new york for is explaining what is happening on wall street. let's go to our asia business hub now where sharanjit leyl has been keeping a keen eye on those asian markets. talking about some of the issues the night before we saw some serious declines for some asian stocks. absolutely. the asian markets were following on from the us. the tokyo market dropped well over 3% earlier. it seems to have given back some of those losses now howeverjust like the us, those concerns over apple suppliers have hit asian mark suppliers have hit asian mark suppliers —— markets as well and there has been a big sell—off in tech companies, some diving well over 8%. taiwanese suppliers of the iphone a deep in the red. oil prices we re iphone a deep in the red. oil prices were mentioned earlier, they were the other reason for falls hitting energy and resource stocks in the region, particularly in australia. oil is still hovering near multi— month lows after declining for an 11th straight session. and

he is accused of understating his income by 5 billion yen over five years, about 44 million us dollarsd according to the carmaker nissan, allegations of mr ghosn‘s areas misconduct fall into three areas. firstly, he allegedly misrepresented his pay in the report to the tokyo stock exchange, and also the purpose of spending the compa ny‘s exchange, and also the purpose of spending the company's investment. he is accused of using the company's assets for his personal use. this all comes from the company's whistleblower programme, which was set upa whistleblower programme, which was set up a few months ago, and since then, the company has been investigating him and another executive before making the announcement last night. and he is the brains and the architects of this nissan — mitsubishi— renault alliance. what's going to happen? that's the interesting question because his sudden departure has highlighted the complex structure of the alliance. renault owns 43% of nissan, while nissan only holds 15% of renault, and the french government also holds 15% of that as well, and nissan also h

that time if for any pressures iran is needed so is the us using the reserve currency status of the us dollar as a weapon when it comes to iran well i mean there are many different weapons if you want to act and sit there and us is using at against iran but what is more very important is that all of these countries that are importing oil from iran none of them are going to get any types of currency back to iran and iran can only import humanitarian goods or this is very good as those moves that are not subject to sanctions back to iran so they're kind of bartering their oil for food or medicine or necessary goods but you said the chess game is is far from complete here all these sanctions from the u.s. point of view go to work or will they they fail iran seems to be fairly confident that it can withstand these sanctions if they do fail from an american point of view does that signal that the dollar can no longer be used as a foreign policy weapon. yes i agree with your question because now we have european union that they are coming up with specific channels of trade with iran banking transac

the pound has fluctuated in that time against the us dollar as investors try to work out what brexit for the future of the british economy. meanwhile, the last report in may warned of growing international risks for the uk economy, some of which have increased in the intervening period, such as high levels of chinese debt, uncertainty over the italian economy, and us tariffs on trade. a separate bank of england report will lay out the economic impact of a range of different brexit scenarios, and may give us some idea of how realistic it thinks the independent office of budget responsibility was in forecasting growth of 1.6% for next year. michelle mcgrade, chief investment officer and executive director, m&g securities, joins me now. good morning. so for those who want to know this kind of information, is the financial services sector ready? how will the uk manage? today the day to get stuck in, isn't it? yes, it definitely is. there will be lots of reports out later today, the bank of reports out later today, the bank of england and the treasury select committee, so it will be inter

reality has lost more than two thirds of its value over the past twelve months in relation to the us dollar. devaluation of the currency threatens my existence other people's existence the psychological pressure means people queue up to buy dollars to be on the software side. now that u.s. sanctions are enforced the situation is likely to deteriorate further. high prices have also put medicine out of reach for many. prices for medicine have changed a lot maybe eighty percent i can't buy my own medicine anymore i haven't taken it in two months. some are angry at the us of this at their own government. we've never really lived without sanctions we don't even know what it feels like or whether our lives would improve then and that is thanks to our own government not the better try to go to the motor city. facing economic isolation terror and has pledged to overcome the sanctions it says the measures and fair and illegal for that heritage and we are in a situation of economic war. fronting up the bullying enemy yesterday we faced saddam hussein today we face trump there's no difference. the vic

in 2017, alibaba earned a record 116.2 billion yuan or 25 billion us dollars on that day a loan.ney every year. but shoppers are notjust handing over their dollars, singles day might well be alibaba's biggest data collection event of the year too. take one of the most popular shopping apps for example, monitoring notjust shopping apps for example, monitoring not just what you shopping apps for example, monitoring notjust what you buy but what pages you view, what you bookmark, and uses artificial intelligence to predict what you are most likely to buy. alibaba says it does this to tailor its recommendations to you so you have a better shopping experience. and what it is doing is pretty common in e—commerce, just like other sites like amazon, they are doing it as well, but when it comes to alibaba it is doing it on a whole other scale. over 600 million people are using alibaba's scale. over 600 million people are using aliba ba's retail sites scale. over 600 million people are using alibaba's retail sites and applications and millions more are using the other businesses like finan

in other business news, the pound has risen against the us dollar and the euro amid growing optimismto being agreed. it came after a significant breakthrough in talks between the uk and eu officials with a draft text ofa and eu officials with a draft text of a divorce deal agreed. 0thers and eu officials with a draft text of a divorce deal agreed. others are warning the sterling's rally could be short lived. from baby kangaroos to tiny possums, vets in australia regularly see injured native wildlife that need help to survive. what started as a desire to have —— how those animals has created a business idea. we have been to adelaide to find out more. a1 in, if you don't like cute animals, look away now. —— a warning. it is baby formula for specialised animals. at the time, there was really no suitable products for these animals. these animals are effectively were being fed cow's milk and because they're particularly being fed cow's milk and because they‘ re particularly intolerant being fed cow's milk and because they're particularly intolerant of lactose, it may be caring for these a

sterling is also trading against the other big cross rate, the us dollar, based on what victoria saidher. sterling has been down from about 20% in 2014. whether it will go lower in the next month, it will probably be driven by politics rather than economics. we will get an update at 9:30am and i'm sure everybody is on tenterhooks waiting for the gdp forecast. does that have the potential to move the pound today? not really. we know what will happen largely. it will be 0.6% on quarter growth and that will tell you that there was a decent period of time for the uk economy in the summer but what will be more interesting is the monthly growth which might be 0.1% which suggest since the warm weather of the british summer you have seen growth slowing down and that is the worry in the second half of the year that the momentum we thought we had has just petered out. we will talk about social media bit later on. you are not glued to your phone? i think i see a smart watch instead. still to come. what will those us midterm reuslts mean for markets? we get analysis. you're with business live fro

dollar would be totally abandoned when i was definitely lead to a more than a single currency being used in some of the major transactions well don't forget the design a dollar we have already got the euro and the british pound i think that in the future we're going to see the really. one grow and not too distant future the importance of the remember could well match that of the at least the. all the euro and. well overtake the japanese yen but there's the this doesn't mean that it's going to unseat the dominance of the us dollar anytime soon it would take many many many years. astonishing numbers of weapons are going to islamic state in syria and iraq that's according to a new draft report to be tabled to the parliament speaking at the debate on tuesday no makers have already expressed their anger. explored skip feeling conflicts and are told to mass migrations of human rights a snap shot approach delivers policy countries need to share their interpretation of arms control's rules because currently we see member states failing to even make full submissions the draft by jim an emmy paisa

with the pound, and it is tumbling down against world currencies, such as the japanese yen and the us dollar uk government is in crisis over the uk government is in crisis over the brexit agreement with the european union. in the face of a series of ministers resigning and the threat of a no—confidence vote, prime minister theresa may promised to get a deal signed off in brussels and put it to mps in parliament. one of my cricket heroes was always geoffrey boycott and what did you know about him? he stuck to it and he got the runs in the end. for more, iam he got the runs in the end. for more, i am joined he got the runs in the end. for more, iamjoined by he got the runs in the end. for more, i am joined by mariko. he got the runs in the end. for more, iamjoined by mariko. how he got the runs in the end. for more, i am joined by mariko. how is it faring? it is not doing well at all. as we both know, uncertainty is something markets don't like. that is exactly what we have got. let me show you this chart, which really shows how the pound fell sharply as ministers announced the resignation. bu

mercantile ization and there's an enemy no cooperation to me all for against all the right and the us dollar sitting there with like shooting blanks that the u.s. dollar is like bang bang bang nothing coming up with confetti and china and russia they're like ha ha ha ha ha we've got all the gold ha ha ha ha ha well much more coming your way after the break don't go away. or. join me every thursday on the alex salmond show and i'll be speaking to guest of the world of politics school business i'm showbusiness oh so you have. relationship banks butts recommend trouble couples to keep talking to each other this advice would also apply to president putin and president trump on the eve of the second meeting is it enough to pull the u.s. russia relationship out of crisis. i've been saying the numbers mean something they matter us of that with one trillion dollars in debt more than ten white collar crimes happen each dish. eighty five percent of global wealth if you want to be ultra rich eight point six percent market saw thirty percent from august last year home with four hundred to five hundred t

that time if for any pressures iran is needed so is the us using the reserve currency status of the us dollar as a weapon when it comes to iran well i mean there are many different weapons if you want to act and sit there and u.s. is using at against iran but what is more very important is that all of these countries that are importing oil from iran none of them are going to get any types of currency back to iran and iran can only import humanitarian goods or this is where it goes those moves that are not subject to sanctions back to iran so they're kind of bartering their oil for food or medicine or necessary goods but you said the chess game is is far from complete here all these sanctions from the u.s. point of view go to work or will they they fail iran seems to be fairly confident that it can withstand these sanctions if they do fail from an american point of view does that signal that the dollar can no longer be used as a foreign policy weapon yes i agree with your question because now we have european union that they are coming up with as specific channels of trade would be iran bankin

which on our list under a little told us that the use of the u.s. dollar in trade between asian countries will decline years to come. i don't think it's the likely to lead to the station as such. in the sense that you would be totally abandoned when i was definitely a more than a single currency being used in some of the major transactions don't forget the design a dollar we have already got the euro. and. i think that in the future we're going to see the remember. and want morton. and they're not too distant future the importance of the remember could well match that of the at least the british are all the. well over to the japanese yen but then there's this doesn't mean that it's going to unseat the dominance of the us dollar anytime soon it would hit many many many years. the us democratic party is reportedly planning to hit president trump with eighty five investigations the party will take control of the house of representatives in january after last week's midterm election. there is going to have to be investigation if the democrats do take the house

i've been saying the numbers mean something they matter to us as a rich one trillion dollars in debt more than ten white collar crimes happen each day. eighty five percent of the global wealth you longs to the ultra rich eight point six percent market saw thirty percent rise last year some with four hundred to five hundred trade per second per second and bitcoin rose to twenty thousand dollars. china is building a two point one billion dollar a i industrial park but don't let the numbers overwhelm. the only number you need to remember is one one business shows you can afford to miss the one and only boom but. there's no embolden around the break here in rwanda to know why says terrorists from. bad memories. twenty four years ago this country's soul a real hand in the world. after the genocide there a mom women in rwanda that man. fell to women to fix what the men had broken. join me every thursday on the alex salmond show and i'll be speaking to guest of the world of politics small business i'm show business i'll see that. you know world of big partisan. lot and conspiracy it's time

dollar would be totally abandoned when i was definitely lead to a more than a single currency being used in some of the major transactions but don't forget the design a dollar we have already got the euro and the british pound i think that in the future we are going to see the remember. and want more than one row and not too distant future the importance of the remember could well match that of the at least the british are all the euro. and could well overtake the japanese yen but then look this doesn't mean that it's going to unseat the dominance of the us dollar anytime soon it would hit many many many years. record numbers of french police officers are committing suicide the latest victim a prominent campaigner for officer welfare. reports from paris. well there's shock here in france because this individual is seen as being or having been a leading voice in the protests in the movement of police against the attacks that offices have been going over the last few years she was a woman called maggie and she was actually the founder of that movement now the reports here in front suggest

russian president was clear about the state of traditional global trading and the association with the us dollar now is the time for innovation and change and you see you we have no goal of moving away from the dollar is the dollar that's moving away from us. making such decisions are not shooting themselves in the foot but somewhere more delicate further up the body because this instability when it comes to doing business with the dollar gives rise to a desire and it's happening all around the world to find alternative reserve currencies and create a financial system independent from the dollar. to shoot action and consequence traumas mantra of america first is now embedded in our minds and economically there was always bound to be a backlash as president of the united states i will always put america first we put on tariffs or two hundred fifty billion dollars worth of goods and we have another two hundred sixty seven billion to go if we want to it's all about me very simple it's america first which partners hasn't he ruffled up china and europe but surely it's time for an alternative and one

including where is apparently in most of them but what we drop of them are the normal in us dollar. and that's why the us can capitalize on on their currently dominant sanctions on various countries. but there is no doubt that. countries for example or even the oil producing countries are seeing this threat from the united states. increasing the contra. concluding oil deals with china for example using the women. so the if this carries on remember it will gain international. acceptance more and more but this is unlike the district and the dominance of the u.s. dollar any time soon because there was a huge gap between the. global. dominance of of of the u.s. dollar and that of the room and bit but he remembers pass catching up even here in the thoughts of andrew international an independent china strategist andrew thank you. thank you. and to other news now record numbers of french police officers committing suicide with the latest victim a prominent campaigner for office so welfare. has more from paris well there's shock in france because this individual is seen. is being or having

russian president was clear about the state of traditional global trading and the association with the us dollar now is the time for innovation and change and you see you have no goal of moving away from the dollar is the dollar that's moving away from us. making such decisions are not shooting themselves in the foot but somewhere more delicate further up the body because this instability when it comes to doing business with the dollar gives rise to a desire and it's happening all around the world to find alternative reserve currencies and create a financial system independent from the dollar. should put in has confirmed that russia along with some partners is working on payment systems independent of swift now if you're thinking russia is acting like a rebel without legitimate cause then understand that this is actually not a revolutionary idea thomas mantra of america first america first is now imbedded in our minds and economically there was always bound to be a backlash one of the innovations has been the leading nations to find independence from the dollar e.u. member state will set up a le

during those two months to two point two billion us dollars so those years one cannot i'm sure you would agree with me one cannot use the financial constraints as an excuse these were the good years for london to accept that six of the forget everything you call interview yes now london has only converted about fifty percent of the hostages that they said that would cut that i wouldn't necessarily cut ties this is a success would you what i would characterize this as work in progress. heard someone say you were going people were locked into the chamber to hear the every listening to it. why we dismiss which is we're going to make comments we've suggestions that happens again i'll ask the person concerned gives the train going can. you please leave the room i was with you. would you please forgive me. the commission. that might have done a commission of inquiry has concluded its hearings often to use the commission set for close on two years off decisions for minors were shot dead by police it has been focusing on corporate social responsibility and the mining environment. how on earth is

maybe it's better to give up using dollars yeah m.f. of course is backed by washington money and has quite a track record enough. i think maybe you were alluding to that institution with respect to africa. perhaps risking an international financial crisis maybe more because of the debt do you think we should. statements made by some nato nations when they criticize i think for china it's have a system. economy. and maybe. you can say there is a population during the process i think a wish for the chinese government more support to rise up more criticism because even for us government are not. given us create us so much trouble for the work. thank you thank you. for the show we'll be back on monday with revelations of another p.r. spinning for saudi arabia in twenty four hours over the hundred year anniversary of a hip hop artist and i just know he will explain how world war one paved the way for a century of u.k. u.s. conflict until then you can judge by social media the forty nine years to the day that the bulk of major initial claims

because out there there was a counter is that because the really maybe it's better to give up using dollars yeah m.f. of course is backed by washington money and has quite a track record in half. i think maybe you were alluding to that institution with respect to africa yeah. using china rather. perhaps risking an international financial crisis maybe more because of the debt do you think we should the code statements made by some major nations when they criticize china i think for china to have its own system no matter its economy or political system and this may be the largest comes we. can say there is a population but during the process i think a wish for the gave the chinese government more support rise of more criticism because even for us government as there are not criticism even us creators so much trouble for the word press usual thank you thank you and that's it for the show we'll be back on monday with revelations of another p.r. spinning for saudi arabia in twenty four hours after the hundred year anniversary just a hip hop artist and i just know he will explain how world war on

legitimate accusations of human rights abuses much the same can be said for el salvador or billions of us dollars was poured into a government that was slaughtering its citizens meanwhile as the us work to overthrow a government in a neighboring country was flooded with us soldiers aid in arms and joint bases greatly strengthening the militarization of hunger and society the one nine hundred eighty s. were the us this was you know so why. do all these the us so ordered brutal dictatorships that surprised us most. of the country it really has destroyed the ability of people to make buildings across her since the one nine hundred eighty s. central american migration has skyrocketed and surprisingly. and with that comes deportations remember how much trump loves to talk about the infamous m s thirteen criminal gang vile criminal cartel m.s. thirteen the savages of m.s. thirty m. s. thirteen these are animals and mr gina lives by the motto kill rape and control well it turns out they were actually made in america refugees from founded the group in l.a. in the eighty's and the program was set up to ki

comes as others including russia and turkey have been making similar efforts to dealing from the us dollar the decision was formally announced as pakistan's prime minister under him come on business and met with chinese president xi jinping in beijing. and in japan the cabinet has approved legislation to ratify a massive free trade agreement with the european union effort to be implemented by february first under the agreement japan is set to remove ninety four percent of their terrorists and the e.u. will remove ninety seven percent in sectors including but not limited to agriculture seafood and your products the deal covers roughly thirty percent of global gross domestic product and around forty percent of all world trade interestingly the collective g.d.p. of the e.u. engine fan is nearly the size of the nafta nations the us canada and mexico. venezuelan president nicolas maduro continues to look for ways to help the nation's troubled and hyper inflammatory economy and is now looking to go to the bank the gold bank that is he once the actual physical stuff the gold back from banks the m

barter system and rouhani has also floated the idea of selling oil in alternative currencies to the us dollar iran is also counting on a european bypass to the american banking system but months of promises and public support by the european union have not led to practical solutions behind closed doors some iranians are asking if that was the plan all along despite rouhani is insistence that european support is a big deal for iran keeping iran's trust will not be the only challenge for europe to keep iran in the nuclear deal with american sanctions at full strength and more said to be on the way they'll also have to figure out how to turn the temperature down between hawks in teheran and washington saying best ravi olders here at that is going out on diplomatic editor james bays he is following developments and joining us live from washington d.c. but the secretary of state and treasury secretary was speaking about that and there were definitely not the temperature down. now absolutely no more tough talk coming from these two top u.s. officials we've also the last couple of hours from the nat

well let's go to frankfurt where the central bank is based on a corpus there for us dollar other calls for the e.c.b. to start raising rates getting louder. well there are indeed many people also investors who have been asking for that already for quite some time but yes you said it to persist two point two percent as the inflation rate right now the e.c.b. wants to have it at a level of only two percent so you know let's see what's going to happen already by the end of the year the stimulus program the bond purchasing program of the e.c.b. is set to expire the question now is going to be also with the situation with italy for example the budget of italy is now relieved by two thousand and nineteen that's what many have been asking for also mario draghi will be changing the interest rates some people here are a little bit warriors that he won't because of this ongoing problems right now with it to leave though there was a meeting today here and frankfurt he was speaking at the european banking forum during that meeting actually his outlook for two thousand and nineteen and his forecast

and the government can still give you this twelve thousand australian dollar about one thousand us dollars but you do have to pass an a separate assets test as well so if you've got other assets other than the farm so you have got investments for example in the government run farm management deposit scheme or you own and i and an apartment in sydney or anything like that's my point as i'm not telling you people are they we generally think the government is there a particular right of center governments as there is in australia to support the poorest of the poor the people who are really desperate need of help these people are not poor but could have as you say investment properties or the investment properties will exempt them from getting the this support because that this the assets test for all saw message supplies sick for italy from the on farm assets test so if they've got those investments they're not going to be eligible but we do need to remember that fall poverty is a difficult area because first of all we haven't actually measured it in australia since the nine hundred seventy s

tariffs on china and other nations has been somewhat muted by the increasingly strong us dollar the dollar is increased in value by seventy eight percent on average versus all major u.s. trading partners at the same time while the trump administration has chosen not to designate china as a currency manipulator the value of the chinese currency the yuan has been dropping all year which further weakens the u.s. tariffs impact earlier this year in march the dollar fetched six point two you won today the dollar is even stronger and would fetch nearly seven you won the yuan itself is that its lowest point in a decade. u.s. department of justice prosecutors have charged ten chinese intelligence officers with engaging in persistent hacking attempts of the u.s. aviation companies the chargers are reportedly part of troubled ministrations push to combat ongoing efforts by china to steal information and data from u.s. companies u.s. attorney adam braverman said quote the concerted effort to steal rather than simply purchase commercially available products should offend every company that invest tale