global trade faces it's the worst crisis in 70 years, the head of the world trade organisation tells the bbc live from london, that's our top story on friday the 30th of november. roberto azevedo‘s warning comes as 620 leaders meet in argentina with the us china trade war right at the top of the agenda. also in the programme — leading british tech boss mike lynch is charged with fraud in the united states over the sale of his $10 billion company to hewlett—packa rd. european markets are open and we have more on why they are in negative territory. the us mexico and canada are set to sign their upgraded trade deal at the 620 but will there be a last minute hitch? we'll talk you through that as well as oil and brexit as we look back at the week with our economics correspondent andew walker. also today — as starbucks annoucnes it's the viewing of porn on its wifi, we want to know whether you think private companies shdl police our private use of the internet in public? let us know — just use the hashtag bbcbizlive. keep it clean! keep it clean, coming from victoria! very funny! hello and

he's renegotiated trade agreements and made it difficult for the world trade organisation to arbitrate chairman of trump's council of economic advisers, spoke to our economics correspondent andrew walker, and he said china had misbehaved since joining the wto and said the us could consider evicting china from the trade group. the state of the world that president trump came in was that the us had agreed overtime, in part because we are trying to recruit countries out from the soviet umbrella, to opening up our market is kind of no questions i asked, and when countries joined the sort of western coalition, then we did not ask them to remove their trade barriers on mars or even open up their markets, it is just reopened their markets, it is just reopened the us market to them. president trump came in with a really powerful strategy but i think it is clearly working, we have got a new nafta deal and we are in new negotiations are virtually all of our trading partners right now and that is showing progress. some countries see the us has been very disruptive, resisting the rules that make t

of trump's economic advisory council tells us that china has misbehaved sincejoining the world trade organisation could be thrown out. hello. a very warm welcome to the programme — briefing you on all you need to know in global news, business and sport. as ever, you can be part of the conversation. today we're discussing the idea of people retiring before they're a0 by saving and living frugally. we're asking you which of life's luxuries would you give up to retire early, and would it be worth it? tell us what you think. just use the hashtag, #bbcthebriefing. the un's envoy to yemen is due to meet houthi rebels in the country's capital, sanaa, to try to lay the groundwork for urgent peace talks in sweden. martin griffith's latest efforts come after fresh fighting took hold in the port city of hodeida, which has been a flashpoint in a three year conflict that's led to what the un calls the world's worst humanitarian crisis. it and leading aid organisations have consistently warned that m million people, including children, face starvation as the fighting continues. caroline rigby‘s report contains

out and get trade deals with the rest of the world and i personally felt that was very important to help our economy immediately. 50% of our trade is already under world trade organisation positive side delivered a message is kicking the kind and the road for two years to see what happens. we have a new administration coming into the european union next year and no idea what shape that will ta ke and no idea what shape that will take on who they will be and what they will say. so it is not a good deal and frankly should not be offered to the british parliament to have to ratify. we have had one of your fellow meps after year in the past who has been on the steering committee for the european parliament and he says too much focus is being put on a backstop because there is provision to extend the transfer possibly two 2022 and because we start very close to each other but is a trade deal that can be infour other but is a trade deal that can be in four years. that is all very well and good and i understand why he would say that. these are nice words but they are not firm. we don't have a firm commitment. no deal is worth its salt unless you knows what you are doing about

the visit by bosses of the world trade organisation, international monetary fund and world bank comes as china's trade war with the us continues to cause widespread concern. china is keen to convince the world that it is open for business, and that it really does play fair. earlier this month it cut import tariffs on more than 1500 goods, including metals, wood and even gemstones. but the reductions were fairly meagre, less than 3% on average. but even if progress on liberalisation seems slow, firms are investing more and more money in the country. last year there was $136 billion in foreign direct investment. one of those investing is tesla, which last month spent $140 million buying land in shanghai, for its first factory outside the us with reports it could spend as much as $5 billion on the new plant. that is just one example of a company investing significantly in china. shanti kelemen, director of wealth & investment management at coutts joins me now. china very much setting out its stall this week with a global audience, saying we are open for business despite the trade war bet

we trade with other countries on world trade organisation rules and it takes six seconds for goods todo not need to trade on anything other than wto rules and that will be an economic success and we will be free to determine our own future. democracy will win. hang on, let's have order. we have plenty of time. would you make a better leader than theresa may? who worked? theresa may? who worked? there are many, many talented people. who would you like me to start with? boris johnson, people. who would you like me to start with? borisjohnson, david davis, dominic raab and esther mcvey, strings of talent within the conservative party would be capable of leading a proper brexit. we have got to have the telegraph. would you say... one of the problems was having a remainder and i recognise that co nve rse remainder and i recognise that converse misers will need to be made but the difficulty with having a remainder is people feel the compromises are made in a remain direction rather than in a leave direction. it is too late and you can't write a letter of no confidence and company decision y

trade war between the us and china. this year the world's two biggest economies have slapped import tariffs on $363 billion worth of goods that they sell each other. the head of the world trade organisationazevedo, is also at the 620 summit. he has been telling our correspondent daniel 6allas that the breakdown in relations is the worst crisis since current trade rules were agreed more than 70 years ago. i would say it is the worst crisis, not just for the wt i would say it is the worst crisis, notjust for the wt oh, but for the whole system. —— wto. this is a moment were some very basic will —— basic principles of the organisation, principles of cooperation and nondiscrimination are being challenged and put into question. that is very serious. we cannot ignore those concerns, we have to talk about them and would have to talk about them and would have to talk about them and would have to see whether there are ways of addressing those concerns that are acceptable to all wto members. can we expect anything relevant to come out of this meeting before those two leaders meet? it has to shift from a mode of engagement, from threats and accusations, finger—pointing, to one of finding solutions.

nature of consumer amazon and ali babar had changed the nature of consumer behaviour, the world trade organisation has been struggling to remove barriers to e—commerce trade for almost two decades. so these reforms must make sure the roles themselves remain releva nt sure the roles themselves remain relevant to the modern economy. —— rules. but we also need to go further, for we are now living to the most extraordinary technological transformation. a time when flows of data account for a higher proportion of growth than trade and physical goods and when artificial intelligence could almost double the value of the global digital economy to $23 trillion by 2025. and when it could increase global gdp by 14% by 2030. in this new context a la standing in the world and our ability to retain our position as a global economic hub will depend not only on the steps we take to innovate at home but crucially also on the role we play in shaping the rules that will define this new era so rules that will define this new era soiam rules that will define this new era so i am determined that we will lead the way. a

the head of the world trade organisation, roberto azevedo, is also at the 620 summit.ld the bbc that the trade war between the us and china, and president trump's america first policy, amounts to the biggest crisis since current trade rules were drawn up just after the second world war. i would say this is the worst crisis not for the wto but for the whole multilateral trading system since the gatt. in 1947. this is the moment when some very basic principles of the organisation, principles of cooperation, principles of cooperation, principles of cooperation, principles of non—discrimination are being challenged and put into question. and i think that is very serious. joining me is nina trentmann from the wall streetjournal. quite striking comments. yes but also not surprising given the situation. from a wto perspective expectation was that tensions between the us and china would have come down but we have seen they have not. with the us about to heighten its tariffs on china injanuary, we are ata its tariffs on china injanuary, we are at a crucial point in time. do you

the visit by bosses of the world trade organisation, international monetary fund and world bank comesa's trade war with the us continues to cause widespread concern. china is keen to convince the world that it is open for business — and that it really does play fair. earlier this month it cut import tariffs on more than 1500 goods including metals, wood and even gemstones. but the reductions were fairly meagre — less than 3% on average. but even if progress on liberalisation seems slow — firms are investing more and more money in the country. last year there was $136 billion in foreign direct investment. one of those investing is tesla — which last month spent $140 million buying land in shanghai for its first factory outside the us, with reports it could spend as much as $5 billion on the new plant. kuangyi wei, who's the head of strategic research at parker fitzgerald, is with me now. good morning, welcome to business live. sally was running through the details of what is at stake, i know we have heard this talk from china about opening up, liberalising trade, making it easierforfor

he's also renegotiated trade agreements and made it difficult for the world trade organisation to arbitrate evicting china from the wto. we never really envisaged that a country would enter the wto and then behave the way that china have. they have, it's very well documented in the economic report of the president, their intellectual property theft is a major concern to the uk, the eu, the us. we estimate $300—$500 billion a year of theft from the us. that's kind of a new thing for the wto, to have a member that that is misbehaving so much and i think that i guess the question is can we fix that with bilateral negotiation with china? if not, can we fix that with reform to the wto? if not, should we pursue evicting china from the wto? i think these are all things that are being studied and considered. jane sydenham is back to look through some of the papers. 0ne one of the ones that court our attention, us glamour magazine is going online and it is interesting, glossy magazines, it was the premium models of magazines, you wanted to buy it, feel the adverts, look at the models but it is going

of trump's economic advisory council tells us that china has misbehaved sincejoining the world trade organisation

world trade organisation.here is the, so tunnel, lots of very activity and we might see some blockages. there are some questions also about the city of london, because a lot of the financial trading that goes on between the city and the rest of the eu is governed by eu law. you take that eu law away and suddenly there are some questions about whether the activity is legal, what you do to try and shore up financial stability. my expectation would be that the eu and the uk would work together to make sure that the financial system is stable but we can‘t be sure. and then there is a big discussion about whether the eu would help the uk to mitigate some of the worst effects. i think that would be true in terms of saying, aeroplanes can fly between the eu and the uk, that is fine. but we have to remember that the uk would have to remember that the uk would have left without paying the money that it owes to the eu budget, without guaranteeing rights of citizens living in the uk and so we would be in quite a hostile

most of the countries that the eu, there for us, trade with at present, we trade with world trade organisationt up to help negotiate, to set up the darker to provide the basis for trade. it would be desirable that we in addition have a free—trade agreement with the eu. but if we do not, it is not the end of the world. our trade with the countries we trade with on wto deals has risen three times as fast as our trade with the eu since we set up a single market. so the single market has not benefited nearly as much as we hoped our trade with the rest of the world is rising strongly, that is where future lies. you've spoken in the past about the most favoured nations tariffs, to still hold that opinion? yes, under wto rules from other countries cannot discriminate against you were charged a higher tariff for your goods than they do for other goods that they also trade with countries on wto terms. we know the maximum tariff that the eu can charge against us on averages 4%. the exchange rate has been 15% since we have the referendum, so our exporters are better off even if we have to get out. i'd ra

will have no deal, but has the government tried to guide the country if it goes back to world trade organisationut i want to remind viewers what has happened. atjust after ten o'clock on bbc two and bbc news, we know that esther mcvey, the work and pensions secretary, has resigned. an hour ago, the brexit secretary, dominic raab, resigned. and possibly an hourorso dominic raab, resigned. and possibly an hour or so before that, junior northern ireland also resigned. we will speak to norman smith injust a moment. —— the junior will speak to norman smith injust a moment. —— thejunior northern ireland minister also resigned. norman smith will give us some analysis as to why so many people are resigning. he isjust getting the details from esther mcvey‘s resignation letter. we have got people here from glasgow, lowestoft, liverpool and london and belfast and now norman is with us. my goodness! esther mcvey goes, and that could be no surprise because she is thought to be one of those who is most argumentative, most unhappy with the pm at the cabinet yesterday, and some suggest she got into an argy—barg

has said that actually the best deal is a free trade deal but don't be terrified of the world trade organisationrules and that is what we will achieve. and that is what you want to happen? no. iwant achieve. and that is what you want to happen? no. i want a free—trade deal, canada plus plus plus. we would still not resolve the northern ireland problem? the northern ireland problem? the northern ireland problem? the northern ireland problem is capable of solution by the existing solution, the existing tax collecting arrangements and customs arrangements and customs arrangements and customs arrangements and buy a few additional things which we have done in the ports and not at the border. when you write your book there might bea when you write your book there might be a chapter on which you wish to pick up on that in the studio? you did say my bestselling book? yes! two things he said, if i had more time in that session i might have picked him on. the rest of the world trade with eu on basic world trade organisation rules... : he is talking about the bad —— the united states primarily and the thin

us tariffs on steel and aluminium imports are going to be scrutinised by the world trade organisationhina to canada. samira hussain is in new york for us. first reaction on seeing this story is what can the wto do about what donald trump wants to introduce? well here's the thing, we have several countries complaining about what donald trump's trade policies mean for them, in particular these ta riffs mean for them, in particular these tariffs on steel and aluminium. the process has been fairly drawn out and torturous, often is the case with these global bodies. lots of systems to go through, the country has had to file a complaint, there was a process and consultation. when that failed, they asked for an arbitration panel to be set up, which was refuted and refused by the us, so countries that had complaints had the file again. usually by the second complaint, that ensures that a panel will be set up. we have had that news confirmed this wednesday. this signals that the process will go on for quite a while and can be quite lengthy, and involves lots of lawyers. but the us also complai

a suggestion adviser to president trump yesterday that china could be kicked out of the world trade organisation organisation not solely run by the us. a certain american individual has hinted at you big in china from the wto, although that is idiotic nonsense. it reveals the power politics, bullying and egotistical mindset of the us side. if our member correctly, not long ago the united states threatened to withdraw from the wto. today it is talking about evicting china from the wto. how absurd is that? there are expectations that when the presidents meet at the g20 next week in argentina perhaps there'll be some sort of breakthrough on this trade war. but one economist is suggesting we don't hold our breath. i think time is going to retaliate at any provocation from the us at every turn. physically the us keeps frustrating china with more tariffs if china does not respond to us demands. but what is us demand is not really about the trade deficit with china, but is more related to the perceived market distorting and unfair technology practices of china, but first and foremost china is very like

the only certain outcome, where we know what the terms are, is moving to world trade organisation termsss to their fishing grounds. so you can see the complexity in future. this would go on for ever. everyone wants this to be over. business wants a certainty. and the world trade organisation terms are understood and they will give the certainty so they can invest in those circumstances. the only difficulty to come is if european union partners see policies which make it difficult. there are agricultural tariffs about 35%. you are going back to square one. the uk has been into negotiations to two yea rs. has been into negotiations to two years. european exporters will be paying twice as much duty on stuff they sell to the uk because they sell twice as much to us as we sell to them. the uk will store be paying... we will still have quite a lot of money to them support our industries in the way that we choose. that is another thing that comes in on the 29th of march if we still take it. we can regulate and support our businesses. then we look at free trade agreement immediately all around

leave the eu, we will also be taking our independent seat at the world trade 0rganisation, independent seat at the world trade organisationce in setting a global agenda. but is any major economy going to finalise a trade deal with the uk until it knows the exact nature of the uk's relationship with the eu? they will wa nt to relationship with the eu? they will want to see how that develops over time and the eu will be doing the same, because people will want to know what the access to the eu market will be, what the relationship with the uk will be going forward for those who want to do trade agreements with the european union. it is in both our interests to come to a swift conclusion, remembering that at the moment we are not doing the trade agreement, we are doing the withdrawal agreement, the divorce pa rt withdrawal agreement, the divorce part of proceedings and the future trading relationship will follow, but it is in everybody's interest to be as swift as we can about that.” just want to ask about those comments from donald tusk, the european council president, saying if parliament reject the deal presented by there

trade talks with china. the gathering of world leaders is being held at a time of growing differences over trade, climate change and global security. the world health organisationing a sharply lower uptake of childhood immunisation for the increase in cases. a report by the organisation shows a growth in cases in almost every region of the world. it's just after 2:30am.

complicated than just trade deals and the uk could actually be doing loads of stuff and the world trade organisationon about services now, asking, what does the deal say about services, specifically regulations on uk financial services? is the equivalence? equivalence basically means that the eu and the uk make decisions that regulations in the uk are good enough that they will allow uk financial services firms to continue to do business in the eu. at the moment, there is a system called passport in which means we can automatically do business in the eu. once we become a third country, after leaving at the end of transition, we no longer have that automatic right to do business in the eu so we require what is called an equivalence decision whether the eu says, your regulations are ok. this is mentioned in the sketchy thing we got, the draft outline of the declaration. we are told there isa the declaration. we are told there is a longer version to be published. what it says is that as soon as we leave, so the 30th of march 2019 if you like, the authorities will start looking to make something with sp

trade talks with china. the gathering of world leaders is being held at a time of growing differences over trade, climate change and global security. the world health organisation is warning of a global resurgence of the highly contagious disease measles. the who is blaming a sharply lower uptake of childhood immunisation for the increase in cases. a report by the organisation shows a growth in cases in almost every region of the world. it's just after 2:30am. it's time now for thursday in parliament. hello there and welcome to thursday in parliament. on this programme, senior mps demand answers from theresa may on her brexit plan, with one wondering just who would put up a hard border between northern ireland and the republic? would the uk build it? would the irish republic build it? or would the eu build it? ahead of world aids day, a labour mp reveals he's living with hiv and urges others to get tested. it is better to live in knowledge than to die in fear. also on this programme, mps debate standards in schools and the environment secretary makes clear he won't give into french demands for access to uk fishing waters after brexit. the french president is, o

if the uk were to revert to world trade organisation regulations border controls would be necessary,checks will be required, that is what the wto said. all i can sell you is, if people vote for this deal, we know what the situation will be and that is the important thing now. we have a deal on the table that meets all of the commitments of the uk government to the belfast good friday agreement and all the commitments we make in last yea r‘s and all the commitments we make in last year's joint report. that is what we are working on. theresa may has addressed the cbi this morning. she has said her deal is the only deal on the table. the cbi said it is not perfect but it is much better than no deal. later this afternoon, jeremy corbyn will address the cbi. right now, i will hand you back to the studio. i want to update you with that news i brought you a little while ago i could the former england footballer paul gascoigne. british transport police have said that a man which we know is paul gascoigne is due to appear next month in court charged in connection with a sexual assault ofa in

global trade faces it‘s the worst crisis in 70 years, the head of the world trade organisation tells

trade talks with china. the world health organisation warns of a global resurgence of measles. enough.

deal with the single market, merely a vague commitment to go beyond the baseline of the world trade organisationent would endorse such an extreme and frankly dangerous course. labour will not countenance a no—deal brexit. i fully understand why business, which knows how disastrous a no deal would be, is so concerned about the prospect. at why some might feel under pressure to support any deal, no matter how botched and half baked, to avoid something worse. but the threat sibley isn't realistic. if the government believed no deal was a if the government believed no deal wasa genuine if the government believed no deal was a genuine option, it would have made serious preparations, but it hasn't. indeed, shortly before he quit, the former brexit secretary revealed he had onlyjust found out that the uk is particularly reliant on the dover to calais crossing! because we are, as he put it, a peculiar geographic entity. by which i think he means we are an island. well, we are only talking about 10,000 lorries a day arriving at dover, handing 70% of the country's entire trading goods worth an estimated £

and champagne, and about all the products that come to this country, then we will leave on world trade organisationppression that characters like me we re suppression that characters like me were able to punch of the political class, and they don't like it. nigel farage, thank you for your time. thank you forjoining us. the political correspondent at the macro spectator and politico's chief uk political correspondent join spectator and politico's chief uk political correspondentjoin me now. where is your assessment of what theresa may needs to do in the next hour when she addresses the media? what are her options? she doesn't have that many options. she is so wedded to her brexit deal as she proposed it, the deal agreed with brussels, that i think she needs to continue her message, which is that she thinks her weight is the best way and good for the country. there is an idea there might be some movement. one of the lines we have heard today is that this is a draft agreement so she might play that a ba g u ette to agreement so she might play that a baguette to get people onside. we might —— play tha

trade talks with china. the world health organisation warns of a global resurgence of measles.nd tackling climate change — why reducing greenhouse gas emissions will not be enough. hello. a startling new development in the mueller inquiry into russian interference in the presidential election and whether the trump campaign colluded with russia to influence the result. president trump's former personal lawyer has now pleaded guilty to misleading congress. michael cohen has admitted making false statements about a property deal in russia in 2016. he says he lied out of loyalty to the president. mr trump's response is that his former right—hand man is lying now, to prosecutors, to win a shorter sentence. nick bryant reports. michael cohen was donald trump's mr fix—it — a centralfigure in the billionaire‘s business empire. but the lawyer who used to make mr trump's problems go away now potentially poses a huge problem himself for the president. mr cohen has co—operated. mr cohen will continue to co—operate. sentencing is set for december 12. though the fast—talking new york attorne

organisation. you had to be doha round of talks which haven't concluded, what you have to say to people who say the world tradethat the challenges around the doha negotiation have given the impression that the organisation doesn't work. i would argue that it doesn't work. i would argue that it does work. i think members have to decide, what kind of organisation do they want? does everything need to bea they want? does everything need to be a big round, or can some members go off as a group and decide to try to advance discussions on issues that they think are important. now, this is not something you see every day. a huge drone that can wash buildings and put out fires is being developed in latvia. the company behind the technology says it can clea n behind the technology says it can clean buildings twiggy times faster than humans and fly higher than the latter is used by firefighters. let's ta ke latter is used by firefighters. let's take a look. —— ladder. -- 20 —— 20 times faster. faster, better connectivity, we will have better live streaming because all so, from distance, we will be able to see a lot fast

organisation skyscraper in moscow. president trump and his chinese counterpart are in argentina for the 620 summit. the world is watching to see if they can thrash out their differences over trade. and this video is trending on bbc.com. a british politician reveals he has been hiv positive for 10 years in an emotional address in parliament. lloyd russell moyle said he wanted to encourage people to get tested ahead of world aids date. —— world aids day. that's all. stay with bbc world news. and the top story in the uk: in shropshire, the head of a much—criticised nhs trust resists calls to resign. now on bbc news, live to singapore for asia business report. face—off in buenos aires. donald trump and xijingping have face—off in buenos aires. donald trump and xi jingping have arrived in argentina for the 620 summit, and everyone‘s looking forward to the crucial trade talks. taiwan and the trade dispute. how the island nation is dealing with the fallout of the conflict between china and the united states. 6ood good morning, asia. hello, world. it's a friday, glad you could join us it's a friday, glad you could join us for another exciting addition of asia business report. i'm rico

organisation skyscraper in moscow. president trump and his chinese counterpart are in argentina for the g20 summit. the world is watching to see if they can thrash out their differences over tradein parliament. lloyd russell moyle said he wanted to encourage people to get tested ahead of world aids date. —— world aids day. that's all. stay with bbc world news. and the top story in the uk: in shropshire, the head of a much—criticised nhs trust resists calls to resign.

the uk will be continuing to play its role in a variety of organisations but also in the way we negotiate trade deals with the rest of the world like security and defence. there is no sense in which this uk is going to be isolated when we leave the european union. for many months, this house was assured it would have the full future framework before it when it was voted on the withdrawal agreement. i was encouraged to hear the prime minister say further detail will emerge. that will be critical for the employment in my constituency. can the prime minister outlined when we see that future framework. this gives me an opportunity to set out the process that will be followed. we will be now entering into further intense negotiations with the european union, such that a fuller future framework can be delivered to the european council as part of the overall package and that will be published for members of this house to see. i'm conscious that it is important, while we can't agree legal text until we have left the european union, that we have sufficient detail in that future framework that members are able to have confidence in the

trade, security and other issues will work. after a review looking into the manchester arena terror attack, m15 admits for the first time it failed to track the bomber. the world meteorological organisation left him with serious injuries, including a partially severed arm. however, he'll be back in f1 with williams next year, two years after tests with former team renault failed to end in a comeback. kubica said it's a story that probably nobody has believed but shows nothing is impossible. another comeback for england. this has been long—anticipated, manu tuilagi back in an england shirt after more than two years. he's been named on the bench for the final autumn international against australia at twickenham on saturday. he'll be joined amongst the replacements by co—captain dylan hartley. jamie george will start at hooker instead. liam williams will start at full—back for wales against south africa on saturday. he's the only survivor from the side that thrashed tonga, moving from the wing to replace leigh halfpenny, who's injured. and the man in charge of world rugby says referees need to hand out more cards to stop dangerous tackles. there's been plenty of controversial hits during th