trade is being disrupted is a to me what sort of debt which are we talking about. it's i mean it's been incredibly damaging to trade we have the world trade trade organisation out earlier this month and they cut their outlook for global trade this year to the lowest levels since 2009 we've also seen a ton of companies sort of warning about the effects of this you know caterpillar was out this week saying that this was hurting their business b.s.f. the german company also just warns that this is really impacting their prices and their sales so we're seeing really a global impact on the economy it's really slowing every every country's trade and corporate profits everything really shows you lay the forests in front but thank you very much well for germany's financial center to take heed of the city of you know the immigration party alternative for germany is growing stronger there and the swing in that direction in city politics is making it harder for businesses to attract qualified personnel from abroad. cutting edge technology in the smallest of packages the company chip shop manufactures miniature diagnostic devices able to for example carry out blood testing that on

trade dispute that lasted 15 years, the us canal "back some of the financial loss that incurred in the french aeroplane manufacturer abbas received illegal government subsidies. the world trade 0rganisation subsidies. the world trade organisationon on your pen explodes and as importers paid more to get those goods into the us, prices could go up goods into the us, prices could go up by goods into the us, prices could go up by 25%. eu officials tried to convince the us to think again and previous settlement but this because i got previous settlement but this because igotan previous settlement but this because i got an answer. the watch this space, the us is found to be illegally subsidising its playmaker boeing and black with bass tariffs on goods sold in europe from next year. let‘s go to asia now, and the trade war with the us is continuing to take its toll on china‘s economy. growth in the three months to september slowed more than expected to 6% — its weakest in more than 27 years. the bbc‘s asia business correspondent, karishma vaswani, is looking at this for us. slow down, to many countries of the growth of 6% would seem fantastic but relative —— relative to what china has had in previous years, the significant hit and th

trade war. further tariffs are being imposed on that. no real sign of daylight. and we have had the decision from the world trade organisation ruling that eu subsidies to airbus were illegal of the united states is allowed to impose tariffs. we also know that the world tradeikely to say that the us was also illegally subsidising boeing. so the eu will be able to apply tariffs most likely next year. all of a sudden you have the us in a trade war with china, potentially starting a budding trade war with the european union. it's just a budding trade war with the european union. it'sjust not great. and the counter factors that safe assets start to become more lucrative and appealing. let us look at the political uncertainty that continues in hong kong. the south china morning post reporting that police groups calling for some sort of cu rfew. police groups calling for some sort of curfew. yes. even mentioning things like banning the facemasks, because of facial recognition technology in hong kong protesters are making dramatic steps to protect themselves —— taking. it is a sign of how out of control this is. this has been going on for nearly four months now, and it is escalating, it is getting worse. there is a real failure of the hong kong government to get

trade war is hurting the economy. we heard a warning about about the impact of worsening trade tensions from the world trade organisationed across the board in asia and the united states. here in europe, this is how the main indices are performing at the start of their new day. investors here also digesting the latest news on brexit and some details of a proposal by the british government over how to overcome the thorny issue of the border in ireland in achieving a withdrawal deal. and samira hussain has the details of what's ahead on wall street today. wednesday is all about employment and how manyjobs the us private sector added in the month of september. now, this should not be confused with the monthlyjobs report that is put out by the us commerce department. that will be released on friday. now, this is a national employment report, compiled by adp, and it is expected to show that the private sector added 140,000 jobs in the month of september. now, that is a drop from the 195,000 jobs that were added back in august. and although this particular report only takes stock of the private sector, it can sometimes give e

we start with the global economy, because the world trade organisation has slashed its forecast for tradeh year by more than half, warning that living standards and jobs could be hit. the effects of the us— china conflict are already being felt in many countries, including australia. yesterday, it central bank cut the cost of borrowing to a fresh record low. earlier i asked an analyst whether rate cuts are the best way to deal with a global slowdown. whether rate cuts are the best way to deal with a global slowdownm terms of rate cuts, it is not the best tool. but of course, what rate cut does is to try to drive the confidence level. we so far this financial year have already cut the. well, this is the third time, and potentially there will be more, one more cut, in the next 12 months, hoping with that consecutive cut to improve the confidence, together with the tax rebates that most consumers received a couple of months ago. but the main driver will have to be fiscal stimulus, which government is somewhat reluctant to do at this point. right, and you mentioned the rebates, the tax cuts,

trade tensions — because business relations between the us and europe look likely to become increasingly strained. and this is at a time when the us trade war with china has rattled global markets. the world trade organisation that the us is entitled to tax imports from the european union worth billions of dollars — in retaliation for state support the eu illegally gave to aircraft maker airbus. it's the latest chapter in a 15—year battle between the two sides over subsidies for airbus and rival boeing. vivienne nunis in new york is following the story. after 15 years of wrangling, the wto has handed down the largest arbitration award in history, it allows the us to apply tariffs to $7.5 billion worth of european exports in retaliation for illegally subsidies paid to abbas. president on troubles quick to claim it is a big win for the us. they think i don't like the wto and they want to make sure that i'm happy because all of those countries were ripping off the united states for many years. they know that i'm wise to read. we've had a lot of wins. this was a $7 billion when, not bad. the ta riffs $7 billion when, not bad. the tariffs will mostly affect goods from france, germany, the uk and spain pulled up

business calendar and we start on wednesday because the world trade organisation will be unveiling its annual report on global transit issues regarding trade week it lowered its forecast for how much global trade will expand this year. the group now says the rising trade tensions and slowing global economy means they expect trade around the world will increase by only 1.2%, less than its original forecast of 2.6%. also midway, more details on the meeting which held its meeting in september when they decided to cut the costs of borrowing. 0n when they decided to cut the costs of borrowing. on thursday, all eyes will be on washington dc. trade negotiations between the two largest economies in the world are scheduled to resume but the chief investment officer says he doesn't anticipate a broad pact will be reached. the best case is to decide not to escalate further, imposed on the last couple of months, maybe a deal where china commits to buying a lot more goods. but we are hearing reports that china says it will narrow the scope of its trade deal with the united states ahead of these negotiations but president trump says any deal has to be 1

trade talks. two of the world's biggest technology giants up racing off at the world trade organisation and this is after south korea launched a complaint with the wto overtired to export controls involving crucial hi—tech materials. tensions between these long—time rivals intensified injuly when these long—time rivals intensified in july when japan announced stricter restrictions on exports on basically three products used by south korean to companies to make memory chips and smartphone displays. japan has not really explained in detail what is driving its tradeyo's decisions could be in retaliation against the ongoing dispute over forced labour during world war ii. both countries buy from each other tons of electronic parts and if this trade fight continues, the trade of these high—value items could be disrupted. ijust want high—value items could be disrupted. i just want to mention the story we've got today, that being that workers on farms and plantations that supply some the big supermarkets in the uk are being subjected to poverty and human rights abuses according to 0xfam. a charity conducted research in india and brazil, surveyed workers in five other countries and says poor conditions are right on farms. supermarkets including tesco's, sainsbury‘s and morrisons, blaming a relentless drive for profits. that isa relentless drive for profits. that is a story i've mentioned is on bbc on line. i'm going to tweet that story for you if you follow me on twitter. it's a good old—fashioned story about big names in retail not checking their supp

trade dispute between the us and the european union. the world trade organisation has ruled that the us can impose retaliatory tariffs on eu goods after finding that the european firm airbus received illegal subsidies. there are ten days left until the us proposes to introduce tariffs of 25% on scotch malt whisky. and that represents 60% of the uk—origin goods included included on that list and 10% of the non—aviation goods on the list across europe. he recalled meeting the us president. it was my duty to welcome president donald trump to scotland last year and during the course of that event, he told me that he loved scotland. now, i am sure if the prime minister was able to convey directly to president trump the damage that these proposals will do to scotland, particularly rural scotland, that could have an impact. we would urge the united states to think again. these tariffs are in no—one's interest. the president of the united states prides himself on being the champion of the little guy, the little business. well, it's the little guy and the little business who will be harmed most directly if these tariffs come in to play. it's no secret that the american president has sought to define his administration as one of tradeinterests of america first and repatriate jobs and industry to the us. he believes a trade war is one that the us can win. does the minister agree that nobody wins in a trade war? the scotch whisky exports from this country are 6 billion a year. 21% of all our food and drink exports, 41 bottles a second. that's faster than i can drink it. it is so important to our exports. i think it's the third—largest export that we have. and this government needs to do all it can to protect it. we think the proposed tariff is unfair, we think it is wrong, we think it is unjust. and if we can demonstrate that we are now in compliance in this very long—running dispute and have taken the necessary measures, i hope that we could engage calmly with the united states. to find out it is rather quality and not quantity that counts when it comes to scotch whisky. as the chair of the aapg on scotch whisky, i've absolutely no doubt that these tariffs have a hugely negative impact on one of our most important,

trade dispute that lasted 15 years, the us can now begin clawing back some of the financial losses it incurred when the french airplay manufacturer airbus received illegal government subsidies. the world trade organisation has allowed washington to impose tariffs on a record $7.5 billion worth of european exports, and as importers pay more to bring those goods into the us, prices could go up by 25%. eu officials tried to convince the us to think again and reach a settlement but those calls have gone unanswered. but watch this space, the us has been found to be illegally subsidising its playmaker, boeing, and will likely face tariffs on goods sold in europe from next year. time now for our daily look at some of the newspaper and website stories which have caught our eye. joining us is laura onita, recail correspondent at the telegraph. good to see you. let's pick up on what vivian was talking about, the tariffs, interesting for savile row, the suit making community in the uk? indeed, i think that the savile row community is going to be one of the most hit, if you like, because their suits are very popular in the us, in north america, so, a lot of people buying their suits, the makers will face tariffs of up to 25% on those suits that they send to the us, so thatis suits that they send to the us, so that is a considerable amount, if you are a small business selling to america. and it is extraordinary that a tradeer can have this effect on suits, on whiskey and all sorts of other exports? absolutely, cashmere makers as well. it is uk but it is also europewide. as we heard earlier, it is almost like a tit—for—tat retaliation which has perhaps unwanted consequences on those smaller businesses in the uk. let's move on to vaping. vaping and formula i. the headline, vaping backlash threatens to slam breaks on f1 backlash threatens to slam breaks on fi sponsorship, what is going on? this is twofold. as we have known from before, the sponsorships from big tobacco companies in the formula 1 big tobacco companies in the formula i were banned. big tobacco companies in the formula iwere banned. now, they have moved oi'i iwere banned. now, they have moved on to vaping, the slightly less harmful product, and they are hoping to strike these new partnerships to sponsor to strike these new partnerships to sponsor f1. now, in some countries that's very stringent laws and rules as to how you can do that, or not.

world trade organisation. let us find out more. let us find out more. samira hussainjoins us now from new york. how did this start? this has been a real sort of tradehat look, there have been unfair subsidies being given to us's boeing and to airbus, and as a result both countries went to the world trade organisation and levied complaint, the wto found that both sides were guilty of giving unfair subsidies, so, basically the wto ruled in favour of the us, just a bit earlier, so the us said we are going to now impose 25% tariffs op a lot of goods coming in from the uk and from year. the eu and the head of trade for the eu has said we are going to do the same thing, when they are allowed to t and the world trade organisation organise will rule on that in terms of how much they can tax and on which goods. well, that will find out in 2020. so there are real concerns i imagine for wine producers in the us as well. they fear that actually the eu could impose tariffs on their products and this is a key market for them, isn't it. absolutely, look, if you look at something like suits for example. these are specialised suits made on savile row, for them thei

trade agreement not been done, it would mean britain falling onto world trade organisation terms by december next year with only northern ireland having preferential access to the eu market? no wonder the foreign secretary had said this represents, "a cracking dealfor northern ireland, they would retain frictionless access to the single market". it does beg the question, mr speaker, why can‘t the rest of the uk get a cracking deal by maintaining access to the single market. the taoiseach said, it allows the all ireland economy to develop and one which protects the european single market. some members of this house do welcome an all ireland economy, but i didn‘t think that included the government and the conservative and the unionist party. the prime minister declared in the summer, under no circumstances would i allow the eu or anyone else to create any kind of division down the irish sea. you cannot trust a word that he says. mr speaker, voting for a deal today won‘t end brexit. it won‘t deliver certainty and the people should have the final say. labour is not prepared to sell out the communities that we represent. we are not prepared, we are not prepared to sell out their future and we will not back this sell—out deal. this is about our communities now, and about our future generations. the prime minister. mr speaker, i must confess i am disappointed by the time the right honourable gentleman has taken today. because i had thought he might rise to the occasion and see that the electorate, i believe his own electorate would want to do and thatis own electorate would want to do and that is to get brexit done. i must say, i thought that he would wish to reflect the will of the people who voted for brexit in such numbers in 2016 and have waited for a very long time. he is wrong about environmental and social protection. this country will maintain the very highest standards and we will lead into environmental protection and social protection across europe and the world. we lead, for instance in our commitment to be carbon neutral by 2050 and i have told him many times before, this freedom brexit gives us the opportunity to do things we have not been able to do and that are deeply desired by the british people, such as banning the live export of animals. and to say nothing of many, many other things we can do differently and better. he is wrong, mr speaker, about business. the overwhelming view from business. the overwhelming view from business as they are great opportunities from brexit, but also as both sir stuart rose, who i think was a former chairman of the remain campaign and the governor of the bank of england have said today, this is a good dealfor the british economy. as i look ahead, mr speaker, the only risk icy to the british economy and other catastrophic plans of the right honourable gentleman and his semi—marxist party. what british business at once is the certainty and the stability of getting brexit done on october the 31st and then the opportunity to build a new future with our european partners and to do free tradest, mr speaker. this is a right honourable gentleman, i don‘t wish to be unnecessarily adversarial today, but this is, this is a right honourable gentleman, who pay technique does not trust his own party. he doesn‘t trust the shadow chancellor and above all, he has not been willing to trust the people of this country by granting them the right to adjudicate on him and his policies in a general election. he won‘t trust the people and he doesn‘t trust the people by delivering on the result of their referendum in 2016. mr speaker, i suggest in all humility and candour to the house, they should ignore the pleadings of the honourable gentleman and vote for an excellent deal that will take this country and ta ke deal that will take this country and take the whole of europe forward. mr kenneth clarke. mr speaker, the prime minister began his statement, of which i am grateful, by saying that how rare it had been in this house ever for people to support federalism and a united states of europe.