And the United States through constructive dialogue we always insist that consultations must be based on the principles of equality and Mutual Respect an agreement must be new to beneficial hooley. Should the agreement be ratified to the chinese will avoid further levies on 160000000000. 00 worth of exports to the us the us is also set to lower tariffs already in place according to media reports for its part beijing has promised to import more Agricultural Products from the u. S. It also says it will grant u. S. Companies easy access to Chinese Markets and introduce tougher regulations to protect intellectual property so is the deal closed. On markets taking the twitter message by donald trump sirius. It may be friday the 13th but there was no bad luck bourses today global stocks so its just on the media news that trump has signed off on the deal and major indexes here in asia closed up between one and 3 percent today i mean generally investors are just happy that theres even progress with the deal. Of why is preaching playing so. What 2 possible reasons why beijing could be singing a different tune if you consider them singing a tune at all. Those comments from Foreign Ministry spokesman who we just heard from she said the deal a deal between the u. S. And china had to be mutually beneficial now this could mean that china may not necessarily be 100 percent on board or happy with the deal that they may or may not have signed with trump a 2nd there are comments from foreign minister himself he now he spoke at a symposium in beijing and he criticized the u. S. For ruining chinas image with accusations of violence against. The muslim minorities in. As well as how its happened china has handled the protests in hong kong no it once the u. S. To fix these apparent this apparent slander before it moves on to even wanting to celebrate about the deal so this could point to why theyre reluctant about it at all and this also plays right into beijings recently launched a campaign where it wants to redefine its own version of human rights the announced this convention a Human Rights Convention this week and curiously enough it involves delegates from north korea and syria so at least i think. Thank you very much. Well the other Big Development moving Global Markets today is the decisive result of the general election in the u. K. British voters have handed the conservative party a large victory making breaks it all but certain ended years of uncertainty with a majority of almost 80 seats Boris Johnson should have no problem getting his brakes a deal through parliament in time to leave the e. U. On the 23rd of january e. U. Leaders have welcomed the clear message from british voters meanwhile the value of the pound has surged to its highest point since 26. 00 the region 1. 35 a stocks also gained. Now lets bring in michael hes chief market analyst at c. M. C. And joins us from london michael the pound as weve heard is going considerably but will that stick and West Sterling headed. Yeah good afternoon yeah i think it will stick but i think i would struggle to say it will go much higher weve come an awful long way in a very short space of time i think the extent of the majority was a surprise which is why youve seen the move from 1322135 i think will spend a period of time consolidating around these sorts of levels as well as obviously a 3 cents against the euro that thats a 3 year low for the euro and i think it would take something significant to really go much below that in the short to medium term but in the next stumbling block is a trade agreement with the un and were looking at previous trade agreements its of years and years and years to negotiate once and once a done in a year is that realistic. I dont think it is but what i would say is that were coming at it from a slightly different angle in terms of canada most of the u. K. And he is already aligned so really its just a question of how far either side wants to divert one thing i would say is that the size of Boris Johnsons majority will mean that hes much more flexibility in terms of red lines he wont be beholden to very small pacs within the conservative party the European Research group famously had 20 or 30 in pains and was a severe constraint on to reason why they wont be on this occasion. The footsie to 15 is on record highs on the on these news will that transform into a long term trend or will bridges. For a while. I think i think will stay volatile but i certainly think they have been given a fresh of adrenaline on the back of the fact that the labor party has been completely defund astray to at this election there was a significant discount. Discount on nationalize ation stocks or stocks that were perceptible to nationalisation now that risk is no longer there an awful lot of these undervalued stocks are likely to get further inflows and likely to see further going stocks like Bt Group Royal Mail centrica housing the housing stocks Like Berkeley Group and Taylor Wimpey are all up significantly today and could well go quite a bit higher michael used thank you very much for this insight thank you for. Now the british car industry will keep a close eye on developments in the coming months with 80 percent of britains exports going to the e. U. A lot depends on what kind of post briggss deal the u. K. And the e. U. Can hammer out during that transition period for many its time to look for a plan b. To keep business going. When it comes to the topic of breakfast Gregory Mcdonald tends not to see eye to eye with his employees hes the managing director of car parts supplier good fish most of the workers in the group conoco plant around an hours drive outside of birmingham voted to leave the european union. The company employs some 130 people in 3 plants the plastic parts they produce are sold to german japanese and american car makers. For many the ongoing uncertainty surrounding breakfast is an increasing source of concern. All business depends on what they decide will happen as a result of drugs and they dont know themselves yet but of course weve seen some japanese. Decided to close down there are lots of other paulson the that i know about that are closing or drinking a 3rd of what the company produces goes to the e. U. And its in the block mcdonald sees the companys future now there are fears one of the companys 3 plants in britain may have to shut down. One man keeping a close eye on developments is paul mauer half needs from the society of motion manufacturers and traders a Car Lobby Group he says bracks it could cause the british Automotive Industry to fall behind in terms of technology weve seen investment in the car industry plummet in the 1st 6 months of this year to about 90000000. 00 from an annual run rate of about 2 and a half 1000000000 so thats a serious concern on top of that youve had Companies Spending at least half a 1000000000 pounds on no deal continuously measures and this is money that would be better spent on the search and development than innovating electrification the good fish group has seen sales pull 25 percent this year and thats after a 15 percent decline in 2018 the boss says plan. That is not the only reason his plans for the future still involve the e. U. Were planning to open a plant in slovakia. We have looked at several sites and interviewed a team of people whod like to work with us and. Soon as we know what we need to make or what our customers would like us to make for them outside of briggs and will open up in slovakia and stop person from buttons hes also looking for more clients added side of the automotive fact there for him the priority is to make sure that british plants have enough business to keep them going for years to come. And they are some of the other Global Business stories making headlines today. German food Company Delivery hero board south koreas biggest takeout. For 3600000000 euros south korea is the worlds number 4 market for online food orders off the china the u. S. And the united. States have given the green light to a new climate deal to make the e. U. Carbon neutral by 2050 all states voted in favor with the exception of poland which has until june to decide all and still relies heavily on coal as an energy source. E. U. Leaders have also agreed to extend sanctions against russia for its role in ukraine the sanctions were 1st adopted in july 24th following russias annexation of ukraines Crimean Peninsula and its support for promised separatists in the east of the sanctions are reviewed every 6 months. Thats all from me and the Business Team here and if you want more check out our website. Dot com slash business now straight. For the news thats next after this quick update on global. They created 2 days more clearly. The bridge and politics business the bottom up people of the moment revolution under on the turn to hama he had always dreamt of a stake in the shanty an old which. The book opens up making its initial flirtation with capitalism. Strikes and states of emergency it sinks into chaos Margaret Thatcher remarks in college them to work harder and they will was a distortion of liberalism above John Culberson emphasis moment. Its the book and threatens to go to border to play it a bit this could be the end of communism and. The plug crisis and. The start of an era the defining zone remarks today. 979 the big bang bang created cities starts december 23rd t. W. Like dusty very muddy tires and drums we deliver urgent life saving boxes we give our everything to reach those who need us the most every box feeding their futures. Got serious for the fall out of life saving fruit and theres so much more down roads with no names we feel asleep to live a relentless you know promise to make every delivery special. Not just next day but every day. Thousands of children are still waiting for their delivery sponsored talks today so together we can deliver the features. Of this as you know we do use live from berlin with briggs it in the back it also serves go for Boris Johnson and his conservatives after this secured a stunning victory in the u. K. Election im back in downing street mr johnson had this message for the voters and we will work round the clock to repay your trust and to deliver on your priorities with a parliament that works for you and theres world belief in europe that the uncertainty of the brics it is now over there is also a break a dead
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