Hundreds of billions of dollars in the us and jobs, jobs, jobs. The words of President Trump as he signs a mammoth defence deal with saudi arabia but who are the real winners and losers . Plus the designs may be chic and stylish but is frantic or placed to start a Technology Company . We have a Special Report as campaigning gets under way in the parliamentary elections. Welcome to World Business report. Im Sally Bundock also in the programme the Trans Pacific partnership is back or is it . Rico willjoin us with the latest. We begin with President Trump who is on his way to israel the next stop on his foreign tour. Over the weekend in saudi arabia he signed agreements Worth Hundreds of billions of dollars between saudi and american firms. The deals are said to be worth more than 350 billion over the next ten years and build on americas decades Long Alliance with the Worlds Largest oil producer. Saudi arabia is trying to diversify its economy away from oil after Crude Oil Prices slumped by half over in the past three years. Among the us firms trying to work with saudi arabias private sector the likes of honeywell, dow chemical and general electric. A key part of the agreement is a 110 billion arms deal which the white house says is the single biggest in us history. It will supply a range of Military Items including planes, ships, sophisticated radar and precision guided bombs. The arms deal is part of a tough stance that mr trump appears to be taking on iran, a move that will please Saudi Arabian officials. Its in sharp contrast to his predecessor barack obama, who in 2015 signed the nuclear deal with iran. Speaking at a summit in saudi arabia on sunday, mr trump singled out iran for criticism, accusing it of fuelling sectarian conflict and terror across the region until the Iranian Regime is willing to bea until the Iranian Regime is willing to be a partner to peace all countries must Work Together to isolate iran, deny yet. Funding for terrorism, cannot do it. And pray for the day when the iranian people have the just and righteous government they so richly deserve. So much to discuss they are. There. With me is esfandyar batmanghelidj, founder of europe iran forum. This is his first foreign trip and he signed his huge deal which i am sure he is extremely pleased about. It ticks boxes with his electorate in the united states. What is your ta ke in the united states. What is your take on this arms deal . There is an argument to be made that trump and the saudi rulers may have overplayed their hand. Over the last few days, two big events have collided, one is the iranian president ial elections which happened on friday. The incumbent won with a 72 Voter Turnout and nearly 60 of the vote. Now nearly a few days later trump gives a speech in which he rails against the Human Rights Violations of iran. The suggestion is that the spectacle of the summit may have actually come across a little bit hypocritical to members of the International Community, as it pertains to us policy with iran. What that means is that for a run mark as it is engaged as with other countries, there may be an opportunity here. One way to look at this comes down to something that the Iranian Foreign minister observed in that he has identified that obama was in fact a very difficult president for iran, even though he is the one who agreed to the nuclear deal. The reason for thatis the nuclear deal. The reason for that is because obama carried weight in the International Community and when he began to dictate his iran policy, particularly around the application of international sanctions, europe fell into line and went on board with the policy. The difference with donald trump is quite stark in that it is an clear oi quite stark in that it is an clear or unlikely that europe is going to fall behind this particular vision of iran that trump has articulated. That may open up some space. So in some ways for iran there is an opportunity in the sense they have more direct line to other World Leaders with not a president obama controlling the International Agenda but, also in other ways it is more difficult with mr trump, President Trump, and as far as he is concerned hea trump, and as far as he is concerned he a huge deal with saudi arabia and deals with iran, where there are huge opportunities as well, pale into insignificance. Absolutely. One way to look at this 110 billion Arms Contract is that it is a transparent effort to put a dollar value on the strategic relationship. Compared to what iran can offer, they have to pending comparable contracts with a us entity to sell commercial airlines to two iranian airlines. The total value of those two deals is only 11 billion. In one single agreement that donald trump has announced, he delivers ten times more economic value for the united states. It is clear that iran will not be able to compete for the us influence in that way. So realistically the Iranian Administration will need to find other ways to engage with both the International Community and, perhaps, with us stakeholders but it is unlikely that they will be able to create a relationship with the us government. And absolutely fascinating Disc Discussion and we shall four that further when we look at the news review and how the International Press is measuring the trip of donald trump to the middle east. That is swiftly move on. Asia pacific Trade Ministers have agreed to resuscitate the controversial tra ns Pacific Partnership trade deal, despite us President Donald Trump abandoning it. Rico hizonjoins us from singapore. Nice to see you. Speaking of mr trump and his policy, he famously almost immediately pulled out of ttp. Everybody else is going to go ahead, is that right . That is correct. It is officially out of intensive care. The Trans Pacific partnership which everybody thought was dead in the water is actually getting a lease of life. We have ministers from the 11 Trans Pacific partnership countries agreed over the weekend that they will complete repertory work by november to quickly enact this free trade pact, even without the us. And, sally, after initially appearing reluctant to move ahead without america, japan is now at forefront of a push along with new zealand. Support has built amongst the tpp11, despite being only a quarter of the trade amongst the original members. Moving forward , the original members. Moving forward, this good of the Bargaining Position of the members in bilateral talks with the us. And it could also undercut the increasingly regional dominance of china, which is not pa rt dominance of china, which is not part of the tpp. That is a bigger but lets pretend to feature of the agreement. So it is agreement go for the tpp. Lets watch and see how it will develop. I am so excited, i could talk that deal for many years to come. Lets talk now about france. France has got a Great Engineering Tradition but with restrictive labour laws and a conservative attitude to risk taking, its not a great place to start a Technology Company. Or is it . A new generation of french tech start ups is springing up and in Emmanuel Macron france has a new president who has been a strong advocate of Technology Firms. From paris, our Technology Correspondent Rory Cellan Jones reports. Meet kika, a Robot Media Centre which will go on sale in the autumn. Wherever you wiring your home you can summon wherever you wiring your home you can summon it to project television on the wall, play music or make any video call. It is the kind of ambitious project you would expect to come out to look in valley. But this is paris. Our startup is central. This man worked for google before starting kika. He said frances already always had Great Engineering Skills and now this translating into great businesses. The leading engineers come from the Great Schools we have here in france, one of their goals is to work ina france, one of their goals is to work in a start up, trade and a start up or working for a start up is something that is really seen as exciting. When it comes to building world class exciting. When it comes to building world class tech firms, france has an image problem. Recipes to be a lot of red tape and a cautious attitude towards investment. But thatis attitude towards investment. But that is changing. And one man could 110w that is changing. And one man could now accelerate that transformation. Ron, you did One Of The Best local start ups and we want to thank you for that. Two years ago, Emmanuel Macron was the Digital Economy minister and popular with the start up immunity. Now he is the president. And at a french Venture Capitalfund, president. And at a french Venture Capital fund, they say this is a story about the changing attitudes here. The election of president macron was a good example. He is 39 yea rs old macron was a good example. He is 39 years old and has never held a mandate before. The french are actually risk takers. Last year there were 12,000 start ups in france. There are 300,000 enterprises, companies being created every year in france. The man behind this high end wireless speaker has been an entrepreneur for 30 years. As he prepares to take this product to global markets, he says frances changing. Now it is very trendy, for example, to be an entrepreneur in france. That was not the case. It is changing but we have to explain every day how it is important. There is bound to be a noisy debate as the new president tries to change the shape of the french economy. But Technology Firms are determined that their voices will be heard. In other news former Royal Bank Of Scotland boss fred goodwin is expected to face investors in court later for the First Time Since the banks near collapse in 2008. Some 9,000 people who lost money on shares are demanding £520 million in compensation from the bank and four former directors, including mr goodwin. They say they were misled over the banks Financial Health in the run up to its £16 billion government bailout. The bank and former directors deny any wrongdoing. Stay with us and we will review other stories in the news in a few minutes time. I will see you then. The Party Leaders in scotland have engaged in their first major debate of the Election Campaign and there were some robust exchanges on the question of a second Independence Referendum. She says a talk about nothing else. The truth is that she talk so much about independence that i cannot get about independence that i cannot get a word in edgewise to talk about it. I have a tory leaflet here. It mentions an Independence Referendum in 26 times. It does not mention the nhs. It does not mention education. There is a simple way. If people wa nt there is a simple way. If people want me to stop fighting independence, there is a simple way of making that happen. Take the referendum of the table. Respect the result. I stood here with you on a platform just like this one year ago and you looked at the camera, you looked at the audience and you promised people that there was no change in support for independence they would not be another Independence Referendum. She speaks all the time about independence but she is not. She is not here for independence. She was ruled by europe, by european bureaucrats. She is not interested in rule by westminster or hollywood. She wants to be ruled by brussels. Whatever she says is absolute nonsense. To be ruled by brussels. Whatever she says is absolute nonsenselj cannot she says is absolute nonsense. cannot ask people in scotland to put up cannot ask people in scotland to put up with it. I will always vote against the second Independence Referendum. People answered in 2014. We spent 2. 5 years debating it and we said no. People would like to move on from that. And you said just after. But scotland voted for the eu. For the snp it is always, a lwa ys eu. For the snp it is always, always about independence. Today is brexit is the excuse. Every other day it could be any excuse at all. We need to council this second divisive Independence Referendum because it is dividing our country and setting us back. We need to council this second divisive Independence Referendum. This is bbc news. The latest headlines President Trumps first foreign tour continues today with a visit to israel and the palestinian territories. Hes set to meet both israeli Prime Minister Benjamin Netanyahu and the palestinian president mahmoud abbas. In saudi arabia, the us president called on muslim countries to take responsibility for tackling extremism. He also used Strong Language against iran, saudi arabias biggest rival. Scientists in the uk are investigating whether many cases of depression could be triggered by an overactive immune system. Researchers are now looking at whether some anti inflammatory drugs might help certain patients. In spain thousands of real madrid Football Fans have been celebrating their teams First League Title since 2012. Players joined the party aboard an open top bus after beating their rivals barcelona to the la liga title
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