Latest incident is relatively minor in comparison to last months attack on iran cos facilities there was no impact on Oil Facilities here and we dont expect any disruption to markets you know with the trade of crude going for as you mentioned earlier in the segment prices did rise above 2 percent however they have since moderated about one percent gains off the news so this point it seems to be a relatively minor impact to oil markets but the International Energy agency certainly warns that there is some volatility that is having an effect on Energy Prices but there are all the also all the factors weighing on the Energy Market could you elaborate on that. Thats correct so from our view here future lesions what we see is some definitely bearish sentiment in the market place this person meant is really predicated off the view that the Global Economy is slowing were seeing weakness in a lot of key markets fuel demand is down in the emerging and developed markets in addition to us china trade war tensions escalating with the kind of tit for tat tariffs that we see going for the geopolitical risk premiums that we would have expected from tensions in the middle east have failed to hold the gains that there how so the us any kind of disruptions that we see of the type that were announced today with the apparent tanker attacks you know we expect those to have little little weight in prices Going Forward in terms of upside pressure all right joseph get your head of oil and gas analysis if its the lucians in london thank you so much for your time. Thank you. Well trade talks between china and the u. S. Are entering their 2nd day with president on a trump striking an optimistic note hes described today one of the negotiations in washington as quote very very good nevertheless is a reminder of whats at stake now so far the u. S. Has slapped tariffs on 550000000000. 00 worth of chinese products china intern has said levys on 185000000000. 00 worth of u. S. Goods that amounts to 735000000000. 00 in total and that figure could just be the tip of the iceberg that it would have terrorist cover a wide array of good sprouts from steel and many and to meat and fish vegetables mushrooms and nuts to tobacco and jews many sectors are affected on both sides of the pacific now later today donald trump will meet chinese vice premier you he passed meetings between the 2 have yielded progress for example in january china increased its soybean post. Assists and their february talk resulted in a delay in tariffs nevertheless this of course has the 13th attempt to break the negotiation deadlock and earlier we asked rank of berridge from one x. Europe in london to tell us about the main stumbling blocks. So its pretty clear now that if the us wanted the deal to cover cultural purposes purchases maybe some were juiced tariffs and some changes to for example chinese regulation of Foreign Investment into china that deal could be struck its clear that theres appetite on the trainee side to do that deal the roadblock has always been the u. S. Is desire to place binding constraints with a Legal Mechanism on chinas ability to appropriate conflictual property from overseas because this is directly ties into chinese ambitions to grow the economy and to increase their position on the manufacturing chain so thats the real roadblock its the ip provisions. And meanwhile chinese president xi jinping is paying a Courtesy Call on indias no random ot the 2 leaders will be looking for common economic ground together india and china make up nearly one 5th of the Global Economy china wants to boost straight with india and as its conflict with the u. S. Continues to bite india is hoping for chinese investment. Situation powerhouses have a complicated relationship and india is putting on a smiling face to welcome xi jinping. The heartfelt hello comp mosque the challenges though in the past few years india has been left behind as chinas Economic Growth the shot ahead chinas economy is now 5 times out of indias. The 2 leaders will try to break the lengthy deadlock over a Free Trade Agreement china is indias largest trading partner to trade war with the us means china wants to boost trade with india. Direct investment into india has risen to about 45000000000. 00 and china is keen to be a major player in the growing indian market. Indians love chinese smartphones and other equipment but india wants more trade going the other way to bring down the 57000000000. 00 trade deficit. There are common interests but warm friendship has proven elusive the indians dislike chinas close ties with bitter rival pakistan to china Pakistan Economic corridor is a key part of shes belgian Road Initiative she met pakistans Prime Minister imran khan this week for talks. Only if india and china can put these disputes on hold and they face into a future of joint cooperation. In india and china are 2 giants of course in terms of population in terms of Economic Growth and the huge rivals and for more im joined by china expect clifford couldnt give it someone came up with a term for the 2 of them frenemies whats this summit all about then well i think from his very optus scription there are 2 countries that know each other very well their neighbors their rivals they both for many years they were sort of growing at the same pace and then suddenly in the last few years chinas just straight ahead and india sort of in the background a lot they have a lot in common but then they have these huge regional differences as well theyve got a lot of this kashmir there they differ on the relationship with pakistan so i guess theyre going to me say it looks to me more like a friendly meeting a Courtesy Call rather than an official summit but theyre going to meet and try and at least. You know overcome some of these differences or give the impression that theyre able to overcome some of these differences that i said they did to rivaling powerhouse in asia what is the Common Ground where they can benefit from each other well the indians are a bit concerned because at the moment the trade deficit with china is so large at the same time china is worried because india is getting closer to the u. S. And its keen to bring regional powers together so i think theyre both members of bric so along with brazil russia south africa and you know theyre keen to sort of to come together a bit closer to the chinese would be keen for everyone to come together a bit closer and to build on the need for indias need to have increased. Trade with china now lets say there was to be closer ties between beijing and delhi what would that mean for the region well it could be very interesting i mean i think india is always concerned china has now become so far ahead economically that it could leave india very far behind it could become like mexico to the United States as we were discussing earlier and i think. The result is our concern there but ultimately they do need to growth so i think regionally. If the if the if there are better Economic Cooperation that can only mean good things in terms of of the geopolitical questions so over the longer term maybe there will be better Economic Cooperation and just just very briefly is this meeting in any way so it will for having an influence on the relationship between china and the u. S. I think its chinas looking china needs all their options now as things become strange with the u. S. Even if there are signs weve just seen that there may be they may be getting closer on trade i think that china still needs it still needs to have big partners like india in the way its also done with russia. Does it has these big partners that it can it will have some way of opposing the u. S. Or standing up to the u. S. So you can put all your eggs in one basket we all know that cliff is going to thank you so much for your time. And now to some of the other Global Business stories making news. French carmaker 10. 00 has fired chief executive officer of the boy law it comes after a nose partner for this son named a new c. E. O. Both car makers want to get past the scandal around former chief economist goan jailed in japan for alleged financial misconduct. The c. E. O. Of a German Software manufacturer s. A. P. T. Bill mcdermott has unexpectedly resigned germanys most valuable listed company has not given a reason for his departure after 9 years in the post has been replaced by a Board Members Jennifer Morgan and jan klein with immediate effect. The u. S. Federal Aviation Administration has been accused of failing to properly review the Safety System on the boeing 737 max and as you still make an assumption has been blamed for 2 deadly crashes an International Panel of safety regulators says the f. A. A. Hadnt been adequate understanding of how it worked. India is considering restricting imports of some products from malaysia as a diplomatic route over kashmir spreads indias planned restrictions are in reaction to malaysian Prime Minister Mahathir Mohamad scritches system of new delhis actions in kashmir Malaysian Palm Oil and other products are to be affected however the malaysian Prime Minister told reporters on friday he hadnt received anything official from india. A News Agency Reuters reports apple c. E. O. Tim cook has defended the companys decision to remove a mapping app used to track Police Movements during hong kong protests he says the firm made a decision after it received credible information the op had been used maliciously to target individual Police Officers that means it violated hong kong law and thereby broke the App Store Rules which apps which could cause personal harm apple has faced criticism for removing the app with some say it was bowing to pressure from beijing. Business update on g. W. Thanks for. The coming to. The an eco in the local ski coast fascists call made from scratch country colors from bacteria. May not be mass produced sustainable and thats a beautiful freshness cost 30 minutes on the. Present europe at its most fascinating at its most exciting. Most creative colorful glib trendy taste of innovation brilliance charming. And phil is a staple. On the w. Language courses. Video. Anytime anywhere. W. The adventures of the famous naturalist and explorer. 2 celebration clicks on the front boards 250th birthday remarking on a voyage of discovery. Expedition voyage on t. W. Plane. Player. Played. This is big news live from the u. S. Tells turkey its incursion into syria could jeopardize the fight against socalled Islamic State as Turkish Forces advance for a day the pentagon strongly encourages on critics and its military operations against syrian kurds in the region for their life my correspondent on the turkey syria border also on the program
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