Business report with sally. Japanese Prime Minister shinzo abe welcomes his uk counterpart to tokyo. Will north korea overshadow trade negotiations . Plus, as Angela Merkel fights for re election in germany, we focus on the million migrants she welcomed two years ago, and the impact on europes biggest economy. Hello and a very warm welcome. This is World Business report. I am sally bundock. In a minute well tke a look at the sharing economy in china. But first, theresa may is lending in japan very soon. She is injapan for talks on everything from defence to brexit and trade. Although the uk cant officially start any trade negotiations until it leaves the european union, both sides are already weighing up what a future deal might look like. While the uks investment injapan is relatively small in 2015 it was just over 6 billion japans direct investment in the uk is worth over 52 billion. And that investment feeds through to the real economy roughly a 1,000 japanese firms operate in the u
After a high turnout forced them to be extended three times. Hello and welcome to the programme. We start with yet more Turbulent Development in washington, hot on the heels of president froms departure on his first foreign trip, us media published two new revelations. The New York Times is reporting that the president described his sacked fbi chief james coney the president described his sacked fbi chiefjames coney as a nutjob. They show document summarising the meeting saying i face great pressure because of russia has taken off. The Washington Post has also published an article saying a Current White House official has been identified Asa House Official has been identified as a significant person of interest. In the fbi investigation into links between russia and the tramp campaign. We will have more for you with our correspondent in a moment. But both those stories were published only minutes after Air Force One took off from Andrews Air Base taking donald trump on his first foreig
Could join us, its midnight here in london and 7am in singapore and we start in berlin where it was all smiles earlier as Angela Merkel played host to le keqiang. He is the second east asian leader to receive the Red Carpet Treatment in berlin this week after indias Prime Minister on tuesday. The more positive mood, a change on last week when the g 7 countries meeting in sicily saw a split with the United States taking a different position to the rest on issues such as Climate Change and free trade. The bbcs joe mellor Climate Change and free trade. The bbcsjoe mellor has been following the events in berlin. Its tempting to read a lot into this, there have been two east asian leaders here and this comes after a week where tensions between the us and germany have never really been higher. Of course these visits are planned a long way in advance and its true to say Press Officers of either delegation if you take a look at the Trade Numbers between china and europe they are improving as y
Could join us, its midnight here in london and 7am in singapore and we start in berlin where it was all smiles earlier as Angela Merkel played host to le keqiang. He is the second east asian leader to receive the Red Carpet Treatment in berlin this week after indias Prime Minister on tuesday. The more positive mood, a change on last week when the g 7 countries meeting in sicily saw a split with the United States taking a different position to the rest on issues such as Climate Change and free trade. The bbcs joe mellor Climate Change and free trade. The bbcsjoe mellor has been following the events in berlin. Its tempting to read a lot into this, there have been two east asian leaders here and this comes after a week where tensions between the us and germany have never really been higher. Of course these visits are planned a long way in advance and its true to say Press Officers of either delegation if you take a look at the Trade Numbers between china and europe they are improving as y
Crude is down some 20 this year, despite opecs attempt to prop it up. And it could have further to go. Plus. On edge over brexit germanys industrial giants fear for the future of their multi billion dollar uk market. We report from the Port City Of Bremen. Welcome to World Business report. I am rachel horne. We also have the story on the excessive borrowing by chinas biggest companies. We start with the price of oil, because, once again, despite the best efforts of the Oil Producing nations to prop it up, it is on the slide. Lets show you whats been happening. This week the talks all been about this guy hes back. Traders refer to a bear market when the price of an asset falls 20 from its recent peak. It often signals a loss of confidence and further falls to come. Since the start of the year, crude has done just that. It is down over 20 . It was 56 per barrel in january, and it is down over 20 . It was 56 per barrel injanuary, and is now below 45 in the middle of this week. Back in nov