Think oh we have lost nothing with have. No. Thats we were constantly very beautiful there were yes there are calls to reform the w. T. Oh. First as an organization the w. Cio was established by a group of countries but the decided to remove trade barriers 2nd the conditions for exporting goods to other markets should be predictable and understandable for the actors involved. And what do we have now. Under the pretext of National Security of countries simply ignore the w t o. There is in fact a provision that if a country feels that there is a National Security threats they can choose to stray from the w t o principles is a person now some countries are taking advantage of that the u. S. For example sees all these regulations mainly as a National Security threat. When the w. C. L. Was founded just the spirits and the environment were different. Today that everyone is leaning towards protectionism safeguarding their own interests that may start with one country and then you have a group
Revolution. The ceo of a Company Teaching the world to code. And we are live in ukraines capital to see why voting next week and could be a dangerous endeavor. Lets start with the recovery in europe. Standard poors raising spains Credit Rating. Fitch also boosting greeces rating. David tweed joins us with more. What is the update behind the numbers . I want to start with greece. I am going to read a couple of lines from the fitch upgrade. They are still below investment grade, but moving in the right direction. Remarkable progress on the fiscal front. The most challenging adjustment for greece is behind it, says fitch. There are problems still, but they have managed to have a primary surplus and start Interest Payments in 2013. There is a funding shortfall also say theyy will fill the gap. Just hold that thought. Spain, standard poors, i will read you something from the upgrade. It is because of the improving Economic Growth and competitiveness as a result of spains structural Reform E
Staff in russia by 755 people. And on the day that trump signed the legislation, Dmitry Medvedev went on a tweet storm saying the Trump Administration has shown its total weakness handing over executive power to congress in the most humiliating way. That was five days ago. And we have been looking to see how the transportation would react to this latest move from russia and until today the response had been space basically silence not even a twitter clapback. There has been no response from the administration until today when following a weekend meeting with sergey lavrov, secretary of state Rex Tillerson announced the next u. S. Steps. I told the foreign minister that we had not made a decision regarding how we will respond to russias request to remove u. S. Diplomatic personnel. We had i asked several clarifying questions to ensure i understood kind of their thinking behind that diplomatic note we received but told him we would respond by september 1st. That is Rex Tillerson saying t
Donald trump signed a russians sanctions bill into law. Unlike other pieces of legislation, there was no elaborate signing ceremony. The president signed the sanctions legislation, which was passed overwhelmingly by congress in private, out of the public eye. Prior to the signing russian president Vladimir Putin announced that russia would retaliate for the sanctions by ordering the u. S. To cut its staff in russia by 175 people. And on the day that trump signed the legislation, the Prime Minister went on a tweet storm including this, quote, the Trump Administration has shown its total weakness by handing over executive pow tore congress in the most humiliating way. That was five days ago and we were looking at how the administration would react to this latest move from russia and until today the response had been basically today. Not even a patented donald trump twitter. In fact theres been no response from the administration at all, that is until today. When following a weekend meeti