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Turning up the heat qatars Credit Rating is cut amid a growing political crisis. Plus hes cut ties with his Business Empire but a lawsuit claims President Trump is still flouting the us constitution. He has until tomorrow to respond welcome to World Business report. Im sally bundock. Also coming up chinas trade figures surge in may, they are surging, cheering investors but spelling more controversy in the us. Concerns are growing about economic fallout after fellow arab states cut ties with qatar over their links with alleged terrorist groups. Standard and poors has cut their rating, the stock market is down 10 in the currency is at 11 year low. Qatar is a tiny nation but a very important one business terms. It has one of the Worlds Largest reserves of natural gas it has seen exports of its Liquefied Natural Gas or lng soar in recent years. Thats made the state phenomenally wealthy it has built up one of the worlds biggest Sovereign Wealth Funds, worth around 335 billion. Its used that
National-security-advisorPlaneMyanmarMissilesNorth-koreaAndaman-seaSeaCityOrangeMilitaryWorld-business-reportSouth-koreaAnd from cows to coding. We meet the woman with a remarkable career that began on a farm in rural illinois and has taken her all the way to the shining lights of silicon valley. And with polls now open in the uk General Election, we promise a politics free programme. So let us know what you make of the stories were covering today. Get in touch in the usual way. Use the hashtag bbcbizlive. Hello and welcome to Business Live. When we say politics free, we do refer to the uk election and not the politicking going on at the moment in the middle east. We start in the gulf state of qatar, where concerns are growing about the economic fallout after neighbouring arab states cut off diplomatic and trade ties over its alleged support of terrorist groups, something doha denies. Late wednesday, top Credit Rating Agency Standard and poors cut qatars Credit Rating, with a warning it could be cut further still. Its stock market is down almost 10 in the last three days, and its currency is at an 11 ye
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