Will actually achieve. Now on bbc news, all the latest Business News live from singapore. The un hits north korea with its harshest sanctions yet over its nuclear and missile programme. And trading in big bucks for cash. Sowing the seeds of a childhood dream. Good morning, asia. Hello, world. Welcome to another edition of Asia Business report. Its a monday. Iam marika Asia Business report. Its a monday. I am marika oi. The Un Security Council unanimously approved tougher sanctions against north korea which could cost the country 1 billion a year. The us and china agree to the new measures after a month of talks with the hope they will Pressure Pyongyang back to the negotiating table. Our reporter is on the story. Tell us the details of these new sanctions. As you mentioned, it is the toughest yet. Critically, china is on board. For these new sanctions to be effective, china needs to step up to be effective, china needs to step up to the plate, which they seem to have done. They take 90
Now it is time for World Business report. Battling to boost prices. Opec meets to check who is sticking to the rules on Production Cuts, as the price of Oil Continues to flag. And the business of birth. We take a look at the cost of delivery around the world, starting in turkey, which has the highest rate of c sections in the world. Welcome to World Business report, im sally bundock. Also in the Programme Financial markets start the week on a high in asia. And south korean courts are holding their Closing Arguments in the trial of samsungs jay y lee. For most of us, a Lower Oil Price is a good thing. It means it costs less to fillup ourcars, and if you run a business, transport and energy costs are cheaper. But for the countries that sell oil, lower prices is a real headache, which is why opec, the cartel 01 14 leading producers, has been trying to push up prices. Today and tomorrow, they are meeting in abu dhabi. Since january, opec and 11 other Oil Producing countries have been aimin
last 40 or so years. and then, of course, there s also the issue of north korea as well, with president biden hoping president xi would do more on that to help the united states pressure pyongyang not to continue provocative missile tests. president biden doesn t seem too preoccupied with the high stakes nature of this meeting, given that he does have a relationship with xi that goes back over decades of their shared political careers. he talked about that here in phnom penh earlier today. i know xi jinping. i know him well, he knows me. we have very little misunderstanding. we ve just got to figure out where the red lines are, what are the most important things to each of us going into the next two years, and his circumstances changed to state the obvious. i ve always had straightforward discussion with him. there s never any miscalculation about what each of us where each of us stands. i think that s critically important in our relationship.
white house, where things stand, fox news kristin fisher. the white house is downplaying the threat from north korea, president trump said today, the north koreans haven t said anything to the white house about canceling this moment, they only know about it. the white house press secretary said that threats do not come as a surprise. this is something that we fully expected. the president is very ready for tough negotiations. and ifgh they want to meet, we l be ready. if they don t, that s okay, too. we ll continue with the campaign of maximum pressure. like i just said, if they want to make, the president will be ready. north korean officials cited ongoing joint military drills between the u.s. and south korea as part of the reason why they are reconsidering. another reason, they say they have no interest in and one-sided affair meant to pressure pyongyang to abandon its nuclear weapons.
the following reason. it broadcasts trump with the chinese, korea and the 45 million twitter followers. and we know the chinese don t react well to being publicly chastised for a lack of action. we know president trump would like the chinese and russians to do several things, including cutting off diplomatic contact, which neither have done. russia had a diplomatic group in pyongyang last week. president trump wants both china and russia to cut off energy exports. i think some sort of energy embargo would have an impact. again, last week, the russians indicated they perceived negatively additional steps to pressure pyongyang. i don t think it s likely they are going to cut off oil exports. with everything that is going on with the u.s. and russia and the russia investigation and since michael flynn pled guilty they are pushing it off as fake