It is 9 00am in singapore, 1 00am in london and 2 00am in the morning in the swiss resort of davos, where president xijinping has told a gathering of elites from across the world that china wants to be a champion of free trade and stability. Mr xi made no direct reference to donald trump, but his comments are in stark contrast to mr trumps America First vision. The chinese leader warned against a trade war with the us, saying there would be no winners. 0ur Economics editor kamal ahmed has this report. He arrived with full security detail. The president of china, here to speak to an eager audience of political and business leaders. Mr xi didnt actually mention President Elect donald j trump. He didnt need to. The message was clear. Translation pursuing protectionism is just like locking oneself in a dark room. While wind and rain may be kept outside, so are light and air. No one will emerge as a winner in a trade war. He also said that countries should redouble their commitment to the p
It is 9 00am in singapore, 1 00am in london and 2 00am in the morning in the swiss resort of davos, where president xijinping has told a gathering of elites from across the world that china wants to be a champion of free trade and stability. Mr xi made no direct reference to donald trump, but his comments are in stark contrast to mr trumps America First vision. The chinese leader warned against a trade war with the us, saying there would be no winners. 0ur Economics editor kamal ahmed has this report. He arrived with full security detail. The president of china, here to speak to an eager audience of political and business leaders. Mr xi didnt actually mention President Elect donald j trump. He didnt need to. The message was clear. Translation pursuing protectionism is just like locking oneself in a dark room. While wind and rain may be kept outside, so are light and air. No one will emerge as a winner in a trade war. He also said that countries should redouble their commitment to the p
Of sweden. Sweden is not a member of nato. Neither is russia. Good morning, everyone. From a meeting of the World Economic forum, i am tom keene. Francine lacqua will join me in a moment. It is called today. It is adapting to the new world order. We will catch you up on the news in london, with sebastian salek. Europes biggest bank, hsbc, says Trading Operations that generate about 20 of revenue for the Investment Bank in london may move to paris. Speaking exclusively to bloomberg, Stuart Gulliver and was confident about londons future as a financial capital. Stuart this is a decision british people made, so we need to execute it. But london will return london will remain a global mental center. Ofelieve the revenue impact brexit on Financial Services will be made good in two or three years time. I do not see the Foreign Exchange market moving, the equity market moving, the highyield bond market moving. Specific we will happen is those activities covered specific by european legislatio
Getting a feel for things. A young product developer is helping people with hearing disabilities. Reaching out. Japaneseamericans concerned with some of Donald Trumps rhetoric are lending support to another minority community. Lee is suspected of bribery and embezzlement in connection with a political Corruption Scandal thats engulfed south korea. A special Prosecutors Team requested lees arrest warrants on monday. The team accuses his business, Samsung Group, of offering bribes to two foundations and a company in germany. Prosecutors say they amounted to over 36 million. They suspect lee embezzled more than 8 million of that. All the entities suspected receiving the bribes were created or controlled by choi soonsil, a longtime friend of the president. The Prosecutors Team says they can prove choi shared some of the money with President Park geunhye. Investigators allege in return for the bribes the president ial office supported a merger between Samsung Group companies. They believe i
The constitutions on the president s side. He has broad discretion to do whats in the nations best interest to protect our people. Last month trump temporarily banned refugees from seven predom naninantly muslim countr. The Appeals Court dismissed the request asking both sides to file arguments. It says courts should not allow a violation of the constitution. American tech firms are voicing opposition. What are they saying . About 100 i. T. Firms in the u. S. Have filed a legal brief against trumps temporary travel ban. The companies include apple, google and facebook. They say it violates the immigration laws and the constitution and they are expressing concern that the order will damage the whole i. T. Industry. The firms file the brief on sunday with a federal Appeals Court in california. The brief says the executive order inflicts significant harm on american business, innovation and growth. It says the order disrupts ongoing Business Operations and threatens Company Ability to att