excellent. a night of serious reflection on a situation that really now needs our attention. absolutely. get to it, my friend. thank you, lawrence. thank you, rachel. katherine tai was born to parents who were born in china, went to yale, and then to harvard law school, became an expert in trade and she served in the bush administration as the general counsel to the united states trade representative, a cabinet level position. general counsel is a very important job. she continued as counsel to the trade representative during the obama administration when the trade representative was an obama appointee. then she became the trade counsel to the house ways and means committee, which has jurisdiction over international trade. today, katherine tai made history when she became the first member of the biden cabinet to be confirmed unanimously by the united states senate. the senate has never confirmed a more qualified u.s. trade representative. as united states trade re
And we look back at the past week in business, when us markets had their worst day since november, and the economy was the main focus in the uk election. Thats all with our Business Editor, simonjack. We always want to hear from you. Its easy to get in touch with the programme just use the hashtag bbcbizlive. Hello and welcome to Business Live. It is friday, we have got that friday feeling. We start in france where the new president , emmanuel macron, says he expects no honeymoon from the public after his first week in power. He now has to try and win a majority in next months parliamentary elections and implement the Economic Policy he says can turn the country around. So what is Macron Economics and can it solve frances problems . Macron calls himself neither right nor left, hes a centrist, and, sure enough, the team he announced on wednesday is a diverse mix of figures from the left, right and centre. He says his Economic Policy is based on the nordic model. Whats that . Basically,
Re elected. Now all the latest Business News live from singapore. Apec Trade Ministers gear up for a busy weekend in vietnam, as it faces restructuring of major trade agreements. And who knew what you could do with used Coffee Grounds . Good morning, asia, hello, world. Glad you could join us for this edition of Asia Business report. Im rico hizon. Trade ministers are gathering in vietnam this weekend and the person they will be wanting face time with, americas new trade representative, who is in charge of president trumps America First policy. Earlier i spoke to the Executive Director of a segment of apec and he told me what ministers are keen to find out. We are pretty interested to talk to the United States trade representatives and have him come and elaborate for us some details of us trade and other related policies. We are pushing ahead with a lot of initiatives in apec. It is a pretty important time. We have to have more clarity on what the us will be supporting, where their sen
Can the other g7 leaders keep the us president On Side Over Trade and Climate Change . Plus from Rags To Riches. Its the Global Capital of cast off clothing but is indias Textile Recycling Trade now under threat . Welcome to World Business report. Im ben bland. Also coming up canadas Trade Minister raises his concerns about washingtons trade policy. We start in southern italy, in the Sicilian Resort of taormina where as youve been hearing, the g7 group of top industrialised nations is starting a two day summit. Itll be the first one attended by President Trump. Hes not the only newcomer of course frances president macron will be among those making a debut as well as british Prime Minister theresa may and the host, italian Prime Minister paolo gentiloni. Lets just remind ourselves how important this group is and whats on their agenda. The seven countries account for getting on for half of the worlds wealth over 46 . But many of them are struggling with comparatively stagnant economies.
From the president against a member of his own cabinet this week, calling the Attorney General wea k and beleaguered. All this on the very day he struggled to get a major piece of legislation on reforming health care through congress. And into this maelstrom walks the British International Trade Secretary, liam fox. He wants a big International Trade agreement with the United States. He needs it desperately if brexit is to be a success. President trump rolled out Senior Republicans to meet dr fox, including the house speaker, paul ryan. But when trump tweets that a uk trade deal is big and exciting, who does he mean will benefit . Before we came on air, i spoke to liam fox about trump, trade and yes chicken. Well hear his thoughts in a moment. First, The Big Picture of whats at stake. At 4 16am this morning, the president of the United States twitter account enthused over liam foxs visit. Our Special Relationship with the uk is going to be even better, the us Trade Representative and u