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samsung s group leader offers an apology before he takes the hot seat asa apology before he takes the hot seat as a suspect in south korea corruption scandal. it is a $3 billion industry, as parents spend big time for high tech smart toys sales are growing fast. good morning, asia. hello, world. it is thursday. lagutin during us for this edition of asia business report. we start with samsung and the group leader lee jae yong has arrived at short time ago with the south korean prosecutor office for questioning over bribery suspicion is, it is pa rt over bribery suspicion is, it is part of a scandal that may permanently unseat the president. samsung is accused of giving donations to non profit foundations toa donations to non profit foundations to a confidant of the president in return for assistance in a business transaction. mr lee apologised. translation: i am very sorry to the south korean people. samsung has denied any wrongdoing, so what do prosecutors hope to fin ....
many will be on line there is the hashtag, our e mail and social media contacts hashtag, our e mail and social media co nta cts a re hashtag, our e mail and social media contacts are on the screen throughout the programme. the fall out from leaked dossier with allegations that russia has compromising personal material about donald trump continues to demand our attention. mr trump says he s spoken to the us national intelligence chief. first, the dossier was produced by a private company and its circulation is not illegal. second, if that s how the call went, that s not how mr clapper described it. he earlier released a statement saying us intelligence has not made any judgment that the information in this document is reliable . he also rebuffed the idea us intelligence leaked the dossier. we re also learning more details about the man who wrote this dossier. his name is christopher steele. he runs a private intelligence firm called orbis. he s also a former uk in ....
business news live from singapore. donald trump and vladimir putin speak. are we about to see big changes in us russian business negotiations? and fashion. what leads some asian parents to spend thousands! good morning, asia. hello, world. welcome to asia business report. it s a monday. us president donald trump s immigration policy has nominated the headlines this weekend. but he also had a phone conversation with the russian president, vladimir putin, aimed at clawing the frosty relationship. thrawing. they did not discuss lifting sanctions, apparently. earlier, i spoke with someone to see if the sanctions have had a major impact on russia. international trade has dropped down from 25%. that is like $136 billion, quite damaging. as a result of the sanctions, has this drawn russia into the arms of other trading nations like china and countries here in asia, for example? with china, it is actually a very big front for international trade. 0ver 90 billion us dollars ....
tonight, and he is coming off a summit with some of the people who were his strongest detractors during the campaign. senior national correspondent john roberts is outside trump tower again tonight. good evening, john. bret, good evening to you. it was the highest profile summit yet at trump tower, which is directly behind this bus behind me, and also the highest dollars. donald trump played host to high-tech billionaires, most of whom actively campaigned against him in the election. well, i just want to thank everybody. reporter: it was a crowd that just weeks ago had been openly hostile to donald trump. amazon founder jeff bezos who during the campaign claimed trump was eroding the democratic process. apple ceo tim cook who raised millions for hillary clinton. facebook coo sheryl sandberg also backed hillary clinton, as did tesla and spacex founder, elon musk. today trump urged them all to put political differences aside and focus on growing the economy, point out tech sto ....
about mexico, here is president trump announcing the cancellation of his meeting with the mexican president in philadelphia today. the president of mexico and myself have agreed to cancel our planned meeting scheduled for next week. unless mexico is going to treat the united states fairly, with respect, such a meeting would be fruitless and i want to go a different route. we have no choice. so david, was this sort of a mutual agreement, a mutual cancellation, or do you think that the mexican president pulled the plug? i think that the mexican president pulled the plug, and he did that because donald trump frankly put him in a corner. he kept in a tweet sort of pushing mexico saying you know you have to pay for the wall. i think nieto has to worry about his own political audience, mexicans were outraged, angry at him for months, if we talk this way to china, chinese are not going to stand for china backing down. this is very different from a business deal where you re blu ....