possible? one china policy. how is that ossible? ., , , ., possible? that is basely what has been going possible? that is basely what has been going on possible? that is basely what has been going on over - possible? that is basely what has been going on over the last 30-40 has been going on over the last 30 a0 years. it has been a cornerstone of the america chinese relationship that america acknowledges, recognises one china policy. that will not change. there is a difference between a one china policy that moves towards political unification and a one china policy that wants to maintain the status quo with taiwan being the sovereign entity. not an independent country, a sovereign entity. that is what america and most western countries would like to continue. the question is, how much longer will china continue to live with that reality. i am not so sanguine about a military option being off the table, but it is very clear in the next three years, until 2030 or so, both
now on bbc news, all the latest business news live from singapore. the us federal reserve is set for its next meeting. what can be expected from the central bank? nailed it. how one of singapore s entrepreneurs set up a business empire. good morning, asia. hello, world. welcome to another edition of asia business report. i m rico hizon. it s a tuesday. glad you could join us. we start off with the us federal reserve and its meeting in washington on tuesday. it is not expected to move interest rates but investors will watch for clues about the next rate hike. there is a backdrop of political uncertainty with tensions running high between the us and north korea. i spoke to oui’ the us and north korea. i spoke to our guest in sydney to see what he was expecting. two more rate hikes this year are on the cards. what they have become good at in the last few years is signalling its intention down the road. there has been an interesting shift away from talking about just the been a
business and government voting is under way in south korea, but will new leadership make a difference this time? and, the wasteland. american shopping mauls are deserted and retailers are suffering, so what is president trump planning to do about it? welcome to world business report. i m sally bundock. also in the programme, rico willjoin us from singapore he s seen the latest international monetary fund report on asian economies. but first, today, the people of south korea are voting for a new president. the election comes after the former head of state park geun hye was removed from office as part of an ongoing investigation into corruption. the south korean economy bounced back strongly following the 2008 financial crisis, but in recent years, quarterly growth has struggled to break above 1%. the current frontrunner, moonjae in, has vowed to boost government spending and create over 800,000 newjobs in the public sector. his main rival ahn cheol soo feels the go
thousands of homes have been evacuated in christchurch, new zealand, after two separate fires have combined, covering nearly 5,000 acres. and, a century of the wrens the navy marks the formation of the women s royal naval service during the first world war. it s 5.00pm. our main story is that a potential deal to end the long running dispute on southern rail has been rejected by members of the train drivers‘ union, aslef. in a ballot, 54% voted against the proposal which had been negotiated by the union s leaders. southern says it s hugely disappointed and will be seeking more talks as soon as possible. the union is expected to try to renegotiate the deal. but, for the moment, it means there is still no end in sight to the disruption on one of britain s busiest commuter networks. 0ur correspondent, john young, is at brighton railway station where many commuters affected by the southern rail dispute travel from. more from you and what people have been saying there today?”
president donald trump and his family information was demanded by subpoena after daughter rejected demands to share the data from the u.s. house democrats in june citing privacy laws the bank has loaned the trump organization millions of dollars for real estate ventures in the past let s go straight over to cora bosun in frankfort that which is actually the home of the larger bank. what do people in the frankfurt think about this. well you can be sure that many of the bankers here in frankfurt gossiped and talked about this topic today during their lunch breaks as it was only a matter of time until something like this would be reported it s been known for a long time that the bank had strong business relations with donald trump and with his real estate business that in fact it was the only large bank in the united states which would give donald trump credit after he produced
work set up his own textile business he s now being forced to relocate he s in thai operation the city has al