world business report. over a barrel. can opec fire up the price of oil without fuelling its us shale rivals? plus no rupee regrets. india s finance minister defends his decision to scrap the country s most popular banknotes. he tells us why the days of cash in hand are over. welcome to world business report. i m sally bundock. also coming up a record close again on the s&p500 how are markets trading in asia? we ll be getting the latest from the region. we start with the price of oil. it affects us all and its future direction could be decided later today at a meeting of the world s top producers. we are talking about opec, the organisation of the petroleum exporting countries. that s the gulf countries led by saudi arabia, as well as others including iraq, iran and nigeria. they have been joined by non opec member russia and they are expected to announce a deal later today to try and push prices higher. let s show you the details. in december opec and non opec countrie
as 2016 draws to a close, we are going to look back on a year which featured two events which will shape the global economy for decades to come. welcome to business live‘s review of 2016, with aaron heslehurst and maryam moshiri. yep, this year saw the uk take that momentous decision to leave the european union. we are going to take a look at what lies in store for the next 12 months. and he did it. the billionaire businessman donald trump wins the race for the white house. he has made some bold announcements, but was it all talk and no action? and, of course, it has been a turbulent year for the global market. oil prices hit that historic low. there is light at the end of the tunnel, of course, following a landmark deal between members of the opec countries. and exploding phones, driverless cars, and virtual reality. it has been an eventful 12 months in the world of tech, but what can we look forward to in 2017? we will speak to our resident gadget guru, rory cellan jones.
and there is a lot of support for that within the ranks of republican senators, because many of them still have a big problem with the way the high school era accusation of dr. christine blasey ford, and the college era accusation of deborah ramirez, were brought to their attention. it s amazing to me that these allegations come out of nowhere at the last minute, and that they weren t brought up earlier in this process. it s not on the-typical for our friends on the other side to pull that kind of crap. don t forget, his stripper, who escorted him throughout those meetings in the summer, is now the newest g.o.p. senator, john kyle. he was asked if he ever picked up on a character flaw, and he said he did not. sandra? sandra: peter, any undecided democrats hinting that they might support his confirmation? not yet, but there are some democrats who say they still want to hear more. that has to be something more than just an allegation, okay? i think it s very serious. the s