Its all being driven by wall street optimism about the state of the worlds biggest economy, and, despite all the controversy in the white house, the pro growth policies of President Trump. On thursday, a report showed the us private sector created 250,000 newjobs in december a third more than was expected. That could bode well for official us jobs numbers out later today. Earlier this week, the Federal Reserve revealed it has boosted its growth forecast for the us economy this year to 2. 5 keeping up the pace seen in 2017. Those fed minutes also showed this was, at least partly, down to the 1. 5 trillion worth of tax cuts President Trump signed into lawjust before christmas. And these graphs speak for themselves. Us shares setting record after record since the president was inaugurated a year ago. Despite all this, millions of working americans have yet to feel the benefit. Average earnings have been stagnant for the past decade. But that could change this year as 18 states finally bri
Between the two sides. So, for the first time, Prime Minister theresa may will welcome European Business leaders to downing street later. She wants their input on how to minimise disruption after march 2019. 15 leading business organisations from across the continent, including experts from the confederation of british industry and institute of directors, will be there. Last year, the uk exchanged about 730 billion worth of goods and services with the other 27 eu countries. That amounts to 43 of total uk exports. The export of cars and chemicals take the biggest share. Mrs may had a bit of a torrid weekend, with some of her party allegedly preparing for a vote of no confidence in the Prime Minister. But her defence secretary came out in her defence, and said that, with brexit, she is towing a straight line. The Prime Minister in her florence speech made absolutely clear the generous offer that reason is putting forward. We want to have a cooperative relationship with europe, but she ha
For the first Big International environmental meeting since donald trump pledged to pull the us out of the paris climate agreement. Projections for 2017 suggest levels of Carbon Dioxide will actually rise for the first time in four years, with the big global economies having a major impact. The main cause for the rise in co2 emissions is the increased use of coal in china as its economy grows. In the us increased use of renewables means emissions are on the way down but not as quickly as hoped. Europe is also seeing a reduction in Carbon Dioxide but again only by around 0. 2 . In bonn, patricia espinosa, executive secretary of the United Nations Framework Convention on climate change, expanded on chinas role. China is one of the most important partners in this process and the world really recognises the role that china is playing in finding Innovative Solution to the problem. China itself is facing problems common to so china itself is facing problems common to so many china itself is
Zooming exports and crumbling classrooms. The paradox of germanys lopsided economy. Plus will iran Stay Open For Business . Conservatives pledge to roll back rouhanis reforms, as companies nervously await next weeks president ial election. Welcome to World Business report. Im Tanya Beckett. Also coming up, playing for big steaks. China agrees to buy us beef as trade talks continue. But first we start in europes economic powerhouse, because in a couple of hours time, germany will release its latest gdp figures. Growth is expected to have accelerated in the first three months of the year, fuelled by Global Demand for the countrys exports, like cars and machinery. But its not all cause for celebration. Let me show you why. Last year, germany clocked up its biggest ever trade surplus. Thats how much more it exports than it imports. At 275 billion germany has one of the biggest Trade Surpluses in the world. Its a source of tension with its neighbours and allies. Look at how much more german
Its been a long week for barclays Ceo Jes Staley and it ends with him fooled into replying to an email he thought was sent by the banks chairman but was actually from a prankster. Well tell you what he wrote later, but first we want to know have you ever sent an email to the wrong person . Just use bbcbizlive. Hello and welcome to Business Live. We start in europes economic powerhouse, because in the last half hour germany has released gdp figures for the first three months of the year, and they show an economy thats accelerating. It grew 0. 6 on the previous quarter. That translates to an annual rate of 1. 7 . Its being fuelled by Global Demand for the countrys exports, like cars and machinery. But its not all cause for celebration. Let me show you why. Last year germany clocked up its biggest ever Trade Surplus, thats how much more it exports than it imports. At 275 billion, germany has one of the biggest Trade Surpluses in the world. Its a source of tension with its neighbours and a