of economic co operation. mr musk said tesla is looking for more win win results . according to reports, he has won approval from the chinese authorities for the enabling of a self driving feature on tesla cars in the country. the news has sent shares up as high as 13% in early trading in new york. let s get the details from michelle, who is standing by in new york. that is the issue, one of those self driving features on the car with a sort of holding them back by not being able to deploy it. the news that elon musk once that they can roll that out in china. it is that elon musk once that they can roll that out in china. roll that out in china. it is all to do with chinese roll that out in china. it is all to do with chinese data roll that out in china. it is all to do with chinese data security i do with chinese data security requirements. overthe do with chinese data security requirements. over the weekend, we saw the authority that kind of grants permissions when it
threaten the world s security and prosperity, in an exclusive interview with the bbc. we start in the us where, as you ve been hearing, president biden has been giving his first televised address since taking office. before that though, he signed a record breaking $1.9 trillion economic rescue package for the us into law, after it passed its final vote in congress on wednesday. the first direct payments of $1,400, which will benefit most americans, are expected to start arriving over the weekend. there s also bailout money for state and local governments and an increase in child and unemployment benefit, as welll as more funding for vaccination. the plan was unanimously opposed by house republicans, critics say it goes way beyond what s needed to tackle the pandemic fallout, and risks stoking inflation. so what are the long term implications? ed stringham is economics professor at trinity college in hartford, connecticut, and president of american institute for economic resea
hello and welcome to business live. chinese president xijinping is in russia for talks with his counterpart vladimir putin today. trade is set to be top of the agenda ahead of the 620 meeting of global leaders later this month. the visit will be xi s sixth tour to russia since taking office in 2012. and their meetings seem to be bearing fruit according to china, trade between the two increased by over 26% in the first four months of the year, reaching nearly $25 billion. cooperation is increasing too. russia will be a key component of china s ‘belt and road initiative an ambitious multi trillion dollar project that will link europe and asia via the historic silk road. as part of the project and as a symbol of this close relationship beijing has even agreed to help finance a high speed rail link within russia itself: linking moscow to the city of kazan. joining me now is dr yujie, head of china foresight, at lse ideas. thank you for coming in to doctor us. thank you
with sally and world business report. business leaders and investors are braced for the british prime ministers speech as the pound continues to sink against the us dollar. and we gauge the mood among the delegates gathered in davos. with the rise of populism are the elite in retreat? welcome to world business report i m sally bundock. in a moment i ll be talking to inga beale, the chief executive of lloyds of london who is at the world economic forum. theresa may will today deliver a highly anticipated speech on the uk s future outside the european union. the speech will focus on global britain and how the uk can be an outward facing nation as it seeks new post brexit relations with its trading partners. reports over the weekend suggest the british prime minister will use today s speech to signal the uk will pull out of the eu single market, although downing street described this as speculation. despite this, the pound hit its lowest level for more than three months on the r
and all of the key markets are down by nearly 1%. why such a bad start to the trading week? we talk you through the winners and losers. and we ll be getting the inside track on baby food. it s a huge market worth $53 billion. and we re speaking to the mum who couldn t find what she wanted in the shops, so she started her own organic business. and we want to hear from you today do you still trust samsung? the 58 will be out soon. would you buy another samsung phone? let us know. welcome to the programme. the start of a new business week. do get in touch, whether it is about samsung, baby food or any the other stories. let s start in south korea. korean electronics giant samsung has released the results of its investigation into its flagship galaxy note 7 smartphones. in october last year the phones were recalled because some had overheated and caught fire. the pictures were all over social media. the company today confirmed problems with the design, saying the manufacturing