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business report. no frills airline, ryanair, thought to be about to announce big annual profits. we ll find out what they are doing right while others struggle. more banks fines in the wake of the 1mdb scandal. singapore s uob and credit suisse are fined just over a million dollars for money laundering for transactions related to malaysia s scandal ridden state fund. welcome to world business report. i m jamie robertson. in a minute we ll have this. japan, how consumers are making a bit of a comeback. the biggest in something like ten years. but first: in a few hours‘ time, the no frills airline, ryanair, will report its latest set of financial results. europe s biggest carrier by passenger numbers is expected to announce a 14% jump in full year profit to around $1.5 billion us. ryanair‘s performance is a sign that its cost cutting measures are helping the business compete as overcapacity continues to dog the industry. investors seem encouraged by the progress the c ....
Then just last week, the administration reimposed some sanctions on that country. and in november, the u.s. can add even more. this coming november, targeting iran s oil industry. in a cabinet meeting today the treasury secretary steve mnuchin talked about the financial punishment. the rollout of the iran nuclear sanctions is going extremely well. we re working closely with secretary pompeo, strongest sanctions in preventing things there. shepard: the president warned our allies last week that any nation doing business with iran will not be doing business with the united states. european leaders say they will protect any europeans doing legitimate business with iran. the president of iran has said that he will not negotiate with the united states while sanctions are still on the table. and he warned the u.s. just last month war with iran would be the mother of all wars. president trump responded that another threat like that would result in consequences, quoting now, the likes of w ....
To have a united front with them. that includes asking the united states for advanced weaponry to come to the south korean peninsula. they didn t specify what the weaponry would be. when asked if that could be nuclear weapons, they say that the south is still committed to the denuclearization of the korean peninsula. we re seeing a tough stance by the south koreans. one they want to take the international community so they can have a united front when isolating north korea. a serious potential for escalation. thanks to ian lee. time for early start and your money. president trump says the u.s. is considering stopping trade with any nation doing business with north korea in response to the country s latest nuclear test. this could mean a halt to u.s. trade with china which has supported economic sanctions on north korea but remains the key economic partner for the rogue nation. china is the united states ....
They want to show north korea that they are ready for any scenario that would involve war. but the other side is a side that we re seeing at the u.n. security council as this diplomatic measures. they re trying to rally everyone in the region to isolate north korea diplomatically and economically, although from what we ve heard from inside north korea, that is having almost a reverse effect with north korea seeing that this is only galvanizing their nuclear program. alex? our thanks to ian lee in south korea. okay. time for an early start on your money. president trump says the u.s. is considering stopping trade with any nation doing business with north korea in response to the country s latest nuclear tests. this could mean a halt to u.s. trade with china which has support economic sanctions on north korea but remains the key economic partner for the rogue nation. china is the u.s. biggest trading partner in goods. ....
Resolution that i m hopeful that congress will produce very shortly which will impose real sanctions on any nation doing business with the state, the nation of iran because it is iran that poses an existential threat to us here in this country as well as israel. on that note of cooperation, very quickly, ten seconds. well, all i wanted to say is obviously the president has said, congress has said, a nuclear armed iran is not an exceptional alternative and we need to be very strong and clear on that proposition. steny hoyer and eric cantor, they agree on that issue. we ll see if they agree on some other issues down the road. gentlemen, thanks very much. thanks, wolf. thank you, wolf. coming up, a cnn exclusive, how do you test a nuclear weapon without blowing anything up? we ll take you behind the scenes at a secret test laboratory. three months every haiti s catastrophic earthquake, thousands of people are still living in tents. we ll get an update when my ....