The white house tells mexico and canada it wont cancel the north American Free trade agreement, but will renegotiate it. The peso and Canadian Dollar soar. Plus, is it Terminalfor Alitalia . Italys Flag Carrier Battles to stay in the sky as its rescuer pulls the plug. Welcome to World Business report. Im aaron heslehurst. Also coming up, raking it in, but are they worth it . Top bosses face their shareholders amid growing concern over excessive boardroom pay. We start with president trump, because once again hes taken the Business World by surprise. The white house has confirmed it has told the leaders of canada and mexico they wont be scrapping the north American Free trade agreement. But instead they will seek to renegotiate the terms of it. That has sent the Canadian Dollar and mexican peso soaring. President trump has repeatedly vowed to pull out from the 23 year old trade pact with the two neighbouring countries, calling it the worst trade deal in history. He already used an execu
Barriers. Now on bbc news, all the latest Business News live from singapore. Negotiators from the us, canada and mexico meet today to lash out a new north American Free trade agreement. One of the worlds Biggest Shipping Companies releases its latest earning numbers. What will this tell us earning numbers. What will this tell us about the state of global trade . Good morning, asia, hello, world, glad you could join us for Asia Business report. Im rico hizon. Later today in washington, dc the first round of negotiations will start for nafta, the north American Free trade agreement, a pact between canada, the us and mexico. The us president made a campaign to promise to renegotiate the deal signed in 1994. Any other disagreements are between the us and mexico, but there are also issues in canada, one of them Softwood Lumber. To get to the root of this problem we sent our correspondent to the state of maine. Theres a lot of uncertainty. Nobody knows where this will go. Theres a lot of tal
An israeli soldier who shot dead a wounded palestinian Knife Attacker is found guilty of manslaughter. And dismantling a dinosaur, as Dippy The Diplodocus bids farewell to the National History museum ahead of a nationwide tour. Im a bit sad that hes going, but maybe i can see other dinosaurs, maybe. What do you think of dippy . He goes rahh. Its 5pm. Our top story. The European Commission has said it regrets the resignation of britains Eu Ambassador, saying sir ivan rogers was very knowledgeable and always defended his governments interests. Meanwhile, the brexit secretary, david davis, has been urged to clarify the governments plan for leaving the eu. Mr davis labour shadow, keir starmer, is calling for a statement to be made to the House Of Commons. Well be hearing from mr starmer in a minute, but first this report from our Political Correspondent, ian watson. Camera shy in public, outspoken in private. Sir ivan rogers has exited his role as britains Eu Ambassador. When the bbc revea
president enrique pena nieto and justin trudeau, we have worked on this agreement long and hard and we have taken a lot of barbs and a little abuse and we have gotten there and it s great for our countries. thank you for your partnership throughout this process. this new agreement will even su ensure future prosperity. it has been so well reviewed i don t expect to have much of a problem. to ensure the complete implementation of our agreement. enrique, i want to thank you on a personal note and wish you the best, and this is your last day in office and it s an auspicious day when you can sign something so important, and we appreciate you and i think i can speak for justin when i say that. [ applause ]
donald, it s all the more reason why we need to keep working to remove the tariffs on steel and aluminum between our countries. [speaking foreign language] with hard work, goodwill and determination, i am confident we will get there. our shared interests, prosperity and security demand it. before wrapping up, i would like to personally thank our foreign affairs minister along with u.s. trade representative, bob lighthighser for all their hard work and dedication since the beginning of this process, and i would like to thank the chief negotiator and the ambassador