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
Seized in schools across england and wales in the past two years. Also, dreams become Virtual Reality for one british tech firm. Improbable manages raises almost £400 million in one of the biggest ever investments in an early stage European Technology business. And. A close shave for Paddle Boarders in calfornia, after theyre warned theyre swimming next to 15 great white sharks. Good morning. Its friday 12th may. Im annita mcveigh. Welcome to bbc newsroom live. The Labour Leader, Jeremy Corbyn, is to give a major Foreign Policy speech in about half an hour s time in which he is likely to say that he doesnt see himself as a pacifist, because he would use Military Force as a last resort but that he believes Military Intervention has become far too common in recent times. Mr corbyn was chair of an anti war group and opposed intervention in kosovo and serbia. He is also known to bea kosovo and serbia. He is also known to be a long term supporter of unilateral disarmament and the stylist a
On private jets from the man fled madagascars civil war as a child, but soared on to sell planes to the worlds top Business Leaders. And, as always, wed love to hear from you about any of the stories were covering. Just use the hashtag bbcbizlive. Welcome to the programme. Now mexico seems to be the most important foreign country when it comes to Donald Trumps in tray, now that he is us president. And in a few hours time, mexicos economy and Foreign Ministers are set to meet some of his top trade officials in washington as they try to keep border open for trade. And the mexicans appear to have conceeded that to do that. There will have to be changes to the Nafta Trade Deal which also covers canada. N0w President Trump is pushing to bring more Manufacturing Jobs back to the us. Hes already met with the heads of ford, General Motors and fiat chrysler, telling them they must make more of their cars in america. Now the us is a key market for mexico. Taking a look at this graph, you can see
To resolve a dispute about the role of guards. The rmt is still fighting southern on the same issue. Now on bbc news, all the latest Business News live from singapore. Preparing to meet the us president. Japans by Minister Talks to the head of the un day about the auto industry. Hyundai. And the owner of Snapchat Files for share sales and hopes to raise 1 billion. It is friday glad you could join us on Asia Business report. Im rico hizon. It is becoming to be known as the trump shock. Japanese businesses are nervous about criticism from the us president. Shinzo abe will meet him next week in washington and in preparation he has cut his putting, he is getting together with toyotas boss to ward off concerns about the auto industry. One of the main issuesis auto industry. One of the main issues is the japanese yen. As you can see on this Foreign Exchange dollar chart, a lot of volatility against the us dollar. The us president has accused japan of playing the money market to take trade ad