Global Business Leaders begin reassessing their ties to saudi arabia stoking pressure on the gulf kingdom to explain what happened to missing journalists Jamal Khashoggi also coming up mixed emotions on Global Financial markets turbulence made its way back on to the Trading Floor this week the dow managed to bounce back a little bit still closes down around four percent for the week. They say is your Business Update on how to humphrey in berlin glad you could join me some high profile Business Leaders are reviewing ties with saudi arabia over missing journalist. The head of the biz pulled out of an Investor Conference in the Saudi Capital Riyadh this month and british billionaire Richard Branson says hes suspending two directorships Links To Tourism Projects in saudi arabia hes also putting talks to invest in a Saudi Space Program on hold. While a senior u. S. Official has told reuters that major u. S. Defense contractors had expressed concern to the trumpet administration that nor mak
Von Der Leyen: "We do not accept distortion from the inside, we should not accept it from the outside either," she told a conference on China in Berlin, noting this was why the EU had launched an investigation into imports of Chinese electric vehicles.
high cards. we need acts they need access to our market. lester eric, china s trade surplus against the u.s., merchandise trade surplus with a hundred and 19.3 percent of its overall merchandise surplus. there is enormous dependence on the u.s. market. i especially need it now than they did last year because their economy is slipping. so the need to export to us. eric: how can it help us to take advantage of that. for us the important think is that we don t want china stealing our intellectual property. they take hundreds of billions of dollars a year of u.s. ip. and that is a mortal wound to her economy because we can t innovate, we can t commercialize our technology, then we do not have an economy of the future. so we better do something. and unfortunately is drastic because previous administrations and president trump a very bad situation. eric: heavenly turnaround. they have these new rules and not having following interfaces in the computers and the sort of
here. you always break down this complicated subject so clearly for us. and i want to start with this, would president xi want to meet with president trump again? i mean, is he looking forward to it? i think he is. the reason is they see this as the best opportunity to prevent the trade friction from escalating and tanking their economy. they think if they can get trump within one on one with him that trump will feel compelled to make a deal and make concessions. that happened in june with kim jong-un but i think china and korea are different in trump s mind. i m trump much more credit with regard to the chinese than with regard to the koreans. arthel: which president has more leverage? it is certainly trump. the reason is the chinese economy is probably contracting right now when we look at the december numbers, they were atrocious. the earlier january numbers confirm a downward trend. there s one statistic that i think really sort of nails this and that is in 2018, china s trade s
this morning after the merge that china s exports dropped by more than four percent in december compared to the same period a year it it s the biggest drop in two years china s global trade plus also signed last year according to chinese customs figures boss crucially china s trade surplus with the u.s. jumped by more than seventeen percent from six fears that u.s. president donald trump might feel the need to crank up the heat in the simmering trade conflict between the world s two biggest economies china s weaker imports also worry analysts raising concerns the world economy might be on track for a slowdown. signs of an economic slowdown in china have been hard to me if and since the beginning of the year the effects are being felt elsewhere to. in britain last week jack your landrover said it s causing four thousand five hundred jobs due to a dramatic drop off in sales in china. there was also