tv World Business Report BBC News August 17, 2017 5:30am-5:46am BST
this is bbc world news. the headlines: donald trump, the businessman president who bills himself as the ultimate deal—maker has just lost his 2 business advisory panels both of them, officially, dissolved by the white house but onlyjust before they fell apart, as leading figures resigned in protest at mr trump's statements on the charlottesville violence. two former republican presidents weighed in today, criticising his stance. at least 100 children are among the 400 people now known to have died in a mudslide in sierra leone's capital freetown. heavy rains brought down a mountainside. more than 600 people are still missing. south korea's president moonjae—in has been holding a news conference to mark his first 100 days in office. he spoke about the rising tensions with north korea, but assured his people there would not be a second war on the korean peninsular. the bbc has discovered that some former child soldiers with the so—called islamic state
group are now living in europe although most authorities are unaware of their past. it's believed at least 2,000 children received military training. now it's time for world business report. president trump disbands his business councils, as american business leaders abandon him over his comments on the charlotteville protests. "the worst deal ever". that's how donald trump has described the north american free trade agreement, a pact between the us, canada and mexico. welcome to world business report. i'm jamie robertson. also in the programme, rico will talk us through some surprisingly strong economic data
from some asian economies. but first, us president donald trump has closed down two white house business councils. this comes as several business leaders started walking away from the groups, in a reaction against the preisdent‘s response —— president's response to the deadly protests in charlottesville, virginia. despite belatedly condemning the white supremacist and neo—nazi groups that rallied, on tuesday, mr trump appeared to defend the rally‘s organisers. samira hussain reports from new york. it was the tweets that said it all. 0n it was the tweets that said it all. on wednesday, donald trump disbanded to councils to bring jobs to america. but the move was more about saving face. i especially want to thank ken
frazier. in a statement, ken frazier said he felt a responsibility to ta ke said he felt a responsibility to take a stand against intolerance and extremism. by monday evening, their ceos of intel and underarmour, the presidents of the alliance of american manufacturing and others all left the council. they are not taking theirjob seriously as it pertains to this country. after commenting on the corporate resignations at a press conference on tuesday, the president then blamed both sides for the deadly violence. you had a group on one side that was bad and you had a group on one side that was also very violent and nobody wants to say it but i will say it right now. after those comments, the exodus from the business councils was fast and furious. it is rare fur corporate america to publicly distance themselves from president of the
united states but this is a different kind of administration and many believe mr trump crossed the line. these defections really show that corporate america is no longer waiting for mr that corporate america is no longer waiting foertrump to that corporate america is no longer waiting for mr trump to deliver on any of his pro—business policies. it's day two of talks to renegotiate the twenty—three year old north american free trade agreement, or nafta, between the united states, canada and mexico. talks to overhaul nafta, which president trump had once vowed to tear up, will be watched closely by america's trading partners around the world. currently trade between these three countries is worth about $1 trillion annually. (00v) but the us buys more goods and services from its neighbours but the us buys more goods and services from its neighbours than it sells to them, so has a yawning trade deficit — more than $12 billion with canada and more than $55 billion with mexico.
trump wants a deal that helps us firms sell more to these nations. nafta was born well before smartphones were around, so the us trade team want any deal modernised for the digital age and e—commerce. while auto and farming industries traditionally have a big say in trade talks, the technology industry is ramping up efforts to influence washington. tech firms want free flows of data, low tariffs as well as global cybersecurity standards prioritised. with me is professor david collins, university of london. does it need changing? we are now in the post—industrial age. does it need changing? we are now in the post-industrial age. we are seeing an increase in trade and services. we have the internet now. this is an agreement that need to be renegotiated and donald trump is seizing a good opportunity to do this now. as america lost out as
badly as it says? i don't think so. it's been great for all the countries. it doubled the trade that was taking place from the 80s. the idea there was this great expression. ross perot saying there would be the sound ofjobs disappearing. that is a fallacy. the reason the job losses have been automation. it is not due to globalisation and not due to trade. tearing up nafta was never on the cards. it's a good opportunity to get it modernised. let's look at what might be modernised. technology, the yawning gap. e—commerce needs to be addressed. there needs to be increased market access for telecommunications, particularly in the canadian market.
that is done in much more of a cross—border manner. there would be the other issues such as data protection and data flows. would it be easier to deal with? some of them would be easier than others. some of them will relate to data protection issues. there is a perception that the us is not great with that start a protection laws. there is a bit of nervousness on the part of canadians having their darts are controlled by american companies. —— date. canada has been reluctant to open up its telecommunication markets. those will be interesting to watch. thank
you very much indeed. rico hizon is in our asia business hub in singapore. let's start with japan which had trade figures out today. very common —— from very promising, beating expectations. exports rising for eight straight months, driven by a robust shipments. speaking to economists, they say this could be a sign that the economy is showing increasing signs of strength with private consumption adding to this growth momentum. total exports. increasing by13.1i%. exports to the us arising ii.5%. shipments to the mainland gaining i7.6% mark in a ninth straight month of gains.
philippines, home, sweet home for you. it is one of the fastest growing economies. it is now growing at eight consecutive quarter. already one of the world's fastest—growing, the philippines has been boosted by strong domestic demand and planned spending on roads, railways and ports. looking good going forward. expectations are high for alibaba's quarterly earnings report due out later today. chinese consumers' demand for shopping online has made alibaba the dominant player in that sector. companies like alibaba, taobao and aliexpress. but it's notjust online anymore... alibaba is now building a brick and mortar presence as well by buying intime retail.
ryanair has accused lufthansa and the german government of conspiring to carve up collapsed airline air berlin. lufthansa is negotiating over buying air berlin planes, which are still flying following a 150m euro german government loan. the german government rejected the accusation and said its support for air berlin did not breach anti—trust rules. there is an increasing feeling in the markets that it is going to be delayed, interest rates in the us. the federal reserve issued the minutes and it shows members anxious in holding operates until they had a clearer idea about inflation. let us move on and give you an idea about how the markets ended. the dollar was the main casualty. don't forget,
you can get in touch with me and some of the team on twitter. see you later. alligator far too many older people are suffering in silence when things go wrong with their nhs care, the ombudsman saying it is often their relatives who have to step in to complain that many do not believe it makes a difference. there aren't many complaints from older people, despite complaints to the ombudsman. older people are relu cta nt to the ombudsman. older people are reluctant to complain, they feel it is difficult, they feel that care may be compromised and because they
don't think that it will make a difference to their situation. these are difference to their situation. these a re u nfortu nate difference to their situation. these are unfortunate circumstances. 0ften, are unfortunate circumstances. often, their are unfortunate circumstances. 0ften, theirfamilies are unfortunate circumstances. often, their families have are unfortunate circumstances. 0ften, theirfamilies have to intervene. the ombudsman and the social networking site gransnet survey of users. the ombudsman says the nhs must make it clear on how to complain and those who do must be convinced future ca re those who do must be convinced future care must not stop —— will not suffer. in response, the department of health said when things go wrong, it's incredibly important to listen to the concerns of patients and their families. by listening to mistakes, it can improve treatment. thousands of low—paid workers are to receive more than £2 billion of back pay
after—tax investigations by the government. 0ver after—tax investigations by the government. over 230 employers were found to have paid less than a nonwage. the worst offender was argos. most of the historic world war two aircraft that make up the pattern. —— battle of britain memorialflight had pattern. —— battle of britain memorial flight had been grounded because of engine issues. the hurricanes spitfires and lancaster bomber have been affected. 0ne display has been cancelled with others under threat. this is bbc news. the headlines: an impromptu visual is held at virginia university as president trump faces a backlash from business leaders over his response to the cha rlottesville over his response to the charlottesville violence. more than 100 children are among the 400 people now known to have died in a mud slide in the capital of sierra leone. heavy rain has brought down a mountainside and more than 600
people are still missing. and south korea's president moon has held a news co nfe re nce to korea's president moon has held a news conference to mark its first 100 days in office, speaking about the rising tensions with north korea but a short is people they would not bea but a short is people they would not be a second war. and the bbc has discovered that some former child soldiers with the so—called islamic state group are now living in europe, although most authorities are unaware of their past. it is believed that beast 2000 children received training. now it's time for our newspaper review, where we look at what's making headlines around the world. starting with the financial times, which has more coverage on the fallout from charlottesville. this article looks at donald trump disbanding two of the white house business advisory councils after ten members quit. it follows the president's comments blaming both sides at the rally in virginia. in the times, an analysis of hate
group numbers in the us, which have hit a near historic high. there are more than 900 active hate groups across the us, and there's been a surge in ku klux klan membership, according to the southern poverty law centre. also noted was a spike in anti—muslim hate crimes following mr trump's election win. in the uk, thousands of students will today learn their exam results to enter university. 0n the guardian front page, there's high praise from one headteacher to 56 children who were affected by the grenfell tower tragedy. many of them fled the inferno, and hours later had to sit a maths exam, some of them wearing borrowed clothes.