BBC World Service – World Business Report, Global markets in flux as trade war between China and US escalates

2 months ago


Wall Street closes for the weekend with some gains for the US markets.

The White House has insisted that President Trump’s tariffs will make the United States richer, despite the falling value of the US dollar. We hear from Tomas Philipson a former acting chairman of President Trump’s Council of Economic Advisers.

Also, a global deal to tackle shipping emissions has been agreed after nearly ten years of negotiations. The UN’s maritime agency (the IMO) brokered the accord, which requires ship owners to use less carbon-intensive fuels or face a penalty. Roger Hearing speaks to IMO’s secretary general, Arsenio Dominguez about how it would work.

And final campaign rallies are taking place in Gabon ahead of Saturday’s presidential election. The transitional leader, Brice Oligui Nguema, is widely seen as the favourite.



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