A new survey by the University of Michigan's Institute for Social Research has revealed that consumer confidence in the United States has seen its largest drop since 1990. In Canada voters go to the polls on Monday, and a big issue will be the country’s future relationship with the US. Rahul Tandon discusses the growing economic divide in North America with prominent Canadian businesswoman Arlene Dickinson. And California has overtaken Japan to become the fourth largest global economic force behind Germany, China and the US as a whole.
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What are the economic implications of deep-sea mining?
Donald Trump has signed a controversial executive order aimed at stepping up deep-sea mining within the US and in international waters. The Thursday order is the latest issued by the US president to try to increase America's access to minerals used by the aerospace, green technology and healthcare sectors.
Andrew Peach hears from Gerard Barron, Chairman and CEO, The Metals Company, which has been long pushed for permission to mine in the seabed, and Duncan Currie from Deep Sea Conservation Coalition, which is campaigning against mining in the seabed.
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US and China: Who will blink first?
China has said no to any trade talks until the US withdraws its tariffs, but which of the World's two superpowers will blink first and bring the growing trade war to a halt?Rahul Tandon finds out how children's Christmas presents could fall victim to the US-China trade war, as President Trump's tariffs threaten to disrupt the global toys market.As the situation in Kashmir develops and Pakistan suspends all trade with India, we hear from Uzair Younhis on what the economic impact will be on Pakistan if India suspends its water flow down the Indus River.Meanwhile, there's concern for the survival of Africa's shea nut tree which provides an income for millions of women.The latest business and finance news from around the world, on the BBC.
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India-Pakistan trade tension over Kashmir attack
As tensions rise, Pakistan says any attempt by India to limit its water supply will be seen as an act of war. This comes after India blamed Pakistan for the attack in India-administered Kashmir, and introduced a series of measures, including the suspension of a water-sharing treaty and the closure of the main border crossing. And in Washington, South Korea’s delegation are meeting the US diplomats today to discuss about the 25% tariffs across the board with more on semiconductors, steel and cars. China and Kenya agreed on Thursday to boost ties to a new level and oppose trade barriers, following talks between President Xi Jinping and his Kenyan counterpart William Ruto in Beijing.
And we hear about shea butter, which provides an income for millions of women across Africa, but environmentalists say climate change is impacting the growth and yield of the trees because of prolonged droughts – and there are fears it could impact global supply.
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US and China: What's going on?
And Rahul Tandon talks to a former advisor to Jerome Powell about the US President's blistering attacks on the Federal Reserve chair.
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