25/04/2016 World Business Report

Now for the latest financial news with Sally

The clock is ticking, but can Obama and Merkel breath life

into a massive transatlantic trade deal before the end of the year?

Ford's Chief Executive reveals the car giants major rivals are not

the likes of General Motors or Chrysler for

Also in the programme, Jacob Zuma, the president of South Africa, is in

Iran. We will tell you why. Time is running out

for completion of the hugely ambitious trade deal linking the

United States and European Union. President Obama is keenly aware

of the fact and despite angry protests in Hanover on

Sunday the US President said he is By that he means completing

the negotiations this year. But Obama admitted time was "not on

our side," calling on all European leaders to support the deal and not

"let this opportunity close." TTIP aims to boost growth

and jobs in the US and EU through the liberalisation

of trade and investment. But neither of the two frontrunners

for US president, Hillary Clinton or So, is it dead

in the water once Obama moves on? With me is Aline Doussin, a partner

at law firm Squire Patton Boggs, Good morning. Good morning. Today's

talks in New York. The 13th round of discussions. What hope is there of

progress? There will be progress considering the timescale. There is

a will to have progress this week. There are a number of chapters

waiting on decisions. Also many issues that are sensitive for

Europeans, including food, safety, GMOs, the opening of public markets

for the Europeans in the US, and, the new trade deal. Still a long way

to go. Obviously, the clock is ticking. This is the 13th round.

Many protests on both sides of the Atlantic of this trade deal. One of

the issues that keeps coming up is a big corporate being able to take a

European governments to court if some sort of deal were to go pear

shaped. How is that being settled? This is a major issue, especially

for Europeans. The ISDS system is a European issue. The commission has

listened to those concerns put forward. It will be part of the

ongoing negotiations with the US but also future trade deals initiated by

the US. The idea is to move away from something which is

confidential, a confidential dispute mechanism by arbitrators, and to

have some thing settled by a permanent court of appeal. Something

more transparent. Quickly, assuming Obama and those involved hits the

deadline and get a deal negotiated by the end of the year, it still has

to get through Congress, and it has to get through the European Union as

well. Not to mention what international governments may decide

in Europe. There is a lot of stuff yet to do. Yes. The last part will

be the ratification by the different parties involved. The US Congress is

always very vocal on trade negotiations. In Europe, the

European Parliament as well has been following very closely the

negotiations and the member states. The growing opposition on this has

been led at a national level in Europe. Who knows what the German

and French parliament or Westminster will have to say about it? Thank you

for that. And of course, we will keep you a cross those negotiations

as they continue in New York. -- across.

South Africa's President Jacob Zuma is visiting Iran, on a trip which he

hopes will dramatically expand trade between the two countries.

Speaking after meeting the Iranian President Hassan Rouhani, Mr

Zuma said Iran occupied a special place in his country's historical

He added South Africans continue to be inspired by Iran's revolution

Our Southern Africa correspondent Milton Nkosi sent this report

We are here where the Iranians have put out the red carpet for Jacob

Zuma. This is his state visit. Many agreements have in signed here

across the board, from agriculture to tourism and energy. This is the

end of the nuclear related sanctions that have opened up this whole

agreement. Africa and indeed South Africa is coming to Iran to embrace

it following the end of those sanctions. President Jacob Zuma is

sending a clear message that South Africa, and even the African

continent, is open for business. That was Milton in Iran for us where

the red carpets were rolled out. The future of the car is almost

certainly set to be a driverless one, but who will win the race to

develop an autonomous vehicle for the mass market, and when can

we expect to see them on our roads? Well,

it could be sooner than you think. The boss of Ford, one of

the world's biggest car companies, has told the BBC he expects

self-driving vehicles to hit the Our economics editor, Kamal Ahmed,

spoke to Mark Fields at the home of Ford in Detroit and asked him

if the biggest threat to his company would come from traditional

rivals, or a company like Google. There are many traditional

competitors we have which we respect. There are many new

competitors who are looking at the automotive space and that market and

saying, can we get a piece of that? We are looking at a number of

technological changes in industries and we are viewing that as an

opportunity, not as a threat, in that there will be some things that

we do on our own in able to satisfy customers, and also we will partner

with others. -- in order to. That is why we have a new centre to

collaborate with that market. Will Apple wants to build their own car?

I have no idea. -- want. I read the same papers as everyone else. We

think they do. That gives us motivation for the product and also

the experience customers have interacting with the services we

have. Can you imagine building a car with Google? Contract many factoring

is not some thing that appeals to us as a business. -- manufacturing. Who

knows, though? But that doesn't appeal to us. Talk us through

autonomous vehicles. You talked about Level4 and five autonomous

vehicles. -- Level four. What are they and when can we start using

them? It is when a passenger does not have to be prepared to take

control of a vehicle but had a predefined area in what we call

being geofenced. When you look at advancements in centres and software

and algorithms necessary for people to navigate, they will probably in

the next decade be available. -- sensors. It may not be asked but we

are working intently on this. -- may not be us.

Figures produced by The Sunday Times newspaper in London suggest that

the Indian Mittal family has seen its wealth decrease by nearly $30

It's thought to reflect dramatic losses incurred

They own Europe's biggest steel-makers, Arcelor Mittal.

High Street retailer BHS could file for administration later,

Sources close to the owners told the BBC that "things don't look good".

A spokesman said a statement was expected "about BHS's future,"

Last year, BHS was sold by the entrepreneur

What goes up goes down. Let's have a look at the markets. A dismal day

today. No action at all in Australia and New Zealand as they are closed

or Anzac Day. But the price of oil and the yen as well moving in the

wrong direction. That is why Japan is struggling at the moment. That's

all from me time being. I will see you soon as we talked through the

papers. -- talk.