:00:14. > :00:16.As Donald Trump gets ever closer to the White House,
:00:17. > :00:19.will he heed calls to step down from his vast business empire once
:00:20. > :00:27.and put his assets in a blind trust?
:00:28. > :00:32.And where in the world will there be growth in 2017?
:00:33. > :00:37.The World Bank says Brazil and Russia will prosper
:00:38. > :00:41.despite the shadow of uncertainty from the United States.
:00:42. > :00:57.VW is on the verge of parking the emissions scandal in the United
:00:58. > :00:59.States. Details in just a moment. In the last few hours we've heard
:01:00. > :01:02.President Obama's farewell speech with just over a week left in charge
:01:03. > :01:06.of the world's biggest economy. Later today his successor
:01:07. > :01:08.Donald Trump will give a long-awaited press conference,
:01:09. > :01:10.his first since winning And there are still questions
:01:11. > :01:17.about how he will separate himself In his latest disclosure,
:01:18. > :01:21.the President-elect revealed These have had dealings
:01:22. > :01:29.in least 25 countries in Asia, Europe, Africa,
:01:30. > :01:33.South America and North America. Democratic Party politicians
:01:34. > :01:35.are amongst those to express concerns this could influence his
:01:36. > :01:37.policies towards some He derives much of his income
:01:38. > :01:45.from developing real estate and operating
:01:46. > :01:47.golf courses in the US, Britain, Ireland and
:01:48. > :01:50.the United Arab Emirates. But he also makes money
:01:51. > :01:52.licensing the Trump name to property developers
:01:53. > :01:55.around the world. Some of those projects have been
:01:56. > :01:58.engulfed in controversy. However, it should be
:01:59. > :02:02.noted that as president he is legally allowed to continue
:02:03. > :02:05.to run his businesses. But previous presidents have
:02:06. > :02:07.put their businesses into blind trusts to prevent
:02:08. > :02:28.conflict of interests I'm outside 40 Wall St in front of a
:02:29. > :02:32.building that is managed by the Trump Organisation, effectively
:02:33. > :02:36.making Mr Trump the landlord. Trouble is, several of the tenants
:02:37. > :02:40.inside this building are being investigated by government
:02:41. > :02:44.regulators, and if they're found guilty of any wrongdoing, they could
:02:45. > :02:50.stop operating, which means they would no longer be paying rent to Mr
:02:51. > :02:57.Trump. But as president, Mr Trump could push for more lenient
:02:58. > :03:02.sentences or make the charges go away, effectively ensuring he
:03:03. > :03:06.continues to make money. If we make our way further uptown, we find
:03:07. > :03:11.ourselves at Deutsche Bank, one of Mr Trump's biggest lenders. The
:03:12. > :03:14.German bank continued to work with him even as several of his
:03:15. > :03:18.businesses went bankrupt. Deutsche Bank is also facing billions of
:03:19. > :03:21.dollars in fines from the US government, stemming from the
:03:22. > :03:25.financial crisis. Regulators could rule with a softer touch given the
:03:26. > :03:30.bank's history with the President-elect. We need to make one
:03:31. > :03:35.more stop on our New York tour. I've shown you two examples of potential
:03:36. > :03:39.conflicts but move over just a few blocks and you end up at Ground Zero
:03:40. > :03:46.for the Trump business empire, with the potential conflicts of interest
:03:47. > :03:50.multiplied many times over. The company's massive global Holdings
:03:51. > :03:53.and international ties mean opportunities for corruption go far
:03:54. > :03:58.beyond New York City. Foreign countries could question how their
:03:59. > :04:03.treatment of the President-elect's business interests will impact
:04:04. > :04:07.diplomatic relations. This is truly unprecedented territory for an
:04:08. > :04:11.American President. Democrats are proposing legislation that would
:04:12. > :04:16.force Mr Trump and his family to sell any assets that could pose any
:04:17. > :04:19.conflicts. But without Republican support it is unlikely to pass.
:04:20. > :04:24.Samira Hussain, BBC News, New York. With me is Allyson Stewart-Allen,
:04:25. > :04:26.Chief Executive of International Marketing Partners who help
:04:27. > :04:29.companies develop in overseas markets and in the US
:04:30. > :04:35.in particular. Nice to see you. We've outlined some
:04:36. > :04:38.of the issues, it is what everyone wants to know in the press
:04:39. > :04:42.conference, what he will do about his business empire. What do you
:04:43. > :04:46.think he will say? I think he's going to be a bit vague because he
:04:47. > :04:50.was asked in the campaign about his tax returns and there wasn't a
:04:51. > :04:56.concrete answer given. Legally he can continue to run his businesses,
:04:57. > :05:01.but perception is everything and when you are trying to engender the
:05:02. > :05:06.trust of the American people from day one, as a new president, you
:05:07. > :05:09.probably want to go into that office not on the back foot but from a
:05:10. > :05:17.position of strength with a mandate that people say... You have our
:05:18. > :05:21.mandate and our vote, we trust you and trust is the key word here. He's
:05:22. > :05:25.going to have to do something more than just a token gesture. It's not
:05:26. > :05:29.just about him but about his daughter and his son-in-law and the
:05:30. > :05:33.various family members who have been involved in running his businesses
:05:34. > :05:39.with him for years. They would also have to step back? If you want to
:05:40. > :05:43.be... If you want to get the perception that you're doing things
:05:44. > :05:49.by the book and ethically then a conflict of interest means that you
:05:50. > :05:55.are... You don't have your own family members in the next. By
:05:56. > :05:58.having your family members in the mix your obviously compromised, you
:05:59. > :06:03.have an interest. -- members in the mix. It's about not having an
:06:04. > :06:07.interest fundamentally. What are you advising companies that approach you
:06:08. > :06:11.about dealing with the US from here on in? Of course it's difficult to
:06:12. > :06:16.know what a Trump presidency will be like when it comes to trade and
:06:17. > :06:20.protectionism, all those issues. Absolutely. In the case of my
:06:21. > :06:26.clients, I'm recommending it is business as usual until we know
:06:27. > :06:32.whether there will be import tariffs, what taxation regime we are
:06:33. > :06:35.looking at once he's in. The ambiguity is high and therefore
:06:36. > :06:39.companies can't sit and wait. They still need to go for the
:06:40. > :06:43.opportunities that the US afford them and during this time that we
:06:44. > :06:47.are still trying to figure out where he's coming from, used to have to go
:06:48. > :06:52.after and build your business in the country, so it shouldn't put people
:06:53. > :06:56.off or stop them. We will watch this space and I will talk to you about
:06:57. > :06:57.it in the future. Thank you for coming in this morning.
:06:58. > :07:01.So that's what's ahead for Donald Trump but what about the rest
:07:02. > :07:05.The World Bank is predicting 2017 is going to be a difficult year
:07:06. > :07:08.for achieving one of its main aims of cutting extreme poverty.
:07:09. > :07:12.But it expects the global economy to grow by two point 7% mainly
:07:13. > :07:17.thanks to improvements in emerging markets such as Brazil and Russia.
:07:18. > :07:24.But what about the world's two biggest economies,
:07:25. > :07:31.where the new president's policies remain unclear.
:07:32. > :07:40.We know one thing, it could be one way or another, some kind of tax
:07:41. > :07:45.reduction on the corporate income side and personal income side as
:07:46. > :07:49.well. If we just simply focus on those tax cuts, that will translate
:07:50. > :07:53.into high growth in the United States as well as higher growth in
:07:54. > :07:57.the global economy. Having said that there are many caveats, China is
:07:58. > :08:03.going to continue its slowdown, we expect growth to be around 6.5%.
:08:04. > :08:07.Authorities have done a remarkable job taking this economy, growing at
:08:08. > :08:10.De double-digit rates to the rates we see now.
:08:11. > :08:17.Let's cross to our Asia business correspondent Karishma Vaswani.
:08:18. > :08:23.Tell us more about the World Bank report. As you were saying and as we
:08:24. > :08:27.heard from the World Bank a few minutes ago, the key focus in this
:08:28. > :08:32.part of the world is China, the second largest economy and the World
:08:33. > :08:35.Bank says it will make that gradual slowdown to 6.5% this year, keeping
:08:36. > :08:39.in line with the broad estimates we have seen from the Chinese
:08:40. > :08:44.government. The government expects the economy to slow down to around
:08:45. > :08:48.6.7% this year. The King and the rest of Asia, the World Bank says
:08:49. > :08:52.emerging economies will do better than last year, pointing to above 4%
:08:53. > :08:58.for the region excluding China. -- looking at. That's better than what
:08:59. > :09:02.we saw in 2016. That's largely on the back of commodity prices, we
:09:03. > :09:07.seen a pickup there over the last few months. That is helping emerging
:09:08. > :09:14.market economies like Indonesia and Malaysia. Thanks very much indeed,
:09:15. > :09:20.Karishma Vaswani, in our bureau in Singapore. That is it from WBR.
:09:21. > :09:25.Prosecutors in the US have charged three UK based former currency
:09:26. > :09:30.traders with trying to rig foreign exchange rates, they worked at
:09:31. > :09:35.Morgan, Citigroup and Barclays. You can see more on that online and you
:09:36. > :09:40.can read about Volkswagen's advisory board said to me today to sign of an
:09:41. > :09:44.agreement with the US Department of Justice and customs. As soon as we
:09:45. > :09:48.get news on that we will update you. Thanks for watching and I will see
:09:49. > :09:50.you in a moment to review the press.