28/03/2017

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:00:14. > :00:17.President Trump's expected to ditch Obama's clean energy policies later

:00:18. > :00:19.today but the big question, will the move really

:00:20. > :00:33.Uber's self-driving cars are going back on the road

:00:34. > :00:52.Also American Airlines and China's biggest airline agree a strategic

:00:53. > :00:55.partnership, Rico will have all the detail for you in just a moment.

:00:56. > :00:57.After weeks of delay and speculation, President Trump

:00:58. > :01:00.is finally expected to issue an executive order later today

:01:01. > :01:02.that will start to dismantle President Obama's

:01:03. > :01:07.This includes a sweeping Environmental Protection Agency rule

:01:08. > :01:10.that mandates cuts in carbon emissions from power plants.

:01:11. > :01:12.It's also expected to quickly end the freeze

:01:13. > :01:15.on new coal mining leases on federal lands and reverse rules

:01:16. > :01:23.During his election campaign President Trump said

:01:24. > :01:26.he would run a government that allows US oil and coal producers

:01:27. > :01:30.to thrive and he said that steel and auto manufacturers will not face

:01:31. > :01:38.But the experts say despite any moves by Trump to boost

:01:39. > :01:40.coal it is facing stiff competition anyway from natural gas

:01:41. > :01:43.and renewable energy, which is already cheaper to produce

:01:44. > :01:47.and often more efficient to distribute.

:01:48. > :01:55.Amrita Sen is chief oil analyst at Energy Aspects.

:01:56. > :02:02.Good morning, Amrita. Good morning. Nice to see you. Once again he will

:02:03. > :02:09.deliver on an election promise when it comes to his energy policy as it

:02:10. > :02:12.were, give us your take. A couple of things over here, he probably

:02:13. > :02:16.doesn't understand a lot of the jurisdiction and over oil, gas and

:02:17. > :02:23.coal doesn't sit with the federal government, it is at these state

:02:24. > :02:26.level. Even if he does turn some of the things Obama put in place, it

:02:27. > :02:30.doesn't necessarily have the sweeping fracture he talked about,

:02:31. > :02:36.like even the leases he's talking about or even a lot of the methane

:02:37. > :02:41.regulation that he wants to reverse. Of course the EPA side of things and

:02:42. > :02:45.the Clean Power Plan act, he will go ahead with an executive order, but

:02:46. > :02:51.unfortunately with a lot of those things, this is liable to be

:02:52. > :02:56.challenged in court by a lot of groups. This could take 18 months to

:02:57. > :03:02.two years to overturn. In terms of his goal, to boost jobs, to provide

:03:03. > :03:07.jobs for those who are desperate, who wanted to vote for a president

:03:08. > :03:11.that would boost their community again, the coalmining community,

:03:12. > :03:18.that has totally been allowed to mothball as it were. Will that be

:03:19. > :03:22.one of the outcomes? The problem with coal, generally at around the

:03:23. > :03:26.world there's an Andy Cole sentiment and coal faces a lot of stiff

:03:27. > :03:32.competition, prices have come down around the world really -- anti-

:03:33. > :03:36.coal. The biggest resource in the US now is gas and the idea was to

:03:37. > :03:40.replace a lot of these coal plants with cheaper gas. If anything you

:03:41. > :03:45.could CAA struggle where you seeing lots of job losses in the coal

:03:46. > :03:50.sector but then if you take jobs away from the gas sector the net

:03:51. > :03:56.effect won't necessarily be positive -- you could see a. It will take

:03:57. > :04:02.time and he will be challenged. Yes, by people who support the CPP. Will

:04:03. > :04:05.there be an outcome, any change, or will we CAA situation like Obamacare

:04:06. > :04:13.where he moves on because it's too difficult -- will we see a. Methane

:04:14. > :04:18.emissions at the wellhead level for oil and gas producers, there are

:04:19. > :04:23.things in process at the moment can reduce those small acts, but

:04:24. > :04:27.overturning the CPP will be more challenging and it will be a long

:04:28. > :04:31.drawnout process, lots of court hearings and appeals from different

:04:32. > :04:34.groups. Amrita, nice to see you, see you again soon. As ever, watch this

:04:35. > :04:36.space, we will keep you up to date. Uber's self driving cars have

:04:37. > :04:39.returned to the roads in the US after a crash in Arizona left one

:04:40. > :04:43.of the vehicles on its side. The firm had initially

:04:44. > :04:45.suspended the programme but now says it believes

:04:46. > :04:47.the vehicles are safe. reporter Dave Lee has

:04:48. > :04:57.the latest. According to the police, Uber's of

:04:58. > :05:02.driving car wasn't to blame for the collision. Instead it was a human

:05:03. > :05:08.driver in another car that failed to give way -- self driving. Nobody was

:05:09. > :05:11.seriously hurt in the crash but Uber has halted the experiments of self

:05:12. > :05:14.driving cars as a precaution. They say they are confident now that

:05:15. > :05:19.vehicles are states of vehicles have returned to public roads. That

:05:20. > :05:22.include San Francisco where the self driving experiments were cut short

:05:23. > :05:26.because of a dispute between local authorities and Uber over the safety

:05:27. > :05:30.permit the company needed. Uber will no doubt be relieved to have its

:05:31. > :05:35.vehicles back on the road so quickly after the crash. It can't afford any

:05:36. > :05:39.delay in testing it it's to make self driving tech and everyday

:05:40. > :05:44.reality. However, it's not safety concerns that pose the biggest

:05:45. > :05:48.threat to Uber's autonomous ambitions. Last month a self driving

:05:49. > :05:53.companies spun out of Google announced it was suing Uber for

:05:54. > :05:59.allegedly stealing its self driving technology. Uber denies the

:06:00. > :06:00.allegation. Dave Lee, BBC News, Silicon Valley.

:06:01. > :06:02.American Airlines and China's biggest carrier by passengers,

:06:03. > :06:05.China Southern, have agreed a strategic partnership.

:06:06. > :06:07.The US airline will buy $200 million worth of shares

:06:08. > :06:15.in the Chinese firm and will seek to increase cooperation.

:06:16. > :06:32.Nice to see you. Fill us in. The $200 million investment, Sally, is

:06:33. > :06:37.equivalent to a 2.7% stake in China Southern, the mainland's biggest

:06:38. > :06:40.carrier. If you look at the percentage, it's not a major

:06:41. > :06:46.investment but it gives American Airlines a foothold in the mainland

:06:47. > :06:50.market to capture more traffic between the US and China through

:06:51. > :06:54.arrangements like codesharing. China is one of the biggest sources of

:06:55. > :06:58.tourists to the US with Chinese carriers aggressively expanding

:06:59. > :07:02.their fleets and range of overseas destinations to cater for the strong

:07:03. > :07:05.growth in traveller numbers. So this partnership is exacted to improve

:07:06. > :07:10.access to smaller cities, increasing the number of routes both groups can

:07:11. > :07:15.offer between the world's two largest travel markets. China also,

:07:16. > :07:20.Sally, is the fifth biggest source market for tourism to the US and

:07:21. > :07:26.Chinese visitor arrivals are forecasted to more than double by

:07:27. > :07:30.2021. China Southern is the last of China's three major airlines to

:07:31. > :07:34.bring in a strategic investor outside of China. Firstly you have

:07:35. > :07:41.Hong Kong's Cathay Pacific, holding 80% in flag terrier air China, while

:07:42. > :07:50.Delta airlines bought a 3.6% stake in China Eastern in 2015 -- carrier.

:07:51. > :07:54.-- Air China. Disproves the mainland market is becoming important for

:07:55. > :07:57.many of the global carriers. Absolutely. -- this proves. We will

:07:58. > :07:59.see you again soon. South Africa's Finance Minister

:08:00. > :08:02.is due to arrive home in the next few hours after he was urgently

:08:03. > :08:06.recalled from a meeting in London The move has fuelled concerns

:08:07. > :08:10.there may be a cabinet reshuffle, which analysts say has

:08:11. > :08:11.unnerved investors, who see Pravin Gordhan

:08:12. > :08:17.as an emblem of stability. The EU's health commissioner says

:08:18. > :08:20.Brazil needs to restore trust in its meat exports after being hit

:08:21. > :08:24.by a scandal over rotten produce. A number of countries have slapped

:08:25. > :08:26.restrictions on Brazilian imports. The country has seen its daily meat

:08:27. > :08:40.exports plunge by 19%. The company that built

:08:41. > :08:42.a controversial pipeline under Native American tribal land says

:08:43. > :08:46.it is now full of oil and will be Construction of the stretch

:08:47. > :08:49.of pipeline in North Dakota was delayed by protests

:08:50. > :08:51.and legal action. It was completed after

:08:52. > :08:54.President Trump signed an executive order within days of taking

:08:55. > :08:56.office in January. The UK's Brexit Minister has

:08:57. > :09:01.downplayed suggestions the country will pay an bill of around

:09:02. > :09:04.$60 billion dollars for

:09:05. > :09:05.leaving the EU. David Davis says while Britain

:09:06. > :09:07.will meet its international obligations, he doesn't think that

:09:08. > :09:19.sort of money will change hands. The cost of the divorce! That's not

:09:20. > :09:24.the last we will hear about that. In fact we will talk about that in the

:09:25. > :09:28.paper review in a moment. So a change of scenery for markets in

:09:29. > :09:33.Asia after falls on Monday, you can see we have seen games right

:09:34. > :09:37.across-the-board. The yen has moved a little versus the dollar, and the

:09:38. > :09:42.price of oil is up around 0.5% -- gains. Part of the reason for the

:09:43. > :09:46.change is people getting their nerve back on Wall Street the night before

:09:47. > :09:50.after serious falls on Friday. The real concern was the fact Trump

:09:51. > :09:54.didn't get through his changes to the healthcare reforms. That unknown

:09:55. > :09:58.people, it seems people have got over that disappointment. I'll be

:09:59. > :10:00.back shortly for a look at the papers. I'll see you then but now,

:10:01. > :10:03.back to Ben.