:00:14. > :00:15.This is BBC World News, the headlines.
:00:16. > :00:17.Donald Trump's son-in-law and adviser, Jared Kushner,
:00:18. > :00:20.will face questions from Senators later as part of the investigation
:00:21. > :00:24.into whether or not Russia colluded with the Trump campaign to help him
:00:25. > :00:32.Police in the US state of Texas have arrested a truck driver whose
:00:33. > :00:35.vehicle was found in a Walmart car park with eight people dead
:00:36. > :00:39.A ninth person later died in hospital in the city
:00:40. > :00:45.A suicide attacker has detonated a car bomb in the Afghan capital,
:00:46. > :00:49.At least 12 people have been killed and several wounded,
:00:50. > :00:54.The target of the attack isn't yet clear.
:00:55. > :00:57.There's been a shooting close to the Israeli embassy
:00:58. > :01:03.Local police said two Jordanian men were killed and two others injured -
:01:04. > :01:12.The shooting took place at a residence in the embassy compound.
:01:13. > :01:29.Now it's time for World Business Report.
:01:30. > :01:35.The UK's International Trade Secretary meets his US counterpart
:01:36. > :01:40.But he's not allowed to strike a deal, before Brexit.
:01:41. > :01:42.The International Monetary Fund keeps its forecast for
:01:43. > :01:46.But it cuts prospects for the UK and the US,
:01:47. > :01:56.while China, Japan and the Eurozone gets a boost.
:01:57. > :02:00.Welcome to World Business Report. I'm Ben Bland.
:02:01. > :02:03.Also in the programme, we'll learn the success secrets
:02:04. > :02:12.later on Monday the UK's trade secretary Liam Fox
:02:13. > :02:15.will be in Washington to discuss a preliminary trade deal ahead
:02:16. > :02:17.of Britain's departure from the European Union.
:02:18. > :02:20.A final trade agreement cannot be signed until the UK formally leaves
:02:21. > :02:23.the EU, but the two nations are keen to lay the foundations
:02:24. > :02:25.for what the US President expects to be
:02:26. > :02:30.In an interview with the BBC, Mr Fox said that UK-US trade
:02:31. > :02:36.is currently worth nearly 220 billion dollars.
:02:37. > :02:39.But this could increase by as much as 52 billion dollars if trade
:02:40. > :02:43.barriers between the countries are removed.
:02:44. > :02:47.For now though, that process can't really begin because the UK is not
:02:48. > :02:50.allowed to hold formal trade talks with non-EU countries until it has
:02:51. > :02:56.To complicate matters, the UK's trade secretary has
:02:57. > :03:00.welcomed the idea of a transition agreement with the EU
:03:01. > :03:03.which could potentially last up until the next scheduled general
:03:04. > :03:10.This could prevent the UK suddenly falling outside the single market
:03:11. > :03:17.and customs union in 2019, but it is currently unclear
:03:18. > :03:20.whether the UK would be able to start negotiating with non-EU
:03:21. > :03:22.trading partners while such a transition deal is active.
:03:23. > :03:25.With me is Thomas Cole, Head of Policy and Research,
:03:26. > :03:45.It seems like they have their hands tied, they cannot Signoff on the
:03:46. > :03:50.deal. Liam Fox is in Washington today, he will be doing a speech
:03:51. > :03:54.later and laying out a bit more about what he wants to achieve.
:03:55. > :04:00.Until the UK has formally left the European Union, it will not be able
:04:01. > :04:06.to Signoff any trade agreement and until the US state knows what the
:04:07. > :04:15.transition we deal outside suddenly you will be, it cannot push either.
:04:16. > :04:21.It is really not until 2019 at the earliest that we will have a clearer
:04:22. > :04:30.understanding of where these talks can go. Which area will they be able
:04:31. > :04:38.to make progress on most easily and where are the stumbling blocks? The
:04:39. > :04:44.financial, in London and New York, possibly you could do something
:04:45. > :04:51.there, the aviation sector. The EU has opened sky agreement with the US
:04:52. > :05:01.so they could be optional. They could grandfather the open skies
:05:02. > :05:05.deal for the future. But there are negotiations... The big free trade
:05:06. > :05:12.agreement between the US and Union... Exactly. In a small way, it
:05:13. > :05:17.was one of the reasons why the leader vote wanted to leave the
:05:18. > :05:21.European Union because they were concerned it could lead to a big
:05:22. > :05:27.trans- Atlantic agreement with the US and concerns on issues around
:05:28. > :05:33.health and pharmaceuticals. Even with the UK outside the EU, one of
:05:34. > :05:38.the things the UK will need to do is what its future agricultural policy
:05:39. > :05:45.will be and if it is similar to the current EU policy, then agriculture
:05:46. > :05:49.will also be a problematic issue. Britain is slightly on the back foot
:05:50. > :05:57.given it has not negotiated its trade deals for 40 years, the US is
:05:58. > :06:04.far more experienced and we know President Trump is driving to that
:06:05. > :06:15.the best possible deal for America. The UK bad deal simply from being
:06:16. > :06:22.out of practice? The US has pulled out of the transpacific deal, that
:06:23. > :06:27.is not going ahead and it was a huge deal. He's talking about we
:06:28. > :06:35.negotiate in Nafta with Canada and Mexico, 25% of US trade and the UK
:06:36. > :06:42.accounts for a lot less of US trade. If the UK were to stumble out of the
:06:43. > :06:49.EU, in relative terms, the UK will be in a position of weakness and
:06:50. > :06:53.will want a quick trade with the US but baby not be able to dictate the
:06:54. > :06:59.terms, it would be one where the US is calling the shots and from the UK
:07:00. > :07:04.point of view, it even a very liberal trade agreement with the EU
:07:05. > :07:08.would not compensate the potential loss of trade from the European
:07:09. > :07:13.Union if hard Brexit happens. The International Monetary Fund has
:07:14. > :07:16.kept its growth forecasts for the world economy as a whole
:07:17. > :07:19.unchanged for this year and next. But it wasn't so positive
:07:20. > :07:24.about the UK and US. Our Asia Business Correspondent,
:07:25. > :07:42.Karishma Vaswani joins me now The IMF's main message really a P2P
:07:43. > :07:59.that the global economy it is chugging along steadily -- appeared
:08:00. > :08:06.to be. 3.5% for 2017 and for next year. While China, Japan and the
:08:07. > :08:10.eurozone saw an upgrade, the US and the UK are expected to see lower
:08:11. > :08:18.than expected growth rate this year and that is because of a weak first
:08:19. > :08:25.quarter. 1.7% growth compared to the 2% for the UK. But to be honest, it
:08:26. > :08:31.does not really quite clarify why. You will remember the IMF was pretty
:08:32. > :08:36.critical about Brexit in the lead up to the referendum and vocal about
:08:37. > :08:42.the risks, saying the UK would see adverse effect but that does not
:08:43. > :08:47.really show up in this report. Meanwhile, the fund also said the US
:08:48. > :08:56.would grow by two x 1% in comparison to 2.3%. That downward revision is
:08:57. > :09:00.due to the fact that the IMF does not expect to see the same fiscal
:09:01. > :09:05.stimulus in the US that had been expected under President Trump
:09:06. > :09:11.Mahmoud Abbas administration of things like tax cuts and
:09:12. > :09:17.infrastructure construction. Given the problems with the
:09:18. > :09:32.administration, they say it does not look likely. China saw an upgrade.
:09:33. > :09:37.Next year 6.4%. All these figures are going to be in line with what
:09:38. > :09:40.the Chinese government wants for its economy and both are slightly higher
:09:41. > :09:43.than what the IMF previously forecast.
:09:44. > :09:46.Renee Elliott founded organic supermarket chain
:09:47. > :09:52.She said she went through a difficult time in her early
:09:53. > :09:55.thirties, which led her to focus more on her own wellbeing.
:09:56. > :10:02.She's shared her wellbeing tips for other bosses with CEO Secrets.
:10:03. > :10:09.I think it was when I was in my early 30s, I went through a
:10:10. > :10:13.difficult time and it was then I realised you have to take care of
:10:14. > :10:18.yourself and put yourself first and take care of the basics otherwise
:10:19. > :10:33.you cannot be a false the change in the world. -- force. Well-being
:10:34. > :10:40.comes in many different forms, economic- band, save spend. Never
:10:41. > :10:46.stop learning. Be honest and tell the truth. Psychological is about
:10:47. > :10:53.doing the personal development work, taking responsibility, taking your
:10:54. > :10:59.part in things. Good food, physicality and fitness. Spiritual
:11:00. > :11:07.well-being of me is about meditation and socialism out having fun with
:11:08. > :11:14.family and friends and then sleep which is so important. When you're
:11:15. > :11:15.tired, go to bed. A lesson for us all.
:11:16. > :11:19.Don't forget you can get in touch with me and some of the team
:11:20. > :11:35.A survey of people over 65 in Britain has found that more
:11:36. > :11:38.than 40% believe they have been targeted by scammers.
:11:39. > :11:40.The Charity, Age UK, said of those targeted,
:11:41. > :11:44.16 per cent of single older people, paid out money to fraudsters.