24/07/2017 World Business Report

This is BBC World News, the headlines.

Donald Trump's son-in-law and adviser, Jared Kushner,

will face questions from Senators later as part of the investigation

into whether or not Russia colluded with the Trump campaign to help him

Police in the US state of Texas have arrested a truck driver whose

vehicle was found in a Walmart car park with eight people dead

A ninth person later died in hospital in the city

A suicide attacker has detonated a car bomb in the Afghan capital,

At least 12 people have been killed and several wounded,

The target of the attack isn't yet clear.

There's been a shooting close to the Israeli embassy

Local police said two Jordanian men were killed and two others injured -

The shooting took place at a residence in the embassy compound.

Now it's time for World Business Report.

The UK's International Trade Secretary meets his US counterpart

But he's not allowed to strike a deal, before Brexit.

The International Monetary Fund keeps its forecast for

But it cuts prospects for the UK and the US,

while China, Japan and the Eurozone gets a boost.

Welcome to World Business Report. I'm Ben Bland.

Also in the programme, we'll learn the success secrets

later on Monday the UK's trade secretary Liam Fox

will be in Washington to discuss a preliminary trade deal ahead

of Britain's departure from the European Union.

A final trade agreement cannot be signed until the UK formally leaves

the EU, but the two nations are keen to lay the foundations

for what the US President expects to be

In an interview with the BBC, Mr Fox said that UK-US trade

is currently worth nearly 220 billion dollars.

But this could increase by as much as 52 billion dollars if trade

barriers between the countries are removed.

For now though, that process can't really begin because the UK is not

allowed to hold formal trade talks with non-EU countries until it has

To complicate matters, the UK's trade secretary has

welcomed the idea of a transition agreement with the EU

which could potentially last up until the next scheduled general

This could prevent the UK suddenly falling outside the single market

and customs union in 2019, but it is currently unclear

whether the UK would be able to start negotiating with non-EU

trading partners while such a transition deal is active.

With me is Thomas Cole, Head of Policy and Research,

It seems like they have their hands tied, they cannot Signoff on the

deal. Liam Fox is in Washington today, he will be doing a speech

later and laying out a bit more about what he wants to achieve.

Until the UK has formally left the European Union, it will not be able

to Signoff any trade agreement and until the US state knows what the

transition we deal outside suddenly you will be, it cannot push either.

It is really not until 2019 at the earliest that we will have a clearer

understanding of where these talks can go. Which area will they be able

to make progress on most easily and where are the stumbling blocks? The

financial, in London and New York, possibly you could do something

there, the aviation sector. The EU has opened sky agreement with the US

so they could be optional. They could grandfather the open skies

deal for the future. But there are negotiations... The big free trade

agreement between the US and Union... Exactly. In a small way, it

was one of the reasons why the leader vote wanted to leave the

European Union because they were concerned it could lead to a big

trans- Atlantic agreement with the US and concerns on issues around

health and pharmaceuticals. Even with the UK outside the EU, one of

the things the UK will need to do is what its future agricultural policy

will be and if it is similar to the current EU policy, then agriculture

will also be a problematic issue. Britain is slightly on the back foot

given it has not negotiated its trade deals for 40 years, the US is

far more experienced and we know President Trump is driving to that

the best possible deal for America. The UK bad deal simply from being

out of practice? The US has pulled out of the transpacific deal, that

is not going ahead and it was a huge deal. He's talking about we

negotiate in Nafta with Canada and Mexico, 25% of US trade and the UK

accounts for a lot less of US trade. If the UK were to stumble out of the

EU, in relative terms, the UK will be in a position of weakness and

will want a quick trade with the US but baby not be able to dictate the

terms, it would be one where the US is calling the shots and from the UK

point of view, it even a very liberal trade agreement with the EU

would not compensate the potential loss of trade from the European

Union if hard Brexit happens. The International Monetary Fund has

kept its growth forecasts for the world economy as a whole

unchanged for this year and next. But it wasn't so positive

about the UK and US. Our Asia Business Correspondent,

Karishma Vaswani joins me now The IMF's main message really a P2P

that the global economy it is chugging along steadily -- appeared

to be. 3.5% for 2017 and for next year. While China, Japan and the

eurozone saw an upgrade, the US and the UK are expected to see lower

than expected growth rate this year and that is because of a weak first

quarter. 1.7% growth compared to the 2% for the UK. But to be honest, it

does not really quite clarify why. You will remember the IMF was pretty

critical about Brexit in the lead up to the referendum and vocal about

the risks, saying the UK would see adverse effect but that does not

really show up in this report. Meanwhile, the fund also said the US

would grow by two x 1% in comparison to 2.3%. That downward revision is

due to the fact that the IMF does not expect to see the same fiscal

stimulus in the US that had been expected under President Trump

Mahmoud Abbas administration of things like tax cuts and

infrastructure construction. Given the problems with the

administration, they say it does not look likely. China saw an upgrade.

Next year 6.4%. All these figures are going to be in line with what

the Chinese government wants for its economy and both are slightly higher

than what the IMF previously forecast.

Renee Elliott founded organic supermarket chain

She said she went through a difficult time in her early

thirties, which led her to focus more on her own wellbeing.

She's shared her wellbeing tips for other bosses with CEO Secrets.

I think it was when I was in my early 30s, I went through a

difficult time and it was then I realised you have to take care of

yourself and put yourself first and take care of the basics otherwise

you cannot be a false the change in the world. -- force. Well-being

comes in many different forms, economic- band, save spend. Never

stop learning. Be honest and tell the truth. Psychological is about

doing the personal development work, taking responsibility, taking your

part in things. Good food, physicality and fitness. Spiritual

well-being of me is about meditation and socialism out having fun with

family and friends and then sleep which is so important. When you're

tired, go to bed. A lesson for us all.

Don't forget you can get in touch with me and some of the team

A survey of people over 65 in Britain has found that more

than 40% believe they have been targeted by scammers.

The Charity, Age UK, said of those targeted,

16 per cent of single older people, paid out money to fraudsters.