US & Saudi Arabia announce huge investment deals

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• 00:00

  Hello and welcome to World Business Report from the BBC World Service.

• 00:04

  I'm Sam Fenwick.

• 00:06

  Coming up, it's been a day of warming ties and cooler jobs news.

• 00:11

  The US is getting friendlier with two major players.

• 00:15

  President Trump is in Saudi Arabia talking big money and investment,

• 00:19

  while over in China, the ban on Boeing deliveries has been lifted.

• 00:24

  We'll hear how the trade talks may have worked out well for both sides.

• 00:29

  Economic instability in China can mean social instability.

• 00:33

  And that's something that the Chinese leadership is always concerned about.

• 00:38

  But while diplomacy may be warming, the jobs market is starting to feel the chill.

• 00:44

  Nissan announces it's cutting its 20,000 jobs.

• 00:47

  And the tech firm Microsoft also begins a fresh round of layoffs.

• 00:52

  So where does that leave businesses, workers and the broader economy?

• 00:56

  Find out here over the next.

• 00:58

  30 minutes.

• 00:59

  Let's start with President Trump's trip to Saudi Arabia,

• 01:03

  where he and Crown Prince Mohammed bin Salman have announced a wave of commercial agreements worth more than $600 billion,

• 01:11

  a sweeping package the White House describes as a milestone in US-Saudi relations.

• 01:18

  With this historic state visit,

• 01:20

  we celebrate more than 80 years of close partnership between the United States and the Kingdom of Saudi Arabia.

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