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Business Matters: Trump Demands NATO States' Payment Obligations

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Trump Demands NATO States' Payment Obligations

26/05/2017 GMT

BBC World Service - Business Matters, Trump Demands NATO States' Payment Obligations

President Trump has addressed NATO leaders in person for the first time.

Trump told NATO member states they must honour their financial obligations to the defence organisation.

President Trump has addressed NATO leaders in person for the first time. He told them they must honour their financial obligations to the defence organisation. British Prime Minister Theresa May used the meeting to remind the US president that intelligence shared between their countries must remain secure. This after information regarding the Manchester terror attack was leaked to US media. We hear the reaction in Washington. 

Shares in US oil companies fell on Thursday along with oil prices. The trigger was an OPEC meeting in Vienna that agreed  - along with non-OPEC members - to extend a cut a cut in oil supplies, but not by as much as had been expected. The BBC's Economics Correspondent Andrew Walker explains. 

And what could be the biggest urban redevelopment project ever: several hundred high-rise blocks torn down and around a million citizens relocated. But will the Khrushchevka redevelopment in Moscow even happen? There's been resistance from some residents and the project has raised some profound questions about how best to develop our cities. Oleg Boldyrev reports from Moscow.

All this and more discussed with our two guests throughout the show: Heather Timmons, White House Correspondent for Quartz and David Kuo of the Motley Fool is in Singapore.

Photo: European Council President Donald Tusk speaks to US President Donald Trump at the NATO meeting, in Brussels on May 25, 2017. Credit: Getty Images.

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