this is business live from bbc news with ben bland and sally bundock. chinese investment in europe and the us continues to grow reaching almos $100 billion last year — but can the trend continue? live from london, that's our top story on monday 6th february. so why is investment from a nine chain in europe and the us —— mainland europe and the us being curtailed? we will bring you the latest news from the markets. we will also speak to the

award—winning business leader who took over a waste management company at the age of 19. also today — ryanair profits are down — but passengers are up. fares continue to fall. so do you still have the cheap flights bug? just use the hashtag bbcbizlive. if you are planning your holidays, why not tell us where you are off to? welcome to the programme. the political events of 2016 may have ignited an unprecedented period of uncertainty for the global economy but one thing that appears to remain unaffected is the growing appetite of chinese investors. last year chinese investment in the us increased by nearly 190 percent. meanwhile, chinese investment into europe grew by 90 percent. all of this gives the impression 2016 was a good year for western

economies when it comes to foreign investment. so will this trend continue? well the uk is about to begin a two—year period of brexit negotiations and this echoes wider concerns over the health of the european union. france, germany and the netherlands are all set to head to the polls later this year and eurosceptic parties are gaining ground in all three countries. and in the us the uncertainty about what the trump administration means for future deals with china is very unclear. during the recent election campaign he vowed to impose punitive tariffs on chinese imports. add to that moves from chinese authorities to crackdown on money flowing out of china. chinese overseas deals could have been worth billions of dollars more if beijing had not blocked some 30 acquisitions with europe and the us. tim gee is mergers and aquisitions

partner at baker mckenzie and one of the authors of the report. he explained why those deals were blocked. some of the transactions and ousted not complete because the chinese bid was outbid. the chinese bid for london city airport was outbid by a canadian pension fund. then you also have regulatory control from the west, particularly in the us. some deals were blocked there, including european deals. then you have controls within china, and what we have seen is concern over capital outflow from china, and that has caused some transactions to be pulled as a result of china saying, we don't want this to happen. linda yueh is a fellow in economics at the university of oxford

and an adjunct professor of economics at london business school. nice to see you, linda. this report is interesting on what happened last year, because the numbers are staggering, the amount that was invested in the us and europe, but also the amount that wasn't. talk us through a bit more the reasons why. the chinese are trying very hard to control out what capital movement. there are some economic reasons. one is to stabilise the value of the chinese currency. remember, china p995 chinese currency. remember, china pegs its currency. they have to control the amount of currency flowing outside its borders. the other reason is they don't want companies companies being bought,

but that is how commercial transactions should work. that is more of an excuse. the real reason is that they want to control the capital markets, just as they control pretty much everything else in the financial markets in the country. i wonder what your take is on the future appetite of chinese investors investing in the us when we have quite convert of statements from donald trump, accusing china of manipulating its currency, questioning the one china policy. will that affect investors' willingness to pour money in?” think the rhetoric will have some impact, but i wouldn't overstate it. politically, there has always been a lot of tension between the us and china, but a lot of businesses do deals anyway. the chinese don't view donald trump that negatively. there are some who are worried, but there are some who are worried, but there are others who say, he is a businessman. he welcomed some

chinese companies to make jobs businessman. he welcomed some chinese companies to makejobs in america. there are only two roles in an american economy, he said — hire american people and by american products. —— purchase american products. —— purchase american products. . there has been a shift away from... the chinese government is attempted to control notjust the financial markets but the whole economy. china's growth is slowing. it is one of the reasons why big companies want to invest overseas, to diversify. the government doesn't wa nt to diversify. the government doesn't want them to put money into things that they don't think will help china's growth. they want innovation, expertise and things like high—end financial services, high—tech manufacturing, so their

investment in america and europe tends to be permitted if it is of that ilk. it tends to be scrutinised if it is more about buying entertainment companies. thanks, linda. all was good to have you on the programme. there is more about that on our website. take a look when you have time. some other news now. apple, facebook, google and microsoft are among 97 companies to have filed an official court document opposing donald trump's travel ban. the us president's executive order prevents people from seven mainly muslim countries entering the united states. on saturday, the federal appeals court rejected the trump administration's request to reinstate the ban after it was initially blocked a day earlier. ryanair has reported an 8% fall in profits as increased competition forced the irish airline to cut fares. the company says that average ticket prices may have fallen by as much as 15 per cent over the winter period. ryanair has warned that 2017 will continue to be a difficult year for the industry,

but the carrier left its profit forecast unchanged. two of japans biggest automakers have announced plans to work together. toyota and suzuki said they'd been working on the deal since october. leisha chi is in singapore. this is interesting, isn't it? that's right. i just this is interesting, isn't it? that's right. ijust want this is interesting, isn't it? that's right. i just want to this is interesting, isn't it? that's right. ijust want to mention that toyota has just released its latest earnings numbers. they have raised their profit forecast thanks to stronger sales. they say they expect profit of 15 billion us dollars in the financial year to march, a 10% increase from the last forecast. toyota last year lost its title as the world's biggest car—maker to volkswagen. the

industry is getting more competitive. tidying up with suzuki isa competitive. tidying up with suzuki is a means to address that. they will develop green cars and other technologies, but it is worth mentioning that both companies have a history of failed alliances, so let's hope that this relationship works out. thank you very much. asian markets rose as investors tracked a record on wall street. that was fuelled by a better than expected jump in usjobs. financial stocks in particular have been boosted by donald trump's review of trading regulations. he's likely to relax the tighter regulations that were imposed on banks after the 2008 crash to try and prevent a repeat of that. in europe the main markets opened a shade higher — but fairly flat. some things to watch out for this week — investors will be looking at the results from bp and total for the last three months of 2016.

they are two of europe's biggest energy companies. will their results reflect the rebound in oil prices? and samira husain has the details about what's ahead on wall street today. if the last two weeks were anything to go by, we could see another busy week. it will also be a busy week per business news, as companies continue to report earnings. general motors will release results on tuesday and it is expected to have a record year. coca—cola is also reporting this year. fizzy drinks are going flat as consumers look for are going flat as consumers look for a healthier options. the company has been trying to diversify away from sugary drinks into coconut and vitamin water, but it hasn't been enough —— but has it been enough? wall street is —— twitter is

reporting as well. joining us is trevor greetham, head of multi asset at royal london asset management. a lot going on, as usual. we'd been touching on some of the issues. let's talk about travel, because that seems to be impacting trade in asia, with shares doing well. perhaps an executive order on financial regulation coming up soon? yes, and you will generally here donald trump using the short form of the consumer protection act. he wa nts to the consumer protection act. he wants to deregulate the american market generally, which would mean

getting banks... wasn't the regulation brought in to protect us against another 2008 — style crisis? yes. it is that a question about whether it will be a good thing or a bad thing, but it will have to go through congress. there will be opposition. generally, we are testing america's separation of powers. donald trump will say stuff and then see what happens. the challenge to immigration. companies now joining challenge to immigration. companies nowjoining the legal case to try and get the travel ban overturned. from his point of view, he can't lose, because he says, i will ban people from these countries, and he is then stopped from doing it, but he can say to his supporters, i tried and i was stopped by so—called judges and so—called politicians. he has nothing to lose. there is a

continual war in the markets between what it sees good, such as stimulus, and what they see as bad, all the crazy stuff. other crazy stuff coming up this week — what are you watching? amongst all this political noise, the world economy is strong, which is good. markets. china is strong this year, whereas it was wea k strong this year, whereas it was weak for strong this year, whereas it was weakforfour orfive strong this year, whereas it was weak for four or five years. maybe they don't want to slam the brakes on, so it will stay quite strong. thank you forjoining us. still to come: we'll speak to the woman who unexpectedly took over the family firm at the age of 19 and turned it into a multi—million dollars business. you're with business live from bbc news. let's tell you a bit more about ryanair reporting and 8% fall in profits. they said average fares

fell to £28 per customer, a fall of 1796. fell to £28 per customer, a fall of 17%. traffic was up 16% on last year. the chief financial officer of ryanairjoins us year. the chief financial officer of ryanair joins us now. year. the chief financial officer of ryanairjoins us now. it's an interesting time for you as a company, as many of your rivals. more people travelling but you're making less money per passenger and your profits are going down. good to talk to you. we're having a relatively good year, to be honest. 0ur profits in the first nine months we re 0ur profits in the first nine months were up. as you said, passenger numbers were exceptionally strong. we had record load factors of 95%. an average fare of £28. fares could be down as much as 15% in the fourth

quarter. we have maintained our guidance of 1.35 billion, which would be record profits for ryanair this year. it really is an issue for you, isn't it? we have heard you will sustain those low prices the rest of this year and probably the first quarter of next, so your profits will be more and more squeezed, when they? —— won't they? we have the lowest fares of anyone out there, and we announced this morning that our total costs will be down by 4%. when you consider that our next nearest competitor's ‘s 40% higher than ours, and yet we're looking at unit cost reductions, excluding fuel, that puts is in a strong position relative to everyone else. we're better hedged next year compared to competitors. we have aged 85% of our fuel requirement, which is our biggest cost, and there

will be significant savings on fuel. we are very good at cutting costs in the businesses and keeping competitive advantage. we grow profitably on the back of it. next year, our plan is to deliver 130 million customers. that's the chief financial officer. more detail is on our website on ryanair‘s earnings more detail is on our website on rya nair‘s earnings and more detail is on our website on ryanair‘s earnings and other companies out with news. you're watching business live. our top story, chinese direct investment into the us and europe more than doubled to a record $91; billion last year. lawyers baker mckenzie say that was despite $75 billion worth of deal falling through. a quick look at how markets are faring. this is how they're looking after a fairly flat open. the ftse is up a shade. the dax and the cac down

slightly. waste disposal is big business. in the uk alone, the industry is worth more than £0.5 billion. but it is in a predominantly male—run sector, jacqueline 0'donovan stands out as a rare female leader. at the age of 19, jacqueline took over the family business following her father's death. 30 years on and 0'donovan waste disposal is a fast—growing firm with annual turnover of £19 million. it employs 160 people and mostly operates in london and the south east, a complex and very competitive environment. jacqueline 0'donovan, managing director of 0'donovan waste disposal is here. tell our viewers about the beginning for you. because your father died suddenly when you were just 17. he was running the company? he was,

yes. he had a successful business and he died back in 1985 when i was 17 and i'm the youngest of four. the youngest of four? the youngest of four. but it fell on your shoulders to run the business? it fell on all our shoulders, but it took a couple of years to stabilise and once it stabilised, we picked our role and mine was managing director. how did you manage that at such a young age? you're running a company, what sort of business experience did you have at that stage and were you just winging it? i was winging it. at that stage and were you just winging it? iwas winging it. i ran out of school at 16. i couldn't wait to get out the gatesment i had a job asa to get out the gatesment i had a job as a childminder in germany which i didn't take on and the rest is history. what reaction do you get from friends when you tell them your line of work? they say what line of work are you in and i say, "i bet you can't guess." which they can't! it isa you can't guess." which they can't! it is a difficult business to be in anyway, i imagine 30 years ago, at

the age of 19, being a woman running this company in london it was extremely tough. what kind of barriers and difficulties did you face? first of all, the biggest barrier was i was a female in a male dominated industry which i think bothered the men more than it bothered the men more than it bothered me. then i didn't play golf. that was also a bit of a hurdle especially when it came to... do you play golf now? no, no time to shop or golf. that was a hurdle. but ijust shop or golf. that was a hurdle. but i just saw them as challenges and worked my way over them each and everyone. how did you overcome them? was it by proving to people that you could hold your own and you were just as able to grasp this industry as they were? i didn't really think about it at all. it wasn't something that i thought about, oh, my gosh, i'm a woman in a male dominated industry. it was something i took as a challenge. i enjoy a challenge and i got on with it. the males felt more intimidated than i did. the actual industry itself has

changed in that period of time? oh, massively. we just chuck everything away in one bag and you guys would ta ke away in one bag and you guys would take it away. i imagine in the uk many viewers around the world have a similar experience, we're separating our waste, we might get fined if we don't do it properly and it is left behind. it has completely changed. what has that meant for your business? it brought us to the fore front. 20 years ago if you were at a social event with regards to business you would tell people you we re business you would tell people you were in waste disposal, it was right move on to the next question or the next subject. now, they want to know how you do it, what equipment is involved, whether people are still involved, whether people are still involved, and people are more interested in how it's done. is it harder to make money now? oh, yeah, without a shadow of a doubt because it takes a lot more money, a lot more equipment to recycle more. so yeah, the prices have gone

completely. what's your ambition for the business. where do you take a waste disposal business in the future? bigger and better things. i would like to try different waste streams. we would like to expand as a family. so yeah, bigger and better. are we sitting on a waste time bomb in london? i imagine any capital city around the world in terms of waste is a big problem?” wouldn't say it is a time bomb. i think it is very well handled. behind the scenes what normal people don't see is very well handled. how much is landfill and how much in terms of percentages? we are 10096 diverted from landfill and we have been for years. the old landfill, the biggest issue is food waste going to landfill. that's the next hurdle for the food waste industry. i could talk to you for hours, couldn't you ? yes. i could talk to you for hours, couldn't you? yes. fascinating. we can't. thank you for coming in. really good to have you on the

programme. thanks. and now for the latest instalment of our ongoing ceo secrets series we're going to hear from the head of a family company that's now in its fifth generation. paul symington is chairman of the portuguese wine company symington family estates. this is the business advice he wishes he had been given when he started out. if you were going to have a big row, leave it for the really important things and don't have arguments over the small things. we're a family business that goes back into the 19th century. a family business that is united is unbeatable and there is incressing evidence of the success of family businesses vis—a—vis major corporations. put aside the little irritations because they're not important. take a deep breath, sleep on it, come back and then you will have an unbeatable team. if you let small niggly things get in the way, you really break up a really, really fantastic business. there you have it. loads of top tips

from bosses on the programme today. let's see what other stories are being talked about on social media. dominic 0'connell is with us. we have to talk about brexit. we have to talk about brexitm we have to talk about brexit. it is on the front page of the ft today. a survey which indicates big quota companies are negative on the uk following the vote to leave the european union. which is hardly surprising given in the run—up in the campaign most of these people would have campaigned in favour of remain. that's despite all the data, you know, proving them perhaps wrong? yeah, it shows the uk is growing reasonably at the quarter it was 0.6% one of the best of the g7. are they wrong? well, it matters if they have a negative outlook because they have a negative outlook because they are the ones who drive investment into the uk. they are the

ones who providejobs investment into the uk. they are the ones who provide jobs for the k. investment into the uk. they are the ones who providejobs for the k. i must say also the survey is at odds with the ones i've talked to, most business people are prag pattic about life. most business people i speak to are let's get on it. some companies will have to move people, but by and large business people are flexible and adaptable, i think. let's talk about this fascinating story about the boss of tiffany. he was shown the exit door in a kind of... he has been in the job for two yea rs. of... he has been in the job for two years. he got the boot on sunday night they announced it. just before the super bowl when tiffany had one of its first time ads? tiffany sells upmarket jewellery. of its first time ads? tiffany sells upmarketjewellery. tourists of its first time ads? tiffany sells upmarket jewellery. tourists going to new york, you know, it costs them more to buy tiffanyjewellery, if you know new york, tiffany's main store is right beside trump tower. they said it was getting hard for them to get people in and out of the door because of the motorcades arriving, it is a double trump

thump. why get rid of the boss? that's not his fault? it is often the boss that carries the can. it is difficult for tiffany. all the up market brands are flying on the edge. 0ne mistack and you can easily fall out of favour. there you go. on the ropes. he's looking for a new job. thanks dominic. that's the end of another packed show. it flies by. there will be more business news throughout the day on the live page and on world business report. we will see you soon. take care. bye— bye. hello there. the week has started on

a cold note with quite a widespread frost this morning. the week will end on a cold note as well as i'll show new a moment, but we have a wet and windy interlude to get through first and that's heading our way later on today. so through this afternoon, things should stay fine across central and eastern areas, but sunshine will be increasingly ha rd to but sunshine will be increasingly hard to find as cloud increases and for south—west england, wales and northern ireland and western scotla nd northern ireland and western scotland we will see rain working its way in. some of the rain will be heavy and accompanied by strong and gusty winds. so, this is 3pm. and through the south—west of england and up into wales, we will see heavy outbreaks of rain. the heaviest of the rain will be on southern facing slopes. so across the brecon beacons it could turn wet indeed later onment for northern ireland, a really soggy end to the day. quite a poor rush hour in belfast and with that, some very strong and gusty winds. we could see 60mph and maybe 65mph wind gusts. some of that rain

into the western side of scotland. showers for the northern isles. in between, a decent amount of dry weather and some brightness into the afternoon. a similar story across eastern england and into the midlands. there could be one or two stubborn fog patches through the vale of york that will linger all day. it is a dry afternoon if an increasingly cloudy one. the wet and windy weather will spread eastwards across all areas. we will see snow across all areas. we will see snow across the high ground of scotland and down into the pennines as well. as the rain clears from western areas, temperatures could well drop low enough to give us icy stretches on untreated surfaces across the south—west tomorrow morning. but that weather front is reluctant to clear the east coast of england and really tomorrow it will hang around all day long. so some cloud and increasingly patchy rain. further west, brighter skies and sunshine and hefty showers towards the south—west which could contain hail and thunder. now, rememberthat south—west which could contain hail and thunder. now, remember that band of rain that weather front in the

east. 0n of rain that weather front in the east. on wednesday, it starts to sly westwards again. not much rain on it at this stage, but as the front comes westwards we start to introduce an easterly wind, it will turn cold in eastern areas and that ta kes turn cold in eastern areas and that takes us to the end of the week. it looks like it will be cold for all of us and cloudy and there is the increasing chance of snow flurries particularly in the east. good morning. it's nine o'clock. welcome to the programme. this morning till the state of the nhs in england has been described as humanitarian crisis. this winter has seen a humanitarian crisis. this winter has seen a huge strain on hospital. in one week last month, four out of ten hospitals were one major alert status, and there are constant calls for more funding. a survey out today says half of you think the quality of the nhs has been getting worse over the last six months. this morning, we will hear your experiences and ask if you have solutions. i am a full-time nhs

co nsulta nt solutions. i am a full-time nhs consultant in anniston easier. i am representing the senior tier of physicians on the shop them say we