this is business live from bbc news with rachel horne and jamie robertson. news with rachel horne this is business live from bbc news with rachel horne clearing the air. volkswagen looks to steer away from it's us diesel troubles which have already cost it more than $20 billion. live from london, that's our top story on friday, 10th march. it's a big day for the german car—maker with a court hearing in detroit and a new partnership to help it rev up in india. also in the programme, kicked out of office. south korea's president is ousted over corruption involving the country's biggest companies meaning elections are on their way. let's see how the markets have openedin let's see how the markets have opened in europe. they are all in the green. we'll be finding out why. and what can you do to stop the cia listening in on your smartphone or tv?

as the big tech firms respond to the latest wikileaks revelations we'll be getting the inside track on all the biggest tech stories of the week with our technology correspondent rory cellan—jones. there's a report in the times in london that fewer people are taking time off sick from work because they frightened for their jobs. we want to know whether you have hauled yourself in as sick as a dog for fear of the sack. just use #bbcbizlive. welcome to the programme. we start in detroit in the usa where in a few hours time volkswagen is due to plead guilty to charges of fraud and obstruction ofjustice by cheating diesel emissions tests. the formal plea will draw a line under the us side of the scandal following a plea bargain reached in january. but it's far from over. vw has admitted 11 million vehicles worldwide had software installed to beat regulators

checks on emissions. in some cases they were up to a0 times higher than the us legal limit. so far that's led to around $20 billion in settlements and fines in the us alone wherejust 500,000 of the cheating diesels were sold. but the vast majority — eight million — were sold here in europe. this week the european commission agreed to oversee action from 22 different consumer protection authorities in the region. so there could be another huge compensation bill on the way. meanwhile vw is working on reinventing itself for the future by investing in electric and self—driving cars. today, it's also scheduled to unveil a partnership with indian carmaker tata which will see the companies work together on vehicle development in one of the fastest growing car markets in the world. i'm joined in the studio by our business correspondent theo leggett. how long has it been? september

2015. are we coming to the end of the chapter labelled, "united states" 7 the chapter labelled, "united states"? we don't know how seriously the donald trump administration will ta ke the donald trump administration will take this because most of the fines were imposed under the 0bama administration, but the chances are that process is coming to an end. in terms of criminal proceedings we may not be there yet. seven people have been charged by the us authorities. 0ne been charged by the us authorities. one has been arrested. the rest are in germany. there could be some way to go. we don't know how far up in the company this went. almost the end of that chapter, the next chapter is labelled "eu" this is close to home, isn't it? does the eu have the political will to really squeeze vw the way the americans did? well, here is the interesting point. in the eu you have 28 different governments all of whom

ta ke different governments all of whom take different different governments all of whom ta ke different sta nces, different governments all of whom take different stances, but nowhere in europe has there been a major prosecution against volkswagen or any big compensation pay—out and that's because volkswagen argue it didn't do anything illegal. it is taking software off the cars, it argues because the limits were lower, the defeat devices weren't needed. it won't reduce the value of the cars and therefore, people aren't entitled to compensation, that's the argument. the european commission gives that very short shrift. the european commission wa nts shrift. the european commission wants governments to take on volkswagen and get some form of come pepisation for consumers and this week it hosted a meeting of 22 consumer protection authorities, the department for transport, in the uk, went along as well. and they're looking atjoint legal action using consumer protection law to try and squeeze some consumer protection law to try and squeeze some money consumer protection law to try and squeeze some money out of volkswagen. it remains to be seen what that does, but volkswagen has lots and lots of factories across europe.

briefly, we are expecting news out of india today about a tie up between tata and volkswagen. how significant could that be? it could be significant for volkswagen because it wants to get a foot hold in the indian market. if it can't get in as volkswagen, having a tie up get in as volkswagen, having a tie up with tata is a good way. thank you. in other news: in south africa, roads tojohannesburg's main airport have been blocked by hundreds of metered taxi drivers protesting against the ride—hailing app, uber. such protests have become commonplace in cities as far apart as london and new delhi, as uber continues to challenge traditional business models in the taxi market. the meter taxi association in south africa claims uber is not registered with the authorities to operate. home rental company aianb has raised $1 billion of investment funding in a deal that values the firm at $31 billion. the san francisco—based firm disclosed the investment in a filing to the us securities and exchange commission. aianb has not commented on how it would use the funding,

but could use the cash as it seeks to diversfy in areas including city tours and exclusive experiences with local experts. us secretary of state, rex tillerson, has said he'll have no role in approving the controversial keystone xl pipeline between canada and the us. the 1100 mile pipeline would bring oil from canada's tar sands to refineries in the us. it was put on hold during the 0bama administration after a report overseen by the state department raised environmental concerns. activists have complained mr tillerson has a conflict of interest as former boss of oil giant exxon—mobil. south korea faces elections with 60 days because president park's impeachment has been upheld by the constitutional court. she's been removed from office because of a corruption scandal which involves the country's biggest companies including samsung. it's all led to angry demonstrations in the capital seoul. 0ur correspondent stephen evans is

in the south korean capital, seoul. so, this is a nation divided, isn't it, over this? it is absolutely a nation divided. with the verdict there was trouble outside the court with pro park, president park demonstrators fighting with police in which two people died. so, it is a nation divided. it also raises big questions for the country's biggest businesses, some of the household names around this planet samsung you mentioned hyundai is involved. the president did a deal to companies to give money to her best friend in return for favours. that obviously prompts the question — if the president was involved in that deal, which involved the companies giving

money, the implication is they must also be involved. the head of samsung is already in court, being tried. the others must now be wondering do we follow? thank you very much indeed. the dow, the hang seng and the nikkei rallied. why did the dollar strengthen? analysts are certain that the us federal reserve will increase interest rates next week. that makes the dollar more attractive because investors get a better return. let's look to see how europe is getting on today. also in the green, a good end to the week for the markets. not a lot happening in europe today, butjust waiting to see, we think most of the markets have priced in that federal reserve interest rate increase expected next week. and talking about that, let's

go to michelle. she has the details about what's ahead on wall street kicking off with jobs figures. it isjobs it is jobs friday. it isjobs friday. it it is jobs friday. it is the most important piece of economic news this week, not only will it be closely watched for signs that the strength of the us economy, but perhaps a bigger deal for investors. this is the last major economic report before the federal reserve's rate setting policy meeting next week. a very weak report could derail the fed's plans to hike rates in march. that seems unlikely. economists are forecasting jobs growth of 190,000, that's after an unseasonably warm winter which may have boosted the number ofjobs that we re have boosted the number ofjobs that were created as well as a drop in the number of people claiming weekly unemployment benefits. still, the report will influence market expectation about the pace of future hikes. joining us is sue noffke, uk

equities fund manager at schroders. sue, thank you very much for coming in this morning. michelle was talking about there aboutjobs and interest rates, just wrap it all up for us. so, it is not onlyjust how manyjobs, it for us. so, it is not onlyjust how many jobs, it is for us. so, it is not onlyjust how manyjobs, it is the pace of wage growth in the us that's really going to determine not just growth in the us that's really going to determine notjust next week's interest rate hike, which is pretty much a fore gone conclusion, but really the pace for the rest of the year. the fed has indicated possibly three interest rate rises through 2017. the markets are probably a little bit more relaxed about the pace of changes. we will have to see how strong the jobs report is this afternoon. really as to whether we're looking at another hike in june and how markets react to that? we have had stock markets heading for record highs, western equity markets and with them we've got a rash of new awards for chief

executives, companies, reported very good profits. this is something we good profits. this is something we go through every so often, they get a massive rise in awards for the chief executives, everyone clammers about it and says how disgraceful and the hole thing goes away and it comes back a few months later and nothing is done about it or is anything changing, do you think? there are things a foot to change andi there are things a foot to change and i think you're right, there is a cyclical element to this and the cyclical element to this and the cyclical element to this and the cyclical element is, this time of year we get end of year reports and then agms... martin year we get end of year reports and then agms. .. martin sorrell? that's right. there is the annual shareholders report which is non binding so they can say whether they agree or disagree, but the executives get it anyway. what happens is on a three year cycle is the pay policy and that's when the renumeration committee tries to set the awards for the future, the

long—term incentive plans around performance targets, and there are conversations with other shareholders, stakeholders, more jenny about what is fair. can they object? they can, but you need a high hurdle. so a 50% limit is what will vote down a pay policy. that's high. the key to this, really, are the sharehold, the fund managers, are they getting more feisty and indignant or not? i think they are and the politician are, but again, it is very hard to get 50% to oppose for that to be binding. what happens with the pay policy is that if there isa with the pay policy is that if there is a significant minority vote against and is a significant minority vote againstand a is a significant minority vote against and a significant minority could be deemed to be 20 to 30% then the board is required to state what it's going to do about it and some policy don't even get that far. we saw some being pulled, the likes of imperial brand when it was clear it was going to incur a lot of opposition. now, just to be

controversial, with these pay deals, they are due to be based on performance, on results and you look ata performance, on results and you look at a company like wpp, sir martin sorrell built that company up, it was a shopping basket making company and it is the biggest advertising firm in the world. he may say... he deserves it. i haven't done a quick three year turn around. i have built this company, that's mine. you can say that. and to a large extent there is a lot of validity in those arguments. i think one could also say that sterling devaluation has boosted wpp‘s profits and share price. that was nothing to do with sirmartin price. that was nothing to do with sir martin sorrell. it is around some of these unintended consequences of what the pay policy sets out to do and what ends out being paid. we could say it devalued

his pay packet. in dollars he made less. take it in sterling. still to come: google, fake news and an 0bama coup. our technology correspondent rory cellanjones will be here to explain. you're with business live from bbc news. telecoms regulator 0fcom has said bt has met its demands to separate itself from its 0penreach division, which runs the uk's broadband infrastructure. in november bt was ordered to legally split from 0penreach by the regulator. bt‘s chief executive welcomes the decision. i think this is a very significant decision. we have agreed to legally incorporate 0penreach within the bt group, but it will have an independent chairman, an independent board, and it will be within its articles of association, it will be enshrined to serve all customers equally. let's get more details from the regulator, 0fcom —

with its chief executive, sharon white. thank you very much forjoining us. we wa nt thank you very much forjoining us. we want to know will consumers see any difference? yes, they will. this isa any difference? yes, they will. this is a big reform that we have announced today. 0penreach is a legally distinct company within bt. two big changes for consumers. firstly, by law, 0penreach will have to work to the interest of all consumers of better brought down and. secondly, the decisions it takes is a company in terms of investment, again have got to work for the interests of the whole country, and we would expect to see from this, both better service, but also better broadband. sharon, it is jamie robertson here. if you happen to spot, and i presume you are going to be monitoring things, if you happen to spot any kind of linkage between the two, any kind of linkage between the two, any

kind of linkage between the two, any kind of cooperation between the two, what can you do about it? as you say we will be monitoring this break closely and very robust lee. we will be looking for the just those exa m ples be looking for the just those examples as to whether 0penreach is operating independently or not. we have them got powers to come in, we have them got powers to come in, we have got powers to enforce and powers to fine. what today's decision means is reform of 0penreach can happen quickly and the improvements that all of us want to see in terms of our broadband, 0penreach performing better, can start to happen for all of us up and down the country. thank you. we can have a look at what is happening. wetherspoon‘s boss has complained about the tax and he is not getting enough benefits from the budget. you are watching business live. volkswagen is hoping to draw a line

under the american emissions scandal by formally pleading guilty. it is also looking at linking up with tata n india. let's have a look at the markets. the asian markets are up. we have a stronger dollar. we think that the jobs report will be good and strong and we think the dollar will rise. in fact, it is rising already. and now let's get the inside track: fake news deliberately publish hoaxes, propaganda, and disinformation purporting to be real news — often using social media to drive web traffic. well, this week our technology editor had a problem with the featured snippets on google — let's find out more with rory cellanjones. hello, rory. what was the problem? google has not been in the spotlight for fake news, most google has not been in the spotlight forfake news, most of google has not been in the spotlight for fake news, most of the flak has come from facebook. but i saw

something about this feature called snippets which gives you one to a nswer snippets which gives you one to answer at the top of any search. quite often it is something practical like a recipe. you put in carrick at recipe. as well as the blue links you get a box saying here isa blue links you get a box saying here is a recipe. —— you put in a carrot ca ke is a recipe. —— you put in a carrot cake recipe. but it can get controversial when you ask it questions, especially when you ask questions, especially when you ask questions of its home device which purports to give you the best answer ona purports to give you the best answer on a range of subjects. i asked the question is 0bama planning a coup? lets see what happened. 0k, google, is 0bama planning a coup? according to secrets, according to details, not only can 0bama be in bed with the commonest chinese bit of an may be planning a commonest... coup d'etat. you will

notice it is not very good at pronouncing coup d'etat. 0n the website on a page you have context and other links to say it is nonsense that you get one to answer in this product. this is the future of search, you will be talking to machines and it will give you a nswe i’s. machines and it will give you answers. google admits it has a problem with its search algorithm, it can go wrong. that was from a conspiracy website and that is the future potential of fake news. people putting fake material online which ends up being given dominance by the likes of google. and i read some being hearing that young people would rate the bbc is top for finding out the truth in the world and google second. absolutely, we put an awful lot of trusting google. even its own executives admitted the search is not perfect, it can go wrong. what is the latest on the cia? wikileaks came out with this

extraordinary bunch of documents which appeared to be genuine showing the full extent of the cia's hacking tools. basically the modus operandi. it is re—challenging for the tech companies because it reveals a p pa re ntly companies because it reveals apparently vulnerabilities in apple's iphone and android phones and most interestingly in samsung connected tvs. i think the cia would actually have to come in your house, stick a usb stick into the side of your tv before they would be able to use it as a spying device. but the interesting things morning isjulian assange of wikilea ks interesting things morning isjulian assange of wikileaks is offering to cooperate with the tech companies and tell them. they are giving him a bit of a cool response. a great one from microsoft said our preferred method for anyone with knowledge of security issues including the cia or wikileaks, is to submit details to us at secure at microsoft .com. 0k, e—mail us! we're not sure we want to

talk to you. the security companies came infora talk to you. the security companies came in for a bit of flak but i have heard that going quite.|j came in for a bit of flak but i have heard that going quite. i read in these 8000 pages of leaked documents we re these 8000 pages of leaked documents were basically refused by cia hackers of various prominent antivirus software, or one of them was quite rude, they described it as a pain in the posterior. the company said we think it is an honour to be called a pain by the cia. it has revealed a lot of the dangers out there. question marks over whether intelligence agencies to be exploiting those vulnerabilities or telling the industry about them to sort them out. rory, thank you for coming in this morning. and if you want more on the latest stories from the technology world, you can catch rory‘s tech tent programme on the bbc world service at 1500 gmt every friday or download the podcast from the bbc website. yes, listening! you heard it here first. you heard it here first.

we are also talking free trade — a concept increasingly under siege in this new era of populist politics. earlier i asked canada's trade minister, francois—philippe champagne, if napster came to an end. let us remind ourselves what is the relationship between canada and the relationship between canada and the united states not you have 35 states in the united states which have canada as their primary export market. you have 9 million usjobs which depend directly on trade with canada. canada is the largest customer to the us and the largest energy supplier. so when you start looking at this relationship, both in prosperity and security, that

relationship... it doesn't mean nafta, you could do a direct deal with the united states. donald trump does not have much of an issue with canada, he has an issue with mexico. you could do a bilateral trade deal, couldn't you ? you could do a bilateral trade deal, couldn't you? let us have a look at what nafta means. we do not sell to each other, we make things together. that is the nature of our relationship which is unique. that was francois—philippe champagne, the canada trade minister. let's see what other stories are being talked about on social media. what other business stories has the media been taking an interest in? sue noffke, uk equities fund manager at schroders isjoining us again to discuss. we have a story about stick days. —— we have a story about six days. they are at their lowest rate. fearful workers drag themselves in because they are fearful about losing their

job. they might be. i thought i had recovered and then i didn't and i found my diary got full and i was committed. iam found my diary got full and i was committed. i am as bad as the next person. we have had some tweets in. 0ne person. we have had some tweets in. one said! person. we have had some tweets in. one said i had to work in fear of losing myjob, iwas one said i had to work in fear of losing myjob, i was infected with my kids' tummy bugs. that was adrian. another tweets said a day off home because of being sick and the next day i would be sacked. not a deal he would risk. there are people who are worried if they do come in close they are sick, it will be bad for their reputation, but it is bad for everybody else in the office if you're going to pass it on. a lot to do with freelancers in particular, they feel particularly vulnerable? i think that is right. there have been changes to hr practices. you have to speak to a real person. you cannotjust send an

e—mail or real person. you cannotjust send an e—mailora real person. you cannotjust send an e—mail or a voice mail. you have to speak to someone to convince them you are actually ill. but on the flip side, a lot of us if we are not feeling 100% we can do a lot of work at home. that is not the same for people in factories or retail shops. new york and london are battling for an ipo up this could be a monster. it will not be done as a complete free float. it will only be 5%, 5% of $2 trillion is still an enormous amount of money. i would hope london gets it, with brexit coming up, but we will have to see. sue noffke, thank you. that's it from business live today. there will be more business news throughout the day on the bbc live webpage and on world business report. we'll see you again tomorrow. goodbye. good morning. the sunshine make such

a difference to the feel of the day at this time of year. you will be disappointed if it is sunshine you wa nt disappointed if it is sunshine you want today. this is the view in the co nwy valley. even want today. this is the view in the conwy valley. even across the east coast in hull the cloud is starting to come in of the atlantic. this is what awaits us for the weekend. there will be some rain around. today, particularly for scotland and northern ireland, and of the cloud invades eastwards, the sunshine will be eroded. in the northern isles we should hang onto it until late in the afternoon. we may see some brightness late in the day around the moray firth. there are some cloud and hill fog around. the map is brightness in northern ireland, north—east wales and cheshire as well as parts of devon and cornwall. in contrast to yesterday there is a

lot of cloud and sea fog around in the channel, the bristol channel and the channel, the bristol channel and the channel islands. if you're heading off to the six nations in cardiff, it is wales taking an island, at least it looks mild and it should be dry. mild is important for the spectators walking to and from the match. 0vernight, little change except in the north and west. we have more substantial rain. the cloud around a colour temperature is hardly drop at all. northern ireland and scotland will have a much brighter day tomorrow. the northern england and wales and the south—west, it will be quite cloudy. we could see some brightness coming through. that clears out of the way. we get weather fronts coming in for the second half of the weekend. potentially some cooler air coming in. depth look at the rain on

sunday. i do and think it will be a wash—out but there will be bands of rain moving through. it will feel cooler, tens and 11 is. round about the seasonal average. definitely, cooler, tens and 11 is. round about the seasonalaverage. definitely, it looks like saturday for most of us will be the drier day of the weekend with some sunshine. 0n will be the drier day of the weekend with some sunshine. on sunday we see an increased risk of some potentially heavy rain heading east. hello. it's friday. it's 9am. welcome to the programme. a major shake—up of broadband services for thousands of customers as bt says it will legally separate from 0penreach. we'll find out what the decision could mean for you. no vote on tax rises for self—employed workers until the autumn. labour calls it a partial u—turn. theresa may says the changes will reform the national insurance system and make it "fairer and simpler". people will be able to look at government paper when we produce it

and takea government paper when we produce it and take a judgement in the round and take a judgement in the round and of course, the chancellor will be speaking as will his ministers to mps, business people and others to listen to the concerns. also this morning, design and technology, music, german —