this is business live from bbc news with alice baxter and ben bland. can president trump make french ties great again? with pressure over climate change and trade will there be a meeting of minds with president macron? live from london, that's our top story on thursday 13th ofjuly. these were the pictures about half an arrogant in paris whether us president hasjust an arrogant in paris whether us president has just arrived to be guest of honour at france's bastille day celebrations. plus free trade with the world's used the economy is also up for discussion side of the world, with the us saying it wants to renegotiate with south korea. the latest from the markets where asia

extended a bit of a global rally, responding well with some data. here in europe, a bit ofa mixed responding well with some data. here in europe, a bit of a mixed picture. and we'll be getting the inside track on how one man's made a sparkling success of british wine, despite the industry being overshadowed by its french rivals for so long. and as a court rules on whether checking potential employees social media is legal, let us know, would you be happy for a recruiter to look through your social media? just use the hashtag #bbcbizlive. hello, and welcome to business live. in the last hour, the us president donald trump has landed in paris. he's there to celebrate the french holiday of bastille day as president macron‘s guest. but as the white house put it, he'll be looking to build on the countries ‘economic partnership'. it comes as president macron told

a french newspaper this his country "must reform its economy to give it more vigour". the leaders will discuss the eu's trading relationship with the us, which is the biggest in the world. last year, they sold each other this: $686 billion worth of goods. the problem for president trump is it's tilted in europe's favour. it runs a surplus with the us — in other words, it sells more goods to the us than the other way around — by this much — $147 billion. which brings us to this: the transatlantic trade and investment partnership or ttip. talks on the massive free trade deal between the eu and us have been suspended since mr trump came to power. but he's hinted he might reconsider. the business world will be watching closely. as it will on this — the paris climate change accord —

mr macron says he will be pressing mr trump to sign up again, after he pulled the us out. another source of transatlantic tension — european pressure on the big us tech firms over tax avoidance. but on wednesday, a french court ruled that google is not liable for $1.3 billion in back taxes. good timing, perhaps. and there might be more common ground. mr trump has demanded european members of nato ‘pull their weight‘ financially. mr macron agrees — he's pledged to increase france's defence spending to nato‘s target of 2% of gdp, despite cuts elsewhere. cloe ragot is a france analyst with eurasia group, who advise businesses on political risks. cloe, a very good welcome to

business live. just before we get onto it, ijust wonder, these are two men, similar back story, the ground in the corporate world who have then gone on to take the top job in politics but very different personalities. how do you think that will play out in these discussions? they both have an interest to actually work together, so i think despite all the disagreement, as we know, on climate change, on trade, and also to some extent on defence, i think they will just avoid those topics and focus, for instance, on, you know, more trade relation, and also on counterterrorism. one of the things that we touched on just there was the trade deficit that the us has with the european union. it has been a clarion call that trump has gone back to time and time again,

that he doesn't like these imbalances. what hope do you think there is, then, of getting him to restart talks on the transatlantic trade and investment partnership, a free—trade deal, when there already exists this imbalance? free—trade deal, when there already exists this imbalance ?|j free—trade deal, when there already exists this imbalance? i think it is actually very unlikely that the talks will restart while trump is in power. i think one of the main platforms actually off is to fight against this tax avoidance, so you also mentioned google, it is very unlikely that they would find some agreements in the short—term. unlikely that they would find some agreements in the short-term. we also mentioned earlier the discord over climate. trump very publicly pulled the united states out of the paris accord. macron has been very vocalin paris accord. macron has been very vocal in his approval and that. —— in his approval of that. macron

hopes he will be able to persuade trump to come back into the paris agreement. will :;;,z, and f and that 52:41" and that is the paris agreement, and that is exactly also one of the main reasons why it was quite surprising that he was invited for the 14th ofjuly. 13th and 14th ofjuly in france. such an important day in france, yes. thank you very much, cloe. let's take a look at some of the other stories making the news... the maker of havaianas — perhaps the world's most famous brand of flip—flops — has been sold for $1.1 billion. the company which owned it is looking to raise cash after being caught up in brazil's corruption scandal. havaianas are one of brazil's best—known international brands, with over 200 million pairs of flip—flops sold per year. the boss of qatar airways says it

still plans, despite the us airline is deciding to terminate the pair's are sharing agreement. on wednesday american airline said it was ending its co—share deal with both qatar airlines. it said it believed the two were getting a legal state subsidies, something which they denied. irish business leaders have called for a the european union to provide a state aid programme worth more one billion euro state aid programme from the european union in order to protect irish firms in the event of a hard brexit. the irish business and employers confederation said that if britain left the customs union, it would massively disrupt trade, leaving irish firms exposed. britain is ireland's largest trading partner, supporting 400,000 jobs. the us has said it wants to renegotiate what it's calling a lopsided trade deal with south korea. monica miller is in singapore. monaco, tell us more. the news is

not much of a surprise to the south koreans. the president met with the trump administration in washington just last month, and may walk away with a message that the us felt that the free trade agreement is not a great deal. south korea is a major us economic partner, more than $141; billion of goods and services was traded between the two countries last year. in 2012, the obama administration said the fda would boost its businesses, but exports have declined almost 3% since the deal went in effect, and at the same time imports from south korean companies have increased by about 23%. the us trade minister said yesterday he wants to have talks with the moon administration within 30 days, however that might be a problem for the south koreans. president moon is yet to appoint the

top trade post and it may not be filled in time. thank you, let's stay in the region. let's stay in the region now where some asian shares scaled two—year highs and on thursday. they took their cue from wall street which posted record peaks. that followed the testimony of fed chief janet yellen who sounded more doveish than many had expected — talking of a gradual approach to tightening as the us continues to grapple with low inflation. equities were underpinned by a drop in bond yields pretty much everywhere. sentiment also got another boost when china reported upbeat data on exports and imports forjune. only japan's nikkei was somewhat restrained by a firmer yen and managed only a 0.15% gain. here in europe, markets have also opened slightly up. we're expecting news out from asos and astra zenica. and michelle fleury has the details about what's ahead on wall street today. one of the major us airlines, delta,

reported second —— reports second—quarter earnings this thursday. wall street hopes it will point to clear skies ahead. last week, the carrier said its revenue per passionjoe was up, helped by improving average fares. —— per passenger. the number two us airline by passenger traffic is expected to post a rise in quarterly profit. another company turning in its report card is cargill. full—year results for the privately held global commodities trader are likely to get a boost, thanks to healthy exports of us beef, but a glut of global seeds, that is likely to weigh on its agricultural business division. american central banker janet yellin delivers her second day of monetary policy testimony to the senate bank committee. on wednesday she told us lawmakers that interest rates would not have to rise all that much further to reach the

third's mutual level, and that's sent stocks and the dow to record levels. joining us is jane foley, senior currency strategist at rabobank. janet yellin‘s testimony, much awaited, and it has, you know, caused some movements, as expected. certainly, and really was the tone of her comments. the federal reserve have been hiking interest rates for a while and this year they have done it twice, and their official guidance suggested we would do it again this year and maybe three times next year, but of course inflation in the year has been required benign, as in most other countries, apart from the uk. yesterday, janet yellin gave me a little bit of good news. she sort of implied that maybe she was a bit more concerned about inflation and she had previously been, and suggested that maybe they may not therefore hike interest rates this year. good the stock markets, good for risk and that is what the market reacted to. it pushed the dow to a

record high close. yes, and softened the dollar a little bit as well. you are quoted on this story in the ft this morning. canada, the canadian dollar, the looney, i love that term, rocketing for the first time in seven years. again, this israeli interesting, in the context of all the developed countries and missed the developed countries and missed the session of whether they will hike interest rates more generally. the market was anticipating this, they had a couple of comments from they had a couple of comments from the governor and the deputy governor suggesting that they might, but what surprised the market was the statement that accompanied that interest rate hike, because they seem to suggest they would do it again, even though their inflation target is roundabout 2% and then inflation rates are round 1.3. so they are suggesting what is bearing down in canada in inflation is temporary, and interestingly the fed is saying that as well. but every

country in the gtn, temporary... inflation is quite benign, but not at the place had previous economic cycles abroad. see you later to go through some business papers. still to come... we'll meet the man making a sparkling success of english wine despite the industry being overshadowed by its french rivals for so long. i think we get to try some here on business live! don't go away. southern rail owners gtr have been fined £13.4m for poor performance. the firm has experienced waves of industrial action on its southern rail route over the past year, much to the continuing fury of commuters. theo leggett is in our business newsroom. fiola, tell us more. ok, well, as

anybody who has travelled on southern over the past year has known it has had a pretty rough time of it. 58,000 services or thereabouts were cancelled last year, and on various occasions the network came almost to a grinding halt. the biggest factor in that was a dispute between gtr and train staff. the unions, who claimed that the compa ny‘s attempts staff. the unions, who claimed that the company's attempts to try and make drivers responsible for opening and closing doors and changing the role of conductors was unsafe. that was the biggest factor in all the delays. there were others. what the government has been doing is examining whether or not gtr was in breach of its franchise agreement, and they have imposed this fine of £114 and they have imposed this fine of £131; million, and suggested at the same time that, although there were problems at southern, most of them 01’ problems at southern, most of them or not the franchise operator's fault. and therefore the fine could have been a lot higher, if they decided that the industrial action

and all that kind of thing was the responsibility of the franchise holder. it appears they have decided thatis holder. it appears they have decided that is the case. is that is why southern has been penalised, but what response has there been to this decision? it will come as a relief to the majority owners of gtr, go—ahead group. have a look at this graph, in february they issued a profits warning and the share price came crashing down. that profits warning was largely due to problems at southern. so for go—ahead group to get this behind them, and to say that it could have been a lot worse, that it could have been a lot worse, thatis that it could have been a lot worse, that is good news. obviously the unions are taking a different viewpoint. the rmt has come out and said this is a whitewash. consumer groups don't seem too happy about it either. plenty more on the website. it is updated throughout the day. the story on the other moment, mike ashley of sports direct, he has

bought a 25% stake in computer gaming group. two weeks ago, shares plunged after issuing a profit warning. you can read all about it on the business pages online. you are watching business live. the us president hasjust are watching business live. the us president has just arrived in france where trade will feature heavily in his talks with president macron. markets have just opened his talks with president macron. markets havejust opened in europe. a mixed picture. not necessarily following the global rally we saw in asia overnight. the thought of wine probably conjures up images of vineyards in france, italy and australia. but increasingly wine from britain is starting to make a name for itself. the english wine industry grew 16% between 2015 and 2016 with revenues rising to $170 million. but it's still a minnow.

by comparison, french wine sales exceeded $13 billion in 2015. we'rejoined by charlie holland, ceo and head winemaker at gusbourne vineyard. very warm welcome. thank you for having me. particularly warm welcome as you have brought some sparkling wine with you! i will try and do this without making a mess. no one is watching! we mentioned in the introduction that as an english winemaker, do you feel there is a snobbery about your product? are people asking, why would i buy english when i can buy french, italian, new zealand? it used to be the case ten years ago, people said

that, but there has been a big change in people's perception towards english sparkling wine. i think one of the reasons is the international competition results we have had over the numbers of years where we have been pitted... the best sound in the world! pitted against some of the best sparkling wines in the world and people recognise the quality is there now. this is obviously sparkling wine, we just heard the pop, 95% of what you produce is sparkling, why is that? just heard the pop, 95% of what you prodl our sparkling, why is that? just heard the pop, 95% of what you prodl our climb ling, why is that? just heard the pop, 95% of what you prodl our climb it |g, why is that? just heard the pop, 95% of what you prodl our climb it reallyy is that? just heard the pop, 95% of what you prodl our climb it reallyy ideally wine. our climb it really is ideally suited for sparkling wine production —— ourclimb it. suited for sparkling wine production —— our climb it. we are able to fully ripe and the grapes but we are able to maintain the acidity which is important for sparkling wine. you mentioned the acidity, that used to be one of the stigmas attached to

english wine, it was too acidic. how have you approached that marketing challenge of changing perception? have you approached that marketing challenge of changing perception7m is about making the best possible product we can. we have some exceptional vineyards and where we are based in the south—east of england, in the kent countryside, the garden of england, known for producing some of the best grapes and fruit in the world. the climate is very similar to the wine producing regions of, say, france. very similar to northern france, in, for example, champagne. sparkling wine is what we can compete on a world level at. has the weaker pound helps? we are seeing a lot of appetite for our wines abroad, we are exporting to 1a different countries. the falling pound is actually quite a good thing for us going to export marks —— markets.

slightly distracted! the uk's climate does not seem to naturally lend itself to some grapes that would necessarily make a nice wine? for sparkling wine, we have the perfect climate. if you were trying to make a blockbuster red wine, that might be more challenging. but for more refined and elegant wines that have a lovely vibrancy to them, our climate is perfect. i feel like it would be rude not to. cheers! just to spoil the illusion, they are plastic glasses, for safety, but still... that is lovely. that is why you did not hear the clink. lovely. really smooth. even at this time in the morning, still lovely. thanks very much. we are also talking about artificial intelligence. it has been accused of threatening everything from jobs to the human race itself.

it's also being called the most important technology to come along since electricity, and companies are racing to invest in research. microsoft has outlined a code of ethics. here's our technology correspondent rory cellan—jones: what if artificial intelligence could see your world and interpret it for you? microsoft engineer who is blind is showing me a new app called seeing ai designed to help visually impaired people. as well as reading text, it can tell him about the people in front of him, as sometimes he gets it wrong. 50—year—old man looking happy. sometimes he gets it wrong. 50—year—old man looking happylj sometimes he gets it wrong. 50-year-old man looking happy. i am getting younger by the minute! this is an application close to my heart but the general ai is applicable in so but the general ai is applicable in so many different ways. from around the world, microsoft scientists came to london to show off their projects. like this live translation

system for presentations. or softwa re system for presentations. or software which can search through hours of closed—circuit tv, as well as staking a claim as a leader in this technology, the firm has come up this technology, the firm has come up with ethical principles for al. microsoft believes we are creating ai microsoft believes we are creating alto microsoft believes we are creating al to amplify human ingenuity, not to compete with it. the human is the hero. i want to endow you with superpowers. microsoft isjust one of the tech giants battling to profit from advances in artificial intelligence which are giving computers skills once restricted to humans. they are learning to see, one example, driverless cars can see exactly where they are going. they are learning to hear what we say to respond to it. amazon's alexa can respond to it. amazon's alexa can respond when we asked them to give us respond when we asked them to give us the news or recommend a restau ra nt. us the news or recommend a restaurant. they are even making

judgments. for instance, on whether a scan shows a malignant tumour. in this battle over this crucial technology, google and facebook are spending vast sums on research, but china refuses to be left behind. investing heavily to build robots who will take over from humans investing heavily to build robots who will take overfrom humans in the vast factories. it looks like ai will transform the economy as it transformed industries, potentially make us all wealthier and happier and the companies who get their first will take the spoils, the rewards. you have to come out loud and strong. progress in artificial intelligence has been more rapid in recent yea rs intelligence has been more rapid in recent years than even the scientists predicted and companies like microsoft know they cannot afford to fall behind. what other business stories have we got? senior currency strategist joins us business stories have we got? senior currency strategistjoins us once again. one we were picking out, the

article in the ft about eu regulators trying to clamp down on prospective employers searching people's social media pages? the story references the fact 60% of employers look at social media in order to get a picture of the potential employee. what this says is that they may not be able to do that. certainly they should ask the prospective employee for their permission. and even if the data is public, they cannot assume they can use it for their own purposes. we we re use it for their own purposes. we were asking people today to tweet on that topic, how would they feel? a lot of responses. thank you. dale says, and intrusion of my privacy, but the posts are in a public setting. linda says, take a look if you wish. damian says, an invasion of privacy. dave says, perfectly happy, i only post things i would be

happy, i only post things i would be happy to hear about myself on bbc news. how would you feel? is that something you feel is commonly practised in the financial services? i know that the hiring process in the financial services is very detailed. you have to fit a certain type of person because of the regulator, the criminal potential in the industry. i think the people again, this hasjust been mentioned, that should be most concerned our young people who might perhaps be doing foolish things, posting them ona doing foolish things, posting them on a chat site, and years later, it comes back to home. i know that at some schools there are warnings going out for the last few years, be careful what you post, these things could be on there for ever and they might not do you good later on. you do not think about that when you 1a. thank you very much. we will see you soon. thanks for watching. quite a chilly start for some,

especially in rural areas. largely dry and plenty of sunshine developing once again, but also a few scattered showers today. the high pressure is still dominating bringing fine, settled conditions. but we have this weak weather front approaching from the atlantic bringing more persistent showers for a time across northern ireland and western parts of scotland later. for most of us, a lot of sunshine and a few well scattered showers. northern ireland, western scotland, the line of more persistent showers. showers too on the east coast. good spells of sunshine too. wales, one or two scattered showers. the south—west, temperatures here could reach the high teens. southern counties and the south—east, the risk of a shower is less so compared to elsewhere. wimbledon, it does look like it will

bea wimbledon, it does look like it will be a largely dry picture with light winds and feeling quite warm, they're very isolated risk of a shower perhaps. this evening, showers spreading south—east. fragmenting. a largely dry picture overnight. temperatures similar to last night. for rural areas, low single figures in the north, maybe seven, eight in the south. tomorrow, largely dry once again, a fair bit of cloud, decent sunny spells as well. later, further outbreaks of rain in northern ireland and the north west of scotland. temperatures similar. looking ahead to the weekend, rather cloudy and quite muggy. showers in the northwest. warmer in the south. that is your forecast. hello it's thursday, it's nine o'clock, i'm victoria derbyshire, welcome to the programme. charlie gard's parents return

to the high court in london this morning in a hearing that will decide if their terminally—ill son will be allowed access to experimental treatment in the us. they've got letters from up to seven doctors and scientists and it demonstrates that there's up to a 10% chance of this ground—breaking treatment working. medics at great ormond street hospital say the therapy won't work, and his life support systems should be turned off. we'll have the latest. why can't schools recruit more teachers from ethnic minority backgrounds? we'll ask some what the barriers are and what more can be done to attract new trainees. and at wimbledon, johanna konta faces venus