this is business briefing. i'm maryam moshiri. our top story: the trade tensions between china and the us at eating up. we speak to an expert. —— are heating. facebook says data from 87 million users may have been improperly used by a political consultancy firm. and on the markets the hong kong and mainland chinese markets are closed today for a holiday us stocks recovered from big falls earlier in the trading session, as investors bet that back—and—forth tariff threats between the us and china will not lead to a bigger trade dispute. well, it took beijing just 11 hours to respond to the trump administration's latest

list of products it plans to to hit with a 25% tariff. china says it aims to impose additional tariffs on 106 us products, including soybeans, cars and orange juice. and us farmers are worried. this country as part of a trillion dollars endeavour setting trade. and that as responsible for millions of jon ‘s that are outsourced and about 396 jon ‘s that are outsourced and about 3% our economy. the question as you deal with this. adieu do at any fashion that begins to deal the trade deficit and doesn't all this negative spillover on agriculture, which use entirely predictable? we'll new that of the tariffs are going to be estimated, agriculture will be the first person who's going to be ahead, and will be behind us. with me is david collins, professor of international economic law

at city university london. this sounds like a mexican stand off. who will blink first? who will back down first? stu freeman on those terms following that metaphor, eye would probably say china well, because that looks like china as the party that as ms behaved. clever country that as massively subsidises manufacturing sector, and allegations of social property theft, which are broadly true. all these times of unfair measures that are gone on for a number of years and acted as a distortion and the world economy. so china realises this and they suspect that there will probably, as you put at, back down, because when a full scale trade war would be disastrous. donald trump as manager do what so many are not over the past years,

making china backed down? woodhouse the appearance of a political masterstro ke the appearance of a political masterstroke and eddie howe as taking direct action. the ‘s now threaten these tariffs which will damage the chinese economy, rather than doing what summary like eye would advocate, which would be to go through the world trade organization procedure. but a disinterested, because you as also done that. the us lodge a claim against china at the wto recently. china's responded through the beauty terms, referencing wto agreements. so this official correct procedure going on and tandem with this vigil antigen says, as at work. so disinvesting tizzy out that will play out. what makes me believe that summary could break that these of not being an pose, and that almost gives both sides time and room to manoeuvre, does that? absolutely. and this as a feature of us floor. there are so us

waiting period where lobbying takes place to challenge tariffs. that will go on for the next month. we look that this would cause donald trump to reconsider. and we see that year ‘s done that. e.g. this relation to still tariffs must month. the offered a number of exemptions for canada, the eu, and a straighter. so will probably see the ta riffs straighter. so will probably see the tariffs and their current form ending up somewhat softer, fa cup and at all. but they suspect that they would not be as strong as they seem they would not be as strong as they seem so they would not be as strong as they seem so far, sa health. the giver at rejoining snd. facebook says a total of 87 million people globally may have had their data accessed improperly by the british firm, cambridge analytica. that's much bigger than the 50 million previously estimated. the bbc has been told that about one million of those affected are based in the uk. our technology correspondent rory cellan—jones explains. this came from facebook and a blog

post were at detailed the tightening up post were at detailed the tightening up of the weeks villagers date, concluding and one poll were said malicious actors could use. and ever ready add their public profile scraped by these malicious actors. mark zuckerberg as been talking to reporters. the as admitted they didn't give rodman of view of their responsibility. that was the cutest day, who says collette and whose mistake. she was after she was considering stepping down, any said no and 80 was determined to loan from whose mistake. the uk international trade secretary, liam fox, is on a trade mission in thailand where there is — he says — ‘a huge untapped demand' for british goods and services. dr fox has been talking to our south east asia correspondent jonathan head. we discussed areas on e—commerce, on

data, on the digital economy, on cybersecurity, on a lot of areas where there are a number of skills and the uk that we can actually told thailand and a direction that we can get mutually beneficial. you are one of the champions of what this company now of our decision to live the european union. you and your collea g u es the european union. you and your colleagues give an upbeat assessment of what our prospects are. what you are people of britain who still feel that a year enter the process, this asa that a year enter the process, this as a living to the unknown? we were told that every voter to be the european union, not alas, but voter talese, the country were tipping to recession, and our ancestors would abandon us. what us up and? employment as at an all—time—, we are the christ foreign bus and eat or economy class year. britain's

economic fundamentals are strong and this time we stopped talking britain down, ended this defeating negativism, and started with confidence and our own economy and people. william cox talking to jon pen hadow. grab, the southeast asian ride—hailing company, is working with regulators in singapore, malaysia and the philippines to make sure it's takeover of uber‘s regional operations will go through. the chief at grab, anthony tan, at 36—years—old, has been catapulted into the ranks of an elite new generation of asian tech entrepreneurs. kicking off our series featuring the region's tech titans, our asia business correspondent karishma vaswani spent some time with the grab founder. meet the company that those driven global giant uber off the streets. regional ride paling firm grab whose urges the winner and southeast asia for now. you at your biggest

competitor on the streets of southeast asia. others that feel? a lot of my friends said you should so many organisations would as possible, and showed the world that south—east asian countries can emerge victorious. that as a big dealfor the emerge victorious. that as a big deal for the boss of grab, emerge victorious. that as a big dealfor the boss of grab, grab. she said she was a spy by who can father who started a taxi firm that agreeing to a multi— million—dollar business. as seen my, you no, you are somebody‘s ran son, or somebody‘s sun, but now, said, faq dua, why can't tie? even adheres pushed uber out of the way, there are other players waiting to catch up. go jet as are other players waiting to catch up. gojet as announced expansion and southeast asia soon. you can see

why motorbikes make up such a big pa rt why motorbikes make up such a big part of grab's business ending the need you. they are the fastest way to get around on this end same traffic. but condition for drivers as getting really and cans. these nudges transport. grab's real ambition column: any size of the payments market, which could be potentially worth $2 billion by 2035 and southeast asia. only one and four people of a bank account and southeast asia. something like one end ten are using a credit card any region. so this clearly a rural problem. the masses are not being served. they really coupled to be you. anthony tan as part of a new breed of asian entrepreneurs who are taking their place are mean to national stage with some of the world's fastest—growing economies and the region. mehedi hasan they

can compete against global giant and win. addressing times. that's it for business briefing this hour. but before we go, here are the markets. the us markets to their battering earlier running trade on wednesday. but they list of airheads above water, despite fears of a trade war between china and the united states. the chinese markets are closed for a whole day, but the mickey nieves down slightly. up next, newsbriefing. we'll take you through the stories making headlines in the global media today and take a look at the papers. a pensioner from south—east london has been arrested on suspicion of murder, after a suspected burglar was fatally stabbed at his house.

police are questioning the 78—year—old man about the incident, which happened shortly after midnight on wednesday. from lewisham, jessica parker reports. residents watch on as emergency crews attend to an injured man in the early hours of this morning. the 38—year—old, along with another man, is suspected of burgling a house nearby, but was stabbed after a struggle with a 78—year—old homeowner. the arrested pensioner has been named locally as richard osborne brooks. the neighbour who filmed the footage says she saw one suspect flee the scene in a van, leaving the other injured man behind. we ran over to him, and he wasjust staring at us going... and i knew he was going to go because his pupils. they were dilating. i thought he was going to go. and then the police turned up. a frightening experience? very. i will not forget that, because he was staring right into my eyes.

the man was taken to hospital in central london, but was pronounced dead atjust after half past three this morning. the pensioner is being held on suspicion of murder. it's a case that will remind some of that of tony martin, the norfolk farmer who was jailed for killing a burglar at his home in 1999. people in this area of south london say burglary is a long—standing concern, but this incident will stand out for its fatal consequences. jessica parker, bbc news. coming up at 6am on breakfast, naga munchetty and charlie stayt will have all the day's news, business and sport. they'll also have more on the potential dangers of fridges and freezers that have plastic backing. the consumer watchdog, which, says they may pose a fire risk because of the kind of flame—retardant products some of them use. that's breakfast, on this channel at 6am. this is the briefing from bbc news.

the latest headlines: brazil's supreme court orders ex—president lula to begin serving his 12 year prison sentence immediately. thousands of americans have rallied in memphis to commemorate the 50th anniversary of the death of the civil rights leader, martin luther king. speaking through a videolink, barack obama said dr king's glorious deeds had given americans the courage to come as far as they had. mark zuckerberg has insisted he is still the best person to lead facebook, despite the revelation that the personal data of as many as 87 million people may have been misused by british—based political consultants. australia's team co—ca ptain sally pearson has pulled out of the commonwealth games. the world champion sprint hurdler and reigning commonwealth champion has been carrying an achilles' tendon injury. now it is time to look at the stories that are making the headlines in media across the world. we begin with the financial times

still leading with what it calls the us china trade war, and how beijing's pledge to match washington's tariffs has sent stock markets reeling. bloomberg sweeps up some big facebook stories. it broke the news of the company scanning messages sent on its platform, but also covers mark zuckerberg's apology and planned appearance before the us congress as the company revealed 87 million users had data accessed by cambridge analytica. let's turn to france now and les echos reporting that the country's carmaker psa is investing more than 100 million euros in the uk despite brexit uncertainty, with a deal that will see vauxhall, citreon and peugeot vans made in britain. let's look at the lead in the arab news, and another saudi story of modernisation as the country prepares to open its first cinema. this picture shows crown prince

mohammed bin salman meeting disney's ceo bob iger. and here in the uk, the tabloid newspaper the sun with a tale of our times. do you know how to change a tyre? three quarters of millenials can't, and the paper reveals the top tasks young adults can't manage. to the bus a millennial. —— i wish i could count myself. david buik, commentator at core spreads, is back with me. it could be