fit? it ‘ur "55515 55 pressure starting to make inroads towards western parts. we will see how far east it gets. by sunday... this is business live from bbc news with sally bundock and maryam moshiri. talking tough on trade — china warns the us in no uncertain terms that the country will retaliate against any further sanctions. that the country will retaliate live from london, that's our top story on thursday, 12th april. thought things were cooling down? think again. the chinese government has admitted that the trade spat with the us is so serious that the two sides aren't even talking. also in the programme, a big blow for big oil. new zealand bans all future offshore oil and gas drilling. and financial markets have got the jitters with a us—led strike on syria

a possibility and news from the fed of more than expected rate rises. and we'll be getting the inside track on one man who's turned helping people with an addiction into a business. also in the news, the need for passwords could be eliminated by the likes of biometrics. are you jumping for joy? let us know, just use #bbcbizlive. hello and welcome to business live. do send us your password confessions. i was quite surprised by some of my team's. trade tensions between the world's two biggest economies are yet again on the rise. in the last few hours, china's powerful commerce ministry has said the country will not hesitate to fight back if the united states takes any further action. the strong words come just hours after imf chief christine lagarde

said the rules that underpin global trade are now in danger of being torn apart. so, how did we get to here? on 8th march, donald trump signed orders imposing 25% tariffs on steel and 10% on aluminium. canada, mexico and the eu were exempt. in retaliation, on 9th april, china announced tariffs worth $3 billion on pork, wine and fruit. from here, things escalated quickly. the next day, the us announced $50 billion on around 1,300 chinese goods, from aerospace to medical equipment. then beijing announced taxes on 106 american products worth around the same amount — on some cars, planes and soy beans. the following day, president trump said his administration would look into a further $100 billion on more chinese goods. america has 60 days before the measures are enacted.

cailin birch, global analyst at economist intelligence unit. it is like watching a tennis match, china says this, america retaliates. what needs to happen next to de—escalate things? what needs to happen next to de-escalate things? it is a tennis match, as he said, and it has been quite proportionate, but the mention of the 100 billion figure which was not set to particular products, the number was announced, that is an escalation. for the moment, number was announced, that is an escalation. forthe moment, china has not announced any measures against that. thankfully, things have calmed slightly, but it is clear china will not back down and in this sort of situation, you have to have talks to get out of this, enormous economic and global pressures on both sides that could lead to some sort of conversation

around these measures, but we have not seen anything thus far. long—term concern, neither side have plans to talk? exactly. we are facing a couple of months of volatility as the us is looking to see a little bit more stability heading into the mid—term elections in november, impact of the soy bean ta riffs in november, impact of the soy bean tariffs on the us agricultural sector will have a very damaging impactand sector will have a very damaging impact and local political pressure. china is facing economic difficulty. we have a senate hearing last night on market access challenges in china and one interesting thing to come out of it, i was reading a lot of private companies were talking to senators about worries about advanced technology trade, a big bugbear of america, in terms of china, and the big issue now for them as the deficit between what they do in terms of trade with advanced technology and what china does to close that gap. absolutely. it seems like a last minute volley

of tariffs, but actually, the initial 50 million announced stemming from a sectioned 301 investigation, that has been going on since august of last year, specifically looking at advanced technology and loss or in some cases presumed theft of intellectual property and this will be a critical element for the us going into any sort of negotiations, formal, informal, protecting us companies in the long term against the loss of intellectual property. interesting to see how this pans out. good to talk to you. thank you. let's take a look at some of the other stories making the news... takata, the beleaguered air—bag and seat—belt maker, has been sold to key safety systems in a $1.6 billion deal. it will be renamed joyson safety systems. takata's faulty airbag inflators triggered the auto industry's biggest recall. the bankrupt us toy seller toysrus says it has received bids of over $1 billion for its asian business. the company, once the largest us toy retailer, is in the process of

selling off some non—us operations. toy sales in asia pacific are exepcted to grow 6.3% annually over the next three years, faster than in the us, according to euromonitor. it's been two long days for mark zuckerberg. facebook‘s boss has been answering questions about a data privacy scandal for a second day in washington. he revealed he was among the 87 million users whose data was obtained by the british firm, cambridge analytica. mr zuckerberg apologised again for the mistakes he and his company made. new zealand's centre—left government has decided to ban all future offshore oil and gas exploration as it aims to become a global leader in the fight against climate change. but the country's opposition party claim the move could put thousands ofjobs a risk. first, leisha sa ntorelli is in singapore. nice to see you. a bold move but the

opposition is quick to come in with their comments. new zealand's prime ministerjacinda ardern is walking the talk because she had promised on the talk because she had promised on the campaign trail to take steps to combat climate change by reducing reliance on fossil fuels and now we have the ban. environmental groups are saying it is a big blow to big oil about new zealand's opposition group has said it is economic vandalism, saying it will put thousands of jobs vandalism, saying it will put thousands ofjobs at risk. the oil and gas industry in new zealand accou nts and gas industry in new zealand accounts for nearly $2 billion. industry players were blindsided, they claim they were not given a heads up, and they think it will push investment and production overseas. it is worth stating there will be no immediate impact because currently permits will expire around

2030. interesting story developing. let us have a look at markets in asia. downbeat day. investors very much on the sidelines, watching closely what is going on today in the us, in london and paris, discussions about action against syria in response to the alleged chemical attack on the weekend. what impact will it have on the middle east as things escalate, traders are wondering? and also the third team, the new boss, thinking the us economy is stronger than they thought —— the fed. the big loser for the ftse100 is a carpet retailer, carpetright, shares plummeting 24% today, it has announced 92 stores closing, 300 jobs at risk. retail is a big theme for london. and kim gittleson has the details about what's ahead on wall street today. 0n on thursday, investors will be up in

the airas on thursday, investors will be up in the air as they wait for us airline delta to release earnings, the largest airline by market share and many think it could report soaring revenue with higher demand that air travel as the us connolly continues to grow. many us airlines have made headlines here recently for their mistreatment of passengers and pets, delta airlines has avoided the negative press. they edged out their main competitors in the eyes of many consumers recently. the second best american carrier in the 2018 quality index, just behind alaskan air. the question will be, can the airline the goodwill into sky—high profits? shaun port is chief investment officer at online wealth manager, nutmeg. good to have you on the programme. let us talk about the markets, eve ryo ne let us talk about the markets, everyone is jittery about geopolitical tension, everyone is jittery about geopoliticaltension, in everyone is jittery about geopolitical tension, in particular the rhetoric between the us and

russia and the overall situation with syria, how much of an impact do you think those worries have an investment decisions? so far the market response has been muted, a small rise in oil price, the dollar has not rallied which is quite unusual when we get tensions, so far market reaction has been very small. investors are thinking and watching closely at the next few days... do you think they are immune to it? no, i think it depends on russia's response. is there going to be response. is there going to be response from russia against the us? that is the most significant thing. investors heading towards the end of the week and the weekend, if there is action in the next 211 hours or over the weekend, they do not want their money in anything high risk. the fed, what did you make of the minutes? talking about trade, encouraging, factoring in trade talking talking tougher, inflation starting to rise, more rate rises.

the key is what happens in 2019, four rate rises including the one last month are booked in, what happens in 2019, another three, four? do we go above 3%? they are setting up a path for the next 18 months, pretty much in line with what investors were expecting. you will be back to have a look at stories in the paper shortly. including mr zuckerberg. we will be talking about him. still to come... yes we can — we speak to the man who's in the business of helping others with addiction. you're with business live from bbc news. it's been a busy morning for uk high—street retailers, with carpetright announcing it plans to close 92 stores and cut 300 jobs to reduce costs. elsewhere, mothercare has blamed a lack of shoppers for a 2.7% fall in uk sales

during the previous quarter. for more on this, we're now joined by laith khalaf from hargreaves la nsdown. what do you make of mothercare's results ? what do you make of mothercare's results? some good news? we knew mothercare was on the ropes, currently in talks with creditors to secure currently in talks with creditors to secure its financial future, currently in talks with creditors to secure its financialfuture, so in that context, today's results, they are actually probably more positive than the trading update we saw last time around. we are still seeing a decline in like—for—like sales and we know why that is happening, the high street stores are not generating the footfall they once did. we have seen a pick—up in the online sales at mothercare will stop international sales accounting for 60% of their revenue also still fairly negative. —— at mothercare. the trend is not shifting downward. we are looking forward for the next

month, the full year results out in the middle of may and it has said it is looking to announce what deal that has made with creditors by then. in the meantime, carpetright, shares plunging to date in london, down over 20%, give us your take on what it has said, looking like it is taking drastic action? is it enough? it is drastic, half of their stores stayed in the uk is not performing, they have said. they are looking to close a quarter of the stores and raise more money from shareholders. drastic action. it will mean that carpetright will continue for the foreseeable future. the pain is being shared by different parties. staff of course who will lose their jobs but also some of the landlords who have had to revise these terms with carpetright and shareholders, shares have fallen 20% today on the back of an 80% fall over the last year. always good to talk to you. we

mentioned carpetright shares, tesco shares up 2%, earnings out yesterday, m&s, next, up, but carpetright and motherca re yesterday, m&s, next, up, but carpetright and mothercare bucking the trend. go to the website for more details, including a fall further doublets. a slight dip for the retailer. —— a fall for wh smith. our top story, china says it will not hesitate to fight back if the united states escalates its trade spat with beijing. a quick look at how markets are faring. a bit ofa a bit of a mixed picture for europe. it is. very, very flat. hardly moving. we will keep an eye as the day progresses. chinese ride hailing app didi chuxing tells the bbc it'll be on the streets of mexico very soon. and while didi is best known for driving uber out of china,

it'll now get another chance to go head to head with its us rival. this time, in america's own backyard. in his first television interview with foreign media, didi founder cheng wei told karishma vaswani how he plans to take the company global. a charm offensive to take on the world. didi chuxing is getting ready to take its brand overseas but it is doing this the chinese way. translation: for the past 20 years it was china who learned more from the us. but in the next ten years we will ride on each other‘s successes. there is no point thinking who will surpass whom. this is the face of new china. a new breed of chinese entrepreneur, young, confident with deep financial pockets to try something new. translation: i am not 35 years old. my entire management team has a lot of people in their 30s. we are idealistic and can

be rational sometimes. we also bring a lot of surprises. didi chuxing has a vision for what the future will look like — no parking problems, no bottlenecks, no traffic jams, no congestion. and it will do this with one thing. data. there is a lot of sensitivity amongst officials in the us government that chinese companies may hand over sensitive information back to the chinese government. how do you view that attitude? translation: when american companies first entered china there were also these concerns. whether you are chinese or american, data is that but professional help .

jan, ifi jan, if i send my child to your clinic how would it work? you are based in the netherlands. we treat

young adults every year, 600 of them from the ever the netherlands and it's all paid for by insurance companies by the government. all international clients are paying at this moment privately. what do you get in return for that if we look at it purely from a business point of view? we are financially healthy company but the main goal is to provide the best care possible. we wa nt to provide the best care possible. we want to make the treatment even better. how did you get into this business. i was an addict myself from 12 to 27, almost 15 years, at 181 from 12 to 27, almost 15 years, at 18 i wanted to changed and i spent nine searching for the right treatment is an the netherlands. i must have seen between 30 or 110 psychologists and nothing worked. i needed to have the right programme

for me. finally when i was 2071 did change and i got my life back again. i went into working with teenagers andi i went into working with teenagers and i found out i went into working with teenagers and ifound out that i went into working with teenagers and i found out that thousands of them are stuck with mental health issues addiction. when i heard their stories, there were similar to my stories, there were similar to my stories and i thought, i have to do something and that is why in 2010 i opened the yes we can youth clinics. you told us beforehand, in the green room, there are reasons why it is getting worse, gaming and social media are the reasons. those two are u nfortu nately, media are the reasons. those two are unfortunately, gaming is fun and social media can be fun, but there are also new solutions for teenagers with social depression and anxiety to get isolated and get away from normal society. and as well with the gaming continuously thing was happening that you keep on gaming,

and suddenly before you know it you are spending 12 to 15 hours gaming every day and parents have no idea what to do any more. what kind of daily routine do people have in your clinics? really structured. 645 when you wake up until 1030 in the evening and there are only about 20 minutes free time and the rest is full with group therapy, one—to—one sessions, and a minimum of three hours and there's no internet and funds about. sport is extremely important —— no internet and no phones. more and more teenage girls are not doing sport any more. sport isa are not doing sport any more. sport is a way of letting things out. the best thing to do is get a really active with sport every day but also share all the bad things that are happening. the majority of young

people you tree. from the netherlands, do you see a similar type of personality coming to you? we have 20 beds for international patients and we see the same problems when they come from europe, those from singapore and america, they use different drugs but the problems behind all the drugs, it's a shame that it's the same. it's pain. complete disconnection from the parents. not being able to cope with normal society. not knowing how to make contact any more. and the problem is getting worse and worse. is it just european problem is getting worse and worse. is itjust european or a global thing? a global thing. is itjust european or a global thing? a globalthing. will you is itjust european or a global thing? a global thing. will you open clinics globally? once the clinic in the netherlands is stable and

complete. then we will look further. when’ette are . complete. then we will look further. when’e’te are . don't normal relationship, does have normal relationship, does social media make it worse because they feel connected? they feel connected and in a way they are but they are disconnected from the world and that makes it difficult from their mid—20s when they stop working and they have no idea what to do any more. jan, founder of the yes we can youth clinics, it is great to share your story, thank you. we will tell your story, thank you. we will tell you how to get in touch, will be backin you how to get in touch, will be back ina you how to get in touch, will be back in a moment. stay up—to—date with all the day's business news as it happens on the bbc website. analysis from our team of editors around the globe and we want to hear from you as well, get involved on our web page at the bbc website. on

twitter we are at bbc business and find us on facebook as well. on tv and online, what you need to know, when you need to know. shaun is back to look through the papers. we will look at the news about mr zuckerberg but first, passwords. the guardian says, are ip passwords, why and how? new technology is moving passwords away from the ones you a lwa ys passwords away from the ones you always forget to using biometrics like your face and your thumbprint. if you go to china everyone's face is stored on a central database so you can use voice is stored on a central database so you can use voice recognition. we've been asking people to tell us what they think. martin has said, if people worked on their memories they

would struggle less. probably true. one viewers says, you are correct, biometric is the safe way forward, steve says passwords are here to stay for some time, i don't think we'll get away from them for some time. i think something here is use something like a password manager which is safe and secure as long as you've got a good password for your master key on your phone or on your desktop. what did you make of mr zuckerberg and his testimony? ten hours of testimony. although it felt like ten hours! he got an easy ride with the senate but yesterday with the house much tougher questioning. a difficult time for zuckerberg. i

think he did a good job overall. some interesting points. he doesn't actually know what facebook does when you leave the site. does it track you when you move around the web. that's interesting. or worrying? concerning that he doesn't know the answer, that's what i take away from it. the second thing is that facebook has promised to sign a new regulations from europe and rollers and globally. i think it is a good start. probably not as globally. thank you forjoining us shaun. that's it from business live today. there will be more business news throughout the day on the bbc live web page and on world business report. we'll see you again tomorrow. bye bye. hello, with the promise of something

warm next week, bear with me while i talk again about more cloud, misty murky conditions, pretty cool for many areas of the moment, today dry but it should stay cloudy, see that cloud through this morning, it's quite thick in places bringing drizzle and with those easterly winds around the north sea coast where we have misty and foggy conditions, some fog of a higher ground, in central and eastern parts, some drizzle was morning moving further west so you could see showers over parts of wales, showers moving into the north—east of england, the north west of scotland faring best with more sunshine and temperatures as high as 15 celsius but it will stay quite drab towards

north eastern scotland and north eastern england with showers. towards england and wales a lot of showers, so showers across west wales but sunshine in south—west england, perhaps some ten in central and southern areas, where we have sunshine temperatures could reach 14 celsius. this evening heavy showers into the east of england, some drifting north, some showers drifting north, some showers drifting further west and overnight temperatures down to about seven or 8 degrees. on friday we start off with showers, they will gradually cleared towards the north and the west, with evening it should dry off towards the far north of scotland but again bright spells and a cloudy day on friday, misty conditions, temperatures again struggling, 15 degrees in the south—east. into the weekend we lose that easterly wind

bringing drier conditions and switch toa bringing drier conditions and switch to a southerly wind, this area of low pressure will spread towards western parts so there should be rain over the weekend in the north and the west and in particular those temperatures are rising, mid—to high teens towards sunday. into next week it gets even warmer, those winds will drag up warmer it gets even warmer, those winds willdrag up warmerair it gets even warmer, those winds will drag up warmer air from it gets even warmer, those winds will drag up warmer airfrom iberia, temperatures heading up to 21, 223, perhaps 24 celsius, something to look forward to into next week. that's it from me. bye bye. victoria derbyshire next and at 11 o'clock bbc newsroom live will bring you all the top stories. hello, it's thursday, it's 9am. i'm victoria derbyshire, welcome to the programme. the prime minister's summoned her top team for a special meeting today. it's understood she could give the go ahead for uk military action against president assad

of syria, without giving mps their say in parliament. it comes after that suspected chemical attack in the city of douma. all the indications are that the syrian regime was responsible, and we'll be working with our closest allies to consider how we can ensure that those responsible are held to account. do you think mps should be given the chance to have their say on such an important issue? let us know this morning. and a family of five from bristol spent three years living in premier inns because their council refused them