meeting with kimjong—un — because of what he says is open hostility from north korea. mr trump said it was a tremendous setback to the world. north korea responded that pyongyang is open to resolving issues with the united states "whenever and however". earlier north korea said it had destroyed its remaining nuclear test facilities at the punggye ri site. the demolition was witnessed by several foreign journalists, although no nuclear experts were allowed to attend. and the hollywood film producer harvey weinstein is reported to be preparing to surrender himself to police in new york. it follows an investigation into alleged sexual abuse. mr weinstein has denied any wrongdoing. that's all from me for now. stay with bbc news. and the top story here in the uk... two men have been given life sentences, for the murders of four children, in an arson attack in greater manchester last december. zac bolland and david worrall targeted their home with petrol bombs.

now on bbc news all the latest business news live from singapore. stock prices retreat worldwide after president donald trump cancels a summit with north korea and considers possible tariffs on all their imports. the most sweeping data privacy laws in decades takes effect in europe today. we will be finding out what this means for companies around the world. good morning asia, hello world. it is friday and glad you could join us for asia business report. the markets have plenty to react to have

the president trump cancelled this meeting with north korean leader kim jong—un. wall street was very volatile overnight. higher at one point but finishing in negative territory, the dow down by 75. but news the us plans to investigate auto imports on the grounds of national security, costing the biggest move. japan was in negative territory on thursday and it currently continues to be in the red, down by another 2a points in early trade shares of nissan, mazda and toyota are all falling on the news of the investigation. in europe, daimler, bmw and volkswagen dropping around 2%. business reporterjoe miller says the idea is baffling many in the car industry

and washington, dc. what makes this so and washington, dc. what makes this so strange, unlike donald trump's position on tariffs of steel and aluminium, which came after the industries had been calling it for yea rs, industries had been calling it for years, nobody has been calling for a tariff on imported cars. not even american car—makers, no one has asked for protection for the us car industry. it is only the trump administration who thinks there is a need to restrict the flow of german, japanese, canadian and mexican cars into america. this is an attempt to use the same national security legislation that led to the steel and aluminium tariffs this what a tariff on imported cars. as for the cows a re tariff on imported cars. as for the cows are putting tariffs on steel and aluminium for national security measures is an easy case to make, but the concern that cars regular people drive on regular roads is much harder to make. joe mellor in

the big apple. china and the us prepared for the next round of trade negotiations, both sides have been making compromises to turn down the temperature of the talks. robin brant looks at the concessions both sides have made recently. it has been a big week in this confrontation so let's look at three things that have happened in the past few days. firstly, this trade war is. we have thejoint past few days. firstly, this trade war is. we have the joint statement from the white house and the chinese at the weekend. they don't seem to agree on much, but it is back to smiling faces like this, because they say the prospect of imposing tariffs, about $150 billion of trade going either way across the pacific, for now that is on hold. good news if you are a boeing shareholder, good news if you were at those small factories i saw last week in the south of china, sending millions of components to the americans every year. but the trade war, and this is

the big weapon donald trump was holding, they are easy to win, he said but now he has been forced to put the weapon down for a period. z te, this is the huge china telecom company the americans are punishing, a seven—year ban on selling any american microchip processors to this company because it traded with north korea and lied about it. that decision kill back company and what is clear is that zte is now a major bargaining chip at the heart of these talks between the united states and china. it is hard to see that decision in any other way, apart from being a major concessions from the americans. the chinese have decided to lower the tariffs they charge of foreign cars driving around this city and other cities. it is going down from 25% to 15%. that is something the chinese president promised a few weeks ago and something donald trump has

called for. it looks like a concession from the chinese, but the context of this is, they have had three decades to build up their domestic car industry so maybe they feel comfortable with ending some of the protections it has been granted for decades. so the trade war is off, zte lives to fight another day and foreign cars driving around china, they may be cheaper in the future. they are the important things this week, next week, who knows? when you asked people what they fear the most, a trade war is one of the main concerns. accountant said the recent news about north korea and possible tariffs on imports seem to follow a pattern for president trump. he is very concerned to live up trump. he is very concerned to live up to his election promises. he played to the automated industry in the usa during the election and this isa the usa during the election and this is a part of that. this is an

enquiry so the actual tariffs haven't been decided and there is still room for debates. there are as many disadvantages as advantages for the usa going down this route, so there is a sense some sense prevails. if you cut through the rhetoric and boys, the reality is, business as usual? the reality is, business as usual? the reality is, business is getting on with business, yes. there will be a reduction in the flows of investment, talent and any economy will generally slow down. barry is potter will be detrimental to the usa as well as to trading partners. ajury in the us has ordered samsung to pay apple half a billion us dollars for copying iphone. apple

filed a lawsuit after claiming samsung copied its pilots. deutsche bank is eliminating more than 7000 jobs globally as a way to cut costs and focus on your after three consecutive years of losses. germany's biggest bank says one in four equity sales and trading jobs will be cut. deutsche bank has dismissed 600 and this —— 600 investment bankers over the past seven weeks. it is the biggest shake—up to data protection in two decades. gdpr is a new european law that comes into effect today. it has implications for any company doing business with anyone living europe. the emile cilliers affects the big internet players in the us, but also smaller organisations and aims to

protect personal data. at its heart, it requires everyone to design data protection into their offer excellent privacy settings set too high by default. heard this before? all calls are recorded for training and security purposes. that may not be adequate under the gdpr which state you must actively give your consent rather than it be assumed and you can withdraw their consent at any time. so in this case, the company needs to wipe that call recording if you ask them to. eu citizens get the right to access their personal data and find out who their personal data and find out who the company has shared it with. and how they got it in the first place. if it was acquired in a dodgy way, you can ask the company to delete it as well as any data which affect yourfundamental as well as any data which affect your fundamental rights. the data must be deleted anyway if it is no longer being used, so companies

cannot just poured information longer being used, so companies cannotjust poured information on others, for the sake of it. if it goes wrong and the company fails to keep our data safe, they must report the breach and tell us within 72 hours. no more keeping it hushed up. ifan hours. no more keeping it hushed up. if an organisation doesn't follow the rules, it can be fined up to 20 million euros, or as much as 4% of its annual worldwide turnover. for facebook, that would be a whopping 100 times that 20 million euros figure. there are two writes the gdpr introduces. computer says no. from now on you will have the right to an explanation if an algorithm is left to make a decision about you. and you should be able to take the personal data stored about you to another company should you wish to change service or social network. but how workable bees last two

points will be in practice, it remains to be seen. that is how the new gdpr works in europe. let's have a quick look at the markets. asia is quite volatile in early friday trading. this is after donald trump cancel the june summit with north korean leader kim jong—un cancel the june summit with north korean leader kimjong—un in singapore. then a cake, up by 25 points. thank you very much for spending your time with us. the top stories this hour. donald trump has cancelled his summit with kimjong—un — blaming tremendous anger and open hostility from north korea. the hollywood film producer harvey weinstein is reported to be preparing to surrender to police in in new york, who've been investigating alleged sexual assaults. an army sergeant has been found guilty, of trying to murder his wife by tampering with her parachute. victoria cilliers survived

the 4,000 foot fall, at an airfield three years ago. the court heard that emile cilliers, stood to receive an insurance pay out on the death of his wife. today police called him cold and calculating. duncan kennedy reports from winchester crown court. emile and victoria cilliers, a couple where he wanted her to die. an experienced skydiver, this was victoria during one of herflights. a flight exactly like this one over the same airfield in wiltshire where she had her accident. but both her main and reserve chutes failed. she fell 4,000 feet... and only lived because she hit this newly—ploughed field. wiltshire police were called in and discovered that emile cilliers was the last to handle victoria's parachute

the day before her accident. it was in this toilet that emile cilliers brought victoria cilliers' parachute to tamper with. he moved strings on the main chute and cut pieces off the reserve chute, all to sabotage it. what he hoped for was that, when she leapt out of the aircraft, she would jump to her death. this police demonstration in the same toilet showed the jury there was space to sabotage the parachute. what was happening at the locker when you got there? after his arrest, cilliers refused to speak about the chute. i'm not going to answer that question. but it became clear he wanted victoria dead to claim an insurance policy. his act of sabotage stunned the parachuting world. nobody would want to believe that somebody could do that to somebody else. because we're all kind of bonded by the sport together. incredibly, there was more. a week before the parachute incident, cilliers undid this gas valve in a separate attempt to kill

victoria. his children were upstairs at the time. emile cilliers will be sentenced next month, seven years after his marriage to victoria, the woman he tried to kill in their own home and doing the sport she once loved. duncan kennedy, bbc news. a couple have been found guilty of murdering their french au pairand burning her body in their garden in south—west london. the court heard that weesem medouni and sabrina kweedare, beat and starved sophie lionnet who was 21, as part of a paranoid obsession. time now for all the sports news in sport today. hello, i'm sarah mulkerrins and this is sport today, live from the bbc sport centre. coming up on this programme: records tumble — a fifth european title means lyon become the most successful club in women's champions league history. england are all out for 184

as pakistan dominate on day one of the first test at lord's. and we'll tell you who serena williams will face on her return to grand slam tennis. hello and welcome along to the programme. let's start then with the dominance of this 0lympique lyonnais side. they're celebrating yet again, this time for a record fifth women's champions league title. but they had to work for it. it was goalless after 90 minutes against wolfsburg in the final in kiev, before lyon went on to win 4—1 after extra time. they also become the first team to have won three in a row. 0ur reporterjo currie watched the action in the ukranian capital.