this is business briefing. i'm sally bundock. deal or no deal: will britain's borders work for business after brexit? the bosses of europe's biggest ports are in london to present their concerns howard schultz, the boss of starbuck‘s, who oversaw the growth of the coffee chain into a global brand, is quitting the company after nearly four decades. and these are the markets. a mixed day in europe after a mini—rally on monday. investors are looking to the g7 meeting and what the week will bring when it comes to trade. how will britain's borders work when it leaves the european union? that's the question bosses of the ports of calais, zeebrugge and eurotunnel will discuss when they give evidence

to british mp's later today. the biggest concern is a no—deal brexit, where britain leaves the single market and customs union with no free trade agreement in place and reverts to world trade organisation rules. a hard exit would end the universal tariff—free trade of goods and services between the uk and eu, meaning customs checks and paperwork for the millions of trucks that pour off ferries and channel tunnel shuttles every year. it's estimated this could cost uk and eu firms around $77.6 billion a year. for uk firms, additional "red—tape costs" of tariff and non—tariff barriers would amount to 36 billion dollars. for eu—based firms, it would be $41.5 billion. brexit is a big dealfor ports. dover handles up to i7% of britain's entire trade, thought to be worth around 150 billion dollars last year. but planning delays means new infrastructure. a crucial lorry park to absorb disruption at uk channel

ports is currently not scheduled to be ready before march 2019. a house of lords report last month also warned that a lack of staff and it systems could cause severe delays at british ports in the event of a no—deal brexit. clare marshall went to meet some truckers in the uk to see what they made of it. at the moment, a two—minute delay at customs leads to a 17 mile tail back. it seems a few more cheques will be needed. does that worry truckers here? we need commonsense in the haulage industry. it makes no

difference. the rules will still be here. not much change to look forward to. with me is chris southworth. you are listening to that. what is your take on the challenge a hard brexit would offer in terms of getting goods across the borders? the main issue is delays. 1.5 million trucks go over the channel tunnel alone. two minutes of delays, half an hour of delays, it makes a huge difference. initially we have to expect some delay. whenever any new system to expect some delay. whenever any new syste m co m es to expect some delay. whenever any new system comes in place it is not com pletely new system comes in place it is not completely smooth. we need more

transparency around the conversation of heart borders. it will be a hard border. —— hard. it depends how sea mless border. —— hard. it depends how seamless that is. key players will be ruled by mps today, like eurotunnel. it will be interesting to see what they have to say. they must be preparing for every scenario. the scale is the huge issue. you have things coming to the uk and the eu and it is incredibly complicated across all ports. 25% of trade goes through the tunnel in terms of goods, and it is a lot. in terms of goods, and it is a lot. in terms of goods, and it is a lot. in terms of technology, surely we could easily put in place, perhaps not easily, but a system that means goods can pass through fairly seamlessly. it does not have to be paper. yes, it is quite paper heavy

right now, the industry. this is a good opportunity to digitise trade. some technology is out there but a comprehensive solution does not exist today. that is the longer term solution, digitise the whole border. but what is the solution in the short—term? but what is the solution in the short-term? in what way are your members getting ready and organise for brexit? people are preparing for the worst—case scenario. many companies have not a3. in our constituency, the international community, they are still confused and are not planning in the right way. —— have not thought it through. there are many global priority is going on. the key for the community is getting the information out overseas for investors coming into the uk. theresa may was meeting yesterday in downing street with a whole group of business leaders, david davis was with her as well.

they are the key players. some frustrations were urged to her yesterday in downing street with regards to the lack of transfer indeed. a deal has not been signed and sealed so they cannot be transparent. i think we need a lot more openness in the dialogue. we are two years on from the referendum. june 2018. four months away from when we were supposed to have the final deal. businesses have been patient by the need certainty and everyone is holding back and trying to plan. it is not clear what the solutions are. thank you for coming in. we will discuss this in more detail later on during the newsbriefing. the meeting in downing street yesterday is all over the media and we will look at that. now let's brief you some other business stories. senior uk government ministers will gather in downing street this morning to approve what amounts to outline planning permission for a third

runway at heathrow airport. the economic sub—committee, chaired by theresa may, is expected to sign off the expansion plan, and then send it for approval by the full cabinet. the japanese electronic firm, sharp, is to acquire toshiba's personal computer business for $36 million. sharp was once known as a major supplier of high—end tvs and smartphone displays but struggled to compete with asian rivals. the firm has made a recovery after being bought by taiwan's foxconn in 2016. the british government has announced plans to sell a 7.7% stake in royal bank of scotland. the latest sale of shares is expected to raise $3.abn, and will reduce its holding in rbs to 62.a%. the bank has been majority owned by the government since it was bailed out for $60bn at the height of the financial crisis in november 2008. the man who built starbucks into the world's biggest coffee

chain, howard schulz, is stepping down after nearly four decades at the company. let's go to our asia business hub where rico hizon has been following the story. this is a big loss for starbucks. what is mr schulz going to do next? starbucks is everywhere and is prevalent in asia. howard schultz is a loss for the company. he is exploring a number of options, writing a book, spending some of the family this summer. the most interesting option is running for public office. we could see howard schultz 2020. speculation has been swirling for some time now that he has presidential ambitions, frequently mentioned as a possible candidate for the democratic party. in an interview with the new york times he said he was concerned about the growing division in america and its standing in the world. if he

i’u ns its standing in the world. if he runs it is an impressive resume, with 28,000 starbucks, and with the shares going up thousands of%. in asia, chinese demand for coffee is surging. the number of shops has doubled to 600a years, expanding in asia and in the world. absolutely. -- 6000 in asia and in the world. absolutely. —— 6000 in four years. asia and in the world. absolutely. —— 6000 infouryears. iwant to mention, there is a lot happening this week, and we will talk about it in the news, this. this week sees apple's annual developers' conference in sanjose, and while the company didn't use the occasion to launch any new hardware, it did make what it saw as an important announcement about online privacy, one which could put it at loggerheads with some of its rivals.

0ur north america technology reporter, dave lee, explains. he is on twitter. from memory i believe it is @davelee. that is his handle. we will discuss this in the briefing soon. financial markets to bring you to a close on business briefing. that is how it ended on the dow on wall street last night. a bumper friday continuing to monday. really strong gains for most markets in asia. a mixed day today. hong kong is up slightly. and japan's peak south korea and others are lower. a global trade war possibility is coming to the fore for financial markets again. we have lost the boards. the price of oil is down slightly. we lost commodities. i will talk to you later. the review of social media in a

moment. first, this. the transport secretary chris grayling has ordered an independent inquiry into the chaotic introduction of new rail timetables, which has disrupted parts of the network. he blamed network rail and the rail companies involved, but labour said he bore ultimate responsibility and should resign. 0ur political editor, laura kuenssberg, reports. a new timetable sent services around the country a why. i'm saying it's our fault. i'm recognising network rail‘s position in that, which is that we are to blame and actually we have to fix it for everybody. but that is not how more and more mps see it. the transport secretary

promised an enquiry and some form of compensation today. mr speaker, i would like to be able to tell the house that there is an easy solution or that the department could simply step in and make the problems passengers are facing go away. if there was a way to do so, i would do that without hesitation or a moment. but ultimately this solution can only be delivered by the rail industry. these problems can only be fixed by network rail and the train operators methodically working through the timetable. there is one person who is ultimately responsible. that is the right honourable gentleman, the memberfor epsom and ewell, the secretary of state for transport. some of those angry mps were able to see the transport secretary individually tonight after, you've guessed it, some delays and cancellations to those meetings. this is notjust political frustration now but real life stress and strain. number 10 says the situation is unacceptable. ministers, vowing to sort out the

mess. but what meaning has a political promise which has no guarantee of getting from a to b? laura kuenssberg, bbc news. this is the briefing from bbc news. the latest headlines: paul manafort, the former campaign manager for donald trump, has been accused of attempting to tamper with potential witnesses. at least 65 people have died and up to two million have been affected by the eruption of guatemala's most active volcano. united nations campaigners will highlight the over use of plastics on world environment day in an effort to rethink the way we manage oui’ waste. deal or no deal. will britain's borders work for business after brexit? the bosses of europe's biggest ports are in london to present their concerns. let us take deep into some of the

stories in the media. we begin with the telegraph, who asks why the residents of grenfell tower weren't asked to evacuate the building when there was still an opportunity to escape the flames? such questions are being probed by the current public inquiry, which has also learned a series of errors and breaches of safety measures led to the disaster. the atlantic explains the latest scandal over the sharing of personal information by facebook. the social media giant is now coming under fire for allegedly sharing people's data with computer and phone device makers from apple and amazon to samsung. the ft reports uk prime minister theresa may has abandoned plans to present european leaders a detailed blueprint of a future uk—eu relationship ahead of a brussels summit this month. the decision taken as some business leaders complain they are losing faith in her handling of brexit. the arab news says the de facto ban

on women driving in saudi arabia will end on june 2ath. already the kingdom has issued its first licenses to ten female drivers and five saudi universities have set up driving schools for women. you can see one they are holding her new licence. an historic change in saudi arabia. and finally, help is on the way from apple to help kick your addiction to, wait for it, iphones. new do not disturb controls mean that at designated periods, such as bedtime, users will be able to set their phones to block all messages and notifications from appearing on the home screen.