this is business live from bbc news, with sally bundock and ben thompson. take—off for a third runway at heathrow. london's biggest airport is set to get the go—ahead today after years of controversy, protests and delays. live from london, that's our top story on tuesday 5th june. but it's divisive — supporters say it's the best way to expand this key international hub and boost the economy, while critics warn the plan is expensive, complex and bad for the environment. also in the programme... will britain's borders work for business after brexit? the bosses of europe's biggest ports are in london to present their concerns. financial markets in europe have

opened slightly lower, if not a little flat, as they look ahead to the g7 meeting. it's morning here in london so i wouldn't be without my tea. but rather than my builder's brew we'll talk something a little classier. the boss of fine tea firm twg is here to tell us why it's one of the fastest—growing posh tea brands in the world. and how much time do you spend staring at your smartphone? apple is launching an app to help us cut our addiction. but will it work? are you a smartphone addict like sally? let us know, just use the hashtag #bbcbizlive. hello and welcome to business live. while on her eye to have smartphone separation anxiety, but i am learning to live with it. —— while on air, i do have. we start in the the uk, where ministers are meeting in downing street this morning to to approve a new third

runway at europe's busiest airport, london's heathrow. it means lawmakers will vote on the expansion later this month. the owners of heathrow say a new runway would cost £14 billion, which is around $18.6 billion. it could be operational by 2030. meanwhile, the government—appointed davies commission, which recommended the new runway, says the project could provide a boost of up to $195 billion to the uk economy over the next 60 years. but critics claim a new runway will breach the uk's legal limits on air pollution, increase noise pollution with an extra 700 planes a day. 0ver over to you, ben. 0ur economics editor is kamal ahmed. sally was running through those issues, is this a done deal? this process has been going on a very

long time, how far through are we? certainly not a done deal. it will have to go through the uk parliament, lots of mps are opposed to the expansion of heathrow. i have covered this story for a decade, we have had endless false starts. a full—length runway has not been built in the south—east of england since the second world war, which is a remarkable statistic. the airport at frankfurt, charles de gaulle in paris, dubai, china builds more ipods than the uk builds runways. very important economic development is the argument from the supporters of heathrow, but it has a clash with the environment. —— china builds more airports than the uk builds i’u nways. more airports than the uk builds runways. it is a highly populated pa rt runways. it is a highly populated part of britain and there is an environmental impact. when the airport is near a city, with airport

expansion the environmental impact on the number of people around the airport clashes with the overall macro economic good for the whole country. the uk has struggled with this argument for 50 years. definitely not a done deal yet. all the arguments from heathrow are about the economic contribution, the number ofjobs about the economic contribution, the number of jobs created, but about the economic contribution, the number ofjobs created, but then we hear about the noise pollution concerns from the living nearby. you mentioned the other airports at london heathrow is competing with, we are already playing catch—up. they have stolen a lead in terms of capacity about is a big problem. they have stolen a lead in terms of capacity about is a big problemm you look at charles de gaulle, four we re i’u nways , you look at charles de gaulle, four were runways, ship all in the netherlands, four runways, the big middle eastern hubs like to buy are starting to grow as well. heathrow i’u ns starting to grow as well. heathrow runs until over 99% capacity quite regularly. for an island which needs global links, the supporters of heathrow say we need to get on with this, but as ever we get this clash.

with brexit happening as well, britain leaving the eu, i think the supporters of heathrow will try to make that part of the reason for showing that britain is still a global nation that wants to look outwards. he threw developers have said they are not able to fly to the emerging markets in the same number of flights they would like because of flights they would like because of this constraint on heathrow. —— heathrow developers have said. we will watch this really closely. kamal, thank you very much. let's take a look at some of the other stories making the news. the uk government has made a loss ofjust over $2 billion after selling another batch of shares in royal bank of scotland. this latest sale of shares raised $3.1; billion, and will reduce its holding in rbs to 62%. the bank has been majority owned by the state since being bailed out for $60 billion during the financial crisis of 2008. the man who built starbucks into the world's biggest coffee chain, howard schultz, is stepping down after nearly four decades at the company.

mr schultz, who retired as chief executive last year, hinted his next move may be political — in an interview with the new york times, he did not rule out running for president. chinese regulators have launched an investigation into memory chip makers, micron technology, samsung electronics and sk hynix. the three companies are dominant suppliers of dram memory chips used in smartphones and computers to store data. still staying with the uk — 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 mps 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. with us is lesley batchelor,

director general of the institute of export and international trade. welcome to business live. that is theissue, welcome to business live. that is the issue, we could be in a situation with no deal and all the rules we take for granted as far as ports, imports, exports are concerned, are off the table. what happens? quite simply we have to prepare for this, we have 180,000 businesses that only trade in the eu that will need to get their act together and find out how to trade with the rest of the world, that is effectively what the uk will become, the rest of the world. what does that mean in practical terms? we just think of delays, paperwork, red tape, form filling? i suppose it is, it is understanding your responsibilities, understanding things that we call rules of origin which will really impact on businesses if we are bringing in goods from different countries,

trading on manufacturing them into everything else. it impacts on the rules of origin which attract the trade tariffs. in the middle of that uncertainty it is not surprising we hear some pretty wild scare stories 01’ hear some pretty wild scare stories or worse case scenarios. hear some pretty wild scare stories or worse case scenarios. and reading about queues that would stretch almost all the way to london from the coast, we would run out of medicine, food supplies, because that stuff is all caught up in customs that the port. will we really see stuff like that? it is not out of the realms of possibility at all. i hope we will get something organised before that. hope does not really work for business. where we stand at this moment, we cannot cope with what will happen, that is just how it is about is what the guys from zeebrugge and calais will tell us, they are not set a perverse, they are settled for a free trade environment and that is what we will hear hear. briefly, a big key is

technology in the future, digitising the system. how far away are we from that, do we think? the problem with digitising the system is lots of movements go one way and another. you get a situation where you cross borderfrom one part of manufacturing to another, cars that can manufacturing to another, cars that ca n cross manufacturing to another, cars that can cross the channel up to seven times. that is a lot of paperwork and processing and it will be quite and processing and it will be quite a complex system which i do not think exists at this moment. another story we will discuss at length soon. lesley, thanks for explaining that so far, but i'm sure we will speak again. many of our colleagues in the business unit, the likes of our business unit, the likes of our business editor simonjack business unit, the likes of our business editor simon jack and others, will be watching back grilling of those individuals we mentioned in the parliamentary select committee later. more on that later. let's take you

to asia. japan's toshiba has decided to sell its personal computer business to its rival sharp. you might remember both companies made headlines for losing billions of dollars several years ago, but this deal shows that sharp has managed to turn itself around a lot let's go to our asia business hub. mariko 0i is there. the end of an era for toshiba, this consolidation? that's right. if you remember, back in the 1980s, i am tambe union to remember, but toshiba was the first company in the world to commercialise laptop computer business, so making competing mobile ——iam business, so making competing mobile —— i am too young to remember. today the tee companies have announced that toshiba is selling its pc business to sharp forjust $36 million. this deal really shows a stark contrast between the two companies. 0nly several years ago they both had huge losses but sharp managed to turn itself around under

foreign ownership, it is now owned by foxxcon of taiwan. toshiba receive japanese government support but is still struggling to turn itself around. it is the end of any rare and it is really sad for some of the geeks injapan rare and it is really sad for some of the geeks in japan following toshiba since the 1980s. —— it is the end of an era. let's look at the markets in asia. there was a mini rally on monday, today was fairly flat. the australian markets are down 0.5%, hong kong, japan was up by 0.3%, something like that. the yen is much wea ker something like that. the yen is much weaker versus the dollar, but sharp shares down 10%. looking at europe, a bank in focus, i have been told we might not be able to show you the european numbers, royal bank of scotland shares are down 3.5%. i believe ben has the european numbers over his

shoulder? i stole them coming here they are, sally. joining us is richard hunter, head of markets at interactive investor. richard, there is not a huge amount right now moving those numbers, there are a fewer underlying issues but nothing particularly new. what are you looking at? we have the ongoing chats between the us and china, the tee largest economies in the world. you have the korean situation. the italian situation appears less dire than this time last week. the worst scenario of italy potentially leaving the eu, when we had this with grease a few yea rs when we had this with grease a few years ago, greece was about 6% of the eurozone, italy is the third—largest economy, it is a rather bigger issue. in some ways it is good that these things keep the market focused, with so many political and corporate stories. it gives you a more rounded picture as

opposed to last year, for example, when markets were like a duck pond and it is a question that this is too straightforward. can i get your ta ke too straightforward. can i get your take on the rbs share sale? the government syl byrne at 270 1p per share, they bought them at over 500 p. -- share, they bought them at over 500 p. —— the government sells them at 2701p per share. why are p. —— the government sells them at 270 1p per share. why are they selling them at this level? what we have to understand is rbs as a whole, one of the reasons it got into problems was it is a completely different animal to how it was leading up to the financial crisis. it isa leading up to the financial crisis. it is a much smaller company, much more uk focused. so the shares would never go back to that amount? more uk focused. so the shares would never go back to that amount7m they did, it would take significant time. with a 70% stake the government had had, governments tend to bea government had had, governments tend to be a stultifying influence on businesses and they are not in the

businesses and they are not in the business of running banks in particular. i think they are taking this on the chin on the basis they will get some proceeds back, but ultimately they are likely to sell the whole lot at a loss. for now, richard, thank you. a couple of stories to talk about later. still to come... the growing trend for fine teas — forget your builder's brew, we'll ask the owner of one of the fastest—growing luxury tea brands in the world why cuppas are going classy. you're with business live from bbc news. we cannot promise the opera singer later, but stay with us! i have to say that i love a good cup of tea, it is my favourite drink. i have to say that i love a good cup of tea, it is my favourite drinklj thought you were going to say you loved opera. t, opera and a smartphone, a winner. but let's now talk about the royal bank of scotland. the government is selling

a bit of its stake in rbs but making a bit of its stake in rbs but making a loss of £2 billion. joining us now is laith khalaf, senior analyst, at hargreaves la nsdown. what do you make of this? the government and others as taxpayers pretty significantly out of pocket? the reality is that is what the shares are worth on the market. the taxpayer is holding an acid above value which is selling for cash. i guess the thought in doing that is that the government does not think it isa that the government does not think it is a natural shareholder of bank shares, i think probably most governments would probably take the same view. also there is a cost to rolling that cash over in terms of government borrowing being racked up and on government borrowing you are paying interest. now that money which has been redeemed from the royal bank of scotland is able to go

down and pay the national debt. i guess the question is what is the right time to sell rbs? unless you have a crystal ball you cannot save the sure that the price will be any higher in the immediate future than what the government has overnight? also, as our other guests richard said, it is a very different bank now. it wasn't 38 countries, it is now. it wasn't 38 countries, it is now operating in just nine. now. it wasn't 38 countries, it is now operating injust nine. —— it was in 38 countries. it is a totally different beast because it has gone through ten years of restructuring which is still ongoing. that has inflicted pain for rbs shareholders, of which the government is largest. if we remind to 2008/9, this was one of the biggest banks notjust in the uk but the world. —— if we rewind to. the ramifications of letting it fail, we will never know what they will have been but it could have been devastating for the global economy. i do not think it is and it

—— an exaggeration to say that. by injecting that money, the government cushioned the blow back then and spread the pain out over a longer period. unfortunately we are just getting to see it now. thank you for yourtime, getting to see it now. thank you for your time, laith. good getting to see it now. thank you for yourtime, laith. good to getting to see it now. thank you for your time, laith. good to see you. you're watching business live — our top story... take—off for a third runway at heathrow. london's biggest airport is set to get the go—ahead today after years of controversy, protests and delays. it is expected to get the green lights today. a quick look at how markets are faring... not a huge amount, but rbs on the back of that shares sale by the uk government off—loading part of its sta ke government off—loading part of its stake in the bag, down 3.4% so far this morning, which will drag down the wider ftse 100. here in the uk we're renowned for our love

of the good old "cuppa". and despite coffee's popularity tea still has a special place in the nation's heart. certainly in the uk, but in many parts around the world. now one of world's leading tea brands is brewing its brand in europe by launching in the uk. twg is based in singapore — and operates in 42 countries . it prides itself on providing a wide range of teas — and sells 800 varieties. i have worked my way through about three! those teas come from 46 regions around the world, including some unusual places like new zealand, hawaii and malawi. joining us is taha bouqdib, president, ceo and co—founder of twg tea. welcome to the programme, you have brought four achieves the different teas, there are over 800 on offer from your company. —— you have

brought four tubes of different teas. we have four different kinds. this is a moroccan tea, i was inspired from my trip to the south of morocco. you are moroccan? yes, i live in singapore, establish the brand in singapore. all my trips around the world, i can create different blends, i can really have a taste of the country that you travel to. we were smelling these earlier and it is a shame that viewers cannot smell them, it is pretty powerful. 800 varieties, how would you manage... to me, tea is tea, white tea, green tea and black tea, white tea, green tea and black tea, how do you have 800 righties? because i create each blend, it is like they are all my babies. you cannot forget your babies. you know exactly which one with the different taste, different blends, different spices. the most important thing is

to have all of this tea to create a trip which anybody can enter. it is like a great dream of travelling without travelling, you can smell the earth of the country that you wa nt to the earth of the country that you want to travel to. the well- known tea brands, it has all been h edition for decades, many are family businesses. correct. they have been around for generations. you are studying to be a lawyer in paris, working on the side for tea company to own some cash and that is how it started. he went to singapore, you have no real background?” started. he went to singapore, you have no real background? i spent more than 15 years in paris in the tea industry to understand exactly how... but for me, the dream was to create the most look serious tea company in the world that had all the tea plantations in one place. —— the tea plantations in one place. —— the most luxurious tea company. we wa nt the most luxurious tea company. we want the finest tea leads from each

tea blower. —— grower. want the finest tea leads from each tea blower. -- grower. this is not cheap, this is high end. a tube of those would cost me £25, i was shocked. because we are using the finest tea leaves. i will not pick that up in sainsbury‘s, i have to go to harrods or somewhere. what is your demand like? we have a store in harrods. are you selling? yes. they have amazing appreciation. you do not need to add milk, lennon or sugar, you can drink it exactly how it is, because the quality of the tea leaves, the fruits and flowers, they are all natural. in the introduction we said there was a huge surge in the popularity of coffee, is tea becoming more and more niche? green tea sales are going up, traditional black tea sales have fallen pretty sharply. it isa sales have fallen pretty sharply. it is a tough market? i saw in the uk

that he was falling from 2010 two 2016 by 19%. -- that he was falling from 2010 two 2016 by19%. -- i that he was falling from 2010 two 2016 by 19%. —— i saw in the uk that the tea was falling. but people today are conscious about having a good quality of tea they can drink, thatis good quality of tea they can drink, that is right tea—time will never be the same as did twg establishes in the same as did twg establishes in the uk. you have already said you have 800 babies, what next? always have 800 babies, what next? always have creation. 0ur accessories are our own creation. the customer is a lwa ys our own creation. the customer is always having fun. the tea is not any more the grandmother or grandfathers, it is more fun, people can have a great time to have a cup of tea today. well, i do. ben has been sniffing these green leaves all morning. they have a very strong smell. it is definitely tea, nothing dodgy going on in the studio. apple at its annual developers

conference has announced a new softwa re conference has announced a new software to try to help those with iphone addiction. apple assuming we all have iphones, it would assume that. lots of you worried that you use an apple to stop you using an iphone, the point is it would monitor how well you have been on it and give you a rider to stop using it. maria says i have been staring at my phone so much since i woke up i am now late for work. maria, get on the bus explanation of aidan says the irony is that every comment on this will have been sent in by people staring at their smartphones. did you just read out aidan? doctor anna carlton says the key to the addiction uses the addiction itself, oh, the irony! asimilar itself, oh, the irony! a similar comment to aidan. you can look at all the comments by using the hashtag #bbcbizlive. in a moment we'll take a look through the business pages but first here's a quick reminder of how to get in touch with us. stay up to date with all the day's

business news as it happens on the bbc business live page, with insight and analysis from our editors around the globe. we wa nt the globe. we want to hear from you, get involved on the bbc‘s business live websites. 0n involved on the bbc‘s business live websites. on twitter we are @bbcbusiness, and you can find us on facebook. what you need to know, when you need to know. sir richard is back, the head of markets interactive investor. the executive chairman of starbucks, howard schultz, announced he was having a coffee break! after 36 yea rs having a coffee break! after 36 years he will stand down. he has grown the company to have something like 28,000 stores. wasn't there are 11 or something in seattle? when you started ? 11 or something in seattle? when you started? i think 1971 item started,

unbelievable growth story. as much as anything else, the question being what will he do next. —— i think 1971, it might have started. it could be philanthropy or it could be running for office, with perhaps half an eye on the presidency. dare i say that president trump, setting a precedent, someone so successful in business could take the white house? we have had the president president, in 2020 he could be running for the democrats. they need someone, as running for the democrats. they need someone, as far running for the democrats. they need someone, as far as we running for the democrats. they need someone, as far as we understand. lots of candidates out there, they are running for midterms etc but there is not a high—profile candidate, as yet, to counter president trump. could it be howard schultz? we will find out. that is it from asbo today, we are going for a cup of tea. see you tomorrow. —— but is it from us, for today.

hello. grey and cloudy skies for many this morning, but we have improvements. brightening from the north as we move through the day, prolonged sunshine developing, staying cloudy in the south—west. this is how the pressure chart looks, high pressure in the north, low in the south. holding onto that north north—easterly feed which is dragging infairamounts north north—easterly feed which is dragging in fair amounts of cloud from the north sea. we will see low cloud, mist and fog lingering for coastal areas. i think the cloud just tending to linger for parts of the southwest, seven wales, south—west england, central and southern england. it will be fairly cloudy the northern ireland with some showers possible. there could be rain in the channel islands, temperatures today feeling noticeably cooler in wales, where we saw 26.6, a maximum of around 20 today. this evening and overnight, showers will die out, there amounts of clear spies, some cloud spelling in. ——

fairamounts of spies, some cloud spelling in. —— fair amounts of clear skies. and overnight low of around five celsius in the north—east, just in the double figures in the south—west. tomorrow's start fresh, there will be some cloud pushing in from the north sea and i think for eastern coastal areas, a bit of mist and fog will linger that there will be plenty of sunshine, certainly unimproved davan northern ireland tomorrow and with the sunshine, a maximum of 22 or 23 celsius away from coastal areas. into thursday, high—pressure largely dominates but there could be some heavy, thundery showers in southern parts of the country. a bit more cloud around in the south, showers could be thundery. uncertainty about where they will form. the further north you go, more dry and bright weather. eastern coastal areas holding onto a bit more cloud, temperatures at a maximum of around 23 celsius. asimilar

maximum of around 23 celsius. a similar story into friday, the best of the dry and bright weather the further north you are. holding onto a bit more cloud for eastern coastal areas and the chance of seeing a shower in the south. showers very hit and miss but they have the potential to be happy. some uncertainty in the detail, so stay tuned to the forecast. a maximum temperature of around 22 or 23 celsius. hello. it's tuesday, it's 9 o'clock. i'm victoria derbyshire. welcome to the programme. after years of arguments and delays, a third runway at heathrow is expected to be given the go ahead by ministers today. but will it get it through the house of commons? this is a massively expensive than polluting proposal to expand heathrow. people would prefer to see a regional airport strategy that has the connections they need on their doorstep, instead of having to go hundreds of miles to drive to london and fly out from heathrow airport.

it isa and fly out from heathrow airport. it is a 20th century strategy. also: the astounding story of the woman who survived being aborted. what i learned was that my 19—year—old birth mother, as a college student, had a saline infusion abortion and that type of procedure was meant to poison me to death and, of course,