this is business briefing. i'm sally bundock. global markets wa keup to fresh trade turmoil global markets wake up to fresh trade turmoil after president trump's g7 meltdown. we get live reaction from new york and singapore and game on. the boss of xbox tells why its new games line—up is key to microsoft catching up with market leader sony. and on the markets... in asia they are trading right now and you can see they are higher, traders watching and waiting to see the fallout of the g sevens but in real terms. —— g7 spat. let's look at the trade turmoil in

more detail. global markets are waking up to trade turmoil after president trump's meltdown at the group of seven summit in canada over the weekend, the most acrimonious g7 to date. it left us allies reeling with europe and canada threatening counter—measures against us tariffs and german chancellor angela merkel calling it sobering and depressing. hopes to smooth out trade tensions and tackle protectionism were dashed, with the us president renewing his threat to slap tariffs on cars imported into the us. let's just remind you, on ijune the us decided to impose a 25% tariff on steel and a 10% levy on imports of aluminium. the eu, canada and japan, who all attended the summit, had hoped to get exemptions from the tariffs, but the white house has held firm. america's two biggest export partners, the eu and canada, recently announced they would retaliate with their own tariffs on us goods, ranging from bourbon whiskey to harley—davidson motorbikes. eu actions will be announced on july i.

let's get more on this story with arun pillai—essex, north america analyst at verisk maplecroft. he is in new york. good to see you again, arun. since donald trump has arrived in singapore he has done nothing buckwheat about his frustration and anger about the g7, give us your take? in this administration, anything with trade, very diverted from its most prominent geopolitical allies and what we've seen over the past several months, and since the start of the trump administration, is how singularly focused by our henry orientating policy towards protectionism, safeguarding heavy metal industries in the us —— re—

orientating. the comments are flying back and four, from europe, with regards to angela merkel and macron, but also justin trudeau regards to angela merkel and macron, but alsojustin trudeau in canada. they are extremely frustrated that what they thought was an agreement fell apart at the last minute? absolutely. just looking at the steel and aluminium carrots, —— tariffs, they were seen as a negotiating tool, but this administration has used them as a way to batter most of its allies on this. looking at the reason for those tariffs, it was to combat overca pacity those tariffs, it was to combat overcapacity of steel, and the main actor involved in that is china, so why are these tariffs disproportionately affecting allies? this is really affecting some of the g7 nations. and the use of national security as a justification is

particularly provocative and it threatens the rules based multilateral wto world order that these other nations are subscribed to. what do you think will happen next? we've been saying canada is announcing its retaliation, the eu will announce its next month, how far will this go? this is the concern frankly. those countermeasures are proportional, when you look at the actual number of what. .. the when you look at the actual number of what... the 3 billion for the eu in terms of what the tariffs account for in terms of us exports, so they're not that big, it's more where this is going. the steel and aluminium tariffs are one broad side of this approach we have seen from the administration, but we are seeing a trade stand—off with china and uncertainty around nafta. this is injecting tremendous uncertainty and protectionism coming out of the administration. it is worrying for

many of the allies. arun, thank you for your time. the north america a nalyst for your time. the north america analyst based in new york. as you're well aware... the us president's agenda is pretty massive at the moment. the us president may have left diplomatic and trade relations in tatters after that g7 summit, but he's not stopped tweeting about trade even now in singapore, where he's set to meet north korea's leader kim jong—un. karishma vaswani is in singapore. karishma, his agenda is completely full, but he clearly has trade on his mind, he's been tweeting in the last hour about the g7 summit? indeed, sally, but come tomorrow, come tuesday, his focus will very much be on this historic summit between president trump and north korea's leader, kim jong—un.

between president trump and north korea's leader, kimjong—un. to remind you exactly what's at stake here, the two leaders have traded barbs with one another, they've had hostility on both sides, but now it appears that they appear to have some sort of deal that they're trying to work towards but that key question of denuclearisation, what does it mean for both north korea and the united states? are their understandings the same? all of those questions will be answered when the two men come face to face tomorrow when they meet on the island of sentosa not too far from here, sally, at 9am local time here in singapore. it's a meeting that's been anticipated with a great deal of excitement obviously, but also a great deal of concern because there's always that possibility, isn't there, that something could go wrong. donald trump himself has said that he will know whether there is a chemistry between the two men within the first few minutes, first few seconds of meeting one another. so all eyes on that key meeting here in singapore on tuesday. charisma, thank you so much.

karishma vaswani, part of our top tea m karishma vaswani, part of our top team in singapore covering this historic summit —— parishioner. —— parishioner. neuer in stockholm said the g7 trade split was predictable and the trade war with the eu, china and america is more probable after the g7 split —— neuer. the american consumer will suffer the most after a slowdown. keep your views coming in. we will mention more later. now let's brief you some other business stories. swiss voters have backed a new gambling law which will block foreign betting sites, with the aim of tackling addiction. the new act won the support of almost 73% of voters and is one of the strictest in europe. when it takes effect in 2019, only swiss—certified casinos and gaming firms can operate in the country. jet engne maker rolls—royce is set to cut more than 4,000 jobs as part of efforts to cut costs and boost profits. newspaper reports say the firm will announce job cuts

and new targets for its civil aero—engine business when it updates investors on friday. a us labour watchdog has criticised amazon and one of its suppliers foxconn over working conditions at a plant that makes echo speakers and kindle e—readers. china labor watch‘s nine—month investigation of conditions at a factory in the city of hengyang, highlighted excessive hours, low wages and poor training. microsoft is beefing up its games offerings, buying several indie studios and given a glimpse of the next halo video game at the e3 gaming event in los angeles. but its having to work hard to stop the xbox falling behind leader sony's playstation. dave lee has been at the e3 gaming gathering in los angeles.

you've been talking to microsoft? yes, i have. this is a huge week for gaming, if you're a gaming fan, this is the most important time of year because there will be hundreds of games on show this week that haven't been seen before and if you're one of the 70,000 people lucky enough to have a ticket to get in, you'll be playing the games just before pretty much everyone. before the show there's always big press conferences from the makers to show off what's going to be on the show floor, as is traditional, microsoft went first with their xbox conference, they are trying to bring on—board more exclusive titles, things that can only be played on xbox to stop people from buying the playstation four, as you mentioned. i was enough to speak to phil spencer, the head of xbox, about why the xbox was such an important part of microsoft's

overall strategy and this is what he had to say. gaming is an incredibly important category for microsoft. 0ur ceo and cfo have talked about that and they've elevated gaming in the company to be a key pillar and we wa nt company to be a key pillar and we want to be a global leader. we know out want to be a global leader. we know our first party studios organisation, creating exclusive content for our platforms and services, is critical for that but we've invested in consoles. we have the most powerful on the market right now and we've invested in services. we are investing in the cloud. interesting to hear what he said about that. as you say, a huge event, are you a big game?” said about that. as you say, a huge event, are you a big game? i try to be, sally, i'm not very good. one thing i'm looking forward to on tuesdayis thing i'm looking forward to on tuesday is a big competition being held in a stadium with fortnight, it will be full of people watching this game, fortnight, which has been a breakout hit from the past year.

i've tried it, i'm rubbish, hopefully these guys can show me how it's done. my boys are fantastic at fortnight and they can do the floss, i hope there's a lot of flossing going on tomorrow! that's it for business briefing this hour. new measures designed to improve patient safety, as well as protect doctors and nurses when mistakes are made, are being unveiled today in the uk. the announcement follows concerns that were raised following the case of dr hadiza bawa—garba, who was struck off after being found guilty of the manslaughter by gross negligence of a six—year—old boy. dominic hughes reports. the death of six—year—old jack

adcock in 2011 is the tragic backdrop to today's announcement. the doctor in charge whenjack died, doctor hadiza bawa—garba, admitted a catalogue of errors in his treatment but her conviction for gross negligence manslaughter and subsequently being barred from practising shocked many doctors and nurses, leading to fears around how medical staff are expected to admit to and learn from mistakes. among the measures being introduced are the investigation of every death bya are the investigation of every death by a medical examiner, all coroner. data on doctors's performance will allow them to see how they compare to others to help them improve. and the regulator, the general medical council, will no longer be able to appeal against the findings of disciplinary hearings, as it did in the bawa—garba case. what we do know is many of these errors are not about individual doctor or nurse, they are about a wider system, a system under

pressure of inadequate facilities, inadequate doctors, understaffed wards, and what we need to see is a culture where we learn from these errors so culture where we learn from these errors so they aren't repeated. we wa nt we want to bring you live footage of what's going on in singapore. we've been telling you of course that donald trump has been arriving at the presidential palace, the official residence of singapore's president, the istana, we can see pictures of the delegates arriving. this is a courtesy meeting between singapore's prime minister and president trump. lee hsien loong's decision to have a meeting with kim jong—un yesterday, the north korean leader. this is in the run—up to an historic summit between the two leaders that takes place in singapore tomorrow. as you been hearing from our various

correspondence who are there. it's incredibly historic and highly anticipated and there is much excitement in singapore. we waiting on the us president, donald trump, to appear. you can see the press all gathered waiting for this moment when he will arrive. 0ur correspondent outside the president's official residence, rupert wingfield—hayes, was talking about the fact that donald trump's motorcade was 30 cars or more, a very impressive show, as they arrive for these meetings. donald trump sounding confident about how the summit will go, but, of course, much speculation about how successful it will be, or not, as the case may be. i want to bring for you my guest, who is with me here this morning, on the briefing. so let's begin.

with me isjoseph sternberg, who's a columnist at the wall streetjournal. we shall return to the footage. and you can see it here. we are rolling in at the moment. joseph, really, it has got the world's attention, and thatis has got the world's attention, and that is really reflected in the media, as well. we have a host of newspapers to look through. there we are, you can see donald trump they are, you can see donald trump they are walking into the main lobby area of the president's residence, the official residence, and he isjust about there. you can see it, the moment that all the cameras in the media have been waiting for. the shaking of the hand, there. this is the singaporean prime minister as they go in for their discretion. these two will talk