this is business live from bbc news with sally bundock and ben thompson. deep divisions between the us and its key allies after president trump's g7 meltdown. live from london, that's our top story on monday, 11thjune. global markets are having to digester worst—case scenario as they wa ke digester worst—case scenario as they wake up to fresh trade to mile after a barrage of angry tweets from the us president berating nato nations. —— trade turmoil. and more diplomacy ahead as donald trump arrives in singapore for historic peace talks with north korea's kimjong un — if there's progress what could this mean for the impoverished north korean economy? markets in europe are brushing off fears for now. they are all heading up fears for now. they are all heading up at the start of a new trading week. and game on: we get the latest from xbox

and why its new games line—up is key to microsoft catching up with market leader sony. today we want to know... trump certainly riled other world leaders at the g7, but was it all just a power play ahead of his meeting with kim? let us know. just use the hashtag bbcbizlive. hello and welcome to business live. thank you for your comments so far as well. we will certainly mention them later about this story. the fa ct them later about this story. the fact that traders around the world are trying to make sense of the fresh trade turmoil after president trump's meltdown at the g7 summit in canada at 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. victoria clarke, economist at investec, is with me. nice to see you and welcome to the programme. it is a bit of a mess, isn't it? the whole point of g7 is presenting a united front and it is a very collaborative family, but it is anything but right now. that is certainly how g7 has been. the outcome of the meeting was much as expected ridding the headlines going into it. it is chaos but chaos to be expected in a sense because that is how donald trump does business and thatis how donald trump does business and that is how he operates. in the midst of some pretty corrugated trade negotiations on various fronts, it was perhaps not a huge surprise that he walked out without backing the communique that the group put together. and standing as the man on his own. some suggestions

that this is just a big the man on his own. some suggestions that this isjust a big power the man on his own. some suggestions that this is just a big power play. we mentioned it then and a lot of people get in touch with us already about this. it seems like he wanted to look like he was talking tough before meeting with kimjong—un. could that be what is going on?” don't think it would hurt. it is certainly helpful timing and posturing going into the meeting. my suspicion is that there is probably a big play for us political dynamics ahead of the midterms in november. he has not done badly in the polls and actually the republican party in the states have made gains when he has been talking tough and throwing his weight around on trade. it is helpful for his weight around on trade. it is helpfulfor him to his weight around on trade. it is helpful for him to get those headlines at home as well. as far as the world leaders that he has riled, to put it nicely, what happens next? did they go into the meeting thinking it would be tense and fractious? president trump, we know his track record, and they willjust shrug their shoulders and deal with it later? it may not be as bad as

the headlines and the first reaction appears. it is donald trump, he throws his toys out of the pram but then he becomes deal—maker, and then we have the summit and then the dust settles. trade associations are a lwa ys settles. trade associations are always drawn out and painful and we get back to the work of trying to make progress in them. but on a more bilateral case—by—case basis, this is anything but the g7 working beautifully together. it is anything but for now! thank you, victoria. president trump left canada after what some describe as his trade tantrum and he headed to singapore and he has met with the singapore prime minister all in preparation for the talks tomorrow with north korea's kimjong for the talks tomorrow with north korea's kim jong un. for the talks tomorrow with north korea's kimjong un. at that has not stopped him tweeting about trade on his journey. and he

stopped him tweeting about trade on hisjourney. and he is in that plush hotel now. let's go to singapore. karishma vaswani joins us. you are outside the hotel for kim jong un and we can see a media behind you. this is a very big event. absolutely. just to give you a sense of the scale and the excitement about this event here in singapore, the media have been camped out for the last few hours, in fact since last night, at the hotel where kimjong in fact since last night, at the hotel where kim jong un in fact since last night, at the hotel where kimjong unis in fact since last night, at the hotel where kimjong un is staying. we don't know whether he has left the hotel or not. as far as we understand he is still inside. there have been reports that he may venture out later today but that is unconfirmed as yet. and all eyes are on that historic meeting between the north korean leader and president trump, when they sit face to face against one another at the same table, rather, tomorrow morning at nine o'clock on the island of

sentosa not far from nine o'clock on the island of sentosa not farfrom here. the big topic on the agenda is how far each party will come towards denuclearisation. at this point in time, they have rather different understandings of what that means. from what we have been told, one of the key reasons why the north korean leader has even come to the negotiation is because of the economy. you will remember earlier in the year when he made a big speech at new year. what he did talk about was the fact that the policy in north korea had achieved its military capability and they now wa nt to military capability and they now want to focus on the economy and thatis want to focus on the economy and that is one of the reasons we are hearing for why he is coming to the negotiating table. thank you very much. karishma vaswani in singapore. she is part of the team covering that story.

let's take a look at some of the other stories making the news. 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 engine maker rolls—royce is set to cut more than 4000 jobs as part of efforts to cut costs and boost profits. newspaper reports predict 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. let's show you the financial

markets. you saw the european trading session, which has been going for a0 minutes. let me show you how things went in asia. this is the australian markets, and it is quite mixed in asia. that is friday's close on wall street. you would think with everything coming out of canada and the g7 meeting, these markets would be very nervous. at the moment i would argue that they are pretty muted. the federal reserve meeting this week and the european central bank meeting as well, just to add to the excitement. now i will hand you back to ben. promises, promises! joining us is simon derrick, chief markets strategist, bank of new york. nice to see you. what are you watching? you would expect markets to be pretty nervous right now but they are not. that was the

assumption actually. we didn't have more of a reaction to g7 given that this is the way the relationship has been over the whole time of g7. the fa ct been over the whole time of g7. the fact that we have come out of this and everybody seems so sanguine, the only possible argument is that there is so much on the agenda this week, that people are looking forward rather than backwards. but yes, the european central bank meeting. there is the likelihood that they will make an announcement that they will finally stop cutely some time this year, —— finally stop quantitative easing. the federal bank will almost certainly tighter monetary policy on wednesday, hiking interest rates. and we have politics going on over the next few days in singapore and in the uk, so a lively week ahead. very lively and we will not get much rest, that is the shore. president trump saying we will know in the first minute of his meeting with kim jong un how it will go. very hard for anyone to predict. but traders around the world, they have no idea. 0ver

around the world, they have no idea. over the course of the last 18 months, we have learned that you can't predict what donald trump will do next and that has been consistent and that was true over the weekend. anybody who is trying to reasonably read what will happen tomorrow in singapore, i think forget it. there is little point in doing that. what we do know is it will not be a short—term process. any move towards peace in this peninsula will be long—term. peace in this peninsula will be long-term. when we look at what will move markets this week, there is a different elements, as you have touched on, and the standout ones are the big geopolitical events, but there is a lot of corporate news out there is a lot of corporate news out there keeping investors on their toes. yes, there is. this morning there was the story around rolls—royce and the amazon story as well. that is one of the reasons why ifind it so bemusing that well. that is one of the reasons why i find it so bemusing that the markets are so optimistic. we are coming intoa markets are so optimistic. we are coming into a period when market historically become very thin in the summer months. and there is that old

saying of cell in may and go away. i am not suggesting that things will go bad but there is a reason people do that and it is because it is an u ntowa rd do that and it is because it is an untoward time for markets. thank you. we will be talking about airships later, and also that photo of the g7 summit. the photos! there are several versions and we will explain why they are being spread about by different people with different agendas. still to come: hotel hotspots. we meet the woman designing some of the world's top hotels. but how does she deliver them on time, on budget and still with the designer touch? you can see ben getting a tour there. we had a look round the hotel to find out what it is all about. david for that and we will explain later. —— stay with us for that. you're with business live from bbc news. first we can focus on the retail sector in the uk. footfall in uk shops fell slightly

over the last 12 months despite the good weather boosting sales. the 0.a% dip was much smaller than the 3.1% decline seen in april, but could be worrying for the high street, which has had a tough start to the year. rachel lund is from the british retail consortium which compiles the figures. we blamed that beast from the east, the bad weather, for a lot of decline in footfall but now you are saying the good weather is helping to get people back to the high street, as you would expect. that is right. we saw actually underneath the figures, for the high street, it was up year—on—year, but only a bit. given that we had such strong sales in may, actually this reflects the fa ct in may, actually this reflects the fact that increasingly we are shopping online. if you are looking at physical locations, things are getting more difficult. tell us what you found out in terms of the breakdown when it comes to footfall. how did the high street do compared

to shopping malls and retail parks? high street and retail parks were up a bit year on year, around 0.5%. but shopping centres were down quite significantly. that dragged the overall figure down. the reality is that for some shopping centres, without investment needed to make them into more experiential locations, they will struggle to get footfall through the door more and more. and for the high street right now, there is a lot of focus on trying to come up with a different purpose. makers go back to the high street not just be purpose. makers go back to the high street notjust be shopping but other things. that still seems to be a toughjob other things. that still seems to be a tough job to do. absolutely. there has got to be a big transformation that makes them into these more experiential locations. the problem is that property taxation is, taxation on commercial property, is so high, that even though businesses come in and retailers are closing

shops, they really struggle to make ita shops, they really struggle to make it a commercially viable option. thank you for that. rachel from the british retail consortium. let's have a look at what is online. the page is busy as ever. but trade firms skirt law and loss claims. this is about the train companies and how they are running their line sent out the passenger is doing as a consequence. “— sent out the passenger is doing as a consequence. —— how they are running their lines and how the passenger is doing as a consequence. you're watching business live. our top story: president trump continues to berate the united states' closest allies on twitter after withdrawing his support for the closing communique of the g7 summit. no surprise that he is doing that on twitter. he has a busy day ahead meeting kimjong twitter. he has a busy day ahead meeting kim jong un twitter. he has a busy day ahead meeting kimjong un in singapore. we will stay right across that on bbc news. microsoft is beefing up its games offerings, buying several indie studios and

giving 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. i know it is a late night for you so thank you for staying up and please talk us through it. the two are battling it out for supremacy and microsoft is really worried. yes, they are. you have these years at e3 where sometimes the show will all be about new consoles coming out and trying to get people to buy them initially. but when the years progressed, it is all about what the games on the consoles are in order to get the sales. what microsoft has found in recent years, the last year orso, found in recent years, the last year or so, they have not had many exclusive titles, in other words games you can only get on the xbox, where its playstation has had more of those, and if they are popular,

then people have got to buy a playstation in order to to play them. microsoft are trying to turn that around. they have invested a lot in games, two of which are in the uk, which is good. they are going to be funding games that will just be on the xbox and they hope that in a year or so from now, that will pay dividends with some good exclusive titles on the xbox. as it stands, they are falling behind the playstation when it comes to being the most popular console in the world. we heard from microsoft on sunday here. it is just about finishing sunday here. sony is up next on monday and we will be at their press conference to see what they have got to show off at this yea r‘s they have got to show off at this year's e3. it is always a very tight competition. is there anything that really does separate the two big

brands? is it purely about who can get the best, the most popular, the most viral title out there and get it onto the consoles? they're always used to be a difference because one was better at graphics and the other was better at graphics and the other was better at gaming. there is convergence, isn't there? yes, it is not like it was 20 years ago, when there were big differences between what the companies were doing with hardware. they have had to make a trade off on what the machines can do. now that computing is cheaper, the consoles themselves, there is very little to distinguish between the two in terms of capabilities. it is all about the games, good games design. 0ften is all about the games, good games design. often the biggest hits come out of nowhere. there is a game at the moment called fortnight which has been a huge break—out success this year. it wasn't mentioned at e3 last year but it has been the big talking point of the show this year. it is games like that

which have people going out to buy consoles like this, and that is what companies are hoping to create for their own studios. dave at e3, thank you. do you know fortnight, the game, and can you do the floss? no, i can't. my kids are great at it and i will film it and put it on twitter. my youngest tom is particularly good. so why the hat? because we have been filming on a building site. i have had it made with my initials. it is not british telecom! we are talking about designing hotels and what makes you choose one over another when you are travelling. maybe it's the service, or the location, or the price. but increasingly it's the style and design too. this is not style. shall i take it off? if you have got to put on a

ha rd off? if you have got to put on a hard hat when you go into a hotel, thatis hard hat when you go into a hotel, that is a sign of trouble. no, it means it has been renovated, and it is staying ahead of the game. but who is responsible for how hotels look? well, it could have been british designer tara bernerd. she's the founder of the interior architecture firm tara bernerd & partners and is working on projects around the world. but her latest is right here in london. the grand old red brick hotel on russell square in the heart of the city is reopening this month after a massive refurbishment. i get the hard hat now! i caught up with tara at the newly named principal hotel and we talked about the challenges of such massive projects. the first thing is getting to grips with being back in london, which is great. and we are standing in the heart of the principal hotel, formerly known as the russell, and she really is the great dame of bloomsbury.

when we were awarded this project, it was a huge honour, and then as we unravelled what was behind different facades that had been put up over the years, we found this glorious room, but at the time all the ceiling work was lowered and these were conference rooms. i mean, really a shame. as we pulled everything back and we found the marble, we found a little history about the place. this was the palm court where people danced. what was this hotel? it was built in the late 1800s. 1898. what it was is almost aspects of it you're bringing back to honour the glory, but to make sure it stays current how do you make sure the places you are building reflect where you are because a lot of hotels are very generic? a lot of big—name hotels all around the world are identical. how do you avoid that? that is a really important question.

to stay indigenous, to really get into where we are. what is the area? and what is the character of that building? what is its personality? because they all have personalities. i think to get to know a project, to get to know an area, the people who are going to frequent it, all part of early preliminary studies which are key. a lot of the hotel is finished so let's go and have a look at some of the work that you have completed. absolutely. let me take you into a suite. wow. thanks. come on in. this is wonderful. talk me through how you start to design a room like this in terms of how people use it. the way we use hotels has changed a lot over the last few years. very much so. that is a great question. i think today hotels become our home from home and even if we are not conscious of it, we tend to expect now a warmth, somewhere where we can really feel comfortable as well still perhaps

appreciate some of the designs. we actually look at hotels and take some of the designs back to our homes today. we didn't want to create something too overly intimidating. as we arrive into the room, here we are, in what is in a sense your sitting area of the suite. what we tried to do here was create something very comfortable that you may be able to associate with living in one's home, and not only hopefully enjoy what it looks like but practically speaking you can really sit in this room if you're entertaining guests or even having supper in the room is comfortable. and then the bedroom itself. my goodness! there are a lot of different things going on. in the rooms we decided to be brave and bring back the four—poster for this particular hotel. we've brought in a beautiful freestanding bath tub and in this suite it sits in the corner here, which is really quite special. what is the biggest frustration for you as a designer? you must have wonderful ideas of all the things you want to do and then the reality, as we know on any project,

you have got to do it within time and on budget. i am very loyal to all my clients. i think one of the hardest things that we all come up against... it is hard for hotel operators and hotel owners themselves. it is what we call in the business ve, value engineering. when you have created a really great room or restaurant, and you have even got to all the furniture and the items in it, and the budgetjust demands you to really revisit everything, to keep costs as moderate as possible. there is a lot of expense that goes into this, the construction work. it is varying degrees of compromise? and it is learning to compromise and it is learning to also make sure that within compromises and changes, that you keep the integrity, the design intent that you always started with. iam i am attached to this but i should probably take it off. i can tell! it

makes him look cool. simon is back to talk about the other stories. we are picking apart the g7 and we asked viewers to get in touch with their thoughts on how damaging the spat is. but the picture tells a thousand words, doesn't it? spat is. but the picture tells a thousand words, doesn't mm depends which picture, actually. funny you should say that! let's have a look at them. there is the one that was released, the most famous one, angela merkel leaning on the table. it really does tell all the table. it really does tell all the different stories, doesn't it? that is the one released by germany. the european press office really jumped on that one. the prime minister of japan was also jumped on that one. the prime minister ofjapan was also there. he looks a bit scary. same situation, different scenario, different story. more stern. look at the canadian prime minister, justin trudeau. very different from exactly the same picture. and all released by

different people. and how have the donald trump team portrayed this? centre of attention! holding the crowd. what does this tell us? apart from the amusement factor of this, it shows that each and every nation apart from poland and japan and the uk, they have released their own picture telling their own story. there is a serious point about this. everybody is trying to seize the news agenda coming out of this weekend. you might think that is what normally happens at the g7 but i can't really remember any g7 summit where you have seen such a battle of trying to get the message over. that is what this is about, the fractious nature of it, and it is making the point very clearly. isn't he? he will make that point in singapore. please send us your comments. see you soon. hello. another dry and warm day for

many of us today with lots of sunshine this morning. more cloud in northern areas. through the week we will see things turning more u nsettled. will see things turning more unsettled. by wednesday night into thursday, wet and windy weather moving in. now plenty of sunshine at the moment and that will continue. more cloud in northern and eastern parts of england and scotland, with some showers expected here. and some showers kicking off this afternoon in south—west england, wales, the north midlands, the pennines, and they could be heavy at times, but pretty isolated. cloud in north east england and eastern scotland, where again there will be some showers but also brighter spells and sunshine breaking through. in northern ireland, maximum temperatures will get up to 18 or 19. temperatures into the mid 20s in the south—east of england. 0vernight most of the showers clear away tonight with cloud in eastern areas moving

further south and west. it will be relatively mild tonight with temperatures staying in double figures at 11 or 12. tuesday might start off a bit cloudy. certainly cloudier than this morning. that cloudier than this morning. that cloud will thin and break—up to give sunny spells and some showers in north west scotland and england. the odd isolated shower across wales. mostly dry on tuesday for most of us. mostly dry on tuesday for most of us. temperatures down a little bit but still high teens and late 20s. 0n but still high teens and late 20s. on wednesday high pressure holds on in many areas but you will notice this low pressure slowly moving in. it will introduce a change in northern ireland and the west of scotland. rain slowly moves in and the winds picking up as the day goes on. for agent and wales, dry on wednesday with sunshine and temperatures getting into the low 20s. —— for england and wales. for what seems like weeks we have had the same weather pattern with the

jet stream stuck out towards the west, that is the high level wind that drives the weather, but this week it is changing, moving its way in and pushing across the uk. when that happens, we get areas of low pressure moving in. a very big change. we haven't seen this area of low pressure for a long time across the uk. isa bars close together, indicating a windy spell into thursday, and rain moving through as well. —— isoba rs thursday, and rain moving through as well. —— isobars close together. you buy. —— goodbye. hello it's monday, it's 9 o'clock, i'm victoria derbyshire, welcome to the programme president trump says there's "excitement in the air" ahead of his historic meeting with kim jong—un. north korean state says it could be the beginning of "a new relationship" with the united states.

iam i am live in singapore. final preparations are taking place. final negotiations will take place. president trump and kim jong—un will be sitting down to meet each other a very short distance from where i am. also, deaf people tell our programme exclusively they're being left behind by the nhs in england because of a shortage of face to face interpreters — one deaf mum to be was told