this is business briefing. i'm samantha simmonds. plain speaking over brexit: air bus says it could leave britain if it doesn't get a good deal of the eu. plus is cheaper fuel in the pipeline? oil ministers meet in vienna to discuss raising production after crude prices triple in two years. and asian markets have slid to their lowest in six months over growing trade tensions. we start with the debate over brexit. airbus has warned that it could leave the uk is the country leaves the single market and customs union without a transition deal. the european plane maker said it was not part of

project fear but a dawning where oui’. andrew plant reports. it employs around 1a,000 people at 25 sites gci’oss around 1a,000 people at 25 sites across the uk, making wings for its passenger planes. now, and what they have called a press at risk assessment, airbus said that if the uk left the eu next march without a deal, it could lead to disruption and interruption of its uk production. it simply, it said it would force the company to reconsider its business in the uk. before the uk voted to leave the european union in 2016's referendum, they wrote to their staff, warning them about the risk of exceeding the eu. french, german, and spanish governments or hold stakes in the company. the campaign to leave the european union accused air bus at the time of being part of what is called project fear. airbus said that was far from the truth, and on

thursday said it's concerns over its future business in the uk would become a dawning reality. andrew plant, bbc news. we start in the austrian capital vienna where the future direction of oil prices could be decided in the next few hours. ministers from the organisation of petroleum exporting countries — opec — are meeting along with non—opec producers including russia. what they agree will have huge implications around the world. let's show you why. at the start of 2016 the price of brent crude had sunk to just $28 per barrel. there was too much oil and too little demand from the world economy. then the group agreed to cut production to boost prices. you can see the effect it had — brent has tripled in price — hitting over $80 last month. their original deal was to cut output by 1.8 million barrels per day from their 2016 levels. this was scaled back to a cut of 1.2 million barrels — in a revised agreement which took effect at the start of last year. but more recently, problems in venezuela, libya and angola have

seen a big decline in output and demand has increased as the world economy has improved. and now the group's biggest producer — saudi arabia — is calling for an increase of1 million barrels per day in order to avoid a global oil shortage. apologies for our short technical problem. we were expecting to hear from somebody else. but we are fortu nate to from somebody else. but we are fortunate to have with us dana novakovic. she is managing director of lbc energy. what can you tell us about this

increase? it is a moderate to rachel increase. —— gradual. as i say, it isa increase. —— gradual. as i say, it is a modest increase. 1 million small or large is only 1% of the total demand rejected for 2018. it is also a gradual increase because we expect increases in 2018 and 2019. it is also not a dramatic development because it is simply the reversal of the production cuts. so for that reason the meetings importance is more about setting the scene and starting the game for 2018 2019. the opec scene and starting the game for 2018 2019. the 0pec members have already pre— and agreed in the interim

meeting. it is more important to watch what will happen from now on. politics is as much a part of it as anything. i ran at the table and are furious about this. i understand the reports this morning are saying the energy minister walked out from the session last night. the political or jeer portable aspects that you just mentioned to watch would be, first of all, it the saudi arabian intention to ipo the national gas company. and how do they manage the proceeds from the ipo? that will depend on the price and also on their production level. the second area to watch is how china, which is the largest importer, is going to

react to this and how will structure its own imports. and the third area, of course, is how the us administration is going to react in november. what is the trouble and heading into the midterms? the us voters will want to see the gasoline prices. —— what is donald trump looking for heading into the midterms. so this would be good news for the us elections. dana novakovic, thank for the us elections. dana nova kovic, thank you for the us elections. dana novakovic, thank you for explained out. we'll keep our viewers across it and what happens at the opec meeting in a few‘ time. let's turn to the us now — where the boss of computer chip giant intel, brian krzanich, has been forced to step down over a relationship with an employee. the company said an investigation had "confirmed a violation of intel's non—fraternization policy, which applies to all managers."

he's the latest top executive to fall foul of a growing pressure on companies to address issues around gender relations and office conduct. but as kim gittleson in new york explains, policies vary considerably from company to company. companies decide on an ad hoc basis. at facebook or google, for example, they say that you are allowed to ask co—workers out, but only one time. if they say no, that is it. they could include saying that they have plans what they are busy. that cou nts plans what they are busy. that counts as a no to google. but obviously it is a tricky subject. 0ne survey suggested nearly 40% of employees here in the united states have had a relationship with one of their co—workers. that is the same percentage it has been for a decade. companies are trying to work out what is the correct policy when it

comes to allowing or not allowing romantic relationships in the workplace. kim gittleson they are. will have more on that story in the news briefing, shortly. —— there. the european union has introduced tariffs on around $3 billion worth of us imports — including jeans, bourbon whiskey, and motorcycles. the move is a retaliation for us tariffs on imported steel and aluminium — which european commission president jean—claude juncker described as going against "all logic and history." eu finance ministers have agreed to give greece a ten—year extension on more than $100 billion of bailout loans — following talks in luxembourg. the country is due to exit its bailout programme in august — but investors have become concerned it may not be able to service the debt — which runs to 180% of its annual gdp. deutsche telekom is to cut 10,000 jobs at its loss—making it services division, t—systems.

more than half of the job losses will come in germany. and now what's trending in the business news this morning. 0n cnbc, a trainee day trader in france made $11.6 million in one day on what he thought wasjust a "demo." harouna traore thought he was practicing but was in fact trading for real. he is now suing the brokerage firm to try and get the money after they declared the trades void. business insider asks who should be intel's next ceo. there is a long list of contenders for one of the world's top jobs in high technology. 0n the ft, china to make ecommerce groups accountable for fake goods. it hopes the move will boost confidence in the country's $1 trillion ecommerce market, which has been plagued by the sale of fake or substandard products. and don't forget — let's us know what you are spotting online — use the hashtag #bbcthebriefing. before we go, a look at the markets.

and all of the asian markets down to a six—month low over the fears of a trade war. many other countries are chipping away at corporate profits, as well. 0il chipping away at corporate profits, as well. oil prices a bit choppy ahead of the opec meeting. the hang seng is at a six—month low having lost 3.9%. —— seng is at a six—month low having lost 3.9%. -- 3.9% seng is at a six—month low having lost 3.9%. —— 3.9% so far this week. stay with us here on bbc news. up next newsbriefing — we'll take you through the stories making headlines in the global media today. backin back ina back in a moment. hampshire police are to hand over the investigation into deaths at gosport war memorial hospital to another force.

it comes after an inquiry found more than a50 patients died after doctors gave them "dangerous" amounts of painkillers. the report said the quality of three police investigations into 92 of the deaths had been "consistently poor". the chief constable apologised for any distress caused. simonjones reports. the faces of some of the hundreds of patients who died prematurely at gosport war memorial hospital, after doctors get them dangerous amounts of regulars. an enquiry this week confirmed that families and whistleblowers were ignored when they attempted to raise concerns about the administration of medication on the wards. the fears of nursing staff first voiced years ago was disregarded. it is worrying for the former high courtjudge who more than a decade ago led an enquiry into an other nhs scandal, harold shipman. he is thought to have killed 250 of his patients.

although it is said that their cases we re although it is said that their cases were different, it is known that he murdered his patients. this is to be a culture in the nhs that they close ra nks a culture in the nhs that they close ranks when somebody things to criticise them. people who raise complaints, then i treated us well as they should be. the complaints system, the recommendations that are made about harold shipman had not been fully incremented. the health and social care at secretary, jeremy hunt, said it can still be difficult for whistleblowers to raise concerns. but he is confident that checks are now in place that similar problems would be identified quickly. simonjones, problems would be identified quickly. simon jones, bbc problems would be identified quickly. simonjones, bbc news. coming up at 6am on breakfast, jon kay and naga munchetty will have all the day's news, business, and sport. this is the briefing from bbc news.

the latest headlines: confusion over donald trump's plan to reunite migrant children with their parents. it's not clear how — or if — it can be done. the un refugee agency calls for urgent action as more people are killed trying to make the sea crossing to europe. argentina's hopes of reaching the knock—out stages of the world cup suffer a blow after a 3—0 defeat to croatia. now it is time look at the stories that are making the headlines in media across the world. we begin with bloomberg. it reports that us first lady melania trump visited children displaced by the country's immigration crisis in texas, a day after her husband reversed course and ordered families to be kept intact. but the jacket she wore for the trip conveyed a very different message. the financial times reveals that the boss of us microchip giant, intel, has resigned because of a past consensual relationship with an employee that violated the compa ny‘s non—fraternization policy. the daily telegraph has a story about the us ambassador to britain who has reportedly

said that britain needs to shed its "defeatist attitude" towards brexit and take "inspiration" from donald trump. woodyjohnson also said he did not think brexit would present a "major challenge", and questioned why the uk was "so nervous" about the prospect of leaving the eu. the times says aircraft manufacturer airbus is reconsidering its operations in britain amid the uncertainty over future relations with the european union. airbus said it was concerned by the lack of progress in brexit negotiations. the firm, employs 111,000 people at 25 sites across the uk. the straits times reports that a local start—up in singapore is looking into better insurance policies for freelance workers. the group says more than 22,000 singaporea ns are self—employed and there is a need for better income protection schemes. the guardian has some sad news today. koko, the gorilla that learned sign language and formed several celebrity friendships while in captivity in the us, has died aged 46. so let's begin.

with me is 0liver cornock, editor in chief at the oxford business group. walker. we started bloomberg's coverage with this visit by melania troll. —— welcome back. she wanted to be the positive side of the administration showing they can do the right thing. it is the jacket that has caused a lot of controversy. specifically what it said on the back of it. on one level she is trying to do some humanitarian work. perhaps he is also going to support her husband, who has made a rare policy reversal. the policy itself is sending mixed messages, but my goodness of this code is as well. she normallyjust throws it over her shoulders, she is wearing this one as well,