this is business live from bbc news with samantha simmonds and susannah streeter. uk businesses tell the government to stop passing the buck on brexit and tell them what a deal will look like. live from london, that's our top story on wednesday the 27th ofjune. business leaders from across the uk and europe are calling for "pace and urgency" in brexit negotiations in a joint statement. also in the programme — $270 million worth of items have been seized at properties belonging to former malaysian prime minister najib razak. we'll have the latest. and the markets, a fairly muted picture in europe so far today. have you seen a must—have handbag or an amazing jumper — but you're not sure how to get it from your screen to your shopping cart?

well, visual searching can help you do that — we'll hear from the head of one firm that's leading the charge on this technology. and with oil on the rise, pushing up prices at the pumps, we want to know how much it's affecting your finances? are you choosing to drive less, compared to this time last year? let us know. just use the hashtag bbcbizlive. hello and welcome to business live. businesses across the uk and eu have united to call for "measurable progress" in brexit negotiations. a statement signed by the confederation of british industry and their counterparts at the european trade union confederation comes ahead of the eu leaders summit in brussels. for business, the biggest concerns over the future of trading relationship worth more than $733 billion last year are how that will continue without any kind of trade deal or customs union. a key part of that is the irish

border, over which $3.5 billion of trade is conducted. the uk's northern ireland secretary karen bradley has been in brussels this week, trying to make progress on how to avoid a hard border which some worry would undermine the peace process. and without these issues sorted, there is no clarity on what or how the uk can negotiate free trade deals of its own. anand menon, professor of european politics and foreign affairs at king's college london is with us. thank you forjoining us. the pressure has been piling on this week from businesses. we had, of course, air bus at the start saying we don't know about our future in the uk. then we had the motoring industry, bmw is speaking out. now, it's not necessarily that they don't wa nt it's not necessarily that they don't want brexit, they prefer a certain type of brexit but theyjust want the certainty? there are a couple of things happening here. everyone has

a sense the government is getting to decision day. on the 6th ofjuly the cabinet go to agree the white paper and that is a key moment because it isa and that is a key moment because it is a moment when the british government, hopefully, unveils what it wants from the negotiations. as of yet there are cabinet divisions don't know what that government wa nts. don't know what that government wants. businesses are trying to lobby that process, saying they want certainty, that is to say they can live with brexit but they need to know what to plan for. secondly, their preferences that they can keep trading across borders. so something like the customs union, with bits of the single market will help us keep trading. that jerry bigging is the sticking point. european partners are saying you can'tjust have that free movement of goods without the free movement of goods without the free movement of people as well? absolutely. the european union has been pretty clear from the start that if we want the single market, we can be a single market but we are in in its entirety, albeit four freedoms. so apart from free trade

on goods and services, free movement of people. so it is notjust aren't what the government wants. what we are waiting to see in the white paper is if they have put forward a set of demands the eu are likely to accept and at the moment the two sides are quite far apart. you talk about the cabinet splits, many in the cabinet saying, we want to be able to do trade deals with the rest of the world and if we stick so closely aligned to the customs union, we won't be able to do that. absolutely, this is the heart of the debate about the brexit issues. what businesses are saying is if we are outside the customs union, because we have these very tightly integrated supply chains, it will make doing business between britain and the rest of the european union very, very hard and we need to stay in the customs union to keep trading right we do now. two key meetings going on, government going to chequers to thrash out policy but also their summit chequers to thrash out policy but also theirsummit in chequers to thrash out policy but also their summit in brussels. we'll brexit be top of the agenda?

it will be top of the agenda with the cabinet but not in brussels. we often the cabinet but not in brussels. we ofte n forget the cabinet but not in brussels. we often forget in this country the european union has a load of other issues on its plate at the moment, raging from the —— ranging from the migration crisis, what is happening in italy, the eurozone crisis and how you fix the euro zone so with the exception of the island, i don't think there is another member state phone brexit is the number—i issue. that means it might limit the airtime theresa may gets at the summit. thank you very much for coming in to talk to us. let's take a look at some of the other stories making the news. two us senators have urged president donald trump to reconsider his agreement with zte, saying the company is loyal to the chinese government and poses a threat to national security. in april, american technology suppliers were prohibited from selling components to zte, after the company violated us laws by selling products to iran and north korea. google has announced the biggest—ever rebranding of its advertising software. it will discontinue doubleclick and adwords while its basic tool for buying ads will now be named google ads. the company said its fees are not changing. malaysian police say they've seized

over $270 million worth of items in raids linked to the country's former prime minister najib razak. the raid was part of investigations into the embezzlement of state funds. karishma vaswani is in singapore. tell us more about this. well, these rates are thought to have brought in a loot worth some of the biggest amounts we have seen a malaysian history. one police commissioner saying it is their biggest loot in malaysian history. police say it took three days, six cash counter machines and 22 officials from the central bank to count the money found that the premises. police have seized a total of 567 handbags, in 37 different brands, for many of our audience who may be familiar with one of the handbags, worth hundreds

of thousands of dollars, one hermes bag. 400 watches, 234 pairs of sunglasses and jewellery, 12,000 pieces, all of this worth around $270 million. so a massive amount of money. i'm sure i could make use of a handbag or two. money. i'm sure i could make use of a handbag ortwo. for money. i'm sure i could make use of a handbag or two. for now, thank you. and on the markets, asian shares were asian share were under stress on wednesday as further falls in chinese stocks and the yuan sent ripples across the region. the dow did close up. chinese blue chips sank 2.2% to be a whisker above 13—month lows as a resolution of sino—u.s. tensions remained a distant prospect. japan's nikkei had been faring better but soon succumbed to risk aversion and fell 0.3%. us stocks rebounded on tuesday on gains in the energy and technology sectors, after a sharp sell—off a day earlier on spiraling

global trade tensions. european markets not expected to see a strong bounce today, with little in the way of economic data or company news to provide any relief or distraction from the overhanging dread about higher barriers to trade. oil prices have rocketed by about 4% — after us officials said its allies should stop buying iranian crude imports by november. investors are bracing for a significant cut to the global oil supply. joining us now is co—founder and chief oil analyst at energy aspects, amrita sen. hello. what is your view on where oil prices will go, given there is this expectation of a tightening of supply? i think the only trajectory you can logically see for oil prices from here is higher. we don't think the us will be able to completely cut down at all of iran's exports, i

don't think it will go to zero but iran exported about 2000 barrels in may. we think it will fall substantially, a loss of 1.6 21.7%. we were expecting some form of waivers for all countries but essentially they are saying there will be no waivers, there will be no exceptions whatsoever, everybody has to go to zero. we were speaking to you last week at the opec meeting in geneva. it was clear they were expecting this. it is not coming as a surprise. saudi arabia kindly willing to step into the breach here? 0h willing to step into the breach here? oh yes, very kindly. like you said, when we spoke last week it was very evident the saudis were trying to pre—empt the strike, that's why they talked about the increase. on saturday they turned around and said they would do a million barrels a day. you have to think they knew this was coming. there has been

plenty of murmurings that crown prince mohammed bin salman of saudi arabia and donald trump have been in talks. there was kind of an understanding that should the us government come down hard on iran that iran would back fill it. no one knows if this is true or what numbers would be talked about. yesterday there was concrete evidence that these are very big numbers being talked about. the issueis numbers being talked about. the issue is saudi arabia have said, yes, we will produce 10.8 million barrels a day, but that... higher than may levels for what they were producing, and we are going to lose a lot more from iran. iran isn't the only issue, venezuelan is declining, angola, nigeria, and there is no spare capacity outside of saudi arabia. thank you very much for talking to us. joining us is sophie kilvert, senior investment manager at seven investment management. welcome, good morning, good to see you as ever. let's talk about currencies. we have spoken out about the markets and the big fluctuations

we have seen with fears of a trade warand we have seen with fears of a trade war and this ongoing spat and no sign ofan war and this ongoing spat and no sign of an end to it. how are currencies reacting? it is interesting, the chinese temperament has fallen on the dollar on the other side has strengthened. the dollar's strength is something we have been expecting for a while. it is not a surprise. it comes on the back of the increasing interest rates that we are expecting from the federal reserve throughout the rest of the year. i think that sort of story will continue. we will see the dollar strengthened as the year progresses. there will be that knock—on effect on developing economies. we have had huge problems those countries who have taken out loa ns those countries who have taken out loans in dollars? that is right, thatis loans in dollars? that is right, that is the real problem. countries that is the real problem. countries that are very heavily indebted, they have taken that debt in dollars as the dollar gets more and more expensive, servicing that debt will get harder and harder for some expensive, servicing that debt will get harder and harderfor some of these developing economies. get harder and harderfor some of these developing economieslj imagine with oil prices high, oil

companies are high, where share prices are concerned? that is right. we've been in situations of much of this year where we have been reasonably happy with what is going on in global growth. economies have been going along quite nicely and now we're getting a few fears of what is yet to come, how long can this sort of nice period of global growth continue? 0k, this sort of nice period of global growth continue? ok, so thick, many thanks. i note you will be back in little later in a programme to talk about some of the papers stories. —— 0k, about some of the papers stories. —— ok, so these. still to come... making the most of online photos technology can help you turn what you see into something you can buy — without knowing the details — we'll tell you how. you're with business live from bbc news. the hot weather is set to continue and it's bringing a welcome boost for retailers. ben thompson is on the piazza outside the bbc studios in salford, finding out how the sunshine influences our shopping habits. ben. he has got his legs out for us, good

morning and welcome to the costa del sa lfo rd. we are here and it is glorious weather, expected to hit 30 degrees in most parts of the country today and that means good news for the retailers. we talked a lot about how difficult it has been for them but in most parts of the country today it is hot on that is good news for retailers. we talk about how difficult it is for them but all the stuff for barbecues, meat sales expected to be up 6.97, beer sales up expected to be up 6.97, beer sales up 20% injune last year but this sort of stuff on insect spray, sun cream. so how do the retailers nick shore they get all of this right? fraser is with me. good morning. it is really difficult to get this right, isn't it a smart supermarkets have to have everything in and have a close eye of august and if they get it wrong, they'll pay a price? the whole point of this country needs to be on

the shelf and there were immediately. it might sound easy but think about the logistics. retailers need to swap out some other products get those things we want, be it chilled drinks of things for the barbecue and that means sales amid the supply chain in place. they might need to have the right chillers working. do they have enough storage space? most importantly, it is the staff to put it on the shelves because we walk in the shop and it is not there, we get disgruntled with that supermarket very quickly and next time we might ta ke very quickly and next time we might take our business elsewhere. nothing worse than a retailer that doesn't have the food. thank you. come with me, we have our very own ice cream van heerden this morning. good morning. very, very busy. the phone hasn't stopped ringing. if anyone wa nts hasn't stopped ringing. if anyone wants an ice cream. how do you know, you have to choose your pitch carefully a nd you have to choose your pitch carefully and land ? you have to choose your pitch carefully and land? you have to plan and that the weather forecast you have to nail what we do in this weather. stocking up with all the ice cream. drinks, making sure...

inaudible nice to see you. this is melting in the sun. back to you, i have my ice cream, the sun. back to you, i have my ice cream , see you the sun. back to you, i have my ice cream, see you soon. enjoyed that ice cream. thank you. welcome back. you're watching business live. our top story: business and union leaders from across the uk and europe have joined forces calling for "pace and urgency" in brexit negotiations. how often have you seen a celebrity wearing something or holding something that you really want to buy — but you're just not sure how to find out the exact details to go and purchase it? well, searching using a photo or other image is on the rise. it's predicted that visual and voice searches will make up 50% of the overall search market by 2021. pinterest users do some 600 million visual searches every month across its visual search engine lens. slyce provides technology that

enables visual searches — meaning people find products by scanning pictures they've taken or found online. and it's now used by more than 50 companies, including macy's and urban outfitters. ted mann is the chief executive of slyce. welcome, good to see you this morning and thanks for coming in this morning. how does this technology work in layman's terms? ifi technology work in layman's terms? if i saw something on the street that somebody was wearing and didn't wa nt to that somebody was wearing and didn't want to ask and took a photo what would i do? it is visual product search identifying products in the picture, so you can identify something on the street, or on instagram you can screenshot it and upload it to our retailer app, or upload it to our retailer app, or upload it to one of our apps and the technology will allow you to identify the product and buy it. when did you start developing this technology and why did you think this would be a good area of business to go into? we started the

company in 2012 and i realised, like most of us have realised, the phone has become something of a remote control for your life, you use it for everything, almost like an axillary memory bank, i used the camera library on my phone to remember everything from the parking spot at the airport to what i want to buy my kids for their birthday or christmas. what i realised was if you could give people some additional value and utility out of that, especially if you could do it ina retail that, especially if you could do it in a retail setting, you could create some incredible experiences. that is what we do for retailers, help them use this technology to power the consumer and to basically, instead of having you just take a picture and add it to the camera library, you take it to their app and you can deliver additional value. the retailers purchase your softwa re value. the retailers purchase your software and use it that way but people can take a picture and go to whatever shop it is, macy's, for example, and see whether they have it. isn't that a bit laborious because you have to take the picture and go to each shop, or provider, to look specifically for them? it takes

a bit of time rather than just uploading it and seeing where it goes and what it can find. it depends on the retailer where the problem really is, or what problem you can solve. i will give a couple of examples, you mentioned before taking a picture of a celebrity or somebody on the street. we found with tommy hilfiger, a brand that we work with, they want to enable people to shop off the runway from the fashion shows, tommy hilfiger has undergone a reticence in the last few years because of these large flashy fashion shows. gigi hadeeth launched a fashion line in london last year and we enabled them to build an app inherently built around a camera that would enable you to shop right off the runway. rather than having to wait six months for the product to get into the store you could buy it off the ru nway insta ntly, the store you could buy it off the runway instantly, see it and buy it now. want this lead to rather strange behaviour where people take photos of other people on the street rather than politely saying, "i like

that, where did you get it from?"|j will admit, that's not the way i normally do it, some people do it from your previous guests said they would go and do it now. i tend to ta ke would go and do it now. i tend to take screenshots, or upload photos. you often see it in store, in—store people often times use visual search to find and locate products in—store, or you might... to find and locate products in—store, oryou might... we work with a number of retailers around gift registries or gift lists, wedding lists, so for example a retailer likejohn lewis, wedding lists, so for example a retailer like john lewis, we wedding lists, so for example a retailer likejohn lewis, we work with retailers in the us like macy's and ed, battered beyond where you can go through the store and quickly use visual search and add products to wedding list which is another really cool use case. you have lots of competition, there are other visual search products and amazon has its own. so the competition is hot. lots of the technology

companies as well, pinned rest, google have launched similar technology. we look at it as a rising tide lifting all boats. you mentioned that stat from baidu, 50% of all searches is anticipated to be around voice and image search. winter spent that arise and if is anticipating people to do this and amazon has integrated visual search, not just into amazon has integrated visual search, notjust into the search but the camera mode of their phones, so you can do it from the phone, from the device itself its going to get more and more people accustomed to doing this and it will become more and more commonplace. it is notjust clothes, it is stuff you can see, furniture, i don't know, if you see something on tv in a tv programme, piece of furniture like that, take a picture and try and look for that as well. i love the furniture use case, well. i love the furniture use case, we work with a number of furniture retailers and you can take a picture of something that you have seen at a

friend's house or get a catalogue from a furniture retailer and scan from a furniture retailer and scan from the catalogue and using augmented reality you can see what it would look like in your room which is really cool. really good to talk to you, thanks for coming in. 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‘s business life page, insight and analysis from our team of editors around the globe. we want to hear from you too. get involved on the bbc‘s business life web page at bbc.com/ business post on twitter we are at@ bbc.com/ business post on twitter we are at @ bbc business and find us on facebook. business live on tv and online, what you need to know, when you need to know. sophie is back with us. from seven investment

management command talking about the fa ct management command talking about the fact that petrol prices are on the rise because of the oil price and some tweets have come through. the hillsborough melee, trump gets his backers, the price increase they wa nted backers, the price increase they wanted so they could start shale oil production again so that's quite interesting. above $50 a barrel, well above $50 a barrel. that is work shale oil production can start ramping up again. old—fashioned comedy says, i don't have a car, i hire one if i need to come it doesn't affect me a firms go up come it doesn't affect me a firms go up but what doesn't go up these days apart from up but what doesn't go up these days apartfrom in up but what doesn't go up these days apart from in terms? it is affecting the wider markets, we have been talking about this and shale oil production is a case in point, isn't it? it is it's always the way petrol and oil prices go up quickly but when they fall, as we saw at the end of last month, that is not reflected as quickly on the forecourts. facebook is another story in the business pages today. it is apparently laying off, or

abandoning, all of its attempts to build giant drones for connectivity. that's right, they had a plan to have these big drones that would help get wireless internet to developing countries and they are going to stop that completely. 17 employees. interestingly, google's pa rent employees. interestingly, google's parent company alphabet announced this year they would roll back their drone system. pulling back from that they say they will look at the technology underneath rather than the drones themselves. why is that? too expensive and too difficult? some of their prototypes crash which they kept quiet about and got into trouble for it. yes, i think it was maybe too ambitious. the big drones is part of the v&a's future exhibition. there is an airfield in england where you can see the first prototype drones from decades ago. now face but‘s drone is going to be a relic. another story featuring

heavily in the newspapers around the world today is about the fact that rebel wilson, the film star, has been ordered to repay $4.1 million after an appeal. she got a big pay—out following the libel case she brought against them and essentially it was for loss of earnings. it has been appealed and the appeal has been appealed and the appeal has been granted. baur wanted an interest rate of 2% on this but rebel wilson counter appealed and said it should only be at the prevailing australian bank rate of 1.596 prevailing australian bank rate of 1.5% but the appealjudge came back and said it is 2% and you've got to pay this back. she was going to give it to charity and the australian film industry. —— bauer. i'm not sure whether she had paid it out or not. i'm not sure. they haven't overturned the libel ruling, it's just the amount of money. it was a

record at the time. it was huge at the time and maybe they felt it was a bit too much. thank you very much, sophie. i'm going to give you a check on the oil price because brent crude futures climbed 601 cent from their last close to $76.92 per barrel. it seems as if they are on the up and that affects economies around the world —— 61 cents. the up and that affects economies around the world -- 61 cents. we're waiting to see if they hit the $80 again which we saw six months ago and that's when tensions started again. all eyes on that. good to see you, thank you. that's it from business live today. we will be back tomorrow with plenty more. plenty of business news on the bbc live web page. bye. bye. hello. it was another hot day

yesterday. we got temperatures widely across the uk in the mid to high 20s and the highest temperature was in fact 30.7 celsius in cheshire near a place cold altrincham. today we have more hot and sunny weather. in fact, we have more hot and sunny weather. infact, in we have more hot and sunny weather. in fact, in northern ireland and scotla nd in fact, in northern ireland and scotland it could be the hottest june day here for about 23 years, temperatures up to 30, perhaps 31 celsius in scotland and northern ireland. elsewhere you can see the reds developing, another hot one, temperatures in the high 20s. the oranges and yellows across the far east of england and eastern scotland indicating a fresher feel, temperatures about 19—21d but again, lots of low cloud and mist moving its way inland through the morning, burning back to the coast throughout the afternoon. tonight it is a repeat performance because some of

the patching mist and low cloud will move back in land into thursday morning and temperatures getting down to 10—14d so it could feel quite warm, especially initially through this evening and tonight. on thursday, well, a repeat performance if you have the cloud and mist in the morning, it will burn away. lots of us looking at sunshine again and in fact it could be a hot day in northern ireland and scotland, again temperatures in excess of 30 celsius. elsewhere, though, again, 26-29d. celsius. elsewhere, though, again, 26—29d. high pressure is still firmly in charge of the weather, that's why we have this very settled weather the moment, very little change day on day. a few changes with the wind, a bit more of an easterly direction, more of a breeze across southern parts entering friday and again some low cloud and mistiness coming in off the north sea. otherwise, though, clear blue skies again on friday and another hot one for many of us, starting to get a little fresher in the far north and north—west of scotland.

into the weekend, we are going to keep a close eye on this area of cloud and showers and thunderstorms across the bay of biscay and france. they could edge further northward into southern and south—western parts of england, south wales perhaps, later on sunday. there is some uncertainty on that. otherwise, though, the outlook for the weekend is temperatures coming down a little bit, particularly northern parts, 24 degrees in glasgow, but for many it should stay dry with sunshine throughout the weekend. bye—bye. good morning. it's wednesday. it's 9 o'clock, i'm victoria derbyshire. welcome to the programme. 50 homes evacuated and a huge moorland fire in greater manchester is declared a major incident. the smoke was really, really sort of dense and you could hardly breathe. plus, your eyes were burning as well. i'm on the front line with the firefighters as they battle to try and bring this huge under control. and the new asbos —

called comunity protection notices — we've discovered there's been a dramatic rise in prosecutions for breaching them. but why are they being handed out to stop people crying in their own home, having noisy peacocks — or even walking in front of their own house? so sheila, this is where you can't go? yes, this is the exclusion zone from here. and this is very close to your front door. i know, it's ridiculous.