this is business live from bbc news with jamie robertson and sally bundock. eu and chinese leaders meet to forge deeper ties as china looks to try and counter rising protectionism from the us. live from london, that's our top story on monday 16thjuly. the eu has urged china, the us and russia not to start a trade war, saying there is still time to prevent chaos as the rhetoric ramps up on all sides. also in the programme, the us says it won't exempt any industries trading with iran from future sanctions despite a plea from the eu that could keep the nuclear deal alive. and those are the markets. the ftse

is up. the ftse is up. and outsmarting trump's tariffs — we'll be talking to the boss of one taiwanese tech giant to find out how it's avoiding the fallout from a trade war between the world's two biggest economies. and england manager gareth southgate is in high demand on and off the pitch with big companies and some of the world's leading investment banks wanting to book him for high fees to talk about management techniques. yoday we want to know who would you pay big bucks to hear speak and why? just use the hashtag bbcbizlive. hello and welcome to business live. eu leaders have urged china, the us and russia not to start a trade war, saying there is still time to prevent chaos. the chinese premier is hosting an annual meeting between the eu and china in beijing as the world's second biggest economy looks at how it can strengthen its position amid rising trade protectionism from the us.

europe's single market and china are two of the biggest trading partners in the world. eu exports totalled $230bn last year, while china exported goods to europe worth $1i35bn, that's well over a billion dollars a day. china has also been buying up big in europe, last year it's foreign direct investment in the continent rose 76% to $81bn. but some in europe have been cautious of growing chinese influence. in 2016 the robotics firm kuka was bought for $5bn, the biggest ever chinese takeover of a german firm. there have since been calls to make it easier for eu states to block takeovers of firms with sensitive technology. jinny yan, chief china economist, china markets strategy.

good morning. so this gathering today, this summit between china and european union leaders, do you think it will be more significant this time because they have this common purpose in terms of the trade war going on between them and the united states 7 going on between them and the united states? there are three top issues when it comes to china and the eu. trade, investment and climate change. i think it will be the same this time around. i do not think there will be breaking news out of this summit, it is more about the consolidation of trade and investment and consensus on climate change policies. when it comes to the key issue, for europe their biggest demand is allowing reciprocal market access, which is what the us is asking for as well. will we see any shift on that? both

the eu and the us is very aware of china's rise and a level playing field is exactly what the eu wants, particularly as the us is trying to create a trade war. but what china will want to get out of the summit is that china does play by the rules. i think some sort of acknowledgement by the eu that china is perhaps willing to negotiate and play by the rules is something we might see out of this summit. do you think china will start to favour the eu?i think china will start to favour the eu? iam think china will start to favour the eu? i am thinking about the farnborough airshow and i am thinking about airbus and boeing and china saying, we like boeing, but we will go with airbus just to needle the americans to make a point. that could be a potential, but that is up to the bilateral talks between the companies themselves. but there are certainly more opportunities for european companies in the light of

the tensions with the us trade wars. however, underlying this there is a sentiment and a bit of hostility towards chinese investment as we talked about. china does need to obey by the rules and when it comes to mergers and acquisitions they will face an increasing amount of pressure as well. you get the impression that china is preventing more towards europe. last week we had premier league in berlin having meetings with angela merkel. for germany and any european country mainland china is a market they want to be heavily involved in. that is no surprise because the eu is china's top trading partner. it is a top trading destination. of course the eu is very important to china. also many of the emerging european economies are very important to chinese investment as well. always

good to see you. thank you for coming in. if we get news out of that summit we will update you. if we get news out of that summit we will update you. let's take a look at some of the other stories making the news. the us has turned down pleas from the eu to grant exemptions to european companies from american sanctions against iran. in a letter to european counterparts, the us secretary of state and the treasury secretary said washington wanted to exert unprecedented financial pressure on tehran. shares in the chinese tech giant zte have surged after the us lifted an export ban on the firm. the ban was imposed in april after it breached us sanctions against north korea and iran, forcing the firm to halt all major operations. zte shares rose as much as 9% during trade in hong kong. rolls royce has designed a propulsion system for a flying taxi, which it hopes could take to the skies as early as the next decade. the firm is looking for companies to partner with.

the electric vehicle would carry four to five people, travelling at up to 400 kilometres per hour. do you know the movie the fifth element? now, idon‘t, do you know the movie the fifth element? now, i don't, tell me about it. it is all about flying taxis. it isa it. it is all about flying taxis. it is a hollywood film. i missed that. would you go to one?” is a hollywood film. i missed that. would you go to one? i am not sure about coordinating and flying around. and hitting your amazon orders going the other way! growth in china — the world's second biggest economy — has slowed over the past three months to 6.7%. it's all as the government is trying to tackle debt and, of course, there's also the ongoing trade war with the us that we keep mentioning. sarah toms is in our asia business hub in singapore. talk us through these latest growth

numbers, interesting to get them right now. that is right. china is the world's second largest economy and we all want to hear how it is doing. but this data has come at an interesting time and the government is trying to cut its growing debt. this comes after years of spending ata this comes after years of spending at a breakneck pace on investment in infrastructure like roads and railways. now the government and local government has become more restrained with its spending and this is what analysts had been expecting to see, and expecting growth to start slowing. we are seeing that reflected in the industrial output figures forjune which matched its slowest growth rate over two years. but these numbers are also interesting because they have come out as these trade tensions with the us are escalating. we will not see any of the fallout

factoring into much later in the year. but they have released another potential $200 billion worth of chinese goods to be hit by tariffs, so it is a bumpy road ahead. thank you very much indeed. and this is what has been happening in the asian markets. looking very strong. the uk is up, the hang seng is down, and the dow is up. chinese markets were not dramatically, but the idea is we have a bumpy road ahead and we are not sure where this will take us. 0ne not sure where this will take us. one of the biggest losers was chinese enterprises. but it is not a wave of optimism exactly and there are underlying worries about what is going on in asia and the effects of

the trade war. let's have a look at what will be happening on wall street today. it is a big day for netflix. the streaming entertainment company announces its earnings later this afternoon and is expected to announce an increase in profits. now, wall street is expecting the digital home of shows like 0range is the new black to report a rise in international subscribers. the uptake is driven by original hits like wild, wild country. the streaming giant has said in the past that it would spend up to $8 billion this year on content, outstripping many of its competitors. its success so far has made it the most valuable media company in america, surpassing even disney. analysts are expecting the company to say it added a whopping 6.2 million subscribers from around the world during the second quarter of this past year. that figure is key. if the number of subscribers comes in under what analysts expect, you could see shares of netflix take a hit. james hughes, chief market analyst at axi trader.

nice to see you. good morning. in terms of the markets and the week ahead, what are you looking at this week? there is a lot going on. we have got trade wars and the obvious things going on, but there is quite a lot of focus on uk dated this week. we are still running up to what is going on in august with this bank of england meeting. at the back end of last week we saw uk gdp and tomorrow we will get unemployment numbers and on wednesday we will get inflation numbers and on thursday retail sales numbers. a sweep of good figures there would put pressure on the bank of england to say, the data is looking 0k, we are ready to put it up. do we expect it to be ok? we know unemployment is

moving in the right direction. what will be imported is whether average earnings remain above inflation. 0wning is outstripping inflation is a lwa ys 0wning is outstripping inflation is always positive, especially when the bank of england is going to raise debt payments. then the retail sales, i always think it is an important one because it shows you the behavioural patterns of people. what they are doing when they put their hands in their pockets. should investors pay attention to what is happening at westminster? yes, they should. they do not react to it? yes, because we are all bored with it like everyone else. but it is important? yes, it is important. but markets move on the back of certainty and clarity and that is the big thing. we have not had clarity for a long time. if anything last week gave us a bit more clarity. james, we will hear from you about who you would pay money to

hear speak. gareth southgate is in demand. we will talk about that later. we will talk about that later. still to come... 0utsmarting trump's tariffs. we'll be talking to one taiwanese tech giant to find out how it's avoiding the fallout from a trade war between the world's two biggest economies. you're with business live from bbc news. most businesses in britain say they're still struggling to find workers with the right skills and the problem is getting worse. business leaders told researchers from the open university that the skills shortage added £6.3 billion to their costs in the past year, including recruitment fees, temporary workers, inflated salaries and workplace training. david willett is the corporate director at the open university. why have we got this problem? good morning. i think there is a range of

reasons and the open university report tells us that 91% of employers are spending 6.3 billion on lack of skills because of increased costs around temporary workers, increased recruitment fees, and additional workplace training. employers are taking a very short term view and we need to take a much longer term view and invest in workplace training. how do you put it right? week at the open university are working with employers to develop a range of solutions. we are the largest university in the uk with over 170,000 students and three quarters of those are at work. we are working ha rd of those are at work. we are working hard with employers to design workplace training. we are seeing real shortages in the areas of leadership and management and in technology and digital and it skills. to what extent is the situation with brexit going to make this worse or better? nobody really

knows the outcome of brexit in relation to the impact upon skills, but what we do know from our research is that nearly half of the employers told us the skills crisis has got worse over the last 12 months and just over half are expecting it to get worse over the coming 12 months. brexit is one of those things that will contribute to that factor. the farnborough airshow kicks off today. it is the biggest international airshow of the year. it is expected today that to be so make the prime minister, who will be there will promise extra investment for the aerospace industry. something around the sum of £400 million. we have a team at the airshow and will bring you all the news as it breaks from farnborough. that is on the show and also on the website, updating all the time. your‘re watching business live.

our top story... the european council president has urged america, russia and china to avert a global trade conflict. chinese leaders and european leaders are meeting today. we will bring you the news as we hear it. let's move on. so far, more than a thousand products have been caught up in the trade war between the us and china, with tech firms and manufacturers particularly affected. we will look at one company now. the new kinpo group is based in taiwan and makes tech goods. it's one of the world's biggest manufacturers of desktop 3d printers and also makes so—called smart mirrors used in retail stores. with 42,000 staff around the world, and an expected turnover of $6 billion this year, it's a firm which is growing quickly. luckily for the company, its sites around the world mean its been able to move manufacturing of tariffed goods away away from china to its other plants in the philippines,

thailand, brazil and mexico. simon shen, ceo of new kinpo group is with us now. great to have you here with us in the studio. fascinating, given the times we are in with this trade war kicking off and seemingly getting worse between china and the united states. how is your business affected ? states. how is your business affected? we are different in that we only focus on china. we have more operations in south—east asia and also include brazil and the us. you make the shift in 2010. you decided actually, we're going to move a lot of our operations out of mainland china. what made you do that? at the time we had a choice of going to china or going to south—east asia. i made a choice that we should go to

thailand instead of china. going to 2010, going to china, the cost is lower but, eventually, the costs in china will come out so quickly and will eventually catch up with south east asia, so we need to move against mike at the time i decided to go to south east asia instead of china. what kind of manufacturing place is china now? is it a hi—tech manufacturing base? the costs right now in china is higher than south—east asia. we are converting manufacturing in china and going to more higher skill operations like sophisticated and complicated products manufactured in china. do you still need to be in china? there

are still things your manufacturing plants, like r.n. de. -- research and development. in some of the highly complicated things in china, we need to stay in china. back could be affected? yes. we need to consider what kind of product we need to remain in china and what kind of product we need to go into southeast asia more and the philippines and thailand. you are involved and also is a technology. you are a maker and have created allsorts of tech products like smart mirrors and 3d renting. where do you see technology going? what will be the next big thing? -- 3d printing. anybody competes in al. so,

artificial intelligence. correct. everyone knows the direction to go. we do lots of investment in al technology. we have a different manufacturing centre, only for manufacturing centre, only for manufacturing but also for research and development. we have worldwide engineers. some are in singapore, some are in china. i ask about trade flows ? some are in china. i ask about trade flows? do think in the future, in the dispute between us and china, if it continues you will see more of your business, more of your factories going to europe rather than the us? this is what we were talking about earlier. we do have small factories in poland which are manufacturing tvs. if this was going

to happen, everyone would protect their business. even the bigger factories in european union countries. in order to fulfil local policies. what technology do you think would disappear that we are busy using right now? the mobile phone you are using right now will disappear quickly probably in the next ten years. we want to work on beach technology. so, the smartphone could become a thing of the past. -- on future technology. all kinds of possibilities will come out. we just wa nt to possibilities will come out. we just want to carry on, don't we? we have to stop. it has been fascinating, really fascinating. 0n—demand electric scooter firms are attracting hundreds of millions of dollars of investment from the likes of google, but not everyone s so excited about the two—wheeled boom. 0ur north america reporter, dave lee, reports. the on demand scooter

trend is going global, thanks to more than $1 billion of investment from companies like google and uber. while you'll find hundreds of these things in oakland, in the city over the bay, san francisco, you won't find any. that's because regulators have ordered them off the streets. the scooters have provoked intense anger here, even being used as part of a protest against the wider tech industry. some residents have felt the scooters were making the streets a mess. but they will be back soon. tom maguire's team will control how many scooters can be put out around san francisco. well, we have said we will permit up to 1250 for six months and, if the first six months go well, we will double it to 2500. like so many new tech fads, this is one idea that might ride out—of—town as quickly as it rode in. james is back to look through the papers. we're going to start with the ft.

the main headliners about the us rejecting europe's sub relief on sanctions in iran. it is not too much about iran. the tariffs will go live by the end of this month. they wa nt to live by the end of this month. they want to financially hit iran but it is all about the ongoing rift between the us and europe. it says within here, donald trump ozma, and on trade issues that the usa so. —— donald trump 0zma comments. it is on the back of the continued rhetoric that will go on and on until someone bends and no one is likely to at the moment. i know you are still in mourning about the fact that england did not get to the final. mourning about the fact that england did not get to the finallj mourning about the fact that england did not get to the final. i almost wore all blacks today. i'm wondering where your waistcoat is. they have all come home as heroes,

particularly gareth southgate, the manager as it work huge demand for him as an after—dinner speaker now. just talk through this. business wa nts to just talk through this. business wants to pick his brains on his management skills, his motivational skills. gareth southgate was a premier league footballer. premier league footballers are not always said to have that much in the way brains or the ability to speak. every time gareth southgate speaks, whether in a press conference interview, he comes across amazingly well and grabs your attention. you can see why he is in such demand. any management company is saying he could charge up to £100,000 for an after—dinner speech. could charge up to £100,000 for an after-dinner speech. what about what he says grabs the attention? he speaks sensibly about the game expectations. it is not managing the expectations. it is not managing the expectations of the players but of the country as well as at the same time building our excitement towards

it. that is incredibly difficult, to move through in that way. suzanne is saying how much with big business pay for the french football managers to share his management and motivational advice, i wonder? to share his management and motivational advice, iwonder? they are the world cup winners. we have also heard from others. some are saying they would not pay anything. 0thers saying they would not pay anything. others are saying i would quite like to hear from tony blair. others are saying i would quite like to hearfrom tony blair. i believe he is available but that would be a lot of money to hear him speak. 0ther any bits of advice which are worth the money, do you think? exa m ples of worth the money, do you think? examples of behaviour rather than words. gareth southgate can help you. they want to hear about leadership from him and that is the key point at the moment. maybe they could speak to theresa may and the engineers. that's it from business live today. halai oh. we had a pretty hot and

sunny weekends across england and wales. —— hello will stop a fresher feel across scotland and northern ireland. some cloudy skies with outbreaks of rain in the far north—west. the cold front is moving eastwards. behind it, the blue colours are coming from the north west. ahead of it hit will remain dry and sunny. this is the position of the rain for the morning. it will break up into the afternoon to some heavy showers. temperatures will be lower than they were yesterday, particularly in the north west of england and wales. the dark oranges and the reds towards the east, indicative of hot weather with

temperatures getting up to 26 in hull and 29 temperatures getting up to 26 in hulland 29 in temperatures getting up to 26 in hull and 29 in london. as we go through monday evening and overnight, the showers will continue for a time. eventually they will start to clear their way north east up start to clear their way north east up into the north sea. then we're looking at clear spells with a few showers in the north west of scotland. temperatures down to 12, 13 in the north west. still uncomfortable sleeping with temperatures remaining in the mid teens. through tuesday, plenty of dry weather tuesday with some sunshine. a few showers developing in the north, mainly north—eastern parts of england into the north—east of scotland. 0therwise cloud will build up. the fresherfeel. temperatures coming down a touch. temperatures coming down a touch. temperatures very similar to today across the north and the west. in the mid to the end of the week high pressure is dominating things. plenty of dry weather in the

forecast. some showers popping up here and now which will be hit and miss. 0n here and now which will be hit and miss. on wednesday and thursday it will be dry for most of us with sunny spells. after the fresher feel tomorrow, temperatures starting to rise again by the end of the week. to recap this week it will feel fresher compared with a weekend. plenty of sunny spells and the chance of a few showers here and there. on the whole it will remain quite dry. that is it from me. have a good day. goodbye. hello, it's monday. it's 9 o'clock, i'm victoria derbyshire. welcome to the programme. another blow for theresa may's brexit plan. her former education secretary, justine greening, joins calls for a further referendum. my my view is you are probably in or you are out, but what we cannot be is one foot in either camp. but what we cannot be is one foot in either camp. tell us what you think.

do you want a second referendum? a british model, who was kidnapped and drugged after being lured to a fake modelling assignment last year, tells us exclusively that she made her captor "fall in love with her" to try to secure her release. why would you be off with a person who is starting to have feelings for you and you are relying on that to release you.