this is the business briefing. i'm ben bland. tensions of trade: 620 ministers warn of a threat to global growth. the indian government slashes sales tax on more than 50 products. we'll assess the impact on individuals and the government's finances. and on the markets, asian shares dipped on fears of more protectionist measures from the united states, and the dollar fell against major currencies after president trump criticised the federal reserve‘s raising of interest rates. a very warm welcome. finance ministers from the world's 20 biggest economies have issued a stark warning about escalating trade tensions. concluding their meeting at the 620 summit in buenos aires, they said that economic growth around the world could be threatened

and they called for greater dialogue. the warning matters because the 620 represents 85% of the world's economy and two—thirds of its population. even before the meeting, the head of the international monetary fund warned it was conceivable that trade tariffs could wipe $430 billion or half a percentage point off the global economy. but since then, us president donald trump has gone further. his country imported over $500 billion of goods from china last year, and in a tv interview, he said he's prepared to impose tariffs on pretty much all of them. the imf says the us is particularly vulnerable to retaliation. the world's biggest economy could shrink 0.8% as a result of its own tariffs and those china, the eu and others have already begun imposing. daniel 6allas has been following the 620 meeting in buenos aires for us. there is plenty of tension in the

620 summit of finance ministers over the weekend. the europeans are angry with the us about tariffs being imposed on aluminium and steel. the european commission up financial and economic affairs said that us action is inappropriate and that europeans are allies and not foes. the french finance minister said that the europeans should not negotiate with a gun to their head is about the secretary of treasury from the united states said that an upcoming talk with 67 nations, there will be negotiations about dropping trade barriers altogether. 0f negotiations about dropping trade barriers altogether. of course, the g7 barriers altogether. of course, the 67 does not include china, so that suggest that the us trying to isolate the world's second—biggest economy as global trade wars keep on escalating. joining me now is seema shah from principal global investors. we won't really expecting anything

dramatic to emerge from this in terms of the escalating the trade between the us and its major partners. is there any cause for hope from the 620? partners. is there any cause for hope from the g20? i think it is important that they have come together and they are trying to speak with one voice. several small voices are never going to be as powerful. we have seen from the 620 is clear at knowledge on. the most positive thing from the weekend is about currency wars. we have had the treasury secretary saying the us is not involved in a currency war so we should not expect the us dollar to keep plummeting and there to be verbal interventions. that is important the overall global markets and currency markets. it is all very well for steve mnuchin to say that,

but if the president keeps on with his comments about the federal reserve's policy and his dissatisfaction with the strength of the dollar, we have seen the effects of that. absolutely. there is only so much the administration can say, and we have seen that over the last 1.5 years that president trump has his own agenda which he tends to push. what we can see is that it should return to economic fundamentals, the strength of the us economy compare to others, the interest rate projections over the next two years and that is what should ultimately drive currencies. there is some hope over the next year or so, we there is some hope over the next year or so, we should continue to seek the strong dollar policy, which is also driven by the economic fundamentals as well. is also driven by the economic fundamentals as welllj is also driven by the economic fundamentals as well. i suppose there will be, although the fear for some nations to ally themselves to much with the rhetoric president trump, which can be quite volatile in monetary, there are some who will share his concerns about china's trade practices and the way it that

companies are forced to partner with chinese firms and intellectual property that has to be shared, and some cases there is none taken. there is very few governments out there who would disagree that there have been some trade practices from china that they feel is unfair. there is some support what president trump has been doing and we see comment from australia over the weekend. what have people up in arms is this extension to auto tariffs towards the european union, which doesn't necessarily mean unfair trade purposes, but it suggests president trump is try to push away from just try to get fair trade, but moving towards a more significant protectionist agenda, and that can have a very serious impact on global growth. as with all from the figures, good to get your thoughts. thank you very much. the government of indian prime minister narendra modi has slashed the sales tax on 50 products. it's a move designed to boost consumer confidence and spending. let's go to our asia business hub where rico hizon is following the story. 6ood

good to see you. i suppose this is going to be welcomed by shoppers, isn't it? absolutely. it is an initiative that narendra modi hopes will appeal to traders and the middle class. when you speak to a nalysts, middle class. when you speak to analysts, they say there is an agenda behind this reduction as a prime minister seeks re—election in 2019. narendra modi will also wants to ease the frustration of consumers over the abrupt implementation of a nationwide goods and services tax a year ago that has hit businesses and the general public really hard. the band that agree to lower product such as paint, leather products, washing machines, were at 20 8%. one official said the tax cut will

certainly have an impact on revenues, but expect higher sales to offset these revenue losses. thank you very much. see you soon. now, let's brief you on some other business stories. britain's new chief brexit negotiator says the country must prepare for the possibility of talks on a trade deal with the eu collapsing. dominic raab says he's working for the best possible deal, but that the uk must have a plan in place in case one can't be reached. he also says that britons shouldn't be worried about a no—deal brexit. more signs of tough times on the british high street. research from ey shows that the number of profit warnings from retailers on the ftse have doubled in the first half of the year compared to the same period last year. 20 companies issued warnings with many of them coming soon after the all—importa nt christmas period. physical and mental exhaustion is something that most people in the start—up world can relate to.

but for ad agency boss michelle morgan, it led to burnout, and her taking 18 months off work to recover. so what happens to a company when the boss burns out? i've violently, physically and mentally burnt out. when you start a business, i think you are responsible for everything. there is a narrative around investment and scaling and brushing and speeding and growing. that is not always the definition of success. i think that getting myself out of the way was the best thing for me andi the way was the best thing for me and i also think it was the best thing for the business as well. for yea rs, thing for the business as well. for years, i thing for the business as well. for yea rs, i love, thing for the business as well. for years, i love, love, loved what i did and suddenly that was gone. i sat on my stairs and just felt like

i can't go on any more. the most important part of recovery from me was creating space. that space meant taking time out of the business and really not doing very much more, not planning very much more than that. for me, a good day was if my husband encouraged me to get out of my pyjamas, take the dog for a walk and get coffee. it wasn't really a n for a walk and get coffee. it wasn't really an opportunity for other people in the business to step up and be empowered and trusted and also the opportunity to try new things. i spent a lot of time in my pyjamas, whether it was the mental health reasons or recovering from

operations. i have given myself permission to play with a thought if idid it permission to play with a thought if i did it all over again, what would ido? i did it all over again, what would i do? this is kind of where i reached the crossroads of where brilliance meets madness because the pyjamas that literally represented everything that was holding me back the cane might inspiration. everyone in this pyjama storage as a mental health story and i wondered, could you use the pyjama kind of as a blank canvas to talk about mental health. it can be really lonely in a leadership role and i think many leadership role and i think many leaders kind of have to have that leadership mask that we put on. but we are human beings at the end of the day. that is your business briefing. see you soon. police in worcester have released cctv images of three men

they want to question after a 3—year—old boy was seriously injured in a suspected acid attack. officers say he was deliberately targeted. a 39—year—old man from wolverhampton has been arrested on suspicion of conspiracy to commit grievous bodily harm. 0livia crellin has more. police have given a press conference outside the home bargains stall where this incident happened and if we ta ke where this incident happened and if we take a listen, we can hear what they told us. i'm really pleased to say little boy has been discharged. he is back with his parents and at the moment we are uncertain as to what the extent of those injuries will be and what the long—term implications are but it is pleasing he has been released from hospital. at the moment the injuries he sustained in relation to his face and arms. you can't say whether they

will be life altering? it is too soon will be life altering? it is too soon to say. we hope as a consequence of the care he had and the response of emergency services, that will not be the case but it is to early to say. it is quite a peaceful city, it has been known according to statistics it is the fifth safest city in the uk, indeed worcester city council mark bayliss made a statement highlighting that fa ct. made a statement highlighting that fact. he said, we are a quintessential small english city. i have never heard of an acid attack in worcester so this is absolutely not something we have any experience. also, the mp for worcester has responded. he described the incident as horrific and he has been on twitter. he said: it is also worth pointing out that a home bargains spokesperson, the

store where the incident happened, has released a statement saying, our thoughts are with this young child and his family at this most difficult time. this is the briefing from bbc news. the latest headlines: prime minister theresa may is preparing for another cabinet meeting to resolve continuing criticism over her strategy. a major breakthorugh in treating malaria — the us approves a drug that can treat and cure the recurring form of the disease. canadaian media say nine people have been shot in toronoto. —— toronto. it's claimed the gunman has been killed. now it's time to look at the stories that are making the headlines in the media across the world. we begin with the arab news and the evacuation of hundreds of syria's white helmets to israel. the group calls itself a volunteer workforce that acts to save people in war zones, while syrian president bashar al—assad accused them of supporting the rebels and having links to jihadist groups. the telegraph leads

with assurances made by uk home secretary sajid javid to us attorney—6eneraljeff sessions that britian will not oppose the death penalty in order to allow two notorious members of the beatles group of isil terrorists to be sent to america. the straits times says the us and eu are refusing to back down on trade demands whilst meeting at the 620 summit in buenos aires. this follows a series of tit—for—tat measures that began with the whitehouse decision to slap tariffs on steel and aluminium imports. the ft reports brussels has rejected uk proposals on how to govern the city of london's access to the european market after brexit, saying theresa may's latest financial services plan would rob the eu of its decision—making autonomy. and, finally, could the writing be on the wall for libraries? in an article for forbes magazine, one journalist writes that amazon

should start opening their own bookstores in all local communities. the argument made is that, if you replace local libraries, you will save taxpayers lots of money, and also enhancing the value of amazon's stock. i suppose it depends. if you are an amazon shareholder it would be a good idea. with me is kulveer ranger, who's vice president of strategy and communication at atos. 6ood good morning. let's start with arab news and interesting, this passage to safety for the white helmets from international