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tv   BBC Business Live  BBC News  September 11, 2018 8:30am-9:01am BST

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this is business live from bbc news with ben thompson and sally bundock. google launches a major battle to stop the eu extending the "right to be forgotten" beyond europe. live from london, that's our top story on tuesday, 11th september. the eu says everyone around the world should have the right to take down out—of—date online personal information. but google insists that could infringe us laws on freedom of speech. also in the programme... the wheels of brexit keep turning: the uk prime minister meets car industy leaders to talk about britain outside the eu. and a mixed bag of markets — with little clear direction. after yesterday's uk growth figures — unemployment and earnings numbers will dominate today the need for speed.
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the uk boss of telecoms giant 02 is here to tell us why he thinks 56 is the future. an auction of furniture owned by sir rod stewart takes place today. more than 60 items are up for grabs as he looks to "downsize". is now the time to "declutter"? what would you get rid of in a big declutter? let us know — just use the hashtag bbcbizlive definitely those tables! google is launching a major fightback against eu moves to extend the right to be forgotten beyond europe. it's a case that could have major implications for tech companies — and beyond. the right to be forgotten allows european citizens to ask tech firms to remove out of date online personal information. in 2015, france s privacy of date online personal information. google to apply this to all its sites around the world. france says that the right to be
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forgotten becomes meaningless if it is not applied universally. if google complies with the french ruling, it risks falling foul of us free—speech laws — and could see american courts issuing injuctions to stop the removal of content. but if it doesn't comply, it could face eu fines — amounting to as much as 4% of the company s annual world—wide revenue. (throw t0 pres r) if google complies with the french ruling, it risks falling foul of us free—speech laws — and could see american courts issuing injuctions to stop the removal of content. but if it doesn't comply, it could face eu fines — amounting to as much as 4% of the company s annual world—wide revenue. with me is oliver smith, senior reporter, forbes europe. france is trying to achieve quite something here in terms of law, talk us something here in terms of law, talk us through in terms of lot fozz happening. at the moment, the right to be forgotten covers you in your own country, if you're not happy
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with something you can challenge it. if the law changes it means you can challenge that notjust in your own country but anyone who googles you anywhere in the world has huge implications, people are worried about countries less democratic challenging to get things taken down and want something is taken from google it essentially disappears from the internet, that's the real worry with what france is doing. from the internet, that's the real worry with what france is doingm terms of how this will go, the appeal, what do you think will happen? it will be a long time until we know what will happen, people say it will last about a year, it's too early to say but as proceedings start today we should get an indication from google about what their argument is and why they don't think it should be expanded. what are the broader implications, we are talking about google and its case but in terms of the wider implications for the tech industry? it's the conflict between privacy and free speech, google has always been a champion of free speech, that
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core american value, in europe we tend to hold privacy to a higher level and we are seeing that layout on the world stage. i think that's the real conversation that's going on. for google as well, if it doesn't get its way it could be very costly in terms of the money may have to pay out. absolutely, they get millions of requests already in the last few years to take down information. this is extended worldwide that number could rise massively and they could have to hirea massively and they could have to hire a lot more people to deal with requests. presumably it's notjust google keeping a close eye but the likes of facebook, twitter, many other social media rivals? social networks and search engines, they will be all impacted by this if it changes which will have to see what happens. oliver, thank you so much for clarifying what is a pretty complicated story but we will keep across complicated story but we will keep a cross every complicated story but we will keep across every twist and turn and update you when necessary. let's take a look at some of the other stories making the news.
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efforts by the boss of telsa's to streamline production have come down to the paintwork. in his latest tweet, elon musk says the electric—car maker will now ditch two of seven colours offered to buyers to simplify manufacturing. obsidian black and metallic silver will only be available as a special request and will cost more. i'll have to change my order it then, won't i? snapchat owner, snap is losing its chief strategy officer. imran khan is the latest executive to leave the company, which is struggling to keep users following the controversial redesign of its app. last month, snap posted its first drop in daily users and it hasn't made a profit since its wall street debut. canada's foreign minister will meet us trade representative robert lighthizer in washington later today to resume nafta trade talks. the two officials left the bargaining table on friday without a deal after two weeks of negotiations. canada and the united states are trying to resolve differences
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over the trade agreement, which also includes mexico. there's a big deal injapan. and we're not talking about our very own sarah toms — but she has the details. in our asia business hub in singapore. this relates to chips for cars? it's all in the hope that this will help boost expertise in the car industry and that's particularly the next generation car technology. both these companies are chip—makers, as we know but there is some overlap between the products they both make, it's the second biggest supplier of chips used in cars, and idt gets most of its money from chips in high—performance computing, radio—frequency devices and data
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storage. these are all vital to making self driving cars and also driver assisted cars and this is really what the company is interested in. the company says it will pay for idt with about $6 billion in bank loans and the rest in cash and it lands to get approval and hopefully close the deal by the end ofjune next year. and hopefully close the deal by the end ofjune next year. sarah, thanks very much, does show quite how big the market for driverless cars could be when the firms finally crack it. let's show you what's happening in the markets. in the us, ongoing worries over trade disputes prevented any meaningful gains on the markets. it was a mixed close for wall street last night. the s&p manged to end its four—day losing streak, closing only marginally higher. the nasdaq got a boost after those tech sell—offs of late, but the dow closed 0.2% lower on the day. in the uk, investors keeping an eye on wage data.
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whilstjune s wage growth was disappointing at best, expectations are for average weekly earnings to have increased to 2.5% in the three months tojuly, up from 2.4% injune. but, with inflation at 2.5%, it is clear that the squeeze on the consumer is still there. that will figure in discussions at the bank of england ahead of its rate setting meeting on thursday. more on that in a moment, but first samira has a look ahead to what's happening on wall street today. tuesday marks the 17th anniversary of the september the 11th terrorist attacks and us markets will observe attacks and us markets will observe a moment of silence to commemorate those who died. the us labor department will be reporting onjob
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openings and turnover for the month ofjuly, this is different than the monthlyjobs report which shows the number of new jobs created. monthlyjobs report which shows the number of newjobs created. it's expected that there were about 65 6 millionjobs open for the expected that there were about 65 6 million jobs open for the month of july. million jobs open for the month of july. lovely to see samir back. part of our team july. lovely to see samir back. part of ourteam in july. lovely to see samir back. part of our team in new york. joining us is maike currie, who's the investment director at fidelity international. here in the uk a lot of data out today. focus on the jobless numbers and wage growth, even though unemployment in the uk is at a record low, the lowest since 1975, wage growth isn't picking up. back injanuary wage growth isn't picking up. back in january wage growth stood wage growth isn't picking up. back injanuary wage growth stood out wage growth isn't picking up. back in january wage growth stood out to find a present, injune to .4%, that's the big headache for economists, why isn't there a pick—up in wages even know what people are in work. as i touched on
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that, it will figure in the discussions on thursday and the rate—setting committee meets. were not expecting a move in rates because they raise them in august to three quarters of a present. any interest rate increase would have to be addressed. we saw discussions about an increase because there were better than expected results resulting from the world cup and there are things going on in the global economy, emerging markets, those are the type of things the bank of england will keep a close eye on, and breaks it is a big concern. let's talk about brexit, the pound really strong in the last 24 the pound really strong in the last 2a hours, on the back of comments from michel barnier and the eu that he believes a deal could be done in 6-8 he believes a deal could be done in 6—8 weeks. he believes a deal could be done in 6-8 weeks. mixed signals on brexit, michel barnier being a lot more positive saying we could see a deal by november but then we have this political ructions going on, tory
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mps could vote against theresa may and the chequers deal. still a lot of uncertainty. don't we know it! thank you. we'll talk more a little later. still to come... lightning fast internet: will 5g really revolutionise your online experience? the uk boss of 02 willjoin us in a few minutes to explain why he thinks it will. you're with business live from bbc news. in the last hour, sports fashion retailerjd sports has reported a 3% rise in like—for—like sales. pre—tax profits jumped 19% to almost £122m. let's get more with laith khalaf, he's senior analyst at investment firm hargreaves la nsdown. he's joins us now from bristol. how are they managing to pull this off when many of their rivals are
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battling to stay alive, but its real survival alper, isn't it? very battling to stay alive, but its real survivalalper, isn't it? very much so, they are bucking the trend, a lot of sales growth that we have seen comes from online sales channel which shows the importance of having the store and the digital experience available for customers. and also expansion outside the uk as well. particularly in the us, they'd had a recent acquisition. a real bright spotin recent acquisition. a real bright spot in the uk retail space. and a bit of a meteoric rise for the share price this year, looking at the numbers, up 50% over the last year, 110w numbers, up 50% over the last year, now matching marks and spencer in terms of market valuation? that's right, derry interesting point you make, it's knocking on the door of the ftse 100, make, it's knocking on the door of the ftse100, the next reshuffle, keep your eyes out, jd sports might go keep your eyes out, jd sports might 9° up keep your eyes out, jd sports might go up and marks & spencer is on the cusp of going down and being relegated to the ftse 250. jd sports
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has done well, cut down on discounting, more margin improvement flowing through. and that international expansion means it has room to grow from here as well.|j have to say i know this company well, i have three young boys who love their sports you —— sports gear and every time i go it costs me and arm and a leg, i'm not surprised they they are doing well but it is a cut—throat industry. how are they going to keep it up? that's a good sign, they know their market, they have a wide number of different brands that they appear to customers through. if you look at what they are saying, they say probably the store openings in the uk are going to stay the same, we're not expect any expansion in the uk so the real growth we think is probably going to come from the digital channel and also in the us and the asia pacific region as well. really good to see you, thanks for explaining all of
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that, much more on debenhams, who have brought forward their trading statement this morning after the chaos over the weekend. statement this morning after the chaos over the weekend. your're watching business live — our top story. google is launching a majorfight against moves by the eu to extend the "right to be forgotten" beyond its borders. the eu says everyone around the world has the right to the removal of out of date online personal information. google warns the move could put the company in conflict with us free speech regulations. a quick look at how the markets are faring. we have mentioned some of the big movers. hire a little elsewhere in europe but no major moves at this point. now let's get the inside track on "fifth generation" mobile internet. because there's a global race to roll out this superfast web technology. it promises download speeds 10 to 20
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times faster than we have now. and it's expected to have launched in most countries by 2020. one telecoms firm is trying to keep ahead of the game: in april 02 announced it is launching 3,000 5g sites across london. and to tell us more, joining us is mark evans, the chief executive of o2. good to have you with us. many i'm sure listening to that introduction will thank hang on, i'm battling to get 3g, what you mean five g? explain what it will bring and what it promises apart from speed. we are a nation that loves technology and mobile is at the centre of that, we use our phones for banking, shopping, watching tv, so much more than me ever envisaged and with five g that will enable us to have even faster more resilient connectivity across the uk. let me give you a couple of examples that i think will light up with five g. rob is
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research earlier this year that said if we put five g into the fabric of society that my top is reduce commuter times, i'm sure you and i would benefit from that word would help the nhs reduce the budget by remote health monitoring. so i leave the mobile phone used to be used for just calling and so much more, will continue to broaden its role in our lives. is there enough investment in making sure this is universal because it's all well and good talking about 3000 sites in london, clearly there is a lot more demand in big cities but as sally touched on, it's all very well people talking about five g but if i can get it, what's the point? it doesn't mean by the way we are taking our eye off the ball for ag, we've invested £2 billion of private honey in the last two years, more than we've ever done in our history and the public is feeling the difference, they bolted us as the best network coverage provider in the uk, i have empathy with customers who don't have the signal
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they deserve and we need to do more but we are excited by new technology, we have our i am not. what does it take to provided across—the—board, it's what does it take to provided across—the—boa rd, it's not what does it take to provided across—the—board, it's not about what you are investing it's about what you are investing it's about what the government is doing as well. right at the heart of whether well. right at the heart of whether we can turn five g into a true success with the uk is true collaboration. we need to hearfrom businesses about how it would like to use the tech to improve performance, the government about how we can improve planning rules to get a ccess how we can improve planning rules to get access to build technology and is never providers we have a role to play as well. let's talk about some of your rivals, it's a cut—throat market and it always used to be about call costs and we know we are making fewer costs and everything is about data. vodafone recently announced free roaming in 77 countries, ee offering free upgrades. how would you keep customers coming back to you when it comes down to essentially cost but service? and they're both important, i think we recognise that but we
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also believe trust in today's world is really important. as a provider we only on the operator to guarantee you won't spend a pound more than you won't spend a pound more than you need to on your device, will automatically reduce your bills at the right time, no other competitor will do that, will continue to build you and we give you the control and flexibility so you can move your tariff what your usage whenever you need and that flexibility and control and trust we believe is exactly what customers want. one thing people will ask given brexit, people aren't benefiting from the minute is free roaming comic that was an eu directive, travel anywhere in europe and you can use the same package you do at home without any extras? well that apply after brexit? you're correct, we want to give businesses and customers peace of mind, none of us know how this will play out but what i will say on behalf of o2 is we will work tirelessly to ensure that they can have fantastic value from their mobile and i hope that means we can
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still protect free eu roaming. that's a kind of watch this space and to, isn't it? it is because of course much depends on how networks around the world will want to operate. i'm committed to doing the right think per customers add like to see a european networks do exactly the same. we are running out of time but this issue of trust is paramount as you say, last week british airways had a huge data breach in pact and many, many others customers, is that the main thing that keeps you awake at night, what are you most concerned about? it's a real concern for businesses, the importance of protect and customer data is paramount. we have to continuously work at protecting that, encrypting data for we can but of course no one. the hackers, we've just got to continuously up again, day after day. nice to see you, come back and talk to us, i think that roaming thing is something that will resonate with lots of people
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watching, the idea we've got used to it now, we can use it abroad for free, the idea of a going away might get lots of people. put your phone some are you can't hear it. your very good at putting technology in draws. iam! speaking very good at putting technology in draws. i am! speaking about drawers. leopard—skin furniture! an auction of furniture owned by sir rod stewart takes place later on tuesday. more than sixty items are up for grabs — including armchairs, side tables and bookcases. it's believed sir rod decided to have a clearout after recently moving home. the bbc‘s tim allman reports. # wake up maggie, i think got something to say to you. legendary singer, knight of the realm, but everyone has to downsize eventually. sir rod stewart reportedly put his home up for sale last year, and what do you do when you move house? you get rid of some of the clutter. dozens of household items will go under the hammer, so what's on offer? for starters, there's a pair of gilt bronze mounted side tables, estimated to be worth £2—3,000. and how about a teak
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lounge arm chair? a snip at £350, and appropriately enough it comes with a faux leopard skin cushion. do you think it's sexy? # you wear it well.# wear it well, sell it well, this should be what the auctioneers have described as a good old fashioned clear out. tim allman, bbc news. you have your eye on the fake leopard—skin cushion, if you have your eye on that, you are up against them. you can put all your awards on them. you can put all your awards on them. memorabilia, from sir rod stewart, what do you reckon, are you interested ? stewart, what do you reckon, are you interested? i think i will pass. do we have tweets from viewers? talking about the story. you can move for
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brexit stories. this is a story that cadbury owners stockpiling ingredients and also finished product in case of a hard brexit. explain this. the owner of cadbury, the spin off from craft, you remember craft to cover cadbury in 2010 are quite worried they won't have all the products they need to create the biscuits and confectionery they create so they are stockpiling. there's a limit to how long they can stockpile given the nature of what they produce but there is a concern from this company that they won't have the products to create what they need to. the brexiteers will probably be moment less as fear mongering, bombay, but then the remainder is well said this isa then the remainder is well said this is a threat to business because they need to have a supply chain they can rely on, if they don't have the stuff to go in the products they can make them. absolutely and the threat ofa make them. absolutely and the threat of a hard brexit hasn't gone away, it's become more real as we approach, companies need to put
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measures in place to prepare. as you touched on, some of this food has a long life with sugar, cocoa, but fresh produce and we know about medicines and things, we talked about that before, those are the real concern, perishable things, things and i demand, the concern about getting those in. if you go to the supermarket and you buy fresh fruit and look on the packaging you know a lot of what we consume in the uk is imported from across the world. the kind of eu barriers come in and there's no free movement of goods there will be a need to either stockpile but somethings you can't. while you been chatting i've been finding the tweets. well done. we asked you what you would like to get rid of if you were going to the clutter, downsize, like sir rod stewart. one viewer says my kids, they're old stewart. one viewer says my kids, they‘ re old enough stewart. one viewer says my kids, they're old enough to move out, they would reduce our clutter by some 70%. good point. many have got kids
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living in, lots of you have said books, i have far too many books, books, i have far too many books, books that i've read and cds. no one wa nts to books that i've read and cds. no one wants to throw them away, throwing away a book or donating a book and magazines. because you think you're going to read them and you never do. what do you need to get rid of? close, i think when the season changes you've got to get the big black bag out and go to the charity shop. i'm assuming you have a lot of toys, you have a toddler. mountains of toys. i did a de—clutter at the weekend, three sacks full went to the charity shop, it felt fantastic. we've got someone here noticing them has man flu. thanks for that. thank you. after that he's going home. getting under the duvet. we've heard from others who say there is one viewer who said he had a lot of clutter that he inherited from his grandfather and he cannot get rid of it. that's very true, people
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struggling, things that emotionally meana struggling, things that emotionally mean a lot. quick word, let's talk about theresa may meeting car industry officials later. talking about a no deal and what that would mean for industry. what she wants, the uk to lead on zero emissions, so she wants the car manufacturing industry to be at the forefront of technology, the car manufacturing industry is saying wait a minute, what about brexit because if we crash out of the eu, what does this mean for components, british parts can be included in cars and manufactured in the eu? a lot of thoughts were that industry specifically. i've been saying they are the most concerned. they'd been very vocal. thank you so much. i'm off to lie down. get well soon. he might not be here tomorrow but i will be. we'll see you soon. goodbye! good morning. we've had a pretty
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mild start of the day, temperatures into the mid—, high teens are ready, rain affecting many northern parts of the england and wales, moving south today, some sunny spells and showers following on. the cloud and wind coming from the west, this atla ntic wind coming from the west, this atlantic air stream bringing the cloudy skies, rain to northern parts. associated with this weather front, cold front, moving south, what you see are both white lines quite close together, the street date today, some fairly strong winds especially in northern parts this afternoon. the rain moving south into the south midlands, bristol channel area, towards norfolk, to the south of that, remaining dry and bright, to the north sunny spells. these black arrows at the gusts of
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wind, could reach 60 miles an hour across the north west of scotland. temperatures for many about 15—18d, holding onto the ones in the far south at 23. overnight tonight, the rain continuing across the south, more showers pushing into northern and central areas overnight, still quite gusty conditions especially in the north. temperatures similar to last night across southern parts, in clearing skies, it will be a chilly start to wednesday. during wednesday this weather front, cold, start to wednesday. during wednesday this weatherfront, cold, producing cloud and rain, the boundary between the warm and cooler air to the north, at cooler air will continue to bring in some showers in the west of scotland, sunny spells were many parts of the uk on wednesday, just the far south remaining quite cloudy, some rain at times in the south—east. much cooler, fresher feel with temperatures reaching 16
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degrees, temperatures elsewhere 15-17d. into degrees, temperatures elsewhere 15—17d. into wednesday the cold front, sorry, into thursday, the cold front moving south, clearing, for many of us left in this day of sunshine, some showers across scotla nd sunshine, some showers across scotland and northern ireland, perhaps into north—west england, but really foremost, a dry day, little bit warmer in the south, more in the way of sunshine compared to tomorrow. elsewhere temperatures fairly similarat tomorrow. elsewhere temperatures fairly similar at 1a—18d, tomorrow. elsewhere temperatures fairly similarat1a—18d, going tomorrow. elsewhere temperatures fairly similar at 1a—18d, going to the end of the week some rain at times, plenty of dry weather be enjoyed. good buy. hello, it's tuesday, it's nine o'clock, i'm victoria derbyshire, welcome to the programme. in the states, hurricane florence is set to hit the east coast of south carolina in the coming days — more than a million people have been told to leave their homes. north carolina is taking hurriacane florence seriously seriously and you should too. get ready now. we'll have the latest
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atjust after 9.30. the government's failing to protect thousands of children — including british ones — from trafficking. that's according to a new report which claims victims are only helped once a criminal offence has been reported. this woman was trafficked to the uk when she was 1a. i was a slave because i had to do things, you know, unpaid job, and then on top of that i was limited of the things that i felt
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