is this is the business briefing. i'm sally bundock. the world will become a "poorer and more dangerous place". that's the risk of a trade war between the us and china warns the imf. and from the paris motor show our roving reporter strikes up a conversation with the man driving vietnam's carmaker vinfast. the financial markets, the sharemarket in asia, some of them have hit lows. japan down over 1% as the concerned over at trade wars in china continued to worry investors. trouble in paradise. the world bank and the international monetary fund are in the resort of bali, indonesia, to present their global economic outlook. the mood is one of trepidation, as threats to the global economy that once felt remote are now becoming more real.

the imf‘s world economic outlook report predicts global growth will be less bright for this year and for next, falling to 3.7%, down 0.2% on earlier predictions. one reason for concern is that the size of global corporate debt in both the private and public sectors, now stands at an all—time high of $182 trillion, according to the imf. that's a jump of 60% since the 2008 financial crisis. the us federal reserve has been raising interest rates to try to stop the us economy from overheating, but it's causing difficulties elsewhere in the world by making it more costly to pay off debts held in dollars. the effects have been felt in

emerging and developing economies. both argentina and turkey saw their currencies plunge against the dollar following concerns about their financial health. then there's the trade dispute between the us and china, which shows no signs of abating. let's get more on this story from our asia business correspondent karishma vaswani, who's in bali for us. tell us more about the global outlook and to what extent it is more gloomy than the previous one? sally, the international monetary fund released its world economic outlook, its assessment of the global economy about 3/2 hours ago here in harley and they were very clear. in the language it used in the world can —— economic outlook, they said there are clouds on the horizon for the global economy and

one big main reason for that, it was what you are saying earlier, trade tensions between the world's two superpowers, the us and china. the imf has downgraded its forecast for economic growth to 3%% but has also downgraded its forecast for the us and china because of the strait tensions. for this year and next year, even though it says these tax cuts are benefiting the domestic economy in the united states moving forward , economy in the united states moving forward, the trade tensions will be a drag on economic growth for the united states. the other thing i thought was quite interesting in the economic outlook i the imf was the fa ct economic outlook i the imf was the fact that we are singing, they are very concerned about, the fracturing of the multilateral trading system. the international architecture and framework, if you will, about how the world has been kept in prosperity for the last 60 years or so and that is a major concern, the imf says, something that needs to be

fixed, not scrapped. they are looking at global growth at 3%% this year and next year. i know the uk and some economies would love that statistic. they did point out they are concerned about the uk and the eurozone. they are in deep. they downgraded their forecasts for the eurozone slightly. funnily enough, the uk have kept growth forecast at 1.496 the uk have kept growth forecast at 1.4% this year, 1.5% next year, but at the top of everybody‘s mind is what happens in the event of a no—deal brexit. the imf was facing its assessment on the uk's economy, for the uk's economy, on the condition or assessment that some deal would take place, some sort of negotiation would take place. here is what the chief economist of the imf had to say when i asked him what happens if there is no deal. we assume that it will because that is in the interest of all parties. as

we know, sometimes parties cannot agree and they further worsen situations. if brexit turns out to bea situations. if brexit turns out to be a hybrid of some sort, that would disrupt supply chains throughout europe, throughout customs clearing and it could have fairly big effects. as you can see, there are a lot of concerns going ahead for the uk economy and it is notjust the united kingdom, it is the entire world at this point, sally. i think that was the underlying message from the world economic outlook. six months ago we were in a much healthier position and a much better position in terms of how the global economy was doing. now we are in a situation where rising interest rates could affect many developing economies out in this part of the world, in particular at a time when trade tensions continue to escalate. thank you for now. to keep across what is happening,

follow her on twitter and she will keep you right up to date. google is shutting down its much of its social network, google+, after user data of up to 500,000 people was exposed. the company said a bug in its software meant information that people believed was private had been accessible by third parties. the company knew about the issue in march, but did not inform users or regulators. dave lee reports from san francisco. the news that google+ shutting down wasn't particularly surprising, many people have predicted that the network was on its last legs, barely anybody was using it to. but the manner in which it has been shut down is surprising. google coming out and saying that they audited third—party applications and they discovered several situations where it would have been possible for third parties to get access to information that users had thought was private. what google said was

that they didn't think that issue crossed the threshold where they had to disclose it to either regulators or indeed, the public. is not until now that we are hearing report from the wall streetjournal, that we are first hearing about this data being exposed and google, as a result, has simply said you know what, google+ isn't working, we are going to shut it down. people haven't been using it down. people haven't been using it for some time, it is no big loss to google or the regular people that use the internet. starting up a new mass—market carmaker is no easy task, just ask tesla. but that's what vinfast is trying to do. it's a vietnamese business, a subsidiary of the vingroup conglomerate and it's showing off its first ever designs at the paris motor show. our correspondent theo leggett has been finding out more. this is one of the freshest and newest cars at the paris motor show, the vinfast luxury sedan. and over here we have its big brother, the lux suv. these cars are built by vinfast,

a start—up in vietnam, using chassis is built by bmw, and an austrian company is already involved, and the styling is from italy. here is the chief executive of the company. tell me, first of all, vinfast, where does it come from? so to understand vinfast you need to understand the group, it's the largest conglomerate in vietnam, whether it is real estate or retail, healthcare or hospitality, agriculture or education. it is in the lives of the vietnamese people. out of that conglomerates, vingroup, is born vinfast, the first domestic automobile company of vietnam. and initially you

are planning to make about 300,000 cars a year and sell them the vietnamese people. the capacity of the plan we have industrialised as 250,000 units per year on a pre—ship basis. our initial focus is on vietnam. and what happens from there? will you expand to a more international market? we made it clear yesterday at our introduction that our goal was to be a global round, with our vinfast brand in markets around the world. so we start in vietnam, we move through asean, and from there the rest of the story will be created. in terms of where and when, that is not for today. i would say stay tuned. it is a very ambitious plan but what you have is really two older bmw designs reinvented with the help of annual the help of other partners. what we have done in 24 months is what most oems do in 60. a desire to create rivals everyone else in the world, so we use technology from bmw and used engineering partners to actually create these two beautiful, aspirational products. while we are doing that, we are building the internal

capability to develop our own products long—term. but the need to do this quickly, manifested itself in this enterprise relationship with partners. we think it is the right recipe and we think the products speak for themselves. we think we have done a really good job. that's it for the business briefing. we will discuss the global media in a moment. prison officers in england and wales are to be issued

with canisters of a synthetic pepper spray to help deal with violence and disorder. the announcement came as the president of the prison governors association, andrea albutt, accused the government of failing to react in a timely manner to the crisis in jails. our home affairs correspondent danny shaw has all the details. it has been used by police to years, and our present officers will be carrying one too. this is the latest bit of equipment to help staff deal with violence behind bars. and this is how the pepper like spray works. stop what you are doing! we were given a demonstration at this prison, one of four jails given a demonstration at this prison, one of fourjails where it is being trialled. the chemical causes ie irritation and coughing, giving staff time to get the prisoner under control. ministers say the spray acts as a deterrent and could even save lives. if the president were in a horrible situation, stamping on another

prisoners had, for example, that might bea prisoners had, for example, that might be a situation where instead of reaching for a daytime or waiting for backup, given may well want to say stop doing that, i have some pepper spray. prison officers in all aduu pepper spray. prison officers in all adult male prisons will now be equipped with it at a cost of £2 million. but some say the relationship between prisoners and staff is the key to good order and that means far greater investment. is 0k that means far greater investment. is ok having spray, body worn cameras, we have lots of things in place, but we need more people in our prisons to build those relationships to make our prisons safe. it will be widely available from next year, but it will be assessed before a decision is made before allowing staff to use it in women's prisons and youth custody centres. this is the briefing from bbc news. the latest headlines: president trump has apologised on behalf of the nation to his new supreme court justice, brett kavanaugh,

for the pain he endured over allegations of sexual misconduct. the second suspect in britain's nerve agent attack has been named as alexander mishkin, a military doctor working for russian intelligence. hurricane michael lashes cuba. it's set to strengthen as it heads towards florida, bringing life—threatening storm surges. now, it's time to look at the stories that are making the headlines in the media across the world. we begin with the gulf news, and a warning from the united nations who say avoiding global climate chaos will require a major transformation of society and the world economy that needs to be unprecedented in scale. the ft leads with china who has

accused us president donald trump of engaging in misguided actions. the paper says the mounting tensions between the world's biggest economies could threaten to escalate the current trade war into a broader regional confrontation. telegraph business section looks at italy, which they believe could could be on the brink of a dangerous banking crisis following a recent showdown between eu authorities in brussels and the italian government. the country's borrowing costs have now risen to a 5—year high. the guardian looks at social media giant facebook whose uk tax bill has tripled to £15.8 million. however, despite the increase in the company's bill, it will still only have to pay {7.4 million, which is less than i% of its total sales. and, finally, the mail online reports on the french capital of paris, which has decided to ban cars from the city centre on the first sunday of each month. cars will be barred from the ist,

2nd, 3rd and 4th arrondissements beginning this weekend. paris, which already holds an annual car—free day, is the most polluted city in western europe. who knew? with me is lawrence gosling, who's editor—in—chief of what investment. this time yesterday, we were live to south korea, that because they held the intercontinental permit the climate change. it is extremely worrying and damning report that came out. unless we make serious changes to our lifestyle, our behaviour, government