this is business live from bbc news, with ben thompson and samantha simmonds. the co—founder of microsoft, paul allen, has died at the age of 65. tributes pour in from across the tech world. live from london, that's our top story on tuesday the 16th of october. bill gates has described his life—long friend paul allen as a pioneer, saying that personal computing wouldn't have existed without him. also in the programme... google‘s boss gives more detail of its plans to re—enter china — a market it abandoned over censorship concerns. markets are focused on events in italy today, where the government is set to approve a new budget for next year. it's hoping the eu will avoid a confrontation over its high debt levels and promise to borrow even more to pay for election promises.

firms have never had more information about their customers. we speak to one company that polices how firms use date. polices how firms use data. it's world food day and we look at a novel way of making flour — made using insects. today, we want to know — would you eat bread made of crickets? let us know — just use the hashtag #bbcbizlive hello and welcome to business live. microsoft co—founder paul allen has died at the age of 65. he had cancer. mr allen made his fortune at the software giant and went on to own several top—flight sports teams as well as becoming a leading phila nthtropist. according to forbes, he was the 21st wealthiest person in the world. dave lee reports from san francisco. paul allen and bill gates were childhood friends and they created a company that

brought personal computing to the masses. it was mr allen that convinced mr gates to drop out of harvard to devote his time to microsoft, a decision that led to both men becoming among the richest in the world. as mr allen prepared to leave the company due to ill—health, he and his co—founder had fierce disagreements over stock ownership. but they were on a similar page when it came to spending their vast sums of money. like mr gates, mr allen was an enormous philanthropist, giving more than $2 billion to endeavours in science, technology, education and the arts. he had a passion for naval history, investing in efforts to dive deep on the hunt for sunken battleships. that's it, paul, we've got it. we try to do these both as really exciting examples of underwater archaeology and as tributes to the brave men that went down in the ships. that said, he was no stranger

to lavish spending on himself. he owned a yacht reportedly worth more than $250 million. he was also a huge sports fan, owning three major american teams. yet, despite those many commitments, his sisterjodie said he always made time for family and friends. mr allen never married and did not have any children but with his work, he leaves a huge legacy. "our industry has lost a pioneer," said apple boss tim cook. "he changed the world," said satya nadella, microsoft's current chief executive. and his old friend bill gates said... azeem azhar is the founder of exponential view, which is a tech newsletter. tell us more about the relationship

between paul allen and bill gates. bill gates is the name we all know but paul allen was, i guess, the key creator in this business, wasn't he? he was. they met when they were very young, at high school and bill gates, who is a brilliant mathematician, ended up being the salesperson for microsoft, which speaks a lot of paul allen's capabilities but curiously, it was paul allen that came up with no microsoft, one that we all know recognise today. -- the name. when you look at the tributes coming in, we will start with your gates, he said personal computer and would not exist without him, notjust said personal computer and would not exist without him, not just talking about the business but personal computer and as a whole industry would not exist without him. it is a pretty incredible claim. it is an incredible claim. paul allen made an incredible claim. paul allen made an incredible contribution. there weren't ready personal computers before he and bill gates got going but i think there were many other people innovating in and around that area and if it hadn't have been gates and allen, some otherjewel or

treo coming out at the same time would have, but let's not underestimate the impact paul allen had. and how does it change the behaviour, the way we now take personal computing for granted ? it was at the forefront, wasn't it? tremendous at the forefront. when bill gates came out with a vision that we should have a computer at every desk and every home, we were ata every desk and every home, we were at a point when very few people had computers, there were locked in basements and there we leave them lying about on our couches. paul allen that the company in 1983, he was ill but went on to retain a major holding, which means he has a $200 billion legacy. it is a $20 billion legacy, but it is still a lot! he did extremely well, he held onto his shares and he showed his relentless curiosity, he ended up funding a movie studio called dreamworks, which created toy story, a whole new genre and he put in a

lot of money into brain research, trying to find out how the human brain works in the alma institute. and that legacy will live on at the his death. really good to get your thoughts today. yes, paul allen who has died from the age of 65 from complications with cancer. let's take a look at some of the other stories making the news. facebook says it's stepping up efforts to be more transparent here in the uk. political adverts will only be available to those who prove their identity and location — and indicate who paid for the advertising. ads already on the social media site will have the information added to them going back as far as seven years. amazon's chief executive jeff bezos says the company will work "enthusiastically" with the us military. his remarks come after other firms, such as google, pulled out of defence work because of employee pressure. his firm is in the process of bidding for a major contract worth $10 billion. independent economists have concluded that the uk finance minister, the chancellor of the exchequer, would have to raise an extra $25 billion in taxes each year to meet the prime minister's

promise to end austerity. in their report, it says philip hammond will have to choose between substantial tax hikes or ditching his target of balancing the books by the mid 2020s. staying with tech, and google's chief executive has signalled a possible return to china. at a conference in san francisco, sundar pichai said the plan was in the "very early" stages and may not progress. sarah toms is in our asia business hub in singapore — she's been following this for us. it is an interesting one, google said we are pulling out, there is too much control and censorship on what we are trying to do but now they are talking about possibly going back. that's right, it's a huge market and the google chief executive sundial pitch i said today that it executive sundial pitch i said today thatitis executive sundial pitch i said today that it is still considering whether to launch a censored version ——

sundar pichai. that is one that would serve over 99% of queries. it isa would serve over 99% of queries. it is a very controversial project, hence the toing and froing. at nearly 1% of information, you know, thatis nearly 1% of information, you know, that is being blocked, is a lot, contains an awful lot of information, so this search engine would reportedly block certain websites and search terms related to human rights and religion, which is heavily stifled in china. google stopped offering its search engine in china ages ago because of that very concerned over government censorship and the company also advocates of free and open internet, but, again, it can't resist china and in september, google confirmed it was secretly working on this new chinese servers code—named dragonfly and the project has angered not only human rights groups but also employees who had been worried they had been working on this new technology are knowingly and it will

help china suppress free expression. sarah, thank you very much very explaining that and as you made clear, not yet a done deal. we are going to stay in china, because you will know it has often been accused of manipulating its currency. but a new report — issued by the us treasury — could finally put that accusation in writing. the document will analyse the foreign exchange policies of america's 12 biggest trading partners. president trump has been leading the charge, saying china and others are devaluing their currencies to gain a competitive advantage. a cheaper currency means their goods are less expensive for us consumers. since the begining of the year, the chinese yuan has weakened about 10% against the us dollar. the us treasury secretary steven mnuchin says the issue of currency needs to be part of future trade talks. and, of course, there's a growing trade war between washington and beijing. but in the strictest, technical definition, is china a money manipulator? the country's central bank's

official policy on the currency market has been to bolster not weaken the yuan. joining us is jane foley, senior currency strategist at rabobank. welcome to you. what you think is going to come out of this us treasury report? to think they will find china is a money manipulator and, if they do, what will happen next? i don't think they will and there was an indication last week that they will probably not be pointing the finger at china, but it has to be said the yu china managed their currency against the us dollar, they do that, but managing it to keep it further. if they were to walk away from managing the currency, there would be a huge outflow from china and the currency would fall. the yuan has weakened against the us dollar the ship but so against the us dollar the ship but so has almost every currency in the world. the dollar, since the start of debris, is one of the best currencies in the world and that is

because the federal reserve, the central bank in the us, is putting up central bank in the us, is putting up interest rates and it is one of the few jee ten up interest rates and it is one of the fewjee ten central banks be sheer to be doing that progressively. if the us believes it so progressively. if the us believes it so vehemently that china is manipulating its currency, why doesn't just manipulating its currency, why doesn'tjust come out and say it? while there nervousness —— nervousness about putting it on paper? it would be a notch up in diplomatic tensions and it would be seen diplomatic tensions and it would be seen that they would take further action in the currency markets, but it has to be said, the us treasury, this is a regular report on the last time the us treasury brought out this report, it said it was watching various different countries. it wasn't naming any particular country but watching various different ones and on the list were countries like japan and also germany, another exporter and what the us is effectively saying is all of these countries have huge trade surpluses with the us, the us is buying more of their goods than the other way

around, we're watching you and we wa nt to around, we're watching you and we want to know whether or not it is because your currencies are undervalued. just some data that is coming out here in the uk in the next hour, unemployment data. what are we expecting? it has got to be said that the unemployment numbers in the uk are extremely good, the last time, the unemployment rate was ata43 last time, the unemployment rate was at a 43 year low, so we can expect good data but the market wants to see those earnings numbers. when the labour market gets tight, wages are usually higher and we are not seeing much wage appreciation. we saw a little bit last month, we want to see if we see a little bit more. we will see you later than some of the business stories in the papers. and we will get those figures in about 45 minutes. still to come... firms have never had more information about their customers. we speak to one company that police is how those firms use that data. you're with business live from bbc news. let's get a bit more on the story we

told you earlier. independent economists say the chancellor would have to find an extra £19 billion a year by 2023 to meet the prime minister's promise to end austerity. a report by the institute for fiscal studies says philip hammond will have to choose between substantial tax increases or ditching his target of balancing the books by the mid 2020s. pauljohnson is the director of the institute for fiscal studies and hejoins us now fom the london stock exchange. good morning, paul. it is quite a bold claim from the prime minister that she wants to end austerities, you are saying the numbers don't add up. well, it is a pretty bold claim given that the conservatives went to the electorate just over a year ago saying that they were going to close the deficit completely by the mid 20 20s. well, if you want to end austerity, that will mean spending around 19 or £20 billion more at an absolute minimum by 2022 than is

currently planned, so if you are going to spend an extra billion or so, given where we are with borrowing at the moment, you are not going to close the deficit entirely a couple of years after that. and thatis a couple of years after that. and that is just a really big choice that is just a really big choice that the chancellor faces and, of course, the pressure to end austerity is really very serious. the costs that are being faced by local authorities, by the prison service, the health service, the social care system, are very substantial indeed, see you can certainly understand where the prime minister is coming from. the report also looked about a possible brexit dividend and concluded, well, there won't be one. people mean all sorts of different things by brexit dividend but one thing that isn't going to happen over this period by 2022, even in the most straightforward sense, is we are not going to be getting any money back from europe, if you take account of the divorce payments and account of the divorce payments and account of the amount of money that comes back from europe in any case, we will be no better off in 2022 than we

otherwise would have been. there is certainly no dividend from highgrove. we know the economy is small and will get smaller as a result of brexit. the only possible dividend on the horizon is if it turns out we get a better deal than expected and may be growth will turn out a little better than it looks at the moment. pauljohnson, thank you. much more on the business live page, including a story that scottishpower, the energy firm, is to use 100% wind power. it has off—loaded its coal and gas stations to the company called drax. your're watching business live. our top story... the co—found of microsoft paul allen has died age 65. tributes have been pouring in from across the tech world — with bill gates saying his lifelong friend was a pioneer and that personal computing wouldn't have existed without him. a quick look at how the markets are faring.

they will be keeping an eye on those unemployment figures due in the uk in about 45 minutes' time. in other news... firms know more about their customers than ever before. data is power — and they're drowing in data about what we buy, how much we spend, where we spend it and a whole raft of other information they can use to encourage us to spend more. but what happens when your data is misused or even stolen? well, headlines like these... facebook faced a storm of protest after it admitted the private informaton of around 87 million users had been improperly given to the political consultancy cambridge analytica. uber got into trouble after it was revealed that data about 57 million riders and drivers was exposed to cyber thieves. most recently, google said it would shut down google plus —

after the details of 500,000 people were exposed. so can we trust the people harvesting our personal information to look after it properly? our next guest says he's determined to make sure its safe. finn raben is the director general of esomar, that's the world body representing data and market research professionals. it polices a voluntary code of conduct designed to keep our data safe. welcome to the programme, nice to see you. when we see headlines like that, you can see why people are nervous about handing over information, whether that is information, whether that is information they know they are handing over or some that is gathered by tech firms without really our knowledge. what is your role in this and had you make sure it is safe? esomar is an organisation that has been read or 70 years, it is a voluntary trade

body, an umbrella body, that has welcomed anybody in the analytics and data profession. we represent that profession not only to users of data but also to legislators around the world. that part of the membership requirement is they sign a voluntary code of conduct. that code of conduct requires them to work to a much higher ethical standard than just basically the minimum and it is within those grounds that we not only police, if you like, the adherence to that code but we also represent the standards, if you like, that we expect for companies who use personal data to maintain. and it is those standards which, in essence, drive security questions or security feelings, i guess, around the use or misuse of data by companies such as those you mention. it is a voluntary code but nevertheless you task yourself with policing those that sign up to do adhere to it. how'd you do that when there is so data out there? it is a very good question but we make it

clear to anyonejoining very good question but we make it clear to anyone joining our organisation that the code is not a question of i would like to do it today and not like to do tomorrow, it is very closely monitored and if there is any misuse of the information, then any recipient of information, then any recipient of information they feel has been misused or a company that is felt to have abused their privilege in handling consumer data can quite easily be reported to us and we then institute a quite rigorous disciplinary procedure, which, ultimately, might end up with those companies being excluded from membership. so to use those examples, facebook, google and google, have they signed up to your code of conduct? -- uber. not yet, sadly, but you had a piece on microsoft and they are a member of hours and quite strong on the use of data being ethical. and so without them being signed up, eyes she you would like them to sign up, what difference would it make —— irish unity would like them to sign up?m isa unity would like them to sign up?m is a rather unique relationship that

has now existed between these tech —based industries, inasmuch as the digital distance between the user of those services and the data they provide is a very grey area. consumers generally don't understand what happens in that tech space between the service they use and the providers themselves and, for us, it's critical that those companies ensure that the transactional conditions, if you like, that usage are clear. we recently ran a conference in berlin where we had a presentation from a geolocation company. they did a piece of work amongst users of their service where they compared those who were informed about what they would do with the geolocation data and a number of their users who were not informed, and interestingly enough, those who were informed were far more readily predisposed to sharing their information and allowing the company develop whatever new services or tools they wish, whereas those who were left a little more in

the dark felt what is actually happening? aren't most of us in the dark about what happens to our data? if it is resold, if people are making money out of it? indeed and i think that is one of our strongest points, we wish to ensure that this transactional arrangement is clear, that it transactional arrangement is clear, thatitis transactional arrangement is clear, that it is understood and there is a sort of urban myth at the moment that all innovation, technical innovation or technological innovation, can only be progressed with a surreptitious use of data. now, we would think otherwise. so who is responsible for making that more clear? to use an example, google maps, a brilliant tool that many others will use, we are prepared to hand over data about maybe where we are, where we are going, how long we have been in the traffic jam, because going, how long we have been in the trafficjam, because they will use that to tell other users who will benefit but by handing that over, we get a benefit in return but not a lot of transactions work that way, they are not that clear. correct and

thatis they are not that clear. correct and that is where we would lobby very hard. we have had extensive work or have worked extensively with the european union on getting the general data protection regulation fit for purpose for the research and analytics section and that should be made clear. if you are using google maps, you are more than welcome to have my journey data maps, you are more than welcome to have myjourney data but you can't have myjourney data but you can't have myjourney data but you can't have my contacts data on my photograph data, so just make the transaction clear is the essence. really good to hear about what you do and how it works. thank you. now something entirely different. bugs may not make you go, "yum," but they could be essential to solving the global hunger crisis. today is world food day and the theme is to acheive zero hunger by 2030. —— today is world food day and the theme is to achieve zero hunger by 2030. with 820 million people suffering from malnutrition, that's quite a tall task. so crickets and other insects could be key. my my name is...

yummy, yummy. jane is with us to look through some of the stories in the papers. what about this bread made from crickets and bugs which are mark wood you eat it?|j made from crickets and bugs which are mark wood you eat it? i would have to be very hungry indeed. we have to be very hungry indeed. we have had a couple of tweets. in sex contain twice as much protein per 100 grams of meat and fish —— insects. doesn't comment on whether it is good or not. arnason says the way the world population is going, we have to look at other sources of food to feed us. i think it comes down to taste. if it taste like bobble bread, we will be just... let's talk about this story in the world street journal, let's talk about this story in the world streetjournal, talking about background music in the shops, muzak, a concerned that they are not paying for it. it is all around us and a lot of it is now streamed and many others have streaming accounts and what we pay, in the us, nearly

$20 a month for personal use but if you are using it for your business use 01’ you are using it for your business use or public use, you are supposed to be paying more and the story is really highlighting ignorance, people do know that and so they are streaming music in their businesses on personal accounts and paying $10 a month instead of 2535 and the industry says they are losing as much as 2.6 5 billion. a staggering amount. we have moved into streaming recently and this is something the industry has to start policing. they are talking about 21 million small businesses without the right authorisation. lots of businesses thinking, what am authorisation. lots of businesses thinking, whatam i authorisation. lots of businesses thinking, what am i paying for! thank you, jane. thank if your company today and all of your m essa 9 es company today and all of your messages on bugs, we will see you the same time, same place tomorrow. thank you for watching. hello, there. we have had a rather

misty and murky start of the day, some mist and fog affecting much of england and wales but that is going to lift up and it is going to get brighterfor to lift up and it is going to get brighter for many of us. there will be some sunshine and it will be slightly warmer compared to yesterday but there is still some rain ina yesterday but there is still some rain in a forecast and that rain is coming in courtesy of this area of low pressure which is moving its way in towards iceland but it's weather fronts are pushing eastwards, the isobars fairly close together across the north and the west and that is indicative of some strong winds, in fa ct indicative of some strong winds, in fact some gales in the far north—west of scotland today. the patchy rain moves through northern ireland into scotland, a few showers into the far north—west of england and west wales later on but elsewhere, it will brighten up and be slightly warmer. you have got some of those oranges in the south—east of england, so temperatures here 21, 22. further

north and west, temperatures typically about 14—17. through this evening tonight, this patchy rain will continue to move south—east, just a band cloud for many as it pushes into the midlands and south western areas of england. temperatures staying in double figures but further towards scotland and northern ireland, those temperatures will‘ is at about 6—9. throughout wednesday, this weather front is bringing a cloudy eurozone, some patchy rain from south—west england up towards parts of lincolnshire and southern areas of yorkshire. high pressure developing behind that, so for much of scotland and northern ireland that many northern and western areas of england and wales on wednesday, it is going to be a bright day but bad cloudy zone will continue. the far south—east of england perhaps dry and brighter here and temperatures will be a little bit lower compared to today, highs of 18 celsius in london, 13 in edinburgh and aberdeen. going into wednesday, we

lose our weather front from the south—east and we have got this big area of high pressure, this ridge of high pressure really becoming firmly established across the uk so on thursday, quite a chilly start to the day, there could be some patchy mist and fog drifting around. 0n the whole, though, on thursday, light winds, lots of dry weather, lots of sunshine on thursday. temperatures perhaps coming down a little bit to between 11 and 16 celsius but it will still feel pleasant enough in that sunshine. as for the end of the week into the weekend, looking a little more unsettled but we will bring you more details on that later on. bye—bye. hello, it‘s tuesday, it‘s nine o‘clock. i‘m victoria derbyshire, welcome to the programme. universal credit is going to be delayed — again. the bbc‘s learned that the nationwide roll—out of the controversial benefit won‘t happen now fully until the end of 2023. some say it‘s left them destitute. starve. she's sold everything she owns. put up with it herself. she's sold everything. she's sold her telly.

she's sold her mobile phone. she's sold everything. the work and pensions secretary has already admitted that some are poorer under the system. i‘ve said we made tough decisions. that is right. some people will be worse off. under the old system, the most vulnerable in society weren‘t getting as much money as we‘re now going to give them. if you receive universal credit, how do you react to this news? get in touch and let us know.