this is the business briefing. i'm sally bundock. onwards and upwards — the oil giant bp is expected to announce a boost in revenue as its helped by higher oil prices. —— revenues as it's helped by higher oil prices. and the world's biggest miner warns the us—china trade war will cut global growth, saying it will be a lose—lose result. and on the markets: a bigjumpforjapan, a big jump forjapan, as you can see. slight gains in the hong kong markets. again, a day of decline seenin markets. again, a day of decline seen in the united states. we begin with our focus today on the oil giant bp. one of the biggest wheel companies. it is sitting in

many pension funds, certainly here in the uk and around the world. it is due to unveil its latest results in a few hours' time, and it's expected to show it's been given a boost from the recovery in oil prices. taking a look since february, we can see oil prices have strengthened steadily, going from just over $60 per barrel to a peak of well over $85 a barrel earlier this month. prices now have fallen back slightly, around $77 a barrel, and it's thought prices could continue to go up. us sanctions against iran come into effect this weekend. iran is the third biggest producer in the oil producers' club, opec, and the sanctions are expected to reduce global supplies by about a million barrels per day. nitest shah is research director at wisdom tree investments. good to see if. give us a sense of ep. what are they going to say in a few hours? i think their revenues

are likely to be boosted by higher oi’ are likely to be boosted by higher or ill prices. that will help especially in their upstream business, that is their extraction from the wheel of the ground and their exploration. higher oil prices will hurt the refining type business, but the bulk of the business, but the bulk of the business in terms of extracting and selling the wheel, higher prices have helped. higher prices have come asa have helped. higher prices have come as a result of relatively tight supplies globally. we have had the economic implosion in venezuela coming back on supply, to have had a number of other countries experiencing a surprise volatility, including canada and libya, and now we are going to see sanctions being placed on everyone which will tighten the market even further. where'd you see the prices going in the near future given what is going with the run? they are likely to trade between 80 and $90 a barrel for the rest of this year. we are just under that right now, $77 a

barrel. there has been a pullback in oil markets over the past week or so mainly because of the correlation with equity markets, equity markets having faulted, people are worried about global growth and that has had an impact on or ill. i think that will be a relatively short lived and demand will likely put prices back up demand will likely put prices back up into the 90s. you predicting that in the new year, 2019, looking at wheel decking to $100 a barrel, and if so, what impact will it have on the global economy?” if so, what impact will it have on the global economy? i think $100 a barrel will be a bit of a stretch because there is likely to be as supply response from countries like the us. the us is very price sensitive and can increase production very rapidly because the us works on a lot shorter cycle, it produces shale oil and it is easy to deploy very quickly. once they put a rig in place, they can get wheel out

within putting the rig in place. there is going to be increases in supply from countries like the us and even saudi arabia and russia will try to increase production when prices getting north of $90. for the likes of bp, shell, exxon mobil and the other big players in the wheel industry, they are well beyond that tough time when oil was trading around $20 a barrel, and these companies were really, really struggling and reducing capital expenditure, cutting back, getting wit of staff, that kind of thing. they are leaner and meaner now and making more profits. this is the time for them to grow. they need to invest a lot more in capital because right now over the past four years with relatively weak prices in or ill, capital and investment has been very poor and any investment has beenin very poor and any investment has been in very short cycle. in order

to keep oil market well supplied for the next five, ten years, we need to see a lot more investment from the international oil companies. thank you for your time. we will wait to see what bp does reveal later. we will bring you their numbers when they come out, and also new investment perhaps in alternative energy as well. that is very much on the minds of the big apra one players around the world. now let's go to mining. —— oil players. the world's biggest miner, bhp billiton, has trimmed its expectations of global growth because of the ongoing us—china trade war. it warns the row will cut both us and chinese gdp growth by a half to three quarters of a percentage point. sharanjit leyl is in our asia business hub in singapore. if that is the case, bhp is a company that will feel it, won't it? that is what they are saying, and essentially as you said, they have there expectations the global growth. they are at calling it a

lose—lose outcome. it is all according to the chief commercial officer who was speaking at a conference today saying that the trade row between the us and china will cut the growth rate of both countries, making neither of them immune to it affects. though he did go on to acknowledge that there has been no in —— material impact on bhp's been no in —— material impact on bhp‘s business so far. we know china's economy grew by 6.5% in the quarter's weakest pace since the globalfinancial quarter's weakest pace since the global financial crisis of 2008 and 2009, an analyst believe business conditions will only get worse before they get better. at the moment, the us and china have slapped billions of dollars worth of ta riffs slapped billions of dollars worth of tariffs on each others' goods. all of this is being brought to a hedge in the last day or so in a repeat —— ina in the last day or so in a repeat —— in a report by bloomberg saying they are going to introduce tariffs if talks next month if talks fail to

even trade war. this naturally is worrying executives at firms like bhp even further. he went on to say that the one upside of less trade between china and the us would be for more trade to potentially open up for more trade to potentially open up elsewhere. interesting. good to see you. now, let's brief you on some other business stories. tech giants including amazon, google and facebook will pay tax on their uk revenue from 2020. under plans unveiled in the budget firms will be taxed at a rate of 2% on their uk sales. shares in facebook, amazon and google owner alphabet all closed down following trade in new york. the owner of cadbury and the maker of oreo cookies and toblerone has reported a quarterly profit, which edged past estimates, helped by higher pricing and cost cutting. mondelez‘s cost—saving efforts,

along with lower cocoa prices, helped to offset higher freight and logistics costs. wall street indices in the us closed down after reports president trump is preparing to announce more tariffs on china if talks with president xi next month fail to achieve results. we were just talking about this. bloomberg says us officials are planning for such a move in december incase talks between the two leaders in buenos aires next month fail to yield any progress. teaching children coding skills is becoming increasingly popular, and one finnish author is behind a series of computer programming books aimed at them. the stories centre around a little girl named ruby whose adventures help kids to think like programmers. my

my name is linda and i am a children's book author, illustrator and programmer from helsinki finland. when someone read the book... i wanted to see programming asaof book... i wanted to see programming as a of self—expression, you can be creative. everything was dull and grey and boring and they wanted to somehow show the more magical and fun side of software. the way i got started is not the traditional —— traditional publishing road. i put my book on kickstart in 2014, and the project gathered almost $100,000 and ended up gathering $380,000 worth of pre— orders. the books a lwa ys worth of pre— orders. the books always have a story about a little girl called ruby and her adventures, but they have activities that peachy to think that the programme or make you build a computer out of paper. so there is a lot of schools that

are worried about the screen time of kids and i say this is actually the last generation of kids that will remember the computer at defined by the screen and the keyboard. the next generation will have keyboards everywhere. it is important to think about the ideas behind the devices. interesting. books about coding the kids. the cabinet that the financial markets so you can have a sense of how the date is progressing. hong kong up by a third. whittle saw declines on wall street yet again despite the fact that most of the european article are doing really well —— we saw declines. wall street we re well —— we saw declines. wall street were really hit with quite sharp declines, and that is on the bloom borg —— bloomberg report. it is because of that report that the trump administration may be ready to up trump administration may be ready to up the tariffs on chinese goods going into the us as early as

december, as opposed to win the new year, which is what president trump originally announced. we have the chinese currency at the weakest level since may 2008. again, that is on concerns, resch signed a trade war with the us make escalate. that is your business briefing. up next, newsbriefing. police are asserting their gardens foran

police are asserting their gardens for an the house is the former home of the mother of the prime suspect in the case. the 25—year—old was declared dead in 1994, but her body has never been found and no—one has ever been charged. the parents said she followed the motto that life was for living. it was tragically cut short. the disappearance sparked a huge search and it became one of the highest profile missing person cases. now 32 years later, forensic teams are searching the back garden ofa teams are searching the back garden of a property in sutton coldfield. susie was last seen injuly 1986 when she went to full and to meet a man known only as mr kipper. she was presumed murdered and declared dead six years later. her body was never found. in 2002, police took the unusual step of naming john cannon has the main suspect. he has denied involvement and has never been

charged. it is reported the property thatis charged. it is reported the property that is being searched by specialist officers from the metropolitan police is to belong to cannon‘s mother. there is no suggestion she is involved or that the current occu pa nts have a ny is involved or that the current occupants have any connection with the investigation. the parents set up the investigation. the parents set up the trust which support the victims of violence. they have both since died, but speaking two years ago, herfather said he had little hope of finding out what had happened to her. it is not something i know, but it would be good to know what happened. i still miss susie enormously. after three decades of questions, it is hoped this latest turn in the investigation could lead to some answers. your wit that the —— the briefing on bbc news. this president trump is to visit pittsburgh to pay his respects

to those who died in the mass shooting at a synagogue — somejewish leaders say he should stay away. at least five dead in italy as parts of europe suffer severe storms and flooding. the indonesian authorities have found more human remains and wreckage of the lion air plane which crashed into the java sea on monday. officials say they're hopeful the fuselage would soon be located. now it's time to look at the stories making the headlines across the world. we begin with uk paper the daily telegraph, and the front page story everywhere — the last budget before britain leaves the eu. the uk government says it's found billions of pounds for social care, universal credit, and defence. tax cuts for more than 30 million workers have been brought forward by a year. looking at german paper frankfurter allgemeine, where chancellor merkel is leading the news after announcing

she'll stand down as german chancellor at the next election in three years' time, following heavy defeats in regional polls and discord in her party. over to the financial times where german group prosieben has found a match with dating website eharmony. the media corporation aims to create the world's biggest online matchmaker by merging a european dating site with the us service. this has been our twitter question today and many of you have been in touch about the pros and cons of online dating. the washington post has the story on google offering $25 million to researchers to help them solve complex problems using artificial intelligence.