this is business live from bbc news with ben bland and sally bundock. putting the brakes on the tariffs. president trump says china is cutting taxes on american cars amid a trade war truce. live from london, that's our top story on monday the 3rd of december. the change of gear comes after a weekend which saw the world's two biggest economies agree not to increase tariffs for 90 days so they can talk through their differences. also in the programme... qatar pulls out of the oil cartel opec, as prices rise and the country says its going to put even more of its focus into gas. we'll be live in the middle east. we will also keep an eye on the

markets for you, after the breakthrough in the trade war a p pa re ntly breakthrough in the trade war apparently between the us and china. and cleaning up in the men's beauty sector — we'll speak to the man behind a new range of grooming products with a natrual twist and today, we want to know about your unexpected big bills. it's reported transatlantic passengers on aer lingus flights who do not turn off their phones or switch to flight mode risk being hit with sky—high roaming charges. so we'd like to know what unexpected big bill have you receieved? let us know — just use the hashtag #bbcbizlive. hello, and welcome to business live. co nfessed to confessed to us on your big bills, we'll just share confessed to us on your big bills, we'lljust share it confessed to us on your big bills, we'll just share it with everyone confessed to us on your big bills, we'lljust share it with everyone at home! there is yet another

sign that the us—china trade war maybe easing. in the last few hours president trump has tweeted that "china has agreed to reduce and remove tariffs on cars coming into china from the us". it comes after the leaders of the world's two biggest economies agreed to a trade war truce at their meeting at the 620 in argentina over the weekend. that deal, as outlined by the white house, means that us and china have agreed to refrain from imposing new tariffs for 90 days. that means the us holding back from january's planned increase of tariffs on more than $200 billion of chinese goods from 10% to 25%. in return, china says it will buy a "very substantial" amount of farm, energy and industrial goods, though the amount was not specified, to reduce the trade gap with the us. and there'll be fresh talks on the thorniest issues for donald trump, claims of china's intellectual property theft and forced

transfer of technology. so, how has this gone down in china? 0ur correspondent robin brant is in the commercial capital shanghai. robin, is this a deal which is good enough for the chinese president to go back and sell at home? well, has certainly gained himself some time. there is now a 90 day period for negotiation between the two sides. if no successful longer term agreement is reached, then the ta riffs agreement is reached, then the tariffs are back on. what is interesting is that many elements of this deal, is essentially a ceasefire, to be honest, are not being reported by state media here in china. there is no mention of this 90 day period of negotiations, no mention of the pledge to increase chinese acquisitions of agriculture, things like soy bean and sorghum, no mention of america's insistence on negotiating immediately over these

claims that china continues to steal intellectual property and force technology transfer from american and other foreign firms who want to invest in this country. so we are seeing two very different versions of the outcome of this meeting reported inside and outside of china. there is no doubt that for now, we get a ceasefire, the markets like it, it brings some calm to the situation. president trump also thinks he has got a pledge to reduce ta riffs thinks he has got a pledge to reduce tariffs on car is coming into china. but that is essentially a reset. they were due to go down from 25% to 1596 they were due to go down from 25% to 15% anyway. they went back up in a move of retaliation from the chinese, and it now looks like it has been reversed again. so essential it takes us back to where we we re essential it takes us back to where we were before the trade war blew up .so we were before the trade war blew up . so this is a true is we were before the trade war blew up .so this is a true is not a resolution to the underlying issues, it seems? no, it is not at all. and

i have to say there is huge scepticism about weather there can be any significant progress on the core issue, which particularly for some in the white house is this issue about market access, theft of intellectual property and technology transfer. in this 90 day period the americans are insisting both sides have agreed immediate negotiations on that — and that is not even being reported here in china. and can they reach some kind of deal in just three months on fundamental issues at the heart of this? i suspect not. despite that, the markets are looking on the bright side. 0ur asia business correspondent karishma vaswani is in singapore. in europe we are heading upwards, and that was the story in asia as well? yes indeed, although we have seen some of the shine come off asian markets today, i think reflecting some of the scepticism that robin was talking about. having

said that, all of the major indices out here did see a bit of a jump thanks to what is being called this truce in the trade war between america and china, it is a temporary truce, remember. it does seem very difficult to see how they can try and close that gap. but the us china trade war has been the major risk for investors out in asia this year. they were anxious that we were going to see even more tariffs in 2019. so thatis to see even more tariffs in 2019. so that is on hold for now. china is the biggest trading partnerfor many countries in the region, so if there isa countries in the region, so if there is a downgrade in economic forecast for china because of the trade war, that pain is felt out here, too. many asian companies have put their factories and supply chains out in china because of lower gusts and thatis china because of lower gusts and that is where the bulk of their products come from. they were worried that those products would be hit by the tariffs as well. i have

spoken to many of the firms and they have said that for now, their immediate plans to shift their supply chains out of china have been put on hold, but it is not to say that they're not still looking keenly at other options. i think it underlines the fact that many in the business community out here in asia don't see this as a resolution to the trade war, theyjust see it as having bought sometimes, and we may well be back in this position in 90 days. thank you very much. in the last couple of hours, we've had some breaking news from the oil world. qatar is pulling out of the 0pec producers cartel. this comes just days ahead of a big meeting of the group which could extend production cuts , something which has been pushing oil prices up. paul blake is in dubai for us. paul, good to see you. so do we know why qatar has made this decision to

pull out? well, they say this is all about their focus on liquefied natural gas and the country is the number one producer of lng. but i think it is also important to look at some of the other context here. first of all, qatar is the 11th biggest producer within 0pec of petroleum. that is not actually that big in an organisation of about 15 countries. it produces just under 2% of 0pec‘s oil. the big geopolitical context is that qatar says the decision to pull out of 0pec has nothing to do with geopolitics, if nothing to do with geopolitics, if nothing to do with geopolitics, if nothing to do with the blockade that saudi arabia and other arab countries have imposed on it since june of 2017. but i think the market will be looking at it as a further tension between qatar and the other countries. you have to remember that saudi arabia is the de facto leader of 0pec and they are also leading

this blockade against qatar. so you can see this decision by qatar to pull out of 0pec within the can para meters pull out of 0pec within the can parameters of that blockade. we saw a big surge earlier today and that was all off the back of president putin meeting with leaders in saudi arabia and those agreeing to cut production into the new year? that's right. we've had oil prices sliding for the past few weeks, dramatic falls in oil prices. this morning we've seen oil popping up about 496-596 in we've seen oil popping up about 4%—5% in the wake of those meetings in argentina between president putin and the crown prince of saudi arabia. they have agreed to continue cooperating under what is called 0pec plus, and that's because roche is not part of 0pec. but that has provided some assurance to the markets. —— that is because russia

is not part of 0pec. and on the markets... hong kong and shanghai led a surge across asian markets monday after the united states agreed to suspend imposing tariffs on china for three months, while oil prices soared on expectations of a big production cut. european markets starting strongly. energy shares benefitting from rise in the oil price. brexit legal advice. in the uk or eyes will be on that legal advice regarding brexit which the government is under pressure to publish. michelle fleury has the details of what is ahead, on wall street. the car industry has caused a bit of anxiety recently, witness the announcement of job cuts anxiety recently, witness the announcement ofjob cuts by general motors and the president's angry response. december kicks off with

some cold hard facts about business which might add to the business. all the bekaa makers released their sales data for november. while the overall number of cars and trucks sold will remain high, analysts and that for the first time in nine yea rs, if sales that for the first time in nine years, if sales for the month of november will show an annual decline. america's enthusiasm for buying a new car has not disappeared but it may have peaked. also on monday, investors will look to a major monthly survey of manufacturers to check that they still think the economy is headed for more strong growth. michelle fleury, in new york, thank you. james hughes is chief market analyst at axitrader. james, look at that screen! yes, lovely booster this morning. let's talk about that us car industry, michelle fleury with saying that we have got this gloomy news following on from gm saying they were closing a factory and laying off thousands of people last week and yet donald

trump today treating, china is going to drop those tariffs on us cars going into china...? yeah, and of course there is time input down to that, political timing, course there is time input down to that, politicaltiming, from donald trump. this news about the car industry is going to be particularly bad, cars used to be one of the bedrocks of the us economy. it hasn't been like that for a number of years now, hasn't been like that for a number of years now, ever hasn't been like that for a number of years now, ever since the financial crisis, the car industry has been in trouble. it is so symbolic for the politicians who rule the bread—and—butter, wake america great again...? rule the bread—and—butter, wake america great again. . . ? it is the bread—and—butter of donald trump's pledged to the country. to say that they are not performing well today, it is great timing for him to come out and say, don't worry, we're going to make things better. look at what i negotiated in argentina! absolutely. and the truce that has been agreed to hold off on any new ta riffs been agreed to hold off on any new tariffs between china and the us, we saw the surge on the markets,

clearly some optimism returning and a return to more risk sentiment this morning? yeah, it is very much risk on this morning because of that but remember, as we have heard from a numberof remember, as we have heard from a number of people this morning, this isjust the base information number of people this morning, this is just the base information about this, we don't know much about details. there is a cliche in the market, by the rumour, sellthe facts. and this is the headline, it is only a 90 day break that we have seen is only a 90 day break that we have seen at the moment. —— buy the rumour. but that 90 days flows conveniently through the festive season conveniently through the festive season and the chinese new year as well in january, season and the chinese new year as well injanuary, february. let's talk about qatar leaving 0pec, rush and —— russia and saudi arabia doing and —— russia and saudi arabia doing a deal on oil? we have needed it, the oil price is one of the most important to all markets because it drives so much and it has been so

under pressure. but qatar leaving is a big thing because they have been in it for50—odd a big thing because they have been in it for 50—odd years but nonetheless they are not one of the biggest oil producing nations. but it all adds to a much—needed boost in the oil price, notjust for the countries producing the oil but for the stock markets, for other companies around the area. james, thank you for now. think about your biggest unexpected bill, please.|j don't want to! we want to hear your stories! let's take a look at some of the other stories making the news. there's been a fall in how much prices are rising in turkey. annual consumer inflation was 21.6% in november, which is lower than the peak ofjust over 25% in october. it could be a sign that the country's economic crisis is easing. it will make the country's huge debts more affordable and the currency has gained ground recently against the us dollar. us media group nexstar is set to become the country's largest operator of local tv stations after a deal to buy tribune media for about $4.1 billion. it comes three months after tribune's sale

to sinclair group, currently the largest us local tv operator, failed over regulatory hurdles. tribune's 42 tv stations reach approximately 50 million households. staff at the uk fashion group ted baker allege there is a culture of forced hugging by the firm's founder and boss, which they say must end. a staff petition also accuses the founder ray kelvin of inappropriate comments and behaviour. the firm says hugs are a part of its culture but are absolutely not insisted upon. still to come... cleaning up in the men's beauty sector — we'll speak to the man behind a new range of grooming products with a natrual twist. you're with business live from bbc news. the uk's retail sector has suffered this year, with major retailers announcing shop

closures and redundancies. sluggish sales, rising costs and stiff competition from online shopping have affected some 40,000 workers in the sector, according to figures compiled by the bbc. we can speak to victoria fritz, who is up in salford for us today. what did you find out what it we have been working with the university of lancaster and we found out that so far this year, 20,000 retailjobs have already gone. another 20,000 are at risk. we are talking about just the big stores, map linz, debenhams, mothercare, just the big stores, map linz, debenhams, motherca re, house just the big stores, map linz, debenhams, mothercare, house of fraser, carpet right, you name it, there have been either store closes or they are closing down completely. is about this is that there is as you say this big reached during

going on in the industry and the university of reading earned says that about a third of workers who lose theirjobs that about a third of workers who lose their jobs actually that about a third of workers who lose theirjobs actually end up going back into the sector. so the big question, of course, is, where are they going, what are they doing? —— university of lancaster. many of them go into manufacturing, warehousing, the other side of the retail story. if we are buying things online, it needs to get to us somehow. deliveries, for example. it's the changing nature of retail. it's the changing nature of retail. it is not that people are necessarily leaving the industry completely, it's the nature of the jobs changing. talking to the professor of economics from the university of lancaster about these fixings, he has been looking at these figures for five years and he says there has been hollowing out of the retail industry. you are still seeing low skilljobs, people who

need to clean muscles and high end jobs as well but a real hollowing out of those middle jobs. -- people who need to clean, for example, and high end jobs as well. while we are talking retail of this is someone who is getting more of a grip on the high street, mike ashley, the founder of sportsdirect. he will be appearing before a panel of mps later today to answer their questions about the future of the high street. he has a big stake in debenhams and he is also now owning house of fraser others. 0ur our top story — president trump says he has reached an agreement with china over the tariffs.

the european markets are all up over 296. among the winners today, the big oil stocks. moisturisers and face wash are part of the daily routine for many men, as more and more are choosing to spend money on sprucing up their appearance. last year, the global market for male grooming was worth $57 billion, and some projections expect it to reach almost $80 billion in the next five years. growth is expected to surge in latin america, asia pacific, the middle east and africa over the next few years, but sales are also rising steadily here in europe, too. 0ne firm which is trying to capitalise on the expanding market is heath — it was founded 18 months ago by a father and son team. with us now is harry aaronson, co—founder, heath.

good morning to you and you have brought in a few of your products. you started this company, what...?. year and you started this company, what...?. yearand a you started this company, what...?. year and a half ago. what were you doing before then?” year and a half ago. what were you doing before then? i was working for real estate funding asset management. so it is quite a big friends? and your dad, how does he fit in? he had been working in the female beauty sector for 25—30 years soi female beauty sector for 25—30 years so i have managed to benefit from his experience. it's a very crowded market and there are so many products. i go into any number of shop is an everyday there seems to bea shop is an everyday there seems to be a new of products — why did you particularly choose this sector when it is so crowded and competitive? although it is crowded mcinnes is a new, growing sector there's still a lot of space for new brands and when we looked at the market we didn't feel that there was eight when the century british brand offering

simple fuss free products for the urban man, not just simple fuss free products for the urban man, notjust any man but the man who lives in the city. hence the racing green colour, but what about the name, what is behind that? the name behind is, we use 90% at least natural products in our range so the idea is using nature to help you in your urban environment. i live in north london and as a child i used to go to hampstead heath. nothing to do with heathcliff, lovren heights? i don't think he wore moisturise ask s no, just hams ted heath! how important is the sustainability side of it on the packaging and what is, palm oil at the moment is a big issue, things like that, how much does that factor into it? it factors ina lot does that factor into it? it factors in a lot and definitely now with the trend is being led by the consumer and not the retailer. i think maybe

five years ago it was retailers putting on the pressure for their suppliers to do something and now it is really the consumer looking for more sustainable products. big u pta ke more sustainable products. big uptake already, you are in waitrose, john lewis, suffragist, other stores on the high street but also you are sold through amazon and various independent retailers online. how worried are you about next year and brexit? and not so worried, partly because being a british brand...m isa because being a british brand...m is a premium brand, though, not cheap? not cheap that i have witnessed there is an appetite for british brands outside of europe so i have had interest from japan, south korea, the usa. in europe the future is uncertain, how our relationship will look but outside of europe i think there was a big appetite for british brands. thank you for coming in. i am glad you clarified that harry was the son, not the father! if you were the

father, you really moisturise well! let's bring you more on our top story, the trade tensions between the us and china. the leaders of the world's two biggest economies reached a truce at the weekend. they've reached a deal not to impose any new tariffs for 90 days whilst they hold talks on their differences. and the finance minister of the world's third biggest economy, japan, has been telling us what he thinks of their problems. as for the us, over half of its trade deficit is against china. 0ther trade deficit is against china. other countries, the us has a trade deficit with them as well. however it falls below 10%, 9%, deficit with them as well. however it falls below10%, 9%, or8%, that's why china stands out. that is the finance minister of japan. james hughes is back with us. we are talking about all sorts of stories just we will get your biggest bill ina just we will get your biggest bill in a moment to! first of all that talk about the price of a world doing up and shell, and in poland at

the moment we have got key leaders are meeting for a climate change conference and shell has decided something quite radical, and hopefully many companies will follow suit? yeah, what they are doing is, it is obviously a massive environmental aspects to the big oil companies and shell are being the first big energy company to peg their executive pay to carbon emissions. last year they came out within theirfigures emissions. last year they came out within their figures and said that there was a big one to strive to make sure those carbon emissions weren't bigger. now they are saying, our executive pay is going to be tied to this. all of the big rosses adam royal dutch shell are going to have targets around reducing carbon emissions. we know they have massive bonuses and there are always big arguments about that now for them to be focused on carbon emission is a big deal. the irish times has this

story about aer lingus passengers, if they forget to switch to flight mode, they can be stung with a huge billjust mode, they can be stung with a huge bill just what is mode, they can be stung with a huge billjust what is the biggest bill that you have encountered unexpectedly? my biggest bill came mainly from my kids buying things on their various different tablets. i think it was £700! their various different tablets. i think it was £700 i was charged. i have got three kids, though. not 700 each! but luckily they did give me the money back. but this is an interesting story because, what at&t say is that the transmitters are actually in the aircraft, that's what they say, which is interesting. we've heard from other guests on this programme, one of our regulars, he downloaded all of his e—mails to his blackberry way and he was in tanzania and it cost him about £800, he just turned it on and it downloaded all his e—mail! james, thank you very much. thank you, too,

for your company. #bbcbizlive to see all the other nasty bills that have come in — and we'll see you soon! good morning. we have had a rather chilli start but we will have plenty of sunshine throughout the day. further south we have got some rain moving eastwards at the moment across wales and the midlands into eastern parts of england. in the far south of england there will be a few showers but also some bright spells developing. later on the rain clears away and there might be some late afternoon sunshine in western wales and north wales. a big temperature difference. between the north and south. tonight the rain continues to move away and we are looking at some showers moving into scotland and northern ireland, a bit wintry over

the higher ground. with clear skies for most of us it is actually going to turn quite chilly. there will be a frost developing across scotland and northern england in the early hours of tuesday morning. suspect many of us on tuesday morning will wa ke many of us on tuesday morning will wake up to a bit of a frost. quite a ha rd wake up to a bit of a frost. quite a hard frost in fact across scotland and the north—east of england. with those clear spells as the sun comes up those clear spells as the sun comes up there will be lots of blue skies on tuesday. the cloud, though, gradually increasing from the south—west and that will make the sunshine a bit hazy across england and wales. and later on there will be some rain moving into the south—west as well. a little bit chillier on tuesday. the rain in the south—west will continue to move north—eastwards, associated with this weather system. it is going to bring us some fairly wet weather on wednesday. this is wednesday, quite a wet start to the day across much of england and wales, and northern ireland. that rain edging northwards

and eastwards. there could be a bit of snow over the pennines and southern uplands on wednesday afternoon. staying quite wet for much of england and wales. the far north of scotland staying largely dry and bright. for the rest of the week, it stays fairly mixed. the weather is coming in from the atlantic. 0n weather is coming in from the atlantic. on friday this big low pressure moving in, that is one to watch. we could be looking at some quite strong winds on friday. and there is also some rain in the forecast for thursday and friday as well. you're watching bbc news at 9:00 with me, reeta chakra barti. the headlines: a key un conference on climate change opens in poland with a warning that global warming poses a greater threat to humanity than ever before. pressure mounts on the government to publish its legal advice on theresa may's brexit withdrawal deal, as labour warns of a "constitutional crisis" if the information is not released in full. crisis on our high streets —

figures compiled by bbc news suggest 40,000 jobs have been lost in the retail sector this year. a vegan brings a landmark legal case against his former employer over claims he was sacked on the basis of his beliefs — which he says are akin to a religion. shock in spain as a far—right party wins seats in a regional election for the first time in decades.