this is business live from bbc news with victoria fritz and saly bundock. another bad call for huawei — the chinese telecoms giant's finance chief is arrested for allegedly breaking us sanctions on iran. live from london, that's our top story on thursday sixth december. meng wanzhou was arrested in canada and is the daughter of huawei's founder, it's a move bound to heighten tensions in the us china trade war. also in the programme... higher oil prices are in the pipeline. opec oil producers look set to cut production, as they meet in vienna despite the warnings from president trump. the rout that decimated the markets in asia continues — dragging europe down at the open. the baby bag boom.

we'll speak to the woman trying to making changing nappies as stylish as changing bags, and find out how the right kit can help parents keep one step ahead of their kids. today we want to know whether you are concerned about who is using your data and for what purpose? we are talking about this in the light of the latest revelations about facebook, just use the hashtag bbcbizlive. hello and welcome to business live. the stakes have been upped in the trade war between the us and china. that's because the daughter of the founder of chinese telecoms giant huawei has been arrested in canada. meng wanzhou is huawei's chief financial officer and now faces extradition to the united states. few details have been released but it's being reported in canada that she is accused of trying to break us sanctions on iran. huawei says it is not aware of any

wrongdoing and the chinese government is already calling for her release. our correspondent robin brant is in shanghai. how is the news being received in china? they are not happy, it happened on december the 1st, the same day that president xi jinping and president trump were at the gzo's and president trump were at the g20‘s sorting out their differences over trade. we heard from the ministry of foreign in the last hour also saying there has been no clarification from canada or america as to why she was arrested. the embassy in ottawa —— make the chinese embassy in ottawa said it was a breach of her human rights. more details of the allegations will come out but it is reported it is about iranians sanctions and claims that huawei may have been selling

materials of us origin, material it is licensing, to iran. this is not just about targeting one person or one company. this is a hugely significant sign of a much more aggressive move against china and it comes in the middle of this trade war. this is washington, thejustice department there, the trump administration as a whole saying they will not tolerate any more. they alleged breaches of sanctions in place about doing business with companies in iran. and likely to supercharge trade tensions between the us and china? yes, look at the symbolism, it is probably unrelated but the arrest happened in canada as the two leaders were sitting down to sort things out. there was a period in terms of the trade war, we were looking at the escalation due to the start of next year, it is now postponed and this is notjust

against a person or a company but significant in terms of the message going to beijing, in terms of the most fundamental disagreements that they have, really, about the trading relationship between the two countries. american know how important huawei is, a huge telecoms company and very successful globally. this, of course, is a huge blow if allegations turn out to be true, to the prospect of this company. robin, thank you. our asia business correspondent karishma vaswani is in singapore. lets have a look at how the markets have reacted to this... the markets did not take to this well at all. this comes into the context of this ongoing trade spat between the us and china? indeed. it is to be expected. we have seen the various twists and turns of the relationship between the us and china being reflected on the minds of investors

out here in asia and the us. today, a specific reaction among shanghai and the hong kong markets, and in particular companies, shares in companies like z te, subject to a us banning order over security fears, shares on that company were down 8%. other chip—makers, they chinese heavyweights, another big chinese tech firm and suppliers to huawei seeing their shares falling significantly. i think the sentiment being felt across asian markets, because of the ongoing concern over what this actually means within the context of the us and china trade war. as robin pointed out, the arrest happened on december the ist as the two leaders were sad having a conversation and trying, in some way oi’ conversation and trying, in some way or another, to get on the road to

recovery and get a reprieve, even though the details of the us trade deal with china still are not all that clear. this particular arrest is being seen, according to someone i've spoken to in china, being seen as an attack not only on chinese technology but their ambitions to emerge on the global stage. a very worrying sign of the relationship between these two giants. thank you very much indeed. let's take a look at some of the other stories making the news. the british government says it stopping a visa scheme that offers foreign investors a fast—track route to settling in the uk. it's part of a broader crackdown on financial crime amid concerns that money launderers are taking advantage of tier one investor visas. the scheme was set up to encourage investment and meant a £2 million investment bought a visa and indefinite leave to remain after five years. ted baker has confirmed that a law firm will carry out an investigation following allegations of inappropriate behaviour at the company, which includes

a "hugging culture" allegedly enforced by founder ray kelvin. the move comes as fashion chain announces a fall in in revenue for 16—week period from 11 august to one december. —— to the beginning of december. authorities in china say tesla is set to begin production at its factory in the country in the second half of next year. injuly, the electric car—maker signed a deal in shanghai to open its "gigafactory 3" there, with capacity to produce 500,000 cars a year. producing in china would allow tesla to avoid the uncertainties with importing vehicles into the country. the other big story today is oil, because higher prices could be on the way after the opec group of exporting nations — together with allies including russia — agreed in principle to cut the amount they produce. that comes as two days of talks at opec‘s headquarters in vienna get under way to finalise the details.

here's what's worrying them. crude has slumped by $20 a barrel since october on concerns about the health of the global economy — and the trade war between china and the us. the usa, saudi arabia and russia are all producing oil at record levels, a move to cut is likely to infuriate president trump — who took to twitter on wednesday to urge opec to keep up production levels — saying ‘the world does not want to see, or need, higher oil prices‘. saudi arabia — the de facto leader of opec — has been pushing for total production to be cut by at least 1.3 million barrels per day, or 1.3% of global output. others think that's far too much. our correspondent bethany bell is at opec headquarters in vienna. our correspondent bethany bell is

with us now. do you think that opec will defy trump as michael for lower oil prices? saudi arabia certainly says that it wants to see this cut in oil prices, cut in output to shore up the full in oil prices. as you mentioned, 1.3 million barrels per. the question is whether it can be agreed to in vienna. there is this pressure from the united states, and saudi arabia is caught between a rock and a hard place on this. president trump has made it clear that he wants to see oil keeps flowing and saudi arabia want to try and shore up those prices. it would also have to include russia, saudi

arabia, the de facto leader of opec, suggesting that russia should that output by up to 300,000 barrels a day. it isn't clear if russia would be on board but negotiations are taking place today. an interesting time with katter announcing they are leaving opec, iran now subject to new sanctions, meaning it would cut how much they deliver to the markets in terms of oil —— how much they deliver to the markets in terms of oil -- qatar. there is a lot on the mind pole of opec members right now, not least the geopolitics of the relationship between the us and saudi arabia and what happened with jamal khashoggi. and other events 7 with jamal khashoggi. and other events? yes, this is part of the pressure on the saudis and the question of the crisis around jamal khashoggi. saudi arabia, on one hand, need to try and sure up oil

prices on the other hand, but can it afford to upset president trump at the moment? at a time when he has supported the saudi crown prince over the crisis, then there is the question of qatar. the qatari energy minister is here in vienna today but this will be the last meeting, the end of the 57 year membership, a time of heightened tensions in the gulf. bethany bell, thank you. in asia, hong kong and shanghai—listed technology firms have been battered, after the arrest of a top executive at chinese telecoms giant huawei. broader markets, which have also been hit by worries that the us economy is showing signs of slowing, were well down. oil prices extend their losses — ahead of the weekend's meeting of opec and non—opec production giants. investors are unsure about how much and for how long they plan to reduce output. the ftse is down about 1% at the

moment, and the dax is down further as well. not a great day in the financial markets. michelle fleury has the details of what is ahead on wall street today. the us markets reopen after being closed on wednesday in member of president george h w bush. a lot of data for investors to ingest. the us department of commerce is expected to show that us trade deficit widened in november to $55 billion from $54 billion in october. new orders for us made goods are forecast to four in october while factory made goods are likely to have gone up. with earnings, the american supermarket take kroger reported earnings in the third quarter, investors want to see if remodelling efforts are paying off and the retailer known for their

y°93 and the retailer known for their yoga pants, lulu lemon turned in their third—quarter results after their third—quarter results after the markets closed. we cover it all! joining us is simon french, chief economist, at panmure gordon. good morning, i hope you will not ask me about yoga pants! he is wearing trousers under the desk! there is so much going on. we talked about opec and the global markets, 196 about opec and the global markets, 1% down across europe and we haven't even mentioned brexit yet but a big day in parliament, they are talking about the uk economy today. what is the top of your agenda?” about the uk economy today. what is the top of your agenda? i think, if you pull all of those stories together, you are seeing the end of the global business cycle. it means that since the financial crisis, 2008- 09, it has that since the financial crisis, 2008— 09, it has stumbled with relatively low growth but it has now used upa relatively low growth but it has now used up a lot of spare capacity, unemployment rates that were high and now low, spec pasty in terms of

factories are being utilised and therefore, we are saying to our clients, you are coming towards the end of the business cycle and therefore rather than going after high valuations, take a more defensive stance, on health care names. that sounds very logical and rational but what about all of these unprecedented events like brexit, which are very hard to predict, and the us economy run by the white house and president trump. like what is going on with china, and huawei and the trade spat there? that is why when we are speaking to long—term investors, like brexit and donald trump, an agenda that may spike, and change valuations quite significantly. spike, and change valuations quite significa ntly. you spike, and change valuations quite significantly. you look at uk shares, they have been hit in the la st shares, they have been hit in the last couple of years but now they look cheap. if you have a longer term perspective, and you recognise that fundamentally a lot of the

firms are well diversified, when we get through brexit and they know the trading position and uncertainty, the valuations are expected to co nve rg e the valuations are expected to converge back and this is as much an opportunity as a threat. the glass is half full, i like it! the optimist on the programme. thank you, simon. we will have you back for the papers in a moment. still to come... spotting a gap in the market. as stylish as changing bags. you're with business live from bbc news. manchester airport group has had a good summer, with strong performance in manchester and london stansted. the group sucessfully tackled several challenges and filled the gap left by the collapse of monarch last year. their chief executive charlie cornishjoins us now. their chief executive charlie cornish joins us now. good morning, charlie. good morning. looking at the numbers, it is interesting. you

seem to be continuing to develop the longhorn network in manchester, is that the strategic direction more generally? -- long haul. yes, in manchester and sta nsted we generally? -- long haul. yes, in manchester and stansted we see a lot of opportunities for more long haul flights into asia, china, thailand and more into the us but certainly from manchester and sta nsted. and more into the us but certainly from manchester and stansted. the airport looked as though it had a resilient summer, passenger numbers remaining flat year—on—year, despite the loss of monitor, which was the airport's seventh airline, how have you done that? —— make monarch. airport's seventh airline, how have you done that? -- make monarch. they had two million passengers at the airport and we've managed to backfill that, it is a number of airlines like ryanair and easyjet, they have managed to fill the gap. let's talk about stansted. increasingly we are hearing about developments in and around

cambridge, a lot of high—tech businesses there. is that developing and driving growth when it comes to sta nsted ? people and driving growth when it comes to stansted? people coming from abroad, coming straight into cambridge rather than bypassing london?” think there are a number of factors that stansted. it has most of the available capacity on the london network, which is good. the links into the city of london from sta nsted are very into the city of london from stansted are very strong but they could be improved. the cambridge corridor, as you say, is strong and a high economic growth area. and how important is cargo for you, in the network? yes, cargo is important for most airports and certainly in the case with the east midlands, it is the biggest soul cargo airport in the biggest soul cargo airport in the uk and we expect to see it growing across all of our airports. charlie cornish, thank you very much. to let you know more details on those operations,

dhl's more details on those operations, dhl‘s operation at stansted airport continues to expand and ups are building a new facility at the airport. freight is very much at the heart of the story too. your‘re watching business live — our top story... the chief financial officer of huawei, the chinese technology giant, has been arrested in canada. it is alleged they have violated sanctions with regards to iran, this isa sanctions with regards to iran, this is a move that has come from the us and there is a view to extradite her to the us on friday. on the market started they do not like it at all! we have seen a big row in the asian markets in the last few hours. that is extending into the european session too. the ftse 100 is extending into the european session too. the ftse100 is down, more than 1%. the same in germany and also france as well. a bit of a

crisis story as well. opec members are meeting in vienna which is having an effect on the oil price. let's talk getting out the house with a new baby! it is a huge challenge. any mother, father, grandparent or nanny knows what it is like, there is so much to remember! spare nappies, wipes, extra clothes and bottles of milk are just some of the things parents need to remember for their toddlers. and your sanity! which is why fashion can often be an after thought. but a couple of mothers of young children decided to try and change that by bringing out a range of fashionable changing bags which mean looking cool comes is an essential part of changing bottoms. it isn't just for it isn'tjust for women it isn't just for women but it isn'tjust for women but also men, very much so there were a lot

of options for women, pink with cu pca kes of options for women, pink with cupcakes on and whatever, but the dads were so embarrassed to even be seen with the bags. anna tizard, co—founder of tiba + marljoins us now. the company behind these bags. good morning. tell us your story. you we re morning. tell us your story. you were a bad buyerfor topshop. when you became a mother, you had a great idea —— —— a bagger by a. -- a bagger by a. i would often go on long trips, i was speaking to my friend who has also worked in retail and was a bag designer, and we said, where are the bags for the people like us who do not want a cupcake bag, but want something that goes with what they normally wear, so they look more like themselves? so after a while we thought, well, we do have quite a lot of experience in working with bags! 30 years between

us working with bags! 30 years between us working on the high street. we decided to do it ourselves and made our own brand. we have 30 years of experience between you, you know the retail market well. how important was yourtiming? retail market well. how important was your timing? i think we feel so lucky that we launched when we did. there were quite a few areas that had taken off, the whole cool mums, instagram was a big thing for us, a lot of mummy bloggers and dads being ca re rs lot of mummy bloggers and dads being carers for their children more so than in the past. we have a lot of celebrity dads being open about the fa ct celebrity dads being open about the fact they are involved. the likes of daniel craig, with a new baby on his front which was all over the press. dads are a big part of this and part of your success? we noticed that they were not being catered for at that time. a dad shuffling along with a big pink bag, changing a nappy? we thought it came so

naturally to us. our style is quite sporty anyway so we wanted to make a range where the bags looked as good on dad as mum. and how did you make it happen? you and your business partner both had new babies and you we re partner both had new babies and you were not in a position where your partners were earning a lot of money or whatever. it was quite tough for quite a few years? we took a punt, basically i left myjob, my business partner did freelance for a while and was working all hours of the night to get money to keep her going. and breast-feed and being a new mum? we invested all of our savings and we were determined to make it work. it helped us because we had the babies and we were out on the field meeting new mums and going to mum groups and networking with our babies and it helped us and we met a lot of people who have helped us met a lot of people who have helped us to launch the brand, like bloggers who saw the bags and decided to promote them for us. although it was hard work, it

benefited us too. it is an aspirational product, it is quite expensive, would you have had the same level of expense if you were launching this as a mass—market product? the bags are quite recognisable and you get people who have seen one another in playgroups and become friends because they have one of our bags, we are told that quite a lot and people bought the bags as baby shower gifts or a push present. it has not restricted us at all. it is a special purchase. treating yourself to something, going through pregnancy, you know? pretty tired and having a rough time they think, i will get a nice bag. keep your identity as well and empowering them. i'm glad it is a success story for you and the other mummy. anna, thank you. let's turn to brexit and prime minister theresa may has dismissed suggestions that next week's crucial vote in parliament will be delayed.

it seems unlikely that the deal she made with the eu will be approved because mps are concerned about how and if the uk can get out of the so—callled northern ireland backstop. here she is talking to bbc radio 4. iam i am listening to colleagues concerns. about this particular issue of delaying it? not about delaying it but i'm listening to collea g u es delaying it but i'm listening to colleagues concerns around this issue, this aspect of our withdrawal which is the backstop. the backstop is our guarantee to the people of northern ireland. it is a guarantee about not having a hard border between northern ireland and ireland but i recognise there are concerns from colleagues about the role of parliament and the sovereignty of the uk in relation to that issue. so iam the uk in relation to that issue. so i am talking to colleagues about how parliament might have, and how we can look at parliament having, a role going into that. that was the prime minister speaking on radio four about half an hour ago. simon french is back with us.

this was a story on the daily mail online, facebook was in the press because of an mp in the uk demanding information become public, and the daily mail is even wider than that? there are a lot of companies accusing them of harvesting your data and using it for analytics and selling it on. it is interesting, looking at consumers behaviour. people accessing a website and clicking open accept" to get through to the thing they want to. not a lwa ys to the thing they want to. not always do you perhaps understand the implications of clicking accept, that comes out strongly in the article, the fact that, do we need a behavioural clue as to how looking through would be utilised down the line? and used by other people. simon, it is fascinating. many of you have been in touch. use the hashtag to look at the conversation. that's all from us, plenty more news

from throughout the day. goodbye. good morning. another mild start to the day, and you will notice that across scotland. it is much milder thanit across scotland. it is much milder than it was this time yesterday, with temperatures well below freezing. we will see quite a lot of cloud across the uk and with that, there will be blustery showers moving in. from the satellite imagery you can see breaks in the cloud first thing this morning in eastern areas and it quickly rolls in. mild south—westerly winds bringing with it some outbreaks of rain. the rain will break up slightly into more showery outbreaks through the afternoon. pushing eastwards, down towards the south—east of england there will be showers here. north—east scotland, dry and bright weather. sunny spells here and a big difference in temperatures, higher than yesterday. 9-12d, 14 in temperatures, higher than yesterday. 9—12d, 14 in england and wales but thatis 9—12d, 14 in england and wales but that is mild for this stage in

december. heavy rain will continue to push up from the south—west and we will see the wind strengthening. all because of this area of low pressure. just south of the centre of the locum and moving through into the north channel and western scotland, we see the strongest winds throughout friday. they could be disrupted. 60—70 miles an hour but for some it could be as high as 80 miles an hour. that is into the west of scotland. heavy rain in the morning, especially in the south—east, clearing away. there will be sunny spells and showers developing across many parts of the uk but showers feeding from scotland, snow on higher ground and these wind gusts, blizzards over the mountains and even in southern areas, those gusts of 35—45 miles an hour. after a mild start on friday, temperatures drop by the afternoon. these are the values in the afternoon, in single figures. at the

weekend, on saturday, this area of low pressure weekend, on saturday, this area of low pressure moves weekend, on saturday, this area of low pressure moves in. strengthening winds in the south—west. as the weather system moves through, it becomes a northerly. turning colder as we get into the weekend, especially on sunday. cold weather will last into the week as well. over the weekend, on saturday some strong winds in the south—west, sunny spells and showers. dry on sunday with sunshine that these temperatures falling to 9—11d. that's all from me, have a good day. goodbye. you're watching bbc news at nine with me, annita mcveigh. the headlines: an end to tv gambling adverts during live sporting events. britain's leading betting firms sign up. a massive network failure hits mobile users on o2. customers across the country are unable to use data this morning. new rights for those detained under mental health laws, as a major review says the current system is outdated. theresa may indicates she's

looking for a way to ensure sovereignty of parliament over the northern ireland backstop and refuses to rule out a delay to when the vote will take place: has it been recommended to you that you, one way or the other, delay the vote happening next tuesday evening? no, what we are doing at the moment, john... i know