this is the business briefing. global growth at risk. the imf warns that the world's economy is slowing as business leaders and politicians gather in davos. brexit deadlock. as her cabinet meets thersea may promises more talks but can they find the breakthrough business wants to see? and on the markets: there is worry about global growth. there is worry about global growth. the dowjones there is worry about global growth. the dow jones has there is worry about global growth. the dowjones has the closing figure from friday yesterday. it will be interesting to see how they open and this is what asia is doing. the hong kong and japanese markets are both down. we start in the swiss mountain resort of davos — that's where the annual world economic forum is getting underway. and how to breathe new life into a slowing global economy is one of the most pressing concerns for the thousands of business

leaders and top politicians who are there. on monday the international monetary fund cuts it forecast for global economic growth this year from 3.7% to 3.5% and warned of the dangers of escalating trade tensions between the us and china. the growth forecast for the eurozone suffered one of the biggest trims, down from 1.9% to 1.6% with reasons including less demand for german exports, the cost of italian debt and protests in france. the imf said it's forecasts still assume a brexit deal will happen but as sally bundock reports from davos uk prime minister thersea may is just one of the high profile names who won't be there this year because of domestic concerns. hearing the swiss alpine resort of davos, business and political leaders are covered to try and find a nswe i’s leaders are covered to try and find a nswers to leaders are covered to try and find answers to the worlds problems. for

decades, the world economic forum has all been about the economic and social gains of globalisation. the rising inequality, protectionism and nationalist politics is forcing a new narrative. now the time has come which no longer tolerates that losers are left out because competition means increased competition means increased competition and that creates winners and losers. now we need a framework that takes more care of those who are that takes more care of those who a re left that takes more care of those who are left behind. 2018 saw president trump here touting america first. china exerting its economic clout and europe repairing for its future without britain. one year later, those things are in sharper focus but because of crisis, president trump, prime minister may and others

have stayed at home. there is a chill wind blowing across the global economy. we are seeing greater inequality. the jobs that are created are insecure and low waged. workers are being more and more left out and left behind and this is partly driving the reason why all these different leaders have different problems in their home countries, all related to the same problem. some of the brightest minds in business and economics may try to find answers here. but the simmering tensions across the globe, such as the us china trade war, brexit in europe and in the us a partial government shutdown, reaching a global agreement is another mountain to climb. so much more to come from sally throughout the week here on bbc news the search tuning for from the world economic forum in davos. there are just 66 days now

until the uk is scheduled to leave the european union. but for business, like everyone else, there is little clarity on what things will look like come 29th march. in a few hours time prime minister thersea may will chair her weekly cabinet meeting and try to get them to back her plan for more consultations but no radical change of direction. the so—called irish backstop remains one of the main sticking points. it's supposed to stop a physical border on the island of ireland in the event a trade deal can't be reached between the two sides. meanwhile an amendment tabled by labour keeps open the prospect of a second referendum. marc ostwald is chief economist for the adm investor services international. hejoins us now. it is a lot to he joins us now. it is a lot to talk about in terms of brexit today and much has happened over the last 2a hours yet nothing has changed. nothing has changed because we are in exactly the same situation that we have been in sincejune 23, 2016. that there we have been in sincejune 23,2016. that there is no majority in parliament for any option. and that

is where the problem is. we are struggling within parliament to form a majority for something and now eve ryo ne a majority for something and now everyone else is asking where we will lend up. we can use the irish border as an excuse but that is not really the issue. it really is what oui’ really the issue. it really is what our future relationship with the eu will be. because the referendum was put in such a way that we did not actually decide what we wanted if we did not want the eu, we are still trying to coalesce around an option. a single option that gives everybody clarity of what the relationship is going to be. so far, nothing has been achieved on that front and we are not going anywhere with that. and over the last 2a hours we have had business and business leaders coming out with the same tune, but they want clarity. they want to know what is happening. we seem to be going round and round in circles. is

ita going round and round in circles. is it a good deal, is no deal better than a bad deal? that is relevant to many businesses. some form of deal gives them clarity to be able to plan going forward and that is primarily the issue for business. whether it is ethically, morally, technically better than any other option is almost irrelevant. as long as they know how to plan their investment, where they will place their plans, what their relationship and the cost of running the business will be. then that is fine. they can plan going forward. what will the markets make of it? we have seen the imf saying that brexit and the chinese trade war over to —— the chinese trade war over to —— the chinese slowdown are the two major risk factors in the world. remember that the imf is led by europeans and there is a slight playing up of relative risk here. yes, brexit is a

risk for europe. no question about that. and there are other risks out there as well. the auto industry is a major risk. but is brexit really the risks to the global economy that a breakdown in the chinese economy oi’ a breakdown in the chinese economy ora a breakdown in the chinese economy or a breakdown in the us china trade relations, no it is not. one needs to ascribe a much heavier weighting to ascribe a much heavier weighting to anything related to china, simply because, as they set themselves yesterday, they contribute a great amounts to global growth. what contribution did britain or europe make? not nearly as much. south korea's economy grew at its slowest pace for six years in 2018 amid the broader global slowdown. the latest numbers show it grew 2.7% after picking up speed in the last part of the year. one man who knows exactly why that has been happening is that rico. he

will have been keeping a close eye on this. what are the main factors here moving the economy? the weakening economy basically illustrates how china's slowdown is rippling across neighbouring economies. exports shrank sharply from october to december on sluggish sales of semiconductors. although this was offset by government spending and an improvement in private construction —— consumption. construction came around. this data comes one day after china reported its slowest growth in nearly three decades last year. around a quarter of south korea's exports go to china and its economy is especially vulnerable to the swings and economic fortunes of its north asian neighbour. thank you

very much indeed. now let's brief you on some other business stories. tencent has suffered a fresh blow to its bid to get new computer games approved by china's regulator with none of its title on the latest list. 93 new games have been approved but for the third time none of them are from the tech giant. approvals were put on hold for most of last year amid concerns of growing addiction in the world's biggest gaming market. the world's biggest miner bhp has warned that a string of problems last year could cost it $600m. one of the biggest incidents to cut production was the derailing of a train loaded with iron ore in the australian outback. there was also a fire at a mine in chile and higher tax payments. nonethless the company says its on course to meet its production targets for 2019. a brief look at what is trending in business news this morning. and in

canada, they say the us is to proceed with a formal request to extradite the huawei executive. she denies allegations that she breached sanctions on air run. the closure of the financial regulator has had effect. the wall streetjournal says some companies are using a legal loophole to get round that so that they can start trading their shares on the stock market without the usual scurtiny. but the nasdaq stock market is one organisation worred about it causing legal challenges later. stayed with us here on bbc news. the papers are coming up. a teenager has appeared in court charged with the murder of a

14—year—old who was not from and set to death earlier this month. jaden moodie was killed in east london on the 8th of january. he was 1a years old. he was knocked off his moped by a car and then stabbed several times in bickley road in leyton. ayoub majdouline, who's 18, was arrested at the weekend and today appeared in court charged with murdering the teenager. he was not asked to enter a plea. standing in the dock, wearing a prison issue grey tracksuit, he also faced a second charge of possessing a bladed weapon, a knife, in a public place. ayoub majdouline answered a number of basic questions in court. he confirmed his name and his date of birth as august, 2000. he gave his address in wembley in north london. and he was finally asked for his nationality. he told the court he was british. ayoub majdouline has been remanded in custody. he is due to appear in court again on wednesday,

but this time at the old bailey. even though one person has been charged, the police say the murder investigation remains active. they have renewed their public appeal for more information on the teenager's death. daniela relph, bbc news, thames magistrates' court. the family of a woman who died when a speedboat crashed on the thames will meet the home secretary sajid javid later, to ask what he is doing to bring her killer tojustice. 31—year—old jack shepherd has been on the run since being convicted of manslaughter by gross negligence for allowing charlotte brown to take the controls of the speedboat, during theirfirst date. coming up at six o'clock we have all the news on breakfast. stay with us for all the latest. this is the briefing from bbc news. the latest headlines: the international committee of the red cross has issued

a new warning that climate change combined with growing violence in the sahel area of africa is creating an explosive combination. theresa may says she will hold flexible and inclusive talks with mps across parliament to try to make progress over the irish backstop. the president of zimbabwe has flown home from a state visit to russia following violent protests over the doubling of fuel prices. the fact that british police don't carry guns has separated from forces around the world. but some of them carry firearms. now a new museum has opened. now a new museum has opened dedicated to the history of armed policing, and it aims to show just how highly skilled those officers are. danny shaw went to take a look. should you open fire or should you

wait? this is sixth form student is waiting to know what it's like to make this decision. but it isn't real life, it's a scenario. and no—one will be killed, whatever he decides to do. you go through these rounds when he pulled the trigger, hold work on like this, being rocked the trigger. this is the centrepiece of the museum of armed policing, designed to show us the realities of being a firearms officer, though all the guns here are reckoned —— replica weapons. for these teenagers from northamptonshire, it was a lesson they'd never had before. it was a lot more stressful than i thought it would be, even a simulation, the decision—making was really difficult. it makes you realise how unpredictable every situation is, how steady handed these officers have to be. it's about using your mouth and talking out of it rather than shooting them. some might say this museum glamorise is armed policing that there is a serious underlying message about the

impact of gun and knife crime and the lancs police have to go to protect themselves and the public. in the 1930s, this is what an armed response vehicle look like. this dramatised footage can be seen at the museum. you want to try this on? i'm going to put the viewer had. all very different from the hi—tech equipment used now.|j very different from the hi—tech equipment used now. i don't think it glamorise is armed policing at all. i think it clearly explains the difficulties armed policing. there isa difficulties armed policing. there is a reaction from young people that they are nervous, but what we are trying to do is highlight how dangerous the bubble is and how important those split second