this is business lialeimmlblnm the us files a string of criminal charges against china's huawei, just as trade negotiators head to washington. live from london, that's our top story on tuesday 29th january. the chinese telecoms giant denies any wrongdoing and describes the charges — including bank fraud, obstruction of justice and theft of technology — as unfairand immoral. also in the programme... business hopes for overdue clarity on the direction of brexit, markets in europe are next is not to the downside as some of the the downside assame qf'thebiggést

the ddwneide essame df'the'biggest in tech to reveal ‘ earnings. ame-ff: eccfl scmfls z w ne- w i'll get the measure of it with the chief executive of matches fashion. as apple admits to a flaw in its facetime software allowing for eavesdropping, haw warried are tied dbddt why; can, .. access what on your devices? let us know — just use the hashtag #bbcbizlive. let us myw — just use let us myw — just are- but is it's unveiled over 20 separate charges against the company, two of its subsidiaries and a top executive being held in vancouver.

the company denies any wrongdoing. about its relationship with two subsidiaries, huawei device usa and skycom tech, to conduct business with iran — thereby evading us sanctions against tehran. the company's chief financial officer meng wanzhou is wanted in the us in connection with those alleged activities. she was arrested in canada last year and is awaiting an extradition hearing next week. american officials are also alleging the theft of trade secrets from us firm t—mobile in 2012. ben? let's get more. karishma vaswani — our asia business correspondent — joins me from singapore. nice to see you. sally outlining the e§emé huawei, i huawei its

huav expect, | its deg huav expect, we; deg no by these expect no disappointed by these charges and is denying that eight and meng wa nzhou charges and is denying that eight and meng wanzhou have broken any us laws. they point to the fact that this was settled in 2012 and the chinese government has also said that this is immoral, unreasonable and many in beijing see this as an and many in beijing see this ass—en not and many in beijing see this as—afi not just and many in beijing see this as—afi notjust on and many in beijing see this as—afi not just on but and many in beijing see this as—afi notjust on but on attack notjust on huawei but on china ‘s ambitions to lead the world in times of five g technology. given the fact that this is happening against the backdrop of trade discussions - to take place this discussions due to take place this week between the us and china, it week between thexijs-snd fihiflagit. es, , , a. , will make week between thexijs-srtd fihirtagit. es, , , a. , will make those discussions and negotiations very difficult indeed. i wanted to ask you about that, it is peculiar timing as the trade delegation head from china to washington to try to ease the trade

i’ows washington to try to ease the trade rows that have gone on for such a long time. now these allegations against huawei. the timing could not be worse? it could not be worse for smgg.ge . 01’ smgg.g7 . or china, 7§m§2je7 . or china, but from the us huawei or china, but from the us perspective, and that is the huawei or china, but from the us perspec making that is the huawei or china, but from the us perspec making the t is the huawei or china, but from the us perspec m world, |e t is the this piece by piece to - piece by piece to thel piece by piece to the heart e by piece to the heart of ty piece to the heart of the ece to the heart of the us and they go to the heart of the us china trade - stealing china trade wars. stealing intellectual property of american ihat is . companies, that is one allegation. funds . the us m in order to defraud the united states and profit from it is uflited states and grofit fromitjs are at uflited states and grofit fromitjs core are at uflited states and grofit fromitjs core of are at uflited states and grofit fromitjs core of the are at uflited states and grofit fromitjs core of the debate are at uflited states and grofit fromitjs core of the debate between ll.e e .-.-.-e .-.l ll.e aelle lelee— us ll.e e .-.-.le el ll.e lelle leleel us andi ll.e e .-.-.le el ll.e lelle leleel us and i this the us and china and i think this is us‘s way of very clearly saying the us‘s way'of veryslea r'tyrrsayihg it isa the us‘s way'of veryslea r'tyrrsayihg it is a stance which it will that it is a stance which it will not back down from. karishma vaswani, for now, thank you so much.

following those negotiations for us in the asia business her, and certainly the allegations against huawei. i probably don't need to remind you about this... the uk is just two months away — by law — from leaving the european union. parliament will today vote on a series of amendments to theresa may's withdrawal agreement which could shape the future direction of brexit. business remains in limbo with these still among the potential outcomes. an eleventh—hour deal is still possible and the outcome favoured by many companies. mrs may's hopes of getting her withdrawal agreement through could hinge on ditching the so—called backstop mechanism to keep the irish border open. 0ne commons amendment today calls for alternative arrangements to avoid a hard border. a no—deal brexit is the outcome most feared by business, with many companies planning to shift operations abroad. food retailers on monday warned that a uk exit without a deal

would threaten food security. ? several amendments today are aimed at preventing findeai= lee; lee eeeeefe zzl’zl! a deal by february 26th. but that would prolong the uncertainty for business. the cbi has described the private sector as stuck in neutral due firm baker mckenzie. nice to see you. in it is back to square one. we need to be !—.e.-|e' ll.-. e.-.l-el-e .-.l-.e le!e 91755—4— ee. ll. clear that today is not the vote, this is a might when we - to when we to big change things when we get to the big vote ? change things when we get to the big

vote? bercow, the speaker, will be putting amendments forward and there will be a series of indicative votes about what mps think about various options. we will probably have less certainty around what we do not want and less certainty around what we do want. coalescing around a view. for oui’ want. coalescing around a view. for our audience outside the uk, that is the speaker of the house of commons who will decide which amendments are voted on. where will this take is next? we have to await the outcome of the vote, i have no idea what he will select and how they will vote. i think if the brady amendment you mentioned goes forward then misses may will be able to go to brussels and negotiate on the backstop. —— then misses may will be able to. if they are prepared to give it to was asa they are prepared to give it to was as a different question. most people will view it as absolute chaos that we are still no closer, the clock is

still ticking and we have no a nswe i’s. still ticking and we have no answers. everybody is in limbo. 0ne thing that could come out of parliament deciding what it wants with a more unified voice which would give theresa may the power to go to brussels and say this is what we would like, can you give it to us? will that happen? that would be an extremely helpful starting point. i think the european union will play extremely hard ball, particularly on the backstop. there are lots of issues around the backstop they cannot give away. they had said there is no money goes?” cannot give away. they had said there is no money goes? i think they would say that. the irish backstop issue has been the problem from the beginning, it is hard to know which way to turn when the other right click, the irish prime minister, says this is the only solution i would accept, and the democratic unionist party is saying something else. —— it is hard to know which way to turn when leo varadkar, the

irish prime minster, says. limiting the backstop would be an interesting way of dealing with this, putting some of the skin into the game for the european union. if they do not finalise the future trade agreements within a certain period and backstop ends, that would be away on concentrating minds in the future trade agreement wonderfully. the face if we get that. i am sure we will talk about this again, ross denton. thank you. let's take a look at some of the other stories making the news. the us has suffered a new blow to its reputation on corruption, falling four points lower on a key annual list compiled by transpareneylnternatienae government shutdown in us history ending on friday. the. gensds‘edtead :

was closed during the shutdown. for an iphone glitch. ehe! leis! il hes e the llhkh snug those later in - united in asia were mixed in flood markets in asia were nfixe’dirrfltrfid markets in asia were rnixe’dirrflaad the markets in asia were rm'xe’dirrflaad the end i trading, but tewardsfthe'endfif tradihg fleet the tewardsfltheendef tradihg fleet the day there . .. .. . e tewardsfltheendef tradihg fleet the day there were. l . l tewardsfltheendef tradihg fleet the g there were heavier h during the dayt 2 .ee.‘2 $5225; e e . during the dayt 2 .ee.‘2 i§§e% _ _ during the dayt 2 .ee.‘2 gem: —— markets during the dayt 2l .ee.‘2 gem: —— markets in during the dayt 2l .ee.‘2 572m: —— markets in asia were losses. —— markets in asia were mixed and flat. this is because the news about huawei and what the us justice department is accusing it of, and what that means for trade

talks going forward. europe is trading right now, a mixed picture. very earnings led at the moment, a really busy day for earnings news. we have got apple as mentioned. we are hearing from so many tech giants, microsoft, facebook, ali baba, tesla, samsung, sunny facebook, ali baba, tesla, samsung, sunny among facebook, ali baba, tesla, samsung, sunny among others. and samira hussain has the details of what's ahead on wall street today. earnings will continue to be a key driver for wall street this week. apple reports after the market close, and the tech giant is expected to post a drop in first—quarter revenue due to lower demand for its iphones. now, given it's waiting, the share price reaction could have a big influence on the major indexes. now, another tech name turning in its report card is chip maker advanced micro devices. now, look for a rise in fourth—quarter profits driven by strong sales of its processors and graphics chips. other names posting results include harley—davidson and a number of drugmakers including pfizer. and on the economics front,

america's central bank begins a two—day policy meeting. no change to its key interest rate is expected. a thorough rented from samira hussain on what is ahead on wall street. —— a cerro round—up. joining us is richard dunbar, investment director at aberdeen standard investments. lots of tech stocks this week, apple are always closely watched? they had are always closely watched? they had a trading statement at the start of the year talking about a weaker consumer generally, particularly concerned about china and the lack of growth in china. there will be focused on the results today to get more results on that, both in new products from apple and the weakness in china. we are not upgrading other handsets as much as previously? the project we have is good and we are not wanting to have great data as much —— the project is good. and in

some areas of the world we have reached saturation and there is good competition. one of the problems apple highlighted is a reduction in demand in china. we had caterpillar results out yesterday. china seem to be an issue for them? there were poor results particularly citing lack of growth in china, caterpillar says there is no growth for the company in china. we had growth figures from china of 6.6% at the end of last week, that the tidbits of information from apple, caterpillar and others would suggest there is not as much growth in china as some thought there might have been. caterpillar, people - have been. £55? . . .. em, , eeitatfie‘ ’ ”w' been. £55? . . .. em, , leleel; big ..,7 been. £55? . . .. em, , eeeaiee big diggers . been. £55? . . .. em, , eeeaiee big diggers and been building big diggers and tractors etc, you % been building big diggers and tractors etc, you m expect that be doing pretty wellfi in infrastructure says it is committed to? if china says it is committed to?m you are seeing almost 7% - you expect caterpillar to would expect caterpillar to be seeing g benefits, i

would expect caterpillar to be seeing g benefits, and they your thoughts on sterling and not. your thoughts-onlstlerlingland might happen? it has been what might happen? it has been gradually rising through the chaos over the last couple of weeks, assuming there will be an extension 01’ assuming there will be an extension ora assuming there will be an extension or a deal. that is what it expects. if anything does not turn out like that, it will be a surprise. sterling has been reflecting more optimism about a deal than we are perhaps being in parliament. the face we will talk about starbucks, howard schultz and a potential run for president later. skinny latte or not? still to come... its website attracts 100 million visitors a year from 170 countires, with an average spend of more than $700. it's matchesfashion.com. i'll talk to the ceo about its humble beginnings. you're with business live from bbc news. domino's pizza group, which owns, operates and franchises the brand's

stores in the uk and across europe, has released its latest figures. sales were up in the uk and online over the last quarter, but the cost of ambitious european expansion plans continues to impact profitability. let's speak more about this, let's go to the newsroom. the challenge for domino's is to get the franchisee to be happy, and the challenge is how much they're getting paid? the franchisees feel they are bearing the brunt of the costs associated with food price inflation, rising costs and business rates, and they perhaps do not feel that domino's the company is bearing the brunt as much as it should. that

impacts on the model of growth, they need these franchisees to open new stores and to be willing to split territories in order to create extra stores in areas where there is a lot of demand. we saw decent numbers from the uk, it is still expanding but the international business really seems to be the real problem at the moment. who will win in this argument, as it were? there is a lot of competition coming, the likes of uber eats and things. is looking over its business is looking over its shrug business is looking over its 5.th needs business is looking over its egg needs to business is looking over its fig needs to keep happy. ultimately you franchisees happy. ultimately you see out new stores a target. domino's mitt. tit. he'— for the uk, it might be a bit will see more stores

ambitious, we will see more stores opening but perhaps at a lower rate wilson, thank royal mail shares are down 13% morning after an update. highlighting i l morning after an update. highlighting. tfi royal mgfitgfifig its itaéeifi iaejiagei of course, the challenges the mail. of course, the challenges the declining letters the declining letters business but the growing parcels business, but parcels are a bit more difficult to deal with than letters and that is where it has to make more money. details about that on our website. our top story... the chinese telecoms giant huawei! prosecutors filed a string of criminal charges against the firm. more on that for you later. it's made it easier, cheaper and more convenient.

can websites replicate the posh shops, personal service and the in—store experience of luxury brands? according to forrester, e—commerce accounted for 27% of global fashion sales in 2018, compared to 15% of overall retail sales. in fact, the online fashion market around the world is set to hit $765 billion by 2022. 0ne firm that's part of that growth is matchesfashion. it started as a small boutique in 1987 but now attracts 100 million visitors a year to its website. so i went to meet the firm's chief executive — ulricjerome — to find out how and where it all began. it began more than 30 years ago, a traditional residential store, a multi—brand luxury store in wimbledon, as a single shop. you

mumbled relatively late in this 30 yea rs, mumbled relatively late in this 30 years, how is the business different now? —— you came on board now? —— yoe eemeeh beard retativetyl with new? —— yee eemeeh beard retativetyl with chapman fended late. challenge with chapman fended this store, tom and ruth steres in tandem. -< tem. afld—reth fended this stall. then we chapman fended this stall. then we brought it into e—commerce as well, using the opportunity of digital, 90% about the sales are digital. the face i was astonished by the average transaction, about 500 p. that was a lot. we work with the greatest luxury brands and amazing emerging designers, because we are extremely well—known, to really work closely with new designers as well, that is what we really love. it is a mix of luxury established brands and

emerging designers. online sales account for only 9% of the luxury market, suggesting the other 91%, people are going into the store and paying in a store. for you, is that a huge opportunity or is it trying to change behaviour? we see it as a massive opportunity. it was 2% in 2012, it is 9% six years later, it will be 25% by 2025. 2012, it is 9% six years later, it will be 2596 by 2025. why is the luxury sector lagging behind eve ryo ne luxury sector lagging behind everyone else? when you talk to the luxury customer, they are highly committed, they have multiple devices, they travel most of the time and so we have the anticipation ofa time and so we have the anticipation of a really good offer online. but the brands took their time. we really wa nted the brands took their time. we really wanted to make sure that the brunt of partnering with the right

partners and they took a bit more time than may be other verticals to embrace the digital opportunity. time than may be other verticals to embrace the digital opportunitym different transaction? you if are spending £1000 on a bag or £2000 on a dress, you might not want tojust a dress, yee mighthetwant teljest ona a dress, yee mighthetwant teljest on a website? a dress, yee mighthetwant teljest ,on a website? a la a dress, yee mighthetwant teljest ,on a website? a i; site g ever transaction on the site was full £94,000. on one transaction on a mobile phone? everybody could be, wow, it is incredible, 120 projects. iand wow, it is incredible, 120 projects. i and just giving you that example, it isa i and just giving you that example, it is a good example to say that on mobile, on desktop, through the comfort of a stall, the customer is very at ease in any channel. lbs i

this does not look a shot, it looks like a house like a shop, it looks like a house in the heart of mayfair, it is your concept store? it is more than that, it is how we perceive retail to be. it is an amazing space, it is a place of lifestyle. we have five floors, 7000 square feet. it feels like a house because it is. the door you to ‘ retail, floors shopping and a two floors of private shopping and a cafe on the top floor. and where the elevation from cafe on the top floor. and where the elevation - from its that elevatierrtam’esfrarrr'rtsthat we here is everything we produce here is broadcasted. we do podcasts, live discussion on the app and the website, anywhere you are in the kong, los kong, new . los kong, i what . yerk. les ahaetese gees-wat is going yerk. les ahaetese eeeeaneeewhet is going on in the house. and then a physical space becomes a space where

‘ people are looking at millions of people are looking at it. you create experience, this is see retail. how we see the vision of retail. uricjerome, the boss of matches fashion, talking to me. you saw how comfortable ben was in that shop! richard is back, as promised. howard schultz of starbucks looking to run for president, according to the papers? the presidential race is starting to hot up, we are getting more specific about who might stand against donald trump. howard schultz, formerly of starbucks, fancies his chances, following a long line of businessmen who have fancied their chances. well, donald trump! michael bloomberg fancied his chances as a politician, he is doing the same thing. you might say

another runner is good competition, it gets people talking, makes the other parties set up, because he had said the parties have never been are