in the past it was very easy to pick based on ethnicity or religion but this time you have to make men in their 70s, two men who have served in government for a long time who are from the north of the country and who are more than and it means people now have to look at their this is the business briefing. i'm sally bundock. track record and look at how exactly stocks prices jump on the news that these two men were able to present president trump has delayed further themselves going forward. so it is trade tariffs on chinese goods saying "substa ntial progress" has been made. themselves going forward. so it is the president buhari, the incumbent, and the counting continues and a former vice president, in nigeria as the financial abubakar, who represents the two community eagerly awaits the results main parties and who the people are of this weekend's election. having to choose between. that was this is the scene now in asia, with shanghai seeing shares rising on the hope of progress tomi oladipo, outlining some of the challenges. joining me now is feyi fawehinmi, between the us and china. who's a nigerian financial journalist. a bit ofa good to have you on the programme. a bit of a glitch at the end of my screen, it should be the friday's give us your take on what the outcome may be. is it too difficult close for the towel. the progress to predict? yes. it was always going between the us and china is resting markets for now. —— boosting. to predict? yes. it was always going to be buhari's to lose but since saturday's election, it was closer

than we thought and both candidates, imean, it than we thought and both candidates, i mean, it has what you make all his firewall zones in the north—west, so let's bring you more details on the decision made in washington north—east and south—west, the in the last few hours. south—west are looking split at the president trump has announced moment, the moment, the north—west he will delay raising tariffs giving him his big numbers, expect on chinese goods, due to come into effect at the end of this week, did to vote him in, the challenge claiming "substantial progress" had seems to have made some small been made during recent trade talks. inroads here and there so i mean at the president added he is planning a summit the moment now cyber claiming victory so it is a minefield. the with chinese president xi jinping in florida to cement the trade deal, best thing will be waiting for if more progress is made. official results to be announced this morning. we will watch this let's go to our asia business hub, where rico hizon space. the nigerian economy is following the story. extremely important to africa. the fastest—growing exciting economy sally! nice to see you, rico. until the oil price tanked significantly a few years ago. what substantial progress, what does it is the most important issue to be mean? basically, moving forward on tackled when the new president or president buhari continues? whoever some key divisive areas which include the likes of ip, technology wins, it is a massive headache to transfer, agriculture services, and inherit. all of the oil prices are still tepid. the loan they cannot do

currency, these have been major sticking points between the two everything for nigeria anymore so the economy is not in itself — it is sides. negotiators have also been seeking to iron out differences on changes to china's treatment of diversifying by government revenues are reliant on oil revenue and i state owned enterprises. subsidies, forced technology transfers and cyber theft. there have also been think in 2017 to the first time in probably history, all revenues alone reports, and negotiators reached an we re probably history, all revenues alone agreement on currency issues. last were not enough to pay salaries, week. it did not give details. us governments salary. so that in itself is a huge challenge but not officials have long argued that just for nigeria, any economies reliant on the price of oil. at in terms of president buhari after his china's yuan is undervalued, giving first term, what are people saying ita about how he had resided over china's yuan is undervalued, giving it a trade advantage and offsetting the tariffs so be decision was a nigeria because he came in with lots of promises as new presidents do and clear sign yet both countries are closing in on a deal to end a one was to tackle corruption in that kind of thing. 0ur month—long trade war that has flowed one was to tackle corruption in that kind of thing. our people saying he has done a good job so far? i global growth and disrupted markets, sally. closing in on a deal and remember it took him ages to form government. he campaigned on three president trump is calling on a meeting with president xi jinping things, security, the economy and corruption. it will probably give again in florida? is that significant that the two presidents him a bit of a longer time on should meet to finish this off?

security, the problems did not start according to some analysts, it is under him, the north—east had been problems, they had other big risk quite a positive sign that trump is but things have turned again recently. 0n corruption that has setting this meeting with xi been some changes. even if you say jinping, he even says his resort, just the general atmosphere, there has been a slight improvement but mar—a—lago in florida, will be the venue mar—a—lago in florida, will be the venue to conclude an agreement where the economy has been a terrible the two have met before. but an mess. most of it has been his own a nalyst the two have met before. but an analyst i spoke to earlier said doing, if you like. you mentioned is enforcing the deal could be a major not having a cabinet. in that period of not having a cabinet, he is a man sticking point because washington basically wa nts sticking point because washington basically wants a strong mechanism to ensure that chinese reform with strong views and he sought to commitments were followed through to impose those on the economy so things deteriorated. he had strong completion but as the beijing, they insist but what they call a fair and views on the exchange rate and not objective deal, or one didn't set a allowing it to adjust. we have a whole period were things we really new deadline for talks to conclude bad, just to give an example, a but he told us governors gathered at multinational company had to pay its the white house there could be a foreign suppliers in cryptic very big announcement over the next week or two if all went well in currency. things got that bad. there was a fall in prices. again, having these ongoing negotiations so there may be complications along the way very strong views that they should but for now we are seeing asian not change. all of those things market cheering the progress and the

extension so we will wait and see combined from 2015—16 and affected how this all plays out over the next the economy and we had a terrible few days. sally. thank you, rico, recession. they give so much coming lovely to see you as ever. in the early, we appreciate and will now let's brief you on some keep a close eye on the results as other business stories. south african president cyril soon as ramaphosa has announced that keep a close eye on the results as soon as we keep a close eye on the results as soon as we hear it is claimed a special tribunal committee will be victory, or who has victory, we will set up in the country to recover funds linked to corruption. make sure you knew on bbc news. he said the tribunal would consider cases brought quickly to the markets were more by the special investigating unit. mr ramaphosa has vowed to tackle time. chinese shares leading the region higher after trump announced corruption since coming to power. the delays on further tariffs on the us private equity firm kkr goods. japan also doing well off the is considering a takeover offer back of the news. for asda after the planned merger that's it for the business between the uk supermarket and sainsbury‘s hit the rocks. according to the times, kkr is working with former asda boss tony de nunzio to complete the deal. last wednesday, the uk competition and markets authority raised concerns the merger between asda briefing this hour. and salisbury‘s could lead to less competition. up next, newsbriefing. but first, labour's deputy leader has said that his party is heading and exxon is facing a clash in the direction of supporting with its shareholders another eu referendum.

tom watson also spoke of a "crisis after attempting to block an investor proposal that wants for the soul" of the party the firm to set targets for lowering after the resignation of nine of its mps. its greenhouse gas emissions. here's our political exxon has asked the us securities and exchange commission correspondent alex forsyth. to intervene, claiming the request is misleading and an attempt to "micromanage the company". they were all elected as labour mps, but in the past week, nine in total have left the party, each leaving behind stinging criticism of the way it's run. today, labour's deputy leader said more could follow. let's now take a look he warned the party at the election in nigeria, was at a perilous point. where counting has begun to see if there's almost a sort of crisis current president muhammadu buhari for the soul of the labour party now and that means that everyone that cares about our future, will be victorious in his efforts to win a second four—year term. whatever tradition they represent, his main rival is former vice has to find it within themselves to work more closely together. president, atiku abubakar, he said the party had who is seen by many as the ideal man to be a broad church. to lead africa's biggest economy, with his own pro—business 0n brexit, he said labour and free market ideas. was moving closer to backing nigeria is the largest economy another public vote. in africa, according to the imf. 0n anti—semitism, he urged total economic activity, or gdp, the labour leader to personally is worth $376 billion in 2017, intervene. and that's despite a recent fall in economic growth. the test for us, the test our reporter tomi oladipo says for him as a leader, the nigerian public face a difficult 00:05:53,828 --> 2147483051:39:41,629 choice between the two 2147483051:39:41,629 --> 4294966103:13:29,430 main candidates. is to eradicate anti—semitism. it is not other labour party members that will be the judge of that, it's the britishjewish community,

and i think he understands now that if he is ever to be prime minister, he needs to rebuild that trust. tom watson said jeremy corbyn had to take a personal lead and make changes to the labour party if he wanted to get into downing street. this was a direct challenge to the labour leader from his own deputy. at a rally yesterday, jeremy corbyn said anti—semitism in any form was unacceptable. his allies say action is being taken, although admit it could be faster. i want us to be the best political party in dealing with issues like anti—semitism and racism and i want us to be able to, with clean hands, get out there and tackle it within our wider community. labour is wrestling with divisive issues, its leader under pressure to determine its direction. alex forsyth, bbc news. this is the briefing from bbc news. the latest headlines:

green book has been named best picture at this year's 0scars. 0livia colman and rami malek won the awards for best actress and actor. venezuelan soldiers who defected to colombia tell the bbc they're worried about the safety of theirfamilies. president donald trump says there's been substantial progress in negotiations with beijing as he delays further trade tariffs. now it's time to look at the stories that are making the headlines in the media across the world. we begin with the guardian, who say brexit could be delayed until 2021 under plans being explored by the eu's most senior officials. the paper says brussels is keen to avoid repeated delays as worry grows over uk prime minister theresa may's handling over talks to leave the european union. the times' business pages also lead with brexit and how uk businesses have lost faith in the political process.

the institute of directors warned that research has revealed that confidence in the service sector is sinking at its fastest pace since the 2008 financial crisis. and rain at times, it will turn breezy and also a bit cooler. the ft reports on us president donald trump saying he will delay an increase in tariffs on chinese goods that had been scheduled for friday, after admitting "substa ntial progress" had been in recent trade talks with china. in the telegraph, children as young as four will for the first time be taught about how social media affects their mental health. next year the uk government will introduce compulsory health education lessons, to encourage children to limit their time on facebook, smartphones and games consoles and spend more time outdoors with friends. and finally, its hollywood's biggest night of the year. you guessed it, the oscars. this year it's the actor

billy porter who has set world and internet alight after arriving on the red carpet wearing nothing less than a tuxedo gown. other highlights include rami malek winning best actor for his portrayal of queen frontman freddie mercury in the film bohemian rhapsody. the other queen, queen anne, 0livia colman getting best actress. with me again is nina trentmann from the wall streetjournal. 45 from the wall streetjournal. minutes into the prog have 45 minutes into the programme we have to talk about brexit, which is pretty impressive given recent news. the guardian says that