you're watching bbc news at nine with me, annita mcveigh. the headlines... this is business live, from bbc news, with ben thompson and sally bundock. trump turns his attention to india. britain's top police officer says there is a link between violent the us president says he'll end its special trading status crime and cuts in police numbers, with the united states. appearing to contradict theresa may. it comes as police say they're live from london, making progress in the fight that's our top story, on tuesday 5 march. against knife crime — but a former home office minister calls on the the government to treat it with the same urgency as terrorism. this is also something which is a national crisis, a national emergency. the jewish labour mp dame margaret hodge expresses fresh concerns about how her party is handling accusations of anti—semitism. the move by president trump means an end to a scheme allowing billions of dollars‘ worth of indian what is so awful about this is that imports to enter the us without tariffs or duty. he says he's hitting back jeremy always proclaims at high tariffs imposed by india on us goods. zero—tolerance of anti—semitism. also in the programme — when granted bail at the third attempt. former nissan boss carlos ghosn could be released as early as today

for $9 million. and this is how the trading day in europe has started. we will explain all you need to know. and we'll be getting the inside track on tackling homelessness. is crowdfunding — where many people contribute online — the answer? we'll hear from the founder of beam, which helps the homeless to find work. and at the geneva motor show, the fastest road car in the world has been unveiled. and it's electric! so, today we're asking you — what are you waiting for to switch? let us know — just use the hashtag #bbcbizlive hello, and welcome to business live. president trump looks set to open a new front in his trade wars. he says he intends to end preferential trade treatment for india. the scheme currently allows

duty—free entry for up to $5.6 billion of indian exports to the united states. mr trump, who has vowed to reduce us trade deficits, has repeatedly called out india for its high tariffs. let's go straight to delhi now where devina gupta has been following the story. it is interesting, hot on the heels of that trade war and those spat with china, india is now in the sights of president trump. not for the first time, there were duties imposed on steel and aluminium from india last year. now, they have removed about 1900 goods from the special list, and exporters will have to pay tariffs if they wa nt to will have to pay tariffs if they want to enter the us market. as you said, donald trump has been calling out india for high tariffs especially on high—end bikes, saying these are a hardy tax, india asked

these are a hardy tax, india asked the manufactures in the us to pay, almost 100% import duty. india say they have been trying to reach a middle ground. in the morning press conference, they were saying this was unexpected, they had been in negotiations, produced the import tax on bikes, negotiating a better dealfor us products, medical devices, dairy products into india. now the trump administration has taken india out of the specialist, the indian foreign secretary said the indian foreign secretary said the negotiations are still on, this is unexpected. the economic impact will be about $109 million and they hope talks continue. thank you. the latest from delhi. let's take a look at some of the other stories making the news. disney has cut the size

of the potential pay packet for its chief executive bob iger this year. mr iger‘s salary, bonus and share scheme have all been pared back. the measures cut his potential pay award by $13.5 million. last year, he made $66 million. the move comes ahead of the company's annual general meeting on thursday. a study into the amount people pay for mobile data has found that the uk has some of the most expensive prices in europe. the research, from price comparison site cable.co.uk, found that one gigabyte of data cost $0.26 in india, but $6.66 in the uk. the us had one of the most expensive rates — with an average cost of $12.37 for the same amount of data. google says it will ban political advertising on its platforms, ahead of the canadian federal election after the country introduced strict new transparency rules.

it says the bill, which was passed in december, would be too challenging to comply with. the new measures require online platforms to keep a register of all political and partisan advertisements they directly or indirectly publish. we promise to take you around the world. china's premier li keqiang has warned that the country faces "a tough struggle" as he laid out plans to boost the world's second—largest economy. at the opening of china's annual meeting of parliament, mr li said the government has set its economic growth target for the year at 6 to 6.5%. that's lower than last year's goal of around 6.5%. beijing has also set its inflation target at around 3%, and its budget deficit goal at 2.8% of gross domestic product. 0ur correspondent robin brant is in beijing. the beginning of many days where the

chinese government sets out their agenda and targets, tell us what it tells us where china is headed in growth? it tells us what we already knew and what is a clear picture. if you look back to gdp figures last year, this economy, the second largest in the world, continues to grow at an enviable pace. the rate is definitely slowing. the target for next year, in the past, they would choose something specific, but now we have a target between six and 6.5%. in 2018, it was around 6.5%. in terms of chinese growth, we have a trend of continued slowing down. that means according to li keqiang a tough struggle ahead in terms of dealing with the impact of that

slowing down, in particular, on private companies, which generate the most new jobs private companies, which generate the most newjobs and tax take. the concern for the government is employment, not just because concern for the government is employment, notjust because it is a barometer of economic health, but it has a huge impact. an impact on social stability. the first priority for the chinese government, run by the chinese communist party. thank you. we will look at how that was interpreted by financial markets ina was interpreted by financial markets in a moment. and staying in the region. former nissan chairman carlos ghosn has been granted bail by a tokyo court. he s been in detention since mid—november over financial misconduct charges, all of which he denies. mariko 0i is watching developments from our asia business hub in singapore.

that story first broke in november last year. we know he has spell, give us the detail, how did they broke at this time around? that is right. this is the third time mrghosn and that is right. this is the third time mr ghosn and his legal team have requested bale, the previous requests in january were have requested bale, the previous requests injanuary were requested —— rejected because he was considered a flight risk and it was thought he might tamper with evidence. he changed his legal team. they have set tighter restrictions. he will be monitored all the time, his communications will be restricted as well. even then, this decision came as a surprise. in japan, bail is rarely granted unless you confess. and mr ghosn has been denied —— has been denying all the lack —— allegations. the prosecution

is appealing the decision. it is a possibility he could walk out of jail after spending 100 days in jail. bale has been set at almost 9 billion dollars. thank you. we talked about the china growth figures. a lot of companies have a big exposure to china and ofa of a potential slowdown. and in europe. both beijing and washington are

reported to coming close to cutting ta riffs reported to coming close to cutting tariffs on imports. that would mean most indexes in europe closed higher yesterday. let us get some detail. joining us is lawrence gosling, editor—in—chief of what investment. there has been a lot going on. talking of president trump. china coming out with their new revised growth number. new tax cuts as well. the trade will be the us is playing a part. it is. notable today from china was the suggestion of tax cuts, a president trump type initiative. he didn't invent that, no, but he has been taking credit for the next leg of the us recovery with tax cuts. china notably is reducing vat. two

chilean that they are putting into their economy. —— trillion. the trade was looked like nearing a conclusion with parties happy with the —— with the outcome. with the china issue, and a row brewing with india, these are huge trading partners and huge economies. the situation with india, turkey is included in mr trump's latest round on trade wars. they are the second and third largest economies in the world. he couldn't be seen picking on china and not pushing out to india. the financial impact on india isa india. the financial impact on india is a quite small. the attorney general going to

brussels, pressure on geoffrey cox from mps on all sides to get a better legal arrangement with regard to the irish backstop. a small step to getting a deal that could go through parliament which gives the market some 70 there will bea gives the market some 70 there will be a definable brexit outcome, the uk will not crash out! some certainty. thank you. still to come. homelessness, an age—old problem but could its solution be online? we'll talk live to the founder and chief executive of beam, an online platform which crowdfunds employment training for those living on the streets. you're with business live from bbc news. the trans—european train operator eurostar has reported

a record performance for 2018. passenger numbers climbed 7% to reach 11 million, and a quarter of a million passengers tried a new route between london and amsterdam. eurostar‘s chief executive, mike cooperjoins us now. good numbers. that new route to amsterdam giving a boost. the business appears in rude health, underlying demand on the core routes, and the launch of the new service not just routes, and the launch of the new service notjust to amsterdam but to rotterdam. london city centre to rotterdam, three hours. it is a great service, and good uptake. we are in a promising position. not necessarily as smooth as you would like because passengers still have to change trains because of passport arrangements. what reassurance do you have four passengers given the

uncertainty from brexit? travelling out from london, passengers can show their passport which will validate them to arrival in central station in amsterdam, a magnificent place to arrive. we are waiting for a resolution between the uk and dutch governments to see passports in terms of the return leg from amsterdam or rotterdam. we have strong indications we will have that in place by the end of this year. in terms of disruption if there is a no—deal, what reassurance have you got for passengers? you have no control over border controls. we are in a strong position. great levels of engagement from governments in london, paris and brussels, from control authorities, a sense of determination people want to see our chains continue to operate, and pragmatism with that as

well. we have a check list, ticking off all that needs to be done. with 24 off all that needs to be done. with 2a days remaining, there are outstanding actions that have to be locked up. planning has been good. people do seem actively engaged. thank you very much. chief executive of eurostar. debenham is issuing another profits warning after three last year, its shares are down. your're watching business live. our top story. president trump said he intended to end preferential trade treatment for india involving leading new import ta riffs india involving leading new import tariffs on india involving leading new import ta riffs on lots india involving leading new import tariffs on lots of ducks from india to the us. in retaliation for ta riffs to the us. in retaliation for tariffs imposed coming the other

way. crowdfunding is increasingly being seen as a way to fund a new business venture. it's often an online platform that brings together small lenders and firms in need of cash, and the funding helps get the project off the ground. but could crowdfunding also help charities too? well, one firm says so — and is using it to help the homeless. the uk is just one country where homelessness is on the rise. the charity shelter estimates that 320,000 people across the country don't have a proper home of their own. that's been blamed on the spiralling cost of housing, cuts to social welfare payments, and declining provision of government housing. as well as being socially responsible, tackling homelessness makes financial sense. a rough sleeper can cost $26,520 a year in healthcare and other costs. that's far more than the cost of helping them. well, one firm that believes tech is key to getting people into work is the uk crowdfunding platform beam. the firm's online tool allows those

who have been homeless to seek donations towards the training and qualifications they need to work. beam's founder and chief executive, alex stephany, is now here with us. this is a new company, how does it work? beam is a completely new way to help a homeless person for the long term. anyone can go to the website and fund employment training for a homeless person. we provide the award winning support to help an individual to progress and into stable, skilled work, anything from being a dental nurse to a brick to an accountant. we saw some pictures of individuals, those are the profiles you have built a their specific needs and the money you think it will take to get them back into work. we have partnerships with 20 different charities and local authorities. they refer people to the platform. we meet them, build and implement a plan built around

their unique strengths and skills, and a budget that is a cost required for that individual to progress, and we crowdfund that. at the moment, you are funded as an organisation because you have people working for you on the technical side, working as sponsors of the individual, case workers. you are funded at the moment through donations. we are funded primarily from a mixture of foundations and high net worth individuals. beam is about helping people to achieve self sustaining, independent living, financial independence, it is important we become a sustainable organisation. in the wrong run —— in the long run, governments should be paying for this kind of service. we have found a really cost—effective way that is fantastic for the

individuals as well, saving money, tapping into hidden talents of people in society. you are on the government radar. to make it clear, for those on the streets without an address, that is not the individuals you are helping, it is the many who are in very temporary accommodation, single mums with kids, they have somewhere where they are sleeping off the streets. we mentioned that 320,000 figure. 290,000 of those are in homeless hostels and temporary accommodation. this group, they have a bed, they can takea this group, they have a bed, they can take a shower, charge a phone. it is important we provide better opportunities for that large group of individuals to get into stable, skilled work, and contribute socially and economically. a part of the model is giving the individuals in work the chance to support other

people coming through. people often set up their own crowdfunding donations. this is different from giving a monthly direct debit to a homeless charity is you get updates. some of the people you are helping can update those who had helped them with their story, what they have done, if they are back at work. it is about sharing the journey. people helping fund, they will get updates, they can comment. it feels like a social network. that support we can build around people through this crowdfunding model is powerful. you see directly where your money is going rather than adding to a big pool with no feedback. each campaign has a budget which is transparent. and linked to the things we will be buying. we give each supporter or

donor key performance indicators telling them how many people they are funding, training, in work. they can see the numbers and the social impact. it is fascinating, we will keep an eye on how it is getting on. in a moment, we'll take a look through the business pages. but first, to switzerland, where the annual geneva motor show one of the biggest events for the car industry gets under way today. among those expected to hog the headlines there is a new italian manfacturer, funded by the indian giant mahindra which has brought along a brand new battery—powered supercar. theo leggett has been finding out more. it looks like a batmobile! the geneva motor show is often about superca rs and hyper colours, the geneva motor show is often about supercars and hyper colours, let us start with this, the new bautista.

it has 1900 horsepower. the big thing is it is electric and runs on batteries. let's find out more. 0ver here, the chief executive of the company, let us stroll over here so we can see the car. tell me, first, why have you built it? bautista was a founder of the company which is why we called it this. his dream was always about having his own car, his own badge. why electric? first of all, we wa nted why electric? first of all, we wanted to build the most powerful italian sports car ever made. and we wa nted italian sports car ever made. and we wanted to use the best technology available to achieve performance levels. and actually you have to go electric. electric is the future. you can't not achieve performance levels we had in our target book with another engine. how much would a carlike with another engine. how much would a car like this cost? it is 2

million plus taxes you rose. we will make a maximum of 150 pieces. a very rare proposition. i had better get my order in quickly. thank you very much indeed. ican much indeed. i can see theo in that car but i don't think you would fit in! it is made for me! lawrence gosling, editor—in—chief of what investmentjoins us again it is the issue of charging points. you live in london, they are everywhere. not everywhere, u nfortu nately, everywhere. not everywhere, unfortunately, and there is a queue. i worry about driving up to the north—west or south—west how far my electric car could go with a lack of charging points. it is chicken and

egg, you won't invest charging points if people aren't using them, someone has to commit. 0ne guest talked about exactly that saying the governments need to get involved. some comments from viewers. lower purchase prices is what they are waiting for, even cars are expensive. carl says not enough charging points and too expensive. and, i live in a flat, where do i charge it? and, one that can tow a ca rava n charge it? and, one that can tow a caravan and is affordable. let us talk about households, cuts in nonessential spending, stockpiling the basics, in the uk press. it is all about brexit, figures talking about what shoppers have been doing. no surprise, we are

spending less in real terms or actual terms. you can attribute some of that to brexit. 0ne actual terms. you can attribute some of that to brexit. one in five are said to be stockpiling ahead of brexit. and what are we buying? baked beans and toilet roll. essentials. a really cheap meal is pancakes. a year ago we would have been going out to celebrate pancake day. did you go out? home-made is much better. i will be making them with my granddaughter.” much better. i will be making them with my granddaughter. i had totally forgotten. i have everything i need. you can come forgotten. i have everything i need. you can come around forgotten. i have everything i need. you can come around two hours! thank you. thank you for your company. that's it from business live today. we'll see you again tomorrow.

good morning, a rather chilly start, temperatures got down below freezing in the north—east of scotland. many of us low single figures this morning. starting with sunshine but there will be cloud and rain today and hill snow as well. fairly clear skies at the moment. i want to show this area of cloud in the south—west. this low pressure is currently developing. through today, it will move northwards, weather fronts will bring in some rain at the end of the day. for many, it is dry and bright. the cloud will increase from the south—west with rain putting in at

lunchtime. further north, some rain at times for the north—east of scotland. north—western scotland should remain dry this afternoon with sunny spells. wintry showers across the grampians this afternoon. sunny spells in southern scotland and northern ireland. still some showers in northumberland, durham and cumbria. northern england, north wales, midlands and south—east england, dry with sunshine. the cloud across the south—west and south wales will continue to push northwards this evening. the wind will increase especially across wales and the south—west. in scotland, turning chilly here. elsewhere, temperatures up to 9 degrees. that low pressure is still with us on wednesday. staying and settled for many of us. still some rain and hill snow across scotland, northern

ireland. in england and where is, showers throughout the day. some sunny spells in between. temperatures for england and where will be 13 degrees. thursday should bea dry will be 13 degrees. thursday should be a dry day, still a few showers, wintry over higher ground. a northerly wind, chilly for many of us. temperatures for england and wales dropping down by a few degrees. friday should be dry, some frost, but sunshine. weekend will be u nsettled, frost, but sunshine. weekend will be unsettled, rain in the forecast, temperatures up to nine celsius. goodbye.