this is business live from bbc news with sally bundock and maryam moshiri. huawei's ban on hold — the us issues a temporary licence to the firm — after google and other us companies were forced to stop trading with the chinese tech giant. live from london, that's our top story on tuesday the 21st of may. huawei's founder is defiant saying his company was prepared for a stand—off with america and that it will win in the battle for 56 business — we'll bring you the latest. also in the programme reusing to reduce waste. plastic is piling up —

so could reusable containers be a way to future—proof the way we buy food 7 and investors are looking for direction today — this is the scene in europe. the price of oil edges higher still on expectations opec and friends will keep in place production cuts. hands across the water. we talk to the man connecting students with experiences in asia. but are internships a valuable step up — orjust a source of cheap labour? as one company starts selling products in metal containers that have been cleaned and refilled, we want to know, are you comfortable with food being served in reusable containers? just use the hashtag bbcbizlive welcome to the programme. we begin with some short term relief for huawei —

the us has delayed imposing restrictions on exports to the chinese telecoms company for three months to help existing customers. the commerce department has temporarily restored huawei's ability to maintain its networks and provide software updates in the us. however, google says it will no longer service the android operating systems in huawei devices. also the chinese company will still be prohibited from buying american parts and components to make new products without license approvals. applications will most likely be denied. huawei says it's been preparing for hostility from washington by reducing its reliance on supplies from the us. it says it bought 70 billion dollars worth of components from 13,000 suppliers around the world last year. within the last few hours, the company's founder ren zhengfei shrugged off us attempts to block his company's global ambitions, saying the united states underestimates the telecom giant's strength.

with me is ben stanton, senior analyst at canalys. let's talk about that three month licence which will now enable companies to keep supporting huawei products. how important is that three months, it's not an awfully long time in the tech world? three months, it's not an awfully long time in the tech world7m allows huawei to continue maintaining its network infrastructure around the world, that's the most important aspect of this, rather than on the smartphone side. it's a reprieve for them but i'd be shocked if this wasn't a calculated move by the us commerce department, it seems as if they come toa department, it seems as if they come to a decision before the ban was made at the end of last week and now, coming into this week, they've issued this reprieve so that the ban initially could have a big impact but the reality of it is it's far more complex than banning outright all of the wild white suppliers.

many industry analysts saying this will have an impact not only on huawei and chinese tech industries but also in the global tech industry and many us companies as well. absolutely. for a start while a is a massive supplier of people across europe, the middle east, increasingly latin america as well. it could be impacted by this. there are other parts to the supply chain which are very likely to be impacted if huawei cannot buy components from us companies anymore if it can't buy let's say a kind of front end module from a us company, it can make as many phones and all of a sudden the components it buys from german manufacturers and other component suppliers around the world, they are going to have to cut the orders for those companies so it has a ripple effect. it's not good for the industry, for consumers and it's certainly not good for the company itself. people talking about huawei developing its own operating system

in light of the developments yesterday regarding google. the latest huawei phones run on android but the company is developing its own operating system behind the scenes in case anything like this we re scenes in case anything like this were to happen as a contingency strategy. it will need to convince western markets of this platform. in china, i think, western markets of this platform. in china, ithink, certainly western markets of this platform. in china, i think, certainly there's a potential for it to lean in direction. google services aren't popular or even available in a lot of instances but in western markets, while weight sells around half of its phones there, there isn't really an appetite, people like android and google services. all this talk about security concerns has done little for the reputation of huawei in the west. consumers are really paranoid about this. go on social media, consumers don't know who to reach out to, is it google or huawei, the retailer from out to, is it google or huawei, the

retailerfrom i out to, is it google or huawei, the retailer from i bought out to, is it google or huawei, the retailerfrom i bought —— for i bought my phone from? huawei has said it will continue to support security patches and phones but it's unlikely they will get access to code from google, google has an android patch every month and it means its competitors can update devices faster than huawei and that's a big problem for them. if you spend 999 euros and a brand—new device it's gutting to have that taken away, that kind of security. after two months of owning it. good to talk to you, thank you. let's take a look at some of the other stories making the news a group of footwear firms, including nike and adidas, have urged president donald trump to take footwear off a proposed list of tariffs to be imposed on shoes imported from china. it comes after the us hiked tariffs on $200bn worth of chinese imports to 25% from 10% earlier this month. us car giant ford has announced it will cut 7,000 jobs globally by the end of august in an effort to save costs.

the plan will reduce ford's salaried workforce by 10% and will be made through both voluntary and forced redundancies, according to the firm. the photo and video sharing site, instagram, says it is investigating reports that a huge database of its contacts has been shared online by an indian firm. according to techcrunch, a marketing company called chtrbox compiled information about 49 million accounts which was stored online in an unprotected location. the data includes email and phone numbers. indonesia's aviation authority has said it may ground the boeing 737 max planes even after us aviation authority the faa clears to return to service according to bloomberg reports. there have been two fatal crashes of the model — the indonesian airline lion air was the first killing all 189 people on board. sharanjit leyl is in singapore...

what more do we know about this story? indonesia is actually signalling it may ground the boeing 737 max jets until next year, even if the plane is cleared to fly in the us. this is according to the director—general of civil aviation in indonesia, telling bloomberg it will make up its own mind after reviewing the fixes that boeing has proposed. she stresses as well that pilots will undergo a more stringent training before they are allowed to fly the jet. we know boeing is making big changes to a software syste m making big changes to a software system that essentially has been implicated in the crashes, both in indonesia and ethiopia. we know these crashes killed nearly 350 people. we know other airlines like southwest, for instance, it's their largest operator of the 737 max jets and they say they want to put the plane back into operation as soon as this summer. indonesia isn't a huge market but it is the south—east

asian biggest economy, the key regional aviation market and the government here —— there has ambitions to build 25 airports as pa rt of ambitions to build 25 airports as part of big plans to build $400 billion worth of infrastructure over the next five years, it's an important customer. it is, thank you. let's look at the markets in asia. pretty flat at the close, to be honest. you can see wall street the night before, tech stocks hit ha rd the night before, tech stocks hit hard because of the problems between google and huawei and the wider implications of what that means. 0il prices heading up, oil stocks, energy companies doing well, seen as a bit ofa energy companies doing well, seen as a bit of a safe haven but let's look at europe. big mover in london today, thomas cook, shares up 9% today. if you want to buy a thomas cook share it will cost you over 11 p. this time last year it was 100 and 30pa p. this time last year it was 100 and 30p a share, in the last four sessions shares for the company down 60%. let's get all of this in perspective, there is day last year it reported a loss of one half

billion dollars. another move at peppa pig, you can buy shares but you can get the company that owns it, entertainment one, 40 3% fall in annual profits today was the announcement, so annual profits today was the announcement, so peppa pig, entertainment shares on the move, hit by a one—off charge. and michelle fleury has the details of what's ahead on wall street today. more and more us companies are speaking out against donald trump's escalating trade war with china. last week we heard from walmart which warned its prices would go up and with the administration considering more products to slap tariffs on, watch out for comments from department stores like coles and nordstrom which are due to report quarterly earnings this tuesday. their results are also expected to have taken a hit from the long winter weather as shoppers typically tend to put off buying spring clothing. now that the weather is starting to improve what impact will that have on america's housing market? a report from the national association of realtors is likely to show sales of existing homes rose to 5.35 million in april,

that's after dropping to 5.21 million in march. jane sydenham, investment director, rathbones investment management thank you forjoining us and welcome to the programme. we've been keeping an eye on the price of oil, relevant in so many ways but it's been rising and it doesn't seem to be stopping. there were one or two attacks on some tankers yesterday, drone attacks on pipelines and there is worry about tensions between saudi arabia and iran and what we got to remember is about a third of the royal '5 daily requirement for oil goes through the states —— the straits of hormuz. there is a general sense the us doesn't really wa nt general sense the us doesn't really want conflict with iran, i don't wa nt want conflict with iran, i don't want to go in there but nevertheless, there are worries because of these constant attacks, low—level attacks. because of these constant attacks, low- level attacks. and because of these constant attacks, low-level attacks. and also, some of the rhetoric coming from the white

housein the rhetoric coming from the white house in the direction of iran and what have you, it's very tense there at the moment, isn't it? and if we talk on and we talk chips, did you see what i did there? chip stocks. do you cook your chips in oil or the oven, but anyway it's unhealthy, sally, you know that. chip stocks, what's going on, huawei and google etc, that entire story has caused so many ripples in amongst the tech shares. it has on reefs in the steepest fall recently since 2008. these shares have fallen by about 15, 17% or thereabouts, that shows you the level of fear and this worry about the separation of supply chains between china and the united states and whether they are separating permanently or for that this is a short—term conflict and it seems to be becoming more serious. 0k,jane thank you, seems to be becoming more serious. 0k, jane thank you, come back in a few minutes and talk papers with us. still to come ...experience

of a life—time — we'll meet the man helping students go to asia for both personal and professional development. you're with business live from bbc news. sources at british steel have confirmed the company is on the brink of administration. the firm — which employs thousands of people at the scunthorpe steel works — is due to hear today whether it will receive an emergency government bailout. ben is following this from our salford newsroom. so nice to see you. tell us what's going on with british steel, eve ryo ne going on with british steel, everyone is waiting for an announcement. good morning and good to be back. an important 24 hours ahead for british steel, you remember it asked for a bailout from the government, for £75 billion and it pulled no punches, saying that was because a brexit related

uncertainty, saying the market had changed and it was struggling to stay afloat. now what we hear is that if a deal isn't done within the next 24 hours the firm will enter administration, putting those 25,000 jobs at risk. there are about four and a half thousand people employed directly by british steel, that's mainly at its scunthorpe plant but also a mainly at its scunthorpe plant but alsoa numberof mainly at its scunthorpe plant but also a number of smaller plants in the north—east of england but there are 20,000 people employed in the supply chain and that's where it gets really important because so many businesses work with british steel, providing parts and labour for the firm and they now stand to lose theirjobs as well if british steel collapses. as you would expect, we've had responses from both sides so far this morning, we've heard from the government and they are referring to state aid rules, making it clear there is a legal and commercial process they say in which the government has to follow the terms of providing loans to companies, they can simply bail out a firm when it comes to them asking for money. but opposition mps

from the labour front bench this morning, andy mcdonald, the labour mp for middlesbrough also in the north—east of england since hopefully a deal can be struck, british steel made it clear to him yesterday, he says, the spectre of a no deal crashed out of the eu is hurting them very badly. and so lots of uncertainty. it certainly seems we are getting to the point where there is concern for those jobs and it's worth bearing in mind, british steel producing 2.8 million tonnes of steel every year, a significant amount. it's also network rail 's biggest supplier to make the tracks for our rail network. thank you for that a quick look at what's on the business live web page, severn trent profits rising, that plenty of other stories on the business live page online. your're watching business live —

our top story — huawei founder ren zhengfei has remained defiant towards us moves against his company, saying the us "underestimates" its abilities. a temporary licence was issued to allow some american companies to continue to trade with the chinese firm. nowadays in a highly competitive labour market, having a degree is just not sufficient. graduates are often expected to prove their ability to work in many different and challenging environments. so having the right work experience is becoming an important factor in helping you stand out to an employer. last year, a poll by research firm, high fliers found that more than one—third of recruiters were unlikely to employ a graduate with no work experience. 0ne company that's taken advantage of the work placement sector to help many people obtain high—level employment abroad is crcc asia. it's a uk based firm which provides work experience placements in asia — and it's the largest company of its kind. daniel nivern is its co—founder & chief executive.

good morning. first of all company what does crc see stand for, its china recruitment, china consulting. originally two organisations, one helping young people to go to china and the other helping british businesses to go to china and we merge them together. explain to us fight work experience is so important these days. as you said, it's a very important and competitive market right now, from between 50—200 applications for every single position for a graduate nowadays so you need to stand out from the crowd into things that employers talk about is work experience and commercial awareness and increasingly intercultural skills and global competency now that the world is more globalised and people need more global skills. right now in the environment we are in at the moment everyone is aware of china and its presence, the world ‘s second biggest economy, many projecting it will be the biggest in the not—too—distant future. you actually went to china the first

time quite a few years ago when you we re time quite a few years ago when you were a student, back then it was not the done thing. it was 2004 and it wasn't. by chinese standards i went toa wasn't. by chinese standards i went to a small city, abouti million people, a small city, about four hours south of beijing and i taught english there. and people were talking about china, of course but i don't think it was quite as important as it is today. obviously china is in the news quite a lot right now and she said, depending on which statistics you look at its either parity with the us in terms of economy or it has surpassed the us, economically. we think it's really important young people go and get experience in and asia. let's talk about cost, obviously the person who comes to you and says i wa nt person who comes to you and says i want work experience in asia has to pay 01’ want work experience in asia has to pay or at least someone has to pay. how much does it cost and how much do you provide? the question, the costis do you provide? the question, the cost is between 3000 and £6,000, depending on location and duration. tokyois depending on location and duration. tokyo is most expensive for three

months, that's around 6000 and ho chi minh city in vietnam is around £3000, including your visa processing, your internship provision, accommodation through the duration of the programme so its serviced apartments served with other students on the programme from around the world. there's a whole sequence around the world. there's a whole sequence of business and social events and in terms of who funds it, the really exciting part is 70% of out the really exciting part is 70% of our students, it's not funded by either universities, so in partnership with universities in the uk, australia or america, partnership with universities in the uk, australia oramerica, or partnership with universities in the uk, australia or america, or in australia and new zealand by the government, the british council in the uk. how do you guarantee good quality work experience for students who find three to £6,000, a lot of money to find, it's always the worry. you end up in shanghai, tokyo, whatever and there's no going back, if it's a rubbish internship you gotta see it through anyway and it might look good on the cv but experience wasn't that great. that's fair. and we do put a lot of work

into making sure the companies are great so we have teams on the ground in each of the nine locations and they are the teams who work with the companies, we do training sessions with the companies, we do awards ceremonies, we have an annual host company awards ceremony, get the best supervisor for example our best placement and we are constantly betting and we work with a range of companies. we work with the bbc in beijing was one of the placements, for example. also some start—ups and smes as well. how do you ensure gender balance and the ame balance. we do run a lot of our own scholarships and we encourage people to look, normally around october or novembertime, to look, normally around october or november time, women to look, normally around october or novembertime, women in to look, normally around october or november time, women in stem to look, normally around october or novembertime, women in stem is to look, normally around october or november time, women in stem is one of the scholarships, we are dry to help more female students to go on the programme who are studying stem subjects. that's science, technology, engineering and maths, correct? yes. we run other scholarships, students with a disability, we do in partnership

with the british council in tokyo, lg bt with the british council in tokyo, lgbt cute with the british council in tokyo, lg bt cute students, with the british council in tokyo, lgbt cute students, care leavers, is a new category we are introducing this year and we are doing our best to try and incorporate as many people as possible. daniel, so good to have you on the programme. thank you. —— lgbtq. the sheer amount of plastic being used by consumers is famously choking the oceans and destroying the environment. one company is launching a new program today that sells products in reusable containers. samira hussain got an inside look at how it works. the recyclables come by barge and by truck, anywhere from 75—90 metric tonnes daily. our obsession with single—use plastic has created a mountain of a problem that is destroying the climate. but a trial programme called loop wants to be the solution. melissa spurr can get everything from her kitchen cleaner to ice—cream in reusable containers.

it changes the way you think about the waste you are creating and the stuff you are putting in your trash. now you are saving all these bulky packages, things that are not recyclable, even. once melissa is done with her products, she sends the containers back. the are then washed and refilled for someone else to use. if every individual made a small change like melissa, just imagine how much less plastic we would use. now, this plant processes the recycled plastics for the city of new york and just look at the sheer amount of waste. loop has the backing of big companies like nestle and unilever. for them, making more expensive reusable packing makes business sense. from a purely financial point of view, you have to future—proof your business. and we firmly believe that people will demand this type of change from companies, from retailers, from the industry around them. it may be that faith in reusable containers that may finally move the mountain of waste. samira hussain, bbc news, new york.

you have been in touch, quite a view. we asked you if you were ok with the city and one viewer says, don't we do exactly the same at home, we reuse plates and containers. as long as the cleaning is appropriate and follows regulations. another viewer in canada says it's fantastic but what the industry will need to do is enforce standardisation. if all companies have to use the same containers no one has competitive advantage over others on the cost of the containers. cost is important. it's done in canada are ready for beer and works fine. one more, another viewer says it will come down to money in the end is everything does come at relatively expensive to clean and reuse compared to buying 10 million at a time from china. the government needs to offer some sort of incentive to get people or companies to do this. it has to be said we had some people saying no. we are not going to use it and i think the issue those people have is they feel

a bit icky about using reusable. is it really clean? in fact sarah says absolutely not. there you go. jane is back with this. the chancellor philip hammond talking to the confederation of british industry but his message is not necessarily for them, it's for those within cabinet. i think so. for them, it's for those within cabinet. ithink so. his for them, it's for those within cabinet. i think so. his point being that even leavers didn't vote for a new deal, they voted to leave with a deal. and we can see how worried markets are getting about that, the slide in sterling this week. this is all to do with the prospect of a new prime minister coming into power. if theresa may were to stand down in the near future and the possibility of borisjohnson the near future and the possibility of boris johnson getting the near future and the possibility of borisjohnson getting thatjob, he is putting himself out there, others are as well. but chancellor hammond saying very clearly the damage to the uk economy if there was to be no deal is a brexiteer prime minister is fine but providing there is a deal. let's talk about

scams. we talk about bitcoin quite a lot on this programme but this story on the bbc website, celebrity being used to promote crypto currency trading schemes which turn out to be scams, that warning from the city watchdog. what's your take on bitcoin and crypto currency? what we got to remember is these are unregulated markets, investors are taking a huge risk and there is no backstop if something goes wrong. so you know, celebrities are endorsing something unregulated, that's a question they need to ask themselves, whether they want to be associated with that. interesting, jane, lovely to have you on the programme and thank you for coming on. thank you for your company. that's another business live over, we keep you across all the business stories as they break on the business live web page and on tv and radio. join us throughout the diaper business news on bbc news. join us again soon. goodbye.

hello, good morning. temperatures yesterday got up to 21 degrees in north yorkshire. today temperatures could be a degree or so higher, more fine and dry weather for most parts of the uk. some showers developing later in the north—east. it's been a wet morning in the north—east of scotland, that rain edging its way into the northern isles. for most of us, some fair weather cloud developing, its dry and sunny. maximum temperatures typically around 15—20d, reaching 21 — 22 degrees in the south—east of england. it's across scotland for the second half of this afternoon in particular, some heavy and thundery

showers developing all the way down through the borders in towards northumberland and durham. you could catch some heavier showers and those will gradually ease as the evening goes on. in the far north of scotland, this area of rain will gradually sink its way south, again one or two mist patches forming by wednesday morning, overnight temperatures reaching 5—8d. a bit of cloud on wednesday morning in north wales, the north west of england, perhaps some drizzle as well. any mist clearing and for most of england and wales, it's another sunny day. sunshine for northern ireland, increasing plant in scotland, the rain edging back into the north—east, top temperatures again 16—18d, quite widely. the pressure chart into thursday showing low pressure in the north—east, wea ker low pressure in the north—east, weaker weather fronts. a weather system weaker weather fronts. a weather syste m d own weaker weather fronts. a weather system down towards the south—west, quite a weak affair, it could affect the far west and south of northern ireland, otherwise for most of us on thursday, another dry day, again

some sunny spells. still the threat of rain in the far north—east of scotland. maximum temperatures on a par with the next few days, really, reaching 16—20d. into the weekend, the bank holiday weekend. this is the bank holiday weekend. this is the situation. i pressure down towards the south—west, but these weather systems into the atlantic starting to make their way towards the uk. i think we will see a bit more cloud around over the bank holiday weekend, there could be some rain at times, especially in the northern half but for many of us, not a wash this weekend. there be some dry and fine weather, the temperatures again, the mid to high teens, fairly warm well. goodbye.

you're watching bbc news at nine with me, annita mcveigh. the headlines: one of the best known figures in motor racing, niki lauda, has died at the age of 70 — his family said the three—time formula 1 world champion passed away peacefully. tributes have poured in from around the world — british former formula 1 champion jenson button called lauda a "legend," while the mclaren team said he would be "enshrined in our history". theresa may will give cabinet ministers the details of what she's called her "new bold offer" today, in a final push to get her brexit deal passed. british steel — which employs thousands of people in scunthorpe — is due to hear whether it will receive an emergency government