you‘re watching bbc news at nine with me, annita mcveigh. the headlines... this is business live from bbc news with ben bland and susannah streeter. bring it on. chinese telecoms giant huawei asks warnings over council cash for care services, the us courts to speed up its legal as new evidence emerges battle with washington. of the financial pressures live from london, that's our top on local authorities. story on wednesday 29th of may. you almost feel like you want to ta ke you almost feel like you want to take your mother to the council and say, "i‘ve had enough, take your mother to the council and say, "i‘ve had enough, i take your mother to the council and say, "i‘ve had enough, i can‘t cope anymore, and what are you going to provide for mum?" enough tory leadership candidates huawei says the us is using to make up a football team — "the strength of a nation" brexit ministerjames cleverly to try to crush a private company. becomes the 11th to enter the contest. washington insists the firm poses dozens of tornados have left a trail of destruction across eight us states. a real threat to national security. forecasters warn more are on the way. we'll hear from our correspondent danger on the slopes of ben nevis — robin brant, who's at huawei. five people have died on britain‘s also in the programme... mission to tokyo. the boss of renault tries to persuade nissan to support

a proposed tie—up with fiat. on the markets, concerns about a global economic slowdown weighing on markets in europe and asia. keeping fit — and looking cool. we'll meet the man who says you can be chic whilst cycling. plus mackenzie bezos — the former wife of amazon founder jeff bezos has pledged to give away half her 36 billion dollarfortune — today we want to know — if you were a multi billionaire — how would you spend the money? let us know — just use the hashtag bbcbizlive. hello and welcome to business live. ifi if i were giving away half my fortune i would give it to my colleagues, of course. nonsense! we start with the beleaguered chinese telecom firm,

huawei, who is asking the us courts to speed upjudgment in its legal battle with the government over president trump's decision to ban the company from doing business with it. huawei is requesting what's known as a ‘summary judgement‘. two weeks ago the trump administration added huawei to a trade blacklist, banning the chinese telecoms giant from acquiring technology from us firms without government approval. then google announced it is going to cut off huawei phones from future android updates on its devices. the move will block huawei from using apps such as maps and gmail on its phones. it's since been reported that huawei is about to unveil its own operating system. robin brantjoins me now from huawei's headquarters in shenzhen. what with the key points in the press c0 nfe re nce what with the key points in the press conference earlier? we heard from two of the company's senior executives, including its chief

legal officer and they explain not that this is a new legal effort to try to deal with the confrontation with the us, but it wants to speed up with the us, but it wants to speed up the process. it launched back in march in the courts in texas saying it believes the us government has illegally and specifically targeted huawei with restrictions that means it cannot do business with the us government and more recently restricting business with american firms such as google. it believes it has a strong case. it may want to avoid a trial, so it is pressuring the court to come forward with what is called a summaryjudgment. it has a hearing in september the 19th. that is a speedy way to try to get this process up and running. why is it doing it? huawei, it is at the forefront of a global pr campaign to try to wrest back momentum. we have seen further restrictions from the

us government. there was talk about america's poorer rural communities ina america's poorer rural communities in a presentation earlier and talk about savings of possibly $20 billion that customers in the us could make if they were allowed to choose huawei products. it is no doubt the actions taken by the trump administration has started to bite and huawei needs to do everything it can legally to bring this to a halt. it is interesting how the company frames it, trying to broaden it out and say it may be against telecoms today but it could be against other companies in future. huawei believes it is being persecuted essentially as part of a political campaign led by donald trump and some of his hawkish advisers who say that this company is a threat to national security. huawei denies that. the allegations it is close to the chinese government, close to the

communist party, that it is controlled by the communist party of china is something it stringently denies. the reality is restrictions put in place are starting to bite and huawei was asked, could it be devastating for the company and with the company still be around in a year? they said their business plan goes beyond 2020 but they see a long—term future. goes beyond 2020 but they see a long-term future. thank you. alan burkitt—gray, editor—at—large of the telecoms news site capacity media. you heard robin talking about what huawei executive said about the independence of the company from the chinese government. what truth is there in that? it is hard to say. there is a share register that people can access. i know westerners who work there for huawei and they get shares and dividends. as far as ican get shares and dividends. as far as i can see it is not a public company quoted on the new york stock exchange like others we know. it is i think exchange like others we know. it is ithinka

exchange like others we know. it is i think a company and by employees. let's look at it from the us side and president trump said he believes huawei is potentially dangerous but he has also hinted this crisis could be part of a wider trade deal. so the two do not add up? you have to look at the background. not only do we have a china versus us trade war, we have a china versus us trade war, we also have donald trump fighting a battle against iran and i think the fa ct battle against iran and i think the fact that huawei was found to be smuggling equipment to iran that included us technology without permission against the us embargo is probably at the heart of it. it is what happened to huawei's smaller rival last year. ending up paying a dollar fine. what is the future for the company? they have customers but they are likely to dwindle. the company? they have customers but they are likely to dwindlem cannot continue because the telecoms industry is so integrated. we are on

the verge of the next generation of technology and huawei has 30% of patents essential so even non—huawei companies are using huawei patents to develop sg companies are using huawei patents to develop 56 technology. almost the sg to develop 56 technology. almost the 56 network will be brought to a halt for the next few years. we will have to see what those trade talks come up to see what those trade talks come up with. thank you. let's take a look at some of the other stories making the news. new zealand's main opposition party has denied hacking into the government's computer systems to steal documents relating to the country's budget. the national party, which leaked details of the budget two days ahead of schedule on tuesday, says it got the information legitimately. the treasury says its systems were deliberately hacked, with more than 2,000 attempts since sunday. the us treasury has decided not to name any of its major trading partners as currency manipulators. however it did find that nine countries, including china, required close attention as washington uses

tariffs and negotiations to address trade deficits. president donald trump has repeatedly accused beijing of manipulating its currency. still on china — shares in the country's rare earth producers havejumped amid reports beijing is considering restricting exports of the minerals to the us. it comes as the trade conflict between the two countries escalates. the rare minerals are vital for many us technology industries including high—growth sectors such as electric car and wind turbine production. renault chairman jean—dominique senard is in tokyo for meetings with the nissan board today as he attempts to try to sell the japanese car maker on the proposed tie—up with fiat. sharanjit leyl is in singapore. how much of a job does he have? quite a big one. you mentioned that

he is in tokyo very much with one thing on his mind and that is to convince nissan the proposed merger between fiat chrysler automobiles and renault will be a good idea. he attended a meeting according to bloomberg for the board that oversees the alliance between nissan renault and mitsubishi autos and while they did not discuss what went on there is speculation that under the terms of the fiat proposal nissan will gain voting rights, 7.5% in the new entity. at the moment they have no voting rights attached and it will be seen as an improvement. a merger would dilute the french state control over renault and subsequently over nissan, which is something the japanese company has been concerned about. if the merger goes ahead, nissan would be part of a global carmaking force that would produce the most cars in the world and that isa the most cars in the world and that is a whopping 15 billion a year and

nissan would be able to help fiat and renault gain access to markets like china,japan and and renault gain access to markets like china, japan and the rest of asia as well as electric car technology. thanks. looking at the markets. asian shares sank as investor sentiment soured over growing worries about world growth. trade tensions between washington and beijing showing no signs of easing. quite the opposite — the trump administration saying nine countries including china required scrutiny over their currency practices. tensions over italy are also bubbling with deputy prime minister matteo salvini saying eu budget rules should be changed. that is weighing on the european markets. taking their cue from asia, european stocks tumble this morning, as investors rush into safer assets. fears over the us—china trade war also hit oil markets, where prices sank, coming after crude suffered its worst loss of the year last week.

an index of us consumer confidence on tuesday registered an unexpectedly strong jump for may, but it was not enough to calm investors‘ fears. and samira hussain has the details of what‘s ahead on wall street today. climate change protesters will be outside a hotel in dallas when exxon mobil will hold its annual shareholders meeting. exxonmobil is one of the largest oil and gas companies but it faces criticism for not doing enough on climate change. some shareholders say they will not support the re—election of all board members because of the oil giant‘s inadequate response to the global environmental crisis. also on wednesday, abercrombie and fitch will report earnings. its surfwear brand hollister has done better with consumers than its namesake line. but investors will be paying close attention to any comments the company makes on supplies or pricing

if washington‘s new proposed tariffs on chinese imports is implemented. joining us is laura foll, fund manager, global equity income at janus henderson investors. the ongoing trade war with indices across the world falling over the past 12 hours or so. interesting we have bright spots. china‘s rare earth producers have jumped. have bright spots. china‘s rare earth producers havejumped. and it ties into the same story? there is the odd bright spot but the indices almost across the board are down and this is about concerns over global growth. you recall trumpeting 25% ta riffs growth. you recall trumpeting 25% tariffs on some chinese exports which is filtering through and people worry economic growth will be slower than expected and that is hitting safer assets like government bond deals which are coming down. because of the tariffs coming on to certain exports and imports, it

means some will be in shorter supply which is why we are seeing a jump. there will be winners. overall you would expect more losers than winners in terms of growth coming down but there will be companies that will have tariffs put on and will be beneficiaries if china goes ahead and puts export restrictions on rare earths, they would benefit. talking about bonds. giving an interesting indication about investor sentiment. and the views of the likelihood or chances of even the likelihood or chances of even the world economy going into recession. just for context, when investors are nervous about global growth, they tend to have lead to government bonds which pushes yields down and that means governments will pay less on government debt and what you saw yesterday is the us government bond yield for ten year duration came down and it shows people are nervous and would prefer to be in government debt than shares. that is reflected in output figures from china. you are seeing

mixed data. in some cases, particularly measures like employment in the uk and us, quite low, but mixed manufacturing and industrial data. thank you. you will be back later to talk about the papers including what would you do if you were a multi—billionaire wanting to give away your fortune. still to come... fit, fast and fashionable. not me and suzanne! we‘ll talk to the man aiming to make cyclewear sexy. you‘re with business live from bbc news. the grocery market grew 1.3% year on year as the discounters continue to gain customers — aldi and lidl are worth a collective £3“; million more than this time last year — and aldi has attracted nearly one million more shoppers. tesco remain the biggest

supermarket with a 27.7% share, chris hayward is a consumer specialist for kantar. give us the highlights from the latest survey and what it tells us about this particular part of the uk shopping sector. the market has seen growth and i think we have seen the troubles on the high and grocery sector is nothing than resilient and the big figures are for aldi and lidl with a million more shoppers for aldi and 600,000 more for lidl but you have to remember that shops like co—op have seen good growth and although being squeezed, we know tesco performed well. what do you think it is, that shoppers are buying in supermarkets rather than in other stores on the high street? what does it indicate? it is an indicator of uncertainty. there are a few things to think about, with

the uncertainty in the country, what cycle wallet fragility with people less willing to take risks and more willing to search out value and the way i do that is by cheaper products oi’ way i do that is by cheaper products or go to cheaper supermarkets. growth is down on last year, because we had a fantastic may last year with event television and royal weddings in football, whereas this year we have not had the weather and events. if i were a grocer i would think i was well—placed because we have the cricket world cup, two football finals with british interest, the netball world cup in july and wimbledon so plenty of things for retailers to hang their hat on and try to get the spend back into the store and occasions. thank you very much. there is plenty more updated throughout the day on the business live web page and on there right now, boots and a plan to close up right now, boots and a plan to close up to 200 stores and analysis saying

business rates are part of the problem for boots in terms of costs and overheads and there is more analysis on there. you‘re watching business live. chinese telecoms firm huawei accuses the us of using "the strength of a nation" to crush a private company — and asks the us courts to speed up its legal case against washington. but the trump administration maintains its ban on the company is justified on national security grounds. a quick look at how the markets are faring... this is the picture across europe. investor sentiment moving away from risky stocks and shares and more to safe havens. various concerns, particularly the trade war between the us and china fuelling fears of a

potential slowdown in the global economy. cycling, these days it‘s notjust about getting around, but about how stylishly you do it. worldwide, the cycling clothing market is already valued at more than $2.5 billion, and is growing rapidly. one company tapping into that is french cycling apparel brand cafe du cycliste, which was started by a professional kayaker with a love of high—performance sportswear. the company was recently included in the ft 1000 ranking, an annual list of europe‘s fastest—growing companies. with us now is remi clermont, co—founder and creative director, cafe du cycliste. i hope the pronunciation was not too far off. good to have you with us. your background is not in cycling, you were in kayaking. your background is not in cycling, you were in kayakinglj your background is not in cycling, you were in kayaking. i was. your background is not in cycling, you were in kayaking. iwas. but there was a link because of the technical needs of garments that are

similar. i have a background in cycling because my dad has always been a cyclist. i am french and live with tour de france, going to a stage when i was a kid. you did not think that kayaking equipment was the best business opportunity. when did you think you had a business idea or did you fall into it? it started as a small project with my business partner. we started a small cafe in the backcountry of nice and initially it was to make a cycling clothing range for the cafe because what we found in the market we did not like too much. it was not what we considered cycling clothing should be. our vision was different and we started it as a small project and we started it as a small project and the clothing range became bigger than the cafe and we move to something different. do you think cyclists are going off like i? your clothing with the breton stripes is

not lycra focused and i know from experience there are people who do not want to wear lycra. the perception of style is personal but what is important is to stay, we think, to stay who you are when you are on the bike and you do not have to dress up as something you are not and that is why we went into business. it is not so much lycra because still there is a technical element. a cycling garment has to be technical and there are some things you cannot avoid with the product but you do not have to look like a professional cyclist. i wonder how much of this is down to the popularity and i suppose the status of being someone who looks like they do exercise in cycle. sometimes, you see people wandering around. you think you are walking around in cycling gear just think you are walking around in cycling gearjust to look think you are walking around in cycling gear just to look the think you are walking around in cycling gearjust to look the part. a lot of it, for example this morning in london, i love coming to london because i see a lot of people cycling to work. a lot of them i see

them and i think, they are notjust cycling to work, because of what they look like and the equipment they look like and the equipment they have. the legs. cyclist look at cyclist‘ legs. these guys obviously cycle at the weekend for leisure, so it means they are notjust using it asa it means they are notjust using it as a tool, it is a lifestyle, to commute, may be to lose weight, get fit, have fun. this is why i think it is growing, because it is more than just it is growing, because it is more thanjust a it is growing, because it is more than just a sport. i love the fact that as a cyclist i have a permission to look at men‘s legs. it is interesting that you have expanding into clothing. a lot of other sports companies do that. they set up running clubs. there is a company that set up as a running clu b company that set up as a running club and now sells mainly clothing. is that your business model? you see that equipment like this is the way to make money. because cycling is

becoming more than just... to make money. because cycling is becoming more thanjust... it to make money. because cycling is becoming more than just... it used to be cycling to work, for fun, exercise. now cycling is part of your life and clothing comes into that. you want to wear clothing that represents who you are and if cycling is part of who you are, obviously apparel can follow you in your cycling and around, before and after cycling, and a different type of cycling, because there are so many ways to cycle and you can mix them. where in the world is the best market, where you get the sense cycling clothing and apparel is most popular? it is getting popular everywhere. our market is across the world, we sell into 80 countries. the uk is a big market and this is where we have a retail store, in london, and we focus a lot on the uk. but really it goes from asia where cycling is booming, northern europe is a big market, the us, we

do not touch that market too much now but we know it is big. you just said everywhere in the world. that is all the markets. for me, it is part of the movement. it is not changing anything. it is bringing more people into cycling. thank you. pages, but first in a moment, we‘ll take a look through the business pages, but first here‘s a quick reminder of how to get in touch with us. stay up—to—date with all the business news as it happens. analysis from editors right around the globe. we want to hear from you. get involved on the bbc‘s business live web page. you can find us on twitter and facebook. business live, on tv and online. laura is back. the

first story is all about mckenzie bezos will pledge half her fortune and give it away to charity. i am not sure whatjeff bezos will do with his fortune. he said he commended her. what would you do, where would you put your money?m only. it is admirable what they are doing. it is part of the giving pledge launched with bill gates and warren buffett. mark zuckerberg has also signed up. i would love to do something like this. maybe one day i will be a billionaire as well! we have been asking what you would do if you have that much to give away and simeon said he would establish hopefully successful businesses in areas that interest me and invest in property and give some to family and donate to great ormond street

hospital. and set up a foundation helping the homeless. another said helping the homeless. another said he would spend on technology that helps save the planet and prevent global warming. i want helps save the planet and prevent globalwarming. i want to move another story. it is all about facebook and the fact that they are in hot water, the founders, because they have refused to appear in canada. facebook is always treading a fine line between allowing free speech and in some cases inaccurate information, and censorship. in the canadian elections they say they are going to allow misinformation to remain and that has got them in hot water as you would imagine. the problem is that mark zuckerberg and another have not turned up to a parliamentary committee and as you would imagine, that has not gone down well. and they landed in canada, and if they came across the border they would be summoned. they

would be forced onto the committee to discuss it. that is a story we shall watch. thank you for coming into the studio, laura. more business news throughout the day. hello, you may have heard it will turn very worn by this weekend. temperatures gradually rising throughout the rest of this week. today could be fairly cool again, particularly across western areas, where there are increasing amounts of cloud and rain moving eastwards. you can see this warm front that is providing the rain as it moves east but a south—westerly wind means across northern and eastern parts of england and across northern scotland, while there will be sunshine into the afternoon, it should be warmer on the coastal areas. further west, the rain moving

through northern ireland, south—west scotla nd through northern ireland, south—west scotland and north—west england, certainly in wales, and central parts but the wind coming from a south—westerly direction and so temperatures up by a few degrees on the north sea coast. elsewhere, still probably cool. through tonight, we will continue with rain. mainly affecting northern parts of the uk and further south it should be drier with may be clear spells, but quite mild for many tonight. a little bit colder further north across scotland tonight. but the warm airwill across scotland tonight. but the warm air will stay with us over the next few days, coming in from the south—west, pushing colder air further north. temperatures will rise on thursday. with that there will be sunny spells, especially for central and southern parts. further north, patchy rain across north

wales, north—west england and scotla nd wales, north—west england and scotland and northern ireland on thursday but the temperatures will go thursday but the temperatures will 9° up thursday but the temperatures will go up to 18—23. it is the far north of scotland, still in the colder air. into the weekend, temperatures getting even higher. mainly across south—eastern parts of the uk. 27 celsius. further north, more u nsettled. celsius. further north, more unsettled. more cloud and outbreaks of rain certainly over the next few days into the weekend and that is an example of north—western parts. u nsettled example of north—western parts. unsettled but still temperatures getting up to 15—18. towards eastern and southern parts where you will have the best of the sunshine and temperatures will be higher. in the london area, and the south—east on saturday, temperatures up to about 00:28:48,364 --> 4294966103:13:29,430 27 degrees. goodbye.