is it stadia? i should have checked, ido is it stadia? i should have checked, i do apologise. good evening, it has just gone 9:30pm in los angeles, and we believe it is google stadia, evocative of the stadium, an arena of gaming, that is their bright frontier. a big challenge for this is the business briefing, i'm sally bundock. game on. we visit the world's largest gaming expo, and get the lowdown on why microsoft and sony because their the industry is moving cloud offerings are just in their towards streaming. infancy, really. sony has had one for a few years but it doesn't strea m for a few years but it doesn't stream games in ultrahigh definition. we will have a go on it hopefully at e3 and it will launch everyone is crazy about going inside in october. there is a lot of talk about cloud gaming, of course, dave to see what is the next thing. we lee talking about microsoft's wa nt to to see what is the next thing. we want to be the first one in line to see what is in the future and what console yesterday. he challenged the is coming out. and pakistan's government unveils a tough budget, in the hope of securing a large loan head of xbox to say why are you from the international monetary fund. and on the markets: bringing out a console when it is the focus once again is on the trade all about streaming? what are you hearing about this? well, it's a bit spat between the us and china, with of both, really. with cloud gaming, new threats from the white house to you don't have to buy a console, you

raise tariffs on china if president never have to upgrade your console oi’ never have to upgrade your console or buy a new computer, you never have to download a software update xijinping doesn't meet raise tariffs on china if president xi jinping doesn't meet with president trump at the 620 summit. ever again, but there is another side of it. because what happens with game ownership? do you really only game that you stream? what happens if google gets bored with its service? google often switches off services that aren't doing well. one of the world's biggest if it switches off the service, have gaming events, called e3, you lost the games? if you have a kicks off in los angeles later today. it comes as the industry moves away from traditional consoles disk, you can keep it in the attic for yea rs and towards streaming. disk, you can keep it in the attic for years to come and play it again. the argument is far from settled. it will be a brave new world, but consoles are probably here to stay. microsoft has announced its project the video gaming market is enormous. scarlett, that was a big reveal on it is estimated there are 2.3 the stage. they are still working on billion gamers globally, with sales of $137 billion last year a new console which will play games alone, and streaming is becoming a big earnerfor the industry. in the traditional way, and even though sony is not here at e3, it it is thought the game fortnite brought in $2.1; billion last year. at e3 in los angeles, has teased its ps five. it is attention will be focused on devices like this, google‘s stadia, working on its next generation which once launched will let users console. so the hardware is here to stream games over the internet, for a monthly subscription. microsoft is also getting stay. as you mentioned, it is in on the streaming market,

and plans to launch a beta getting late there now. service in october. 00:02:02,584 --> 2147483051:37:46,007 our technology reporter chris fox 2147483051:37:46,007 --> 4294966103:13:29,430 is at the event in los angeles. georgejijiashvili, senior analyst at 0vum, joins me now. you were listening into all of that, i don't know about you but i am quite jealous i don't know about you but i am quitejealous i i don't know about you but i am quite jealous i haven't i don't know about you but i am quitejealous i haven't got i don't know about you but i am quite jealous i haven't got that gig. quite jealous i haven't got that gig, covering that event. give us your take on this whole issue of streaming, cloud gaming versus the console. are you with chris in thinking they are all here to stay, it is just thinking they are all here to stay, it isjust a thinking they are all here to stay, it is just a new development as opposed to the console becoming a thing of the past? that's right, i would agree with what chris said here. i think it isjust would agree with what chris said here. i think it is just the next step for consoles. i think consuls are here to stay, i think over the next five years we will see kind of new consoles hitting the market, but cloud gaming will be an evolution of the way we game. what does it mean for the industry? who are the winners and losers when it comes to streaming and cloud gaming, as you

call it? so there have been lots of doomsday stories about consoles with cloud gaming, saying that this is the end of consoles as we know it. but i think that this is a blessing in disguise for microsoft and sony, because cloud gaming basically allows them to reach a much wider audience than what they could have done byjust selling the consoles. what about the game makers themselves? you will be paying a monthly subscription to microsoft or whoever for your monthly subscription to microsoft or whoeverfor your gaming, monthly subscription to microsoft or whoever for your gaming, instead of purchasing a game directly for, you know, £30 or whatever it might be. well, the business case for cloud gaming is still being worked out. as we saw with the stadia announcement, it won't be just one monthly flat fee that gamers will have to pay. they will still have to make one off purchases to buy the most recent games. and obviously this was met with some scepticism on the gamers'

part, because they still have to buy games as a single copy. but i think this is a business case that the industry will have to figure out. we have to leave it there, butjust quickly, are you a fortnite fan? not so quickly, are you a fortnite fan? not so much, i am more of a quickly, are you a fortnite fan? not so much, iam more ofa pub quickly, are you a fortnite fan? not so much, i am more of a pub player. it is just another pastime, like watching videos. i only ask because i have a few addicts in my own home. thank you for being on the programme. later today, pakistan's government will present its first federal budget for the fiscal year 2019—20 in the parliament. prime minister imran khan has said the country face an unprecedented economic crisis, as his government forecast growth of 4% for next year. let's go to secunder kermani, bbc correspondent in islamabad.

so what are we expecting in this budget? well, as you say, in may, pakistan agreed with the imf a start level agreement for a $6 billion bailout. but that agreement hasn't. .. that programme, bailout. but that agreement hasn't... that programme, i should say, hasn't formally begun yet. so it is clearly going to be an influence over this budget. there has been a lot of talk about the need for austerity measures in the lead up to the budget. pakistan has an extremely low rate of direct tax collection, so we are expecting some measures to increase tax revenue, quite possibly through increased indirect taxes on things like electricity, gas, electronic appliances. the prime minister has already announced a tax amnesty as a means of trying to increase direct tax collection. the big challenge for prime minister imran khan's government, which was elected last year promising to turn pakistan into

a welfare state, is to increase government revenue but at the same time improve services for ordinary people, and as you say, boost growth, which has been declining. historically, the government has a lwa ys historically, the government has always been quite a lot on the military. is that expected to change at all, do you think? a significant proportion of pakistan's expenditures go on debt servicing and on the defence budget, and as you say, there's been a lot of criticism of the amount spent on the pakistani military. they would argue thatis pakistani military. they would argue that is necessary given the country's hence relationship with india and the threat from militant groups within the country. prime minister imran khan had said that the military had voluntarily agreed to cuts to the defence budget, but there seems to be some confusion as to whether they will actually be cuts or whether there simply won't be an increase to the defence budget. we will have to find out the exact details later today. thank you so exact details later today. thank you so much, it will be interesting to see what is in it when it is finally

revealed. now let's brief you on some other business stories: the trump administration has given mexico 45 days to cut the number of migrants crossing its territory on their way to america or face having tariffs slapped on its goods. at the same time, the us president warns he is ready to impose another round of levies on chinese imports if a deal isn't reached with xi jinping at the group of 20 summit later this month. beyond meat has continued its sizzling stock market run. the veggie burger maker's shares rose more than 20% in new york overnight. the company's stock market value has nowjumped by almost 600% since it went public on 2 may. you can see we you can see we have you can see we have gains across the board, although modest gains, as we

have already mentioned, a new threat of further tariffs on chinese goods if president xi doesn't agree to meet with president trump at the 620, in meet with president trump at the g20, in osaka, at the end of this month. how will china respond to that? that is your business briefing. nurseries in some of the poorest areas in england say they could be forced to close because they are not being paid enough to run a government policy. local authorities receive just under £5 an hour to fund free care for three— and four—year—olds in term time, but the early years alliance says a survey of childcare providers suggests that leaves them with a shortfall. 0livia richwald reports. if you do, the big bad mouse will be

after you... this nursery in bradford serves a deprived part of yorkshire. many children need extra support. the staff are highly trained, but it's getting harder to cover the costs. our funding went down, and yet costs have all increased, because national living wage and minimum wage is going up year—on—year. it's getting tighter and tighter. free early years education has been incredibly popular with parents, but for years now, nurseries have been telling the government they arejust now, nurseries have been telling the government they are just not getting enough money to do the kind ofjob they want to do. so as a result, more and more nurseries are now charging parents or asking them for a financial contribution. but, in some places, that's just a financial contribution. but, in some places, that'sjust not possible. parents here are asked to contribute just £12 a year for a fund, and that is paid in instalments. a survey of providers for the early years alliance found that more than 40% had cut back on

buying learning resources, and almost 20% had reduced the quality of their food. they are starting to reduce the quality of staff that they recruit. they invest less into training, and they will accept less children from disadvantaged backgrounds. that surely is the com plete backgrounds. that surely is the complete opposite of what this government argues it should be doing in terms of social mobility. the government says it is spending £3.5 billion in early years education this year alone, and lower income families can get extra help via universal credit. this is the briefing from bbc news. the latest headlines: the us warns mexico it will impose trade tariffs if their plan to reduce border crossings into the us falls short. a pilot has died after crashing his helicopter into a skyscraper in new york during bad weather.

now it's time to look at the stories that are making the headlines in the media across the world. we begin with the daily telegraph. the uk environment secretary, michael gove, is challenging boris johson, the frontrunner with most of the bookmakers, to stay and fight. now, let's look at the financial times. vietnam has vowed to crack down on companies relabelling chinese goods in an effort to avoid us tariffs. vietnam is an increasingly important export hub in the asia—pacific region. next is is the sydney morning herald. it cites a report claiming kimjong—nam, the half—brother of north korean leader kim jong—un, killed at kuala lumpur airport in february 2017, had been an informant for the cia. now on to the independent.

retail technology firm 0cado has bought a majority stake in europe's largest operating vertical farm, investing $21.5 million in the innovative, more environmentally friendly food production system. and finally to the times. angels with blue faces, a book written by the murdered northern irish journalist lyra mckee, is to become available to order later this month. the book investigates the ira killing of ulster unionist mp robert bradford in 1981. with me is mark davies, ceo at the strategy consultancy camberton. we picked out the telegraph, its headline is" gove tries to deflect cocaine row with desperate taunts at boris". just for those who don't know, the telegraph is very much in favour of borisjohnson. know, the telegraph is very much in

favour of boris johnson. he know, the telegraph is very much in favour of borisjohnson. he writes for the telegraph, he had a column for the telegraph, he had a column for quite some time. he still does. 0k, he still does. what do you make of this front page. two very different takes, you're absolutely right, the telegraph has gone for boris not just on right, the telegraph has gone for boris notjust on the front page but all the way through the paper. there are comment pieces which basically support boris. 0wen paterson, bmp, has written a piece his tax—cut position,