this is worklife from bbc news, with sally bundock and karin giannone. as tensions over a us—china trade war are easing, will the next trade battleground be europe... live from london, that's our top story on thursday 2 january.

president trump has said he will sign a trade agreement with beijing this month — but big commercial disputes still remain between the us and europe we'll bring you all the details shortly. this also in the programme the battle to take on amazon in india is hotting up — as asia's richest man enters the fray to start a grocery delivery and... the smartwatch is no threat to switzerland's luxury watch makers. we hearfrom the president of the prestigeous patek philippe brand and we'll be getting the inside track on impact investing in stocks and shares which focus on equality, tackling climate change and disruptive technology. and many people say they are giving up meat this january and opting for plant based foods. some big names in fast food are cashing in on the trend and launching new plant based options. we'd like to know what are you giving up as we enter

a new year? or perhaps, what you aren't giving | let us know — just use the hashtag bbcworklife. hello and welcome to worklife. is this a veganjanuary for is this a vegan january for you? is this a veganjanuary for you? i have to say, i am giving up giving up have to say, i am giving up giving up things! we begin with the us—china trade war because the biggest business news story of 2019 is set dominate at least the start of this year. that's as donald trump has said he will sign a long—awaited trade agreement with beijing this month. the so—called "phase one" deal, is expected to reduce tensions between the world's two biggest economies. but it's not all about the us and china. the new eu trade commissioner phil hogan is expected to meet with us trade representative robert lighthizer this month to resolve the various trade issues between the two. most at issue is the french digital

services tax which came in late last year. christophe bondy is an international trade and investment lawyer. thank you for coming in and happy new year. the new eu commissioner seems set on solving trade issues between the us and the eu but how much work is there to do? there are at least three main issues to address, sally mentioned the issue of the french digital still services tax which came online earlier this year and will be retroactive to the beginning of 2019. the us has announced it is going to impose about two and a half billion dollars ta riffs about two and a half billion dollars tariffs on that, that's an issue that will have to be addressed. there is the counterbalancing following our bus tariffs issue, us has already imposed tariffs against the eu in relation to our bus. the eu is expected to the same against boeing and thirdly, the reform of the wto, the appellate body, has been non—functioning since december, the world no longer has this means

of resolving international trade disputes and it's a big problem. saying that, i'm imagining we have a tough year ahead when it comes to us europe. yes, and i think more generally. the us has announced she said, phase one with china. as the word implies, it's only the beginning, what it sounds like is a rollback of some of the existing ta riffs rollback of some of the existing tariffs that have been applied to china by the us but not all of them, don't forget they are now at about half $1 trillion worth of goods subject to tariffs. and perhaps some gestures, overtures by china towards market access and dealing with intellectual property but again, the details of that are not clear right 110w details of that are not clear right now and many suggest they are simply from level issue so i think the issueis from level issue so i think the issue is that the us is heading into an election year and the president wa nts to an election year and the president wants to show that he is winning, which is his word. how much effect do you think the upcoming presidential election will have on this because the rhetoric is surely going to be heated even more,

putting america first? absolutely, it's huge, the whole idea, this presidency has been dominated by using international trade is a kind of stick to beat other countries, in order to achieve certain domestic goals. us gdp is actually quite low, growth is quite low right now, i think around 1.7% for the last years of the us economy is soft and the dangerfrom the of the us economy is soft and the danger from the us of the us economy is soft and the dangerfrom the us president pulls back —— pots—macro perspective is the economy continues to soft and so i think the rhetoric will continue, there may be announcements of these winds but the devil is in the detail, when is it actually win? you say the us economy is soft, some might argue it was predicted to into recession so it's a lot better than many predicted but as the us better 01’ many predicted but as the us better or worse off as a many predicted but as the us better or worse off as a consequence many predicted but as the us better or worse off as a consequence about the actions of this president?” think what economists have shown is that in terms of us china trade, there's been a reduction, and impact

on us gdp. negative impact? yes. there's a buzz word going around about the us is decoupling its economy from that of china and that's going to have long—term, probably, downward impact in the sense that there will be fewer opportunities outside the us, more ofa opportunities outside the us, more of a turning inward, so opportunities outside the us, more ofa turning inward, so i opportunities outside the us, more of a turning inward, so i think, what it has cast over the world economy is a great deal of uncertainty and that has an impact on investment and that can have an impact on long—term growth. on investment and that can have an impact on long-term growth. thank you very much. that's something we will discuss throughout the year, that's my prediction in 2020! let's take a look at some of the other stories making the news turkish airlines has agreed a compensation deal with planemaker boeing over the grounding of the boeing 737 max following two fatal crashes, the carrier says. it did not specify the size of the payment but turkey's hurriyet newspaper reported that it was worth $225 million including $150 million in compensation and $75 million for spare parts and training.

airbus has become the world's largest planemaker for the first time since 2011 after delivering a forecast—beating 863 aircraft in 2019 according to airport and tracking sources. a reversal in the pecking order between the two giants airbus and boeing had been expected as the crisis over boeing's grounded 737 max drags on into 2020. the plan to smuggle former nissan chairman carlos ghosn out of japan was reportedly crafted over three months. the reuters news agency also says the fugitive executive met lebanon's president after fleeing tokyo. it marks the latest twist in a year—long saga that has shaken the global motor industry. a conglomerate run by asia's richest man has started rolling out a challenger to amazon in india. mukesh ambani's

reliance industries said it has been inviting people to sign up to its grocery delivery service. suranjana tewani is in mumbai tell us more. well, this venture has long been regarded that groceries and grocery deliveries is the next big frontier in india. that's because india is one of the fastest growing smartphone markets but also because retail and groceries is largely unorganised. so that element of getting groceries delivered to your doorstep, that's something that everyone wants to cash in on. reliance has said it is launching the venture in three suburbs of mumbai and is inviting customers to sign up and its selling point is really that its sourcing those groceries that it wants customers to buy from local stores so it's protecting local business in a

sense, as well. reliance, of course, makes everything and has businesses in many things including telecoms and oiland in many things including telecoms and oil and it's hoping that its telecoms customer base, around 500 million subscribers, will be the customer base for this new e—commerce venture as customer base for this new e—commerce venture as well. customer base for this new e-commerce venture as well. it could have huge potential. thank you and good to see you. let's talk about financial markets. the first trading day of 2020. let's look at europe. 0ne day of 2020. let's look at europe. one of those are european, so we won't look at europe right now. let's see how things went in asia. slightly, japan shot for a public holiday and that was the last trading day in the us. the end of last year. trading day in the us. the end of last yea r. lets trading day in the us. the end of last year. lets me mention some nice little facts. if you invested in the nasdaq last year, if you stuck with it and you didn't bail when it got scary, you would have seen a return of over 35%, not bad at all, better than a savings account.

what about the dow jones? than a savings account. what about the dowjones? 22% up, you would have been, if you stuck with them throughout 2019. looking at europe, lets see how the new year is kicking off, allup, lets see how the new year is kicking off, all up, france up by almost 1%. germany up by a third of the the ftse 100 not germany up by a third of the the ftse100 not a spectacular 2019, still 12% which isn't bad really if you compare that to the return on your account dam account or savings account. hindsight is a wonderful thing. back to you. hindsight is very good indeed. sally, thank you. time now for our daily look at some of the newspaper and website stories which have caught our eye. drjessica wade is a physicist who has been campaigning to raise the profile of women in science. welcome to you, we start with scientific medical three making the news today. exciting, collaboration between google, imperial and a bundle of universities around

the world, using artificial intelligence to diagnose breast cancer and how successful that's been in a big recent study of 30,000 different scans. using ai recent study of 30,000 different scans. using al to try and detect and diagnose breast cancer in mammograms. and it's been incredibly successful, successful as humans doing it and i think what's really exciting, when a doctor diagnosis breast cancer from a scam they had the whole patient history whereas the whole patient history whereas the ai the whole patient history whereas the al was only using the most recent mammogram and could still get it as right as the doctors could. you say it's exciting but what about the concerns about security, data, where it is, who has got it, etc. we talk about this and you were saying to me earlier that your brother has done the night shift right through christmas, he is a junior doctor, bit of a hero as you say. so in the health care service, this is a fantastic innovation, it will be really helpful but we have to be very careful, don't we? of course we have to be careful in the way we share data and protect

people ‘s security but it can be used to complement current health care. no one is going to say we are going to shift entirely to ai, we need doctors there and there inside but in systems like we have in the uk, you have two radiologist looking look at scans and make a diagnosis and that there is a discrepancy they obviously go further investigation. ai could alleviate some of the stress that we have. i think we have a big shortage of expert radiologists and what we really need to do support the nhs the best we can. and ifany to do support the nhs the best we can. and if any computer system can make that easier than that's really brilliant. jessica, your next choice of story, something that has been leading developments day after day stop the terrible fires in australia. this article in the syd ney australia. this article in the sydney morning herald saying the prime minister says australia ‘s environmental policies will protect the environment and seek to reduce the environment and seek to reduce the hazard of fires, while the country is burning at the moment.” don't know how many australians will be happy to hear this, he seems quite sure what they have got in

place at the moment is enough and will be enough to continue supporting australia through the current devastation and in the future. people are obviously calling for more and more action from the australian government to do something. i think you see it all over the news this morning, the challenge with traffic in getting out when they've been told to get out when they've been told to get out and big fuel shortages and probably what people want to hear something a lot more progressive than what has been said and there will probably keep calling for it in the weeks to come. no matter what happens in these fires are expected to last for weeks to come which is such a scary thought, such devastation, the government will have to rethink its climate policy, surely, wouldn't you think?” have to rethink its climate policy, surely, wouldn't you think? i think they will have to keep rethinking it and there is a world beyond australia and we have to keep the pressure on, keep talking about and reporting the story is because that's what is really going to change it. how much pressure do you think there is on scott morrison at the moment, with this happening during his watch and so many fires, and the forecasts are even more terrible for this weekend, almost

defies belief how bad things are. the pressure seems to be pretty high, certainly from what we read here but i guess the people on the ground are fighting it every day with constant disaster. it's really ha rd to with constant disaster. it's really hard to keep pushing the political button while you are trying to evacuate people quickly so i think we have the responsibility to keep talking about it. i don't know if you are giving anything up in january but the times newspaper says sales of beef and pork up lunch, we need to look at the statistics, as britain chooses a vegan diet, this is the big january think this year. an interesting story. i think the vegan push is funny, they've obviously looked at sales of red meat, they have declined, may be 185 million i think it said in this article but sales of poultry and fish have increased a little bit because people think those kind of things are a little bit healthier but certainly, last year, the uk so more people living animal products behind entirely choosing to go more vegetarian than ever before.

certainly in the first six months. there an interest in how we prolong it and where we go next but i think lots of people will be thinking be more conscious about their decisions about what they eat and if you the opportunity, it's an expensive thing to do, to be able to give up these things that you have relied on. what are you? what am i? things that you have relied on. what are you? whatam i? i eat mainly vegeta bles are you? whatam i? i eat mainly vegetables and a little bit of fish but mainly vegetables. is it worth giving anything up forjanuary like that, is it sustainable it be looking at reducing the consumption of things. i think, looking at reducing the consumption of things. ithink, obviously, anything you can do, that is brilliant and we should be moving towards a more meat free diet, especially things like red meat which are very environmentally intensive. jessica, thank you for coming in and happy new year. if you would like to share what you think about giving up things are not giving them up are giving them up forjanuary. i find giving them up are giving them up for january. i find it's giving them up are giving them up forjanuary. ifind it's always giving them up are giving them up forjanuary. i find it's always a disaster in my world, to be honest, i'm not very good at sustaining these things. we have lots

more to come. we'll be getting the inside track on impact investing in stocks and shares which focus on equality, tackling climate change and disruptive technology. you're with worklife from bbc news. rail passengers will have to pay more for their tickets from today. victoria fritz is at london bridge — as the 2.7% rise kicks in a new year, a new decade, but for millions of commuters waking up this morning for their first day back at work, the same old story, the same old headlines. rail fare rises yet again, this time on average 2.7% rise across england and wales. but customer satisfaction and particularly when it comes to things like value for money is pretty low, the majority of passengers don't think they are getting value for money for their tickets. so what do the rail

bosses make of this? let's talk to robert nisbet from the rail delivery group that represents the rail industry. what do you have to say to passengers today? we understand that people don't want to pay more money for their ticket, we get that, so it's myjob here to explain why tickets are going up and it's because we are an industry like any other that is facing rising costs. staff bills for example, but also fuel costs as well. but by putting the average price up by 2.7%, that's still below the rate of inflation, it allows us to cover the day—to—day running costs of the railway, which in effect, frees up billions of pounds of public and private sector cash to really put investment where it's needed. but things like punctuality are still well below where people really want it to be, the system doesn't seem to be working any better for people, despite years and years of investment. and we acknowledge that there are pockets of difficulty when it comes to punctuality and it's something that we are taking as one of our major areas of priority and there is a network performance board

that we've assembled over the last few months, looking at how we can improve punctuality but by getting those extra carriages, 1,000 will be going onto the tracks in 2020, adding those extra services, 1,000 every week in 2020 as well, we hope that will impact on punctuality and make a much better experience for the passenger. robert nisbet, thank you. the government is going to be publishing its white paper review in response to an independent review into the railway system. we will see what it says in the next few weeks, whether they come up with any answers to what is a pretty broken relationship between the public and the railway network. victoria at london bridge for us. so much more online, this caught my attention on new year's eve. how did callas go and get out ofjapan?

you're watching worklife. a reminder of our top story: as tensions in the us—china trade war look to be easing, the next battle ground could be between the us and europe — where big commercial disputes still remain we will cover every twist and turn. its the beginning of a new decade and i m sure you ve all been making those ambitions new years resolutions. along with plans to spend more time in the gym there will no doubt be many out there who have pledged to save more or have a positive impact on the world. our next guest could perhaps help out with a couple of those. founded in 2018, tickr is an impact investing app that allows people to put their money into selected stocks and shares with a focus on climate change, equality and disruptive technology. tom mcgillycuddy is the co—founder of tickr welcome to the programme.

you started tickr in 2017? it was up and running at the beginning of 2019, is that right? it was founded in 2018 but we first went live in january 19, the co—founder and i have been working on it for a good few years. tell us what you mean by impact investing, we touched on it. it's a very specific kind of investing, you invest for financial return and to have a positive social and environmental impact, it's distinct from other forms of investing like ethical or social responsible investing, those kinds of investing screen investing, those kinds of investing screen ipad companies that you want to avoid like tobacco for example, impact investing screens in good company as you want to try and invest and to promote a better future like clean energy companies. how does it work, if someone is watching and they think i have some money to invest, what do they do? we've designed the app to be as simple as possible, predominantly for first—time investors, simple as possible, predominantly forfirst—time investors, people simple as possible, predominantly for first—time investors, people who have never done it before, download the app, sign up in two minutes and select the theme that resonates with

you the most, climate change is one of the most popular themes and you select a risk level your company with, high, medium, low, you are invested into hundreds of companies around the world linked to the theme you are invested in and we put together portfolios in the background so we do that work for you, we've built a portfolio is already so all you need to do as a user of the app is select the theme. how do you make money? we charge a fee based on the assets that the customer brings to the platform, for example at 0.7% of the money you bring, if you put in £1000 it's about £7 over the course of the year and we take that out monthly. tell us and we take that out monthly. tell us about your journey and we take that out monthly. tell us about yourjourney into doing this, where you came from before, you set this up with matt, your partner in the business and you were working some very long hours when this started. originally, yes, when we met when we started the career in finance in 2011, we were working at ba rclays, i spent finance in 2011, we were working at barclays, i spent a few years there before i moved to an

american investment firm and mad and i started working this idea in 2016 so we we re started working this idea in 2016 so we were doing our dayjobs which are quite demanding working in the investment industry and we were trying to fit this and in the mornings, evenings, weekends, around that so we worked on the idea for about two years before it got to a point we were comfortable leaving yourjob is to pursue it full—time. when you came into investment banking in 2011, really interesting time, we had the globalfinancial crisis, you were working for ba rclays crisis, you were working for barclays under crisis, you were working for ba rclays under bob crisis, you were working for barclays under bob diamond. it really affected you, didn't come up just partly for you lunch this business? i left barclays in 2013, shortly after bob diamond let the organisation, and it started to change but really what i was searching for was a way to couple the skill set i'd learned at ba rclays, the skill set i'd learned at barclays, the the skill set i'd learned at ba rclays, the financial analysis skills with something that was outright positive for climate and society and when ijoined wellington management i had never heard of impact investing, it was a new part of the industry and still is today but as soon as i heard about what it

was, i knewl but as soon as i heard about what it was, i knew i was going to spend the next few decades working in that pa rt of next few decades working in that part of the industry. we are out of time but thank you so much. thank you. in a moment we'll run through some viewer responses to our twitter question. but first patek philippe is one of the few luxury brands that's still family owned. the 180—year—old company also makes some of the priciest watches on the market. sharanjit leyl spoke to the fourth generation president thierry stern and asked if he'd consider selling the business. iam not i am not willing to sell, the fifth generation is soon ready to take over. to be frank, this group, i think everyone knows we are not for sale but people will always try, we are one of the few family companies left, after that, as you said, it belongs to groups but is it good? i am not that sure. at a time you are

seeing a global slowdown, trade wars, economies are slowing, how is that impacting your sales? to be frank, it doesn't impact too much, we are such a small amount of watches, the world is so big. if you compare what we sell to another big company, some people would produce1 million watches, i have onlyjust above 60,000 so there will always be people willing to does anything for you in terms of the trajectory, that might impact those buyers, maybe they might stop buying such expensive watches? it depends, you know, it depends on the type of watch, to be frank. some people investing for a watch like half a million or a million or even 1 million or a million or even 1 million swiss francs there is a huge trend towards smart watches now. people say the future, people aren't going to be paying for these complex mechanical watches any more. smart watches are the future. what do you have to say to that? no, i am not afraid, to be frank. what is

nice, for example, smart watch started, a lot of people started to put back the watch on the wrist, to be frank, they used only their iphone or whatever, every kind of phone but now those new watches, they are fun. but it's not something that will last in terms of product, you know? you will have it for six months or a year and then you will change it. it's not the same product. in terms of art, it means also that painting will be gone, it be gone and i do not believe in it. we have more thanjust be gone and i do not believe in it. we have more than just to give a piece of time, we are giving also a piece of time, we are giving also a piece of time, we are giving also a piece of art and this is why i believe it will always remain. that was the president of patek philippe. let's hear about what you are giving up let's hear about what you are giving up are not giving up, as it were. lots and lots of responses.

i know for you are coming from on that. someone else tweeted that they are giving up bbc news. and she says she feels much better for giving up bbc news. and she says she feels much betterfor it? giving up bbc news. and she says she feels much better for it? we will see. i cannot give that up! good morning. many of us today it's going to be a dry day but we will see some rain in the forecast, mainly affecting scotland, northern ireland and the fat north and west of england and wales. quite windy for many of us today. you will notice the gusts of wind, especially towards the north—west, this weather system pushing in bringing rain stop but with the south—westerly wind it's going to bring in mild conditions so for many of us, temperatures above the average for the time of year. for much of england and wales, it's going to

remain dry, a lot of cloud particularly towards southeastern areas but further north and west you see the first band of rain spreading further south and east. as it appears from north—east scotland, brighter before further rain and showers push into scotland and northern ireland, the ring quite heavy for a time this afternoon, around the lake district and snowdonia. further south and east staying dry but cloudy, quite gusty winds wherever you are. potentially up winds wherever you are. potentially up to 55 miles an hour in the west of scotla nd up to 55 miles an hour in the west of scotland and these are the temperatures this afternoon, 10—12d. as we go through tonight, the weather systems will gradually move their way to the south—east, staying mild across many parts of the south—east but further north and west, the blues coming in, colder air filtering west, the blues coming in, colder airfiltering insert west, the blues coming in, colder air filtering insert temperatures here down to 3—5d by friday morning, further south and east it should be a mile started the day but we have some cloud and outbreaks of rain in the south—east. that will gradually push away, then there will

be sunshine across most areas. showers into the north—west, those will be wintry over higher ground, perhaps even down to lower levels in the far north of scotland. temperatures will be down a bit for many others, 7—10 celsius, 11 degrees in the south—east. into the weekend, high—pressure dominating for many others, these weather systems edging around the top of the area of high pressure. saturday, for most of us, dry, some sunshine, just the fat north—west of scotland seeing some outbreaks of rain throughout the day, top temperatures, they will be rammed about 7—10 or 11 degrees. sunday, fairly similar, for most of us, dry day with some sunny spells, just the far north, north—west that will have more cloud and outbreaks of rain and again, those temperatures roundabout 7—10 may be 11 degrees. that's it from me. have a good day. goodbye.

you're watching bbc news at nine with me, annita mcveigh. the headlines. a state of emergency is declared in part of australia as tens of thousands of people are ordered to flee, amid forecasts of ferocious bushfire conditions. the prime minister calls for calm. i understand the frustration, i understand the anxiety, i understand the fear, but what i also understand is the need to allow the professionals and the experts who plan and operationalise these

responses to do theirjob. rail fares rise by an average of almost 3 per cent today, despite another year of cancellations and delays for many commuters. the government promises change. i don't think it's right that people can't always rely on their train services, particularly in places like northern where it's been notably bad and i will absolutely bring that situation to an end. artificial intelligence is better than doctors in diagnosing breast cancer from mammograms, according to a study. an emotional peter ‘snakebite' wright wins the pdc world darts championship, beating world number one michael van gerwen. good morning, and welcome to the bbc news at 9.