of airbus deserve better. of the company, like any company, you rely on your workforce and to say you are potentially going to move some of these jobs potentially going to move some of thesejobs or all of potentially going to move some of these jobs or all of these jobs out to china is not helpful at all. it is not the government's position to try and get into a position where we don't have a deal. the government's position is stabbed deal that is beneficial to the uk and beneficial to the eu. i reiterate my point, it's worth airbus noting the wider population noting that nearly 30% of the shares in airbus are owned by european governments and surely if they are trying to call the uk government out negotiations, they should be calling out some of the eu governments as well. to have a good negotiation, you need two parties in that process. if the worst were to happen, from airbus's perspective, what are the consequences in wales, newport, broughton, what will the consequences be? well, ultimately we are not ban

you have two big airbus plants in wales, what would be the impact of airbus were to leave?? the biggest plant is in broughton, north wales, they employ around five to 6000 people. they have 900 down in newport. the wider impact is the effect on the supply chain, the businesses that feed into airbus across the uk. it‘s thought that the impact on around 12,000 or so jobs, across wales, and the overall figure for the uk is closer to around 100,000. the parts they make are worth around £1 billion annually. this isn‘t the first time they‘ve had this sort of warning. as was mentioned in your package. airbus did write to members before the brexit vote, saying that if a vote to leave may in part may impact on business further down the line. flintshire, will broughton is in north wales, actually voted to leave, now, it is a huge employer in north wales. when it comes to apprentices as well, a very good source of a decent wage in north wales, bringing in a couple of hundred apprentices each year. so if things were to go badly for airbus, and they were to move, it would have and they

this is airbus‘ supply chain in action.se huge transporters are used to carry aircraft wings from its factory in north wales, to assembly sites in france and germany. across the uk, it's involved in building passengerjets and military aircraft, defence systems and satellites. but company bosses say if we leave the eu without a deal, it would be catastrophic for the uk business. today we've published a risk assessment memo, where airbus is laying out the huge concerns we'd have if there's a no deal brexit. we're very fearful there will be chaos at the borders and we want our factories to be able to operate as smoothly as possible. airbus employs 1a,000 people in britain, at 25 sites across the country, but it says it supports another 110,000 jobs indirectly — at major suppliers, for example. it says it contributes nearly £8 billion to the uk economy and pays £1.7 billion a year in taxes. the problem for airbus is it relies on getting parts where it needs them, when it needs them. it says any change in customs procedures or s

a warning from airbus.loys about 111,000 people at 25 different sites in the uk. the european union has introduced retaliatory tariffs on us goods as a top official launched a fresh attack on president donald trump's trade policy. the duties on £2.11 billion worth of us goods came into force today. tariffs have been imposed on products such as bourbon whiskey, motorcycles and orange juice. what's been happening with house of fraser? the is grim news. it is better than administration, it is one step back from that. house of fraser has been given the green light from creditors to axe more than half of its store estate, resulting in up to 6,000 job losses. the struggling department store chain will close 31 out of its 59 outlets through a company voluntary arrangement, which will also allow it to secure rent reductions on its remaining shops. that will affect the landlords? they don't have much power in terms of the vote, the votes are usually in the vote, the votes are usually in the hands of people, the supp

this is airbus‘ supply chain in action.uge transporters are used to carry aircraft wings from its factory in north wales, to assembly sites in france and germany. across the uk, it's involved in building passengerjets and military aircraft, defence systems and satellites. but company bosses say if we leave the eu without a deal, it would be catastrophic for the uk business. today we've published a risk assessment memo, where airbus is laying out the huge concerns we'd have if there's a no deal brexit. we're very fearful there will be chaos at the borders and we want our factories to be able to operate as smoothly as possible. airbus employs 1a,000 people in britain, at 25 sites across the country, but it says it supports another 110,000 jobs indirectly — at major suppliers, for example. it says it contributes nearly £8 billion to the uk economy and pays £1.7 billion a year in taxes. the problem for airbus is it relies on getting parts where it needs them, when it needs them. it says any change in customs procedures or safet

airbus and bmw have long harboured concerns over brexit.ine months to go before we leave the eu, those concerns have turned to alarm. simon jack, bbc news. joining me now from our studio in brighton is professor steven maguire from the university of sussex, and member of the university's uk trade policy observatory, which offers independent trade advice to assist the uk government. thank you forjoining us. these comments from airbus and bmw, is this something you saw coming? i think it has been known for a while that businesses were extremely concerned about the course of the brexit negotiations. both companies, certainly airbus, has been extremely forthcoming, in terms of providing evidence to parliamentary committees, looking at the impact of brexit. i think they have signalled for quite some time their concerns. i think they are raising the level now because we are getting very near the time when decisions have to be made. i'm sorry, i'm having trouble hearing you. i say it does feel like businesses have been fairly quiet up until now? i

it really is, airbus, tit—for—tat ta riffs it really is, airbus, tit—for—tat tariffs on twitter, notjusthe european union, transpacific with china, transborder with union, transpacific with china, tra nsborder with canada, union, transpacific with china, transborder with canada, and mexico, india to agree cagliari jay measures against the united states today, japan and turkey preparing to do the same. “— japan and turkey preparing to do the same. —— india took retaliatory measures. many of donald trump's supporters, especially those in the old industrial heartland states of the rust belt, love the rhetoric of the rust belt, love the rhetoric of the trade war, but will they like the trade war, but will they like the reality? because the european union is being very specific about which goods it is targeting. it has gone for brands like harley—davidson, not because they are iconic or symbolic, but because of where they are made, in those rust belt states of the old industrial heartland. they are trying to damage donald trump politically. many republicans fear that this will damage america

does he agree with me that the continued operation of airbus in the continued operation of airbus inrries and concerns? or does he support the comments of the trade secretary, who said we should ignore the views of business? or does he agree with the health secretary, said it was inappropriate for airbus to raise concerns? mr speaker, any company and any industry that supports the livelihoods of sony working in this country is entitled to be listened to with respect. the government has been clear that we are determined to secure a deal with the eu that meets the needs of our aerospace firms and those whose livelihoods depend on them. what airbus has said was consistent with what they have said before, consistent to what they have said to select committees of this house, and very importantly it was addressed equally to the european commission and to member states of the european union, because it is is very clear that in order to have the agreement that in order to have the agreement that we see, it is necessary that right sides of the discussions should participate in that. and would

the i starts with a story about bmw and the airbus, warning about taking their business out of the uke interesting thing is why has it taken businesses so long? the concern taken businesses so long? the concern has been there for a long time. they are despairing at the slow pace of trying to agree on a brexit deal. they have been warning for a long time that they need certainty to make long—term investments. and they have been saying that if there is a cliff edge, that would be disastrous because all manufacturing... you have constant deliveries showing up. ferries and lorries going backwards and forwards across the channel, a slight delay cost him lots of money. we know all this, and we've been saying that they need to have the same regulations and rules as the eu, or they all need to be replace. none of it has happened, and airbus has finally said that we said this in private, now you have to do something about it. on the back of that, bmw says that they're going public about it. it is now two years today tomorrow morning when we have a vote to leave the eu, so it is not entire coin

a warning from airbus.g was not "project fear" but dawning reality. airbus employs about ili,000 people at 25 different sites in the uk. the house of fraser rescue plan faces a vote this morning — creditors will be voting on a company voluntary arrangement proposed by management. the department store chain wants to shut 31 of its 59 shops and impose huge rent cuts on ten others that it intends to keep. the european union has introduced retaliatory tariffs on us goods as a top official launched a fresh attack on president donald trump‘s trade policy. the duties on £2.1i billion worth of us goods came into force today. tariffs have been imposed on products such as bourbon whiskey, motorcycles and orange juice. the uk maritime industry is concerned that they will be facing a growing shortage of skilled workers in the vital maritime sector despite forecasts that the global ocean economy is set to double in the next 12 years. they want the government to raise public awareness of the industry and encourage studen

airbus and bmw have long harboured concerns over brexit.e months to go before we leave the eu, those concerns have turned to alarm. simon jack, bbc news. and we'll find out how this story — and many others — are covered in tomorrow's front pages at the later time of10:50pm and 11:30pm, because of world cup coverage. this evening in the papers, our guestsjoining me tonight are jason beattie, head of politics at the daily mirror, and benedicte paviote, france 24's uk correspondent. a service of thanksgiving has taken place at westminster abbey to mark 70 years since hundreds of caribbean migrants disembarked from the ship, the empire windrush, to help rebuild post—war britain. the government continues to face criticism, after it emerged that some of the windrush generation and their descendants had wrongly faced deportation. adina campbell reports. gospel music. music from the kingdom gospel choir — a fitting tribute to mark 70 years since windrush migrants came over from the caribbean. more than 2000 guests were part of today's service at we

airbus employs more than 14,000 transition deal.sition deal. airbus employs more than 1a, 000 people, contributing than 111,000 people, contributing over $9 billion to the british economy every year. another major manufacturer in the uk, b&w, has said uncertainty could damage the uk's car industry. —— bmw. on a mission to air its fears over brexit, the boss of airbus in the uk issued a stark warning over the consequences of any interruption to their supply chains. we're very fearful there will be chaos at the borders, and we want our factories to be able to operate as smoothly as possible. some politicians will say, "we've heard this all before, this is scaremongering, this is a reboot of project fear." this isjust a businessperson sitting here today explaining the risks we've evaluated for our business. i'm not a politician. rather than project fear, this is dawning reality. this wing—making factory in broughton, north wales, is the biggest of airbus's 25 uk sites and local people are worried. i've lived in broughton all my life, a

airbus and siemens take a different view. they have voiced concerns in public. see what reaction the business leaders have to that. but it isa business leaders have to that. but it is a tricky time for the prime minister. because she heads into the next round of negotiations in brussels next week. obviously, a crucial time. the whole process has been fraught with difficulties and fraught with debate. and as you say, the prime minister heading back to brussels at a key time. we have seen an example of pressure she is under not only from business who say we need close ties with the eu and details on the relationship. but on open letter from 60 former cabinet members, mps and economists, saying the planning for a no—deal scenario, where we would revert to world trade 0rganisation rules should be speeded up 0rganisation rules should be speeded up and many would be happy in that scenario and saying that to have real leverage in the talks, the government needs to treat that as a real option and they say that the prime minister is up against intransigent and punitive s

reporters: the boss of airbus in the u.k.ssued a stark warninover theons queens of any interruptions to their supply changes. >> we're fearful of chaos at the bders and we want the operation to operate ass smoothly possible. >> we've heard this is scare mongering. >> this is explaining the risks for our business. i'm not a politician. this is daunting reality. >> this operation in northern wales is the biggest of airbus's 25 u.k. sites. the local people will worried. >> it would be disastrous for the communities. >> it's not just air because. it's all the -- airbus. it's all the suppliers that supply>> them. airbus is nothe only major industry concerned. 27li trucks der millions of components here every day just in time and in the right order to make one car every 6 seconds. mini's owner b.m.w. says it eds clarity on future trailed and border arrangements by this summer. >> if we don't, we hav to invest muffin in systems we might not need in warehouses that may not be usable in the future, effectively make the u.k. all the in

airbus saying it may pull its u.k.tments in the "catastrophic event the country leaves the eu next year without striking a brexit deal." about 14,000 people in britain, manufactures wings in the u.k. and said this late thursday that if the prime minister fails to broker a deal, it would lead to severe disruption of u.k. production. airbus would be forced to "reconsider its investments in the u.k." and its long-term footprint in the country if it tumbled out of the bloc without a deal. in terms of a transition deal, that is still a position of concern for airbus. absolutely, and then the supply chain story, as well. thank you very much. we are working our way towards the market open. we are four minutes from. you can get the stocks you need on first go and the mobile app. at the moment, europe is called a little higher by .3% in aggregate from the stoxx 50, the ftse is called higher, continental market, .1% to the upside. we are awaiting news from opec. that is the dominant theme. this is bloomberg. ♪ of cashgo until th

airbus said it was concerned by the lack of progress in brexit negotiations.start—up in singapore is looking into better insurance policies for freelance workers. the group says more than 22,000 singaporea ns are self—employed and there is a need for better income protection schemes. the guardian has some sad news today. koko, the gorilla that learned sign language and formed several celebrity friendships while in captivity in the us, has died aged 46. so let's begin. with me is 0liver cornock, editor in chief at the oxford business group. walker. we started bloomberg's coverage with this visit by melania troll. —— welcome back. she wanted to be the positive side of the administration showing they can do the right thing. it is the jacket that has caused a lot of controversy. specifically what it said on the back of it. on one level she is trying to do some humanitarian work. perhaps he is also going to support her husband, who has made a rare policy reversal. the policy itself is sending mixed messages, but my goodness of this code is as well. she normallyjust

airbus and bmw have long harboured concerns over brexit.nths to go before we leave the eu, those concerns have turned to alarm. simon jack, bbc news. the row in america over immigrant children, separated from their parents at the border with mexico, shows little sign of abating. today donald trump accused democrats of making up what he called ‘phony‘ tales of suffering and said the us must maintain a ‘strong southern border‘. over 2,000 children have been removed from their families since mr trump's "zero tolerance" policy began in may. from el paso, on the border between texas and mexico, aleem maqbool reports. in a detention camp close to the mexican border, the us is holding children. we saw them being trooped between tents in single file. in many cases, they were separated from their parents by immigration officials. often their mothers and fathers, who themselves are in detention, have no idea where their children are. seven—year—old darwin from guatemala has finally been reunited with his mother, beata, after they were separated three

airbus,atum from telling theresa may to get her brexit at together or else. president trump threatens to impose tariffs. equities. at european under 30 minutes until the close of trade. i show you how much we haven't equities on the upside. ftse is trading higher. oil majors are rallying on the fact that opec struck a deal. not as much of like in the market as anticipated -- not as much supply in the market as anticipated. better than expected european data. pmi, germany, france better numbers in june. forecb has been calling normalization and think there is a bounce back for the second quarter. in greece, the five year yield coming down. on the back of a deal struck. a surprising deal. looking at the gdp levels of greece, the debt mountain at 178%. something has to get and it did. an easya creditors -- way to pay back 100 billion euros in loans. reprieve coming to greece. as they start to access the debt market once again. notably, in terms of the auto market. breaking news earlier in the hour, daimler off .8% and bmw up 1.7%. fiat down 2%. saying, 20% tarif

airbus and bmw have long harboured concerns over brexit.arm. "a storm in a teacup." that's what boris becker has called a new row over whether his diplomatic passport for the central african republic is genuine. the tennis star, declared bankrupt last year, is being pursued in the high court in london. his lawyers are claiming he has immunity from proceedings because of his diplomatic status. but now the republic's foreign minister says the passport is a fake. james robbins reports. that's it! he's done it! astonishing scenes 33 summers ago. at 17, boris becker became the youngest wimbledon champion ever. here is a man who has made a fairy story come true. that year, 1985, boris becker made his first million. but fast forward to last year and he was declared bankrupt. then in april this year the tennis star was photographed with the president of the central african republic. boris becker announced his appointment as a diplomat, the country's sport and cultural attache to the eu. his lawyers claim that his new diplomatic passport gives immun

airbus has threatened to leave the u.k. if britain leaves the single market and customs union without a transition deal is the european every asian group strongest warning yet of the impact of a no deal breck's it has to be catastrophic for this country and catastrophic for us and our supply tank there's not just the u.k. supply the most important thing is that we have frictionless trade which is why we're putting the facts on the table today if airbus were to leave britain economic consequences would be tough the pan-european airplane builder currently employs fourteen thousand brits in the u.k. building airplane wings for planes that are put together in germany and france airbus is perhaps the most significant company yet urging the u.k. government to reconsider its policy but not the only one if the brakes it we end up having provide significant friction provides significant cost of course that will be an argument against making investments here in the u.k. and no deal to. just a little bit too high in terms of the amoun

airbus and bmw have long harboured concerns over brexit.turned to alarm. simon jack, bbc news. football — and the world cup continues in russia. the group games are coming thick and fast — and there were great results for nigeria, switzerland, and those perennial favourites — brazil. the bbc‘s tim allman has been watching all the action. there leaving it late and then there is leaving it late. these brazil firms were celebrating after a vital win at this world cup. but they know just how lucky they were. yes, we are so happy. at the end of the game was caught. and that is awesome. that's the best comedy best feeling ever. he saved us that's the best comedy best feeling ever. he saved us are so that's the best comedy best feeling ever. he saved us are so many times. and then what happens happened. and what happened was this. brazil, looking to overcome a fierce costa rican resistance, thought they got a penalty, but then those magic letters popped up again, var. in the rectory changed his mind. come injury time for lucas digne managed to cha

tom williams is the chief operating officer of airbus commercial aircraft.a little earlier he told the bbc‘s today programme that the uk's post brexit trading relationship with the eu was still not clear. we have become increasingly frustrated with the lack of clarity, and obviously time is running, we're coming up tojust nine months to go. now we have succumbed to the point where we have to make serious decisions. quite often those decisions are long—term in nature. without clarity, then it is too dangerous for us to proceed. what kind of decisions are we talking about, then? we are talking about decisions in terms of safety stocks, buffer stocks of components, assuming there will be chaos at the borders and material won't be moving freely. we are talking about doing best in cover capacity. and we are also talking about what will happen to components from suppliers to us. and our customers. today they are certified under eu rules. at the end of march next year, those certifications will be invalid. those components won't be able to be fitted to aeroplanes.

at airbus up and on the country are distraught. for the future, which is not good for the economy. exactly. we have to plan to try and cope with what the next few months and the immediate post—brexit period holds. today we have no understanding of what the new arrangement would be forced up in march people were confident we had a transitional arrangement. but since mart no progress has been made. we've had on the floor of the house of commons ministers and the prime minister is seeing a no dual option is being viable. —— since march no progress has been made. but that is against expert advice. —— seeing a new —— seeing a no deal option as being viable. people's futures rely on this. and the government need to ta ke this. and the government need to take action. some people might say that these are just threats, they arejust that these are just threats, they are just trying to get movement to benefit them. you are right that they are trying to get things moving. industry has been advising government and providing evidence to governme

come to an end. employers, they have a partnership, airbus, they may come to an endm isa airbus, theys a huge business. they employ 14,000 people directly and subsidise a further 100 “1,000 people directly and subsidise a further 100 thousand. during the eu referendum we got countless warnings from them about lostjobs. now they appear to be apparently about to make good on that threat. what is not clear is when they will ta ke what is not clear is when they will take flight. even if they do... strong words from the chief executive. how much is lost and actual threat? —— blustre. executive. how much is lost and actualthreat? -- blustre. we have had a warning britain is heading for a disorderly exit from the eu. this could be european brinkmanship. of course it is eu countries they go to. everyone has skin in the game. we do care, regardless of what mrs trump's jacket was suggesting.

the demand for airbus is there.good patch up his relationship with ba, and that will become rich demand for the a3 80. the --a, delays to the the delivery, the narrowbody jet. to be fair to airbus, circumstances beyond their control. blaming the engine makers with ba ba criticalbut of the price of the a3 80, not eap plane. $446 billion per jet, but you get a discount if you buy in bulk. at the end of the day the relationship with ba is good, but they will not comment on the progress of the superjumbo talks, but those planes have issues. there is a sales drop. so the order from ba would be most welcome. haidi: thank you. later on, kathleen will be joining us 11:30 sydney time, talking about airlines outlook and how the planes -- plans to harness passenger growth in the asia-pacific. ramy: definitely want to hang onto that but australian banks are under pressure at home and abroad. we will discuss that with tim roche. this is bloomberg. ♪ ♪ ramy: i am ramy inocencio in new york. haidi: i am haidi lun. you are watching

airbus and bmw have long harboured concerns over brexit.o before we leave the eu, those concerns have turned to alarm. simon jack, bbc news. away from immigration, and president trump has threatened to impose import duties of twenty per cent on european cars. the president made the comment after the eu imposed tariffs on some american goods, a move that was itself a response to us tariffs on steel. shares in the carmakers bmw, porsche and volkswagen all fell on the news. nick bryant is in washington. it is not just it is notjust the transatlantic trade war with europe but with china and canada. mexico. india took retaliatory measures. japan and turkey is preparing to do the same. this is broadening and widening. many donald trump supporters, especially those in the old industrial state of the rustbelt love the rhetoric of the trade war but will they like the reality? the european union has been specific about which goods it will target. targets like hali davidson, and they are made in the rustbelt states. they are trying to damage donald tr

can i say a word about airbus. they said, if we didn'tjoin can i say a word about airbus. about airbus. they said, if we didn'tjoin the euro, that was back in the day, they would pull out of the uk, then they said, if the leave vote one, then they would go out, it is getting a bit boring. —— if the leave vote one. their relationship with europe is dubious, they get an awful lot of money and subsidy. —— if the leave vote won. what they are saying is consistent with what the majority of companies have been saying. business hates uncertainty, we all hate it but ina hates uncertainty, we all hate it but in a free—market economy and particularly a world that is going towards free trade, flexibility and adaptability are name of the game, if you can't adapt, business always does adapt, you cannot survive, that is the whole point of the capitalist economy as opposed to a totalitarian communist economy. getting onto the political question of theresa may, and surviving, this has been an extraordinarily exasperating period, people who write to me, who write, almost any commentator, a

airbus and siemens take a different view. they have voiced concerns in public.rime minister. because she heads into the next round of negotiations in brussels next week. saudi arabia has become the last country in the world to permit women to drive. the move is part of a programme of modernisation under crown prince mohamed bin salman. but leading women's rights activists who challenged the ban are still in prison. from riyadh, orla guerin reports. on the stroke of midnight, seizing their moment, and driving into the history books with a smile that says, it is our turn now. and plenty of support along the way. come morning, more women were taking to the road. teacher kareema seen off by her daughters. in six months it will be your turn. the only hazard she faced, male drivers. there is a stop sign, we have to stop. he did not want to stop. oh, my god. kareema has been taking us for a spin around the neighbourhood. today, she and other saudi women are finally behind the wheel. it has been a long time coming, and many women here are hoping there will be more chang

and this airbus crashed a month after 9/11. wasn't dutch roll but it was flying too much sideways. yawed to much and broke off its vertical stabilizer and crashed. so it was a case of excess yaw and full rudder break offering the vertical stabilizer. this is also the first and only composite structural failure that crashed, big commercial jet. so, vertical stabilizer was attached with six lugs and they broke first. so this one has 150 plies or carbon come -- composite. the carbon fiber is small, 15 to 25 times finer than a human hair depending on whether they're swedish or italian. so, this plane was flying behind a 747, and it was being postled by the weight turbulence. the weight turbulence bid not cause a structural problem about the problem was the pilot was swinging the rudder back and forth as fast as he could for passenger comfort because of the postling of the weigh -- the postling of the eight turbulence, and the plane's design for full rudder right or full rudder left, not designed for the rapid cycling of the rudder

this was a far more robust condemnation of what airbus in particular had done.opriate and saying that the duty of business now was to get behind the government and not put out these statements. it was an extraordinary response and there has been a counterattack by the cbi today saying thatjeremy hunt's comments were the perfect strategy for inhibiting businesses in the uk. tensions that were behind the thing quite apparent between government and business on brexit are starting to boil over. thank you very much. president trump has called for illegal immigrants to be deported immediately from the united states "with no judges or court cases". the president took to twitter and called the current system "a mockery to good immigration policy and law and order". his latest comments come after his administration received widespread condemnation, following revelations that more than two thousand children had been separated from their parents at detention centres near the us—mexico border. our correspondent, chris buckler is washington. that what donald trump is suggest

the latest tucson the alarm, playmaker airbus. >> airbus has threatened to leave the u.k. as the aviation group's strongest warning over the impact of the no deal brexit. >> if there is a no deal brexit, this would be e catastrophic for this country and catastrophic for airbus and the supply trained. it is not just a u.k. supply train, -- chain, we have frictionless straight which is why the effects are on the table. >> if airbususas to leavave britain,n, consequences would be tough. the airplane builder rarely poses 14,000 brits- currently employs 14,000 brits. airbus is perhaps the most significant company urging the u.k. government t to recononder their policy butut not the only one. >> if the brerexit we end up havingngrovides sisignificant friction, provides significant cost, of course that will be a n argument against making investments here in the u.k.. a no deal scenario isis just a little too high in terms of friction it will create. >> it is unclear if the british government is hearing the pleas from the business community although they are sounding ever more ser

as airbus makes this announcement, how will airbus continue? it feels like an inflection point.are starting to have airbus come out, saying if there is no deal, we need to look at our options. but it is like a trip feed, it feels like we have been at this point for a long time. sarah: i think this is an important point. we are only nine months away are brexit, and what we seeing increasingly, is businesses behind the scenes lobbying the government and trying to get clarity on what the post-brexit environment will look like. in frustration, coming out publicly and saying something has to be settled or we will have to consider what we do after march of next year. francine: what does it mean for pound? is this just companies trying to put pressure on the government, or can we expect investments leaving the country? sarah: if there is no deal, all bets are off. as we get to a cliff edge of april, i think governments will do everything to avoid that. it does leave a lot of uncertainty about what happens at the end of the transition. we are not going to get clarity at the end of next

one company is being pessimistic, in the times, airbus. a very european company.re in the company. —— france. as does germany and spain. thejob numbers over here in terms of potential losses if it goes, 40,000 people directly employed, another 110 thousand in subsidiary supply chain jobs 110 thousand in subsidiary supply chainjobs as 110 thousand in subsidiary supply chain jobs as well. -- 110,000. 110 thousand in subsidiary supply chainjobs as well. --110,000. if you scratch the surface here, airbus is inherently a european part of the project, part of the eu. they based their uk employees to vote against a brexit, controversially. there is more to this story. it is in a transition period and they say that is too short. i think you would be re— homing some of those supply pay -- chain re— homing some of those supply pay —— chain issues to europe. they took ina china. —— chain issues to europe. they took in a china. we have talked a lot about doing business in china and how difficult is it is —— they are talking about in china. this is a mixed message and i don't

and we operate independently from airbus. independently from airbus. i imagine you are into all kinds of transportation travel. what kind of trends are you seeing in companies that you are investing in? is there a certain trend that they all eing, or are different types? >> yes, we definitely see a trend, which is pretty much the backbone of our investment thesis, which is a disruption along the vertical axis. from ground to deep space, there are many companies and products and services, hardware, software, that try to challenge not just the world of mobility, but connectivity and communications and innovation. carol: one company particular, a i want to talk about, silicon valley startup, you guys, along with kleiner perkins, and alphabet google, are invested in it. about it and why you find it interesting? >> the short and simple answer to your question is possible. the word possible for us means a lot. we believe in the new possible. the things that are used once to be impossible. now enabled by changes in material, changes in computer science, and c

yell mac i think what we have seen from airbus and bmw, saying they are 110w from airbus and bmw, sayingt they need for certainty. it is a signal that businesses are starting to find that this is an impossible situation that the government has put them into. it is really u nte na ble. government has put them into. it is really untenable. it harms everybody in the supply chain. the government arejust in the supply chain. the government are just not in the supply chain. the government arejust not doing in the supply chain. the government are just not doing anything about making themselves available to actually give it any certainty the businesses. after the brexit referendum, we were told thatjobs will be lost, banks will be moving out. none of that has happened. isn't this just out. none of that has happened. isn't thisjust more out. none of that has happened. isn't this just more of project see her? not at all. it takes something for business to step up and say these things. 50% of investment in carter manufacturing has been lost. we have to take this seriously. the labour party is the p

would have a huge impact because airbus of course has to if it withdrew from the u.k. then restart reinstall the production elsewhere that has for example production facilities in spain and hamburg germany or in toulouse france it could ramp up those production sites or it can choose a whole new different site perhaps a different country in order to get benefits but it's an extremely difficult and sensitive process and airbus right now is in a really difficult position moves like that require basically years of planning and you have to negotiate you have to negotiate with the people at the site you're leaving you have to negotiate with people at the site you're aiming for and there's very little time you mentioned when the bracks it is aimed for and it also has to perhaps wait for the british government or the people or the parliament to come around and maybe say no to bracks and or say yes to a customs union very difficult situation indeed at the moment to uncertainty they're weighing in big time uncertainty also for opec members they're trying to find a solution eith

we heard from bmw, airbus.h 2019,er they have to start putting their chips on the table, because they can't put this kind of thing off? peter: all these manufacturing companies want some degree of certainty about what will be the terms of trade and the conditions on which we will be able to sustain our supply chains with rest of europe after 2019, but imarch don't think they are going to get that before march 2019. we have run out of time. it is too late to hammer out that agreement in time. that is why i think we should put the whole process on hold, give the british government time to reflect on what it really wants and what is in the country's genuine national interest and then with an agreed position of its own, we present that and negotiate properly with the eu 27. think thesay, i don't british government is likely to do that unless it faces some sort of public sanction if it continues to behave in the way it is. that means, in my view, that the british parliament should put in place a vote by the public o

airbus says it may quit britain if it leaves the eu without a deal.o coming up: is cheaper fuel in the pipeline? oil ministers meet in vienna to discuss raising production after crude prices triple in two years. a warm welcome to the programme, briefing you on all you need to know in global news, business, and sport. and you can be part of the conversation. as the boss of intel is forced to resign after an affair with an employee, we're asking what your compa ny‘s policy is on workplace relationships. and have you always disclosed a relationship when you should have? tell us what you think. just use the hashtag bbcthebriefing. in an apparent response to worldwide outrage, president trump has declared that us government agencies should begin trying to reunite more than two thousand migrant children with their parents. the children, many no more than babies, were taken away under the trump administration's new zero tolerance policy, introduced two months ago. but there's great confusion over how reunification will happen, or whether it can even be done

airbus warning. runway at heathrow airport — meanwhile the foreign secretary — who is in afghanistan has defended missing the vote saying resigning over the issue would not achieve anything. the fire—fighter who led the first response to the grenfell tower fire says he couldn't remember being trained on how to evacuate a burning tower block. turkey's leader recep tayyip erdogan will assume sweeping new powers after winning a new five—year term as president — but critics say the elections were not conducted on a level playing field. here's your business headlines on afternoon live. harley—davidson is shifting some production away from the us to avoid what it calls the "substantial" burden of eu tariffs — introduced last week. more on this in a moment. the taxi hailing company uber is in court today appealing against being banned from london. transport regulators refused to renew its licence after raising concerns about the way it vets drivers and reports crime. the company says its made big changes. t

jason: just ahead, the ceo of airbus ventures talks about a $40 million investment.: plus, getting inside the nintendo headquarters in kyoto is not easy, but our reporter didn't and he has approached -- our reporter did it and he has a profile. jason: this is bloomberg businessweek. ♪ jason: welcome back. i am jason kelly. carol: i am carol massar. still ahead, artificial intelligence to the rescue at hospitals. jason: we also go into the g league, which could be the salvation for college basketball. carol: and we have a big dive into nintendo. jason: one of our top reporters talked his way into the headquarters in kyoto. he found a lot of interesting things. carol: it is a great company with a lot of ups and downs and they manage it well. they are getting ready for a new head. jason: nintendo-mania on the rise. here is felix. felix: incredible boom and bust cycles they go through. i think of it like almost like the american movie business or the blockbuster business. only even more exaggerated because basically every three years or four years, nintendo comes out wit