we'll take stock with our economics correspondent andrew walker. to know, should hand luggage on a flight be free? ryanair is planning to charge for it. —— charge for heavier items. the italians are up in arms. let us know — just use the hashtag bbcbizlive hello and welcome to business live. we start here in london where the takeover battle for broadcasting giant sky could soon be decided in the biggest auction the uk has ever seen. financial regulators have stepped in to end a protracted bidding war. they say unless a deal is agreed by 1600 gmt, 5pm in real money, an auction will begin, with the winner announced on monday morning. sky's fate has been up in the air since december 2016 when rupert murdoch's 21st century fox launched a takeover bid. it already owns a 39% share of sky and made an offer for the other 61%. the bid got bogged down in an investigation by regulators into whether mr murdoch controls too much of the uk media. then us cable tv giant comcast gatecrashed the deal with a higher offer and a bidding war began. as of yesterday, fox

here's andrew walker.em, the two countries are prepared to go forward with a withdrawal agreement that includes only a broad statement of the general principles of what the future relationship is going to be like. and a lot of the discussion the last few weeks has been about some of the more detailed aspects of what that future trade relationship will be like, the so—called chequers agreement. i think the idea that the two key players, and of course germany is speaking only for itself here, these two key players might be prepared to get as far as the withdrawal agreement without having to settle these very difficult issues, has reduced the risk as it's seenin issues, has reduced the risk as it's seen in the markets as britain crashing out of the european union without an agreement to any kind of withdrawal agreement which would then be quite adverse for financial markets in the british economy. let's keep on talking about currency trading. we've seen yet another drop for the peso in argentina. the south af

our correspondent andrew walker says investigators have had their work cut out.sh firm of lawyers, which was absolutely scathing in its assessment of the anti—money—laundering controls that were in effect at the estonian operation. it described them as being an adequate, insufficient. and it concluded that it had actually broken the law obligations, and that some members of staff at the operation, mostly people who have subsequently left, they had actually been colluding in money—laundering. the chinese premier says the world must choose between protectionism and globalisation. li kee—chiang was speaking at the world economic forum in tianjin, after china confirmed that it would retaliate against washington's latest tariffs on chinese imports. he said there was a lot at stake. translation: it is indeed necessary to co—operate fairly and maintain the press is printable rules of multilateralism and free trade. because no matter how much these rules need to improve, but they offer us is inclusivity. it is progress for human civilization. if there are problems, we sh

and we can speak now to our economics correspondent, andrew walker, who's in our business studio in centraloutlook there are? yes indeed. the columnists in their written report and when she was big yin london this morning to say that any outcome is going to involve costs compared to where we are now inside what they call the friction of the single market prevails. they are now forecasting economic growth this year and next of 1.5% which is somewhat slower than in the last couple of years. even that is based on the assumption that there will be a free trade agreement concluded with the european union in a timely manner. even that would be less advantageous than the arrangements we have now. this is even more concerning about the indications of a new deal brexit. it would inevitably have a series of consequences in terms of reduced growth going forward, increased deficit, most likely, depreciation of the currency and in reasonably short order, it would mean a reduction of the size of the uk economy. that is the view that is widely shared by economists, that it would be very disadvantageous to

china says it will retaliate to the measures. 0ur economics correspondent andrew walker is here.re and what president trump is trying to achieve? essentially they are taxes applied exclusively to imported goods, sometimes it might be from anywhere in the world, sometimes it is targeted on goods from particular places. it makes them more expensive for businesses and consumers and gives a competitive advantage to producers in your home market. what is president trump trying to achieve? his immediate concern with china is what he calls the theft of technology of american businesses operating in china, he thinks when they go into china they are forced to make agreements to share technology on unfair terms which amount to theft, and he says it is a concern. it is quite widely shared in europe. there is a wider concern that president trump has about us international trade, there is a large deficit, america buys more from abroad than it sells to the rest of the world, to the tune of about £600 billion last year. he thinks it reflects ben flower trading behaviour and unfair trade agreeme

walker, we have to leave it at that. en into yashgs thank you as well. andrew, stick around for another block. >> and a programming note. our very own rachael maddow will host a report on kavanaugh tomorrow at 9:00 p.m. eastern on msnbc. >>> from the travel ban to the latest decision to stop aid for abc news/"washington post" pollians, how actions by the trump administration are sparking a rise in arab-american candidates for the upcoming mid terms. >>> and is elizabeth warren gearing up for a white house run in 2020? her latest efforts to silence the krit ircritics. the krit ircritics. your hair is so soft! did you use head and shoulders two in one? i did mom. wanna try it? yes. it intensely moisturizes your hair and scalp and keeps you flake free. manolo? look at my soft hair. i should be in the shot now too. try head and shoulders two in one. don't forget that the past can speak to the future. ♪ ♪ i'm going to be your substitute teacher. don't assume the substitute teacher has nothing to offer... same goes for a neighborhood. don't forget that friendships la