let's go to our asia business hub where rico hizon is following the story. to see you, rico. this is just another spanner in the works, is it? in terms of a smooth path to trade negotiations? absolutely. you mention apple, you mention vans, the nba and the latest initiatives in the united states. undoubtedly, both sides are going on the offensive and a full—court press, that is basketball jargon ahead a full—court press, that is basketballjargon ahead of negotiations in bc. tensions are already running height —— in dc. they are running high even before the games begin. the united states is putting 28 companies on their entity list, restricting their access to american technology without government approval. the us also announced visit restrictions on eight unnamed officials associated with them. and analysts are saying, sally, the us' tactics are undoubtedly a high risk, seeking to pressure the chinese trade delegation before the main event really gets under way. with a dispute between both sides showing no sign of ending, there are even reports, sally, that

the transmitter was up let's go to our asia business hub where shara njit leyl is following the storychief executive, his gone of the defensive as you say over the loss of concerns for a front companies are trying to appease china and its use consumer base by withdrawing absent during other things that help the hong kong protest. he defended the decision to remove the mapping up a live map in hong kong, they have received credible information from authorities on how the apples being used, maliciously to attack lease. the firm pulled from the saw after flip—flopping that are rejecting or proving but the map still available, on the google play app store, in hong kong. those who know google pulled out of the chinese market is good, it has removed and the mobile game, that people pretend to be heard, just like hong kong protest. they attempted to make money from conflict. the —— where they are among several companies navigating the democracy in hong kong. now let's brief you on some other business stories. britain's aerospace firms have asked the uk government for reassurance it will rema

let's go to our asia business hub where karishma vaswani is following the story. been briefed by investigators that these were mechanical and design issues with the aircraft but some of the factors here, do we know any more at this stage? i think more will become clear when the final report comes out later today, in just a few hours' time, in a press briefing in ja ka rta hours' time, in a press briefing in jakarta but what families of the victims that were briefed on wednesday have said to the bbc is that some of the main factors indonesian investigators told the cause the crash of that flight 610, of things like problems with the flight of things like problems with the flight control system, which they say pilots were not aware of or how to respond to in the event of a malfunction and other aspects like things revealed in the report later today but you will remember that following the lion air crash, there was another 737 max operated by ethiopian airlines and that was survived that deadly accident either and that led to a global grounding of this boeing model of

let's go to our asia business hub where shara njit leyl is following the story. was this expected? to what you are talking about with your guests a little earlier and that is the us china trade war. it has been blamed for the worsening global economy which is taking a heavy toll on an export reliant place like japan. we know that the quarterly survey is of some 10,000 japanese firms and shows how confident they are about the future and as you say, they don't appear to be confident at all because it shows business confidence is down at a six year low for thejuly — confidence is down at a six year low for the july — september quarter. economists have been warning about the us— china trade frictions, how it is forcing manufacturers injapan and elsewhere to refrain from actively investing. we also have the strongerjapanese actively investing. we also have the stronger japanese currency against the dollar which is weighing on business sentiment so it couldn't have been a worse time for the japanese government to unveil a rise in the sales tax today from 8% to io%. in the sales tax today

let‘s go to our asia business hub where rico hizon is following the story. rico, how bad was it?his intensified us trainer trade war is surely hitting the chinese economy, exports falling more than 396 economy, exports falling more than 3% compared to a year ago and there was levels of. the customs bureau reporting outbound shipments, particularly to the united states fell by double digits, 10.7%. compared to a year ago. in dollar terms in january to compared to a year ago. in dollar terms injanuary to september, while us imports dropped more than 26% during that period. last month, there was a renewed escalation in this year—long trade war between the two economic superpowers, with washington imposing 50% tariffs on more than $125 billion worth of chinese imports from september the first, and amazing hitting back with higher regulatory levels, which is why we are seeing these poor numbers in china. despite the fall, in exports to the us, both of them still maintained an overall trade surplus of about $40 billion in september and breaking down the numbers, some economists say chi

let's go to our asia business hub where rico hizon is following the story. sally! us sally! nice to see you, rico. tell us about how they are doing? with the numbers released today, asian a nalysts a re the numbers released today, asian analysts are saying fasten your seatbelts, qantas is getting some turbulence. despite australia's flag carrier sting record quarterly numbers, no revenue from domestic routes, and particularly from its budget carrierjetstar sanchez 2a we close. blaming revenues and does make sense as to a four week close. it was also affected by protests in hong kong. revenue in the division decreased by more than 4%. as the chief executive alan joyce, decreased by more than 4%. as the chief executive alanjoyce, the highest—paid boss in australia, he remained upbeat saying the airline was well—positioned to respond to the ongoing market conditions. but when you speak to analysts, there say mergers of qantas and rivals such as virgin australia, could be continued to be squeezed by higher fuel costs, weakness in consumer spending and weakness in the a

let's go to our asia business hub where rico hizon is following the story. rico, tell us more.ally, because the japanese conglomerate has committed more than 30 billion us dollars in equity to a company thatis us dollars in equity to a company that is now valued atjust 8 billion us dollars. and the softbank deal, sally, represents a stunning reversal of fortu ne sally, represents a stunning reversal of fortune for the office—based sharing start—up and also marked a dramatic fall from grace or adam newman, co—founder. and softbank will need to turn around wework‘s opening losses and find a way to make wework writable yet again. there is talk of thousands of layoffs and shutting down some wework spaces. last month the group abandoned its public offering when investors questioned its large losses, the sustainability of the business model, and the way it was being run by adam newman. and with all this said and done, softbank said it will own 80% of wework and its chief operating officer will succeed newman, and hopes to get it back on course. sally. we will keep a close eye. thank

rico hizon is in our asia business hub with the details. nice to see you, rico.s? well, you know, sally, about ten minutes ago we received a statement from the parent company of tick tock to talk, and the spokesperson said, "there is absolutely zero truth to the rumours that they plan to list in hong kong in the first quarter of 2020". that isa in the first quarter of 2020". that is a statement coming out from byte da nce, is a statement coming out from bytedance, which owns tick tock. if you look at the valuation of the platform, known for sharing 15 seconds of video clips of teenagers lip syncing and dancing to music, it hit 75 billion us dollars a year ago when it closed a three billion dollars funding round led byjapan‘s softbank. if the ipo materialises, despite the denial by bytedance, it will crystallise early gains from investors like the chinese arm of sequoia capital and will help softbank at a time when its value of investments in companies like uber and wework have fallen sharply. to give you some background, it has 500 million regular users but it do

let's go to our asia business hub, where rico hizon is following the story. rico, what did he say?arp turns, threats, warning china that if a deal isn't struck by the middle of december, new tariffs on $156 billion worth of chinese goods will be imposed. but president trump seems to be more optimistic, describing the talks on friday as a love fest, and he said the preliminary deal would take about five weeks to complete. and, you know, it might be signed with chinese president xijinping know, it might be signed with chinese president xi jinping at the apec summit in chile. but listening to the chinese officials, they have been more cautious, more conservative in their approach about the outcome of those talks, simply claiming there had been progress between the two countries. earlier i spoke with a former white house international economics adviser to president trump, and he said a deal is still on track, despite mnuchin's comments. he doesn't expect, though, a major trade arrangement being signed and delivered but are limited and partial trade accord during the course of the next

let's go to our asia business hub where rico hizon is following the story. sally! to take over wework, is that the deal? that is the talk in media, sally, because japan's softbank, they say in very advanced negotiations to take over wework in a deal that will value the embattled company between 7.5 — $8 billion. and an announcement could come as soon as today. after the move, softbank would have as much a 70% or more control of wework. ali, the anticipated takeover marks the latest chapter in a dramatic year for what was at one point anticipated to be one of wall street's hottest initial public offer is because last month wework abandoned its ipo when investors questioned its large law authors, the sustainability of its business model, and the way it was being run by co—founder adam newman who gave up by co—founder adam newman who gave up his ceo title analysis serves as board chairman. and there are also reports that softbank is planning on paying newman $200 million to step aside if it takes over wework. so wework may soon have its conclusion. sally. thank you so

let's go to our asia business hub where shara njit leyl is following the story.right. it is a dire warning. the wto now says it expects trade volumes to slow to just 1.2 in 2019, down from the 2.6% it predicted in april. it is also cutting global economic growth forecast due to the data showing that trade is slowing substantially in the first half of the year. as you say that has been brought on by the concerns they have over slow growth in economies, trade wa i’s over slow growth in economies, trade wars and the ongoing uncertainty over brexit. they cited a higher degree of uncertainty and warned that expansion in world trade volumes could slow to its lowest rate in years by the end of this year. the wto direct the general said is mrs a delaying investments and hiring and this squeezes growth and hiring and this squeezes growth and puts at risk better living standards. we know it all comes weeks before the us and china are scheduled to meet or another round of trade talks. the two countries have already raised tariffs on billions of dollars of each other‘s expor

monica miller is in our asia business hub. it's one step forward and one step back? where are we?cted to take place next week, however, before investors get too excited about any progress, steve mnuchin is sending a message to the chinese ahead of these meetings. in an interview with cnbc, steve mnuchin said a new round of talks set for december 16 could kick into gear if the chinese do not sign the tentative deal they reached in washington last week. —— new round of tariffs. president donald trump says in contrast it was a lovefest with beijing officials, that they had during that two—day session. now, he did say a preliminary deal would take about five to complete, they may be able to sign something when the chinese president, they all meet at apec in the summer in chilly. chinese officials were not so chilly. chinese officials were not so lovey—dovey about the whole thing, they said it was a cautious and conservative meeting. —— chile. they simply claim that progress was made between the two sides. thank you very much. don't be full byjapan, don't be full by japan, first day of

in hong kong, hot on the heels of the national basketball association row, we go live to our asia business hub

let's go to our asia business hub where karishma vaswani is following the story... for the families, who obviously want answers. will a nswe rs who obviously want answers. will answers be forthcoming for them? they will, but not for some time yet, as we understand. the lion air press briefing was meant to start half an hour ago injakarta. we have been told that that has now been delayed and will not start for another 30 minutes. but already, we are hearing reports of what will be in that final assessment of the deadly crash in october 2018 that killed everybody on board. it paints a disturbing picture of pilots who appear to have been untrained in some vital equipment on board the boeing 737 max jet. indonesian investigators say that the design and certification of the flight control software didn't adequately consider the likelihood that pilots have lost control of the aircraft. that is coming out of some of the comments that investigators made in the briefing on wednesday to families of the victims on board. indonesian investigators have also suggested that perhap

sharanjit leyl joins us from our asia business hub. what exactly does this app do?lly allows protesters to see where the police are active in hong kong so they can potentially avoid those areas. the communist pa rty‘s potentially avoid those areas. the communist party's flagship people's daily newspaper has criticised apple for its decision to approve such an app, which has been used very widely by protesters. according to the paper it helps facilitate illegal activities but that's not all. apple is also being targeted for allowing its itunes store to carry a song called glory to hong kong, somewhat ofa called glory to hong kong, somewhat of a rallying cry to protesters in the midst of a pro—democracy protest. it has been described by the newspaper is advocating independence. it called the behaviour by apple reckless, the softwa re behaviour by apple reckless, the software poisonous and said apple's moves software poisonous and said apple's m oves a re software poisonous and said apple's moves are a betrayal of chinese people's feelings and apple is joining otherfor

monica miller is in our asia business hub. we are always trying to read between the lines.ent situation? investors in asia carry that enthusiasm with them until monday, as they have been positive today. the shanghai composite have gained at least 1%, all of them, and this is after the administration announced it will postpone raising ta riffs announced it will postpone raising tariffs on announced it will postpone raising ta riffs on $250 announced it will postpone raising tariffs on $250 billion worth of chinese imports that was set to take effect on tuesday. the nikkei is closed today for a national holiday. the us president did outline the first phase of what he has described asa first phase of what he has described as a very substantial phase one deal to end a trade war that covered some agricultural issues and they did touch on property protection which has been a thorny issue, but not too many details are at. he stopped short of revoking any of the existing tariffs on chinese goods. thank you, monica. good to hearfrom you. here are the overall markets in asia and how

business hub. sally. tell us more. disappointing numbers indeed and in the interim chief executive said parts of the bank's business, especially in asianging environment in the third quarter. asia, which generates the bulk of its revenues and profits, showed a before tax profit which climbed 4% from last year, with a resilient performance in hong kong, despite the ongoing protests. but in other parts of the business, he said hsbc‘s performance was not acceptable, including business activity within continental europe. hsbc has been looking to step up its cost—cutting initiatives and restructuring. no details as of yet but there are reports that the global and commercial banking business as may bear the brunt of the layoffs due to start in november, according to sources. the financial times is reported recently, said that mr queen had embarked on a plan to cut costs on businesses that threaten up to 10,000 jobs at the bank which employs around 237,000 people so we await the key announcement of its cost—cutting and its layoffs. await the key announcement of its cost-cutting and its layoffs. thank you very much indeed. in the last few hou

. >> mary, hong kong for some so many years was a vibrant business financial hub, it was an intersection between the west and asiahave they destroyed it, any coming back from what we see right now? >> i think there's a lot of ways in which there's permanent damage, first of all, in terms of companies belief in regulatory and legal system in hong kong, hong kong remains a very important way for businesses to end money to flow in and out of china, secondly in terms of skilled workforce there, i think many people have waken to the fact that their future looked different even a few months ago. >> maria, we have to remember, this is not a renegade province, hong kong people are very entrepreneurial, very business like, peaceful, it was about doing business and making money, the fact that they're rising up, that we see fires in the streets and all that vandalism tells you that in their mind something terribly -- something has gone terribly wrong in terms of the way of life that they're living. >> i think it's important point that you make, also important to identify who we are talking about, these are young people, the