on twitter we're @bbcbusiness, and you can find us on facebook, at "bbc business news". remember the press conference earlier this year where someone was caught doing bunnies, misbehaving? we asked our audience to send us a text, a tweet! that his owl —— that is how old i am! to ask whether it will take off. i'm 26 and just signed up. tut, it is confusing, don't see why it has spread outside millennials. ryan things snapchat will be a fad, a waste of money and people will look stupid in 12 months‘ time. a lot of people are saying, wait and see. there are so many of these social media instant gratification apps. social media instant gratification apps, instagram, twitter hasjust dropped vine, which was six second videos, i‘m not sure how different snapchat is, $25 billion, hasn‘t made a profit, you have no voting rights with the shares. investors need to decide whether or not to buy it, they cannot wait and see. what do you think will happen when it floats ? do you think will happen when it floats? i think initially there will bea floats? i think initially there will be a

that is it for the business news. anchor: more business news later on in the evening.e are going to take a quick break. more news coming up. qéa [captioning made possible by democracy now!] amy: from pacifica this is democracy now! you allt trump: i want to know that we are fighting the fake news. fake, phony, fake. a few days ago i call the fake news the any of me -- enemy of the people, , and they arere. president trurump intntensifies his s war on the media, as the white housuse bars press a agait the white

you're with business live from bbc news. a £4.6 billion loss in its annual results. it follows a tough few years for the british firm, which has been fined £671 million for bribery, faced challenging market conditions and struggled with the recent fall in the pound. joining us now from the newsroom is independent aerospace analyst howard wheeldon. it isa it is a staggering number. is it mostly due to the currency? to have a loss of 4.6 billion, is it mostly the drop in the pound? it is. this isa the drop in the pound? it is. this is a company that manufactures its aero engines in the uk and in singapore and a few in the states. but it sells everything in dollars. if your costs are in sterling and sterling falls in the way it has, and these contracts are arranged several years in advance, you get an order and the delivery stage maybe six or seven order and the delivery stage maybe six or seven years as order and the delivery stage maybe six or seven years as head before it is completed, you have to take your hedging at the st

when we come back, more world news and the business headlines as well. ick around for that ♪ >> welcome back. you are with dw news live from berlin. our top story, america's new secretary of state has met his russian counterpart for the first time. rex tillerson and sergey lavrov met on the steps of the g20 meeting in bonn. and the berlin film festival is about to honor e -- melina callanero with a lifetime achievement award. our roving reporters are going to stand by for us. did evening to you. >> later tonight we understand the honorary golden bear for lifetime achievement may go to someone many people may not have heard from. >> a lot of people have not heard of melana cannaera, but you have seen her work. " a clockwork orange", those outfits or her design. she dressed a jack nicholson in "the shining". and recently she worked with sofia coppola on marie antoinette. also collaborating with malone of blahnik on the shoes on that film. it is a pretty big honor for a costume designer to receive this award. it is not happen every year. >> she is actually g

i will be back in our ‘s time with more business news.hink that dame helen mirren ever feels a lack of confidence. but appearances can be deceptive, as the award—winning actress has been telling young people at the launch of a new initiative from the prince's trust — aimed at boosting self—esteem among young people. this morning, dame helen spoke to the victoria derbyshire programme about the initiative and her own struggle with the pressures of fame. it's something that i have to handle on almost a daily basis. certainly it's more exacerbated when you are younger. you don't quite know what your place in the world is going to be. you are trying to fit in with everyone and yet you want to be an individual and a personality all of your own. so it's very challenging, i think, when you're young. but i think those moments of self—esteem certainly don't go away, as far as i'm concerned, into your adulthood. maybe it's one of the reasons i became an actress. certainly, it's something i am aware of on a pretty well a daily basis. when you are wal

there will be more business news throughout the day on the bbc live webpage and on world business reportt to be a glorious day. our weather watchers we re glorious day. our weather watchers were out and about capturing the best of it and the temperatures caught the eye as well. widely well on into the teens across the british isles. the reason for those temperatures being so high wasn't just about the sunshine, it was because we were engulfed in a tropical maritime air flow coming up from as the name suggested in the tropics. but by the end of the week, things will turn colder because we will be swapping the tropical maritime airflow for a will be swapping the tropical maritime air flow for a polar maritime air flow for a polar maritime air flow for a polar maritime airflow maritime air flow for a polar maritime air flow and you can see for yourselves what a difference that change in air direction and change in air mass really makes to that feel of the day and those temperatures. that's some way off. let's come back to the here and now. murkyfairagain let's come back to the here and now.

in other business news, we have what looks like a case of mistaken identity.unced its plans last week. that seems to have gotten some investors slightly ahead of themselves. shares of the completely unrelated company called snap intera ctives unrelated company called snap interactives has since soared by more than 160%. shares of the actual snapchat company, snap inc, will start trading only a week from now. there was an announcement that all restrictions on cash withdrawals will be removed from next month in mumbai. the decision not to cut rates may have come at a huge surprise for the markets and investors. the decision to remove all curbs on cash withdrawals has, the huge relief for people all across the country. in 2016, there we re across the country. in 2016, there were restrictions regarding how much money people could withdraw from banks and atms. it was a surprise move to withdraw two high—value rupee notes from the system. the head of the reserve bank said that it is reasonably confident that by next month, the situation will be under control. there

in other business news, making headlines, the boss of uber has quit president trump's business dealersbeen hit by boycott ca m pa ig ns forum. the company has been hit by boycott campaigns all week. that's as people perceive its participation as people perceive its participation as an endorsement of the president. the executive order has been condemned to stop the refugee programme, but calls for a boycott have continued. the firm is suspending its service in taiwan next friday, following the authorities' decision to raise fines against unlicensed ridesharing services targeting uber. staying with that sector and weibo's rival in southeast asia wants a piece of the sector, investing more than half a billion us dollars in india —— indonesia. it wants customers to use its application to pay from everything to rides, food, shopping and beyond. like many other countries the region, and that majority of indonesia's population still don't have a bank account. there are several hundreds of millions of people in asia, so being able to provide a real localised solution like grab pay, or grab rew

line that we -- the new business

donald tusk wrote to eu member states saying: maastricht was intended to create a new more congenial environment for businessit feels like a long time ago. andrew walker, bbc news. uncertainty over president trump's policies, rising us interest rates and slower growth in china, these are some of the factors in best as are some of the factors in best as are facing when it comes to where to put their money. but what should be the 2017 strategy? this is what the chief investment officer for credit suisse told me earlier. we're recommending investors look at their portfolios thematically. we think the infrastructure story globally is one that should be part ofa globally is one that should be part of a portfolio in the same way that emerging markets were in the nineteen nineties. it's been an under locked investment space for decades. and that is true in the us, in europe and across asia. the types of money and investment being spoken about now by multinationals is vast. the adb are recommending asia spend $1 trillion on investment by 2025. that is a huge amount of money that needs to be spent and it will be refl

business news coming up as well. stick around. >> every woman and man knows a child needs food. that food -- we had a lot of problems. they were eating nothing when coming from home. >> that could easily have been us. any one of us. ♪ >> welcome back here with vw news live from berlin. our top stories. canada's prime minister trudeau is in washington, d.c. for talks with u.s. president donald trump the pair are discussing the sensitive issue of trade with white house threatening to change the terms of commerce. of course, that means nafta, between the two neighbors. we're going to stick with business. daniel has your business news now the latest on the greek debt crisis. >> i'm worried i'm going to sound like a broken record but it's all coming back up again the e.u.'s top economic affairs official is heading to athens this week. he wants to persuade reluctant greeks to take on further reforms. now, those will unlock badly needed loans. months of failed talks, of raised fears, of a new debt crisis. that could once again jeopardize greece's place in the eurozone. >> finally, some

the business news. brexit, round one. as those eu leaders gather in malta, its prime minister calls for a "fair deal" for britain, but warns it will pay a price for leaving. plus, small talk, big money. snapchat files for a stock market flotation that could be the biggest tech ipo since facebook. international monitors say there've been many thousands of explosions in eastern ukraine over the past few days as fighting intensifies between government forces and russian—backed separatists. at a special meeting of the united nations, the new american ambassador blamed russia for the violence and said sanctions imposed after russia's annexation of crimea three years ago would remain in place. the russian ambassador blamed the ukrainian government for the fighting. bill hayton reports. inside rebel—held eastern ukraine, another bit of violenceseparatist government blamed blamed the death of this driver of a car on artillery fire from government forces. monitors from the organisation of security in europe said the fighting which

you're with business live from bbc news. nd sickness benefits is costing state and businesses around £23 billion per year, according to a new report from the ippr. they are calling for a more flexible fit pay to be introduced which they say would be suitable for modern times. joe dromey is senior research fellow at the ippr. did you say fit pay? what is that? fit pay is a new benefit we are recommending which would help keep more people in touch with work when they developed a health or mental health condition. the government has been trying to reduce the number of people on sickness related benefits for many years and they have failed. we argue this is because too many people who developed a hell for mental health condition just fall out of work and end up on benefits. we are talking for more support from the state and employers to keep people well in work and to keep people well in work and to keep people in touch with work and fit pay is one of the ways we think this can be done. if a company like the idea you have suggest

that's a look at business news.'ll leave you with the markets. ♪ >>> an international human rights group says used chlorine gas in air i can't say reas of . >> they were coordinated and not coming from rogue elements. it means military commanders, those at the very least involved in the battle for aleppo knew what was going on. >> human rights watch officials released the findings of an investigation on monday. they conducted interviews with witnesses and analyzed video footage. they dropped at least eight times in the eastern part of aleppo in november and december. the attacks killed nine people including four children and wounded more than 200 others. the chemical weapons convention bans the use of chlorine gas as a weapon. heavy exposurur depririves the y of oxygen and canan be deadly. local residents reported strong chlorine odors. human rights watch officials are urging the international community to hold the government accountable. the u.n. also launched an investigation into the suspected chemical attacks. >

hello, in the business news this afternoon...er the japanese technology firm revealed details of a multi—billion dollar loss. the company had delayed issuing its results, but then said it was set to report a net loss of 390 billion yen in the year to march 2017. it's expected to take a 712.5 billion yen write—down at its us nuclear business. shares have fallen nearly 5% in engine maker rolls royce after it posted a record loss of £4.6 billion for 2016. however, once one—off costs have been stripped out, the company's underlying profit was better than many experts had predicted. rolls—royce agreed to pay £671 million to settle corruption cases with uk and us authorities and it has written off £41; billion from currency related contracts. the head of theresa may's inquiry into the way millions of people work has said there is evidence businesses are using self—employment laws to avoid tax. matthew taylor told the bbc that he wanted to see a new standard of "fair and decent" work which the public and private sector could sign up to.

i'll be back soon with some more business news.eness of sickle cell disease. it's an inherited blood disorder that affects thousands of mostly african and caribbean people in the uk. during a so—called sickle cell crises or episode, red blood cells change shape, causing intense pain and organ damage — and sometimes even lead to death. and as noel phillips reports, just having the condition can make other illnesses much worse. kavele was six when he died from organ failure, sepsis and sickle cell disease in 2015. he just kept saying "mum, i just want to lie down." simonne called 999 and told operators her son was vomiting, had a temperature, as well as sickle cell. over the next hour, his condition worsened. what happened on that day... i...i don't feel it was treated urgently enough, when that person on the phone told me i'd have to probably wait up to 45 minutes for an ambulance. two ambulances and a rapid response unit were dispatched, but then cancelled and sent to more urgent cases. but shortly after paramedics arrived, kavele

news. you're watching business live.han doubled to a record $91; billion last year. lawyers baker mckenzie say that was despite $75 billion worth of deal falling through. a quick look at how markets are faring. this is how they're looking after a fairly flat open. the ftse is up a shade. the dax and the cac down slightly. waste disposal is big business. in the uk alone, the industry is worth more than £0.5 billion. but it is in a predominantly male—run sector, jacqueline 0'donovan stands out as a rare female leader. at the age of 19, jacqueline took over the family business following her father's death. 30 years on and 0'donovan waste disposal is a fast—growing firm with annual turnover of £19 million. it employs 160 people and mostly operates in london and the south east, a complex and very competitive environment. jacqueline 0'donovan, managing director of 0'donovan waste disposal is here. tell our viewers about the beginning for you. because your father died suddenly when you were just 17. he was running the company?

. >>> what a busy news day. me to reach my goals. i u'e so i liked when my doctor told me i may reach my blood sugar and a1c goals by activating what's within me with once-weekly trulicity. trulicity is not insulin. it helps activate my body to do what it's supposed to do release its own insulin. trulicity responds when my blood sugar rises. i take it once a week, and it works 24/7. it comes in an easy-to-use pen and i may even lose a little weight. trulicity is a once-weekly injectable prescription medicine to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. trulicity is not insulin. it should not be the first medicine to eat diabetes or for people with type 1 diabetes oriabetiketoacidosis. do not take trulicity if you or a family member has had medullary thyroid cancer, if you've had multiple endocrine neoplasia syndrome type 2, or if you are allergic to trulicity. stop trulicity and call your doctor right away if you have symptoms such as itching, rash, or trouble breathing; a lump or swelling i

in the business news...ilder redrow has announced pre—tax half—year profit up 35% to £1a0 million, and they bumped their dividend payment by 50% to 6p per share. it's also a good day for commodities — that's things like copper and iron ore — their prices are on the up. rio tinto, the worlds second biggest producer of iron ore, has returned to profit after a 12%jump in earnings, and they are also increasing their annual dividend — that's payments per share to shareholders to $1.70. a woman who lost her long—term partner has won a legal battle that could improve the pension rights of unmarried couples in the public sector. denise brewster, who was denied payments from her late partner's occupational pension, because he failed to fill out a form, argued that she was the victim of "serious discrimination". following a long legal fight, she won her case at the uk's highest court. samira hussein is at the new york stock exchange. how were the results? the results we re how were the results? the results were actual

in a moment a summary of the business news this hour but first. t or scaled back, bbc analysis of local plans shows. a heterosexual couple have lost their court of appeal battle to have a civil partnership instead of a marriage. four us citizens and an australian pilot have died after their light plane crashed into a shopping centre in melbourne, australia. now the business news. shares in hsbc are down 5% after the bank reported a steeper—than—expected fall in annual profits. they banked a £5.7 billion pre—tax profit for 2016, down 62% on the year before. the bank says most of the fall is down to one off charges including fines and the sale of its operations in brazil. chancellor philip hammond has told conservative mps he is listening to their concerns about the re—evaluation of business rates. rates are being updated for the first time in seven years to bring them into line with property values. but some have argued that significant increases will lead to businesses shutting down and are urging mr hammond to use next month‘s budget to soften the

now on bbc news, all the latest business news live from singapore.erican food giant kraft heinz walks away from its proposed merger deal with unilever. and a nose for talent. india's perfume industry on the unique hiring push. welcome to asia business report. now, the biggest potential merger deal in corporate history is now not happening, and that is after the american food giant kraft heinz said it was dropping its bid to buy rival unilever. the anglo dutch company which makes marmite, lipton tea and dove soap rejected a bid from kraft heinz on friday. kraft heinz has said it has amicably agreed to scrap the plan. for more, here is our business reporter. i calculate that within 55 hours of the bid being submitted it has been withdrawn entirely and this will have brought together some major global brands that you and i know in our households such as philadelphia and kraft heinz beings. it would have brought together coleman ‘s mustard and magnum ice cream. it would have made unilever a huge player but it is no more. and what has happened is basicall

live web page: bbc.com/business, on twitter @bbcbusiness and you can find us on facebook at bbc business news, whenever you need to know. jessica ground, uk equities fund manager, schroders is back. jessica so the guardian, organic food sales are soaring as shoppers put quality before price. how long will that last, we wonder? well, quite interesting because in the last financial slowdown we saw shoppers move to discounters and to cut back on eating out. but i think that we've got to divorce the cyclical from the stuck turl. there is this long—term trend towards cleaning eating, healthy eating, instagraming yourfood, cleaning eating, healthy eating, instagraming your food, but as consumers spending power comes under pressure from higher inflation they start to cut back and it will be interesting to see. we had a few tweets about this. we asked do you buy organic or not? grumpy pete said no, it is a waste of money. jerome said organic veg, but only if it is in season and not flown in. it may taste better, but it is too expensive in the uk. jessica?‘ taste better, but it is too expensive in the

and sally is here with all the business news. ut you have apple as your story. after three quarters in a row of falling revenues, apple has delivered a turn around. high demand for the iphone 7 boosted the tech giant, and it reported its highest ever quarterly revenues. in the last three months of the year, the firm sold 78.3 million, iphones, that's a 5% rise compared to a year before. but it's results weren't all good. sales in china fell almost 12% cent tojust over $16 billion. china has proved to be a difficult market with many homegrown rivals that are much cheaper. we will be talking to our technology correspondent based in san francisco. i will talk to him in world business report. does the new us administration pose the same category of threat to the european union as radical islam? that is the startling claim made by the president of the european council donald tusk. in a letter to eu leaders, he told them to "use the change in the trade strategy of the us to the eu's advantage," saying washington's protectionist outlook

you watching business live bbc news. due you're watching business live.rudeau meets us president donald trump in washington today. the two sides do billions of dollars worth of trade, but have differences over the future of the north america free trade agreement. a quick look at how markets are faring. all of them up. all of them fairly perky with the ftse up. the cac doing well and the pound and the dollar pretty stable where it has been really for most of last week. about 125. not much change there on the currencies. we have had a fairly strong start in the asian markets as well with the nikkei reaching a one—and—a—half year high as well largely on the strength of a weaker yen. now let's take a look at how the so—called internet of things could revolutionise the way we shop. the sector is estimated to grow to more than $2a billion by 2020. but how does it work? well, the term refers to the connection of devices like kitchen appliances and thermostats to the internet. this enables users to control devices when away from the home. by 2020, some experts pr

in the business news...2.76 billion in the year to march 2017. french carmaker psa says it is considering taking over general motors' 0pel — which includes vauxhall in the uk. vauxhall employs about 35,000 people in the uk. the head of theresa may's inquiry into the way millions of people work has said there is evidence businesses are using self—employment laws to avoid tax. matthew taylor told the bbc that he wanted to see a new standard of "fair and decent" work which the public and private sector could sign up to. engineering giant rolls—royce saw its shares fall 5% in early trading after it posted a record loss of £4.6 billion for 2016. the last year saw it having to pay a £671 million settlement because of corruption cases in the uk and the us. it also had write off £4.4 billion from currency related contracts. professor peter wells is from cardiff university. is this cause for concern, it is a loss we knew about in the last 12 months, is there a problem with their underlying business? their results wer

genie: time for business news with stephen carroll. we are starting with the latest results from the french carmaker peugeot. they almost doubled net profits last year to one point 7 billion euros. the earnings were boosted by cost-cutting, price increases and sales. it's an impressive turnaround for the carmaker that needed a government cash injection in 2014. the company is pushing ahead with talks to buy the opel brand from general motors. alexander hirst has more. psa is ready to let the good times roll. rescued from the verge of bankruptcy by the french government in 2014 europe's third-largest automaker nearly doubled its profit last year. it is issuing its first dividend in seven years. can pull a similar turnaround with the german car brand opel which has lost billions since 2000. part of general motors european division. >> we believe there is opportunity to create a european car champion. resulting from the combination of a french company and a german company without forgetting our u.k. friends. which could be just weeks away

genie: time for the business news with charles. we will begin with a new forecast for the european economy. commissionpean shared its winter forecast this monday and they have raised the outlook for the euro zone despite what they called exceptional risks emanating from the new american administration. the eurozone has been revised upward this year to 1.6% and 1.8% in 2018. outlook remains unchanged. it's predicted that france will be missing the public deficit target of 3% of gdp next year. the uk's economy continues to perform despite the brexit vote. the forecast has been revised upwards to 1.5% from a previous 1% estimate. genie: japan has also shared growth figures today. >> the japanese economy expanded bump inanks to a exports and capital investments fueled by a low yen currency and government measures. japan is still struggling with an inflation problem. >> a fourth straight quarter of growth for japan. world's third-largest economy closed out the year with 1% annualized growth thanks to a weakened yen and strong exports. q4

just look for nhk world and business wrap and that's a look at business news, i'm going to leave you with the markets. >>> live from tokyo, storm doris is bringing an increased risk of power cuts to the british isles as sayaka mori tells us. >> doris is the fourth-named storm of the season and impacted the area with heavy snowfall to the north. video coming out of the uk as well as belgium. storm doris battered the u uk island and the low couountries thursday. the winds swept across the areaa brussels shut down public parks because of powerful winds, doris brought winds of up to 152 kilometers per hour in wales, heavy snow forced school closures in scotland. and thousands of homes in ireland were without power. a woman was killed by fly deeg bring in england. so many weather events took place in the uk and surrounding areas. the storm system has moved away, now located over eastern portions of europe. however as you can see, another system is moving into much of the british isles, so it's going to be wet once again. but london will be escaping from the rainy weather, we'll have 9 deg

if you so much for that look at the business news. time for our press review. on the set, we take a look at the papers. >> lots of focus here in france on these new allegations linked to what is being called penelope gate. >> you might remember the satirical magazine leak this story last week. they said the presidential candidate francois fillon's british wife was paid half a million euros for a fake job as his parliament assistant. look at the front page this week. it goes a lot deeper than that. you can see, the bill is getting really huge. they say that it was a lot more than half a million euros. she was paid 800,000 euros. not just his wife. according to this week, he paid 84,000 euros of the taxpayers money to two of his children who he also hired as parliamentary assistants. genie: many people are focusing on this and they are wondering what kind of repercussions it will have on his residential campaign. he is the front runner. >> things are looking pretty bad for francoise the own -- francois fillon. his campaign has been shot with a lead bullet and he i

time for a check of the top business news stories william hilderbrandt joins me now. let's start with some data coming out of the world's second-biggest economy. william: countries in china's service sector are hiring workers at the fastest pace in a year and a half. the sector's all orders pick up for january, and growth looks set to continue. aging has been trying to rebalance the economy toward has been-- beijing trying to rebalance the economy toward services. all of the data is based on vey.y's private sur a slight decrease from december, but let's remind you that anything above 50 indicates expansion. anything below, contraction. european markets are digesting that data as well as donald trump's policies and company earnings. despite new car registrations climbing in europe, 9.5% in january, auto stocks are down today. only the ftse is in the green, .17%. the frankfurt dax is in the red. basic research among the best performing stocks among europe. asian industries -- asian indices are above the green. japan's nikkei giving up some gains after wages fell for dec

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in a moment, a summary of the business news this hour. net migration falls for the first time in two years, although it remains well above the government's target. prisons are explicitly to become places of rehabilitation as well as punishment, under new government plans. in the business news... barclays has reported a jump in annual profits to £3.2 billion for 2016. barclays has been selling off parts of the business that are seen as non—core. it's also going to close down its africa business six months earlier than expected. british gas owner centrica has returned to profit after making a large loss in 2015. british gas has said the competitive nature of the uk's energy market was one of the reasons why its profits fell last year. the company said this was partly due to a 3% fall in customer accounts, largely in the first half of the year. french carmaker psa, which owns the peugeot and citroen brands, says net profit for 2016 nearly doubled. it's pushing plans to buy general motors' european brands 0pel and vauxhall. profit rose 79%. th

time for the business news next with kate moody.rting out with a break through at the german airline lufthansa. >> the carrier has been plagued for about three years by pilot strikes, unions calling for higher pay and better working conditions. the airline and unions have agreed to a deal set forth by a mediator. that took off three years ago appears to have arrived at its final destination. germany's largest airline accepted a new wage agreement for 5400 pilots. in four stages, the tonsil will give ae their salary and 30 million euro bonus. increasing payrolls until 2019. it represents a 5000-6000 euro increase per pilot. the company says it will be staffing 40 new claims with employees who are not part of the labor agreement to make that some of the funds. the can strike over three years of cost the airline close to a half alien euros. the latest strike in november alone cost the flagship carrier $100 million although it still managed to post record profits of 1.7 billion euros last year. batons says it must continue with cost-cut

in a moment a summary of the business news this hour but first — the headlines on bbc news: hospitalllion surplus in last month, the biggest january surplus for 17 years. now the business news. shares in hsbc are down more than 6% on the ftse this morning. the bank reported a steeper—than—expected fall in annual profits. their pre—tax profits were down 62% on the year before. the bank says most of the fall was down to one off charges, including fines and the sale of its operations in brazil. chancellor philip hammond has told conservative mps he is listening to their concerns about the re—evaluation of business rates. rates are being updated for the first time in seven years to bring them into line with property values. but some have argued that significant increases will lead to businesses shutting down and are urging mr hammond to use next month‘s budget to soften the impact. and sticking with the budget, government finances were £9.4 billion in surplus last month, meaning the government took in more than they spent. the figures come from the office for national statistics. it‘s no

businesses in the country. so what are the top issues waiting for the new boss? ng divine help, this man is all set to lead one of india's oldest businesses, the tata group. he is the first person out of india's community to be appointed to the post. after an acrimonious stand—off with its previous chairman, it will bea with its previous chairman, it will be a huge shift here at the headquarters of tata. he is the seventh chairman of the tata group. he spent his entire professional life inside the group. he is popular amongst employees and has long in the favourite for the new role. it is lower —— it is largely accepted that the task ahead of him is nothing more —— short of monumental. the tata group has interests ranging from steel and cars to salt and tea. but many other companies have been struggling in recent years. luxury car makerjaguar land rover and tcs are generating enough profits to keep the group afloat. together they account for more than half of the combined revenues. so natarajan chandrasekaran‘s first challenge would be to reduce the dependence on

that's a look at business news. i'm going to leave you with the markets. >>> being at the top of the fashion world isn't about creating trends. nor is it about clamor. the japanese d designer hasas b proven thatt through a a career that spans decades. his designs alwayss have a message f for the times. >>> the top of crop kicd off 2017 i paris. he's there as he has been for the past 35 years. the theme of this men's colltion, hard worker. set ups that remind youou of the industrial revolutionon. white lab coatsts witheavy work boots and covov alls. rearranged work clothes. giving the designs an elegance and his respect for people that earned their money through toil and moil. >> h hard labor doesn't pay wel. i hate that. we all should sweat over the work we do. >> his own success didn't come without effort. in 1983 he shocked the fashion world. until then the p paris collelec was knonown for displaying colo of the seasons andnd glamour. he rebelled against the stereo type and redefined beauty. ever since his collect

that‘s all the business news.r of 1.4%. growth remained resilient since the referendum. the uk posted the fastest rate. he's keeping interest rates at 2.5%. well on the way to two billion friends — facebook gets more popular, more profitable, and more powerful than ever before. but the question is for how long? stay with me, i‘ll have more on facebook‘s staggering numbers ina minute. the chief executive of germany‘s leading stock exchange is being investigated by prosecutors over the purchase of shares in the company just weeks before it began merger talks with the london stock exchange. deutsche boerse says carsten kengeter‘s shares were part of an incentive scheme and they are cooperating with the authorities. the share price rose significantly shortly after he acquired the shares. let‘s start with facebook, because despite predictions of a slowdown, the world‘s biggest social network keeps getting more popular, more profitable, and more powerful. last night, it reported quarterly numbers were much better than e

. >>> now onto business news two automakers expected to discuss their plan for a partnership. gene otani has details and other headlines. >>> toyota motor and suzuki motor reached a basic agreement to form a tie up to boost their competitiveness in the global market. they plan to form a comprehensive business alliance. officials of the two automakers say it will include developing technologies for ecofriendly vehicles fuel cells. they are ready to talk about the details of their plan to work together. one thing up for discussion is whether to form a capital alliance including the possibility of cross-shareholding. suzuki began negotiating a business alliance in october. the lead of spreading technology to develop ecofriendly and self-driving vehicles increases. the carmaker already has an agreement with mazda motor to form a tie up. toyota apparently wants to form a comprehensive business network that includes suzuki. suzuki has a strong presence in india based on low cost production of many vehicles there. the automaker hopes to survive growing competition in the global auto

david: this is "bloomberg west," the most important business news, analysis and news from around the world. take a day-by day look. when a proposed food and bempling deal suddenly collapsed. two days lion bid after the approach became public. they cited the reluctance to engage in talks. and warren buffett, which owner by half decided that the negative response made a friendly merger impossible and smacks a bizarre u-turn. >> it was going to be challenging in the obvious way and there is a degree of leakage. and perhaps rather earlier. >> the moment this broke, you had stories telling the government officials to look into this and see if they needed o step in. supports our clients around the world. but overall they demonstrated the banking business and demonstrated in 2016 has been encouraging and the growth in the fourth quarter gets us off to a good start. >> why are going to come in growth. e bank has done so much in shrinking and takes the revenues and has to be compensated. so actually, it's going to take a bit more in terms of interest rates rises and general growth for the ban

and now the business news.illion increase in revenue and a solid start to the year. it's struggling with a changing holiday market as weak sterling means holiday prices will be up as much as 9% this summer. fewer homes were repossessed last year than in any year since 1982 but lenders are warning that mortgage rates will not always be so favourable. a total of 7,700 uk homes were repossessed last year compared with 10,200 in 2015. and nissan has reported a 3.5% increase in profit, with sales rising in all major markets. the japanese car—maker recorded profits of $1.2 billion in the three months to december. repossessions was down a quarter run the cases seen you before. the council of mortgage lenders represents the industry. repossessions have been generally declining since reaching a recent peak of cases in 2009 since when the low mortgage rates have been keeping mortgage rates relatively affordable. i think these figures are fantastic. we have been talking about a government white paper and the broken housin

business around the world. central banks keep policy in a holding pattern. no news is an indication of good news? the fed did not push back against the market's view regarding interest rates. >> how many ways can you say neutral without saying neutral? alix: business leaders react to orders from the white house. >> we are beginning to see cracks in this very brief embrace between big business and the trump administration. >> i don't know why anybody expects anything different. this man is doing exactly what he said. alix: ge's ceo illuminates the global trade debate. >> people who see globalization from 30,000 feet don't know a thing about how globalization works. alix: the drumbeats stayed loud and strong with a slew of quarterly reports. >> we never rule out any instruments, and our toolbox is rich. >> the revenue is the story and this is driven by new product introductions. alix: it is all straight ahead on "bloomberg best". ♪ alix: hello and welcome. i am alix steel. this is "bloomberg best". this is your review of the most important business news, analysis and interviews around the world. th

in business news this afternoon, the co—op bank is putting itself up for sale.ements of the next few years. in 2013 it had to be bailed out by us hedged funds. it has 4 million customers and is part owned by the co—op group. consumer spending is a big driver of the uk economy but visa says there are signs of slowing down. supermarket giant tesco says it will check prices on over 3500 shops after a bbc investigation found customers we re bbc investigation found customers were being short—changed by expired promotions. to the us now where president trump is preparing to meet... canada's prime minister justin trudeau. the two don't really see eye to eye on some major issues.they differ in opinon when it comes to immigration, free trade and foreign policy. joining me now from the new york stock exchange is samira hussain. what is going to be on the agenda at this meeting? there are two big policy issues that i think the two leaders are going to be discussing. it will be the dakota access pipeline, the pipeline that is being built and is going to bring oilfrom the ca

new york. [♪] >> announcer: from fox business headquarters in new york city, the new "wall street week."ary: welcome to "wall street week." i'm gary kaminsky. trish: i'm trish regan. trish: u.s. treasury secretary steven mnuchin laying out an aggressive tax timeline. >> tax tree form is our number one objective. it's critical to get economic growth. there is trillions of dollars offshore that will come back and this will create jobs and investments and we need to make sure our u.s. businesses are competitive. gary: any growth wouldn't come until 2018. our first guest is dan skelly. dan, the meerkt is optimistic about a tax plan that's yet to be unveiled. mnuchin talked about the hopes to have this plan passed in august. are you starting to get worried this could get bogged down because the expectations are that this would have been sooner rather than 2018 impact. >> it's coming on the back of a decade of having very little fiscal spending. we could see some volatility in the middle of this year. but we think the tax deal gets done. we think the market can grind higher afterwards. trish r

. >> guest: and you've been listening to fox business news anchor gerri willis talking about her new book "rich is not a four letter word", she'll be joining us for a call-in program. 202-748-8200. if you live in eastern time zone. 8201. for the central and mountain time zones. gerri, you spent time talking about your health. how are you doing. >> i'm doing well, i finished my treatments on january 4th and building back my energy and you know, i'll be test today make sure i'm clean and there's no more cancer and i'll be taking some kind of drugs well, for the next ten years, but everything looks very, very good at this point and i just feel grateful to be out and about, and to be enjoying life. >> do you tire easily? >> yeah, yeah, i mean, i can get tired easily, i have to kind of manage my energy and make sure that i don't do too much, but let me tell you, it's small beans compared to what i've been through so it seems like i have a new lease on life. >> let's get into the topic of your book, rich is not a four letter word. >> one of the last questions asked was about money parked o

in a moment a summary of the business news this hour, but first the headlines on bbc news: the nhs under this winter. president trump steps up his attacks on a judge who overturned his travel ban on seven muslim majority countries. a 19—year—old admits killing an american tourist and injuring five other people in central london last year. he stabbed her to death. i'm vishala sri pathma. in the business news: apple, facebook, google and microsoft are among 97 companies to have filed an official court document opposing donald trump's travel ban. the us president's executive order prevents people from seven mainly muslim countries entering the united states. a falling pound and a flood of rivals moving into its profitable markets dented rya nair‘s rivals moving into its profitable markets dented ryanair‘s profits at the end of 2016. it reported that fares and profits fell slightly more than expected during the quarter. mps are urging the owner of hbos, lloyds banking group, to pay compensation to victims of fraud facilitated by two former employees who were jailed last week. they also want

did it for me i will be back with more business news. known for their skill at heading the ball. they all developed dementia in later life. the football association has welcomed the research as our health correspondent smitha mundasad reports. it is an integral part of the game but could doing this... over and over again lead to long—term brain damage. that is the question the family of former england player have been campaigning to have answered. he died in 2002 he suffered from degenerative pain braving disease. if we can highlight it and push and push to get it recognise notjust the dad but for all these other families that are relying on others. we will never give in and never stop fighting for them. now in the first of the of its kind scientist looked at the brains of the six life long football who develop dementia. where we examined their brains at autopsy we examined their brains at autopsy we saw the sort of changes that we see in ex—boxers, so changes that are associated with repeated head injury. for the first time in a series

in a moment, a summary of the business news this hour. g parliament, during his state visit later this year. he has defended his comment that donald trump should not be allowed to address parliament, telling mps he was acting honestly and honourably, carrying out his responsibilities. the government is setting out measures to help people rent or buy their own home in england, in a bid to fix what it calls the "broken" housing market. the uk's tax burden is set to hit its highest level in 30 years, despite the longest and deepest cuts in public spending on record — according to a leading economic think tank. hello. in the business news today, 4 million customers on prepayment energy meters should save about £80 a year after a prize cup was announced. the temporary cap starts in april and will be updated every six months. it's expected to stay until 2020 when smart meters will be rolled out. lloyds banking group will review all business customers affected by criminal activities linked to two corrupt former bankers who were jailed last week.

you‘re with business live from bbc news.s declined by 0.1%, marking the first negative growth in the crucialjanuary discounting period since 2013 and comes hot on the heels of a dismal december. this according to accountancy and business advisory firm bdo who‘s head of retail, sophie michaelsjoins us now. great to have you with us, really poor numbers, what is going on here, are we spending less, is it the weather, is it brexit? that's right, so weather, is it brexit? that's right, so january followed a poor christmas sales, which will lead retailers concerned into 2017. but if we break that down, the first two weeks of january we saw positive sales. showing that the consumer is out there looking for bargains. the third week we saw sales were dented by poor weather. and going to the end of the month, as retailers transitioned from a sale period into full price, the consumers backed off in terms of spending, leaving an over all drop in terms of spending, leaving an overalldrop in in terms of spending, leaving an over all drop

business. breaking news right now. a front shoulder as open fire and wounded a man armed with a knife after he tried to enter the louvre in paris carrying a suitcase. we are following the breaking story. lauren: also breaking this morning president donald trump will rollbk parts the sweeping and controversial .-dot frank laws. good morning. nicole: also expected to layout sanctions on iran. and the new dissent defense secretary has a tough talk for north korea. it's due out 830 this morning. the new york stock market futures dow up 18 in the premarket. they come back from a long holiday down one half of 1%. entropy in japan the central bank which is more economic stimulus. unveiling some details of the $3 million initial public offering but will it store like facebook did or sink like twitter. we will have details. slowing sales growth is disappointing. the stock is down 4% in premarket. it's super bowl friday. we will have live reports from houston for you. it's 5:01 a.m. here in new york. welcome to fbn:am. the lates