more business news in the next hour. under new government proposals, which aim to restrict children's access to weapons. people in england and wales would be required to collect their purchasing person and show id. a similar proposal is already being considered in scotland. tom symons reports. this is the sharp end of the battle against knife crime in britain. police in birmingham make yet another stop and find yet another knife. without good reason, it's illegal to carry anything bigger than a three inch penknife. but these are the sorts of knives police in london have found or had handed in, including a so—called zombie night, shown here to the home secretary. why? it's illegal to buy a knife if you are under 18. 16 in scotland. but some young people are getting them delivered. the plan is to change the law so knives purchased have to be picked up in person with ide. some types of knives can't even be sold or passed around. police may also get stronger powers to seize them.|j wa nt get stronger powers to seize them.|j

now on bbc news, all the latest business news live from singapore. our top story in the uk, the enquiry into the nhs blood contamination scandal will give answers to what the prime minister has called the appalling tragedy. now on bbc news, all the latest business news live from singapore. it isa it is a day of protest for big online companies. find out why the likes of amazon and netflix are battling us rules on internet use. and china is spending billions on new aircraft but it may face a pilot shortage in the years to come. good morning, asia, hello, world. glad you could join us for this edition of asia business report. i am rico hizon. some of the most popular websites may be slower to day. companies like facebook, netflix and amazon are taking part in a protest against changes being made to us rules which govern net neutrality. they claimed the new regulations will give the cable companies control over what its users see and do. our north america technology correspondent explains. right now, all internet traffic is treated the same, no matter wh

it is big business. newdustrial scale of what is going on. 225 kilograms of drugs seized, 13,000 mobile phones, 7,000 extra sim cards, large—scale prison smuggling has become a fact of life. i'll tell you what, in some prisons, it is easier to get drugs and phones than it was for me to get funded to do education. how about that? people are stuck in a cell, 23 hours a day, they want escape. look, people in society go to the pub for escape, you've got drug addicts in society, so to suggest it will not happen in prison is ridiculous. prison inspectors say that drugs fuel violence inside and phones help arrange crimes back in the community. labour says deep cuts are to blame. ministers have pledged an extra 2,500 officers by the end of next year, but there will still be fewer staff than seven years ago. and these are the figures on violence and staffing that critics say ministers must confront. assaults have reached a record high of more than 26,000 incidents. up 10,000 since 2010. at the same time, front line p

in a moment a summary of the business news this hour but first , the headlines on bbc news: north korea launched an intercontinental ballistic missile — in what would be a significant step forward in its weapons programme. south korea says a missile flew about 600 miles before crashing into the sea of japan. the mayor of london, sadiq khan, warns thejudge heading the grenfell tower inquiry that he must urgently improve relations with local residents amid claims they don't have faith in him. the high court rules that the human rights of a 16—year—old boy were breached after he was held alone in a cell for up to 23 and a half hours a day. in the business news: some of the self—employed should be entitled to the national minimum wage, according to the resolution foundation think tank. it says that about half of the 4.8 million people classified as self—employed are low—paid and earn less than £310 a week. as they have no chance to set their own wages they should be classified instead as workers, with wage protection. sainsbury‘s has said sales of clothes, summerfood and paddling pools help

in the business news... going to be scrapped. from nextjanuary, the government will ban businesses from charging customers extra for paying by card. but they can pass on the processing fee. the treasury says airlines and food delivery apps do it most often and estimates that in 2010 we spent nearly £500 million on such additional charges. the gap between the richest and poorest households in the uk has narrowed since the recession of 2007—08. that's according to the institute for fiscal studies. rising employment and sharp falls in income in the middle and top earning households was behind the decline in inequality. more on this in a moment. north sea cod is officially back on the menu and can be eaten with a clear consicence. the fish has been considered under threat for more than a decade after stocks fell to 36,000 tonnes in 2006. but following industry measures to help regenerate the population, it has been declared sustainable again, by the fisheries body, marine stewardship council. it can now be sold

we keep you up breaking business news. insight and analysis from the bbc‘s team of editors right around the world. we want to hear from you, team of editors right around the world. we want to hearfrom you, get involved on the bbc business live page. we aren't twitter. and you can find us on facebook. —— we are on. what other business stories has the media been taking an interest in? joining us again is mike amey, managing director and portfolio manager at pimco. we will start with his volvo story. explain what this is about. the end of the combustion engine? volvo announcing that by 2019 all of their cars, they will not have a combustion engine in any car from 2019 onwards. the first classic car company. they will have an option of combustion in the highbury. name one is developing in internal combustion engine now, he would? you have the transition going on. the key question for the car industry, where the focus is. whether the incumbents will be the dominant force, or the newer companies coming through. volvo trying to b

that's all the business news. research. more than 13,000 people are unaware that they have the condition. researchers from two london universities say screening is affordable and could save lives. 0ur health correspondent, jane dreaper, reports. a simple finger prick test — that is all that is needed now to find out whether you have hiv. gps‘ surgeries in some parts of london are making this test more routine. this study says those efforts should be much more widespread. the researchers looked at surgeries where new patients are offered a hiv test when they register. this led to a much higher rate of diagnosing the virus. each test costs around £25. the authors say the benefits mean more screening is affordable. many patients are undiagnosed. that means they carry the virus without actually knowing it. so having an hiv test at your surgery will allow you to have access to excellent treatment, but then also prevent people — prevent you from passing on the virus to someone else. routine testing has previously been re

in other business news...18 million as a result of a £225 million payment to shareholders following its italian accounting scandal, in which earnings were overstated. the money will go to deutsche telekom and orange to avert legal action after bt‘s share price collapsed. uk pre—tax profits at high street lender santander were flat at £1 billion in the first six months of the year. but the firm said that it sees "greater uncertainty" and risks in the outlook for the end of this year and the beginning of 2018. and apple has announced plans to kill off the ipod nano and shuffle. they were the company's last two music players without the ability to run streaming service apple music and hadn't been upgraded for ages. the move is part what's been described as a "simplification" of the ipod range to leave just the itouch model. quick look at the markets. more in about one hour. and much more coming up at two o'clock. time for a look at the weather. keep your expectations low for the rest of today and the weekend. low

rachel is here with all the business news.while americans will be taking the day off to mark independence day, the republicans and democrats will have differing views on whether the state of the country's economy gives cause for celebration. the self—styled ceo president wants america to grow by 3% a year — a level not seen for over a decade. with growth currently atjust1.6%, how exactly does he plan on doing it? central to his plan is the renegotiation of us trade deals. the trump administration now says that it plans to start talks over the north america free trade agreement as soon as practicable. similarly, the president has pulled out of a global climate agreement saying he will not be part of a deal that disadvantages us businesses and workers. mr trump is also trying to push through a new healthcare deal which is estimated to bring federal deficits down by $119bn — but crucially would also leave 23 million people without health insurance. so could these, and other aggressive policies give trump his 3% growth rate? well

now on bbc news all the latest business news live from singapore. talking tough.mp officials demand fairer trade links with china. can be two sides struck a deal? and how some companies are hoping to create a better workplace for mothers by providing childcare. welcome to asia business report. live from singapore. trade tensions have emerged between the us and china during the annual bilateral meeting. neither side were willing to comment at the end of the talks after the us demand fairer trade links with china. washington wants to reduce its massive trade deficit in goods from beijing. that deficit reached nearly $350 billion last year. the us also wants a better access to china's growing consumer markets. but the trump administration could introduce ta riffs administration could introduce tariffs or quotas on chinese steel and aluminium products. washington has frequently accused beijing of flooding the market and driving prices down. earlier i asked our business correspondent is this tough talk is a good strategy. donald trump campaigned on this promise to shri

the business news now.ses to go cashless, after introducing a similar scheme in the us. the payments company is selecting 50 small companies in the us to receive $10,000 if they only use cards. the companies have to bid by explaining how going cashless would affect them, their staff and customers. however, the idea has been criticised by consumer groups, who say cash is still vital for many people. train operators handle passenger complaints and delays almost as badly as they did a decade ago, according to research from consumer group which?. it also found punctuality levels on britain's railways were at their worst level in ten years. the group said a rail ombudsman is needed quickly to better handle disputes. but industry body the rail delivery group claimed complaints were falling. the british airline, easyjet, is setting up a new company in austria to protect its european business after britain leaves the eu. the new airline, easyjet europe, will be based in vienna. the company revealed that earlier thi

thank you for business news.ime for our press review. ♪ time to look at what is grabbing the headlines. thank you for joining us here. we are going to start off in macronfighting between and the military. some have said perhaps the president has gone too far and it's his first glitch since abandoned office. >> a newspaper is very critical of the french president this morning, the front page. is this the end of macron's honeymoon period? so far he has wooed at home and abroad is a current an absolute majority in parliament. now, the hard work begins. macron must deliver to reform france and united the country. molly: among those challenges, his bid to clean up politics. will go inhe table front of parliament on monday and a stirring of debate. >> it is being called a brain teaser, a headache on the front page. the main problem, they write, most mps for macron's parties are relatively new to politics and many come from the private sector and it therefore there are fears it could be conflict of interest. and welcome

now to some business news would stephen carroll. we will start in the u.k. a new figures on economic growth. they brought some rather mixed news. >> the headline points 3% in three months after the end of june and today is faster than the rate of expansion than the previous quarter which was .2%. the office of national statistics said it was driven by the retail sector and by the film industry. that increase in consumer spending it is helping offset weaker construction and manufacturing sectors. the british economy has been a notable slowdown in the first half of the year. economists are at the wing saying slight increase in growth is masking an underlying trend which is increased uncertainty around brexit an additional pressure on consumers as inflation increases. >> we will stay in britain for our next business story. the government say they will ban sale of new patrick carr's through 2040. >> part of a strategy to reduce air pollution. and if follows plans in france. the program includes investment and cycling facilities, charging stations for electric ca

our reporter will be here with maybe some answers, plus the latest business news when we come back on the other side of a 60-second break. don't go anywhere. brent: welcome back here with "dw news" live from berlin. amnesty international says the truth and justice have become total strangers in turkey. that comes after an instant poll ordered the continued detention of the group's director. a new report chronicles how hundreds of boys were subjected to decades of physical violence and sexual abuse and germany's most famous boys choir, the regensburg domspatzen. croatia's defense minister has offered to resign after the president said the army was too slow in helping firefighters tame this forest fire. emergency workers fault a two-day battle to save the historic city from being destroyed by the blaze. police say they are now largely under control, but some areas are without electricity and running water. reporter: strong winds whipping up the flames. but the worst has been averted. only yesterday, the fires that engulfed acres of pine forest and sprawled along croatia's adriatic coast

live web page: bbc.com/business, on twitter @bbcbusiness and you can find us on facebook at bbc business newsstories has the media been taking an interest in? kathleen brooks joins us again to discuss. so, new york times, we have got looking at the nafta overhaul plan? the trump administration unveiled a list of objectives it wants to get from the nafta deal. what is worrying for us in the uk is that i think the thoughts about the objectives is they are quite protectionist. it is like the president really likes his barriers. he is really sending a clear signal that the us isn't going to run massive deficits. you are going to have to take our stuff and we will ta ke have to take our stuff and we will take less of your stuff. what is interesting, yes, 0k take less of your stuff. what is interesting, yes, ok the us has got a deficit with mexico. but they have a deficit with mexico. but they have a surplus with canada. exactly. he does well out of it with canada, but not as well as he would like to with mexico? well, this isn'tjust about nafta, he is using that as a template for the rest of the w

there'll be more business news throughout the day on the bbc live web page and on ward business newsures in the first part of the week. the risk ofa the first part of the week. the risk of a thunder storm midweek too. we start off the week with some good spells of sunshine and, with that sunshine, the temperatures are sunshine, the tempexatutes ate. lt ‘e'ill. ~f-—~ — —— sunshine, the tempexatutes ate. !t; gill. m— very ,. sunshine, the tempexatutes ate. g will - very warm. scotland, be if, e , be —:—£e1 wag; of ,, begin |e €ffflj§i way of .. begin with. that?" wag; of ,, begin wit; that quickly of = begin wit; that quickly things = to begin with. that quickly things and breaks and becomes more confined to the north and the northern isles where we could see a few outbreaks and drizzle. plenty of fine, bright weather. perhaps a bit more in the way of high level cloud, turning the sunshine hazy. highs of 25, 26 even in london. could see 22 in belfast. a bit more in the way of cloud in the north limiting our temperatures slightly here. as we go through the evening, we hold on to the clo

that's all the business news.ion is one of the most challenging to date. 0ur science correspondent rebecca morelle is at the european space agency's test centre in the netherlands, where she's been finding out more about this exciting new space mission. we have come into the clean room for a last chance to see the spacecraft before it blasts off into space. it is called beppe columbo and is heading to mercury, the smallest planet in the solar system and the one closest to the sun. it has been designed to withstand extremes, to get to mercury it must travel towards the sun and that means facing intense radiation and heat. the surface of mercury, it can reach 450 celsius, hot enough to melt lead. that is one of the reasons there is this special white blanket covering it, to help deal with this really hot glare. i have been taken ona tourof really hot glare. i have been taken on a tour of the spacecraft, that is the propulsion unit at the base. it will be tricky because it will be fighting against intense gravitation

within five years, i think all indonesians will own a smart phone what we now need is to build new businesseshat will harness this new technology. >> i am extremely impressed with the achievements of gocej. it's important to take a broad perspective toward future developments. >> i know this is a very important and pressing issue for the government, and i feel its indispensable for the development of our country. >> however, the rapid increase of online motorbike taxis represents a significant threat to existing operators up until now, commonly used modes of transport are known as bajai. shared taxis. and standard automobile taxis. they're all required to get operating permits from the ministry of transportation all of these vehicles use yellow number plates. yousef is 35. two years ago, he started to drive a standard taxi. >>> while waiting for passengers, the taxi drivers often discuss how difficult it's become to earn a live g >> in 2015, the minister of transportation had decided to ban online motorbike taxis. the reason given at the time was that under the current law taxis must have at

busy news day. lets check the forecast with the forecast with katie and road with meisha. >> yes, happy news day, not so much in news because lot of traffic a lieutenant of construction. that is all i got for you. >> well, more of the same over here. just more of the same. more heat, humidity and renewed potential for showers and storms which will be pretty spotty. if you are out later today i think toward evening time we have best chance to see those storms popping up but most of the day is just, sultry, jim. >> sultry. >> indeed. i got to start coming up with new adjectives, day after day, it is hot and humid. how many ways can you say. that so for now storm scan is quiet, there are some cloud out there, generally still seeing, some clear skies, through that cloud deck, but regardless it is very, very warm. now, excessive heat watch will take effect, today is no picnic but tomorrow is when we start to feel the war of the oppressiveness that will be coming along with the heat and humidity. we will t

i'm adrianna hopkins at the live desk with breaking business news. michael kors has agreed to buy luxury shoemaker jimmy choo for one-point two billion dollars. jimmy choo - a british brand - known for its stiletto shoes and accessories - put itself up for sale in april. under the terms of the deal michael kors will pay 230 pence in cash per share. everyone loves rewards points, whether it's from a credit card, restaurant, or store. but some shoppers at a popular store find their big savings-- disappearing. consumer reporter john matarese shows what to watch out for, so you don't waste your money. 0-09 139-151 time now for weather weather - not as hot & less humid today - back to hot & humid thursday - rain likely friday - comfortable & dry weekend ahead today: sunny to partly cloudy. not as hot and less humid. highs: 82-86 winds: n 5-10+ mph tonight: mainy clear to partly c winds: ne 5 mph wednesday: partly to mostly cloudy. a touch more humid. isolated shower east of i-95. highs: 81-85 winds: ese 5 mph hundreds of dollars on youmy car insurance. sa

in a moment a summary of the business news this hour, but first, the headlines on bbc news: donald trump leaders at the g20 summit in germany, including, for the first time, russia's bradley putin. a former teacher at a mosque in cardiff is sentenced to 13 years in prison for sexually assaulting four girls over ten years. the seniorjudge who will lead the g re nfell tower the seniorjudge who will lead the grenfell tower public enquiry has faced angry questions from survivors of the fire and local residents. hello, and now the business news: the amount of goods and services we're buying from abroad has gone up — compared to the amount we exports. official figures show the trade deficit went up by £1 billion from april to may — tojust over three billion pounds. also , manufacturing output dropped, especially in car production. the meal delivery firm deliveroo says it will pay sickness and other benefits to its riders, if the law is changed. it says that current law defines riders as self employed — which means they can't be offered extra rights. the company is calling for a change in the l

do you believe that, not a comment. >> time for business news, roxanna live from the new york stock exchange morning, roxanna. short week for markets in week, what can we expect? >> reporter: well, good morning, rahel. here on wall street, market will shut down early today, and close completely tomorrow for the fourth of july holiday. futures are now pointing up, on friday, the dow pick up 62 points, nasdaq, dropped nearly four. rahel? >> all right, roxanna, americans apparently paying little less this year for their fourth every july cook out. how much are we looking at? >> well, new study found holiday cook out will cost just under $6 per person. beef production is rising for the second straight year, according to bloomberg, making grounds beaver at the grocery store, its cheapest since 2014. low prices for livestock feed also helped. the fourth of july is the nation's top grilling day with 87% of consumers, expected to barbeque. rahel? >> good news for those cooking out, roxanna, little personal request in here, attending any barbeques, cookouts? >> i will be working tomorrow, but maybe t

in the business news this afternoon. lant is now likely to be £19.6 billion. hinkley will be the uk's first nuclear plant for decades. the energy regulator ofgem says it's considering introducing a price cap on gas and electricity — aimed at bills for households on low incomes. it would be similar to a cap already in place for people who use pre—payment meters. ofgem will focus on whether some families with young children — and pensioners who receive the warm home discount — should be protected. four former barclays executives are in court today charged with conspiracy to commit fraud and the provision of unlawful financial assistance. they include the former chief executive of the bankjohn varley. the charges relate to a deal between barclays and several investment vehicles owned by the qatari state in 2008. good afternoon. elon musk, the boss of tesla, says his much—hyped model 3 car has passed regulatory requirements for production two weeks ahead of schedule. model 3 is the more affordable of his electric cars with a

rachel is here with all the business news.cide whether or not to give the green light to general motors for the $2.5bn sale of its european operations. gm is hoping to offload vauxhall and opel to the psa group— that's the french company which owns peugeot and citroen. it's easy to see why general motors wants to sell — their european operation, which is dominated by opel, has lost about $9.1 billion since 2009. if successful, the deal would make psa the continent's second—biggest car maker after volkswagen and ahead of french rival renault. opel employs 38,000 people across europe — and it's feared the sale could put thousands of those jobs under threat — with workers in the uk and germany considered to be most at risk. being the first to get a mass market autonomous vehicle onto the streets of our towns and cities is a top priority for carmakers on both sides of the atlantic. but with the likes of uber, google and apple leading the charge in the us, german carmakers are desperate not to be left on the starting grid. stay tun

new devices. the key to this business is data concerning when and where users take the devices. what purpose. on june 1, 2017, the chinese government implemented a new law requiring internet users to register their real names online. thanks to the introduction of the internet plus policy, many people have come up with a wide range of online business ideas. and these new ideas have changed lifestyles in china. now the big question is, what comes next? ♪

in other business news. which 95% of workers voted for industrial action. staff say for the second year in a row, they'd been offered a pay rise that was below the rate of inflation. samsung is releasing a new phone using parts from its galaxy note 7, which was axed after a battery fault led to some devices catching fire. the new phone — the note fan edition — is meant to "minimise the environmental impact". the handset will go on sale only in south korea at the end of the week, with a safer, smaller battery. and this may strike a chord with some parents — concerns in china over children spending too much time playing online computer games has led to taming curfew. led to a gaming curfew. the chinese tech giant — tencent — has responded to concerns by limiting the amount of time children can play some of its popular games including king of glory. from today, players aged under 12 will be allowed to log in for only one hour a day, and not after 9pm. let's have a look of the markets before we go. european shar

and in the business news: after the disappointing growth outlook the uk received from the imf last week, today we get some real numbers for the british economy. and after "emmissionsgate" is a new scandal brewing for vw? if so this time it's not alone, all the main german car makers are accused of having operated a cartel. but did they? hello. thank you very much for being with us here on bbc news. just as president trump has been trying to improve relations with russia, the us house of representative has voted in new sanctions against moscow, and they've done so in a way which makes it very difficult for mr trump to do much about it. the sanctions target key russian officials in retaliation for interference in last year's us election and in eastern ukraine. they also target north korea and iran, as sarah corker reports. i, donald john trump do solemnly swear... throughout his first six months in office, president trump has been dogged by allegations that moscow interfered to help get him elected. this new bill is likely antagonise the kremlin and complicate mr trump's plans to improve

time for the business news.ne last year. most economists reckoned the number would be pretty much the same, about £4.8 billion, but the office of national statistics said the figure was £6.9 billion. part of the extra borrowing is down to paying interest on the debt. these interest payments rose by one—third in june. the government was also paying higher payments to the european union budget and spending more on simple goods and services. the man in charge of goldman sachs‘ european operations has urged the uk government to agree a transition deal with the eu as soon as possible. without such a deal banks face a so—called cliff—edge, with an overnight change in regulations and condition in 2019. if there's no deal, richard gnodde, head of goldman sachs international, says the bank will soon have to start moving hundreds of staff to their other european offices. the number of homes being bought and sold has fallen for the third month in a row, according to government figures. across the country there were just ov

the business news. stronger than a house of cards.flix wows markets as it surges past 100 million subscribers, potentially sending shares to a record high. and would giving away 1,000 euros a month to a stranger free them up to pursue their passions? we discover how one bold start—up is finding the answer. hello, and welcome to bbc news. president trump's efforts to replace 0bamacare have been dealt another major blow, with two more republican senators refusing to back their party's latest plans. it makes it impossible for the bill to pass in its current form. with a majority of only four in the us senate, and all democrats expected to vote against the bill, the republicans can only afford to lose two votes. 0ur north america correspondent, nick bryant, reports. actually, we will cross live to washington. can you explain what this latest latest development means? what we are seeing is what we could call a senate stalemate. mitch mcconnell, majority leader, faced with a mathematic impossibility. he could not afford to have more than th

in a moment a summary of the business news this hour, but first the headlines on bbc news.—old charlie gard should be able to leave great ormond street hospital to die at home. a drive towards cleaner air — the sale of new petrol and diesel cars will be banned from 2040. the uk economy grew by 0.3% in the second quarter of the year, driven by retail and a booming film industry. in the business news... the uk economy grew by 0.3% in the three months from april to june. that's an initial estimate from the office for national statistics. it's up slightly on the previous three months, when it grew at 0.2%. the growth was driven by an expanding services sector — which includes banks, shops and leisure. retail showed the strongest growth along with film production. but the construction and manufacturing sectors shrank. the car industry has warned moves to ban diesel and petrol cars could cost jobs. the society of motor manufacturers and traders said that the sector supports 800,000 jobs and these could be at risk if enough time isn't given for the industry to adjust. environment

. >>> in business news this morning, the reason why exxon mobile is suing the us government. money watch's hena daniels joins us live from the new york fock stock exchange with that and more. good morning, hena. >> reporter: good morning, rahel, happy friday, here on wall street, stocks barely budgeted following news the european central bank didn't change its stimulus policies. the dow jones fell almost 29 points, the nasdaq gained nearly five. >>> exxon says it did nothing wrong, doesn't want to pay $2 million federal fine. the energy company is suing the us government. after the fine was levied. the treasury department says exxon showed wreckless disregard for sanctions against russia. secretary every state, rex tillerson, was exxon mobile's ceo at the time. >> you may soon be saying alexa wash my chrome spirit is going to start selling kenmore appliances on amazon including smart appliances, they can be singed with amazon voice assisted alexa. sears has been closing and liquidating stores across the nation, the amazon deal opens up new market place for the company to sell

in business news — king for a day!zon founderjeff bezos briefly becomes the world's richest man but wall street nerves about the company's massive spending push him back down to number two. plus, making america grow again. will the latest figures on the us economy bring president trump closer to his 3% target? hello and welcome to the programme. war has been raging for two years inside yemen with devastating consequences for its people. the un is calling it the world's worst humanitarian crisis, with the country on the brink of famine. cholera has swept through yemen with nearly 2,000 deaths since the outbreak began in april. access for international journalists is very rare but our middle east correspondent, 0rla guerin, with her producer nicola careem and cameraman nico hameon have got in. they've sent this report from aden — and a warning, there are distressing images throughout. we cross the red sea to reach yemen, past the sunken wreckage of a hidden war. this was the only way to the port city of aden. the saudi—l

in business news, the luxury car manufacturer porsche says it police in london have told authorities may face corporate manslaughter charges over the fire that killed at least 80 people last month. police say the local council and housing association had been told there were reasonable grounds told there were reasonable grounds to suspect them of the offence. in business news, the luxury car manufacturer porsche says it will recall 22—thousand of its cayenne models over irregular engine management software. the german transport minister labelled the emissions—controlling software "illegal." porsche is owned by volkswagen, which in 2015 admitted it had fitted some of its cars with a device to cheat on emissions tests. south korean president moonjae—in is a self confessed animal lover, and the president has welcomed a new member into his family — this is tory, a little black dog who was reportedly headed for the dinner table before being rescued two years ago. north korea says it "doesn't care a bit" about an announcement by the us stopping its citizens from visiting the reclusive comm

some business news. u're starting off with new predictions for how much economic growth we are going to see all around the world from the imf. global growth is holding steady at 3.5% for the year. the euro zone along with china and japan were the biggest winners in the latest report with growth productions revised up. the united kingdom was downgraded by the imf. we will come back to that in just a second. >> a bit of technical gremlins in the system. a meeting between energy ministers from oil-producing countries getting together in russia. what can we expect? countriesd non-opec are meeting in st. petersburg today about how to move forward with a deal signed last year on production cuts. it was signed to combat shrinking prices. oil prices jumped from $50 a of $57 ina high january. since then they have sunk consistently. prices haven't touched the $50 market since may. analysts say one of the big issues throwing off the market is an increase in production from opec members nigeria and libya. they were e

theo is in the business news room.ck from asia. the pound has fallen and has cost them money. sports direct tried to mitigate that by taking out currency hedges, but that went wrong when a fall triggered off a payment under one of its contract which cost it 15 million. revenues have been pretty strong, and that might help to explain why its share price is up sharply this morning, that is down to changes that have been announced at board level, including the replacement, the belated replacement of the finance director who resigned in the wake of that currency problem last year. but, context is everything, isn‘t it. so if i step over here and change the view you are looking at for a moment. you can see that even with that spike today, sports direct share prize is less than half the level it was about 18 months to two years ago. the past 18 months have been pretty extraordinary for sports direct haven‘t they? extraordinary for sports direct haven't they? yes, it has had a terrible pr record, problems at its warehouse in s

efficient business decisions. in other news of america has reported a better—than—expected 10% rise in profits in the three months tojune. the lenders say they did better due to higher interest rates and a boost in retail business, offsetting a slowdown in the investment sector. increased sales of the 35 fighter jet has boosted profits at lockheed martin. it that it beat market expectations after posting a 5% rise to over $940 million. sales in the aeronautic listeners, have jumped nearly 20% in the second quarter. shares in harley—davidson are down 6% shares in harley—davidson are down 696 in shares in harley—davidson are down 6% in after hours trade in new york after the iconic motorcycle maker slashed its sales forecast for this year. at one point they plunged 12%. and demand has dropped four years and they are facing competition from cheaper bikes. after struggling for yea rs, cheaper bikes. after struggling for years, india's government has finally agreed to privatise its national carrier. the airline is saddled with debt

the business news now.r model and is set to go into production in 2019. more on this in a moment. "unfair charges" levied on buyers of new—build houses could be banned in england under a proposed crackdown. the trend for new—build houses being sold as leasehold has accelerated in recent years. because ground rents can double every decade, some home owners have been left struggling to meet bills and in some cases making a property impossible to sell. the government plans are subject to an eight—week consultation and apply only to england. a sharp rise in personal loans could pose a danger to the uk economy, a bank of england official has warned. 0utstanding car loans, credit card balance transfers and personal loans have increased by 10% over the past year according to the bank's financial stability director alex brazier. in contrast household incomes have risen by just 1.5%. he has warned that "household debt — like most things that are good in moderation — can be dangerous in excess". we're joined we'rejoi

in a moment a summary of the business news this hour, but first the headlines on bbc news: ministerst eu legislation into uk law. the prime minister tells the bbc she became tearful when she learned on election night that she'd lost her majority. targets on how quickly ambulances in england should reach patients are being overhauled. i'm susannah streeter. in the business news: the uk housing market is in a state of lethargy, according to property surveyors, with estate agents reporting the lowest stock of properties for nearly a0 years. new instructions fell for the 16th month in a row injune and members of the royal institution of chartered surveyors said the market might continue flatlining for a while. irish business leaders have called for a the european union to provide a state aid programme worth more than £890 million to protect their companies from a hard brexit. the irish business and employers confederation said that if britain left the customs union, it would massively disrupt trade, leaving irish firms exposed. britain is ireland's largest trading partner, supporting 400

this is business live from bbc news with rachel horne this is business live from bbc news with rachel home and ben bland. pressure grows on that t20 reach 620 to tackle the migration crisis, is more investment in africa the answer? that is our top story. —— pressure grows on the 620. the 620 begins today, but can leaders who represent 85% of the world's wealth come up with a plan to solve the growing migration crisis? also when the programme, forget the exploding phones, because samsung says it is on track for record quarterly profits. we live in our asia business hub with details. markets in europe have opened and they are all down, we'll be looking at the figures. and we'll be getting the inside track on this weeks big financial news with the bbc‘s business guru simon jack. social media is buzzing today with rumours that president trump had trouble securing a hotel room for the 620 summit in hamburg. so today we want to know what you have missed out on by waiting too late to book? just let us know — use the hashtag bbcbizlive. hello and welcome to business live. we start in hamburg,

. —— think business news. sally is here with all the business news.eporting how much money it made in the second quarter of this year. the bank is doing extremely well, making $6 billion in the second quarter, a bit more than that, a lot more than most a nalysts more than that, a lot more than most analysts were predicting and they had as i said earlier pretty great expectations. the profits coming in substantially but also there with much anticipation that they would announce a share buyback and they have delivered on that front. so up to $2 billion has been announced in the last few moments and it would make the most of its huge cash pile and the move would effectively restrict the supply of hsbc shares in the marketplace and of course it will lead the compa ny‘s in the marketplace and of course it will lead the company's market value going up. in the last 12 months, how the company has performed, the bank has performed, in terms of its stock price, it's had a good run as you can see, almost doubling in value but this is partly because of the wea ke

new informed evidence—based eu migration policy. we commissioned the mac to deliver on that, an independent group and they will be consulting with businessimplementation phase when new eu workers who come here will need to register their details, but the full new eu immigration policy will be after the mac has reported in the final phase of leaving the eu. you say you want businesses to be sure there won't be a cliff edge and there will be flexibility, what does that look like? is it work permits? we have all those possibilities and the sort of thing we might discuss after the mac has concluded the review, but let me be very clear, what they are doing is gathering the evidence. it will be for the government to set the policy. but we want to hear from businesses and what their views are as we look at this during the next year. on that evidence clearly different industries and different parts of the country want different things. how will you satisfy them all? we will have to look at the evidence to make sure we try and do that. we are leaving the eu and we will be having a new policy but part of what i am announcing today is show that we

in other business news, making headlines, it is back.version of its galaxy note 7 phone. it had to recall them after problems with fire prone batteries. the cost samsung over by billion dollars in operating profit. it will only be available in korea and will retail for a only be available in korea and will retailfor a much lower only be available in korea and will retail for a much lower price than the original. let's now have a look at what we are watching this week on the business and trading front. on tuesday, the reserve bank of australia will be announcing their cash rate decision. the central bank is expected to give it at a record low of 1.5% at its monthly meeting. and moving to the next important day, and the european union ramps up talks with asean. senior officials from both sides are meeting in bangkok. and world leaders and central bankers are gathering in hamburg for the g20 international summit. let's have a look briefly at the markets. and at the open, the nikkei is getting 45 points. the all of mary ‘s index is down by 8

it's time now for a check of the top business news stories and shout peloton joins me now how high the charles hi tom let's start with the nationalist nationalization i should say of the s. t. x.. shipyards in france because it's an issue that's. look below to be brought hot under the collar that's slightly. french president emmanuel mccoy just backtrack he. to the decision on thursday to temporarily nationalized close shipyards on the atlantic coast. and this is generated a lot of criticism around europe. the move is a way to have more time to negotiate a lower price for a takeover by italian firm fincantieri. but this is raising questions for some. german paper handelsblatt for instance asking why isn't a european partner like fincantieri not considered to be trustworthy. the french government spokesman kissed of castanea defended the decision this friday saying that the stx shipyards. are a matter of national sovereignty. no social chair now that there's a dry dog in this shipyard that's the only one in europe where we can build an aircraft carrier. so it's about national sovereignt

now on bbc news all the latest business news live from singapore.nd historic visit by indian prime minister narendra modi as he seeks defence deals with israel —— an. an 8 billion cans later, we wish a happy 80th birthday to attend luncheon meat spam —— and. —— to tinned. it's wednesday, good morning, asia, hello, world, glad you could join us for this edition of asia business report, i'm rico hizon. narendra modi is on an historic three—day trip to israel, he is the first indian prime minister to visit and it signals warming relations between the two sides. defence deals are expected to top the agenda. india but has become israel's biggest export market for arms as it seeks to counter china and pakistan. it gets an estimated $1 billion per years in weapons —— per year. the fact neta nyahu the fact netanyahu received modi on tuesday at the airport signals the strength. india has been historically supportive of the palestinian cause but quietly it's been working on its relationship with israel and until now mr modi has given credit to israel. the mai

we are learning more about the gunman who opened fire at a busy new york hospital today.ople that work at the hospital say the man was a former employee. one of the doctors says the shooter..now identified as henry bello... was a troubled employee. one doctor was killed and six others injured in the shooting. police say bello tried lighting himself on fire before turning the gun on himself. (steve) in orange county..dramatic video shows a plane right after it crashed on the busy 405 freeway today.. two people were seriously injured...miraculously no one died. authorities say the plane missed the runway at john wayne airport in santa ana... then crashed onto the freeway and burst into flames.. an off-duty fire captain happened to be right there and pulled two people from inside the burning plane. traffic was backed up for hours in both directions. in hayward a three hour town hall meeting on immigration gave way for concerned citizens to directly adress the alameda county sheriff on the role they play in deportation. a majority of the group is upset the sherrif's office sh

in a moment a summary of the business news this hour, but first, the headlines on bbc news.tain has to "live within its means" after coming under pressure in the commons to lift the public sector pay cap. the government announces a task force to take over key kensington and chelsea council council services in the wake of the grenfell tower fire. a disabled refugee who was beaten to death and set on fire outside his home was repeatedly failed by the police, a report finds. in the business news this afternoon that's volvo has announced that it is the first traditional car—maker to shift to pure electric and hybrid production, signalling, it says, the end of the internal combustion engine. every model made from 2019 onwards will have an electric motor. the company said it will also offer hybrid options on every model. productivity in the uk economy fell in the first three months of this year — the first decline since late 2015. 0utput per hour fell by 0.5% in the first quarter of this year compared with the fourth quarter of 2016. productivity has still not recovered to levels

your weekly review of the most important business news, analysis, and interviews.et's start with a look at the top headlines. on monday, economic data from china. >> supplies gains holding up in june. the demand in the economy there could remain robust in the face of relative -- regulatory curves. >> it is a positive headline. factory profits are heading in the right direction. as long as ppi stays positive, that is not a bad thing. but at the same time, we are a long way from the peak in february when we were 7.8%. tepid.r prices remain may be a one-off restocking of inventories by companies, which is what skewed that number. it is probably headed downwards for the rest of the year. to aid theanted trump campaign. it is official. donald trump jr. was told in an that he would receive damaging information about hillary clinton at a meeting with the kremlin connected lawyer from russia. the russian government was trying to help his father's election bid. is it obvious in the crime has been committed here? >> not yet. i am sure everybody, including us in the news bure