in the business news... good news, bad news from british gas. takes effect in september. but it's keeping the price of gas on hold. the aerospace company rolls—royce has had a good six months. it's reported half year profits of £1.9 billion. that compares to a loss of £2 billion the same period last year. it says it's seen a big rise in sales. we'll have more on that in a moment. bp seems to be shrugging off the low cost of oil. it's reported better than expected second quarter profits of more than $680 million. it's been cutting costs and boosting efficiency to try to combat the low cost of crude. let's go back to that story about the aircraft engine maker rolls royce. the company has had a spectacular return to form. it's turned a $2 billion loss into an almost $2 billion profit. what's it done right? analyst howard wheeldon joins me now. these are pretty impressive results, right? very impressive figures in relation to where the company has been over the last two and a half yea rs been over the last two and a half years but it is only a start

in other business news, the year.siness news, the chief executive of the commonwealth bank of australia says he will retire in the wake of a scandal over allegations of money laundering and terror financing allegations. he has been the head of australia's biggest bank since 2011 but recently it has been embroiled in civil charges stemming from alleged breaches of financing rules which wiped out the lives of dollars from its market capitalisation. he is expected to step down injune 20 18. the price of bitcoin has broken past the $4000 mark for the first time in its nine—year history. the value of the digital currency has more than quadrupled so far this year. joining me here in my studio is the bbc‘s business reporter. yet another record, but it has been rather volatile. that's right, crypto currencies like bitcoin have been on a rollercoaster ride, and thatis been on a rollercoaster ride, and that is largely because it remains an unregulated market. so unlike other currencies there is no central bank that controls tho

now on bbc news, all the latest business news live from singapore.apan's prime minister, shinzo abe, welcomes theresa may to tokyo. will north korea overshadow trade negotiations? from bicycles to football, we look at where —— whether the sharing economy has gone too far. it is wednesday, everyone. glad you could join us for this edition of asia business report. i am rico hizon. as we mentioned in the headlines, uk prime minister theresa may is injapan from today for a three—day visit. before we get to that story, let's check out the state of the world's third—largest economy. here is our asia business correspondent. about a year ago, the economic news coming out ofjapan was still pretty gloomy. after all, this was a country which struggled with falling prices and slower growth since the stock—market collapsed company bubble in the 19905. but collapsed company bubble in the 1990s. but now things might be looking up. what has givenjapan's economy this bounce? low unemployment is helping wages to grow just unemployment is helping wages to growjust a un

now on bbc news all the latest business news live from singapore. north korea rattles the market after launching a missile over northern japan. as tropical storm harvey batters the production hub in the us, we will look at the impact on the industry. bit‘s tuesday, good morning, asia. hello, world. glad you could join us. —— it's. a missile flew over northern japan before catching into the sea. —— landing in the sea. the japanese government says this latest missile launch is a threat that tokyo will respond to firmly. they call it a clear violation of un resolutions. the asian markets have opened, and for the reaction on how it will be trading, we arejoined by my colleague. what's happening? japan, australia and china have opened lower, japan and a four—month low. similar conditions in south korea. not down by a huge amount. with the japanese yen, it is rising to a high against many currencies including the us dollar, because it is seen as a safe haven for investors in times of crisis. it seems that this reaction, it does seem somewhat unusual and o

christoph will be here with that and it is business news. plus, 10 years of hashtags ♪

that's all the business news. lapse of the first contested cases brought under the new legislation. two separate trials of people accused of intending to supply nitrous oxide, known as laughing gas, at music festivals were thrown out on wednesday after the courts heard the drug is exempt. it raises questions over the effectiveness of the psychoactive substances act, which was introduced last year. mark easton has more. nitrous oxide, also known as laughing gas, is taken by hundreds of people every year as a recreational drug. the silver canisters have been a common sight at music festivals. but the government's legislation to stop legal highs was designed to ban the sale of nitrous oxide along with all substances that affect someone's mental functioning or emotional state. there are exemptions to the new law. alcohol, tobacco, caffeine, food and drink and medicinal products are not covered and it was that last exemption which proved problematic in the first and tested cases. hospitals use nitrous oxide to relieve p

this is business live from bbc news, with ben thompson and jamie robertson. under pressure. another string of top bosses quit president trump's business groups, so he scraps them both. but can he stay friends with business after this? live from london, it's our top story on thursday 17th august. he called it "business—friendly" but the white house is showing cracks, with business leaders distancing themselves from the president. so can mr trump win back support of the business world? we'll assess what's at stake. also in the programme: "the worst deal ever". that's how donald trump has described the north american free trade agreement, a pact between the us, canada and mexico. now it's being re—negotiated. and markets pretty non—plussed by the latest white house chaos, which could be the most telling thing of all, investors growing immune to the ups and downs of washington. and we'll get the inside track on the batteries that could power the future. we'll find out how batteries will not only power our cars, but our homes too. and anything else you'd care to mention. and as st

in a moment a summary of the business news this hour, but first the headlines on bbc news.ate of 0.25% and downgrades it's growth forecast for the uk. of 0.25% and downgrades its growth forecast for the uk. a group of men, who labelled themselves the three musketeers are jailed for life for terrorism offences. a surgeon who carried out needless breast operations, has had his 15—yearjail sentence increased to 20 years by court of appealjudges. now for an update on all the business news. the bank of england has lowered it's growth forecast for this year and the next. it said weak wage growth contributed to the decision. it now forecasts growth of 1.7%. that's slightly down from its previous prediction of 1.9% made back in may. the bank said rising inflation has also been weighing on household spending power. the bank also voted 6—2 to keep interest rates on hold at 0.25%. they've been at that level since august of last year. next sales have had a big boost from the retailer's directory catalogue and internet business. overall second—quarter sales rose 0.7%, beating expectatio

and we will also get the business news. cable says he continues to support the legalisation of cannabis. his comments come as a series of politicians from across the political spectrum tell bbc newsbeat it's time for laws relating to the drug to be looked at. jim connolly has the details. at the last election the liberal democrats made headlines with one of their most eye—catching manifesto promises, to legalise cannabis. lib dem insiders tell us it wasn't that popular. so is it a policy the party continues to back? the evidence is clear that if you want to stop abuse and damage to young people, you've got to bring the trade into the open and out of the hands of the criminal underworld. attitudes to cannabis are changing across the world. take, for example, north america. in the us, 21 states have decriminalised personal possession, and eight have legalised it. next year canada is expected to go further and make the drug legal across the whole country. back in europe, portugal has some of the most liberal drug laws. all sub

in the business news... chief executives are paid compared with the average worker. it's part of government plans to improve transparency around pay for top bosses and to give workers more power in the boardroom. 0pposition mps and trade unions say the plans don't got far enough. more than half of people who were mis—sold payment protection insurance, or ppi, may not have claimed compensation yet and there's now a final deadline to do so. the regulator is launching an advertising campaign to encourage people to act before a deadline to claim runs out in two years. many refineries have shut and almost a fifth of oil and gas production in the gulf of mexico has been suspended amid the largest storm to hit in the us in more than a decade. analysts expect the economic impact of the storm to pass $40 billion. have you been mis—sold ppi, payment protection insurance? like me, you've probably had quite a few calls asking that question but if you're going to claim, you'd better get a move on. from today you've only

in a moment a summary of the business news. uspected of killing 13 people in last week's attack in barcelona — is extended across europe. ten american sailors are missing after a us destroyer and an oil tanker collided, in seas to the east of singapore. rescue teams from three countries are searching for survivors. hate crimes committed online should be treated as seriously as offences carried out face to face, according to new cps guidelines for prosecutors in england and wales. prosecutors received the guidelines today. i'm egon cossou. the chinese car company great wall motor says it's interested in buying some or all of american carmaker fiat chrysler. the two sides have already reportedly held talks about about chrysler's jeep brand. now great wall wants to hold more talks. we've been spending a lot more on our credit and debit cards this year — transactions are up by 12% on last year. but now lenders are facing tough new rules to make sure they are lending responsibly. more in a moment. more than 100 technology leaders are

you with business live from bbc news. ijust you with business live from bbc news. ijust want to remind you of the breaking news we brought you at the breaking news we brought you at the of the programme, kvyat priser shares are up 3.5%. —— be at chrysler. a chinese company, great wall, are planning to make an offer for all or part of the company. there are some reports that they may be after the jeep brand, there are some reports that they may be after thejeep brand, one of the more lucrative brands in that stable. a quick look at how the markets are faring, this is how they looked in europe at the start of the trading week. let's turn our attention to something entirely different. for most new mothers, being at home caring for a new baby can be a pretty lonely experience. it's often hard to meet like—minded people. so one new mum took matters into her own hands and created an app to fix the problem. peanut is kind of like a dating app for new mums. it brings new mums together who are going through the same things and live close to each other. it was co—founded by f

in the business news. found found guilty of giving donations worth 29 million pounds to nonprofit foundations linked to south korea's former president park geun—hye, in return for political favours. shares british supermarkets have fallen on the prospect of a price war with amazon. it has announced that it is going to slash prices at its whole foods grocery chain in everything from bananas to salmon. it will complete its take—over of whole foods on monday next which it has bought for almost £11bn british airways has called on the uk's border force to tackle ‘serious inefficiencies‘ at uk airports. the airline says routinely at terminal five only one third of the 29 state of the art egates are open and are usually shut prematurely at 11pm causing massive queues and frustrating delays. it said that with brexit just round the corner the uk needs to show that it‘s an easy place to travel to. 0fcom is due to present its advice to culture secretary karen bradley over the proposed merger between 21st century fox

in the business news...s. sales rose on profits went up 37% to £200 million. more on that in a moment. a slowdown in the housing market is spreading from london to other parts of the south east of england. the royal institution of chartered surveyors says while the region pulled down activity and average prices across the uk, other areas still saw prices go up. the co—operative bank has posted a £135m loss in it's first earnings report since it was rescued, after plans to sell it collapsed. but the bank said it lost about 25,000 current accounts during the first half of the year, amid the uncertainty over its future. more on those tui figures now. today we learnt that while profits and sales are at the company — a family holiday that cost £2000 last year is £140 more expensive expensive this year. that's according to tui — the uk's biggest holiday company and owner of the thomson and first choice brands. but the 7% hike in average selling prices doesn't seem to have dampened our appetite for travel, with the

other business news.sroom del chan says it will partner with alibaba to tap into the growing number of chinese tourists. —— hotel chain. it will allow them to book rooms using the travel website on alibaba. they can also use alipay on their smartphones. chinese tourists will ta ke smartphones. chinese tourists will take 700 billion trips over the next five years. prosecutors in south korea want a 12 year prison sentence for the samsung previous ceo, jy lay. they say he was the ultimate beneficiary of the crimes committed in the scanner which brought down the previous president. he denies any wrongdoing. the court will rule later this month. tesla once $1.5 billion to pay for the introduction of its new model three car by selling bonds to investors. that is even though they have $3 billion in cash. they are expected to go through most of their cash this year as they try to produce 100,000 of those mass—market cars. they already have half a million orders for the model, they say. video streaming giant, netf

in the business news this afternoon...app fell nearly 17 per—cent. it reported a loss of more than 400 million dollars for the three months tojune. the company is facing fierce competition from other apps, such as instagram. energy companies say more than three million electricity customers have switched suppliers so far this year, to take advantage of cheaper deals, an increase of 1a % over the same period last year. however, those taking action are still in a minority despite rising bills. google+ parent company, alp that, cancelled a compa ny—wide google+ parent company, alp that, cancelled a company—wide meeting to discuss the company policy on diversity. earlier this week a mail softwa re diversity. earlier this week a mail software engineer was sacked for talking about female workers in a memo. the meeting was cancelled due to safety concerns when right wing commentators published the names of certain employees. a very good afternoon to you. men from poor backgrounds are twice as likely to be single in their early 40

there will be more business news throughout the day on the bbc live web page and on world business report of sunshine, todayit yesterday we had a bit of sunshine, today it is changing again. lots of cloud and outbreaks of rain on the way. moving mainly into northern and western parts of the uk. all associated with this weather fronts here tied into the area of low pressure sitting way to the north. moving gradually southwards and eastwards. it will stay largely dry and sunny eastwards. it will stay largely dry and sunny across eastwards. it will stay largely dry and sunny across the far south—east of england, we can see this area of rain as it slowly moves eastwards, quite breezy conditions and strong winds over the mountains and the north—west of scotland. while the bulk of the heavy rain clears from scotla nd bulk of the heavy rain clears from scotland it will feel quite cloudy and drizzly. drizzle is likely for the lakes and the peak district and through wales, the south—west of england as well and even for northern ireland, staying pretty cloudy during busy afternoon. the rate will mo

now on bbc news, all the latest business news live from singapore. downgraded.oshiba moves off the main stock board of tokyo because of financial problems. and a snap deal going at a loan after calling off a sale to a rival, flipcart. good morning, asia. hello, world. welcome to another edition of asia business report. it's a tuesday. i'm sharanjit leyl. report. it's a tuesday. i'm shara njit leyl. we report. it's a tuesday. i'm sharanjit leyl. we will start with the ongoing problems around the tech giant toshiba. the markets opened for trade and its shares got demoted to the second section of the tokyo stock exchange. we have that story. tell us about this demotion. they opened higher this morning. tell us about this demotion. they opened higherthis morning. up tell us about this demotion. they opened higher this morning. up about 2.596 opened higher this morning. up about 2.5% this hour. yesterday as well toshiba shares rose. if you are like me, wondering why they are actually rising despite the demotion, i have been reading reports from security companies and

live web page, bbc.com/business, on twitter @bbcbusiness and you can find us on facebook at bbc business newsabout facebook moving into the television arena, we would get into that in a moment, but maike is back, the story about the new boss of lego going after eight months, tell us more.“ is interesting, because he is the first non—danish chief executive of lego, he has only been in thejob for eight months. they have said this was always the deal, since he was appointed they would start looking for a new chief executive, so there may or may not be more to the story, but what is interesting is that lego is feeling the pressure. it dominates the construction aisle, but their biggest competitor is moving into that space. what do we know about this new guy? so interesting, because the first guy was there just eight months, and then another dane. it does seem that way, but the new chief executive has got a very good track record. is he good at building?! he is a master builder! is good at increasing profits, which is what you want your chief executive to do. isn't it everybody‘s dream job? we thi

in a moment, we'll have rachel with all the business news. ireland and the republic of ireland in its new position paper on brexit. donald trump faces criticism from within his own party after once more blaming both sides for violence in charlottesville during which one person was killed. the business news: unemployment in the uk fell by 57,000 in the three months tojune, according to the latest officialfigures. that brings the jobless rate down to 4.4%, its lowest since 1975. but earnings still aren't keeping pace with rising prices. average weekly earnings rise by 2.1% compared with a year earlier. but with inflation at 2.6%, we're still feeling the squeeze on our incomes. the royal bank of scotland is to cut jobs in order to restructure. it is considering changes to its operating model that will lead to a cut in it jobs. rbs says the move is necessary to becomes a simpler, smaller bank focused on the uk and ireland. we're going to start with those unemployment figures — sounds like good news — at 75.1%, the proportion of people in work is t

in other business news... of crises that saw chief executive and co—founder travis kalanick ousted in june. mr khosrowshahi is the former boss of online travel company expedia. india‘s plan to crack down on illegal cash by banning high—value banknotes last year was a failure. that‘s according to the country‘s central bank. it said 99% of the money it banned to prevent cash transactions and money laundering had made its way back into the banking system. ministers had hoped the move would make it difficult for hoarders of undeclared wealth to exchange it for legal tender. travellers buying their currencies at uk airports are being offered as little as 86 euro cents to the pound. foreign exchange broker fairfx, which carried out a survey for the bbc, said this rate, from moneycorp at southampton airport, was the worst at any airport bureau de change. the average euro rate across 16 big uk airports was higher, at 95 euro cents to the pound. let‘s ta ke let‘s take a look at the financial markets. the ftse100 has cli

in other business news... ures. 21st century fox, which is owned by rupert murdoch, says the channel has been withdrawn as it is not commercially viable. sources say the decision is not related to fox's takeover bid for sky. the first electric mini will be unveiled at the frankfurt motor fair next month and owners bmw have promised a "characteristic go—kart feel and powerful electric motor". the company has today issued an artist's impression of the car. and the london company that makes the rubik's cube has sued two us companies for selling what it says is a knock—off of the classic puzzle. rubik's brand limited says retailer toys "r" us and manufacturer duncan toys are violating its trademark and hurting its reputation with an "imitation twist puzzle cube". let's have a look at the markets. we are looking at currencies. stirling is weakening. no hint of an interest—rate hike. the euro is getting stronger. there is a sense that we could find parity at the end of the year. we will keep an eye on the currency ma

in other business news we've been following... ith prices that were "too low", which put prices up for existing customers. car insurance premiums have gone up by 11% in the last year, according to the association of british insurers — abi. it also said that the typical bill for an annual policy is now £484. a fresh new shirt delivered at the push of a button is now on offerfor travellers in the us. japanese fashion brand uniqlo has installed a vending machine dispensing clothing at oakland airport in california. nine other machines will pop up at airports and malls at sites including los angeles, houston and new york in the coming months. they will stock men and women's shirts and lightweight jackets. green and black is launching its first uk chocolate bar that is neither organic nor fairtrade—certified. the move by the organic chocolate maker, owned by us food giant mondelez international, parent of cadbury, is likely to further undermine the fairtrade movement. founded in 1991 as a pioneering organic brand, the new velvet edition

there will be more business news throughout the day on the bbc live web page, and on world business reportpical air sitting across many parts of the uk at the moment. that is bringing a muggy start. temperatures widely into the mid to high teens. also, a lot of tropical moisture sitting in this warm sector. you can see it between the warm front and cold front. this air giving lots of mist and mark. that should thin and break up. there will be some goods sunny spells over many parts of england and wales. some showers into north west and wales and north—western england later. for scotla nd and north—western england later. for scotland and northern ireland early morning rain will clear away. sitting in the fresh air. heavy showers developing in inland scotland. later, heavy showers moving south and west. heavy showers for northern ireland. heavy showers eventually pushing into northern pa rt eventually pushing into northern part of england. from any price, sunny spells developing. not wall—to—wall sunshine but still feeling very warm. through this evening, these showers across northern irelan

right, now it is time for the first in our new series on the business of death. new york, where it costs big bucks not only to live, but also to die, in the big apple. burial plots in cemeteries are often some of the priciest pieces of real estate anywhere in the city as samira hussain finds out. deals worth dying for? not in brooklyn. in a city where land is at a premium, it may come as a surprise that even cemeteries are pricing people out. this particular cemetery still has room to grow but they are also trying to maximise the space they already have. we wanted to provide the people of brooklyn, especially, an option where they can have affordable burial, and in their own neighbourhood. but at $2400 per square metre, this is some of the priciest land anywhere in the city. it's just like buying real estate, location, location. a grave which will entomb, or bury three people, and we bury one on top of the other, can start as low as $4500 and can go as high as $18,000, depending upon the location. one way people are avoiding the hefty pricetag associated with a 7.

and business news with christoph, who is always social. with us. ♪ ♪ brent: welcome back here with dw news. u.s. president donald trump has pledged to commit more military resources to fighting the taliban in afghanistan. he says that pulling out of the country would mean making the same mistake as the u.s. has made in iraq. the head of the u.s. pacific command has urged diplomats to find a solution to the current standoff with north korea over its nuclear missile program. joint drills -- tensions are high between pyongyang and the international community. but for young people in seoul, the heated rhetoric is an unwelcome distraction from daily life. reporter: just 60 kilometers from the north korean border, souls bars and clubs are buzzing. this it out for a night on the town. >> i just turned 18 to now i can drink out of all legally. there is always lots of drinking when we go out. reporter: but his party life is about to end. a two-year stint in the military is mandatory for young men in south korea. >> i don't want to go. while i am st

brent: business news now. a quarrel between -- what? >> let me fill you in on the details.ir berlin has received state aid but a buyer is still up in the air and a dispute between carriers continues. some are unhappy about live tons as plans to buy big parts of the airline -- lufthansa's plans to buy big parts of the airline. the chief executive accused lufthansa and air berlin of conspiracy. >> he is a loose cannon who likes posing for the cameras. observers thought airbus came to berlin to make a buyout of air berlin, but they were wrong. instead, he leveled heavy criticism of the german government, lufthansa, and air berlin. >> we see a succession of german politicians falling over themselves to reward air berlin-lufthansa, calling lufthansa german champion, and because of that, it should be able to take over 95% of the domestic market, making it not just a champion, but a monster that will increase the cost of air travel. >> he accuses air berlin and lufthansa of conspiracy, claiming air berlin's bankruptcy was setup to allow left anza to take over a debt free airline,

. —— business news. in the pacific, signalling plans for more launches. campaigners warn that raising credit card limits could be pushing people already struggling with debt into further difficulties. prince william and prince harry visit a memorial garden for their mother on the eve of the 20th anniversary of her death. in the business news. one in five people struggling with debt have had their credit card limit increased, without them requesting it, according to research by citizens‘ advice. the bank of england has warned about soaring levels of personal debt with credit card borrowing now at a staggering £200 billion. as the uk prime minister meets her japanese counterpart, aston martin has announced a £500 million trade and investment deal between the united kingdom and japan. the luxury car brand aims to increase exports to japan, open a number of new offices next year and expand its dealer network. theresa may called the investment "vital" as britain prepares to leave the eu. brexit could mean gap

let's take a look at business news with stephen carroll.ou're looking at market reaction to the latest threat from north korea. >> that's right. as soon as donald trump tweeted the dollar we saw weakened and that has carried into trade we have seen today. we had balls on the asian market earlier in tokyo and seoul. away from risky stocks. london, paris and france are all down. the financial markets have in the past tended to shrug off this sort of saber rattling by north korea. they have been taking it more seriously after the reaction coming from donald trump. disney putting an end to its relationship with netflix. >> it will launch its own streaming services on demand. that means a scrapping a deal to ontouture movie releases netflix including toy story and frozen. this is a major step in cutting the cord. a gamble for walt disney and the cold shoulder for netflix in the strongest cutting of ties between a hollywood studio and the streaming service so far. disney chairman and chief executive bob tiger announced the end of its deal with ne

now it is time for all the business news. and good news from japan, ben?t released its latest set of growth figures, and there's been some good news for the world's third largest economy. japan has exceeded all expectations by recording growth of 1% between april and june. the numbers are an encouraging development for the government but don't solve the country's ongoing financial headaches. japan‘s productivity per person per hour stands at $23.45 that leaves it in 18th place in the world, well behind the us on $33.41 and a host of others including canada, the uk and france. the country's debt has also ballooned in recent years — look at that — at more than 250% of gdp, it has the largest debt to output ratio in the world — by quite a comfortable margin. long—term the country also faces what's been described as a "demographic time bomb". if trends persist, then in less than 50 years, almost 40% of the population could be aged 65 or older. will be getting more detail on that in world business report. we'll also be looking at the story about the chief execu

time for the day's business news. saying itith the u.k.s not going to pay any more than it means to for its price a divorce. >> that is the case. downingstreet is reports that it would pay 140 million euros. the u.k.ics insist will not have financial obligations to the eu when it leaves. britain's plans to offer budget the three years post brexit. jail terms sought for samsung's vice-chairman. this is part of the corruption scandal that led to the president's impeachment. the 49er old has been in it detentions since february and has denied wrongdoing. beens the 49-year-old has i in since february and has denied wrongdoing. asia markets ended the session in positive territory. xed picture. the markets are taking a wait and see approach to how pyongyang reacts to the latest sanctions. there are slight gains on the here inile the cac paris is completely flat. valley memolicon causing a lot of tension. why is that? >> that is after one of google for all male engineers circulated in internal memo. in it, he suggests that google's selective bias

now on bbc news, all the latest business news live from singapore. indian economy is growing, but by how much? recent changes, like a new goods and services tax, have kept people guessing. and donald trump snakes a pitch to clean up the tax code in america. —— makes a. trump snakes a pitch to clean up the tax code in america. —— makes am costs americans millions and millions and millions ofjobs and is self—destructive, trillions of dollars. good morning, asia. hello, world. welcome to another edition of asia business report. i am sharanjit leyl asia business report. i am sharanjit leyl. thank you forjoining us. today, india releases growth figures for the three months untiljune. they they implemented a new goods and services tax which promises to boost production, but has trouble getting off the ground to be that is after the controversial move last year to remove high—value banknotes from circulation. how was that affecting growth in india? we have this report. after months of almost no work, things are starting to get a little bit busier. this facto

in a moment a summary of the business news this hour. t. the white house insists... there is a second day of trouble at the mount prison in hertfordshire with armed prison is understood to have taken over a wing. in the business news: good news, bad news from british gas. its raising the cost of electricity by 12.5%. that takes effect in september. but its keeping the price of gas on hold. the aerospace company rolls—royce has had a good six months. it‘s reported half year profits of £1.9 billion. that compares to a loss of £2 billion the same period last year. it says its seen a big rise in sales. there is a shake—up at the aaa. the us prides itself on its heritage as a car producer. and donald trump has been on a mission to boost the industry. but is it working? well, samira in new york has the latest figures. are those figures out yet? yeah, so what we are seeing is the figures are trickling out right now. we have heard from two car companies, we have heard from fiat chrysler, and their sales are down 10%. ford as well has reported tha

now the business news.ere down nearly 19% to £792 million. the supermarket said its performance was "behind expectations" but saw an improvement in the final quarter of last year. more than a million women in their early 60s have become poorer after delays to their state pensions. the institute for fiscal studies says, on average, women aged between 60 and 62 were now £32 a week worse off. it says poverty rates among that group have risen sharply. growing demand for ipads and new services like apple pay and apple music helped the tech giant apple report more than £66 billion in profit for the last three months. it was enough to send apple's shares soaring to a new record high. the firm also forecast strong sales for the new iphone expected next month. uk economic growth will slow to 1.7% this year according to the latest forecast from the national institute of economic and social research. it says the prediction is a fall from the 1.8% seen last year. it reflects the rise in inflation since last year's brex

in a moment a summary of the business news this hour but first the headlines on bbc news: british gas president trump's new chief—of—staff will bring discipline to his administration, following the sacking of anthony scaramucci. armed prisoners are understood to have overtaken a wing at the mount prison in hertfordshire, in a second successive day of trouble. in the business news: the aa has fired its executive chairman, bob mackenzie, for gross misconduct with immediate effect. the company has given no further details and there's been no comment from mr mackenzie. good news, bad news from british gas. it is raising the cost of electricity by 12.5%. that takes effect in september. but its keeping the price of gas on hold. the aerospace company rolls—royce has had a good six months. it's reported half year profits of £1.9 billion. that compares to a loss of £2 billion the same period last year. it says its seen a big rise in sales. back now to that story about british gas. its parent company, centrica, says profits from its uk energy business that supplies our homes fell by more than a

that‘s all the business news.ontain incredible detail. we can speak to labour‘s shadow ministerfor northern ireland, stephen pound. he‘s in our studio at westminster. can you envisage how it would work without a hard border? i've tried, but it is a fantasy frontier. the idea of having some sort of virtual reality border is just nonsense. it is completely clueless. the problem i‘ve got is there were two major flaws. 0ne i‘ve got is there were two major flaws. one is the idea that you can use technology in an untried way, where it has never happened before. even david davis came out with this marvellous expression of ambiguity. the second thing is that it is about goods, not people. it is about... you can stop lorries coming across from holyhead, but we‘re talking about people as well. there has been no consultation with the political parties in northern ireland. i appreciate that the executive is not in place at the moment but is it right that we don‘t talk to the people, worth 30,000 people across the border every

time to check business news. >> roxana saberi joins us live from the new york stock exchange, good morningna 's. >> dow jones winning streak snapped yesterday, what is the very latest there. >> good morning, guys. dow jones second longest winning streak in a year has broken as rising tensions with north korea weighed on shares. that was even after labor department report showed that u.s. job openings surged in june a sign that solid hiring seen in recent months will continue. dow jones ended 33 points down and nasdaq fell 13. jan and rahel. >> so, a pizza chain is giving customers a new way to order without having to speak to anyone. how does it work. >> reporter: yes, little caesars is rolling out a new service letting customers order on a mobile app and go to the local branch, enter code and pick up for is what called a hot box. little caesars is testing the service in air zone, mcdonald's began introducing self service kiosk last year and panera offers it letting people order on line and show up, grab their food from the local restaurant. >> guess we don't to have talk to anyone. >> we

in a moment a summary of the business news this hour but first, the headlines on bbc news.he government wants to negotiate a temporary customs union with the eu for when the uk leaves. the grenfell tower public inquiry will examine issues including the cause of the fire and the actions of authorities before the blaze. in the business news... the headline rate of inflation stayed steady last month — at 2.6%. that's unchanged from june, thanks to a fall in fuel prices amid other signs that the squeeze on household spending power may be levelling off. the rate is still well above the bank of england's target of 2% though and means average earnings are lagging behind rising prices. and today's inflation data is used to determine some rail fare rises from january. it means prices of regulated fares including many season tickets, could rise by up to 3.6% — which is the rpi rate of inflation. critics say the lower measure of inflation — the 2.6% cpi - should be used instead. a union is warning a strike at argos distribution centres will severly hit the retailer's customers. unite

for now we're gonna take a spender some other business news making headlines this hour. i. think the mission has launched an in depth investigation of bears plans sixty six billion dollars takeover of u. s. seems group monsanto. merger would create the world's largest integrated pesticides and seeds company. the commission raised concerns about reduce competition in season pesticides markets in europ. the united states treasury has announced new sanctions against russian and chinese and sees an individual's over north korea. treasury department said it would target ten entities then six individuals accused of helping north korea develop missiles and nuclear weapons. back in june the u. s. sanction the chinese bank of day dawned over accusations of helping him yanking the engine money laundering. prisons energy minister says the government is looking to sell part of the giant state owned power utility metrobu. it comes about growing budget deficit. result hopes to raise about six billion dollars in the partial soft. the governor would retain a golden share to exercise veto p

suit —— ridge will be here with the business news and moment.n the atmosphere. big enough for some rain to the north. anything positive to be said? yes. the temperatures will be about 14—17. that is a mild start to the day. but it will be a slow start for many. if you're on the move first thing, as i say, some of this is sitting low in the atmosphere — that will mean extensive hill fog. it is going to take time before it leaves some of this starts to break up. with a little bit of heat coming through, and i think that will trigger some showers, some hefty, across northern ireland. the odd drib and drab there to be had from an old weather front. as we move towards the central belt and the brightness there, temperatures will be about 19. further south than that, there is a chance that the heat of the day — and it will be a very warm one — will spark some showers into the north—east. there could be the odd one floating into north wales. further south from that, few showers to report. i am showing widely here you will see 23, possibly 24. but if we

that's a business news i [captioning made possible by democracy now!] ♪ abamy: from pacifica, this is democracy now! >> the statute of liberty is a symbol of american liberty lighting the world. the poem was added later. president trump's senior policy advisor stephen miller speaking on wednesday about trump's push to admit english-speaking immigrants after

ina in a moment a summary of the business news. defends the rash of president donald trump to violence by white supremacists at a rally in virginia amid criticism he did not typically condemn a white groups. the south korean president has asked allies to help prevent a war over the emerging north korean threat. there seems to be little hope that pay is going to rise anywhere near the rate of inflation. the latest forecast is for a average one percent rise over the next year. it‘s from the chartered institute of personnel and development. even though unemployment is still falling there seems, it says to be a constant supply of labour — particularly for low to medium skilled jobs. after decades of stagnation, japan has reported its sixth straight quarter of economic growth. it‘s the longest run of economic growth in ten years. but there are other things to worry about — huge levels of debt and deflation, falling prices which could undermine a proper recovery. in the last hour, uber has announced a series of initiatives which, it says

in other business news.line business doing particularly well. sales were up 5% and profits rose 32% to £57.2 million. sales at its high street shops were down. europe's biggest defence company, bae systems has reported profits of £865 million for the six months to june. that's up 10% on the first half of 2016. the firm says it got a boost from rising government defence spending and the weak pound. profits at mining giant rio tinto have almost doubled to $3.3bn for the six months tojune. the company was helped by rebound in the price for iron ore. and british airways has apologised for a temporary problem with its check—in systems at some uk airports. passengers at heathrow, gatwick and london city airports had to be checked in manually and faced long queues and delays. ba said the fault was resolved at about nine this morning and its computerised system was now operating normally. on the markets. i want to draw your attention to rio tinto. down 3%. the ftse is down. william hill, if you have shares, they are

sally bundock with the business news.e brexit negotiators — britain is facing a significant brain—drain and manufacturers are worried. plus a juicy story from down—under: is australia running out of oranges? and is chinese thirst to blame? we'll find out. hello and welcome to bbc news. north korea has fired a missile which has crossed northern japan — the latest in a series of tests which have vastly increased tension with the united states. it was fired from sunan near pyongyang in north korea and made its way towards japan's northern island of hokkaido. it landed in the sea, east of cape erimo. donald trump and shinzo abe held a a0 minute phone call, and have vowed to increase pressure on north korea. the un security council will hold an emergency meeting tuesday afternoon. the south korean president, moonjae—in, has ordered his military to display "overwhelming force" in response to north korea's latest missile launch. let's cross now to seoul and our correspondent yogita limaye. yogita, this launch is significant, but

just ahead of the business news, let's look at some of the other news coming into the bbc newsroom in nations says 111,000 people have fled from the iraqi city of tal afar — where government forces have launched a major offensive against so—called islamic state. about 2,000 militants remain in the city, which has been bombed by us and iraqi warplanes. president trump will announce his long—awaited strategy on afghanistan in a live tv address on monday night. the white house said the president would provide an "update on the path forward for america's engagement in afghanistan and south asia". thousands of people have marched through hong kong to show their support for three pro—democracy activists who were jailed last week. joshua wong, nathan law and alex chow were initially given non—custodial sentences for their involvement in mass demonstrations in 2014, but hong kong's government pushed for tougher sentences. the uk government is to publish more details of its brexit negotiating process today. the position papers are expected to outline what happens to goods already in the single

business news now.ned by stephen carroll, starting with china and a warning from the --. >> the chinese economy is growing faster because the government will not rein in what it calls "dangerous levels of that." -- debt," it is said that beijing is putting financial stability at risk by knowing household, local governments, and companies to borrow so much. economy -- china's economy might be growing faster than expected, but that is mostly due to the unsustainable debt, according to the ims. international experience china's current credit to directory is dangerous, with increasing risks of disruptive adjustments. the ims says it expects the combined debt of chinese household, companies, and 236rnments to grow from percent of gdp last year to almost 300% by 2022. it is the price to pay for the governments success of borrowing as it aims to double the size of the country's economy between 2010 and 2020. the front has warned high debt impact the ability to react to a potential economic crisis, but others c

in the business news... or manufacturers and traders, which collects the figures, has blamed the fall on a drop in business and consumer confidence. royal bank of scotland, rbs, made over £900 million in profit in the last six months. and it said its moving about 150 staff to amsterdam after brexit. but the bank, still 73% owned by the tax—payer, may not make a full—year profit. it all depends on how much it has to pay out in legal costs in court cases in the us that relate to the 2008 financial crisis. one of the uk's biggest business lobby groups has urged the cabinet to stop "dancing around the edges" of brexit. the institute of directors — it has about 30,000 members — has criticised the cabinet for engaging in what it called "a range of speculative arguments over transition". it warned that without agreement, business faces "short—term chaotic cliff edges". good afternoon. new research from the federation of small businesses shows the majority, 6a%, of small firms impacted by the national living wage hav

to other business news now, and music streaming service spotify has signed a new licensing deal withted flotation on the new york stock exchange. after deals with sony and universal, warner was the last of the three big record labels to agree to renewed terms to make its catalogue available to spotify‘s 140 million users. artists and labels have in the past complained about minuscule revenue from streaming sites when compared to downloads or physical sales. investors have been selling off shares of supermarkets in the us after amazon said it would complete its takeover of the whole foods chain on monday, and immediately embark on price cuts. amazon's news reignited fears for the future of the traditional supermarket industry. walmart, target and costco all saw their shares fall. office space company wework is to get a major investment worth $4.4 billion from japanese tech giant softbank. the new york start—up was founded in 2010, and helped pioneer the concept of shared office space. it operates in 50 cities across 16 countries around the world, and is planning major expansion into a