take a majority sta ke, careem, it could take a majority stake, a firm that is based in dubai. your're watching business live, our top story: as the uk government prepares to unveil its latest proposal in a future customs deal, businesses overwhelming say they want a frictionless border. we will hopefully get some detail about that, this talk of a third way. now, if you've got kids, you'll know thatjust dressing them is an expensive business. they grow out of their new clothes almost as soon as you've bought them. it's little wonder, then, that the global childrenswear market was worth a staggering $203 billion in 2016. but many established clothing retailers are suffering from the shift from bricks and mortar to online. internet sales now account for 24% of uk fashion spending. as in other parts of europe, that's made it harderfor high street stores to compete because of their higher costs. in the uk, that helped the high streets record a net loss of more than 1,700 stores last year. frances bishop is founder of the pud store. and i am told she's a real evangelist when it come

in most of these markets, careem is actually ahead of uber.ket inbiggest saudi arabia, and they are now encouraging women to sign up. stakeholders that we need to bear in mind as this deal progresses from this point onward. you got saudi funds, a large investor in uber. theon the other side, prince, through his investment vehicle of kingdom holding have a stake in careem. overall, i don't know whether a lot of the things we use a day-to-day like whatsapp or other social media will be challenged in the middle east. if you are an investor, is this what you are looking at? tech in the middle east are new players? yousef: absolutely, it has been a new trend. a lot of these markets have been, not undiscovered, but not fully tapped. think of what happened with amazon, going in aggressively with a similar thing to over, and you mentioned whatsapp and other services. nooned.comm -- bunch of other pockets, where more investors are keen to go in with a lots of capital. not an easy markets to crack, there is a lot of regulatory red tape. they are not as

braking among other checks, adding there are no exceptions >>> and dubai-based ride hailing firm careem says it intends to focus on growth into new markets and doubling down on existing cities this following reports that it's in talks with uber over a potential merger they suggest the two firms have discussed several different types of deals, among them uber acquiring its rival and another strategy could see kareemcareems leaders manage the combined business. >>> england took colombia to a shootout for a place in the quarterfinals, and despite previous losses with spot quicks, they prevailed 4-3 >> quite amazing for the first time in world cup history, england, that's right, england, have won a penalty shootout it's estimated that 28 million people may have watched that game last night against colombia it wasn't pretty, a bit bruising but england came through they went ahead -- who else would score the goal harry kane getting his sixth goal at the world cup. his third from the penalty spot making no mistake. a long delay before that spot kick the colombians were protesting for quite som

as a result of the impact it has on consumer sentiment, and careem's last disclosed financing valuedng it one of the few to have reached that sort of valuation. talked ton trying and investors about new fundraising that could value the company up $1.5 billion, potentially an ipo. those talks have been going on a long time and it has not been as easy to sell this time as previously. guy: matthew martin joining us, thank you. we will discuss what is going on in the crude market, coming up next. this is bloomberg. ♪ ♪ live from london, i am guy johnson. this is bloomberg markets. let's look at where equities are trading now. we do not have a lot of volume so there is not a lot of movement. .e are seeing very low volume everyone has their feet on their desk as a result of the u.s. not being bayer. we will probably -- not being fair bank. beinghere. asian markets and chinese market sold aggressively overnight. let's take a look at the cross assets. we will be talking about the oil price in a minute. 74.75.rading at that's 77.75. a .29 handle is worth paying attention to. euro-dollar, 1.16