china. never heard of it? well, it is a crop but it is now in the firing line between the us and china as trade tariffs take hold morning asia, hello world, it is a wednesday. glad you could join us for another exciting midweek edition of asia business report. i am rico hizon and we start off with us stocks. as we can see here, at the broader s&p 500 index, containing the us‘s biggest companies, hit a record high overnight during the session and could hit a milestone. however, it is down slightly in after—hours trading after president trump's former campaign chief and personal lawyer faced legal troubles. despite the slip, the s&p 500 is on its way to its longest—running bull market in history. to explain just what it means, our reporterfrom history. to explain just what it means, our reporter from the york. what is the bull market, you ask? well, there is no formally accepted definition but it is widely believed to be when the market rises 20% from a trough, the opposite of course being a bear market. as of thursday, the s&p 500 will have been rising for 4353 days, the longest since the dot—com boom of the 1990

as the dispute continues, it is notjust china or the us that is affected. onomies are intricately linked to china's fortunes. many made in china products have components from other countries, and so what hurts beijing hurts countries further afield like south korea, taiwan or singapore. our asia business correspondent has the full details. in the 50 years he has run this business, this man hasn't seen anything quite like this. he and his daughter, joyce, are trying to figure out how their family business can avoid becoming a potential casualty of the us china trade war. they make speakers in this factory in singapore, and also have factories in vietnam and china. the worst case is you impose a 25% tariff... now they have found out that the equipment they make on their chinese factory is on the latest list of chinese goods the us is targeting. if these tariffs come into effect, their chinese made speakers could be up to 25% more expensive for american customers. we are sandwiched. we have a little voice, our voices were probably drowned out. hopefully it find

goods traded last year between the us and china were worth $635 billion. een the us and the eu it was 1718 billion. between the eu it was 1718 billion. between the eu and china, that was 652 billion. 0ver eu and china, that was 652 billion. over three decades the exchange of global ‘s goods and services have —— has increased by an average of 210%. but the wto has warned that that trend is about to come to an end. it is all down to weaker exports, slowing car sales and increased trade tension. while free trade has a knack reached many nations, lifting millions out of poverty, many believe that the wto system is outdated, including president donald trump. he has threatened to expand ta riffs trump. he has threatened to expand tariffs on beijing to half $1 trillion which are much others almost every product imported to the us from china. the international monetary fund has warned that rising trade tension between the us and the rest of the world could cost the global economy some $430 billion with america especially vulnerable to an escalating tariffs for. the

, which faces hefty tariffs that china is imposing on usther countries are now scrambling to take over that share. some farmers like the idea of the trade war between china and the us. take producers in brazil — pig farmers in this region of the country want to more than double their production in the next ten years, but they don't have enough consumers, so a trade war between two other countries is an opportunity to gain new markets. growing labour and land costs in china are driving up imports. in recent years, it overtookjapan, and is now the world's biggest pork meat importer. but not everyone is convinced that trade wars are good, or even easy to win. this man runs one of brazil's biggest pork exporters. he says chinese tariffs on us soy beans are forcing up global prices, including in brazil. soybeans and corn are a large part of the cost of pork meet, so brazilian pigs are more expensive and less competitive. translation: these trade wars seem at first glance to be beneficial to brazil, but on second thoughts, we export commodities b

i think the fact they are talking, the us and china, the us talking, the us and china, the us talkingssociations are going on, the markets are looking through that. also we understand investors will keep an eye onjackson, some of the most powerful central bankers meeting, it's an annual powwow at what they have to say is important. it is important, and we look at it, to see whetherjerome powell will talk about reducing the balance sheet in the us, look for some impact on interest rates and the direction they are going, officially that the is the economic impact of the superstar companies but i think we will probably be talking more about economics than specific companies. sophie, thank you, you'll be back with us to talk through the papers ina be back with us to talk through the papers in a moment. thank you. including greece. still to come fighting infections where they start a revolutionary technology that puts anti—microbal agents straight into gloves could improve hospital survival rates significantly. you're with business live from bbc news. first let's talk house prices, we are

following us withdraw from the free trade trans-pacific partnership now they're pursuing a china backed regional trade agreement with pacific powers excluding the us singapore's prime minister said it could be signed by the end of the year. and to the european side of that trade story the european commission says u.s. song being imports to the e.u. have almost quadrupled commission president on close up as a sign the e.u. is delivering on promises made to president obama trump last week in an effort to dodge a trade war between the two sides. donald trump has certainly disrupted global trade flows especially when it comes to soybeans u.s. soybean farmers have seen prices for their produce plunged by twenty percent after their prime export market china imposed high tariffs in retaliation for u.s. tariffs on chinese goods the trade has almost ceased the e.u. was quick to take advantage of the cheaper u.s. crop something that must have been clear to commission president john claude younker last week when he promised trump the e.u. would step up u.s. soybean imports. the latest figur

you have just the spheres around china us trade tensions.more rumours today, sources saying president trump is looking to slap higher tariffs on chinese goods, considering tariffs of up to 25% on $200 billion worth of chinese goods. mrtrump has $200 billion worth of chinese goods. mr trump has also previously threatened to levy about 10% of those chinese imports, including all sorts of things from steel, aluminium consumer goods, dog food, furniture, tyres, et cetera. but with talks at a standstill, sources say this move will pressure china to return to the negotiating table. thank you very much indeed. india's central bank will be announcing its latest monetary policy decision today. injune, the bank had raised its key lending rate by 0.25%, the first hike in more than four years. so what could it do today? the bbc‘s yogita limaye reports from mumbai. are prices of vegetables, fruit, food grain and fuel rising rapidly? in short, is inflation growing at a fast pace? well, that is one of the main things the central bank considers when making

we start in trade and the escalation between the us and china, as of noon in beijing another $16 billionth of us imports will be subject to tariffs, the same as the amount in chinese goods that will face tariffs in america. on the us list of items, 279 products mean in the mainland —— made in the mainland which will have 2596 in made in the mainland which will have 25% in import taxes including items like tractor equipment and parts used to make semiconductors and motorcycles. on the chinese side they are raising tariffs on coal from the us, medical instruments and ca i’s from the us, medical instruments and cars and buses made in america. this brings the value of goods facing ta riffs brings the value of goods facing tariffs in each country to 50 billion dollars us and in another $200 billion potentially in the works, all this week the us government has been holding public hearings on implementing more import taxes on chinese products, while at the same time officials from both countries are holding negotiations to see if they can end the impasse. one trade analyst says it is unclear if

the us is slapping new tariffs on $16 billion worth of chinese imports. chinaa tit—for—tat move — taxing us imports worth the same amount. hundreds of us products will face a 25% import tax in china — ranging from coal to cars. the us will tax hundreds of chinese goods at the same level — from trains to steam turbines. this takes the value of us and chinese goods caught up in the trade war — to total of $100 billion — piling pressure on exporting companies on both sides — and threatening to force up prices for consumers. the white house maintains it's the only way to tackle china's ‘unfair practices‘ in trade — and specifically its theft of us technology. beijing says it's being forced to react to washington's unreasonable actions. karishma vaswani — our asia business correspondent — is at the port in singapore. a very, very busy port where you are, karishma, anybody there would be concerned about this. that's right, lots of businesses i have been speaking to over the last few months as this trade war has ratcheted up on both sides, very concerned about how lon

so with all that tension between the us and china, let's take some heart from... 0h between the us andtake some heart from... oh no, sorry. whichever direction you look at, there is something to worry about with the global economy and for british consumers, british shoppers, this weak pound is going to make holidays a lot more expensive. yes, people were turning up to the yesterday and with £1, they are getting not even 1 euro, and so that is incredibly disheartening and this is incredibly disheartening and this is all really in response to this no deal brexit, this is really hard line that our prime minister has taken that no deal is better than a bad deal. it is a little bit like trading cars, is sort of walk away from a car show saying no deal and thatis from a car show saying no deal and that is a way of negotiating, but in that is a way of negotiating, but in that case you go somewhere else. that is not the case with brexit, we have all sorts of issues to deal with with brexit. mark carney coming out last year in saying that the chances of a no deal brexit is uncomfortably high an

goods traded last year between the us and china were worth $635 billion. een the us and the eu it was $718 billion. between the eu and china, that was $652 billion. over three decades the exchange of global goods and services has increased by an average of 210%. but the wto has warned that that trend is about to come to an end. it is all down to weaker exports, slowing car sales and increased trade tension. while free trade has enriched many nations, lifting millions out of poverty, many believe that the wto system is outdated, including president donald trump. he has threatened to expand tariffs on beijing to half a trillion dollars, which covers almost every product imported to the us from china. the international monetary fund has warned that rising trade tension between the us and the rest of the world could cost the global economy some $430 billion with america especially vulnerable to an escalating tariffs war. the us imposed 25% tariffs on $34 billion of chinese staff ranging from tractors to handbags, even umbrellas. and that prompted beijing to ret

china needs so much of it that it buys a lot from the us. war between china and the us has not had an impact on agriculture in this area, not at all. that is about to change, because china has just hit us sorghum with a 25% tariff, which should mean more demand for the farmers growing it here. translation: last year, the profit for sorghum was larger than from soy. we've heard some conflicting stories since we got here from farmers and traders. some say the cheaper imported american sorghum has hurt business, but others say there has been no change really, it is still very profitable. what you see around me in the field though is that china is currently unable to produce enough of this crop to meet its own needs, so as china hammers american farmers in this crop trade war, it needs its own to grow more, and it's notjust sorghum. soy bean is crucial. without it to feed china's pigs, there is no pork on the table, but most comes from america. translation: the issue now is that imported soy from the us is cheaper and the prices of our soy beans

china itself. similar to what us farmers are achieving. and then you could cook ata achieving. t array of different options even at the point of china selling us treasury bonds which could cause inflationary issues in the us. in other business news, japan's household spending fell 12% injune, extending its annual declines for a fifth month. private consumption has been a soft spot. slow wage growth prevents households from loosening their purse strings as companies are discouraged from hiking prices and keeping the 2% inflation target out of reach. pepsico chief executive indra nguyen is stepping down and has appeared on the list of most powerful women for forbes. she took thejob in 2006. the 60 to your businesswoman has been with the company for 2h years and in a series of posts on twitter, referred to her upbringing in india said she never imagined she have the opportunity to lead a company like pepsico. japan's softbank group has reported 49% jump in profits after selling its stake in indian commerce giant flipcard. the sale is the first sign of softbank making money off its

it is notjust china or the us that are caught up in this trade war. ies are intricately linked to china's fortunes through their highly connected supply chains, and what hurts beijing can also hurt countries further afield, like south korea, taiwan or singapore, from where our asia business correspondent karishma vaswani sent us this report. in the 50 years he has run this business, this man hasn't seen anything quite like this. he and his daughter, joyce, are trying to figure out how their family business can avoid becoming a potential casualty of the us—china trade war. they make speakers in this factory in singapore, and also have factories in vietnam and china. the worst case is you impose a 25% tariff... now they have found out that the equipment they make in their chinese factory is on the latest list of chinese goods the us is targeting. if these tariffs come into effect, their chinese—made speakers could be up to 25% more expensive for american customers. we are sandwiched. we have a little voice, like, our voices will drown out. hopefully it f

hundreds of us products will face a 25% import tax in china — ranging from coal to cars. x hundreds of chinese goods at the same level — from trains to steam turbines. this takes the value of us and chinese goods caught up in the trade war to total of $100 billion — piling pressure on exporting companies on both sides and threatening to force up prices for consumers. the white house maintains it's the only way to tackle china's ‘unfair practices' in trade — and specifically its theft of us technology. beijing says it's being forced to react to washington's "unreasonable" actions. on wednesday delegates from the two sides resumed talks for the first time in two months — but president trump has already warned he doesn't expect much from the meetings. let's get the view from asia now — our asia business correspondent karishma vaswani is at the port of singapore. the carys have arrived. what next? these tariffs have long been signalled. —— the tariffs. $16 billion of carys go into effect today. this follows 3a that came into effect injuly. —— tariffs. but it is the big figure,

and the us has been launched by mr trump. and in between china and us has been. up to now. and thought mr tron to. see the drool with south korea will be reactivated has to to call in to the stuff i do if these people in one of the tree walk of china and trouble force previously said the games would be restarted if negotiations fail were the law thing was very positive about this summit they had a side thing as a very successful does that mean that. have stalled have failed and will see a return to hostility. well it depends i think the current situation as i said to contest is very different. to trade war between china and the us has started to bite the east and southeast asian countries such as the expression i would say south korea and singapore thailand malaysia and the others countries now decays all of south korea because china and you as are the largest trading partner of south korea so the consequence of these unstoppable trade war east and the negative impact on south korea so what i'm expecting is very likely because the escalation betw

the price of other things that china uses china's labor cost is going up it's it's just us is not the beneficiary on tropes room you know he wants us to handle but i have an equal footing here with china but china is already theirs you're going to be on equal footing with most of the rest of the world it's just not going to please trump transpiring this this gun and it's coming back around boomerang back around he's firing to gun right after us max i think it might cost in the midterm elections so mish what do you think should be done about the so-called bucket of losers of which were spoken about by hillary clinton those in the former industrial powerhouses that now have non wealth creating low wage jobs like burger flipping it can't possibly afford to move to where the jobs are in san francisco new york city massive copper car suresh to keep them from voting perhaps five dollars a wages you know what is your answer on that well you're going to be with me on this woman pets this. was the real problem here that's what we need to step back and look at is the real problem that wages are

the price of other things that china uses china's labor costs is going up it's it's just us is not the beneficiary on tropes rooney you know he wants us to handle but i have an equal footing here with china but china is already theirs you're going to be on equal footing with most of the rest of the world it's just not going to please trump transpiring this this gun and it's coming back around boomerang back around he's firing to gun right after us max i think it might cost in the midterm elections so mish what do you think should be done about the so-called bucket of losers of which were spoken about by hillary clinton those in the former industrial powerhouses that now have non wealth creating low wage jobs like burger flipping it can't possibly afford to move to where the jobs are in san francisco new york city massive copper car suresh to keep them from voting perhaps five dollars a wages you know what is your answer on that well you're going to be with me on this woman pets this. was the real problem here and that's what we need to step back and look at is the real problem that wag

following us withdraw from the free trade trans-pacific partnership now they're pursuing a china backed regional trade agreement with pacific powers excluding the us singapore's prime minister said it could be signed by the end of the year. and to the european front of that story the european commission says us soybean imports to the you have almost quadrupled commission president on quote you held it up as a sign the u.s. delivering on promises made to president donald trump last week in an apparent effort to dodge a trade war between the two sides donald trump has certainly disrupted global trade flows especially when it comes to soybeans u.s. soybean farmers have seen prices for their produce plunged by twenty percent after their prime export market china imposed high tariffs in retaliation for u.s. tariffs on chinese goods the trade has almost ceased the e.u. was quick to take advantage of the cheaper u.s. crop something that must have being clear to commission president john claude younker last week when he promised trump the e.u. would step up u.s. soybean imports. the late

plans to be built overseas the report from bloomberg also says tesla may raise some of the cash in china use the falls just ahead of tesla's quarterly earnings report due later today investors have criticized the california based electric automaker for burning through cash and missing production deadlines just yesterday there were reports tesla was in talks with german authorities for european factory is what. follows is earning more than ever before despite the diesel scandal and the costs involved the group six point six billion euros during the first half of this year that's two point one percent more than during the same period last year but forbes warns the second half of this year could be difficult it could struggle to comply with new emission standards applied in the e.u. starting september stars and already produced cars are currently waiting to be tested comicon said tariff disputes could add additional problems. now what if you could buy fine art in a supermarket something that is meant to be lasting in a place filled with consumables that's what british art is losing sparrow atte

the us believes china's technologically —— technological acquisition is outright illegal and that hasfects of how the us economy develops. in terms ofjobs and its general successful sectors. the us is determined to change those practices, whereas china has been relatively flexible in terms of ta riffs relatively flexible in terms of tariffs and import levels. it has also been relatively inflexible in terms of its technological ambitions and that is really the root of the problem. right. so how are countries in the region, including china, buckling up and potentially protecting themselves all of this? well, u nfortu nately protecting themselves all of this? well, unfortunately for china, they don't have a suite of very good options in response to us actions. it can claim that it will retaliate, but there simply aren't a lot of very good options from its perspective. it can continue to wea ken perspective. it can continue to weaken the r and b, but not without weakening its own interests. —— it can perhaps sell down its treasury portfolio, but not without harming it. -- rmb. so, portfol

what we have in front of us is a very simple choice, either the system is taken down in the fight between chinatand that the system, the system meaning basically what we learned from the second world war, from the mistakes of the 20th century, which is a system of checks and balances, and the world trade organization mediates to help them find a solution to ensure trade is fairer to the realities of today. that is the question ahead of us. we have talked about china and the united states but actually, it's not just china and the united states. america, actually donald trump has said that the european union is almost as bad as china. so, we're also seeing calls for protectionism and we want things made in our country. there is a prevalent mood of economic nationalism, isn't there? and people perhaps seeing protectionism — it is something that we need to protect ourjobs, to protect our industries, and that is the reality i am saying that the wto has to adjust to. i think we are seeing a lot of moves to protect people, but we are not seeing trade protectionism. trade protectionism is being used by

still to come: trade tensions topped the agenda this week, with spats between the us and china and theet the low—down from our economics editor in just a few minutes. you're with business live from bbc news. there was a record 39.2 million tourists visitng the uk last year, that's up 4% on 2016. sean farrington is in liverpool for us this morning looking at what's behind the record—breaking year for the industry. so the north—west is actually one of the areas of the uk that has capitalised on this record—breaking year that britain has seen with visitors from abroad. liverpool, one of those places in the north—west. you've got the beatles, you've got beautiful buildings to come and see, but when people get here the weaker pound has meant they're able to spend more than maybe they plan to beforehand. india and china have seen a huge amount of growth from people visiting, but america are still the biggest spenders when they get here. we have patricia yates from visit britain. when we looked at the main trend, the weaker pound has meant it is better for trend, the weaker pound has meant it

and china us trade disputes the two it could only join hands hit each other with another sixteen billion dollars in town of course towns to use most to bring you a special report from one u.s. region brings in for tough times ahead also coming up preparing its citizens for the worst case scenario the u.k. government starts dishing out advice on what to do in britain crashes out of the european union without a deal between general brussels and things. and this is the soundtrack for social change in georgia. the capital club's in tbilisi on the forefront of the push to get the conservative posts of the country do you listen up and embrace the liberal values. of the warm welcome to you i'm on the thought she the u.s. has slapped a twenty five percent tariff on sixteen billion dollars worth of imports from china this is a second round of targets in response to want to trump accords beijing's on fred trade practices china reacted swiftly with its own high tariffs on over three hundred american products and that means tough times ahead for american region. that export billions in tax to china

we begin with this spat not between the us and china this morning, but between the us and turkey.lue of the turkish lira is at a fresh record low, as you can see and oui’ lira is at a fresh record low, as you can see and our screen, lira is at a fresh record low, as you can see and our screen, against the us dollar. check this out — this year it has lost 40% of its value and turkey's refusal to release the american pastor has worsened relations between the countries. president trump said he would double the steel and aluminium tariffs and on friday the lira have the worst day since the turkish financial crisis in 2001. in response the president said his country was facing an underhand plot as he addressed a rally on sunday. translation: the response to those who wish to create a trade war against the whole world and our country will lead to new alliances. look at this. they increased tariffs on metal and steel. we are a member of the world trade organization. this is not part of the rules of the world trade organization. this cannot be done. strong words from the turkish president

from asia and people cannot it's on the internet in china and google is trying to get back into china. using this answer. as once it is launched and at the moment. the google idea was to have it ready between the next six to nine months to watch but we've seen this story that we published yesterday through a sponsor in the world. those with the intercepts apple has become of the first u.s. companies to top one trillion dollars in market bell the record crude crowns a decade long rise fueled by the i phone it transformed the tech firm from a niche player in personal computers into a global powerhouse spanning entertainment and communications started in the garage and co-founder steve jobs back in one thousand nine hundred eighty six apple has changed how we communicate with each other and how businesses conduct daily commerce it's why we even have self you're watching news live from berlin i'll be back at the top of the hour with more world news followed by the day. make your smart t.v. even smarter with that. what you want where you want it. up to date. extraordinary. you decide what's on. s

we have rebuilt china. i used to talk about this. i didn't precedent initially -- press it initially because i wanted them to help us with north korea. and they did. hey, folks, they have been doing this stuff for 75 years. three months, what happens? >> [cheers and applause] president trump: i can't tell you.

us. hello and welcome to business live. the trade war between the united states and china has heated up with a highly unusual personal attackent trump in chinese state media. thr people's daily newspaper said the us president was starring in his own "street fighter—style deceitful drama of extortion and intimidation". it added that trump's desire for others to play along with his drama is "wishful thinking". all of this comes after china announced tariffs on another $60 billion of us exports late on friday. they would range between 5% and 25% and affect more than 5,000 different items. they said those would come into effect if the us proceeded with tariffs on $200 billion of chinese exports. last week the us said it was looking at those tariffs being as high as 25% rather than the previously announced 10%. if they do come into effect, $360 billion of goods traded between the world's two biggest economies would face tariffs — in a dispute president trump started over what he said were china's unfair trade practices. it is getting bigger by the day, it feels! rajneesh narula is professor of international business regulation a

, which faces hefty tariffs that china is imposing on us now scrambling to take over that share. some farmers like the idea of the trade war between china and the us. take producers in brazil — pig farmers in this region of the country want to more than double their production in the next ten years, but they don't have enough consumers, so a trade war between two other countries is an opportunity to gain new markets. growing labour and land costs in china are driving up imports. in recent years, it overtookjapan, and is now the world's biggest pork meat importer. but not everyone is convinced that trade wars are good, or even easy to win. this man runs one of brazil's biggest pork exporters. he says chinese tariffs on us soy beans are forcing up global prices, including in brazil. soybeans and corn are a large part of the cost of pork meet, so brazilian pigs are more expensive and less competitive. translation: these trade wars seem at first glance to be beneficial to brazil, but on second thoughts, we export commodities but import many thi

and trade talks between the us and china. more from me in a few minutes.and living conditions, as part of a government drive to tackle drugs and violence in jails. ministers also want to raise leadership standards by sending prison governors to military—style staff colleges. our home affairs correspondent danny shaw reports. how to stop drugs getting into prisons. here is one way. hmp leeds is one of ten prisons where sniffer dogs are being brought in to reduce the amount of drugs smuggled in by prisoners, visitors, and staff. new su bsta nces prisoners, visitors, and staff. new substances such as spice have caused health problems and sparked violence in prisons, volatile places at the best of times. the atmosphere is good. but like everything and anything, things can change. the dynamics of a jail, the dynamics of a wing, can change overnight. maintaining prison buildings is important, too. the government is investing in a programme to replace windows and improved perimeter security to stop drugs being blown in by drones or the owner of the girls. grabbin

just as one employee criticized today turning into a censorship machine in china they might not because then they can already used by to the other problem is that even if google is not censoring or would be not censoring particular search terms china with its great firewall is already employing a service by cisco that prevents the forwarding of the search results so even if the results would be displayed the page you would click on would be turned out like just briefly i also read online. one comment that even a new to version of google would still work better than by do well it could be if it depends on how how extensive these censorship efforts are but for sure they are big they're big shift from search of brand new also has had experience of said you've been the google founder who has that experience with told terry newsom and that is why he opted out in two thousand and ten after four years of killing and censorship by the chinese government and google's not afraid of getting split up at some stage i mean if it continues to grow so we're ready an octopus you could say in the corporate world it has its finger

also in the programme: the top us diplomat is in asia to invest millions and try and make a dent in china'sluence in the region. we have the latest from the european markets which are looking pretty good. british airways‘ parent company is on track for growth in 2018, but has been plagued by strike diruption and rising oil prices. we'll look at how the airline industry is faring in the current climate. the british heatwave has injected $40 million into the economy because of staycations and outdoor dining. so are you spending more because of the heat? is it meals out? new summer clothes? industrial fans? just use the hashtag #bbcbizlive. hello and welcome to business live. a packed and busy programme for you. apple is now the world's most valuable publicly—listed company. shares in the iphone maker closed at a new record high of $207.39 on thursday, meaning it's beat silicon valley rivals amazon and microsoft to be the first us company worth $1 trillion. it is now worth more than exxon mobile, procter & gamble and at&t put together. apple shares have been rising since tuesday when it report

just as one employee criticized today turning into a censorship machine in china they might not because then they can already used by to be other problem is that even if google is not censoring or would be not censoring particular search terms china with its great firewall is already employing a service by cisco that prevents the forwarding of the search results so even if they results would be displayed the page you would click on would be turned out like just briefly i also read on line one comment that even a new to version of google would still work better than i do while it could be if it depends on how. how extensive these censorship efforts are but for sure they are big they're big shift from surjit brand new also has had experience of such you've been the google fodder who has had experience with solitary newsom and that is why he opted out in two thousand and ten after four years of killing and censorship by the chinese government and google's not afraid of getting split up at some stage i mean if it continues to grow so we're ready an octopus you could say in the corporate world it has its finger in eve

trade tensions among the us and china. later in the programme. and before we go, we leave you with these picture from india. the city of varanasi in uttar pradesh state, where prayers have been said for those who died in the floods in kerala. flowers were scattered in the ganges for the victims. regarded as the spiritual capital of india, the city draws hindu pilgrims who bathe in the ganges river's sacred waters and perform funeral rites. we will have an update for you. stay with us on tuesday. hello again, good morning. all the weather this week is going to be coming in from the atlantic once again. most of the rain will be across the northern half of the uk. there won't be much rain around today, though, in most places will be dry. a little bit of sunshine but we are seeing much more cloud arriving in from the atlantic. and a lot of the rain bearing cloud is up here, and eventually that will arrive into the north—west during tuesday. at south of that, very warm, quite humid air, and that means quite a lot of cloud once

china. they are falling because of concern over the trade war between the us and china. news. the snp 500, for trading days in a row of record rises. it is boosting other markets in asia. an upgrade on the second—quarter numbers the growth in the us and that is what is fuelling the us and that is what is fuelling the optimism. i will see you so on. children in england could be banned from buying high caffeine, high—sugar energy drinks. there are fears they could be damaging child rens' health and education, with the drinks linked to behavoural issues and poor classroom discipline. many also contain very high amounts of sugar, contributing to tooth decay and obesity. a 12—week consultation is set to decide whether the ban should apply to under—16s or under—18s. our correspondent, ben ando, has more. children are told these drinks will give them energy but doctors say drinking to excess could lead to headaches, sleep problems and upset tummies. teachers suggest children could become a really an disruptive in the classroom. health experts believe it is part of the reason why

we began with yet another escalation in trade tensions between the us and china. g has said it will impose tariffs on $16 billion worth of us goods, on the same day that america plans to begin new import taxes, also on $16 billion worth of chinese goods. both will take effect on 23 august, and you may remember both countries have already added tariffs to $34 billion worth of one another‘s goods. american officials are now examining a further $200 billion worth of products from china that could be slapped with duties. our business reporter in new york explains the background. these $16 billion worth of imports on either side that will be subject to tariffs come 23 august, well, we have been talking about this for sometime. the us said many weeks ago that it was planning on imposing 25% import tariffs on $500 billion worth of chinese imports. essentially the delay was was that they were trying to figure out the list of items in that $16 billion tranche that would be subject to these tariffs. so the us published that list early this week and now china has retaliated w

, possible car import ta riffs us and china, possible car import tariffs on cars going from the but they are still investing 2 billion in a factory there and saying things will get better? elon musk makes a lot of promises, which we have seen in the past, he has missed. they do miss targets increasingly. moving into china will be an important move, but when they are looking at producing half a million units a year but still only looking at producing 160,000 at the moment and they are besieged with problems. you have two as the question if they will ever achieve it. chinese market is very important, particularly manufacturing in china because of the trade tariffs that have been imposed on american produce vehicles at the moment. but in the states, subsidies are going down on electric ca i’s subsidies are going down on electric cars oui’ research subsidies are going down on electric cars our research in the uk shows 33% of consumers are concerned about buying electric cars because of the government's stall in the charging point infrastructure. if you are looking at this from an aut

china. so for investors are not too worried here. i think it is fair to say that apple is not in the line of fire right now. helena: sophie scimansky for us on wall street, thanks. donald trump has been raising the stakes in his country's trade clash with china as he eyes raising tariffs from 10% to 25% on $2 billion of chinese imports. atat the same time,e, leaders aa meeting of southeast asian nations in singapore say they could have the world's largest free-trade deal in place by the end of the year. speaking at the opening of the event, singapore's prime minister said that asian nations needed to stay relevant in a time of uncecertainty. thee plan free trade deal would include 16 c countries and b be backed by y china. beijing has appealed to washshington to return too reasn after trump's latest threat. burton's -- britain's central bank has raised its interest rate despite fears that the brexit could cause a shock and months time. the quarter increases only the second rate increase since 2008. it is a response to some strong job numbers. the bank is expected to be more cautious in coming months as eu departure talks continue. the ban

but these electric cars run on energy produced by coal imported and used by china in the huge quantityrs is produced ata electricity used by cars is produced at a burnt coal. china's coal is of poor quality and produces plenty of smoke. china imports coalfrom indonesia and australia, or adds coat to reduce smoke. china has also installed washer is. experts say china would need to overcome its dependence on coal to contain pollution. —— washeries. but that would not be easy, considering the rising demand for energy from an expanding population and economy. in that report ends this edition of asia business report. i am at sharanjit leyl asia business report. i am at shara njit leyl here asia business report. i am at sharanjit leyl here in singapore, thanks for watching. ——i am. the top stories this hour: after myanmar‘s military is accused of genocide against the rohingya, the un security council calls for accountability. new research in china and the us claims air pollution causes a significant reduction in intelligence — the longer the exposure, the worse it gets. now, for more than th

china. the enemy is us. and allowing this irresponsible business procedure to proceed with such a critical component. so my hope is we can raise the alarm here such as start to pressure congress to do some things in a responsible way to protect the american people. and i'll stop there. >> dan, to follow up, the way i first became aware of this actually was in the contacts of heifer and what some of the heparin from china was contaminated and they think rosemary talked about that a little bit. i learned that older heparin in the u.s. is coming from china. most though it is a blood thinner. i think people aren't aware that it's more of that. because cid basically from clotting so you can have ivs. when they flush or iv, that is a heparin flush. so it is an absolutely essential drug not only for folks who need it as a blood donor, but anybody who needs an intravenous drip feeds have her in. it is hard for me to understand kind of how could that happen. how could something that essential, that's basic to medical

in terms of how long they can go on, the us imports more from china than china from the us. s. there are nonmonetary measures. . . markets. there are nonmonetary measures... there is the potential for the chinese to hit the us and other ways in an escalating trade war. the tit—for—tat goes on for as long as it is sustainable? there are few things he has been consistent on, evangelical christians support, unfair trade deals, emigration. when i was travelling around, i kept hearing from people who support the donald trump —— immigration. he would finally get tough on china's and fair trade practices. that is what he is doing. when you hit one country, he is starting to realise, that can come back to bite you and it is coming back to bite american farmers. we love american farmers, hang with us, he is saying at the moment. the white house is where this comes at a cost and they... something else, more politics from the white house was a truism... of our times that we live in an age when facts are up for grabs. but it is still shocking when a senior political figure admits that he