the company to workers so they could continue production. 0ur south america business reporter daniel gallas joins me now. daniel, tell us more. well, it's been happening to a number of companies in venezuela. production in venezuela is too expensive because of that currency is controlled by the government. because they can't really import things very cheaply and can't sell it very expensive to the consumers, can't pass on the prizes. so they have to leave it. what happens is a makes a particularly more dramatic, this is a food company in venezuela and are actually running out of food right now. also, it's happening just a few days before general elections,

daniel gallas, bbc news, sao paulo.ry wilbur ross will visit china early next month for more trade talks, according to the chinese official news agency xinhua. the trade row between the us and china got more complicated still this week when president trump announced an investigation that could lead to hefty taxes on imported cars. let's go to our asia business hub, where rico hizon is following the story. hello, good to see % bring us the the abuse i the saying the abuse of the so—called national security clause will seriously destroy the multilateral trade system and disrupt the normal international trade order. but they've said they will be keeping a close eye on this ongoing us investigation. in the us, business groups and members of trump's own republican party are warning of damage in the industry and raising the prospect of a global trade war that would harm american interests. you also have governments, lawmakers, auto companies and industry groups from asia to europe, canada and the us, pushing back hard, samant

daniel gallas, bbc news, sao paulo.oast in west africa are targeting british men in cases of so—called sextortion. the criminals trick their victims into filming sexual activity online and then blackmail them. angus crawford reports. how scared were you at the time? oh...frozen. meet adrian — once a victim of sextortion, now warning others about the risk. it's very, very suspicious. we set up a fake facebook profile. out of the blue, we get a friend request. i'm asking, "where are you from?" she is very pretty, flirty — in her own words, naughty. the scam develops in minutes, live in front of our eyes. so you are probably moments away from being scammed. yeah, literally minutes away. the trap set, she's keen to move from facebook to skype. now suggesting video calling, and she's said, "i'm going to show you naked and you also." but she's not real — just a pornographic video operated by a scammer, waiting to film and record us, their next victim. of course, we can't show you what would happen next. it might start with a

daniel gallas, bbc news, sao paulo.ughes, chief market analyst at axitrader. good to see you, james. so, to what extent a re good to see you, james. so, to what extent are you digest in what was said over the weekend by the likes of steve mnuchin and others? well, it is very much what we planned for this week on friday goes completely out of the window from what we saw over the weekend. for now? for now anyway. and as you have already said, especially from steve mnuchin and the us situation, there has not really been any detail, just this headline. but as we know it is headlines which move the markets. the detail, the markets don't really react to! it's going to be a busy morning this morning, we have already seen big moves in the ftse and european stocks and we will be looking towards the us this afternoon, but there is no detail in all of this. but we have seen donald trump bring china to the table and have these discussions, which i suppose is what he planned for in the first place. and with the meeting with kim jong

daniel gallas there. lizzie has all the sport.but they are the definite underdogs against the record—breaking real madrid side, going for their third successive european cup, but liverpool‘s managerjurgen klopp admits no one expected them to get this far. you see real madrid playing in different games against our players, teams, and you think wow, they are really strong. but they never play us. that is another part of the trip. and we are liverpool, and not only a really good football team, we evolved as well and this club expect that they can really go for the big things. nobody expected us to be here, but we are here. because we are liverpool. despite a few logistical issues and there are plenty of liverpool fans already in the city and 20 of build—up including a legends game and the fans on. we caught up with a player for both clubs who core and one of the madrid‘s champions league final victories. i think offensively they have to be strong. we know they can score goals. but we know that they have conceded some. certainly in th

our south american business reporter daniel gallas says problems facing emerging markets may take centrereign ministers from g20 countries are meeting today in argentina at a time of great distrust for emerging markets. post has just ramped up its interest rates to 40% is asking for a multi— billion—dollar loan from the imf, but other emerging markets are suffering too. the currency has lost a lot of its value over the last year, a lot of it due to changes in interest rates in the united states. that is exactly the topic that many emerging markets will be complaining about to their peers. now, the italian government could be about to end 11 weeks of deadlock following its general election in march. the country's two anti—establishment parties, the five star movement and the league occupy the most seats in parliament and they've put forward a joint plan for economic reform. the potential coalition has proposed an ambitious programme of spending, including a basic income worth over $900 per month for the poorest families. earlier drafts of the economic plans suggested that the government c

our south america business correspondent, daniel gallas, has been following the story. send all sorts of signals to the markets that it were let its national currency depreciate. but that has not been working on of the governor disley in this to a new level. the imf to secure more money. some say around $30 billion are secure more money. some say around $30 billion are needed to protect the currency and also pay off their debt. that has a huge political cost of the president temer because many argentinians do not trust the international —— international monetary fund. this is notjust about securing trust and money, but also about the public at home but the plan will work out in the end. the southern indian state of karnataka is set to hold elections next week. four other indian states will also be holding polls this year before the national elections in 2019. but the recent cambridge analytica controversy has sparked a debate regarding the use of data analytics in elections and whether this could have a negative impact on indian democracy. the bbc‘s sameer hashmi travel

daniel gallas reports from buenos aires. 0n the surface, everything looks calm in argentina, for a countryns of dollars from the imf, you do not see people panicking, going to the banks or even mass protests so far but that is just even mass protests so far but that isjust on the even mass protests so far but that is just on the surface. if you stopped to talk to people here, you see that the memories of the imf are still very painful translation: the last crisis, it killed my father. he got so ill from economic problems, it eventually killed him. this is very sad for argentinians. i could not eye medications for my kids. in 2001, the crisis forced my brothers and their kids to move to the us. in argentina, this has become a cycle. what we want is to prevent this happening again. the imf is not welcome here but argentines need its help. at this liquor store, where many drinks are imported, tags are handwritten because prices are a lwa ys handwritten because prices are always moving. the national currency is sliding in imports are now about 30% more expensive because of devaluation, and on

daniel gallas, bbc news, buenos aires.ave lost their lives because of israel's response. israelis say they were acting in self defence but they have been heavily criticised. amnesty international saying: the un human rights spokesman: however the white house in the last hour has come out and said any palestinian deaths that were witnessed today are the responsibility of hamas, the lead palestinian group within gaza. keep updating you as reactions coming. i want to update you on a number of stories from across the world that have been making headlines, occasionally not for the right reasons. firstly in india where the satellite picture gives you some sense of the extent of the thunderstorms that have affected many thunderstorms that have affected ma ny states thunderstorms that have affected many states over the last few days and weeks and caused a number of issues. maybe you've heard stories about dust storms affecting some states, particularly the north—west. elsewhere, tens of fidelity ‘s because of strikes from lightnin

from there, our correspondent daniel gallas reports.e that has gone far beyond the transport sector — it has threatened to bring the entire economy to a standstill. for five days now, lorry drivers have blocked roads in brazil, protesting against rising fuel prices. the strike is causing food shortages very quickly, sao paolo has declared a state of emergency, and in big cities, most petrol stations are out of fuel. on thursday, officials accepted the demands made by drivers, including subsidies to bring down the price of diesel, but that was not enough. translation: we are independent truck drivers and those who spoke yesterday have said silly things. the trade unions have made bad propositions. they made up rules for them, they are not ours. translation: we have been devalued by the government. they said brazil would not stop if the lorries stopped — we have proved that is not the case. on friday, as the strikers were still protesting, president michel temer changed his tone. translation: we are going to commence a security plan to ov

the peso and the nation's ability to pay its debts. 0ur south america business correspondent— daniel gallase story. argentina has been sending signals to the market it won't let its national currency depreciate but it has been working. the government has taken this to a new level and going to the imf to secure more money. some say around $30 billion are needed to protect the currency and pay off argentina's debt. that has a huge political cost because many argentinians simply don't touch the international monetary fund. they still blame the imf for many of the recession that happened in the past. so this meeting is not only about securing trust and money from investors abroad, it is about convincing the public at home that this plan will work out in the end. the head offices of south korean conglomerate lg group have been raided by prosecutors in an investigation over alleged tax evasion. the probe is the latest of a string of troubles faced by the country's biggest conglomerates, known as the chaebols. katie silva has more, what are they looking for? it is the behaviour of the family that

the company to workers so they could continue production. 0ur south america business reporter daniel gallass been happening to a number of companies in venezuela. production in venezuela is too expensive because of that currency is controlled by the government. because they can't really import things very cheaply and can't sell it very expensive to the consumers, can't pass on the prizes. so they have to leave it. what happens is a makes a particularly more dramatic, this is a food company in venezuela and are actually running out of food right now. also, it's happening just a few days before general elections, which will see probably the president reelected. he says he is giving kellogg's a company to the workers, and that the workers, a socialist country in his words, when irun socialist country in his words, when i run the company. thank you very much for the update. a seniorfigure at the bank of england, ben broadbent has had to apologise after comparing the swings in the economy to the menopause. he used the phrase to describe economies that were, in his words, past their peak, and no

daniel gallas is following developments, he's in sao paulo for us.ment made a huge offer to truck drivers pretty much granting everything they wanted, but, still, the strike isn't over. union leaders are saying that the strikes are actually... the demands are being mad but a lot of the drivers themselves out there are not responding to the strikes —— demands are being met. to their union leaders. we are not clear whether the strike is over. just how disruptive is this strike and does it look like this might go on much longer? will things normalise any time soon? it will take quite some time soon? it will take quite some time to normalise, even if the strike is over by today. because a lot of the goods that are needed in cities like fuel, basic food, everything is still stuck on the roads with lorries. it would take a few days to get them to the big cities, the destructions are very big at the moment. but there is the question about, has the government really controlled the strikes? are people really going to stop with these strikes? that question isn

think the line to sao paulo has frozen to daniel gallas. frozen to daniel gallas. ? i think he was thinking might be... he can hear us. thank you very much. much. prices and does it have a chance of working? working? things in the past to try to contain the price of fuel. the price of fuel. that and it went to a free—market policy. policy. options and maybe try to bring in more. more. company basically dominates the whole market. whole market. silence means we have got to give up on zte there in sao paulo. on zte there in sao paulo. give up on the daniel gallas in sao paulo. let's turn to the us. starbucks has closed around 8000 shops across the country today. .. for what it calls "unconscious bias" training. here's why. take a look at this video. standing in my store and refusing to leave. philadelphia last month. associate to turn up for a meeting before they ordered something. here's the founder of starbucks. in every community in america to start a conversation. incidents like this are increasingly being documented on social media. calling the police on black pe