the farnborough airshow outside london will see the latest hi—tech office rings like supersonic jets.s. good morning, asia. hello, world. it is monday, the start of the week, glad you could join us for an exciting addition of asia business report. this time around, he told cbs news, the eu is an adversarial for the this time around, he told cbs news, the eu is an adversarialfor the us when it comes to trade. in an interview before his meeting, the comment comes after his british visit where he criticised theresa may's plan for a soft brexit. visit where he criticised theresa may's plan for a soft brexitli think we have a lot of foes. think the european union is a foe, what they do to us in trade. you wouldn't think of the european union, but they are a foe. russia is a foe in certain respects. the president of the european council shot back on twitter. how quickly china's economy is growing is always of interest but the ongoing trade tussle between the mainland and the us puts china's gdp figures in a new light. on monday, the mainland economy figures will be released right before the

not giving up on its troubled super jumbo, despite keeping the double—decker away from the farnborough airshowd on financial markets, asian shares today are riding higher thanks to soothing words from the head of the us central bank about the impact of protectionism. so, the tech giant google could be handed down a record fine later today by the european union's watchdog. the eu has spent three years looking into whether the company has gained an unfair commercial advantage, and here's why. google provides the operating system for all android phones free of charge, with the condition that google chrome and its search engine are included as the default options. there are over 2 billion people using it every month. that's more than double the number of iphone users. and all of those people will be downloading other apps and can be targeted for advertising, a crucial revenue stream for google. the eu says this keeps users within the google universe — to the detriment of other providers, while google maintains that other alternatives are just a swipe away. last year, it paid a then record fine of

welcome to one of the biggest airshows on the planet. this is the farnboroughernational airshow, a chance to see the newest aircraft up close, and witness them being put through their paces. i mean, really, something that big should not be doing that. alongside the air displays, this is where the aviation industry does its business, and on the first of seven show days, orders were made for more than 300 aircraft and deals of almost $50 billion were struck. oh, my goodness. i mean, it'sjust so incredible to see what these enormous flying bits of metal can do. but interestingly, the next big thing in aviation could be quite small, and very personal. this is the blackfly, a new type of single—passenger craft. now, you may have never heard of 0pener, the company that made it, and that's because it has been operating in secret for the past nine years. the eight rotors are powered by the on—board battery, offering travel distances of about 25 miles. in the us, speeds would be restricted to 62 mph. you don't need a runway because this pav, or personal aerial vehicle,

more with aaron, live from the farnborough airshow. yep, indeed!f goods they go in the bellies of these planes every single day. we are talking about the importance ofair day. we are talking about the importance of air cargo. you're with business live from bbc news. first, we've mentioned how it is a busy time for companies telling us about their profits. uk telecoms firm talktalk have posted a trading update for the three months tojune, showing revenue climbed nearly 5%. the firm said customer attrition remained low at around 1.3%, and chief executive tristia harrison predicted talktalk will add 150,000 customers this year. well, let's get reaction from russ mould, investment director at aj bell. what do you reckon? it is easy, because i can just look what do you reckon? it is easy, because i canjust look at what do you reckon? it is easy, because i can just look at what the share price is doing and it is up 6%, so somebody likes them. the reasons are fairly clear. 80,000 new customers added, revenues up, a slowdown in the rate of decline in the a

the farnborough airshow kicks off today. it is the biggest international airshow of the year.cted today that to be so make the prime minister, who will be there will promise extra investment for the aerospace industry. something around the sum of £400 million. we have a team at the airshow and will bring you all the news as it breaks from farnborough. that is on the show and also on the website, updating all the time. your‘re watching business live. our top story... the european council president has urged america, russia and china to avert a global trade conflict. chinese leaders and european leaders are meeting today. we will bring you the news as we hear it. let's move on. so far, more than a thousand products have been caught up in the trade war between the us and china, with tech firms and manufacturers particularly affected. we will look at one company now. the new kinpo group is based in taiwan and makes tech goods. it's one of the world's biggest manufacturers of desktop 3d printers and also makes so—called smart mirrors used in retail stores. with 42,000 staff around

but there was no trace of global trade disputes at the farnborough airshow outside london the fact that aircraft components are made in many countries could mean trouble for british industry post brings it but if she was worried british prime minister to resign may didn't let on. i want to ensure that the u.k. remains one of the best places in the world the aerospace companies to do business to continue as world leaders in innovation to make the most of the huge opportunities that exist. because this is an incredibly exciting time for aerospace not only is the huge growth potential but many of the developments taking place have the potential to transform the way we fly. the u.k. will likely have to take over more control of its defenses post brags that the government announced plans to invest more than two billion euros to develop a new fighter jet. until now european countries produced the eurofighter jointly but uncertainty over britain's future could make such cooperation no longer possible. in response to u.s. moves the european union imposed higher steel tariffs this week. a new tw

farnborough. we will be live at the airshow tomorrow.nd me, one point a percent rise on the nikkei is actually friday's close fought japan. they are nikkei is actually friday's close foughtjapan. they are shut nikkei is actually friday's close fought japan. they are shut the date for a public holiday. elsewhere we have seen stocks slide in asia. growth in china, the world's second biggest economy, has slowed over the past three months to 6.7%. it's all as the government is trying to tackle debt and of course the ongoing trade war with the us. let's go to our asia business hub where rico hizon is following the story. tell us a little bit more about the growth figures out of china. tell us a little bit more about the growth figures out of chinam tell us a little bit more about the growth figures out of china. it was 6.7% slip up from 6.9% during the january— march quarter, also adding to the pressure in the economy, fixed asset investment growth for the first half was a record low of 6% compared to a year ago levels. industrial also a slow

at the farnborough airshow today, cornwall council signed an agreement with richard branson‘s virginr jet could eventually take off from newquay and climb to altitude over the ocean to release its rocket and put a satellite into orbit. the commercial space sector is growing, partly because the satellite technology is shrinking. it's now possible to fit a great deal of communications, gps and weather monitoring capability inside a relatively small box, and smaller satellites can be lifted by smaller rockets. a development that's made these new modest spaceports a possibility. so two coastal sites could boldly take the country another step into the commercial space age. victoria gill, bbc news. the christening of prince louis has been marked by the release of a set of family photographs. the four images were taken by photographer matt holyoak following the ceremony in the chapel royal at st james's palace. it's the first time the duke and duchess of cambridge and their three children have been seen together publicly as a family of five. world cup winners france are on their way home fr

joining me now from the farnborough airshow is our business correspondent theo leggett.ver because few weeks, not least from the chief executive of airbus, suggested the government had no clue or at least no consensus over how to implement without damage. last week's white paper has been broadly welcomed by people here, they have said positive things about it, it protects the trade in goods and promises seamless borders, which is what the likes of airbus and rolls—royce really want. promising to invest in the future, thatis promising to invest in the future, that is a gesture of public relations, and saying even though we're leaving the eu, the british aerospace industry is expected to prosper. along with those buns from as for innovation, there is also a commitment to a big, new defence programme. the government has set out details of its combat area strategy, a fighter to replace the euro typhoon, this represents theresa may trying to regain control a little and show the aerospace industry — what castro huge number ofjobs in this country and edge than she does care. yo

have to rely on w t o trading terms conny made those comments speaking to nor makers of the farnborough airshow where breaks it worries take center stage. aircraft makers have been flying high for almost a decade now pushed up by rising demand now they're showcasing the u.s. shyness informed. but a change in political landscape could spell turbulence ahead this. actor depends heavily on cross border trade in plane parts so a break that related disruption in the movement of goods and services would be costly. british prime minister to resign may sought to sue the industry fears that the air show she offered more than four hundred fifty million dollars in new funding for the industry and she announced plans to build a new fighter jet dot the tempus place the eurofighter that speculation brags it could upset cooperation in this field too i want to ensure that the u.k. remains one of the best places in the world for aerospace companies to do business to continue as world leaders in innovation to make the most of the huge opportunities that exist because this is an incredibly exciting time for aeros

not giving up on its troubled super jumbo, despite keeping the double—decker away from the farnborough airshows central bank about the impact of protectionism.

the farnborough airshow in the airbus shared and more than $55 billion in sales.aircraft. spurring orders past 12,000 planes. >> we think it is important that in the opening market. international business is essential for aviation. we think there will be no winner if there are trade wars around the world. as ever, we want to keep developing global business with many partners around the world. netflix was hammered an extensive trade after missing earnings and subscriber expectations and warning of potential disappointment in the third quarter. 5.1 new -- 5.1 million new users subscribed. now for a look at what is coming out. you are watching china data coming through. >> how do these top two tier cities compare? there is a little confusion here. we had home sale values come out yesterday. we saw property values rising from january to june, 13.2%. that comee on top of very us articles one suggesting the slowdown taking place in the chinese market and another saying that it is going great guns. it makes no sense. we will break down some of these numbers and get the i

jonathan beale, bbc news, at the farnborough airshow.ny, which operates several franchises, including thameslink and great northern, has promised a more reliable service than that provided by its changes in may, when it had to cancel hundreds of new trains. but it said this morning it was "too early to say" if there was disruption. tom burridge sent us this update from kings cross station in london. i think if you were writing a school report based on govia thameslink‘s performance this morning, you might say, "improving, but still some way to go". yes, there were delays, yes, there were cancellations, but by and large, most trains ran on time. there was only significant disruption between this station and cambridge. now, that's a big improvement on may, when govia thameslink and northern both implemented, or tried to implement, more ambitious timetables. then, the proper planning wasn't in place and it was nothing short of travel chaos. it matters not only because passengers, huge numbers of passengers, have been suffering for weeks, bu

our very own theo leggett spoke with airbus's chief operating officer at the farnborough airshow — ander is committed to doing that. i think from the discussions we've had with her, she understands the key issues from an airbus point of view, which is frictionless movement of components, and our ability to maintain the uk's role. sol so i think there are continuing political battles. i'm not a political battles. i'm not a political expert, i'm an engineer. but from an airbus point of view we are very encouraged but from an airbus point of view we are very encouraged and hope it continues to move in that direction, and obviously we also have to send the same message interview the intermission, so they understand the importance of finding a practical solution. looking globally, trade tensions are solution. looking globally, trade tensions a re clearly solution. looking globally, trade tensions are clearly escalating. there is the prospect of a full—blown trade war. how worrying is that for you? i think i would agree with the comments from boeing yesterday. i think a trade war is in nobod

gavin williamson was at the farnborough airshow to unveil a model of the proposed aircraft, the tempestcement for the existing typhoon fighter jet. the defence secretary said the new aircraft would provide both economic and strategic benefits. in this, the 100th year of the royal air force, this demonstrates that we can achieve anything. britain is a world leader, not only with our armed forces but with the fighting machines that we can produce. this strategy demonstrates that britain will retain its world leadership in this sector, having the greatest fighter aircraft of any nation in the world. this strategy has been published at a time when there is a great amount of uncertainty within the aerospace industry about the impact of brexit. so does he agree with the assessment of industry, the trade body ads, and members from across the house that the uk must be in a customs union in order to guarantee the industry's future success? i don't think that we should actuallyjust look to europe in terms of future partnerships. far too often we have been bound and thought that we could only look

jonathan beale, bbc news, at the farnborough airshow. off soon from our shores. in as little as three years, rockets like this will be launched from a remote stretch of land on the north coast of scotland. the a'mhoine peninsular in sutherland has been chosen by the uk space agency as the best place from which to launch rockets that will put commercial satellites into orbit. the uk space agency will contribute £2.5 million towards a development that british engineers say will be a genuine boost for the country. it will save cost for example in having to export satellites to other countries to launch them. it will make it easier logistically for launching from our own shores, say from the north coast of scotland or somewhere. and, you know, that will take cost out of the satellite programme so it may enable more spacecraft to be built and launched. and while rockets blast off vertically from scotland, another type of spaceport could be developed at the opposite end of the uk. newquay airport could host what's called a horizontal launch si

let's go back to guy johnson at the farnborough airshow. why is this show so important?ortant this is an industry really exposed to the tray story. we talk about the trade narrative. these are companies directly exposed into this. will going be excluded from china? will airbus benefit from that? this time, it's a big focus on the trade narrative and how it's going to affect this industry. we're going to talk to the ceo --bloomberg did sorely. ariba shortly. ♪ >> summit in helsinki. the form. we are live in the finnish capital with extensive coverage. we get earnings from bank of america and black box. and may's flightpath. funding for the aviation industry as it braces for brexit . we are live at the airsh

may is speaking today at the farnborough airshow in southern england.announce plans for funding for the industry. aerospace companies have pressured may to lessen the impact of the split from the eu. european council president donald tusk is calling on president trump to reform the world order rather than bring it down. warned tradeusk fights can turn into what he called "hot conflicts" after ansident trump called the eu american foe because of its stance on trade. gdp rose at anw annual rate of 6.7% for china and the second quarter, the slowest pace since 2016, trying to generate more than 1/3 of global growth. in paris, millions are expected to turn out for the world cup winning team's parade. team's second final, 20 years after the first one. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm taylor riggs. this is bloomberg. tom, francine? francine: thanks so much. half of my household was very excited about the france win. up above the logo where it says ffs

theresa may will promise more than £340 million to the aerospace industry when she opens the farnborough airshow the money will support projects such as the development of environmentally friendly aircraft. last month, airbus threatened to reduce its presence in the uk because of brexit disruption. a remote stretch of the north coast of scotland may become the uk's first spaceport. the a'mhoine peninsula in sutherland has been chosen as the most suitable place in the uk from which to launch satellites into orbit. the uk space agency is providing two point five million pounds towards the development of the facility. the russian protest performance group pussy riot have claimed responsibility for a pitch invasion in the second half of yesterday's world cup final. two women and a man dressed in police—style uniforms managed to get on the pitch before being dragged off by security staff. the group said the protest was meant to draw attention to what it said were human rights abuses in russia. kensington palace has released a set of photographs to mark the christening of prince louis. they were taken

this is the farnborough international airshow, a chance to see the newest aircraft up close, and witnessshould not be doing that. alongside the air displays, this is where the aviation industry does its business, and on the first of seven show days, orders were made for more than 300 aircraft and deals of almost $50 billion were struck. oh, my goodness. i mean, it'sjust so incredible to see what these enormous flying bits of metal can do. but interestingly, the next big thing in aviation could be quite small, and very personal. this is the blackfly, a new type of single—passenger craft. now, you may have never heard of opener, the company that made it, and that's because it has been operating in secret for the past nine years. the eight rotors are powered by the on—board battery, offering travel distances of about 25 miles. in the us, speeds would be restricted to 62 mph. you don't need a runway because this pav, or personal aerial vehicle, can take off and land vertically. in fact, it doesn't even have wheels, and that is partly due to its amphibious ambitions. it can land on water if n

welcome to one of the biggest airshows on the planet. this is the farnborough mean, really, something that big should not be doing that. alongside the air displays, this is where the aviation industry does its business, and on the first of seven show days, orders were made for more than 300 aircraft and deals of almost $50 billion were struck. oh, my goodness! i mean, it'sjust so incredible to see what these enormous flying bits of metal can do. but interestingly, the next big thing in aviation could be quite small and very personal. this is the blackfly, a new type of single—passenger craft. now, you may have never heard of opener, the company that made it, and that's because it has been operating in secret for the past nine years. the eight rotors are powered by the onboard battery, offering travel distances of about 25 miles. in the us, speeds would be restricted to 62 mph. you don't need a runway because this pav, or personal aerial vehicle, can take off and land vertically. in fact, it doesn't even have wheels. and that is partly due to its amphibious ambi

warren east is the boss of rolls royce — and has been speaking to the bbc at the farnborough airshowdiscussion that has been happening over quite a long time. obviously it only happens once every two years so it is a great opportunity for the government to make the announcements but it's a reflection of what has been going on. it's great to see the understanding of the needs to continue to invest any sort of technology that has been required for industry and to keep the expertise in britain. now to some extraordinary pictures from thorncomb beacon in dorset in the south of england. a paraglider pilot has been rescued after crashing into a cliff. 80 metres up the cliff on sunday afternoon. he was fine. back in a few minutes. good evening. today has been a day of co ntra ct good evening. today has been a day of contract but for many of us, and other hot on tuesday. a cold front living through, bringing showery outbreaks of rain but more importantly bringing something a bit fresher for importantly bringing something a bit fresherfor a importantly bringing something a bit fresher for a c

the automakers just unveiled its a flying taxi concept at britain's farnborough international airshow. the electric- hybrid is a vertical take-off and landing concept vehicle.. capable of carrying up to five passengers. rolls-royce seeking pa >>> it is it a bird or a plane? no, it is a rolls-royce. the automaker unveiled its flying taxi concept and britain's farnborough international air show. the electric hybrid is a vertical takeoff, and lending roycsa it is seeking le ve pass partners to help make the vehicle available by the early 2020s. >>> cbs evening news is up next. >> jeff glor here with a preview. >> tonight on the cbs evening news reactions from home and abroad following today's remarkable one-on-one between president trump and vladimir putin. and what followed. our team remains in helsinki. what the president says about the trump doctrine. that's tonight on the cbs evening news. >> thanks for watching a 5. >> head at 6:00 the rush to leave the bay area. one moving company says they cannot keep up. allen and i are back in 30 minutes. ♪ ♪ captioning sponsored by cbs >> glor:

but things so far at the farnborough airshow are looking pretty rosy, victoria. thank you, aaron.ers and chefs by day... by night, delhi‘s drag queens are challenging one of india‘s strongest social taboos. but this is a liberal middle—class oasis in a country that criminalises homosexuality. the whole idea is to be fearless, is to accept yourself. the more people come out with their own orientation and people who are comfortable in their own skin, the better it is for the whole community. on the city streets, being openly gay is still a risk. returning from a wedding late one night, this man, who asked not to be named, said he became a target. translation: a police officer stopped me, took my phone and noted down all my family contacts. he later asked for a bribe of 10,000 rupees, or else he would tell my family that i‘m gay. the law has become a tool for them to extort money. the bbc has spoken to three more gay men, who claimed they too were harassed, extorted or sexually abused by police officers who exploited india‘s ban on homosexuality. and it‘s many harrowing stories like

and, at 3:30pm, the click team heads to farnborough international airshow in search of the future ofgood afternoon. the multi—billion—pound project to install smart energy meters has been heavily criticised by a group of mps. they've warned it's likely to save customers just £11 per year. the report says the programme risks falling behind schedule and ending up heavily over—budget. our business correspondent, joe lynam, reports. malcolm got a smart meter. so every year, he could save enough energy... it's the biggest infrastructure projects you've probably never probably heard of. costing £11 billion, the mass roll—out of smart meters into 30 million homes throughout the uk is designed to cut our bills and make our lives easier, but things aren't going to plan. the mobile phone mast isjust there, it's touching distance. warren lives in london, and he's having problems with his smart meter connection. this so—called smart meter wasn't so smart after all. i'm finding my bill still comes through as estimated, where i have to keep updating them, manually phoning them just to give them an

and at 12:30, the click team heads to farnborough international airshow in search of the future of aviationernoon. police are appealing for information after a three—year—old boy was seriously injured in a suspected acid attack at a retail park yesterday. officers believe he was deliberately targeted in the attack in worcester on saturday and have released images of three men they would like to speak to. a 39—year—old man from wolverhampton has been arrested on suspicion of conspiracy to commit grievous bodily harm and remains in police custody. let's talk to our reporter olivia crellin, who has been following this story. what happened 7 what happened? what happened happened really in a rather shocking manner in it was to 15 pm on saturday in a busy retail park in the centre of worcester —— to 15 pm. it isa the centre of worcester —— to 15 pm. it is a busy location. and what we know right now, the young boy is being treated for serious burns to his arm and face, other than that we do not have much more information. at what stage is the police investigation? we were talking about an arrest a

and at 12:30, the click team heads to farnborough international airshow in search of the future of aviation

and at 12:30, the click team heads to farnborough international airshow in search of the future of aviationury have stepped up their search of a park in the centre of the city where two victims of the novichok poisoning may have picked up a contaminated bottle. it comes after charlie rowley, who was exposed to the substance two weeks ago, was discharged from hospital yesterday. investigators are concentrating on a river bank near one of the spots mr rowley and his partner dawn sturgess visited the day before they collapsed at his house, where police found a bottle containing the deadly nerve agent. simonjones is in salisbury. it looks like a kind of uptake in the pace of the investigation. what has prompted it? it certainly seems to be being stepped up. the met police i have just to be being stepped up. the met police i havejust spoken to be being stepped up. the met police i have just spoken to would not comment on why exactly the search is intensifying in this park, they don't want to give a running commentary but what we do know is they have been able to speak extensively with charlie ro

ramy: boeing fell in new york despite beating rival airbus and farnborough airshow.ue upside bene $9 billion -- have a book value of $79 billion. airbus failed to land an expected order for a 321 the carrier said the 100 plane deal needs more work. up next, driven up the wall, the other industry fights back against terrorists saying they put american jobs at risk. this is bloomberg. ♪ this isn't just any moving day. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. in singapore. at negativity coming through for the asian trading section after the work week. the wall street -- i am ramy inocencio in new york, you are watching "bloomberg daybreak: asia." let's

boeing keep racking up sales of the farnborough airshow outside london.n unidentified customer has signed a memo of understanding to buy 100 jets. no word on the value of the deal. earlier boeing announced a big cargo plane deal. that is your bloomberg business flash. j&j shares of after a second-quarter was pretty solid. the company gave full-year guidance below media analyst estimates. it had a tenuous forecast for drug sale revenue due to a stronger dollar. joining me from the company's headquarters in new jersey is joseph wolf. wolk.o see you -- joseph good to see you. a trade war effect, and have that affect other parts of your business going forward. guest: pleasure to be here this morning. it is not really attributed to the trade war at all. just say it is the macro impact that we manage our business based on operational sales performance, as you've probably noticed. we took our performance up because of the strength we are seeing, not just in pharmaceuticals, but improvement in medical devices. our overall prospect for the business going forward a

the uk's largest airshow starts in farnborough today.o a new space port in the scottish highlands. breakfast‘s john maguire is there for us this morning. good morning to everybody at home, it's an incredible show, farnborough, one of the biggest in the world takes place alternating with the paris airshow. as you say, it's got two roles. it becomes a traditional airshow and aircraft lets the public end. but from monday to friday, very much a trade show. if you are involved in business, whatever you are involved in, whether it's pa pal or whatever you are involved in, whether it's papal or pencils will pasta, you would have gone to a trade show. all different types of aircraft, increasingly, manned aircraft, increasingly, manned aircraft, helicopters and space. we have these announcements today about the future of the uk space industry, a very significant step, looking at the announcement of funding for the uk space write—up on the north coast of scotla nd uk space write—up on the north coast of scotland and also those are the horizontal s

farnborough air show. welcome to one of the biggest airshows on the planet. not be doing that. alongside the air displays, this is where the aviation industry does its business, and on the first of seven show days, orders were made for more than 300 aircraft and deals of almost $50 billion were struck. oh, my goodness! i mean, it'sjust so incredible to see what these enormous flying bits of metal can do. but interestingly, the next big thing in aviation could be quite small and very personal. this is the blackfly, a new type of single—passenger craft. now, you may have never heard of opener, the company that made it, and that's because it has been operating in secret for the past nine years. the eight rotors are powered by the onboard battery, offering travel distances of about 25 miles. in the us, speeds would be restricted to 62 mph. you don't need a runway because this pav, or personal aerial vehicle, can take off and land vertically. in fact, it doesn't even have wheels. and that is partly due to its amphibious ambitions. it can land on water if necessary

also in business briefing, we're at the biggest airshow in the world in farnborough, where the boss of

also in business briefing, we're at the biggest airshow in the world in farnborough, where the boss ofar airways has been talking to us about the impact of the year long blockade. a warm welcome to the programme, briefing you on all you need to know in global news, business and sport. we'd like you to be a part of the conversation. today we're asking whether you a netflix fan, or have you tried the streaming service and moved on? if so, why? tell us what you think, just use the hashtag bbc—the—briefing. the russian president, vladimir putin, says it is "utterly ridiculous" that some people think his country could have influenced the us presidential election in 2016. in an interview after monday's helsinki summit, mr putin argued that his country didn't have the resources to track mr trump when he was running for president. meanwhile, president trump has caused anger after suggesting that russia had no reason to meddle in the 2016 election that brought him to power. david willis has sent this report from washington. arriving home to a blizzard of condemnation, the president who pledged