let's go to our asia business hub where shara njit leyl is following the story. leyl, looking sharanjit leyl, looking at the numbers, what has jumped at it you? what is extraordinary is that this is really the first time chinese trade numbers will reflect the impact of the tariffs imposed at the start ofjuly. editors had minimal oi’ start ofjuly. editors had minimal or no impact. chinese exports grew unexpectedly in july. or no impact. chinese exports grew unexpectedly injuly. they or no impact. chinese exports grew unexpectedly in july. they were or no impact. chinese exports grew unexpectedly injuly. they were up 496 unexpectedly injuly. they were up 4% on the year earlier, beating the forecast. —— and it had. the chinese currency is weaker, having marked its worth per month period on record. that will have taken the pain out of the paris on the expo was the united states. with the currencies always pushed and sports, but there was a slight impact of the ta riffs but there was a slight impact of the tariffs that might have been felt on the japanese surplus with

let's go to our asia business hub where shara njit leyl is following the story.hey really want to work together, talk through what they have for each other. that is right, they both have a lot to gain from this deal. it is a lot to gain from this deal. it is a chance to play catch up with rivals. they both seem to be lagging behind in developing self driving ca i’s behind in developing self driving cars compared with other firms, and a chance to show the r&d costs, you will recall uber lost millions of dollars in the last quarter as it tries to expand and sink money into research and development. more than

sharanjit leyl shara njit leyl is sharanjit leyl is in singapore for us.eyl is in singapore for us. just chewing over these numbers? that is right. ijust got those numbersjust that is right. ijust got those numbers just if you minutes ago. it shows that are returning to growth mode after years of restructuring. you mentioned some of the restructuring. 0n you mentioned some of the restructuring. on our website, they said revenue and global business was 496 said revenue and global business was 4% higher and about $27 billion. they say that was mainly driven by what they attribute to a higher deposit margin and balanced growth, mainly in hong kong, as well as what they say is the favourable effects of currency translation. as you mentioned, as well, injune, we saw hsbc‘s new ceo, john flint, who said that they will spend 15— $17 billion in areas including growth in technology between this year and 2020. they also plan to invest in china, which, ironically, as europe's biggest bank, but of course this is returning to their roots, because they are the hong kong

i am at shara njit leyl here asia business report. ingapore, 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 three weeks this summer, flames devoured moorland across parts of north—west england at the height of the summer heatwave. some 6000 acres were affected. our correspondent danny savage has returned to the scene to find out how local farmers have coped since, and to see what effect it all had on the wildlife there. the desperate days of high summer on the roof of england. several square miles of pennine moorland burned for days. it was difficult to contain and left a thick wall of smoke hanging over vast areas of greater manchester. in the thick of it, farmers took dangerous risks to rescue their livestock. dodging the flames to find their a

i am shara njit leyl. we to asia business report. i am sharanjit leyl.gan with yet another escalation in trade tensions between the us and china. beijing 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 tar

let's go to our asia business hub where shara njit leyl is following the story.t to work together, talk through what they have for each other. that is right, they both have a lot to gain from this deal. it is a lot to gain from this deal. it is a chance to play catch up with rivals. they both seem to be lagging behind in developing self driving ca i’s behind in developing self driving cars compared with other firms, and a chance to show the r&d costs, you will recall uber lost millions of dollars in the last quarter as it tries to expand and sink money into research and development. more than $1 million a day according to some reports has been on self driving technology. uber needs this. they had to scale back self driving trials after fatal crash in arizona in march when a self driving uber suv killed a pedestrian. shares in toyota spike on news of the deal with many thinking personal car ownership will drop when the self riding future is fully up on us with big companies buying up fleets of vehicles, toyota, then they have the biggest ever customer. thanks a lo

let's go to our asia business hub where shara njit leyl is following the story.u and i were talking about the rumours this time yesterday. the rb trump administration is saying and is poised to take further action. -- the trumpet ministration. that is right. this could further escalate tensions between the us and china, which as we know are already made in a trade war, both sides have already imposed tariffs on that $34 billion worth of goods. the us injuly published $200 billion worth of additional products to be taxed as early as september. that list names more than 6000 items, things like chemicals, textiles, consumer goods, ranging from baseball gloves to frozen fish fillets. essentially they are accusing china of intellectual copyright theft and they want to bring down that lofty trade deficit with china, which is the world's second largest economy after the us. but it is seen as part ofa after the us. but it is seen as part of a broader tug—of—war between the two powerhouses for influence on the world stage. 0n two powerhouses for influence on the world sta

let's go to our asia business hub where shara njit leyl is following the story.ctive? that is right. as you said those shares were rising, up by 12% following that report that they had rejected the buyout which would have been amongst the largest deals this year. the operator of kfc, pizza hut, taco bell restaurants in china turned down this deal from a consortium of investors that valued the country —— company at a 30% premium over their closing price on monday. this consortium is led by a hong kong—based investment firm backed by private equity firms like kki backed by private equity firms like kk i and backed by private equity firms like kkianda backed by private equity firms like kk i and a sovereign wealth fund. interestingly, the former chairman and ceo of yum china is among those involved in the takeover. it is not exactly clear why yum china rejected the offer. the firm, we know, has over 8000 outlets of kfc, pizza hut and taco bell restaurants in 1200 cities across china and the shares have been falling this year. down about 10% so far have been falling

let's go to our asia business hub where shara njit leyl is following the story. good to see you. good to see you. the trade war is back in the headlines, despite mike pompeo wanting this to be a very positive trip to asia. that's right, sally. that 113 million that you mentioned, critics are saying that amount is really a drop in the ocean compared to the billions that china is spending in the region with its one belt, one road initiative. it points in the right direction, though, showing that america's commitment is to the region, even if the figure doesn't amount to much. it is also one step towards quelling the spheres around china us trade tensions. you have just the spheres around china us trade tensions. you havejust mentioned 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, al