the world trade organisation will soon make a final decision on damages caused by illegal aircraft aidwith the us ready to retaliate with import taxes on $25 billion worth of goods. here's michelle fleury from new york. parmesan, pecorino, provolone and burrata — just some of the cheeses at di palo's fine foods, which has been selling imported italian fair on a street corner, in manhattan's little italy, since 1925. we go back 100 years representing not only the italian immigrant but also the food culture of italy. but lou di palo, who runs the store with his brother and sister, worries that all these products may be about to become seriously expensive. if these tariffs go into effect then i have to raise my prices 50%—75%. my sales will go down and the first thing that is going to happen i am going to have to start to eliminate some employees, people that have worked for me for 30 years plus. the majority of products in this shop would be affected. how did we get here? well, you might be surprised to learn, this is everything to do with a 14—year—old dispute between brussels and washi

in other news: the world trade organisation is set to rule on aus trade organisation is set to rule onon billions of dollars of european goods potentially sparking a new trade war. arbitrators are scheduled to meet at 10am local time in geneva to meet at 10am local time in geneva to finalise the 15—year—old case brought by washington. the us is seeking compensation for what it says are illegal subsidies to the plane maker airbus. and looking at the few things we were watching this week because later this morning we are expecting those chinese manufacturing numbers likely to show a continuing slowdown. on tuesday, consumption taxes in japan a continuing slowdown. on tuesday, consumption taxes injapan go up from 8% to 10% and also on tuesday the reserve bank of australia will make its latest policy decision and finally rounding off the week on friday, interest rates focuses to india with the reserve bank of india. let's take a look at what impact that will have on the markets. the nikkei has already open and it is down as investors await nervously those numbers from china. this is bbc ne

standing firm after south korea filed a complaint against its trade restrictions at the world trade organisationss critical to south korean technology companies. and in the national geographic — an amateur astronomer in the ukraine has discovered a comet that could have come from outside our solar system. it could give scientists an exciting glimpse into how objects are formed around distant stars. now, nuala, what's trending online? the most watched video on bbc news online is a report on the australia bushfires, which are becoming more intense. it's only the start of the fire season, but more than 140 bushfires are already raging across queensland and new south wales. experts say they expect the fires this season to be hotter and stronger — and there's a reason behind the trend. this is crazy... this is my house on the corner. and a massive fire. what we're seeing now is fires starting in august, september, which is still effectively winter here, they are hotter and more intense and more fast moving and burning into areas that we wouldn't expect to see fires, like the edges of rainforests as we

the trump administration is waiting for the world trade organisation to give its final decision on thee quickly to impose import taxes on $25 billion worth of goods. the bbc‘s north america business correspondent michelle fleury has more from new york. parmesan, provolone, just some of the cheeses at this food shop, that has been in operation since 1925. we go back 100 years representing not only the italian immigrants, but also the food culture of italy. but the man who runs the store worries that all of these products may be about to become seriously expensive. if these tariffs go into effect, then i have to raise my prices between 50—70%. my sales will go down and the first thing that is going to happen, i'm going to have to start to eliminate some employees, people that have worked for me for over 30 years. the majority of products in the shop would be affected. how did we get here? this is everything to do with the 14—year—old dispute between brussels and washington. over aeroplanes. long before donald trump is not protectionist trade policies the us complain that subsidies given

bbc that prices of its british—made cars would have to go up if tariffs in accordance with world trade organisationhave to fall. the chinese online retail giant alibaba is losing its co—founder and chairman. jack ma — who has been described as china's stevejobs — says he's leaving after 20 years at the helm to focus on education and philanthropy. he's being replaced by alibaba's chief executive daniel zhang. following a blackout that affected over a million people last month, the national grid has urged a review of the amount of emergency back—up power that should be held in reserve. the company, which holds the responsibility for keeping the lights on said that there should be an inquiry to "determine whether it would be appropriate to provide for higher levels of resilience in the electricity system." the amount held in reserve proved insufficient to protect the system against the unexpected loss of power at both an offshore wind farm and a gas—fired power station. tim green is professor of electrical power engineering at imperial college. good afternoon to you. this is just over a month good aft

company bmw has told the bbc that prices of its british made cars would have to go up if world trade organisatione retail giant alibaba is leaving the company. jack ma helped to create one of the world's biggest internet firms and became one of china's most celebrated businessman. he says he's leaving to focus on education and philanthropy. yesterday it was tech giants, now e—cigarettes are coming under scrutiny from regulators? do you know what duelling means? it isa do you know what duelling means? it is a term that parents up and down the country will have become familiar with because thousands of them receive letters from school saying watch out from this thing, it can fit into it clenched palm and looks like something you can plug into an usb drive and comes in various fruit flavours. it is a e—cigarette, it can be sold to younger people. we do not know the health impact which is why it is a concern. we have been sent letters from schools up and down the countries but in the us we have seen the regulators sending a warning to juul labs saying they are violating us laws by promoting its produ

the world trade organisation acting as mediator, upheld the complaint, clearing the way for the americanrisk being collateral damage. so it is an airbus boeing situation, it is an aeronautics industry concern. please leave food out of it. we are just not in relative size big enough to be getting involved in that. lou told me he would stock more american cheeses if he had to but that he would always sell italian cheese, no matter the cost. who should be the one to be hurt? it certainly shouldn't be families like mine. so there you have more evidence that us consumers are paying for these tariffs. we have had various people on programme recently who see it is a pto to duty to inflated prices but those in the opposite who see what is the end game over the street fight with china? how does the consumer confidence in the us economy hold up under that sort of pressure? this has been the interesting thing, so far it has been american businesses who support the fundamental grievance with china but are growing concerned, seeing it hit the bottom line, so far the consumer has been spared but that

wto, the world trade organisation. we are on the verge...lked into the chamber, a letter from mr lee was deliverred to the prime minister — accusing him of "aggressively pursuing a damaging brexit in unprincipled ways". with that defection, the prime minister's lost his working majority of one. now with the dup the government comes in at 319. the opposition is at 20. some opposition mps were quick to react. labour mp wes streeting. .. this is the leader of the opposition, jeremy corbyn. this bill does not close other options to resolve the brexit impasse. this bill is about preventing a damaging no—deal which this government has no mandate for and for which there is very little public support. the bill is designed purely to provide vital breathing space, to find an alternate way through the brexit mess this and the previous government have created. today, mr speaker, is another historic day in parliament. it's our chance to seize this last opportunity, to stand up to a bullying government that has shown itself ready to dodge scrutiny and sil

in terms of trade — the uk and eu would immediately revert to trading by world trade organisation regulations. last week the bank of england boss mark carney told mps that in a worst case no deal scenario, the uk will see a "5.5% decline in gdp". today accountancy giant kpmg forecast that no deal could trigger "the uk's first recession for a decade". some brexiteers argue that the warnings are wrong. others argue that no deal isn't desirable, but that it is a necessary option in order to negotiate with the eu. for example, this is the chancellor sajid javid at the weeked. i will tell you what has been making the most difference to concentrate their minds is a preparation for no deal. we don't want no deal but if we have to we will leave on october the 31st with no deal. but it is that very issue, the fact that we are willing to do that that is focusing minds. there is though a concern among conservative rebels and opposition mps that no deal has moved from a bargaining chip to a policy. here's amber rudd — speaking after she resigned from cabinet at the weekend. there is this huge machine pre

company bmw has told the bbc that prices of its british—made cars would have to go up if world trade organisationte one of the world's biggest internet firms and became one of china's most celebrated businessman. he says he's leaving to focus on education and philanthropy. hello there. first today, to the jobs market and things are looking pretty healthy. the latest data from the office for national statistics show‘s that for those of us in work, the issue of the so—called income squeeze is continuing to fade into memory. we're talking about the difference between how much our wages are growing as compared with rising prices in the shops. for 2017 and most of 2018, inflation was rising faster than wages, but towards the end of last year that flipped and has been moving in a good direction. the latest figure for the months from may tojuly shows wages — excluding bonuses — rising at 3.8% and inflation at 2%. the figure for how many of us are in work — 76.1% — continues at the record high set last month and that has helped the unemployment rate — which measures how many of us want a job but haven't

the world trade organisation needs drastic change.l interests. but as far as america is concerned, those days are over. to confront these unfair practices, i placed massive tariffs on more than $500 billion of chinese made goods. already, as a result of these tariffs, supply chains are relocating back to america and to other nations, and billions of dollars are being paid to our treasury. the american people are absolutely committed to restoring balance to our relationship with china. hopefully we can reach an agreement that would be beneficial for both countries but, as i have made very clear, i will not accept a bad deal for the american people. as we endeavour to stabilise our relationship, we are also carefully monitoring the situation in hong kong. the world fully expects that the chinese government will honour its binding treaty made with the british and registered with the united nations in which china commits to protect hong kong's freedom, legal system and democratic ways of life. how china chooses to handle the situation wil

world news. the latest headlines: britain's oldest travel company, the partly—chinese—owned firm, thomas cook, has ceased trading. officials are now organisingriation for tens of thousands of tourists. let's stay on that story, and our reporter simonjones has been following the story. he gave me this update. thomas cook, one of the biggest and best—known firms that has been trading for 178 years, last year dealt with around 19 million customers and the news came in the early hours and it was from the civil aviation authority here in the uk, and it was fairly brutal and to the point. it basically said thomas cook had ceased trading with immediate effect and that means all flights of thomas cook and all future holidays are cancelled with immediate effect. that has left hundreds of thousands of people stranded abroad, 150,000 uk holidaymakers and lots of other people from countries across europe and around the world, particularly a lot of german holidaymakers and people from scandinavian countries as well, 600 thousand people currently affected abroad. there were bookings for another million or so people for travel dates in the future. we have

simple truth is the overwhelming and unmistakable voice of the world of work, industry and all the employers's organisations and the traded makes a really powerful point, and i think those industries and those sectors, and we have all met the man heard their evidence, our troubled that their evidence, our troubled that the message that comes from their expertise and knowledge, they after all the people creating the wealth of the country, is not being heard bya of the country, is not being heard by a government that says we are prepared to leave with no deal on 31st of october. my honourable friend is in the room next door to me, of course i will give way, and then i am going to make progress.” am grateful to my right honourable friend forgiving way. i have received a letter this morning from the north—east england chamber of commerce in which they say over the last three years we've been clear and consistent. preserving the trading conditions and relationship we currently enjoy with the eu ought to be the primary objective of any brexit outcome. sadly the government does not willingness to embrace no deal as an acceptabl