in china in 1972, meetings between the us and china have had a formulaic field. the companionship of the chinese and american people... always looking forward to better relations. the administration is giving him the kind of treatment over the next week not normally laid on even for a head of state or head of government. we expect that normalisation will help to move us together toward a world of diversity and peace. we believe even greater progress could be made if our future efforts are based on mutual respect and mutual benefit. the united states always had the hope that china would become more like the united states, that it would become more liberal, more democratic, not necessarily a democracy, as we think it, but more open and potentially even contribute to the world once it became a bigger economy. but then in quick succession, two major events happened. the 198090 andaman square massacre told the united states that china wasn't going to reform on its own. “— china wasn't going to reform on its own. —— 1980 tiananmen square. and then the berlin wa

the us and china are locked in an increasingly hostile competition in the south china sea, where china has built and militarised a string of artificial islands in defiance of international law. the us responded very slowly. it took a long time before they fully appreciated what china was building. by the time china had really started militarising these islands, it was too late for the united states to respond, and nobody wanted to go to war with china over what they called "reefs and rocks" in the south china sea. $5.3 trillion of trade transits through the south china sea, very near the spratlys. china's actions were, in a sense, an attempt to be able to cut the carotid artery of global trade. so many of the conversations i have had in this city boil down to one concern — that china's rise is nowjust too rapid for the united states to manage. like those islands that appeared almost out of nowhere, there is a sense that unless the us gets a grip on the china challenge, and soon, it might well become unmanageable. the stated chinese government policy is to dominate emerging technologi

i think both us and china are seeing a bit ofan both us and china are seeing a bit of an economic slowdown, i was in china a few weeks ago, their growth rate is 6% which sounds great, but actually, it's the slowest in three decades. what that means for the consumers there and in the us, they are going to be paying more for these products that they are purchasing, something like two thirds of all goods from china go to the us and have tariffs, and i think it's something like 60% of goods from the us to china that have ta riffs from the us to china that have tariffs so that's a significant number. globally, that means we could be going into a global economic slowdown, for people in the uk, europe, etc that doesn't bode well, especially with things like brexit on the horizon which will bring a potential slowdown as well. that's not a good indicatorfor the average person on the street. let's return to the story that you picked out in the new york times. i mean, the embarrassment, it's difficult to think of another word. of the investment, softbank has made in we work and what it really says, a

according to the us government, china has gained the system —— according to the us government, china has gamed the system of international trade and steals the newest technology. the result has been a huge wave of factory closures and job losses. more and more companies came to the conclusion that partnering with china ultimately was not turning out to be profitable, and could actually be downright negative. china's more assertive military, in places like the south china sea, has also alarmed policymakers in washington, as has china's stated aim of becoming the world leader in new technologies like robotics and ai. if china were to succeed in these areas, then it probably supplant the united states as the leading power in the world. although mr trump is keen to sign a phase one trade deal with china, us rhetoric is as tough as ever. the fbi has over 1,000 investigations involving attempted theft of us—based technology that leads back to china. if the chinese do not make a serious effort and demonstrate a serious effort to reduce their non—compliance with intellectual property, th

— china trade war, this is opec and robust in the face of the us— china trade war, this is 0pec and its allies are expected to extend their existing outlook cuts when they meet next month. a correspondent told me whether he expects those production curbs to continue. that's definitely the easiest thing for them to do, because otherwise they would have to come up with a full negotiation about how to divide the volumes they are going to release going forward, especially when they come to an environment which has been positive for the price of oil. there are three prevailing tensions in the market. one of them is, of course, the tightness triggered by the attacks on saudi oil infrastructure and the fact that the kingdom is replenishing inventory is, coupled together with the sanctions on units of freight, company cost codes that have been tightening the market. and then on top of that you have the fa ct then on top of that you have the fact that the biggest surplus in the market now is in the us, and because of the trade war itself, that surplus is not being able to reach the biggest marke

from here that us china relations will get warmer soon. from here in washington, this is seen as a battle for the future that america could not afford to lose. you can watch david grossman's documentary, "rivals — america's endgame" this weekend on world news. here in the uk, on the campaign trail for the general election on the 12th of december, the two main political parties have been setting out their plans for the economy. labour has promised "investment on a scale never seen before" to overhaul infrastructure in all areas of the uk. the tories have also vowed to borrow to fund more spending, rewriting their current financial rules. we will borrow some more to invest. but we know all too well what happens if debt gets out of control. excessive debt would risk everything british people have worked so hard to achieve over the past decade of recovery. we have the chance now for real change. a decade spent rebuilding out change. a decade spent rebuilding our society and saving our planet for our children and our grandchildren, building t

china trade war. 0ur sliding created by the us china trade war. 0ursliding and created by the us china trade war. 0ur sliding and right now as we can see and they are taking advantage of some opportunities that they may not have had in the past in terms of manufacturing opportunities. thank you so much for that update, monica miller. it's the biggest u—tube janet in latin america but you might not have heard of it. his name is kondzilla and at the age of 31, he owns a major record label. arm no latin america's music phenomenon kondzilla. let's look at the hong kong stock exchange which and how it's faring the listing of alibaba. and how it's faring the listing of aliba ba. aliba ba and how it's faring the listing of alibaba. alibaba continues to surge an early morning trade, up more than 7%. sport today is coming up next. this is bbc news — the top stories this hour. hong kong's chief executive carrie lam has promised to ‘reflect‘ after pro—democracy parties win a landslide in local elections. a us court has ruled that a former white house counsel must testify before congress

china trade deal beijing has responded furiously to us vote calling for democracy in hong kong the communist government said it would do whatever was needed to safeguard its rule over the territory after the senate and washington unanimously passed legislation aimed at protecting human rights in hong kong and threatening to revoke the territories special trade privileges with the u.s. in the event of noncompliance. and it's slightly in the red wednesday morning saying index slipped about 7 tenths of a percent. in washington president donald trump won't he was prepared to escalate the trade or if no agreement could be reached. the relationship with china will see what happens but i'm very happy right if we don't make a deal with china i'll just raise the terrorists even higher thank you very much. that's not a clear threat from the u.s. president off national correspondent susan is in frankfurt let's talk about this. how much of a negative impact do statements like this the one we've just heard actually have on the financial markets. well there still is a short term impact of the markets but

instead of china, the city has what is called special us trading consideration. of president trump signed the bill, washington won't be offering that condition automatically and would ask us secretary of state to certify at least once a year that hong kong retains enough autonomy to qualify for special us trading consideration. if the city loses it, it will be a huge blow. the bill will also provide for sanctions against officials responsible for human rights violations in the city. beijing hasn't been happy about this, and we saw all the asian markets reacting negatively to this potential conflict between the us and china stopping the hang seng was down yesterday, and it has just opened for trade and is down about 1.596. opened for trade and is down about i.5%. it is all because china vowed to retaliate. china is hoping president trump will veto it, but the unanimous vote in the senate where his fellow republicans hold a majority of seats could make a veto really difficult for the president, and some people familiar with the matter have been talking to local med

china are being used to brainwash the muslim uighur minority. now it's time to look at the stories that are making the headlines in the media across the world. we begin with the financial times. it reports on the launch of the conservative party's manifesto ahead of the uk going to the polls next month. it says the party's promises are modest in a bid to hold on to voters. spain's el pais covers leaked documents that detail how china is detaining a million uighur muslims and attempting to brainwash them — the paper's among an alliance of news outlets that have worked on the investigation. sir tim berners—lee, inventor of the world wide web features in the guardian — he's calling for governments and tech companies to sign up to a ‘contract for the web' to safeguard people from abuse and protect their privacy. the way we work is changing, according to a study in the metro. gone is the job for life — millenials are changing jobs on average every four years. and a story we've plucked from the press in indonesia — 2000 children have been

very sensitive to any developments in the us china trade talks. negotiations closely watch. we had the latest on huawei and that has been a red positively at the moment. we know school funding urgently needs addressing. many schools are struggling to buy materials and basic equipment. unions want the general election candidates to pledge to give every school adequate funding it needs to deliver a high quality education for every child. 0ur education editor branwen jeffrey's has been looking at how classrooms are trying to raise standards and balance the books. you have chosen one number... adding up you have chosen one number... adding up is not always easy. for schools, cash in, wages out do not always match. last year this school went £200,000 over budget so everything is aggression, from blue to printing. every now and then i would do something really special in colour but everything else is in black and white. how do you manage when you're making this place?|j black and white. how do you manage when you're making this place? i am spending a lot on coloured things i need

comes to fruition and won't resolve all the issues of china and between china and the us what would a potential deal mean for producers like the ones we saw in the piece. it is hard to say how for now details are crucial to debtor binded the outcome of the face of wine and we are still like that information even if china will to compromise to buy up to 50000000000 dollars of us i would cultural products and only a strong suggested it will be difficult for these to happen immediately also what has already heard a bold economies are the targets already in place let's not forget that the us has imposed duties on chinese products towards a $360000000000.00 so it's not only about not escalating farter it's about deescalating and the problem here is that mistrust is still really there on long ball delegations so it's very difficult to see these time a skinny deal that will completely erase too sensitive for the us is the. all the way to make sure to keep china accountable but also trying some predictability if that does not help you know these things to asia and how there was a result of

china trade dispute. and i was with some of the other global business stories making news. amazon is opening a pop up store on chinese e-commerce platform a p nor do they need to go off around $8000.00 overseas products amazon has struggled to gain a foothold in the world's 2nd largest economy its close its marketplace there in july e-commerce in china is dominated by homegrown players like ali baba and j.d. dot com. tesla has received nearly 150000 orders for its new electric pickup trucks despite an embarrassing launch last week the much hyped a unveiling that went off script when the cyber drugs windows splintered twice this bragging about the strength of the class as a share price fell 6 percent after the launch. while then $100.00 died in protest against fuel price hikes across iran that's according to amnesty international and about a $1000.00 demonstrators were arrested say iranian authorities tehran restores the internet so after week long government shutdown the scale of the country's crisis beco

into the trade swords if the us and china decide to talk about it. because hong kong is very precious to china, understandably. this is the special administrative region of china, and also very special to the united states. so if it gets involved in trade talks, if the president, president trump, uses it as part of his leveraged in trade talks, then that will put the squeeze on hong kong. staying with trade rows, a spokesperson for the indian foreign ministry has said the country is in talks with the us to resolve their ongoing dispute. monica millerjoins me now from mumbai. monica, what is at stake? well, president donald trump not too long ago said that india is the king of tariff, in fa ct, india is the king of tariff, in fact, they impose the highest in the world. 0ver fact, they impose the highest in the world. over the summer, fact, they impose the highest in the world. 0verthe summer, if fact, they impose the highest in the world. over the summer, if you can remember, the us government withdrew key concessions to the indian government, and in

and on the markets, global shares stumble on renewed us china tensions — as the us congress passes a bill in support of the hong kong protestors — drawing condemnation from beijing. we start in the us where general motors has launched a legal onslaught against rival car giant fiat chrysler. gm is suing fiat for racketeering, alleging it bribed officials at the united auto workers union for years — and seeking substantial damages' fiat says it's astonished at the lawsuit — which comes as it tries to seal a merger with france's peugeot group. from new york — samira hussain has more. general motors says fiat chrysler spent millions bribing during the years of 2011 and 2015. gm asserts the union made concessions to fiat chrysler that were not afforded to general motors. such as hiring entry—level workers than gm was allowed to. the claims being made are tied to an ongoing federal corruption investigation that has led to 13 criminal charges investigation that has led to 13 criminal charges and 11 guilty pleas among former executives and union leaders. fiat chrysler has responded

we start the programme with the ongoing us— china trade conflict, because wall street shares have edged up to more record highs overnight, as investors look past some weak economic data to focus on president trump saying that the world's two biggest economies are close to an agreement on the first phase of a deal. the bbc‘s vivian nunis has more from new york. donald trump said on tuesday the united states was in the final throes of its push to reach a trade deal with china. the president said he had a very good relationship with china's president, xijinping, very good relationship with china's president, xi jinping, and very good relationship with china's president, xijinping, and the trade negotiations between washington and beijing are going very well. that seems to have been enough to keep wall street happy. for the second day ina wall street happy. for the second day in a row, the major us indices closed at a record high. investor optimism echoed that of the chair of the us federal reserve, jerome powell, who earlier this week described the us economy is a glass which is much mor

if that willingness, not just to tell us what happens inside china, but to start telling us what ought to happen over here and i can't that is why as it's a genuine existential threat. host: i would mention a great book by a professor called i think "hollywood made in china" that outlines the various ways china uses its markets to compel movies to take one plot line over another plot line and every time i watch a movie in which the chinese coming as the heroes i know to look for who has financed the movie. that definitely does i think have influence. guest: i know i just got a future podcast. five to trackback guy down to see if he would talk about it. i love movies so it would combine two of my passions into one podcast. host: she knows a lot about this topic and i have found her presentations on it quite interesting. i myself have not focused on military issues and the conflicts between china and the united states. one of the things that i look at a lot our allies and partners in the region. a lot of people would argue it's a key strength for the us, that we have partners like austra

could itjeopardize already tense trade negotiations between the us and china? rico hizon is following the story. this rico hizon. good to see you. markets are wobbling again. absolutely. it is valid, sally, because what happened overnight in washington, dc could really hurt the ongoing trade negotiation process with china. raising has not made any reference so far to the talks, but it has accused the united states, sally, of sinister intentions. president trump signed to bills as he tries to reach a phase one trade arrangement with beijing. earlier this week he was bragging that a deal was indeed imminent. to give you background about this new legislation which was approved by the us congress last week. it requires the state department to certify that hong kong retains enough autonomy to justify favourable us trading terms that have helped them maintain their position as a global financial hub. the law also threatens sanctions for human rights violations. at this point, donald trump is hoping to secure a major trade deal with china this year, but the talks have

china trade war students in hong kong have blocked parts of the city for a 5th day in a row they're calling on the government to commit to holding local elections on november 24th administrators are gathering for a rally in the city's business district hong kong is experiencing one of its most violent weeks since the protests began in june. they're going israeli airstrikes in gaza and rocket fire towards israel less than 24 hours after a cease fire was agreed to israeli forces and islamic jihad fighters exchanged the cross-fire cross border fire that is the violence began on tuesday after the israeli army assassinated a senior leader of the islamic jihad in gaza 34 palestinians have since been killed rob matheson has more from west jerusalem. the last few hours in gaza have been quiet since those israeli military airstrikes were taking place against what the israeli military says were islamic jihad training grounds no in real terms we understand that means open and agricultural land in gaza that was being targeted but the israeli military no saying that that operation has been concl

markets hit new record highs — as china and the us edge towards a deal to end their damaging trade war. and on those markets: the dow and s&p close at all time highs, the nasdaq just a fraction off its record close — that optimism rippling through asian trade. money is rushing into equity funds as trade fears ease. we start with walt disney — because the force is very much with the entertainment giant after a strong set of results. disney is now more enormous than ever, following its massive $70 billion takeover of 21st century fox. and it's about to begin a new episode in its 96—year history as it prepares to enter the world of streaming. disney made revenues of over $19 billion, up more than a third on this time last year and more than wall street was expecting. it has been boosted by the takeover of fox back in march — which has given it lucrative new content such as star wars. profits were lower though as it processes that mega deal and makes huges investments in this... from tuesday — disney plus will take on the likes of netflix and amazon prime — offering decades of

brought on by the us china trade war which has helped knock regional economic growth to its lowest in five years. thank you. now let's brief you on some other business stories. mcdonald's has fired its chief executive steve easterbrook after he had a relationship with an employee.the us fast food giant said it had been consensual, but mr easterbrook had "violated company policy" and shown "poor judgement". in an email to staff, the british businessman admitted the relationship had been a mistake. consumer goods giant unilever has vowed to stop its brands running adverts on porn sites. it comes after its men's grooming range dollar shave club ran a campaign on a controversial pornogrophy site. unilever says it had not been aware of the campaign. a quick look at financial markets. as mentioned pan is closed today for a public holiday so do not be full by that one third of a percent drop, that was at the end of last week. but there are strong gains across the board following on from the record close on the s&p 500 on friday and and encouraging jobs report out on friday in the us basicall

up in the trade here was down a little while ago but the recent trade war between the us and china has increased the business of production has almost doubled recently got bit by that whatever. job poor is the capital of the northern indian state of raw just on around 3000000 people live in the city which is growing steadily many in the business community here see the trade war between the chinese and the americans as an opportunity they hope the region will benefit through increasing investment. i can see. a big chunk of business can come to india or even the manufacturing can be shipped redoing. particularly when i'm from germany to recreate i feel that lots of people have started coming. through both ability to uphold we can have a joint venture or they can set up our unit. india's gems and jewelry industry is one of the largest in the world nearly 30 percent of all jewelry is made here. now africans are still paying way too much for that internet access thanks to sluggish spending on infrastructure and a lack of competition web users on the continent will therefore welcome the news

let us start with the us— china trade war because president donald trump has been speaking at an event hosted by the economic club of new york. he talked about his perceived economy accomplishments to a relatively receptive audience including gains on financial markets and trade policy with china. take a listen to what some audience members had to say. mr president, podium is yours, sir. he actually covered a lot more thanl sir. he actually covered a lot more than i thought. i thought it would be 20 minutes but it was an hour. will most of you people wouldn't know these numbers because most of you are not very active in the market. but since my election, the s&p 500 is up over 45%, the dow jones is up over 50% and the nasdaq is up 60%. slightly more. jones is up over 50% and the nasdaq is up 6096. slightly more. applause full stop i thought it was very inspirational, positive and up eight. finally america stands for america. the theft of american jobs is over, they understand that. my administration has taken the toughest ever action to confront china's trade abuses. the two big countr

china has accused the us of indulging violent criminals, amid concerns in the business world the row could derail attempts to end the trade war between the two sides. mariko 0i and our asia business team are following the story. that's right, he has about ten days to sign or veto those bills, and we have been on the edge waiting for his move, though it is widely expected that he will sign them into law, which will most likely trigger baiting's retaliation copy the heart of this democracy bell is the special trading status that hong kong enjoys, and that is why we know that many multinational companies are based there and not china, so a caught up with tara joseph from the american chamber of commerce earlier. in terms of the special trade status, it means that hong kongis trade status, it means that hong kong is not liable to the type of tariff wars that we are seeing between the us and china, and we have rule of law here, it's a very open, operating environment where there is excellent cooperation between the us and hong kong. there is excellent cooperation between the us and hong k

asian stock markets cautious on concerns about renewed us—china tensions. the us was closed of course for thanksgiving. we start with black friday. the annual shopping binge after the thanksgiving holiday is now a global phenomenon, with retailers around the world offering discounts on everything from kitchen appliances to tvs to clothing. but it's also becoming the focus of concerns about the environmental cost of consumerism. spending in the us, the home of black friday, is forecast to hit more than $29 billion over the next four days. there's an added incentive this year — us retailers want to do as much business as possible ahead of a new 15% import tax due to hit chinese made goods later this month. it would affect $160 billion worth of goods, including popular gifts like smartphones, toys and clothes. don't expect the frantic scenes in the shops of black fridays past though — it's increasingly being done online. that's where more than three quarters of us are looking for bargains here in the uk, according to pwc, and the trend is the same around e

the move is being seen as a strategic step for alibaba in case us—china trade tensions continue to worsen, and american regulators decide to take aim at chinese—listed companies in new york. let's get more on this story. karishma vaswani is our asia business correspondent. tell us more about today's big debut for alibaba. it has been a highly anticipated share offering. in fact it is now on track to be the biggest share offering of 2019, meaning uber —— beating oh $8 billion. there has been so much excitement about alibaba listing been so much excitement about aliba ba listing in been so much excitement about alibaba listing in hong kong is because as the company has consistently said it is a way in the words of the former chairman to bring alibaba home. two—thirds, more than two—thirds of its revenue is made from the mainland chinese market and you saw that very much on display at the listings ceremony today when many of the companies customers were actually the ones hitting the symbolic gong to point out the moment to shine a light on the moment that trading actually started.

what impact has the us and china trade war had? most of our business is rooted in india and domestic demand so we rooted in india and domestic demand so we have been quite insulated from the us and china issues. i think that trade war presents opportunities for other companies in india to come into manufacturing and to supply commodities globally. for us, we have had a strong earnings cycle in shipping and tea. how difficult is it to run a family business, working alongside your siblings? you must have had family i’ows siblings? you must have had family rows from time to time? the three of us, my brother and sister and myself, have grown up together so there is similarity in our purpose and thinking and our businesses are large enough to have enough space and that has been key to our growth also. increasingly because it is a company owned by three of us, we are more linked in on decisions and investments and in any conversation there are different views as to how to grow a business and there is some of that but there is fun in do

to end the punishing sixty month us china trade war. trump has tried to walk a line between beijing on protesters saying he e signed te bills in ththe hope that the two sides will settlee their differences with peace and prosperity for all. the police officer in charge of the football match of thirty years ago when ninety six liverpool supporters were killed. in a crash on the terraces has been acquitted of the charge of gross negligence manslaughter. the doctor who was in charge of policing that the f. a. cup semi final. on april the fifteenth nineteen eighty nine. focus of his case was his decision to open exit gates before the kick off. the lot funds to russian and cools the fatal crush. the leggings land and lane end of the hills for stadium. we could let mr docking field is basically disappointed the families of the ninety six. fans who lost their lives in this crush. two year long inquest into the deaths returned verdicts of unlawful killing. jenni hicks who lost her two teenage daughters in this crash. they were cool victoria and

we begin with brexit, because the world's two biggest economies, the us and china, are among the group of country arcing a demand from australia for compensation from the uk and the european union over losses incurred by its beef and lamb exporters. —— backing a demand. more now on the story from a reporter mariko oi, who joins me in the studio. what is going on? australia's argument is that its businesses have really been affected because of brexit delays, because they stopped exporting beef and lamb ahead of those three possible deadlines, remember, those three dates in march, april and then in october. the reason they did that is that the european union curbs imports by only allowing a limited amount of agricultural products from other countries to enter the european union, with reduced or even zero tariffs. anything above that, it gets too expensive but it is not even worth it. at the moment, the quotas are for the whole of the eu, including the uk, and of course after brexit, they have to decide how to divide those up. i had of those deadlines, australian businesses were just

the us withdrawing from the paris climate agreement and china reaffirming it actually makes china the lesser of the 2 bet guys what doesn't help the u.s. image at this moment is today's a report by the united nations that said that the u.s. tariffs on chinese goods has hurt both economies and especially hurt american consumers at the heart of it all so doing business on the environmental front is also quite a tricky one right now and a balancing act tell tell us more about that trade deal though between a potential trade deal i should say between the u.s. and china where we are right now well china's foreign ministry insists that there has been constant contact between the 2 negotiating teams and just this week china has been more daring in requesting or demanding that the u.s. removes all of its tariffs on chinese goods before moving forward with setting up a meeting between a cd and paying and president donald trump no it feels like it feels like it may have this didn't do it china is doing this because they feel they've meet more concessions than the u.s. inciting this focus in con

china and the us agreed to roll back some tariffs. three years on, we assess the impact of india's ban on high—value currency notes. it isa it is a friday, almost the weekend, good morning, asia, helloworld, glad you canjoin good morning, asia, helloworld, glad you can join us good morning, asia, helloworld, glad you canjoin us for good morning, asia, helloworld, glad you can join us for another action packed edition of asia business report, i am packed edition of asia business report, iam rico packed edition of asia business report, i am rico hizon, packed edition of asia business report, iam rico hizon, starting off with the trade war because the two economic superpowers appear to be inching towards a endgame and on wall street, investors are pleased with the latest signs of progress with the latest signs of progress with all of the major benchmarks surging to record highs. asia is in positive territory as well. as you can see right now on your screens, the neck a 225 gained 0.6%. the trade war has gone on for nearly two yea rs tr

they include the likes of the us, china, india. they are among a number who are backing australia's move to ask for trade compensation from the eu and the uk over brexit disruption. they are specifically talking about losses over beef and lamb, as you say, that have already been disrupted over brexit delays. you will recall there we re brexit delays. you will recall there were three dates in march, april and october while brexit continues to be delayed and ahead of each deadline, australian exporters stopped exporting beef and lamb. it allows a limited amount of goods coming in at reduced tariffs. anything above that quota, the tariffs go so high it is not worth exporting. as we know, brexit means the uk and the eu will have to decide how to divide up these quotas and every time there is a brexit deadline, australian exporters really can't be sure how much they can export. that is the crux of their complaint. thank you very much, sharanjit leyl. that is it from your business briefing. see you soon with the papers. for the first tim

china trade dispute. french luxury goods giant a.v.m.a. china has clinched the takeover of u.s. jeweler to fany the takeover is a win for both companies many analysts say tiffany has been trailing rivals in sales growth in recent years and the mh hopes to deal the deal will boost its presence in the united states the mh is owned by francis richest man on the its fashion division includes prestigious brands like of it all christiane the or and cancel its watches and jewelry section comprises buggery and tag hoyer the image is also represented in wines and spirits by way sean draw and is also active in the hotel business the $16200000000.00 deal will be mages biggest acquisition to date. a luxury brand as american as skyscrapers now to be taken over by l b m h a luxury group so european that most people have trouble pronouncing its full name u.s. jeweler tiffany is one of america's few luxury brands it's a bit old fashion and is looking to gain some credibility with a new generation of customers. paris base

and china the us and china they're in a trade war the global economic impact isn't huge if that but the long term consequences will be able to reach solutions to serious global problems that could be the biggest consequence of what they are up to at the moment some of this is absolutely fascinating i've really enjoyed our discussion many thanks indeed for being with us and counting the cost there on. the manual macross decision to cut taxes for the wealthy earned him the monica president for the rich his decision to raise taxes on diesel and petrol led to the popular g.l.a. jaw or yellow jacket protests which morphed into a revolt against inequality. just how unequal then is french society well earlier this year but not on oh briefly overtook bill gates to become the 2nd richest man in the world the sente billionaire plans to take over a jeweler tiffany for more than $14000000000.00 according to bloomberg the personal fortunes of french billionaires have grown twice as fast as their american and chinese counterparts in 2019 for the size of hundreds of millions being raised in just a

it comes has china and the us are locked in bitter trade dispute. uk businesses are optimistic about international trade and future growth overseas, but mainly outside the eu. that is according to a new survey by hsbc. it found that 86% of uk businesses were positive about the outlook overall, but were gloomy about the prospects for stronger trade with europe. we have mentioned some of the earning stories, uber, for example. i record close on wall street last night filtering through to trading time in asia. hong kong up 0.5%, japan up nearly 2% asjapan time in asia. hong kong up 0.5%, japan up nearly 2% as japan catches up japan up nearly 2% as japan catches up on monday's gains. that's it for the business briefing this hour. 2,500 people employed by mothercare face losing theirjobs after the baby goods retailer announced it was appointing administrators. its 79 stores remain open for the time being, but the company said they weren't generating enough profit to be sustainable. so far, no buyer has been found. the company has been struggling for some

according to the us government, china has gamed the system of international trade and also stolen us technology. the result has been a huge wave of factory closures and job losses. more and more companies came to the conclusion that being in china, partnering with china, ultimately was not turning out to be profitable and could actually be downright negative. china‘s more assertive military in places like the south china sea has also alarmed policymakers in washington. as has china‘s stated aim of becoming the world leader in new technologies like a! and robotics. if china were to succeed in these areas, then it probably would supplant the united states as the leading power in the world. although mr trump is a keen to sign a phase one trade deal with china, us rhetoric is as tough as ever. the fbi has over 1,000 investigations involving attempted theft of us—based technology that lead back to china. if the chinese do not make a serious effort and demonstrate a serious effort to reduce their noncompliance with intellectual property, i don't see any change. the chinese government

a glimmer of hope that there is an end in sight to the us—china trade war and punishing tariffs — that's pushing up stock markets to record highs. and — where would sherlock holmes buy his maps and how did ernest shackleton navigate antarctica? with the help of 166—year—old british firm — we'll get the inside track on the world's largest map maker. today we want to know map or app — when was the last time you unfolded a good—old fashioned map or are you reliant on your smartphone telling you where to go. let us know — just use the hashtag bbcworklife. hello and welcome to worklife. get your comments, coming in, i must admit, the a to z for me once get your comments, coming in, i must admit, the a to zfor me once upon get your comments, coming in, i must admit, the a to z for me once upon a time was like the bible. let's hear from you about your map reading skills. lets start with one of the world's largest fashion retailers — primark — a pioneer of fast fashion, its just announced that its yearly earnings have risen by 8 percent. this comes despite increasing pressure o

to us done then the opposite and likewise china invests heavily into us and national markets but there is a weakness on the american side and that is particular to gartner group cultural products and this is something that comes up time and again in negotiations the american side demands purchases of agricultural goods this is the to clear important at the moment because the us is heading towards election in in 2020 and in the states that do exports are good cultural goods to china a lot of them are voting for trump which means that if he can secure a trade deal for them they might not come out and vote for him. so given all of that how likely is it then that we will see a settlement this year well there was a talk of the so-called face one trade deal now we've heard this we've heard similar stories before just been promises of purchases of these are great cultural goods but usually what happens is that it doesn't tiriel us this time markets has been the case in the past markets have responded to 2 which would hope what's the trade deal we've seen currency appreciation on the chinese s

china trade fight china has launched the world's largest 5 g. network its 3 state owned while is carriers of switched on the next generation wireless technology marking a milestone in the country's bid to become a global take leader. and the owners of google of buying the leading wearables electronics make a fit the $2000000000.00 deal will likely see alphabet bring a google branded smart watch your fitness track its market share as if it had risen 40 percent since rivers of the deal emerged this week. south african company discovery is pioneering health insurance that uses customer data and awards program to encourage a healthy lifestyle it all depends upon how often you work out what you eat but are also means someone's always watching you. every sunday morning runners meet in johannesburg to earn points for their health insurance discovery vitality the concept is simple do sports and be rewarded with better rates or accessories like smart watches. discovery calls its insurance a behavioral change program. chris realer is convinced that his be

of course, trade figures this week both from the us and china. so what are they likely to show, in terms of how this protracted trade war has impacted them? there is no question there is a negative impact, notjust in trade, but i think it is downward pressure on the two economies. you are hurting in both countries the manufacturing supply chain. a huge percentage of —— percentage of us manufacturing inputs have a chinese component. even if you say that won't be impacted, you can move up sure, but some it is complicated and you can't easily do that, so for several years you are putting a downward pressure on the us economy. the good news, a few weeks ago, when the two countries declared a truce. they were supposed to sign an agreement at the apec meeting in chile. we're not quite sure what the ultimate outcome is but there are political signals from beijing and washington saying are not looking for any more friction and at least not adding any more tariffs. so no improvement, but at least no deterioration either. and that's right, because ther

nick beake in hong kong for us. let us see how that has played out in china. our beijing correspondent john sudworth explains how the story is playing out in china. we have had an immediate and pretty angry reaction from china's foreign ministry, accusing washington of having absolutely sinister intentions and threatening to take firm countermeasures. that threat we have heard before as this bill has made its passage through the us legislative process. and there is no suggestion as to what those countermeasures might be. but i think as you heard from nick there, while the protest is, those campaigning for what they say a greater democratic freedoms in hong kong will see this as a victory, something that will support their cause, china, which has been morning all along that it sees the signs of foreign meddling and foreign influence in the situation in hong kong is clearly going to take a very dim view of this. in coming on top of those election results this week, this will be seen as only complicating things further, which is why i think seeing such a firm res

that this is an attempt to address a major sticking point in the ongoing us china trade war and world fact that largest economy is also looking to lower the threshold for criminal punishments for those who steal i p. the u.s. wants china to crack down on ip theft and to stop forcing american companies to hand over their commercial secrets as a condition of doing business there the 2 countries are working toward a phase one trade deal they're very close to signing that agreement the global times also treated china in the u.s. are close to that it's one trade deal and china remains committed to continuing talks for a phase 2 or even a phase 3 deal with the us earlier today when asked about that trade deal chinese ministry of foreign affairs spokesperson reiterated china stands on a quality and mutual stance. regarding the china u.s. trade issue our stance is clear and consistent we hope the u.s. side will meet us halfway find a solution that is acceptable to both sides based on equality and mutual respect it serves the interests of both countries and the world. but the partial deal leav

china trade war and this demand for commodities is coming under pressure as well so that will put to some waves on the industry and then here locally where there's also quite a few challenges that miners all facing firstly a rising cost base due to labor costs it's also becoming quite expensive to mine here in south africa gold miners specifically are having to go deeper and deeper to access the minerals so a lot of cost concern coming through and then added to all of that is regulated as well we need policy certainty to under lock investment potential and until we see that we're not going to see production pick up and as it stands it seems like a little uptick is all we're going to see and until there is in the changes on those fronts we're not going to see great growth coming through. thank you very much bronwyn seaborne from our partner channel business day t v in johannesburg. and the south african president is among the leaders at a meeting of the so-called brics countries in the brazilian capital brasilia they're trying to strengthen economic and security ties a challenging tas