tv World Business Report BBC News August 15, 2017 5:30am-5:46am BST
this is bbc world news, the headlines. rescue and recovery efforts are due to resume at first light in the sierra leonean capital, freetown, following a devastating mudslide and floods which killed more than 300 people. president koroma has appealed for calm. north korean media has said president kimjong—un has been briefed on plans to launch missiles near the us pacific territory of guam. however, it said mr kim would watch american actions before deciding whether to order any launch. firefighters in greece are battling more than 90 forest fires across the country — an outbreak fed by dry winds and high temperatures. homes have been destroyed and damaged and a state of emergency declared in some areas. the american singer, taylor swift, has won her court case against a former radio dj she accused of assaulting her. a colorado jury found that david mueller had put his hand under her skirt and groped her before a concert. now it's time for world business report. a future without borders.
the uk government pushes for a frictionless trade deal to help ease its transition towards a post—brexit future. putting america first. donald trump calls for an investigation into whether china is stealing intellectual property from american companies. welcome to world business report. i'm ben bland. the british prime minister theresa may has this morning, published a blueprint for future trade relations between the uk and the european union. in the first of a series of brexit papers, the government suggested
creating an interim period of trade, saying one possible approach would be a temporary customs union between the uk and the eu. that means they would continue applying the same tariffs to goods from outside the union — which can then move between them without more tariffs being added. the government's brexit committee hopes a time—limited transition period will give importers and exporters enough time to adjust to the realities of brexit. in a bid to create what it calls a seamless and frictionless border, the government has suggested either creating a brand new arrangement that includes a new customs border, or a special partnership which would negate the need for a customs border at all. with me is christian schulz, the director of european economics at citi. thank you forjoining us. whose interests would such a deal most be in? i think both sides would benefit
if effectively nothing changes in march when the uk leads the eu. customs unions are particularly important, important for goods trade. something has two physically ci’oss trade. something has two physically cross the border to attach customs to it, tourism services not affected. goods trade, as we all know, the eu runs a big surplus with the uk. whereas, the uk runs a big deficit with the eu. uk purchasers more? indeed. it shows that, for the eu, this is actually pretty good if nothing changes, because they could continue to export a lot of things to the uk. so, is this a smart move? the government has picked something that would be of huge benefit to
those on the other side of the negotiating table? from an economic standpoint, yes. it avoids a cliff edgein standpoint, yes. it avoids a cliff edge in the specific case of goods trade. that doesn't affect at all the services trade, what happens to people moving between the uk and the eu and so on. but for goods trade, it means nothing would change. there is no fear of a cliff edge, more time to adjust to whatever happens in the future. the real question is what comes in the future, after that arrangement? if there was such an interim customs union ordeal or whatever you want to call it, that would stop the uk from going ahead in signing free trade deals from countries outside the eu, which is the whole point of brexit? one of the whole point of brexit? one of the economic upside is potentially of brexit would be the uk
negotiating and bringing into affect free—trade deals with countries outside the eu. that could include the us and australia and so on. with the us and australia and so on. with the customs union, they cannot bring these trade agreements into effect, they can negotiate them and find them, but they cannot be in effect. it would give the uk a chance to do these deals, but they would not be in effect. do you think it is a realistic prospect that this deal will be done? i think that the interim arrangement is perfectly possible. where it gets interesting is in future. those two options, a customs border or this partnership where the uk and the eu somehow work together in their customs arrangements, that almost sounds a bit like what we have at the moment. the eu negotiates with the rest of the world on behalf of everyone. in
that case, the uk could sneak into that case, the uk could sneak into that arrangement via the back door, i guess. i have a sneaking suspicion we will be talking about this again in the months to come. thank you very much. us president donald trump has asked his country's top trade official to review china's practices regarding intellectual property. the probe comes at a sensitive time for washington as it leans on china to assist with the nuclear threat posed by north korea. let's get more on this with rico hizon in singapore. rico, what's the latest? they are at loggerheads yet again. according to the us government, intellectual property stolen by the mainland is estimated at more than $300 billion. china is that to account for up to 80% of global intellectual property theft. these talks have been going on for a while, i earlier spoke to a market
research in shanghai and i asked if it was wise for donald trump to criticise the chinese. i think he is right, he should be criticising china for the over protectionism in the country, as well is for copywriting intellectual property issues. it is a fair, at this stage, that a lot of american companies, such as general motors, have to set up such as general motors, have to set upa such as general motors, have to set up a joint—venture in china. the concern is that right now, there is a lot of transfer of technology to the chinese joint—venture partner. today, you will be helping your partner become your competitor in five years. there is also situations like elon musk, who want to open a factory in china, but they are not willing to have a joint—venture partner. donald trump is definitely correct. china won't take this sitting down. they said they will ta ke sitting down. they said they will take action to defend their interests if the us damages trade relations. they have also said that
america must respect objective fact and not ignore principles of multilateralism. we will see how they move forward. 70 years have passed since the end of the british raj. partition resulted in muslims moving to the newly formed state of pakistan and hindus moving to independent india. among the millions of people affected, the owner of one sweets franchise eventually managed to thrive in a new homeland. but it was a painful and challenging journey— here's his story. partition was very bad for many. it was for us, we had to start again from zero. we had three restaurants, and some
shops here. they were of quite a large size, but due to partition, we had to move to bombay. any establishment takes decades to build, and it only takes an hour to destroy. the clientele base was totally destroyed. it was hard work in mumbai. we could not import our customers from karachi. we could not import oui’ customers from this is the house where we came and
stayed. it was almost like a dormitory. all our employees came and stayed with us for a number of yea rs before we and stayed with us for a number of years before we could establish our business again. the memory cannot be wiped out entirely. the pain is still there. the mockery of the whole thing is that it was not a question of religion or politics or state. then what was the cause of partition? plenty more on partition on our website, and you can get in touch with me on twitter. we will be back for the papers shortly. new scientific research has cast
doubt on the notion of fat but fit, the idea that overweight people can still be healthy. researchers from two top uk universities found that carrying extra weight can increase the risk of heart disease by more than a quarter — even in people who are otherwise healthy. 0ur health correspondent sophie hutchinson has more. british sumo wrestlers in training for their next competition. radically, they are classified as obese. but try telling them they are not fit. i am happy and comfortable at around 18 stone. i basically have no reason to lose weight. i'm fit, healthy, i've been down this gym every day for the last 20 years. i've never had a day. am full of fitness. excess body fat is linked to high blood sugar and cholesterol.
but some claim overweight people can still be healthy. new research from cambridge university suggests that evenif cambridge university suggests that even if blood test within the normal range, excess even if blood test within the normal range, excess weight is still a health risk. it linked people with bmis of over 25 to an estimated increased risk of heart disease of 26 to 28%, compared to those with a healthy body weight. at the beginning of the study, they were classified as healthy, then they became unhealthy, and eventually some of them developed heart disease and heart attack. researchers believe excess fat may store health problems for the future, and getting down to a healthy weight, whatever your sport, is vitally important. coming up at 6am on breakfast — louise minchin and dan walker will have the day's news, business and sport.
they'll also be asking whether you could run a business with your family. steph mcgovern is taking an in—depth look. this is bbc news. the latest headlines. the number of people killed why mudslides and flooding in sierra leone has risen to over 300. it is feared that many more bodies are still trapped under the debray. the red cross says thousands more have lost their homes. the president has announced it a national tragedy. state media in north korea say the country's military has briefed its leader, kimjong—un, about how they could fulfil his threat to fire missiles near the american island of guam in the pacific. he reportedly said he'd watch the actions of the us before making a decision. firefighters in greece have been battling more than 90 forest fires across the country, with conditions made worse by dry winds and high temperatures. the country's justice minister has said some of the fires were probably started deliberately. some of the
fires have been burning for several days and a state of emergency has been declared in some areas. a verdict has been reached in the court case between an american dj and the us singer taylor swift. jurors at a federal court in denver agreed that david mueller had groped her at an event in 2013. his claim for damages, on the grounds that his reputation had been destroyed by false allegations, was thrown out. now it's time for our newspaper review. let's have a look at what's making headlines around the world. firstly, president trump's condemnation of far—right groups takes the front page of the financial times, but it came after criticism from business leaders. the article in the ft highlights that trump waited 48 hours to denounce white supremacist groups and not before lashing out
on twitter about a resignation within the president's manufacturing council. in the japan times, the country's economy grows at its fastest rate in more than two years for its second quarter. consumer spending and capital expenditure also showing their strongest growth figures in three years. will the pace continue heading into the 2020 olympics? the new york times features a story looking at london's grenfell tower tragedy. under the headline "fire reveals a double standard," the piece draws the contrast between the affluence of south kensington against those in north kensington, home to some of britain's poorest, and where now a blackened shell of public housing stands. uber attempts to extend an olive branch to its drivers by allowing them to receive tips and charge when they have to wait for customers. this article in the guardian says the move is an attempt to take