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tv   Business Briefing  BBC News  April 4, 2018 5:30am-5:46am BST

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this is business briefing. i'm david eades. 1300 reasons to be fearful. the united states has published a list of chinese products that could be hit by new import tariffs, ranging from television screens to jet engines. china has said it will respond in kind. and 9,000 of britain's largest firms must submit a breakdown of their gender pay—gap before the deadline today. but some of the results may surprise you. a quick look now at the markets. the asian markets are virtually unchanged, which may surprise you given the news were getting on possible trade wars to beat the dow jones responded positively. just a few hours ago, the trump administration
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published its list of roughly 1,300 chinese products that it wants to slap with import tariffs, thought to be worth $50 billion. china has responded, saying it will take counter measures to the taxes. kim gittleson has more from new york. just two days after china placed tariffs on 128 us products, the united states has responded with a list of its own. running to 1,300 separate items, the range of chinese imports that could be subject to additional tariffs covers everything from biscuit ovens, to flatscreen televisions to jet engines. the us has said that it's specifically focusing on china's robotics, aerospace and machinery sectors. in total the list targets $50 billion worth of chinese imports. the us president has accused china of unfair trade practices and, in announcing the list, the office of
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the us trade representative echoed those concerns saying it was trying to rectify ‘s chinese trade practices that are worse american firms into sharing intellectual property with domestic chinese companies. there will now be a 60—day comment period before the list is finalised and the tariffs go into effect. already, several us business groups have said that they oppose the tariffs. kim gittleson, bbc news, new york. as i said china has condemned the us tariffs, and said it will take countermeasures. let's go to our asia business hub where sharanjit leyl has been following that side of the story. there is no cooling off yet. certainly not any cooling off. as you say, the chinese have condemned it. they issued a statement saying that the fresh tariff proposals covering chinese exports worth some $50 billion us, describing them as unfounded and a typically
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unilateralist and protectionist practice that china strongly condemns and firmly opposes. this was the statement from the chinese ministry of commerce following the american move that listed, as you heard, nearly 1300 products ranging through aerospace, information, communication, technology, robotics and machinery. they could all be subject to a tariff of 25%. i have spoken to a number of analyst this morning about a potential outcome of this trade spat and all agreed it will not end well for either party. this is the response from the asian trade centre. the chinese have not yet any major us exports into china such as aircraft, soya beans, cars, caterpillar tractors. there is a lot of room for this to escalate and get
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more complicated. the us's main gripe with beijing is that amongst everything else they are stealing intellectual property from american businesses. it's a profession that's as emblematic of new york city as the manhattan skyline, and one that provided hundreds of thousands of immigrants to america with full—time, well paying jobs. but with the arrival of ride—hailing apps uber and lyft, driving a cab in the big apple has become an increasingly precarious occupation, as joe miller reports from new york. iam nota i am not a slave and i refuse to be one. those were the words posted on facebook by brooklyn born black car driver douglas shuster moments before he took his own life. driver douglas shuster moments before he took his own lifelj driver douglas shuster moments before he took his own life. i miss him. left to sift through his possessions, his brother says he was forced to live in his car for days on end and was unable to pay off
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mounting bills. douglas's fares were sometimes as few as two a day. and they could be as little as $30. sadly, douglas was one ofjust four drivers who are taken their lives in as many months and while economic despair alone may not explain their actions, protesters here say it is time for city hall to step in and regulate the light of these companies. in just five years, regulate the light of these companies. injust five years, due to those apps, the number of for hire vehicles on the streets of new york has more than doubled and drivers say there are just not enough passengers to go around. guba says its growth is coming from new york's outer boroughs which it says are underserved by maths transit and ignored by yellow cabs. 0ver are underserved by maths transit and ignored by yellow cabs. over at the taxi workers alliance, many drivers report that they are earning less than the minimum wage and they know
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who they blame. in 2016, guba and lift combined to spend more in the united states on lobbying than microsoft, wall mart and amazon combined. the woman in charge of licensing says the tech firms find it easy to some of support for their cause. there is an amazing amount of passenger loyalty to the product and the ability through social media to get that passenger days to become your voice. george says the erosion of professional drivers' livelihood 01’ of professional drivers' livelihood or tragedy to their family. but he says his brothers death was a warning sign of a crisis that extends far beyond the streets of new york city. today is the deadline for british businesses to give a breakdown of the gender pay gap between men and women. there are lots of different measures of pay inequality, but on an hourly basis, the latest figures show that men are paid 18.4% more than women here in the uk. the world economic forum says that
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pay inequality is a global issue and that the gap has increased every year since the turn of the decade. but this varies massively across different companies and industries. for example, the consumer goods giant unilever pays women 9% more than men. this reflects the fact that the lower paid manufacturing jobs are dominated by men, yet there's nearly a 50:50 split at management level. but at ryanair, the gender pay gap is as much as 67%. many of the highest paid employees at airlines are pilots, and the majority of pilots are males. with me is ingrid waterfield, a director at kpmg. thank you forjoining us. in a way, just from looking at those statistics, it is not necessarily that easy to make a broad definition as to who is guilty and who is not. 0r as to who is guilty and who is not. or is it? no. and that is the thing.
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there are a number of factors behind these figures and one of them is the fa ct these figures and one of them is the fact that there are fewer senior women in senior roles in industry, generally. there is also the fact that people do different types of roles in different industries. and then there is also the bias is around pay negotiation as well. there are a number of factors. all of which are still there and some of the discrepancies are huge but you make the point that this takes time. this will take a long time. this is possibly generational, isn't it? absolutely. and what organisations need to be focused on thinking about how they recruit people, how they promote and progress people and how they retain people to ensure that there is that parity and everyone has an opportunity, the talented people in organisations, to get to the highest levels. how much of a hidden element is this? the discrepancy and payment on bonuses
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is significant, certainly in some areas such as banks and the financial sector. bonuses, if you think of how they are generated, it is cause of performance ratings. how a performance ratings that? is there bias in those? it is really for organisations to look and understand who is receiving the bonus, the way they received it and why to make sure there is no bias. there is no going back on this, is there? 9000 big organisations have to deliver by today. we are almost on the number, right? we are now at 8870 organisations that have reported so a large number. there was 8300 yesterday so over 500 have reported in the last 2a hours that it significantly, there is no time to breathe here. they need to get the next lots trading? what will be interesting is looking at the companies next year and snapshot data for next year is tomorrow. so,
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actually, they can start looking at tomorrow to understand where the figures change from this year and what have they been doing to change these figures. this deadline day for now, at least for now. you very much. now let's brief you on some other business stories. wpp is investigating an allegation of personal misconduct against its chief executive sir martin sorrell. the world's largest advertising agency said its board had appointed independent counsel to conduct the investigation. the wall streetjournal also reporting that wpp's board is examining whether sir martin misused company assets, citing unnamed sources. spotify has now started publicly trading for the first time on the new york stock exchange. shares of the music—streaming service closed at $1119 making the company worth $29.5 billion — well above the value of other tech firms such as twitter. a quick look at the markets now. not
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much is happening. the asian markets are quite flat, a surprise given all of the brouha ha are quite flat, a surprise given all of the brouhaha over the impending trade wars that it that is the view of the markets or you there. and thatisit of the markets or you there. and that is it for the moment. always a pleasure to be with you. a sixteen—year—old boy who was shot on monday night in walthamstow, east london has died in hospital. he was attacked a short time after a seventeen—year—old girl was shot dead a few miles away in tottenham. the mayor of london, sadiq khan, has promised to fight what he called the "violent scourge" of gun and knife crime in the city. 0ur correspondentjon
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donnison has the details. another day in london, another murder investigation. this time in wharf murder investigation. this time in wha rf style murder investigation. this time in wharf style where a 16—year—old boy, shot on monday night, succumbed to his industries. —— welcome style just a few miles away in tottenham, a community is mourning another dead teenager. 17—year—old venetia melbourne was with friends when she was killed in a drive—by shooting, also on monday evening. those who knew her have described her as a beautiful, lively and bubbly girl. this map shows every murder in the capital this year. 48 is now in total. behind each market, a family total. behind each market, a family to read and coming to terms with their loss. some are blaming a lack of police funding. i have never seen resources so scarce on the ground to have the relationships with the
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people to get the compute community to support our police. we have lost 100 around here already. i have stood up in parliament to beg and plead for people so that we can start getting community intelligence. the government says it is taking measures to break the deadly is taking measures to break the d ea d ly cycle is taking measures to break the deadly cycle of violence. recently come across england and wales there has been a rise in violent crime. some of it related to gangs. but the levels are still far below what they we re levels are still far below what they were in the mid—19 90s. that will be little comfort, however, for those morning in london this week. this is the briefing from bbc news. the latest headlines: three people are injured, one critically, after a gun attack at the headquarters of youtube. the shooter took her own life. the international body set up to eradicate chemical weapons
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is to weigh in on the row over the attempted murder of a former russian spy. 50 years after the murder of martin luther king, how much progress has america made in tackling racial inequality? now it is time look at the stories that are making the headlines in media across the world. we begin with rt in russia and their story on british military scientists saying they can't confirm the origin of the nerve agent used in salisbury — they say the uk's now on "damage control" after pointing to the la times now and a big story out of the us. the trump admistration‘s ramping up the trade war with china, according to the paper, by releasing a long list of imports that could soon be hit by 25% tariffs. the guardian in the uk with a report on the rise of robots.
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research in the paper says 66 millionjobs in the developed world could be lost to automation and employers aren't doing enough to prepare their people. to the main story of the financial times, spotify with something to sing about — its $30 billion debut that saw the music streaming company defy the current tech stock sell—off. and finally, the independent among many outlets looking back at martin luther king jr on the 50th anniversary of his death, but pointing out he was more radical than most people remember. 0k, let's begin. with me is nina trentmann from the wall streetjournal. let's get


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