The biggest economies in the world about to kiss and make up on their economically damaging trade war . Also, the return of the big bazooka, mario draghi is expected to throw the kitchen sink at the flagging euro zone economy we will tell you what that is and whether it will work. Financial markets across continent, london is up a little and so is germany. And well be getting the inside track on a business thats growing in style, we hear from the Business Owner making menopause clothing. Can now the us is set to ban flavoured e cigarettes, after a spate of vaping related deaths. So do you think itd the right course of action . Should other countries follow suit . Let us know just use the hashtag bbcbizlive hello and welcome to business live. President donald trump has announced that the us will delay a planned tariff hike on 250bn of chinese goods as a gesture of good will. In a tweet, mr trump said a 5 increase to duties scheduled fori october will be postponed for two weeks in responce to a request by china. Last month, the us said it would increase the tariff rates on all chinese goods, which included raising a 25 tax on 250bn of chinese imports to 30 . Earlier, china released a list of 16 us imports that will be exempted from tariffs including anti cancer drugs and animal feed. Is this good news, can we get excited to an end to the trade war . Good to talk to you again. Lets talk to our Asia Business correspondent karshma vaswani, whos in singapore. Fairto fair to say these are baby steps, in the last few minutes, from the Chinese Commerce ministry, we are hearing comments that when asked about the goodwill gesture from the united states, from donald trump, they are certainly viewing it as a positive. That underlines the fact that this is relatively a symbolic gesture, from President Trump, not going ahead with tariffs on october one, very important day for the chinese, he says, on the request of chinese, he says, on the request of chinese officials. Looking at the fundamental issues at play, nothing much has changed, what we are seeing isa much has changed, what we are seeing is a delay of tariffs that were meant to go into effect on october one, at this point, they are still going to go into effect on october 15, that is still two weeks, fair enough, it does not give American Companies or other firms based in china manufacturing these products, does not give them enough time to evade or escape the tariffs, in order to meet the october 15 deadline. What it does suggest is that the two sides could sit down, have another negotiation in the first couple of weeks of october, perhaps we could see an easing of tensions. At this point, baby steps, and a bit of a delay. We like the optimism and baby steps going on the right direction but having said that, there is a long way to go, what impact are we seeing on economies where you are in Southeast Asia . There has been a really big impact in economies across the region, you know, time and again, i have reported for you on the drop off in exports for export dependent countries like singapore, for instance, which last month saw a 17 fall in exports, understood by the fact that Many Companies based here, indonesia, vietnam, etc, they make things in china and sell them off to the united states. A lot of those products are now facing tariffs because of what President Trump is put into effect over the la st trump is put into effect over the last 18 months. Having said that, some countries have benefited, as supply chains have shifted out of china, into parts of Southeast Asia. Overall, what has happened, there has been major uncertainty for companies, that means they are not making decisions on hiring new people, or, building new factories, all that leads to a slowdown in Economic Growth, that is why you are seeing growth forecasts slowing down notjust around seeing growth forecasts slowing down not just around the region seeing growth forecasts slowing down notjust around the region but around the world. The other big story of today is in frankfurt where the European Central bank is expected to make a big move. Not so long ago if felt like the era of quantitative easing and negative Interest Rates was at an end but they are likely to stick around. The rate of Economic Growth across the countries that share the euro has slumped tojust 0. 2 in the three months to june. The regions biggest economy germany may well already be in recession. Annual inflation the rate prices are rising has also slowed sharply, tojust1 injuly. Thats just half the ecbs target rate and the lowest since 2016. That matters because as prices and perhaps incomes fall, debts do not. If you are a business with falling revenue, or even a government, debt payments become more of a burden. Eimear daly, Foreign Exchange strategist at macquarie, what are we expecting today . Thank you forjoining us, what do we expect of them . In the last two meetings they have made big problems, supporting inflation in the eurozone, because we dont have the eurozone, because we dont have the rate of price increases that the ecb targets, all these announcements have been made, there needs to be determination to act, we think they will underwhelmed markets, cutting deposit rates further into negative territory, charging banks and Pension Funds who are Holding Money with them. That policy is already in place, that is a crisis era policy, the idea that it will cost banks to keep the money deposited with the ecb. You talk about them disappointing markets, they have not got that many other levers to pull, so much of their crisis policy is still in place. They are out of ammunition, even those members of the governing council who have come out and said, no, we dont want to do asset purchases, the reason they dont want to do it is because they wa nt dont want to do it is because they want to leave something behind. If we have the escalation of the us china trade was, they need something to take out and give the us economy and electric shock, to get it into action. Because the german influence over the ecb is dominant, since the financial crisis, they have been very conservative, just like german fiscal conservatism in how it manages its own economy, does not like borrowing, anything too radical. And yet we are hearing from the German Government that they are poised to invest in their economy to try to avoid a looming recession. Can this be more significant . When you are at this stage where the ecb deposit rates are at minus rates, you need to have fiscal policy, government policy, coming through to invest and create more Economic Growth, the thing with germany, it has said, they are going to invest more, but they will not do it by increasing debt. At this time, the German Government is being paid to borrow, in a ten year space. We are paying the German Government to take money and invest. But they have not done it, they have been really slow, to increase debt levels and get their own economy going. Interesting times ahead. Lets take a look at some of the other stories making the news. The London Stock Exchange is preparing to reject a 39 billion takeover offer from its hong kong rival thats according to the financial times. Hong kong exchanges is controlled by the hong kong government, those close links to china could prove a major concern for uk politicians. Its shares fell more than 3 during trade in asia today. President trump says his administration will ban flavoured e cigarettes, after a spate of vaping related deaths. E cigarette manufacturers have been blamed for fuelling childhood addiction by offering flavoured products such as mango. Market leaderjuul, which is 35 owned by tobacco giant altria, stopped selling most of its flavoured devices last year in order to defuse mounting criticism. The uks main opposition party, labour, is urging that parliament is recalled after the government published its assesment of how the country will cope with a no deal brexit. It warns there could be protests, that prices could rise for food and fuel, and that lorries could have to wait more than two days to cross the english channel. Well be talking about this more later in the programme. Let show you some numbers, the two stories that will move markets today, already have, that being, us china trade, and the European Central bank meeting. In asia today, mixed picture, largely buoyant, some markets like japan had six week highs, mainly because of the news about various concessions ahead of the trade talks. Lets look at europe, Certain Companies moving the markets, in london, one of the winners, morrisons, supermarket chain, shares are up 4 . Morrisons has had 1a quarters in a row of growth, sales were down, at the end of the last quarter, but still, morrisons are seeing really strong growth, Department StoreJohn Morrisons are seeing really strong growth, Department Storejohn lewis reporting a loss, and saying that actually, brexit is causing consumers to be lacking confidence and not spending. And, interesting to look at tobacco stocks, in the light of that move on the part of the Trump Administration to say that it is looking to ban flavoured vaping products that are not tobacco related. The Semiconductor Maker is expected to post a rise in revenue for the third quarter, when it posts earnings after the close on thursday, that would be despite a slowdown across the chip industry in general, investors will be looking to see if the Company Reports any impact from the us china trade war, or the ban that prevents Us Government agencies from doing business is huawei. Business with huawei. It is expected the Consumer Price index for august increased, and an annual basis, inflation is likely to remain unchanged, 1. 8 . Joining us alpesh patel, ceo praefinium partners. This trade war, has been uppermost in the minds of investors ever since it began, more than a year old, what is your read, as to the significance of the development of the past couple of days, are we entering an endgame . I was interesting to see how optimistic you were about it, that this could be the beginning of the end. No, this is a negotiation tactic by donald trump. He will be dangling the carrot, i have come back from china, one thing is very clear, they really want these tariffs to end. Far more than the American Administration does. They are more than happy to play this right up until the election, this is way too early to declare peace, because you have still got over 12 months until the election, you need to do ita months until the election, you need to do it a bit sooner and so, look what i did. So, it is a negotiation tactic, dangling a carrot and then pulling away, probably in. Two weeks, then go back with more demands, that is when the next big tweet will happen. In terms of the European Central bank, many are saying, this is a big market event, they are expecting them to do various things, to help the eurozone economy but you are not so sure. There has been soundings, but where is the money coming from, where is the appetite, how much can they do. If they dont do much today, if they dont deliver more quantitative easing, or whatever, what happens . All the people in the market i have been speaking to, not a huge numberof market i have been speaking to, not a huge number of people, but certainly significant people who can make things happen, if they do not do it much, it is not going to cause anything more than a slight blip, i have been told. A ripple. We may even wake up from our trading desks, and then go back to sleep |j cannot believe that you would be sleeping at your desks. No time to sleeping at your desks. No time to sleep just yet, we will be hearing more from you later. Still to come, we talk about the business of menopause fashion. As more women work longer there is now a growing demand for work clothes tailored to what women are going through. Youre with business live from bbc news. You can do this one, you can do this one. The John Lewis Partnership made a £25 million loss in the First Six Months of the yeah with the Department Stores having a particularly tough time despite increased profits at waitrose. Boss Charlie Mayfield talked of challenging trading condition and said that brexit continues to weigh on Consumer Sentiment that is the boss ofjohn lewis. Catherine shuttleworth is a retail analyst from savvy. John lewis is having a tough time. Really tough time and does not look as though there is any great help coming to them soon. Consumers are spending less and i think confidence is really knocked. That is people who would normally spend a lot of money at this time of year but they have not done in the first half. Looking at the finer detail, seems like it is big ticket items that customers are holding back and making purchases of, john lewis seems to be pretty clear, it is brexit and the uncertainty. We can see Consumer Confidence is very low, people are not committing to spending significant amounts of money on things for their home and fashion items that are expensive, that will hitjohn fashion items that are expensive, that will hit john lewis fashion items that are expensive, that will hitjohn lewis hard. They also have the challenge that continued for them, the price match promise, they price match other discounters by debenhams and house of fraser, for example, heavy discounting was. One of the challenges for them is whether they can continue the never knowingly undersold promise that they have around those high priced tickets, and things like cosmetics, too. We know they have been working hard to adjust to the new retail environment, experience lead stores, given the unique ownership structure, it is effectively a cooperative owned by the staff, does that make it more easy or more hard for them to adapt to the future . There are two things there, they are making changes, making exclusive john lewis products and create experiences but that comes at a heavy cost and a high level of investment. The unique structure in some ways some have resilience for the future but also slows them down in terms of making quick reactions to the markets. It is a tough old time for them. Sorry to interrupt you, but we are running out of time. Just to say, Charlie Mayfield is the chairman ofjohn lewis, and the managing director is paula nicholls. Paula nickolds. This is how the markets are faring today, a little excitement about the us and china putting trade tensions behind them, with delays announced to the planned retaliatory tariffs that were going to come into effect, it is early days just yet, no sign ofa it is early days just yet, no sign of a firm truce on the cards just yet. Lets move on and talk about the menopause. Until recently it was a subject that did not get much attention, certainly not get much attention, certainly not the attention it deserves. However thats changed with high profile celebrities such as Oprah Winfrey and Julie Walters talking much more openly about it. With more women than ever before in work and for longer, businesses are having to think about their policies as many suffer from notjust hot flushes but also poor sleep, depression and other side effects. Our next guest saw the need to create a company specialising in clothes for women going through the menopause. Louise nicholson is founder of fifty one apparel. Thank you for being with us. What exactly have you come up with, as a solution for this . We have come up with a range of clothing, capsule clothing, that takes your heat away from the body and holds it, stores it, and when you feel cold, it will release the heat back, regulates the temperature. Very clever technology, it is used by nasa astronauts, by formula 1 drivers, and you have adapted this, it is all about the fabric. It is all about the fabric, the technology. When i came up with the technology. When i came up with the idea, it was because i was using it for totally different end use, i was listening to somebody on the radio talking about the problems his wife was having, actually, with the menopause, and i thought, i have some fabric, i will use it for making garments. For those of us who will never go through this and have not gone through it, dont know much about it, lets put into context what kind of issue it is. How overwhelming hot flushes can be for someone. Overwhelming hot flushes can be for someone. When i first came up with the idea, one of the other reasons i came up with the idea, realised it was a problem, we were in iceland, one of our friends was taking her clothes off, taking off layers, when everyone else was piling them on, and she said it is the hot flush. It wasjust and she said it is the hot flush. It was just overwhelming. She found it quite debilitating and a lot of women, since we have been doing the range of clothing, more and more women are telling us how it helps alleviate this issue. Now it has been discussed much more openly, as you say, there was an interview on the radio, bbc womens hour, radio four, in the uk, and within the bbc, many of us female members of staff, coming up to that age, going through it right now, we are talking about it right now, we are talking about it openly, what is out there and what can be done. Everybody hearing about what you are doing, extremely excited about the prospect. Looking at what you have got there at the moment, i am thinking, it is quite limited. It is quite limited but we have been going only since 2018, we are self funding, so we have to be very careful about managing budgets. We need to make sure that everything we produce had a wide reach, so, the colours, the styling, and it can be worn however you want to wear it. You supply fabrics to marks and spencer, that was what you were doing, and you still do. Why have they not got a range yet, you would have thought this would be perfect for the big names in the business. Have thought this would be perfect for the big names in the businesslj think for the big names in the business. think retailers like m and s for the big names in the business. think retailers like m and 5 do you do that but it is done with different technologies, or, i suppose, promoted in a different manner, there are probably garments out there, in retail, but nobody. Because you said earlier it is a turbo subject, i think a lot of people are worried to do that. Louise, what is your estimate, how big the market is, at any given time, for people going through this . What is it like trying to reach a market of that size . The market is, the potential is immense, a lot of people have this view, oh, we get on with it, and we willjust deal with it. It isjust making sure that people know there is a product out there for them. We have to leave it, thank you very much forjoining us. Thank you very much for having me the car industry is having a tough time around the world and particularly in india. The countrys finance minister is blaming millennials, who are turning to ride hailing apps such as uber or local rival ola, rather than buying cars themselves. Jagdip cheema has more from mumbai. The comments have caused a huge stir, she implied that slump in car sales was due to youngsters using right hailing apps such as uber, instead of purchasing their own vehicles. India car sales have gone in reverse over the past year, official data shows declining sales for the last consecutive months. The countrys Auto Industry is seen as the engine of the indian economy, employing around 35 million people, in the country. Some youngsters believe they are not to blame for the slowdown. In mumbai, i dont think that there is the space to park a car. We dont buy cars, because youngsters do not earn much. If we were earning really good, then definitely, we would love to buy cars. In india, we love swanky cars, we love technology, we love speed. Picking up on one of the key points there, cars being unaffordable, that comes as no surprise, especially given that youth unemployment is rising within the country. The country is also experiencing its slowest growth in six years and with that, many feel the finance minister has unfairly targeted the younger generation. We have quite a bit to squeeze in. Alpesh patel isjoining us again. Nicknamed operation yellowhammer, this six page document, has disclosed what we could be experiencing in the event of a no deal brexit. Experiencing in the event of a nodeal brexit. I have just come back from the far east, south korea, china, hong kong, it does not come up. Iwas china, hong kong, it does not come up. I was talking to a huge auditorium. Brexit . Yellowhammer . Operation yellowhammer would be too niche, but even brexit, this is Technology Companies looking to set up Technology Companies looking to set up here, and. We were saying fair, i would have expected it to come up a lot more, with anybody looking at this, they would think, arent they panicked, what is wrong with them . They are not the kind of companies, these tech companies. Some of them will be manufacturing, text is not just mean digital, some of them are looking at Manufacturing Products here in the uk. The benefits they see, you might say, they are misinformed, they are not watching this channel long enough, often enough, but in actual fact, this channel long enough, often enough, but in actualfact, i this channel long enough, often enough, but in actual fact, i would have expected them to do research. It does surprise me that it did not come up. Are you concerned . No, we are in financial services, it is a lot easier for us to handle it, and if we were in manufacturing with trucks. And also, as an sme, we are leaving it to professional advisers to tell us what to do rather than look at it ourselves. We have been asking viewers about vaping, donald trump talking about banning flavoured cigarettes. Some people saying, it is absolutely right that these flavoured cigarettes should be banned, young people particularly attracted to them, is there any evidence, christian harrison, to substantiate a ban . Any thoughts . Donald trump has had a look on the back of them and thought, maybe china. Lets have another one good to have you on the show. Im a little confused about that 1 . good to have you on the show. Im a little confused about that 1 . and good to have your company. We will see you soon. Good to have your company. We will see you soon. That is business life. Goodbye. Largely fine and dry weather, some warmth coming through as well, for today, we have the remnants of the former Tropical Storm, the ex Tropical Storm gabrielle, but as the name might suggest, some tropical warmth, really quite humid air drawing up from the south. Across england and wales. Scotland, northern ireland, a bit of rain around, edging further south, there will be sunny skies breaking through, further south, bit of rain, northern england, wales, in the south east, bright stars. Quite gusty conditions today, not quite as strong as they were yesterday, the winds. But you will notice how warm and humid it will feel for england and humid it will feel for england and wales, temperatures up into the mid 205. Not so much for scotland and northern ireland, the other side of the weather system, 15, 16 celsius. That band of cloud, patchy rain spreading further south. Warmth and humidity in the south, temperatures 13 to 15 degrees, further north, it would be quite chilly, going into friday morning. During friday, weather system moving into western scotland, otherwise, that system will move to the south, higher pressure developing. For most of us on friday, dryer, lots of blue skies. Just a few showers. With that sunshine, pleasant, not warm and humid like today, temperatures down bya humid like today, temperatures down by a couple of degrees, the sunshine will compensate. Into the weekend, High Pressure is there or thereabouts, to the north, we notice whether system is bringing a bit of rain into the far north of scotland, thatis rain into the far north of scotland, that is the exception rather than the rule, for most of us, the weekend is looking join with lots of sunshine. Looking dry. For most of us, it is another day of sunshine, and it will feel a little bit warmer. Temperatures coming up bya bit warmer. Temperatures coming up by a degree or so, 18 to 21,20 bit warmer. Temperatures coming up by a degree or so, 18 to 21, 20 two celsius. That weather system in the north gradually moving south, a band of cloud, really, pushing into northern ireland, northern parts, a bit more cloud around on sunday, further south, we have the best of the sunshine once again, temperatures 25 degrees in the south east. A little bit fresher further north, behind the area of rain, 15, 16 celsius. That is it for me youre watching bbc news at nine with me, annita mcveigh. The headlines the government says its already taken measures to address possible hold ups at ports, disruption to supplies of fresh food and medicines, and the potentialfor an increase in public disorder. Over the course of the last six weeks this government has taken considerable steps in order to ensure that if there is no deal scenario that we can leave the safest a nd scenario that we can leave the safest and smoothest possible way. Meanwhile, labour calls for parliament to be recalled after the no deal Brexit Papers are released. The number of people investigated for rape who go on to be convicted falls to its lowest level since records were first compiled, more than a decade ago. New figures reveal cancer survival rates in the uk are on the up, but still lag behind other