One of the biggest Regional Airlines in europe, has been agreed by government and private investors. Ministers say theyll review air Passenger Duty the news was welcomed by staff. More on our web site bbc. Co. Uk news and the news app. Now on bbc news live to singapore for Asia Business report says for Asia Business report one debut stop us and ch officials says one debut stop us and chinese officials are said to sign part of a significant trade deal. Phase one was not we will find out what impact it will have around the world. Amazons jeff bezos it will have around the world. Amazonsjeff bezos arrives in india for a three day visit but is he being greeted with open arms . Good morning welcome to Asia Business report. Live from singapore with me, mariko oi. It does begin in the United States were a Big Development with china is about to ta ke development with china is about to take place. It has been nearly 600 days since the bruising trade war has started but the two countries us scheduled to call a truce later today. During the stand off, the us has imposed tariffs on more than 360 billion worth of chinese goods, while china has tariffs on about 110 billion worth of american products. With the signing of a phase i trade deal, we are expecting to see a rollback on some of these tariffs but of course the big question is, which ones and by how much . 0ur correspondence in new york and the shanghai and singapore tell us and the shanghai and singapore tell us what businesses are looking for in the deal. When the deal was first announced, us Financial Markets and businesses breathed a sigh of relief. In their eyes, it put the bra kes relief. In their eyes, it put the brakes on trumps trade war with china, stopping new duties from being introduced, even as it left many in place. As for the suggestion that china will buy 200 billion worth of American Goods over the next two years, experts i speak to say it is ambitious. That would require us exports to china to double over the next 211 months. A tall order. And there is scepticism that a second deal in which china surely changes its domestic policy is possible at all. Actually changes. Here in china, the government because my priority in these negotiations has always been to prevent the imposition of a further tariffs from the us. So in this deal, beijing has been successful. The big challenge now for some of chinas biggest manufacturers, particularly on the electrical side, is how do they deal with the tariffs that stay in place . Some are shifting production out of china. Others, though, are starting to come to terms with a fall in orders which shows no signs of being reversed. Here in asia, what Companies Want most from beijing and washington and the uncertainty the trade war has created. Business confidence has fallen and companies are holding back on investment and newjobs because they are not sure what is going to happen in the future. So a truce is definitely positive for now but it wont make that much of a difference on the ground, unless tariffs on both sides come down for good. But ahead of the anticipated signing just hours ago, us treasury secretary Steven Mnuchin said the us will keep in place ta riffs said the us will keep in place tariffs on chinese goods until there isa tariffs on chinese goods until there is a phase two deal in place with beijing. What could today be a beginning of the end of President Trumps trade war . We have been speaking to some us companies which have been effect. Relief cannot come 0011 have been effect. Relief cannot come soon enough for workers at this sawmill in pennsylvania. With china slapped tariffs on us ward, retaliation against american tariffs on chinese goods, business he had dropped 110 . This plant alone let go of 15 people. Now only runs one shift today. 67 66 employees here, this is our lives. We come to work every day to make a great product to put out there and if we cant sell our product, you wont be able to make our product. Northwest hardwoods which operates the mill has had to close operations in several states. The ceo says if the trade war doesnt end soon, it could be the end of the timber industry. Jobs that are being severely impacted are those Rural Communities have been built these sawmills for decades. That will continue to feel the brunt, the impact, of a lack of trade with china. It wasnt meant to be like this. Donald trumps picture the working men and women of states like pennsylvania was that if he imposed tariffs on imports from china, theirjobs would be protect it. They and their employees employers would drive. Will ijust announced they would increase ta riffs announced they would increase tariffs on china and we wont back down until china stops cheating our workers instilling ourjobs and that is what is to happen. I have just announced. We dont have to do business with them, we dont have to do business was not we can make the product right here if we have to, like we used to. Despite two years of tit for tat tariffs, the us economy keeps growing and the Unemployment Rate has been at record lows. But the trade war has met damaged many industries, particularly in manufacturing and agriculture where so many of trumps supporters work. Finally, President Trump and president xi have agreed to at least a truce which should be good news for Companies Like north west hardwood. But executives and workers across america may be left wondering if the end of the trade war was worth fighting it in the first place. Now to india where the first place. Now to india where the boss of amazonas jeff the first place. Now to india where the boss of amazonasjeff bezos has arrived in delhi as he tweeted. He highly anticipated visit comes at a time when competition in the e commerce space is time when competition in the e commerce space is heating up and the Indian Government has been scrutinised that make scrutinising amazons business. Jeff bezos is coming to india at a difficult time for his company. Just this week, the competition organisation of india said it will launch an investigation into the steep discounts as well as exclusive deals offered by amazon. This is based on a complaint filed by Retailers Association here in delhi. Major Trading Association has also threatened nationwide protests against amazon during jeff bezoss visit. The all India Traders association which represents about 70 million traders has in the past taken issue with E Commerce Companies offering steep discounts which they say affect and threatens their businesses. 0ne retailer is also being investigated for the same reasons, as the in delhi indian regulator says, it threatens competition laws. It has been a tough week for walmart, the Worlds Largest retailer in india as well, as it decided to sack over 50 Senior Executives as part of a major restructuring plan. Wills Main Business in india is wholesale trading and while it wants to expand its footprint through it e commerce venture, it has been held back because of indias strict rules meant to protect its local businesses. While in india, amazons jeff bezos is expected to meet Prime Minister at Narendra Modi and other senior government officials and he is expected to discuss those e commerce and fdi rules which are making it difficult for foreign eat tailors to expand in what is a very promising indian market. Etraders. Let us stay with amazon because the company says it is bringing back fedex for delivered deliveries for some of its prime orders sold through third parties. It banned the Freight Service over the holiday period because of its performance and that court and businesses offguard during the busiest shopping season of the year. Now, did you know there is a list of people, companies and governments that are banned from the Global Financial system . That are banned from the Global Financial system . Tracking that are banned from the Global Financial system . Tracking those on the blacklist is a full time job. For banks, if their system were to let and transaction slip through, hefty fines and reputational damage could follow. So how can they stay ahead and prevent such a mistake . Earlier i spoke with the person who works with Financial Crime screening unit. We provide the assurance to the banks that they have the latest lists, are working on them, monitoring the changes on a daily basis and making sure that it is indicated there rapidly to various financial institutions. We also provide the technology to digester those lists, making sure they are implemented within a very fast turnaround time. When these sanctions are imposed, how quick kill sanctions are imposed, how quick kill how quickly do they get imposed . Kill how quickly do they get imposed . Is kill how quickly do they get imposed . Is it efficiently or other differences depending on different governments and different departments . Does vary based the source departments . Does vary based the source of the list, whether it be Government Entity or multi Government Entity or multi Government Entity, but it is to go fast as possible. As far as implement in changes will stop the regulators are vague on purpose and just think everybody does their best job. As a wrench mark, we think banks have between 211 and 48 hours banks have between 24 and 48 hours to make sure they are up to date. Meaning sensually updating the systems. Essentially. Meaning sensually updating the systems. Essentially. They could bea systems. Essentially. They could be a hefty fine to pay . Mistakes are definitely high and the regulators are looking at not only do the banks keep up but do they keep it in a very high sophisticated manner. It depends on the list but it also depends on the list but it also depends on the data. That they themselves ask the entities, lets say i transfer money across the border to you, have they asked me the right questions to start with . So it is really gathering the data from the list but also from the transaction itself. That is it for the programme. Thank you for watching. This is bbc news, the top stories this hour in an exclusive interview taiwans newly elected president tells the bbc the island is already independent and theres no need to declare it formally. The impeachment charges against President Trump will be sent to the senate on wednesday. A trial could start within days. Flybe, one of the biggest Regional Airlines in europe, has managed to strike a rescue deal with its investors and the government. Shareholders, including virgin atlantic, have agreed to put more money into the loss making airline and ministers have said theyll review air Passenger Duty which had added to the firms losses. Our Business Editor simon jack has more. Flybe lives to fly another day. News that the airline will continue operating was greeted with great relief by workers and travellers this evening in exeter. Absolutely ecstatic, yeah. Im really happy, for myself and my partner works for flybe so, yeah, its really, really good news for everybody. Thats amazing, that is good. Yes, yes, definitely. We all need these smaller airports and these smaller aeroplanes as well so its wonderful. Flybes shareholders, which include virgin atlantic, have agreed to put in extra money in return for the government reviewing in other words cutting taxes on Domestic Airlines. Hearing that things like air Passenger Duty will be reviewed was very interesting for them. Of course it will be reviewed for everyone. And ensuring that the way our regional connectivity works, that we can level up communities, make sure our union is strengthened, those individual, Regional Airports are easy to get to and properly connected, those were the sorts of things which were concerning flybe. So, what happened to flybe . It has been struggling for years. It over ordered planes, had it failures, and, most damaging of all, saw fuel costs rise in dollar terms while sterling fell amid brexit uncertainty. But what pressure will the government face given its environmental targets . Flying may be faster than road or rail but it emits a lot more carbon so news the government is considering cutting taxes on Domestic Airlines has angered climate activists. Aviation is the highest carbon form of transport and we know that we need to be cutting this because we are living in a climate emergency. We need to be moving away from that and cutting air Passenger Duty is just going to make aviation relatively cheaper compared to other forms of transport. Its absolutely the opposite of what we need to be doing. So what is air Passenger Duty anyway . Just check in your bag you dont have any Dangerous Goods with you . Well, it is a tax that every passenger pays when leaving a uk airport. It adds £13 to the price of every domestic flight. Airlines claim it damages the industry and flybe is tens of millions of pounds in arrears. Most controversially, in this deal the taxman has agreed hello, im marc edwards, and this is sport today, live from the bbc sport centre. Coming up on this programme baseballs sign stealing scandal continues, as the Boston Red Sox fire manager alex cora. The argentinianjob. Lo celso and lamela combine to give tottenham a hard fought victory over middlesbrough in the fa cup. And setien settling in nicely. We hear from the new barca boss as he takes training for the first time. Hello and thanks forjoining us here on sport today on bbc world news