And the top story in the uk now on bbc news live to singapore for Asia Business report. Share prices slump on recession fears. Asian markets follow wall street lower as warnings are flashed. Walmart versus the trade war. How will it impact the worlds biggest retailer . Good morning asia, hello world. It is the first day, glad we can join hello world. It is the first day, glad we canjoin you. An hello world. It is the first day, glad we can join you. An exciting overnight action it was for us markets after they fell by 3 . The main indexes, the dow, the s p, and of course the nasdaq, and now asian markets are open for trading and they have opened sharply lower. The nikkei down1. 8 , and they have opened sharply lower. The nikkei down 1. 8 , and the all ordinaries giving back 1. 8 . This is all about fears of us china trade war. At the moment, the us Financial Markets have begun trading and investors have started selling. Wea k and investors have started selling. Weak Economic Data from
Fortune magazine summit in aspen colorado. This at two hours. Thank you. Moving on to our opening interview. This at one of our themes in our next story and conversation. I want to welcome the ceo to post mates. So far you appraise a court of billion dollars. Facing challenges in introducing us to a new friend. Please welcome bastion lehman. [applause]. Bastian hello. Welcome. Your Business Model at Pretty Simple. There are a few other business out there in the same area thats doing pretty well. Can you explain a little bit about how you approach innovation. Bastian good morning first of all thank you for having me i am excited for being here. We would like to compete not dollar for all dollar but at its innovation. I think in many cases at the smarter way to compete. Money at one angle and i think an important one but if they are not the most wellcapitalized player, i think you have to find alternatives. Thats what we do as a company at estimate. One of the innovations that we have he
We begin with the battle of the retail giants. Heavyweights from china and the us get ready to unveil there latest results. The chinese online giant alibaba will tell us how it performed in the first quarter. Then just a few hours later americas walmart, the biggest retailer in the world, will unveil its latest earnings. Investors will be looking to see if the companies have been affected by the trade war between the us and china. Alibaba, which is like amazon, paypal and twitter rolled into one, has a growing Cloud Computing service and announced its expanding its business to Business Service in the us. It is. 24 trillion, and alibaba wants a slice of that pie. Meanwhile, walmart is proving it can do business on the high street and online. The companys e commerce sales increased a1 in the last four quarters. Its also added 2,000 new brands to the website in recent months which has been a boost to profits as well as helping it take on rival amazon. But the big risk factor for both is t
Over the weekend. For many there will be some sunny spells but i have the black wind arrows on here to give you an idea that it is unusually windy, guts potentially up to 50 mph, particularly on sunday. Goodbye. Hello, this is business live from bbc news with victoria fritz and sally bundock. Retail titans alibaba and walmart get ready to unveil their their latest numbers amid the shadow of the trade showdown between us and china. Live from london, thats our top story on thursday the 15th of august. Are the titans feeling the burn . Retail giants alibaba and walmart get set to reveal the fortunes of retailing in china and the us. Also in the programme. Market turmoil recession fears spark a big sell off on wall street but asia pares back earlier losses. This is what we are looking at the start of the trading day in europe. You can see it is pretty flat but equity sliding a little the red. Into the red. Also, the street food explosion vendors and food trucks are one of the trendiest way
In by the government to decide. Including usman khawaja. Coming up on afternoon live, thanks, and well bejoining you for a full update just after half past. All the sport with jane dougall. Tomasz has all the weather. And Tomasz Shafernaker has all the Bank Holiday Weekend weather. Hot and sunny Bank Holiday Weekend on the way as promised, and the yes, the Bank Holiday Weekend weather. I will stick my indications are the warm weather could last a little while across the promised yes, i will stick my neck out and promised some fine weather. South. Thanks, tomasz. Temperatures again to reach or also coming up after over 130 years its exceed 30 degrees in the south this a nervous wait for bury fans, week. Thanks, tomasz. As the troubled Football Club also coming up, after over 130 years fights for its future. Its a nervous wait for bury fans as the Football Club fights for its future well hear about the financial pressures clubs face. Hello, everyone this is afternoon live. The french pre