The inside track on all this weeks big economic stories, including that trade row between boeing and bombardier with the bbcs top Business Brain simonjack. As ikea snaps up odd jobs app taskrabbit to help customers assemble their flat pack furniture, we want to know would you pay for the service orjust diy it . Use the bbcbizlive. We start in the estonian capital, tallinn, where European Union leaders are gathering for a digital summit. Theyll be talking about the opportunities of new technology but also some of the risks of increasing digitalization. Lets show you some of the details. Digital business is already the Fastest Growing area of trade in the eu. But it could be a lot bigger. The eu says almost 9. 5 billion a year could be saved by removing barriers to data flowing across borders. But there are also huge risks. According to the eu presidency, by 2019 cybercrime will be costing 2. 1; trillion a year. The challenge for Cyber Security is getting bigger all the time. Its estimat
Tracking wet weather to begin our day. Hi, krystal. Hi, rosemary. Yet again like yesterday morning a few sprinkles rolling across our area. The rotation of this moisture is from south to north and then its going to start to pull off to the east as we progress through the day. I think chances of rain are very limited and the best chances are going to kind of be against the jersey shore, some of the delaware beaches here, a lesser chance once we get to philadelphia and areas north and west. Still today kind of a dreary day yet again. Were talking cloudy with some fog this morning and those sprinkles in the forecast. Temperatures though markedly different than yesterday morning. Instead of 40s and 50z, most of us are starting in the 60s here. 60 in reading and allentown. Philadelphia at 60 and 65 atlantic city. So these temperatures starting in the 60s today are going to rise into the 70s because were starting that warming trend today. It will take us to the 80s for some by tomorrow. Lets
On the last few days. The ftse just starting up a little bit. Well take a look at what this means for prices at the pump. And following the vice like grip of the handshake between president s trump and macron, were getting to grips with the perfect greeting and asking how important is the handshake . Hello and welcome to Business Live. Yesterday it was nato, today its the g7. A different place, sicily this time, a different combination of world leaders, a different agenda. Lets take a look at why its important. These seven countries account for getting on for half of the worlds wealth about 46 . But many of them are struggling with comparatively stagnant economies. The International Monetary fund is forecasting the worlds economy will grow by 3. 5 this year, butjust1. 9 in the g7. Also high on the list of worries the rise of Trade Protectionism after President Trump came to power promising to put america first. The other g7 members will be pushing him to soften this position. Then ther
Fine for google. Also, fine for google. As packets of weetabix are inhabited also, as packets of weetabix are inhabited new zealand, we want to know what you cant live without when you go on holiday. Is it your pot of marmite or your tea bag . Its the tea bags for me. Let us know. Just use the hashtag bbcbizlive. Hello and welcome to Business Live. We start with more problems for British Airways. Thousands of passengers are learning that their flights have been cancelled because of an unprecedented 16 day strike by some cabin crew, which begins tomorrow, july 1st. On thursday, ba said most flights will operate as normal, but it has cancelled a number of long haul departures to and from heathrow. Short haul and flights from other uk airports are unaffected. So whats it all about . The unite union says cabin crew who have taken industrial action over pay in the past have been blacklisted losing benefits like staff Travel Concessions and bonuses. Ba estimates around 8 of its total cabin c
Hang seng index was weaker down 0. 8 . The shanghai was flat. European equities this morning, if you want to look and see whats happening in early trade, green arrows across the board. The ftse is flat the cac is up by a half percent. The dax is up by 0. 2 . Crude oil prices which were up once again yesterday, weve seen at least six sessions in a row of gains, up to 45. 28. Here are the big stories. Good morning Tesla Ceo Elon musk tweeting again. When asked about speculation on the release date for the model 3, musk tweeted news on sunday the model 3 is teslas highly anticipated socalled affordable model. Starts at 35,000. Musk says the production version of the model 3 will be unveiled in july, but still no official release date tlaes has taken in more than 400,000 preorders for the car. James bullard is retreating further from his formerly hawkish stance on rates. He said weak data undermined the feds plan and the central bank should take a more reactionary approach, if and when it