Facebooks hugely ambitious plan to create its own Global Crypto currency has been under growing scrutiny since it was unveiled last month, and in a few hours time, the man in charge of the project will face a grilling from us lawmakers about what the company says is the future of money. Facebook says it wont go ahead with the launch of its libra crypto currency until regulatory concerns are addressed. The Digital Currency is particularly aimed at the estimated 1. 7 billion adults that the world bank claims dont have a bank account. China and india are top of the list. In a bid to convince people that it will be reliable, Facebook Says the currency will be backed by a reserve of assets, and has set up what it says is an independent body to oversee the currency, the libra association. Its 29 members include household names such as uber, visa and vodafone. But Central Banks have already expressed concern. Last week the boss of americas federal reserve, Jerome Powell, said libra raises man
Guarantees from the British Government to power its electric car future. The european markets look like this at the start of another session. We will explain what is moving the numbers, and why. And a cut above the rest, well hear how fashion entreupener left behind one of the biggest names on the british high street to set up her own high end clothing empire. Today we want to know. As one mum tells the bbc shes buying her children no new toys or new clothing in an effort overcome Online Shopping habit we want to know if your Online Shopping ever got out of hand . Is going cold turkey the only way to stop . What is your biggest impulse buy, that you have learned to regret . Let us know just use the hashtag bbcbizlive. Hello and welcome to business live. Many of you are getting in touch on that story. Join the conversation using the hashtag. The pressure continues to grow on facebooks hugely ambitious plan to create its own Global Crypto currency which it unveiled last month. The us tre
Peace plan his son in law launches it in bahrain. Just as our protest against it in the gaza strip and the west bank. Iran says it will further free itself from the twenty fifteen nuclear deal in defiance of new american sanctions. This comes as us President Donald Trump warns a round of overwhelming retaliation for any attacks. The wave here in france off the country is on orange alert the second highest temperatures are set to hit forty degrees later this week. Thank you very much for being with us. The first phase of the us President Donald Trumps middle east peace plan has been officially launched in bahrain representing trump out the workshop as the cold in bahrain his son in law. Jared kushner he said that. Agreement on economic pathway is a precondition for middle east peace. By direct message to the Palestinian People. Is that despite with those who have let you down in the past tell you. President trump and america have not given up on you division we developed and released. I
Democrat, nancy pelosi. Thank you for joining us. Im andre senior. Im alyana gomez. The move gives democrats two weeks to try to secure the border. Jesse joins us with how lawmakers are reacting. The specter of separating families, mass deportations, off the table for now. Today, mr. Trump seemed to move toward washington diplomacy but where policy mixes with peoples emotions, there is skepticism and hope, promised rates will never happen. In oaklands fruitvale district, the collective adult abilities to run pales in comparison to the reactions generated by President Trumps abrupt reversal on mass deportation this weekend. Everybody out here, even though they called it off, that dont mean they cant come back. Reporter saturday, mr. Trump used twitter, to reverse course, saying, quoteat the request of democrats, i have delayed the illegal immigration removal process deportation for two weeks to see if the democrats and republicans can get together and work out a solution to the asylum a
Hello, this is bbc news. The headlines. In the last half hour, its been confirmed that the moroccan boy trapped in a well for five days has died. His body was brought up by Emergency Workers earlier this evening. New appointments at number 10 as the Prime Minister shakes up his team after the resignations over Downing Street parties. Ministers in the uk are strengthening legislation that will force Global Social Media Companies to take down harmful content more quickly. A parent whose daughter took her own life wants the heads of these firms to be held to account. According to the press association, Prince Andrew will give evidence under oath next month as part of the civil Sex Assault Case against him. The queen hosts a reception at Sandringham House for members of the local community ahead of the 70th Anniversary of her accession to the throne. Now on bbc news, bitcoin has become big business and a major Talking Point around the globe. Big business and a major our world investigates