Shipping containers far onto the land, but all around here is an area thats been totally levelled. The loch ness monster gets some Scientific Backing a team says they could explain the nessie sightings. Hello and welcome im Christian Fraser in westminster, Michelle Fleury is in washington. Borisjohnson has told the country he would rather be dead in a ditch than ask the European Union for another brexit extension past october 31st. It should be, he said, the choice of the british people in a general election. Ahead of his speech at a Police College in West Yorkshire the Prime Ministers brother, jojohnson a government minister and mp, said he was standing down because he could no longer choose between family and the National Interest. Downing street said borisjohnson regarded todays speech as the opening gambit in a five week Election Campaign the only problem is, it is an election he hasnt yet been able to call. We are told he will ask mps again on monday to vote in favour of that gene
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
Lets dig deeper into what is going on in hong kong. Hong kong is braced for more demonstrations and a general strike called for monday and tuesday. The protests are the longest running political demonstration in the territory since the handover in 1997. Over the weekend, thousands of protesters blocked roads to the territorys main airport. Hong kong has a world class Financial Centre and stock market, and the tiny island has a gdp bigger than many industrialised countries. But its main bourse the hang seng has performed badly over the past month, with investors from the chinese mainland buying some 5. 1 billion of stocks. The protests are affecting the economy, particularly retailers. On friday, retail sales figures forjuly declined 11. 4 from a year earlier to just over 34 billion. Then theres tourism. Hong kong is one of the worlds most visited cities and the demos have been blamed forjuly monthly visitors numbers falling for the first time this year to 4. 8 from a year earlier to 5.
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
Stay with us for all the International News and business stories here on the bbc. And you can visit our website as bbc. Com news. Now on bbc news, live to singapore for Asia Business report. Huaweis blast list delay, the us ban on the Chinese Technology wont come into force for another 90 days blacklist delay. And hong kongs social media action. Twitter and facebook steak steps to block what they describe as a state backed Chinese Misinformation Campaign. Hello, and welcome to business report. Im sharanjit leyl. Well begin with huawei. The us has its ban on the company for another 90 days. It originally blacklisted the company in may, citing security concerns. It then granted a temporary permit. That was due to expire on monday. Well, everybodys had plenty of notice, theres been discussions with the president and the president has made clear in his announcements yesterday that he is very concerned about more dealings with huawei. Mr ross also said another 46 huawei affiliates would be