Flash floods cause chaos across england on the isle of man, a Major Incident has been declared. And coming up on the programme mps will debate proposals for a long awaited new law to better protect victims of Domestic Abuse. Ill be speaking to the labour mp, jess phillips, whos worked on the bill. Good morning. Welcome to bbc newsroom live im joanna gosling. The government will submit what it calls its final proposals for a new brexit deal today, with a warning there will be no further negotiations if brussels fails to engage with the offer. Borisjohnson is expected to tell the conservative Party Conference the plan is a fair and reasonable compromise that all sides can build on. While the official plan wont be published till later, the Daily Telegraph has published details of what it says are the proposals british negotiators are putting forward in place of the backstop designed to avoid a hard border on the island of ireland. The paper says the idea is to have some checks on the bord
The spectrum. We look at Asset Classes and gold and yen and, looking, of course, the geopolitics. In the meantime, this is what the data is telling us. A reminder for all of you americans, it is Independence Day. The markets in the u. S. Are closed, which means we are seeing a little bit thin trading, a selloff in risky assets globally as north korea claimed a successful Intercontinental Missile launch. Havens both advancing. You can see the vix a touch up at 11. 22. We will have plenty more on the markets but lets get to the first word news. Nejra speaking of risky assets, oil has halted gains after the longest winning streak after rude shows that opecs c production rose to its highest level in june. The increase came from libya and nigeria which are exempt from making cuts under the deal agreed between opec and its allies. Janet yellen was hospitalized over the weekend and luncheon for treatment of a Minor Infection and is heading home. Yellen was admitted on friday and released yest
Dollars in deals. We do it when our customers ask us, but it was a big first day. Were not greedy. Well see how the rest of the show pans out. I prefer to build airplanes and deliver them out this decade. Shares in aberdeen so i remembers as the firm becomes the biggest asset manager. Announcer youre watching Worldwide Exchange bringing you Business News from around the globe. And a very good morning to you and evening to you if youre watching in asia. Going to kick off the show, all about china growth. Marginally beat expectations, 7. 8 in the Third Quarter beat by the old china. The challenge for the country is whether it can change its economy to one driven by consumption. It was mapped out by the countrys leaders on friday. Some of the sweeping reforms included relaxing the one child policy, introducing welfare system reforms to help Free Movement of labor and encourage urbanization plus stepping up financial reforms to let Market Forces play a greater role. For more on the changes
Good morning. I am guy johnson. And i am francine lacqua. Excusesp is a bloomberg exclusive with former tesco ceo terry leahy. It is the watchmaker that is just dripping with innovation. We will head to the worlds biggest watch show to see what makes one start up take. K. Tic turkeys ruling party has come out on top in elections. Our middle east editor elliott in istanbul. Ve a huge victory, francine. Gone was once mayor here was once mayor of istanbul. More than it got in the last elections. The only crumb of comfort for erdogan is that he didnt win as many votes as he got in the last general election. That could give them some sort they come ton fielding candidates in the president ial elections due to take place in august in which ise minister erdogan expected to run himself. He spoke to supporters partye of his headquarters in im kara in ankara. A slew of corruption allegations have been dogging his party and him since september. He says that he is going to go off with them. Truste
A warm welcome back to countdown. I am anna edwards. Lets tell you what is coming up later this morning on the pulse we will be joined by the former tesco boss. He will discuss one of his newest ventures and share his thoughts on u. K. Business. Before all that, lets get back to our top story. What has been taking place in turkey. Prime minister erdogan has declared victory in local elections. Lets get to istanbul where we are joined by Elliott Gotkine. A huge victory for Prime Minister erdogan. Alongside thening mayoral candidate for a stengel where he won for istanbul where he once ruled the roost. His party was very much in play here. Questions, wasd he going to win more of the vote, would they hold off, would they hold onto istanbul . The answer to all of those questions, yes. He has scored the political equivalent of a hat trick. He felt emboldened yesterday when he came onto the dock any outside his headquarters in the turkish capital to greet thousands of cheering supporters. He