Later well be live in davos where for the first time in the history of the event a chinese president will attend. Well be getting the inside track on what this tells us about chinas Global Business ambitions. And its being reported that flying cars could be about to take off for real. Today we want to know what sci Fi Technology you would like to see becoming a reality . Let us know. Just use the hashtag bbcbizlive. Good to have you with us. A warm welcome. Theresa may will today deliver a highly anticipated speech on the uks future outside the European Union. That will be in just a few hours. The speech will focus on Global Britain and how the uk can be an outward facing nation as it seeks new post Brexit Relations with its trading partners. Reports over the weekend suggest the british Prime Minister will use todays speech to signal the uk will pull out of the eu Single Market, although Downing Street described this as speculation. It was all over the papers on the weekend, various lea ks it was all over the papers on the weekend, various leaks of what her speech will reveal. This has had a huge impact on the value of the pound. On monday, the pound hit its lowest level for more than three months on the reports sterling dropping more than 1 to below 1. 20 before recovering slightly. The eu Single Market guarantees the Free Movement of goods, capital, services, and people but the uk government has indicated they will want to limit the movement of people as part of any brexit deal. Ca role Carole Walker has more detail. After months of pressure to tell us more about her brexit plan, theresa may will strike an optimistic note, telling us she wants a truly Global Britain, which gets out into the world. The Prime Minister may not be explicit but she will again signal that shes ready to take britain out of the european Single Market, and perhaps the Customs Union, too, in order to gain control of immigration and freedom from european law. I think its highly likely well be coming out of the formal structures of the Customs Union and the Single Market, just because thats the way we can really grasp the golden opportunities that brexit presents, not just for controlling immigration but also free trade opportunities. Shell tell eu leaders. But shell say she wants a new and equal partnership, declaring. Donald trumps offer of a quick, fair trade deal with the uk got the thumbs up from leading brexiteers, but whilst the President Elect said the uk was so smart to vote for brexit, those who disagree want britain to fight to stay in the Single Market. I think the Prime Minister must not wave the white flag and give up on our membership of the Single Market if she cares about britains future. If shes going to fight for britain and fight our corner, then she needs to fight to be in the Single Market even if we leave the European Union. She also needs to indicate that the final deal will be put to the british people. Theresa may will set out 12 priorities for a deal. But she faces two years of hard bargaining with 27 members determined to safeguard the future of the eu without britain. General motors is set to announce plans to invest about 1 billion in its us factories, according to the reuters news agency. The move is aimed at helping the firm create or retain more than 1000 jobs it follows recent criticism of the company by President Elect donald trump. In venezuela new larger Denomination Bank notes have been issued against a backdrop of spiralling inflation. The largest of the first three new notes is a 20,000 bolivar note. They were meant to be released in december and the delays have caused chaos as people queued for days to exchange their old bills. A south korean court will decide on wednesday whether the boss of samsung should be arrested on bribery charges. Lee jae yong is accused of paying around 36 million to organisations controlled by a friend of the south korean president. Its alleged that the de facto leader of samsung received favours that helped him gain control of the company. Two things are dominating business today, theresa mays speech and what is going on in davos. It is a big day there for other reasons but you found this story quite amusing, coming out of the swiss ski resort. Yes, somebody has decided to cash in on the low temperatures, they are given away free hats, seen as a good marketing tactic. I hope the hats have a nice bobble on the top, that is the trend. Also on the businesslike page, lots of information on what is happening with the e. On the Business Live page. Soon we will be speaking with the markets expert. Rolls royce is paying more than 800 million to settle a Bribery Probe with uk, us and brazilian authorities. The British Engineering group was accused of paying to win contracts in indonesia, china, brazil and other markets. Lets get the low down from Mariko 0yella are Asia Business hub. Such a well known brand name, some people are finding it shocking that they are paying such an enormous pine for dodgy behaviour . Critics have already come out to say that this deal shows that the uk government is not exactly serious about tackling bribery and corruption, but as you mentioned the agreements have been reached between the company and authorities in the uk and us. You mention china and indonesia, according to a joint investigation by the bbc at the guardian last year it identified last year that at least a dozen countries were identified where rolls royce had allegedly hired commercial agents to help secure high value contracts. The uk authorities started looking into this in 2012 with some deals dating back more than a decade. Now with these agreements it means that the suspension these agreements it means that the suspension over these agreements it means that the suspension over prosecution, provided that the company fulfils certain requirements. Thank you, mariko. Rolls royce making all the news for the wrong reasons last night and today. Japan had a tough time today, mainly because the yen has strengthened quite significantly for six days in a row versus the us dollar. Safe havens are in favour, the price of gold has gone up, as has the yen, that has Hit Exporters Trading in tokyo. The dow is down. Will the ftse 100 the dow is down. Will the ftse100 react when theresa may speaks . We will discuss that in a moment. We have uk Inflation Data coming out today which is very interesting given that lad mark carneys speech last night, the governor of the Bank Of England. Given that we had mark carneys speech. Lets look ahead to the day on wall street. It isa street. It is a shortened week in the us as monday was a market holiday. 0n tuesday Morgan StanleyWill Report Earnings and like us banks it is expected to have benefited from the volatile us markets around the president ial elections. The same thing will likely play out on wednesday when we hear from goldman sachs. We will also hear from citigroup on wednesday, the most international of the big us banks. People will be asking about the prospects for global trade during the presidency of donald trump, who has said that he will rework trade agreements. Ibms fortu nes rework trade agreements. Ibms fortunes seem to be rising from its cloud and Data Analytics businesses, but we will know for sure on thursday when they report. The weekends with the inauguration of donald trump as the next president of the United States. Thank you. Joining us is nandini ramakrishnan, Global Market strategist atjp morgan asset management. Thank you for coming in this morning. Sally was talking about sterling dollar, stirling had quite a sharp fall against the dollar yesterday, it is up slightly this morning, what factors are in play . The reality of brexiters coming forward with theresa mays speech today, there is nervousness and jitters in the market about what it means with the uk s nation ship with the eu under the parts of the world. Trade is such an important pa rt world. Trade is such an important part of the marketeer, currency is the way that the markets play out that nervousness. The governor of the Bank Of England, mark carney, spoke last night about what the Bank Of England might do in terms of interest rates, which is ha rd to terms of interest rates, which is hard to gauge. We will have the Inflation Numbers out in about 50 minutes. Your thoughts . A bit of a mixed bag, the high inflation is you would expect mark carney and the Bank Of England to tighten rates, then you have the other factor of brexit on the table weakening the pound, that inflation in the uk is 1. 296 pound, that inflation in the uk is 1. 2 at the latest region, expectations are for slightly higher. Factors in play are higher oil prices, a lower pound, that feeds into the british economy. He said the next move could be up or down, i read that and i thought it was not helpful, trying to plan ahead. It is difficult for businesses and consumers . Towards the end of the year because of how high inflation might get, when you look at some of what mark carney said, there is a lot of strength in the uk consumer and the Consumption Numbers are quite strong, people are still buying on the high street, ordering online and that kind of commerce is still going on. The next move for the Bank Of England should be up, but later in the year. Do you think we will stick at no point to 5 , which it is currently . Yes, and then maybe towards the ends of the year it might get higher. Do you think we might get higher. Do you think we might stick at 0. 25 . Remember that the Bank Of England can reduce quantitive easing and interest rates, it is watching the whole mix of things this year. Nandini, you will be doing the papers with is that the end of the programme, thank you. Still to come. China takes davos spotlight president xi jinping will today become the First Chinese leader to address the annual World Economic forum in the swiss resort. Were going to be discussing the countrys global ambitions later in the show. Youre with Business Live from bbc news. First news of a big deal in the tobacco industry. British American Tobacco has agreed the terms of a £40 billion deal for control of us rival reynolds, creating the largest listed tobacco firm. The uk company has been in talks with reynolds for months about buying the 57. 8 stake it does not already own. Theo leggett is in the business newsroom. Give us some more details . As you say, this deal has been in the thing for several months now and it is pretty easy to see why british American Tobacco is so clean on getting hold of reynolds, which is the maker of Camel Cigarettes is so keen on. Reynolds provides a good large chunk of british American Tobaccos annual profits, around 20 , so taking over the company as a whole, that is likely to go up. The United States remains the second most profitable Tobacco Market in the world after china, that sounds like Good Business as well. The reason the companies from other countries have been reluctant to ta ke countries have been reluctant to take control of American Tobacco makers is pretty clear, because there were litigation risks. A number of us companies were facing very large legal bills for their past record of how they marketed cigarettes. That seems to have gone away, to a certain extent. Then there is the e cigarette market, Electronic Cigarettes are becoming much more popular as governments start to cla m p much more popular as governments start to clamp down on other types of smoking and snuff etc. So vaping is becoming more popular, that is another potential advantage of the deer. Investors are not quite sure what to make a bit, shares were up yesterday evening, down at the opening this morning and now creeping back up again that is another potential advantage of the deal. Thank you, theo leggett from the business unit. I will play a quick word satiate a game with you, i say sausage rolls, you say. Greggs. Word association. Greggs has reported a strong end to the financial year, expecting full profits to be slightly ahead of expectations. You will remember last you that they opened 145 shops but they are a bit more cautious about they are a bit more cautious about the outlook for next year. Like many other retailers they are talking about an increase in prices in imports and concerns about inflation. You did that so well. The latest on greggs on business life, it is all that, regardless of the story. See you soon. Youre watching Business Live. Our top story, the british Prime Minister, theresa may, will give a long awaited speech later today setting out her strategy for brexit. In the speech she is expected to say she wants a full break from the European Union rather than a deal that leaves britain half in, half out. A quick look at how markets are faring. For london and for Currency Traders it is very much threading water at this point. The pound has gone up versus the dollar compared to this time yesterday, but it will be interesting to see what happens in the next few hours when she starts her speech which is take place here in london. The leader of the worlds second biggest economy is getting ready for a star turn at the World Economic forum in davos. Its the first time that xi jinping or any chinese president has addressed the global gathering and what he says about growth will attract a lot of attention. The country is keen to move away from heavy industry and sees tech as a good source of economic growth. It has launched an ambitious five Year Programme to boost its technology sector. There are around 780 government backed Venture Funds designed to boost innovation. Latest estimates suggest those funds have raised around 231 billion to pump into the sector. Dr kai fu lee is a former Vice President at google and now runs a Venture Capital firm sinovation which invests in start ups in china and the us. Welcome to Business Live. Thank you for joining welcome to Business Live. Thank you forjoining us from davos. So, president Xijinping Forjoining us from davos. So, president xi jinping will be speaking soon, what are you shope hell say . Well, i think with trumps election and brexit, the world is looking for leadership that will bring Back Globalisation and multilateralism and i dont know the Content Multilateralism and i dont know the Co Nte Nt Of Multilateralism and i dont know the content of president xi jinpings speech, but the fact that he is coming gives us hope that there will be strong leadership that will help globalisation continue rather than become stalled. China coming on to the world stage, just as this protectionist President Elect is starting his newjob in america at the end of the week and as were negotiating brexit, do you think that gives china an upper hand . Well, it is an interesting opportunity because china is now ready as very fast growing economy as well as a very strong tech sector. We at sinovation have invested in some of the Worlds Best Technology company and they are based in china and they are doing Face Recognition and we believe that tech readiness gives china an opportunity to take on a greater role worldwide. You, as a company, are focussed on china or the us when it comes to start ups and where youre investing. Are you concerned if President Elect trump does turn out to be fairly protectionist and anti china and how that will affect your business . Well, our investments are your business . Well, our investments a re 95 your business . Well, our investments are