elections, they have delivered but are they overconfident? we will discuss the matter. making sure you hire heroes, not zeroes. we'll meet the man who says tech is the best way to vet new recruits. asa as a whistle—blowing engineer wins $1 million for reporting a cruise ship for dumping waste, we want to know, would the chance of the big payoff make you more likely to blow the whistle? let us no. let us know... just use the hashtag bbcbizlive. hello and welcome to business live. some of the world's most powerful people from business and politics are meeting in berlin today. they also all happen to be women. it's part of an initiative called w20 set up by 20 of the world's leading nations. so who's going and what's it all about? attending the summit will be christine lagarde — the head of the imf, angela merkel — the chancellor of germany and ivanka trump, daughter and special assistant to the president of the united states. the group wants to highlight the issue of women's economic participation and empowerment while reducing the gender employment gap by 25% by 2025. they've got a big task on their hands — because if you just look at britain as an example — out of the bosses of the top 100 companies here — just seven are women. and the world economic forum says that economic inequalities between the sexes could take 170 years to close. the gap in economic opportunity between men and women — according to wef — is now larger than at any point since 2008. let's go straight to berlin, our ownerjenny hill is there. good to see you, jenny commie of god angela merkel and kristin the guard, but very powerful women, been in the light for a long time and it's interesting because some may say that they haven't done enough to reduce this gender it came back — pay reduce this gender it came back — pay 9313- reduce this gender it came back — pay gap. now we've got ivanka trump going there i wonder if she could invigorate these issues? perhaps so. there are suggestions that ivanka trump herself is committed to these aims. it is worth pointing out that aims. it is worth pointing out that a powerful women like christine lagarde and angela merkel have not been able to entirely progress this issue while they have been in their positions, one wonders how easy it will be for ivanka trump to do so. it is worth saying that germany is president of the g20 this year and has been looking at this issue. the w20 has been looking at this issue. the w 20 was set up in 2014 to address these issues. there's been a lot of talk. you have to wonder how much has been done in that time. germany is led by a woman. there was a move last year, a law was passed which means the 30 oh so companies registered here have to have a 30% quota of women on their supervisory boards. i am told that has been by and large mat is a voluntary code. 0ther moves are afoot, the families minister is keen to look at the issue of equal pay and so on. are we much furtherforward? issue of equal pay and so on. are we much further forward? not really. look at the aims of the w 20 and there's been a great deal of talk, today, i am told that members of various german women's organisations, having met many times are due to present to angela merkel some ideas for heads of state and demands about how to move forward. we must see what comes of that. as you say ivanka trump is here. she is due to take part in a panel discussion focused on female entrepreneurs and how they can best be supported. perhaps we will find out later what kind of key demands the w 20 can make of heads of states around the world. jenny, looking at one of those issues we mentioned, saying that the gap in economic opportunity between men and women is 110w opportunity between men and women is now larger than at any point since 2008, why is that? i'm guessing it is to do with financial crisis. my understanding is that when it comes to women in the workplace is a logjam at the top. they get to a certain point and then don't progress which is why in germany the focus has been on boardroom quotas trying to get more women into higher managerial positions and if you can't solve that it's hard for that to trickle down. the financial crisis may have had an impact. it will be interesting to see what this group of powerful women says today. the w 20 has been in existence for three years or so. it will be interesting to see whether angela merkel, who has herself come under fire for not doing more to progress women's rights across the board, she's got four or five women ministers in her cabinet but she isn't really known for her female friendly agenda. so it will be interesting to see what she comes out with and whether ivanka trump can invigorate that discussion. will talk to you soon, thanks for the update. do you know the pay gap between ceo women and ceo men can be a difference of about 35%? 0utrageous. let's take a look at some of the other stories making the news. the french carfirm psa peugeot—citroen is under investigation by french prosecutors for cheating diesel emission tests, according to reports. the reuters and afp news agencies say they have been told byjudicial sources that the company is being investigated for breaking consumer protection laws. psa says its vehicles have never been fitted with software to let its diesel engines deceive pollution tests. the founder of wikipedia is launching a service aimed at tackling the spread of fake news. jimmy wales says his new website will provide politically neutral journalism with an agenda driven by its readers. wkitribune is intended to be both ad—free and free—to—read, so will rely on supporters making regular donations. general motors has lost a legal bid aimed at protecting it from lawsuits over faulty ignition switches. the us supreme court, will not hear the carmaker‘s appeal, which argued that its 2009 ba nkru ptcy protected it from the claims. the supreme court decision exposes gm to potentially billions more damages over the switches, which have been linked to deaths and accidents. and alitalia workers have rejected a restructuring deal from the company's management and unions to save the ailing carrier, according to reports in italian media. more than half of the employees taking part in the vote rejected the deal, which involves 1,700 job losses and a 8% salary cut. the government says that there will be no alternative. so we could have more problems with the carrier and possibly more strikes. it might have been a strike at a shopping mall in dubai when the lights went out yesterday, did someone lights went out yesterday, did someone forget to pay the bill? 0ne of the largest shopping centres in the world was plunged into darkness two hours. shoppers were forced to use the screens of their smartphones! to navigate their way at! i reckon they went on shopping. that's the hard—core shoppers. when you are in dubai you want to spend. this chinese liquor company which makes the popular grain spirit baijiu is toasting some impressive results. leisha chi is in singapore. good to see you. have you tasted this, it's a grain spirit. i know you, iam this, it's a grain spirit. i know you, i am sure you have drunk your share! you need a steel stomach to drink baijiu. it is very strong. i've only had it once or twice. it will go down really easily for investors because they had good profit numbers. to give you more background, the company that makes baijiu is considered china's national liquor company. it reported a 25%jump in that national liquor company. it reported a 25% jump in that profit to $886 million for the first quarter. that beat its own forecast. because of those numbers we saw shares rallying by more than 4%. this comes after a tough period for the company because they were affected by china's anti—corruption they were affected by china's anti—corru ption crackdown. basically officials were not allowed to buy these $200 bottles of alcohol. now it seems it is doing just fine. thank you. a quick look at the markets. asian stocks hit an almost 2 year high overnight — investors feeling more encouraged to take risks following the results of the first round of the french presidential election. on wall street, all three major indexesjumped more than1 percent, with the nasdaq closing at a record high. it's almost 6000. european markets were pencilled for a strong start — yesterday france's cac 40 jumped 4.1 percent to post its biggest one—day gain in almost five years — with todays trade just 35 minutes and we have the details about wall street. america's number two wireless carrier at&t, coca—cola, mcdonald's, eli lilly and the pentagon's number one weapons supplier lockheed martin, outside of earnings there's still a lot happening, including the conference board that will be releasing its latest consumer confidence index. is expected to have dropped compared to the month before, new numbers will show you that home sales slipped last month and finally the chairman of the chief executive of citigroup will speak to shareholders and also take questions about the strategy at the company's annual general meeting. let's stay with the markets. joining us is simon derrick, chief markets strategist, bank of new york mellon. always good to see you. let's kick off at this. i'm annoyed with the markets because i think they are overdoing it with the french election result. they are being so smug because they are going, you know, this macron a man is going to win, marine le pen could not possibly win. well, brexit, people couldn't leave the eu and trump couldn't leave the eu and trump couldn't be president! last year we we re couldn't be president! last year we were hit by a lot of issues, the us election, brexit, the italian referendum, so at the start of this year, everyone will be on the sidelines. we won't know the issues that are coming. by the end of the first quarter when things didn't appear quite as bad, confidence came back and then they saw the story yesterday and that was another little box ticked, one less thing to worry about perhaps. a wall of money out there looking to invest and looking for good returns. are they being overly confident? your point is right. that was only the first round. and while the odds are against mr macron losing, if he makes some kind of mistake along the way of course things could go and from that perspective may be investors are being overconfident but i think that's just the stories since mid to late march that the confidence has come back and maybe it is blinding people to some of the issues and there. about president trump, we are awaiting some tax announcements from him, some investors hope it will cut corporation tax down, how likely is it that he could get that through? he's certainly been talking about it and the treasury secretary has been talking about tax changes and markets would love it if he perched corporate tax rate down, no question of it. the problems are that there are of it. the problems are that there a re lots of of it. the problems are that there are lots of fiscally conservative republicans there to get these points past. we will be hitting the debt ceiling for you as borrowings of this is going to be an issue. remember how hard he found to get health reform through? this could be the same story. if he does get through them the question is where does the money come from because quite clearly whilst he's hoping that it will be revenue positive over a decade, in the short term he still has to borrow the money and that will push interest rates higher in the us. simon, thank you for your time. short and sweet, we always appreciate it! we will meet the man who says this type of computing is the best way to vet potential recruits. you're with business live from bbc news. it's one of the biggest privately owned property groups in the world has just published its annual results. the grosvenor group, owned by the duke of westminster, is one of the uk's largest property owners and made profits of £79 million last year. mark preston is the ceo of the grosvenor group. mark, it is always good to have you with us. thank you for coming in. you're a good bellwetherfor the global property market. but let's start with the uk. we hear mixed reports and you brits love your property prices, but we hear mixed reports about the uk property market, it's up, it's down, it's going to be impacted by brexit. what's your take? as far as grosvenor is concerned, our uk business which is over half our global portfolio is concentrated heavily on london so where a particular segment of the market, but over the last year or two, it is not news that the market has been cooling and in particular, on the upper end of the residential market and we have quite a bit of exposure to that in london, it has been cooling for a while and in particular with the rises in stamp duty and the brexit chilling effect last year, we have seen those returns come down and we had anticipated that to a large degree and sold quite a bit in anticipation of that in the uk to fund future development projects in the uk and elsewhere over the next several yea rs. elsewhere over the next several years. let's talk about elsewhere. globally, what's hot, what's not, where are you going in or where are you leaving or getting out? we have been investing overseas. the strategy of diversionification is one that we have carried on. we are in north america and asia and australia. we're well diversified and that's the deliberate policy of ours. have you been getting out of regions or countries around the world ? regions or countries around the world? no, on the whole, we have been trying to enter new markets tarking the view that by being more broadly spread over the long—term we will balance out our returns. if you look at 2016, the uk results were poon look at 2016, the uk results were poor, but our overseas results were good and when flattered by the depression of sterling last year, we came up with an overall return of 8% which is pretty good. mark preston, thank you very much forjoining us. a story on costa and their owner being punished by shareholders for caution over consumer demand. both of them seeing share prices falling. you're watching business live. a reminder of our top story: leading women from the worlds of business and politics are gathering in berlin to find ways of boosting female economic empowerment. germany's angela merkel is attending as is imf chief, christine lagarde. the american first daughter is attending as well. a quick look at how markets are faring. we were expecting a strong start following on from the rally after the french presidential elections over the weekend and they're doing well. not up too high, but all in the green. there isn't a business or organisation in the world that doesn't have to get involved in recruitment at some stage. so let's get the inside track on how to find the right people. many companies turn to the hr or human resources industry which is worth around $453 billion worldwide according to the world employment confederation. one reason it's growing is because of the apparent trend for people to change jobs more frequently. linkedin found us workers who graduated college between 2006 and 2010 averaged nearly three jobs in their first five years of work compared to 1.6 for those who graduated 20 years earlier. it means companies have more time consuming reference checks to do. australia based xref says it has the answer with its cloud—based system. lee—martin seymour is one of the men who came up with the idea and is xref‘s chief executive. lee martin thank you very much for coming in this morning. explain to us how your company works and how it is dimp... more us how your company works and how it is dimp. .. more the dummies, us how your company works and how it is dimp... more the dummies, me! well, if you think about the traditional process of collecting references, it's done over the phone. it is an arduous process. many recruiters and hr directors just don't like doing it. it takes days to collect feedback on potential candidates and when we are short of skills we need tools like xref to be able to reduce that time to hire and help with things like attrition. myself and the other co—founder basically took the manual, arduous process, that's existed for hundreds of years, and decided to awe mate it in the cloud. and what happens now is that the process is centred around the candidate. so instead of an employer making phone calls over days to try and collect this feedback, they simply go to xref and they enter the candidate details and in 15 seconds and that's theirjob done until they collect the feedback back. the candidate adds the reference details into the application and the referees then get an e—mail to give that feedback back to the employer. because we're constrained by time here, you went public, you took the company public in 2011 to expand and go overseas, but the companies that pay y°u go overseas, but the companies that pay you the money, this is how you make money, but they have been doing this for hundreds of years. you said it yourself, so you have got to change that mentality for them to rely on this new technology? yeah, to correct you there. we listed at the start of 2016. we started in 2011. we had five years and three of those years were an education process. pounding the pavement, hitting the fond, trying to convince hr directors that the way they were taking references in the traditional way wasn't helping with privacy, discrimination, fraudulent references. it took us three years to get to our first employee and then another two to get to five employees. so it was a long mission to get to that point of going on to the xref. you're based in australia. you have an office in london and toronto. it sounds like it's going well. you listed on the stock market, 20 cents per share and you're at 50 cents. it hasn't been easy sailing, has it in when you move from a local start—up, despite the success we had in australia, we knew that we had a repcable model. xref offers its clients huge return of investment. 0ur xref offers its clients huge return of investment. our clients love using the product because it takes away the thing that they really don't like doing. but it knows no global bounds. so, you know, for us asa team, global bounds. so, you know, for us as a team, as a family, at xref seeing the growth over time is fantastic. but i think it doesn't come without its challenges. and i think sometimes you have to make the ha rd think sometimes you have to make the hard decisions and with listed on the asx, we needed a capital vehicle that would help us grow globally. we knew we had a global product on our hands and you've got to go all in and as we know, reward is directly proportionate to the amount of risk that you're prepared to take and i think, you know, the first five yea rs we think, you know, the first five years we earnt our stripes and it was lovely to list as a product with revenue, with clients with a successful part of the planet and use the capital raised to progress globally. if you can come up with a programme that can give, a 30 minute tv programme, an extra ten minutes, we will abuy that one. good luck with everything. here is how you can keep in touch with us. the business live page is where you can stay ahead of all the day's breaking business news. we'll keep you up—to—date with all the latest details, with insight and analysis from the bbc‘s team of editors right around the world. and we want to hear from you, too. get involved on the bbc business live web page, bbc.com/business, on twitter @bbcbusiness and you can find us on facebook at bbc business news. business live on tv and online, whenever you need to know. dominic 0'connelljoins us. he's going to give us his insight into the business stories. we asked you for your tweets after the story of the whistle—blower who exposed carnival cruises for dumping oil into the sea and got $1 million. richard said he would do it. nick said he would whistle blow for half that amount of money. lots of reaction. thank you for those tweets. the uk has a new whistle—blower regime. but it is nothing as generous as in the us. this is a british engineer, he got paid the money from the us fine. the us coastguard went to the coastguard. he takes home $1 million. they said he has no career? no, he quit. he saw this going on. took footage with his mobile phone and quit as soon as the ship got into southampton. he made money out of it. peugeot citroen, could we have another deysel—gate? of it. peugeot citroen, could we have another deysel-gate? they supply to everybody. everybody in the car industry. so always defied belief that volkswagen might be the only ones doing something about emissions and tests that go back years and years and it is hard to think that volkswagen are the only ones affected. peugeot and citroen say they have done nothing wrong. they don't use computer cheating software, but they are under investigation by the french authorities. you've left us with six seconds, dominic, what are we going to do? cheers, mate. bye—bye. hello. wherever you started the day, it was marketedly colder than what we have seen of late. that's not to say that it wasn't without its compensations the a glorious start for some, but overnight there was quite a bit of snow across northern and eastern parts of scotland, a dusting elsewhere especially on the high ground of northern ireland, parts of wales too, towards the north—west midlands the we continue with that cold theme for the rest of the day. this is the snapshot around about the middle of the day, early afternoon. after that dry, bright start, we will see the showers bubbling up. running up into the midlands. perhaps the heaviest and most likely to be wintry at this stage across the eastern side of england. northern ireland, fully exposed and the northerly breeze seeing those run down from the north and all the while across northern and all the while across northern and eastern parts of scotland, plenty of wintriness and there will be plenty of them as well. as we get on into the middle part of the afternoon you see that i'm not guaranteeing anybody a dry afternoon by any means at all. all the while the wind pulls on down from the north. so when you add in the strength of that, that's how it's going to feel. despite the fact that your thermometer may read 11, 12 or 13 celsius. we keep the showers coming. still the potentialfor wintriness and lying snow across northern and eastern parts of scotla nd northern and eastern parts of scotland running down the eastern high ground of england. that's how cold it's going to be overnight. so there could be a little bit of frost around first up on wednesday. there could be ice around as well. just bear that money in mind. again, a pretty decent start to the day for some spots, but right from the word 90, some spots, but right from the word go, we will have plenty of showers. again, some of them could be wintry in nature, piling their way down to central and eastern parts of england, but that high pressure tending to kill off some of the showers across the northern and western parts of british isles until a weather front topples its way in from the at labtic and thickens up the cloud and produces rain and i think we will get that into northern ireland too. what is going to be another cool day. come thursday, the winds just another cool day. come thursday, the windsjust beginning to another cool day. come thursday, the winds just beginning to crank around towards a slightly milder direction with enough cloud for a bit of rain. hello it's tuesday, it's 9 o'clock, i'm victoria derbyshire, welcome to the programme. 21—year—old james casling moved so many of you to tears last month as he described how football saved his life. he plays for qprs mental health team and this morning we've taken him to train and meet with some of their first team players. do say tuned for that — and keen to hear your stories this morning. did you find something — or someone — in life which helped you deal with mental illness?