no more life in the fast lane for your web search? check your internet speed today, as many major websites are on a go slow in protest at us plans to scrap net neutrality rules. the boss of us bankjp morgan chase warns that what happens to banking jobs in london after brexit is no longer in the hands of the uk government. welcome to world business report. i'm rachel horne. in a minute, rico will tell us about an interesting deal in the music streaming world. but first: get ready to take a deep breath when you go online today because some of the most popular websites will be running slowly. companies like facebook, netflix, and amazon are taking part in a protest against changes being made to us rules which govern net neutrality. our north america technology correspondent dave lee explains. right now all internet traffic is treated the same, no matter it has come from, where it is going, what it is doing, that is something we call net neutrality. without it campaigners worry internet service providers will be able to intentionally slow down your internet connection and less you pay more for things like video streaming. or they warned that there could be some kind of internet fast lane where big rich companies could pay to make sure their sites load quickly but other smaller sites will be stuck in a slow lane instead. throughout wednesday major internet companies will be simulating what it would be like a slow down their websites in the hopes that americans will get in touch with their politicians to pressure them into supporting net neutrality. over 70,000 websites will be pushing people toward the fcc to make sure people toward the fcc to make sure people are hurt, and pushing voices to the members of congress. what we wa nt to the members of congress. what we want them to hear is net neutrality is wildly popular, which it is, and we wa nt is wildly popular, which it is, and we want them to stop trying to murder it. net neutrality some powerful opponents. that includes companies like verizon, at&t, ibm, cisco, nokia and crucially the head of the us federal communications commission has also spoken out against net neutrality. those who are against it say it adds unnecessary new regulation to the internet. they say net neutrality makes it harder for internet service providers to make back the money they invested in building the infrastructure that gives people high—speed internet. politicians, companies and the us public have until august 16 to make their views on the issue is clear. then the federal communications commission will make its final decision before the end of this year. with me is mike weston, founder of radiate b2b. thank you very much for coming in. just explain why the us can indicate as regulator is talking about rolling back these rules. it is a really good question. it is difficult to be very clear at about the exact motivation. what we know is that the head of the fcc, recently ta ken over, is that the head of the fcc, recently taken over, was a corporate lawyer for horizon. his recently taken over, was a corporate lawyerfor horizon. his interests are tied closely with those of the isps in the us. there is the line that for the isps, service providers, if they can charge for certain access, orfor providers, if they can charge for certain access, or for content to be provided quickly, that will allow them to invest in infrastructure which should benefit all consumers. that is one of the argument. exactly, yes. and who knows how much real need there is for that to happen? there is a view that the legislation put in place in 2015, just two years ago under obama, was something which was welcomed at the time by the internet community. and there seems to be... they want to roll back the unnecessary regulation, perhaps, but something needs to be in place. we have large popular websites like facebook on a go slow. why do they want net neutrality to stay? they are worried about charges from the isps that could interfere with the free flow of information on the internet. and the argument is about how much you wa nt the argument is about how much you want free internet that is not affected by the isps charging according to not just affected by the isps charging according to notjust revenue but also the other interest, because it is not quite as simple as, you know, isp verizon, that they might have interest in keeping content from certain providers that are part of their organisation or their network of partners. getting priority of traffic. it looks like there are these options, net neutrality at the moment, where everyone gets the same access without charges, or roll it back and websites have to pay to get content downloaded quickly. is there a third option? well, this is about how that regulation takes place. and what's happened is the isps have been given what's described as a type ii rating which puts them on a monopolies utilities tight approach. that is not the only way the regulation can come in. it seems to have been a clean way of doing it. since 2015 it is considered that net neutrality has worked very well. quite what will they hope to achieve by rolling that back? unless it is to provide unfettered chance to charge access on the part of the isps, it is hard to understand what other motivation could be there. ok, thank you very much for your time. a few weeks ago we reported that sony had started pressing vinyl records again. and now we have some news about a deal they have made in the world of streaming. rico hizon is in our asia business hub in singapore. rico, tell us more. well, sony music has just struck a licensing deal with streaming service spotify after months of tough negotiations. sony is the record label behind acts such as beyonce and adele, so the spotify agreement follows similar deals this year with universal music, the largest music company in berlin, which represents more than 20,000 independent labels, and this licensing arrangement with sonyjust cleared another critical hurdle. have i in its path to list on the stock exchange. as part of the arrangement, sony agreed to strip the spotify arrangements to spotify paying customers for two weeks, which allows spotify, which has never had a profit, to cut down the largest expense, royalty payments to the music industry. so this basically complete the package for spotify to eventually go public and list on the stock exchange. we look forward to it. thank you very much forward to it. thank you very much for that. the head of us bankjp morgan — one of the city of london's biggest employers — has told the bbc that brexit could easily mean thousands of his employees lose theirjobs in london. jamie dimon said there was no question that europe has more cards at the negotiating table. his words come as the new french government makes a pitch for bankers to relocate to paris after the uk leaves the eu, as our business editor simonjack reports. wish you were here — the pm of france rolled out his own red, white and blue carpet to the uk's finance industry. you have a message for london? a message for london? come to paris. here in the financial district there is a smell of blood in the water. there is a sense of the uk financial services industry was wounded by brexit and paris is being the most aggressive european capital of those trying to nibble away at london's dominant position in globalfinance. away at london's dominant position in global finance. france away at london's dominant position in globalfinance. france is bending over backwards to attract an industry its former president once described as the enemy. personal and corporate tax cuts, lose employment laws and international schools were all in the paris brochure. it is a list aimed squarely at international bankers like jamie dimon, chief executive ofjp morgan, who employs 16,000 in the uk. he has warned hundreds may go before brexit and today warned it could be just the beginning. we are at the negotiating table. you realise sometimes the other person has more cards. no question, europe has more cards. you once said 4000 jobs. you said that it might well be true. yes, for sure. it could be 4000 jobs? easily. iam hoping sure. it could be 4000 jobs? easily. i am hoping it will bejust a couple of hundred. we hope it is none. yes, the negotiating will determine how many. in london, giving evidence to the house of lords, david davis said the house of lords, david davis said the banks' need for quick answers was used as leverage by eu negotiators. another american banks have said, we will go to paris or frankfurt, even better luck to them. and they encourage the other side to hold back. there is no holding back the man of the moment, though, the new president emmanuel macron has an approach resonating with businesses both big and small, like the ones in this technology campus. we have a lot of start—ups telling us things like brexit or donald trump are factors into why they are looking at coming and working here, and obviously there is a huge macron effect as well with the president, i think for once we have a pro—business image. think for once we have a pro-business image. the french government is hoping that will make banks consider paris less a tourist attraction and more like a permanent home. that is it from world business report. you can get in touch with me and the team on twitter. face—to—face bullying is considerably more common than cyberbullying among english teenagers. that's according to a new academic study of more than 110,000 15—year—olds. researchers from the university of oxford say nearly a third surveyed were victims of some sort of regular bullying. jon ironmonger reports. this study of the largest of its kind ever conducted in england, suggests bullying is rife as ever. 0f suggests bullying is rife as ever. of the 110,015 —year—olds who were asked privately about their experiences, nearly a third said they were the victims of some sort of regular bullying. 12% of teenagers said they were frequently called cool names or teased. while around one in 50 suffered physical abuse such as being kicked, shoved 01’ abuse such as being kicked, shoved or locked indoors. this research echoes a feeling among many parents that bullying is worse now than when they were children. i knew people who were bullied but mostly it was more overweight all looked a little bit different. we think now with all of the social media it is different. there is also a lot of," it isjust better" but people don't really perceive how it might come across to others. i know it is around. you hope it isn't your child and that they don't bully either. despite a recent focus on so—called cyber bullying it was found to be far less common than face—to—face abuse. the study‘s waters said it was best understood as another avenue for bullies to target victims and they called for an urgent drive to help teenagers become more resilient. coming up at 6am on breakfast, jon kay and louise minchin will have all the day's news, business and sport. they'll also have more on the devastating fire at grenfell tower four weeks after the tragedy. tonight, the local community is set to honour those who lost their lives in the blaze, while mps are to hold a debate in parliament this is bbc news. the latest headlines: president trump's eldest son has said he didn't tell his father about a meeting last year with a russian lawyer, who was apparently offering documents that would damage hillary clinton's campaign and help his father get elected. opponents say donald trumpjunior should have gone straight to the fbi. there are going fears for the safety of civilians fleeing raqqa, as the battle to retake the syrian city intensifies. about a quarter of it is now controlled by kurdish—led syrian democratic forces, according to the us military. turkey's president recep tayyip erdogan has told the bbc that membership of the european union was not indispensable for his country, criticising the eu for being insincere. he also said he hoped for a free trade deal with britain once it leaves the eu and rejected criticism of turkey's record on press freedom. time for a look now at the international press. we start with the washington post website. a "category five hurricane" is how one anonymous donald trumpjunior ally puts the latest white house saga. reporting on those russia revelations, the article paints a picture of a trump administration under siege, using testimonies from people within the white house and people close to the first family. the great return of the olympics. le figaro looking at how paris will be hosting one of the upcoming games. paris and los angeles are set to stage the 2024 and 2028 events, provided they can agree which should go first. both want to host the earlier option. the guardian has an investigation alleging that big tobacco companies are threatening governments in some african countries in a bid to drive up their sales. the article claims some firms are demanding that health campaigns are watered down. a minijapan has sprung up in desert—like land in india, complete with karaoke lounges, and sushi and ramen restaurants.