zooming exports and crumbling classrooms. the paradox of germany s lopsided economy. plus will iran stay open for business? conservatives pledge to roll back rouhani s reforms, as companies nervously await next week s presidential election. welcome to world business report. i m tanya beckett. also coming up, playing for big steaks. china agrees to buy us beef as trade talks continue. but first: we start in europe s economic powerhouse, because in a couple of hours‘ time, germany will release its latest gdp figures. growth is expected to have accelerated in the first three months of the year, fuelled by global demand for the country s exports, like cars and machinery. but it s not all cause for celebration. let me show you why. last year, germany clocked up its biggest ever trade surplus. that s how much more it exports than it imports. at $275 billion germany has one of the biggest trade surpluses in the world. it s a source of tension with its neighbours and allies. look
it s been a long week for barclays‘ ceo jes staley and it ends with him fooled into replying to an email he thought was sent by the bank s chairman but was actually from a prankster. we ll tell you what he wrote later, but first we want to know have you ever sent an email to the wrong person? just use #bbcbizlive. hello and welcome to business live. we start in europe s economic powerhouse, because in the last half hour germany has released gdp figures for the first three months of the year, and they show an economy that s accelerating. it grew 0.6% on the previous quarter. that translates to an annual rate of 1.7%. it s being fuelled by global demand for the country s exports, like cars and machinery. but it s not all cause for celebration. let me show you why. last year germany clocked up its biggest ever trade surplus, that s how much more it exports than it imports. at $275 billion, germany has one of the biggest trade surpluses in the world. it s a source of tension wi
seized in schools across england and wales in the past two years. also, dreams become virtual reality for one british tech firm. improbable manages raises almost £400 million in one of the biggest ever investments in an early stage european technology business. and. a close shave for paddle boarders in calfornia, after they re warned they re swimming next to 15 great white sharks. good morning. it s friday 12th may. i m annita mcveigh. welcome to bbc newsroom live. the labour leader, jeremy corbyn, is to give a major foreign policy speech in about half an hour s time in which he is likely to say that he doesn t see himself as a pacifist, because he would use military force as a last resort but that he believes military intervention has become far too common in recent times. mr corbyn was chair of an anti war group and opposed intervention in kosovo and serbia. he is also known to bea kosovo and serbia. he is also known to be a long term supporter of unilateral disarmam
steve rosenberg, bbc news, kiev. let s catch up with the weather. thank you very much. afternoon. i will start with a sunny note because there is a lot of cloud today but the best is across scotland, this weather watcher picture proves that. you can see from the satellite and radar showing the rain. a lot of cloud out there. a band of rain moving northwards this morning, didn t amount to very much. there s been a lot of cloud further south too. through the afternoon we will see rain returning in to the west country and towards wales. there will be some sunshine breaking through that cloud as it continues to thin and break in the next couple of hours. the m4 corridor northwards likely to see hefty showers developing, some heavy with hail and thunder mixed in. watch out if you catch one. warm and humid you will notice. there is that rain continuing to push to southern scotland. for much of northern ireland and scotland should and good deal of sunshine, especially western scotla
victims of cybercrime and any other offence. in the first eurovision song contest since the eu referendum, but to be published by the four brexit? against a bomb first, talk later approach. he said donald trump is making the world more dangerous, and he accused theresa may of pandering to an erratic president. our political correspondent eleanor garnier reports. this is the labour leader positioning himself as a potential world leader. not a pacifist, he says, instead pledging a robust, independent foreign policy. i would do everything to protect the security and safety of our people and our country. that is our first duty. jeremy corbyn is a long standing critic of military intervention abroad, the former chairman of the stop the war coalition, a veteran anti war campaigner. and on nuclear weapons, he s sticking to his tune. i m often asked if as prime minister, i would order the use of nuclear weapons. it is an extraordinary question. would you order the indiscriminate ki