Now it is time for World Business report. Battling to boost prices. Opec meets to check who is sticking to the rules on Production Cuts, as the price of Oil Continues to flag. And the business of birth. We take a look at the cost of delivery around the world, starting in turkey, which has the highest rate of c sections in the world. Welcome to World Business report, im sally bundock. Also in the Programme Financial markets start the week on a high in asia. And south korean courts are holding their Closing Arguments in the trial of samsungs jay y lee. For most of us, a Lower Oil Price is a good thing. It means it costs less to fillup ourcars, and if you run a business, transport and energy costs are cheaper. But for the countries that sell oil, lower prices is a real headache, which is why opec, the cartel 01 14 leading producers, has been trying to push up prices. Today and tomorrow, they are meeting in abu dhabi. Since january, opec and 11 other Oil Producing countries have been aimin
Shortly. And here at the London Stadium it was a disappointing night for Great Britain at these World Athletics Championships. There was heartbreak for heptathlete Katarina Johnson thompson, who was one of those who missed out on a medal. And coming to a street near you, the growing number of bikes you can rent and then leave anywhere when youve finished. And carol has the weather. Today A Band Of Rain Crossing england and wales, not getting to the far south east until later and the far south east until later and the Highgate Sunshine and showers, the Highgate Sunshine and showers, the heaviest of which will be in scotland. More in 15 minutes. Good morning. First, our main story. New laws which will give people more control over what happens to their personal data online are to be introduced. The government is billing the changes as the right to be forgotten. People will be able to ask for personal data or material they posted when they were children to be deleted. The bill will also r
In good jobs news from the us. This is what europe is doing in the first half hour of trading. Fuelling demand for more gas. We speak to the head of one of the worlds oldest private Exploration Firms about keeping the lights on around the globe. And as new York Based Company Wework Annoucne A 500m Expansion In Asia let us know what do you love or hate about your office. Tweet using the hashtag bbcbizlive. They very warm welcome. A lot to get through, including things you like or maybe do not like about the state of your office with the news that wework is expanding. Prosecutors in south korea are demanding a twelve Year Prison Sentence for the heir to the samsung business empire. Samsung covers all sorts of businesses, a conglomerate made up of different entities and is caught in the midst of a huge corruption allegation. Hearing in Lee Jae Yongs trial, the prosecution said he was the ultimate beneficiary of the crimes. The Corruption Scandal brought down the countrys former president.
This is daybreak asia. I am betty liu in new york, where it is just after 7 00 p. M. Charlie it is just after 7 00 a. M. In hong kong. It feels like summer. Quiet in the markets. We have the trade figures of china and the trade balance in japan. Betty those are the big numbers to watch. Big market moving event. In terms of here in the u. S. , it mergers of a focus on that may or may not happen and specifically a look at Berkshire Hathaway and what they may be eyeing out on the horizon. Oil Prices Energy prices in particular in focus. Despite the drag, the market still managed to get out the gain. We will go through that in a moment, but that is setting up for a slightly bullish tilt for you in asia. Yvonne let us look at how things are playing out here. Cpi figures out of the u. S. New zealand, we are seeing the stock with weakness. 7356. Wi, the traders are worried about the dollar edging up. The worst currency in the g10 space, ahead of the decision this week as well. We are seeing a
Brexit could make it worse. Good morning. This is bloomberg surveillance and im Francine Lacqua in london. Lets get to your markets. European stocks are down a little bit, dragged down by basic resources. They seem to be cooling off after recent gains, but the single currency is edging higher. Oil is significant because opec and nonopec producers are meeting in abu dhabi, talking about compliance cuts. Government bonds are bixed with the dollar. Meanwhile come over in south africa we need to look at rand. There is a secret ballot vote on jacob zuma, the president. I think we have the results of that voting at 1 00 p. M. U. K. Time. Reporter chinas trade surplus widened for a fifth month in july. It keeps the spotlight on a trade gap President Trump aims to narrow. Japan has recorded a 36th consecutive surplus, beating economist estimates. That was supported by returns on overseas investments and a trade balance the return to positive territory. North korea condemned the latest round of