05/09/2016 BBC Business Live

This is Business Live from BBC News with Ben Thompson

How will Brexit Britain trade with the rest of the world?

As the G20 summit in China gets underway, Britain's Prime Minister

faces tough questions over post brexit trade.

Live from London, that's our top story on Monday 5th September.

The Prime Minister has also questioned the effectiveness

of a points-based system for controlling immigration warning

We'll be live at the G20 for the latest.

As Apple prepares to unveil its new handset this week

amid the scandal of its tax affairs, Samsung counts the cost of one

And it's a new week for the markets in Europe - and this is how they're

And harnessing the power of the sun - and private investors.

We meet the firm that's luring international backers to fund solar

energy projects across South America.

And as HSBC says it will let you scan your face instead of typing

in a PIN number or security code, we want to know -

how safe do you feel banking online?

A second day of meetings is being held at the G20 summit

Talks have of course bee dominated by Britain's Brexit vote

with the Prime Minister Theresa May questioning the effectiveness

of a points-based immigration system for EU migrants

At the same time she's also been attempting some fancy diplomatic

footwork to try and persuade the world's major powers to strike

free trade deals with the UK once it leaves the EU.

The host nation, China, is also using the summit to increase its say

in running the global economy and promote its new regional

In an exclusive interview with the BBC, our China editor

Carrie Gracie asked the bank's President, Jin Liqun,

if China was the right country to be pressing the argument

You know, it's not possible for you to urge somebody to do

something while you yourself don't do it.

Yeah, well, that is my point, really.

China's reform will not get stalled, and, he said, we will not make

Some of the observers of China's policies will say, well,

talk is cheap, their argument being that if you really want China

to help kick-start global growth, then to dismantle the huge,

sclerotic, state-owned enterprises, and to provide more access

for China's own private enterprises, and for foreign enterprises,

You know, I'm a Chinese national, you may say I'm biased.

But we aren't just doing the talking, we are

And talking is cheap, but action is certainly

But it calls for both parties to do the same.

That is why I think G20 in Hangzhou is very, very important.

Now, these kind of discussions, or talkings, quote-unquote,

Later today China and the UK will sit down to discuss China's

investment in Britain's nuclear-power station. Earlier I was

speaking to Robin Brant and I ask them, is Brexit the talk of the

town? I think it dominated the discussions between Theresa May on

her international debut. President Barack Obama yesterday made no bones

about it. Even though there is a special relationship between these

two countries, he said the US was concerned about any adverse effect

on trade between the two nations as the UK tries to extricate itself

from the European union and he reminded Theresa May that the US

thinks it is more important to reach a free-trade deal with the European

Union and its Asia Pacific partners first. In reality, yes, Britain is

at the back of the queue when it comes to a deal with the United

States. But Theresa May, she will sit down with the Chinese officials

to talk about Hinkley Point. I wonder if China will be able to

reassure over the security concerns, which is the reason why we think

Britain delayed this deal. I am not sure if there is much more that

President Xi Jin Ping can do to reassure her. But there are concerns

about national security and worries about the malign influence that

China may have down the line if indeed it is to be in control of

these very important infrastructure things, like new nuclear power

stations. But make no mistake, this stations. But make no mistake, this

is an important issue further. Chinese, crucially, it is absolutely

important for them that they show the world they can do big, high-tech

infrastructure stuff like this. The fact the Prime Minister has put the

agreement on hold is a source of concern for them. And look, there

will be no decision here at the G20 from her. They will have to wait for

that but she had to reassure them that she is being there in this

reassessment. But there are some on the UK site, senior figures telling

me that they believe this is a dangerous time for UK China

relations and even the idea that some are mooting around the Prime

Minister that you can separate the two issues, this person today said

that that kind of suggestion is idiotic. Robin Brant, at the G20

Summit, talking to me earlier. We will be talking to him over the next

couple of days, hopefully. In other news, Malcolm Turnbull, the

Australian Prime Minister, says he wants to negotiate a strong

free-trade agreement with Britain. He was speaking to reporters on the

sidelines of that summit. That would be good, a trade deal with the

Aussies! Formula 1 has a new owner -

after a deal worth $8.5 billion. John Malone's Liberty Media

is to make the first of two payments tomorrow that

would finalise the deal. The German magazine Auto Motor und

Sport said the deal had been confirmed by F1 chief executive

Bernie Ecclestone. The sale allows US private equity

firm CVC Capital Parners, And it was a race of a different

kind through the streets The city hosted its first

Drone Festival on Sunday, including an international race

along the Champs-Elysees. While drones are increasingly used

by French security services, civilians are forbidden from flying

them over Paris without Drones over Paris. Should we do the

life that? -- live page. There are special coverage on our live page

Brexit Britain. We're talking about the applications of what happens to

the UK after the vote. As we have been discussing, there is a lot

being discussed at the G20 about what trade deals would look like and

what relationship the UK would have with the rest of the world and we

have had some timely advice from Japan.

Japan, this is the country that has had deflation for 25 years, that has

thrown the kitchen sink at its economy, basically? Giving advice to

us? You are suggesting it is a little bit rich? What about the

Obama saying we are at the back of Obama saying we are at the back of

the queue? He is gone in November. And it could be a Trump presidency,

where things will look very different. We're being told to move

on so let's move on. It is not an easy ride for of us, nor for South

Korea's shipping giant, Hanjin. They have been hammered. Investors not

reacting well. It is South Korea's biggest and the world's ninth

biggest. I wonder, Hanjin is a consequence, one of the victims of

what is happening around the global economy. We are shipping less stuff.

That's right. Hanjin's problems are sent a matter of what is facing the

entire industry. And to correct you, it is the world's seventh biggest

line. But this is the first time they have traded since filing for

bankruptcy. It sunk by as much as 30%. Investors are not feeling

positive about the start because that is the daily limit. The shares

are at their lowest since 2009 and the company is filing for court

protection in as many as 43 countries. Why? Because half of its

shipping fleet and its contents are in limbo, stranded because creditors

have either seized the ships or the ports have refused to handle them

because the workers are afraid they will not get paid. What does this

mean? You might not be able to get your TB, handbag or couch because

they would be stuck on one of those containers. -- you might not be able

to get your TV. Look at the numbers and things are starting pretty OK,

but bearing in mind that there is a lot of central bank action that is

keeping the markets on edge. The Nick Cave at a high not seen for

three months following some volatile trade. -- the Nikkei at a high. Not

a huge amount moving the markets but more economic stats coming in this

morning that we will keep an ion. As I said, Wall Street is closed today

but we have got the details about what else has been happening

stateside. Monday is a holiday in the US and

the markets will be close. There are still a few things happening to keep

us going. On Tuesday, Congress returns from a seven-week recess

with only a few weeks left to pass a stopgap spending bill to keep the

government running before funding runs out on September 30. On

Wednesday, Apple holds a keynote event and company executives will

likely present the new iPhone seven. And the new Apple watch, and

improvements to its operating system. And Barnes Noble will

report earnings on Thursday. It has been trying to attract shoppers by

expanding its offerings to include toys and craft brewing kits as a way

to reverse its seven quarters of sales decline. Finally, a fun fact

about Barnes Noble. In July, the company said that Harry Potter and

accursed child became the company's most reordered book since Harry

Potter and the deathly Hallows in 2007. The new iPhone seven on

Wednesday, potentially. Joining us is Manji Cheto,

Teneo Intelligence, Great to have you with us, as

always. Where do we start? Samir was taking us through the week ahead. If

we look back to last Friday, jobs numbers, we always focus on the jobs

numbers, and the American central bank. What do the job numbers tell

us about the Fed's decision on racing or not raising interest

rates? The markets are incredibly divided on the latest figures. It is

broadly on trend. US jobs are doing fairly well but actually the numbers

came out just below expectations. Broadly, we are seeing the markets

reacting, perceiving that the September rates hike is not going to

happen. But some people are actually saying, well, we might actually get

something happening and effectively what has happened with SMP 500, we

have had no movement for 40 days. Clearly, everyone is sitting on the

fence and thinking that we don't know what is going to happen with

the Fed's decision. You are coming back later to take us through

of the stories in the newspapers. We of the stories in the newspapers. We

will see you shortly. Still to come, we are going to talk about solar

energy and the firm linking energy and the firm linking

international investors with the international investors with the

power to harness the sun. Stay with us for that.

Thousands of people in the French town of Calais are expected

to blockade the port this morning, to demand the closure of the migrant

Later today, lorry drivers, businesses and trade

unions will form a human chain blocking the port.

Immigration is a key topic in Britain's Brexit talks -

but Prime Minister Theresa May has raised doubts over the value

of the so-called points system used to assess the value

We are joined from Calais by the BBC's Richard Galpin.

Richard, lots of disruption expected today. That's right. We can swing

the camera out now over the motorway, and you can see that this

is the main motorway leading into Calais. Certainly the inbound

carriageway is pretty much down to a trickle of cars coming through,

because the lorry drivers are already on the motorway and they are

basically on a go-slow, letting just a few cards through, but down to a

trickle. On the other side, you can see a line of tractors because

farmers are going to join in as well. There is a group of them

there, lined up and ready to go. They are still on their way towards

Calais as I speak. Yes, we are respecting a lot of disruption on

the roads and also, as you were saying, without human chain that

will be on the roads, leading to the port itself. The expectation is that

during the day and we do not know during the day and we do not know

how long this will go on for. Certainly the organisers have talked

about continuing it if they do not get the response that they want from

the French and British governments today. I.e., that they would agree

to close down the migrants and refugee camps here in Calais. Then

they are threatening to continue with some kind of action and we do

not know whether that will be a further blockade or some other

protest but they are talking about continuing these protests. Good

stuff, Richard. Thank you. We will keep a close eye on that. Richard

Galvin at Calais. Calais is the focus of a lot of

debate to do with Brexit Britain, with regards to the immigration

checks, which side of the border should those checks be carried out

on? It is Brexit day, there is a special report on the website about

Brexit Britain, check it out. Australia's Prime Minister Malcolm

Turnbull has said he's determined to support Britain after Brexit

by creating a strong free trade Later today, the British PM

Theresa May will meet the Chinese leader Xi Jinping for their first

talks since she postponed building a nuclear power station in Somerset

using Chinese investment. That $8 billion. I hope she can say

the word nuclear better than I can! A quick look at how

markets are faring.... The start of the new week in Europe,

not a huge amount of movement, but we will keep a close eye on that.

The pound and dollar have been pretty volatile. It is rising a

little bit, the pound. The pound has been going up, the

biggest jump in 25 years. Meeting rising energy demands

will be one of the biggest challenges facing our world over

the coming decades. Energy demand from less economically

developed nations is predicted A lack of funding is traditionally

one of the biggest barriers But one recently-launched company,

Faro Energy, is hoping to make a particularly big impact in Latin

America. It links firms needing power

with global investors Sarah Chapman is the Chief

Executive of Faro Energy. Hello and welcome. Let's pick on how

it works, first of all. It is an interesting concept. You are

bringing together businesses that need power and investors who have

the money to put into it. In places with a lot of sun, it seems like a

no-brainer, but it is a lack of funding. Exactly, that's right. Most

businesses and energy consumers are used to paying for their energy as

they use it, paying the bill every month. If you want to do so luck on

the U have to do so love. That big upfront cost is a real barrier to

people taking it up -- if you want to do solar, there is a big upfront

cost. We provide solutions to commercial clients so they do not

have to pay for it upfront, they continue to pay for their energy as

they use it. You are stumping up the cost first, but they get the money

back. Instead of paying the energy bill, they pay us instead. The

investors invest in your company. Yes, they invest with us. What is

the climate like so to speak. To find, you know, for investors in the

solar energy at the moment. There is a lot of energy and enthusiasm about

investing in the environment. We have seen the Paris agreement

getting ratified. There is recognition that the global energy

system is changing, and changing really quickly towards renewables.

There is a huge business opportunity, attracting the terms

without the need for subsidies, which is very exciting. We are

seeing investors coming into this market, it is still quite early

days, we are still seeing more adventurous investors, we're hoping

that over time the more conventional investors will be coming in. Looking

at the finance aspect, one of the biggest issues is land, getting

landowners to cover their land with solar panels. How would you do that

was Mike clearly the financial return is quite attractive, but

there must be an element of having to persuade people to hand over the

land? One of the big things that we do his rooftop solar, we install

solar on the roofs of buildings that our customers have. That means they

haven't got to make a choice between, I going to grow crops or

install a solar system? It is on their roof, an area that they are

not using. Is that big enough, the solar technology, I know it is

pretty good, coming from Australia, I have lots of family who use it.

But can you cover a roof and that will supply every bit of power

needed? It really depends on what kind of business it is and how

energy intensive it is. We are just about to start building a system or

a roof over brand-new aquarium in Rio de Janeiro, and that will cover

about 20% of the aquarium's energy usage. Which is a fair amount, it is

not its total energy usage, but a big chunk. That is Latin America,

while at in America, and what plans for elsewhere? The first reason is

that it is really sunny. About twice as much solar resource that is in

the UK. The other reason is favourable legislation, a good place

to do business. There is a lot of need the new energy generation

capacity over the next five to ten years. There is also huge

opportunity for this in many other countries around the world. We are

just getting started in Latin America. Good luck. We have got to

wrap it up, but we have seen sort of similar plans with Africa, right?

That is also a sunny place. Huge opportunities there as well. Good

luck with everything. From one boss to another.

As part of our CEO Secrets series, we ask business leaders

Here is Stephen Kelly, the boss of business IT company Sage,

offering the business advice he wished he had been given

We asked you a question, we like to do the slow reveal... We are going

to discuss a couple of weeks. I asked a question about online

banking, HSBC, you can do a selfie, basically,... It gets you into your

bank account because they recognise your face. Ben Wright says he does

not use online banking, he doesn't trust it, he will speak to them.

Good luck with that! Somebody else says, he fears for safety and

privacy and security. If you have got to on a tied up in online

banking. What do you reckon about this? Is it better than putting four

codes? I think there is a positive side to this. We have so many

passwords that we use a different things, and how many people actually

remember them? This is taking care of the need for different passwords.

As far as taking selfies and sending it the bank, it makes me feel a bit

uncomfortable. When I land at Heathrow with the facial scans, I

worry about who it is going to. You focus on how you look! I think

broadly this is a positive thing. Do you do full hair and make up when

you get off the plane! I am way too tired at that. I guess with the

thumbprint or even the face... The eyes. I think that would make people

much more comfortable. What about grandmothers? Taking selfies and

centre the bank... Let's look at billboards. With the advent of all

that technology and also some things like smartphones and all that sort

of thing is, in a digital age it says that billboards are far from

dead. The traditional big billboard is alive and well. Electronic

billboards are still big in the city. Piccadilly Circus and Madison

Square, it is still quite a big thing. The big problem however is

that some people or inserting cameras on the billboards and

actually monitoring the activity of people passing by. Obviously the big

question now is about security, do I feel comfortable going past the

billboards knowing that somebody is tracking what I am doing to target

advertising? Maybe it will argue into your bank account! They can now

have the cameras taking pictures of us -- log you into your bank

account. They are seeing where we are looking on the billboard. Scary

stuff. Thank you. That's it from us. We will see you very soon. Bye-bye.

Hello there, good morning. We have tropical air with us today. That

means there will be a lot of ground around, a little rain or drizzle,

especially early on. There will be a warm and muggy