19/02/2016 World Business Report

Now for the latest financial news with World Business Report.

Here's a question - would Britain's exports really suffer

We continue the business debate over Brexit.

New US rules mean all wannabe pilots will have to register.

We'll be finding out what it means for this buzzing new industry.

It is Friday. Don't we love it? We have 8.5 minutes. I will give you a

snapshot of everything in the world of business and money preparing to

head into the weekend. It is only eight minutes now. We will also be

talking about Uber, losing billions in China. There is no escaping it.

We start once again with the big debate over Brexit -

is Britain's future inside or outside the European Union?

As negotiations continue in Brussels, we are focusing

Among the many thorny issues, it's perhaps the one that affects

businesses the most, and it's been the subject of fierce debate.

Pro-EU campaigners say leaving the EU would be catastrophic

But the pro-Brexit lobby says that is mere scaremongering.

Let's show you some of the numbers involved.

At the moment, as a bloc, the EU represents Britain's biggest

accounting for around half of all of UK's trade.

EU membership gives easy access to the markets

But also to 68 other nations via free trade deals they hold with

In all, that trade is worth a total of $670 billion to the UK -

according to research compiled for the pro-EU lobby.

Now, pro-Brexit campaigners argue that of

course Britain will continue to do business with all of those countries

and will negotiate new - and even better - trade terms with them.

To avoid losing out, though - it would have to agree at least 35

separate trade agreements in a short space of time.

Just another little point that's worth making -

amid all the growing uncertainty over Brexit, investor confidence in

the UK has been dented - the pound has lost almost 10% of its value

Ironically, that's been a bonus for UK exporters!

So what about Britain's other huge partner - the US?

Would Brexit help or hinder that relationship?

Michelle Fleury in New York has been finding out

A little slice of the UK here in Europe. Expats and Anglophile 's

have flopped to the shop for decades to get their Britain fix. The

relative Jupiter in the US and UK is a cosy one, but what would a

possible exit to do this special relationship? Would UK imports

suddenly be subject to trade barriers if they left the EU?

According to this man, the US is not keen on cutting a separate

free-trade deal with Britain if it left the European Union. And it may

not be bluster. This law professor says the US is focused on deals with

other big box, from the recently agreed pact with the 11 Pacific

economies to the one it is now negotiating with the EU. The kind of

deals the US are looking for our platform deals, the big regional

trade backs where the benefits are so great that the cost of trying to

obtain those deals worth it, and second, we have a big deal where the

other countries can join. The UK deal alone does not meet that test.

What is at stake? The US is the second-biggest export market for UK

after the EU. Americans bought more than $54 billion worth of goods from

the UK in 2014. Cars are a popular export, but if Britain leaves the EU

and is not part of the free-trade deal, vehicles back this jaguar

would be more expensive than their Italian or German rivals. And if

Washington went to a separate deal with UK, this undermines a key

argument made by those in Britain who want out. But not so fast. Exit

supporters can count on some backing from conservatives. I think in the

case of the United States and Great Britain, a free-trade agreement

could be concluded very rapidly. After all, the economic and

historical and foreign policy links between the United Kingdom and the

United States are very deep. Even among Anglophile 's, the Brexit saga

has passed many Americans buy. It is not that the special relationship is

no longer special, it is just that many US businesses and politicians

don't yet understand what the consequences of leaving might be.

We will keep across the Brexit debate. We are also taking a look at

these. Last year more than 4 million were

sold around the world, and they are providing

a headache for the authorities. The US is among countries trying to

regulate their use Today is the deadline

for US owners to register their drone with the Federal

Aviation Administration under new Let's cross to the US

and talk to Jim Fisher. and he joins us via webcam from

New Jersey. Great to have you with us. Just

briefly, I can only imagine the concerns in the United States are

the same as the concerns here, flying too close to aircraft,

especially passenger aircraft, popping into prisons, drug

smuggling, those kind of things. Yes, we have certain laws in place

already to govern radio controlled aircraft, which were a niche

industry before drones came popular. Civilian aviation is at 400 or 500

feet. There is a bit of a buffer there. There is also a 5-mile radius

around airports, which is a no-fly zone, and there are no-fly zones

around national parks, major sporting events and other ferries

things -- various things around the city. Tell us just briefly, how does

this registration work? You buy a drone, you register your name

against us your name, you are on the database, but it will not teach you

to flight responsibly? The registration is based on user, not

aircraft, and is for drains away between 250 g and 25 kg, in metric

-- drones. Anyone can buy a register those for a $5 fee online. Do you

think this is been a hot industry in terms of sales? They have been

literally flying off the shelf. Do you think this new ball will put a

bit of a break on sales? -- new law. I'd exert. The timing of the

registration system, four days before Christmas, the FAA was trying

to get users who unwrapped one under the tree to register it immediately.

If you register it within the first two weeks, the $5 fee was waived.

That is when I registered. If you have multiple aircraft, you could do

one registration and that covers everything you own. You print out a

sticker and fix it to your aircraft. We appreciate you staying up for us.

Thank you for joining us. Let's go

from the US to Asia now, where taxi app Uber is losing - not a car load

but a TRUCK LOAD of money. Happy Friday. How is this like

losing money? It doesn't own anything. Yes, they are losing about

$1 billion a year in China. That is as it struggles against what it

calls a fierce competitor. This is from Uber CEO, who made that comment

at an event according to a Canadian news tech side. They have to compete

with a local rival which is backed by Chinese technology giants. Both

Uber and its competitor has spent heavily to subsidise rides to gain

market share, because they are both betting on China's future potential.

This year it was quoted saying they were in a better position than its

Chinese rival because it could fund its losses partly by using profits

from other countries -- the CEO. We know Uber is available in more than

40 cities in China. It will continue to expand into another 100 cities.

Thank you. We will talk to you soon. Don't forget you can get

in touch with me and some of the A complete Bronze Age wheel,

believed to be the largest