20/07/2016 World Business Report

It's the third time in two years that WhatsApp has been threatened.

Those are the latest headlines from BBC World News.

with Sally and World Business Report.

It is official, Donald Trump is the Republican nominee

we take a look at his vision for the world's biggest economy

and how it differs to that of Hilary Clinton.

Growth is surging at Microsoft thanks to its cloud computing

business as the tech giant takes on Amazon and Google.

Also in the programme we'll have the latest in fight to access

has been formally nominated as the Republican candidate

Next week Hillary Clinton is due receive the formal stamp of approval

So what are their visions for world's biggest economy?

Both hold vastly different views over tax

While Hillary Clinton believes the richest people in society

should pay more tax, Donald Trump is staunchly opposed,

saying he favours slashing the tax bills for the highest earners

On the minimum wage, while both camps are in favour

of reducing the tax burden on the underprivileged,

raising the minimum wage to $15 per hour.

Trump has previously said he's against any changes,

though more recently he's softened his language,

meaning there could be a rise of the federal minimum wage

from $7.25 an hour if he's voted into power.

Despite their differences, both candidates

are united in their opposition of the TPP trade deal,

which involves 12 Pacific rim countries.

Trump has already made his views on free-trade very clear.

He's vowed to impose significant tariffs on goods imported

With me is Jacob Parakilas, US and the Americas Programme

Thanks for coming in, good to see you. We have an outline of what we

know about the candidates in terms of economic policy and their views

on various things, what more can you tell us? The thing to remember with

Hillary Clinton is she is proposing a StepChange, a gradual evolution of

the policies we've seen under Obama for the last seven or eight years.

She would refine rather than replace Obamacare, increased subsidies for

college education, increased subsidies for small business and

fund a lot of this with a step increase in taxes for the highest

earners and closing loopholes. Trump's policies have been more

difficult to pin down, he has less policies the Civics and has turned

around to say and one point he wanted to lower the minimum range

and other times he has said he wanted to arrange it -- specifics.

Other times he has said he wanted a wealth tax, which would be against

Republican orthodoxy, he has come down on a taxcutting, reducing the

size of government platform stance, more in-line with the Republican

Party over the last 30 or 40 years. Now he has the nomination will he

have to be more detailed with his plans for the economy? And to what

extent is the economy on the minds the voters? Normally he would and

that would be a standard action for someone in his position, but he is

ignoring a lot of the standards during the nomination. Every nominee

apart from Trump in 1976 has released their tax returns, he has

refused to and nobody seriously believes he will at this point. It's

hard to say if he will have more information for us. One of the other

problems is we don't know who will be advising him, Clinton has reams

of advisers, policy groups on lots of issues. Trump quite openly says

he will rely on his own counsel. It's not clear who would be advising

him. In terms of people watching outside the United States and those

concerned about the effect of the new president on the US economy,

therefore the global economy, to what extent is the person that does

get the job given the freedom to make significant change?

Or are they massively advised by the US Treasury, the US Federal reserve,

those people around them. And there's the issue of getting any

significant change through Congress anyway. The president has relatively

little authority in their own office over the economy, they have to deal

with Congress and Congress by the Constitution has the power on the

purse strings. The Federal Reserve is independent. There's a limit to

the extent he can drive the economy without dealing with these

institutions. The president has the biggest bullhorn in the world. When

Trump says he might renegotiate U.S. Treasury debt, that is quite scary

to markets because that's the full faith and credit of the US, one of

the bedrock foundations of the global economy. He could seriously

spook markets and cause economic contractions just by raising the

possibility even if the reaction immediately from the Fed and

Treasury and Congress is no you can't do it, we weren't accepted.

Interesting times, thank you for coming in, Jacob. Thank you for your

time. Now corporate news. Many companies have been reporting their

earnings. Microsoft is reporting substantial

growth in its cloud computing business, which helped

boost quarterly profits That was far better than its more

than $3 billion loss for the same period last year

when the software giant booked hefty write downs

on its mobile phone assets. Dave Lee reports

from San Francisco. We can teach computers to learn...

When Sachin took over at Microsoft two years ago he said the future of

the company was in cloud computing services. That strategy seems to be

paying off with the latest results beating Wall Street expectations.

Revenue from Microsoft's cloud services have grown by 100% in the

last three months and subscription sales of the Office software suite

have been strong, adding up to a $3.1 billion profit for the last

quarter. This time last year he was telling investors the company had

lost $3.3 billion thanks to its disappointing acquisition of Nokia's

mobile phone business. With that deal behind the company, last month

he made his biggest gamble yet, spending $26 billion on the business

social network LinkedIn. The company is expected to integrate the service

with its own business products soon, further boosting its clout division.

There was one note of caution from Microsoft, however, it admitted it

would probably miss its target of 1 billion devices running Windows ten

by next year. Dave Lee, BBC News. Eurostar

is cancelling more trains this morning after a transformer

caught fire in Paris. The firm suspended three train

services on Tuesday evening, and now a further six services

on Wednesday have been cancelled. Trains between London, Brussels

and Paris are among those affected. to check their website before

travelling. Brazil's Supreme Court has overruled

a decision ordering mobile phone operators to indefinitely block

access to WhatsApp. The president of the court said

the ruling had been disproportionate because the messaging app

is so widely used in Brazil. It's the third time in two years

that WhatsApp has been threatened. Three US states have taken legal

action against the car maker VW in the wake of its

emissions scandal. New York, Massachusetts and Maryland

all filed lawsuits on Tuesday. New York's Attorney General called

the use of so-called defeat VW says the allegations are not

new and that the carmaker has been There's an awful lot of information

out there for financial markets to drive just around the world, not

least the latest prognosis from the IMF -- to drive just.

How is it going to date? Asian stocks are sluggish today -- today.

Investors are worried about disappointing earnings reports and

signs Brexit could hurt other economies according to the IMF.

Tokyo trading in focus today with Nintendo shares down by 13% after

their value more than doubled since the launch of its popular smart

phone game Pokemon Go. Investors, though, they are taking profits but

shares in McDonald's in Japan soaring by 12%, not because people