the british chambers of commerce has published a list of what it calls 23 "real—world" questions that it wa nts urgently a nswered. the list covers subjects including vat, tariffs, customs and regulations. the uk construction sector picked up injune, according to the latest study. more work in the residential sector and an acceleration in commercial building was behind the rise. it was the third month in a row that the sector grew after contracting in march big pay deals to bosses and investors by water companies have damaged customer trust, according to the regulator 0fwat. it's published new rules that will force firms to explain how bosses pay is linked to performance and to prioritise customers' interests. it comes as the bosses of several water firms prepare to be quizzed by mps. a major business organisation has warned the therea may that firms are running out of patience over the lack of progress in the brexit talks. the british chambers of commerce has published a list of 23 "real—world" questions that it says urgently need answers as the uk's eu exit approaches. the list co

we agree with the british chamber of commerce on all of those things. we'll be looking to deliver a brexit that maximises employment and prosperity in this country. the chancellor doesn't have to worry about others undermining capitalism, they're doing a pretty good job themselves. laughter when the warring factions in the cabinet meet this weekend, it is the role of treasury ministers to bring them into the real world and point out firmly to them the real cost of a no—deal brexit onjobs, the economy, and all our living standards. so can the chancellor tell us today the treasury's latest estimate of the cost of no deal, the consequences for our economy and potential loss of jobs? surely, isn't it time to show a bit of grit and for him to make it clear that no responsible chancellor could remain in a cabinet so recklessly putting our economy at risk through no deal? i can assure the right honourable gentleman that i will be setting out for my colleagues in the privacy of our cabinet meeting on friday, the treasury's, indeed the cross—whitehall econom

the british chambers of commerce warning u.k. companies -- warns that u.k. companies are slowing down there investments over uncertainties over brexit. ♪ a very good morning to you. it is about 6:00 in london and 9:00 in dubai. let's focus on the asian equity session, negative once again, down by just shy of 1%. down by more than 1% on the shanghai composite. we start to see more movement in the chinese currency. 6.7 is where we are on the u.s. dollar. loire our through that 6.7 uan hasso that y weakened through the level of 6.7. some chinese major banks have been selling dollars. we are down by 4% on the chinese currency since the middle of june. you see we break through 6.7 on the onshore number as well. the australian economy -- we had a decision from the rba this morning. no change in interest rates on the central bank -- from the central bank in australia. we have got some news out of the banking sector. manus: we have indeed. we talked about a potential cross-border deal. societe generale to buy commerzbank equity markets and commodities business. th

the british chamber of commerce says companies are being forced to slow down investments. the lobbying groups as the government has made limited progress on just two of 23 key issues. for thehave been raised rest secretary of state mike pompeo's trip to north korea. there is evidence that kim jong-un kept ramping up his weapons production before last month's meeting with president trump. the presence as north korea is no longer a nuclear threat. bank isn the central moving closer to its first interest rate hike in seven years. the banks governor spoke to bloomberg. onrect things are moving quite nicely in this rich economy. it depends on the growth numbers of the global economy. on the other hand inflationary pressures are actually quite modest. given that that is the case we ourly would like to see inflation target close to 2%. global news 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries. i'm taylor riggs. this is bloomberg. is the interview of the day for those of you on global wall street. it is about scale affected through synergy

the british chambers of commerce has published a list of 23 "real—world" questions that it says urgently need answers. the list covers subjects including vat, tariffs, customs and regulations. just when you think you know somebody! blocked! the us has moved to block state—owned china mobile from entering america's domestic telecommunications market, citing national security concerns. it comes just days before the world's two largest economies are expected to impose trade tariffs worth billions of dollars on each other. with us now in singapore is katie silver. nice to see you. tell us more about this latest twist in the trade spat between the us and china?m this latest twist in the trade spat between the us and china? it is indeed the latest twist. china mobile's shares were down about 2.6% on opening from this news and have not recovered since. it dates back to 2011. that is when they first applied to start trading in the us, the world. the largest telecommunications company. the issue is, they are about three quarters stay down. according to the trump administration, in a statement,

chamber of commerce at the institute of directors what they we re institute of directors what they were looking for, which was closer alignment, as opposed to a hard brexit? the problem we have got is that we can lobby all we want but we know it is still a brexit. you are right, at least it isn't hard, it looks like it will be somewhere in the middle, some kind of fight, but that leads to degrees of uncertainty anyway. —— some kind of fudge. but we actually wanted to stay in and now we can't have that. what about the pound ? now we can't have that. what about the pound? i was really excited when the pound? i was really excited when the foreign secretary resigned in terms of the impact on the pound of course. it's dropped fairly sharply and now it has recovered. the drop made us more competitive and helped our exporters and it made it to be to invest. sadly it didn't last long. maybe if he could keep on resigning it would help. in terms of competitiveness and exports, it was good. i would encourage british businesses to focus on exports. thank you very much. you will be back soon to

last night's announcement from chequers but the former boss of the british chambers of commerce was less pleased. the prime minister has devised an elaborate fraud on the electorate with this deal. what we are seeing is the uk permanently tied to the european union. she has devised a deal that deals with goods so that france and germany can continue to sell huge quantities of goods and we'll continue with our massive trade deficit, but has ignored services where we are strong so it is a 1—way street. employers and their staff must now wait to see how eu leaders react. and whether the chequers compromise is dead on arrival. joe lynam, bbc news. a reminder of our main headlines: north korea has said it might abandon plans to give up its nuclear technology if the united states continues to demand unilateral denuclearisation by pyongyang. england have beaten sweden and croatia defeated russia on penalties to make it through to the semifinals of the world cup. injapan, at least 50 people are reported to have been killed and dozens are missing after floods and landslides triggered by to

last night's announcement from chequers but the former boss of the british chambers of commerce was lest please. and lest please. has arrived at an elaborate fraud for the electorate. what we are seeing here is the uk permanently tied to the european union. she has devised a deal that deals with goods, so that france and germany can continue to sell huge quantities of goods and will continue with our massive trade deficit. it has ignored the services, where we are strong. it's a one—way street. services, where we are strong. it's a one-way street. employers and their staff must wait to see how eu leaders react and whether the chequers compromise is dead on arrival. joe lynam, bbc news. a police officer has been taken to hospital after the novichok nerve agent poisoning of a couple in wiltshire last weekend. it's understood the officer is undergoing specialist tests. 0ur understood the officer is undergoing specialist tests. our home affairs correspondent gene kelly is at the great western hospital in swindon where the officer was first taken. what more can you tell us? that's righ

the british chamber of commerce forcedmpanies are being to slow down investments while they await answers to key questions. the lobbying group says government has made limited progress on two of 23 key issues. g #btv -- i am courtney donohoe. this is bloomberg. scarlet: thank you. u.s. markets closing early today, about 75 minutes from now. we looking at modest gains for the s&p end dow because we are getting ready for the fourth of july. joining bloomberg television for special coverage of the july 4 fireworks spectacular tomorrow at 8:00 p.m. eastern, only on bloomberg television. this is bloomberg. ♪ it is time for our global battle of the charts. you can see them on on the bloomberg by running gtv go. weekel: this is sanctions -- you thought i would say fourth of july. everyone is looking not only at the jobs report, do we see evidence that trade wars are having an effect on the u.s. or global economies? it may be a case of too early or the dog that has not barked quite loud enough yet. what i dated is look at chinese exports to the united states and he was what you can see. every y

the british chambers of commerce has published a list of 23 "real—world" questions that it says urgently need answers. the list covers subjects including vat, tariffs, customs and regulations. the uk construction sector picked up injune, according to the latest study. more work in the residential sector and an acceleration in commercial building was behind the rise. it was the third month in a row that the sector grew after contracting in march. big pay deals to bosses and investors by water companies have damaged customer trust, according to the regulator ofwat. it's published new rules that will force firms to explain how bosses pay is linked to performance and to prioritise customers' interests. it comes as the bosses of several water firms prepare to be quizzed by mps. britain's construction industry saw its fastest growth in seven months, but companies are still worried about the outlook ahead of brexit. the regular survey shows it was the third month in a row that the sector grew after shrinking in march and better than the forecast. new orders rose at the fastest pace since may 20

the british chambers of commerce has published a list of what it cost 23 real—world questions. the list cove rs real—world questions. the list covers subjects including vat, paris, customs and regulations. the uk construction sector picked up in june, according to the latest study. more work in the residential sector and acceleration on commercial building was behind the rise will stop it was the third month in a row that was set to grow after contracting in march. big pay deals to bosses and investors by water companies have damaged customer trust, according to the regulator. it has published new rules that will force films to explain how bosses pay late performers and to prioritise customers interests. it comes as the bosses of several water firms prepare to be quizzed by mps. my firms prepare to be quizzed by mps. my own headlines. good afternoon. that is talk about glencore.. massive mining company the fortune global 500 list of 2015 to get as a number ten biggest company in the world, so it is huge. anglo swiss, headquarters in switzerland and trading on the london stock

the british chambers of commerce says the government has made limited progress on just two of 23 issues where they need clarity. rouhani will visit switzerland today and austria tomorrow. the visits are likely to be the last before donald trump starts to ring imposed sanctions -- reimpose sanctions. and 94th minute winner has seen belgium progress to the world cup quarterfinals. the manager brought on two substitutes in the 65th minute. the winning goal came shortly after. belgium is the first team to fight back from a two-goal deficit to come back and get the victory since --. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. guy? guy: thanks very much indeed. some breaking news coming out of riksbank. the riksbank has unsurprisingly left its key rate unchanged at -.5%. you can see the effect it is having. the euro is certainly dipping on the back of this, the rate increase. it is talking about rate increases starting towards the end of the year. i think that is probably the critical factor that is moving the m

we can talk now to adam marshall, the head of the british chambers of commerce. he's in our london newsroom. good morning. can you give us some real life exa m ples good morning. can you give us some real life examples of out what is happening in british business right now because we are leaving the eu next year? you have a lot of firms who say that lack of clarity is forcing them to cancel their planned. that is notjust about big businesses. small to medium sized firms trying to figure out how they can trade. whether it is an it company in the south—west thinking about setting up an office on the european continent or whether it is about a supply chain company in the automotive industry is wondering whether it is french and german customers will keep buying from them. there are a lot of businesses affected and we have got to see clarity as quickly as possible. many of your members would have voted to leave the eu and we speak to businesses who are positive, there are many out there who are not worried. there are plenty of businesses with plenty of opinions abo

the british— irish chamber of commerce. how much clearer you about the uk and their intentions regarding the border between the republic of ireland and northern ireland? the position now is more confused than ever because the british government signed up to a backstop arrangement, thatis signed up to a backstop arrangement, that is the phrase everyone is quoting today. that was last december and they affirmed last march again. now late in the day we are getting a kind of trump like denial of that and saying we would support a backstop, we would not, this is perplexing business because business is running out of time. the process is running out of time. we heard talk of a 13 week schedule, it is extremely tight and it seems the sense there's something positive coming from the white paper, that debate last week, that is now being torn down just as fast again leaving business with a complete uncertain position as to how we should prepare not just for several years' time position as to how we should prepare notjust for several