chairman john sloths are said the unrest was affecting cathay pacific business. we have most recently seen a falloff in future bookings over the next few months particularly for in down travel to hong kong. it's too early to make predictions with respect to the year in peak travel period the previous experience indicates the travel markets recover fairly quickly when everything settles down. slow sorry expects a better 2nd half our airlines normally perform better in the 2nd half of the year than in the 1st we don't expect this trend to change but we do foresee more volatility and an ever more challenging operating environment. despite the impact of the protests sloths are said cathay pacific would continue to make significant investments in strengthening hong kong standing as asia's largest international aviation hope. and a systems malfunction has forced british airways through to lay or cancel the patches across the u.k. thousands of passengers reported being unable to check in while others stuck on grounded planes immediate cause of the problem is not clear t

spask. -- cathay pacific. the c.e.o. has said they will take administrative disciplinary action if they find any cathay pacific employees pa tiss pating in illegal acts or illegal protests. >> we'll continue talking about this story. of course steve is staying with us to talk more about cathay pacific. have a look at our bloomberg chart. we tracked the medium price target in yellow. the white is your actual stock price. down 4% today. 4.5% yesterday. from 16, down 13.67 on the target price. my next guest in our studios actually took a cleaver to the stock price target. down 30% to 11.17. good morning. thank you for coming on the program. you have squashed your price target for the stock here. >> our logic was this is a period of uncertainty. we have seen cathay overcome a lot of head winds. now it is a complete source of uncertainty for what is going to happen in the next couple of weeks. when we look at regulatory bodies coming in and interveneing with these companies, it is really -- it is different from jus

chairman john sloths are said the unrest was affecting cathay pacific business. we have most recently seen a falloff in future bookings over the next few months particularly for in down travel to hong kong. it's too early to make predictions with respect to the year end peak travel period but previous experience indicates the travel markets recover fairly quickly when everything settles down. slow sorry expects a better 2nd half our airlines normally perform better in the 2nd half of the year than in the 1st we don't expect this trend to change but we do foresee more volatility and an ever more challenging operating environment. despite the impact of the protests sloths are said cathay pacific would continue to make significant investments in strengthening hong kong standing as asia's largest international aviation home. and a systems malfunction has forced british airways through to lay or cancel the patches across the u.k. thousands of passengers reported being unable to check in while others stuff on grounded planes immediate cause of the problem is not clear

chairman john sloths are said the unrest was affecting cathay pacific business. we have most recently seen a falloff in future bookings over the next few months particularly for inbound travel to hong kong. it's too early to make predictions with respect to the year and peak travel period the previous experience indicates the travel markets recover fairly quickly when everything settles down. slow sard specs a better 2nd half our airlines normally perform better in the 2nd half of the year than in the 1st we don't expect this trend to change but we do foresee more volatility and an ever more challenging operating environment. despite the impact of the protests sloths are said cathay pacific would continue to make significant investments in strengthening hong kong standing as asia's largest international aviation home. and a systems malfunction has forced british airways through to play or canceled the patches across the u.k. thousands of passengers reported being unable to check in while others stuck on ground appliance immediate cause of the problem is not clear

pacific to ta ke very businesses like cathay pacific to take very public stands against the protests. 0ther take very public stands against the protests. other local hong kong business leaders and tycoons have put their names to public advertisements expressing support to the government and police, and we will probably also see pressure on universities and other public bodies to ta ke universities and other public bodies to take a public stand in line behind beijing and to try and increasingly isolate the protesters and their supporters. my next guest says hong kong's problems are not political, but economic. i asked says hong kong's problems are not political, but economic. iasked him what he meant by that. if you look back at the last 20—30 years, there has been a growing level of discontent in hong kong. people, especially young people, have found they can't afford property, they can't get themselves onto the property ladder, and the gap between rich and poor has been getting broader and broader. there is a sense of discontent and unhappiness, millions are increasingly unhappy a

protests all for attending rallies cathay pacific is a publicly listed company but one of its major shareholders is it china which is owned by the chinese government's some staff have resigned from the company in protest like politician and pilot jeremy tam this can offer you no interference from the beijing government it just changes completely and everybody a fear of you know being put under the spotlight it's not just cathay pacific that's coming under pressure from beijing there's a wider atmosphere creeping into the hong kong corporate world that if you want to continue doing business with china then you should distance yourself and your star from the protests last week it was the turn of accountants to take to the streets to reject interference from beijing staff from major firms like. lloyd had earlier taken out a newspaper ad criticizing the companies for ignoring hong kong people and the reasons for the protests after pressure from beijing the company's released statements distancing themselves from the air cathay pacific declined al-jazeera as requests for an interview but

airline cathay pacific is denounced for firing employees who joined and to rally. also once lost ground black and where inside the amazon a huge parts of the. head of that mostly characterise much of the middle east however there has been some cloud showing up into more southern sections of pakistan these those monsoon rains we could see some a shop thunderstorms as we go through thursday it could of course leave some localized flooding elsewhere it's fairly dry and still very hot in baghdad again for the next couple of days and by friday we could also see some working their way across areas of georgia armenia and eventually pushing on into. pretty nice and back with a high of 24 degrees celsius further to the south the temperatures are high but also we've got a fairly high level of humidity through much of the city so doha fairly warm in the 40 celsius shown here and then as we head off into friday time to really staying about the same quite a bit of cloud into the southern sections of the saudi arabia and pushing up into the northeast of oman said maybe a mix of

and cathay pacific cancels more flights. kong in afrom hong moment. this is bloomberg. ♪ >> singapore is revising down there growth forecast almost zero as the global downturn deepens and the trade war goes on. the ministry of trade and industry sees the economy expanding between nothing to 1% down from previous projections 2.5.1.5 to the u.s. and china are sparring over trade. and the spat between japan and korea is widening. trade andry of industry says korea will split the fast-track category into and japan will initially be the only country in the second group. this news comes two weeks after tokyo forced korea off the road own list, a country deemed safe enough for export. on, those countries who failed to uphold principles in the management of export control will be included in this new group. japan will be the first country to be included in this group. formerident trump medications director anthony he suggests the republican party consider a different nominee. he lasted 11 days in the white house. he says he is not decided on who to back, bu

the focus of this rally was cathay pacific. the airline is the most high profile case of what these people believe is increasing interference by china in hong kong workplaces. >> workers are facing [indiscernible] from the china government and hong kong government. which they cannot even expect [indiscernible] in their own social media. >> several cathay pacific employees have been fired for making social media posts in support of the antigovernment protests, for attending -- and for attending rallies. cathay pacific's publicly listed but one of its major , ownedlders is air china by the chinese government. some staff have resigned from the company in protest, like this pilot. >> this is interference from the beijing government. it changed it completely. beingody is in fear of put under the spotlight. >> it is not just cathay pacific coming under pressure from beijing. there is a wider atmosphere creeping into the hong kong corporate world that if you want to continue doing business with china, you should distance yourself and

rupert hogg resigning as ceo of cathay pacific. now, this gives us the perfect avenue towards the intersection of politics and finance. we've seen the hong kong stock market fall the last couple of weeks. we've seen the u.s. market get rattled. yields have come down. our market is volatile in part because of what is going on here and all under the overarching umbrella of the trade war. earlier today we spoke with an investment banker who has been doing business here for decades. i asked him is there a way to separate the political and the financial future of hong kong? >> you can try to, but ultimately it's about investor sentiment and peoples individual perceptions as opposed to fact what is sentiment now and how has it changed the last couple of month >> for the first time i'm talking to people who are long-term residents here with significant capital here, and they're thinking maybe they'll get another residence somewhere else >> where >> some of them are looking in asia themselves. some of them are looking at australia, new zea

civil cathay pacific employees have been fired for making social media posts in support of the n.t. government protests all for attending rallies cathay pacific is a publicly listed company but one of its major shareholders is it china which is owned by the chinese government's some stars have resigned from the company in protest like politician and pilot jeremy tam this can offer you no interference from the beijing government it just changes completely and everybody fear of you know being put under the spotlight it's not just cathay pacific that's coming under pressure from beijing there's a wider atmosphere creeping into the hong kong corporate world that if you want to continue doing business with china then you should distance yourself and your star from the protests last week it was the turn of accountants to take to the streets to reject interference from beijing star from major firms like deloitte had earlier taken out a newspaper ad criticizing their companies for ignoring hong kong people and the reasons for the protests after pressure from beijing that companies really st

protests all for attending rallies cathay pacific is a publicly listed company but one of its major shareholders is it china which is owned by the chinese government's some staff have resigned from the company in protest like politician and pilot jeremy tam this cut off you know interference from the belgian government just change it completely and everybody a fear of you know being put under the spotlight it's not just cathay pacific that's coming under pressure from beijing there's a wider atmosphere creeping into the hong kong corporate world that if you want to continue doing business with china then you should distance yourself and your star from the protests last week it was the turn of accountants to take to the streets to reject interference from beijing staff from major firms like. lloyd had earlier taken out a newspaper ad criticizing the companies for ignoring hong kong people and the reasons for the protests after pressure from beijing the company's released statements distancing themselves from the air cathay pacific declined al-jazeera as requests for an interview but

pacific where at least 3 staff members are working for cathay pacific or a subsidiary airline cathay dragon have been fired because of comments that they have made on social media and in other places supporting the anti-government protests in hong kong we've had the chief executive of cathay pacific resigning and those employees talking about this culture of fear that china is now sowing so the allegation from the protesters from those people is that this is a deliberate ploy by the governments in china to try to create confusion tight to try to create fear that the separatists should end now otherwise the situation could get a lot worse when people's rights. as we can confirm the story will come right back with in the meantime many thanks. u.s. president donald trump is raising tariffs on chinese imports by an additional 5 percent this latest escalation in the trade war comes hours after beijing it will impose tariffs on $75000000000.00 worth of american goods mr trump on twitter said he has quote here by order american companies to leave china however as heidi jocasta reports from

several cathay pacific employees have been fired for making social media posts in support of the anti government protests all for attending rallies cathay pacific is a publicly listed company but one of its major shareholders is it china which is owned by the chinese government's some staff have resigned from the company in protest like politician and pilot jeremy tam this kind of you know interference from the beijing government just changing completely and everybody a fear of you know being put under the spotlight it's not just cathay pacific that's coming under pressure from beijing there's a wider atmosphere creeping into the hong kong corporate world that if you want to continue doing business with china then you should distance yourself and your star from the protests last week it was the turn of accountants to take to the streets to reject interference from beijing star from major firms like deloitte had earlier taken out a newspaper ad criticizing their companies for ignoring hong kong people and the reasons for the protests after pressure from beijing the company's released s

several cathay pacific employees have been fired for making social media posts in support of the anti government protests all for attending rallies cathay pacific is a publicly listed company but one of its major shareholders is it china which is owned by the chinese government's some staff have resigned from the company in protest like politician and pilot jeremy tam this kind of you know interference from the beijing government it just changes completely and everybody you fear of you know being put under the spotlight it's not just cathay pacific that's coming under pressure from beijing there's a wider atmosphere creeping into the hong kong corporate world that if you want to continue doing business with china then you should distance yourself and your star from the protests last week it was the turn of accountants to take to the streets to reject interference from beijing staff from major firms like a pm did lloyd had earlier taken out a newspaper ad criticizing their companies for ignoring hong kong people and the reasons for the protests after pressure from beijing the companies

several cathay pacific employees have been fired for making social media posts in support of the anti government protests all for attending rallies cathay pacific is a publicly listed company but one of its major shareholders is it china which is owned by the chinese government's some staff have resigned from the company in protest like politician and pilot jeremy tam this can offer you no interference from the belgian government it just changes completely and everybody a fear of being put under the spotlight it's not just cathay pacific that's coming under pressure from beijing there's a wider atmosphere creeping into the hong kong corporate world that if you want to continue doing business with china then you should distance yourself and your star from the protests last week it was the turn of accountants to take to the streets to reject interference from beijing star from major firms like deloitte had earlier taken out a newspaper ad criticizing their companies for ignoring hong kong people and the reasons for the protests after pressure from beijing the company's released statemen

several cathay pacific employees have been fired for making social media posts in support of the anti government protests all for attending rallies cathay pacific is a publicly listed company but one of its major shareholders is it china which is owned by the chinese government's some stars have resigned from the company in protest like politician and pilot jeremy tam this kind of you know interference from the belgian government it just changes completely and everybody you fear of you know being put under the spotlight it's not just cathay pacific that's coming under pressure from beijing there's a wider atmosphere creeping into the hong kong corporate world that if you want to continue doing business with china then you should distance yourself and your star from the protests last week it was the turn of accountants to take to the streets to reject interference from beijing staff from major firms like a pm did lloyd had earlier taken out a newspaper ad criticizing their companies for ignoring hong kong people and the reasons for the protests after pressure from beijing the company's

china is demanding cathay pacific airlines suspend any staff supporting protests in hong kong. thousands of pro—democracy activists have been staging a sit—in at the territory's international airport — the first of three planned days of rallies.

protesters in hong kong have turned their anger towards airline cathay pacific they say the company's decision to fire 20 of its staff for taking part in antigovernment protests is creating a climate of fear meanwhile a number general strike has been called for next week when he reports from hong kong. it's a sensitive time in hong kong and being seen at a protest could cost you your job. the focus of this small rally was cathay pacific the airline is the most high profile case of what these people believe is increasing interference by china in hong kong workplaces harm congress and is now facing is a year. from the show now the man hong kong government on that he cannot even express them or not feel it's a long torso medium have. several cathay pacific employees have been fired for making social media posts in support of the n.t. government protests all for attending rallies cathay pacific is a publicly listed company but one of its major shareholders is it china which is owned by the chinese government's some staff have resigned from the company in protest like politician and pilot

pacific —— china has ordered the hong kong—based airline cathay pacific to suspend any staff who support pro—democracy protests in the territory. beijing's latest tough stance comes as thousands of activists stage a sit—in at the territory's international airport, the first of three planned days of rallies.

cathay pacific's traffic is also train traffic. the airport shut down for a day and passengers would be trying to book away from hong kong, worried about connecting flights. it is a global issue for cathay although the focus is on the localhina and hong kong market. there is still a lot of long-term issues you will need need toss -- he will address. hong kong express has been acquired. the ceo is joining him as chief commercial officer, so they need to find a new ceo of hong kong express which is important because the budget and is one of the faster growing -- budget end of the market is one of the faster growing segments. ,hey might have to look outside given they have had to take everyone internally to manage this crisis and also next year cathay pacific looking at placing new aircraft orders for their long-term strategy in the future. 2024 is a key year because that is when the third runway opens at hong kong. a lot of the work had been done by rupert for that. it will slow down but they will have to look at it quickly to positi

cathay pacific has released a statement in response to china's demand to suspend staff who have been supporting the pro—democracy protests. china's ban on cathay staff who've supported the demonstrations is due to begin on sunday — we'll bring you details of what happens here on bbc world news. major power cuts have caused travel chaos across large areas of england and wales, affecting close to a million people. the national grid says two generators failed which triggered an emergency response to limit access to the network. katy austin has the latest. commuters navigating clapham junction station in darkness. this evening's power cuts did not last long but the impact affected more than a million people. including thousands of train passengers across the country, some unable to board. i am going to hang around and see if they put the trains back on and fix the issue but if not, i'm going to have to find somewhere to stay tonight and get a train tomorrow. no—one has come over and spoken to me. no—one seems to know what is going on. if you go and ask for help, no one really kno

that is the parent company of cathay pacific. juliette saly in singapore, thank you. let's get the bloomberg business flash. annabelle: thank you. black rocks private equity vehicle has struck its first deal. it is backing authentic brand groups, the company that manages sports illustrated, marilyn monroe, and to seek a tour. the entity invested $875 million, becoming the largest shareholder. values its valued -- at more than $4 million. after one of its t-shirts itrked online controversies, shows hong kong and macau as independent nations and lost its spokespeople. for such a has said it respects china's sovereignty. an executive is leaving after a most a decade in the top job. he says he will continue at the swedish defense company until a successor is in place. he is in place. he's looking for another challenge in his career. saab shares have outperformed industry peers. matt: thank you. matteo solving his bid for control of italy has started on the beach. , ais on the campaign trail sandy trail, after pulling the plug on a coalition government last week. he would

taylor: china's crackdown on cathay pacific sends a chilling message. jason: we will dig into the booming industry and plant-based burgers. taylor: the market darling of sparkling water is losing ground. the aisle gets crowded. jason: joel weber is with us. joel: we wanted to do this story in a summer issue. it is the zeitgeist of summer. one thing that has happened is consumers have shifted away from soda and embraced sparkling waters. lacroix has encapsulated that and boomed. all of a sudden it has gotten competitive. taylor: we learned a lot about their competitors, mainly pepsi and coca-cola. joel: they are owned by national a beverage and out as part of their portfolio. but going against coca-cola or pepsi, once they opened their war chest and looked at sparkling water, they can say we know how to put that in a can. jason: that is coming in from the top, then you have craft beers and food, now it is sparkling water. joel: it is what they introduced the marketplace. they invented the category and rejuvenated it, and they are met on both sides. taylo

taylor: china's crackdown on cathay pacific sends a chilling message. jason: we will dig into the booming industry and plant-based murders. taylor: the market darling of sparkling water is losing ground. jason: joel weber is with us. joel: we wanted to do this story in a summer issue. it is the zeitgeist of summer. one thing that has happened is consumers have shifted away from soda and embraced sparkling waters. they have encapsulated that and boomed. all of a sudden it has gotten competitive. taylor: we learned a lot about their competitors, mainly pepsi and coca-cola. joel: they are owned by national a beverage and out as part of their portfolio. but going against coca-cola or pepsi, once they opened their war chest and looked at sparkling water, they can say we know how to put that in a can. jason: that is coming in from the top, then you have craft beers and food, now it is sparkling water. joel: it is what they introduced the marketplace. they invented the category and rejuvenated it, and they are met on both sides. taylor: we learned as well abou

taylor: china's crackdown on cathay pacific sends a chilling message. jason: we will dig into the booming industry and plant-based murders. -- burgers. >> is a fights, lacroix became the market darling of sparkling water but it is losing ground. jason: joel weber is with us. joel: we wanted to do this story in a summer issue. it is the zeitgeist of summer. one thing that has happened is consumers have shifted away from soda and embraced sparkling waters. lacroix has really encapsulated that and it boomed. thisng -- riding enthusiasm. all of a sudden it has gotten competitive. taylor: we learned a lot about their competitors, mainly pepsi and coca-cola. joel: they are owned by national beverage and that is a big part of their portfolio. but going against coca-cola or pepsi, once they opened their war chest and looked at sparkling water, they can say we know how to put that in a can. jason: that is coming in from the top, then you have craft movement. we've seen it in beer and food, now it is sparkling water. joel: it is what they introduced the marketpla

taylor: china's crackdown on cathay pacific sends a chilling message. jason: we will dig into the booming industry and plant-based burgers. taylor: it is this week's cover story. lacroix became the market darling of sparkling water but it is losing ground. jason: joel weber is with us. joel: we wanted to do this story in a summer issue. it is the zeitgeist of summer. one thing that has happened is consumers have shifted away from soda and embraced sparkling waters. lacroix has really encapsulated that and it boomed. riding this enthusiasm. all of a sudden it has gotten competitive. taylor: we learned a lot about their competitors, mainly pepsi and coca-cola. joel: they are owned by national beverage and that is a big part of their portfolio. but going against coca-cola or pepsi, once they opened their war chest and looked at sparkling water, they can say we know how to put that in a can. jason: that is coming in from the top, then you have craft movement. we've seen it in beer and food, now it is sparkling water. joel: it is what they introduced the mar

pacific to suspend any airline cathay pacific to suspend a ny staff airline cathay pacific to suspend any staff who support the demonstration. in their thousands, black clad pro—democracy activists divide —— occupied the arrivals hall at hong kong airport. the officials allow the city and to continue as long as corridors were left clear for travellers to leave the building. we wa nt travellers to leave the building. we want democracy because we realise that this is an authoritarian government, and we need our voice to be heard by the government. the protesters said the aim was to reach a wider audience, and carrying banners criticising the local government, calling for universal suffrage and demanding an independent enquiry into alleged links between police officers and tryout gangs. over the past two months, the police have used excessive force, to stop the protesters from happening. hong kong's leader carrie lamb —— carrie lam said no investigation was needed as police were carrying out their own internal investigation, and at a news co nfe re nce own internal investigatio

protests all for attending rallies cathay pacific is a publicly listed company but one of its major shareholders is it china which is owned by the chinese government's some staff have resigned from the company in protest like politician and pilot jeremy tam this kind of you know interference from the belgian government it just changes completely and everybody a fear of you know being put under the spotlight it's not just cathay pacific that's coming under pressure from beijing there's a wider atmosphere creeping into the hong kong corporate world that if you want to continue doing business with china then you should distance yourself and your star from the protests last week it was the turn of accountants to take to the streets to reject interference from beijing staff from major firms like a pm did lloyd had earlier taken out a newspaper ad criticizing their companies for ignoring hong kong people and the reasons for the protests after pressure from beijing the company's released statements distancing themselves from the air cathay pacific declined al-jazeera as requests for an int

china is demanding the cathay pacific airline suspend any staff supporting protests in hong kong. thousands of pro—democracy activists have been staging a sit—in at the territory's international airport — the first of three days of rallies. parts of the uk have been affected by a widespread power cut. suppliers say parts of the national grid failed — causing disruption to transport, homes, and hospitals. at ten o'clock, clive myrie will be here with a full round up of the days news. now on bbc news in a series of documentaries we will explore how we can protect our precious planet, exploring sustainable solutions around the globe, and meeting the people at the forefront of driving change. how can we best protect our precious planet? climate change and pollution are taking their toll, that much is not taking their toll, that much is now scientifically evident. but for all of the uncomfortable truth, we hold the future in our hands.

meanwhile, beijing has ordered the hong kong—based airline, cathay pacific, to suspend any staff who support the demonstrations. ho—fung hung is a professor of political economy atjohns hopkins university in baltimore. he is also is the author of the award—winning book, protest with chinese characteristics. thank you so much for your time. first of all, i just wonder whether china's intervention with cathay pacific, the airline, how unprecedented is that? it is not quite surprising, because over the last two or three years, china has been pressuring allies around the world and hotel chains around the world and hotel chains around the world to ask them to put taiwan off their list, as an independent country, to put it under china. —— airlines around the world. china has been quite frequently using these tactics of using its market power, to pressure private companies to comply to their well, to achieve some political goals. —— their will. do you think beijing is becoming more forceful in its intervention in hong kong, at least in a verbal sense,in hong kong, at least in a

as protesters shutdown the airport in hong kong flag carrier cathay pacific and some broad in the conflicts. slumped to a 10 year low blows asia's business hub is beginning to feel the heat. and china loses its taste for european companies the number of chinese takeovers drops sharply is that because western governments are getting wherry or does beijing simply already has everything it. is business on. as welcome hong kong's apple will remain closed until 6 o'clock tomorrow morning authorities that house council all flights for monday as thousands of protesters occupy the main terminal apple authorities said operations have been seriously disrupted by the demonstrations against the policies of the beijing government planes arriving in hong kong will still be allowed to land in a separate development hong kong's flock area ally and cathay pacific has threatened to fire staff who take part in the protests is already dismissed to employ staff its shares slumped to 10 year low. now let's have a look at the bigger picture here with the business editor. if it what do you think was behind those d

a short resignation at cathay pacific c.e.o. rupert hawk steps down just days after the hong kong alan said it would fire as dolphin to take part in anti-government protests. and in a small town in germany the americans pull out and the chinese move in we'll find out why. cathay pacific has announced the resignation of its c.e.o. rupert hogg stepped down days after the hong kong came out of pressure from beijing because some stuff that supported pro-democracy protests in the city in his resignation hold the face challenging weeks that saw its share price hit 10 year lows on tuesday it counsel hundreds of flights with hong kong shut down by protests about this stock rebound at the down after the carrier condemned the protests and riots 2 pilots who have participated. now for the world of geopolitics to a small town in the west of germany after world war 2 u.s. troops were stationed in hope stepped in via but us the giants left whole apartment blocks stood empty until 2 entrepreneurs came up with an idea building a base in germany

multinational they will handle this differently you saw what happened with cas a cathay pacific c.e.o. stepping down which not something that without the protests that would actually happen you know you really have to think about your employees your consumers and understand what they want right i mean i don't think there's going to be a clear answer on either side but how do you really create a or rules and guidelines where people can more sir pinioned but still be in a way that doesn't affect the business i mean like i said the rules of engagement of business is now have changed in the in the climate that we've been living with you do have to address some of these concerns at the same time not trying to be too extreme to away from your values. i mean yes nobody wants to lose the crucial market of mainland china but i suppose if there is a chance of us being on the brink of some sort of historic event or change in the territory these companies have to be conscious of of possibly being on the wrong side of the argument it exactly and you kind of saw what happened with cochin and those

pacific —— china has ordered the hong kong—based airline cathay pacific to suspend any staff who support pro—democracy protests in the territory. beijing's latest tough stance comes as thousands of activists stage a sit—in at the territory's international airport, the first of three planned days of rallies. a 28—year—old churchwarden has been found guilty of murder, after tricking his victim, into changing his will for his benefit. ben field manipulated peter farquhar who was 69, duping him into a relationship and then lacing his food with drugs and neat alcohol. however field was found not guilty, of the attempted murder of a retired headmistress who was 83, and whom field also admitted, he'd tricked into a relationship. tom symonds has the story. a respected former teacher and novelist, peter farquhar rendered helpless. he had suffered falls, injuries, he had no idea what was going on. i actually... used to be sort of... competent. of course. that second voice is the man who talked his way into peter's life. despite the age difference, his student, ben field, promised to marry

i'm taking a look at cathay pacific shares. we had reports about the airport in hong kong, whether flights or canceled -- flights were canceled or not. right now it looks like only check ins were canceled. dollar-yen continues to strengthen come of strongest yen has been in the last 18 months or so -- strengthen, the strongest yen has been in the last 18 months or so. david: we are joined by bloomberg's marty schenker and sarah ponczek. let's start with argentina. a chart here shows the price of credit default swaps in argentina. you don't need to know calculus to know that is not a good thing. so why are people so nervous about mr. macri going out of office? marty: because they are very protectionist, and everybody is heading for the exits. taylor: i spoke to damian who covers aerday, lot of the emerging markets, and asking him what gauge measures the risk the most. what in your area you are researching has investors nervous the most? sarah: i would say cds. you just saw the spike on the screen. traders are pricing in about a

that was seen as a move on behalf of the chinese authorities saying to hong kong, cathay pacific, this is not tolerated. so we shall see. financial times. let's talk about this story that you are an expert m, this story that you are an expert in, you are doing lots of research into this. the use of facial recognition technology in the uk. this is an interesting story about this huge development at king's cross in central london, and they have been using it for quite some time. it is not clear why. yes, well, there are so many questions about this. we don't know how long they have been using it for, we don't know how many cameras they have, we don't know why they are using it. it is of questionable legality. just because something isn't forbidden doesn't mean it is legal. in fact, this country is in the midst of a real debate, a legal challenge at the moment as to whether or not even the police can use facial recognition technology, so for private companies to start rolling this out and basically policing everybody, tracking them in real time and comparing them against police watch list

at cathay pacific to cancel about half their flights. at the same time, disruption to the territory's underground train service. a strike planned by workers at heathrow airport has been called off. talks to stop a further walkout on tuesday. around 2500 workers had planned to strike on both days in a i’ow planned to strike on both days in a row over pay but it will now reinstate flights from heathrow on monday. hsbc has announced chief executive john flint. monday. hsbc has announced chief executivejohn flint. down. the banking giant said it needed a change to stop the challenging global environment. the move was announced along with its results which showed first half pre—tax profit rose in june. which showed first half pre—tax profit rose injune. this week, asian central banks take centre stage after the us federal reserve cut its main interest rate for the first time in more than a decade. we start with the reserve bank of australia and interest rates at a record low of 1% after two consecutive cuts and on wednesday, the reserve

china's crackdown on cathay pacific sends a chilling message. jason: we will dig into the booming industry and plant-based murders. the market darling of sparkling water is losing ground. jason: joel weber is with us on why he put -- >> we wanted to do this story in a summer issue. it is the zeitgeist of summer. one thing that has happened is consumers have shifted away from soda and embraced sparkling waters. they have encapsulated that and boomed. all of a sudden it has gotten competitive. lot about learned a their competitors, mainly pepsi and coca-cola. >> they are owned by national a beverage and out as part of their portfolio. but going against coca-cola or pepsi, once they opened their war chest and looked at sparkling water, they can say we know how to put that in a can. jason: that is coming in from the top, then you have craft beers and food, now it is sparkling water. >> it is what they introduced the marketplace. category and the rejuvenated it, and they are met on both sides. taylor: we learned as well about the founder and ceo, wha

cathay pacific, seeing one of the biggest -- worst sessions we have seen. let's talk about what would watching in terms of currencies. dollar china below that 710 handle. comingseeing strength through in the earlier losses. the close on friday was not pretty. david: we took one of the three levels we were tracking, which would not take you back to the referendum. --took out 121, 10 speak looking at 11986. watching those levels very closely. iron ore is continuing. 28% depending on what contract. still holding up at the 1500s. yvonne: let's talk more about what is moving on these markets. we saw stronger fixing from the pboc, where the currency headed now? what the pboc is signaling is aat it is trying to oversee steady, controlled weakening of the currency. that's what the fixes have shown over the past several days. i'm not sure about board with the idea that they are signaling a range, or they want the weakening to stop. the overall consensus is that the currency should we can further, without the pboc in place. the currency would be closer to 7.2, then s

hong kong's national carrier cathay pacific sacked staff members who took part in the protests — and the compa ny‘s shares have fallen. one example of the impact the processor having in hong kong. also in the programme — the road to electric in india is getting a boost — but the switch to the cleaner car technology is proving problematic. we'll explain why. we took it with the main issues gci’oss we took it with the main issues across the financial markets in europe. style and substance. we meet the man who designs everything from jewellery to furniture, from bikes to video games. but what exactly makes good design? complaints about british betting firms have soared 5000% in 5 years — and last year gamblers lost a record £14.5bn. so is gambling too easy? should more be done to keep players safe? let us know — just use the hashtag bbcbizlive. hello and welcome to business live. welcome to the programme. thank you for your comments on gambling. one asked if it is so easy why have they lost 1a billion plans? good point. we start in hong kong, where it's the tenth week in a

a short resignation at cathay pacific c.e.o. rupert hall steps down just days after the hong kong world file staff could take part in antigovernment protests. and in a small town in germany the americans pull out and that means move in we'll find out why. welcome to do business on this cathay pacific has announced the resignation of its c.e.o. rupert hogg stepped down days after the hong kong came under pressure from beijing because some stuff out supported pro-democracy protests in the city in his resignation all the face challenging a week's not so its share price hit 10 year lows on tuesday it can. for hundreds of flights with hong kong shut down by protests about this stock rebound at the down after the carrier condemned the protests and riots 2 pilots who have participated. now from the world of geopolitics to a small town in the west of germany after world war 2 u.s. troops were stationed in hope stepped in via spock but as the giants left whole apartment blocks stood empty until 2 entrepreneurs came up with an idea buildi

protests all for attending rallies cathay pacific is a publicly listed company but one of its major shareholders is it china which is owned by the chinese government's some staff have resigned from the company in protest like politician and pilot jeremy tam this can offer you no interference from the beijing government just changing completely and everybody in fear of you know being put under the spotlight it's not just cathay pacific that's coming under pressure from beijing there's a wider atmosphere creeping into the hong kong corporate world that if you want to continue doing business with china then you should distance yourself and your star from the protests last week it was the turn of accountants to take to the streets to reject interference from beijing star from major firms like deloitte had earlier taken out a newspaper ad criticizing their companies for ignoring hong kong people and the reasons for the protests after pressure from beijing the company's released statements distancing themselves from the air cathay pacific declined al-jazeera as requests for an interview b

in the past week, cathay pacific has sacked four members of staff for involvement in rallies. and greenland has said it is open for business, but not for sale.

demonstrators are pushing back at cathay pacific's largest shareholder. cathay pacific has fired at least seven people since the protests began. they asked me to leave. i was hurt that i couldn't help my colleagues. confident that i can still continue. i will tell the truth. anchor: argentina is again banking on the imf to stave off default. they are in buenos aires to decide on a new package of more than $5 billion, adding to the record bailout of last year. economy has plummeted more than $10 billion as policymakers try to shore up the peso after a stunning lytic cold defeat for the market-friendly government. ed lee's second-most famous tocano has come back to life the north of sicily, the home of mount etna. it has been sending huge plumes of ash and smoke into the sky. elaine's were deployed to drop water on wildfires spark by burning lava. it is one of the most active volcanoes in the world. the blast comes almost two months after interruption killed a hiker. global news 24 hours a day, and on tictoc and 20, powered by journalists in more than 120 c

more pressure on cathay pacific. we are seeing the stock down the most in three years and to the lowest level in a decade. chief north asia correspondent stephen engle there in hong kong. but take a look at futures here rising across the board as we get closer and closer to the european open. must than 10 minutes to go. you see ftse features up more than half a percent. in today's equity market and we are looking at gains in the u.s. futures as well. we are minutes away from the start of cash trading. we will take a look at the stocks that you need to watch at the open. after it received another takeover offer from ams. this is bloomberg. we are six minutes away from the start of cash trading in europe. let's get your stocks from around the newsroom. fromng at the miners today our equity steam is following this. what are you seeing ? slump in ironther ore. trading down more than 5%, now at $87 a to 2% trading ton. china sparking fresh concerns about the demand side story to keep an eye on rio tinto, as well as the st

we also spoke to people today about the sacking of cathay pacific's ceo. people have come here today pretty angry about that, actually. they think it is unfair intervention from beijing just because people in the airline industry have supported the pro—democracy movement and for some, thatis pro—democracy movement and for some, that is the reason to have a protest like this. itjust shows you that everything is tied in now in terms of politics, the economy and hong kong's way of life. many people in the business community expect that there will be more intervention from beijing. for example, we have had the australian business chamber calling on the government of hong kong to scrap the bill altogether. and to consider this independent enquiry into the police to try to ease tensions. some of the business community are really feeling it here. however, if two things are true, they are, that beijing will keep getting involved, that this is going to be something businesses are going to be something businesses are going to be something businesses are going to

after dwyer pacific's chairman and the cathay pacific's chairman had to go to beijing, basically acquiescing to the demands of the civil aviation authority to the flight manifest, the crew manifest for all over protestsna of cathay pacific's crew and their support of the hong kong protest. they expect now significant impact on revenue from august onward. business and leisure travel into hong kong have weakened substantially and traffic from hong kong is starting to soften. demand on china routes falling nearly 3% in july. the airline did fall in july, but the key again, like many of these companies going forward with all this uncertainty, forward bookings have fallen by what they say, double digits in july and that is why they are giving this warning about traffic going forward from august onward. it is full of uncertainty right now for many hong kong companies here, especially those doing business in china. in the next hour or so, i will go into more detail about the pressure companies like cathay pacific and others are having basically sending out directives across their networks to tell e

the head of cathay pacific has resigned. the airline is not the only company to get caught in the standoff between the authorities in hong kong and the protesters. how difficult is it going to be going forward for the business community in hong kong to with stand -- withstand pressure from beijing? >> the rules of engagement of doing business in china and hong kong has changed. there is not a rulebook. there is a lot of pressure. you have 2 different consumer bases. china, hong kong, different consumers, and you have employees. for the hongle out kong businesses something that is not detrimental to your business? we have seen it has been over the past few weeks. only this past week there has been more global attention and pressure behind it. there is an effect that has been going on locally and the multinationals. they have to address this every day with employees and how to react to this and the consumers properly so they can ensue their product and services being delivered on a high level basis. >> this varies between comp

cathay pacific shares falling sharply for a second session. reprieve coming through in these markets today. we have been seeing a lot of money going into bonds in asia as well you were mentioning the yield on china's tenure falling to 3% for the first time since 2016. i also want to show you what is happening hinge singapore. we had a negative read in second quarter gdp. actually falling i 3.3%, which was below estimates. when we had seen 3.8% rose in the prior quarter. if we see another quarter of growth that is going to be a technical recession for the singapore at the same time the government coming through and cutting their 2019 growth forecast to zero to 1% from one and half to 2%. all of this in the wake of the u.s. china trade dispute. bluebird economics saying stagnation in singapore's economy in the second quarter could set the stage for a recession in the second half. juliette, thank you very much. let's get to south america the second-biggest market selloff regions50 across all happened yesterday. after president macri had a landsli