Eight long years in the making the European Parliament backs a Big Trade Deal with canada. Could it serve as a model for a future british deal after brexit . Second time lucky . Prosecutors in south korea get another shot at arresting the big boss of samsung. That bloke in the middle with the suit welcome to World Business report. Good morning, britain. Hello, world. Iam good morning, britain. Hello, world. I am sitting down for once. If this is your first i am sitting down for once. If this is yourfirst time, i i am sitting down for once. If this is your first time, i have i am sitting down for once. If this is yourfirst time, i have eight minutes to tell you what is going on in the business world. After eight years of negotiations, the Eu Parliament has approved a landmark Free Trade Deal with canada. Lawmakers in strasbourg voted in favour of the so called ceta agreement, which is hoped to add billions of dollars both sides of the atlantic. Once fully implemented, the deal will eliminate 99 of the tariffs between canada and the eu, Increase Trade by 22. 9 , and the European Commission estimates that this could Increase Trade between the two by nearly a quarter. Now that the Eu Parliament has given the green light to the deal, both sides can start removing trade barriers. But the agreement goes beyond the simple removal of tariffs and calls for further reforms which would require ratification from individual member states. That is important to stress. That is about, what, 28 eu members, and take out the uk. This includes controversial measures such as the creation of a dedicated court to settle disputes between governments and investors. Ceta is canadas biggest trade deal since the north america free trade agreement. And some Campaign Groups have pointed to ceta as a potential model for brexit once the uk formally leaves the european union. With me is Allie Renison from the institute of directors. It is good to happy with at this horrible hour. Many members of the European Parliament are patting their backs. They call it europes most modern ever trade deal. They said eu policy will never be the same again. Is this a watershed moment . It is as we have events spiralling beyond the control of the eu, like President Trump and anti free trade rhetoric. The deal was not signed. There was the element of the belgium problem in holding up the belgium problem in holding up the signature. Summer events have conspired to make it a slightly bigger watershed moment than it should have been. Some events. Critics really do not like this. They are using terms. They are saying yes to ceta is a trampling of the people, calling it a trojan horse, and a threat to democracy and the rule of law. That is because of the rule of law. That is because of the creation of Investor State Dispute. It has Greater Investor protection. That benefits multinational companies. Can you break that down . It allows investors, if they set up a huge investment, take for example germany, after germany decided it did not want Nuclear Energy any more, a Swedish Nuclear company sued them saying that it takes away their losses and they wanted to recoup them. This is commercial law. It is done by Investment Treaties being incorporated into trade treaties. People are finding it for the first time about these Investor State Dispute settlement provisions. They have been going on for 50 years. Germany is the biggest critic. That is where it originated in. People are coming to grips with something that has been around a long time. Some are asking the question, could this be used as a model for british canadian trade deals . Once they leave the eu. This is certainly a model in that it is a trade agreement, but it goes nowhere near matching the level of access we have now. 99 of tariffs, but in sensitive areas of the agriculture, ta riffs sensitive areas of the agriculture, tariffs were phased out over a long time. You would want to go much further with a brexit deal. Time. You would want to go much further with a brexit dealli time. You would want to go much further with a brexit deal. I have to move on. But i was saying how this goes beyond tariffs. Anything else added to the deal has to be approved by 28 other governments, right . We are jumping ahead of ourselves. It has been signed but it has to be ratified. That is it big thing to do, to get 28 governments to agree. You can sometimes need smaller governments within those governments to agree as well. Great stuff. Thank you. We appreciate it. You can get out of here and warm up. Usa and earlier how cold it was. You were saying earlier. For the second time in three weeks, a court will decide whether to grant a request to arrest the head of south koreas largest company. A hearing is under way where prosecutors will be trying to persuade a judge that there is enough evidence to arrest jy lee, the group chief for samsung. Hes a suspect in a Bribery Investigation which could bring down the countrys president , president park. Rico hizon has been following the story from our Asia Business hub in singapore. It is great to see you, my friend. Lovely day to you. This guy is a big fish. Yes. What are the chances of the prosecutors getting this through the prosecutors getting this through thejudges . The prosecutors getting this through the judges . Let the prosecutors getting this through thejudges . Let me the prosecutors getting this through the judges . Let me tell you, the prosecutors are throwing Big Kitchensink at jay y lee. They have expanded charges against him to include bribery, embezzlement, hiding assets, and perjury. Prosecutors have focused on samsung groups relationship with the president of south korea, accusing him of giving 38 million to Business Organisations backed by ms parks friend for support of two samsung companies. But of course, all of the parties have denied these accusations, and prosecutors are also requested the Arrest Warrant of the ceo of samsung electronics. We will find out later today or later tomorrow morning if the Arrest Warrant will be issued against the Chief Of Samsung and the head of samsung electronics. Chief of samsung and the head of samsung electronicslj Chief Of Samsung and the head of samsung electronics. I am waiting with bated breath. Hopefully i will talk to you tomorrow if you are in. Iam in, talk to you tomorrow if you are in. I am in, are you . I am. See you soon. Let us talk about lufthansa. The boss of lufthansa says the firm has made great progress in restructuring the airline. The german carrier is under fierce competition from low cost rivals, and has suffered more than a dozen strikes over the past 12 months amid efforts to cut costs. As a part of our series on the challenges facing the Global Airline industry weve been speaking with lufthansas chief executive, eurowings, was crucial for lufthansa in allowing it to compete with rivals. We have places in germany, stuttgart, luxembourg, hamburg, they are rich business centres themselves, and we had to realise we could not compete there with our brand of lufthansa and the cost of it. We had to create a new brand which is still the best value for money but at much lower cost and that was a necessity. We started late on that which forced us to really accelerate over. Last two really accelerate over the last two yea rs. Really accelerate over the last two years. But we have now reached the number one position and we are number one position and we are number three in europe in this regard. That was quite a race over the last two years. You have paid a price for this. There has been a great deal of Industrial Action costing you a lot of money. Will you look back on this and say it was all worthwhile . Two things came together on Industrial Action. First of all, every legacy alive that still carries on money has to go through that process. Secondly, u nfortu nately, that process. Secondly, unfortunately, unions tend to see internal competition much more critically banned external competition. Than. That is why we ove rca m e competition. Than. That is why we overcame an issue we would have to have overcome any way. That is why it is so important that eurowings we re it is so important that eurowings were offered well paid jobs, much better than competitors. We provide good standard up to european standards. That creates a business model. Are the unions now seeing The Big Picture . We made great progress. Now we have 95 of our staff on either new contracts or modified contract. We had a huge issue with pensions, as many other German Companies were able to solve, with 95 of our staff. I am sure we will be able to find solutions for the remainder of our staff. Be able to find solutions for the remainder of our stafflj be able to find solutions for the remainder of our staff. I am aaron heslehurst. Thank you for sharing your time with me. I will be back later. Goodbye. Social care for elderly people is on the brink of collapse in some parts of england, according to the charity, age uk. It says more than 50,000 people are now not receiving any help, despite struggling with at least three essential daily tasks such as washing, eating and getting out of bed. Our health correspondent, sophie hutchinson, reports. That if it. For ten years, elaine yates has cared for her husband. They managed to get some social care. But elaine yates, who runs a social group for carers, says it is much harder now. When michael came into the system first it was easier because we had our own care manager that new arts and could support, could help support us, in what we needed. Knew us. Could help support us, in what we needed. Knew us. Todays report from age uk says that since 2010, that has been a rise of the present in the amount of elderly people that do not get the help they need. 90 . That includes this. The charity is especially concerned with more than 50,000 people who struggle with three or more of these activities and received no support at all. Councils in england have had to reduce the amount they spend on social care. And age uk says Emergency Funding is now needed to avert a complete collapse of services in some areas. We are seeing the beginnings of something that has going to get worse. That is because, if there is going to be any extra money for social care, it is not coming at. And that is a real concern. Because every day we have an ageing population and people who need care. The government says it recognises the pressures on the system and is working on a sustainable solution. There is now a growing Expectation A Rescue Package may be included in the budget next month. Sophie hutchinson, bbc news. There will be more at 6am On Brea Kfast there will be more at 6am on breakfast with Charlie Stayt and louise minchin. A reminder of our top story. Police in malaysia investigating the apparent assassination of kimjong nam the half brother of north koreas leader have detained a second woman. Theyve also carried out an autopsy. Mr kim died on monday after apparently being poisoned donald trump at the white house. Lets start with the arab news for story in the news review. President trump appearing to back away from the american commitment to a two State Solution in the Israeli Palestinian peace process. It also reports on trump telling it netanyahu it also reports on trump telling it neta nyahu to hold it also reports on trump telling it netanyahu to hold back on expansion in the west bank, for a little bit. The new york times, the resignation of Michael Flynn caps off what it calls a tumultuous first month in office for donald trump. It quotes the top military and adviser saying there is political turmoil. The