In a few minutes time, it will be time to have a look at the international press. International. Now, its time for World Business report. Chinas premier hails the opportunties of economic globalisation but warns against the dangers of unfair growth leaving some behind. Its 50 years since the worlds first cash machine sprung up in a london suburb but does the atm have a future . Welcome to World Business report. Im rachel horne. In the last hour or so, chinas premier li keqiang has been hailing the benefits of economic globalisation, saying it brings unpredencented opportunity for all. But he also warned the World Economic forum in the north east chinese City Of Dalian that fairness is essential, or else people will feel left behind by the rapid changes the world is facing. But its not necessarily that straight forward, because many countries are caught in a wave of political populism, which means their leaders put their own interest first. For instance, the hosts china have their work cut outjust to provide the Economic Growth to keep Living Standards where they are. After the usa, china is the worlds second largest economy, with a value of 11 trillion they account for almost 15 of what the world produces each year. However, its home to i9 of the worlds population. With the number of people growing, so too are the number and size of its cities. For example, the brand new Eco City Of Xiongan which will house 2. 5 million people. All those people are also fuelling the governments ambitions for china to be a tech leader. Its already home to almost 100 unicorns private Companies Worth more than 1 billion their combined value is estimated at a staggering 445. 6 billion. And some of the best known names with global ambitions are decacorns. Start ups worth over 10 billion such as ali babas ant financial, smartphone maker xiaomi and tencent music. Lets hear a bit of chinas premier li keqiang told the meeting in dalian about globalisation. Globalisation is changing our world with an unprecedented speed, rats and depth. It has provided limitless opportunities for all economies. But if inadequate measures are taken, it may lack inclusive growth. In other words, it will create a problem of venice growth. Some people will benefit more than other groups, and Traditional Industries and jobs may feel the impact. With me is linda yueh, who is professor of economics at the London Business school. Lets start ith that issue of fairness, in a country with such a huge population, how can china ensure that all of its population benefit equally from globalisation . In some ways, china has already managed globalisation somewhat better than other countries. China is on the cusp of eradicating extreme poverty. It means that there could be, less than 3 who live on a dollar 95 per day. So, in absolute terms, growth in china is already more inclusive. But there is still this idea that china is not an equal society. The political backlash we have seen in other countries, such as in europe or the United States, where it is felt that globalisation benefits ridiculous sectors, that inequality can lead to political unrest. That is something that china is very worried about. More importantly, china has begun to take a global role on The World Stage to say, this is how we should change globalisation. It is partially a reaction to donald trump pulling back. But i think chinas track record is not as good, they are as unequal as the United States even though china is communist. What does china want to get out of this . The Prime Minister speaks there every year. It is the only event that takes place outside of the meeting in january in that takes place outside of the meeting injanuary in switzerland. It is really intended to highlight chinese businesses. Now, we can name a few chinese businesses, but it would have been a struggle a few yea rs would have been a struggle a few years ago. So, the goal is to highlight their Tech Companies and show that china is innovative. It can grow, because it is now home to hundreds of big Tech Companies. It reassures a lot of people that with the focus on technology and innovation, that china will continue to expand in a stable way, even if growth slows down to six and a half x growth slows down to six and a half or growth slows down to six and a half or more. We also heard china say again that they are not going to have a hard landing. We will have to see whether businesses really address what is on the mind of the lot dont make a lot of chinas economists, that is the amount of debt that is accumulating in the system. I think that is what is to watch for. Its 50 years to the day since the worlds first cash machine or atm was opened at the Enfield Branch of Barclays Bank in north london. There are now Three Million of them around the world. But in an era where we increasingly use everything but cash to pay for the stuff we buy, does the technology that was once cutting edge have a future . Simon gompertz reports. 1967, a revolution. The first money from a hole in the wall. You put in a voucher and a code, and he got ten £1 notes. This Television Celebrity had a go, and the cash machine was born. This is what weve come to. There is a banksia, on these ones, you can open a bank account, sign in your name, it will take my photo as well. Just to prove that its me. You will be able to see and talk to bank you will be able to see and talk to ba n k staff you will be able to see and talk to bank staff directly on the screen. You can take out money using your mobile phone. You dont have to have a card. We are light years ahead of 50 yea rs a card. We are light years ahead of 50 years ago. Is this the sort of banking we actually want . We are doing our banking on our Mobile Phones and laptops. Why do i need to do it ata phones and laptops. Why do i need to do it at a cash machine . You are not the only user. The machine is a piece of real estate. What can you do ata piece of real estate. What can you do at a kiosk with an expensive real estate . Do at a kiosk with an expensive real estate . What can you bring to it . Its a piece of real estate which changed our lives, because he did not have to worry about when banks might be open. Never accept money from strangers now cash itself is under threat thanks to Mobile Phones. The Chief Cashier agrees the cash machine has to do other things. Evenif cash machine has to do other things. Even if you can do something else, people will be looking at what else they can do. They might be looking at Trading Shares on a cash machine. I think some people will be striving to get more from that machine. You wa nt to to get more from that machine. You want to get a 1 stop shop. To get more from that machine. You want to get a 1stop shop. This one will show you if someone is looking over your shoulder, reassurance you might want if they close your bank branch to replace it with a machine. We used to have about 20,000 Bank Branches in the uk, soon we will have 4000. Future atms will actually provide 99 of all the services that people can get from Bank Branches today. It is not a weld everyone will welcome, but the technology unleashed in the 1960s is still transforming the way we bank, half a century later. The latest prosposal to reform the us Healthcare System would leave about 22 million americans without medical insurance. The version proposed by Senate Republicans has been assessed by the non partisan congressional budget office. They also say it would reduce the Budget Deficit by 321 billion, thanks to cuts to medicaid, which provides health cover for the poorest americans. The white house has rejected the accuracy of the assessment. Lots of noises from the us supporting further Interest Rate rises. Thats it from me. I will be back with the paper review in a few minutes. The amount of Taxpayer Money the queen receives to carry out her work as Head Of State is to increase next year byjust over 8 , to 82 million pounds. It comes as Buckingham Palace is to undergo 369 million worth of repairs over ten years. 0ur royal correspondent Nicholas Witchell reports. Buckingham palace announced it was setting in motion a huge refurbishment programme. It would cost about £369 million, and among other things, it will replace wiring, pipework and boilers, which may not have been touched for 60 yea rs. May not have been touched for 60 years. According to the palace, they are potentially catastrophic to the building. The palace has given more details about how the extra money will be paid. Next year, the grand money that the palace receives to run Buckingham Palace will rise by just over 8 to £82 million. The Refurbishment Work has not started yet, Officials Say they are still at the planning stage. They hope some preparation will begin later this summer. Preparation will begin later this summer. The purpose is to secure the future of what they described as a terrorist national asset. Critics say it is a waste of money at a time of austerity. 0ne Republican Group says funding will have risen by 150 since 2012. Thousands of medical documents including test results for cancer, were put in storage instead of being sent to hospitals or gps. A report by the National Audit office says that more than 1,700 nhs patients may have been potentially harmed by the administrative blunder. Every bit of correspondence, they are looking through to see whether there was any harm. They are letting patients know and getting expert to look at it. In 1700 cases, they have identified potential harm. In those cases, they are looking more deeply to find out, has there been actual harm . This is bbc news. The latest headlines President Trump has said a Us Supreme Court ruling to revive parts of his controversial travel ban is a victory for national security. The United States says it has identified potential preparations for another chemical weapons attack by the syrian government. The white house has warned that the assad regime would pay a heavy price if it conducted another chemical strike. The british Prime Minister theresa may says she wants Three Million eu citizens living in britain to stay after brexit. She said they would have the same rights to health, education, benefits and pensions as british people. Testing carried out as a result of the Grenfell Tower block fire in london has found that 75 high rise buildings failed safety tests. The American Company which makes the cladding has now stopped selling the product globally. Now it is time for our newspaper review. As weve been reporting, the Us Supreme Court has agreed to allow parts of President Trumps controversial travel ban to take effect. The gulf news has reaction, one academic predicting chaos at the border and new lawsuits. Mr trumps been meeting with the leader of another global power indian Prime Minister narendra modi. Mr modis written an editorial, saying the two countries stand as mutually reinforcing engines of growth and innovation. More in the business standard. Well, the times website has a different take on the talks. It says the leaders played second fiddle to melania trump, who upstaged them in this bright yellow dress. The paper also reports on fears of a trade war, because of a global oversupply of steel. It looks at how the us could restrict imports of cheap steel from china, which may then find its way to europe. The eu doesnt want its own producers to become collateral damage. The one billion pound bribe. Thats the independents headline writing about theresa mays agreement with the dup, to form a minority government. The party will support the conservatives on key issues, in return for money for northern ireland. And its 20 years since british Writerjk Rowling published her first harry potter book. Some estimates say the franchise is now worth a staggering 25 billion. The Market Watch Website has that story. With us is mark davies ceo of strategy consultancy camberton