Reached an agreement over trade. Financial markets in europe look like this right now. The price of oil has edged lower. We will talk you through the winners and losers. And cashing in on the growing Education Market well be hearing from a maths tutoring business which has added up to an empire worth hundreds of millions of dollars a year. And we want to hear about your box set guilty pleasures, after netflix reportedly agreed a half billion dollar deal to show old episodes of seinfield. Today we want to know, was it worth it . Whats your favourite binge watch . Get in touch just use the hashtag bbcbizlive. Mine is frazier, for the record. Hello and welcome to business live. Im with you, brazier is very hard to beat. Lets focus on another big name that you have all heard of, apple. One of the worlds most valuable tech firms is heading to court, in a bid to overturn a multi billion dollar tax bill in ireland. Its part of a landmark case in the eus efforts to close tax loopholes by multinational companies. Three years ago, the European Commission ruled apple received illegal state aid from ireland when it effectively paid only a 1 tax on its profits. The commission ordered ireland to collect 14 billion in taxes from the firm and apple is appealing against it. But its not the only tech giant under the spotlight. Last week, google paid 1 billion to settle a french investigation into whether it had underpaid taxes. The search giant pays little tax in many European Countries because it reports almost all of its sales in ireland. In a bid to close tax loopholes, france earlier this year passed a new Digital Services tax, meaning large multinationals will have to pay a 3 tax on sales generated in france. Multinationals and their taxes are one of the big political issues of oui era. Suzanne rab is with me now. Shes a barrister at serle court chambers. Looking at the letter of the law, i suppose, as did the Political Considerations in all of this, who do you think actually has the stronger case . Brussels or apple along with ireland . The commission is bringing the case under the eu state aid rules, which are used when a member state gives a selective advantage to accompany. It is not unusualfor advantage to accompany. It is not unusual for tax measures to advantage to accompany. It is not unusualfor tax measures to be challenged under that regime. The issue here is whether in fact the advantage has been selective. Certainly, there are some difficult issues in this case to consider. Obviously, the consequences are potentially much further reaching. This case has got a lot of road to travel before it reaches a conclusion. But if ultimately, the court finds against apple and ireland, lots of other companies and other low Tax Jurisdictions, might they have to change their ways . Well, the principles that are at issue in this case are not isolated. There are numerous other state aid cases that are running through the appeal courts at eu level. There are also pending Commission Investigations and similar probes, an example including nike. This case raises some wider implications. Looking at the bigger political picture here, to change the law on all this requires consensus across lots of different countries, including low Tax Jurisdictions who obviously have a vested interest in keeping things the way they are. So if we are to address the issue of multinationals, and how much tax they pay, is ultimately the answer and perhaps what we had about france is doing, deciding to add a locally charged sales tax on everything multinationals do within that country . It is true that the issue here about where tax should be paid and how much is one which has perplexed many governments come up with digitised businesses, where views can differ about where taxes should be paid, there are attempts amongst National Legislatures to introduce new rules like the ones we have seen. But there is no consensus globally about the methodology for doing that. The g7 have attempted to come to a consensus, but still, there is no harmonisation. Ultimately, there is a bit for supranational ultimately, there is a bit for Supra National rules but ultimately, there is a bit for supranational rules but they are very ha rd to supranational rules but they are very hard to put in place. We will be watching with interest. Thank you for joining be watching with interest. Thank you forjoining us. Lets take a look at some of the other stories making the news. The Office Provider wework is reportedly planning to delay its initial Public Offering after investors questioned how much the company is worth and raised concerns over its corporate governance. The companys leaders were preparing to go on a roadshow to market the shares this week ahead of a trading debut next week, but its now expected to shelve the flotation until at least next month. International air safety regulators are finalising a report that criticises the us approval process for boeing 737 max jets. The regulators are also expected to call for a wide ranging reassessment of how complex Automated Systems should be certified on aircraft built in the future. The Us Federal Aviation Administration is expected to come under fire for a lack of clarity and transparency. Britains Supreme Court will today begin hearing two appeals to determine whether the Prime Minister acted lawfully in suspending parliament in the run up to brexit. The uks highest court will have to resolve two contradictory judgments after the suspension was challenged in separate cases. Borisjohnson says he will wait to see what the judges say before deciding whether to recall parliament. President trump has announced that the us has reached an initial trade agreement with japan. Sarah toms joins us now from singapore with the latest. What more can you tell us . Well, it is still very sketchy at the moment. Us President Donald Trump says an initial trade agreement has been reached and it is expected that he and the japanese Prime Minister shinzo abe will sign a deal in new york later this month. It is a deal that could be implemented without congressional approval. But as i said, the exact details have not been released. But the trade pact is expected to be limited to just a few Industries Like agriculture, digital trade, and industrial tariffs. Japan will likely cut tariffs on us Agricultural Products like beef, chicken and pork. That would give American Farmers some more access to the japanese market. In return, the us is expected to cut tariffs on some industrial products, like machinery. But it appears unclear what that means for the car industry. Japan is of course eager to avoid tariffs on its cars, the country is heavily dependent on exports and cars, of course, are the biggest export, accounting for most of the 67 billion us trade deficit with japan. The devil will be in the detail as they continue their arrangements. Good to hearfrom you, sarah tom is in singapore. Lets look at the markets in that part of the world and how they got on today, japan open for the first time this week, having been closed on monday, pretty flat as you can see but big losses in hong kong again. It is 100 days since the protests in hong kong started and it is really being felt in terms of the impact on the local economy, of course. That is the night before on wall street. Lets show you europe, to say the cost of oil has gone down a bit today but it is still much higher than last week. On friday a barrel of brent cost around 60 and now it is around 68 per barrel. Flat markets in europe, a big mover in london is Serious Minerals with projects in North Yorkshire in the uk, failing to raise vital funding, shares down today by some 63 in london. And Vivienne Nunis has the details of whats ahead on wall street today. Americas Central Bank Begins a two day meeting on Interest Rates today. The Federal Reserve is widely expected to cut rates by 0. 25 when it concludes the meeting on wednesday. Investors will be paying close attention to what fed chair Jerome Powell says about the banks future plans. Separately on tuesday, the fed will release new figures on Industrial Production and manufacturing output, at a time when a Global Economic slowdown and the us china trade war has left Us Manufacturing weaker than it has been for years. In finance news, Delivery Firm fedex is expected to report a fall in profits, while Software Maker adobe inc is expected to post higher than expected results thanks to growing software subscriptions. Joining us is louise dudley, Portfolio Manager of Global Equities at hermes investment. Thank you forjoining us. I suppose the big focal point is the fed and what its Decision Makers ultimately decide and it is by no means certain that they are going to go for a rate cut, is it . I think that they are going to go for a rate cut, is it . Ithink some that they are going to go for a rate cut, is it . I think some of the indications are definitely that is what is going to happen. We saw from last week, that supportive measure coming in. However, markets have not reacted too much to that support within europe. The question is, if they do the right cut, will they get they do the right cut, will they get the support from the equity markets . Everyone is going to be watching the guidance and the language around the cut. It is always about the press conference on the wednesday, isnt it, after they finish the meeting and they announce what they are doing. You have got the fed this week and a bank of england and the bank ofjapan, week and a bank of england and the bank of japan, there week and a bank of england and the bank ofjapan, there is very much a Central Bank Focus this week but it is getting drowned out by what is going on in saudi arabia, the price of oil and the reaction to that, the uk Supreme Court, i mean, so much is going on. Yes, and certainly, last week, there was quite a bit of a risk on rally that happened and we wondered if it was the rebound coming in and obviously come over the weekend, we had the oil strike and now things are back in turmoil again. Ijust wanted and now things are back in turmoil again. I just wanted to and now things are back in turmoil again. Ijust wanted to get and now things are back in turmoil again. I just wanted to get your ta ke again. I just wanted to get your take on the oil situation, are you worried about where the price of oil is headed and the vulnerability of the reserves, etc, in places like the reserves, etc, in places like the middle east . It is going to be a case of how quickly they can get back on board. Some people are talking days, weeks. But the expectation is that it will happen. The countries that are going to be worried are those that dont have the energy reserves, so that is china and japan. The us have their own supply so they are not so concerned. Finally and briefly come in the uk, how much our investors watching what is going to come out of the Supreme Court in the next few days about whether parliament ultimately will come back sooner than expected . Ultimately will come back sooner than expected . I think we have already seen a lot of subdued levels from the pound. To a certain extent, you know, it is a bit of wait and see. We arejust you know, it is a bit of wait and see. We are just hoping things continue to progress along and who knows what the outcome will be . Thank you forjoining us. You will be back a bit later with a review of the papers. We look forward to that. And we want to know what your box set favourites are so have a think about that. Still to come. Cashing in on the growing Education Market well be hearing from a maths tutoring business which has added up to an empire worth hundreds of millions of dollars a year. Youre with business live from bbc news. Crude oil prices saw their sharpest rise in 30 years yesterday, following drone attacks on two Saudi Arabian refineries at the weekend. We often think, how is this going to impact us at the pump and Energy Prices . Ben thompson is at a petrol station in stockport to assess how this could affect us all. Over to you. Another day, another glamorous location good morning. We are talking about the impact on not only the petrol forecourt and what the attack in saudi arabia could mean for petrol prices but also the implication is that it has for us as consumers. About 93 of all the stuff that we buy in the shops is delivered by truck. So far, for the haulage firms, their cost will go the haulage firms, their cost will 9 up the haulage firms, their cost will go up significantly and they will have to pass the price on to us. What impact could it have . Steve from the portland fuel consultancies with me. Give us a sense of housing of this is. I know the programme has only spoken about the attacks and Global Oil Prices up 15 20 , how does that filter through to places like this . The prices are up about 5p now from friday night. For the average consumer, they can bear the cost, it is about £2. 50 to fill up your tank but for hauliers, it is much more, it is 5 of a major cost of their so it is about 2. 3 two or 3 of costs added to the bottom line and they often cant bear that kind of entries in their cost base. And they therefore have to pass it onto factories and supermarkets and affirms they are delivering to which ultimately means we end up paying more. Absolutely, i mean, there will be some suppliers who can bear the cost of a haulage increase if it is a marginal cost of their product. But there will be a lot that cant and we will end up seeing price rises as a result if this continues. Briefly, what happens if it continues . The us says it will step in and saudi arabia has supplies and this is a temporary problem, isnt it . Hopefully, yes, from what we have seen so far, it is a temporary issue and we can manage it and it could calm down should come down. But we are looking at where we go from here. The us is already talking about retaliatory strikes. Thankfully, donald trump was out last night saying he does not want a war which is nice to hear him saying that, but we need to see where we go from here. If things escalate in the middle east, we could see an escalation in the price is down the line. Good to talk to you, steve irwin from the portland fuel consultancy. The cost is likely to be passed on to us in the short term but it could just be a temporary issue. I will see you soon. Youre watching business live. Our top story, one of the worlds most valuable tech firms, apple, is heading to court, in a bid to overturn a multi billion dollar tax bill in ireland. Its part of a landmark case in the eus efforts to close tax loopholes used by multinational companies. We will be watching it very closely in the weeks and months ahead. Education has long been regarded as the ladder to success and prosperity. Its a theory thats fuelled a massive boom in the tutoring and supplemental Education Market. Its so big, that one Market Research firm expects the market to hit us 180 billion by 2026, as parents around the world are more and more willing to invest in their childrens education outside of school. Riding the wave of this phemonenon is mathnasium, an american maths only supplemental education franchise. Since its foundation in 2003, its opened over 1,000 centres globally and was ranked number three in forbes best franchises in america in 2018. Itsjust launched in the uk. Steve felmingham is with us now. Hes the director of uk operations for mathnasium learning centres. Thank you forjoining us. Why do you see such a need for specifically maths tutoring . What is going on in schools that the gap needs to be plugged . I think it is worth making the point that in many ways, we should never exist, there should be no need for us to exist. Sadly, there is a need and that is driven by the fact that in most cases, schoolteachers are dealing with classes of 30, 35 children at a time. By necessity, they have to teach to the average of the class. We can pick up the children that are either side of that, the ones that are struggling or even the ones that are struggling or even the ones that are farahead. The are struggling or even the ones that are far ahead. The system just cannot cope with that level of disparity between the ones that are a little behind and the ones that are ahead. I know you are overseeing the uk operations but this is a global company. Is there a global need . We always wonder as parents, wherever we are in the world, is there a better education in hong kong or china . Wherever it might be . I think the reality is slightly different, there is a perception that actually, everyone is doing better than we are. In fact, they are not. It is the same everywhere. I think children are children everywhere, there are always children who will excel who will then get bored by the regular routine of the curriculum in school and those that struggle to keep up. Ours is all about a personalised programme. Every child is on an individual programme. Wherever they are in the world, our teaching method is identical. We dont change that. We may change the sequence in which certain elements are taught but the whole offering is the same wherever we are in the world. How much have you decided parents are willing or should be willing to pay for this . In many