Indias e cigerette market goes up in smoke as the country bans vaping products. And stocks across asia were mostly higher on thursday following the Federal Reserves decision to cut Interest Rates on wednesday. At the moment in Europe Markets are looking like this. At the moment in Europe Markets are looking like this. And well be getting the inside track on a business thats been heating up in recent years the boss of hotpot yoga willjoin us live. And, as burger king ditches plastic toys in kids meals to cut down on waste, we want to know if the war on plastic has gone too far. Let us know just use the hashtag bbcbizlive. Yes, do get in touch on the great debate about plastic. A warm welcome to the show. Before that, huawei the chinese tech giant that makes everything from high end smart phones to sg wifi will find itself under a number of spotlights today. As well as launching its First Flagship phone without Google Android the company will also go to court in the us to challenge the view that they are a Security Threat to the country. President trump and others fear that huaweis new 56 tech could be used by the Chinese Government for spying. Huawei has said all along it has no links to the government and insists it has no intention of spying. In may the Us Government restricted American Companies from working huawei, citing National Security concerns. Thats forced google to stop offering it access to many features of its android operating system. Huaweis new flagship smartphone, the mate 30, is released today however, it will not come with googles popular apps, including maps and youtube as well as access to the Google Play App store. To try and ease concerns, huaweis chief executive made the unprecedented offer to sell its current 56 know how to a western firm as a way to address Security Fears voiced by the us and others. Matthew howett, founder and principal analyst at assembly, is with me now. Matthew, these are obviously less than ideal circumstances for huawei . Yes, hugely embarrassing for huawei to launch their flagship sg device which comes with a price tag of 1000 lacking the full version of the Android System and crucially the app the Android System and crucially the app store that consumers are so used to downloading apps from. I think it is their biggest challenge today without launch but it is interesting they are choosing to do that in europe. This is obviously a chinese company. They usually launch flagship devices within the home market but this time they are in germany. Why do you think that is . What does it say about their ambition that they are starting with Germany First then trying to roll out elsewhere . I think they are trying to convince the rest of europe that they are a force for good, they are here to stay, they can challenge some of the us Companies Like apple and Koreas Samsung by doing this here. I think they realise they have a very difficult fight to do in the us so they are trying to paint a more positive picture by saying, look, we can do this, we can build an ecosystem that will attract developers and it means we will be successful. This is it, isnt it . In the past they have proved to be very resilient and they have huge resources by them. I wonder whether the huawei executives will look back at this point and history in history and think, this was the inflection point, when we were able to develop something really unique because of these challenges and were able to overtake the likes of samsung and apple . They say you can find opportunity in the face of adversity and i think huawei are an example of trying to do that. They are spending 1. 5 billion developing their own operating system. I think it isa their own operating system. I think it is a very Herculean Task and it will only be successful if they can attract the developers to the platform to make the apps you and i are used to. Arguably, if they can do it in china with hundreds of millions of consumers, and that catches on in europe, there is opportunity there. Maybe they can start challenging some of the Big Tech Companies we see in the us. Do you think they will be successful . Do you think they will be able to lure all of these App Developers over . If we think of how well they have done despite this uncertainty, they have around 50 sg contracts around the world, 20 plus increase in revenue in the first half of this year, and this is despite them having hugely negative pr around the world. They are obviously they are with the tenacity to do it so i think if anybody can, perhaps they are the ones. May be. Thank you very much, matthew, from assembly, thank you. Lets take a look at some of the other stories making the news burger king will no longer give away plastic toys with childrens meals, amid pressure to reduce Plastic Waste. The move comes after british children petitioned the fast food giant and its rival mcdonalds to stop giving away free plastic toys. We would like to know what you think about the story. China is set to release pork supplies from its central reserves as it moves to tackle soaring prices and shortages caused by an outbreak of swine fever. China, the worlds biggest producer and consumer of pork, has struggled to control the spread of the disease despite slaughtering more than1 million pigs. Booking. Com is continuing to mislead its customers despite a crackdown by regulators, according to a consumer watchdog. Regulators ruled that booking sites must review the way they rank and display rooms, over pressure selling concerns. Which . Says booking. Com is still giving false accounts of the popularity of rooms. The site told the bbc it has worked hard to implement the commitments agreed. Indias cabinet has announced a ban on the production, import and sale of electronic cigarettes, saying they pose a risk to health. Jagdip cheema is in mumbai. Lets talk to him. This is a huge deal isnt it, for those in the vaping industry. India has massive potential for them . Yes, vaping industry. India has massive potentialfor them . Yes, india has over 100 million smokers. What the government has announced, as you just mentioned, a ban on the import, production and selling. What is not banned is the act of vaping itself, but when supplies run low vapers just wont be able to vape. Those who do could face a fine of around 1400 and if they repeat the offence they could be looking at a jail term of around three years. A really big problem for vaping giants juul of around three years. A really big problem for vaping giantsjuul labs and Philip Morris international. They were hoping to tap into the indian market but it looks like their plans will have to be cancelled now. Thank you, jagdip cheema, based in mumbai for vape. Cancelled now. Thank you, jagdip cheema, based in mumbai forvape. In mumbaifor us. Lets look at the markets. Action in japan with the bank ofjapan meeting, and they did not change Monetary Policy at all this time but the indicated next time there will be more easing to try to help the japanese economy. Today we also have the bank of england. A lot of Central Bank Action this week. Lets look at europe. As you can see, very flat markets in europe, the ftse 100, and the big loser is next, shares down after the back of its latest results. Sales are actually up latest results. Sales are actually 7 latest results. Sales are actually up 4 but their chief executive talking about the pressure on the high street for Companies Like next to have to pay very high rental costs. More on that later, but for 110w costs. More on that later, but for now more about the fed. And Samira Hussein was at the fed for the Interest Rate announcement lets hear from her the Federal Reserve did what most people expected it to come amid a small cut to us Interest Rates. Why . Well, although Household Spending is increasing, and the Unemployment Rate remains low, exports and investment have weakened. Fed Chairjerome Powell attributes that weakness to trade policy. Since their last meeting weve seen additional signs of weakness abroad and researchers of trade policy tensions, including the imposition of additional tariffs. The fed has no role in the formulation of trade policy but we do take into account anything that could materially affect the economy. Trade policy is determined by the white house a white house that is a very vocal critic of the Federal Reserve. Although it decided to cut Interest Rates, it did very little to appease us president donald trump, who believes Interest Rates should be cut further, even to zero. Mr trump has been a very vocal critic of you and your colleagues, recently calling you boneheads, and just now has called you a terrible communicator. How do you respond to these criticisms, and any regrets to have this many press conferences . I dont. Im not going to change my practice here today of not responding to comments or addressing comments made by elected officials. I willjust say that i continue to believe that the independence of the Federal Reserve from direct political control has served the public well over time, and i assure you that my colleagues and i will continue to conduct Monetary Policy without regard to political considerations. A very measured response there from jerome powell, speaking to our correspondent samir hussein. Samira. Joining us now is Jeremy Thomson cook, founder of complete currency consulting, Central Bank Action sterling impact. There seems to be a split among policymakers as to the direction of the economy, of Interest Rates, but at the moment it has provided a boost to markets . Yes, 25 basis cut was what markets were expecting, but as you say there is now quite a large split within those policymakers. 0ne large split within those policymakers. One is looking for a 50 basis point cut, another half a percent to come off, and one looking for no change. So we are starting to see what is going on in the us, and obviously in the Global Economy as well, starting to see policymakers prescribe different things. Some wa nt to prescribe different things. Some want to be proactive and some want to see exactly how the chips may fall. And i think that is a reflection of what you hear when you go to events when economists are bankers are talking, there are those saying, yeah, global slowdown, global recession, definitely 2020, and others say it will not happen. There isnt that consensus about how difficult the slowdown will get or if we are going to go into a recession and certainly if the us is going to be there before the election next year. Exactly. As you say, if we see the us lead this, or if we see china leave this, for example, and obviously the fundamentals of what a us and china trade war could mean for the Global Economy. Everyone isjust giving themselves. Guessing giving themselves. Guessing giving themselves a little more ammunition, as it stands at the minute. The bank of england has their meeting later today and a lot of people, at the beginning of the year, if we thought that brexit may have been sorted at some point in this year, thought the bank of england could be in a position to raise Interest Rates at some point in 2019. It doesnt look like that will happen. They will definitely hold Interest Rates today. And the bank of japan, definitely hold Interest Rates today. And the bank ofjapan, as definitely hold Interest Rates today. And the bank of japan, as you spoke about earlier, everyone starting to realise that while they may have been a bit overly pessimistic at the beginning of the year the road does look a bit more rocky than it currently is, in the future, and therefore having a little more Monetary Policy ammunition isnt the worst thing in the world. Thank you. We will talk a bit more about brexit and impact of sterling as well, so speak to you soon. Still to come getting your sweat on. We hearfrom the brains behinds the worlds first hot yoga studio on wheels youre with business live from bbc news. First, though, lets unpack further this news from next. Shares down 5 in london. The high street giant next has published strong for the first sixth months of the year. Sales were up 4. 3 and profits before tax up 2. 7 . That is the boss. But the chief executive warned of the problem of high street rents as Online Retail becomes more important high rents could mean more store closures. Retail analyst natalie berg has been looking at the figures. What should be read into this, because the stock is doing one thing, but the numbers on paper look like Something Else . You are right. Shares might be down this morning but on the whole next remains one of the great spots on the high street. I think they continue to defy the doom and gloom and that is due to a really unique business model. Next has hundreds of Stores Across the uk, presents our most high streets, but the majority of their sales take place online. I think that next has recognised that the role of the store has to evolve, and it is no longer purely about the transaction, no longer purely about generating sales within those four walls, but if they are to continue to grow in sales in a sustainable way, as contradictory as it sounds, they need their stores, because as shoppers we want to click and collect, we want the ease of return, soi collect, we want the ease of return, so i think next has done a greatjob repurposing the physical space to stay relevant to shoppers. We were discussing that earlier, when you go to next, there is a costa coffee shop, you go for a coffee, you end up shop, you go for a coffee, you end up buying something on the way out. There are the returns, as you mention, so you end up buying something in the store, but the ceo, along with so many others running high street stores, saying the rental cost and tax is just such a burden. Particularly if you look at the fact that store sales will continue to decline, because next is actively pushing shoppers online, they are actively allowing them to marry the best of both worlds, and thatis marry the best of both worlds, and that is really the way retail is moving, so from that point of view i think next are quite a visionary retailer, thinking 5 10 years down the road, but in the meantime rents are still a challenge. Thanks, natalie. Natalie berg, retail a nalyst, natalie. Natalie berg, retail analyst, on next. This story, serious breach of the parcel law. You can check that out on the website, business live. Youre watching business live our top story. Chinese telecoms giant huawei is launching its latest top of is launching its latest top of the range smartphones today but there will be one major thing missing the Google Software and apps most of us use all the time. A quick look at how the markets are faring. Little change as trading starts in london. You can seejust little change as trading starts in london. You can see just up 99 points at the moment. Next of course publishing their results, leading the fall, down 5 . If the idea of busting some yoga moves sounds bad enough, theres also the trend of hot yoga where you tweak your chi in hot and humid rooms. I thought that was a manoeuvre im not entirely sure. It is pronounced chi. Chai is the laughter chai is laughter chai is the tea . More sweat equals more helath benefits, as the theory goes. Now, you dont even have the excuse that your hot yoga centre is a bit too far away for you to get to. Anyway, you can see i dont do it, i dont even know the difference between chi and chai. Our next guest came up with the idea of the worlds first poratble hot yoga studio while downing pints in a pub with a friend. You step inside a purple glowing inflatable pod, heated to 37 degrees, while calming music is played and the scent is sprayed to help you unwind. There you go. Sounds like an extravaganza lets hear more about this from max henderson, co founder and ceo of hotpod yoga. You came up with this idea. You are not a devotee of yoga to start with . Not at all, i was very much a sceptic. I think like a lot of people. We launched in 2012, and i was a guy in my mid 20s, and like a lot of guys in their mid 20s, at that time particularly, yoga was com pletely that time particularly, yoga was completely from another planet, something that was a bit culty and strange and something i was not interested in, for sure. 0k. Strange and something i was not interested in, for sure. Ok. You enter your first class, and you were working as a Management Consultant at the time as a True Management co nsulta nt at the time as a true Management Consultant you decided to analyse this market, found pinch points, and realised it was perhaps not as monetising as it could be. Why did you decide that inflatable pods was the way to go . Less necessarily about inflatable pods. They were in about inflatable pods. They were in a way about inflatable pods