For luxury goods from britain is being turned into an upmarket hotel in the middle east. In the wake of the story that two girls have been grounded by United Airlines for wearing leggings we want to know has the airline gone too far . Or is it reasonable for an employer to dictate the dress code for the family of employees . What do you think . Let us know using the hashtag bbcbizlive. Welcome to the programme. Lower oil prices might be good for consumers it keeps Energy Prices down as well as transport and distribution costs for businesses. But its not good for Oil Producing nations. And this weekend, many of them met to discuss what they can do to boost prices. One option is to cut output again. When supply falls, prices tend to rise. Oil prices rose sharply when producers agreed to cut production in november and whilst prices held up for a while theres been a drop of around 10 in the last few weeks. And that can have a huge impact of the economies of Oil Producing countries. Many rely on the money it brings in to Fund Government spending. The biggest opec producer, saudi arabia, wants 60 per barrel. So why is it falling . Well, theres been an increase in Global Reserves of oil. The us is the worlds biggest consumer and last week its the us is the worlds biggest consumer and last week its stockpiles of crude oil hit 533 millionbarrels. Theres also renewed pressure from Us Shale Oil Producers who are increasing supply. As you can see here the number of active us rigs drilling for oil has doubled since may last year. Iain armstrong is an oil and gas analyst at the Wealth Management firm brewin dolphin. Good to see you. Give us more detail about what we have learned from the weekends meetings. What we have learned is that they still need more clarification on the accuracy of the numbers coming through. With regards to the opec numbers, we know in february opec has done a good job in terms of compliance but the non opec members of the 21 who signed up havent done, theyre only 64 compliant. So theyve got to do Something Better before something can be changed with regards to the, either extending the agreement, or actually as even suggested maybe increasing the production cut. What do you think is likely to happen . Theyll meet fully in may, obviously this current deal that they agreed in november is in place untiljune. Is it more than likely theyll extend the period of time for the Production Cuts theyve in place at the moment . Its going to depend on a few things. One of the most important things is the rate of demand, increase in demand. We are 110w demand, increase in demand. We are now getting into the main demand season, particularly in the us. As ben pointed out, theres been a large increase in the crude oil inventories. The other side of that coin, though, is theres been a sharp fall in the level of distilate for diesel and gasoline inventories, so for diesel and gasoline inventories, so going into the driving season its slightly, its more complicated than the Crude Numbers would suggest and if we do have a decent driving season and if we do have a decent driving season then the level at least of the Us Inventories will drop. If you can take that across the globe, then hopefully also the level of global inventories will drop, probably by the Third Quarter and thats what the Third Quarter and thats what the Oman Minister was saying. I agree with him. Thats why i think when we come to may theyll probably say lets do it for nor six months. Also, something that has shifted that ben pointed out is the increase in production in the us in terms of shea production. Thats something that saudi arabia has been watching very closely shale. Its something they hoped may not be such a big threat in terms of a threat to their income in terms of the price of oil. Again its more complicated than just it looks like the numbers, the increase in the rigs is a good start, but you have what is called drilled but uncompleted, and there isa drilled but uncompleted, and there is a lot of those rigs, without getting into too much detail, but you buy a lease in the states. If you buy a lease in the states. If you dont drill on that lease you will lose that lease. What you do is you drill on that leezjust to make sure that you deep the lease. So a lot of the number thats been reported is not necessarily going to turn into production. There will be higher production this year and definitely in 2018. But its not as clear cut as the rig count would suggest. All right, thank you for your time. As ever, the devil is in the detail on this. We will try to keep you up to date with any developments that will affect the price of oil. Its worth saying us light crude is 47. 5 price of oil. Its worth saying us light crude is 47. 5 a price of oil. Its worth saying us light crude is 47. 5 a barrel. Brent is 50, just shy of 50. Theyre both down. Worth keeping an eye back on top on worth keeping an eye on what happens as a result of that meeting. Delays in installing Internet Connections are expected to end up costing the uk Telecoms Firm bt more than 420m. The Company Installs wholesale services for rivals and most of the payments will be compensation to them. The Regulator Ofen has also issued a 52m fine which it says is the largest its ever handed out. Tens of thousands of people in chile have taken part in demonstrations calling for the government to scrap the countrys controversial privatised pension system. Critics say it benefits the administrators and the wealthy but leaves poorer chileans with a final pension of less than 400 a month. Thats below the minimum wage. There is more to read about in terms of Business Stories on our website. Bt shares are falling today in london. A few companies are falling in london on the ftse 100, london. A few companies are falling in london on the ftse100, we will talk about that. Before we head to asia, a story here discussing mtr, its been awarded the franchise for crossrail, the trans london line. It has also been awarded the South West Trains franchise f you are watching outside the uk you may not know that theres so much debate about who runs trains in this country. Lots of delays and strikes and lots of problems of late on a number of different franchises. Quite a significant moment. Mtr runs the hong kong metro. And we are going to head there now. The first woman elected as leader of hong kong has vowed to heal divisions amid demands for more democracy and protests at mainland chinas growing influence. Carrie lam had the backing of the Chinese Government and was widely expected to win. But what do businesses make of the territorys new Chief Executive . Juliana liu is in hong kong. Bring us up to date because its interesting when you talk about what business there wants and what they wa nt business there wants and what they want in the territory, have they got the right woman . Well, they certainly think so, even before yesterdays vote we had a number of tycoons here in hong kong coming out publicly in support of carrie lam, she was selected by a economy of 1200 people, less than 1200 and many are from the business sector. Given she won such strong support its clear the Business Community supports her. There are issues, though. The issue is that over the last few years she has become a polarising person, a politically divisive person. She was the one in charge of pushing through a political reform package that was unpopular and eventually led to the 2014 protests which paralysed the city for weeks. Now she is the Chief Executive elect we are expecting more protests. At least one Political Party has said they intend to start another Civil Disobedience Movement injuly to start another Civil Disobedience Movement in july when to start another Civil Disobedience Movement injuly when she takes office. We will keep a close eye to see what difference that makes, thank you very much. Lets stay in the region there. Toshibas loss hit us nuclear unit could be placed under Bankruptcy Protection as early as this week, a report said monday, sending shares down just over 2 . The company has now lost more than half its market value since late december, when it warned of multi billion dollar losses at westinghouse and said it was investigating claims of Accounting Fraud by Senior Executives at the division. In the us, the decline in us stocks last week was the biggest one week decline since the us election, some say it reflects concern that the optimism about president trumps promises has been questioned. This is what europe looks like. Its a big week for the pound as the uk government prepares to start the Divorce Proceedings against the eu. It fires the starting gun on the process by triggering article 50 on wednesday. This could well prompt some sterling weakness in the short term. More on that in a moment, but first to the us and the day ahead on wall street. Heres samira hussain. This is the last week of march and what will dominate is manufacturing data and consumer surveys. What will be most closely watched is Consumer Spending numbers which come out on friday. Two thirds of the us economy depends on Consumer Spending so this is an important number to keep in mind. Injanuary, is an important number to keep in mind. In january, Consumer Spending was up 0. 0. 2 and investors are expecting a similar gain for february. On wednesday, the Congressional Budget Office will release its analysis of the budgetary changes to spending programmes and the tax code proposed in the president s budget and on friday, blackberry will be reporting earnings. The company is moving away from smartphone hardware to concentrate on software and analysts will be looking to see if it will pay off. Trevor greetham is with us from Royal London Asset management. Good to see you, how are you . Very well. How are you . Very well. Now you have been scribbling notes ever since you arrived, writing on that little piece of paper, its going to be another very interesting week for markets. We saw a shift last week in terms of sentiment on Global Markets and you feel its carrying on. Yes, this is the first period of turbulence really we have seen in about a year. If you think about the Stock Markets, theyve risen very broadly over the last 12 months. Sailed through brexit, they sailed through trumps election victory. Both of these things meant more stimulus from Central Banks. Now theyre at the point where growth is strong and prices are quite high, and the concern is if trump cant Get Obamacare repealed, how can he Get Obamacare repealed, how can he get tax reform orfurther stimulus through . The markets are starting to say maybe we get trump without the good bits. It was late on friday when it unravelled. The obamacare issue, i mean. Most of the markets we re issue, i mean. Most of the markets were closed, theyre following through today. I think the real question is is there enough growth in the world to keep stock prices rising and enough stimulus to keep them rising . Its interesting to hear about the oil price staying low at the moment because you are likely to see inflation fall in the second half of the year, if the oil price stays where it is. That will mean Central Banks will feel its ok to keep thejuice Central Banks will feel its ok to keep the juice flowing for longer. Its fairly positive, but there is some turbulence. And turbulence could come on wednesday. We begin officially the Divorce Proceedings, article 50 is triggered we are told on wednesday. Again its a same sort of debate, nothing changes particularly in the short term. But we start to get an idea of the longer term, is that the point . dont know if even we will get the longer term, the markets know about article 50 by now very well. They know about the triggering of it this week. What may be new news is hard to predict is the kind of relationship and the way the negotiations start. I think there are negotiations start. I think there a re lots of negotiations start. I think there are lots of reasons to think there will be periods of turbulence again in the Currency Markets over the next few months, particularly with this focus on the so called divorce bill which the europeans want us to sort out upfront. So watch out for the Stock Markets wobbling in the near term and watch out for potential downside on the pound. There will be more scribbling for to you do on wednesday. Thank you very much. Still to come well be getting the inside track on how british Afternoon Tea has become part of an up market Hotel Experience in the middle east. Youre with Business Live from bbc news. Bt has been fined £42 million by the telecoms Regulator Ofcom for delays in installing high speed lines. It is the largest fine the regulator has ever imposed. It comes after bts Openreach Division cut how much it paid Telecoms Providers for delays in installing lines between 2013 and 2014. Joining us now is gaucho rasmussen, director of investigations and enforcement at ofcom. Thank you for being on the programme. Good morning. This is the biggest fine to be handed out so far. Tell us what bt has been doing . Well, this is the biggest fine because it relates to a very important part of the uk economy. This is the backbone of our digital network. Bt was found to have breached this contract with some of its customers and other Telecoms Providers and other providers such as vodafone and talktalk by the way it rolled out the broadband lines. They should have given appropriate notice in a reasonable time frame so people knew when the lines would be rolled out so if there is any delay and if there is delay bt maybe obliged to pay compensation. We have found that bt did not pay the appropriate amount of compensation because of the breach it engaged in. Clearly, we know that openreach will be split off from bt, it creates a new legal entity and one that many of the competitors have welcomed. How significant is this in light of that . I would say the investigation relates to historic conducts and so that was then and openreach arrangements where bt basically have met all our requirements in full is a forward looking change that we think will proindividual a robust and independent openreach to serve all its customers well. 0k, it is good to talk to you. Thank you. The £42 million fine imposed on bt. Bt has changed. It says we have put our problems in order. Adding there has been real and tangible change at bt. Bt. Bt shares are down 2 in london. No surprise. Youre watching Business Live. Our top story, major Oil Producers are considering a plan to boost prices. A quick look at how markets are faring. Not a good start to a brand new trading week. London bearing the brunt. Many Mining Stocks are down. Energy stocks are down. Bt is down. Not much headed upwards. The gold price is. People are coming ot of anything risky and going into anything risky and going into anything safe. Have you been shopping this weekend . Is that why . No. I have not boosted the price of gold on my own. I wish i had that power now lets get the inside track on the growing demand for Quintessentially British luxury from the rest of the world. It is something our next guest is hoping will help her hotel stand out from the crowd in dubai. The middle eastern state is one of the seven United Arab Emirates which have become one of the regions most important economic centres. Dubai Department Of Tourism says more 14 million visitors come to its shores every year. On average each visitor spends 140 a night on accommodation. Out of dubais 681 hotels 96 are five stars and have an average occupancy of 77 . Im joined by debrah dhugga, Managing Director of dukes collection. Welcome to the programme. So you are moving what is the dukes hotel, youre replicating the dukes hotel in london, it is a very british established iconic brand to dubai. Why dubai . Thats correct. Dukes, london, 116 years old so a lot of history to it and the locals, the uae market actually adore anything british. So in dubai there is a lot of glitz and glam and a lot of great hotels. A lot of stunning hotels, but there is nothing Quintessentially British. We were looking to take and expand our company with dukes brand and we looked about where we would go, where isnt there th