Its down again this morning. And in a global world, how important are National Standards . Well be talking with the British Standards Institution about keeping up with artificial intelligence, robots and deep machine learning. And a superstitious passenger has delayed a flight in shanghai after throwing coins at the engine for good luck today we want to know have your good luck charms ever backfired 7 let us know. Just use the hashtag bbcbizlive. Hello and welcome to Business Live. Now, another huge cyber attack is affecting businesses across the world. Those affected include banks, retailers, energy firms and transport networks. It means Many Companies cant access their Computer Systems and for some that means its impossible to get any work done. The virus was first detected in ukraine on tuesday but has quickly spread across the planet. According to russia based Kaspersky Labs more than 2,000 users have been attacked so far, but that number seems to be growing every hour. When users switch their computers on, theyre being asked to pay a ransom of 300 in the Digital Currency bitcoin to get their data back. Now, it appears that so far that more than 9,000 of payments have been made by 36 different users. Some of the worlds Biggest Companies have been hit including advertising giant wpp, Us Pharmaceuticals giants merck and russias biggest oil company, rosneft. Also affected is the worlds biggest shipping line, denmark based, maersk. Its ports in new york and newjersey have been impacted as well as europes largest harbour in rotterdam. With me is greg sim, chief executive of glasswall solutions, a Security Software company. Greg, hitting big companies. It seems enormous, but it is similar to other attacks. Where does it rank in the sort of the order of hack attacks . Well, its a big attack. It isa attacks . Well, its a big attack. It is a Global Attack as we can see. Is it surprising . Probably not. In the industry we see these things happening more and more and they will continue happening more and more. There is no doubt. You have Major Companies being hit by this. Do they not have the kind of protection that they ought to have . You find out, well, there is a mixture of things. First of all, many Large Companies have got a Legacy Operating System so they need to be updated and they dont update patches and the type of technologies that are trying to protect them are not up to scratch. They are looking for the viruses. Antivirus is a good example. When this Hit Yesterday our Intelligence Team checked and there was only ten out of 61 Antivirus Companies that had known it was an attack. If you put that into a layman point of view. Even the Antivirus Companies didnt know it was an attack . Correct. Remember theyre having to find that virus first of all and actuallyjust theyre having to find that virus first of all and actually just a theyre having to find that virus first of all and actuallyjust a few months ago the bbc announced over one million new variants of viruses a day. So if youre trying to find them. So these organisations struggle found the ones that are there, never mind the new ones. So businesses can be criticised for not doing enough to protect themselves, but if youre saying lots of Antivirus Software wouldnt have protected them from this attack . Correct. Can you understand why maybe some businesses arent doing enough because they dont think they can protect themselves . Well, they can protect themselves . Well, they can do more and businesses have got to a, empower their Security Partners more and theyve got to embrace more innovation. There are technologies there that work, that Do Fix Phishing Attacks and e mail attacks and documents that are weaponised and lots of different things, but unfortunately, theyre not empowering a lot, we see some Great Companies who have done really, really well and take it very, very seriously indeed because where does it end . When do the lights go off type of thing . Whats the mindset of the people who dont do enough to protect themselves . Why arent they . It ranges from heads in the sand. Its not going to happen to us. Well, if we get hit, you know, can we cover it up . Of course, even that now is getting very dangerous because reputational damage. Some of the firms have been quoted, you know, from a consumer point of view, well, im not going to trust them with my money or whatever it is, you know. So its going to get a lot more interesting as we go forward. I imagine we will be speaking to you again soon, greg. Thank you. Lets take a look at some of the other stories making the news the International Monetary fund has cuts its Growth Forecasts for the us economy due to uncertainty about President Trumps policies. The imf has cut this years expectation from 2. 3 to 2. 1 and next years from 2. 5 to 2. 1 . The imf said high Employment Rates made expansion hard and urged the us to maintain its commitment to free trade. More than a quarter of the worlds population is now using facebook every month according to the social platforms founder mark zuckerberg. More than two billion people have now signed up to use it since he created the company 13 years ago. An ambitious plan to provide broadband links to every corner of the globe by satellite has begun in france. The Aerospace Giant airbus and its partner, one web, have started the production of a mega satellite constellation to provide the service. 1. 7 billion has already been raised to fund the network which will rely on an initial 600 satellites. This is a lovely one. A shop in tyneside. This is a lovely one. A shop in tyneside. Thats in the north of england. Yes. It used to be called singhsburys, so it changed its way to morrisinghs. No, morrisons are fine about it he says the Colour Scheme is different. Thats his defence theres been yet more bad news for toshiba. The japanese conglomerate says it hasnt been able to finalise a deal to sell its Memory Chip Business to a government backed consortium. It needs to do that to raise cash after massive losses at its nuclear unit. And now it says it is suing one of its Business Partners that is trying to stop the deal. The money would help cover big losses at its us nuclear unit. Simon atkinson is in singapore. Simon, what more can you tell us about this . In the last couple of hours toshiba announced that it is suing western digital. It says that western has been trying to derail essentially its plans to sell off its Memory Chip Business. Western digital said it doesnt want the business to go to the consortium that toshiba has in mind, it would be not be in its interests and toshiba are keen to push the deal through and today it has announced it will sue them with costs linked to this deal not going through. You mention the huge amount of money that it owes after the collapse of its Nuclear Business and thats why its Nuclear Business and thats why it is so keen to push the deal through as soon as possible. Simon, thank you for that. Lets see how the markets have been getting on. Asian shares slumped overnight following the feeling on wall street. The delay to the Us Healthcare Reform Vote is increasing traders concerns that President Trump wont be able to push through all the tax reforms, deregulation, and Infrastructure Spending that they had hoped for and that many had already priced in. The european markets all closed down yesterday. They have opened up and fallen again this morning. Theyre down. The euro has rallied after European CentralBank President mario draghi hinted that the ecb could trim its stimulus this year. Joining us is nandini ramakrishnan, Global Market strategist atjp morgan asset management. This is a really interesting story. Draghi said it is no longer deflation, it is reflation. This is a Turning Point . So inflation coming back up. Prices changing month after month, year after year getting higher, means Consumers Want to spend more, more important for draghis case is acknowledging the growth in the eurozone. The Political Risk has subsided that we started the year worried about. A lot of good things in europe which he has acknowledged. As we saw in the market yesterday with that Acknowledgement Yields go up. Because were seeing the end of a long era when people are used to low Interest Rates and used to quantitative easing, as things change, are people going to struggle . The key reactions will be in the markets. So, institutions and investors who hold bonds will feel the brunt of that change soon, but we dont expect european Interest Rates to go much higher than they are. The first thing the ecb will reduce the qe programme that affects the bond markets more than Interest Rates. It is something that in a longer term as we get out of the post crisis help from Central Banks investors and consumers are going to have to be worried about. Perhaps higher Interest Rates going forward. I wanted to ask you about tech stocks. 0ver i wanted to ask you about tech stocks. Over the last couple of months we have seen a sell off and we have seen it again in the last 2a hours, havent we . Yes, we have. The tech space in the us has been hit in the past few weeks with big market moves. When tech gets in the us, thats such a large part of The S And P500 thats such a large part of the s and p 500 index, more than 20 of it is tech. When there is a move there it brings down the s and p 500. Some of the companies have high valuations so they have really, really rallied in price in the past few years so the small moves and news items that come out on specific ones of those. News items that come out on specific ones of those. Youre talking about google, arent you . Yes, i am. They got fined a couple of billion pounds, 2. 4 billion euros, does that affect everybody . It doesnt affect everybody necessarily. Its a risk if you read this headline, as an investor you think that maybe this can investor you think that maybe this ca n affect investor you think that maybe this can affect other companies that i have paid a lot for the thats the big thing we tell our investors, dont have all your money in one stock, you need to make sure youre diversified so one fine doesnt drag the index down. We have got to talk about oil. Where are we now, 45, are we stabilising a bit . We are stabilising a bit. We expected higher towards the end because we thought 0pec producers would cut back. We would expect supply to generally be lower and demand to be higher. We are seeing a bit of wea kness higher. We are seeing a bit of weakness in the oil price and we expect that to be going forward, maybe around the 50 mark throughout the course of this year, but thats lower than we initially expected. We will see you at the end of the programme to go through the papers. Still to come . Still to come and in a global world how important are National Standards . Well be talking with the British Standards Institution about keeping up with artificial intelligence, robots and deep machine learning. Youre with Business Live from bbc news. Electronics Retailer Dixons Carphone has reported a 4 rise in like for like sales for the year to 29th april. Pre tax profit was also up. The company said that the market appears to be holding up for them despite uncertainty. Theo leggett has been looking through the figures. A lot of Retail Stocks struggling at the moment, but car phone doesnt seem to be one of them . This is reassuring results from dixons car phone, jamie. It reached the £500 million barrierfor its pre tax profits for the first time. Like for like sales up 4 and Profit Margins pretty sta ble. Like sales up 4 and Profit Margins pretty stable. So all of that looks solid and given that there are fears for the health of the british high street at the moment, that comes across as reassuring and dixons Car Phone Shares are up this morning. It is in some senses a mixed picture though because if you look at the electricicals business, thats selling washing machines, computers, gaming, all that side of the business, thats doing well, but the mobile phones business, the old Carphone Warehouse part of the business, thats looking as the company says a bit more challenging and there are various reasons for that. One is that Handset Prices are getting higher and thats eroding Profit Margins. There was the recall of the Galaxy Note 7 and the samsung model that had a tendency to burst into fla m es model that had a tendency to burst into flames last year. That had an impact on sales. There are other problems as well. For example, an increasing number of consumers getting sim only contracts. There are competitive sim only contracts out there. Thats competition. The pictures are is a positive one. It is International Business which it has been slimming down, but it has operations in the Nordic Countries and greece, thats been doing well and greece, thats been doing well and because of the weakness in the pound, sterling against euro, reve nu es pound, sterling against euro, revenues are worth more so thats been positive too. Thank you for a comprehensive round up. The biggest fall on the ftse is this company, because uk regulators will investigate investment platforms. You may have your investment on a platform, Companies Take in money which an investor wants to put in and it will decide where to put it, what companies to invest it in. These will be investigated, and the market does not like it at the moment. Youre watching Business Live. Our top story. Companies across the globe are reporting that they have been struck by a major ransomware cyberattack. The virus freezes the users computer until an untraceable ransom is paid in the Digital Currency bitcoin. A quick look at how markets are faring. And now lets get the inside track on the British Standards Institution. It was founded on the same day Queen Victoria died in 1901 to Set Standards for industry to follow. Its first task, to harmonize the size of tramway rails. And from that simple task it has grown into publishing nearly 2,700 standards a year. In the uk it is best known for its kite mark quality standard. But while it is primarily setting british standards, it now has 80 offices in 30 countries and employs over 3,800 staff. Joining me is howard kerr, global chief executive of the British Standards Institution. Im not sure if we were quite accurate, does britain make up the most amount of your standards . Only 596 most amount of your standards . Only 5 of our standards are purely british, the interNational Standards environment is made up of local, national and regional standards. You go Around The World Setting Standards in Different Countries . We shape the standards with industry and with regulators and academics and with regulators and academics and consumer groups to make sure that Best Practices are available to use. We collaborate with other countries and bodies to elevate those standards, leading to an to a universal standard. That is the holy grail. National standards which address and National Issues are still relevant, but increasingly wea k still relevant, but increasingly weak or international. One of the big issues facing everybody is the oncoming internet of things, d riverless oncoming internet of things, driverless cars, your phone talking to your house, you have been looking at standards for artificial intelligence, how does that begin . Do somebody call you and say, we are making driverless cars, lets set some ground rules . Who do you get to come into the room . An important pa rt come into the room