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securing a hotel room for the 620 summit in hamburg. so today we want to know what you have missed out on by waiting too late to book? just let us know use the hashtag bbcbizlive. hello and welcome to business live. we start in hamburg, germany where as you ve been hearing, leaders of the 620 group of the world s top economies are gathering. concerns over free trade and the environment are high on the agenda. but for europe equally pressing is the migration crisis. record numbers of migrants from sub saharan africa have been heading into the eu increasingly across the mediterranean via italy as this map shows. the final destination for many is 6ermany where migration related costs are projected to top $100bn by 2020. chancellor angela merkel has made it clear that she thinks other countries must shoulder more of the burden last year alone 6ermany saw almost three quarters of a million people apply for asylum. there are fears that climate change and poverty could ....
the usb memory stick. he sold the firm for $1.6 billion but describes it as one of his biggest regrets. stay tuned and we ll tell you why. and as lab grown diamonds become more popular, today we want to know, would you mind if the diamond in your engagement ring was man made. let us know. just use the hashtag bbcbizlive. hello and welcome to business live. later today the uk s trade secretary liam fox will be in washington to discuss a preliminary trade deal ahead of britain s departure from the european union. a final trade agreement cannot be ratified until the uk formally leaves the eu, but the two nations are keen to lay the foundations for what the us president expects to be, a very, very big deal . in an interview with the bbc, mr fox said that uk us trade is currently worth nearly $220 billion. but this could increase by as much as $52 billion if trade barriers between the countries are removed. for now though the process cannot begin in earnest because the uk i ....
retailers which is trying to break into some of asia s biggest markets. bland and boring, today we want to know, what s the best named town you ve ever visited. just use the hashtag bbcbizlive. hello and welcome to business live. in just under an hour, the uk will unveil its latest growth numbers for the three months to the end ofjune. earlier this week the international monetary fund warned that weaker economic activity means both the us and uk will expand more slowly than expected this year. however, in the numbers due out this morning, economists are expecting the uk s growth rate will have risen slightly in the last three months to 0.3%. it was 0.2% in the first quarter. following the brexit vote, the pound fell. this put pressure on prices and last month inflation stayed above the bank of england s 2% target rate. and higher prices partly from imported goods are having an impact on consumer spending. now according to visa household expenditure fell 0.3% last ....
territory. we will have a look at the markets later. and piggy backing a mobile network. we ll be looking at the growing trend of virtual network operators and ask who s winning the consumer or the company? and as facebook earnings surge 71% and its number of friends swell to over 2 billion, today we want to know are you a facebook friend or foe and why? let us know. just use the hashtag bbcbizlive. i have just sent to a friend request, i hope it will be accept it! hello and welcome to business live. we start in silicon valley where it seems there is no stopping the world s biggest social network. facebook has seen another huge jump in profits as advertising revenues keep on rising let s show you just how big. in the three months to the end ofjune, facebook made a net profit of $3.89 billion. that s a jump of 71% on the same period last year and better than wall street was expecting. injune, the number of active monthly users crossed the two billion mark. that m ....
muted start. and chlorinated chickens, the electric mini and tech titans we ll be looking at what s been a busy week in today we want to know does great wealth bring great responsibility? yesterday amazon founder jeff bezos was, briefly, the richest person in the world what would you do if it was you? just use the hashtag bbcbizlive. hello and welcome to business live. we start with retail giant amazon it has seen its shares fall sharply after its latest figures disappointed wall street. the good news it is raking in huge sums of money as its sales keep expanding. the bad news it s spending a fortune on developing its business and that is making investors nervous. let s show you the details. total sales in the three months tojune jumped almost a quarter compared to last year to just under $38 billion. unfortunately they spent almost all of it! operating expenses surged to well over $37 billion. that means there wasn t much actual profit a comparatively ....