this is bbc world news, the headlines. north korea has fired another ballistic missile off its east coast into the sea of japan. it's the eleventh launch this year. initial estimates from the militaries in south korea and japan indicate it flew for about a0 minutes. there've been fierce clashes as the iraqi military tries to capture the last stronghold of the extremist group, the so—called islamic state, in mosul. fighting is centred on the old city, which is being rocked by air strikes and artillery. most cancer patients in england could be offered genetic tests within five years under proposals outlined by the chief medical officer. it would see millions of patients having their dna mapped in order to find the best treatments. floods in central and southern china have killed at least 33 people and forced hundreds of thousands from their homes. water levels in more than 60 rivers have risen above danger levels. now it's time for

world business report. it's 241 years to the day since the us founding fathers signed the declaration of independence — now, there's another man in charge. as global leaders prepare to meet later this week, we'll look at whether donald trump's policies are a step forward for the world's biggest economy. and we'll look at the issues facing female entrepreneurs after a new report points to a glass ceiling in start—up funding. what can be done to bridge the gap? we'll hear from a leading businesswoman whose billion dollar business is set to list on the new york stock exchange. welcome to world business report. i'm rachel horne. it's the fourth ofjuly and while americans will be taking

the day off to mark independence day, the republicans and democrats will have differing views on whether the state of the country's economy gives cause for celebration. the self—styled ceo president wants america to grow by 3% a year — a level not seen for over a decade. with growth currently atjust i.6%, how exactly does he plan on doing it? central to his plan is the renegotiation of us trade deals. the trump administration now says that it plans to start talks over the north america free trade agreement as soon as practicable. similarly, the president has pulled out of a global climate agreement saying he will not be part of a deal that disadvantages us businesses and workers. mr trump is also trying to push through a new healthcare deal which is estimated to bring federal deficits down by $119 billion — but crucially would also leave 23 million people without health insurance.

so could these, and other aggressive policies give trump his 3% growth rate? well the imf doesn't think so — they have now downgraded growth forecasts to 2.1%. with me is kate andrews, news editor at the institute of economic affairs. i will start by saying happy independence day! how can he get to the 3% target? it is independence day! how can he get to the 396 target? it is looking more and more like an uphill battle. what isa and more like an uphill battle. what is a crucial points of getting that growth rate is getting through tax reforms. despite the fact that republicans have a majority, there is so much fighting going on with them and so much disarray that it doesn't seem like those things are going forward at the moment. my guess is that the imf and others are looking at that and thinking, those targets a re looking at that and thinking, those targets are not going to be hit. if donald trump does not get these major policies through soon, we will

not see this occur in time to give him credit for the 3% growth rate. he needs to stop tweeting and deal with the issues on that table. talking about the trade agreements, he discussed but a lot in his presidential campaign. he said it was a catastrophe. but then after he was a catastrophe. but then after he was let it, he said, actually, he was let it, he said, actually, he was going to keep it and renegotiate it. we have not heard much since? no, but thank goodness he did a u—turn on that. he wants to renegotiated because he does not like the idea of more imports coming in to america than exports going out. on the fourth ofjuly, i think this really hits home. so many people will be buying cheap hotdogs, sparklers, things for the fourth of july, the truth of the matter is that those cheaper imports reflect on the purchasing power. consumers are able to purchase those things,

and consumer confidence has been brought down so much. when he is threatening those kinds of things, he is threatening the purchasing power of individuals. we have not heard much. my suspicion is that he goes hard on this, and if he takes that carbone, protectionist attitude, he will continue to hurt growth in america. tax reforms were also a huge part of his election campaign. he is having trouble getting the health—care bill through congress. if tax reform is something he could get through, that could deliver him his 3%? what are the chances of him getting it through? tax reform is where the republicans should be most united. most republicans think that the tax system needs to be simplified, especially things like corporation tax needs to come down to become more competitive. it is very possible that he will get tax reform through. is he prioritising this rather than attacking news outlets?

can he play the role of the leader? he needs to do that to get his vote on the table. thank you very much for your time. a new report from the wharton business school says venture capitalists who provide funding for start—ups have an inbuilt bias against female entrepreneurs. from new york, samira hussain reports. soulecle, it's loud, it's dark and it is popular with women. it has propelled this brand from a single studio to a national phenomenon. soon, it will be available on the public stock exchange. but does its dependence on women speak to the wider trend of women starting female focused companies?” wider trend of women starting female focused companies? i believe ultimately what investors are looking for are businesses with sound fundamentals. have you driven

that you are able to grow your business and are you making returns on your capital? studies have shown that women are more reluctant to get into business. a good in is solving a problem you have personally faced. that was how an alternative to tampons was born. i never used to be an entrepreneur. i was terrified of becoming one. the likelihood of success is slim to none. i was facing a very deep, profound personal problem, and i knew that i had to solve it. if female entrepreneurs only focus on solving their own problems that are key to women, we arejust their own problems that are key to women, we are just reinforcing the same stereotypes that have plagued women in business for years. stereotypes about what men and women are good at, the traits that they possess , are good at, the traits that they possess, they are more exaggerated than reality. in most businesses, men and women are probably equally

likely to have the traits needed to be successful is. the perception is worse than the reality. less than 596 of fortune 500 companies have female ceos. while more women than ever are starting businesses, it is still far less tha n starting businesses, it is still far less than men. if the card is ever going to receive the full benefits of gender equality, everyone will need to rethink what businesses women can succeed need to rethink what businesses women can succeed in. the australian central bank has just made its latest policy decision. let's cross straight over to our asia business hub in singapore where rico hizon has more. rico hizonjoins us from our asia business hub in singapore. everyone is awaiting the decision from the reserve bank. it should have come out about eight minutes ago, but there is still no decision. they are probably still deciding whether to keep rates on hold. the

expectation is that the federal bank will sit on interest rates for now. rates remain at a historic low of 1.596, rates remain at a historic low of i.5%, that is where they have been since august last year. we will be watching very closely for the statement where they will be upgrading their economic outlook. growth has appeared slightly slower over the last few quarters, many areas hit by the slowdown in commodity prices. some of them are in recession. last month, australia reported gross domestic product for the first quarter rose i7% on the year, which did beat market expectations. with a strengthening jobs to market ratio, it could change course in the coming months. the economic calendar is busy this week, with readings across a

poverty, manufacture and trade giving us some direction on how the bank could decide going forward. the general consensus is that the reserve bank will sit for the remainder of the year, and early next year, and they could potentially raise rates by the middle or end of next year. in the next hour of the world business report, i should next hour of the world business report, ishould be next hour of the world business report, i should be able to give an update on whether or not the australian central bank will raise interest rates or not. don't forget you can get in touch with me and some of the team on twitter, i'm @bbcrachelhorne. a new report warns that nearly 700,000 children in england

are living in families described as high risk. the report by the children's commissioner, anne longfield, also says many vulnerable young people struggle with abuse or mental health problems. it concludes that large numbers of children who need help are invisible to the authorities. caroline rigby reports. whether victims of abuse, living in u nsta ble whether victims of abuse, living in unstable households or other issues, there are many reasons that children could be vulnerable. the children's commissionerfor could be vulnerable. the children's commissioner for england as the data doesn't effectively report those at risk. she says these children are often invisible and don't receive the support they need. the report aims to produce an accurate picture of the scale of the problem. it found nearly 700,000 children live in high—risk families. almost 30,000 live with adults receiving drug or

alcohol treatment. 200,000 are recognised as having experienced abuse or trauma. there are almost 600,000 cases where the state had to step in to provide support. the fact is that nobody knows at the moment how many vulnerable children there. we have had 12 statisticians working overfour we have had 12 statisticians working over four months we have had 12 statisticians working overfour months on we have had 12 statisticians working over four months on the best data available, and this is the best estimate we can get to. we also know, while the statistics are shocking, they are the tip of the iceberg. the children's minister says support for vulnerable children is being given across the government, but says there is more to do. coming up at 6am on breakfast, dan walker and louise minchin will have all the day's news, business and sport. they'll also have more on public sector pay. this is bbc news.

the latest headlines: north korea has fired another ballistic missile off its east coast into the sea of japan. it's the eleventh launch this year. initial estimates from the militaries in south korea and japan indicate it flew for about 40 minutes. there've been fierce clashes as the iraqi military tries to capture the last stronghold of the extremist group, the so—called islamic state, in mosul. fighting is centred on the old city, which is being rocked by air strikes and artillery. most cancer patients in england could be offered genetic tests within five years under proposals outlined by the chief medical officer. it would see millions of patients having their dna mapped in order to find the best treatments. floods in central and southern china have killed at least 33 people now it's time to take a look at the front pages.

racheljoins us. the financial times has a warning from chinese president xijinping to his american counterpart. in a phone call, he talked to president trump about — in his words — "negative factors" that are emerging in their diplomatic relationship. the leaders are set to meet at the g20 summit this week. le figaro has the speech given by french president emmanuel macron where he proposed a major overhaul of the government. he also said the eu has lost its way, and could do with a new generation of leaders. (pres i + ani) german financial hub frankfurt is looking to make —— german financial hub frankfurt is looking to make post—brexit deals to attract international banks. it's offering exemptions from aspects of its labour laws, which currently make it difficult to fire people. that's also in the ft. in the daily telegraph, uk charities may face hefty fines if they continue to pester member of the public by phone, text or email.

the new rules are being introduced this week. a shattered—looking stan wawrinka has been knocked out of wimbledon. seen here on the independent, the fifth seed lost to 2! year old daniil medvedev on the first day of play. would you forget your head if it wasn't screwed on? well, researchers in the times claim memory lapses are actually good for your brain. they say our brains actively promote forgetting, to help with overall efficiency. thank goodness —— thank goodness that, i am so relieved. with me us lawrence gosling — editor—in—chief of investment week. we will talk about the getting stuck ina minute we will talk about the getting stuck in a minute because i am