Browse content similar to 02/05/2014. Check below for episodes and series from the same categories and more!
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disgraced former cabinet minister, Chris Huhne, over a scandal | :00:00. | :00:00. | |
regarding his speeding points. Political crisis and a shrinking | :00:00. | :00:18. | |
economy, how much more damage than Thailand's political stalemate do to | :00:19. | :00:24. | |
the country's finances? And, air Asia revs up for takeoff in India, | :00:25. | :00:34. | |
we find out how it plans to compete. Work to Asia Business Report. | :00:35. | :00:39. | |
Thailand may be a step closer to ending its long`running political | :00:40. | :00:44. | |
crisis. PM Yingluck Shinawatra's caretaker government has agreed to | :00:45. | :00:47. | |
hold a new election in July, following months of street protest. | :00:48. | :00:52. | |
The PM still faces the risk of being removed from office by the courts. | :00:53. | :00:57. | |
She has been given until today to submit her defence against | :00:58. | :01:00. | |
allegations of abuse of power, but she is not expected to testify in | :01:01. | :01:04. | |
court. The crisis has taken its toll on Thailand's economy, and we speak | :01:05. | :01:13. | |
to an Asia economist. The key factor will be to what extent we see a | :01:14. | :01:19. | |
rebound in domestic confidence, and there has to be some clarity on the | :01:20. | :01:25. | |
political front. Without clarity, investment can't take place and | :01:26. | :01:32. | |
commerce will stagnate. US confident as the finance ministry, which is | :01:33. | :01:37. | |
sticking to its forecast of growth of 6.4% for this year? It is only | :01:38. | :01:41. | |
forecasting one quarter of retraction, you think could get 2/4 | :01:42. | :01:48. | |
of contraction? I think officials like to be optimistic, any | :01:49. | :01:54. | |
assumption that hopefully political clarity could become clearer in the | :01:55. | :01:58. | |
next weeks and months. For that to happen, exporters to recover, the | :01:59. | :02:03. | |
global economy has to be firm, and investment in consumption has to | :02:04. | :02:07. | |
take place. I'm not sure that will happen just yet. How big an impact | :02:08. | :02:10. | |
as it had on investment and consumption? Water companies | :02:11. | :02:16. | |
businesses doing? We are not quite sure how the political uncertainty | :02:17. | :02:20. | |
can drag on, let's hold onto investment decisions, holding onto | :02:21. | :02:25. | |
expansion, because consumers are not doing anything, the companies are | :02:26. | :02:28. | |
not going to take the lead. What risks that a new election will not | :02:29. | :02:36. | |
resolve anything? If companies are still set on the goal, but they do | :02:37. | :02:49. | |
not want Yingluck Shinawatra or taxi near what are in power, then it is | :02:50. | :02:52. | |
something that could go on for months. After eight years at the | :02:53. | :02:59. | |
helm, the boss of the Ford Motor Co, Alan Mullaly, is stepping down. His | :03:00. | :03:07. | |
era came to an end with much fanfare, as he is credited with | :03:08. | :03:15. | |
rescuing the country from the global financial crisis. Mark Fields is set | :03:16. | :03:23. | |
to replace him. I will build on their success, we would like to | :03:24. | :03:26. | |
accelerate our pace of progress, because we are just starting to see | :03:27. | :03:30. | |
the benefits and the power of the one Ford plan. To China, where | :03:31. | :03:36. | |
possible new rules on the use of commodities to back loans are | :03:37. | :03:39. | |
pushing down the price of iron ore, and could in turn cause problems for | :03:40. | :03:45. | |
the steel mills. Steel mills have been one side of | :03:46. | :03:51. | |
China's dynamic economy. They are the backbone of China's skyscrapers | :03:52. | :03:58. | |
and factories. The key ingredient of steel is iron ore, which has seen | :03:59. | :04:01. | |
its price pushed up, by China's insatiable demand. China is the | :04:02. | :04:07. | |
biggest importer of iron ore in the world, taking approximately 60% of | :04:08. | :04:12. | |
the iron ore market. At the moment it is very much demand driven, | :04:13. | :04:16. | |
rather than the supply side of the balance sheet. Export out of | :04:17. | :04:21. | |
Australia, that is fine, and we are really looking at what is happening | :04:22. | :04:25. | |
in China. We are looking at macro growth, whether China can maintain | :04:26. | :04:29. | |
its growth targets, which have been set above 7%. The Margaret is very | :04:30. | :04:38. | |
set on what is happening `` market. And, whether it can be facilitated, | :04:39. | :04:44. | |
which is the availability of credit. Since the economy slowed, stocks of | :04:45. | :04:47. | |
iron or built up and prices fell. The problem is, many of these steel | :04:48. | :04:52. | |
mills not only possessed iron ore, but used it as a form of trade | :04:53. | :04:57. | |
finance. In other words, they used it as collateral for loans. | :04:58. | :05:02. | |
Authorities are now concerned about the risks behind such deals. To | :05:03. | :05:07. | |
address these fears, regulators have asked banks to re`examine how iron | :05:08. | :05:13. | |
ore imports are paid for. That could make matters worse. On the back of | :05:14. | :05:18. | |
this announcement, the price of iron or futures fell dramatically in | :05:19. | :05:21. | |
recent days. Investors are now concerned that a flood of iron ore | :05:22. | :05:25. | |
stocks may be dumped in the market, which would push prices down even | :05:26. | :05:30. | |
further. Microsoft says users of its Windows | :05:31. | :05:34. | |
XP operating system will also get the security update it has issued to | :05:35. | :05:37. | |
fix a flaw in the Internet Explorer browser. It issued the update on | :05:38. | :05:43. | |
Thursday to fix the bug, that could let hackers gained access and user | :05:44. | :05:48. | |
rights to computers. Microsoft ended support for Windows XP earlier this | :05:49. | :05:52. | |
month, which means no bug fixes and security updates for it. But, they | :05:53. | :05:56. | |
decided to make an exception, as the flaw was decided just days after it | :05:57. | :06:03. | |
ended. Sony is warning it could have losses of nearly $1.3 billion this | :06:04. | :06:07. | |
year. The Japanese electronics giant is planning a costly exit from the | :06:08. | :06:10. | |
personal computer business. It has also slashed its earnings outlook in | :06:11. | :06:16. | |
the face of a major restructure that will see 5000 jobs cut from its | :06:17. | :06:23. | |
struggling computer and television division. Opponents to the | :06:24. | :06:37. | |
government have demonstrated in Kuala Lumpur. | :06:38. | :06:46. | |
Malaysian budget carrier Air Asia is thought to be the first | :06:47. | :06:53. | |
international brand to fly domestic routes in India. Low`cost airlines | :06:54. | :06:56. | |
have struggled in India, so how does Air Asia plan to compete? We caught | :06:57. | :07:01. | |
up with the chief executive of Air Asia India, to find out. We're | :07:02. | :07:07. | |
dealing with a cost structure that is significantly higher than most | :07:08. | :07:12. | |
other countries. We have fuel, which is extremely expensive, tax on fuel | :07:13. | :07:16. | |
which is very expensive. Bundle those together, and 50% of your P | :07:17. | :07:23. | |
is blocked in. Then, we have issues around payroll, salaries, and | :07:24. | :07:31. | |
infrastructure costs. The areas in which you can optimise that had to | :07:32. | :07:35. | |
do with pushing revenues up, and that is not by raising fares, but by | :07:36. | :07:39. | |
making sure the volumes are being catered to. It is by constantly | :07:40. | :07:43. | |
looking at your costs in bringing back down. How has the competition | :07:44. | :07:47. | |
welcomed you? They weren't happy when you announced your plans of | :07:48. | :07:51. | |
entering in their. That is a good question! I think we welcome the | :07:52. | :07:55. | |
competition, and I truly believe in that. I think competition is a great | :07:56. | :08:00. | |
thing, and no competitor is going to just let us walk in through the | :08:01. | :08:05. | |
front door. It has not been easy, there has been a lot of fighting | :08:06. | :08:14. | |
going on, and I think it is going to be a beautiful thing, and the only | :08:15. | :08:16. | |
people who will benefit other people India. You can see more on that and | :08:17. | :08:22. | |
other business stories from across India this weekend on India Is this | :08:23. | :08:26. | |
Report. Apple and Samsung could get the | :08:27. | :08:37. | |
verdict in their crucial patent infringement case as early as this | :08:38. | :08:42. | |
weekend. The world's two largest smartphone makers have been battling | :08:43. | :08:44. | |
it out in a Californian court over the past month. As Richard Taylor | :08:45. | :08:52. | |
reports, millions of dollars are at stake. | :08:53. | :08:55. | |
This is just the latest feud between these technology titans, and unlike | :08:56. | :09:02. | |
the trial of a few years back, this one is focused much more on the | :09:03. | :09:11. | |
software inside the devices. Apple value their patents at over $2 | :09:12. | :09:18. | |
billion. Because the arguments have centred around software, another | :09:19. | :09:22. | |
Silicon Valley giant, Google, has been invoked. Google make the | :09:23. | :09:28. | |
Android operating system that runs inside the Samsung handsets. As | :09:29. | :09:32. | |
such, a primary strand and Samsung's argument is in effect that | :09:33. | :09:35. | |
Apple are fingering the wrong target. Google executives have taken | :09:36. | :09:41. | |
the stand to argue that they developed the software, not Apple. | :09:42. | :09:47. | |
Apple have disagreed with that, and tried to convince the jury that | :09:48. | :09:50. | |
Samsung are to blame, because they are wilfully using it inside their | :09:51. | :09:54. | |
handsets. Regardless of the verdict, you can be sure that, if past | :09:55. | :09:57. | |
experience is anything to go by, this trial will run on a lot | :09:58. | :10:03. | |
longer, with appeals and counter appeals set to ensue. Even when the | :10:04. | :10:07. | |
saga ends on the West Coast of America, you can ensure it will | :10:08. | :10:10. | |
continue in courtrooms around the globe. | :10:11. | :10:15. | |
Asian shares have started the day on a subdued note. It is a mixed bag, | :10:16. | :10:21. | |
but pretty much on hold, waiting for key US payroll numbers, which are | :10:22. | :10:26. | |
due out later today. They could show employment writing at its fastest | :10:27. | :10:27. | |
clip in five months. Our top stories: Police in Nigeria | :10:28. | :10:44. | |
are saying that 19 people have been killed, and 60 injured, in an | :10:45. | :10:48. | |
explosion at a bus station in the capital, Abuja. Syrian activist | :10:49. | :10:54. | |
state government aircraft have dropped a barrel`bomb on a busy | :10:55. | :10:57. | |
market in the Syrian help district of Aleppo. The barrister and | :10:58. | :11:01. | |
part`time | :11:02. | :11:02. |