Browse content similar to 13/05/2016. Check below for episodes and series from the same categories and more!
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A report says a Brexit could lead to a fall in the value of the pound, | :00:00. | :00:00. | |
reduced economic growth, higher inflation and more unemployment. | :00:00. | :00:00. | |
Now on BBC News all the latest business news live from Singapore. | :00:07. | :00:12. | |
News and takes the helm at. We'll be scanned a payoff -- Nissan takes the | :00:13. | :00:40. | |
helmet. Is it worth the payoff spotlight is on the shares of Nissan | :00:41. | :00:50. | |
and Mitsubishi. They have spent money to become the biggest | :00:51. | :00:56. | |
shareholders in the small vehicle market. We saw shares surging 16% on | :00:57. | :01:02. | |
Thursday. This is where they are right now. Nissan is currently | :01:03. | :01:15. | |
higher. It fell at -- it fell yesterday, we will keep an eye on | :01:16. | :01:19. | |
it. Mitsubishi admitted that it had been cheating on fuel economy tests | :01:20. | :01:27. | |
for 25 years. Nissan's boss said it is a win for both companies, but I | :01:28. | :01:32. | |
put that question to an auto analyst. It's a low price to pay to | :01:33. | :01:40. | |
control the interest and get an auto maker that has a fairly local reach. | :01:41. | :01:46. | |
It's the move to restore confidence in Mitsubishi, which is critical | :01:47. | :01:50. | |
this time. In this particular deal, you have a very experienced | :01:51. | :01:56. | |
executive who has been able to successfully navigate through a | :01:57. | :02:04. | |
complex alliance such as that with Nissan. This will be a piece of cake | :02:05. | :02:08. | |
by comparison. The consolidation that is needed in the industry, it | :02:09. | :02:16. | |
is a great benefit in distribution especially in South-East Asia where | :02:17. | :02:21. | |
Mitsubishi fills gaps in the Nissan portfolio. There are a lot more | :02:22. | :02:30. | |
worries about how the scandal could potentially become wise, isn't this | :02:31. | :02:34. | |
a huge risk for Nissan? There is risk in any deal, not just the fact | :02:35. | :02:39. | |
that there are liabilities here. I think this is a calculated risk. | :02:40. | :02:47. | |
China has faced many allegations of hacking websites of American | :02:48. | :02:50. | |
governments and companies, officials met again this week to try and reach | :02:51. | :02:54. | |
some sort of agreement, with not much luck. A leading security expert | :02:55. | :03:00. | |
from China is that they should work together. Our correspondent attended | :03:01. | :03:04. | |
a rare event where some of the smartest hackers in China compete | :03:05. | :03:13. | |
against each other. It's the gambling capital of the world. | :03:14. | :03:17. | |
China's rich come here in the hope that they will leave even richer. | :03:18. | :03:23. | |
But some want to be consistent. Behind closed doors, teenage | :03:24. | :03:30. | |
hackers, too young to bet downstairs are competing. What do you like | :03:31. | :03:36. | |
about hacking? I love it, and I love cyber safety. So much so that he | :03:37. | :03:42. | |
practices one day a week. At 16, he thinks he may have a career in it. | :03:43. | :03:47. | |
They raced against the clock to access a smart phone or a wireless | :03:48. | :03:56. | |
router. It's all above board. A filmmaker and retail giant Alibaba | :03:57. | :04:02. | |
Abbe is here to learn. Organisers insist that this is about exposing | :04:03. | :04:08. | |
vulnerabilities and helping manufacturers make their technology | :04:09. | :04:11. | |
more secure. They say it is definitely not about sharing the | :04:12. | :04:15. | |
information with governments. It is better say that there are plenty of | :04:16. | :04:18. | |
people who are very interested in what is going on inside this room. | :04:19. | :04:22. | |
China's government works hard to control the Internet within its | :04:23. | :04:30. | |
borders. Hacking as a weapon of war, that is a very sensitive issue. The | :04:31. | :04:35. | |
geeks competing here want the focus to be on security and working with, | :04:36. | :04:40. | |
not against, countries like the US. TRANSLATION: The department I am | :04:41. | :04:46. | |
working for has found and solved many problems for international | :04:47. | :04:53. | |
companies like Microsoft. Today we fixed 32 bugs which were found by my | :04:54. | :05:00. | |
team this month. The best hackers in the world are apparently not in | :05:01. | :05:04. | |
China. One of the organisers told me that Russia, Israel and America are | :05:05. | :05:10. | |
leading the way. These competitions show that China is trying to catch | :05:11. | :05:14. | |
up, all in the name of Internet security. | :05:15. | :05:22. | |
To our special series on the beef trade in India. It supplies about | :05:23. | :05:27. | |
20% of all worlds beef, but it is the topic of religious debate. A ban | :05:28. | :05:33. | |
on slaughter and consumption has been extended to all members of the | :05:34. | :05:37. | |
cow family because of Hindu beliefs. It affects not just farmers but | :05:38. | :05:39. | |
associated industries. These leather sandals are an iconic | :05:40. | :05:55. | |
product of this region. They support a huge industry here. Over the last | :05:56. | :06:03. | |
year, a ban on cow slaughter in the State was extended to the main | :06:04. | :06:07. | |
source of the leather used to make these slippers. This has squeezed | :06:08. | :06:13. | |
the supply of Labour, pushing up the prices. That is making customers | :06:14. | :06:20. | |
unhappy, say retailers. Business has come down by 40%. Customers used to | :06:21. | :06:27. | |
buy four or five pairs, because the shoes were so good. Now they | :06:28. | :06:31. | |
complain that the prices are too high and by just one or two pairs. | :06:32. | :06:37. | |
It's hard to believe that factories like this once made products sold in | :06:38. | :06:45. | |
markets, and in the US or Australia. It is no longer as lucrative to be | :06:46. | :06:48. | |
in this business, it's getting harder to find younger workers who | :06:49. | :06:55. | |
want to learn these skills. Once employing over 100,000 workers, the | :06:56. | :07:01. | |
traditional slippers industry now has less than one tenth of that | :07:02. | :07:06. | |
number. This man learnt his skills as a child and has been making shoes | :07:07. | :07:12. | |
for 55 years. Working 12 hours a day, he makes just $30 a month. His | :07:13. | :07:18. | |
sons still want to be in this trade. The industry is dying. We don't have | :07:19. | :07:22. | |
enough to make ends meet. We don't even get good leather any more. How | :07:23. | :07:26. | |
do we make good shoes? All of us will be out of jobs soon. The | :07:27. | :07:34. | |
industry was already shrinking, and the beef ban seems to have been the | :07:35. | :07:37. | |
final blow. Many worry it will be difficult to recover from. A piece | :07:38. | :07:45. | |
of local history, along with these livelihoods, might be lost for ever. | :07:46. | :07:54. | |
It's a show that is normally synonymous with Las Vegas, but the | :07:55. | :07:59. | |
Consumer Electronics Show is being held in Shanghai this week. It | :08:00. | :08:11. | |
brings the world's biggest names in technology together. | :08:12. | :08:39. | |
Can China compete with the US in terms of innovation? We are joined | :08:40. | :08:52. | |
by Jeremy from Shanghai. Describe the show to us, how busy is it? Is | :08:53. | :08:59. | |
it as big and exciting as it lost a counterpart? That is the big | :09:00. | :09:05. | |
question. The gig me if I sound a bit strange, it is very loud. It is | :09:06. | :09:10. | |
not as big as the Las Vegas exposition, which is enormous. Las | :09:11. | :09:17. | |
Vegas is preposterously big. This is a more manageable size. The show | :09:18. | :09:22. | |
producers have told me it is twice as big as it was last year. You can | :09:23. | :09:27. | |
see that many of the booths are on the same scale as the ones in Las | :09:28. | :09:34. | |
Vegas. They are showing of all the latest gadgets. Tell us about the | :09:35. | :09:40. | |
gadgets. What do you think will be the next big thing? The biggest buzz | :09:41. | :09:47. | |
word is virtual reality. There are a number of headsets you where, you | :09:48. | :09:51. | |
put your smart phone in and you are in another world. There are a dozen | :09:52. | :09:56. | |
companies selling them here, so there are a lot of products. The | :09:57. | :10:03. | |
latest I have seen are a pair of sunglasses, they look like sports | :10:04. | :10:07. | |
sunglasses but they pack the technology in there. We are seeing a | :10:08. | :10:12. | |
number of Chinese companies, about 40%. Is this a real innovation, | :10:13. | :10:16. | |
there is criticism that they could be copying? It's a loaded question, | :10:17. | :10:24. | |
but a good and important question. The virtual reality headset for | :10:25. | :10:31. | |
example. Samsung and HTC did it originally, but you also have | :10:32. | :10:34. | |
Chinese companies doing the exact same thing. Are they copying? I | :10:35. | :10:40. | |
would argue that the sunglasses are innovation, but the others are maybe | :10:41. | :10:45. | |
just knockoffs. There was a lot of stuff going on behind you, but thank | :10:46. | :10:50. | |
you so much for coming on the programme. That is it for this | :10:51. | :10:57. | |
edition of Asia Business Report. Thank you for joining us. | :10:58. | :11:03. | |
The top stories this hour: Defeated but defiant, Brazil's | :11:04. | :11:06. |