Browse content similar to 30/09/2016. Check below for episodes and series from the same categories and more!
Line | From | To | |
---|---|---|---|
Secretary Liam Fox has urged to support the economy. Now to business | :00:00. | :00:00. | |
news. Back in stores, Samsung is set to | :00:00. | :00:23. | |
resume the sale of its phones after recent recalls. | :00:24. | :00:36. | |
Good morning, Asia, hello, world, it is a Friday! We start off with | :00:37. | :00:47. | |
Samsung Galaxy Note 7 which has been making headlines for the wrong | :00:48. | :00:53. | |
reason because of its faulty batteries which are a fire hazard | :00:54. | :01:00. | |
which meant the company had to recall the phones. Tomorrow it will | :01:01. | :01:06. | |
be back in stores but will sales bounce | :01:07. | :01:10. | |
back? It is as it wound back the clock back to September, doing it | :01:11. | :01:22. | |
all again. At the beginning of September, it announced it would | :01:23. | :01:27. | |
recall 2.5 million phones across the planet because of that problem. A | :01:28. | :01:33. | |
few having exploding batteries. The figures differ for different | :01:34. | :01:41. | |
countries. In Korea four out of five have been returning. The figure is | :01:42. | :01:45. | |
smaller in some places. In Europe and the US it is probably 60%. The | :01:46. | :01:51. | |
new phone goes on sale properly and it looks just like the old phone. | :01:52. | :01:57. | |
The battery is different and the 1-way you can tell the difference is | :01:58. | :02:02. | |
that there is a green battery icon on this. There is clearly a cost to | :02:03. | :02:09. | |
Samsung. It is not giving figures but there is a cost in lost time. | :02:10. | :02:16. | |
There will be revenue loss because of the brand damage. At the seven | :02:17. | :02:27. | |
was launched in August and it was a perfect time for a Samsung to go one | :02:28. | :02:33. | |
step ahead of Apple but they lost the chance, they lost a month. | :02:34. | :02:43. | |
Samsung Electronics makes a raft of staff, TV, microwaves, washing | :02:44. | :02:50. | |
machine, you name it that this is a big focus of its efforts. There is a | :02:51. | :02:53. | |
global battle of smartphones with Apple. Samsung has messed up the | :02:54. | :03:02. | |
launch of this, there is no doubt, and that cannot help but in that big | :03:03. | :03:04. | |
global commercial flights. Samsung is also in talks over | :03:05. | :03:14. | |
concerns over safety issues when it top load washing machine -- with its | :03:15. | :03:22. | |
top load of washing machines in the US. The car makers plan to end the | :03:23. | :03:28. | |
Sunderland could lose competitiveness if Brexit result in | :03:29. | :03:34. | |
the UK trading with Europe under world trading rules. It would add | :03:35. | :03:40. | |
10% to the price of the vehicle produced in the UK. We went to the | :03:41. | :03:50. | |
Paris motor show. Frankly, what we are looking for is not to interfere | :03:51. | :03:55. | |
in the intubation which may be a national situation. We want to make | :03:56. | :04:01. | |
sure that when we have a European plant based in the UK, 80% of our | :04:02. | :04:06. | |
products are being shipped from Sunderland to Europe, that this | :04:07. | :04:14. | |
decision taken by the people of Great Britain does not translate | :04:15. | :04:28. | |
into a handicap for Nisan. If we continue to do business as before, | :04:29. | :04:33. | |
we have absolutely no problem. Whatever decision will be taken, the | :04:34. | :04:39. | |
move of goods between the UK and Europe being as fluid as before. If | :04:40. | :04:50. | |
that seems travel trading under these rules, adding 10% to the car | :04:51. | :04:57. | |
being exported, would that represent a handicap you are talking about? | :04:58. | :05:04. | |
Without any doubt. What would that mean for Sunderland? It would mean | :05:05. | :05:10. | |
Sunderland would lose competitiveness where we come to | :05:11. | :05:13. | |
choosing a place to source the product to Europe because we are | :05:14. | :05:18. | |
taking 10% higher cost for tax reasons. To put it bluntly, it we | :05:19. | :05:26. | |
revert to WTO rules it could hurt Sunderland? Without any doubt as to | :05:27. | :05:33. | |
find ways to compensate for the 10%. Indonesian workers took to the | :05:34. | :05:38. | |
street in Jakarta to protest against the government takes which is meant | :05:39. | :05:43. | |
to plug a budget deficit. Unions say it unfairly pardons takes dodgers. | :05:44. | :05:53. | |
Many of these people have been waiting for up to nine hours to be | :05:54. | :05:58. | |
called in to do their tax return. They are trained to take advantage | :05:59. | :06:02. | |
of the low rate of tax of that now as part of the tax amnesty. They | :06:03. | :06:08. | |
have never seen in the office so busy. Many people come in to pay the | :06:09. | :06:19. | |
penalty, the 2% penalty, before the 13th of September. They are trying | :06:20. | :06:26. | |
to get a generous rate. Amongst those include a number of | :06:27. | :06:30. | |
high-profile businessmen, including the son of former President Suharto. | :06:31. | :06:37. | |
They want to convince people to bring money back from money havens | :06:38. | :06:43. | |
such as Singapore and the Cayman Islands. The programme could raise | :06:44. | :06:50. | |
billions of dollars. The tax amnesty programme has been controversial and | :06:51. | :06:54. | |
powerful trade unions have brought their members out on the streets | :06:55. | :06:59. | |
today to protest because they say it is unfair. TRANSLATION: People who | :07:00. | :07:08. | |
have stolen from the country have been given the tax amnesty but | :07:09. | :07:11. | |
law-abiding people are not given special treatment. You do not accept | :07:12. | :07:19. | |
the President's explanation that the money raised will be used for | :07:20. | :07:23. | |
infrastructure building, education and other policies? TRANSLATION: It | :07:24. | :07:30. | |
can be done and different way, if the country desperately needs money. | :07:31. | :07:33. | |
Like would you forgive that companies who have stolen the | :07:34. | :07:43. | |
country's wealth for themselves? China is set to enjoy a double | :07:44. | :07:48. | |
celebration this weekend, tomorrow we have the country marking both | :07:49. | :07:54. | |
national day as well is a date when it becomes a global reserve | :07:55. | :08:01. | |
currency. This includes the US dollar, the pound, the euro and the | :08:02. | :08:08. | |
yen. What impact will it have? First and foremost, it is obviously a | :08:09. | :08:15. | |
symbolic gesture. It is, for the first time, the IMF adding any | :08:16. | :08:21. | |
currency to the basket since its inception. It is one of the most | :08:22. | :08:28. | |
important implications is that it become an officially a currency | :08:29. | :08:36. | |
which can be reported as part of the reserve. The biggest implication is | :08:37. | :08:41. | |
actually the reforms the Chinese authorities did before getting into | :08:42. | :08:47. | |
the basket, in order to meet the criteria. Starting last year, in | :08:48. | :08:54. | |
July, they opened up the market fully for central banks to become | :08:55. | :09:02. | |
multilateral. Are you saying it is now a fully convertible currency? | :09:03. | :09:08. | |
For the central bank and the public sector community it is fully | :09:09. | :09:13. | |
convertible. The are restrictions for the Chinese domestic inventors | :09:14. | :09:17. | |
are the Chinese authorities have opened up the capital account and | :09:18. | :09:22. | |
especially the access to the market fall private investors. It is a | :09:23. | :09:28. | |
recognition of China's structural reform. You have the US at 40. It is | :09:29. | :09:38. | |
more than the pound. And the yen. Could we see the rate increase over | :09:39. | :09:44. | |
time? What happens today is that they are going to fix the currency | :09:45. | :09:50. | |
amounts for the SDR. If they move, the relative rate can change that | :09:51. | :09:56. | |
the next time they look at the actual way it is after five years | :09:57. | :10:03. | |
when it can officially go up. -- weight. It is likely that it would | :10:04. | :10:08. | |
because of the exports and other things. Let's have a quick look now | :10:09. | :10:18. | |
at the markets and, as you can see, it is in negative territory after US | :10:19. | :10:26. | |
stocks tumbled of after renewed worries on financials and | :10:27. | :10:33. | |
withdrawals from Deutsche Bank. Sports Today is up next. Welcome. | :10:34. | :10:45. | |
Our top stories: rescuers in south-east China are searching for | :10:46. | :10:50. | |
survivors of landslides caused by | :10:51. | :10:51. |