Browse content similar to 17/11/2015. Check below for episodes and series from the same categories and more!
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This is Business Live from BBC News with Ben Thompson and Sally Bundock. | :00:00. | :00:13. | |
Russia confirms that a terrorist attack was responsible for bringing | :00:14. | :00:19. | |
down the airline over Egypt last month. | :00:20. | :00:21. | |
As world leaders look at how best to respond to the attacks on Paris, we | :00:22. | :00:25. | |
assess the ever growing financial impact of terrorist attacks. | :00:26. | :00:27. | |
Live from London, that's our top story on Tuesday 17th November. | :00:28. | :00:43. | |
$53 billion - that's what analysts say terrorism | :00:44. | :00:46. | |
cost the global economy last year. But what of 2015? | :00:47. | :00:54. | |
As Russian authorities confirm the a passenger jet was brought down by a | :00:55. | :01:02. | |
bomb only a few weeks ago. We speak to | :01:03. | :01:04. | |
the think tank who warns the economic consequences of Europe's | :01:05. | :01:06. | |
worst terror attack in a decade will Also in the programme: | :01:07. | :01:08. | |
Easjyet soars to new heights with The airline reported pre-tax profits | :01:09. | :01:12. | |
of over $1 billion So what and where next | :01:13. | :01:15. | |
for the no frills airline? Its shares are still going down in | :01:16. | :01:30. | |
London. But across-the-board, markets and back strongly after a | :01:31. | :01:34. | |
nervous start to the trading week on Monday following those events in | :01:35. | :01:38. | |
Paris on Friday. And building the arenas the great | :01:39. | :01:40. | |
sporting moments. The man behind some | :01:41. | :01:43. | |
of the worlds most iconic stadia, including the London and Sydney | :01:44. | :01:46. | |
Olympic sites will be here. And as always, let us know what you | :01:47. | :01:49. | |
think of the stories we're covering. Join the debate using | :01:50. | :01:52. | |
the hashtag #BBCBizLive. Russian authorities have confirmed | :01:53. | :02:11. | |
that a terrorist attack was responsible for a Russian plane | :02:12. | :02:16. | |
crash in Sharm el-Sheikh, Egypt, that claimed the lives of all of | :02:17. | :02:22. | |
those on board. It is the first successful terror attack on the | :02:23. | :02:24. | |
passenger jet for more than a decade, and has, only a matter of | :02:25. | :02:27. | |
weeks before the deadly attacks on the streets of Paris on Friday. The | :02:28. | :02:33. | |
Institute of economics and peace is now saying that the global cost of | :02:34. | :02:37. | |
terrorism has reached an all-time high, with deaths significantly | :02:38. | :02:43. | |
going up in the past few years. A report by the think tank suggests | :02:44. | :02:46. | |
the cost of terrorism around the world reached almost $53 billion | :02:47. | :02:47. | |
last year. In total, more than 32,000 | :02:48. | :02:57. | |
people were killed - that's an 80% | :02:58. | :03:02. | |
rise on the year before. So where are the majority | :03:03. | :03:04. | |
of the attacks occurring? Well, 78% of all deaths | :03:05. | :03:09. | |
were in these five countries: Afghanistan, Iraq, Nigeria, | :03:10. | :03:11. | |
Pakistan and Syria. Steve Killelea, Executive Chairman | :03:12. | :03:12. | |
of the IEP is with me now. Just talk us through how you compile | :03:13. | :03:27. | |
these figures. The 53 billion is made up quite simply of the cost of | :03:28. | :03:33. | |
the injuries and lifetime earnings from people who die in terrorist | :03:34. | :03:36. | |
attacks, plus the cost of the damage. There are a lot of things | :03:37. | :03:43. | |
that are not included, so this is exceptionally conservative. Looking | :03:44. | :03:46. | |
at the nature of terrorism, it is quite often time-out with conflicts, | :03:47. | :03:55. | |
so 92% of all deaths happen in countries that all -- already have | :03:56. | :04:02. | |
conflict, so it is difficult to separate out the figures. We have | :04:03. | :04:07. | |
taken a conservative approach. And you haven't included things like the | :04:08. | :04:10. | |
increase of security, higher insurance premiums, the cost of | :04:11. | :04:14. | |
people being unable to get to work. So it could be even more significant | :04:15. | :04:20. | |
than the original cost. Absolutely. But if you have a consistent | :04:21. | :04:23. | |
methodology, you could look at the changes over time. The cost now is | :04:24. | :04:28. | |
ten times what it was in 2000, so you can see the impact it has on the | :04:29. | :04:33. | |
global economy if you think of extrapolating that out through other | :04:34. | :04:37. | |
things. One of the things which is quite often missed in the discussion | :04:38. | :04:41. | |
on terrorism is Isil and its economic base and where it derives | :04:42. | :04:48. | |
its revenue from. One of the expert pieces in the report we put out | :04:49. | :04:56. | |
covers that. If we are looking at Isil, they have a 2% VAT tax, 10% | :04:57. | :05:04. | |
personal tax, 12.5% company tax, and they charge $1000 for anybody who | :05:05. | :05:09. | |
wants to move across their borders. It is estimated they are making half | :05:10. | :05:15. | |
$1 billion a year in oil sales. One of the strategies is if you can cut | :05:16. | :05:18. | |
off the base from where they are earning their revenue, they will be | :05:19. | :05:23. | |
less effective. As an organisation, you look into these events, and the | :05:24. | :05:29. | |
costs and consequences of them. We had this confirmation literally in | :05:30. | :05:32. | |
the last half an hour about the Russian plane crash being a | :05:33. | :05:36. | |
terrorist act. The situation in Paris, and global leaders have been | :05:37. | :05:41. | |
gathered. We have the G20, the summit under way now, they are all | :05:42. | :05:45. | |
talking, altogether at this time. What are you expecting in terms of | :05:46. | :05:50. | |
response? I think you will start to get much more concerted effort is, | :05:51. | :05:55. | |
and a lot more emphasis placed on trying to get serious or to doubt, | :05:56. | :05:58. | |
particularly a common approach to the Assad regime. At the moment, it | :05:59. | :06:04. | |
is very difficult to be able to actually get an effective response | :06:05. | :06:08. | |
to Isil unless you can get regional response and international response, | :06:09. | :06:14. | |
which is coordinated. We will have to leave it there, we appreciate you | :06:15. | :06:18. | |
coming in. Thank you very much for talking us through your research. | :06:19. | :06:23. | |
Just to bring you up-to-date on the news we have been hearing, Russia's | :06:24. | :06:28. | |
Security agency the FSB says that traces of explosives were found in | :06:29. | :06:32. | |
the debris of the Russian airliner that was down over Egypt. That was | :06:33. | :06:37. | |
on the 31st of October. They say explosives were found, and therefore | :06:38. | :06:41. | |
that was terrorism. President Putin has ordered special services to | :06:42. | :06:44. | |
focus on finding those responsible for that terrorist act. | :06:45. | :06:49. | |
The head of the FSB is quoted as saying, one can say an ambiguously | :06:50. | :06:54. | |
that it was a terror act. That is the very latest on that situation. | :06:55. | :06:58. | |
We will keep you up-to-date throughout the programme and here on | :06:59. | :07:02. | |
the BBC. Let's just fill you in on a few other stories. BHP Billiton have | :07:03. | :07:08. | |
been fined a further $260 million for the mining disaster that killed | :07:09. | :07:11. | |
11 people in Brazil earlier this month. The mining giants have | :07:12. | :07:18. | |
already been to alter pay $65 billion after a dam burst on | :07:19. | :07:23. | |
November the 5th. 12 people are still missing following the incident | :07:24. | :07:26. | |
in southern Brazil that set off a deadly mudslide. | :07:27. | :07:36. | |
And Australian Qantas airlines have regained its investment-grade rating | :07:37. | :07:38. | |
after Standard Poors recognise the airline's improved balance sheet. | :07:39. | :07:43. | |
Qantas has implemented a massive cost cutting plan and | :07:44. | :07:45. | |
in August it revealed its best results in seven years. | :07:46. | :07:49. | |
Let's take you to the business live pages. Many of the airlines around | :07:50. | :07:56. | |
the world have been bringing back passengers who were stranded in | :07:57. | :07:59. | |
Egypt as a result of that terrorist attack that has been confirmed this | :08:00. | :08:04. | |
morning. EasyJet, one of the airlines in the UK that was caught | :08:05. | :08:08. | |
up in all of that, the chief executive Carolyn McCall husband | :08:09. | :08:10. | |
talking this morning about the number of people they have working | :08:11. | :08:15. | |
in Sharm el-Sheikh and also in Paris. She says they are keeping an | :08:16. | :08:19. | |
eye on the security situation, and airlines always put safety first. | :08:20. | :08:23. | |
I was talking to her earlier, she said they are the number two airline | :08:24. | :08:29. | |
to France, Paris is an enormous destination fit easyJet. They have | :08:30. | :08:33. | |
1000 employees in France, and so airline stocks have been impacted by | :08:34. | :08:37. | |
the reaction on the part of investors in terms of the fact that | :08:38. | :08:42. | |
travel has been affected in the short term. People's travel plans | :08:43. | :08:48. | |
are affected by these events. But she does feel that the travel of | :08:49. | :08:53. | |
those who want to go around Europe etc will return quite soon | :08:54. | :08:56. | |
afterwards. Interesting to speak to her earlier. | :08:57. | :09:00. | |
And also details about the merger in hotel industries, Marriot hotels are | :09:01. | :09:09. | |
buying starboard hotels. 1.1 million hotel rooms they have now. | :09:10. | :09:14. | |
World leaders including the US President are arriving in Manila, | :09:15. | :09:17. | |
the capital of the Philippines for the annual APEC summit - that's the | :09:18. | :09:20. | |
Proceedings officially start tomorrow and it's the first time | :09:21. | :09:28. | |
these leaders have met since they agreed on a major trade deal known | :09:29. | :09:31. | |
What we are expecting from this summit? | :09:32. | :09:45. | |
The first time they have met since TTP. Exactly, but in light of the | :09:46. | :09:52. | |
Paris attacks, I think it is fair to say that the focus now will be on | :09:53. | :10:01. | |
stepping up security against terrorism threats. Around 20 | :10:02. | :10:05. | |
countries are being represented, including the US, and President | :10:06. | :10:13. | |
Obama is expected to discuss the situation. There is also the | :10:14. | :10:18. | |
sensitive topic of regional tensions over disputed territory in the South | :10:19. | :10:24. | |
China Sea. The US say they provide about $260 million for their allies | :10:25. | :10:26. | |
to decrease their maritime security, but otherwise the summit | :10:27. | :10:32. | |
is mostly expected to focus on the economy. This all has to do with | :10:33. | :10:37. | |
boosting growth, and they want to achieve this not just through trade | :10:38. | :10:40. | |
but through infrastructure, spending and economic operation. So we also | :10:41. | :10:48. | |
have the upcoming Asian economic community where we will see a single | :10:49. | :10:52. | |
market across Southeast Asia. Let's look at the markets now. | :10:53. | :10:54. | |
Strong gains across-the-board. A real strong bounce back from | :10:55. | :11:05. | |
markets globally. Let's look at Europe, where it would seem that | :11:06. | :11:09. | |
there are faded concerns about the geopolitical impact of what happened | :11:10. | :11:18. | |
in Paris on Friday. France is up 1.2%, and it was flat at the close | :11:19. | :11:21. | |
of play on Monday. So overall, the markets are bouncing higher. | :11:22. | :11:23. | |
Individual stocks are having a tough time. Individual stocks down again | :11:24. | :11:28. | |
today. First, let's look ahead to the US, it is a big day for | :11:29. | :11:31. | |
information that could affect the Fed reserve. | :11:32. | :11:33. | |
Nada Tawfik can tell us us what will making the headlines in the business | :11:34. | :11:36. | |
Walmart reports third-quarter earnings. The worlds largest | :11:37. | :11:42. | |
retailer has warned investors that sales will be less than had been | :11:43. | :11:45. | |
hoped this year, and that growth could be affected for a few years | :11:46. | :11:51. | |
due to ending on higher wages, staff training and its e-commerce | :11:52. | :11:57. | |
programme. The company is facing increasingly tough competition, so | :11:58. | :11:58. | |
investors will want to see how Walmart fares against other holiday | :11:59. | :12:01. | |
retailers this season. Home Depot were also boosted earnings, likely | :12:02. | :12:08. | |
from the recovering housing market. And after two straight months of | :12:09. | :12:12. | |
declines, US consumer prices are forecast to have risen in October. | :12:13. | :12:16. | |
Could that mean inflation is on course to eventually reach the | :12:17. | :12:20. | |
target of 2%? Thank you. | :12:21. | :12:22. | |
Joining us is Anne Richards, Chief Investment Officer, Aberdeen Asset | :12:23. | :12:28. | |
We have inflation figures from the US later, and it is the lack of | :12:29. | :12:40. | |
inflation that is the concern. It is strange that we are this late in the | :12:41. | :12:44. | |
cycle, and we have no evidence that inflation has built anywhere in the | :12:45. | :12:47. | |
world, and that is what gives policymakers a Delem. Normally it is | :12:48. | :12:52. | |
easy, raise interest rates because inflation is rising. That is | :12:53. | :12:56. | |
normally the headline, but if you take away the slump in petrol prices | :12:57. | :12:59. | |
in the US, some individual areas like housing prices, goods, | :13:00. | :13:06. | |
services, they are going up. Goods in general you are not seeing much | :13:07. | :13:11. | |
in terms of goods. In terms of some services, you are seeing a little | :13:12. | :13:14. | |
pressure build-up. Even taking all of that together, core inflation is | :13:15. | :13:17. | |
still running at or below the trend in every major economy. So it is | :13:18. | :13:21. | |
really not the place you would expect to be in this late in a | :13:22. | :13:26. | |
cycle. We're going to keep it brief because we have a lot of news coming | :13:27. | :13:29. | |
in from gritters on the Russian plane crash, but you will be back | :13:30. | :13:36. | |
Slater. Still to come, we will be speaking | :13:37. | :13:44. | |
to the man who dined -- designed London's iconic elliptic stadium. | :13:45. | :13:49. | |
Does it make sense to keep building new stadium? | :13:50. | :13:54. | |
Let's tell you more about easyJet. The actual figures, the fifth | :13:55. | :14:00. | |
consecutive year of record profits boosted by what the airline said | :14:01. | :14:02. | |
were favourable economic consumer trends. Profits for the year rose by | :14:03. | :14:10. | |
18% to ?686 million. Kamara Ahmed has the details. Bring us up to | :14:11. | :14:19. | |
date. EasyJet profits seen today as being very strong, the fifth | :14:20. | :14:23. | |
straight year of record profits. These figures were closed before the | :14:24. | :14:28. | |
events in Egypt, and the events in Paris, so no effect of those as yet. | :14:29. | :14:34. | |
Low oil prices and high demand from passengers because of the slightly | :14:35. | :14:38. | |
weaker euro have certainly helped easyJet's numbers. Carolyn McCall | :14:39. | :14:43. | |
spoke to the BBC earlier, and she did reveal the effects of both Paris | :14:44. | :14:53. | |
and Egypt on the business. They are important markets to us. Sharm is a | :14:54. | :14:57. | |
popular winter sun destination for Swiss and British people in | :14:58. | :15:00. | |
particular, but it is still a very small part of our network of the so | :15:01. | :15:03. | |
if you're looking at it financially and only financially, you would say | :15:04. | :15:08. | |
that, you know, it is below 0.5% of our network. It doesn't mean it is | :15:09. | :15:11. | |
not important, it is important to us, but the effect on our full-year | :15:12. | :15:16. | |
numbers, it won't be material. So Paris is a much different thing. I | :15:17. | :15:22. | |
think that's much more about enhanced security across Europe at | :15:23. | :15:27. | |
airports and I think as I said before passengers will understand | :15:28. | :15:31. | |
that. They will welcome that and I think they will feel very reassured | :15:32. | :15:36. | |
by that. Although passengers are up and profits are up for easyJet, | :15:37. | :15:41. | |
security concerns are weighing on the K let's look at the share price | :15:42. | :15:46. | |
this morning. You can see down 2%. If you look back over the last three | :15:47. | :15:53. | |
months, a big fall here which was the Sharm el-Sheikh issue. | :15:54. | :15:56. | |
Passengers trapped in Egypt and a fall here. Despite good numbers, | :15:57. | :16:01. | |
investors still concerned about the security implications of what has | :16:02. | :16:04. | |
been happening in Paris and in North Africa. | :16:05. | :16:11. | |
Thank you so much. You have spotted another interesting | :16:12. | :16:15. | |
story. A great story in the Times this morning. Lidl, the German | :16:16. | :16:19. | |
retailer is to sponsor the English Football Association and the | :16:20. | :16:23. | |
Scottish Football Association! So those rivalries live on, but | :16:24. | :16:31. | |
nonetheless, a commercial tie-up between the two! | :16:32. | :16:33. | |
A Russian security chief is saying a terror act brought down the plane | :16:34. | :16:46. | |
which killed all the people on board. Signs of a foreign-made | :16:47. | :16:51. | |
explosive have been found in the debris. Victims remains and personal | :16:52. | :16:58. | |
effects. In response President Putin promised to step up efforts to | :16:59. | :17:05. | |
combat Isis in sir Syria. This news coming days after the bo attacks and | :17:06. | :17:13. | |
gun attacks that killed 129 people in Paris. | :17:14. | :17:27. | |
When it comes to sporting events, the venues become places where | :17:28. | :17:35. | |
sporting history is made. They let the pick watch the sporting event, | :17:36. | :17:40. | |
whatever that maybe and the financial rewards can also be huge. | :17:41. | :17:46. | |
From match days alone, Arsenal's football club's revenues have almost | :17:47. | :17:50. | |
tripled to $150 million in a year since they built their new stadium | :17:51. | :17:54. | |
in 2006, but building huge stadium like that, it doesn't come cheap. | :17:55. | :18:05. | |
The New York Yankee's cost a massive $1.5 billion and seats around 50,000 | :18:06. | :18:08. | |
The firm behind both of those projects is the global architects, | :18:09. | :18:12. | |
They also designed the athletics arenas for both | :18:13. | :18:14. | |
And the man at Populous who designed both | :18:15. | :18:17. | |
of those stadiums is architectural sporting guru Rod Sheard. | :18:18. | :18:19. | |
He is the only person to have designed two | :18:20. | :18:21. | |
Rod Sheard, Founder and principal architect at Populous is here with | :18:22. | :18:26. | |
Where do you start? Take it back to the beginning and you get a brief | :18:27. | :18:40. | |
from an association that says, "This is what we want." What do you | :18:41. | :18:45. | |
consider? In the past briefs were often about numbers. We want to go | :18:46. | :18:49. | |
from 40,000 to 60,000 and that's still an important part of it, | :18:50. | :18:51. | |
capacity is always important, but you guys, it is television that's | :18:52. | :18:55. | |
really and the internet that's changed the world. So in some ways, | :18:56. | :18:59. | |
it is the image that you project to the world which is as important as | :19:00. | :19:03. | |
the atmosphere in the bowl. If you don't get the atmosphere and in the | :19:04. | :19:11. | |
bowl right, the image on television and the internet won't be the same. | :19:12. | :19:16. | |
The focus is to create the atmosphere whatever the number is | :19:17. | :19:20. | |
going to be, but if you can create an amazing feeling in the bowl, it | :19:21. | :19:24. | |
somehow comes down the internet line and makes it real for the people at | :19:25. | :19:29. | |
home. We are looking at the amazing arena now at the Olympic Park in | :19:30. | :19:33. | |
London which was done in the nick of time for the 2012 Olympics. I would | :19:34. | :19:37. | |
imagine, the pressure is great. You have been through it twice in terms | :19:38. | :19:43. | |
of of an imlick event? I mean both of them were competitions that we | :19:44. | :19:48. | |
won really and at the end of the day, the Olympics is one of those | :19:49. | :19:52. | |
events that they always leave it to the last minute, you never have a | :19:53. | :19:58. | |
great amount of time to do it. So you're always having to go at break | :19:59. | :20:02. | |
neck speed to start on site. London was cizy. We were actually starting | :20:03. | :20:06. | |
doing things on site before we had finished the drawings in the office, | :20:07. | :20:09. | |
but you have to because of the time and the reality is world sport is | :20:10. | :20:14. | |
like that. Every four years there is an Olympics. Does that affect the | :20:15. | :20:18. | |
design itself? You have could to come up with a design that you can | :20:19. | :20:23. | |
erect quickly? Look, it is not so much erecting it quickly, but the | :20:24. | :20:27. | |
buildings get more and more complicated. There is more and more | :20:28. | :20:31. | |
stakeholders involved and you have got to listen to everybody. You have | :20:32. | :20:35. | |
got to take into account what they want and sports change in priority. | :20:36. | :20:40. | |
Usain Bolt running down the 100 meters was a key event and you've | :20:41. | :20:44. | |
got it give that priority. What was amazing about the Olympics in London | :20:45. | :20:48. | |
which I think changed the format for Olympics forever is the Paralympics | :20:49. | :20:53. | |
was so massively successful. I mean, it was wonderful to see. What are | :20:54. | :20:58. | |
the risks of getting it wrong? We have seen the Olympic venues were | :20:59. | :21:01. | |
the stadium are white elephants. They are sat there rusting as soon | :21:02. | :21:04. | |
as the Games have finished. Clearly, that must be worked into your plans | :21:05. | :21:09. | |
about reuse and being able to put the stadiums to another use after | :21:10. | :21:13. | |
the Olympics have gone, but making sure they can cope with smaller | :21:14. | :21:18. | |
capacities? The days are gone when you could build a big Olympic | :21:19. | :21:22. | |
Stadium for ego reasons and let it sit there and find something to do | :21:23. | :21:26. | |
with it afterwards. I think, again, London, was a bit of a watershed in | :21:27. | :21:31. | |
that sense in that they set about, Seb Coe and his team really set | :21:32. | :21:35. | |
about finding venues that if they didn't have a long-term use then | :21:36. | :21:39. | |
they got taken down and many of the ones in the Olympic Park have gone | :21:40. | :21:44. | |
now. We wept out of our way to use existing venues. You used London | :21:45. | :21:47. | |
like the Horse Guards Parade and the volleyball and that really created | :21:48. | :21:51. | |
an atmosphere that was special to London, but you don't need that sort | :21:52. | :21:55. | |
of a venue so you use it as a temporary venue and take it away. We | :21:56. | :21:59. | |
just finished our transformation of the Olympic Stadium which is ready. | :22:00. | :22:03. | |
I went and saw rugby there recently and it is ready for West Ham. That | :22:04. | :22:10. | |
reusability is fundamental as your introsaid, it is about money, it is | :22:11. | :22:19. | |
not just about getting seats, it is about how much money the staud yum | :22:20. | :22:24. | |
will make us? Thank you for coming in. You're | :22:25. | :22:30. | |
welcome. Let's go to Manila which is hosting | :22:31. | :22:41. | |
the latest APEC summit. Our correspondent is there. Manila is a | :22:42. | :22:47. | |
place with huge potential, but it has its setbacks. Even getting to | :22:48. | :22:54. | |
work each day here can be a chore. It is a reality every day that we | :22:55. | :22:58. | |
face. It takes us two-and-a-half hours to get from one point to | :22:59. | :23:02. | |
another. And time is money of the no one know that is more than Jerome | :23:03. | :23:06. | |
who runs a meat processing company. His plants churn out over 5,000 hot | :23:07. | :23:11. | |
dogs every minute! But profits are being squeezed. Brought about by | :23:12. | :23:24. | |
poor congestion and very busy roads that hampers our efficiency and | :23:25. | :23:31. | |
brings up our costs of distribution. We will have more tomorrow. | :23:32. | :23:39. | |
Let's look at what the Business Pages have been looking at. Anne | :23:40. | :23:47. | |
Richards joins us. This is about the megamerge near the hotel industry. | :23:48. | :23:50. | |
Stopl staggering figures to talk about, not least the number of hotel | :23:51. | :23:55. | |
rooms they will control? This will be more than one million hotel | :23:56. | :23:58. | |
rooms. It is over 5,000 properties right around the world and what you | :23:59. | :24:03. | |
can see happening here is the desire of the hotel companies to spread, | :24:04. | :24:08. | |
not just geographically, but different bits of the market. So it | :24:09. | :24:12. | |
is international, but it is going for the youth traveller and going | :24:13. | :24:16. | |
fob the older, more mature, better off traveller, pulling together a | :24:17. | :24:19. | |
bunch of different brands. They will have 30 brands across this combined | :24:20. | :24:29. | |
portfolio. It is marred yet buying Starward. We were talking about this | :24:30. | :24:33. | |
earlier, the most view points in the studio was, the most important thing | :24:34. | :24:37. | |
in the hotel is... The comfy bed. That's what they said. A comfy bed | :24:38. | :24:43. | |
number one. The mattress. The other thing is think about the overall | :24:44. | :24:48. | |
environment. Rooms that flash and buzz, a lot of rooms have a lot of | :24:49. | :24:52. | |
lights in them now and that's irritating. I had a few funny | :24:53. | :24:56. | |
experiences where I can't figure out how to get the electricity on. You | :24:57. | :25:04. | |
have to find the slot for your key! The branding issue is one that's so | :25:05. | :25:08. | |
important and in the hotel industry like many parts of the travel | :25:09. | :25:12. | |
industry, it is one of those issues which is so important when it comes | :25:13. | :25:20. | |
who they can put up, maybe it is a restaurant, but the issue is having | :25:21. | :25:24. | |
a different brand that targets different customers. When people are | :25:25. | :25:26. | |
exploring different countries, if you can give them something in a | :25:27. | :25:30. | |
different country that's familiar to them. If you know you're going to | :25:31. | :25:34. | |
stay in a Sheraton and you always stayed in a Sheraton, you will have | :25:35. | :25:38. | |
a degree of comfort about going to a new country because there is | :25:39. | :25:41. | |
something familiar there. Anne, thank you very much. That's | :25:42. | :25:47. | |
Business Live for another day. Within the last half an hour, the | :25:48. | :25:51. | |
head of Russia's Security Service says the crash of the passenger | :25:52. | :25:55. | |
plane in Egypt was the result of a terrorist attack. It is telling us | :25:56. | :26:00. | |
Vladimir Putin is vowing to make sure that anyone responsible is | :26:01. | :26:03. | |
caught for the death of 224 people at the end of October. | :26:04. | :26:13. | |
Hello, our first named storm of the season, Abigail. Now we are looking | :26:14. | :26:22. | |
at the second storm which is Barney. It will | :26:23. | :26:23. |