30/11/2015 BBC Business Live

This is Business Live from BBC News with Ben Thompson and Sally Bundock.

Saving our planet - as world leaders gather in Paris to try

and seal a deal on climate change, we'll be looking at the potential

Live from London, that's our top story on 30 November.

If sea temperatures rise by 5-degrees celsius, $7 trillion

But can world economies really come together to agree a plan?

Shop till you drop - the biggest online shopping day

of the year kicks off, with billions of dollars expected to

European markets edging lower for a new week, after falls in China

overnight ahead of the IMF decision over whether to include the yuan

in its basket of global currencies - we'll assess the implications.

And step aside Barbie - there's a new girl in town.

The Lottie doll is based on a a real nine year old and designed

We speak to the creative director of the firm

And just as we're recovering from Black Friday, today is Cyber

Monday, with billions of dollars expected to be spent online today in

Heads of government from across the world,

including Presidents Xi, Obama and Putin, begin hammering out final

negotiations on climate change treaty.

It will be legally binding and in action in 2020.

US Bank Citigroup estimated the cost of doing nothing

If sea temperatures rise by 5-degrees celsius,

it's predicted assets worth $7 trillion could be lost.

That's more than the total market capitalisation

It really does put it into perspective.

And in the US, the White House says inaction would cost

So, are businesses ready to tackle climate change?

What's the impact of climate change going to be for

investors and which businesses will be the winners and losers in the

I'm joined by Tom Burke, former UK Government adviser on climate

change, now chairman of an environmental think tanks. There has

been a loss of momentum leading up to this event in Paris and a lot of

governments represented. Many of them have already put in writing

what their plans are. Surely that bodes for a good conference? I think

you are right about that. We are seeing a much more optimistic view

of actually getting an agreement. Whether that agreement will be

enough, I think we have to wait to see. The French were very smart in

getting the leaders in at the beginning. They are going to turn up

in Paris today, there are going to make a speech declare victory and go

home. That makes it very difficult to bad headlines at the end of the

fortnight. There will be a lot of toing and froing between the people

in Paris and the Capitals at home to make sure that the story stays

consistent. Some of the statistics outline just how catastrophic it

could be if more is not done and quickly to counter climate change.

Businesses want some kind of strong outcome. To some extent more than

organisations like yours, because of the cost to nothing is done? I think

that is right. The impact on the economy of climate change is only

beginning to be understood. There are still a lot of businesses that

have not got their minds around it. There is concern about who is going

to be affected. For the fossil fuel industries it is clearly going to be

negative. But for opportunity seekers, the new battery developers,

the solar entrepreneur is, this would be a good thing. For companies

like Unilever, the big retail companies, climate change is a

threat to their supply chain. They will want to be a much quicker

response by governments. From a practical point of view what do you

think businesses and organisations will be looking at in terms of

policy they will be needing to implement to stick to guidelines set

by national governments? What business most needs from governments

is consistency. There is no one policy everybody needs to adopt

everywhere because circumstances are different. Business communities are

different in different countries. What they need is consistency,

exactly what we have not seen from the British government recently. We

have to leave it there. Thank you for coming in and giving us your

thoughts on this event taking place in Paris. It will be a lead story

for quite some time, I am predicting. Full coverage here on

the BBC. We will talk about it in the course of the week.

In other news, Lufthansa has agreed a pay deal with 30,000 ground staff

The deal gives a one-off payment and a 2.2% pay rise.

who called a week-long industrial action in early November.

Brazil's top banker, Andre Esteves, has resigned as chief executive

of financial giant Grupo BTG Pactual after being jailed

The billionaire dealmaker is suspected, along with a leading

politican, of trying to obstruct an investigation into corruption

Iran has overhauled the way it offers contracts to foreign oil

companies in a bid to attract $30 billion of new investment.

The terms of the new oil contracts will be more favourable to

investors, allowing them a greater stake in long-term profits.

A brand-new trading week has begun. A big player is losing ground in

London. The world's biggest mining company, shares down 2% today, on

the news that Brazilian authorities are likely to have two fine the

likes of BHP and other companies for a devastating mudslide in south-west

Brazil. It happened at an iron ore mine. We have been covering the

story and the indications of all of this. We will -- the company says it

will assess the case but there are implications, not only for people

that died in the disaster, but in terms of financial recompense and

how BHB will put that right. -- BHP. Shares down 2% in response.

The International Monetary Fund is expected to announce that China's

yuan will join its group of reserve currencies.

At the moment only the US dollar, the Euro,

Japan's yen and the British pound are part of this select club.

So what does it mean, how significant is it?

Sharanjit Leyl has the answers for us in our Asia Business Hub

This is something that Christine Digard has been quite seen -- quite

keen to see happen? Absolutely. The yuan may be set to join the big

lead. The International Monetary Fund is very much expected to

announce later that China's currency will join the international reserve

currencies. Only the US dollar, the euro, the yen and the British Pound

are currently part of this very exclusive band of currencies.

Earlier this month Christine LeGarrette Blount the inclusion of

the yuan -- backed the inclusion of the yuan. It is likely to join next

year. China is the world's second-largest economy. It has been

pushing for its currency to become part of this reserve group. There

have been lots of concerns about Beijing keeping the yuan

artificially low to help exporters. That is one of the main reasons why

the currency had previously failed to meet or that criteria set out by

the IMF. Thank you very much. So confirmation of that volatility -

particularly on the Shanghai markets - after suffering their heaviest

losses since the summer rout. It's not on this board,

but the Shanghai index falling 5.5% with most other Asian markets

starting a pretty eventful week on Chinese dealers boosted by

the hopes the IMF will agree to a proposal to include the Chinese yuan

in its basket of elite currencies. That would help Beijing, giving it

more international status, alongside We will look of the European figures

in a moment. What about Wall Street Jim Crow Michelle has the details.

It may be cyber Monday but it is a slow start to the week. However,

there is plenty to look forward to. The National Association real -- the

National Association of Realtors releases monthly figures on the

state of the housing market, which are expected to show a slight

decrease from the previous month. Things pick up through the week and

we have two big clothing firms reporting their earnings, including

American Eagle. Americans will be keen for a rosy forecasts for the

shopping season. At the end of the week of the jobs report is likely to

show more jobs growth. That will help the Fed.

Joining us is Trevor Greetham, Head of multi asset at

Quite a bit on the agenda this week. We have global leaders in Paris,

Opec members meeting to talk about oil, the European Central Bank

meeting to talk about borrowing and possibly more quantitative easing.

It is all going on, isn't it? It is. The main thing the markets are

focused on is the divergence going on across the Atlantic between the

central bank in America, and that is largely expected to raise interest

rates in December, for the first time in 11 years. A lot of traders

were at school the last time. And in Europe they are talking about

printing more money because inflation is so low. That

combination is likely to see another year of strong dollar. That is quite

negative for commodity prices. That plays into oil, doesn't it? The

dollar is getting stronger. No yes. We think that is going to carry on.

As long as you have got America raising interest rates on its own

and commodity prices are falling inflation does not pick up. You get

quite a long business strike -- cycle with of liquidity around and

that will be the story for a a long time. Winners and losers, we often

talk about the losers, but there are some distinct winners? Well, quite.

The bad news comes up front. When the oil price drops, we get profit

warnings from the likes of BP Shell. Russia and Indonesia, big exporters

of oil, it hurts them. The good news comes gradually. It is a bigger

story. It is cheaper to drive your car around, you have more cash left

of the end of the week and that is driving the global consumer. The big

drop in energy prices over the past year is bad news for emerging

economies in general, but it is a strong story for the US consumer.

Trevor, we will see you very soon. More stories to discuss later.

Still to come we meet the doll that's causing a bit of a stir.

The lottie doll is designed to have a more realistic body shape

and has become a major success, with sales now recorded

We'll be speaking to the woman behind the toy later in the show.

You're with Business Live from BBC News.

Now a look at some of the stories from around the UK.

For many Brits, it's the payday before Christmas and so

today has been dubbed Cyber Monday when many of us shop online getting

Experian predicts we'll spend ?943 million today making it the busiest

time of year for retailers and for delivery businesses as

Steph McGovern has been finding out at DHP in Birmingham.

Good morning. I am in one of the 180 vans which is about to leave this

site. The driver is about to head off. He has 110 drops to do. It is a

massive operation. 24,000 parcels they are delivering in this region

on this morning alone. That is double what they would have on a

typical Monday. We are spending a lot more with online shopping then

we have done in the past. Over the last few days we are expected to

have spent ?3.2 billion, and that includes today as well. Today we are

expecting to spend ?1 billion online, on what is called cyber

Monday. That is up 32% compared to last year. Let me talk to Simon. How

do you prepare for Christmas? It is all in the planning. We start

planning for this in January, the first day back after Christmas. This

is 11 months in planning. A lot of investment. ?100 million spent on

people, infrastructure, vehicles. We are geared up for it. How much does

weather cause chaos? We do not think about it. We get on with it. We deal

with what we have got on hand here. The weather is secondary. You deal

with doubly mad parcels today? Yes, compared to an average Monday. How

much do you feel the pressure of more people buying online? How much

more can you expand? It is all in the investment. You are studying the

second-largest hub in Europe right now. We have got the first largest

one. We are investing in the future. We have no concerns.

Steph talking about Cyber Monday and having experienced Black Friday. So

the story was this year, of course, much more of the sales... Did you

draw straws who did Friday and who did Monday? I came out better. On

Friday it was more for online. This is Business Live.

Our top story world leaders are to open the UN climate summit in Paris.

The meeting will see negotiators from 195 countries try to finalise

a new treaty on curbing climate change.

With Christmas just round the corner many children will be

But amid all the choice, young children are, all too often,

being exposed to violent computer games, overly sexual clothing,

and many parents worry that the innocence of childhood is being

So there's increasing demand for more wholesome toys.

So welcome the Lottie doll, it's based on

a real nine-year-old and unlike its more famous rival Barbie it doesn't

The doll was launched by the British company Arklu and has already won

support from campaigners including the Campaign for Body Confidence.

She's also been rather popular, Lottie is now available

in over 30 countries and 3000 stores around the world.

The woman behind the doll is Arklu's cofounder and

Along with her business partner, she has built the start up

into a global brand by, as she says "letting kids be kids".

She has been trying to arrange these without them falling. You have got

one to pass me. She is not in the box. It is Phossing hunter mUnl.

Explain the dolls because they are on a real nine-year-old girl's body

shape. That's correct. But it is not about princesses and that kind of

thing solely. As she illustrates, this is about other roles that girls

can play. Absolutely. We really wanted to show there are many ways

to be a girl. We created a doll body that is based on the average

proportions of a nine-year-old girl, Lottie doesn't wear make-up,

jewellery or high heels and she is doing all the activities that real

kids do. Whether that's karate, sports, ballet, stargazing, fossil

hunting, a wide range of things. I didn't do any fossil hunting, did

you? The dolls and the storylines that go with them and their career

and their interest, it goes from crowd sourcing. You have got kids to

tell you what they want the dolls to do? This doll has been designed by a

six-year-old girl in Canada called Abigail. Her mother wrote to us

saying, "My daughter loves stargazing." We thought there was

something in this. Abigail created the clothes ideas and she came up

with the ideas for the packaging themes as well. And that's really a

big US P of our business, the fact that it is about kids in terms of

their own activities, but also their ideas as well. What got you started?

Why did you start this business? My business partner and I, Ian, we both

saw there was a real need in the market for something that was

different. Definitely far more value driven and that parents wanted

something more for their kids than was currently out there with other

fashion dolls. So we spent 18 months doing a lot of research with

parents, retailers, as well as child psychologists and that culminated in

Lottie. This is equally applicable to boys when we are talking about

body image and for example what Barbie or Cindy, for boys it is

Actionman and you have a boy doll Finn and that's based on the same

principles, isn't it? We created Finn as a result of e-mails that we

received from parents. They were saying, "Both my daughters and sons

play with Lottie. We'd love you to create a boy equivalent." So again,

we created a boy figure and we really wanted to get him doing all

the activities that kids do of that age. Kids enjoy playing with each

other. We didn't want to put him in a boyfriend role or anything on this

level. How did you get - I know your original background was investment

banking... Yes, I escaped How did you come from investment bank to go

creating dolls like this? It was through a combination of different

factors. It was meeting my business partner Ian. His background was a

finance Director of A toy company and together, we met through friends

of friends. Went out for an evening back in December 2010 and that was

at the time when William and Kate got engaged. I said to Ian, "There

is a real opportunity here, we should create a Kate Middleton

themed doll and that's what we did. Four months later, no sleep, a huge

amount of work, we ended up launching our Kate Middleton themed

doll in Hamleys. It went worldwide. Followed up four months later with

the royal wedding dolls. We did receive permission from Claudia

Lawrence House to do this and gave a charity donation to Help for Heroes

and the RNLI, but that gave us the necessary cash and credibility that

we could bring a product to market and from that we decided to build

our own brand and here we are. Here we are. Lucie we have ran out of

time. I was really enjoying playing with this. I wish you had been able

to see Sally stroking the hair of that doll the enshire way through.

She keeps dropping her magnifying glass this one. But she is great at

finding fossils, not that I'm saying anything.

Thank you very much for coming in. It has been great to have you on the

programme. We will look through the business

pages using Sally's magnifying glass! Here is a reminder how you

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Trevor Greetham, Head of multi asset at Royal London Asset Management is

The Telegraph talking about how we need to increase taxes. Well, I'm

going to focus more on immigration. But the point she is making is there

is a limit annually of 20700 tier two visas for skilled workers. 20700

is really tiny. She is making the point that middle sized companies

which are the backbone of the economy get to be big companies by

expanding overseas and one of the UK's great sort of advantages in the

world is people want to come to London and they want to come to the

UK. So she is saying the cap should be higher. Immigration in general is

a way of counter agoing the fact that our societies are ageing and

there are a lot of countries Germany and Japan where they are

shrelationshipinging the population because the birth rate is too low.

Either you have to be open-minded about immigration or make more

babies. Let's talk about something entirely

different. A great story in the Guardian, the way technology changed

the way we do everything, except cook our food. An oven is a thing of

the past and there is a proposal here to come up with a 21st century

oven. How do you do that? Do you make warming up food a modern

technological invention? This leaves me a bit cold actually. One of the

things about being alive is cooking badly. It is like going for a walk.

It is one of the things that connects you with the real world.

This is a Tom and Jerrg style oven of the future. It cooks one steak

differently from another steak and it is done perfectly. The one thing

it won't do for you is eat it! In the Guardian and if we can look

at the story on the tablet is that picture of the lady in the kitchen

who looks like I have got her dress on and she is whipping up something

for her partner in the background... It is like the 1950s. I feel the

Lottie doll coming back to me. One thing that may come out of this is

energy efficiency. We have talked about energy efficiency in heating,

but cooking uses a lot of energy. If you could do it and it makes the

food nice. It doesn't tell you how to cook it, it just warms tup. It

would be a bonus for most of us. Trevor, thank you for being on the

programme. Thank you for your company. We will be back at the same

time, same place tomorrow. Bye-bye. Some fairly high impact weather up

and down the UK