Browse content similar to 04/12/2015. Check below for episodes and series from the same categories and more!
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This is Business Live from BBC News, with Aaron Heslehurst and | :00:00. | :00:00. | |
The Organization of the Petroleum Exporting Countries gather | :00:07. | :00:13. | |
in the hope of answering the big question - will they, or rather, | :00:14. | :00:16. | |
can they, do anything to reverse the slump in the price of oil? | :00:17. | :00:21. | |
Live from London, that's our top story on Friday the 4th of December. | :00:22. | :00:38. | |
With oil prices at record lows, all eyes are on Opec king-pin Saudi | :00:39. | :00:42. | |
Arabia, under huge pressure to cut production and revive crude prices. | :00:43. | :00:49. | |
So far, the oil-rich nation has refused to budge. | :00:50. | :00:51. | |
Is Yahoo on the brink of breaking up? | :00:52. | :00:59. | |
Bosses have been locked in talks over the future of the | :01:00. | :01:08. | |
The Asian markets were tracking south, we will explain why. | :01:09. | :01:16. | |
And it's Friday, so we are joined by our guru of all | :01:17. | :01:19. | |
He's going to be taking us through hugely important US jobs numbers. | :01:20. | :01:24. | |
They are the last piece in the puzzle that economists have | :01:25. | :01:27. | |
been waiting for, ahead of perhaps the biggest central bank | :01:28. | :01:29. | |
Will December 2015 be the time the Federal Reserve starts raising | :01:30. | :01:33. | |
We always like to know what you think of the stories we're covering. | :01:34. | :01:44. | |
We start in Vienna, where ministers from the oil cartel Opec are holding | :01:45. | :02:00. | |
The big question - will they, or rather can they, | :02:01. | :02:08. | |
do anything to reverse the slump in the price of crude? | :02:09. | :02:14. | |
Here's perhaps the key person around that table, | :02:15. | :02:16. | |
Saudi Arabia's Oil Minister Ali al-Nieemi. | :02:17. | :02:21. | |
He was mobbed by journalists yesterday as he arrived at the | :02:22. | :02:24. | |
meeting, after a report that Saudi was proposing a cut in production to | :02:25. | :02:30. | |
Let's take a look at the background to all this. | :02:31. | :02:39. | |
Here's what has happened to the price of US crude over | :02:40. | :02:42. | |
The graph tells the story - it has more than halved in value. | :02:43. | :02:53. | |
Because there is a massive worldwide glut of oil. | :02:54. | :02:58. | |
Demand has gone down, but Saudi and others have still been | :02:59. | :03:03. | |
The theory is they want to hang on to market share, and force those | :03:04. | :03:10. | |
newcomers to the market, US shale producers, out of business. | :03:11. | :03:20. | |
The result - the lowest oil prices in more than six years - | :03:21. | :03:24. | |
Smaller Opec members like Venezuela are now really struggling | :03:25. | :03:33. | |
They have been putting pressure on Saudi Arabia, the world's | :03:34. | :03:38. | |
biggest oil exporter, and its Gulf allies to cut production. | :03:39. | :03:42. | |
Saudi Arabia may at last be willing to cut production, but only if Iran, | :03:43. | :03:48. | |
Iraq and other non-Opec members like Russia agree to cut as well. | :03:49. | :04:01. | |
So, is there any possibility of a deal? | :04:02. | :04:06. | |
International Oil and Energy Consultant Dr. Manouchehr | :04:07. | :04:07. | |
I know it's Fiona, I realise it's December, but there is a real chill | :04:08. | :04:23. | |
in the air -- it's FENA. There is a real disquiet. Can they agree today? | :04:24. | :04:29. | |
I don't think so. I think the argument that the Saudi minister | :04:30. | :04:34. | |
will so, this strategy is already working and has started to be | :04:35. | :04:38. | |
effective. US oil production, shale, is coming down and so on. Because of | :04:39. | :04:44. | |
the low price, demand is picking up. They will say, wait another six | :04:45. | :04:49. | |
months or another year. But of course others cannot afford that, | :04:50. | :04:51. | |
because they are under pressure in this one last year. Even Saudi | :04:52. | :04:58. | |
Arabia, there are some of the high authorities, printers, complaining. | :04:59. | :05:03. | |
The 700 reserves have gone down to 600 or so -- Princes. They are in | :05:04. | :05:11. | |
the open market. They want to get their bonds and loans and so on. So | :05:12. | :05:17. | |
there is pressure. But overall, I don't know what is happening in the | :05:18. | :05:21. | |
discussions, but I think they will not budge. I think they will | :05:22. | :05:24. | |
continue this strategy, in spite of so much pressure, Venezuelan, | :05:25. | :05:31. | |
Nigeria, they are really suffering, they have had enough. The Saudis are | :05:32. | :05:37. | |
saying, we will cut if Iran, they put pressure on Iran and Iraq, Iran | :05:38. | :05:41. | |
will just enter the market after being locked out last year. Iran | :05:42. | :05:45. | |
doesn't want to cut, they want to get the stuff and sell it. Iraq say | :05:46. | :05:50. | |
that for 20 years they were under sanctions, they deserve to trade. | :05:51. | :05:55. | |
Let me add something, there are pressures from within Opec, on | :05:56. | :06:00. | |
previous occasions, in the 1980s, there was also pressure from the US. | :06:01. | :06:06. | |
George Bush, the vice president, President Clinton, they went and put | :06:07. | :06:09. | |
pressure on Saudi Arabia to cut. This time, there is no US pressure, | :06:10. | :06:16. | |
it is only within the internal Opec pressure on Saudi Arabia. And I | :06:17. | :06:19. | |
don't think they will budge, I think they will wait six months or one | :06:20. | :06:23. | |
year, that is their demand. There is already an effect of this policy. | :06:24. | :06:29. | |
But of course it is long-term. It is two or three years before they | :06:30. | :06:33. | |
actually see this 12 million barrel cut in investment for expulsion | :06:34. | :06:38. | |
production in the industry -- expulsion. Can I ask you one more | :06:39. | :06:46. | |
question? Given the disagreements between members of Opec and of | :06:47. | :06:50. | |
course the Shell gas production, is in your future Opec still a really | :06:51. | :06:54. | |
relevant player in the oil industry? Of course, it is more than | :06:55. | :06:59. | |
35% of the market, and the oil is theirs, they have been through this | :07:00. | :07:03. | |
and they see the fate of other producers, so they want to be in | :07:04. | :07:07. | |
charge of their own. They don't want to be left at the mercy of the | :07:08. | :07:11. | |
so-called market, and there are people in the US campaigning for | :07:12. | :07:18. | |
fair trade, price, to purchase and so on, priced that somebody else | :07:19. | :07:22. | |
will defend fair price. But they know that. In spite of all of this, | :07:23. | :07:27. | |
the ministers are responsible, they know that they have something to | :07:28. | :07:33. | |
do,. Thank you very much for coming in and taking us through that. | :07:34. | :07:36. | |
Let's take a look at some other news for you. | :07:37. | :07:38. | |
A US judge has rejected a bid by the airbag maker Takata | :07:39. | :07:41. | |
and the car maker Honda to end a class action lawsuit. | :07:42. | :07:48. | |
The case had been brought on behalf of millions of owners of cars with | :07:49. | :07:51. | |
Over 19 million US cars have been recalled | :07:52. | :07:54. | |
Takata and Honda have already agreed to settlements for six of the eight | :07:55. | :08:00. | |
deaths linked to ruptured Takata airbag inflators in Honda vehicles. | :08:01. | :08:07. | |
And South Korea's financial regulator says it is investigating | :08:08. | :08:10. | |
possible insider trading by Samsung executives. | :08:11. | :08:14. | |
It is being reported that nine Samsung executives purchased | :08:15. | :08:16. | |
as much as $43 million of stock in a takeover target before Samsung | :08:17. | :08:20. | |
announced a deal to combine with the company in May. | :08:21. | :08:34. | |
You've got the tablet! I do. Let's have a quick look. | :08:35. | :08:37. | |
Let's take a look at the Business Live page. | :08:38. | :08:41. | |
This story took our fancy, handbags at dawn at Avon. They are a huge | :08:42. | :08:48. | |
provider of cosmetics, particularly in the US. They are looking to sell | :08:49. | :08:57. | |
their North American division, but there are investors are claiming it | :08:58. | :09:00. | |
is significantly undervalued, and they have spoken to the chairman and | :09:01. | :09:04. | |
told them that they do not have to be selling, but they have in fact | :09:05. | :09:09. | |
lost confidence in the leadership. You a handbag lady? No, I'm not, you | :09:10. | :09:15. | |
never see me come in with a handbag. I have deep pockets! This is called | :09:16. | :09:22. | |
filling time by the way, ladies and gentlemen! | :09:23. | :09:24. | |
Let's take a look round the world at what's business stories are | :09:25. | :09:27. | |
We'll start in Asia, where Leisha Chi is in Singapore for us | :09:28. | :09:31. | |
with news that Toshiba is planning to spin off its PC business. | :09:32. | :09:35. | |
Does Toshiba want to get rid of its PC business? That's right, there are | :09:36. | :09:41. | |
rumours that Toshiba is looking to split off its arm unprofitable PC | :09:42. | :09:49. | |
business, because it is losing money but also because the Japanese | :09:50. | :09:52. | |
company has been embroiled in one of the country's biggest accounting | :09:53. | :09:56. | |
scandals in years. The firm needs to raise cash and reassure investors | :09:57. | :10:00. | |
about its finances. It has been reporting inflated profits after | :10:01. | :10:05. | |
nearly seven years of improper accounting. Toshiba has been selling | :10:06. | :10:11. | |
off businesses and losing money. It has merged with former rivals. | :10:12. | :10:14. | |
Toshiba used to be a pretty big brand name back on the day. But fast | :10:15. | :10:20. | |
forward now, it only holds about 2% of the global PC market. Apple holds | :10:21. | :10:25. | |
20%. It is going to be hard for them to catch up on the road. Talking of | :10:26. | :10:31. | |
catch up, have a great weekend and we will talk to you soon. Thanks for | :10:32. | :10:32. | |
that. Let's stay with the markets. Asian markets joined the global | :10:33. | :10:36. | |
market slump this Friday, and all to Yes, it acted, | :10:37. | :10:39. | |
and this is the result. The long-awaited announcement | :10:40. | :10:48. | |
from Mario Draghi, the ECB boss, was seen as a huge let-down, as the | :10:49. | :10:50. | |
bank crucially failed to increase the size of the stimulus while the | :10:51. | :10:53. | |
rate cut was less than hoped for. Although I will tell you | :10:54. | :10:57. | |
the euro jumped by more than 3% late yesterday | :10:58. | :11:12. | |
because of the ECB announcement. In fact, the euro posted | :11:13. | :11:15. | |
its biggest single day gain against Talking of dollars, | :11:16. | :11:17. | |
let's find out what will be making All eyes will be | :11:18. | :11:26. | |
on November's job report. It's the last one before the Fed's | :11:27. | :11:33. | |
highly anticipated interest-rate It is expected to show that | :11:34. | :11:35. | |
non-farm payrolls increased Now, that would be less than gains | :11:36. | :11:39. | |
seen in October, but still healthy and in line with | :11:40. | :11:43. | |
an unemployment rate of The report is also predicted | :11:44. | :11:46. | |
to show that wages grew. Another piece | :11:47. | :11:51. | |
of economic data out is US trade-deficit figures | :11:52. | :11:52. | |
for October. The Commerce Department will likely | :11:53. | :11:58. | |
report that the trade gap shrank And after markets reacted negatively | :11:59. | :12:00. | |
Thursday to the European Central Bank's stimulus plans, | :12:01. | :12:05. | |
we'll hear from the man himself, He'll be in New York to participate | :12:06. | :12:07. | |
in a meeting of the Economic Club. We'll hear him react to criticisms | :12:08. | :12:14. | |
that the European Central Bank That is of course the big issue that | :12:15. | :12:29. | |
faced the markets yesterday. We have a guest with us. | :12:30. | :12:31. | |
is co-founder and director of Seven Investment Management. | :12:32. | :12:35. | |
Can the ECB fix the Eurozone's problems? The Eurozone is actually | :12:36. | :12:42. | |
doing quite well, I know what the headlines say, but we have seen | :12:43. | :12:46. | |
confidence indicators rising and better corporate results. Generally | :12:47. | :12:50. | |
we have seen an improvement. Yesterday the euro jumped | :12:51. | :12:53. | |
dramatically. Overall it has been considerably weaker. What we saw | :12:54. | :12:57. | |
yesterday was a market showing a certain level of addiction to | :12:58. | :13:01. | |
quantitative easing. Somebody is not giving them their drugs any more, | :13:02. | :13:05. | |
what happens? The market goes down like that. This will come back the | :13:06. | :13:11. | |
other way. What you will see I suspect is about is back from that. | :13:12. | :13:15. | |
This was completely overdone, it may not be done today, but really that | :13:16. | :13:19. | |
form did not represent any logic at all because we were using | :13:20. | :13:23. | |
extending, the deposit rate going negative further, he was providing | :13:24. | :13:27. | |
more things to buy, extending the period by which it would operate, | :13:28. | :13:30. | |
all of the things, he just didn't give them any more methadone, that | :13:31. | :13:34. | |
is what the market was looking for, then it went into his. I want to | :13:35. | :13:40. | |
talk about miners and commodities, but the bullies in our ears are | :13:41. | :13:43. | |
saying there is no more time. You will come back and take as through | :13:44. | :13:45. | |
some of the papers. Thanks, Justin. from the world's biggest economy, | :13:46. | :13:47. | |
US jobs data - the last bit of the economic jigsaw | :13:48. | :13:51. | |
for the Fed before it decides | :13:52. | :13:53. | |
on where interest rates will go. You're with Business Live | :13:54. | :13:57. | |
from BBC News. It's time for us to look at some | :13:58. | :14:04. | |
of the stories from around the UK. Rail fares for 2016 have been | :14:05. | :14:08. | |
announced, and our very own Ben Thompson is at King's Cross | :14:09. | :14:11. | |
station in Central London. And the lowest rise in fares | :14:12. | :14:15. | |
for six years. Yes, good morning, guys, welcome to | :14:16. | :14:27. | |
King's Cross, one of the busiest stations here in London. 30 million | :14:28. | :14:31. | |
passengers will travel through here during the course of the year. This | :14:32. | :14:34. | |
morning they have been keeping a close eye on the news that rail | :14:35. | :14:38. | |
fares will go up in January. They will go up by 1.1%, that is the | :14:39. | :14:43. | |
lowest increase in six years. Now, it's based on what are called | :14:44. | :14:48. | |
regulated and unregulated fares. The regulated ones, ones that are | :14:49. | :14:51. | |
limited by the government, they are pegged to the inflation rate in | :14:52. | :14:55. | |
July, they go up by 1%. Unregulated fares are set by the companies | :14:56. | :14:59. | |
themselves, they can vary, but on average they will go up by 1.1% | :15:00. | :15:03. | |
across the country. We have been speaking to passengers here this | :15:04. | :15:07. | |
morning who said, we see the need for prices to rise, but in they | :15:08. | :15:14. | |
wanted improvement in the service, they want to see fewer delays are | :15:15. | :15:16. | |
better trained and less overcrowding. I've also been | :15:17. | :15:19. | |
speaking to the rail delivery group, responsible for the rail | :15:20. | :15:23. | |
companies themselves, and also Network Rail. They pointed out that | :15:24. | :15:26. | |
more and more money is now being invested in the railways, more of | :15:27. | :15:30. | |
every pound spent on the services themselves. | :15:31. | :15:52. | |
I think the increase of 1.1%, in return they want to see the service | :15:53. | :16:00. | |
improved. Ben, great stuff, thank you! Every Friday year somewhere | :16:01. | :16:05. | |
else! He has got a very busy weekend | :16:06. | :16:09. | |
ahead, he is moving house. We will give you the address a bit | :16:10. | :16:14. | |
later! Weatherspoon say an old website belonging to them has been | :16:15. | :16:20. | |
hacked, personal details including e-mail addresses may have been | :16:21. | :16:27. | |
stolen. They say a tiny minority of customers with extremely limited | :16:28. | :16:32. | |
details were accessed, plenty more on the website. | :16:33. | :16:42. | |
our top story - a crucial meeting in Vienna. | :16:43. | :16:46. | |
meets in the hope of answering the big question - | :16:47. | :16:52. | |
can they do anything to reverse the slump in the price of oil? | :16:53. | :17:01. | |
That is kicking off at nine o'clock, so plenty more throughout the day. | :17:02. | :17:06. | |
Later today, the US will release its latest unemployment numbers | :17:07. | :17:12. | |
Today's numbers are significant because since October, | :17:13. | :17:16. | |
Fed policymakers have signalled they're likely | :17:17. | :17:20. | |
to raise interest rates at their meeting that starts on the 15th. | :17:21. | :17:24. | |
of significant economic data they'll review. | :17:25. | :17:32. | |
So what kind of number could raise doubts about a Fed move? | :17:33. | :17:36. | |
Our economics correspondent Andrew Walker is with us. | :17:37. | :17:45. | |
Good to see you, Andrew. We are expecting a good number, but if it | :17:46. | :17:52. | |
is anything over 200,000 for the month of November, jobs created, | :17:53. | :17:59. | |
Janet Yellen, a couple of days ago, very positive with their comments, | :18:00. | :18:05. | |
they are going to raise rates, surely? It certainly looks like they | :18:06. | :18:10. | |
are going to do it at that meeting later this month. The US jobs market | :18:11. | :18:15. | |
is pretty robust, we have unemployment at 5%, we are expecting | :18:16. | :18:19. | |
no change later, and we are expecting something of the order of | :18:20. | :18:23. | |
200,000 as an increase in the number of people who do have employment. | :18:24. | :18:27. | |
Over the course of the last 12 months, we have seen the number of | :18:28. | :18:32. | |
people in work raising by about 2.8 million, so no question that the US | :18:33. | :18:35. | |
jobs situation is moving in the right direction. Not quite as robust | :18:36. | :18:39. | |
as the headline figures suggest, however, an awful lot of people are | :18:40. | :18:45. | |
not looking for work because they feel it will be a struggle to find | :18:46. | :18:48. | |
it, and a lot of people working pastime would like to work longer | :18:49. | :18:52. | |
hours. If you look at the overall participation rate, it is quite a | :18:53. | :18:57. | |
bit down from where it was before the recession. That is partly about | :18:58. | :19:01. | |
the ageing population, but not the whole story. The kind of figures | :19:02. | :19:05. | |
that the United States has would be the envy of folks on continental | :19:06. | :19:10. | |
Europe, the eurozone we were talking about before. There is this issue of | :19:11. | :19:16. | |
wage growth, not particularly strong in the US, I wonder how much that | :19:17. | :19:19. | |
plays into their thoughts. It is an important factor, because the key | :19:20. | :19:24. | |
thing that will lead the Fed to raise rates is concerned that maybe | :19:25. | :19:30. | |
there might eventually be an inflation problem. There certainly | :19:31. | :19:32. | |
is not one at the moment, even when you take out the effect of very low | :19:33. | :19:37. | |
oil prices and the effect that has had on what it costs motorists to | :19:38. | :19:41. | |
fill their cars. Core inflation is still pretty low in the United | :19:42. | :19:46. | |
States, about 1.3% is one of the key figures that the Fed likes to look | :19:47. | :19:50. | |
at, and they have a target of 2%. But nonetheless wage growth, yes, I | :19:51. | :19:56. | |
mean, it is not very robust, but there is enough going on to suggest | :19:57. | :20:01. | |
that, with these very low-level is of unemployment, that there could | :20:02. | :20:05. | |
conceivably be a problem in due course. So I think the Fed does | :20:06. | :20:10. | |
think now is the time to start very gradually raising interest rates. If | :20:11. | :20:13. | |
we do see a rate rise, it is going to be a small one. A little mini | :20:14. | :20:24. | |
one, a quarter of a percent? It is a tale of two very different | :20:25. | :20:27. | |
economies, so to the eurozone, we saw the action by Mario Draghi, the | :20:28. | :20:32. | |
ECB yesterday, but is there still too much expectation that it is the | :20:33. | :20:38. | |
job of the European Central Bank to fix the eurozone problems? It is | :20:39. | :20:43. | |
not, is it? They have got a role in ensuring that there is sufficient | :20:44. | :20:47. | |
demand in the economy, but it is not entirely down to them by any means. | :20:48. | :20:52. | |
There is still, if you ask Mario Draghi himself, he will tell you | :20:53. | :20:56. | |
there is still an enormous agenda of structural reform in labour markets, | :20:57. | :21:02. | |
in promoting more competition in services and industries. He will | :21:03. | :21:05. | |
tell you there is still an enormous job to be done there on the part of | :21:06. | :21:10. | |
eurozone governments. He also, I think, probably takes the view that | :21:11. | :21:14. | |
some of them could do a little bit more by way of fiscal policy, | :21:15. | :21:18. | |
spending and taxes to stimulator economic growth. But that has become | :21:19. | :21:24. | |
a rather heretical idea, the eurozone is still very much consumed | :21:25. | :21:31. | |
by this idea that you do need to maintain very fierce discipline over | :21:32. | :21:35. | |
government finances. Some have serious problems with that, most | :21:36. | :21:38. | |
obviously Greece, but there are probably some that could go a little | :21:39. | :21:42. | |
easier without doing any great damage, and I think Mario Draghi | :21:43. | :21:48. | |
thinks Germany could do that without any great danger. Very briefly, we | :21:49. | :21:52. | |
have seen persistent strength when it comes to the euro, a real problem | :21:53. | :21:58. | |
for lots of the countries across the eurozone, particularly Germany, | :21:59. | :22:02. | |
difficult for exporting nations, and what we saw yesterday with Mario | :22:03. | :22:07. | |
Draghi disappearing gait disappointing the markets, it was | :22:08. | :22:11. | |
strengthening again. Yes, but the medium term trend has been a | :22:12. | :22:18. | |
weakening euro. One of the things they want to see is the euro | :22:19. | :22:24. | |
remaining relatively weak, so as long as Justin was right to say that | :22:25. | :22:30. | |
that strengthening is a temporary affair, an overreaction, I think | :22:31. | :22:33. | |
they can probably live with it, but we will be watching it carefully. | :22:34. | :22:39. | |
Thank you very much for coming in. We got a tweet from Alexander, he | :22:40. | :22:44. | |
says all oil economies are hurting, often not mentioned, Norway. You can | :22:45. | :22:50. | |
get in touch with us as well, this is how you can get in touch with us. | :22:51. | :22:54. | |
The Business Live page is where you stay ahead with all | :22:55. | :22:56. | |
We'll keep you up to date with all the latest details with insight | :22:57. | :23:01. | |
and analysis from the BBC's team of editors right around the world. | :23:02. | :23:05. | |
get involved on the BBC Business Live web page at bbc.com/business, | :23:06. | :23:14. | |
and you can find us on Facebook at BBC Business News. | :23:15. | :23:19. | |
Business Live on TV and online, whenever you need to know. | :23:20. | :23:29. | |
Justin is back, he will be taking us through some of the papers, in the | :23:30. | :23:38. | |
Economist they are talking about Yahoo and what now for the boss? | :23:39. | :23:43. | |
This was a great brand 15 years ago, completely overtaken by Google, so | :23:44. | :23:49. | |
as a search engine it is almost irrelevant, and its biggest asset is | :23:50. | :23:55. | |
its investment in Ali baba. There is a private equity firm involved in | :23:56. | :23:59. | |
that, and we know what they are like, nice reasonable people! No, | :24:00. | :24:03. | |
they want to get their money out of this. Unfortunately, we have got the | :24:04. | :24:09. | |
dear lady running it, Marissa Mayer, and she has joined to try to revive | :24:10. | :24:15. | |
the business, has not been able to, so I would not be surprised if they | :24:16. | :24:19. | |
sell off some of the assets and probably you will end up with this | :24:20. | :24:22. | |
rump of the Alibaba business which would give them an awful lot of | :24:23. | :24:30. | |
value. In the New York Times, is there a | :24:31. | :24:38. | |
shortage of Secret Service men?! So it would appear, I know all about | :24:39. | :24:44. | |
the US Secret Service, I have seen those Harrison Ford films, they | :24:45. | :24:49. | |
worked really well, they are highly efficient, and this is someone | :24:50. | :24:55. | |
called Mr Chavez, I thought he used to run Venezuela... I assume it is | :24:56. | :25:00. | |
not the same man! Misconduct continues, security breaches | :25:01. | :25:04. | |
persist, this is not what you expect from the US Secret Service, guarding | :25:05. | :25:07. | |
the president, but we had a breach of White House fences last week with | :25:08. | :25:11. | |
strangers getting into it. This would seem like amateur week at a | :25:12. | :25:15. | |
time when everyone else is spending a lot of money on extra security, | :25:16. | :25:20. | |
this sort of story. Very strange indeed. Yeah, I wonder what sort of | :25:21. | :25:26. | |
misconduct they get into. Who knows?! Probably a state secret. | :25:27. | :25:33. | |
I think that is it, I'm afraid, sorry, Justin, that is it from | :25:34. | :25:35. | |
business life. There will be more business news | :25:36. | :25:36. | |
throughout the day on the BBC Live web page | :25:37. | :25:38. | |
and on World Business Report. See you later, have a great weekend, | :25:39. | :25:43. | |
cheers! | :25:44. | :25:48. |