Browse content similar to 23/02/2016. Check below for episodes and series from the same categories and more!
Line | From | To | |
---|---|---|---|
This is Business Live from BBC News, with Aaron Heslehurst and Sally | :00:00. | :00:08. | |
The internet of things is set to wire up our world - | :00:09. | :00:13. | |
at the world's biggest wireless industry show, | :00:14. | :00:16. | |
the big auto makers are connecting our cars to cyberspace. | :00:17. | :00:20. | |
Live from London, that's our focus on Tuesday 23rd February. | :00:21. | :00:44. | |
The annual Mobile World Congress is underway in Barcelona - | :00:45. | :00:46. | |
it's the biggest trade show for the global wireless industry | :00:47. | :00:51. | |
where another trend is emerging, car bosses mingling with tech geeks. | :00:52. | :00:54. | |
Forget engine size and air con ? today, | :00:55. | :00:56. | |
Also in the programme: The world's biggest mining company, | :00:57. | :01:05. | |
BHP Billiton, suffers huge losses as the global | :01:06. | :01:08. | |
commodity slump hits it very hard indeed - our team in Asia | :01:09. | :01:11. | |
And markets in Europe are headed in the wrong direction yet again - | :01:12. | :01:18. | |
We will talk you through the winners and losers. | :01:19. | :01:24. | |
And we'll be getting the inside track on ceramics. | :01:25. | :01:30. | |
But think less of old English pottery and more cutting-edge | :01:31. | :01:33. | |
Modern ceramics helps both heart surgeons and drug abusers - | :01:34. | :01:37. | |
we'll tell you how later in the show. | :01:38. | :01:41. | |
Connected cars - are you turned on by smart, driverless cars or does | :01:42. | :01:44. | |
the thought of apps that control your car scare the living | :01:45. | :01:47. | |
It's the highlight of the mobile industry's calendar - | :01:48. | :02:12. | |
the annual Mobile World Congress in Barcelona. | :02:13. | :02:15. | |
One of the trends grabbing attention is auto giants mingling | :02:16. | :02:20. | |
It used to be that car buyers would care about engine size | :02:21. | :02:28. | |
and air-con, but today it's all about in-built smart technology | :02:29. | :02:31. | |
for safety, entertainment and connectivity. | :02:32. | :02:38. | |
So in 2020, three in four cars will come with integrated | :02:39. | :02:43. | |
connectivity - that's around 69 million cars, | :02:44. | :02:45. | |
according to the automotive security firm Giesecke Devrient. | :02:46. | :02:51. | |
With every year that goes by, analysts say the car is already | :02:52. | :02:55. | |
becoming part of the internet of things. | :02:56. | :02:57. | |
Germany's auto industry alone is expected to pump $12 billion | :02:58. | :02:59. | |
In fact, under new European Union laws, from 2018 all cars and light | :03:00. | :03:13. | |
vans in Europe must be fitted with a device | :03:14. | :03:16. | |
It's designed to cut road deaths by 10% a year. | :03:17. | :03:22. | |
But who'll foot the bill for all this? | :03:23. | :03:27. | |
Will you add your car as a "device" to your existing phone bill, | :03:28. | :03:30. | |
And then there's training - sales people could spend hours | :03:31. | :03:50. | |
teaching people like me, the not-so tech savvy, | :03:51. | :03:51. | |
how to use their car's advanced technology. | :03:52. | :03:53. | |
Technology correspondent Rory Cellan-Jones is in Barcelona | :03:54. | :03:55. | |
Good to see you. I see a car behind you. Yesterday, interviewed on our | :03:56. | :04:10. | |
programme, the CEO of forward was unveiling a new SUB full of all of | :04:11. | :04:14. | |
this tech, and they have tripled their interest in technology, so I | :04:15. | :04:18. | |
wonder if this highlights the threat of the big tech global players, the | :04:19. | :04:23. | |
threat to the traditional car-makers? | :04:24. | :04:30. | |
Very good to be with you. Before I turn to cars, I just want you to | :04:31. | :04:34. | |
meet a friend of mine who tells us a bit about something, this is an | :04:35. | :04:38. | |
animatronic dog, part of the Internet of things that we are | :04:39. | :04:41. | |
talking about. Wake up, fella. He is wearing a collar with a cheap | :04:42. | :04:49. | |
sensor, and this is what is driving this revolution, the internet of | :04:50. | :04:53. | |
things. Everything in our lives is going to be connected to the | :04:54. | :04:55. | |
Internet over the next five years or so, which includes not just dogs but | :04:56. | :05:02. | |
cars. At this show, you have not just got the mobile phone makers and | :05:03. | :05:07. | |
networks, you have now got the car companies. This particular car is | :05:08. | :05:13. | |
being demonstrated by the mobile network AT It has got a SIM card | :05:14. | :05:16. | |
in it, more and more cars will have a SIM card, they will effectively | :05:17. | :05:23. | |
become mobile phones. Last year in America 50% of all new cars sold had | :05:24. | :05:27. | |
a connection to the Internet, it will become common. What does it | :05:28. | :05:31. | |
give you? This one has a mobile hotspot, you can connect to the | :05:32. | :05:34. | |
car... But your microphone back on! It | :05:35. | :05:42. | |
dropped off somewhere! It was after you strangled the robotic dog! | :05:43. | :05:51. | |
Yes, cars will be full to the boot with technology. Let me ask you | :05:52. | :05:56. | |
about five G, I'm still getting my head around 4G, but tell us about | :05:57. | :06:06. | |
five G? A lot of talk about 5G year. At this place, where 70,000 people | :06:07. | :06:09. | |
are trying to use networks at the same time, a bit of 3G would be | :06:10. | :06:14. | |
excellent! It is still a way off, five years or so, but already a big | :06:15. | :06:18. | |
debate about it. Mark Zuckerberg was on stage last night and raised an | :06:19. | :06:23. | |
interesting question, 5G is supposedly all about the internet of | :06:24. | :06:27. | |
things, about connecting things to the Internet, and making it better | :06:28. | :06:31. | |
for people who have already got the Internet to get connected. He is | :06:32. | :06:35. | |
billions of people around the world billions of people around the world | :06:36. | :06:38. | |
who have not even got any kind of Internet connection? A bit of a call | :06:39. | :06:43. | |
to the industry there, he got a round of applause for that. There is | :06:44. | :06:46. | |
a certain amount of controversy over how we roll out these networks, | :06:47. | :06:51. | |
whether we make sure everybody has got some connection before we make | :06:52. | :06:54. | |
sure that my dog can go online as well. | :06:55. | :06:57. | |
You go and play with your dog, we will talk to you soon! | :06:58. | :07:04. | |
Yes, it is on, you can take it off now! | :07:05. | :07:08. | |
You would expect our technology Guru to keep the microphone on! | :07:09. | :07:10. | |
He is still listening! Leaders from some of Britain's | :07:11. | :07:14. | |
biggest companies say that leaving the European Union would threaten | :07:15. | :07:19. | |
jobs and put the UK's Bosses from 36 FTSE 100 | :07:20. | :07:21. | |
companies, including BT, Marks Spencer and Vodafone, | :07:22. | :07:28. | |
signed a letter published in The Times newspaper saying | :07:29. | :07:35. | |
an EU exit would deter However, those supporting a Brexit | :07:36. | :07:38. | |
say that leaving would cut "unnecessary" regulation | :07:39. | :07:43. | |
and costs, boosting growth. The founder of Microsoft, | :07:44. | :07:46. | |
Bill Gates, has told the Financial Times that | :07:47. | :07:49. | |
Apple should be forced to co-operate with the FBI's request to disable | :07:50. | :07:51. | |
the security software on an iPhone used by one | :07:52. | :07:53. | |
of the San Bernardino killers. His view is at odds with many | :07:54. | :07:56. | |
of the key players within the tech industry, and yesterday | :07:57. | :07:59. | |
Facebook's chief executive, Mark Zuckerberg, said he was | :08:00. | :08:01. | |
sympathetic to Apple's position. Lower oil prices has helped Qantas | :08:02. | :08:05. | |
post a record underlying pre-tax profit of $665 million | :08:06. | :08:08. | |
for the six months to December. The result is the best first-half | :08:09. | :08:12. | |
profit in the Australian Despite the positive numbers, | :08:13. | :08:15. | |
shares in the company fell by 5% in morning trading, in part | :08:16. | :08:23. | |
due to a recent spike The flying kangaroo, that is right | :08:24. | :08:35. | |
up your alley! We will talk more about that later. | :08:36. | :08:39. | |
I was going to say something but thought I had better not! | :08:40. | :08:43. | |
Let's talk about what aircraft need, and that is airports. Heathrow, used | :08:44. | :08:47. | |
to be the biggest airport in the world in terms of international | :08:48. | :08:51. | |
passenger numbers, Dubai has overtaken that, but profits are up | :08:52. | :08:56. | |
well, up 22%. Heathrow reported the rise in its annual profits, made | :08:57. | :09:04. | |
?223 million. I was going to say times that by 1.5, but given the | :09:05. | :09:09. | |
drop in the pound, I don't think that is right. | :09:10. | :09:12. | |
A lot of stories on the website as ever. Migrant Labour so important | :09:13. | :09:19. | |
for horticulture, this was discussed on BBC Radio Cornwall today. An NFU | :09:20. | :09:24. | |
conference kicking off in Birmingham today, talking about the importance | :09:25. | :09:28. | |
of migrant labour to economic growth, such a hot topic with the | :09:29. | :09:30. | |
Brexit debate ongoing in the UK. Brexit debate ongoing in the UK. | :09:31. | :09:36. | |
190 days until the referendum. We are counting! | :09:37. | :09:38. | |
Count every day. Digging itself into a bit | :09:39. | :09:48. | |
of a hole - mining giant BHP Billiton sees its first loss | :09:49. | :09:51. | |
in more than 16 years. It reported a net loss amounting | :09:52. | :09:55. | |
to a whopping $5.7 billion for the six months to | :09:56. | :09:58. | |
the end of December. Sharanjit Leyl is in | :09:59. | :10:00. | |
Singapore for us. Nice to see you. Tell us more about | :10:01. | :10:06. | |
the HP, because no surprise it has had a bad time but these losses are | :10:07. | :10:10. | |
significant? They are, huge half-year losses. | :10:11. | :10:15. | |
Along with that, the company has issued dire warnings that weak | :10:16. | :10:20. | |
commodity prices will continue. Other comparison, the firm made a | :10:21. | :10:24. | |
profit of nearly the same amount that it has lost this time, over $5 | :10:25. | :10:29. | |
billion, for the same period in the previous year, so what a change a | :10:30. | :10:34. | |
year makes. Of course there was more bleak news for shareholders because | :10:35. | :10:37. | |
BHP has cut its interim dividend pay-out from 62 cents a share to | :10:38. | :10:44. | |
just 16 cents, which is part of its long held policy of increasing or | :10:45. | :10:49. | |
maintaining dividend payments. BHP is warning the period of weak | :10:50. | :10:54. | |
commodity prices and higher volatility would be prolonged as a | :10:55. | :11:03. | |
slowdown in China's economy slows down demand for these commodities. | :11:04. | :11:07. | |
It is not just BHP, all mining companies are in the same boat. But | :11:08. | :11:15. | |
their shares closed 6.2% higher in Sydney as traders forecast a better | :11:16. | :11:18. | |
second half, but that is set against the context of it falling nearly 50% | :11:19. | :11:20. | |
in the past 12 months. Thank you. Let's show you the | :11:21. | :11:31. | |
markets in Asia, hopefully the numbers will appear over my | :11:32. | :11:36. | |
shoulder! Japan closed down by a bad .5% today, market across Asia had a | :11:37. | :11:42. | |
pretty tough session, though BHP Billiton's shares were up 2.6%. | :11:43. | :11:47. | |
Europe headed slightly lower as well. What is the difference today? | :11:48. | :11:52. | |
Oil prices going down again, safe havens like the Japanese yen are | :11:53. | :11:56. | |
back in favour. The nerves are back for the financial market around the | :11:57. | :12:00. | |
world. We cannot show you the numbers now... There you go, you can | :12:01. | :12:04. | |
see them on the screen. I don't know if they are the latest, so let's | :12:05. | :12:10. | |
ignore those now and hand you to New York for a look ahead at what is | :12:11. | :12:13. | |
happening in the US. US investors can look forward to a | :12:14. | :12:17. | |
detailed snapshot of the help of the housing sector on Tuesday. The index | :12:18. | :12:23. | |
measures the price of homes in the 20 major real estate markets. It is | :12:24. | :12:28. | |
forecast to show prices rising 6% compared with a year ago. Also out | :12:29. | :12:32. | |
is the measure of how many existing home sales are taking place in the | :12:33. | :12:37. | |
US, and the number is likely to have fallen slightly to a rate of just | :12:38. | :12:43. | |
over 5.3 million sales per year. But that is still higher than it was for | :12:44. | :12:56. | |
all of 2015, so between them the two reports should encourage investors | :12:57. | :12:58. | |
that the housing recovery is still on, and, if that was not enough, a | :12:59. | :13:01. | |
big home-builder puts out its earnings, which are expected to show | :13:02. | :13:02. | |
a healthy rise in revenue. I wanted to help you out and draw | :13:03. | :13:17. | |
the arrow, pointing down, in red! Let's get rid of those numbers, the | :13:18. | :13:21. | |
technology is not working! The internet of things has gone | :13:22. | :13:24. | |
down! Rory jinxed the entire show! Let's talk about the pound, | :13:25. | :13:34. | |
yesterday had steep falls, but everyone we were talking to | :13:35. | :13:37. | |
yesterday, on my other programmes on BBC world News, it was not down off | :13:38. | :13:43. | |
the back of hard economic fact, it is just uncertainty? That is exactly | :13:44. | :13:47. | |
what it is. If you look at the last month and a half, if you went into | :13:48. | :13:52. | |
the start of February, it was into interest rate differentials, nothing | :13:53. | :13:56. | |
more complicated than that. Three polls at the start of February said | :13:57. | :13:59. | |
there was a possibility that we could have an exit, and the | :14:00. | :14:03. | |
sentiment towards the pound changed. If you look at this week, the | :14:04. | :14:07. | |
announcement about the special deal from David Cameron came out before | :14:08. | :14:10. | |
the close of markets on Friday, sterling was upon the back of that, | :14:11. | :14:14. | |
so the referendum date was not the key. Only one thing happened, Boris | :14:15. | :14:19. | |
Johnson's announcement and how that changed the odds. That is the Mayor | :14:20. | :14:24. | |
of London, for our worldview was. You can see the changing odds on the | :14:25. | :14:28. | |
bookies people's websites, that is what caused the unrest, people don't | :14:29. | :14:32. | |
know what it means, it is as simple as that. What is interesting, as | :14:33. | :14:37. | |
well, the pound fell significantly against the dollar yesterday, it has | :14:38. | :14:41. | |
not fallen today, gone up a little bit, but multi-year lows for the | :14:42. | :14:45. | |
dollar, but the euro is weak as well, and is fairly weak because if | :14:46. | :14:50. | |
the UK were to leave it is not good for the European Union either? | :14:51. | :14:56. | |
Precisely, and it was very noticeable yesterday, sterling was | :14:57. | :14:59. | |
low against the dollar but it was not making it back with the highs | :15:00. | :15:06. | |
against the euro, you were getting a knock-on effect. It could be down to | :15:07. | :15:10. | |
the trade relations, or it could be a belief that populist parties will | :15:11. | :15:14. | |
be whacked on the back of the referendum, and it has a unknown | :15:15. | :15:19. | |
consequences within Europe. With the currency market, it has another | :15:20. | :15:23. | |
knock-on consequence, which is that there are fewer things for people to | :15:24. | :15:27. | |
buy into as a safe haven. Look at today, the strength of the yen, if | :15:28. | :15:32. | |
there is an untoward consequence of this, it but the bank of Japan in a | :15:33. | :15:37. | |
difficult position. Negative deposit rates and yet the yen is | :15:38. | :15:40. | |
strengthened, it is astonishing. On that bright note... I always like to | :15:41. | :15:46. | |
cheer you up! You will come back to take us through the papers later on. | :15:47. | :15:52. | |
We are talking ceramics and for you that may conjure up | :15:53. | :15:56. | |
images of an old English industry from centuries gone by, | :15:57. | :15:59. | |
but we'll be speaking to the boss of materials technology firm | :16:00. | :16:02. | |
Lucideon, that is reinventing a centuries old material | :16:03. | :16:04. | |
You're with Business Live from BBC News. | :16:05. | :16:12. | |
It's like the Duracell bunny, it's the debate that goes on and on, | :16:13. | :16:22. | |
and this morning 36 business leaders from some of Britain's biggest | :16:23. | :16:26. | |
companies have come out backing the campaign to remain | :16:27. | :16:28. | |
They are warning that a vote to exit will threaten jobs | :16:29. | :16:36. | |
Simon Jack is in the business newsroom. | :16:37. | :16:40. | |
.15am Simon, we were expecting this to happen today. It is in the Times | :16:41. | :16:45. | |
newspaper. Tell us who is on the list? Well, at first sight it is an | :16:46. | :16:50. | |
impressive list, you have got the Chairman of BT, BP, Shell, Goldman | :16:51. | :16:55. | |
Sachs, so a long list of powerful companies which employs tens of | :16:56. | :16:58. | |
thousands of people, but in a way, it is a list of the usual suspects. | :16:59. | :17:04. | |
36 of the FTSE 100 have signed it. That begs the question, 64 haven't | :17:05. | :17:07. | |
signed it and that's for a variety of reasons. Some will be leaning | :17:08. | :17:11. | |
towards going out and others won't have had a board meeting yet to | :17:12. | :17:16. | |
decide what posture their company will take. Legal and General is | :17:17. | :17:23. | |
expected to sign it. They are having a board meeting later this week | :17:24. | :17:26. | |
where they have got to decide, whether they are out, in, neutral. | :17:27. | :17:33. | |
Other companies won't want to sign something like this for fear of | :17:34. | :17:49. | |
annoying customers. So plenty of reasons why they haven't signed it. | :17:50. | :17:52. | |
They will probably get another letter in the next few days. Hey, | :17:53. | :17:57. | |
Sim, how effective are the letters? Well, it is a good question. You | :17:58. | :18:02. | |
think, "Who cares what the senior executives think?" Businesses can't | :18:03. | :18:06. | |
vote, but they have got a voice. In the last election, a letter of this | :18:07. | :18:12. | |
nature had a bit of an effect on Ed Miliband's economic credibility and | :18:13. | :18:16. | |
could have cost him. As I say, they may not be that effective. People | :18:17. | :18:19. | |
may not take notice of what Chief Executives think, but this won't be | :18:20. | :18:23. | |
the last letter we see in a national newspaper on this subject! | :18:24. | :18:29. | |
Thank you so much, Simon Jack there. A store that's just been breaking. | :18:30. | :18:34. | |
Standard Chartered reported a $1.5 billion loss. That's a pre-tax | :18:35. | :18:40. | |
annual loss compared to a profit of 4.2 billion the year before. This is | :18:41. | :18:45. | |
a bank that's very Asia-focussed and therefore is having a tough time. | :18:46. | :19:05. | |
We are A car that can make a cup of tea and keep the kids under control. | :19:06. | :19:11. | |
That's the type of car I want! We are talking ceramics | :19:12. | :19:15. | |
and for you that may conjure up Now when you think of ceramics, | :19:16. | :19:21. | |
does fine bone china come to mind? Stoke on Trent in Britain's Midlands | :19:22. | :19:24. | |
is still famous for its pottery, but there's more | :19:25. | :19:27. | |
to it than tableware. Today, ceramics is a material | :19:28. | :19:29. | |
at the cutting edge Used in heart surgery, aerospace | :19:30. | :19:31. | |
and nuclear industries too. Material company Lucideon was born | :19:32. | :19:34. | |
out of the pottery industry in the 1940s, but is hoping to put | :19:35. | :19:36. | |
Stoke on Trent back on the map with high-tech and innovative use | :19:37. | :19:40. | |
of materials like ceramics. The company was originally funded | :19:41. | :19:42. | |
by the UK government and the ceramics industry but it | :19:43. | :19:45. | |
became a fully commercial operation in the late 1980s when | :19:46. | :19:47. | |
the government pulled Lucideon still does research | :19:48. | :19:49. | |
and development and its materials technologies go to support | :19:50. | :19:53. | |
industries from healthcare For instance, it makes | :19:54. | :19:54. | |
biodegradable stents for heart surgery | :19:55. | :20:01. | |
and ceramic coated hips. Lucideon, which has operations | :20:02. | :20:04. | |
in the UK, US and partners in Asia, employs some 200 scientists, | :20:05. | :20:07. | |
engineers and commercial analysts. Group sales for 2015 were ?16 | :20:08. | :20:09. | |
million or nearly ?23 million. Tony Kinsella who has been the boss | :20:10. | :20:11. | |
for the last 10 years Welcome Tony. Good morning. You | :20:12. | :20:30. | |
provided us with a picture and everything there. It is great to | :20:31. | :20:33. | |
have you in. It is an incredible story and it is a story that | :20:34. | :20:38. | |
highlights the evolution, the need of evolution for certain industries | :20:39. | :20:42. | |
and companies. Funding was withdrawn, you have gone commercial, | :20:43. | :20:45. | |
it has become a success, what's the secret? Talent. Need. We were forced | :20:46. | :20:52. | |
to either die or live. So we invested in some raw talent. We | :20:53. | :20:58. | |
talked to our customers, that's the big thing about innovation, | :20:59. | :21:01. | |
invention is great, but what's the point of invention if there isn't a | :21:02. | :21:05. | |
need. Invention is not cheap and quite often you have to invest for | :21:06. | :21:07. | |
sometime before you reap the rewards? Absolutely, Sally. That's | :21:08. | :21:11. | |
the other side of the innovation chain. I see great investment in | :21:12. | :21:17. | |
investment, echo sphere by the UK Government for instance, really | :21:18. | :21:19. | |
great, but there have too much supply and not enough demand. The | :21:20. | :21:25. | |
big issue we see is what about the Chief Executives are demanding unowe | :21:26. | :21:28. | |
vation and want to renew their industry. I go and talk to CEOs in | :21:29. | :21:36. | |
the UK and what I hear is, "Tony, am I the first?" I go to the States and | :21:37. | :21:41. | |
the guys say, "Tony, am I the first buddy?" They want to be first mover | :21:42. | :21:45. | |
and that's a completely change of culture. Does that make it difficult | :21:46. | :21:50. | |
then? To have a great focus in the UK if you're dealing with a | :21:51. | :21:55. | |
mentality. Why not just ship it, I don't want to take business away | :21:56. | :21:59. | |
from the UK, why not ship it to the US? A great place to be and we have | :22:00. | :22:05. | |
set-up a new place in North Carolina where the infrastructure, the | :22:06. | :22:09. | |
mentality, the culture is all about innovation and money and drive, but | :22:10. | :22:15. | |
the technology, the technologyist and the academic support is here in | :22:16. | :22:19. | |
the UK. We are still a brilliant world leader in invention. The UK | :22:20. | :22:23. | |
Government has done a great, great job. We are now number two on the | :22:24. | :22:27. | |
global index for innovation around the world. Number two. Behind | :22:28. | :22:32. | |
Sweden. So your passion is clearly, the | :22:33. | :22:35. | |
innovation, it is the invention, it is that brilliance that you're | :22:36. | :22:39. | |
talking about, but you're really passionate about Stoke-on-Trent in | :22:40. | :22:42. | |
particular and the fact that you want it to become a hub, you want | :22:43. | :22:46. | |
more financing to come to that area. Just talk us through that? It has | :22:47. | :22:51. | |
been the centre of materials. It has transformed materials for hundreds | :22:52. | :22:55. | |
of years. That's what it was built around, Wedgwood, so we have had | :22:56. | :23:00. | |
invention, but it transformed coal to power for the steel industry. | :23:01. | :23:03. | |
Coal to power for the Potteries, that's why the Potteries were there | :23:04. | :23:08. | |
because of coal. And then clay for obviously potteries. So it is a | :23:09. | :23:12. | |
centre of transforming materials. We're looking to get an advanced | :23:13. | :23:17. | |
materials, innovation research and commercialisation centre and the | :23:18. | :23:23. | |
commercialisation is the key. Will you get it? We're looking for the UK | :23:24. | :23:28. | |
Government to be innovative in funding. We want money for start-up | :23:29. | :23:34. | |
and we want them out. Let's fund it ourselves, let's be independent and | :23:35. | :23:37. | |
let's be commercial. Let the Government take a stake, take equity | :23:38. | :23:41. | |
and take risk, we don't want to be on the Government list of funding, | :23:42. | :23:46. | |
but give us a help, part of the Northern powerhouse and really do | :23:47. | :23:51. | |
something that's focussed on materials and transformation. I've | :23:52. | :23:56. | |
got to wrap it up unfortunately. In or out of Europe? Out. I believe in | :23:57. | :24:02. | |
democracy. He believes in democracy. Interesting, we will take you | :24:03. | :24:04. | |
through the business pages soon. In a moment we'll take a look | :24:05. | :24:08. | |
through the Business Pages but first here's a quick reminder of how | :24:09. | :24:12. | |
to get in touch with us. The Business Live page is where you | :24:13. | :24:17. | |
can stay ahead with all the day's breaking business news. We will keep | :24:18. | :24:21. | |
you up-to-date with insight and analysis from the BBC's team of | :24:22. | :24:24. | |
editors around the world and we want to hear from you too, get involved | :24:25. | :24:30. | |
on the BBC Business Live web page. And on Twitter: | :24:31. | :24:35. | |
And you can find us on Facebook, at BBC Business News. Business Live on | :24:36. | :24:39. | |
TV and online whenever you need to know. | :24:40. | :24:50. | |
Simon is back. Let's start with Qantas, the | :24:51. | :24:57. | |
national carrier, Alan Joyce, an Irish chap, the CEO, a lot of people | :24:58. | :25:00. | |
wanted his head because the airline was in such trouble. The turn | :25:01. | :25:05. | |
around? Yeah, look back to where we were 12 months and where the oil | :25:06. | :25:09. | |
price was and look where the oil price is now! | :25:10. | :25:16. | |
Given there has been a slowdown in the Asian economy, that would have | :25:17. | :25:19. | |
been a drag on Qantas and given the fact that there has been problems | :25:20. | :25:22. | |
within the Australian economy as a result, you would have thought that | :25:23. | :25:25. | |
that would have been an issue. So you have got to believe that the | :25:26. | :25:29. | |
major shift is the fact that we have gone from $120 to $35. I think it is | :25:30. | :25:35. | |
a good thing. One of the things I love is the shift in the oil price | :25:36. | :25:40. | |
is making people to talking about non-stop flights to Australia. It is | :25:41. | :25:45. | |
great that the shift is opening up. The airline world to do some radical | :25:46. | :25:50. | |
new things. Simon, we're out of time. We | :25:51. | :25:57. | |
appreciate it though. That's it. More business throughout the rest of | :25:58. | :25:59. | |
the day. We will see you tomorrow. Bye-bye. | :26:00. | :26:08. | |
Winter weather conditions remain in control across the United Kingdom. | :26:09. | :26:14. | |
Cold yes, but actually plenty of sunshine. Cold because we've got a | :26:15. | :26:19. | |
northerly flow around high pressure to the west of us and low pressure | :26:20. | :26:21. |