Browse content similar to 04/04/2016. 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 | :00:00. | :00:00. | |
The UK Government vows to offer financial support | :00:00. | :00:13. | |
to find a buyer for Tata Steel's UK plants, | :00:14. | :00:15. | |
but stops short of offering a clear plan to save the industry. | :00:16. | :00:18. | |
Live from London, that's our top story on Monday 4th April. | :00:19. | :00:34. | |
As the future of Britain's steel businesses hangs in the balance, | :00:35. | :00:36. | |
Europe also warns of heavy job losses amid a flood of cheap | :00:37. | :00:40. | |
Exposing the offshore tax havens - | :00:41. | :00:47. | |
a massive leak of documents from a law firm in Panama lifts | :00:48. | :00:50. | |
the lid on where the rich and powerful are hiding their wealth. | :00:51. | :00:53. | |
And markets are looking like this in early trade in Europe. | :00:54. | :00:58. | |
In the wake of recent terror attacks in Europe, | :00:59. | :01:11. | |
what impact does it have on the travel and tourism industry? | :01:12. | :01:14. | |
The boss of luxury hotel group Rosewood will be here. | :01:15. | :01:17. | |
And as one magazine says it's raising its price but ditching | :01:18. | :01:22. | |
adverts, we want to know would you pay more for your | :01:23. | :01:25. | |
newspapers and magazines if they got rid of the adverts? | :01:26. | :01:27. | |
Let us know, use the hashtag #BBCBizLive. | :01:28. | :01:44. | |
The UK Government says it is willing to offer support to find a buyer | :01:45. | :01:48. | |
for the Port Talbot steel works in South Wales. | :01:49. | :01:50. | |
Last week Tata Steel announced it was selling | :01:51. | :01:52. | |
Reports say that Indian tycoon Sanjeev Gupta wants to hold talks | :01:53. | :02:00. | |
with the Government about a possible purchase. | :02:01. | :02:02. | |
But it's not just the UK steel industry that's struggling. | :02:03. | :02:05. | |
Across Europe 320,000 people work in the industry | :02:06. | :02:07. | |
and the European Steel Association says thousands of jobs have been | :02:08. | :02:09. | |
More than 166-million tonnes of steel were made | :02:10. | :02:12. | |
Germany is the biggest producer, followed by Italy, France, | :02:13. | :02:18. | |
But steel plants say not enough is being done to protect them | :02:19. | :02:25. | |
from cheaper Chinese imports and are now pushing for higher | :02:26. | :02:28. | |
tariffs to be levied on those imports. | :02:29. | :02:35. | |
Charles de Lusignan is a spokesperson from | :02:36. | :02:39. | |
You represent European steel production, how do you think the | :02:40. | :02:52. | |
situation in the UK differs to Europe right now, because there is | :02:53. | :02:57. | |
trouble everywhere, isn't there? Yes, it is mainly the case that the | :02:58. | :03:01. | |
UK is in the first line when it comes to difficulties being faced by | :03:02. | :03:04. | |
the EU steel industry, this is because of a combination of factors. | :03:05. | :03:07. | |
They have high environmental costs, high business rates, and the | :03:08. | :03:15. | |
strength of the pound, when compared to the URL, means that the UK is | :03:16. | :03:22. | |
particularly exposed, but the problems are generalised, the | :03:23. | :03:25. | |
challenges faced by the entire EU, so where we see seven or 8000 jobs | :03:26. | :03:30. | |
lost in the last nine months or so, a good couple of thousand of these | :03:31. | :03:36. | |
are also from places such as France, Spain and Scandinavia. Absolutely, | :03:37. | :03:41. | |
there is a lot of steel exported and made in Europe, and a lot of it | :03:42. | :03:45. | |
exported to China. How much do you think China is to blame for the | :03:46. | :03:47. | |
problems we are seeing in Europe right now? The Chinese dumping is | :03:48. | :03:53. | |
certainly the largest, Chinese imports into the EU represents the | :03:54. | :03:57. | |
largest share of imports from any country outside of the EU. Chinese | :03:58. | :04:01. | |
dumping is extreme, volumes have gone from 3 million in 2013 to 4.5 | :04:02. | :04:12. | |
million in 2014 to 7 million last year, we expect that to rise. Prices | :04:13. | :04:16. | |
have collapsed by 40% in the last year, this is an extreme case of | :04:17. | :04:21. | |
dumping across a range of product categories, and the effect this is | :04:22. | :04:24. | |
having is to depress prices across the EU, and this is where Port | :04:25. | :04:29. | |
Talbot sees a particular issue, but it is a case that applies to all EU | :04:30. | :04:33. | |
steel, that, while the bobbins themselves are not the largest, we | :04:34. | :04:39. | |
still use 150 million tonnes of steel year so you are talking a | :04:40. | :04:41. | |
small fraction, the price pressure on | :04:42. | :04:44. | |
sales when you sell the steel means that you are potentially operating | :04:45. | :04:59. | |
at unsustainable economic levels. How can Europe hope to compete when | :05:00. | :05:03. | |
that cheaper Chinese still have such an effect on the | :05:04. | :05:05. | |
market? Is there a way to compete with China? It is important to be | :05:06. | :05:13. | |
clear that Europe is still competitive to other countries. The | :05:14. | :05:14. | |
steel from China is unsustainably low priced, | :05:15. | :05:21. | |
it is dumped, sold and sent over here at less | :05:22. | :05:22. | |
than the cost of production, classic dumping, so when we complain of | :05:23. | :05:29. | |
cases of dumping, which is on specific | :05:30. | :05:29. | |
product categories, we have evidence to show that it is being produced at | :05:30. | :05:35. | |
less than it costs them to make it, and that is the | :05:36. | :05:36. | |
issue at play, they are selling at less than it costs to make it in | :05:37. | :05:40. | |
order to bulk up their exports at a time of slowing growth and massive | :05:41. | :05:49. | |
overcapacity in their own sector. OK, thank you for joining us. | :05:50. | :05:59. | |
The leak of 11-million confidential documents from a Panamanian law | :06:00. | :06:02. | |
firm has revealed the extent to which the world's rich | :06:03. | :06:07. | |
and powerful use tax havens to hide their wealth. | :06:08. | :06:09. | |
The documents, some seen by the BBC, show how clients were helped | :06:10. | :06:12. | |
to launder money, dodge sanctions, and evade tax. | :06:13. | :06:14. | |
The law firm at the centre of the revelations, | :06:15. | :06:21. | |
Mossack Fonseca, says it's operated beyond reproach for 40 years, | :06:22. | :06:23. | |
and has never been accused or charged with wrong-doing. | :06:24. | :06:25. | |
Here's our special correspondent Richard Bilton. | :06:26. | :06:26. | |
Panama's carnival attracts visitors from around the world. | :06:27. | :06:31. | |
But, away from the lights, this place is a thriving tax haven. | :06:32. | :06:35. | |
Investors come to Panama for secrecy. | :06:36. | :06:40. | |
You can go to Panama and you can get a foundation, | :06:41. | :06:46. | |
or a trust or a company, and you can use those complicated, | :06:47. | :06:49. | |
slightly strange structures to hide and disguise your ownership | :06:50. | :06:51. | |
An enormous leak of files from this company, Mossack Fonseca, | :06:52. | :07:05. | |
From outside, Mossack Fonseca looks like a perfectly respectable | :07:06. | :07:15. | |
company, but this is a business that's helped people from around | :07:16. | :07:18. | |
Suddeutsche Zeitung and shared with the International Consortium | :07:19. | :07:39. | |
Panorama has been analysing the documents. | :07:40. | :07:41. | |
We found links to 72 current or former heads of state. | :07:42. | :07:44. | |
Like the Icelandic Prime Minister Sigmundur Gunnlaugsson, | :07:45. | :07:48. | |
who had a secret stake in an offshore company. | :07:49. | :07:50. | |
The company held his wife's interests in Iceland's banks, | :07:51. | :07:52. | |
Nobody knew that when her husband was dealing with the Icelandic banks | :07:53. | :08:05. | |
after their collapse - including the British demands | :08:06. | :08:07. | |
for compensation, which he turned down. | :08:08. | :08:08. | |
He walked out when questioned by an Icelandic reporter. | :08:09. | :08:19. | |
Mr Gunnlaugsson is today facing calls for his resignation. | :08:20. | :08:22. | |
He says he has not broken any rules and his wife did not benefit | :08:23. | :08:25. | |
Mossack Fonseca say the services they provide are commonly used | :08:26. | :08:31. | |
worldwide and they are responsible members of the global financial | :08:32. | :08:37. | |
But some of the deals in the files are extraordinary. | :08:38. | :08:47. | |
We believe we have found a billion-dollar laundering | :08:48. | :08:48. | |
This man, cellist Sergei Roldugin - a close friend of President Putin - | :08:49. | :09:03. | |
was officially the owner of two secretive companies which benefited | :09:04. | :09:06. | |
For example, an offshore company borrows $6 million. | :09:07. | :09:11. | |
Three months later, the loan is written off for just $1. | :09:12. | :09:16. | |
Why would anyone want to give all this cash to a cellist? | :09:17. | :09:30. | |
There is nothing that I have seen that would make me do anything | :09:31. | :09:39. | |
other than say, "Stop, we need to investigate very closely | :09:40. | :09:42. | |
To you, does it look like money-laundering? | :09:43. | :09:44. | |
Yes, it does look like money-laundering to me, for sure. | :09:45. | :09:47. | |
Mr Roldugin hasn't answered our questions. | :09:48. | :09:48. | |
Mossack Fonseca say they have a strong compliance record. | :09:49. | :09:50. | |
Through the leak, the world can now see more clearly how the wealthy can | :09:51. | :09:54. | |
And if you're watching in the UK, you can see more on this story | :09:55. | :10:01. | |
Global viewers watching us right now on BBC World News, | :10:02. | :10:07. | |
check your local listings for when it's showing | :10:08. | :10:09. | |
The IMF's Christine Lagarde has warned that a new deal on Greece's | :10:10. | :10:17. | |
The comments were made in a letter to Prime Minister Alexis Tsipras. | :10:18. | :10:22. | |
Greece and its EU and IMF lenders are due to resume talks this week | :10:23. | :10:27. | |
to conclude a review of the country's bailout. | :10:28. | :10:30. | |
Iran says its oil exports have reached 2-million barrels a day, | :10:31. | :10:33. | |
following the lifting of sanctions in January. | :10:34. | :10:35. | |
The country says it won't take part in a meeting later this month | :10:36. | :10:38. | |
in Doha where freezing output will be discussed. | :10:39. | :10:41. | |
Iran has previously said it wants to increase production until it | :10:42. | :10:44. | |
than than 270,000 pre-orders for the new Model 3 electric vehicle. | :10:45. | :10:55. | |
The California-based firm unveiled the five-seater car on Thursday. | :10:56. | :10:58. | |
Potential owners need to put down $1000 deposits | :10:59. | :11:00. | |
And I'm sitting next to one of them. I wish! | :11:01. | :11:22. | |
You are not a card guy, really. Let's have a look at the stories | :11:23. | :11:26. | |
making the headlines on our website. Oil is very much on the minds of | :11:27. | :11:30. | |
investors today, if you can see the story here, or oil prices have | :11:31. | :11:35. | |
dropped yet again. The reason for this, Saudi Arabia, it said it will | :11:36. | :11:39. | |
only participate in global production freeze if Iran also takes | :11:40. | :11:43. | |
part, but Iran is not going to play ball. | :11:44. | :11:46. | |
As we heard in the round-up, some of the stories affecting Enron, after | :11:47. | :11:49. | |
sanctions were lifted on the country it is keen to get its oil and gas | :11:50. | :11:58. | |
exports back up so does not want to take part in a freeze that many | :11:59. | :11:59. | |
hoped would raise the price. Let's check in on | :12:00. | :12:01. | |
the market numbers. Jeremy Stretch is with us, | :12:02. | :12:06. | |
he's head of FX strategy at CIBC. Lots to talk about, let's start with | :12:07. | :12:14. | |
the US, all eyes on what the US will do. What is happening? It is the | :12:15. | :12:19. | |
case that it is the leader in terms of Monetary Policy Committee high in | :12:20. | :12:23. | |
first-rate direction. We saw the labour market data on Friday in the | :12:24. | :12:27. | |
US continued to show the US economy continues to generate good levels of | :12:28. | :12:31. | |
jobs growth, also signs of a pick-up in average earnings, said that has | :12:32. | :12:35. | |
implications for where markets will interpret US interest rates are | :12:36. | :12:38. | |
likely to move, and that has implications for other interest | :12:39. | :12:44. | |
rates markets but also for how equity markets will perform as well, | :12:45. | :12:47. | |
so all eyes will be on the US, particularly into the minutes from | :12:48. | :12:51. | |
the last meeting from the Federal Reserve this week, when they changed | :12:52. | :12:55. | |
their outlook, so that'll be something for investors to focus on. | :12:56. | :12:59. | |
What will investors want to see from the minutes? They will want some | :13:00. | :13:03. | |
degree of recognition as to why the Reserve changed its position so | :13:04. | :13:08. | |
markedly from December to March. We have seen global uncertainty through | :13:09. | :13:12. | |
that period, equity markets falling dramatically in January and | :13:13. | :13:15. | |
February, subsequently bouncing back, so investors will look to try | :13:16. | :13:19. | |
to determine where the Fed will be going and we have seen some | :13:20. | :13:22. | |
aggressive talk from Janet Yellen, the chair of the Federal Reserve, | :13:23. | :13:26. | |
last week, underlining the fact that the Federal Reserve, in her opinion, | :13:27. | :13:30. | |
have a lot of barriers to some degree of movement of interest rates | :13:31. | :13:34. | |
beyond what we saw in December. Let's talk about | :13:35. | :13:51. | |
oil, falling again as we touched on that. There is a danger that we get | :13:52. | :13:55. | |
too caught up on the oil market, that it actually has very little | :13:56. | :13:58. | |
bearing on reality. It is beer, expectation, dissipation, but there | :13:59. | :14:00. | |
is a correlation between oil prices and what everybody is thinking about | :14:01. | :14:02. | |
the state of the economy? That is true, and it has been elevated in | :14:03. | :14:05. | |
the first quarter of this year as investors have produced their | :14:06. | :14:07. | |
assumptions of global growth, which has played into negative demand and | :14:08. | :14:09. | |
expectations on the oil price site and when we see the supplied that | :14:10. | :14:12. | |
you have talked about in terms of Iran, it adds to that. It calls oil | :14:13. | :14:16. | |
markets to trade lower through the first part of this year and that had | :14:17. | :14:21. | |
negative feedback in equity markets and general sentiment. We need to | :14:22. | :14:25. | |
see some degree of stabilisation in terms of the demand and supply | :14:26. | :14:31. | |
balance, unfortunately that is why the upcoming meeting in Gauhar is | :14:32. | :14:35. | |
important, because of course as you correctly said Saudi Arabia do not | :14:36. | :14:39. | |
want to see their market share lost to Iran, and it undermines the | :14:40. | :14:43. | |
geopolitical tensions that impact on the oil price, which then comes back | :14:44. | :14:48. | |
to investor sentiment globally. OK, thank you, I know he will come back | :14:49. | :14:52. | |
and talk to us about the papers in a little while. | :14:53. | :14:54. | |
Still to come: Tourism in the face of terrorism. | :14:55. | :14:56. | |
How do international security fears change our willingness to travel, | :14:57. | :14:58. | |
and how is the industry weathering the storm? | :14:59. | :15:00. | |
The boss of global hotel chain Rosewood will be with us later | :15:01. | :15:03. | |
in the programme as it plans a rapid global expansion. | :15:04. | :15:06. | |
You're with Business Live from BBC News. | :15:07. | :15:17. | |
Homeowners living in areas at risk of flooding should be able | :15:18. | :15:20. | |
to save hundreds of pounds on their insurance premiums from today. | :15:21. | :15:22. | |
A new scheme called Flood Re has been designed to cut the cost | :15:23. | :15:26. | |
of insurance for those whose homes are at risk rather than having | :15:27. | :15:35. | |
to pay a large additional premium to make sure their homes | :15:36. | :15:38. | |
Let's speak to insurance specialist Louise Claro from Circle Insurance. | :15:39. | :15:44. | |
What has been announced? Basically, there will be 17 insurers who will | :15:45. | :15:52. | |
be offering this to start off with. The insurance industry, effectively, | :15:53. | :16:00. | |
is going to collect premiums off all householders, probably ?10.50 per | :16:01. | :16:02. | |
household that's insured and what's going to happen is that money is | :16:03. | :16:05. | |
going to be shunted into a special fund. It will be a levy and that | :16:06. | :16:10. | |
levy which is expected to raise about ?180 million will be used to | :16:11. | :16:18. | |
effectively fund flood risks that come to light as a result of claims. | :16:19. | :16:27. | |
They have They have been restricted and people had high premiums. | :16:28. | :16:41. | |
We think it will affect 350,000 households. 350,000, but not | :16:42. | :16:52. | |
everybody who sat risk risk will be able to get it? Businesses, they | :16:53. | :16:58. | |
were massively hit. We have got claims going through. Huge flood | :16:59. | :17:02. | |
damage and they won't be covered. It will be householders and tenants of | :17:03. | :17:07. | |
properties as well. Now, it means that the excesses in some cases I | :17:08. | :17:11. | |
have heard reports of people having to pay an excess of up to 10,000 or | :17:12. | :17:18. | |
?20,000, normal householders can't afford to write that cheque out if | :17:19. | :17:21. | |
they have an insurance claim, but we think that premiums could, they are | :17:22. | :17:25. | |
being reported come down to as little as ?250 which is more in line | :17:26. | :17:30. | |
with what you'd expect from a household insurance policy. Louise, | :17:31. | :17:31. | |
thank you very much. Interesting comparison between the | :17:32. | :17:46. | |
retail industry and the steel industry and what jobs are | :17:47. | :17:47. | |
considered important. Thousands of jobs have been lost in | :17:48. | :18:05. | |
the steel industry across Europe as a result of cheap Chinese imports. | :18:06. | :18:09. | |
We are staying across that story for you on the BBC. | :18:10. | :18:14. | |
The recent terrorist attacks in Brussels, | :18:15. | :18:15. | |
Paris and Istanbul have taken their toll on travel | :18:16. | :18:18. | |
Hotels, airlines and train companies have all reported a slowdown | :18:19. | :18:21. | |
in visitor numbers and a rise in cancellations. | :18:22. | :18:23. | |
And what can it do to reassure travellers? | :18:24. | :18:27. | |
Well, our next guest is the boss of global hotel giant Rosewood. | :18:28. | :18:30. | |
The firm was founded in 1979 and now operates 55 hotels in 18 countries. | :18:31. | :18:33. | |
The Hong-Kong based company has a strong US presence after a merger | :18:34. | :18:42. | |
in 2011 and runs more than 2,000 hotel rooms worldwide. | :18:43. | :18:44. | |
Radha Arora is the president of Rosewood. | :18:45. | :18:47. | |
Lovely to meet you. Thank you for coming to talk to us. Let's cover | :18:48. | :19:01. | |
the terrorism aspect because I'm sure it is playing on many hotel | :19:02. | :19:05. | |
companies minds across the world. How big an impact have the recent | :19:06. | :19:09. | |
terrorist attacks and events that we have seen worldwide had on business | :19:10. | :19:15. | |
and how does one deal with it? Well, in answer to your first question we | :19:16. | :19:20. | |
have not had a scale back. People are becoming more and more resilient | :19:21. | :19:24. | |
in the face of terrorism. It is unfortunate that it continues to | :19:25. | :19:28. | |
happen and I lived through the IRA bombings back in the 70s and the 80s | :19:29. | :19:32. | |
here and we found ourselves to be resilient. So what is happening is | :19:33. | :19:37. | |
that people are cautious. It is our obligation to work with the local | :19:38. | :19:43. | |
communities to mitigate that risk. And we adhere to the responses that | :19:44. | :19:48. | |
we have had from the companies and as I said, our obligation is to take | :19:49. | :19:52. | |
care of them and make it a safe haven. What can you do to reashire | :19:53. | :19:58. | |
to people that the country they are coming to, the hotel they are | :19:59. | :20:01. | |
staying at will be safe and that they need not change their travel | :20:02. | :20:05. | |
plans? Well, we continue to through our website we continue to mention | :20:06. | :20:11. | |
the fact that it is a safe haven. Some of the destination that is we | :20:12. | :20:16. | |
have our properties in are resort destinations. We are not in loads of | :20:17. | :20:22. | |
risk affected destinations. If you go to Mexico, the Caribbean, | :20:23. | :20:25. | |
Antigua, from London and we know London is a safe, is the safest | :20:26. | :20:31. | |
airport in the world to travel from. So that's always there. But again, | :20:32. | :20:35. | |
as I said, we work with the local communities and local governments to | :20:36. | :20:40. | |
mitigate that risk and when people ask us those questions we will | :20:41. | :20:45. | |
reassure them. Let's talk about Rosewood. You have | :20:46. | :20:51. | |
many luxury high end hotels across the world. You have a big presence | :20:52. | :20:55. | |
in America. You are well-known there, perhaps not so much in Europe | :20:56. | :20:58. | |
and in London. What are you doing to change that? What are your expansion | :20:59. | :21:05. | |
plans? Well, the company was founded in Dallas many years ago. There is a | :21:06. | :21:11. | |
whole sense of mantra that we use is very different, very deliberate and | :21:12. | :21:14. | |
hence the reason why we have taken a long time to evolve in Europe. We | :21:15. | :21:22. | |
have actually as you know, we opened Rosewood London two years ago. It | :21:23. | :21:26. | |
received so many awards. It is a typical sense of place des anyone | :21:27. | :21:33. | |
nation. What do you mean? It is in hold burn. We have created | :21:34. | :21:41. | |
destination... Poor hold burn? There wasn't a luxury operator in hold | :21:42. | :21:47. | |
burn and now it is seen as a mid-town destination for London, you | :21:48. | :21:50. | |
have got Covent Garden nearby and the theatre district nearby. So by | :21:51. | :21:55. | |
arriving in London, we have kind of put a flag in London. We have | :21:56. | :22:08. | |
announced a Rosewood hotel in Paris. And Rosewood which is an | :22:09. | :22:18. | |
800-year-old destination in Tuscany. City and resort destinations so we | :22:19. | :22:22. | |
are continuing to evolve and make a statement in Europe. During the | :22:23. | :22:26. | |
expansion, of course, you are doing so in an environment we keep hearing | :22:27. | :22:30. | |
the word uncertainty and uncertainty about the UK's membership of the EU, | :22:31. | :22:34. | |
uncertainty about a slowdown in China and debt deals in Europe. What | :22:35. | :22:38. | |
is the biggest risk to you? What's the thing that keeps you awake at | :22:39. | :22:42. | |
night amongst many? What's the one you are most worried about? | :22:43. | :22:48. | |
Certainly, the aspect of European Union. Our office is based in Los | :22:49. | :22:53. | |
Angeles, it is not something I have given thought to, but something that | :22:54. | :22:58. | |
does keep me up at night is other brand operators in our luxury... Who | :22:59. | :23:02. | |
are your big rivals? Can I mention them? Yes, of course. Four Seasons, | :23:03. | :23:12. | |
Peninsula. We deliberate over finding the unique destinations and | :23:13. | :23:18. | |
you see Rosewood London, in Paris, we want to create this auz thentic | :23:19. | :23:21. | |
experience so what does keep me up at night is the fact how do we | :23:22. | :23:27. | |
continue to different ate ourselves and finding ourselves separated from | :23:28. | :23:30. | |
our competition? Interesting stuff. Thank you for coming in. Nice to see | :23:31. | :23:32. | |
you. The Business Live page is where you | :23:33. | :23:43. | |
can stay ahead with the day's breaking business news. We will keep | :23:44. | :23:47. | |
you up-to-date with the latest details with insight and analysis | :23:48. | :23:51. | |
from the BBC's team of editors around the world. We want to hear | :23:52. | :23:55. | |
from you too. Get involved on the BBC Business Live web page. | :23:56. | :24:01. | |
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Let s take a quick look at the stories making business | :24:16. | :24:22. | |
Falling rates for adverts because they are not able to charge as much? | :24:23. | :24:35. | |
What we have seen is the print media are finding themselves squeezed. It | :24:36. | :24:43. | |
is by lower ad revenue and lower levels of circulation. So they have | :24:44. | :24:49. | |
taken this solution so say well, we will cut ads and reduce the number | :24:50. | :24:56. | |
of pages and hope they can recoup and maintain a core residual | :24:57. | :25:02. | |
readership which will be enough to maintain readability. We have seen | :25:03. | :25:07. | |
in the Evening Standard where they have added advertising and removed | :25:08. | :25:11. | |
the purchase price. There are two models being followed by the print | :25:12. | :25:15. | |
media to maintain their sector in the market. This is a horrible | :25:16. | :25:20. | |
picture! It is about cockroaches. It is about the new word for companies | :25:21. | :25:25. | |
that are survivors and resilient because cockroaches are. They will | :25:26. | :25:30. | |
survive a nuclear hollow Cors. We talking about companies that will | :25:31. | :25:35. | |
survive. Well, we are talking about traditional means of building up a | :25:36. | :25:40. | |
company, starting small and starting slow and keeping costs low. And | :25:41. | :25:44. | |
what's what this article is implying. Jeremy, thank you. | :25:45. | :25:47. | |
There will be more business news throughout the day on the BBC Live | :25:48. | :25:52. | |
webpage and on World Business Report. | :25:53. | :25:54. | |
Hello. Yesterday temperatures hit 17 Celsius at Gravesend. The warmest | :25:55. | :26:11. | |
day of the year so far. You maybe wondering if we have got more of | :26:12. | :26:16. | |
that warm weather to come this | :26:17. | :26:17. |