Browse content similar to 18/07/2016. Check below for episodes and series from the same categories and more!
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Hello, this is business live from the BBC. Turkey into a mile, the | :00:10. | :00:15. | |
government tries to reassure investors after the failed military | :00:16. | :00:20. | |
coup. We ask what's next. Live from London that's the top story today on | :00:21. | :00:23. | |
Monday 18th July. In an emotional speech, the | :00:24. | :00:43. | |
president of Turkey has vowed to cleanse the fibres from the Turkish | :00:44. | :00:48. | |
state, despite strong words investors are concerned about his | :00:49. | :00:51. | |
role as leader. We will get an expert outlook on the Turkish | :00:52. | :00:55. | |
economy. Also Japan's should go ahead, despite concern | :00:56. | :01:10. | |
over Britain's decision to leave the EU. We don't have the numbers for | :01:11. | :01:15. | |
you, they are all heading high in Europe, shares in ARM Holdings | :01:16. | :01:22. | |
jumping by a Ford is explicit. Also in the programme, what is it like to | :01:23. | :01:25. | |
drive one of biggest car companies in the | :01:26. | :01:35. | |
UK as a woman. We will be hearing from Linda a little later. And one | :01:36. | :01:41. | |
British firm is trying to find out why a high proportion of people | :01:42. | :01:46. | |
living in Sardinia live to over 100. They have bought the genetic data. | :01:47. | :01:50. | |
We would like to know if you would like to live till over 100 or is | :01:51. | :01:53. | |
this just research for the I am nearly 100, it's the incredible | :01:54. | :02:17. | |
make-up team that fools you! The military coup had failed in key | :02:18. | :02:22. | |
dominated headlines this weekend. The government is trying to reassure | :02:23. | :02:26. | |
investors that the country is under control of the government and the | :02:27. | :02:29. | |
economy and the outlook is sure. Yet the reaction was swift on Friday | :02:30. | :02:35. | |
when this emerged, the Turkish lira tumbling by almost 5%. It has | :02:36. | :02:39. | |
recovered a little since then. This was the biggest one-day fall for the | :02:40. | :02:43. | |
Turkish currency since the financial crisis of 2008. Also the central | :02:44. | :02:51. | |
bank was swift to promise unlimited liquidity for banks and the Deputy | :02:52. | :02:55. | |
Prime Minister has taken to social media, trying to reassure investors | :02:56. | :03:00. | |
that the economy's fundamentals are strong. And of course there is | :03:01. | :03:06. | |
concern about the Turkish economy with the tourist industry, key to | :03:07. | :03:11. | |
economic growth, having had a tough year. If you look at the way things | :03:12. | :03:21. | |
have been since May, the all-important tourist sector | :03:22. | :03:24. | |
slumping by one third on the previous era. That's foreign | :03:25. | :03:27. | |
arrivals continuing to fall. What is the outlook? | :03:28. | :03:35. | |
Joining me now in the studio is Cornelia Meyer, chief executive | :03:36. | :03:38. | |
of Meyer Resources but also on the advisory board | :03:39. | :03:40. | |
A very warm welcome, lovely to see you. We heard about the measures | :03:41. | :03:46. | |
that the government is trying to use to reassure investors, | :03:47. | :03:49. | |
is it enough? I don't think it will do the trick. | :03:50. | :03:51. | |
Let's look at the two dish economy as a whole. Manufacturing is | :03:52. | :03:55. | |
important as well. 3% of global oil supply goes through | :03:56. | :03:58. | |
the Bosporus and another 2.15% comes | :03:59. | :04:01. | |
from pipelines from the Caspian Sea, from Russia and Iran, into | :04:02. | :04:13. | |
Europe. It is a crucially important country. | :04:14. | :04:16. | |
What gives me hard is that it has strong middle-class, a typical | :04:17. | :04:23. | |
middle-class economy, 12,000 dollars a year per capita. | :04:24. | :04:35. | |
It is a strong middle-class which means strong | :04:36. | :04:38. | |
consumer 's but definitely they need to arrests and arrivals. We should | :04:39. | :04:44. | |
be heartened by the fact that the Bosporus was only closed for a | :04:45. | :04:48. | |
couple of hours and then opened again although it is important to | :04:49. | :04:53. | |
Europe what happens there. It's an important time to Europe that we see | :04:54. | :04:55. | |
is stability because you say there is a strong middle-class yet | :04:56. | :05:01. | |
it is polarised. Some are for the government and then there's a strong | :05:02. | :05:05. | |
group which is against it. And add to that the problem with what | :05:06. | :05:08. | |
happened over the weekend, we have had the terrorist | :05:09. | :05:15. | |
attacks in Turkey this year, several in | :05:16. | :05:16. | |
several key locations. Absolutely. What we have to see if that Turkey | :05:17. | :05:25. | |
is the furthest east and post of Nato, the furthest east output | :05:26. | :05:30. | |
have in surgeons but you also have Isil. You never | :05:31. | :05:36. | |
There's a lot of people with guns don't mean well around. And that is | :05:37. | :05:44. | |
difficult. Yes, the government will crack down quite heavily and you | :05:45. | :05:46. | |
know that in Europe we have a very democratic view, but on the other | :05:47. | :05:55. | |
hand we do need to Turkey to be stable. We really do. It is the most | :05:56. | :05:58. | |
We mention that you are on this advisory and the stumble summit. | :05:59. | :06:06. | |
What will you be advising them to deal with the challenges | :06:07. | :06:13. | |
they faced -- the Istanbul summit. We've already had a lot of talks. | :06:14. | :06:16. | |
Our key topic will be geopolitics. We'll do a big | :06:17. | :06:22. | |
panel to look at how geopolitics affects Turkey, but then we will | :06:23. | :06:25. | |
have our usual panels and financial markets where we have London and | :06:26. | :06:32. | |
Frankfurt, all the financial markets, seeing how they interact. | :06:33. | :06:37. | |
with a strong focus on geopolitics, to help investors get a handle on | :06:38. | :06:46. | |
what is going on. Thank you for joining us. | :06:47. | :06:50. | |
We will keep an eye on the situation on Turkey, updating you on what | :06:51. | :06:55. | |
develops. Now some other business stories. | :06:56. | :06:58. | |
The new minister in charge of Brexit says the UK should be able | :06:59. | :07:01. | |
to formally trigger its departure from the EU "before | :07:02. | :07:04. | |
David Davis called for a "brisk but measured" approach, | :07:05. | :07:08. | |
with a likely exit around December 2018. | :07:09. | :07:17. | |
The head of Tesla - Elon Musk - says he's optimistic a software | :07:18. | :07:20. | |
update can improve the firm's autopilot system on its cars. | :07:21. | :07:23. | |
The electric car company has been working on changes since May, | :07:24. | :07:26. | |
after one of its sedans failed to detect a tractor | :07:27. | :07:29. | |
trailer in bright sunlight and crashed into it. | :07:30. | :07:31. | |
Mr Musk hasn't given any details on when the update might happen. | :07:32. | :07:43. | |
We can look at what is on the live page on the website, at the top, | :07:44. | :07:49. | |
Brexit may lead to property caution. Expect occupiers and investors to | :07:50. | :07:57. | |
take a more cautious approach after the referendum result, it says. And | :07:58. | :08:02. | |
the story we have mentioned, arms shares | :08:03. | :08:04. | |
soar -- shares in ARM Holdings are soaring. It really is dominating the | :08:05. | :08:11. | |
UK business News today because it is such a big story. It has been the | :08:12. | :08:13. | |
jewel in the crown of British technology for | :08:14. | :08:18. | |
quite some time. Let's look at it in more detail. The | :08:19. | :08:22. | |
Japanese bank agreeing to buy one of the UK's biggest tech companies. | :08:23. | :08:26. | |
We've been following the story. Karishma Vaswani has been | :08:27. | :08:34. | |
following the story. A pricey punt, as one analyst said | :08:35. | :08:45. | |
to me, and also a big bet on the future, the CEO of the Japanese bank | :08:46. | :08:49. | |
is known for his crazy ideas and with this acquisition it looks as if | :08:50. | :08:53. | |
he is betting on the Internet of things. That means, it's a future | :08:54. | :08:56. | |
where your fridge, your washing machine, even your hairbrush, | :08:57. | :09:03. | |
basically turns into a computer. Everyday objects transformed into | :09:04. | :09:07. | |
intelligent analytical machines. ARM Holdings | :09:08. | :09:08. | |
does not make the chips that power these devices but it does design | :09:09. | :09:16. | |
them, and that is what Softbank is buying, the technology behind the | :09:17. | :09:19. | |
Internet of things. Since Brexit the value of the pound which was been | :09:20. | :09:24. | |
talking about on the channel for the last couple of weeks has fallen and | :09:25. | :09:28. | |
the Japanese yen has strengthened. ARM Holdings may be cheaper. Bank to | :09:29. | :09:34. | |
buy than it was one month ago. While we have seen shares of ARM Holdings | :09:35. | :09:37. | |
in the UK soaring, it is not clear how the Japanese and's shareholders | :09:38. | :09:44. | |
react. Remember that Japanese stock markets are closed today because of | :09:45. | :09:49. | |
a national holiday. The bank is in $100 billion worth of debt and an | :09:50. | :09:52. | |
expensive acquisition may not be what shareholders want now. How do | :09:53. | :09:57. | |
you think this will be food there, is it a vote of confidence in | :09:58. | :10:03. | |
post-Brexit Britain, or just trying to strike while the pound is weak -- | :10:04. | :10:09. | |
how will this be viewed? I think it is very much about what the Japanese | :10:10. | :10:13. | |
bank sees its business strategy as in the future. I do not think this | :10:14. | :10:25. | |
decision by the CEO of Softbank was taken because of Brexit alone. I | :10:26. | :10:30. | |
think it may be cheaper than it was just before Brexit because of the | :10:31. | :10:32. | |
weakness in the British band that may have factored into the | :10:33. | :10:36. | |
ultimate decision that has come through -- in the British pound. | :10:37. | :10:39. | |
Thank you for your thoughts. action in Tokyo today, given that | :10:40. | :10:53. | |
ARM Holdings story, we will see a reaction in Japan when it reopens. | :10:54. | :10:56. | |
Hong Kong up slightly. This is the way that Europe is | :10:57. | :10:58. | |
trading now. The big winner today is ARM Holdings, up Ford is | :10:59. | :11:04. | |
exposing to be open. -- up 46%. The offer that came | :11:05. | :11:17. | |
through from Softbank was around ?17 a share. Markets reacted | :11:18. | :11:19. | |
immediately. We are seeing gains | :11:20. | :11:22. | |
across-the-board. We'll talk you through some of the reasons why, in | :11:23. | :11:27. | |
a moment, first, let's get the text to Wall Street in what we can expect | :11:28. | :11:31. | |
in New York as we start the trading week. | :11:32. | :11:39. | |
Donald Trump is scheduled to accept the nomination from his party as | :11:40. | :11:46. | |
president on July 21. Banks will continue reporting this week, | :11:47. | :11:50. | |
kicking things off on Monday will be the Bank of America followed by | :11:51. | :11:53. | |
Goldman Sachs on Tuesday and Morgan Stanley on Wednesday. Because of | :11:54. | :11:59. | |
market volatility and ultra low US interest rates, banks have been | :12:00. | :12:02. | |
under pressure. Investors are keeping expectations low the coming | :12:03. | :12:08. | |
quarters. A few other companies reporting this week, America's | :12:09. | :12:10. | |
largest car maker, General Motors, Microsoft, Novartis and family | :12:11. | :12:16. | |
streaming service Netflix. Joining us is Trevor Greetham, | :12:17. | :12:21. | |
Head of Multi Asset Good morning. A bit of excitement. | :12:22. | :12:36. | |
It is worth bearing in mind that ARM Holdings is a massive American | :12:37. | :12:40. | |
dollar earner and its share price already went up after Stirling | :12:41. | :12:45. | |
depreciated. about the currency angle, it is more | :12:46. | :12:45. | |
that the Japanese yen has been the Gijon's strongest currency | :12:46. | :12:55. | |
over the year and we are about to see this | :12:56. | :12:55. | |
long awaited bazooka from the bank of Japan | :12:56. | :12:58. | |
and the government, the fiscal manager is diminished. | :12:59. | :13:02. | |
Softbank is thinking, let's get in there while the yen is strong | :13:03. | :13:05. | |
pound is low. It seems that timing is everything, in terms of | :13:06. | :13:11. | |
timing while Theresa May is our new Prime | :13:12. | :13:15. | |
Minister, her thoughts about companies taking over other | :13:16. | :13:16. | |
companies? She has only said they will be scrutiny of | :13:17. | :13:19. | |
this morning Philip Hammond has tweeted | :13:20. | :13:21. | |
that Britain is open for business and has lost none | :13:22. | :13:27. | |
of its allure. When it comes to selling the | :13:28. | :13:29. | |
family silver presence and jobs in the UK! | :13:30. | :13:32. | |
Interesting point, some of the overdue as they are making, they | :13:33. | :13:43. | |
plan to double the UK workforce and keep | :13:44. | :13:45. | |
ahead, presumably sensitive to the concerns that might follow? | :13:46. | :13:50. | |
Bear in mind that ARM Holdings employ 4000 people so it won't | :13:51. | :13:53. | |
change much in UK unemployment although it | :13:54. | :13:55. | |
is a positive story. In general, your thoughts, we are | :13:56. | :14:04. | |
waiting for news on how the UK economy is doing after Brexit. | :14:05. | :14:07. | |
So far it hasn't been great, housing surveys, consumer confidence, other | :14:08. | :14:11. | |
things Nirvana stayed where they've had a | :14:12. | :14:19. | |
lot of stimulus talks thrown at them and we | :14:20. | :14:19. | |
haven't yet seen the bad data, it's like coming to A E and getting an | :14:20. | :14:24. | |
injection and you feel good to start with, I feel we will see worse | :14:25. | :14:26. | |
economic data. The Bank of England can offset the | :14:27. | :14:30. | |
shock value structural hit and they will not be | :14:31. | :14:33. | |
able to offset that damage. We should see a slow is | :14:34. | :14:37. | |
economy. I welcome the fact that fiscal austerity is over. I think | :14:38. | :14:42. | |
the Brexit Again it would be easier to reverse | :14:43. | :14:50. | |
austerity if we stayed in the EU because we want have more | :14:51. | :14:52. | |
money to share! It would seem that we are not! | :14:53. | :14:56. | |
I don't know about when you have had injections but I always get a | :14:57. | :15:00. | |
arm to begin with! Lovely to seal. Travel will be back soon. | :15:01. | :15:05. | |
He's got more to do. Still to come, what | :15:06. | :15:09. | |
is it like to be a woman in a man's world? We'll be speaking to the only | :15:10. | :15:16. | |
female ever to become the boss of a French car company later on. | :15:17. | :15:37. | |
The financial and economic implications of Brexit | :15:38. | :15:39. | |
Two reports out today paint a fairly gloomy picture. | :15:40. | :15:42. | |
Joining us from the Business Newsroom is Andrew Walker, | :15:43. | :15:44. | |
Well, we have got the ITEM Club which is economists that put | :15:45. | :15:51. | |
together forecasts. They are predicting a mark slowdown in growth | :15:52. | :15:54. | |
in the British economy in the aftermath of the referendum vote, | :15:55. | :15:59. | |
1.9% for this year, not so bad, but down to 0.4% in 2017, and then | :16:00. | :16:05. | |
picking up a bit to 1.4% the year after. They do note that there will | :16:06. | :16:10. | |
be some benefit for exporters sart of the decline in the value of | :16:11. | :16:14. | |
sterling, but they expect to see some significant slowdown in | :16:15. | :16:17. | |
business investment. The other report picks up on that theme of | :16:18. | :16:22. | |
business investment. And that is from the accountants Deloitte. They | :16:23. | :16:26. | |
have been doing a survey of chief financial officers at some of the | :16:27. | :16:32. | |
companies in the FTSE 350 index and large privately owned companies and | :16:33. | :16:36. | |
they found that 82% of the finance chiefs that they surveyed are | :16:37. | :16:40. | |
expecting to cut back on capital investment spending in the near | :16:41. | :16:44. | |
future. That's up from a figure of 34% when they did it a few months | :16:45. | :16:51. | |
ago. So, not entirely down to the referendum result, but Deloitte | :16:52. | :16:55. | |
think that's the major factor in the pronounced increase in people | :16:56. | :16:59. | |
planning to cut back on investment spending. We get the information now | :17:00. | :17:03. | |
given the fact that the Bank of England chose to do nothing last | :17:04. | :17:09. | |
week? Yes, isn't it just? The EY item forecast is very much the Bank | :17:10. | :17:12. | |
of England will cut interest rates and we have had strong indications | :17:13. | :17:15. | |
that it is likely to happen in August. Also worth mentions that the | :17:16. | :17:20. | |
survey of chief financial officers was done at a time when uncertainty | :17:21. | :17:24. | |
was at its greatest after the vote, but before we knew who the new Prime | :17:25. | :17:29. | |
Minister was going to be, there is a bit of political stability comeback | :17:30. | :17:32. | |
which could affect the view that some of the finance chiefs take | :17:33. | :17:35. | |
going forward. Andrew, for now, thank you very much indeed. Two | :17:36. | :17:38. | |
interesting surveys out today, that he highlighted there. | :17:39. | :17:43. | |
There is more details on the website or the app. You can look at the live | :17:44. | :17:46. | |
page. Our top story, the Turkish lira | :17:47. | :17:56. | |
has recovered ground in the Asia trading session | :17:57. | :18:04. | |
following a failed military coup. The country's president has vowed | :18:05. | :18:07. | |
to "cleanse the virus" Lots more information on our | :18:08. | :18:22. | |
website. It is changing rapidly. So we will update you. | :18:23. | :18:25. | |
Let's get the Inside Track on an industry which is | :18:26. | :18:28. | |
attempting to "jump-start" its stalled reputation. | :18:29. | :18:31. | |
The diesel emissions scandal has rocked the motoring sector and now | :18:32. | :18:33. | |
manufacturers are looking towards electric as an | :18:34. | :18:36. | |
The French car giant, Peugeot Citroen, has unveiled | :18:37. | :18:40. | |
an ambitious five-year plan which will see the company develop | :18:41. | :18:42. | |
seven plug-in hybrids and four electric vehicles. | :18:43. | :18:44. | |
The group has also become the first carmaker to publish "real-world" | :18:45. | :18:47. | |
Despite this, like many other European manufacturers, | :18:48. | :18:54. | |
Brexit poses a threat to Citroen's business. | :18:55. | :18:55. | |
Britain is the French carmaker's third biggest market. | :18:56. | :19:03. | |
Citroen's CEO is Linda Jackson, an industry veteran who's worked | :19:04. | :19:05. | |
Recently, she was voted the most influential British woman | :19:06. | :19:09. | |
Earlier, the BBC's Victoria Fritz caught up with the boss of Citroen. | :19:10. | :19:16. | |
She started off by asking whether a slowdown in Europe | :19:17. | :19:18. | |
and China posed a threat to the company. | :19:19. | :19:28. | |
Of course, we look at the size of the markets, | :19:29. | :19:35. | |
but if we take China, for example, yes, it slowed down it is not | :19:36. | :19:39. | |
the double digit increases that we were seeing two or three | :19:40. | :19:45. | |
So there is still a market there and I think it is about for us, | :19:46. | :19:51. | |
it is about making sure that we are flexible as a company, | :19:52. | :19:54. | |
to be able to profitable and to produce vehicles that people | :19:55. | :19:57. | |
will want to give them an experience that they want, | :19:58. | :20:07. | |
recognising that the world is chaothic, that's the way | :20:08. | :20:10. | |
the world is now and Europe is stable in terms of the of | :20:11. | :20:13. | |
it is not double digit, but it is single digits, | :20:14. | :20:16. | |
there is lots of places that we as a company are not present | :20:17. | :20:19. | |
so for example in parts of South East Asia where we're not | :20:20. | :20:22. | |
present so there is plenty of opportunities so I think | :20:23. | :20:24. | |
it is about you accept the market is like that. | :20:25. | :20:27. | |
I don't think there is going to be a sudden drop completely in | :20:28. | :20:30. | |
How much has the diesels emissions scandal really | :20:31. | :20:34. | |
You need to be careful because before anything blew up | :20:35. | :20:38. | |
in term of the Volkswagen issue, we had already seen the diesel | :20:39. | :20:41. | |
market going down slightly and it is a steady trend. | :20:42. | :20:52. | |
For me, in the future, what will change in terms | :20:53. | :20:54. | |
of that is what legislation comes out because at the end | :20:55. | :20:57. | |
of the day for me it is not manufacturers certainly not, | :20:58. | :21:01. | |
but it is going to be what government legislation, | :21:02. | :21:05. | |
We have some towns and cities declaring there will be no cars | :21:06. | :21:11. | |
by 2025 there will only be electric cars, we're saying OK, | :21:12. | :21:14. | |
we're going to have many options for our customers so we can react | :21:15. | :21:17. | |
whatever the legislation maybe and that means that we have very | :21:18. | :21:20. | |
clean diesel and petrol engines, new generation, award winning ones, | :21:21. | :21:22. | |
we have electric strategies so we have electric vehicles. | :21:23. | :21:27. | |
We will have electric vehicles even more by 2019, | :21:28. | :21:33. | |
and we have what we call plug-in hybrid electric vehicles | :21:34. | :21:36. | |
so the customer will have a choice depending on his circumstances | :21:37. | :21:39. | |
Do you think your industry is sexist? | :21:40. | :21:41. | |
I don't think it is sexist, but do we have enough | :21:42. | :21:44. | |
I'm often asked this question and I don't have the answer for it | :21:45. | :21:49. | |
as to why they are at not, why are there not more women? | :21:50. | :21:52. | |
When you look at who buys cars, 50% of my customers are women. | :21:53. | :21:56. | |
When you look at who is behind the decision to choose the car, | :21:57. | :21:59. | |
Because we choose all those things. So why are women not interested in | :22:00. | :22:13. | |
entering the automotive industry? It probably goes back historically to | :22:14. | :22:17. | |
be, it was seen as a macho world, very engineering led. And it is not | :22:18. | :22:23. | |
anywhere? I'm not an engineer and you know I understand how a car | :22:24. | :22:26. | |
works, but I am not somebody that's going to open the bonnet and tinker | :22:27. | :22:31. | |
around and really get into that. I see more women coming up through | :22:32. | :22:35. | |
younger women coming up, but there is still a lot of work to do in | :22:36. | :22:39. | |
terms of, you know, at the end of the day, why are there not more | :22:40. | :22:42. | |
women? Well, one of the reasons, it is about trying to find the life | :22:43. | :22:46. | |
balance. Do you think you manage your work-life balance personally? | :22:47. | :22:51. | |
Have I personally? Well, I have step-children, I don't have a | :22:52. | :22:53. | |
family, I didn't have any children of my own and that was a choice and | :22:54. | :23:00. | |
that's about basically I don't think it is fair and I don't think it is | :23:01. | :23:04. | |
possible to be able to do the job I do right now, it is an enormous job, | :23:05. | :23:09. | |
you know, it is 180% of your time and you have to make those choices | :23:10. | :23:14. | |
and you know, I always congratulate people and I encourage people who | :23:15. | :23:18. | |
are trying to do both, but it is very, very difficult. | :23:19. | :23:28. | |
That was Linda Jackson there the boss of Peugeot Citroen. | :23:29. | :23:33. | |
Let's see what other stories are being talked | :23:34. | :23:37. | |
What other business stories has the media been | :23:38. | :23:38. | |
Trevor Greetham Head of Multi Asset at Royal London Asset Management, | :23:39. | :23:42. | |
Let's talk about Tata Steel. This is a story we plucked from the Sunday | :23:43. | :23:50. | |
papers. It is the Sunday Telegraph talking about the sort of | :23:51. | :23:57. | |
negotiations and failed negotiations going on between Liberty Group which | :23:58. | :24:01. | |
really wanted, it was very interested in Tata Steel's | :24:02. | :24:05. | |
operations in Port Talbot. Now it looks like Tata are doing a deal | :24:06. | :24:10. | |
with a German company. Again, Tata Steel is a foreign currency earner | :24:11. | :24:14. | |
from Theresa May's point of view, she will be desperate to keep steel | :24:15. | :24:19. | |
capacity open to earn foreign currency. So any deal that's struck, | :24:20. | :24:24. | |
there will be a lot of scrutiny and politically it is a hot potato and | :24:25. | :24:32. | |
interestingly, it seems what Tata are saying is well, maybe we'll hang | :24:33. | :24:37. | |
on to this asset and go into a joint venture rather than selling it. This | :24:38. | :24:41. | |
could be a pretty profitable facility later on. It is quite an | :24:42. | :24:45. | |
interesting turn around isn't it? When you think about in March of | :24:46. | :24:51. | |
this year when Tata Steel were put up for sale and it looked desperate. | :24:52. | :24:57. | |
It looked like thousands and thousands of jobs were about to go | :24:58. | :25:02. | |
and now here we are, where we are. A big currency devaluation helps in a | :25:03. | :25:05. | |
commodity industry like steel. Let's move on to this one. The secrets of | :25:06. | :25:13. | |
living to over 100. A British Biotech firm is trying to discover | :25:14. | :25:19. | |
that will. There was gathered the data of 13,000 residents in | :25:20. | :25:22. | |
Sardinia. What do you think? I have a view on this. There is a | :25:23. | :25:27. | |
difference between mortality and more bidity which when you are | :25:28. | :25:32. | |
alive, but can't do much! People are living longer and they have got to | :25:33. | :25:35. | |
be healthy and more active and there is evidence that people are healthy | :25:36. | :25:39. | |
and more active and I wonder whether or not after looking at the gene | :25:40. | :25:44. | |
pool in Sardinia, they will find out that people walk a lot and exercise | :25:45. | :25:49. | |
and diet were more of the issue. Gosh, exercise and diet. I nearly | :25:50. | :25:54. | |
brought my gym kit, but I left it at home! | :25:55. | :25:58. | |
Thank you for coming in. And thank you for your company. That's another | :25:59. | :26:00. | |
Business Live. We will see you tomorrow. Bye-bye. | :26:01. | :26:05. |