Browse content similar to 27/03/2017. 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 and Sally Bundock. | :00:08. | :00:10. | |
Major producers consider another plan to boost prices. | :00:11. | :00:17. | |
Live from London, that's our top story on Monday 27th March. | :00:18. | :00:34. | |
Swollen stockpiles are depressing oil prices but what can Opec | :00:35. | :00:38. | |
and non-Opec members do now and what did they discuss | :00:39. | :00:41. | |
We will tell you all you need to know. | :00:42. | :00:46. | |
A record fine for BT with the firm setting aside hundreds of millions | :00:47. | :00:49. | |
of dollars for delays in installing high-speed lines. | :00:50. | :00:56. | |
This is how the European markets are looking. It's a big week for pound | :00:57. | :01:02. | |
as divorce proceedings with the EU are kicked off in London. | :01:03. | :01:10. | |
And we'll be getting the inside track on how demand | :01:11. | :01:12. | |
for luxury goods from Britain is being turned into an upmarket | :01:13. | :01:15. | |
In the wake of the story that two girls have been grounded | :01:16. | :01:23. | |
by United Airlines for wearing leggings we want to know has | :01:24. | :01:25. | |
Or is it reasonable for an employer to dictate the dress code | :01:26. | :01:29. | |
Let us know using the hashtag BBCBizLive. | :01:30. | :01:42. | |
Lower oil prices might be good for consumers - | :01:43. | :01:52. | |
it keeps energy prices down as well as transport and | :01:53. | :01:54. | |
But it's not good for oil producing nations. | :01:55. | :02:01. | |
And this weekend, many of them met to discuss what they can | :02:02. | :02:04. | |
When supply falls, prices tend to rise. | :02:05. | :02:12. | |
Oil prices rose sharply when producers agreed to cut | :02:13. | :02:15. | |
production in November - and whilst prices held up | :02:16. | :02:21. | |
for a while there's been a drop of around 10% in the last few weeks. | :02:22. | :02:25. | |
And that can have a huge impact of the economies of oil | :02:26. | :02:28. | |
Many rely on the money it brings in to fund government spending. | :02:29. | :02:39. | |
The biggest OPEC producer, Saudi Arabia, wants $60 per barrel. | :02:40. | :02:41. | |
Well, there's been an increase in global reserves of oil. | :02:42. | :02:46. | |
The US is the world's biggest consumer and last week it's | :02:47. | :02:50. | |
The US is the world's biggest consumer and last week its | :02:51. | :02:58. | |
stockpiles of crude oil hit 533 millionbarrels. | :02:59. | :02:59. | |
There's also renewed pressure from US shale oil producers | :03:00. | :03:02. | |
As you can see here the number of active US rigs drilling for oil | :03:03. | :03:06. | |
Iain Armstrong is an Oil and Gas Analyst at the wealth | :03:07. | :03:15. | |
Good to see you. Give us more detail about what we have learned from the | :03:16. | :03:26. | |
weekend's meetings. What we have learned is that they still need more | :03:27. | :03:32. | |
clarification on the accuracy of the numbers coming through. With regards | :03:33. | :03:37. | |
to the Opec numbers, we know in February Opec has done a good job in | :03:38. | :03:41. | |
terms of compliance but the non-Opec members of the 21 who signed up | :03:42. | :03:45. | |
haven't done, they're only 64% compliant. So they've got to do | :03:46. | :03:52. | |
something better before something can be changed with regards to the, | :03:53. | :03:58. | |
either extending the agreement, or actually as even suggested maybe | :03:59. | :04:02. | |
increasing the production cut. What do you think is likely to happen? | :04:03. | :04:08. | |
They'll meet fully in May, obviously this current deal that they agreed | :04:09. | :04:12. | |
in November is in place until June. Is it more than likely they'll | :04:13. | :04:14. | |
extend the period of time for the production cuts they've in place at | :04:15. | :04:18. | |
the moment? It's going to depend on a few things. One of the most | :04:19. | :04:22. | |
important things is the rate of demand, increase in demand. We are | :04:23. | :04:26. | |
now getting into the main demand season, particularly in the US. As | :04:27. | :04:32. | |
Ben pointed out, there's been a large increase in the crude oil | :04:33. | :04:37. | |
inventories. The other side of that coin, though, is there's been a | :04:38. | :04:46. | |
sharp fall in the level of distilate for diesel and gasoline inventories, | :04:47. | :04:51. | |
so going into the driving season it's slightly, it's more complicated | :04:52. | :04:54. | |
than the crude numbers would suggest and if we do have a decent driving | :04:55. | :05:01. | |
season then the level at least of the US inventories will drop. If you | :05:02. | :05:06. | |
can take that across the globe, then hopefully also the level of global | :05:07. | :05:11. | |
inventories will drop, probably by the third quarter and that's what | :05:12. | :05:16. | |
the Oman Minister was saying. I agree with him. That's why I think | :05:17. | :05:19. | |
when we come to May they'll probably say let's do it for nor six months. | :05:20. | :05:24. | |
Also, something that has shifted that Ben pointed out is the increase | :05:25. | :05:29. | |
in production in the US in terms of Shea production. That's something | :05:30. | :05:32. | |
that Saudi Arabia has been watching very closely -- shale. It's | :05:33. | :05:37. | |
something they hoped may not be such a big threat in terms of a threat to | :05:38. | :05:43. | |
their income in terms of the price of oil. Again it's more complicated | :05:44. | :05:48. | |
than just it looks like the numbers, the increase in the rigs is a good | :05:49. | :05:57. | |
start, but you have what is called drilled but uncompleted, and there | :05:58. | :06:00. | |
is a lot of those rigs, without getting into too much detail, but | :06:01. | :06:05. | |
you buy a lease in the States. If you don't drill on that lease you | :06:06. | :06:09. | |
will lose that lease. What you do is you drill on that leez just to make | :06:10. | :06:14. | |
sure that you deep the lease. So a lot of the number that's been | :06:15. | :06:17. | |
reported is not necessarily going to turn into production. There will be | :06:18. | :06:24. | |
higher production this year and definitely in 2018. But it's not as | :06:25. | :06:29. | |
clear-cut as the rig count would suggest. All right, thank you for | :06:30. | :06:33. | |
your time. As ever, the devil is in the detail on this. We will try to | :06:34. | :06:36. | |
keep you up to date with any developments that will affect the | :06:37. | :06:40. | |
price of oil. It's worth saying US light crude is $47. 5 a barrel. | :06:41. | :06:46. | |
Brent is 50, just shy of 50. They're both down. Worth keeping an eye Back | :06:47. | :06:59. | |
On Top -- on worth keeping an eye on what happens as a result of that | :07:00. | :07:00. | |
meeting. Delays in installing internet | :07:01. | :07:04. | |
connections are expected to end up costing the UK telecoms firm BT | :07:05. | :07:07. | |
more than $420m. The company installs wholesale | :07:08. | :07:09. | |
services for rivals and most of the payments will be | :07:10. | :07:11. | |
compensation to them. The regulator Ofen has also issued | :07:12. | :07:13. | |
a $52m fine which it says Tens of thousands of people in Chile | :07:14. | :07:16. | |
have taken part in demonstrations calling for the government to scrap | :07:17. | :07:20. | |
the country's controversial Critics say it benefits | :07:21. | :07:23. | |
the administrators and the wealthy but leaves poorer Chileans | :07:24. | :07:27. | |
with a final pension There is more to read about in terms | :07:28. | :07:44. | |
of business stories on our website. BT shares are falling today in | :07:45. | :07:47. | |
London. A few companies are falling in London on the FTSE 100, we will | :07:48. | :07:53. | |
talk about that. Before we head to Asia, a story here discussing MTR, | :07:54. | :07:59. | |
it's been awarded the franchise for Crossrail, the trans-London line. It | :08:00. | :08:03. | |
has also been awarded the south-west trains franchise F you are watching | :08:04. | :08:07. | |
outside the UK you may not know that there's so much debate about who | :08:08. | :08:10. | |
runs trains in this country. Lots of delays and strikes and lots of | :08:11. | :08:14. | |
problems of late on a number of different franchises. Quite a | :08:15. | :08:20. | |
significant moment. MTR runs the Hong Kong Metro. And we are going to | :08:21. | :08:22. | |
head there now. The first woman elected as leader | :08:23. | :08:29. | |
of Hong Kong has vowed to heal divisions amid demands for more | :08:30. | :08:32. | |
democracy and protests at mainland Carrie Lam had the backing | :08:33. | :08:34. | |
of the Chinese government But what do businesses | :08:35. | :08:38. | |
make of the territory's Bring us up to date because it's | :08:39. | :08:50. | |
interesting when you talk about what business there wants and what they | :08:51. | :08:55. | |
want in the territory, have they got the right woman? Well, they | :08:56. | :09:00. | |
certainly think so, even before yesterday's vote we had a number of | :09:01. | :09:08. | |
tycoons here in Hong Kong coming out publicly in support of Carrie Lam, | :09:09. | :09:15. | |
she was selected by a economy of 1200 people, less than 1200 and many | :09:16. | :09:21. | |
she won such strong support it's she won such strong support it's | :09:22. | :09:23. | |
clear the business community supports her. There are issues, | :09:24. | :09:28. | |
though. The issue is that over the last few years she has become a | :09:29. | :09:33. | |
polarising person, a politically divisive person. She was the one in | :09:34. | :09:37. | |
charge of pushing through a political reform package that was | :09:38. | :09:43. | |
unpopular and eventually led to the 2014 protests which paralysed the | :09:44. | :09:47. | |
city for weeks. Now she is the chief executive-elect we are expecting | :09:48. | :09:51. | |
more protests. At least one political party has said they intend | :09:52. | :09:58. | |
to start another civil disobedience movement in July when she takes | :09:59. | :10:02. | |
office. We will keep a close eye to see what difference that makes, | :10:03. | :10:06. | |
thank you very much. Let's stay in the region there. | :10:07. | :10:11. | |
Toshiba's loss-hit US nuclear unit could be placed under bankruptcy | :10:12. | :10:15. | |
protection as early as this week, a report said Monday, | :10:16. | :10:18. | |
The company has now lost more than half its market value | :10:19. | :10:23. | |
since late December, when it warned of | :10:24. | :10:24. | |
multi-billion-dollar losses at Westinghouse and said | :10:25. | :10:26. | |
it was investigating claims of accounting fraud by senior | :10:27. | :10:28. | |
In the US, the decline in US stocks last week was the biggest one week | :10:29. | :10:44. | |
decline since the US election, some say it reflects | :10:45. | :10:46. | |
concern that the optimism about President Trump's promises | :10:47. | :10:48. | |
It's a big week for the pound as the UK government prepares | :10:49. | :10:53. | |
to start the divorce proceedings against the EU. | :10:54. | :10:55. | |
It fires the starting gun on the process by triggering | :10:56. | :10:58. | |
This could well prompt some sterling weakness in the short-term. | :10:59. | :11:04. | |
More on that in a moment, but first to the US and the day | :11:05. | :11:08. | |
This is the last week of March and what will dominate is manufacturing | :11:09. | :11:19. | |
data and consumer surveys. What will be most closely watched is consumer | :11:20. | :11:23. | |
spending numbers which come out on Friday. Two-thirds of the US economy | :11:24. | :11:28. | |
depends on consumer spending so this is an important number to keep in | :11:29. | :11:32. | |
mind. In January, consumer spending was up 0. 0.2% and investors are | :11:33. | :11:37. | |
expecting a similar gain for February. On Wednesday, the | :11:38. | :11:41. | |
congressional budget office will release its analysis of the | :11:42. | :11:45. | |
budgetary changes to spending programmes and the tax code proposed | :11:46. | :11:49. | |
in the President's budget and on Friday, BlackBerry will be reporting | :11:50. | :11:54. | |
earnings. The company is moving away from smartphone hardware to | :11:55. | :11:56. | |
concentrate on software and analysts will be looking to see if it will | :11:57. | :11:58. | |
pay off. Trevor Greetham is with us | :11:59. | :12:01. | |
from Royal London Asset Management. Good to see you, how are you? Very | :12:02. | :12:10. | |
well. How are you? Very well. Now you have been scribbling notes ever | :12:11. | :12:14. | |
since you arrived, writing on that little piece of paper, it's going to | :12:15. | :12:16. | |
be another very interesting week for markets. We saw a shift last week in | :12:17. | :12:21. | |
terms of sentiment on global markets and you feel it's carrying on. Yes, | :12:22. | :12:26. | |
this is the first period of turbulence really we have seen in | :12:27. | :12:29. | |
about a year. If you think about the stock markets, they've risen very | :12:30. | :12:34. | |
broadly over the last 12 months. Sailed through Brexit, they sailed | :12:35. | :12:37. | |
through Trump's election victory. Both of these things meant more | :12:38. | :12:40. | |
stimulus from central banks. Now they're at the point where growth is | :12:41. | :12:46. | |
strong and prices are quite high, and the concern is if Trump can't | :12:47. | :12:52. | |
get Obamacare repealed, how can he get tax reform or further stimulus | :12:53. | :12:56. | |
through? The markets are starting to say maybe we get Trump without the | :12:57. | :13:02. | |
good bits. It was late on Friday when it unravelled. The Obamacare | :13:03. | :13:08. | |
issue, I mean. Most of the markets were closed, they're following | :13:09. | :13:11. | |
through today. I think the real question is is there enough growth | :13:12. | :13:15. | |
in the world to keep stock prices rising and enough stimulus to keep | :13:16. | :13:18. | |
them rising? It's interesting to hear about the oil price staying low | :13:19. | :13:22. | |
at the moment because you are likely to see inflation fall in the second | :13:23. | :13:25. | |
half of the year, if the oil price stays where it is. That will mean | :13:26. | :13:30. | |
central banks will feel it's OK to keep the juice flowing for longer. | :13:31. | :13:34. | |
It's fairly positive, but there is some turbulence. And turbulence | :13:35. | :13:40. | |
could come on Wednesday. We begin officially the divorce proceedings, | :13:41. | :13:42. | |
Article 50 is triggered we are told on Wednesday. Again it's a same sort | :13:43. | :13:46. | |
of debate, nothing changes particularly in the short-term. But | :13:47. | :13:51. | |
we start to get an idea of the longer-term, is that the point? I | :13:52. | :13:57. | |
don't know if even we will get the longer-term, the markets know about | :13:58. | :14:01. | |
Article 50 by now very well. They know about the triggering of it this | :14:02. | :14:06. | |
week. What may be new news is hard to predict is the kind of | :14:07. | :14:09. | |
relationship and the way the negotiations start. I think there | :14:10. | :14:12. | |
are lots of reasons to think there will be periods of turbulence again | :14:13. | :14:16. | |
in the currency markets over the next few months, particularly with | :14:17. | :14:22. | |
this focus on the so-called divorce bill which the Europeans want us to | :14:23. | :14:32. | |
sort out upfront. So watch out for the stock markets wobbling in the | :14:33. | :14:36. | |
near term and watch out for potential downside on the pound. | :14:37. | :14:39. | |
There will be more scribbling for to you do on Wednesday. Thank you very | :14:40. | :14:41. | |
much. We'll be getting | :14:42. | :14:44. | |
the inside track on how British afternoon tea has become part | :14:45. | :14:47. | |
of an up-market hotel You're with Business | :14:48. | :14:49. | |
Live from BBC News. BT has been fined ?42 | :14:50. | :15:09. | |
million by the telecoms regulator Ofcom for delays | :15:10. | :15:15. | |
in installing high-speed lines. It is the largest fine | :15:16. | :15:21. | |
the regulator has ever imposed. It comes after BT's Openreach | :15:22. | :15:24. | |
division cut how much it paid telecoms providers for delays | :15:25. | :15:27. | |
in installing lines Joining us now is Gaucho Rasmussen, | :15:28. | :15:28. | |
Director of Investigations Thank you for being on the | :15:29. | :15:45. | |
programme. Good morning. This is the biggest fine to be handed out so | :15:46. | :15:50. | |
far. Tell us what BT has been doing? Well, this is the biggest fine | :15:51. | :15:53. | |
because it relates to a very important part of the UK economy. | :15:54. | :15:57. | |
This is the backbone of our digital network. BT was found to have | :15:58. | :16:04. | |
breached this contract with some of its customers and other telecoms | :16:05. | :16:10. | |
providers and other providers such as Vodafone and TalkTalk by the way | :16:11. | :16:14. | |
it rolled out the broadband lines. They should have given appropriate | :16:15. | :16:18. | |
notice in a reasonable time frame so people knew when the lines would be | :16:19. | :16:22. | |
rolled out so if there is any delay and if there is delay BT maybe | :16:23. | :16:28. | |
obliged to pay compensation. We have found that BT did not pay the | :16:29. | :16:31. | |
appropriate amount of compensation because of the breach it engaged in. | :16:32. | :16:36. | |
Clearly, we know that Openreach will be split off from BT, it creates a | :16:37. | :16:42. | |
new legal entity and one that many of the competitors have welcomed. | :16:43. | :16:45. | |
How significant is this in light of that? I would say the investigation | :16:46. | :16:51. | |
relates to historic conducts and so that was then and Openreach | :16:52. | :16:56. | |
arrangements where BT basically have met all our requirements in full is | :16:57. | :17:01. | |
a forward looking change that we think will proindividual a robust | :17:02. | :17:05. | |
and independent Openreach to serve all its customers well. OK, it is | :17:06. | :17:16. | |
good to talk to you. Thank you. The ?42 million fine imposed on BT. | :17:17. | :17:22. | |
BT has changed. It says we have put our problems in order. Adding there | :17:23. | :17:27. | |
has been real and tangible change at BT. | :17:28. | :17:32. | |
BT shares are down 2% in London. No surprise. | :17:33. | :17:49. | |
Our top story, major oil producers are considering | :17:50. | :17:54. | |
A quick look at how markets are faring. | :17:55. | :18:05. | |
Not a good start to a brand-new trading week. London bearing the | :18:06. | :18:11. | |
brunt. Many mining stocks are down. Energy stocks are down. BT is down. | :18:12. | :18:18. | |
Not much headed upwards. The gold price is. People are coming ot of | :18:19. | :18:21. | |
anything risky and going into anything safe. Have you been | :18:22. | :18:24. | |
shopping this weekend? Is that why? No. I have not boosted the price of | :18:25. | :18:30. | |
gold on my own. I wish I had that power! | :18:31. | :18:33. | |
Now let's get the inside track on the growing demand | :18:34. | :18:36. | |
for quintessentially British luxury from the rest of the world. | :18:37. | :18:40. | |
It is something our next guest is hoping will help her hotel stand | :18:41. | :18:43. | |
The Middle Eastern state is one of the seven United Arab Emirates | :18:44. | :18:50. | |
which have become one of the region's most important | :18:51. | :18:54. | |
Dubai Department of Tourism says more 14 million | :18:55. | :18:57. | |
visitors come to its shores every year. | :18:58. | :19:04. | |
On average each visitor spends $140 a night on accommodation. | :19:05. | :19:09. | |
Out of Dubai's 681 hotels 96 are five | :19:10. | :19:10. | |
stars and have an average occupancy of 77%. | :19:11. | :19:17. | |
I'm joined by Debrah Dhugga, Managing Director | :19:18. | :19:19. | |
Welcome to the programme. So you are moving what is the Dukes Hotel, | :19:20. | :19:34. | |
you're replicating the Duke's Hotel in London, it is a very British | :19:35. | :19:38. | |
established iconic brand to Dubai. Why Dubai? That's correct. Duke's, | :19:39. | :19:45. | |
London, 116 years old so a lot of history to it and the locals, the | :19:46. | :19:51. | |
UAE market actually adore anything British. So in Dubai there is a lot | :19:52. | :19:56. | |
of glitz and glam and a lot of great hotels. A lot of stunning hotels, | :19:57. | :20:02. | |
but there is nothing quintessentially British. We were | :20:03. | :20:06. | |
looking to take and expand our company with Duke's brand and we | :20:07. | :20:12. | |
looked about where we would go, where isn't there that | :20:13. | :20:15. | |
quintessentialle British market and Dubai is one of them. We talked | :20:16. | :20:18. | |
about occupancy rate. It is interesting if you go to Dubai, I | :20:19. | :20:22. | |
know Dubai well having been the correspondent there. There is so | :20:23. | :20:26. | |
many hotels, you can't move for hotels and they have got an | :20:27. | :20:31. | |
ambitious target to build more. Your competition is changing by the day. | :20:32. | :20:35. | |
New hotels are open, more occupancy, how do you get people in these | :20:36. | :20:38. | |
rooms? How are you going to fill the rooms? Dubai Tourism do a great job | :20:39. | :20:45. | |
in really promoting Dubai as a destination and they continue to do | :20:46. | :20:49. | |
that. There is a lot of money invested into Dubai itself. We have | :20:50. | :20:54. | |
just had the new parks open which is great attractions. So it's | :20:55. | :20:57. | |
constantly growing. There is constantly something new happening | :20:58. | :21:03. | |
in Dubai. So someone who visited Dubai five years ago, they would go | :21:04. | :21:06. | |
there and say wow, look at the changes. Great changes. There is | :21:07. | :21:10. | |
always something happening. It is not a destination people tend to go | :21:11. | :21:13. | |
once, and if they go back there is something new for them to | :21:14. | :21:16. | |
experience. Who are you hoping will walk through the doors of your | :21:17. | :21:20. | |
hotel? You're not looking for the British tourist, Rupert Murdoch's I | :21:21. | :21:24. | |
assume, or are you? Or are you looking for the more local tourist | :21:25. | :21:27. | |
because you're selling that kind of British experience as it were? It | :21:28. | :21:30. | |
will be both. We will have a big following from the Brit market. I | :21:31. | :21:34. | |
mean the UK is one of the biggest feeding markets into Dubai itself as | :21:35. | :21:41. | |
a holiday destination. Followed by closely by the Asian sector, and | :21:42. | :21:46. | |
Germany. So absolutely, we will have a big UK market. There will be a big | :21:47. | :21:50. | |
British audience going into the hotel. But as well, the local | :21:51. | :21:56. | |
market, local market come to the UK to experience a traditional | :21:57. | :21:59. | |
afternoon tea. Anything British, you know, fish and chips, anything that | :22:00. | :22:03. | |
sort of is just going back to our roots. Bangers and mash? Absolutely. | :22:04. | :22:07. | |
Those are the some of things that are offered on our menu. It is all | :22:08. | :22:11. | |
about offering that greater British experience. So those are the people | :22:12. | :22:14. | |
who will stay in itment talk us through who is going to work in it. | :22:15. | :22:20. | |
In Dubai most of the hospitality industry is made up of ex-pat | :22:21. | :22:24. | |
workers or parts of Asia or indeed from the UK and Europe. What mix do | :22:25. | :22:30. | |
you have? I know you're passionate about getting yng people into the | :22:31. | :22:33. | |
industry? With regards to the recruitment drive. We started our | :22:34. | :22:36. | |
recruitment drive about 18 months ago which is out of the norm when | :22:37. | :22:41. | |
you're opening a hotel. Wanted to bring fresh energy and new blood | :22:42. | :22:45. | |
into Dubai rather than just bringing people from other hotels. That | :22:46. | :22:47. | |
British experience is really important. So we have taken people | :22:48. | :22:52. | |
over from London who are actually, who know that British experience, | :22:53. | :22:56. | |
our executive head chef is from Manchester for example. So he has | :22:57. | :23:00. | |
worked around the world, but we've brought him back. One of our head | :23:01. | :23:06. | |
chefs who is running one of our destination restaurants, has come | :23:07. | :23:11. | |
over from Ireland. So we've got a great mix of nationalities within | :23:12. | :23:14. | |
the hotel. Deborah, we appreciate your time, | :23:15. | :23:19. | |
thank you for coming in. Thank you for having me. Thank you very much. | :23:20. | :23:26. | |
There are predictions that many jobs carried out by humans will be taken | :23:27. | :23:33. | |
by robots. A glimpse of the future is on show in San Francisco where a | :23:34. | :23:37. | |
robot is turning heads and coffee cups! | :23:38. | :23:59. | |
With Cafex we tried to create a product that would allow people to | :24:00. | :24:08. | |
get speciality coffee consistently and do that every day. | :24:09. | :24:21. | |
You're not a robot. Once again encrypted messages and in this case | :24:22. | :25:13. | |
whatsapp because of what happened in Westminster and the man who was the | :25:14. | :25:19. | |
perpetrator on whatsapp before? Boris Johnson and am burd Rudd said | :25:20. | :25:24. | |
the Security Services couldn't get access to the messages on the | :25:25. | :25:32. | |
attacker's phone because of whatsapp and whatsapp is encrypted end to | :25:33. | :25:39. | |
end. You remember the fight that Apple had with the American | :25:40. | :25:43. | |
authorities about the unlocking of an iPhone which went on for months | :25:44. | :25:47. | |
and months. This one will run and run. These Silicon Valley companies | :25:48. | :25:52. | |
are under attack for encryption. More online. We will see you later. | :25:53. | :25:54. | |
Bye-bye. Good morning. | :25:55. | :26:11. | |
What a lovely weekend it was. Most parts of the | :26:12. | :26:12. |