Browse content similar to 14/05/2012. Check below for episodes and series from the same categories and more!
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72 civilians. Those are the latest headlines. | :00:03. | :00:13. | |
:00:13. | :00:15. | ||
Now for the latest a financial news with World Business Report. | :00:15. | :00:21. | |
This is World Business Report. The headlines: Crisis talks in | :00:21. | :00:24. | |
Brussels: Eurozone finance ministers meet to discuss the | :00:24. | :00:33. | |
political chaos in Greece. In Singapore, 80's economic powers | :00:33. | :00:43. | |
:00:43. | :00:50. | ||
to -- Asia's three main powers look to group together. | :00:50. | :00:55. | |
Of and results from internet discount sight of Groupon put a | :00:55. | :00:57. | |
gloss on the battered company's reputations. | :00:57. | :01:02. | |
Once again Greece is the top of the agenda in Europe as the bail out | :01:02. | :01:07. | |
programme hangs in the balance. Reports from Athens say the leader | :01:07. | :01:13. | |
of the far-left party will not attend coalition talks later today, | :01:13. | :01:22. | |
plunging the country into further political disarray. It takes Greece | :01:22. | :01:32. | |
:01:32. | :01:39. | ||
a step closer to a new elections. It is a difficult task ahead for | :01:39. | :01:45. | |
the finance ministers? Yes, absolutely. It is very clear | :01:45. | :01:51. | |
from what you hear from the European Commission, several | :01:51. | :01:55. | |
bankers saying that Greece can leave the eurozone if it wants Joe, | :01:55. | :02:05. | |
:02:05. | :02:07. | ||
if it does not want to stick to the rules. -- if it wants to. This is | :02:07. | :02:12. | |
the first time leaders have been so clever about the option. They are | :02:12. | :02:19. | |
making the next election a referendum on the eurozone. | :02:19. | :02:25. | |
It seems more likely there might be an exit, talk about changing the | :02:25. | :02:29. | |
rules of the stability Programme and fiscal changes? | :02:29. | :02:37. | |
Yes, absolutely. The left in Greece is banking on the fact that they | :02:37. | :02:47. | |
:02:47. | :02:49. | ||
hope Europe will budge. European leaders will backtrack and say, you | :02:49. | :02:57. | |
can stay and we will change the rules. Portugal, Ireland and Spain | :02:57. | :03:00. | |
might then ask for more lenient treatment as well. That is why | :03:00. | :03:05. | |
Europe is making a stand on this one, not willing to budge. If they | :03:05. | :03:13. | |
do it for Greece, they have to do with four other countries as well. | :03:13. | :03:23. | |
:03:23. | :03:26. | ||
-- do it for. You will lose discipline in the long run. | :03:26. | :03:30. | |
Discussions on Greece will dominate do you think they will talk about | :03:30. | :03:34. | |
Spain, its move to try to help its banks? | :03:34. | :03:42. | |
Probably they will. Greece is a special case. In Spain. You face is | :03:42. | :03:52. | |
:03:52. | :03:54. | ||
the aftermath of a real-estate bubble which has turned into, it | :03:54. | :04:00. | |
has become a problem for Europe. National bank regulators, national | :04:00. | :04:04. | |
governments are responsible for potentially recapitalising banks. | :04:05. | :04:09. | |
The Spanish real-estate problem becomes a Egg Banking problem in | :04:09. | :04:19. | |
:04:19. | :04:23. | ||
Spain, it affects the economy yet again. -- becomes a bank problem. | :04:23. | :04:33. | |
:04:33. | :04:36. | ||
They may try to do their best... Thank you very much. | :04:36. | :04:42. | |
The online daily deals from Groupon will reveal how much money it made | :04:42. | :04:47. | |
in the first quarter. The value of its shares has roughly halved since | :04:47. | :04:51. | |
its high-profile market listing in November and the company recently | :04:51. | :04:55. | |
had to revise its fourth-quarter results from last year. This | :04:55. | :05:02. | |
triggered another tumble in share prices. A cautionary tale perhaps | :05:02. | :05:12. | |
:05:12. | :05:18. | ||
amid the euphoria associated with the Facebook launch. | :05:18. | :05:23. | |
Every type of fish is on sale here. This daily uses the Groupon | :05:23. | :05:31. | |
discount vouchers to find new customers. It has brought in new | :05:31. | :05:36. | |
business but there is a note of caution. It works for my business. | :05:36. | :05:42. | |
I do not need to hire extra staff to put up more product. It works | :05:42. | :05:46. | |
that way for us but I have other stories, businesses going out of | :05:46. | :05:56. | |
:05:56. | :05:58. | ||
business because they have to hire more staff, it is a stranglehold. | :05:58. | :06:00. | |
Businesses up and down the street are competing for customers. That | :06:00. | :06:05. | |
is why some of them are using Groupon. It might have worked out | :06:05. | :06:10. | |
for them but it has not been a good business model for Groupon. The | :06:10. | :06:20. | |
company has grown very fast, to over 10,000 people in 48 nations. | :06:20. | :06:26. | |
The cost of employing all of those salesmen to the crew to small | :06:26. | :06:31. | |
companies is huge and rising. That is a concern. There is a | :06:31. | :06:35. | |
possibility that they can never figure out how to be profitable | :06:35. | :06:40. | |
over the long run. There is a lot of different scenarios that can | :06:40. | :06:50. | |
:06:50. | :06:51. | ||
happen. This man, founder and chief executive, also faces other | :06:51. | :06:56. | |
problems. Groupon is being sued by shareholders after mistakes in its | :06:56. | :07:01. | |
last accounts. For some, investing in this one-time wonder company is | :07:01. | :07:10. | |
turning out to be less appetising than first appeared. | :07:10. | :07:17. | |
It has been a long time coming. China, Japan and South Korea have | :07:17. | :07:25. | |
signed a trade agreement. They had signed an agreement to have an | :07:25. | :07:30. | |
agreement, is that right? That is right. Basically they have | :07:30. | :07:37. | |
agreed to begin negotiations for a free-trade agreement but the three | :07:37. | :07:47. | |
:07:47. | :07:49. | ||
leaders also signed a bilateral investment a chord. -- trilateral | :07:49. | :07:54. | |
investment accord. The leaders are quite confident that they will seal | :07:54. | :08:01. | |
the deal sooner rather than later, Wen Jiabao saying they will unleash | :08:01. | :08:07. | |
power in the region. It'll help countries at the time of rising | :08:07. | :08:12. | |
trade protection. The Japanese prime minister says economic co- | :08:12. | :08:20. | |
operation is essential. Trade between the three countries top | :08:20. | :08:30. | |
:08:30. | :08:32. | ||
about $700 billion in 2011. -- topped. A free-trade agreement is | :08:32. | :08:36. | |
said to raise trade between the countries. The leaders also agreed | :08:36. | :08:43. | |
to work together to ease regional disputes. Geopolitical tensions, | :08:43. | :08:46. | |
specifically on the Korean peninsula. | :08:46. | :08:50. | |
You can see the pictures of the top three leaders who had their meeting | :08:50. | :09:00. | |
:09:00. | :09:01. | ||
yesterday. Now who are as -- and Yahoo has announced its chief | :09:01. | :09:05. | |
executive, Scott Thomson, is stepping down after a controversy | :09:05. | :09:10. | |
over fake computer science college degree on his CV. That mistake was | :09:10. | :09:15. | |
brought to light by a shareholder who is keen for the new members to | :09:15. | :09:25. | |
:09:25. | :09:26. | ||
be appointed to the board of the company. Ross Levinsohn is taking | :09:26. | :09:31. | |
over as interim chief executive. It is being reported three | :09:31. | :09:35. | |
executives are to leave the US bank JP Morgan Chase. This follows the | :09:35. | :09:39. | |
shock news on Friday that it lost $2 billion on risky trading | :09:39. | :09:44. |