Browse content similar to 27/06/2012. Check below for episodes and series from the same categories and more!
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speaking during her visit to Paris on Tuesday - the last stop of her | :00:02. | :00:08. | |
2-week European tour. Now for the latest financial news with World | :00:08. | :00:18. | |
Business Report. A new front in the tablet wars as Google prepares to | :00:18. | :00:27. | |
unveil its own rival to the iPad. Hello from Singapore. Plus - | :00:27. | :00:29. | |
Brussels presents long-term solutions to the Eurozone crisis | :00:29. | :00:39. | |
:00:39. | :00:41. | ||
but do financial markets have the patience? Apple stops Samsung from | :00:41. | :00:51. | |
:00:51. | :00:56. | ||
stopping its tables and the United States. Last week it was Microsoft | :00:56. | :00:59. | |
with its Surface tablet. This evening, internet search giant | :00:59. | :01:02. | |
Google is set to launch its own tablet computer, putting it on | :01:02. | :01:07. | |
course to compete with Apple's iPad. The move has been widely | :01:07. | :01:09. | |
anticipated on technology blogs, they say Google will unveil the | :01:09. | :01:19. | |
:01:19. | :01:24. | ||
device at its annual I/O event. There is no shortage of tablet | :01:24. | :01:31. | |
computers you can buy. Sony has won, so does Samsung and many others. So | :01:31. | :01:36. | |
far, none had come close to matching the success of the | :01:36. | :01:39. | |
Coolangatta Airport iPad, the product that created the market. | :01:39. | :01:44. | |
But now Google is expected to enter the fray and this is it according | :01:44. | :01:50. | |
to the website. Google is not a stranger to this line of business. | :01:50. | :01:54. | |
Most of the tablets at this electronics store run on versions | :01:54. | :02:02. | |
of its Android operating system. It is a huge leap from supplying the | :02:02. | :02:07. | |
software to making the whole device. Why make such a leap, Google was | :02:07. | :02:12. | |
not happy with how it software was being used on other manufacturers | :02:12. | :02:18. | |
tablets. They bought out devices that had Android as software and | :02:18. | :02:22. | |
they were not pleased with how of consumers were reacting. They | :02:23. | :02:26. | |
needed it to figure out a way to get consumers to use Google | :02:26. | :02:29. | |
products directly and not have to go through Abdul Moneim Aboul | :02:29. | :02:39. | |
Fotouh. -- apple. The other oak big competitor Microsoft has come to | :02:39. | :02:44. | |
the other conclusion. Last night it released its first tablet called | :02:44. | :02:50. | |
Surfers. Google and Microsoft are copying Apple's founder Steve | :02:50. | :02:54. | |
Jobs's business formula. He believed the way to make the | :02:54. | :02:57. | |
sexiest gadgets was to have controlled the whole process, from | :02:57. | :03:02. | |
designing the software to making the hardware. The stage is set for | :03:02. | :03:08. | |
a clash of the Titans, as the three tech Giants lock horns in every | :03:08. | :03:15. | |
aspect of computing. Staying with those tablet and smartphone wars - | :03:15. | :03:19. | |
in the last few hours, Apple has had a victory in its global legal | :03:19. | :03:29. | |
:03:29. | :03:33. | ||
battle with Samsung. Tell us what the latest is? Samsung and apple | :03:33. | :03:40. | |
are preparing to lock horns over a decision from the court wars and | :03:40. | :03:44. | |
the decision has gone the way of Apple after an American judge | :03:45. | :03:49. | |
stopped Samsung from selling its Galaxy 10.1 tablet in the United | :03:49. | :03:54. | |
States. The decision gives the iPhone manufacturer a significant | :03:54. | :04:00. | |
victory in the global smartphone and tablet wars. They have been | :04:00. | :04:04. | |
lobbying infringement claims against each other for months, all | :04:04. | :04:08. | |
over the world. Samsung won a court ruling in the Dutch court with | :04:08. | :04:13. | |
Apple been ordered to pay damages to the South Korean conglomerate. | :04:13. | :04:18. | |
The Samsung Galaxy tablets are powered by the Android operating | :04:18. | :04:24. | |
system which will be soon launching its own tablet. Samsung is a | :04:25. | :04:32. | |
distant second to Apple in the more paid market. It will be a very | :04:32. | :04:37. | |
crowded market, hopefully we will see more competition and cheaper | :04:37. | :04:42. | |
tablets going forward. European leaders prepare for an EU Summit in | :04:42. | :04:44. | |
Brussels tomorrow amid rising scepticism from financial markets | :04:44. | :04:47. | |
that anything concrete will be achieved to tackle the region's | :04:47. | :04:53. | |
debt crisis. On Tuesday, officials released a grand plan for closer | :04:53. | :04:58. | |
economic union between the countries that share the Euro. The | :04:58. | :05:01. | |
7-page document proposes a European Treasury with power over national | :05:01. | :05:04. | |
budgets in the Eurozone and the ability to force governments to | :05:04. | :05:11. | |
curb borrowing if they went over agreed limits. A European banking | :05:11. | :05:13. | |
union bringing all Eurozone banks under one regulator and | :05:14. | :05:20. | |
establishing a Europe-wide scheme to guarantee deposits. And there's | :05:20. | :05:22. | |
also the suggestion that so-called eurobonds could eventually be | :05:22. | :05:28. | |
issued. That would mean all 17 member countries would stand behind | :05:28. | :05:31. | |
the debt issued by each individual country - an idea strongly resisted | :05:31. | :05:38. | |
by Germany. Daniel Murray is Chief Economist at Swiss firm EFG Asset | :05:38. | :05:48. | |
Management. Some are saying at last, we are getting there with some sort | :05:48. | :05:54. | |
of concrete idea to solve the debt crisis, but this is not a short- | :05:54. | :06:00. | |
term fix? We have seen the full with the ratification of the fiscal | :06:00. | :06:04. | |
compact and difficulties in getting it through Parliament in Germany | :06:04. | :06:11. | |
how long these things take. Even if we can get the U parties to agree | :06:11. | :06:18. | |
to it, then it will take some time to get this approved. It will take | :06:18. | :06:22. | |
a long time, is it the right answer to prevent something like the | :06:22. | :06:28. | |
eurozone debt crisis from happening again. If you were starting afresh | :06:28. | :06:31. | |
and designing a single currency with the benefit of hindsight, he | :06:31. | :06:35. | |
would have these measures in place. But Europe does not have time to | :06:35. | :06:41. | |
get these measures in place that is the problem. We have had the | :06:41. | :06:47. | |
managing director of the IMF saying Europe has three months. The | :06:47. | :06:51. | |
timetable suggested in the plan is for an interim report by October | :06:51. | :06:55. | |
and a final report by December. Even if they managed to agree to | :06:55. | :07:02. | |
that, that is a long time. Is this idea of greater control in Brussels | :07:02. | :07:06. | |
on budgets and on those for not sticking to the Wall's, is a key to | :07:06. | :07:12. | |
Germany getting on board with a eurobond idea? We have had fiscal | :07:12. | :07:19. | |
rules in place for some time, the Maastricht treaty specified debt | :07:20. | :07:25. | |
limits, this contract specified them as well. It is a hardening of | :07:25. | :07:30. | |
those rules. There is no change in terms of the practical aspects. | :07:30. | :07:35. | |
Will persuade Germany to come on board? I am sceptical. We have | :07:35. | :07:41. | |
reports of the Opposition party in Germany saying they are keen for | :07:41. | :07:45. | |
Angela Merkel to support the rest of the eurozone and they are anti- | :07:45. | :07:52. | |
European bonds. EU leaders will gather in Brussels very soon. They | :07:52. | :07:56. | |
have two days to talk about these ideas and grapple with them. Mario | :07:56. | :08:00. | |
Monti is saying they will stay there until Sunday night to bring | :08:00. | :08:05. | |
confidence to market on Monday morning. Will they deliver? Well | :08:05. | :08:11. | |
talk is cheap. Actions speak louder than words. I'm sceptical that they | :08:11. | :08:21. | |
:08:21. | :08:22. | ||
will reach agreement. It will be another damp squib. I'm sceptical | :08:22. | :08:27. | |
anything concrete will come out of it. The market's share your opinion | :08:27. | :08:32. | |
at the moment. Other business stories - commodities giant | :08:32. | :08:36. | |
Glencore's plans to take over miner Xstrata have run into trouble. | :08:36. | :08:39. | |
Qatar Holdings - part of the Gulf state's sovereign wealth fund and | :08:39. | :08:42. | |
one of Xstrata's major shareholders - has rejected the terms of the | :08:42. | :08:52. | |
:08:52. | :08:56. | ||
all-share deal and asked for improved merger terms. Some have | :08:56. | :09:02. | |
suggested it may raise its offer to the deal. Rupert Murdoch's News | :09:02. | :09:05. | |
Corporation has confirmed that it is considering splitting itself | :09:05. | :09:07. | |
into two separate companies. News Corp didn't elaborate on this, but | :09:07. | :09:10. | |
reports say it will split its broadcasting and publishing | :09:10. | :09:12. | |
businesses. Analysts say this would protect its more profitable TV | :09:12. | :09:15. | |
operations from its UK newspaper business, which is embroiled in a | :09:15. | :09:24. | |
phone hacking scandal. The markets today are reflecting the feeling we | :09:24. | :09:30. | |
got yesterday, markets in Asia very mixed it not flat. Hong Kong some | :09:30. | :09:33. | |
upside reports on reports from an influential journal in China saying | :09:33. | :09:37. |