11/09/2012 World Business Report

Welcome back to BBC News. A summary of the main international stories:

Andy Murray has won the US Open - the first British man to take a

Grand Slam singles title in 76 years. He defeated the defending

champion in five sets. In his first TV interview since

becoming Spanish Prime Minister, Mariano Rajoy has said he will not

accept an economic package from the EU which dictates specific spending

cuts for his government, particularly on pensions.

US officials say the deputy leader of Al-Qaeda in the Arabian

Peninsula has been killed by an American airstrike. Said Ali al-

Shihri was released from Guantanamo Bay five years ago but returned to

militancy. In what is seen as the first free

and fair election in Somalia in 40 years, the country has chosen a new

president - Hassan Sheikh Mohamud. Members of the country's parliament

chose the little-known academic over the incumbent. Those are the

latest headlines from BBC World News. Now for the latest financial

Welcome to World Business Report. Growing pains - China's Wen Jiabao

gives a keynote speech on the economy amid increasing calls for

fresh stimulus measures. Compensation culture under attack -

Deutsche Bank outlines plans to cut The World Economic Forum airplanes

in China and later. Chinese premier Wen Jiabao is making a keynote

speech. At the weekend, the President warned there were

challenges to economic growth. His comments were underlined by a

bigger-than-expected trade data on Monday. -- below worse-than-

expected. Tell us more about where he is

expected to say later. We are not entirely sure on what he

is going to say. Business leaders who do come to these foreign every

year will listen much more closely than they would normally. China's

economy has never been so weak. And a growth is expected to come in at

7.5%. It might sound a strong buy it is close to the bare minimum

that China needs to maintain social stability. How does the leadership

plan to react? Will they be introducing a more stimulus

measures? Many investors will be listening for that. Some hint to

the future. One of China's leading economists

has already been speaking. What did he says about white china is acts

in the economic cycle? -- about China in the economic

cycle? He says the reason the economy has

slowed so much is not so much because of exports but because of a

slowdown in property investments. So fewer houses are being built. It

is a slowdown in fixed asset investment. He believes the next

couple of years is the most crucial period for China's economic future.

We will leave it there. Thank you. Let us look to one of Europe's

biggest banks are expected to outline plans lay dead to award

lower bonuses to its staff. Journey's Deutsche Bank will give

details of 3 billion of cost saving. In July, the bank said it will

address pay levels. Like it's a comic Twin Towers in Frankfurt,

Deutsche Bank has between a chief executives. They believe sky-high

bonuses cannot be sustained. In Jello, bare and nows and nearly

2000 jobs will be shed worldwide, mostly in investment banking. It

also said absolute pay levels will have to be addressed, suggesting

that bonuses maybe cut. They have one of the biggest investment banks

in the world. They have paid their staff lots of money, like Barclays.

It will be a big statement for them to do that. Any move by bag could

PM's action by a authorities to control pay. The European

Parliament has already has suggestions that bonuses should be

no date set -- greater than 100% of salary. Bank bonuses are not the

only thing on the agenda. Its capital funding ratio looks rather

thin. They will announce how they will recapitalise the Bank of. In

the banking world, this is known as a lower return of equity. Banks no

longer had the ability to make the cash they once did. Banks globally

are finding it much harder to make profit, mainly because the volume

of trading is down. And access to funding is much harder. A Deutsche

Bank's biggest rival Barclays has already cut its target on return in

equity. Today, Deutsche Bank is perfect -- expected to follow suit.

The member provider Everything Everywhere is expected to announce

deals which will see four or five devices available for consumers

wanting to go to 4G in the UK. They denied other countries already have

for J. What does it do and why is the UK said behind?

Thank you for coming in. What is Everything Everywhere likely to

announce later? From today, the company will get a green light to

switch on its Forgie service. We should find out later what it will

be branding with its position and the type of devices we can expect.

And what it will mean for the consumers as we go into Christmas.

For what she will be switched on. Does that mean it will be available

for everyone? Is it that prevalence yet? It will be a gradual roll-out.

Everything Everywhere has been investing millions of pounds and

are upgrading infrastructure to make this possible. It will be

gradual over the next couple of years. I would have thought there

would be a good number of people who can get from day one. If I was

to get this device, what can I do with that? You will see a real

difference. Theoretically it could be ten times faster. One lodge,

around five times faster. You can stream music on the go by without

any problems of offering. You can download movies and send pictures a

lot quicker. The real opportunity comes to people who are moving to

more remote parts of the UK. Especially from a fixed-line

provider. This could be a complete revolution. It can give them high-

speed broadband access for the first time. What about price?

will see a premium of what you expect to pay with your usual

mobile contract. Pricing around the world, in other countries, the UK

is quite later this party, has been a premium of what we expect.

are we so late? We at an international player. London is an

imp importance city. Countries like Angola's will be launching before

the UK. There is a bit of a legal wrangling. Everything Everywhere

had been given the green light to be slightly ahead of the others. We

are finally getting the services. Thank you. More business stories.

China has sent -- a show ships to a group of islands in the East China

Sea. It follows China's agreements over a dispute. They are loans and

near rich fishing grounds. -- the violence. Spain's Prime Minister

says he will not accept a bail-out which will tell him what he can and

cannot cut. He says he does not intend to cut pensions in the next

Budget. He made the comments on public television on Monday.

BP has confirmed there will be selling oil fields. The US company

is paying $5.6 billion for the feels. BP has been selling assets

to help pay for the damage caused by a massive oil fell in 2010.

Markets in Asia, again, a mixed day. Most of them headed south once

again. It is the same old concerns. We did not have many corporate

stories driving share prices. It is all about the economic outlook. And

the effect the eurozone debt crisis is having. The poor economic news

from those economies still hampering trade. This is how things

work late yesterday. That's it from Now for some more news from the UK

- police have spent another day searching the home of a British

family who were shot dead in the French Alps last week. A bomb

disposal unit was called in but nothing hazardous was found.

For a third day, searchers continued at the House. But still

this was led by French affair it is. A brief but dramatic turn of events.

-- French authorities. The media were moved back to a 100 metre

radius. Then the arrival of a bomb disposal team. Police said the team

had been brought in because of concerns about items found when the

search was extended from the main house to outbuildings in the garden.

As a precaution, a small number of people were told to leave. But the

search turned up what police described as items that when on

hazardous. The wider cordon was removed and residents were allowed

back. There is no indication from the French authorities on whether

this investigation is helping at the inquiry. But police say the

word here is expected to continue for several days. In France, it is

reported that only one gun was used to kill the family. They are the

French posited a says he has not confirmed any details on the type

or number of weapons used. French police have spoken briefly to the

seven-year-old girl who has been bought out of a medically induced

coma. At the family home, police had been

bringing in more equipment. In the garden, a large tent has been put

up to protect material that has You're watching BBC World News.

These are the headlines: He has done it! Andy Murray has won the US

Open, becoming the first Briton to take the men's singles title in 76

years. It took him nearly five hours.

It was one of the long list finals seen in the competition. He told

the BBC it was a great result after the disappointment of Wimbledon.

have come close a few times. The disappointment of the Wimbledon

final a few months ago... To win this Open has been fantastic.

Spain's Prime Minister has said he would not accept an economic

package from the EU that dictates Pacific spending cuts did his

government, especially when it comes to pensions. Is, comes just

days after the ECB said it would buy the bonds of countries in

economic difficulty as long as they accept stricter conditions.

The deputy leader of Al-Qaeda has been killed it -- by an American

air strike. Said al-Shihri was released from the US detention in

Guantanamo Bay in 2007. He went through every debilitation process