Browse content similar to 17/09/2012. Check below for episodes and series from the same categories and more!
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123 days on board the space station. Those are the latest headlines from | :00:03. | :00:07. | |
BBC News. Time for the latest financial news, here is Sally and | :00:08. | :00:17. | |
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the World Business Report. Hello, a warm welcome. I am Sally Bundock | :00:22. | :00:30. | |
and here are the headlines for the World Business Report. Talks re sum | :00:30. | :00:40. | |
between Lon bin -- resume between miners. A new report claims EU | :00:40. | :00:49. | |
biofuel subsidies could deprive millions of food, land and water. | :00:49. | :00:56. | |
Good to have you with us. In South Africa talks between Lombin and | :00:56. | :01:03. | |
miners will retomb. They more than doubled its offer, but the pay rise | :01:03. | :01:13. | |
:01:13. | :01:13. | ||
is below the 12,500ran or $1500 demanded by miners. 44 people have | :01:13. | :01:18. | |
died since the dispute began. Companies are losing millions in | :01:18. | :01:24. | |
lost revenues. The Congress of South African unions will call for | :01:24. | :01:34. | |
:01:34. | :01:36. | ||
miners to return to work before the wider economy is damaged. Egged on | :01:36. | :01:44. | |
by activists and the AMCU, thousands are on strike at mines | :01:44. | :01:54. | |
owned my Lombin, Anglo-Saxon and others. These companies have called | :01:54. | :01:58. | |
for stoppages at every mine. The Government warns the dispute is | :01:58. | :02:08. | |
:02:08. | :02:08. | ||
undermight being the economy and confidence of foreign investors. | :02:08. | :02:15. | |
Investors and the strategy will be of detriment. Investors are saying | :02:15. | :02:21. | |
"Do we need to be aware of other things, how risky is the operation | :02:21. | :02:28. | |
in South Africa?" George Zimmerman is an ongoing reminder of how -- | :02:28. | :02:34. | |
Zimbabwe is a reminder of how things can go wrong. The trade | :02:35. | :02:41. | |
union congress told strikers to return to work. It's affiliated to | :02:41. | :02:46. | |
the African ruling congress and has a long-standing agreement, it | :02:46. | :02:50. | |
guarantees peaceful labour relations in securing moderate pay | :02:50. | :02:55. | |
increases. It's harder to achieve this. It managed to tread the line | :02:55. | :03:00. | |
over the years, and more successfully than anticipated. But | :03:00. | :03:05. | |
now that deal is starting to break down. It hasn't spread the wealth | :03:05. | :03:11. | |
as much as it needed to. Ordinary South Africans are beginning to | :03:11. | :03:17. | |
become exasperated by a lack of delivery. This new mood of | :03:17. | :03:21. | |
militantsy may have unwelcome consequences. The company says many | :03:21. | :03:29. | |
of its mines lose money, and a rise in its wage bills may force them to | :03:29. | :03:37. | |
close down mines. Over in Asia, tensions between China and Japan | :03:37. | :03:42. | |
spilled over to attacks in Japanese firms. We have the details on this. | :03:42. | :03:49. | |
It is getting difficult for some companies operating in China. | :03:49. | :03:53. | |
That's right. Panasonic confirmed with the BBC that it is suspending | :03:53. | :03:59. | |
some of its operations in China until Tuesday, and it reports that | :04:00. | :04:05. | |
canon is holding its production as well as reported damage of | :04:05. | :04:13. | |
dealership of Toyota in China, with the state media warning that Japan | :04:13. | :04:18. | |
can face another loss decade. It's because of the disputed islands in | :04:18. | :04:25. | |
the east China Sea, known as Senkaku, in Japan, and Diaoyu in | :04:25. | :04:30. | |
China. The issue, territorial dispute has been going on for | :04:30. | :04:35. | |
months. The Japanese government agreed to purchase the islands from | :04:35. | :04:40. | |
a private owner, sparking protests over the weekend. The Japanese | :04:40. | :04:46. | |
companies operating in China - it is not an easy time. So as you say, | :04:46. | :04:51. | |
it's not difficult, it's far from resolved. What do you think is | :04:51. | :04:57. | |
likely to happen. We see various statements from Japan and China. | :04:57. | :05:02. | |
That's right. The Prime Minister, Yoshihiko Noda has warned China to | :05:02. | :05:07. | |
make sure that the Japanese citizens are safe. The Chinese and | :05:07. | :05:15. | |
state media is saying that it doesn't seem to be quietening down. | :05:15. | :05:19. | |
It's interesting how the Chinese people react to demonstrations | :05:19. | :05:25. | |
which have been violent over the weekend. We have heard from the US | :05:25. | :05:31. | |
Defence Secretary. They are saying that this could escalate. Analysts | :05:31. | :05:39. | |
in Japan say it's unlikely that the US Defence Secretary is warning of | :05:39. | :05:45. | |
a possible military consequence. Now, rising food prices are eating | :05:45. | :05:49. | |
into household incomes around the world, coinciding with a sharp rice | :05:49. | :05:56. | |
in the use of crops such a soy and maze to produce food. They are | :05:56. | :06:01. | |
commonly used in animal feed and meat production. The European | :06:01. | :06:05. | |
Commission proposed limits on crops. And the French President Francois | :06:05. | :06:14. | |
Hollande called for a pause in crop-based fuel production. Oxfam | :06:14. | :06:19. | |
is publishing its report. Thanks for coming in. Why is the | :06:19. | :06:24. | |
production of biofuel for energy use a bad thing. It's a terrible | :06:24. | :06:30. | |
thing. I lived in Africa and worked with the poor families. Imagine a | :06:30. | :06:35. | |
family spending 80% of its income on food. A small increase is a | :06:35. | :06:40. | |
terrible thing. Yet we are burning billons of food every year in our | :06:40. | :06:48. | |
cars as biofuel. Talk us through the link between the two. There's a | :06:48. | :06:52. | |
lot of subsidise of biofuel in England and the states. You are | :06:52. | :06:55. | |
talking about families in Africa struggling to eat. It's the impact | :06:56. | :07:01. | |
on the food price. If we divert more crops, and at the moment 40%. | :07:01. | :07:06. | |
US corn crop is going into petrol for cars, that drives up world | :07:06. | :07:12. | |
prices and the price of food. It's bad for the hungry people of the | :07:12. | :07:16. | |
world. The EU seems to be going for a big U-turn, because a lot of | :07:16. | :07:23. | |
evidence has come up to say the scientific basis for biofuels is | :07:23. | :07:30. | |
not flawed but not 100% correct. Some may think it would be worth | :07:30. | :07:35. | |
the harming of fuel prices, but it's not. Biofuels are harmful to | :07:35. | :07:39. | |
the environments, which is why we are seeing indications of changes | :07:39. | :07:44. | |
in policy. Nothing has been done yet or helping the hungry people | :07:44. | :07:53. | |
that went to bed. What are you hoping for, because the EU and | :07:53. | :07:59. | |
formers in America. It's -- EU and farmers in America. It's a strong | :07:59. | :08:04. | |
lobby. It is. A lot of the companies agree with Oxfam that we | :08:04. | :08:10. | |
need to cut the mandate, of putting food into the cars, and people are | :08:10. | :08:15. | |
going hungry. Thank you. Your report out today on the harm of | :08:15. | :08:19. | |
biFuels. Let's squeeze in the business stories. President Barack | :08:19. | :08:23. | |
Obama launched a trade complaint against China, claiming the country | :08:23. | :08:28. | |
is using illegal subsidies to support vehicle and motor part | :08:28. | :08:34. | |
makers and claims Beijing is abusing world trade laws by | :08:34. | :08:38. | |
imposing fees on US experts. President Barack Obama made the | :08:39. | :08:44. | |
announcement during a tour of Ohio. Relying on the motor industry. It's | :08:44. | :08:49. | |
an important swing state in the upcoming presidential election. The | :08:49. | :08:56. | |
cost of borrowing has been frozen, pushing up inflation to 7.6% in | :08:56. | :09:00. | |
August. The Reserve Bank of India had been under pressure to cut | :09:00. | :09:07. | |
interest rates in a bid to boost economic growth, but cheaper | :09:07. | :09:12. | |
borrowing could stoke inflation further. Markets in Asia, and | :09:12. | :09:18. | |
Japanese markets closed. No access. Fairly flat, if not mixed pictures | :09:18. | :09:23. | |
in Aish yeah, just to mention some markets are doing rather well off | :09:23. | :09:28. | |
the back of all the niece from last week, across many key economies in | :09:28. | :09:33. | |
the world, the US and Europe. Basically because, of course, in | :09:33. | :09:38. | |
Europe and the US the Federal Reserve moved and all the votes in | :09:38. | :09:42. | |
Germany and moves elsewhere in Europe to boost the economies. You | :09:42. | :09:47. | |
can see the currencys there at the moment, how they are faring, and | :09:47. | :09:50. |