Browse content similar to 03/10/2012. Check below for episodes and series from the same categories and more!
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Wales. Those are the headlines. Time for | :00:05. | :00:15. | |
:00:15. | :00:23. | ||
Welcome. The headlines: Britain's biggest supermarket set to post its | :00:23. | :00:28. | |
first fall in group profits in nearly 20 years. Calls for a | :00:28. | :00:31. | |
protest among traders at Tehran's main market in response to the | :00:31. | :00:36. | |
collapse in value of the around in currency. | :00:36. | :00:46. | |
:00:46. | :00:48. | ||
-- Iranian. US September car sales record at their best month in four | :00:48. | :00:57. | |
years. Britain's largest retail or is | :00:57. | :01:07. | |
expected to announce a 10% fall in its group trading profit. It could | :01:07. | :01:12. | |
be the first decline in 18 years. Tesco is fighting back after the | :01:12. | :01:19. | |
warning. It has recently been are priced by Sainsbury's. -- alt | :01:19. | :01:24. | |
priced. New fit for customers, more staff | :01:24. | :01:31. | |
to give service on the shop floor. -- new food. Tesco has been | :01:31. | :01:35. | |
battling for months to stop customers drifting to rivals. The | :01:35. | :01:44. | |
hope is that it may have a decline at home. Trouble seems to be | :01:44. | :01:48. | |
mounting. Countries in Asia and East Europe have been success | :01:48. | :01:58. | |
:01:58. | :01:58. | ||
stories. International operations are becoming volatile. South Korea | :01:58. | :02:04. | |
has ordered twice monthly Sunday closures to protect local markets. | :02:04. | :02:08. | |
That is Tesco's single biggest overseas territory. Questions | :02:08. | :02:16. | |
remain about whether Tesco will decide to quit. The first priority | :02:16. | :02:24. | |
is stabilising the UK business. The next item will be fixing US | :02:24. | :02:30. | |
business and turning that into a profitable operation. Lower down | :02:30. | :02:38. | |
the screen are things like rolling out e-commerce. Operational issues | :02:38. | :02:46. | |
like those. Tesco may be part of the community, but it has pulled | :02:46. | :02:50. | |
out of Japan and shown it is ready to make tough decisions. It is | :02:50. | :02:59. | |
trying to fix business overseas while reviving it at home. | :02:59. | :03:07. | |
Deutsche Telecom has confirmed it is in talks to buy a US company. It | :03:07. | :03:13. | |
warned that there are major issues to be discussed. Regulators in the | :03:13. | :03:23. | |
:03:23. | :03:24. | ||
US blocked a deal with the country's second largest carrier. | :03:24. | :03:30. | |
Earnings from the world's biggest seed producer are out today. | :03:30. | :03:33. | |
Investors want to know how America's worst drought in 25 years | :03:33. | :03:43. | |
:03:43. | :03:44. | ||
will affect earnings. The world's largest winter by maker | :03:44. | :03:54. | |
:03:54. | :04:01. | ||
has ended an agreement. It said that he had lost the company in the | :04:01. | :04:07. | |
up to 18 million euros. A currency crisis in Iran has | :04:07. | :04:12. | |
prompted calls for a strike among traders at the Tehran bazaar, | :04:12. | :04:22. | |
:04:22. | :04:22. | ||
triggered through text messages and social media. Many of the owners of | :04:23. | :04:32. | |
:04:33. | :04:35. | ||
the stalls it's not opened - -- have not opened their businesses. | :04:35. | :04:41. | |
The currency has lost 80% value over the year. That has prompted a | :04:41. | :04:51. | |
:04:51. | :04:52. | ||
10% rise in food prices in the last ten days. This is a significant | :04:52. | :04:59. | |
move this week. Tell us why this has happened? The sharp drop is all | :04:59. | :05:06. | |
to do with the impact of US and EU sanctions. Iran has struggled to be | :05:06. | :05:15. | |
able to get its Aurora sales up and bring in foreign currency that it | :05:15. | :05:25. | |
:05:25. | :05:26. | ||
could use to defend a currency locally. If these traders were to | :05:26. | :05:31. | |
not operate today, what impact would then have on what the | :05:31. | :05:37. | |
government is doing? It will not have much of an impact economically, | :05:37. | :05:43. | |
but politically it is quite significant. It is the forerunner | :05:43. | :05:47. | |
of many political changes in the past. What they do is seen by a | :05:47. | :05:51. | |
much of the rest of the country as the -- an indicator of the kind of | :05:51. | :05:55. | |
pressure the government might be under. The government could take | :05:55. | :06:00. | |
drastic steps to defend the currency and pump more of its own | :06:00. | :06:05. | |
reserves into the market to try and prop up the value of the currency, | :06:05. | :06:13. | |
otherwise there could be some political consequences. It is | :06:13. | :06:17. | |
obviously under pressure because of sanctions being posed by the US and | :06:17. | :06:27. | |
:06:27. | :06:27. | ||
EU. It has a poor track record. Economic policy has really been | :06:27. | :06:33. | |
done very populist and not managed very well. There has been a lot of | :06:33. | :06:39. | |
my spending and the poor economic practices. They removed subsidies | :06:39. | :06:44. | |
in many household goods at the end of 2010. That was seen as a | :06:44. | :06:51. | |
positive step by many observers. It contributed to inflation running | :06:51. | :07:01. | |
:07:01. | :07:06. | ||
over her 25%. What impact is that having on the people of Iran? | :07:06. | :07:10. | |
regular consumer in Iran has already struggling for. Now, with | :07:10. | :07:16. | |
the impact of the currency being weaker, it will make imported goods | :07:16. | :07:22. | |
feel much more expensive. It will cut into the purchasing power of | :07:22. | :07:32. | |
:07:32. | :07:37. | ||
private individuals and local businesses. Thank you. | :07:37. | :07:46. | |
Let's talk about Toyota. Sales have been doing very well in the US. | :07:46. | :07:52. | |
This is quite a turnaround for Toyota. It had a touch -- tough | :07:52. | :07:56. | |
time in recent years with all those recalls. | :07:56. | :08:00. | |
And the supply shortages due to be tsunami and earthquake in Japan | :08:00. | :08:10. | |
:08:10. | :08:11. | ||
last year. Twitter leading the way with Honda in US car sales. The | :08:12. | :08:17. | |
best month for car sales in the US in four years. The Toyota -- | :08:18. | :08:27. | |
:08:28. | :08:30. | ||
weirder had the biggest rise. Toyota had the biggest rise. Honda | :08:30. | :08:37. | |
is up by three fits of 1%. When you talk to analysts, they say that | :08:37. | :08:40. | |
this is due to American buyers taking advantage of lower interest | :08:40. | :08:47. | |
rates and cheap financing for cars and trucks. They stress the | :08:47. | :08:57. | |
:08:57. | :08:57. | ||
industry recovery is helping carmakers. Other Japanese car | :08:57. | :09:01. | |
manufacturers need this left from the US market. Sales in China start | :09:01. | :09:11. | |
:09:11. | :09:12. | ||
to dip. This is good news for Japanese car manufacturers Toyota | :09:12. | :09:22. | |
:09:22. | :09:32. |