11/07/2013 World Business Report

than 50 people dead. Those are the latest headlines from BBC world

news. It is now time the latest natural news, here is the World

new record, as austerities meshes pull the economy deeper into

recession. Plus, surviving the post- PC world. A major shakeup expected

at Microsoft. Hello, and welcome. You are with World Business Report.

Also in the programme, markets are suggesting the latest comments from

Japan. First, we start in Greece were a bitter debate over austerity

measures could be further inflamed this morning, buy more evidence of

the country's economic crisis deepening. Official figures are

expected to show that the jobless rate has risen to an other record

high. Up until March, produce 7.4% was the average jobless rate. And

for young people, it was almost 65%.

They may still love their country, but it can't provide them with a

living. The crushing burden of keeping international lenders on

side has played havoc with young people's futures. For young men, the

need for military service often complicates. But the inability in

Greece for the government to make use of international funds, means

there is little choice. Young people have to take their skills abroad or

face the prospect of staying at home, supported by their parents,

for the foreseeable future. These young people are facing up to their

stark choices this summer. This meant trained as a land surveyor,

planning to join his fathers business. He is set to join the

exodus of 120,000 young people, to Dalton Europe. My father doesn't

have worked to give to me. I will not stay here, I will go broke. Will

go to Holland, or the UK. Don't think I could find work here in

Greece. Maria, has catering skills and studied tourism. But, at 25, she

says she is stuck, unable to leave home or rent anywhere or marry her

boyfriend, who works away. I am 25. If I want to rent a car, stay with

my boyfriend, it doesn't matter. I have to give them 300 a month, and

another 200 for food, or electricity, for everything. And

now, in Greece, 500 euros is a good salary. The worry is, that the

organised opposition could escalate into strikes and riots. The kind

that brought down the previous government. This dentist told me

that. When you are angry, you don't make clear political thoughts. We

have to remember that in cases of social crisis, fascism is in the

corner. What we are experiencing now is more difficult and change in the

country. Before the Deputy Mayor and MEP, it won't improve until Germany

right -- bites the bullet, he COMMENTATOR: . It starts with a

Greek political system radically changing. For Greece as lenders,

more state job cuts are a sign that the country is finally taking its

medicine. The price its people are paying is higher than ever.

Now to the world of technology, where a major shakeup is expected

later today at Microsoft. The software giant has been struggling

with declining demand for personal computers. We are now doing far more

of our computing on mobile devices, an area Microsoft was late to get

into. So, as if to underline the challenge for Microsoft, Gartner

said last night that decline in PC sales was 10.9%. The sale of tablet

computers continue to soar, and is expected to rise 68% this year. PCs

are also suffering in emerging markets, such as China. Inexpensive

tablets have become the first computing device for many. So what

can Microsoft do? You feel like Microsoft is constantly on the back

foot. Today we are expecting the big announcement, what are they going to

say? They are probably going to shake up divisions, move people

around and try and focus on getting into the mobile market. Cloud

Computing is expected to be a big element of today's announcements.

Cloud Computing is like a utility. We buy water, electricity, gas. We

now buy cloud. It is sold like water meters. Microsoft wants people to be

constantly paying bills to them. Microsoft is providing cloud

infrastructure and delivering its own infrastructure over the cloud,

rather than going to the store and buying a box. In terms of the shape

of management, tell us more about that. Well, for example, box

products like Microsoft office, it used to be part of a division. Think

they might use the whole office team into the cloud division, and put

someone who is more used to infrastructure than software in

charge of it. Will it help Microsoft get ahead of the game again? In

terms of value to shareholders, Microsoft has delivered constant

growth, and returns. It is interesting that Steve Ballmer, the

CEO, talked about devices and services. Traditionally, Microsoft

hasn't done well in devices in its core enterprise business, so we will

have to see what new devices it brings along. Bank if your

thoughts. As we hear from Microsoft, we will keep you updated. The Bank

of Japan has just wrapped up its monthly meeting. The market is very

sensitive to what central banks are up to. The central bank in the

States has been talking as well. Absolutely, markets move right now

with statements that include words like" economic stimulus" and" bond

buying" . The Bank of Japan kept monetary policy steady but

offsetting it you have the Bank of Japan offering a more optimistic

view due to the positive effects of a weak yen and the governments

inflationary policies. The US Federal bank chairman promised to

continue to stimulate the economy. This is currently inspiring Asian

stock markets overall. About 2% has been added in mid-morning trade.

Chinese stocks are at three-week highs. The statement was basically

calming investors here in the region, who were dismayed by his

comments last week that the Federal reserve would slow their investment.

On the flipside, some investors are quite unsettled by China's sharp

fall in exports, suggesting an economic slowdown. We will show you

the numbers for the markets in a moment. Wage negotiations at South

Africa's goldmines start today, and a tense time for the industry. The

price of precious metals has fallen sharply and mining firms have been

under pressure to cut costs. There have been strikes and riots across

the mining industry over pay and job cuts. The president of Portugal has

approved a government reshape -- reshuffle. It was sparked by the

resignation of two ministers. The President urged major parties to

reach an agreement on holding elections from June next year. And

international bailout programme will expire then. Apple has been found

guilty of getting together with five different publishers to raise the