16/07/2013 World Business Report


16/07/2013

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governing party. Those are the latest headlines. Now it is time for

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World Business Report. She and Yahoo have climbed by 70% since Marissa

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Mayer took the helm. -- shears and Yahoo. It is now set to report the

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results. Thousands of workers prepared to take to the streets in

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Greece in protest against austerity measures. Hello and welcome to the

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programme. Also coming up: A new twist in wage negotiations between

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unions and minors in South Africa. First, it has been one years since

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Yahoo hired Marissa Mayer from Google. It was a surprise

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announcement at the time. Today, her ability to turn the company around

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will be assessed. It has been a busy 12 months. She has been on a major

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shopping spree since her start date, one year ago tomorrow. Yahoo

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has also staggering 16 start-up companies. Sometimes they have

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announced two purchases in a single day was six over the course of a

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month. Quite a list. You will recognise some of these names. The

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biggest acquisition to date, thanks to Nick D'Aloisio, is Summly. He

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created the application when he was just 15 years old. Then the company

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purchased Tumblr, the biggest purchase so far. They paid $1.1

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billion in cash for the social blogging site. Investors must think

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she is doing something right. The company has risen in value is 70% in

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the last year. Let's talk about this some more. Good to see you, Larry.

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What do you think people will be saying about Marissa Mayer? The

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results are not expected to be spectacular today. I do not think

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the results will be spectacular today but the increase in the stop

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price has been good. -- stock. A lot of it has to do with Marissa Meyer

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herself. She is very well liked. She spent a lot of time at Google, as

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many of your viewers will know. She did a great job there. She has

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brought a lot of confidence in the company. She has given it more of a

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youthfulness. She is relatively young as chief executive 's goal. --

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as chief executive score. They are trying to get a younger audience. I

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think her image is good. The results are not as spectacular as some might

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hope. What about the move to say to employees that they could not work

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from home any more and they needed to be in the office. The idea was

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that David Shearer more ideas. -- they would Shearer ideas. This was

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meant to reduce the headcount. It did with some staff of. I am a big

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believer in the working from home. There is a certain synergy about

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being in the office and I think a lot of employees, even though they

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were not happy at the time, they have now said that they like the

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idea. I did not like the idea initially but there is something to

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be said for it. It is about getting car is back in the parking lot,

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people in the cafeteria. She is giving people free food now, as is

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the case at Google. That was not the case before. She is trying to get

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the morale up. That is working. She has done good in surveys. Thank you

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for your time. We are looking at Marissa Mayer's

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first year at Yahoo. How has she done so far? It is an interesting

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story. Moving on, this is a familiar sight in Greece. Union leaders are

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increasing pressure on the government. Transport and public

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services are likely to be brought to a halt today as the main unions:

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general strike. In are pulled workers are already on strike. --

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main unions are going on strike. Municipal workers are already on

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strike. This week, the police became the latest state workers to join the

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resistance to job cuts. They are being made by order of the

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exasperated international austerity committees. Police and others civil

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servants are being moved to a mobility pool. They will have eight

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months to find other work or face the sack. Many are hearing of their

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feet if the day. -- hearing what will happen everyday. TRANSLATION:

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there was already unemployment in our family. What job is the for me

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to do at my age? Ordinarily Greeks are split down the middle. 20% of

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all Greek workers are still in state jobs. Their wages are a heavy board

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and for taxpayers. -- Eddie Burton. Many people do not choose to join

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the protest. Events so far have punished private employers,

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according to this man. He believes state workers are protected by the

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politicians. The public sector is not doing well. The are not looking

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after the private sector. It is collateral damage. A lot of

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unemployment coming from the public sector. How can this happen? This

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could only happen because it was accepted by the troika. The impact

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of the shutdown has already been seen on the streets. They is

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pressure on Parliament to think again about the state job cuts. A

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major shakeup in the mining industry. Lonmin in South Africa

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says it will no longer recognise the National union. They are affiliated

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with the ruling Congress. The Prime Minister is hoping this will prevent

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a repeat of violent clashes from last year. What is at stake here?

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Good morning. What is going on? There is another union that Lonmin

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is no possibly going to talk to in more detail. Yes. This union really

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made a name for itself last year. It was often achieved through wildcat

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strikes. They have been achieving higher than expected wage increases.

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They are not necessarily affiliated with the ruling ANC in South Africa.

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When it comes to the government playing a more proactive role,

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stealing negotiations in a direction where agreement will be easier, it

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is very adept. As you say, it has been successful in terms of getting

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better deals. It has attracted more members, hasn't it? It is the

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dominant union. It has a 17% membership in the gold sector as

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well. The more successful they are in securing these agreements, the

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more likely they will achieve more agreement. There have been proposals

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for them to go on strike. They are becoming the dominant union. That

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has led to more uncertainty. We will keep an eye on what this means. Wage

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ago she agents are continuing. A quick look at the markets. Quite a

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