Browse content similar to 14/08/2013. Check below for episodes and series from the same categories and more!
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between the two sides. Those are the headlines. Now for the latest | :00:05. | :00:14. | |
:00:15. | :00:28. | ||
In all out of recession? Today we will get the verdict on the economy. | :00:28. | :00:30. | |
While the world's largest airline failed to take off. The US | :00:30. | :00:36. | |
Department of Justice acts to block the merger between it American | :00:36. | :00:46. | |
:00:46. | :00:56. | ||
Ahead: Recession that has gripped Europe is likely to be over. Figures | :00:56. | :01:00. | |
out today are likely to show a growth among the countries that use | :01:00. | :01:05. | |
the single currency edged up 0.2% from April. This would be | :01:06. | :01:10. | |
competitive previous quarter. The increase, although slight, wood and | :01:10. | :01:16. | |
quarters of debilitating recession that has affected the eurozone since | :01:16. | :01:21. | |
its creation. I will speak to a leading economist. First let's have | :01:21. | :01:28. | |
a look at one of the eurozone countries, Ireland. There are some | :01:28. | :01:32. | |
glimmers of hope and the grassroots economy of the country. A reluctance | :01:32. | :01:39. | |
by banks to lend could mean a slower hold. Island's comic took a dive | :01:39. | :01:47. | |
five years ago but at this holiday spot it is a key for these people | :01:47. | :01:52. | |
wanting to take the plunge. -- OK. Before the recession and would have | :01:52. | :01:57. | |
had more than 20 holidays abroad a year but now I can Bendigo wants a | :01:57. | :02:03. | |
year. I am lucky to even have that. I guess people are looking at what | :02:03. | :02:08. | |
they have and they are staying here to holiday in Ireland. The downtown | :02:08. | :02:16. | |
has meant more business though. It has been a good year overall. | :02:16. | :02:19. | |
south people have been offering great value in local restaurants and | :02:19. | :02:28. | |
for families. They want to keep people coming in. | :02:28. | :02:32. | |
This area has the scenery but there are also high-tech companies. Local | :02:32. | :02:36. | |
people may be staying at home to save money during the recession but | :02:36. | :02:43. | |
for the company is the focus is aboard. Exports are seen key to | :02:43. | :02:48. | |
Ireland's getting out of recession. Most of this company 's business is | :02:48. | :02:55. | |
now after the US. There is not much backing at home with cautious banks | :02:55. | :03:02. | |
and a weakening economy. We have massive growth coming through the | :03:02. | :03:06. | |
US. We are sitting up there. We are involved in major opportunities. We | :03:06. | :03:09. | |
have new customers coming on all the time. The problem is that we can't | :03:09. | :03:15. | |
get access to capital through either investors or the banks. The busy | :03:15. | :03:21. | |
streets wouldn't suggest recession. While visitors full inwards, local | :03:21. | :03:27. | |
figures show that exports are declining. They may be fighting to | :03:27. | :03:32. | |
win business at home but the battle for money will depend on money and | :03:32. | :03:42. | |
:03:42. | :03:42. | ||
the EU. I speak to a senior economist at the | :03:42. | :03:50. | |
bank. It looks as though after the long, cold, hard winter that we have | :03:50. | :03:54. | |
gone through, things are starting to look up for the eurozone. Indeed. It | :03:54. | :04:02. | |
seems as though the recession... And a pool the eurozone was already | :04:02. | :04:08. | |
growing. It remains a very uneven recovery though. Most service | :04:08. | :04:15. | |
Ireland is in recession but most of the recession has eased. Germany | :04:15. | :04:18. | |
will probably report a significant growth. It may even be the fastest | :04:18. | :04:22. | |
growing economy this time. Interestingly, we have one other | :04:22. | :04:27. | |
country, France, the second largest economy in the eurozone, expected to | :04:27. | :04:32. | |
move out of recession and into growth. Indeed. They had two | :04:32. | :04:37. | |
quarters of negative growth. The reported positive growth in the | :04:37. | :04:41. | |
second quarter. We are talking about very slight growth and a very slight | :04:41. | :04:46. | |
recession before. France is stagnating rather than growing. | :04:46. | :04:52. | |
is going to happen after September. There are elections in Germany in | :04:52. | :04:56. | |
September. It is the powerhouse of Europe. What can we expect to change | :04:56. | :05:01. | |
in terms of economic policy? There are some stories about the German | :05:01. | :05:04. | |
election which will probably be the biggest political event in Europe in | :05:04. | :05:11. | |
the second half of the year. One of the story is, what will happen to | :05:11. | :05:14. | |
Germany, domestically? There would be massive change. The second is, | :05:14. | :05:20. | |
what will happen to Europe? At the moment, Germany is softer on the | :05:20. | :05:23. | |
periphery than it used to be because it wants to avoid a crisis ahead of | :05:23. | :05:28. | |
the election. After the election it will get harsher. The other story is | :05:28. | :05:32. | |
that at the moment Gemina 's harsh on the periphery because German | :05:32. | :05:35. | |
voters like that. After the elections they will get softer. They | :05:35. | :05:39. | |
will allow Eurobonds and other things like that. In my view, it is | :05:39. | :05:46. | |
most likely that this turns out to be a nonevent because whatever | :05:46. | :05:49. | |
happens at the elections, it is in the German national interest to keep | :05:49. | :05:54. | |
the eurozone together and to lead the eurozone back to growth. For | :05:54. | :06:02. | |
that policy they are being a bit softer. A bit more growth is the | :06:02. | :06:08. | |
right policy. It will change after the election. Thank you. We will | :06:08. | :06:14. | |
wait for GDP figures to trickle out over the morning. | :06:14. | :06:19. | |
In a surprise move, US government officials have filed a lawsuit to | :06:19. | :06:22. | |
block the proposed merger between US Airways and American Airliness | :06:22. | :06:30. | |
parent company AMR Corp. It would have created the world's biggest | :06:30. | :06:38. | |
airline. If you are a boss at American Airlines or US Airways you | :06:38. | :06:43. | |
might be forgiven for thinking that your planned merger was pretty much | :06:43. | :06:47. | |
on track. It was backed by a federal judge in March and it has been | :06:47. | :06:51. | |
approved by the European union as well. The US Department of Justice | :06:51. | :06:55. | |
has had other thoughts. It has moved to block the deal. They say the | :06:55. | :07:02. | |
merger would push up fees. It would lead to consumers with -- leave | :07:02. | :07:08. | |
consumers with fewer choices. There are four US airlines now. They used | :07:08. | :07:18. | |
to be six. This planned merger was... The airline has been in | :07:18. | :07:26. | |
bankruptcy protection. Other carriers have fallen sharply. What | :07:26. | :07:30. | |
is next? In light of the government's decision, they no | :07:30. | :07:33. | |
longer expect the merger to complete by the end of this year. They are | :07:33. | :07:43. | |
not giving up. US Airways says the company will fight the injunction. | :07:43. | :07:48. | |
Some are the news now. Public prosecutors and Brazil have begun | :07:48. | :07:54. | |
legal action against South Korean Alec Tronics giant, Samsung saying | :07:54. | :07:59. | |
it is violating labour laws at its factory in the Amazon region. -- | :07:59. | :08:05. | |
electronic. It says that they make people work long hours without | :08:05. | :08:12. | |
sufficient breaks. It says they will take action. Shares for Apple jumped | :08:12. | :08:20. | |
nearly 5% on Tuesday after a well known Wall Street personality | :08:20. | :08:27. | |
commented. He said he had a major hold an Apple stock and the Company | :08:27. | :08:31. | |
should accelerate its share. BP is suing the US government for barring | :08:31. | :08:37. | |
it from obtaining new federal contracts. The Environmental | :08:37. | :08:41. | |
Protection Agency banned BP last November because of the firm's lack | :08:41. | :08:47. | |
of business and Tiruchi after the deepwater exploit. -- business and | :08:47. | :08:57. | |
:08:57. | :08:58. | ||
tech pretty. -- deepwater exploit in. Kohlberg & Co has abandoned its | :08:58. | :09:02. | |
effort to buy Steinway Musical Instruments. In July Kohlberg & Co | :09:03. | :09:09. | |
had accepted advice, valuing the company at 430 8 million US | :09:10. | :09:15. | |
dollars. It was dropped on Monday by a mystery that -- 438 million US | :09:15. | :09:22. | |
dollars. It is said that the offer from a high of business came from | :09:22. | :09:26. | |
John Polson. John Polson. | :09:26. | :09:32. | |
Let's look at Around the world we are waiting for GDP figures to come | :09:32. | :09:39. | |
out. First numbers are expected for France, Germany, and around 9am we | :09:39. | :09:43. |