11/09/2013 World Business Report


11/09/2013

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being held by rebels. Those are the being held by rebels. Those are the

:00:00.:00:04.

latest headlines. Now we are looking at financial news.

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The man who steered the world's second largest economy, the Chinese

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iPhones. Will it work the mass Premier Li Keqiang

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iPhones. Will it work the mass market in China? —— woo.

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will focus on the rebirth of the iconic London black cab. First,

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here's the man who steered the world's second biggest economy and

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in a few hours the Chinese Premier in a few hours the Chinese Premier

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Li Keqiang will make us key at the World Economic Forum. At the top of

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the agenda will be sustaining Chinese growth. There will be a

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range of other issues such as range of other issues such as

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reining in a bad bank loans, government debt, and corruption. We

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more about what he is likely to say. more about what he is likely to say.

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The Premier is due to speak in about five hours for his official part in

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the programme that is an official, in formal part in the World Economic

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Forum started last night when he spoke without 200 executives around

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the world. He spoke to them for about two hours. He took a number of

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questions. He was grilled about the questions. He was grilled about the

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Numbers at China were very weak in Numbers at China were very weak in

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the first six months of the year. One executive described that as

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being quite hopeless. Last night he was more optimistic, saying numbers

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coming out of August have seemed to have led to an uptake. People are

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now saying that the Chinese growth seems to be stabilising. He also

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took questions about refining shall reform. He didn't give very specific

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answers about about allowing the currency to float more freely. ——

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financial reform. We'll have to financial reform. We'll have to see

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gaining more prominence globally. It Tell us

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gaining more prominence globally. It is now known as the summer economic

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want to showcase. One company that I world foreign. What else is going

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want to showcase. One company that I will be speaking to actually puts a

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barcode is into things like drugs counterfeits. Thank you. We will

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see if what you are speak here again later on.

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Now, everybody is talking about it again. Apple has been unveiling new

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products, to iPhones. The cheaper product comes with a plastic back in

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a choice of colours. It is and it increasing Apple's share in emerging

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markets. We speak to our markets. We speak to our

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correspondent in San Francisco. There's so much excitement about

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these events but now we have heard what are offering, what people

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saying their latest decisions? Largely it has been a feeling of

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disappointment. Many of the details of the handsets were rumoured as it

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what was announced was not more than what was announced was not more

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what was expected. There was no real what was expected. There was no real

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magic aside from the two handsets. The handsets are interesting. The

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iPhone five hours, the premium handset it has a few interesting

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technologies, it has a fingerprint reader which allows the user to

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authenticate themselves by touching the home button or in fact for

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making purchases for example on the making purchases for example on the

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iTunes store. It has a very fast processor and an enhanced camera.

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These are all the bells and These are all the bells and

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whistles. The 64—bit architecture, the processing side, it may prove to

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be a long—term game changer that will allow richer

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people playing games, and also other applications coming onto

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There was no different form factor. There was no major surprise. On the

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iPhone 5C, it is in five colours and the specifications are

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much the same as the current iPhone five. Largely, I think it was a

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of a damp release. Do you get a of a damp release. Do you get a

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sense that they are rare thing, on the back foot, not catching up on

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innovation. Tell us about these rumours that they are perhaps poised

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to deal with China Mobile. They would be a significant move, a mass

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market. The rumours have been market. The rumours have been

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circulating for some time. The deal was announced, and we have heard it

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probably won't be announced, the deal would have been with China

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Mobile which is a staggering 745 Mobile which is a staggering 745

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million subscribers. It would have represented a massive opportunity

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for Apple. There are still many million consumers but the China

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Mobile deal would have been a huge opportunity for them. It is perhaps

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an opportunity missed. The camera in the 64—bit architecture are good but

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they are facing stiff condition from they are facing stiff condition from

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some kind —— some some kind —— some Chinese

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technology. It will be a real technology. It will be a real

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struggle for them to break through. Thank you for your reaction.

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It is a really bad day for the makers of the iconic London black

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West Midlands in Britain. Lines were West Midlands in Britain. Lines

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troubles pushing the company into stalling production. Our

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correspondent has gone to the new plant. Back from the brink and on

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the role. After the recall in the financial edge, this SME line is now

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set to make 700 of black cabs by the end of year. Since

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the 1940s, successive models of these craftsmen made Coventry with

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their tight turning circle is have been a mainstay of central London's

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transport system. These begin to change several years ago when Volvo

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bought 20% of the London taxi bought 20% of the London taxi

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company. They found ready market for an built version. The company has to

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during the production haters, Nissan during the production haters, Nissan

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have been developing fuel saving alternatives to the iconic T X four.

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The company is convinced they can beat the competition. The company

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had that problem. We are now part of a major Chinese midget manufacturer.

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It gives us more financial power. It gives us more financial power. It

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It gives us? I It gives user. It It gives us more financial power. It

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is a stability to address the is a stability to address the

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problems we have had in the past. I am confident the quality of the cab

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coming off the line today is better than it has ever been. Many doubted

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that of the larger the end of the tunnel for an independent London

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taxi company. Now, it has turned a corner with promising new, and even

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talk with a brand—new factory on corner with promising new, and even

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larger site. larger site.

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Don't we just love those re—emerging stories, a company back on track.

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A case will be reopened on an industrial park that was shot five

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months ago. A marathon negotiation session was held overnight.

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Operations should vision at the site. Oil prices have

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Syria. The price for West Texas intermediate reek crude went down

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strike. It would mean that Syria would have to surrender

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pause and markets. Japan is still doing well. The week yen is helping

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Japan. The markets have had such a strong run that there is a bit of

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profit—taking today. Apple shares fell down of the 2% yesterday. We

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will look at the fell down of the 2% yesterday. We

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moment.

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