12/09/2013 World Business Report

of police during a routine patdown. Those of the latest headlines. For

the latest financial news now. Michael Dell is set to win a key

shareholder vote on taking his company private, but the bigger

battle to turn around the PC maker is still ahead.

battle to turn around the PC maker Plus, Brussels promises an end to

the roaming rip—off in a major shakeup of the

Report. Also in the programme, Report. Also in the programme,

two economy. We will have the latest a serious slowdown

two economy. We will have the latest from the World Economic

First, we start with the computer First, we

major shakeup. Later today, the giant Dell, which is

major shakeup. Later today, the founder of the PC maker, Michael

Dell, is expected to win a opposition from billionaire

shareholder vote five years ago. Mr Dell hopes it

will give him some breathing space to turn the company around, away

from the constant scrutiny of from the constant scrutiny of

shareholders. Let's look at the challenge ahead. Some figures out

late yesterday will give you a sense of what Michael Dell will be to pull

off. According to research, global shipments of traditional desktop PCs

year. If you compare that to year. If you compare that to

they will be a healthier 181 they will be a healthier 181

million. But lets look at tablets. They are on track to hit 222 million

this year. And dwarfing them all, over 1 billion smart phones will be

shipped this year. They are becoming by far the dominant way to access

the Internet around the world. Can Dell reinvent itself?

It is a sunny lunchtime in New York. For his break, this man comes to the

city 's famous Central Park. Like many of us, he likes to browse the

Internet best friend is his tablet. It is easily transported. I have a

tiny charger, which recharges when the battery dies. For my laptop

had to take the full lead and look had to take the full lead and look

for a socket. It is a for a socket. It is a case of

incorporating it into my lifestyle. That is the challenge that the

founder of Dell faces. People founder of Dell faces. People

increasingly turning away from personal computers. It is a problem

that other traditional computer an example. It dominated the market

in the 90s. But almost a decade ago, in the 90s. But almost a decade ago,

it had to sell its PC business to China's Lenovo. In order to turn its

fortune around. Without such a strategy, things are tough for

Hewlett—Packard. They continue to struggle, and their shares will soon

be removed from the Dow Jones industrial average due to

United States? I think in the short performance. So is

term it looks very grim. People like term it looks very grim. People like

HP and Dell have been undercut by lots of companies coming out of

Asia. They cannot compete on price and people are no longer as

interested in purchasing direct the way they once did with Dell.

America's PC making is not totally doomed. Lenovo has created new jobs

in places like North Carolina. But few US companies want to do the

same. same.

technology. Later today, the Let's stay with the world of

technology. Later today, the European commission will announce

details of its plans to reform the telecom industry in the region.

Among the proposals likely to prove popular with users is an end to

inflated roaming charges when inflated roaming charges when

travelling abroad. Brussels also wants to encourage companies to

invest in faster Internet services so Europeans can download darter as

fast as consumers in the US and Asia. The principal technology

analyst is back. It has been a busy week. Tell us, what is the

commission likely to set it? There is likely to be a ramping up on caps

for roaming charges. Tougher cuts that will lower the causes of voice

calls, text messages and probably darter as well. When we travel

situation be? In the near future, we situation be? In the near future, we

expect to see the eradication of charges for incoming calls. When you

are EU, you will no longer be charged

for for receiving an incoming call. You

also find your costs for making an fall considerably. Eventually we

outgoing call by 2016, of the eradication of

is slower rate. We expect to see the EU. So it will

tougher caps that will lower the tougher caps that will lower the

cost of roaming. Eventually get cost of roaming. Eventually get to

the stage where you do not pay any more than you do at home, but a bit

later. What is the impact for mobile compass? Roaming charges have been

very lucrative for mobile companies. Traditionally, this was an

unregulated space, so they had more Latitude to charge than they could

in their home markets. But as the EU has implemented caps, we have seen

an interesting offset. More use an interesting offset. More use of

mobile phones while people are roaming while —— because of the

lower charges, has made up for the loss of revenue. So everyone has

one. Now two north—east China. Global

executives for the World Economic Forum are there. In his keynote

speech, the Chinese Premier played down fears of a serious slowdown in

the world 's number two economy. Our correspondent is there.

The man they have all come to see. The Premier has short to ensure

investors that China's future growth is on track. TRANSLATION: I would

like to tell everyone that the Chinese economy, which is at a

crucial stage of transformation and crucial stage of transformation and

upgrading, is moving forward and the fundamentals are stable. China's

modernisation will not modernisation will not be

accomplished without reform. It not be achieved without opening up.

By treating aggressively with other nations, China has been opening up

for more than 30 years. That export led model has served the country

well so far. For decades, China has been described as the factory of the

world, and that is what has driven business around the country. A slump

in demand from its traditional trading partners has forced economic

consumption. A report this week says ways of generating growth. Top of

consumption. A report this week says the country has more than 300 US

billionaires —— US dollar billionaires. Something these people

can only dream about. The vast majority of Chinese live on modest

incomes. The economy is still overwhelmingly led by government

policy and powerful state—owned companies. Boosting the people 's

wealth will depend on difficult changes to come.

Australia has seen unemployment hit Australia has seen unemployment hit

a four—year high in August, a four—year high in August,

revealing a challenge facing newly elected Prime Minister Tony Abbott.

It is getting tougher for people trying to find work in Australia, as

opposed to easier. That's right. Mr Abbott already faces the key

challenge creating jobs —— jobs as the mining investment boom ends. The

unemployment level has not been seen since the financial crisis.

Queensland, a key mining centre, saw the biggest job losses. 5000

positions were lost that as global oversupply saw major companies scale

back or shut down projects. Australia now faces a transition

towards other growth drivers, with interest rates down to a record low

2.5% to jumpstart consumer spending in nonmining areas of the economy.

Tony Abbott has promised to return the nation to prosperity they

cancelling taxes on popular with businesses, as

well as lowering the tax rate. This story has meant that —— has had an

impact on the government. The impact on the government. The

Australian dollar losing some ground versus the US dollar. The Australian

market not perturbed by this news. Not a surprise. The Dow closed up by

0.9%. Apple