Browse content similar to 06/11/2013. Check below for episodes and series from the same categories and more!
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place in Syria later this year. Those are the latest headlines. Now | :00:00. | :00:20. | |
for all of the business news. We will not pay. The French | :00:21. | :00:22. | |
government scrambles to contain anger over in posed environmental | :00:23. | :00:30. | |
taxation. `` imposed. We go to is poised to outsell all other car | :00:31. | :00:34. | |
manufacturers for the second year in a row. `` Toyota. Welcome to the | :00:35. | :00:48. | |
programme. Also, we look at what is behind the increase in business | :00:49. | :00:53. | |
confidence in the UK. First, the European commission has forecast | :00:54. | :00:57. | |
that France will have to pass deeper austerity measures to meet the | :00:58. | :01:01. | |
deficit targets it has been set. The French government has been trying to | :01:02. | :01:05. | |
restore public finances by increasing taxation, which is hugely | :01:06. | :01:10. | |
unpopular. One tax in particular has brought the farmers of Brittany out | :01:11. | :01:16. | |
in force. It is a green tax on heavy vehicles. There were signs yesterday | :01:17. | :01:21. | |
that the demonstrations were spreading to the south`west of the | :01:22. | :01:30. | |
country. Tomatoes, red and ripe for picking. | :01:31. | :01:40. | |
They will soon be on a journey. This man farms tomatoes, a family | :01:41. | :01:46. | |
business with seven employees. Jobs depend on cheap transportation. Yet | :01:47. | :01:52. | |
transportation has grown to 10% of his outgoings. This proposed tax, he | :01:53. | :01:58. | |
says, will cost another 10,000 euros per year. For a small business, that | :01:59. | :02:08. | |
is crippling. So angry at the farmers they have joined lawyers, | :02:09. | :02:11. | |
labourers and trade unionists at the barricades. The symbol is the red | :02:12. | :02:17. | |
bonnet worn by their ancestors who resisted the taxes of King Louis | :02:18. | :02:28. | |
XIV. Sensing danger, Francois Hollande announced last week the | :02:29. | :02:31. | |
suspension of the tax, not that it has quelled the protest. | :02:32. | :02:38. | |
TRANSLATION: There is a risk of insurrection. People have had enough | :02:39. | :02:43. | |
of the government ignoring their problems. They have imposed this tax | :02:44. | :02:47. | |
on our economy which may well collapse. Today in the provincial | :02:48. | :02:56. | |
capital, peace may not be in the power of the prefect. The onus lies | :02:57. | :03:02. | |
firmly with the government. In just 18 months, Francois Hollande has | :03:03. | :03:06. | |
become the most unpopular president on record. This is one of the | :03:07. | :03:11. | |
regions that voted for him in the elections. Today, they feel | :03:12. | :03:17. | |
betrayed. Nationwide, 85% of his own socialist supporters say they want | :03:18. | :03:23. | |
him to change his approach. He has to balance the budget with tax rises | :03:24. | :03:28. | |
rather than spending reform. He has been forced into a series of | :03:29. | :03:34. | |
retreat. There is much work to be done to close the distance between | :03:35. | :03:39. | |
Paris and Brittany, but how much longer can the president stick to | :03:40. | :03:42. | |
the same track, ignoring the austerity that much of Europe has | :03:43. | :03:51. | |
been forced to swallow? Toyota is set to report record | :03:52. | :03:55. | |
results today, despite a vehicle recall earlier in the quarter. Net | :03:56. | :04:00. | |
income is thought to have risen to nearly $10 billion. One contributing | :04:01. | :04:08. | |
factor is the Japanese yen, which has declined in value against all | :04:09. | :04:14. | |
major currencies, benefiting the exporter and reviving the Japanese | :04:15. | :04:20. | |
economy. Toyota may not make the most | :04:21. | :04:25. | |
exciting vehicles in the world but it is fantastically good at selling | :04:26. | :04:30. | |
them. In the three months from July to September, Toyota outsold every | :04:31. | :04:35. | |
other car company in the world including General Motors in America. | :04:36. | :04:40. | |
It is not just selling cars, it is the amount of money Toyota make | :04:41. | :04:47. | |
this. In the first nine months of this year, it sold roughly the same | :04:48. | :04:52. | |
number of vehicles around the world as General Motors and faults wagon. | :04:53. | :04:57. | |
However, if you look at the Prophet Toyota is expected to make, it is | :04:58. | :05:02. | |
three times as much as General Motors, and that is because of | :05:03. | :05:09. | |
Toyota's legendary efficiency and the value of the Japanese yen, which | :05:10. | :05:14. | |
is weaker than it has been for many years. In the US, a court in | :05:15. | :05:20. | |
Oklahoma last month decided against Toyota in a case involving alleged | :05:21. | :05:26. | |
uncontrolled acceleration in one of the models. Success in that case on | :05:27. | :05:33. | |
the part of the plaintiff means that hundreds of people with similar | :05:34. | :05:38. | |
cases are likely to come forward in filing suit against the Japanese | :05:39. | :05:45. | |
company. We are waiting for those numbers to come through very soon. | :05:46. | :05:51. | |
Mitsubishi's shares are also rising on reports it is looking to make a | :05:52. | :06:00. | |
deal with other carmakers. Car many factories are very much in focus | :06:01. | :06:08. | |
this week. `` carmakers are very much in focus this week. Mitsubishi | :06:09. | :06:11. | |
is considering connecting with Peugeot. Other companies have failed | :06:12. | :06:24. | |
in recent decades, leading to this potential alliance with the French | :06:25. | :06:29. | |
carmaker. Mitsubishi currently shares a Russian facility with | :06:30. | :06:35. | |
Peugeot, supplying them with versions of its sport utility | :06:36. | :06:40. | |
vehicles and let the cars. Mitsubishi has failed twice in the | :06:41. | :06:45. | |
past at forming partnerships with foreign carmakers. It pulled out of | :06:46. | :06:52. | |
talks with Chrysler in the past. Analysts say this might be the right | :06:53. | :06:59. | |
time. It will be difficult for Mitsubishi to stay independent for | :07:00. | :07:05. | |
much longer if it wants to compete with companies like Toyota. | :07:06. | :07:11. | |
Recently, all eyes have been on the East and the so`called emerging | :07:12. | :07:15. | |
markets for exciting business opportunities and growth. | :07:16. | :07:20. | |
One new report says this is about to change. One report says that the US | :07:21. | :07:28. | |
and UK will be driving growth, going forward, with the UK in particular | :07:29. | :07:33. | |
seeing a large increase in business confidence. Focusing on the UK to | :07:34. | :07:41. | |
begin with, your conclusions are quite strong about business | :07:42. | :07:46. | |
confidence. You say it is the highest you have seen since you have | :07:47. | :07:53. | |
been recording it. Why is that? We have seen business confidence more | :07:54. | :07:57. | |
than double and we believe that it is because of a broad`based sense of | :07:58. | :08:03. | |
confidence. The confidence in profitability is spread across all | :08:04. | :08:07. | |
industries, across services, construction and even | :08:08. | :08:12. | |
manufacturing. Business leaders are more confidence. Many businesses | :08:13. | :08:19. | |
have been sitting on cash and waiting for signs to invest, to | :08:20. | :08:23. | |
expand. Will this lead to the expansion we hope for and perhaps | :08:24. | :08:29. | |
new jobs being created? I hope so. What we are being told is that | :08:30. | :08:38. | |
people are beginning to increase hiring in the UK and the US. One | :08:39. | :08:44. | |
thing that you mentioned in your report is that even though we are | :08:45. | :08:50. | |
seeing business confidence increasing and businesses expanding, | :08:51. | :08:54. | |
households will still feel things very tough because salaries are not | :08:55. | :09:04. | |
in line with inflation. There is still sensing being conservative, so | :09:05. | :09:07. | |
we will not be a huge increase in salaries, but we have seen | :09:08. | :09:10. | |
indications that business leaders will increase them somewhat. You say | :09:11. | :09:18. | |
that the US has also seen an increase in business confidence. Not | :09:19. | :09:23. | |
so long ago, there was political paralysis and a partial government | :09:24. | :09:27. | |
shut down and have real worries about what impact that might have. | :09:28. | :09:31. | |
Will we be seeing this happen all over again? Is not the US economy, | :09:32. | :09:38. | |
although not held hostage, still affected by that? I afraid those | :09:39. | :09:45. | |
times are not behind us. There are still long`term concerns. However, | :09:46. | :09:51. | |
the recovery is strong. We have had a decent six months of solid | :09:52. | :09:57. | |
recovery. Things are much better than what they were one year ago. | :09:58. | :10:02. | |
When we talk about emerging economies not doing so well, what | :10:03. | :10:08. | |
does that mean? Confidence in the Chinese economy is still strong and | :10:09. | :10:13. | |
there have been good results. Brazil and Latin America in general have | :10:14. | :10:17. | |
been weaker. Russia is down and so is India. Thank you. Interesting to | :10:18. | :10:24. | |
see where those confidence levels are. And how are the markets going | :10:25. | :10:31. | |
at the moment? These are the figures from Asia. In Japan, it is the | :10:32. | :10:37. | |
carmakers that are pushing the markets in both directions. Toyota, | :10:38. | :10:51. | |
Mitsubishi, Nissan. That is a brief update on the markets. | :10:52. | :11:13. | |
Just before we get looking at the newspapers, we can focus on a story | :11:14. | :11:21. | |
in the UK, where a Conservative MP has referred himself to the | :11:22. | :11:24. | |
Parliamentary standards Commissioner after the Daily Telegraph accused | :11:25. | :11:28. | |
him of offering to set up this must heals worth hundreds of thousands of | :11:29. | :11:33. | |
pounds. This is Mark Pritchard `` offering to set up business deals | :11:34. | :11:41. | |
worth hundreds hundreds of thousands of pounds. The Daily Telegraph says | :11:42. | :11:47. | |
Mark Pritchard offered to broker investments overseas. He was | :11:48. | :11:52. | |
secretly recorded by an undercover reporter working | :11:53. | :11:53. |