26/11/2013 World Business Report

`` deadly. Those the latest headlines. It is now time for the

latest financial news. Qualcomm faces an anti`trust probe

in China. Shares in the technology giants ink on fears access to the

world's biggest mobile phone market is under threat.

And we take a look at the growing appetite for canned food in Europe

as household incomes fall. Hello and welcome to World Business

Report. Also in the programme: what next for Hewlett`Packard? The

company reveals results to date. But first of all, China has launched a

probe against one of the world's biggest chip makers. Qualcomm. Its

processor chip powers most android, Windows and BlackBerry smartphones.

Shares fell in trade on Wall Street as the Chinese market is seen as key

for Qualcomm. Nice to see you. What do we know about this investigation?

We know that it is particularly interesting when you put it into the

context of recent developments on the regular Tory front in China. In

times of Qualcomm, we do not know too much. They say the investigation

does involve Chinese antimonopoly law. But the regulators say the

substance is confidential. We do not know exactly what the issue is.

Qualcomm says it is not aware of any anti`trust violations. There has

been a step up in scrutiny of China's violations. Baby from the

producers were fined for price`fixing. The same regulator

that is now looking into it, they launched a pressing investigation

into the pharmaceutical industry. In this particular case, there has been

a favourite of consideration as to why the investigation is taking

place right now. Just as China is going to launch a mobile service.

Qualcomm is one of the world's biggest makers of self and chips.

There is some suggestion that this could be an attempt to gain some

average for the Chinese negotiations. This is all

speculation. But it has quite a way to go. Thank you.

Qualcomm is not the only Western company worried about prospects in

China. Hewlett`Packard presents its fourth`quarter earnings today.

Investors are concerned by China's lack of appetite for the desktop

computer. There are fears that the computer giant's return to growth

would be in vain. What is going on in the Chinese market? Good to see

you, Chris. Let us talk about Hewlett`Packard. We will also touch

on Qualcomm. Will the earnings be good, bad or ugly? We think that

there are going to be OK, but lower than they be. HP is one of the

leading Chinese PC makers. So the consumer in China is just bypassing

the desktop and the laptop and skipping on to mobile devices? That

is right. China has been seen as a secondary market. It has now caught

up in what we have seen with the US and Europe is. `` Europe. They are

able to swap the local market break quickly. What is now for HP? There

are emerging markets where PC sales are still buoyant. However, HP

really needs to look at moving into the mobile space. It is too late for

them to launch a new market. But they need to look at things that

acquisitions. What do you make about the allegations on Qualcomm. For the

company, it is not good news, is it? It is not good at all. It is going

to scare a lot of people. It is one of several component manufacturers

that has come under the spotlight in China. A lot of people are being

scrutinised at the moment to make sure that everything they are doing

is above board. Particularly those in overseas markets. In times of its

future sales in China, it is the market for anyone in the mobile

phone world. They need to have a strong foothold in China. With the

four G licences coming up, is it important that this does not

overshadow its future business? It is absolutely critical that Qualcomm

keeps a foothold in China. It is a huge market. Qualcomm at the moment

is the leader in the underlying technology. Thank you for your time.

When we get the results we will update you. For now, we will talk

about Europe's age of austerity. It has had lasting effects on ordinary

families and households. Living standards are falling for the first

time in generations. Staples like fresh have become luxuries for many.

Continuing our series, we report from the UK and Portugal on the

surge in demand for cheap nutrition in a tin. Sales of canned foods are

rising over 3% per year. Time to make the children's T.

Might as well open a can. This is not the 1950s. Many are finding

local fresh fish is too expensive. This in a Canon is making a

comeback. It is a staple for this young family from Bristol. Mum and

admits there is a stigma attached to ten fish. But it is convenient and

costs less than half the price. When you look at the price, it can be

prohibitively expensive. There is all kind of things I can make. Your

children like it? They do! The demand for sardines is certainly

good for Europe's fishing fleet. Here is the catcher in northern

Portugal. Nearby is one of just seven surviving fish canneries in

the region. Not so long ago, the traditional skills were no longer

needed. Now there is no overtime on offer. `` overtime. There are

preparative the afternoon. In the 1970s, the fish canning industry

went into crisis. Many canneries closed. This one had an investment

of 5 million euros. They are addressing canned sardines, and tuna

and Backwell as gourmet treats. There was more competition than we

had at the moment. We thought it was the right opportunity. We have a

good opportunity to create more jobs. There is promise that new jobs

rely on rising sales. The workers are so well. Many in southern Europe

did not have worked. Here at least the demand for high`quality,

low`cost protein they can is saving jobs and skills. Other business

stories. Police have detained a seven

employees of China's latest oil refiner. Two employees are also in

police custody. The blast injured more than 160 people and nine others

are still missing. Today the ruling Nationalist party in Scotland

publishes a document outlining the case for Scottish independence. It

aims to set out the social, economic and democratic blueprint for a

breakaway from the UK. It will show the financial strengths of an

independent Scotland. The launch of the document heralds the start of

vigourous debate over the referendum in September.

Markets today in Asia are in and out of positive territory. You can see

Japan down by 0.3%. Elsewhere we are seeing slight gains. There is no

specific story, the more events taking place. Some are arguing that

money has been taken off the table. That is because in the United

States. I will see you soon for a look at the papers.

Commuters in London will see more police than usual on the streets of

the capital. Thousands of extra officers are being set up to try and

make it safer after an unusually high number of cyclists were killed

in recent weeks. Early morning and one of the

world's biggest cities goes to work. By bus, car, bike, commuters flow

through the capital's arteries. From now until Christmas, they will do so

under the