Browse content similar to 15/05/2014. Check below for episodes and series from the same categories and more!
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fires in hot, dry and windy conditions. Those are the latest | :00:00. | :00:00. | |
headlines from BBC World News. Now, for the latest financial news with | :00:00. | :00:15. | |
Alice. Fast`food slow down as low income | :00:16. | :00:26. | |
fast`food workers from 150 US cities and dozens of countries join in | :00:27. | :00:32. | |
protest to call attention to wealth inequality. Japan's growth blows | :00:33. | :00:37. | |
past forecast but will the glow last. Hello there. A very warm | :00:38. | :00:46. | |
welcome to you. With me Alice. Just a moment we'll be live in Singapore | :00:47. | :00:50. | |
talking about some important numbers that have come out of Japan | :00:51. | :00:56. | |
recently. People clearly hitting the shops again there. But protestors in | :00:57. | :01:01. | |
US continue to grow as low`wage workers demand an increase to the | :01:02. | :01:06. | |
minimum wage. On Thursday, American fast`food workers will walk off | :01:07. | :01:09. | |
their jobs in 150 cities. Similar protests are planned in cities all | :01:10. | :01:13. | |
around the world. It's part of an effort to show unity against the | :01:14. | :01:18. | |
growing income inequality in the States. Our correspondent reports | :01:19. | :01:32. | |
from York New York, a city of glitz and glamour, if you have got cash, | :01:33. | :01:39. | |
few other places are better than the Big Apple. But if you're only making | :01:40. | :01:46. | |
$8 an hour, like many of these workers, living here isn't easy. New | :01:47. | :01:51. | |
York has its stereotypes that we make so much money, we don't need | :01:52. | :01:55. | |
it, we're spoiled, we really take advantage of the opportunities that | :01:56. | :02:00. | |
we have here, but we are struggle here as well. Nowhere is the gap | :02:01. | :02:05. | |
between rich and poor more clear than New York. Some are just | :02:06. | :02:11. | |
scraping by. Others are making millions on Wall Street. But this is | :02:12. | :02:16. | |
not just a New York problem. It's an American one. Between 1993... | :02:17. | :02:24. | |
Average income growth for all Americans was 17. 9%. But... Compare | :02:25. | :02:37. | |
that to the bottom 99% who only saw 6. 6% of income growth. Income | :02:38. | :02:44. | |
inequality in America has reached such heights that people like Jese | :02:45. | :02:49. | |
are trying to do their part to spread the wealth. I inherited money | :02:50. | :02:54. | |
when I turned 21 from my grandparents, and I personally felt | :02:55. | :02:59. | |
a disdense between gad grating the from college without debt and having | :03:00. | :03:02. | |
a pot of money that I had personally not dope anything to earn. She has | :03:03. | :03:11. | |
already given away two`thirds of her inheritance, and through the | :03:12. | :03:13. | |
organisation she runs, she's showing others to do the same. But for those | :03:14. | :03:19. | |
who don't have the benefit of an inherit tans or any money at all, | :03:20. | :03:25. | |
moving up is tough. An a lot of people are stuck in a low financial | :03:26. | :03:30. | |
rut, and this tends to last a good part of their lifetime. It's very | :03:31. | :03:34. | |
hard for them to move up economically. Much of what makes the | :03:35. | :03:41. | |
gap between rich and poor so vast is actually systemic, and until some of | :03:42. | :03:45. | |
those issues are addressed, as time goes on, the disparity will get | :03:46. | :03:51. | |
worse putting the quality of life of future generations into question. | :03:52. | :03:58. | |
And you can see more on the world's growing wealth divide on Talking | :03:59. | :04:05. | |
Business with Linda this Friday on BBC World News. Now, Japan's economy | :04:06. | :04:09. | |
grew at the fastest pace in nearly three years in the first quarter due | :04:10. | :04:14. | |
to an increase in spending. Official dat yes showed that the GDP grows | :04:15. | :04:22. | |
somewhat 1. 5% in the January period. 0. 1% of the prior quarter | :04:23. | :04:27. | |
with a figure beat forecasters with 1% growth and was led by a rise in | :04:28. | :04:34. | |
consumer spending up by 2. 1%. Our correspondent joins us live now. | :04:35. | :04:41. | |
Good to see you, Rico. The bottom`line was Japanese consumers | :04:42. | :04:45. | |
were spending. They went on a shopping spree buying cars. They | :04:46. | :04:52. | |
took to shopping malls to purchase banlts, appliances, furniture, | :04:53. | :04:56. | |
clothes, just anything they could afford before the consumption tax | :04:57. | :05:01. | |
was raised on the 1 April. Alice, con susms was indeed a major | :05:02. | :05:05. | |
catalyst before the sales tax was raised from 5 to 8%. New investment | :05:06. | :05:12. | |
by businesses also gave the economy a major lift. Well, gift credit as | :05:13. | :05:18. | |
`` give credit to the Japanese prime minister. It has helped the economy | :05:19. | :05:24. | |
grow father, but concerns remain whether this recovery is durable. We | :05:25. | :05:29. | |
speak to economists, they warning spending may slow down now that the | :05:30. | :05:33. | |
April tax hike has been introduced and they say where the con susms tax | :05:34. | :05:37. | |
now at 8%, the bottom`line is it will make a whole lot of things more | :05:38. | :05:43. | |
expensive. So we're expecting this will slow down the economy this | :05:44. | :05:52. | |
quarter. Thanks. Now, launching a new Smartphone in one of the world's | :05:53. | :05:58. | |
most populous nations is always a challenge. Motorola is venturing | :05:59. | :06:05. | |
into tough territory in India as it launches a new Smartphone. We met up | :06:06. | :06:09. | |
with the corporate Vice President in the Asia pacific and asked him why | :06:10. | :06:14. | |
the phone would work in India. One thing that we have seen is that the | :06:15. | :06:19. | |
great or high quality mobile Internet experience hasn't been | :06:20. | :06:24. | |
available to a lot of people around the world. So we're starting to | :06:25. | :06:30. | |
welcome a lot of people who are currently on a phone, po tern | :06:31. | :06:35. | |
usually poor Smartphone experience and join Motorola. India is a highly | :06:36. | :06:39. | |
competitive market. If you get your price point right, the rewards are | :06:40. | :06:42. | |
huge, but also things can go wrong very easily here. So what do you | :06:43. | :06:47. | |
expect with your new launch? I think every international vendor is here | :06:48. | :06:51. | |
as well. So obviously very exciting marketplace. We have enjoyed | :06:52. | :06:56. | |
tremendous success over the last three months. And I think that is | :06:57. | :07:00. | |
because we have a very clear strategy. We try to focus on | :07:01. | :07:07. | |
android, very simple, very fast devices. And also make devices that | :07:08. | :07:10. | |
keep better `` keep getting better all the time. If we continue to do | :07:11. | :07:15. | |
that, we bring those to the consumer at attractive price points, we can | :07:16. | :07:20. | |
be extremely successful. You have recently changed ownership, you're | :07:21. | :07:24. | |
now a Chinese company. What's it like to operate them? We're h not | :07:25. | :07:30. | |
the Chinese business yet, the acquisition will be finalised | :07:31. | :07:32. | |
hopefully later this year, so we continue to operate as two separate | :07:33. | :07:38. | |
companies. I'm excited, and I think the entire Motorola team is excited | :07:39. | :07:42. | |
because we have built a lot of momentum in Motorola over the last | :07:43. | :07:47. | |
12 months in terms of our comeback to the market and I think company | :07:48. | :07:53. | |
has made it clear. The brand is very important reason, and the | :07:54. | :07:57. | |
engineering and the people. How easy is it continue to innovate if your | :07:58. | :08:01. | |
ownership keeps changes? The team is the same. I think the Motorola focus | :08:02. | :08:06. | |
is where we'll look at our engineers. We're trying to address | :08:07. | :08:11. | |
the key in the most critical consumer pinpoints and try to give | :08:12. | :08:15. | |
an experience to the consumer than is better than anybody else. That | :08:16. | :08:21. | |
doesn't change. What this enables us now, we'll get the better reach on a | :08:22. | :08:30. | |
global level. Talking to the corporate Vice President of Motorola | :08:31. | :08:35. | |
Asia pacific region. Look at other news now ` striking mines ` a | :08:36. | :08:41. | |
reported to be `` strikers of mines are refusing to return to work in | :08:42. | :08:51. | |
South Africa's platinum belt. Works have gotten together in the | :08:52. | :08:56. | |
north`west trying to break a month's long strike. The cessation of mine | :08:57. | :09:02. | |
workers says it's telling strikers to remain steadfast and be peaceful. | :09:03. | :09:08. | |
Britain's Finance Minister has again insisted that a currency union after | :09:09. | :09:14. | |
Scottish independence will not work and has been ruled out. That this | :09:15. | :09:21. | |
would only happen if the UK stayed together. Time new to look at how | :09:22. | :09:25. | |
Asian markets are getting on. For the most part, stocks have drifted | :09:26. | :09:29. | |
lower on Thursday's robust growth. Japan was off set by US markets | :09:30. | :09:33. | |
pulling back from record levels. Although we can see there the hang | :09:34. | :09:42. | |
senge in Hong Kong actually in positive territory. OK, from me and | :09:43. | :09:45. | |
the team that's all for this hour, if you like to get in touch. I'm at | :09:46. | :09:51. | |
BBC World News. I will be back to look at the papers in just a moment. | :09:52. | :10:08. | |
We may read the words of austin, dic Kens from a book, but the original | :10:09. | :10:17. | |
manuscripts are usually locked out. Well, that's about to change. With | :10:18. | :10:20. | |
the British library | :10:21. | :10:21. |