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open in the Scottish city of Glasgow later today. The event, held every | :00:00. | :00:00. | |
four years, brings together athletes from seventy`one nations and | :00:00. | :00:00. | |
territories, almost all once part of the British Empire. Those are the | :00:00. | :00:07. | |
latest headlines from BBC News. Now for the latest financial news with | :00:08. | :00:10. | |
Sally Bundock and World Business Report. | :00:11. | :00:17. | |
Mixed results for America's tech giants. Apple reports bumper | :00:18. | :00:20. | |
profits, but Microsoft fails to impress as its hurt by the Nokia | :00:21. | :00:29. | |
acquisition. Clearing its name: GlaxoSmithKline prepares to unveil | :00:30. | :00:32. | |
its latest earnings, we look at how the company plans to rebuild its | :00:33. | :00:34. | |
reputation following a bribery scandal in China. | :00:35. | :00:45. | |
Welcome to World Business Report. I'm Sally Bundock. Also in the | :00:46. | :00:50. | |
programme, we take a look at how job vacancies in the Asia Pacific region | :00:51. | :00:57. | |
are surging. We will find out why. But first... Another bumper quarter | :00:58. | :01:02. | |
` Apple has reported a 12 % gain in profits on this time last year. The | :01:03. | :01:11. | |
company raked in seven. Eight billion dollars in the three months | :01:12. | :01:14. | |
to the end of June. Profits were driven higher by strong iPhone sales | :01:15. | :01:17. | |
with 35 million being sold in the quarter, up 13%. Despite the high | :01:18. | :01:24. | |
price tag, iPhone sales in the BRICS nations of Brazil, Russia, India, | :01:25. | :01:26. | |
South Africa, and China were particularly strong up a staggering | :01:27. | :01:29. | |
48%. By contrast, numbers from Microsoft weren't so pretty. In a | :01:30. | :01:32. | |
moment we'll take a closer look at Microsoft's struggle, but first, | :01:33. | :01:34. | |
Michelle Fleury explores how Apple hopes to stay on top. | :01:35. | :01:48. | |
In a now familiar sight, Long lines formed outside the Apple store when | :01:49. | :01:52. | |
the iPhone five first went on sale. In Hong Kong, customer were greeted | :01:53. | :02:06. | |
with cheers. It is increasingly important for Apple's Bottom Line. | :02:07. | :02:15. | |
Sales in China have been climbing despite the phone's hefty price | :02:16. | :02:22. | |
tag. All of it is in the developing world where it could easily mean a | :02:23. | :02:26. | |
third of GDP per capita but people are still willing to pay it due to | :02:27. | :02:32. | |
the status issues surrounding owning an iPhone. Not so hot is the tablet | :02:33. | :02:38. | |
computer. Most of us are carrying around computers with the screens | :02:39. | :02:42. | |
and we are using them to carry out functions now performed by the iPad. | :02:43. | :02:52. | |
The iPhone is not powerful enough to rival these. They have teamed up | :02:53. | :02:59. | |
with old rival IBM as its tablet is squeezed from both sides. The fact | :03:00. | :03:05. | |
that there has not been a major rethink on the iPad is beginning to | :03:06. | :03:09. | |
hurt them a little bit and I think they probably need to do something | :03:10. | :03:15. | |
cool or it. Overall profits are up and get the earnings of Apple remind | :03:16. | :03:20. | |
us that, given a our reliance on these products, there is increased | :03:21. | :03:27. | |
pressure for the next product to be a hit. While profits rose for Apple, | :03:28. | :03:37. | |
it was a different story for another US tech giant. Microsoft has | :03:38. | :03:40. | |
reported a 7% fall in profit for the last quarter as its new Nokia | :03:41. | :03:43. | |
acquisition hurt the company's bottom line. Microsoft said its | :03:44. | :03:45. | |
Nokia division, which it acquired in April and is earmarked for 12,500 | :03:46. | :03:49. | |
job cuts, lost $692 million for the three months ending June. These | :03:50. | :03:53. | |
Nokia numbers underscore the challenges facing new Chief | :03:54. | :03:55. | |
executive, Satya Nadella, as they seek to halt the decline of the | :03:56. | :03:58. | |
Nokia handset business and turn it into an asset that can aid | :03:59. | :04:06. | |
Microsoft's mobile efforts. But it wasn't all bad news ` cloud and | :04:07. | :04:09. | |
enterprise software performed well, with revenues doubling for the | :04:10. | :04:11. | |
Web`based versions of Office and Microsoft's Azure cloud`based | :04:12. | :04:21. | |
service. That is the latest on those two | :04:22. | :04:32. | |
companies. In a few hour's time the pharmaceuticals giant, | :04:33. | :04:33. | |
GlaxoSmithkline will open its books and unveil its second quarter | :04:34. | :04:36. | |
results. And it's been a tough quarter for the company since news | :04:37. | :04:39. | |
broke of the bribery scandal that has seen senior executives in China | :04:40. | :04:42. | |
arrested. As a result the company's share price has been on the move ` | :04:43. | :04:46. | |
currently GSK shares are 8% lower than this time last year. So what | :04:47. | :04:49. | |
can we expect from the company later today, and are more arrests expected | :04:50. | :04:56. | |
in China? With me...now is Dr Stephen Godwin, | :04:57. | :04:59. | |
Senior Researcher Director at the Planning Shop International, an | :05:00. | :05:00. | |
independent healthcare research agency. Good morning. It has been a | :05:01. | :05:10. | |
very trying time for GlaxoSmithKline in the headlines for all the wrong | :05:11. | :05:13. | |
reasons. It is the kind of story that we all... Well, any company | :05:14. | :05:22. | |
does not want to get. Rivalry and corruption. What can we expect from | :05:23. | :05:29. | |
them today? It is a bit of a distraction. It has nothing to do | :05:30. | :05:32. | |
with the main business and I think that the strong pound will hit them | :05:33. | :05:39. | |
as everyone has been saying. The issue with the strong pound, there | :05:40. | :05:43. | |
have been a lot of movement in the drugs industry over the last | :05:44. | :05:49. | |
quarter. AstraZeneca is fighting off Pfizer and other companies are being | :05:50. | :05:55. | |
bought up. With lots of SmithKline, what is it thinking in terms of | :05:56. | :06:03. | |
strategy `` GlaxoSmithKline? I think they did a clever and innovative | :06:04. | :06:11. | |
deal. They picked up some vaccines from another company and I think | :06:12. | :06:18. | |
they are now looking to the future for a strong performance. In terms | :06:19. | :06:23. | |
of the area it is going to focus on, I know cancer and curing that is | :06:24. | :06:35. | |
very much on its radar? The relationship with cancer at this | :06:36. | :06:38. | |
particular moment in time is not really in the right area of stop | :06:39. | :06:43. | |
that may be the reason for its recent deal. The philosopher's stone | :06:44. | :06:52. | |
is finding the cure for cancer or something that turns it into a more | :06:53. | :06:57. | |
manageable condition. I think everyone is looking at the new ideas | :06:58. | :07:02. | |
that came up from the big meeting a few months ago where new results | :07:03. | :07:09. | |
were revealed and short`term control of cancer and new technologies with | :07:10. | :07:12. | |
a great deal of interest were exhibited. I'm sure they're looking | :07:13. | :07:17. | |
at that in the longer term. Very briefly mentioned China at the | :07:18. | :07:22. | |
sidebar that many people may think only of that when they think of GSK. | :07:23. | :07:29. | |
I think from a strategic point of view, GSK sees that as an old | :07:30. | :07:36. | |
issue. It keeps coming back to trouble them from a legal or | :07:37. | :07:39. | |
financial point of view but from the business point of view, it is | :07:40. | :07:45. | |
probably a sidebar. Thank you and appreciate your analysis. We will | :07:46. | :07:58. | |
get the updates in a few hours. If you are considering a move to | :07:59. | :08:02. | |
Singapore for a banking job, you're not alone. But, you might be in the | :08:03. | :08:05. | |
minority if you're planning to move to Sydney. A study on professional | :08:06. | :08:08. | |
job opportunities in financial services shows vacancies across the | :08:09. | :08:11. | |
Asia Pacific region are up 5% from last year, indicating a growing war | :08:12. | :08:14. | |
for talent. There's a risk that Australia might lose out with 68% of | :08:15. | :08:16. | |
those surveyed considering an opportunity overseas. While in | :08:17. | :08:19. | |
Japan, the labour market seems to be reacting to efforts to stimulate the | :08:20. | :08:22. | |
economy. More businesses are hiring as they look to expand their overall | :08:23. | :08:29. | |
headcount that this time last year. Let's get more on this. Joining me | :08:30. | :08:32. | |
now is Rico Hizon from our Asia business hub in Singapore. It sounds | :08:33. | :08:40. | |
like you're in the place to be. . Straight. In my own backyard in | :08:41. | :08:51. | |
Singapore `` that is right. Costs here are high, Singapore is one of | :08:52. | :09:00. | |
the most expensive in the world. `` expensive cities. Available regional | :09:01. | :09:05. | |
jobs are up 5% from last year which indicates growing competition for | :09:06. | :09:07. | |
talent and I spoke earlier with Andrew Evans from a recruitment firm | :09:08. | :09:13. | |
which carried out the survey and he said that they were looking for a | :09:14. | :09:16. | |
mix of young and middle`aged talent. Is opportunity for both. I | :09:17. | :09:23. | |
think the way our clients operate these days which is in financial and | :09:24. | :09:29. | |
nonfinancial services, the variety of roles that they have and the way | :09:30. | :09:32. | |
in which they have and the way in which they're looking for talent to | :09:33. | :09:35. | |
move around and be taken advantage of, that is illustrated by the rise | :09:36. | :09:42. | |
in contracting market which is nonpermanent recruitment. That is in | :09:43. | :09:51. | |
Singapore, Hong Kong and Sydney. It indicates that it is not long`term | :09:52. | :09:53. | |
goals that are in the majority at the moment. The survey also says | :09:54. | :09:57. | |
that people are testing the market but not aggressively, they're | :09:58. | :10:02. | |
looking around looking for better pay and benefits and banks have been | :10:03. | :10:07. | |
good at moving staff from their headquarters in Europe to Asia. | :10:08. | :10:14. | |
Thank you very much. Let's look at the Asian markets. A very good day | :10:15. | :10:18. | |
today apart from Japan which has just fallen. The majority of | :10:19. | :10:29. | |
companies have been either hitting expectations or beating them lately | :10:30. | :10:34. | |
and that has been boosting markets. They're ignoring the geopolitical | :10:35. | :10:39. | |
situations in the Middle East and Ukraine. The S is a few points off | :10:40. | :10:48. | |
a record high. I will see you again | :10:49. | :10:50. |