Browse content similar to 29/07/2014. Check below for episodes and series from the same categories and more!
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You are watching the PC world news. Apologies for the technical problems | :00:00. | :00:09. | |
we are having. I will hand you over to Sally Bundock. | :00:10. | :00:20. | |
Talking tough, President Obama and European Union leaders agree to | :00:21. | :00:24. | |
adopt broader sanctions against Russia, but will Mr Putin blink? And | :00:25. | :00:31. | |
Japan sees an improving economic picture, with a stronger labour | :00:32. | :00:33. | |
market and households willing to spend a bit more Welcome to World | :00:34. | :00:42. | |
Business Report. I'm Sally Bundock. Also in the programme, we have part | :00:43. | :00:46. | |
two in our series about how new tech has enabled the young to create jobs | :00:47. | :00:51. | |
that never before existed. President Obama and European Union leaders | :00:52. | :00:54. | |
have agreed to impose further sanctions on Russia because they say | :00:55. | :00:57. | |
they have seen no evidence that President Putin is preparing to | :00:58. | :01:04. | |
change policy on eastern Ukraine. Full details are to be finalised at | :01:05. | :01:07. | |
a meeting of European Union officials on Tuesday. So what areas | :01:08. | :01:14. | |
are expected to be targeted? Financial, defence and energy | :01:15. | :01:17. | |
sectors are among those likely, as well as banning European investors | :01:18. | :01:20. | |
from buying new debt or shares of banks owned 50% or more by the | :01:21. | :01:25. | |
state. And an embargo on arms sales to Moscow and restrictions on the | :01:26. | :01:28. | |
supply of energy and dual`use technologies is also on the table, | :01:29. | :01:31. | |
but it looks as though restrictions to supplying technology to Russia | :01:32. | :01:34. | |
will include oil but exclude the gas sector. Here's what Tony Blinken the | :01:35. | :01:45. | |
national Security Adviser to President Obama had to say | :01:46. | :01:46. | |
yesterday. The European leaders clearly shared | :01:47. | :01:58. | |
the assessment of the determination to act. We expect the European Union | :01:59. | :02:05. | |
to take additional steps this week, including at key sectors of the | :02:06. | :02:09. | |
Russian economy. In conjunction with Europe, the United States will | :02:10. | :02:15. | |
implement measures. It is not to punish Russia, but it is because of | :02:16. | :02:29. | |
the situation in Ukraine. How tough will these sanctions be? They will | :02:30. | :02:35. | |
be tougher than the sanctions we have seen to date. There have been | :02:36. | :02:44. | |
sanctions on friends close to President Putin. We are now seeing | :02:45. | :02:50. | |
more sanctions coming from the EU. These are | :02:51. | :02:55. | |
tier three sanctions. It may involve supply to the energy sector. What | :02:56. | :03:06. | |
impact will this have on Russia? It could be quite damaging, especially | :03:07. | :03:11. | |
financially. They are banning Russia from recent capital on European | :03:12. | :03:18. | |
markets. That will be damaging to Russian businesses, especially those | :03:19. | :03:23. | |
that are state owned, with 50% more of speech shares. There is evidence | :03:24. | :03:29. | |
over the last few months that the initial impact of the sanctions was | :03:30. | :03:34. | |
tough. Consumer sentiment fell. We have seen that comes back recently. | :03:35. | :03:43. | |
The new sanctions could prove more long`lasting. Would it change the | :03:44. | :03:52. | |
actions of President Putin? We will have to wait to see what the | :03:53. | :03:57. | |
financial sanctions do. There is talk about credit availability of | :03:58. | :04:02. | |
companies and the interest costs they pay. That will be one | :04:03. | :04:07. | |
indication of how much it is hurting Russia. Where it will really hurt us | :04:08. | :04:17. | |
in the oil and gas sector. That is something that Europe has been | :04:18. | :04:25. | |
tentative in doing. There is talk about seizing assets held by Shell | :04:26. | :04:32. | |
and BP. That is certainly the area that will hurt Russia. There is an | :04:33. | :04:39. | |
option for them to retaliate. They haven't shown any signs of wanting | :04:40. | :04:43. | |
to retaliate. They have taken them on the nose and ignore them so far. | :04:44. | :04:56. | |
`` ignored. As we get confirmation on those sanctions, we will update | :04:57. | :05:03. | |
you. Members of the Millennial generation who've come onto the job | :05:04. | :05:06. | |
market since the crisis of 2008 have had well`publicised problems finding | :05:07. | :05:09. | |
work. Careers that sustained many previous generations, who became | :05:10. | :05:11. | |
lawyers or doctors, for example, are often no longer an option. But some | :05:12. | :05:16. | |
young people are finding ways to earn a living from skills they | :05:17. | :05:19. | |
learned not at school, but from chatting with their friends on | :05:20. | :05:21. | |
social media. Samira Hussain reports from New York on the opportunities | :05:22. | :05:24. | |
opened up by technology that didn't even exist a few years ago. Wearing | :05:25. | :05:33. | |
casual clothes, strolling through New York's Park, snapping photos on | :05:34. | :05:40. | |
his phone, and then it may look like he is on vacation, but he is | :05:41. | :05:48. | |
actually working. It is unique. This job didn't exist two years ago. They | :05:49. | :05:57. | |
are stunned that I can make a living taking pictures with a cellphone. I | :05:58. | :06:00. | |
am stunned to. He makes a running marketing campaigns on | :06:01. | :06:14. | |
Instagram. He has been hired by a large American brands, including | :06:15. | :06:24. | |
Delta. He is taking photos for a client today. Once he makes a few | :06:25. | :06:30. | |
changes, it is ready to go. Snapchat, Vine, Tumbler, These sites | :06:31. | :06:37. | |
all depend on people following you. Your status increases the more | :06:38. | :06:43. | |
friends you have. It is a goldmine for brands. If they want to increase | :06:44. | :06:49. | |
their visibility with Millenials, to technology they must go. This is | :06:50. | :06:54. | |
where young people are spending their time and communicating. | :06:55. | :06:59. | |
Understanding that that is where this generation is and where they | :07:00. | :07:02. | |
are spending their time, I understand that. I drop using these | :07:03. | :07:12. | |
apps. I love them. It is important to embrace them for what they are. | :07:13. | :07:19. | |
She made a name for herself as the Picasso of Snapchat. It has a fun | :07:20. | :07:31. | |
doodle aspect. She doesn't know anyone else who does what she does. | :07:32. | :07:40. | |
At least not yet. Job availability in Japan hit its highest in 22 years | :07:41. | :07:43. | |
in June as companies grow more confident about hiring, and | :07:44. | :07:45. | |
household spending rebounded modestly. But it's not all good news | :07:46. | :07:48. | |
for Prime Minister Shinzo Abe at home. First to Sharon. There is a | :07:49. | :08:01. | |
lot of information coming out about the health of the Japanese economy. | :08:02. | :08:07. | |
Tell us more. You talk about jobs, but there is other data. It is all | :08:08. | :08:13. | |
due to the sales tax hike in April. That is denting consumer demand, | :08:14. | :08:16. | |
although not as much as previously feared. The fear was that consumer | :08:17. | :08:22. | |
demand would plunge in the wake of the April one that the hike and hit | :08:23. | :08:28. | |
producers. We know that spending did fall after the tax rise. Official | :08:29. | :08:32. | |
data says household spending is down 3% on the year end June. That is a | :08:33. | :08:38. | |
much smaller decrease than the 8% drop in May. Retail sales are also | :08:39. | :08:44. | |
down .6% in June, declining for the third straight month. That is a sign | :08:45. | :08:50. | |
of a pullback in demand after the tax rise still remains a drag on | :08:51. | :08:56. | |
consumer spending, but not quite so much. The government raised that | :08:57. | :09:00. | |
sales tax to 8% from 5% on April one. That was an attempt to try to | :09:01. | :09:02. | |
fix Japan's finances. Schindler `` Shinzo Abe is suffering the | :09:03. | :09:18. | |
polls. He has been introducing measures to try to inflate Japan's | :09:19. | :09:22. | |
economy, including in the rural sector. The Federal Reserve starts | :09:23. | :09:30. | |
its two`day meeting today. There is a loss of news on the United States | :09:31. | :09:35. | |
economy coming out. It is a packed agenda. We now look to the papers. | :09:36. | :09:46. | |
Thank | :09:47. | :09:47. |