08/08/2014 World Business Report

proposing to take control of the country. Those are the latest

headlines from BBC One news now for the latest financial news, Aaron

Heslehurst with World Business Report `` BBC World News.

It's a complete overhaul for a very troubled airline, Malaysia plans to

delist its national carrier from the stock exchange, making it fully

state`owned. And the trial begins in China they corporate investigator

and his wife `` they. We look at the new climate in China `` of a.

Hello, everyone. Welcome to the programme. A fascinating and

exciting snapshot of all the latest in the world business and money. We

will look at the future of Wikipedia shortly and the big Chinese

corporate crackdown. But first Malaysian's state investment firm

has proposed a complete overhaul of the troubled national carrier,

Malaysian Airlines. They want to buy the shares it already doesn't own in

the carrier, and then delist it and take it off the stock exchange. Why

has this happened? It's because the airline has been hurt two major

tragedies, the crash of MH17 in Ukraine and the disappearance of

MH370, all of this in recent months. The incidents have triggered

concerns about the line's future. They say they will purchase all

minority shares in the flag carrier and finance a restructuring plan by

the end of the month. Great to see you. It is a complete overhaul for a

troubled airline, but let's be frank, this was an airline that was

in serious trouble before these two tragedies. Am saying, in terms of

financial performance, it was one of the worst in the industry `` some

are saying. Bleeding is how many people put it. Given that this is in

many ways what the market has been expecting. They were in trouble long

before the MH17 and MH370 tragedies, they need a big capital

injection. Obviously this has been one of the options for the

government to buy the entire airline and try and save it. Once they are

delisted, it paved the way for a restructure to a certain extent out

of the public eye. They have had five straight quarters of losses.

Analysts are saying, their next results, due on August 20, could be

their worst quarter ever stop it now we do have them saying it would not

only review it, we knew they were going to do that, but now they are

going to 100% and the complete overhaul will look at every aspect

of the airline's operation. They have looked at the business model,

finances, human capital and the regulatory environment. They haven't

talked about brand and whether or not they will rebrand Malaysian

Airlines, that's also been the subject of a lot of speculation.

Ordinary shareholders will get a 12.5% premium to the last closing

price, but this is really just the first page of the restructuring.

They will be a lot more detail to come `` first stage. And we will

hear from the unions as well. Getting the unions, who represent

around half of the line's 20,000 workers on side, getting their

support will be crucial. Just to be clear for a moment, perhaps viewers

around the world who don't follow this kind of thing, de`listing,

getting away from the stock exchange gets the shareholders of Macnair

back so they can get the tough work done. At the end of the day, when

this restructuring takes place, we will see a smaller carrier no doubt

`` shareholders of Macnair back. Perhaps. You can look at airlines in

the past that have been delisted and listed again, Japan is one example.

It is dependent on which way they decide to go. In a statement they

talk about the importance of Malaysian Airlines continuing as a

national entity. We will have to wait and see. It's not out of the

question may delist and eventually when they restructure comeback

again. They could relist. Thanks very much. . How about this one?

Contributors to the online encyclopaedia Wikipedia are

descending on London this weekend for their annual gathering dubbed

Tim Mack one it is including `` Tim Mack one. Despite more than 30

million pages of information ranging from everything, from the mundane to

the controversial, the free online encyclopaedia faces significant

challenges. Most importantly expanding foreign language versions

and having a more diverse group of writers, so Wikipedia and is. We

asked Wikipedia's founder, Jimmy Wales, if he is concerned that the

majority of contributors are Western men. It is mainly men, I wouldn't

say Weston, Chinese Wikipedia is full of Chinese people. `` Western.

It does tend to be men, it does tend to be tech savvy men, or tech savvy

people generally, most of whom end up being men for various reasons. We

really want to expand the community and diversify the community because

we know it helps lead to quality in other areas. You did set a goal,

though, for yourselves of increasing the number of women participants to

25% by 2015, but more a long way from that target. The goal was to do

that by 2015 and we've completely failed. That's a target we set for

ourselves and we're really doubling down our efforts now, we realise we

didn't do enough. There's a lot of things that need to happen to help

improve that, to get from around 10% to around 25%. A lot of outreach and

a lot of software changes. It's a big job. Another issue has been the

imbalance in the articles on Wikipedia. For example, one critic

saying there were more articles on Lord of the Rings than there were on

sub Saharan Africa. How worried are you about that? I suspect numbers

like that can be misleading and the counts can be wrong and so forth. We

think there are imbalances in the content. Some of that we don't worry

too much about, if we have to many articles about Pokemon, that's OK,,

, because I'm not sure we want to redirect the people writing about

Pokemon to write about health issues. But it points to a need to

ring in new editors to diversify and make sure we have good coverage of

everything. `` bring in. A British businessman and his American wife

are in court in Shanghai charged with illegally illegally gathering

personal information on Chinese citizens. They had been working with

Glaxo Smith Kline to identify a whistleblower within the company who

had accused Glaxo Smith Kline of bribing Chinese hospitals and

hospitals. It coincides with the Chinese government's (. Some of the

world's most powerful brands are being investigated by the Chinese

government in this antimonopoly drive. They have also visited

Microsoft and Mercedes and they will impose big fines for Mono ballistic

behaviour. Lets get more with Duncan Innis Kerr, a China analyst. Great

to have you with us. GS K was already being investigated. Where

did this husband and wife come from? Did somebody planted them? The way

these two got involved is they were called in to investigate the frankly

quite bizarre way that the allegations against GS K were

raised. In doing so they seemed to have crossed some political lines

and that has landed them in this trouble. The problem is that this

has added what would have otherwise been a fairly ordinary antibribery

case. It's given that case a political smell that perhaps gives

GS K an excuse to blame it on politics than it would have had

otherwise. We have been following the big Beijing corporate crackdown

very closely. A lot of Western brands being targeted by Beijing

officials, are they also investigating Chinese companies?

Yes. Chinese companies are being investigated by the end ERC, but the

way is very different. Quite often the Chinese officials will come to a

negotiated agreement with Chinese companies, they don't tend to make

examples of them in the way Western companies are being made examples

of. That's partly because on the Chinese side either the companies

are big state`owned enterprises, or they are smaller private firms that

would not get the splash you would get when you accuse a big Western

brand. Does this change the goalposts for companies either

wanting to invest in China or at least get into China, a foothold in

China? China is one of the biggest markets in the world and it's

notable all of the companies being accused make a lot of money in

China. It's not like they are going to be leaving because of this. It

does make Western companies a lot more irritated and upset about the

operating environment in China. You've got to be in it to win it I

guess. Thanks very much. We appreciate your time. That's it,

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The NHS drugs watchdog in England has rejected a treatment that can

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