Browse content similar to 28/08/2014. Check below for episodes and series from the same categories and more!
Line | From | To | |
---|---|---|---|
raising concerns over further instances of electoral fraud. Those | :00:00. | :00:00. | |
are the latest headlines on BBC News. Now for the latest financial | :00:00. | :00:21. | |
news, World Business Report. Of $2.6 billion for Qantas by the | :00:22. | :00:26. | |
airline boss says the worst is over. Writing China's internet wave, | :00:27. | :00:30. | |
profit surge at Ali Bubba as it gears up for a vast stock market | :00:31. | :00:44. | |
debut `` riding. Welcome to World Business Report. In | :00:45. | :00:49. | |
a moment, Israel's Hotel is demanding state compensation as | :00:50. | :00:51. | |
visitor numbers hit a seven year low. `` Israel's Hotels. Hard times | :00:52. | :01:01. | |
for Qantas, revealing the biggest financial loss in 94 years as it | :01:02. | :01:04. | |
battles to restructure and stay in the air. In the year to the above | :01:05. | :01:11. | |
June, it lost $2.6 billion US, most of it a huge charge for | :01:12. | :01:14. | |
restructuring including thousands of redundancies that the firm has | :01:15. | :01:23. | |
made. One of the world's oldest and most recognisable airlines is in | :01:24. | :01:28. | |
deep trouble. Soaring fuel costings and fierce competition have resulted | :01:29. | :01:32. | |
losses. Despite its decline, Qantas losses. Despite its decline, Qantas | :01:33. | :01:35. | |
remains a popular institution at home. Australians want Qantas to | :01:36. | :01:44. | |
survive. They're not afraid to fly with someone else. It's good with | :01:45. | :01:49. | |
had an airline for some long. Pontus is allied with and rents and wants | :01:50. | :01:55. | |
the government to relax regulations `` Qantas is allied with Emirates. | :01:56. | :01:59. | |
Travellers continue to desert Australia's national cal `` carrier. | :02:00. | :02:07. | |
If you look at the passenger airline miles, they are diminishing for | :02:08. | :02:10. | |
Qantas. Where does the shrinking stop? Probably with Qantas closing | :02:11. | :02:19. | |
or with foreign capital coming in. The aviation market in Australia is | :02:20. | :02:23. | |
saturated and Qantas faces relentless competition on | :02:24. | :02:26. | |
international and to match `` domestic routes. Many feel he | :02:27. | :02:31. | |
international takeover is inevitable. Foreign ownership, look | :02:32. | :02:37. | |
at the mining, it is owned by the Chinese. If it keeps it afloat, | :02:38. | :02:42. | |
keeps the jobs in Australia, makes no difference. In an ultra | :02:43. | :02:49. | |
competitive industry, Qantas' plans for a profitable future will come | :02:50. | :02:54. | |
under scrutiny. There are those who believe that for the flying | :02:55. | :02:57. | |
kangaroo, this could be a life or death struggle. At stake, not only | :02:58. | :03:03. | |
thousands of jobs, but Australia's aviation restricts the `` | :03:04. | :03:08. | |
reputation. Trade unions threaten strike actions over job cuts | :03:09. | :03:11. | |
including in maintenance. Pilots say decisive action is needed to build a | :03:12. | :03:18. | |
stronger airline. It needs to go through pain initially like we are | :03:19. | :03:20. | |
going through now with the redundancies and losses. It needs to | :03:21. | :03:26. | |
justify to the banks and to shareholders that injections of | :03:27. | :03:29. | |
capital can re`equip the fleet so it can buy a modern aircraft. Qantas | :03:30. | :03:36. | |
has flown for a century but is facing unprecedented challenges. For | :03:37. | :03:42. | |
the famous flying kangaroo, the months ahead promise to be | :03:43. | :03:49. | |
turbulent. From a struggling company to one | :03:50. | :03:56. | |
that is the opposite, the Chinese e`commerce giant Ali Bubba has | :03:57. | :03:58. | |
announced a surge in profits as it gears up for a massive stock market | :03:59. | :04:04. | |
flotation in the US `` Alibaba. Profits tripled to $1.99 billion in | :04:05. | :04:08. | |
the three months to June. Not surprising given that Ali Baba | :04:09. | :04:16. | |
accounts for most retail sales in China. It could be worth more than | :04:17. | :04:22. | |
$200 billion when it floats. That is more than Amazon or eBay. Good news | :04:23. | :04:25. | |
for this man, the founder and chairman, and former college | :04:26. | :04:30. | |
lecturer who is China's richest man according to Bloomberg billionaires | :04:31. | :04:36. | |
index. Of course, the flotation could make him quite a bit richer. | :04:37. | :04:40. | |
Let's get more from Rico Hizon in Singapore. Just what the company | :04:41. | :04:48. | |
needs as it prepares to float. That's right. The firm will debut on | :04:49. | :04:52. | |
the New York Stock Exchange later this year and it is expected to be | :04:53. | :04:58. | |
the biggest internet stock offer since Facebook in 2012. Analyst said | :04:59. | :05:03. | |
the company could raise over $20 billion `` analyst we're. That will | :05:04. | :05:12. | |
make it a 200 billion dollar company, one of the 20 biggest | :05:13. | :05:21. | |
listed. `` analysts. The main takeaway from this earnings is that | :05:22. | :05:32. | |
Mobile monetisation is on a strong trajectory `` mobiles. Growth has | :05:33. | :05:37. | |
slowed over the last two years due to stiff competition and major | :05:38. | :05:41. | |
investment. The e`commerce giant is looking to develop mobile platforms | :05:42. | :05:48. | |
as a key revenue source with people increasingly accessing the internet | :05:49. | :05:52. | |
from smart phones and tablets. They want to compete with the likes of | :05:53. | :05:56. | |
Facebook and Amazon in their own turf in the US markets. Thank you. | :05:57. | :06:02. | |
We will look at that more in the run`up to the flotation. In other | :06:03. | :06:08. | |
news, owners of hotels in Israel demand millions in compensation from | :06:09. | :06:12. | |
the state over the conflict in Gaza. Before the ceasefire, the crisis saw | :06:13. | :06:17. | |
visitor numbers dropped to the lowest level in seven years and it | :06:18. | :06:23. | |
hit many businesses in Palestine that rely on tourism to the holy | :06:24. | :06:29. | |
Over 4500 rocket launched into Over 4500 rocket launched into | :06:30. | :06:34. | |
Israel from Gaza over 50 days of fighting kept foreign tourists awake | :06:35. | :06:39. | |
and stopped Israelis from travelling around the country. Tourism fell by | :06:40. | :06:43. | |
one fifth. Some of the most famous sites in Jerusalem were almost | :06:44. | :06:47. | |
empty. How has this affected business? It has cut down on the | :06:48. | :06:56. | |
number of terms. The groups have gotten smaller and I would not be | :06:57. | :06:59. | |
surprised if there had been cancellations. Feeling the pain too | :07:00. | :07:05. | |
is Israel's Hotel industry. In Tel Aviv, this hotel would normally be | :07:06. | :07:12. | |
full. Up till last week it was hard, around 25`30 percent of | :07:13. | :07:22. | |
occupation. Israel's government says $500 million worth of damage has | :07:23. | :07:26. | |
been done to the industry of tourism. It is not good for tourism. | :07:27. | :07:35. | |
In Israel, unlike Europe, high it season in tourism is in October and | :07:36. | :07:39. | |
May not July and August so there is time to heal. It is a blow though, I | :07:40. | :07:47. | |
don't deny it. Sunseekers in Tel Aviv had 90 seconds to find shelter | :07:48. | :07:51. | |
when an alarm was triggered. Now, the alarms have fallen silent and | :07:52. | :07:56. | |
beach`goers look calm. Domestic tourism was badly hit too. | :07:57. | :08:01. | |
Businesses across Israel, directly or indirectly related to the | :08:02. | :08:05. | |
incoming or outgoing tourism have been affected either crisis. As the | :08:06. | :08:11. | |
ministry of tourism puts it, the longer the hostilities continue, the | :08:12. | :08:15. | |
more the sector is affected. Even before the dust has settled, a new | :08:16. | :08:18. | |
battle breaks out over compensation from the state. However, for | :08:19. | :08:25. | |
Palestinians perfected beyond the separation barrier with Israel, | :08:26. | :08:30. | |
there is no sign of compensation. In Bethlehem, souvenir shops lie empty. | :08:31. | :08:38. | |
Since 45 days I don't sell $100. Should someone step into Seaview? `` | :08:39. | :08:47. | |
save you? . Save me. Businesses in the holy land pray for economic help | :08:48. | :08:51. | |
but know if the ceasefire holds it will allow a return to profit. | :08:52. | :09:01. | |
In other stories, the trade union members in the Argentine capital | :09:02. | :09:05. | |
have begun a 36 hour strike in protest at the government's economic | :09:06. | :09:09. | |
policies. The cost of living is soaring for ordinary Argentines but | :09:10. | :09:14. | |
inflation in the recession hit country is running as much as 40% | :09:15. | :09:18. | |
each year. Argentina has been ruled in default on its debts after a | :09:19. | :09:21. | |
legal dispute with US investors. Apple could launch an dumb at a | :09:22. | :09:31. | |
watch `` could launch at a watch introducing the device to compete | :09:32. | :09:35. | |
with Samsung's watch. It is a new generation iPhone | :09:36. | :09:44. | |
six`month firm. `` phone. Let's look at Asian markets. A mixed picture. | :09:45. | :09:49. | |
Off the back of strong figures in the US with a record close for the | :09:50. | :09:51. | |
SNP. More later. See you soon. Britain is deeply early test towards | :09:52. | :10:14. | |
people from private school, and Oxbridge graduates dominate senior | :10:15. | :10:18. | |
public life. The commission found 70% of senior judges, half of the | :10:19. | :10:23. | |
House of Lords and one third of | :10:24. | :10:24. |