Browse content similar to 01/09/2014. Check below for episodes and series from the same categories and more!
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expected to appear in a Spanish court late on Monday. Those are the | :00:00. | :00:00. | |
latest headlines from BBC World News. Now, for the latest financial | :00:00. | :00:22. | |
news. Tougher sanctions within a week. The EU prepares to increase | :00:23. | :00:28. | |
pressure on Moscow with a new blacklist to | :00:29. | :00:30. | |
financial sector. And better together. India's prime | :00:31. | :00:41. | |
minister starts talks in Japan as the two countries look to do deals | :00:42. | :00:44. | |
on energy and military spending. Welcome to World Business Report. | :00:45. | :00:47. | |
I'm Ben Thompson. Also in the programme, we take a closer look at | :00:48. | :00:50. | |
how countries struggling with Ebola are fighting economic isolation. But | :00:51. | :00:56. | |
first, as fighting in Eastern Ukraine intensifies, so Vladimir | :00:57. | :00:59. | |
Putin has called for talks on the "statehood" of south`eastern | :01:00. | :01:06. | |
Ukraine. The provocative line has heightened fears that Moscow is | :01:07. | :01:09. | |
seeking to partition Ukraine. These comments from the Kremlin come as | :01:10. | :01:11. | |
European leaders prepares to impose tougher sanctions on Russia this | :01:12. | :01:15. | |
week. The EU will begin drawing up a comprehensive blacklist of people | :01:16. | :01:17. | |
and companies involved in the conflict in eastern Ukraine. But, | :01:18. | :01:25. | |
there is still disagreement amongst European leaders ` Britain, France | :01:26. | :01:27. | |
and Germany want tougher measures against the Russian financial and | :01:28. | :01:30. | |
energy sectors by the end of the week, but many eastern European | :01:31. | :01:33. | |
countries fear that a trade war with Moscow could cripple their | :01:34. | :01:41. | |
economies. Steven Blockman' s Senior Analyst at the Centre for European | :01:42. | :01:47. | |
Policy Studies is in Brussels. We spoke about the timeline than the | :01:48. | :01:51. | |
proposal of when this could take place. Some suggestions are that if | :01:52. | :01:55. | |
leaders act now, it could be October when these take place? It seems too | :01:56. | :02:00. | |
little, too late. Giving Russia one week of grace, that is like giving | :02:01. | :02:05. | |
it a lifetime to change the course of the game. In the upcoming days. | :02:06. | :02:12. | |
The European Union is again being put on the back foot, with the | :02:13. | :02:18. | |
announcement by President Putin that he aims for statehood in eastern | :02:19. | :02:23. | |
Ukraine. Is this a case of tightening up the existing sanctions | :02:24. | :02:26. | |
which are in place? Looking at the comments from a number of European | :02:27. | :02:30. | |
leaders, calling for different levels of severity, what it comes | :02:31. | :02:34. | |
down to is making sure the existing sanctions that are in place are | :02:35. | :02:40. | |
enforced? Yes, that is right, as far as I gather from comments from | :02:41. | :02:46. | |
Chancellor Merkel, existing sanctions will be sharpened up. | :02:47. | :02:54. | |
Restrictions on loans from state`owned banks in Russia, | :02:55. | :02:58. | |
restrictions on the dual use technology, in exports for oil | :02:59. | :03:02. | |
drilling, that technology and alike, and as you mentioned in the report, | :03:03. | :03:08. | |
the widening of blacklisting of people and entities involved in the | :03:09. | :03:12. | |
separatists in eastern Ukraine. Sorry to interrupt. It seems there | :03:13. | :03:23. | |
are concerns about the effectiveness of these sanctions. They don't come | :03:24. | :03:28. | |
without a cost for the countries that are implementing them because | :03:29. | :03:32. | |
it could backfire on the strength of their own economies. For example, in | :03:33. | :03:39. | |
places like Germany. That's right and that is why many European Union | :03:40. | :03:44. | |
member states are against implementing top perceptions. Many | :03:45. | :03:52. | |
analysts have claimed that energy embargoes might change the calculus | :03:53. | :03:56. | |
of the Kremlin. Others have said that with the total of 17 to 25 | :03:57. | :04:03. | |
billion euros going into exports against the EU, this won't change | :04:04. | :04:15. | |
the mind of Putin. Armed support for the Ukrainian government may change | :04:16. | :04:20. | |
it but again, there is no unity amongst member states to provide | :04:21. | :04:24. | |
that kind of military support. In fact, Germany and France have spoken | :04:25. | :04:30. | |
out against such an idea that was floated around by the Latvian | :04:31. | :04:40. | |
president. Thank you. In other news, talks between the new Prime | :04:41. | :04:47. | |
Minister of India and the leader of Japan are taking place today in | :04:48. | :04:54. | |
Tokyo as part of the Indian litre's five`day trip to Japan as he looks | :04:55. | :05:02. | |
to strengthen ties with the country. India is hoping for a deal on | :05:03. | :05:05. | |
defence collaboration between those two nations. More on this from our | :05:06. | :05:12. | |
correspondent who is covering this from our business news hub. What is | :05:13. | :05:19. | |
the significance of these talks? It is all about cooperation in key | :05:20. | :05:29. | |
areas? That's right. It is Narendra Modi's first bilateral trip outside | :05:30. | :05:32. | |
the subcontinent since winning the elections in a landslide victory in | :05:33. | :05:39. | |
May. As you mentioned, joint production of rare earth metals and | :05:40. | :05:46. | |
economic ties are all on the agenda. Today is the day that they | :05:47. | :05:51. | |
are really going to get down to the details, especially when it comes to | :05:52. | :05:59. | |
the economic benefits. Narendra Modi and Shinzo Abe are expected to sign | :06:00. | :06:04. | |
many agreements and in terms of nuclear energy, India has been | :06:05. | :06:09. | |
pushing for an agreement with Japan without giving up its nuclear | :06:10. | :06:16. | |
military programme. This is part of a deal that they had with the United | :06:17. | :06:20. | |
States under which India was allowed to import nuclear fuel and | :06:21. | :06:28. | |
technology. They are also interested in chemically similar elements | :06:29. | :06:33. | |
crucial to the manufacturing of many high`tech products. Japan is | :06:34. | :06:39. | |
currently very reliant on China for this but they are looking to make a | :06:40. | :06:46. | |
deal with India instead. They are hoping to start importing from India | :06:47. | :06:53. | |
in 2015. It is likely that they will agree on joint production at the | :06:54. | :06:57. | |
meeting in Tokyo on Monday according to many reports. These reports also | :06:58. | :07:02. | |
say that annual production is estimated to be roughly 23,000 tons | :07:03. | :07:09. | |
which would be about 3% of the demand from Japan. Thank you. Now to | :07:10. | :07:18. | |
the mounting concern about the effect of the Ebola outbreak which | :07:19. | :07:21. | |
the World Health Organisation has said could cost millions of dollars | :07:22. | :07:28. | |
to tackle over the next six months. A number of airlines have suspended | :07:29. | :07:36. | |
services to Freetown and Monrovia, leading to criticism that these | :07:37. | :07:38. | |
countries are becoming increasingly isolated. From Johannesburg, our | :07:39. | :08:01. | |
correspondent reports. Many feel that the airline industry is | :08:02. | :08:07. | |
overreacting. There is no reason not to come to Sierra Leone. There is no | :08:08. | :08:15. | |
reason not to go to Liberia. Provided you follow the | :08:16. | :08:22. | |
instructions. There is no reason to close shipping to this country. | :08:23. | :08:28. | |
There is no reason for airline companies to stop coming here. Many | :08:29. | :08:34. | |
airlines have seen a significant drop in ticket sales for flights to | :08:35. | :08:41. | |
Liberia and Sierra Leone and so it is no longer profitable to continue | :08:42. | :08:45. | |
with these roots. On land, traders and farmers cannot move their goods | :08:46. | :08:51. | |
due to border restrictions. Regional economies are starting to feel the | :08:52. | :08:56. | |
pain. We must continue to implement measures but we must not implement | :08:57. | :08:59. | |
measures that ostracize the affected countries. Excessive restrictions on | :09:00. | :09:07. | |
travel will adversely affect the economies of the subregion. The | :09:08. | :09:13. | |
United Nations is concerned that the border closures will make it | :09:14. | :09:16. | |
difficult to provide access to much`needed supplies let food and | :09:17. | :09:24. | |
water. `` like. Foreign exchange levels are down and markets are not | :09:25. | :09:29. | |
functioning. Businesspeople have left. It is very damaging. The | :09:30. | :09:39. | |
governments of these regions are now diverting funds meant for other | :09:40. | :09:46. | |
projects to the fight against Ebola and the world food programme is | :09:47. | :09:48. | |
scaling up its operations to provide food for the affected people across | :09:49. | :09:56. | |
these regions. The rapid consolidation of Spain's banking | :09:57. | :09:58. | |
sector took an important step forward over the weekend with news | :09:59. | :10:07. | |
that a merger is taking place `` and acquisition. China's manufacturing | :10:08. | :10:14. | |
industry took a hit this past month which indicates the country may | :10:15. | :10:25. | |
require more stimulus in this area. The PMI is a key gauge of the health | :10:26. | :10:36. | |
of the sector. Markets in Asia are ending mixed today. More coming up. | :10:37. | :10:54. | |
We will take a look at the newspapers and a moment but first, | :10:55. | :11:00. | |
whether you are downloading the latest application or surfing the | :11:01. | :11:06. | |
net, it is all because of a piece of computer code written by someone | :11:07. | :11:10. | |
somewhere in the world. Today, coding will be taught | :11:11. | :11:12. |