Browse content similar to 11/11/2015. Check below for episodes and series from the same categories and more!
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Reports suggest up to nine people may have died. | :00:00. | :00:00. | |
Those are the latest headlines from BBC World News. | :00:00. | :00:00. | |
Now for the latest financial news with Sally | :00:00. | :00:25. | |
Dyson heads to Europe today for a dust up with it's rivals. | :00:26. | :00:28. | |
The vacuuming giant says current energy ratings are misleading | :00:29. | :00:30. | |
Also in the programme we'll be bringing you the details of | :00:31. | :00:40. | |
a court case relating to the largest ever US financial cyber-hack. | :00:41. | :00:43. | |
The European Court of Justice is expected to rule | :00:44. | :00:51. | |
in the next few hours on a case brought by British firm | :00:52. | :00:54. | |
Dyson to have EU energy efficiency labels on vacuum cleaners changed. | :00:55. | :00:56. | |
Dyson says the labels mislead consumers, | :00:57. | :00:59. | |
because the current testing process doesn't reflect how vacuum cleaners | :01:00. | :01:02. | |
The devices are tested in lab conditions where they are empty of | :01:03. | :01:09. | |
dust - but Dyson says a full vacuum cleaner can use much more power. | :01:10. | :01:14. | |
It independently tested one and found it used 750 watts | :01:15. | :01:18. | |
while empty, but more than double - 1,600 watts - when it was full. | :01:19. | :01:22. | |
Dyson says it wants the labels changed to give | :01:23. | :01:26. | |
a true representation of how efficient a vacuum cleaner is. | :01:27. | :01:33. | |
With me now to discuss this is John Doherty a partner at | :01:34. | :01:36. | |
Nice to see you. So, tell us a little bit more about James Dyson's | :01:37. | :01:49. | |
argument here, because the issue, I guess, with his vacuum cleaners is | :01:50. | :01:52. | |
they don't have a bag. That's right. Yeah, I mean, he sees - I suppose | :01:53. | :01:58. | |
two points. His vacuum cleaners are at a competitive disadvantage, | :01:59. | :02:02. | |
because whereas they use less power, but offer, presumably, the same | :02:03. | :02:06. | |
amount or greater suction - or that would be his assertion - but they're | :02:07. | :02:12. | |
not able to have that advantage, because the way the testing regime | :02:13. | :02:17. | |
works is artificial. In the lab, there is no dust that's in the bags. | :02:18. | :02:21. | |
Of course, in the home there's a lot more dust. It can use up to twice | :02:22. | :02:24. | |
the level of power, as you mentioned. So he wants to see a | :02:25. | :02:27. | |
slightly more sophisticated test imposed to - and also taking into | :02:28. | :02:34. | |
account the use of bags, etc. So it's an environmental issue and | :02:35. | :02:37. | |
about the use of other materials plus the energy. It sounds similar, | :02:38. | :02:43. | |
in a way, to the VW emissions testing scandal, where the cars are | :02:44. | :02:45. | |
performing differently in the laboratory as to when on the road. | :02:46. | :02:52. | |
But actually with these hoovers, they are not performing differently, | :02:53. | :02:54. | |
it's just how much energy they're consuming to do their job, is that | :02:55. | :02:58. | |
correct? Yeah, that's right. I think with VW, the suggestion so far is | :02:59. | :03:02. | |
that there has been manipulation of the testing process, so the cars | :03:03. | :03:07. | |
apparently were on rolling roads, were programmed to detect that fact | :03:08. | :03:10. | |
and then perform differently than they would on the road. In this | :03:11. | :03:13. | |
particular case, I think it's really the testing regime is operating | :03:14. | :03:17. | |
properly, and everybody is going through the process, but Dyson is | :03:18. | :03:21. | |
innovating here, as ever, and is saying that it's not good enough - | :03:22. | :03:25. | |
the testing regime is not fit for purpose. How will he get on in the | :03:26. | :03:33. | |
European courts, do you think? I mean, he has set himself a very high | :03:34. | :03:36. | |
standard, again, as usual, because to have a piece of European law | :03:37. | :03:41. | |
annulled is not unprecedented but it's very rare. So although none of | :03:42. | :03:45. | |
us can actually predict accurately what the court will decide, I | :03:46. | :03:48. | |
suspect they will uphold the law on the basis that there is nothing | :03:49. | :03:54. | |
wrong, in a sense, with the law - it's really a question of, it has | :03:55. | :03:59. | |
got to evolve and that's for the law-makers to think about how to do | :04:00. | :04:03. | |
that. As you say, to get a European ruling annulled is rare. It's | :04:04. | :04:07. | |
costly, it's time-consuming, you kind of wonder why is he going down | :04:08. | :04:14. | |
this road? I mean, it's going to take a long time and energy and | :04:15. | :04:18. | |
money. Yeah, well, I mean it has already taken a few years even to | :04:19. | :04:21. | |
get to this point. I suspect he really wants to make his point, | :04:22. | :04:25. | |
which is that the current regime is not fit for purpose, it's out-dated | :04:26. | :04:32. | |
and I suppose he feels he has a lot to gain because his competitors - | :04:33. | :04:39. | |
bagged vacuum cleaners, rather than bagless - can't really compete with | :04:40. | :04:44. | |
him. But I suppose we live in an imperfect world and the regime, | :04:45. | :04:46. | |
perhaps, you know, hasn't been able to keep up with him. All right, | :04:47. | :04:49. | |
well, we will watch with interest. John, thank you so much for coming | :04:50. | :04:54. | |
in to explain the vacuum cleaner saga. One we will return to. But now | :04:55. | :04:56. | |
let's move on. It's the stuff of James Bond movies | :04:57. | :04:59. | |
- a jetpack you can fly off on The Martin Jetpack is being | :05:00. | :05:02. | |
exhibited at the Dubai Airshow. As Jeremy Howell reports, it's not | :05:03. | :05:07. | |
just for the playboy millionaire. It has taken no fewer than 30 years | :05:08. | :05:25. | |
for Martin to develop their jetpack. This year it's being unveiled at | :05:26. | :05:28. | |
international air shows. Here in Dubai, there is a simulator ride to | :05:29. | :05:32. | |
whet potential customers' appetites. Personally, there is a feeling of | :05:33. | :05:36. | |
disbelief and then there is a feeling of reality and then beyond | :05:37. | :05:40. | |
the reality becomes the, "Actually, this really has potential to do | :05:41. | :05:42. | |
things we need to do for our particular environment". And I think | :05:43. | :05:46. | |
that's the realisation stage that they're going through right now for | :05:47. | :05:52. | |
us. The jetpack wasn't really made for millionaire fun-seekers. It's | :05:53. | :05:54. | |
designed primarily for rescue work. For example, let's take a collapsed | :05:55. | :05:58. | |
building. The first thing is you can get there relatively quickly. The | :05:59. | :06:01. | |
problem is collapsed buildings is you don't know what's on the other | :06:02. | :06:03. | |
side without sending people around. You can get across there and have a | :06:04. | :06:07. | |
look. And one of the most important things is for individuals to know | :06:08. | :06:09. | |
that they are recognised as being in trouble much -- trouble. The jetpack | :06:10. | :06:16. | |
is driven by two turbo fan engines. You use joysticks to control height | :06:17. | :06:22. | |
and direction. It has a top speed of 74 kph. Rescue services in Dubai | :06:23. | :06:27. | |
have offered to buy a fleet of them. The jetpack will go on sale to | :06:28. | :06:31. | |
private buyers in two years' time. The price is about $200,000, and it | :06:32. | :06:42. | |
comes with a parachute. Prosecutors have charged three men relating to | :06:43. | :06:46. | |
the largest cyber-attack of financial firms in US history. | :06:47. | :06:51. | |
Personal information for 100 million people was accessed by cyber-thieves | :06:52. | :06:55. | |
between 2012 and the summer of 2015. 12 institutions were victims, | :06:56. | :07:01. | |
including JP Morgan and asset manager Fidelity. Our correspondent | :07:02. | :07:06. | |
has the details. What they're alleged to have accessed, actually | :07:07. | :07:10. | |
through one of these men's kind of personal banking account, is | :07:11. | :07:13. | |
customer data. And really, it's not that they went in and stole money | :07:14. | :07:18. | |
from these customers, from these financial institutions, JP Morgan | :07:19. | :07:22. | |
being the I biggest hit in the summer of 2014, with 83 million | :07:23. | :07:25. | |
customers faekded - it's really that they took their personal data and | :07:26. | :07:30. | |
then blasted out e-mails and other communications to these customers, | :07:31. | :07:32. | |
basically encouraging them to buy certain stocks. This was one of the | :07:33. | :07:34. | |
schemes that prosecutors are basically charging them with, is | :07:35. | :07:40. | |
this "Pump and dump" scheme so they can manipulate stock prices. So | :07:41. | :07:44. | |
that's what they did with a lot of these commerce' data. What | :07:45. | :07:48. | |
prosecutors have said is that this is really changing the game of | :07:49. | :07:52. | |
hacking. It's changing it from hacking to short profit to hacking | :07:53. | :07:55. | |
it as a business model and in terms of the JP Morgan hack and the way | :07:56. | :07:58. | |
these men tried to manipulate the stock market with this hack is | :07:59. | :08:02. | |
they're saying it's securities fraud on cyber-steroids, so very serious. | :08:03. | :08:12. | |
Other stories: Revenue at 10 cents at China's biggest gaming and Seven | :08:13. | :08:15. | |
Networking site jumped 10% in the three months to September. It is a | :08:16. | :08:18. | |
five-month high for the firm thanks to a surge in advertising income. | :08:19. | :08:25. | |
The number of users of its popular messaging app We Chat rose by almost | :08:26. | :08:28. | |
40 percent in that time to almost $450 million. A vivid pink diamond, | :08:29. | :08:35. | |
you can see it there, weighing over 16 carats has sold at auction in | :08:36. | :08:40. | |
Geneva for over $28 million. The auction house Christies said only | :08:41. | :08:42. | |
three pink stones in this category come up for sale over the past 250 | :08:43. | :08:49. | |
years. The diamond, known as "The Pink" was purchased by an | :08:50. | :08:50. | |
unidentified Chinese investor. Today is the 11th of November | :08:51. | :09:02. | |
which in China means only one thing As the name suggests, | :09:03. | :09:05. | |
Singles' Day began as a day for single people to treat themselves | :09:06. | :09:09. | |
and started as a grassroots movement In 2009 the online retail firm | :09:10. | :09:12. | |
Alibaba adopted the day to promote a massive online shopping sale | :09:13. | :09:16. | |
which has now also been adopted Last year, Alibaba recorded $9.3 | :09:17. | :09:19. | |
billion in sales during the annual event, making it the biggest | :09:20. | :09:24. | |
online shopping day in the world. 2015 is already looking | :09:25. | :09:28. | |
like it will be even bigger. Alibaba recorded sales of $5 billion | :09:29. | :09:33. | |
in the first 90 minutes Now we were hoping to have more | :09:34. | :09:50. | |
analysis on that for you, but for technical reasons we can't talk some | :09:51. | :09:53. | |
more about Singles' Day in this programme but there is more | :09:54. | :09:55. | |
information about that on our website. That's all from me for now. | :09:56. | :09:57. | |
I'll see you soon. The star of Sherlock, Benedict | :09:58. | :10:22. | |
Cumberbatch has swapped acting for valuer. He has | :10:23. | :10:23. |