24/11/2015 World Business Report

Those are the latest headlines from BBC World News.

Now for the latest financial news with Sally

We look at the cost of the stepped up security in Europe

And, we take you to the tiny Pacific island of Kirabas to look

at how a minnow is trying to claim a little more of a very big fish.

Also in the programme: Sharp shares surge for a third day

What is the cost of keeping Europe safe?

The Paris terror attacks and the ongoing lockdown in Brussels,

the capital of Belgium, has prompted countries across Europe to

The French government has announced a boost

of $641 million to its security budget at home for next year.

That's expected to cover the cost of hiring 5000 more police officers

as well as buying more specialist equipment.

As a result, the French government has already said it will fail to hit

The Belgian government has also set aside an additional $427 million

These funds will help reinforce border checks and put

And in the UK, Prime Minister David Cameron has outlined plans

for up to 10,000 troops that could be deployed onto British streets in

In total the UK plans to spend an additional $18 billion

With me is Dr Hugo Rosemont, Teaching Fellow and Assistant

Director at the Centre for Defence Studies within the Department of War

He is advising global governments on security and defence policy.

Thank you for coming in so early in the morning. No surprise that key

governments in Europe have rethought their defence budget. This is a

serious and ongoing situation. As of yesterday, the UK government has

announced a new Strategic Defence and Security Review within which

details have been contained on additional spending and a 30% rise

on counterterrorism spending. There will be additional resources for

intel and agencies with 1900 additional officers. --

intelligence. It isn't all new. We have faced a severe threat from

terrorism for many years now. It is additional expenditure on top of a

consistent rise in intelligence expenditure to meet this severe

threat. While these announcements might draw many headlines we aren't

reinventing the wheel. It is costly. We put all park figures

there for the viewers to look at. The question is, where will the

government finds the money? -- find. Yesterday we had from Michael

Fallon, the Defence Secretary, explaining that the economy is on

the recovery in the UK and that decisions would have to be made and

defence spending would be going up and other areas would see

retrenchment, like welfare. -- heard. That will be controversial

coming out of the spending review, but ultimately most people would

feel reassured that the government is taking its primary responsibility

seriously. We mentioned France, the UK, and also Belgium, obviously,

Brussels is in lockdown still at the moment which has been in place for

some time now. Some would argue these are unprecedented times and

therefore it is very difficult from the point of view of a government to

see what it would need in terms of future funding for this kind of

thing. The situation across different government in Europe is

different. Belgium has had problems with an absence of government at

times. But even without that you will see a strong response from the

Belgium authorities. The UK has been at the forefront of arguing that

there needs to be more information sharing across Europe to counter

these threats. Hopefully we're seeing European governments running

around and cooperating to confront this threat. Of course, it comes

from a lot of home-grown terrorism from within Europe so there needs to

be a lot more information sharing. But in terms of the resources, it is

important they put in new things for that to make sure they keep on top

of it. Thank you for contributing your time this morning. So much more

to discuss. There is much more on the website, so if you want to see

more detail go there. But we need to move on.

Shares of troubled Japanese display maker Sharp are on the climb today.

Rico Hizon is in our Asia Business Hub in Singapore is

Sally! They have been in trouble for so long. What is the latest? There

are reports that the main lenders of this manufacturer are seriously

considering for giving the company's loss. If there is a

wipeout of these deaths it will facilitate an investment by a

government backed investment fund. -- debts. That is why they are

skyrocketing by 22%. As you mentioned, they have endured a lot

of rain over the last few years, 10 billion in losses after they were

undercut in the liquid crystal display TV sets. -- pain. But they

also are considering selling a stake to the government backed innovation

network corporation of Japan or to Taiwan. That is why we are seeing a

lot of excited investors here. Staying with Japan, a preliminary

survey of the manufacturing index has shown signs of an improving

economy. Factory and new exporter orders combined had its fastest

expansion in 20 months in November. Those games also suggest that they

may be shaking off the effects of China's slowing economy. A glimmer

of hope. Thank you very much. Rico Hizon in Singapore.

Many people may not have heard of the tiny Pacific nation of Kiribas,

but there's a good chance you could have eaten tuna from its waters.

The country's land area is smaller than Greater London's,

but its fishing grounds cover an area bigger than India.

It's economy struggles, though, in part because most of the wealth from

Now, it's trying to keep more at home.

Timothy McDonald reports from Tarawa, the main island of Kirabas.

Not every fishing venture in Kirabas has ended in success. But they

provide a substantial part of the diet and catching them is central to

culture here. Further out to sea, fishing could be key to their

economic future. It is a tiny country with huge fishing grounds

and it is doing it best to make the most out of them. -- its. They are

unloading eight tons of June, taking great care of them because bruised

fish is not worth that much. -- tuna. Kirabas hope that by

processing fish were in the country they can keep more jobs and wealth

at times. But, they also sell the rights to fish to other countries.

They have quadrupled their licensing revenues over the last few years by

doing so. But the potential income from processing is a much big fish.

-- bigger. If we process all the fish in our waters our GDP would

triple. All of it is being taken to Bangkok to be canned. Imagine all

the jobs being created there and not here. So, our objective, and I think

it is fair, we want the processing and participation in the industry.

Not just being the source of the main material. They only get a 5%

slice of the fish. This is an attempt to change that. It is

delivering jobs in a country where unemployment tops 30%. There are

more than almost 200 employees affected onshore and almost 100

offshore working as crew. It faces challenges. It is a mere minnow

compared to overseas facilities. Their isolation also creates

problems there is a cost on labour, more costs on freight. The location

is far from the market. So we get to include all these costs into the

product. This makes it expensive. Even with these challenges, this

tuna could be the best economic hope for this country's future. I have

been doing World Business Report for 13 years and that is the first time

Kirabas has been featured in this show. I thoroughly enjoyed that.

Here is the Asian markets. The dollar is higher. Metals are getting

more costly. Like nickel and copper. They are at six-year lows. I will

see you