Browse content similar to 23/12/2015. Check below for episodes and series from the same categories and more!
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Those are the latest headlines from BBC News. | :00:00. | :00:00. | |
Now for the latest financial news with Sally | :00:00. | :00:00. | |
Are the European Union rules on cigarette packaging | :00:00. | :00:17. | |
The EU's Court of Justice will rule today | :00:18. | :00:21. | |
And staring into the crystal ball to see what | :00:22. | :00:29. | |
OPEC's outlook is released in a few hours. | :00:30. | :00:42. | |
Also in the programme: how seasonal Santa | :00:43. | :00:46. | |
Tobacco firms will today find out if they've won their case | :00:47. | :00:54. | |
against the European Union's rules on cigarette packaging and sales. | :00:55. | :00:58. | |
Philip Morris, BAT and Imperial Tobacco are among a | :00:59. | :01:01. | |
number of big firms joining forces to attack the legality of the EU's | :01:02. | :01:04. | |
Tobacco Products Directive which seeks to reduce the number of people | :01:05. | :01:18. | |
The Smoke Free Partnership, who are part funded by the European | :01:19. | :01:26. | |
Commission estimate smoking costs the EU Economy over $107 billion. | :01:27. | :01:30. | |
The new rules, voted on last year, included a ban | :01:31. | :01:33. | |
on flavoured cigarettes, a ban on so called lipstick-style | :01:34. | :01:36. | |
packs aimed at women and the requirement for 65% of each packet | :01:37. | :01:39. | |
Crucially the commission also said that plain packaging could go ahead | :01:40. | :01:46. | |
when "justified on grounds of public health". | :01:47. | :01:49. | |
Europe's highest court will be asked to rule today on | :01:50. | :01:52. | |
whether or not the EU's actions were proportionate and if they work | :01:53. | :01:55. | |
Florence Berteletti is the director of the Smoke Free Partnership. | :01:56. | :02:08. | |
Thank you for being on the programme. What do you think the | :02:09. | :02:14. | |
European Court of justice will decide today? He have any | :02:15. | :02:19. | |
inclination as to which way they are swaying? Good morning, well, | :02:20. | :02:25. | |
regardless of what has happened this morning, what is happening with | :02:26. | :02:29. | |
regard to the tobacco industry in the world is not going in their | :02:30. | :02:36. | |
favour. The tobacco industry has always thought that it could get | :02:37. | :02:46. | |
away with murder, but I'm very hopeful that the Advocate general's | :02:47. | :02:51. | |
opinion will actually go the same way as the way it has been going | :02:52. | :02:58. | |
around the world. And that it will vote in favour of children and | :02:59. | :03:04. | |
public health. As you illustrate, there is a very strong argument for | :03:05. | :03:13. | |
them to rule... That the EU rules are OK and should be enforced across | :03:14. | :03:17. | |
the region, but they do have to interpret the law and see whether | :03:18. | :03:20. | |
legally, which is what that tobacco firms are arguing, the EU has | :03:21. | :03:36. | |
overstepped the mark. Also, the principle of subsidiarity, where the | :03:37. | :03:39. | |
state decides on something and not the EU. As much as we might like to | :03:40. | :03:44. | |
see tobacco companies being hampered, it does come down to the | :03:45. | :03:49. | |
law, doesn't it? Of course it does come to the law, in the same way | :03:50. | :03:53. | |
that it came down to the law in Australia, Uruguay, and many other | :03:54. | :03:57. | |
court cases around the world. Let's not forget that it took five years | :03:58. | :04:04. | |
for this particular directive to get past. The European Commission, the | :04:05. | :04:11. | |
parliament, every single country including the UK was looking at the | :04:12. | :04:18. | |
legality of the directive and took great care. I get the feeling that | :04:19. | :04:25. | |
actually they didn't get it wrong. And yes, the tobacco industry sued | :04:26. | :04:31. | |
The European Commission, that is what we have been talking about, the | :04:32. | :04:37. | |
tobacco industry suing The European Commission for voting in favour of | :04:38. | :04:42. | |
children, and I still believe that the Advocate general's opinion, | :04:43. | :04:50. | |
which is not the court's final say, will rule in favour of children. OK, | :04:51. | :04:55. | |
thank you very much for your time, and when we get the news from the | :04:56. | :05:03. | |
Advocate general we will update you. Big tobacco companies strongly | :05:04. | :05:09. | |
arguing it is overstepping in Mark in terms of that corrective. | :05:10. | :05:12. | |
As we have been reporting for a few months now, the oil price has | :05:13. | :05:16. | |
This week Brent crude hit an 11 year low of | :05:17. | :05:20. | |
around $36 dollars a barrel, oil producing nations are now counting | :05:21. | :05:23. | |
the increasing cost of massive oversupply and tepid global demand. | :05:24. | :05:25. | |
Later today we will find out what next year holds in store | :05:26. | :05:29. | |
for the market as the powerful Organization of the Petroleum | :05:30. | :05:31. | |
Exporting Countries releases its world oil outlook for 2016. | :05:32. | :05:44. | |
Sharanjit Leyl joins me now from Singapore with the details. | :05:45. | :05:48. | |
I suppose everyone will be poring over this document when it is | :05:49. | :05:56. | |
released? Yes, and it is in just a few hours' time. We know they have | :05:57. | :06:01. | |
been haemorrhaging hundreds of billions of dollars this year | :06:02. | :06:03. | |
because of that collapse in oil prices. As you mentioned, oil prices | :06:04. | :06:15. | |
were reaching $36 a barrel, and though they recovered slightly, it | :06:16. | :06:22. | |
was still very low. Analysts say they expect no surprises from the | :06:23. | :06:25. | |
report, suggesting they will continue to keep their output levels | :06:26. | :06:30. | |
high in spite of falling prices. Essentially, they have been trying | :06:31. | :06:35. | |
to price other reduces out of the market, such as US shale oil | :06:36. | :06:44. | |
extractors. According to one analyst I have spoken to, this has had some | :06:45. | :06:48. | |
success, scaling down some US shale investments. What does this all mean | :06:49. | :06:59. | |
for Asia? Low prices are good for Asian economies, with many of the | :07:00. | :07:05. | |
large ones facing lower import bills. We also have other oil | :07:06. | :07:10. | |
producing nations, like Malaysia and Indonesia, who might be impacted. | :07:11. | :07:16. | |
Traditionally they subsidise their fuel, and that Bill would be | :07:17. | :07:18. | |
smaller. Now we have a real Christmas | :07:19. | :07:26. | |
cracker of a story for you. When most people think | :07:27. | :07:29. | |
of seasonal jobs they imagine working on a beach or even | :07:30. | :07:31. | |
at a ski resort, however a number of job opportunities have come up in | :07:32. | :07:35. | |
Brazil this festive period that you And for a country that's going | :07:36. | :07:38. | |
through financially tough times at the moment it's providing a be a | :07:39. | :07:45. | |
welcome Christmas present for some. TRANSLATION: IM and genuine resident | :07:46. | :08:13. | |
of Rio de Janeiro. This is the first time I am working as a Santa Claus. | :08:14. | :08:18. | |
My company has been downsized to eight employees, then to four, and | :08:19. | :08:22. | |
then it was just my partner and I, so we decided to close down. | :08:23. | :08:29. | |
Everything started to fall apart. Then this opportunity came up, and | :08:30. | :08:32. | |
people were saying, why don't you try to be Santa Claus? You look just | :08:33. | :08:37. | |
like him! You have his face, his beard, and his figure. Then I found | :08:38. | :08:43. | |
that you could make up to $5,000 over the Christmas period. I | :08:44. | :08:46. | |
realised that a lot of people who were there for the first time were | :08:47. | :08:49. | |
looking for the same thing as me, to try to make ends meet at a time of | :08:50. | :08:53. | |
crisis. Some of the shopping centres that used to hire Santa Claus are | :08:54. | :08:58. | |
now using mechanical ones. I got in at the time when, you have to laugh, | :08:59. | :09:04. | |
the crisis has even hit centre. A New Zealand court has ruled that | :09:05. | :09:08. | |
internet entrepreneur Kim Dotcom is eligible to be extradited to | :09:09. | :09:14. | |
the United States to face multiple Mr Dotcom who changed | :09:15. | :09:17. | |
his surname from Schmitz, founded the now-defunct file-sharing | :09:18. | :09:19. | |
site Megaupload where millions of US authorities say that he | :09:20. | :09:22. | |
and others cost film studios and Nike, the world's leading maker of | :09:23. | :09:26. | |
sporting goods has reported a 20% year-on-year rise in net profits for | :09:27. | :09:37. | |
the three months ending November. Income for the period came to $785m | :09:38. | :09:39. | |
while revenue was up 4% to $7.7bn. Future orders for deliveries | :09:40. | :09:43. | |
from December to April 2016, which is a key measure for Nike, | :09:44. | :09:45. | |
also beat expectations, boosted by strong demand from China, | :09:46. | :09:48. | |
Japan and North America. Uber has secured | :09:49. | :10:01. | |
a strategic partnership with the prominent Chinese carmaker | :10:02. | :10:03. | |
Guangzhou Automobile Group. The two firms will work together | :10:04. | :10:05. | |
in areas including investment, Uber launched in China in February | :10:06. | :10:07. | |
of last year and is active in 21 cities in the country, | :10:08. | :10:11. | |
with plans to be in 100 by 2017. From today, information about the | :10:12. | :10:33. | |
quality of care homes across England | :10:34. | :10:37. |