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As Obama touches down in a rather rainy Cuba for a historic visit, | :00:16. | :00:19. | |
we look at how businesses there are beginning to take advantage | :00:20. | :00:22. | |
Plus new technology aiding the fight against corruption. | :00:23. | :00:28. | |
We take a look at advances in India that seem to be having a big impact. | :00:29. | :00:38. | |
Welcome to World Business Report. I'm Sally Bundock. | :00:39. | :00:42. | |
Also in the programme, what are "click farms"? | :00:43. | :00:44. | |
Here is a clue - the recent denial from | :00:45. | :00:47. | |
Cambodia's Prime Minister that he bought millions of Facebook likes. | :00:48. | :00:49. | |
President Obama has arrived in Havana, the first US presidential | :00:50. | :00:57. | |
Mr Obama will meet President Raul Castro later today | :00:58. | :01:03. | |
and then speak at an event focused on entrepreneurships. | :01:04. | :01:07. | |
US-Cuba relations were frozen in the early 1960s, when the US | :01:08. | :01:11. | |
broke off diplomatic relations and imposed a trade embargo after | :01:12. | :01:13. | |
It's estimated the trade embargo has cost the Cuban | :01:14. | :01:21. | |
Obama normalised diplomatic and economic ties in December 2014, | :01:22. | :01:27. | |
but the embargo cannot be fully lifted without approval from the | :01:28. | :01:30. | |
Travel restrictions have also been eased by President Obama. | :01:31. | :01:37. | |
Yesterday US hotel company Starwood became the first American firm to | :01:38. | :01:40. | |
agree a deal with the Cuban authorities since the revolution | :01:41. | :01:42. | |
of 1959, agreeing to spend millions renovating hotels in Havana. | :01:43. | :01:49. | |
Many in Cuba now hope the country is on the verge of a new | :01:50. | :01:53. | |
economic era, and it's estimated that between 20-30% of the workforce | :01:54. | :01:56. | |
is now privately employed in the self-described communist state. | :01:57. | :02:01. | |
Throughout the day, we'll look at some of those people | :02:02. | :02:04. | |
running businesses in Cuba, starting with art design, a career that's | :02:05. | :02:07. | |
We wanted to do something different. We also wanted to do something that | :02:08. | :02:25. | |
is very connected to design. Because design is very important, and here | :02:26. | :02:35. | |
in Cuba it is not that common. It is a sharp gallery, design studio and | :02:36. | :02:43. | |
workshop. This is really powerful, and very interesting. But it doesn't | :02:44. | :02:50. | |
represent me any more. So I want to make it closer to me. Just to chill | :02:51. | :03:00. | |
out all that propaganda. It is not criticising, it is not making | :03:01. | :03:03. | |
history wrong or whatever, it is just saying what we want to say | :03:04. | :03:09. | |
right now. The challenges of making a business in Cuba are very | :03:10. | :03:18. | |
connected to how people face that new reality. It is very hard also | :03:19. | :03:25. | |
because there is no tradition, we have no tools for that. I have to be | :03:26. | :03:33. | |
very concerned about quality, about competitiveness, about efficiency. I | :03:34. | :03:40. | |
feel like an astronaut. I feel like I'm discovering a whole new world. I | :03:41. | :03:45. | |
feel like if people around me feel the same, we can actually do | :03:46. | :03:52. | |
something really amazing. And I don't know, maybe this doesn't work. | :03:53. | :03:58. | |
Maybe next year we're out of business. But right now, it feels | :03:59. | :04:10. | |
like it is working. Let's hope she is not out of business next year. A | :04:11. | :04:12. | |
lot more about Uber online. -- Cuba. When is a like on Facebook a real | :04:13. | :04:16. | |
like - and when has it been bought? That's a question being asked | :04:17. | :04:21. | |
on social media in Asia this week, with the Prime Minister | :04:22. | :04:23. | |
of Cambodia, Hun Sen, forced to That's because the leader of the | :04:24. | :04:26. | |
relatively small Asian nation has That's in a country with an internet | :04:27. | :04:30. | |
penetration rate of just 9%. That compares to the UK, | :04:31. | :04:39. | |
for example, where Prime Minister David Cameron's Facebook page has | :04:40. | :04:43. | |
a mere one million likes, even though the UK has a hefty | :04:44. | :04:48. | |
internet penetration rate of 91%. Thousands of likes can be purchased | :04:49. | :04:57. | |
for just a few dollars, and it's becoming a growing issue | :04:58. | :04:59. | |
across social media platforms. It is a big deal for advertisers, as | :05:00. | :05:06. | |
you can imagine. Sharanjit Leyl joins me now from | :05:07. | :05:11. | |
Singapore with more on this. This is a fascinating story. It is | :05:12. | :05:21. | |
fascinating. I will try to tell you as much as a node in one minute. It | :05:22. | :05:25. | |
is extraordinary when you look at those stats. It is something | :05:26. | :05:28. | |
everybody knows exists. Several studies have been done looking at | :05:29. | :05:35. | |
the phenomenon of buying the likes, and social media has been criticised | :05:36. | :05:39. | |
for this practice even though many of these platforms have issued | :05:40. | :05:41. | |
statements saying they discourage the practice by regularly purging | :05:42. | :05:49. | |
fake accounts. But the business upshot is if you are a brand, | :05:50. | :05:53. | |
celebrity or political leader, buying social media popularity will | :05:54. | :06:00. | |
likely come back and white you. For instance, it was widely reported | :06:01. | :06:03. | |
when Instagram purged accounts of fake followers, celebrities like | :06:04. | :06:08. | |
Justin Bieber lost 3.5 million followers on that platform. As you | :06:09. | :06:13. | |
showed, it has not done the Cambodian leader any favours, as he | :06:14. | :06:17. | |
has been caught out using this practice. One analyst said there is | :06:18. | :06:24. | |
a more with jubilant -- all legitimate way to drum up interest | :06:25. | :06:28. | |
by creating engagement with users that go beyond the like button, and | :06:29. | :06:34. | |
to do well, companies should initiate the right engagement at the | :06:35. | :06:38. | |
right time and create timely posts that relate to trends. In this way, | :06:39. | :06:43. | |
the algorithms from Facebook and other social media will be able to | :06:44. | :06:47. | |
recognise it as legitimate interest and increase that person's file. So | :06:48. | :06:53. | |
that is a bit of a trick. Thank you for those topped tips. See using. -- | :06:54. | :06:58. | |
top tips, see using. In many countries, | :06:59. | :07:00. | |
corruption is an unwelcome part However, bribes and kickbacks don't | :07:01. | :07:02. | |
just have an impact on those who have to pay them, | :07:03. | :07:05. | |
they also have a huge influence It's estimated that corruption costs | :07:06. | :07:08. | |
the global economy All this week, we're looking at how | :07:09. | :07:12. | |
governments are trying to tackle the problem, starting in India, where | :07:13. | :07:16. | |
Shilpa Kannan reports from Delhi. A Delhi traffic policeman | :07:17. | :07:20. | |
filmed taking money. Shocking as it may be, | :07:21. | :07:25. | |
bribery like this, usually small amounts of money taken | :07:26. | :07:27. | |
by officials for doing something that should be free, has long been a | :07:28. | :07:31. | |
way of life in many Indian cities. Now the police force is trying to | :07:32. | :07:36. | |
clean up the system, Using basic technology, | :07:37. | :07:39. | |
people can use the messaging service WhatsApp to submit evidence | :07:40. | :07:44. | |
of alleged wrongdoings, and they Compared to the amount invested to | :07:45. | :07:49. | |
make the service more accessible to the public, | :07:50. | :07:58. | |
I feel the economic impact on the Cracking down | :07:59. | :08:01. | |
on often petty corruption Another big frustration many Indians | :08:02. | :08:11. | |
have come across is that getting even official things like passports | :08:12. | :08:16. | |
can only be done if you know the So, might technology be helping | :08:17. | :08:20. | |
to clean up that as well? India issues over 12 million | :08:21. | :08:29. | |
passports each year. It used to be an endless wait to get | :08:30. | :08:32. | |
one, but now the process can take That is partly down to the | :08:33. | :08:36. | |
technology automating the system, But the government department | :08:37. | :08:42. | |
responsible says computers have stripped away the opportunities | :08:43. | :08:48. | |
for under-the-table bribes. It makes | :08:49. | :08:55. | |
the bureaucracy faceless, and also Once you make | :08:56. | :09:00. | |
the operation cashless, From fingerprint-scanning to | :09:01. | :09:05. | |
keeping digital records, it may seem basic, but is | :09:06. | :09:15. | |
technology making a difference? With India increasingly looking | :09:16. | :09:19. | |
for outside investment, often from countries with very | :09:20. | :09:23. | |
strict anti-bribery and corruption laws, making doing business here | :09:24. | :09:25. | |
more transparent can only help. And in the war on corruption, | :09:26. | :09:32. | |
technology is looking Australian stocks have fallen after | :09:33. | :09:34. | |
Prime Minister Malcolm Turnbull recalled parliament and brought | :09:35. | :09:47. | |
the Budget forward, setting Australia will hold | :09:48. | :09:49. | |
an early election if the country's Senate fails to pass laws aimed | :09:50. | :09:53. | |
at curbing union corruption. The government has introduced bills | :09:54. | :09:58. | |
to re-establish a construction industry watchdog to | :09:59. | :10:00. | |
the Senate five times. A UK exit from the EU would cause | :10:01. | :10:07. | |
a "serious economic shock", potentially costing the country ?100 | :10:08. | :10:11. | |
billion and nearly one million jobs. That's the verdict | :10:12. | :10:13. | |
of a report commissioned by the CBI, a lobby group which represents | :10:14. | :10:16. | |
major business in the UK. The report was rubbished by the | :10:17. | :10:27. | |
Vote Leave campaign group, who say employment and the economy would | :10:28. | :10:30. | |
continue to grow after an exit. That is all for me for now. We will | :10:31. | :10:40. | |
cover other business stories shortly when we cover the papers. See you | :10:41. | :10:42. | |
shortly. With the increase | :10:43. | :10:49. | |
in laser attacks on helicopters and aeroplanes, the authorities here | :10:50. | :10:51. | |
in the UK have been thinking up new ways to protect pilots - | :10:52. | :10:54. | |
and catch those responsible. According to the | :10:55. | :10:58. | |
Civil Aviation Authority, | :10:59. | :11:01. |